RESOLUTION 91-20394 RESOLUTION NUMBER 91-20394
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF
MIAMI BEACH, FLORIDA, APPROVING THE OPTION TO RENEW
THE LEASE OF THE COLONY THEATER TO THE CONCERT
ASSOCIATION OF GREATER MIAMI , INC. FOR A THREE YEAR
PERIOD TERMINATING THE 31 DAY OF AUGUST, 1994, AS
PROVIDED IN RESOLUTION # 88-19309
WHEREAS, the City of Miami Beach has leased the property known as
the Colony Theater, located at 1040 Lincoln Road, to the Concert
Association of Greater Miami , Inc. ; and
WHEREAS, the lease .Approved by Resolution # 88-19309 has an option
for a three year renewal at a renegotiated subsidy amount; and
WHEREAS, the City of Miami Beach is desirous of maintaining the use
of this property as a Performing Arts Center;
NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF
MIAMI BEACH, FLORIDA, that the mutual covenants contained in the prior
lease be extended through the three year option period at a reduced
subsidy of $85,000 the first year, $80,000 the second year, and $75,000
the third year.
PASSED AND ADOPTED THIS 4th DAY December
1991
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lAYO
ATTEST:
'---ZuitAAA-d r
CITY CLERK
FORM APPROVED
LEGAL DEPT.
By 6Z3:27(Z „__—
Date ///,2/5-
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AMENDMENT TO LEASE BETWEEN CITY OF MIAMI
BEACH, FLORIDA, (THE LESSOR) AND CONCERT
ASSOCIATION OF GREATER MIAMI , INC. , A
NON PROFIT CORPORATION.
WHEREAS, the Lease Agreement between the lessor and lessee dated
July 29, 1988 contains in Section 3 an option to extend the lease for
a period of three years; and
WHEREAS, the option to extend the Lease Agreement contains a
provision to renegotiate the operating subsidy contained in Section 24;
and
WHEREAS, both parties are desirous to extend the lease on a re-
negotiated basis;
NOW THEREFORE, the mutual considerations contained in original
lease are extended until August 31, 1994 under the provisions of
Section 3 of that lease; and
THAT Section 24 of the lease be amended to provide an operating
subsidy of $85,000 for the year ending August 31, 1992; $80,000 for the
year ending August 31, 1993; and $75,000 for the year ending
August 31, 1994.
IN WITNESS THEREOF, both parties hereto have caused these presents
to be signed by the respective duly authorized officials, and respective
corporate seals to be affixed this 6th day of Dec ber , 1991.
Cl/1
i///M4R
CO = ASSOCIATION OF REATER
MI ' NC.
By/Or`•`,�_� �� Lam.
PRES I D
ATTEST:
CITY CLERK
APPROVED AS TO FORM
LEGAL DEPT.
Date: /,,K2- 5/57//
CITY OF MIAt II BEACH
CITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH FLORIDA 33139
.(11111 /
OFFICE OF THE CITY MANAGER TELEPHONE: (305) 673-7010
FAX: (305) 673-7782
COMMISSION MEMORANDUM NO. 7 -/q/
DATE: December 4, 1991
TO: Mayor Seymour Gelber and
Members of the City Commission
FROM: Carla Bernabei Talarico4uA�
City Manager
SUBJECT: THREE YEAR EXTENSION OF THE LEASE OF THE COLONY THEATER
In 1988 the City sent out a proposal for an Operating Agreement
for the operation of the Colony Theater for a three year period.
This lease arrangement, under which the Concert Association of
Greater Miami , Inc. was a successful proposer, included a three
year option to extend the contract through 1994. Both the Admin-
istration and the Concert Association have been pleased with the
operations of the Colony Theater under the Concert Association' s
management. The operation subsidy which was included in the
original contract has been renegotiated as required by the pro-
visions of the option and the City' s cost to be reduced $5,000
per year beginning this year through the termination of the contract.
4DhlINISTRATION RECOMMENDATION:
The Administration recommends that the City Commission adopt this
Resolution to extend the lease of the Colony Theater to the
Concert Association of Greater Miami , Inc. until August 31, 1994.
CBT:RJN:sw
AGENDA
ITEM 1 �+
iier
DATE
ORIGINAL
RESOLUTION NO. 91-20394
Approving the option to renew the lease
of the Colony Theater to the Concert
Association of Greater Miami, Inc. for a
three year period terminating the 31st
day of August, 1994, as provided in
Resolution Number 88-19309.