RESOLUTION 90-19954 RESOLUTION NO. 90-19954
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 JUNE 14-24 , 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
JUNE 14-24 , 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.
64 j
43: :1
AYOR
Attest: 7,7:
or
City Clerk
Form Approved
Legal Department
Dated: 0")
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OFFICE OF THE CITY MANAGER CITY HALL
ROB W.PARKINS 1700 CONVENTION CENTER DRIVE
CITY MANAGER TELEPHONE: 673-7010
COMMISSION MEMORANDUM .;1)1220
DATE:APRIL 18, 1990
TO: Mayor Alex Daoud .
Members of th ity Commi .•n
FROM: Rob W. Par 'ns i/
CityManager -'1
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: JUNE 14-24, 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 (6 0) 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.
RWP/NL/jbs
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AGENDA
ITEM_ •
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DATE I
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 lease amendment
and recommend its approval .
Convention Ce t-er
NL: jya
cc: City Manager
ORIGINAL
RESOLUTION NO. 90-19954
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 June 14-24, 1991.