RESOLUTION 90-19945 RESOLUTION NO. 90-19945
A RESOLUTION AUTHORIZING EXECUTION OF LEASE
AGREEMENT WITH I.B.S. FLEA MARKETS, INC. FOR THE
USE OF HALLS C AND D IN THE MIAMI BEACH CONVENTION
CENTER FEBRUARY 28-MARCH 9, 1992 .
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 AND D IN THE MIAMI BEACH CONVENTION CENTER
on
FEBRUARY 28-MARCH 9, 1992
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 4th day of April , 1990.
4L-147
a `OR
Attest:
City Clerk
Form Approved:
Legal Department
Dated: ,,y -1
PNB: lm
REF: 1\CNVFLEA.RES
e'4
(4wt
I
e
FLORIDA 3 3 1 3 9
QPM� Eqc'
*i1NC0ith RATED *s "VACA TIONLAND U. S. A. "
CH26�" '
OFFICE OF THE CITY MANAGER CITY HALL
ROB W.PARKINS 1700 CONVENTION CENTER DRIVE
CITY MANAGER TELEPHONE: 673-7010
az cif)
COMMISSION MEMORANDUM NO.
DATE: APRIL 4, 1990
TO: Mayor Alex Dao - and
Members of t • City Corn • sill,/
410
FROM: Rob W. Par .ns
City Manager pr..
SUBJECT:
LEASE AGREEMENT - I.B.S. FLEA MARKETS, INC.
FACILITY: HALLS C & D OF THE MIAMI BEACH CONVENTION CENTER
ORGANIZATION: I.B.S. FLEA MARKETS, INC.
EVENT: WORLD'S LARGEST INDOOR FLEA MARKET
DATES: FEBRUARY 28-MARCH 9, 1992
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 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 PLUS FLORIDA STATE RENTAL TAX, WHICH IS
CURRENTLY 6%.
ADMINISTRATION APPROVE LEASE AGREEMENT WITH I.B.S. FLEA MARKETS,
RECOMMENDATION: INC.
RWP/NL/j b s
3
AGENDA •
ITEM `
DATE -76
CITY OF MIAMI BEACH
TO: Laurence Feingold March 26, 1990
City Attorney
FROM: Norman Litz
Convention Center Director
SUBJECT: LEASE AGREEMENT - I . B. S. FLEA MARKETS INC.
Attached are three copies of the above described
lease agreement.
If the form of this agreement meets with your
approval, will you kindly prepare resolution
authorizing its execution by the City and forward
to the City Manager for presentation to the City
Commission.
I concur with the terms of this lease and
recommend its approval .
////
L
Convention Ce . ter
NL: j ya (,
cc: City Manager
ORIGINAL
RESOLUTION NO. 90-19945
Authorizing execution of lease agreement
with I.B.S. Flea Markets, Inc. for the
use of Halls C and D in the Miami Beach
Convention Center February 28-March 9,
1992.