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RESOLUTION 92-20675 RESOLUTION No. 92- 20675 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE THE LEASE AGREEMENT BETWEEN THE CITY OF MIAMI BEACH AND JEFFERSON NATIONAL BANK FOR THE USE OF THREE (3) PARKING SPACES LOCATED IN THE CITY'S MUNICIPAL PARKING LOT 24-B AT 71ST STREET AND RUE VENDOME, BETWEEN THE HOURS OF 8:00 A.M. AND 5:00 P.M., MONDAY THROUGH FRIDAY. WHEREAS, Jefferson National Bank has requested the City to enter into an Agreement for three off- street parking spaces for a one-year period; and WHEREAS, the Agreement provides Jefferson National Bank the use of these off-street parking spaces in the City's 24-B parking lot located at 71st Street and Rue Vendome; and WHEREAS, the City of Miami Beach has entered into agreements for these spaces with other related financial institutions since December, 1978; and WHEREAS, the demand for this type of public-private arrangement benefits both the City and the private sector while maintaining access for general public parking; and WHEREAS, Jefferson National Bank has agreed to the terms and conditions as set forth in the attached agreement at a rate of$30.00 per space per month plus tax, payable in full for the entire term, on the first day of the agreement. NOW, THEREFORE, BE IT DULY RESOLVED BY THE CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that the Mayor and the City Clerk are hereby authorized and directed to execute the attached Agreement between the City and Jefferson National Bank for the use of three (3) off-street parking spaces in the 24-B Parking Lot located at 71st Street and Rue Vendome. BE IT ALSO RESOLVED, that Jefferson National Bank agrees to compensate the City of Miami Beach, Florida an advance fee of$1,150.20 for the use of these spaces for the one year period commencing January 1, 1993. PASSED and ADOPTED this 2nd day of December, 1992. / 11 • fr AnR Attest by: x r1/44c,Akc4J- City Clerk Form Approved by Legal: November , 1992 mam/ • CITY OF MIAMI BEACH CITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH FLORIDA 33139 OFFICE OF THE CITY MANAGER TELEPHONE: (305) 673-7010 FAX: (305) 673-7782 COMMISSION MEMORANDUM NO. `1S-92 TO: Mayor Seymour Gelber and DATE: December 2, 1992 Members of the City Commission FROM: Roger M. Ca \ City Manager�,1j !�'�� SUBJECT: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE THE LEASE AGREEMENT BETWEEN THE CITY OF MIAMI BEACH AND JEFFERSON NATIONAL BANK FOR USE OF THREE PARKING SPACES LOCATED IN THE CITY'S MUNICIPAL PARKING LOT 24-B AT 71ST STREET AND RUE VENDOME, BETWEEN THE HOURS OF 8:00 A.M. AND 5:00 P.M., MONDAY THROUGH FRIDAY. CONCLUSION: The Administration recommends that the City Commission adopt the attached resolution which directs the Mayor and City Clerk to execute the lease agreement between the City and Jefferson National Bank for three (3) parking spaces In the City's 24-B parking lot located at 71st Street and Rue Vendome for a one-year period beginning January 1, 1993. BACKGROUND: The attached letter from Jacqueline H. Chiodo, Senior Vice President of Jefferson National Bank, requests that the City enter into a lease agreement for the use of three parking spaces in the 24-B surface lot at 71% Street and Rue Vendome. This parking lot is a 22-space off-street surface lot which services the Normandy isle area. The City has an agreement with Great Western Bank for twelve spaces since 1978. The use of this lot is low and the primary users are patrons of either of the two banking offices. ANALYSIS: In reviewing the revenue and user streams In the lot,the Parking Department has determined that the banks have the greatest impact on the lot. Current earnings in the lot, adjusted for the lease agreements Is approximately $0.11 per meter per day. Lease agreements only enhance the parking fund's ability to improve the appearance of the area; therefore, create a lease for Jefferson National will Improve service delivery in the area as well as improve the revenue stream from the facility to the parking system. CONCLUSION: In reviewing the needs of the community as well as improving the financial condition of the Parking Fund, we believe that a lease agreement with Jefferson National Bank, similar to the existing agreement between the City and Great Western Bank, is beneficial to all involved parties: We also believe that a rate of$30.00 per space per month plus all applicable sales taxes, Is a fair and equitable fee for the service. Accordingly, the cost for three spaces will be$1,150.20 annually. RMC:MAM:pc 159 AGENDA ITEM DATE I 2- Z" 9 2, E 1 LEASE AGREEMENT This lease agreement is entered into this 1st day of January , 1993 , by and between the CITY OF MIAMI BEACH, FLORIDA, as Lessor (hereafter referred to as "Lessor" or "City") and JEFFERSON NATIONAL BANK (hereafter referred to as "Lessee" or "Bank") . National Bank, WHEREAS, Jefferson R .0-XXXCUTAXXXIMXNX through its designated representatives have expressed a desirous interest to enter into a lease agreement for parking spaces; and, WHEREAS, the City owns the specific parking facility from which parking is requested; and, WHEREAS, the City has previously entered into similar arrangements with other financial institutions in the area. NOW, THEREFORE, in consideration of the premises, terms and for other good and valuable consideration, the Lessor and Lessee hereby agree as follows: 1. Lessor leases to Lessee the following parking spaces: Three (3) parking spaces in the 24-B Parking Lot 917-929 Normandy Drive first three spaces located along the walk perpendicular to the west entrance of Jefferson National Bank solely 2 . The spaces shall be used mei( for and by patrons of the Bank during the hours of 8 : 00 A.M. and 5: 00 P.M. , Monday through Friday, holidays excluded. Lessee or lessee 's agents shall cause to be affixed upon the poles, permanent and appropriate signs advising the public of the hours for which the spaces are duly reserved. 3. The lease rate for these parking spaces shall be $30. 00 per space per month plus all applicable sales taxes. This amounts to $1. 150. 20 for the three spaces, including 6. 5% Florida Sales Tax payable in advance of the commencement of the agreement. 4. Lease payment shall be made to the City of Miami Beach - Parking Department, 1837 Bay Road, Miami Beach, Florida 33139 . 5. Lessee shall procure and maintain during the term of this lease, liability coverage including Bodily Injury and Property Damage, in an amount no less than $500, 000 per person per occurrence and shall include contractual liability coverage (to cover the below indemnification) . Said insurance shall provide primary coverage of the leased property and shall name Lessor as an ! 1 1 Additional Insured. This coverage primary to all other coverage which the City holds, shall be insured by an insurance company duly authorized to do business in the State of Florida and rated A:X or better per A.M. Best' s Key Rating Guide (latest edition) . Lessee shall furnish Lessor with a certificate disclosing the type and amount of insurance obtained and providing that the policy may not be cancelled or materially altered except upon ten (10) days ' written notice to Lessor. This certificate must be reviewed and approved by the Lessor' s Risk Manager. 7 . Lessee agrees to indemnify and save harmless the City of Miami Beach, its officials and employees and for and on account of the City to make defense against any and all claims, actions, demands, suits, liabilities, damages and payments, in tort or in contract, including without limitation, accidents, liability or loss for injuries to or deaths of persons or damages to property caused by any act or failure to act of Lessee or its employees, servants, agents, members, invites, or guests to the extent and limits covered by the policy provided in paragraph 6 above. 8. This lease shall be subject to cancellation by either party upon fifteen (15) days written noticed by certified mail or hand delivery as follows: TO LESSOR: ROGER M. CARLTON, CITY MANAGER City of Miami Beach 1700 Convention Center Drive, 4th Floor Miami Beach, Florida 33139 TO LESSEE: BARTON S. GOLDBERG, PRESIDENT Jefferson National Bank 301 - 41st Street Miami Beach, Florida 33140 9. This lease shall not be assignable without the prior written consent of both parties hereto. However, if cancellation occurs, Lessee shall receive a prorated refund for the portion of the lease cancelled. 10. The term of this lease agreement shall be for the one- year period beginning January 1, 1993 . The lease shall be renewable upon written request from Lessee with all rates and applicable terms and conditions to be reviewed annually. 11. The exercise of rights of cancellation under this lease may be with or without cause for either party. w ' WHEREFORE, the parties hereto have caused their proper officers to affix their signatures and seals on the date first set forth above. CITY' •F MIAMI BEACH ayor l Attest: * OkAdi. (6N-CNAA, \,4,( JEFFERSON NATIONAL BANK jeeX, 7---aerrij Att t: i /'// l7 ittiatt /7/Cone_Sy 114;e 17/E/cr NOTAR PUBLIC STATE OF FLORIDA MY COMMISSION EXP. Nov.18,1993 FORM APPROVED ! BONDED THRU_GENERAL INS. UND. LE DEPT. BY Date `/���Z RESOLUTION NO. 92-20675 Authorizing the Mayor and City Clerk to execute the lease agreement between the City of Miami Beach and Jefferson National Bank for the use of three (3) parking spaces located in the City's Municipal parking lot 24-B at 71st Street and Rue Vendome, between the hours of 8:00 a.m. and 5:00 p.m. , Monday through Friday.