RESOLUTION 90-20200 RESOLUTION NO. 90-20200
A RESOLUTION AUTHORIZING EXECUTION OF LEASE
AGREEMENT WITH I.B.S. FLEA MARKETS, INC. FOR THE
USE OF HALLS C AND D OF THE MIAMI BEACH
CONVENTION CENTER NOVEMBER 27-DECEMBER 7, 1992
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
NOVEMBER 27-DECEMBER 7 , 1992
for the event known as
WORLD'S LARGEST INDOOR FLEA MARKET
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 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 19th day of December , 19 90
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MAYOR
Attest:
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City Clerk 0
Form Approved
Legal Department
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*(MCORP ORATED)* o°V A C°A TIONL A ND U. S. A. 0
OFFICE OF THE CITY MANAGER CITY HALL
ROB W.PARKINS 1700 CONVENTION CENTER DRIVE
CITY MANAGER TELEPHONE: 6737010
COMMISSION MEMORANDUM NO. 646-90
DATE: DECEMBER 19 , 1990
TO: Mayor Alex Daoud and
Members of the City Commission
FROM: Rob W. Parkins
City Manager
SUBJECT:
LEASE AGREEMENT - I . B. S . FLEA MARKETS, INC .
FACILITY : HALLS C & D OF THE MIAMI BEACH CONVENTION CENTER
EVENT: WORLD ' S LARGEST INDOOR FLEA MARKET
DATE: NOVEMBER 27-DECEMBER 7, 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 (60 ) CENTS PER SPARE FOOT NET EXHIBIT SPACE USED
WITH A MINIMUM GUARANTEE OF THIRTY THOUSAND AND NO/ 100
( $30,000.00) DOLLARS PER HALL , FOR A TOTAL OF SIXTY
THOUSAND AND NO/ 100 ( $60,000.00) DOLLARS , PLUS FLORIDA
STATE RENTAL TAX , WHICH IS CURRENTLY 6'/..
ADMINISTRATION APPROVE LEASE AGREEMENT WITH I . B.S. FLEA
RECOMMENDATION: MARKETS, INC.
RWP/NL/ jya
14
AGENDA C _W
ITEM
DATE 12-6 -c
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TO: Laurence Feingold December 10 , 1990
City Attorney
FROM: Norman Litz
Convention Center Director
SUBJECT: LEASE AGREEMENT - I . B. S. FLEA MARKETS , 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 amendment
and recommend its approval .
Ad
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Con e tion -nter ppr-
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cc : City Manager!
ORIGINAL
RESOLUTION NO. 90-20200
Lease agreement with I.B.S. Flea Markets,
Inc. for the use of Halls C and D of the
Miami Beach Convention Center November 27-
December 7, 1992.