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Damian J. Gallo & Associates, Inc. Lease Agreement 6483YY I,t 1"3 LEASE AGREEMENT THIS LEASE AGREEMENT, made this day of 201 (Lease, Lease Agreement), by and between the CITY OF MIAMI EACH, a Florida municipal corporation, (hereinafter referred to as "City" or "Landlord"), and DAMIAN J. GALLO & ASSOCIATES, INC., a Florida corporation, (hereinafter referred to as "Tenant"). 1. Demised Premises. The City, in consideration of the rentals hereinafter reserved to be paid and of the covenants, conditions and agreements to be kept and performed by the Tenant, hereby leases, lets and demises to the Tenant, and Tenant hereby leases and hires from the City, those certain premises (the "Demised Premises") located in the City-owned building at 1701 Meridian Avenue, Miami Beach, Florida 33139 (the "Building"), and more fully described as follows: 1,269 square feet located on the rg ound floor of the Building, and as more specifically delineated in "Exhibit 1" (Demised Premises), attached hereto and incorporated herein. Also known as: Unit 4 (a.k.a. 775 17th Street). 468 square feet of the western portion of Demised Premises shall be used by Tenant as a permit processing office (the "Office Space"). 801 square feet of the eastern portion of the Demised Premises shall be used by Tenant solely for the purpose(s) of operating a cafe (the "Cafe Space"). 1.1 The City and Tenant are parties to a concession agreement dated 2013 (the "Concession Agreement"), as contained in "Exhibit 1.1", attached hereto and incorporated herein, for 507 square feet of outdoor space adjacent to and east of the Demised Premises (the "Concession Area"). 1.2 The Office Space, the Cafe Space and the Concession Area are more specifically delineated in "Exhibit 1.2" (Layout), attached hereto and incorporated herein. 2. Term. 2.1 Tenant shall be entitled to have and to hold the Demised Premises for an initial term of three (3) years, commencing retroactively on the 1st day of December, 2013 (the "Commencement Date"), and ending on the 30th day of November, 2016. For purposes of this Lease Agreement, and including, without limitation, Subsection 2.2 herein, a "contract year" shall be defined as that certain period commencing on the 1St day of December, and ending on the 30th day of November. 2.2 Provided Tenant is in good standing and free from default(s) under Section 18 hereof, and upon written notice from Tenant, which notice shall be submitted to the City Manager no earlier than one hundred twenty (120) days, but in any case no later than sixty (60) days prior to the expiration of the initial term (or prior to the expiration of the first renewal term, as the case may be), this Lease may be extended, at the City Manager's sole and reasonable discretion, for two (2) additional two (2) year renewal terms. Any extension, if approved, shall be memorialized in writing and signed by the parties hereto (with the City hereby designating the City Manager as the individual authorized to execute such extensions on its behalf). In the event that the City Manager determines, in his sole and reasonable discretion, not to extend this Lease Agreement (upon either the expiration of the initial term or of the first renewal term), the City Manager shall notify Tenant of same in writing, which notice shall be provided to Tenant within fifteen (15) business days of the City Manager's receipt of Tenant's written notice. 2.3 Notwithstanding anything in this subsection, or any other term or condition in this Lease Agreement, the City reserves the right, through its City Manager, to terminate this Lease Agreement effective any time after July 1, 2014, without cause and without liability to the City, upon providing Tenant with 180 days prior written notice. 3. Rent. 3.1 Base Rent: Tenant's payment of Rent, as defined in this Section 3, shall commence on December 1, 2013 (the "Rent Commencement Date") and, thereafter, on each first day of subsequent months. 3.1.1 During the first Contract Year, the Base Rent for the Demised Premises shall be Forty Six Thousand Four Hundred Ninety Six and 16/100 Dollars ($46,496.16) per year, payable in monthly installments of Three Thousand Eight Hundred Seventy Four and 68/100 Dollars ($3,874.68). 3.1.2 The Base Rent amount pursuant to this Section 3.1 shall be increased annually throughout the Term, including any renewal terms, commencing on the anniversary of the Commencement Date of the Lease, and each anniversary of the Commencement Date thereafter, in increments of three (3%) percent per year. 2 3.2 Additional Rent: In addition to the Base Rent, as set forth in Section 3.1, Tenant shall also pay the following Additional Rent as provided below: 3.2.1 Operating Expenses: During the first Contract Year, the Operating Expenses for the Demised Premises shall be Five Thousand Seventy Six and 00/100 Dollars ($5,076.00) per year, payable in monthly installments of Four Hundred Twenty Three and 00/100 Dollars ($423.00), for its proportionate share of "Operating Expenses" which are defined as follows: "Operating Expenses" shall mean the following costs and expenses incurred in operating, repairing, and maintaining the Common Facilities (as hereinafter defined) and shall include, without limitation, water service to the Building, sewer service to the Building, trash removal from the Building, costs incurred for gardening and landscaping, repairing and maintaining elevator(s), painting, janitorial services (except for areas within the Demised Premises), lighting, cleaning, striping, policing, removing garbage and other refuse and trash, removing ice and snow, repairing and maintaining sprinkler systems, water pipes, air-conditioning systems, temperature control systems, and security systems, fire alarm repair and maintenance and other equipment in the common areas and the exterior and structural portions of the Building, paving and repairing, patching and maintaining the parking areas and walkways, and cleaning adjacent areas, management fees and the City's employment expenses to employees furnishing and rendering any services to the common areas, together with an additional administration charge equal to fifteen percent (15%) of all other expenses included in the annual common area expenses, provided by the City for the common or joint use and/or benefit of the occupants of the Building, their employees, agents, servants, customers and other invitees. "Common Facilities" shall mean all Building areas, spaces, equipment, as well as certain services, available for use by or for the benefit of Tenant and/or its employees, agents, servants, volunteers, customers, guests and/or invitees. Tenant agrees and understands that the costs incurred for Operating Expenses may increase or decrease and, as such, Tenant's pro-rata share of Operating Expenses shall increase or decrease accordingly. 3 3.2.2 Property Taxes: The Property Tax Payment shall be payable by Tenant, in accordance with Section 11 herein. The estimated Property Tax Payment for the first Contract Year shall be based upon the 2013 Property Tax Payment, in the total sum of Nine Thousand Five Hundred Forty Two Dollars and 35/100 ($9,542.35), payable in monthly installments of Seven Hundred Ninety Five and 20/100 Dollars ($795.20). Notwithstanding the preceding, Tenant shall be responsible for paying any difference in the amount between the estimated Property Tax Payment and the actual property taxes. 3.2.3 Insurance: The Additional Rent shall also include Tenant's pro-rata share toward estimated insurance costs, determined by the City in its sole discretion an judgment, to be sufficient to self-insure the Demised Premises (Landlord Insurance). Tenant's pro-rata share of the Landlord Insurance cost for the first Contract Year shall be One Thousand One Hundred Forty Two Dollars and 16/100 ($1,142.16)1 payable in monthly installments of Ninety Five and 18/100 Dollars ($95.18). The Landlord Insurance cost may be adjusted periodically, in the City's sole discretion, during each anniversary of the Commencejment Date. This insurance coverage is in addition to the insurance required pursuant to Section 10, which shall be obtained at Tenant's sole expense and responsibility. 3.3 Percentage of Gross Derived From Cafe Space ("PGCS"): During the Term of this Lease Agreement, in the event that the amount equal to fifteen percent (15%) of Tenant's annual gross receipts derived from the use of the Cafe Space (PGCS) exceeds the total Base Rent and Additional Rent provided in Subsections 3.1 (as increased annually pursuant to Subsection 3.1.2) and 3.2 above which is proportionate to the Cafe Space (the "Cafe Space Proportionate Rent"), then Tenant shall also pay to the City within thirty (30) days of the anniversary of this Agreement, the difference between the amount of the PGCS and the Cafe Space Proportionate Rent, each year during the Term of this Agreement, including any renewal terms. The Cafe Space Proportionate Rent is hereby stipulated as the percentage which the square footage of the Cafe Space, which is 801 square feet (as contained in Section 1 of this Lease Agreement), bears to the total square footage of the Demised Premises, which is 1,269 square feet (as contained in Section 1 of this Lease Agreement). Accordingly, for purposes of this Subsection 3.3, the Cafe Space Proportionate Rent is 63.12% of the total Base Rent and Additional Rent provided in Subsections 3.1 (as increased annually pursuant to Subsection 3.1.2) and 3.2 above The term "gross receipts" is understood to mean all income collected or accrued, derived by Tenant under the privileges granted by this Lease 4 Agreement, excluding amounts of any Federal, State, or City sales tax, or other tax, governmental imposition, assessment, charge or expense of any kind, collected by Tenant from customers and required by law to be remitted to the taxing or other governmental authority. 3.3.1 Maintenance and Examination of Records. Tenant shall maintain current, accurate, and complete financial records on an accrual basis of accounting related to its operations pursuant to this Lease Agreement. Systems and procedures used to maintain these records shall include a system of internal controls and all accounting records shall be maintained in accordance with generally accepted accounting principles and shall be open to inspection and audit, but not photocopying, by the City Manager or his designee upon reasonable prior request and during normal business hours. Such records and accounts shall include a breakdown of gross receipts, expenses, and profit and loss statements, and such records shall be maintained as would be required by an independent CPA in order to audit a statement of annual gross receipts and profit and loss statement pursuant to generally accepted accounting principles. 3.3.2 Inspection and Audit for Cafe Space. Tenant shall maintain its financial records pertaining to its operations for a period of three (3) years after the conclusion of any contract year and such records shall be open and available to the City Manager or his designee, as deemed necessary by them. Tenant shall maintain all such records at its principal office, currently located at 1701 Meridian Avenue, Unit 4, Miami Beach, Florida 33139, or, if moved to another location, all such records shall be relocated, at Tenant's expense, to a location in Miami Beach, within ten (10) days' written notice from the City. The City Manager or his designee shall be entitled to audit Tenant's records pertaining to its operations as often as the City deems reasonably necessary throughout the Term of this Lease Agreement, and three (3) times within the three (3) year period following termination of this Lease Agreement, (regardless of whether such termination results from the natural expiration of the term or for any other reason). The City shall be responsible for paying all costs associated with such audits, unless the audit(s) reveals a deficiency of five (5%) percent or more in Tenant's statement of gross receipts for any year or years audited, in which case Tenant shall pay to the City, within thirty (30) days of the audit being deemed final (as specified below), the cost of the audit and a sum equal to the amount of the deficiency revealed by the audit, plus interest. The audit shall not be deemed final until Tenant has received the audit and has had a reasonable opportunity to review 5 the audit and discuss the audit with the City. These audits are in addition to periodic audits by the City of Resort Tax collections and payments, which are performed separately. Nothing contained within this Section shall preclude the City's audit rights for Resort Tax collection purposes. Tenant shall submit at the end of each contract year, an annual statement of gross receipts, in a form consistent with generally accepted accounting principles. Additionally, such statement shall be accompanied by a report from an independent CPA firm which shall perform certain agreed upon procedures, as described in the attached Exhibit 6. It is Tenant's intent to stay informed of comments and suggestions by the City regarding Tenant's performance under this Lease Agreement. Within thirty (30) days after the end of each contract year, Tenant and the City Manager or his designee may meet to review Tenant's performance under this Lease Agreement for the previous contract year. At the meeting, Tenant and City may discuss quality, operational, maintenance and any other issues regarding Tenant's performance under this Lease Agreement. 3.4 Sales Taxes. Concurrent with the payment of the Base Rent and Additional Rent as provided herein, Tenant shall also pay any and all sums for all applicable tax(es), including without limitation, sales and use taxes and Property Taxes, imposed, levied or assessed against the Demised Premises, or any other charge or payment required by any governmental authority having jurisdiction there over, even though the taxing statute or ordinance may purport to impose such tax against the City. 3.5 Enforcement. Tenant agrees to pay the Base Rent, Additional Rent, and any other amounts as may be due and payable by Tenant under this Agreement, at the time and in the manner provided herein, and should said rents and/or other additional amounts due herein provided, at any time remain due and unpaid for a period of fifteen (15) days after the same shall become due, the City may exercise any or all options available to it hereunder, which options may be exercised concurrently or separately, or the City may pursue any other remedies enforced by law. 6 4. Location for Payments. All rents or other payments due hereunder shall be paid to the City at the following address: City of Miami Beach Revenue Manager 1700 Convention Center Drive, 3�d Floor Miami Beach, Florida 33139 or at such other address as the City may, from time to time, designate in writing. 5. Parking. Tenant may request, at Tenant's cost, from the City's Parking Department, the use of no more than six (6) parking spaces, if available, within the Municipal Parking Garage. Rates for said spaces are subject to change, and are currently Seventy ($70.00) Dollars per month, plus applicable sales and use tax per space. 6. Security Deposit. Upon execution of this Agreement Tenant shall furnish the City with a Security Deposit, in the amount of Five Thousand and 00/100 Dollars ($5,000.00). Said Security Deposit shall serve to secure Tenant's performance in accordance with the provisions of this Agreement. In the event Tenant fails to perform in accordance with said provisions, the City may retain said Security Deposit, as well as pursue any and all other legal remedies provided herein, or as may be provided by applicable law. The parties agree and acknowledge that the foregoing condition is intended to be a condition subsequent to the City's approval of this Agreement. Accordingly, in the event that Tenant does not satisfy the aforestated, then the City Manager or his designee may immediately, without further demand or notice, terminate this Agreement without being prejudiced as to any remedies which may be available to him for breach of contract. 7. Use and Possession of Demised Premises. 7.1 Office Space: Approximately 468 square feet of the western portion of the Demised Premises shall be used by the Tenant solely for the purpose(s) of providing building plan and permit processing services (i.e. certificates of completion, certificates of occupancy, violation remediation, plan review, processing and expediting services, inspection management, special and 40 year inspections, fire and building compliance, permit administration, occupancy load calculations, special event permitting, and recording services). Tenant's uses and/or services provided in conjunction with the Office Space upon the Demised Premises may require Tenant to interact, from time to time, with City of Miami Beach officials and employees, acting in their regulatory 7 capacity. Notwithstanding the preceding, Tenant hereby represents and warrants to the City that it shall in no way, whether express or implied, give the impression that Tenant is in any way acting as an agent and/or representative of the City of Miami Beach, nor that, by virtue of this Agreement, Tenant derives any special benefit and/or consideration from the City (acting in its regulatory capacity) with regard to Tenant's provision of plan and permit processing services to third parties. Any violation of this Subsection 7.1 by Tenant shall be deemed as an automatic default under this Agreement and, notwithstanding any other provision set forth herein, shall entitle the City to automatically terminate this Agreement, without further notice to Tenant, and without liability to the City. Cafe Space: Approximately 801 square feet of the eastern portion of the Demised Premises shall be used by Tenant solely for the purpose(s) of operating a cafe. Tenant shall cook, prepare, or cause to be prepared, for sale within the Demised Premises, such cooked, prepared, and/or prepackaged foods, and such non- alcoholic beverages as those set forth in "Exhibit 7.1" (Menu), attached hereto and incorporated herein. 7.2 The Demised Premises shall be open for operation a minimum of five (5) days a week, with minimum hours of operation being as follows: Office Space: Monday - Friday: 7:00 AM to 5:00 PM Cafe Space: Monday - Friday: 7:00 AM to 5:00 PM Nothing herein contained shall be construed to authorize hours contrary to the laws governing such operations. Any change in the minimum days and/or hours of operation shall require the prior written consent of the City Manager; provided, however, that in no event shall the hours of operation extend earlier than 7:00 AM, or later than 11:00 PM. 7.3 It is understood and agreed that the Demised Premises shall be used by the Tenant during the Term of this Agreement only for the purpose(s)/use(s) set forth in Subsections 7.1 and 7.2 hereof, and for no other purpose(s) and/or use(s) whatsoever. Tenant will not make or permit any use of the Demised Premises that, directly or indirectly, is forbidden by law, ordinance or government regulation, or that may be dangerous to life, limb or property. Tenant may not commit (nor permit) waste on the Demised Premises; nor permit the use of the Demised Premises for any illegal purposes; nor commit a nuisance on the Demised Premises. In the event that the Tenant uses the Demised Premises (or otherwise allows the Demised Premises to be used) for any purpose(s) not expressly permitted herein, or permits and/or allows any prohibited use(s) as provided herein, then the City may declare this Agreement in default pursuant to Section 18 or, without notice to Tenant, restrain such improper use by injunction or other legal action. 8 8. Improvements. 8.1 Tenant accepts the Demised Premises in their present "AS IS" condition and may construct or cause to be constructed, such interior and exterior improvements and maintenance to the Demised Premises, as reasonably necessary for it to carry on its permitted use(s), as set forth in Section 7; provided, however, that any plans for such improvements shall be first submitted to the City Manager for his prior written consent, which consent, if granted at all, shall be at the City Manager's sole and absolute discretion. Additionally, any and all approved improvements shall be made at Tenant's sole expense and responsibility. All permanent (fixed) improvements to the Demised Premises shall remain the property of the City upon termination and/or expiration of this Agreement. Upon termination and/or expiration of this Agreement, all personal property and non-permanent trade fixtures may be removed by the Tenant from the Demised Premises, provided that they can be (and are) removed without damage to the Demised Premises. Tenant will permit no liens to attach to the Demised Premises arising from, connected with, or related to the design and construction of any improvements. Moreover, such construction shall be accomplished through the use of licensed, reputable contractors who are acceptable to the City. Any and all permits and or licenses required for the installation of improvements shall be the sole cost and responsibility of Tenant. 8.2 Notwithstanding Subsection 8.1, upon termination and/or expiration of this Agreement, and at City's sole option and discretion, any or all alterations or additions made by Tenant to or in the Demised Premises shall, upon written demand by the City Manager, be promptly removed by Tenant, at its expense and responsibility, and Tenant further hereby agrees, in such event, to restore the Demised Premises to their original condition prior to the Commencement Date of this Agreement. 8.3 The above requirements for submission of plans and the use of specific contractors shall not apply to improvements (which term, for purposes of this Subsection 8.3 only, shall also include improvements as necessary for Tenant's maintenance and repair of the Demised Premises) which do not exceed Five Hundred ($500.00) Dollars, provided that the work is not structural, and provided that it is permitted by applicable law. 8.4 Tenant Improvements. Tenant agrees to make certain improvements (the "Tenant Improvements") to the Demised Premises (valued by the parties at approximately Eighty Thousand Dollars and 00/100 ($80,000.00), as contained in "Exhibit 8.4" (Tenant Improvements), attached hereto and incorporated herein. The Tenant Improvements shall be made in accordance with the following timeline: 9 • Tenant shall obtain a building permit no later than one hundred eighty (180) days from the Commencement Date of this Agreement; • Tenant shall commence making the Tenant Improvements no later than forty five (45) days from the date the building permit is issued (the "Building Permit Date"); and • Tenant Improvements shall be completed, and Tenant shall obtain a Certificate of Occupancy (or Temporary Certificate of Occupancy, as the case may be) from the City's Building Department for said Tenant Improvements, no later than one hundred eighty (180) days from the date the building permit is obtained. Failure to comply with the timeline and complete the Tenant Improvements within the time period specified shall constitute an event of default hereunder. The times for performance related to the permitting and construction of the Tenant Improvements, as set forth in this Section 8.4, may be extended for good cause shown, upon request, in writing, to the City Manager, which extension by the City Manager (if approved) shall also be in writing and shall not be unreasonably withheld. 8.4.1 Tenant shall provide the City with proof that the contractor engaged for the construction of the Tenant Improvements has obtained the requisite insurance coverage, as set forth on the attached "Exhibit 8.4.1" (Contractor's Insurance Requirements), listing Tenant and the City as an additional insured thereunder. 9. City's Right of Entry. 9.1 The City Manager, and/or his authorized representatives, shall have the right to enter upon the Demised Premises at all reasonable times for the purpose of inspecting same; preventing waste; making such repairs as the City may consider necessary; and for the purpose of preventing fire, theft or vandalism. The City agrees that, whenever reasonably possible, it shall use reasonable efforts to provide notice (whether written or verbal), unless the need to enter the Demised Premises is an emergency, as deemed by the City Manager, in his sole discretion, which if not immediately addressed could cause property damage, loss of life or limb, or other injury to persons. Nothing herein shall imply any duty on the part of the City to do any work that under any provisions of this Agreement the Tenant may be required to perform, and the performance thereof by the City shall not constitute a waiver of the Tenant's default. 10 9.2 If the Tenant shall not be personally present to open and permit entry into the Demised Premises at any time, for any reason, and any entry thereon shall be necessary or permissible, the City Manager, and/or his authorized representatives, may enter the Demised Premises by master key, or may forcibly enter the Demised Premises without rendering the City or such agents liable therefore. 9.3 Tenant shall furnish the City with duplicate keys to all locks including exterior and interior doors prior to (but no later than by) the Commencement Date of this Agreement. Tenant shall not change the locks to the Demised Premises without the prior written consent of the City Manager, and in the event such consent is given, Tenant shall furnish the City with duplicate keys to said locks in advance of their installation. 10. Tenant's Insurance. 10.1 Tenant shall, at its sole expense and responsibility, comply with all insurance requirements of the City. It is agreed by the parties that Tenant shall not occupy the Demised Premises until proof of the following insurance coverages have been reviewed and approved by the City's Risk Manager: 10.1.1 Comprehensive General Liability, in the minimum amount of One Million ($1,000,000) Dollars (subject to adjustment for inflation) per occurrence for bodily injury and property damage. The City of Miami Beach must be named as an additional insured on this policy. 10.1.2 Workers Compensation and Employers Liability coverage in accordance with Florida statutory requirements. 10.1.3 All-Risk property and casualty insurance, written at a minimum of eighty (80%) percent of replacement cost value and with replacement cost endorsement, covering all leasehold improvements installed in the Demised Premises by or on behalf of Tenant and including without limitation all of Tenant's personal property in the Demised Premises (including, without limitation, inventory, trade fixtures, floor coverings, furniture, and other property removable by Tenant under the provisions of this Agreement). 10.1.4 Business interruption insurance sufficient to insure Tenant for no less than one (1) full year of loss of business, with the City named thereon as loss payee to the extent permitted by applicable law. 10.1.5 Any other form of insurance which Tenant or the City, acting reasonably, requires form time to time, in amounts, and for risks 11 ` 1 against which a prudent tenant would insure, but in any event not less than that carried by comparable restaurants/retail establishments in Miami-Dade County area. 10.1.6 Waiver of Subrogation. The City and Tenant each hereby waives on behalf of itself and its insurers (none of which shall ever be assigned any such claim or be entitled thereto due to subrogation or otherwise) any and all rights of recovery, claim, action, or cause of action, against the other, its agents, officers, or employees, for any loss or damage that may occur to the Demised Premises, or any improvements thereto or any improvements thereto, or any personal property of such party therein, by reason of fire, the elements, or any other causes which are, or could or should be insured against under the terms of the standard fire and extended coverage insurance policies referred to in this Lease, regardless of whether such insurance is actually maintained and regardless of the cause or origin of the damage involved, including negligence of the other party hereto, its agents, officers, or employees. The City and Tenant shall each obtain from their respective insurers, under all policies of fire, theft, public liability, worker's compensation, and other insurance maintained by either of them at any time during the term hereof insuring or covering the Retail Space or any portion thereof or operations therein, a waiver of all rights of subrogation which the insurer of one party might have against the other party, and the City and Tenant shall each indemnify, defend, and hold harmless the other against any loss or expense, including reasonable attorneys' fees (appellate or otherwise) resulting from the failure to obtain such waiver. 10.2 Proof of these coverages must be provided by submitting original certificates of insurance to the City's Risk Manager and Asset Manager respectively. All policies must provide thirty (30) days written notice of cancellation to both the City's Risk Manager and Asset Manager (to be submitted to the addresses set forth in Section 27 hereof). All insurance policies shall be issued by companies authorized to do business under the laws of the State of Florida and must have a rating of B+:VI or better per A.M. Best's Key Rating Guide, latest edition, and certificates are subject to the approval of the City's Risk Manager. 11. Property Taxes and Assessments. For the purposes of this Section and other provisions of this Agreement: 11.1 The term "Property Taxes" shall mean (i) real estate taxes, assessments, and special assessments of any kind which may be imposed upon the Demised Premises, and (ii) any expenses incurred by the City in obtaining a reduction of any such taxes or assessments. 12 11.2 The term "Property Tax Year" shall mean the period of twelve (12) calendar months, beginning on January 1s' of each year. 11.3 Tenant shall pay, as Additional Rent pursuant to Subsection 3.2, for such Property Tax Year an amount ("Property Tax Payment") equal to Tenant's pro-rata share of Property Taxes (if any) for such Property Tax Year; said pro-rata share to be determined by the City based upon the ratio of the Demised Premises to the tax lot. If a Property Tax Year ends after the expiration or termination of the term of this Agreement, the Property Tax Payment therefore shall be prorated to correspond to that portion of such Property Tax Year occurring within the term of this Agreement. The Property Tax Payment shall be payable by Tenant immediately upon receipt of notice from the City. A copy of the tax bill(s) or other evidence of such taxes issued by the taxing authorities, together with the City's computation of the Property Tax Payment, will be made available to Tenant once received from the taxing authorities, if requested by Tenant. Tenant shall pay any difference in the amount between the estimated property taxes and the actual property taxes to the City immediately, upon receipt of request for said payment from the City. 12. Assignment and Subletting. Tenant shall not have the right to assign or sublet the Demised Premises, in whole or in part, without the prior written consent of the City Manager, which consent, if granted at all shall be at the City Manager's sole and absolute discretion. Such written consent is not a matter of right and the City is not obligated to give such consent. If granted as provided herein, the making of any assignment or sublease will not release Tenant from any of its obligations under this Agreement. 13. Operation, Maintenance and Repair. 13.1 Tenant shall be solely responsible for the operation, maintenance and repair of the Demised Premises. Tenant shall, at its sole expense and responsibility, maintain the Demised Premises, and all fixtures and appurtenances therein, and shall make all repairs thereto, as and when needed, to preserve them in good working order and condition. Tenant shall be responsible for all interior walls and the interior and exterior of all windows and doors, as well as immediate replacement of any and all plate glass or other glass in the Demised Premises which may become broken, using glass of the same or better quality. The City shall be responsible for the maintenance of the roof, the exterior of the Building, the structural electrical and plumbing (other than plumbing surrounding any sink(s) and/or toilet(s), including such sink(s) and toilet(s) fixture(s), within the Demised Premises), the common areas and the chilled water supply system. The City shall maintain and/or repair those 13 items that it is responsible for, so as to keep same in proper working condition. If the City provides a separate air-conditioning unit for the Demised Premises, Tenant agrees and understands that Tenant shall be solely responsible for the maintenance, repair and replacement of the heating/ventilation/air-conditioning (HVAC) equipment servicing the Demised Premises, at Tenant's sole expense. Tenant further agrees and understands that, if the City provides a separate HVAC unit for the Demised Premises, the City, at its sole discretion, may require that Tenant obtain, at any time during the Term of this Agreement, and continuously maintain in good standing, at Tenant's expense, throughout the Term of this Agreement, a maintenance and repair contract, approved by the City, with a service company previously approved in writing by the City, providing for the preventative maintenance and repair of all HVAC equipment servicing the Demised Premises. In the event that the City notifies Tenant that it will require Tenant to contract for said maintenance and repair services, Tenant shall provide to the City, in writing, within ten (10) business days, the name(s) and telephone number(s) of service company(ies) for the City's review and approval. Tenant shall provide a copy of a current, enforceable and fully executed maintenance and repair contract, no later than ten (10) business days after receipt of the City's approval of the service company, as proof of Tenant's compliance with this provision. 13.2 All damage or injury of any kind to the Demised Premises, and including without limitation its fixtures, glass, appurtenances, and equipment (if any), or to the building fixtures, glass, appurtenances, and equipment, if any, except damage caused by the gross negligence and/or willful misconduct of the City, shall be the sole obligation of Tenant, and shall be repaired, restored or replaced promptly by Tenant, at its sole expense and to the satisfaction of the City. 13.3 All of the aforesaid repairs, restorations and replacements shall be in quality and class equal to or better than the original work or installations and shall be done in good and workmanlike manner. 13.4 If Tenant fails to make such repairs or restorations or replacements, the same may be made by the City, at the expense of Tenant, and all sums spent and expenses incurred by the City shall be collectable by the City and shall be paid by Tenant within three (3) days after submittal of a bill or statement therefore. 13.5 It shall be Tenant's sole obligation and responsibility to insure that any renovations, repairs and/or improvements made by Tenant to the Demised 14 Premises comply with all applicable building codes and life safety codes of governmental authorities having jurisdiction. 13.6 Tenant Responsibilities for Utilities (not included within Operating Expenses). Tenant is solely responsible for, and shall promptly pay when due all charges for electricity, gas, cable, telephone, internet, janitorial garage service and any other utility service provided to the Demised Premises, including, without limitation, all hook-up fees and impact fees, NOT included as an Operating Expense (pursuant to Subsection 3.2.1). In addition to other rights and remedies hereinafter reserved to the City, upon the failure of Tenant to pay for such utility services (as contemplated in this Subsection 13.6) when due, the City may elect, at its sole discretion, to pay same, whereby Tenant agrees to promptly reimburse the City upon demand. In no event, however, shall the City be liable, whether to Tenant or to third parties, for an interruption or failure in the supply of any utilities or services to the Demised Premises. 13.7 TENANT HEREBY ACKNOWLEDGES AND AGREES THAT THE DEMISED PREMISES ARE BEING LEASED IN THEIR PRESENT "AS IS" CONDITION. 14. Governmental Regulations. Tenant covenants and agrees to fulfill and comply with all statutes, ordinances, rules, orders, regulations, and requirements of any and all governmental bodies, including but not limited to Federal, State, Miami-Dade County, and City governments, and any and all of their departments and bureaus applicable to the Demised Premises, and shall also comply with and fulfill all rules, orders, and regulations for the prevention of fire, all at Tenant's own expense and responsibility. Tenant shall pay all cost, expenses, claims, fines, penalties, and damages that may be imposed because of the failure of Tenant to comply with this Section, and shall indemnify and hold harmless the City from all liability arising from each non-compliance. 15. Liens. Tenant will not permit any mechanics, laborers, or materialman's liens to stand against the Demised Premises or improvements for any labor or materials to Tenant or claimed to have been furnished to Tenant's agents, contractors, or sub-tenants, in connection with work of any character performed or claimed to have performed on said Premises, or improvements by or at the direction or sufferance of the Tenant; provided however, Tenant shall have the right to contest the validity or amount of any such lien or claimed lien. In the event of such contest, Tenant shall give the City reasonable security as may be demanded by the City to insure payment thereof and prevent sale, foreclosure, or 15 forfeiture of the Premises or improvements by reasons of such non-payment. Such security need not exceed one and one half (1%) times the amount of such lien or such claim of lien. Such security shall be posted by Tenant within ten (10) days of written notice from the City, or Tenant may "bond off' the lien according to statutory procedures. Tenant will immediately pay any judgment rendered with all proper costs and charges and shall have such lien released or judgment satisfied at Tenant's own expense. 16. Intentionally Omitted. 17. Condemnation. 17.1 If at any time during the Term of this Agreement (including any renewal term hereunder) all or any part or portion of the Demised Premises is taken, appropriated, or condemned by reason of Eminent Domain proceedings, then this Agreement shall be terminated as of the date of such taking, and shall thereafter be completely null and void, and neither of the parties hereto shall thereafter have any rights against the other by reason of this Agreement or anything contained therein, except that any rent prepaid beyond the date of such taking shall be prorated to such date, and Tenant shall pay any and all rents, additional rents, utility charges, and/or other costs for which it is liable under the terms of this Agreement, up to the date of such taking. 17.2 Except as hereunder provided, Tenant shall not be entitled to participate in the proceeds of any award made to the City in any such Eminent Domain proceeding, excepting, however, Tenant shall have the right to claim and recover from the condemning authority, but not from the City, such compensation as may be separately awarded or recoverable by Tenant in Tenant's own right on account of any and all damage to Tenant's business by reasons of the condemnation and for or on account of any cost or loss which Tenant might incur in removing Tenant's furniture and fixtures. 18. Default. 18.1 Default by Tenant: At the City's option, any of the following shall constitute an Event of Default under this Agreement: 18.1.1 The Base Rent, Additional Rent, or any other amounts as may be due and payable by Tenant under this Agreement, or any installment thereof, is not paid promptly when and where due, and Tenant shall not have cured such failure within five (5) days after receipt of written notice from the City specifying such default; 18.1.2 The Demised Premises shall be deserted, abandoned, or vacated; 16 18.1.3 Tenant shall fail to comply with any material term, provision, condition or covenant contained herein other than the payment of rent and shall not cure such failure within thirty (30) days after the receipt of written notice from the City specifying any such default; or such longer period of time acceptable to the City, at its sole discretion; 18.1.4 Receipt of notice of violation from any governmental authority having jurisdiction dealing with a law, code, regulation, ordinance or the like, which remains uncured for a period of thirty (30) days from its issuance, or such longer period of time as may be acceptable and approved in writing by the City Manager, at his sole discretion; 18.1.5 Any petition is filed by or against Tenant under any section or chapter of the Bankruptcy Act, as amended, which remains pending for more than sixty (60) days, or any other proceedings now or hereafter authorized by the laws of the United States or of any state for the purpose of discharging or extending the time for payment of debts; 18.1.6 Tenant shall become insolvent; 18.1.7 Tenant shall make an assignment for benefit of creditors; 18.1.8 A receiver is appointed for Tenant by any court and shall not be dissolved within thirty (30) days thereafter; or 18.1.9 The leasehold interest is levied on under execution; or 18.1.10 A default under the Concession Agreement (as such agreement is referenced in Subsection 1.1 of this Agreement). 19. Rights on Default. 19.1 Rights on Default: In the event of any default by Tenant as provided herein, City shall have the option to do any of the following, in addition to and not in limitation of, any other remedy ermitted b law or this Agreement; Y Y Y 9 19.1.1 Terminate this Agreement, in which event Tenant shall immediately surrender the Demised Premises to the City, but if Tenant shall fail to do so the City may, without further notice, and without prejudice to any other remedy the City may have for possession or arrearages in rent or damages for breach of contract, enter upon the Demised Premises and expel or remove Tenant and its effects in accordance with law, without being liable for prosecution or any claim for damages therefore, and Tenant agrees to indemnify and 17 hold harmless the City for all loss and damage which the City may suffer by reasons of such Agreement termination, whether through inability to re-let the Demised Premises, or otherwise. 19.1.2 Declare the entire amount of the Base Rent and Additional Rent which would become due and payable during the remainder of the term of this Agreement to be due and payable immediately, in which event Tenant agrees to pay the same at once, together with all rents therefore due, at the address of the City, as provided in the Notices section of this Agreement; provided, however, that such payment shall not constitute a penalty, forfeiture, or liquidated damage, but shall merely constitute payment in advance of the rents for the remainder of said term and such payment shall be considered, construed and taken to be a debt provable in bankruptcy or receivership. 19.1.3 Enter the Demised Premises as the agent of Tenant, by force if necessary, without being liable to prosecution or any claim for damages therefore; remove Tenant's property there from; and re-let the Demised Premises, or portions thereof, for such terms and upon such conditions which the City deems, in its sole discretion, desirable, and to receive the rents therefore, and Tenant shall pay the City any deficiency that may arise by reason of such re-letting, on demand at any time and from time to time at the office of the City; and for the purpose of re-letting, the City may (i) make any repairs, changes, alterations or additions in or to said Demised Premises that may be necessary or convenient; (ii) pay all costs and expenses therefore from rents resulting from re-letting; and (iii) Tenant shall pay the City any deficiency as aforesaid. 19.1.4 Take possession of any personal property owned by Tenant on said Demised Premises and sell the same at public or private sale, and apply same to the payment of rent due, holding Tenant liable for the deficiency, if any. 19.1.5 It is expressly agreed and understood by and between the parties hereto that any installments of rent accruing under the provisions of this Agreement which shall not be paid when due shall be subject to a late charge of Fifty and 00/100 ($50.00), plus interest at the rate of eighteen (18%) percent per annum, or the maximum amount allowable under Florida law, whichever is lesser, from the due date of payment until such time as payment is actually received by the City. Any failure on the City's behalf to enforce this Section shall not constitute a waiver of this provision with respect to future accruals of past due rent. 18 19.1.6 If Tenant shall default in making any payment of monies to any person or for any purpose as may be required hereunder, the City may pay such expense but the City shall not be obligated to do so. Tenant, upon the City's paying such expense, shall be obligated to forthwith reimburse the City for the amount thereof. All sums of money payable by Tenant to the City hereunder shall be deemed as rent for use of the Demised Premises and collectable by the City from Tenant as rent, and shall be due from Tenant to the City on the first day of the month following the payment of the expense by the City. 19.1.7 The rights of the City under this Agreement shall be cumulative but not restrictive to those given by law and failure on the part of the City to exercise promptly any rights given hereunder shall not operate to waive or to forfeit any of the said rights. 19.2 Default by City: The failure of the City to perform any of the covenants, conditions and agreements of this Agreement which are to be performed by the City and the continuance of such failure for a period of thirty (30) days after notice thereof in writing from Tenant to the City (which notice shall specify the respects in which Tenant contends that the City failed to perform any such covenant, conditions and agreements) shall constitute a default by the City, unless such default is one which cannot be cured within thirty (30) days because of circumstances beyond the City's control, and the City within such thirty (30) day period shall have commenced and thereafter shall continue diligently to prosecute all actions necessary to cure such defaults. However, in the event the City fails to perform within the initial thirty (30) day period provided above, and such failure to perform prevents Tenant from operating its business in a customary manner and causes an undue hardship for Tenant, then such failure to perform (regardless of circumstances beyond its control) as indicated above, shall constitute a default by the City. 19.3 Tenant's Rights on Default: If an event of the City's default shall occur, Tenant, to the fullest extent permitted by law, shall have the right to pursue any and all remedies available at law or in equity, including the right to sue for and collect damages, including reasonable attorney fees and costs, to terminate this Agreement; provided however, that Tenant expressly acknowledges and agrees that any recovery by Tenant shall be limited to the amount set forth in Section 32 of this Agreement. 19 20. Indemnity Against Costs and Charges. 20.1 Tenant shall be liable to the City for all costs and charges, expenses, reasonable attorney's fees, and damages which may be incurred or sustained by the City, by reason of Tenant's breach of any of the provisions of this Agreement. Any sums due the City under the provisions of this item shall constitute a lien against the interest of the Tenant and the Demised Premises and all of Tenant's property situated thereon to the same extent and on the same conditions as delinquent rent would constitute a lien on said premises and property. 20.2 If Tenant shall at any time be in default hereunder, and if the City shall deem it necessary to engage an attorney to enforce the City's rights and Tenant's obligations hereunder, Tenant will reimburse the City for the reasonable expenses incurred thereby, including, but not limited to, court costs and reasonable attorney's fees, whether suit be brought or not and if suit be brought, then Tenant shall be liable for expenses incurred at both the trial and appellate levels. 21. Indemnification Against Claims. 21.1 Tenant shall indemnify and save the City harmless from and against any and all claims or causes of action (whether groundless or otherwise) by or on behalf of any person, firm, or corporation, for personal injury or property damage occurring upon the Demised Premises or upon any other land or other facility or appurtenance used in connection with the Demised Premises, occasioned in whole or in part by any of the following: 21.1.1 An act or omission on the part of Tenant, or any employee, agent, contractor, invitee, guest, assignee, sub-tenant or subcontractor of Tenant; 21.1.2 Any misuse, neglect, or unlawful use of the Demised Premises by Tenant, or any employee, agent, contractor, invitee, guest, assignee, sub-tenant or subcontractor of Tenant; 21.1.3 Any breach, violation, or non-performance of any undertaking of Tenant under this Agreement; 21.1.4 Anything growing out of the use or occupancy of the Demised Premises by Tenant or anyone holding or claiming to hold through or under this Agreement. 21.2 Tenant agrees to pay all damages to the Demised Premises and/or other facilities used in connection therewith, caused by Tenant or any employee, agent, contractor, guest, or invitee of Tenant. 20 22. Signs and Advertising_ Without the prior written consent of the City Manager, which consent, if given at all, shall be at the City Manager's sole and absolute discretion, Tenant shall not permit the painting and display of any signs, plaques, lettering or advertising material of any kind on or near the Demised Premises. All additional signage shall comply with signage standards established by the City and comply with all applicable building codes, and any other municipal, County, State and Federal laws. 23. Effect of Conveyance. The term "City" and/or "Landlord" as used in the Agreement means only the owner for the time being of the land and building containing the Demised Premises, so that in the event of any sale of said land and building, or in the event of a lease of said building, the City shall be and hereby is entirely freed and relieved of all covenants and obligations of the City hereunder, and it shall be deemed and construed without further agreement between the parties, or between the parties and the purchaser at such sale, or the lease of this building, that the purchaser or Tenant has assumed and agreed to carry out all covenants and obligations of the City hereunder. 24. Damage to the Demised Premises. 24.1 If the Demised Premises shall be damaged by the elements or other casualty not due to Tenant's negligence, or by fire, but are not thereby rendered untenantable, as determined by the City Manager, in his sole discretion, in whole or in part, and such damage is covered by the City's insurance, if any, (hereinafter referred to as "such occurrence"), the City, shall, as soon as possible after such occurrence, utilize the insurance proceeds to cause such damage to be repaired and the Rent (Base Rent and Additional Rent) shall not be abated. If by reason of such occurrence, the Demised Premises shall be rendered untenantable, as determined by the City Manager, in his sole discretion, only in part, the City shall as soon as possible utilize the insurance proceeds to cause the damage to be repaired, and the Rent meanwhile shall be abated proportionately as to the portion of the Demised Premises rendered untenantable; provided however, that the City shall promptly obtain a good faith estimate of the time required to render the Demised Premises tenantable and if such time exceeds sixty (60) days, either party shall have the option of canceling this Agreement. 24.2 If the Demised Premises shall be rendered wholly untenantable by reason of such occurrence, the City shall have the option, but not the obligation, in its sole discretion, to utilize the insurance proceeds to cause such damage to be repaired and the Rent meanwhile shall be abated. However, the City shall have the right, to be exercised by notice in writing delivered to Tenant within sixty (60) days from and after said occurrence, to elect not to reconstruct the destroyed Demised Premises, and in such event, 21 this Agreement and the tenancy hereby created shall cease as of the date of said occurrence, the Rent to be adjusted as of such date. If the Demised Premises shall be rendered wholly untenantable, Tenant shall have the right, to be exercised by notice in writing, delivered to the City within thirty (30) days from and after said occurrence, to elect to terminate this Agreement, the Rent to be adjusted accordingly. Notwithstanding any clause contained in this Section 24, if the damage is not covered by the City's insurance, then the City shall have no obligation to repair the damage, but the City shall advise Tenant in writing within thirty (30) days of the occurrence giving rise to the damage and of its decision not to repair, and the Tenant may, at any time thereafter, elect to terminate this Agreement, and the Rent shall be adjusted accordingly. 25. Quiet Enjoyment. Tenant shall enjoy quiet enjoyment of the Demised Premises and shall not be evicted or disturbed in possession of the Demised Premises so long as Tenant complies with the terms of this Agreement. 26. Waiver. 26.1 It is mutually covenanted and agreed by and between the parties hereto that the failure of the City to insist upon the strict performance of any of the conditions, covenants, terms or provisions of this Agreement, or to exercise any option herein conferred, will not be considered or construed as a waiver or relinquishment for the future of any such conditions, covenants, terms, provisions or options but the same shall continue and remain in full force and effect. 26.2 A waiver of any term expressed herein shall not be implied by any neglect of the City to declare a forfeiture on account of the violation of such term if such violation by continued or repeated subsequently and any express waiver shall not affect any term other than the one specified in such waiver and that one only for the time and in the manner specifically stated. 26.3 The receipt of any sum paid by Tenant to the City after breach of any condition, covenant, term or provision herein contained shall not be deemed a waiver of such breach, but shall be taken, considered and construed as payment for use and occupation, and not as Rent, unless such breach be expressly waived in writing by the City. 22 27. Notices. The addresses for all notices required under this Agreement shall be as follows, or at such other address as either party shall be in writing, notify the other: LANDLORD: City Manager City of Miami Beach 1700 Convention Center Drive Miami Beach, Florida 33139 With copy to: Director Office of Real Estate City of Miami Beach 1700 Convention Center Drive Miami Beach, Florida 33139 TENANT: Damian J. Gallo, President Damian J. Gallo & Associates, Inc. 1701 Meridian Avenue, Unit 4 Miami Beach, Florida 33139 All notices shall be hand delivered and a receipt requested, or by certified mail with Return receipt requested, and shall be effective upon receipt. 28. Entire and Binding Agreement. This Agreement contains all of the agreements between the parties hereto, and it may not be modified in any manner other than by agreement in writing signed by all the parties hereto or their successors in interest. The terms, covenants and conditions contained herein shall inure to the benefit of and be binding upon the City and Tenant and their respective successors and assigns, except as may be otherwise expressly provided in this Agreement. 29. Provisions Severable. If any term or provision of this Agreement or the application thereof to any person or circumstance shall, to any extent, be invalid or unenforceable, the remainder of this Agreement, or the application of such term or provision to persons or circumstances other than those as to which it is held invalid or unenforceable, shall not be affected thereby and each term and provision of this Agreement shall be valid and be enforced to the fullest extent permitted by law. 30. Captions. The captions contained herein are for the convenience and reference only and shall not be deemed a part of this Agreement or construed as in any manner limiting or amplifying the terms and provisions of this Agreement to which they relate. 23 31. Number and Gender. Whenever used herein, the singular number shall include the plural and the plural shall include the singular, and the use of one gender shall include all genders. 32. Limitation of Liability. The City desires to enter into this Agreement only if in so doing the City can place a limit on the City's liability for any cause of action for money damages due to an alleged breach by the City of this Agreement, so that its liability for any such breach never exceeds the sum of Ten Thousand ($10,000.00) Dollars. Tenant hereby expresses its willingness to enter into this Agreement with Tenant's recovery from the City for any damage action for breach of contract to be limited to a maximum amount of $10,000.00. Accordingly, and notwithstanding any other term or condition of this Agreement, Tenant hereby agrees that the City shall not be liable to Tenant for damage in an amount in excess of $10,000.00 for any action or claim for breach of contract arising out of the performance or non-performance of any obligations imposed upon the City by this Agreement. Nothing contained in this Section or elsewhere in this Agreement is in any way intended to be a waiver of the limitation placed upon the City's liability as set forth in Florida Statutes, Section 768.28. 33. Surrender of the Demised Premises. Tenant shall, on or before the last day of the Term herein demised, or the sooner termination thereof, peaceably and quietly leave, surrender and yield upon to the City the Demised Premises, together with any and all equipment, fixtures, furnishings, appliances or other personal property, if any, located at or on the Demised Premises and used by Tenant in the maintenance, management or operation of the Demised Premises, excluding any trade fixtures or personal property, if any, which can be removed without material injury to the Demised Premises, free of all liens, claims and encumbrances and rights of others or broom-clean, together with all structural changes, alterations, additions, and improvements which may have been made upon the Demised Premises, in good order, condition and repair, reasonable wear and tear excepted, subject, however, to the subsequent provisions of this Section. Any property which pursuant to the provisions of this Section is removable by Tenant on or at the Demised Premises upon the termination of this Agreement and is not so removed may, at the option of the City, be deemed abandoned by Tenant, and either may be retained by the City as its property or may be removed and disposed of at the sole cost of the Tenant in such manner as the City may see fit. If the Demised Premises and personal property, if any, be not surrendered at the end of the Term as provided in this Section, Tenant shall make good the City all damages which the City shall suffer by reason thereof, and shall indemnify and hold harmless the City against all claims made by any succeeding tenant or purchaser, so far as such delay is occasioned by the failure of Tenant to surrender the Demised Premises as and when herein required. 24 34. Time is of the Essence. Time is of the essence in every particular and particularly where the obligation to. pay money is involved. 35. Venue: This Agreement shall be deemed to have been made and shall be construed and interpreted in accordance with the laws of the State of Florida. This Agreement shall be enforceable in Miami-Dade County, Florida, and if legal action is necessary by either party with respect to the enforcement of any and all the terms or conditions herein, exclusive venue for the enforcement of same shall lie in Miami-Dade County, Florida. CITY AND TENANT HEREBY KNOWINGLY AND INTENTIONALLY WAIVE THE RIGHT TO TRIAL BY JURY IN ANY ACTION OR PROCEEDING THAT THE CITY AND TENANT MAY HEREIN AFTER INSTITUTE AGAINST EACH OTHER WITH RESPECT TO ANY MATTER ARISING OUT OF OR RELATED TO THIS AGREEMENT. 36. Radon is a naturally occurring radioactive gas that, when it is accumulated in a building in sufficient quantities, may present health risks to persons who are exposed to it over time. Levels of Radon that exceed Federal and State guidelines have been found in buildings in Florida. Additional information regarding Radon and Radon testing may be obtained from your County Public Health Unit. 37. No Dangerous Materials. Tenant agrees not to use or permit in the Demised Premises the storage and/or use of gasoline, fuel oils, diesel, illuminating oils, oil lamps, combustible powered electricity producing generators, turpentine, benzene, naphtha, propane, natural gas, or other similar substances, combustible materials, or explosives of any kind, or any substance or thing prohibited in the standard policies of fire insurance companies in the State of Florida. Any such substances or materials found within the Demised Premises shall be immediately removed. Tenant shall indemnify and hold the City harmless from any loss, damage, cost, or expense of the City, including, without limitation, reasonable attorney's fees, incurred as a result of, arising from, or connected with the placement by Tenant of any "hazardous substance" or "petroleum products" on, in or upon the Demised Premises as those terms are defined by applicable Federal and State Statute, or any environmental rules and environmental regulations promulgated thereunder. The provisions of this Section 37 shall survive the termination or earlier expiration of this Agreement. 38. Termination of Existing Lease. The City and Tenant are parties to an existing Lease Agreement for the Demised Premises dated July 30, 2003; as amended by a Consent to Assignment and First Amendment dated January 11, 2006; as amended by a Second Amendment 25 to Lease Agreement dated May 13, 2009; as amended by a Consent to Assignment and Assumption of Lease Agreement dated May 13, 2009, (collectively, the "Existing Lease"). Upon execution of this Agreement by the parties, the Existing Lease shall be deemed terminated and of no further force or effect. Such termination shall also be deemed to apply retroactively, as of 11:59 P.M. on November 30, 2013 ("Existing Lease Termination Date"), as if said time and date were set forth in the Existing Lease as the lease expiration date of the term. Tenant shall pay to the City any and all Base Rent, Additional Rent, and any and . all sums due to the City pursuant to the Existing Lease that are or will be due to the City as of the Existing Lease Termination Date. Tenant agrees to pay such amount due within ten (10) days of receiving an invoice from the City. In the event Tenant fails to pay such amount due within ten (10) days of receiving an invoice from the City, such failure, at the election of the City, may be deemed a default of this Lease Agreement and the City shall, in addition to any and all remedies available to the City at law or in equity, be entitled to all of the remedies specially provided in this Lease Agreement. The City shall transfer the security deposit, in the amount of $5,000.00, from the Existing Lease (as contained in Section 8 of the Second Amendment to Lease Agreement) to this Agreement; such amount of $5,000.00 being required as Security Deposit under Section 6 of this Agreement. REMAINDER OF PAGE INTENTIONALLY LEFT BLANK 26 IN WITNESS WHEREOF, the parties hereto have caused their names to be signed and their seals to be affixed, all as of the day and year first above written, indicating their agreement. Attest: CITY OF MIAMI BE ORIDA R ael Granado, CITY CL P Ili ne, MAYOR .-9 . :INCORP ORATED Attest: I, cry DAMI ' 'J. ALLO & A IATES, INC. ,--�-3 2 Signa / ate Secretary Dam n l Gaflo, 15RESITT Print Name C/Al. Sig Print Name APPROVED AS TO CORM-&LANGUAGE $FOR CUTION r CORPORATE SEAL (affix seal here) i me Date F:\RHCD\$ALL\ECON\$ALL\ASSET\777-17th Street\Permit Doctor_Damian Gallo\Damian J Gallo Lease Agreement DRAFT(10- 8-13).docx 27 EXHIBIT 1 Demised Premises Room ELECTRICAL ROOM UNIT 4 TORAGE UNIT 3 LLJ cr 'Z ul cn CD U) UNIT 2 :z w ui —j Xl w —I:z z Lu —j LU z UNIT 1 .4. <0 wr 7 COMMON ELEMENTS STAIRS ELE OR 7 AREA UNIT 1=1,326.78 S/F AREA UNIT 2=1,802.89 S/F 0 wo 200 AREA UNIT 3=1,290.59 S/F SCALE AREA UNIT 4--1,268.87 S/F SURVEYOR'S NOTE DETAILS OF INTERIORS WALLS WERE BASED IN ORIGINAL DRAVANGS AND BES INFORMATION OBTAIN FROM MEW SURVEY First Floor Plan Prepared by. 1701 MERIDIAN BUILDING CONDOMINIUM -V ve. Page 4 of 9 "7z; Exhibit"B" 41-1712007 28 EXHIBIT 1 .1 Concession Agreement 29 EXHIBIT 1 s Layout i � 1►141f��1!►i{ 111111 �III!!Iilllllfl!I�II!Illl� �{�i!►i!111jIIl ; ��\� , �` I f ;� it I `, ;� I�� '�. { \0 t� P !14 )I i � �\ � I / � IIlII I I I I llill� �'li I!L`� I Q.\ I /r " I II III \\ f i I I I 1'\ �� �� / j '�f II\ I �. I :�' I { { f I�'- —– — - — - — - — - — - — - x\'L CONCESSIONS I r 101 liII !OFFICE SPACE CAFE SPACE SPACE 102 1 103 1 IIi III I ! \ � r � �I I 1' I�'.� I ti II I l f I I 1! I e � .��.�\ �. - _ / �Iil_��L� _I� I l-L.- �h _LIIaI'I _LLI�-�1 IL.Il�ILI,_�l. X LEGEND OFFICE SPACE CAFE SPACE CONCESSIONS SPACE 17TH STREET 30 EXHIBIT 7.1 Menu Soups Lighting Paninis Melting Pot OUR SOUPS ARE MADE WITH THE FERESHES PANINIS ARE MADE WITH FRESH LOCAL BREADS FRESH GRILLED SANDWICH TO SATISFIED YOUR INGRIDIENTS USING LOCAL FARMERS,ORGANIC BAKED DAILY AND VERYFAST SERVED TO YOU. TRADITIONS IN OUR CHOICE OF FRESH ORGANIC BEANS IVEGETABLES AND FREE OFPESTESIDES. Al(include our Joe's avocado air fries BREADS AND CROISSANTS French Riviera Beach caramelize 4.00 Chicken tenders and Tomato Ruben up! 8.00 onion soup chutney 10.00 Lean Corn beef,barrel Kraut,Swiss,Russian Neutral stock base,with Caramelize Vidalia Grilled chicken with adoho and lettuce and dressing,Pumpernickel bread onions. tomato spread served our French baguettes. Vegetarian vegan Black moon 3.00 The oriental black bean soup 4.00 Cuban twist 11.00 grilled Portobello,zucchini,onions lettuce Black beans and a touch of Cuban seasoned. Serrano Ham,slow sous vide pull pork,fried tomato,romaine and chipotle dressing flat Candy cream of tomato soup 4.00 pickles,French mustard,Swiss chesses bread . Slow roasted plum Tomato with Italian herbs. Chicken Poblano 10.00 Permitdoctor Chicken club'" 8.00 Grilled chicken special spice sauce with What the Doctor order,chicken,berries,kale, Twice Baked potato soup 4.00 romaine lettuce and tomatoes,Chihuahua and low fat cheese in our whole wheel bread, Baked potato with smoked cherry wood flavor, chesses Flat bread no oil dressing spuma Italian de Parma 11.00 Una media Noche Croissant 10.00 Crispy prosciutto di Parma,provolone,sun- Sliced ham,roast pork,Swiss cheese,pickles, Salads dried plum tomato,pesto lettuce,olives sweet Cuban bread CRISPY DOUBLE WASH SALADS WITH ORGANIC Focaccia bread all sandwich served with air fries and Joe's TOMATOES AND FRUITS BBQ pull pork Sous Vide 10.00 avocado fries"' Chicken I`Mbbean style 6.00 Slow over night cooking pork with our south Coffee and more Baby Romains,croutons avocados Caesar. stout BBQ sauce sharp cheddar cheese. Our Costa Rica Honduras blends , South Beach Sunrise 6.00 You said Cooffe Cafe 3.00 Berries and Tomatoes mix lettuce French Low-Fat smoothies dressing and sliced almonds. Our blend served with cane sugar FRESH FRUITS AND VEGETABLES SMOOTHIES Ocean Drive seafood salad 7.00 AND SUPER BUSTERS UM,INDULGENT TOO! Coffee frappe 4.00 Baby shrimp,scallops tossed with romaine Sunshine Earl birds 500 Double fuel strength coffee,chilled,flavored Early lettuce Thai dressing with�vamlla,hazelnuts,whipped cream. Raspberries,blue and bananas agave. Indulgent Chai Tea 3,00 NOS oxide energy 5.00 Vanilla,ginger,cinnamon,cloves and Citrus Kombucha.Ginger,coconut,kale cardamom Bahnana Mama 5.00 Avocado.Banana and pickled ginger 31 EXHIBIT 8.4 Tenant Improvements OF ANT wJri TRAS.ROOr oG - Jt l'd 1T' SO L' 17 LtIMnom '.. L 101 1 I \ 1 ♦ .^::-�r:-:•I / f we MAta"RD - UL9K .r r, I I ` +a ST i 1 1V1!-_-Cr71 �l , ,\ _ LJ 1 I I , \ 1 flu"I do j r y I I �� _-rf .: •1 JEW V A I �I► , tv i r I I .yya.°{Jg % f-• I ± IC iI! _ .._l 1 1 325 W� 1.--,• � ti ; '��\ -L� t. A 1 Yg CO.,NIER 1 :-1 O.nu :L I� I / CONCP.SLIDIS 6'd YlN tll� � LP�CC t/lIERIOR SGIPQ•7] , PASSAGC I .OE I LIIERIOR LCATPA•:6 '11'A},IC 1R.t• TOiµOGTO•10 l+•t0 I OUISTINt.WALL 1 I Curing I ®MEYY PPRTnWNIIr•lL 1"a1lKV1AT� I ALL UOC ICOOt10A. ENOJECRON Of All LCRVICL IIJ.W. RODE TPk"ROOM LNYI OL EIRE SPRIRK.EREO 177.,STREET 32 EXHIBIT 8.4.1 Contractor's Insurance Requirements Worker's compensation insurance covering all employees of the Contractors (as required by the laws of the State of Florida) and employer's liability insurance of not less than One Million Dollars ($ 1,000,000) per occurrence. Comprehensive general liability insurance in an amount of not less than One Million Dollars ($1,000,000) per occurrence and Two Million Dollars ($2,000,000) annual aggregate covering personal injury and property damage. Such coverage shall include, but not be limited to, the following: i. Blanket contractual liability insurance covering all indemnity or hold harmless agreements. ii. Protective liability insurance for the operation of the Independent Contractors. iii. XCU coverage (explosion, collapse or damage to underground property). iv. Products and completed operations (for two (2) year extension beyond completion of project). Comprehensive automobile insurance in an amount of not less than Two Million Dollars ($2,000,000) combined single limit for bodily injury and property damage covering all owned, non-owned or hired vehicles, trailers or semi-trailers, including any machinery or apparatus attached thereto. .3. Builder's Risk Insurance (standard "All Risk" or equivalent coverage) in an amount not less than the cost of construction, written on a completed value basis or a reporting basis, for property damage protecting BGCM-D, City, and BGCM-D's General Contractor, with a deductible of not more than Fifty Thousand Dollars ($50,000), subject to adjustment for inflation (except as to flood and windstorm, with regard to which the deductible shall be a commercially reasonable amount). 4. Payment and Performance bond guaranteeing the performance of the general contractor, for the value of the work to be performed. 33