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83-17325 RESOLUTION NO. 83-17325 A RESOLUTION AUTHORIZING EXECUTION OF LEASE AGREEMENT WITH RELIABLE, INC. FOR USE OF NORTHEAST CORNER OF FOURTH STREET AND ALTON ROAD FOR A ONE-YEAR PERIOD COMMENCING WITH EXECUTION OF LEASE AGREEMENT. WHEREAS, the City Commission of the City of Miami Beach, Florida, has been advised that RELIABLE, INC. , a Florida corporation, desires to lease certain premises and facilities of the City of Miami Beach, commonly referred to as the Northeast Corner of Fourth Street and Alton Road, and legally described as follows: Lots 1, 2, 3, and 4, OCEAN BEACH ADDITION NO. 3 RESUBDIVISION, according to the Plat thereof as recorded in Plat Book 26 at Page 62 of the Public Records of Dade County, Florida; for the purpose of storage of rental vehicles and for no other purpose whatsoever; and WHEREAS, a monthly rental in amount of $420. 00 per month, or $5,040 .00 per annum, has been agreed upon, and said rental payment would represent a fair return to the City of Miami Beach, i .e. , twelve (12%) percent of current assessed value of the property; and WHEREAS, the term of the lease will be for one year , with an option to renew for one term, and it is anticipated that Reliable, Inc. will abide by all the terms and conditions of the Lease, and WHEREAS, the lease will contain a thirty (30) day cancellation cause, thus enabling the City to make other use of the property within a short period of time; and WHEREAS, an appropriate lease agreement has been prepared by the City Attorney and approved as to form by the City Attorney; and WHEREAS, THE City Commission has been advised of and is familiar with the terms and provisions of the said lease agreement and deems it to be in the best interest of the City to authorize the execution of the said lease agreement, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA that the Mayor and the City Clerk be and they are hereby authorized and directed to execute the above-described lease agreement on behalf of the City, and that the City Manager is hereby authorized and directed to carry into effect the terms and provisions undertaken therein by the City. PASSED and ADOPTED this 20th day of April, 1983. MAYOR ATTEST: 4.0C.CatitA,. CITY CLERK FORM APPROVED: Legal Dep tment