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RESOLUTION 90-20040 RESOLUTION NO. 90-20040 A RESOLUTION AUTHORIZING EXECUTION OF LEASE AGREEMENT WITH PERL EXPOSITION CORPORATION FOR THE USE OF HALLS C AND D OF THE MIAMI BEACH CONVENTION CENTER AND ROOM C127 AND MEETING ROOMS A, B,C AND D IN HALLS C AND D ONLY ON MAY 18 - JUNE 2 , 1992 . WHEREAS, the City Commission of the City of Miami Beach, Florida, has been advised that PERL EXPOSITION CORPORATION desires to lease certain premises and facilities of the City of Miami Beach, to-wit: HALL C AND D OF THE MIAMI BEACH CONVENTION CENTER AND ROOM C127 AND MEETING ROOMS A,B,C AND D IN HALLS C AND D ONLY on MAY 18 - JUNE 2 , 1992 for the event known as MIAMI/FT. LAUDERDALE HOME SHOW AND WHEREAS, an appropriate lease agreement 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 agreement and deems it to be in the best interest of the City to authorize the City 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 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 25th day of Jul , 19 90 . tF ' AA( P YOR Attest: -&-ect:,,,e- )27 • te/A,Ze-v City Clerk Form Approved Legal Department Dated: 2/7/1 ° L: lm eeee, 0.6 Vieet Ee eid MBF FLORIDA 3 3 1 3 9 iINCORP ORATED)* 'VA CA TIONL A NL) U. S. A. „A„., OFFICE OF THE CITY MANAGER CITY HALL ROB W.PARKINS 1700 CONVENTION CENTER DRIVE CITY MANAGER TELEPHONE: 673-7010 COMMISSION MEMORANDUM NO. 3 :31-90 JULY 25, 1990 DATE: TO: Mayor Alex Daou• . d Members of t. - City Comm': i.. FROM: Rob W. Pa kins 191r City9 p/OSIMana e SUBJECT: LEASE AGREEMENT - PERL EXPOSITION CORPORATION FACILITY: HALLS C & D OF THE MIAMI BEACH CONVENTION CENTER AND ROOM C127 & MEETING ROOMS A,B, C, D IN HALLS C & D ONLY. ORGANIZATION: PERL EXPOSITION CORPORATION EVENT: MIAMI/FT. LAUDERDALE HOME SHOW DATES: MAY 18-JUNE 2, 1992 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 cent (12%) over the following minimum rentals. Sixty cents per square foot net exhibit space used with a minimum guarantee of $30, 000. 00 per hall , based on $5, 000. 00 per hall per show day, plus $30, 000. 00, based on $5, 000. 00 per hall each day over six days, plus Florida State Rental Tax, which is currently 6%. ADMINISTRATION APPROVE LEASE AGREEMENT WITH PERL EXPOSITION RECOMMENDATION: CORPORATION. RWP/N jya 71A- I AGENDA ITEM DATE • CITY OF MIAMI BEACH TO: Laurence Feingold July 5, 1990 City Attorney FROM: Norman Litz Convention Center Director SUBJECT: LEASE AGREEMENT - PERL EXPOSITION CORPORATION 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 agreement and recommend its approval. AO i Convrentipn Cen NL:j ya cc: City Manager ORIGINAL RESOLUTION NO. 90-20040 Lease agreement with Perl Exposition Cor- poration for the use of Halls C and D of the Miami Beach Convention Center and Room C127 and Meeting Rooms A, B, C and D in Halls C and D only on May 18 - June 2, 1992