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RESOLUTION 90-19975 RESOLUTION NO. 90-19975 A RESOLUTION AUTHORIZING EXECUTION OF LEASE AGREEMENT WITH EXECUTIVE PROMOTIONS, INC. FOR THE USE OF HALLS C AND D OF THE MIAMI BEACH CONVENTION CENTER JULY 15-27, 1991. WHEREAS, the City Commission of the City of Miami Beach, Florida, has been advised that EXECUTIVE PROMOTIONS, 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 JULY 15-27, 1991 for the event known as MIAMI SUMMER BOAT SHOW AND WHEREAS, an appropriate lease agreement has been prepared by the Stephen Muss 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 Stephen Muss 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 9th day of May , 19 90 MAYOR Attest: /.•Ar �. i y Clerk Form Approved V\ ?' "-2 746" Legal Department Dated: 7 ,7 W MAL: lm eeel VI eetote' veete4 "SAT':'f . F L O R I D A 33 1 3 9 i*.INcor RATio * "VACA TIONLAND U. S. A. , r ehlht!g*".-' • �y r OFFICE OF THE CITY MANAGER CITY HALL ROB W.PARKINS 1700 CONVENTION CENTER DRIVE CITY MANAGER TELEPHONE: 673-7010 COMMISSION MEMORANDUM ORANDUM NO• .3 -qo DATE: _ FLAY TO: Mayor Alex Daoud and Members of the City Commission • arki s /14A--u / FROM: Rob W. P � �?�- City Manager SUBJECT: LEASE AGREEMENT — EXECUTIVE PROMOTIONS, INC. FACILITY: HALLS C & D IN THE MIAMI BEACH CONVENTION CENTER ORGANIZATION: EXECUTIVE PROMOTIONS, INC. EVENT: MIAMI 'S SUMMER BOAT SHOW DATES: JULY 15-27, 1991 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 AN INCREASE OF TWELVE PER C ENT (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, FOR A TOTAL FOR SIXTY THOUSAND AND no/100 ($60, 000. 00) DOLLARS, PLUS FLORIDA STATE RENTAL TAX, WHICH IS CURRENTLY 6%. ADMINISTRATION APPROVE AGREEMENT WITH EXECUTIVE PROMOTIONS, INC. RECOMMENDATION: RWP/NL/j bS 4 AGENDA e -3- ITEM DATE r 1 CITY OF MIAMI BEACH TO: Laurence Feingold March 19 , 1990 City Attorney FROM: Norman Litz Convention Center Director SUBJECT: LEASE AGREEMENT - EXECUTIVE PROMOTIONS, 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. Conv-nti•s' Cent;r NL:jya cc: City Manager V tS L 11N AL RESOLUTION NO. 90-19975 Authorizing execution of lease agreement with Executive Promotions, Inc. for the use of Halls C and D of the M.B. Convention Center July 15-27, 1991.