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RESOLUTION 90-19953 RESOLUTION NO. 90-19953 A RESOLUTION AUTHORIZING EXECUTION OF LEASE AMENDMENT WITH I.B.S. FLEA MARKETS, INC. FOR THE USE OF HALLS C AND D OF THE MIAMI BEACH CONVENTION CENTER MARCH 1- 11, 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 AND D OF THE MIAMI BEACH CONVENTION CENTER on MARCH 1- 11, 1991. for the event known as WORLD'S LARGEST INDOOR FLEA MARKETS AND WHEREAS, an appropriate lease amendment 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 amendment and deems it to be in the best interest of the City to authorize the execution of the said lease amendment. 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 amendment 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 18th day of April , 1990. //( 4L,," MAYOR Attest: &Ce-g-71-( City Clerk Form Approved Legal Department Dated: 7/2/);4° 'MAL: lm 4 eet, 4 7/440te e cad \Pg":'Fq.,,, FLORIDA 3 3 1 3 9 r4r *\ 11NCORP ORATED , V A CA TIONL A NIS U. S. A. ,,�'7�CH 26'":9 OFFICE OF THE CITY MANAGER CITY HALL ROB W.PARKINS 1700 CONVENTION CENTER DRIVE CITY MANAGER TELEPHONE: 673-7010 COMMISSION MEMORANDUM N O.Qbs-qo DATE:APRIL 18, 1990 TO: Mayor Alex Daou icJ City Commis 'on p Members of t ty ,..._ /,,/j FROM: Rob W. Parkin g A, A AN. City Manager er ;I` SUBJECT: LEASE AMENDMENT - I . B. S. FLEA MARKETS, INC. FACILITY: HALL D OF THE MIAMI BEACH CONVENTION CENTER ORGANIZATION: I. B.S. FLEA MARKETS, INC. EVENT: WORLD' S LARGEST INDOOR FLEA MARKET DATES: MARCH 1-11, 1991 AMENDMENT PURPOSE: ADDING AN ADDITIONAL HALL - HALL C 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 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 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 AMENDMENT WITH I.B.S. FLEA MARKETS, RECOMMENDATION: INC. RW P/N L/j b s /. 4 AGENDA e - .-- . ITEM DATE 41q8-9° CITY OF MIAMI BEACH TO: Laurence Feingold March 30, 1990 City Attorney FROM: Norman Litz Convention Center Director SUBJECT: LEASE AMENDMENT - I . B. S . FLEA MARKETS, INC. Attached are three copies of the above described lease amendment. If the form of this agreement amendment 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 lea= se amendment and recommend its approval . e 71/ Conve t io r Cent-r NL: j ya cc: City Manager ORIGINAL RESOLUTION NO. 90-19953 Authorizing execution of Lease amendment with I.B.S. Flea Markets, Inc. for the use of Halls C and D of the M.B. Conven- tion Center March 1-11, 1991.