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Preview <br /> <br />Page 1 of2 <br /> <br /> <br />City of Sunny Isles Beach <br />18070 Collins Avenue <br />Sunny Isles Beach, Florida 33160 <br /> <br />(305) 947-0606 City Hall <br />(305) 949-3113 Fax <br /> <br />MEMORANDUM <br /> <br />TO: <br /> <br />The Honorable Mayor and City Commission <br /> <br />FROM: <br /> <br />Alan J. Cohen, City Manager <br /> <br />DATE: <br /> <br />12/15/2011 <br /> <br />RE: <br /> <br />Approval of an amendment to a Lease Agreement under the Sunny Isles <br />Blvd Causeway with FDOT <br /> <br />RECOMMENDATION: <br /> <br />Approve the agreement <br /> <br />REASONS: <br /> <br />We are required by the Florida Department of Transportation (FDOT) to share any <br />revenues we receive from properties that we lease from them. The City has just installed <br />a new metered pay station at the Bella Vista parking lot, which is located under the <br />Sunny Isles Boulevard Causeway. FDOT has submitted the lease addendum to us to <br />reflect our new revenue collection activities on their property. <br /> <br />ADDITIONAL INFORMATION: <br /> <br />The lease amendment is virtually identical to the one approved by the City Commission <br />earlier this year for the property lease under the William Lehman Causeway. It requires <br />the same split in revenues, with 60% going to the City and 40% going to FDOT. It should <br />be noted that the City does not pay anything else to FOOT for the lease of the property. <br /> <br />FUNDING SOURCE: <br /> <br />Revenue collections are accounted for in 10-344-501 <br />Payments to FDOT are budgeted in 10-525-5349 <br /> <br />ATTACHMENTS: <br /> <br />. <br /> <br />Resolution <br /> <br />http://sibagenda.sibfl.net/ agenda/Preview .aspx?I temID=665 &MeetingID=O&MeetingDate... 12/9/2011 <br />