RESOLUTION 89-19838 RESOLUTION NO. 89-19838
A RESOLUTION AUTHORIZING EXECUTION OF LEASE
AGREEMENT WITH THE I.B.S. FLEA MARKETS, INC. FOR
THE USE OF HALLS C AND D IN THE MIAMI BEACH
CONVENTION CENTER NOVEMBER 29 - DECEMBER 9 , 1991 .
WHEREAS, the City Commission of the City of Miami Beach,
Florida, has been advised that
I .B.S. FLEA MARKETS, INC.
desires to lease certain premises and facilities of the City of
Miami Beach, to-wit:
HALLS C & D IN THE MIAMI BEACH CONVENTION CENTER
on
NOVEMBER 29 - DECEMBER 9 , 1991
for the event known as
WORLD'S LARGEST INDOOR FLEA MARKET
AND WHEREAS, an appropriate lease agreement has been prepared
by the Miami Beach Convention Center Director 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 Miami
Beach Convention Center Director be and he 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 December , 19 89-
`f 'Y
MAYOR
Attest:
e14-11,:e d'?) (a6V/
City Clerk
Form Approved:
Legal Department
Dated: /) /'4,47
JLM:rg
FLORIDAet:0 Niami ead _ _
3 3 1 3 9
-4 **
te" ,i
-.INCORP CRATED/*''' "VA CA TIONL,4:V D U. S. A.
OFFICE OF THE CITY MANAGER CITY HALL
ROB W.PARKINS 1700 CONVENTION CENTER DRIVE
CITY MANAGER TELEPHONE: 673-7010
NO. �_.
COMMISSION MEMORANDUM
DATE: DECEMBER 20, 1989
TO: Mayor Alex Dao • .nd
Members of e City Com ►Is• •11
FROM: Rob W. Par 'ns ''
1r
City Manager ,
SUBJECT: LEASE AGREEMENT — I. B.S. FLEA MARKETS, INC.
FACILITY: HALL C AND D OF THE MIAMI BEACH CONVENTION CENTER
ORGANIZATION: I .B.S. FLEA MARKETS, INC.
EVENT: WORLD'S LARGEST INDOOR FLEA MARKET
DATE: November 29 — December 9 , 1991
AMOUNT: THE LESSEE HEREBY COVENANTS AND AGREES TO PAY THE
FOLLOWING MINIMUM RENTALS, OR SUCH HIGHER RENTALS AS
SHALL BE APPROVED BY THE CITY COMMISSION ON OR BEFORE
120 DAYS PRIOR TO THE DATE LESSEE TAKES OCCUPANCY UNDER
THIS LEASE; PROVIDED, HOWEVER, THAT LESSEE 'S OBLIGATION
WITH RESPECT TO SUCH HIGHER RENTALS SHALL BE LIMITED
TO AN INCREASE OF TWELVE PER CENT (12%) OVER THE
FOLLOWING MINIMUM RENTALS.
SIXTY (60) CENTS PER SQUARE FOOT PER HALL OF NET
EXHIBIT SPACE USED WITH A MINIMUM GUARANTEE OF THIRTY
THOUSAND AND NO/100 ($30, 000. 00) DOLLARS PER HALL, FOR
A TOTAL OF SIXTY THOUSAND AND NO/100 ($60, 000. 00)
DOLLARS, PLUS FLORIDA STATE RENTAL TAX, WHICH IS
CURRENTLY 6%.
RATE: COMMISSION APPROVED
ADDITIONAL
CHARGES : NONE
ADMINISTRATION
RECOMMENDATION: THE LESSE HEREBY COVENANTS AND AGREES TO PAY THE
FOLLOWING MINIMUM RENTALS, OR SUCH HIGHER RENTALS AS
SHALL BE APPROVED BY THE CITY COMMISSION ON OR BEFORE
120 DAYS PRIOR TO THE DATE LESSEE TAKES OCCUPANCY UNDER
THIS LEASE; PROVIDED, HOWEVER, THAT LESSEE 'S OBLIGATION
WITH RESPECT TO SUCH HIGHER RENTALS SHALL BE LIMITED
TO AN INCREASE OF TWELVE PER CENT (12%) OVER THE
FOLLOWING MINIMUM RENTALS.
SIXTY (60) CENTS PER SQUARE FOOT PER HALL OF NET
EXHIBIT SPACE USED WITH A MINIMUM GUARANTEE OF THIRTY
THOUSAND AND NO/100 ($30, 000. 00) DOLLARS PER HALL, FOR
A TOTAL OF SIXTY THOUSAND AND NO/100 ($60, 000 . 00)
DOLLARS, PLUS FLORIDA STATE RENTAL TAX, WHICH IS
CURRENTLY 6%.
RWP/NL/jya
AGENDA
ITEM — ---�
)f-D-t-)0 (1DATE
ORIGINAL
RESOLUTION NO. 89-19838
I.B.S. FLEA MARKET, CONVENTION
CENTER, 11/29-12/9/1991)