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Collins 1560, LLC Concession AgreementDocusign Envelope ID:B50A4 133-802C-465B-87FA-14B6372 6DA8F COLLINS 1560,LLC Concession Agreement ANCHOR SHOPS AT SOUTH BEACH CONCESSION AGREEMENT Docusign Envelope ID:B50A4133-802C-465B8-87FA-14B63726DA8F CONCESSION AGREEMENT BETWEEN MIAMI BEACH REDEVELOPMENT AGENCY AND COLLINS 1560,LLC FOR MANAGEMENT AND OPERATION OF A FOOD &BEVERAGE CONCESSION IN THE OUTDOOR SPACE ADJACENT TO 1560 COLLINS AVENUE SUITES 1 &2 THIS CONCESSION AGREEMENT ("Agreement")made the day of October, 2024,between the MIAMI BEACH REDEVELOPMENT AGENCY,a public body corporate and politic,having its principal place of business at 1700 Convention Center Drive,Miami Beach,Florida 33139 (RDA)and COLLINS 1560,LLC,a Florida limited liability company,having its principal place of business at 1560 Collins Avenue,Suites 1&2,Miami Beach,Florida,33139 (hereinafter called "Concessionaire"). The RDA hereby grants to the Concessionaire,and the Concessionaire hereby accepts from the RDA,the rights to maintain,manage,and operate a food and beverage concession within the Concession Area (as hereinafter defined),in accordance with the purpose(s)and for the term(s)stated herein,and subject to all the terms and conditions herein contained. SECTION 1.TERM. 1.1 The term of the Agreement shall be coterminous with the Lease Agreement (as defined in Section 2.1),for use of the adjacent Leased Premises (as defined in Section 2.1)for the operation of a restaurant,which Lease Agreement has a current expiration date of January 3,2033.("Term"). For purposes of this Agreement,a "Contract Year"shall be defined as that certain period commencing on the 1°'day of January,and ending on the 31°day of December.Any reconciliations of payments which fall outside of the Contract Year period shall be prorated. It is the intent of the parties hereto that,unless otherw ise term inated pursuant to the provisions of this Agreement,the Term of this Agreement is intended to run concurrent with the term ,including any extensions thereof,of the Lease Agreement. SECTION 2.CONCESSION AREA. 2.1 The RDA hereby grants to Concessionaire the right,during the Term herein, to maintain,manage and operate an outdoor seating area in the following Concession Area: Concession Area: The RDA and Concessionaire are parties to a Lease Agreement,dated March 23,2023 (the "Lease Agreement")relating to 2,697 square feet of restaurant space located at 1560 Collins Avenue Suites 1&2,Miami Beach, 2 D ocusig n E nvelo pe ID :B 5 0A4 13 3-802C -465B -87FA -14 B6372 6D A 8F Florida 33139 (the "Leased Premises").The concession area shall consist of approximately 776 square feet of outdoor space,adjacent to and east of the Leased Premises (the "Concession Area");which outdoor space is further delineated in Ex hib it 2.1,attached hereto and incorporated herein. Concessionaire has the right to reduce the footprint of the outdoor space, with prior written approval of the RDA,but under no circumstances may the Concessionaire expand the square foot of the outdoor space.The use and size of the Concession Area space shall be subject to Concessionaire securing the appropriate regulatory approvals from the City of Miami Beach ("City"),which may include,without limitation,the City's Planning Department. Concessionaire shall have the right to place up to thirty (30)chairs and twelve (12)tables and four (4)umbrellas (or awning,subject to approval by the RDA)within the Concession Area,subject to approval of the site plan and the outdoor furniture by the City's Planning Department,and compliance with applicable ADA requirements.The proposed site plan is also delineated in E xhib it 2.1.No material change in the proposed site plan (or in Exhibit 2.1)shall be permitted without the prior written consent of the Executive Director or his/her designee,which consent (if given at all)shall be at the Executive Director's (or his/her designee's)sole judgment and discretion. 2.2 Concessionaire hereby agrees and acknowledges that the Concession Area shall be open and available to all members of the general public choosing to enjoy Concessionaire's food and beverage services. SECTION 3.USE(S). 3.1 The Concession Area shall be used by the Concessionaire solely as an outdoor seating area for the patrons and guests of the Leased Premises. The Concession Area shall have minimum days and hours of operation from Monday through Sunday,commencing at 6:00 AM and ending at 1:00 AM. Nothing herein contained shall be construed to authorize hours contrary to the laws governing such operations,as may be amended from time to time. Any change in the minimum days or hours of operation shall require the prior written consent of the Executive Director.In no event shall the hours of operation extend earlier than 6:00 AM or later than 1 :00 AM. N o tw ithsta nding the preced ing ho u rs of operation,the Co ncessio n A rea shall o n ly be open w hen the Leased Prem ises are open fo r business (a nd ,co nvers ely ,shall be closed w hen the Leased P re m ises is closed). 3.2 C o ncessio na ire and the Tenant of the Leased Prem ises shall at all tim es througho ut the Term of this Ag reem ent be one and the sam e and can no t ex ist ind epe ndently of each other.Co ncessio naire ackno w led ge s and ag rees that its use of the C o ncession Area shall be ,and rem ain at all tim es thro ugh o ut the Term ,an ancill ary use to the Leased P re m is es. 3 Docusign Envelope ID:B50A4133-802C-465B-87FA-14863726DA8F The number of seating in the Concession Area shall be included in the overall seating count of the Leased Premises.There shall be no bar counter of any kind as part of the Concession Area and all food served shall be prepared within the interior kitchen of the Leased Premises.All tables and chairs will be removed and stored each night at close of business.Any Umbrellas,as approved by the RDA and the required City of Miami Beach regulatory board,will be closed and secured each night at closing. Notwithstanding any such approvals,The RDA,in its proprietary capacity and in its sole discretion,reserves the right to revoke any approval, permitting the umbrellas to remain on the Concession Area after close of business.Any exception to this requirement shall be at the sole and absolute discretion of the Executive Director or his/her designee. Concessionaire shall further maintain the Concession Area and abide by the conditions set forth in Exhibit 3.2 (the "Additional Requirements"), attached hereto and incorporated herein. 3.2.1.Removal of Concessionaire's Property during Emergency Situations.The Executive Director or his/her designee may direct or require the Concessionaire to immediately remove,relocate and/or store all or part of the Concession Area improvements or any of Concessionaire's outdoor furniture and equipment ("Concessionaire's Property")for public safety considerations in emergency situations, including,without limitation,a threatened tropical storm or hurricane.Upon written and/or verbal notification by the Executive Director of a tropical storm/hurricane warning or alert,or other major weather event that may adversely impact the City,or upon the designation by the United States National Weather Service or National Hurricane Center of a tropical storm/hurricane warning or alert, whichever occurs first,the Concessionaire shall,within no more than two hours of same,remove and store all of Concessionaire's Property to secure Concessionaire's Property in response to the threatened storm or other emergency,and shall take all other measures which may be necessary for the protection of the public with respect thereto.The notification by the Executive Director of a hurricane or other major weather event,or the issuance of a hurricane warning,shall constitute a public emergency situation.The failure of the RDA to direct the Concessionaire to remove or safety store Concessionaire's Property shall not relieve the Concessionaire of its obligation to remove and store Concessionaire's Property in response to a threatened storm event as outlined herein. Should Concessionaire fail to remove Concessionaire's Property within said two (2)hour period,or in the event the Executive Director or his/her designee determines,at his/her sole discretion,that Concessionaire's removal,storage and other efforts are otherwise not satisfactory, Concessionaire shall thereafter be assessed a fee of $50.00 per hour, until such time as all of Concessionaire's Property have been removed 4 Docusign Envelope ID:B50A4133-802C-465B-87FA-14B6372 6DA8F to the Executive Director's satisfaction.In addition,the Executive Director,without any obligation to do so,may immediately proceed to remove,relocate,and/or store the Concessionaire's Property that has otherwise not been removed by the Concessionaire,at the Concessionaire's sole cost and expense,with payment to the RDA for all such costs due within thirty (30)days of RDA's invoice to Concessionaire. Concessionaire shall be solely responsible for any damage to RDA property or other property resulting from Concessionaire's failure to remove and store Concessionaire's property,or otherwise implement appropriate measures in response to a threatened storm or hurricane. Concessionaire's failure to comply with this section shall constitute a default under this Agreement.The remedies identified herein for Concessionaire's failure to comply with this section are cumulative,and in addition to,all remedies that may be available to the RDA at law and in equity. 3.3 Concessionaire hereby warrants and represents to the RDA that Concessionaire is the owner of the restaurant at the Leased Premises and shall,throughout the Term of the Lease Agreement,remain as the owner of said restaurant,unless any change in ownership is approved by the Executive Director,in writing,prior to such change taking place.Change of ownership for purposes hereof shall include,without limitation,a sale,exchange,assignment,transfer or other disposition by tenant of all or a portion of tenant's interest in the restaurant, whether by operation of law or otherwise. 3.4 Concessionaire agrees that speakers or any other device used to amplify sound,in or around the Concession Area shall require the approval of the RDA and of the appropriate City of Miami Beach regulatory board. Notwithstanding any such approvals,the RDA,in its proprietary capacity and in its sole discretion,reserves the right to revoke any approval for use of speakers in or around the Concession Area.In such case,following thirty (30)days written notice to Concessionaire,Concessionaire shall remove any installations relating to such use and restore the affected portions of the Concession Area to its original condition.Concessionaire further agrees to not attach any televisions to the exterior of the Leased Premises. Furthermore,Concessionaire shall in no manner use the Concession Area, or Concessionaire's restaurant at the Leased Premises,as an outdoor entertainment or open air entertainment establishment,and hereby acknowledges that such uses are prohibited (whether as main or accessory uses). 3.5 It is understood and agreed that the Concession Area shall be used by the Concessionaire during the term of this Agreement only for the uses contemplated herein,and for no other purpose or use whatsoever. 5 D o cusign E nvelope ID :B50A4 133-802C -465B-87FA -14B6372 6D A 8F Concessionaire will not make or permit any use of the Concession Area that,directly or indirectly,is forbidden by public law,ordinance or government regulation,or that may be dangerous to life,limb or property. Concessionaire may not commit waste on the Concession Area,use the Concession Area for any illegal purpose,or commit a nuisance on the Concession Area.In the event that the Concessionaire uses the Concession Area for any purpose not expressly permitted herein,then the RDA may declare this Agreement in default pursuant to Section 13,or without notice to Concessionaire,restrain such improper use by injunction or other legal action. 3.6 Notwithstanding anything to the contrary contained herein,in the event of a breach by Concessionaire of any conditions in this Section 3,the Executive Director,in his/her sole determination and judgment, shall have the right to automatically terminate this Agreement,without any liability to the RDA;said termination effective upon thirty (30)days written notice to Concessionaire.By executing this Agreement, Concessionaire hereby agrees to this condition,and further voluntarily and knowingly waives and releases any and all rights now or hereinafter conferred upon Concessionaire pursuant to Florida Statutes including,without limitation,the procedures set forth in Chapter 83,Florida Statutes'for removal in nonresidential tenancies; the Miami-Dade;and the Miami Beach Code (respectively);to the extent this and applicable law(s)would have the effect of limiting or modifying the RDA's rights to terminate this Agreement pursuant to this subsection. 3.7 Concessionaire shall obtain,at its sole expense and responsibility,any business tax receipts required by the City of Miami Beach for the proposed use(s)contemplated herein. SECTION 4.CONCESSION FEES. 4.1 The Concession Fee shall have the same meaning as in Section 2.2 (8)of the Lease Agreement. 4.2 Intentionally Omitted 4.3 Interest for Late Payment. Any payment which Concessionaire is required to make to the RDA which is not paid on or before the respective date provided for in this Agreement 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 RDA. 4.4 Sales and Use Tax. It is also understood that the required Florida State Sales and Use Tax shall be added to Concessionaire's payments and forwarded to the RDA as part 6 Docusign Envelope ID:B50A4133-802C-465B-87FA-14B63726DA8F of said payments.It is the RDA's intent that it is to receive all paym ents due from Concessionaire as net of such Florida State Sales and Use Tax. SECTIO N 5.Intentionally Om itted SECTION 6.Intentionally Omitted SECTIO N 7.TAX ES,ASSESSM ENTS,AND UTILITIES. Concessionaire agrees and shall pay,befo re delinquency,all taxes and assessments of any kind (including,without lim itation,ad valorem taxes,if assessed,and/or Resort Taxes)levied or assessed upon Concessionaire and/or the Concession Area including,without lim itation,any such taxes and/or assessments that m ay be levied and/or assessed against Concessionaire and/or the Concession Area by reason of this Agreement, or by reason of the business or other operations and/or activities of Concessionaire upon or in connection with the Concession Area. Concessionaire w ill have the right,at its own expense,to co ntest the amount or validity,in whole or in part,of any tax and/or assessment by appropriate proceedings,which Concessionaire shall conduct diligently and continuously,in good faith.Co ncessionaire m ay refrain fro m paying a tax to the extent it is contesting the imposition of sam e in a m anner that is in accordance w ith law ;provided,however,if,as a result of such contest, additional delinquency charges beco me due,Concessionaire shall be responsible for such delinquency charges,in addition to paym ent of the co ntested tax (if so ordered). Concessionaire shall be solely responsible for and shall pro mptly pay when due all charges fo r utility service(s)provided to the Concession Area (including all hook-up fees and im pact fees)for gas,electricity,water, sew er,cable,telephone,trash collection,etc.,if applicable. In addition to other rights and rem edies hereinafter reserved to the RDA, upon the failure of Concessionaire to pay for such utility services when due, the RDA may elect to pay same and Concessionaire shall promptly reimburse the RDA upon dem and.In no event shall the RDA be liable, whether to Concessionaire or to third parties,for an interruption or failure in the supply of any utilities serv ices to the Concession Area. SECTION 8.EMPLOYEES AND INDEPENDENT CO NTRA CTORS. 8.1 Concessionaire shall select,tra in,em ploy (or otherw ise hire or retain)such number of employees and/or independent contractors as is necessary and appropriate for Concessionaire to satisfy its responsibilities hereunder,and as necessary to maintain the sam e levels of serv ice as exist in sim ilar first class concession facilities and operations.Concessionaire's employees and/or independent contractors shall be employees and/or independent contractors of Concessionaire and not of the RDA,and Concessionaire 7 D ocusig n E nvelope ID :B50A 4133-802C -465B-87FA-14B6372 6D A 8F shall be solely responsible for their supervision and daily direction and control.Concessionaire shall be solely responsible for,and have the sole authority to hire,term inate and discipline any and all personnel and/or contract ors em ployed or retained by Conce ssionaire. 8.2 All employees and/or independent contractors shall observe all the graces of pers onal grooming.Concessionaire shall hire people to work in its operation who are neat,clean,well groom ed ,and co mport themselves in a professional and co urteous manner.Concessionaire and any persons hired and/or retained by Concessionaire shall never have been co nvicted of a felony. Concessionaire shall have an experienced manager or managers overseeing the concession operations at all times. SECTIO N 9.Intentionally Om itted SECTIO N 10.IMPROVEM ENTS,MAINTENANCE,REPAIR AND OPERA TION. Concessionaire acce pts the use of the Concession Area in its "AS IS" "W HERE IS"condition.Concessionaire assumes sole responsibility and expense fo r m aintenance of the Concession Area (including all furniture, fixtures,equipm ent and any other im provem ents thereon).This shall include,without limitation,daily (i.e.365 days)removal of litter,garbage and debris.Concessionaire shall also be responsible for all garbage disposal generated by its operations. 10.1 Impro vements. 10.1.1.Any improvements to the Concession Area shall be at Concessionaire's sole expense and responsibility;provided,however,that any plans for such impro vem ents shall be subm itted to the Executive Director or his/her designee for prior written approval.Upon termination and/or expiration of this Agreement.all personal pro perty and non-perm anent trade fixtures may be removed by Concessionaire without ca using damage to the Concession Area. All permanent (fixed)im provem ents to the Concession Area shall remain the property of the RDA upon term ination and/or expiration of this Agreem ent,except as provided in Subsection 10.1.2. Concessionaire will permit no liens to attach to the Concession Area arising from,connected with,or related to,the design,construction,and installation of any im provements. Construction of any approved im provements shall be diligently prosecuted to completion and accomplished thro ugh the use of licensed, reputable contractors who are acceptable to the Executive Director or his/her designee.In addition to obtaining the prior approval of the 8 Docusign Envelope ID:B50A4133-802C-465B8-87FA-14B63726DA8F Executive Director or his/her designee (acting on behalf of the RDA,in a proprietary capacity},Concessionaire shall also be solely responsible fo r obtaining,at its sole cost and expense,any and all permits,licenses, and/or regulatory approvals;such reg ulatory approvals which may include,without limita tion,land use board and/or the approvals of other required regulatory agencies having jurisdiction)required for the construction of im provements. 10.1.2.Notwithstanding Subsection 10.1.1 hereof,upon term ination and/or expiration of this Agreement,Conce ssionaire shall immediately remove any permanent improvements made to the Concession Area during the Term ,at Concessionaire's sole expense and respo nsibility.In such event,Concessionaire shall also restore the Concession Area to its original condition prior to the improvements being made,reasonable wear and tear excepted. 10.1.3.The above requirements for submission of plans and the use of specific contractors shall not apply to improvements (which term,for purpo ses of this Subsection 10.1.3 only,shall also include improvements necessa ry fo r Conce ssionaire's ongoing maintenance and repair of the Conce ssion Area)which do not exceed Five Hundred ($500.00)Dollars; provided that the work is not structural,and provided further that it is perm itted by applica ble law. 10.2 Garbage Receptacles. W ith respect to litter,garb age and debris removal,Concessionaire shall provide,at its sole expense,a sufficient number of trash receptacles for its own use and for the use of its patrons.Determ ination of the "number''of receptacles shall at all times be within the Executive Director or his/her designee's sole discretion.Disposa l of the contents of said receptacles (and removal of litter,garbage and debris within the Concession Area),shall be done on a daily (i.e.365 days)basis.Any costs for removal of the contents of said trash receptacles by the RDA,because of the Concessionaire's failure to do so,will be assessed to,and beco me the responsibility of,the Concessionaire. The dum ping or disposal of any refuse,disca rds,trash or garbage, generated by,or as a result of Concessionaire's operations,shall be placed in the trash dumpster utilized by the Leased Premises,the cost of which shall be paid by Concessionaire,as tenant,pursuant to the term s of the Lease Agreem ent. 10.3 Maintenance/Repair. Concessionaire shall maintain,at its sole expense and responsibility,all furniture,fixtures,and equipment (FFE)and any other improvements (whether perm anent or not)required to operate the concession.In the event any FFE and/or other improvement(s)is lost,stolen,or damaged,it shall be replaced or repaired promptly,at the sole expense of Concessionaire. 9 Docusign Envelope ID:B50A4 133-802C-465B-87FA-14B6372 6DA8F 10.3.1.All damage or injury of any kind to the Concession Area,and/or to any improvements and/or FFE thereon,except damage caused by the willful misconduct or gross negligence of the RDA,shall be the sole obligation of Concessionaire,and shall be repaired,restored and/or replaced promptly by Concessionaire,at its sole expense,to the satisfaction of the Executive Director or his/her designee. 10.3.2.AII of the aforesaid repairs,restoration and replacement shall be in quality and class equal to or better than the original work (or FFE,as the case may be)and shall be done in good and workmanlike manner. 10.3.3.If Concessionaire fails to make any repairs,restoration and/or replacement,the same may be made by the RDA,at the expense of Concessionaire,and all sums spent and expenses incurred by the RDA shall be collectable by the RDA and shall be paid by Concessionaire within ten (10)days after receipt of a bill or statement thereof. Notwithstanding that the RDA may elect to make such repairs, restoration,and/or replacement,the RDA shall have no obligation and/or affirmative duty to do so. 10.3.4.It shall be Concessionaire's sole obligation to ensure that any approved renovations,repairs and/or improvements made by Concessionaire to the Concession Area comply with all applicable permitting,building codes and life safety codes of governmental authorities having jurisdiction. 10.4 No Dangerous Materials. Concessionaire agrees not to use or permit in the Concession Area 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 Concession Area shall be immediately removed.Notwithstanding the foregoing,subject to securing any required regulatory approvals as set forth in Subsection 2.1, and provided not prohibited in the standard policies of fire insurance companies in the State of Florida or applicable law,the RDA,in its proprietary capacity,authorizes Concessionaire to utilize portable propane heating lamps during the hours of operation;however,said portable propane heating lamps would need to be removed from the Concession Area after close of operations.Additionally,the RDA,in its sole discretion and without liability,reserves the right to revoke the approval to use propane heating lamps on the Concession Area,upon written notice to Concessionaire. In consideration of a separate and specific consideration of Ten ($10.00) Dollars and other good and valuable consideration,the receipt and 10 Docusign Envelope ID:B50A4133-802C-465B-87FA-14B63726DA8F sufficiency of which are hereby acknowledged,Concessionaire shall indemnify and hold the RDA and the City of Miami Beach harmless from any loss,damage,cost,or expense of the RDA,including,without limitation, reasonable attorney's fees,incurred as a result of,arising from,or connected with the placement by Concessionaire of any "hazardous substance"or "petroleum products"on,under,in or upon the Concession Area as those terms are defined by applicable Federal and State statutes, or any environmental rules and environmental regulations promulgated thereunder.The provisions of this Subsection 10.4 shall survive the termination or earlier expiration of this Agreement. 10.5 Security. Concessionaire shall be responsible for and provide such reasonable security measures as may be required to protect the Concession Area and any improvements and FFE thereon.Under no circumstances shall the RDA be responsible for any stolen or damaged FFE;damage to or loss of any improvements;or any stolen,lost,or damaged personal property of Concessionaire's employees,contractors,patrons,guests,invitees,and/or any other third parties. 10.6 Inspection. Concessionaire agrees that the Concession Area (and operations thereon) may be inspected at any time during hours of operation by the Executive Director or his/her designee,or by any other municipal,County or State officer,or other agency having responsibility and/or jurisdiction for inspection of such operations.Concessionaire hereby waives all claims against the RDA for compensation for loss or damage sustained by reason of any interference with the concession operations,whether by the RDA or by any public agency or official,in enforcing their respective duties,or enforcing compliance with any applicable laws,or ordinances,or regulations. SECTION 11.CONCESSIONAIRE'S INSURA NCE REQUIREMENTS. 11.1.Concessionaire shall maintain throughout the term,at its sole cost and expense, the following insurance requirements: 11.1.1 Worker's Compensation Insurance for all employees of the Concessionaire as required by Florida Statute 440,and Employer Liability Insurance for bodily injury or disease.Should Concessionaire be exempt from this Statute,the Concessionaire and each employee shall hold the RDA and the City of Miami Beach harmless from any injury incurred during performance of the Agreement. The exempt Concessionaire shall also submit (i)a written statement detailing the number of employees and that they are not required to carry Workers' Compensation insurance and do not anticipate hiring any additional employees during the term of this Agreement or (ii)a copy of a Certificate of Exemption. 11.1.2 Commercial General Liability Insurance on an occurrence basis,including products and completed operations,property damage,bodily injury and personal 11 Docusign Envelope ID:B50A4 133-802C-465B-87FA-14B6372 6DA8F &advertising injury with limits no less than $1,000,000 per occurrence,and $2,000,000 general aggregate. 11.1.3AII-Risk property and casualty insurance,written at a minimum of eighty (80%) percent of replacement cost value and with replacement cost endorsement, covering all improvements installed in the Concession Area by or on behalf of Concessionaire and including without limitation all of Concessionaire's personal property in the Demised Premises (including,without limitation,inventory,trade fixtures,furniture,and other property removable by Concessionaire under the provisions of this Agreement). 11.1.4 Business interruption insurance,sufficient to insure Concessionaire for no less than one (1)full year of loss of business,with the RDA and the City of Miami Beach named thereon as loss payee to the extent permitted by applicable law. 11.1.5 Additional Insured -The RDA and the City of Miami Beach must be included by endorsement as an additional insured with respect to all liability policies (except Professional Liability and Workers'Compensation)arising out of work or operations performed on behalf of the Concessionaire including materials,parts, or equipment furnished in connection with such work or operations and automobiles owned,leased,hired or borrowed in the form of an endorsement to the Concessionaire's insurance. 11.1.6 Notice of Cancellation -Each insurance policy required above shall provide that coverage shall not be cancelled,except with notice to the RDA Executive Director c/o EXIGIS Insurance Compliance Services. 11.1.7 Waiver of Subrogation -Concessionaire agrees to obtain any endorsement that may be necessary to affect the waiver of subrogation on the coverages required. However,this provision applies regardless of whether the RDA has received a waiver of subrogation endorsement from the insurer. 11.1.8 Acceptability of Insurers -Insurance must be placed with insurers with a current AM.Best rating of A:VII or higher.If not rated,exceptions may be made for members of the Florida Insurance Funds (i.e.FW CIGA,FAJUA).Carriers may also be considered if they are licensed and authorized to do insurance business in the State of Florida. 11.1.9 Verification of Coverage -Contractor shall furnish the RDA with original certificates and amendatory endorsements,or copies of the applicable insurance language, effecting coverage required by this contract.All certificates and endorsements are to be received and approved by the RDA before work commences.However, failure to obtain the required documents prior to the work beginning shall not waive the Contractor's obligation to provide them.The RDA reserves the right to require complete,certified copies of all required insurance policies,including endorsements,required by these specifications,at any time. 12 Docusign Envelope ID:B50A4133-802C-4 65 -87FA-14B63726DA8F CERTIFICATE HO LDER M UST READ: MIAMI BEACH RED EVELOPMENT AGENCY c/o EXIG IS Insura nce Compliance Serv ices P.O .Box 4668-ECM #35050 New York,NY 10163-4668 Kindly subm it all certificates of insurance,endors ements,exemption letters to our servicing agent,EXIGIS,at: Certifica tes-m iamibeach@ riskworks.com Special Risks or Circumstances -The RDA reserv es the right to modify these requirem ents,including lim its,based on the nature of the risk,prior experience, insurer,coverage,or other special circumstances. Com pliance with the fo regoing requirem ents shall not relieve the Co ncessionaire of its liability and obligation under this section or under any other sect ion of this Agreement. SECTION 12.INDEM NITY . 12.1 In considera tion of a separate and specific co nsideration of Ten ($10.00) Dollars and other good and valuable co nsideration the receipt and suffi ciency of w hich are hereby acknowledged ,Concessionaire shall indemnify,hold harm less and defend the RDA and the City of Miami Beach, and their respective office rs,employees,co ntractors,agents or servants from and against any claim ,demand or cause of action of whatsoever kind or nature arising out of erro r,om ission,or negligent act of Concessionaire, its officers ,employees,contractors,agents or servants in the perform ance of serv ices under this Agreem ent. 12.2 In addition,and in co nsideration of a separate and specific considera tion of Ten ($10.00)Dollars and other good and valuable consideration the receipt and sufficiency of which are hereby acknowledged,Conce ssionaire shall indem nify,hold harm less and defend the RDA and the City of Miami Beach, and their respective offi cers,em ployees,contract ors,agents or servants from and against any claim ,demand or cause of action of whatever kind or nature arising out of any misconduct of Concessionaire,its officers, em ployees,co ntra ctors,sub concessionaire(s),agents or servants not included in Subsection 12.1 herein and fo r which the RDA,its members/officers ,em ployees,contractors ,sub concessionaire(s),agents or serv ants are alleged to be liable. 12.3 Subsections 12.1 and 12.2 shall survive the term ination or expira tion of this Agreement.Subsections 12.1 and 12.2 shall not apply,however,to any such liability,that arises as a result of the willful misconduct or gross negligence of the RDA,its officers,em ployees,co ntractors,agents or servants. 13 D ocusig n E nvelop e ID :B 50A 4 13 3-802C -4658 -87FA -14 B63726D A 8F 12.4 Intentionally Omitted 12.5 Force Majeure. Whenever a period of time is herein prescribed for the taking of any action by the RDA or Concessionaire (as applicable),the RDA or Concessionaire (as applicable),shall not be liable or responsible for,and there shall be excluded from the computation of such period of time,any delays due to strikes,riots,acts of God,pandemics,epidemics,shortages of labor or materials,war,or governmental laws,regulations,or restrictions in the nature of a prohibition or moratorium,or any bona fide delay beyond the reasonable control of the RDA or Concessionaire (as applicable).The foregoing shall not apply to any payments of money due under this Agreement. 12.6 Waiver of Loss from Hazards. Concessionaire hereby expressly waives all claims against the RDA for loss or damage sustained by the Concessionaire resulting from an event of Force Majeure (as defined herein),and the Concessionaire hereby expressly waives all rights,claims.and demands against the RDA and the City of Miami Beach and forever releases and discharges the RDA and the City of Miami Beach from all demands,claims,actions and causes of action arising from any of the aforesaid causes. SECTION 13.DEFAULT AND TERMINATION. Subsections 13.1 through 13.4 shall constitute events of default under this Agreement.An event of default by Concessionaire shall entitle the RDA to exercise any and all remedies described as the RDA's remedies under this Agreement,including but not limited to those set forth in Subsection 13.5. An event of default by the RDA shall entitle Concessionaire to exercise any and all remedies described as Concessionaire's remedies under this Agreement,including but not limited to those set forth in Subsection 13.6. 13.1 Bankruptcy. If either the RDA or Concessionaire shall be adjudged bankrupt or insolvent, or if any receiver or trustee of all or any part of the business property of either party shall be appointed,or if any receiver of all or any part of the business property shall be appointed and shall not be discharged within sixty (60)days after appointment,or if either party shall make an assignment of its property for the benefit of creditors,or shall file a voluntary petition in bankruptcy,or insolvency,or shall apply for reorganization or arrangement with its creditors under the bankruptcy or insolvency laws now in force or hereinafter enacted,Federal,State,or otherwise,or if such petitions shall be filed against either party and shall not be dismissed within sixty (60)days after such filing,then the other party may immediately,or at any time thereafter,and without further demand or notice,terminate this Agreement without being prejudiced as to any remedies which may be available to it for breach of contract. 14 Docusign Envelope ID:B50A4133-802C-465-87FA-14B63726DA8F 13.2 Default in Payment. If any payment and accumulated penalties are not received within fifteen (15)days after the payment due date,and such failure continues three (3) days after written notice thereof,then the RDA may,without further demand or notice,terminate this Agreement without being prejudiced as to any remedies which may be available to it for breach of contract. 13.3 Non-Monetary Default. In the event that Concessionaire or the RDA fails to perform or observe any of the covenants,terms or provisions under this Agreement,and such failure continues thirty (30)days after written notice thereof from the other party hereto,such non-defaulting party may immediately or at any time thereafter,and without further demand or notice,terminate this Agreement. In the event that a default is not reasonably susceptible to being cured within such period,the defaulting party shall not be considered in default if it shall, within such period,commence with due diligence and dispatch to cure such default and thereafter completes with dispatch and due diligence the curing of such default,but in no event shall such extended cure period exceed ninety (90)days from the date of written notice thereof.In the event Concessionaire cures any default pursuant to this subsection,it shall promptly provide the RDA with written notice of same. 13.4 Default Under Lease Agreement. In the event that Concessionaire is in default under the Lease Agreement, then the RDA may,without further demand or notice,terminate this Agreement without being prejudiced as to any remedies which may be available to it for breach of contract. 13.5 RDA's Remedies for Concessionaire's Default. If any of the events of default,as set forth in this Section,shall occur,the RDA may,after notice (if required)and the expiration of cure periods,as provided above,at its sole option and discretion,institute such proceedings as in its opinion are necessary to cure such default(s)and to compensate the RDA for damages resulting from such default(s),including but not limited to the right to give to Concessionaire a notice of termination of this Agreement.If such notice is given,the Term of this Agreement shall terminate upon the date specified in such notice from the RDA to Concessionaire.On the date so specified,Concessionaire shall then quit and surrender the Concession Area to the RDA pursuant to the provisions of Subsection 13.8.Upon the termination of this Agreement by the RDA,all rights and interest of Concessionaire in and to the Concession Area and to this Agreement,and every part thereof,shall cease and terminate and the RDA may,in addition to any other rights and remedies it may have,retain all sums paid to it by Concessionaire under this Agreement. In addition to the rights set forth above,the RDA shall have the rights to pursue any and all of the following: 15 D o cusig n Envelope ID :B50A4 133-802C -465B-87FA -1486372 6D A8F a.The right to injunction or other similar relief available to it under Florida law against Concessionaire;and/or b.the right to maintain any and all actions at law or suits in equity or other proper proceedings to obtain damages resulting from Concessionaire's default. 13.6 Concessionaire's Remedies for RDA's Default. If an event of default,as set forth in this Section,by the RDA shall occur, Concessionaire may,after the expiration of the cure period,terminate this Agreement upon written notice to the RDA.Said termination shall become effective upon receipt of the written notice of termination by the R D A.On the date specified in the notice,Concessionaire shall quit and surrender the Concession Area to the RDA pursuant to the provisions of Subsection 13.8. 13.7 Termination for Convenience. 13.7.1.Notw ithstanding any other provision of this Section 13,this Agreement may be term inated,in whole or in part,by the RDA,for convenience and without cause,upon the furnishing of thirty (30)days prior written notice to Concessionaire. 13.7.2.In the event of termination by the RDA pursuant to this subsection, Concessionaire herein acknowledges and agrees that it shall not have any claim,demand,or cause of action of whatsoever kind or nature, against the RDA,its agents,servants and employees (including,but not limited to,claims for any start-up costs,interference in business or damages for interruption of services,or interference in its concession operations).In no event shall the RDA be liable to Concessionaire for any indirect,incidental,special,lost profits or consequential damages. 13.8 Surrender of Concession Area. At the expiration of this Agreement,or earlier termination in accordance with the terms of this Agreement,Concessionaire shall surrender the Concession Area in the same condition as the Concession Area was prior to the Commencement Date of this Agreement,reasonable wear and tear excepted.Concessionaire shall remove all of Concessionaire's Property and other improvements,upon forty-eight (48)hours written notice from the Executive Director or his/her designee unless a longer time period is agreed to by the RDA.Concessionaire's obligation to observe or perform this covenant shall survive the expiration or other termination of this Agreement. Continued occupancy of the Concession Area after termination of the Agreement shall constitute trespass by the Concessionaire,and may be prosecuted as such.In addition,the Concessionaire shall pay to the RDA One Thousand ($1,000.00)Dollars per day as liquidated damages for such trespass and holding over. SECTION 14.Intentionally Omitted 16 Docusign Envelope ID:B50A4133-802C-465B-87FA-14B63726DABF SECTION 15.Intentionally Omitted SECTION 16.SPECIAL EVENTS /SPONSORSHIPS. 16.1 City of Miami Beach Special Events. In the event that the RDA,at its sole discretion,deems that it would be in the best interest of the RDA the RDA reserves the right to displace the Concessionaire for RDA or City of Miami Beach produced and/or sponsored special events and/or RDA or City of Miami Beach produced and/or sponsored productions.Additionally,the aforestated events may also require additional time for load-in and load-out of the event.In such cases, the RDA may request that Concessionaire cease and desist operations during the term of,and in the area of,the special event and/or production, and Concessionaire shall cease and desist during such time.To the extent that Concessionaire is displaced,and/or required to cease and desist operations,the RDA shall provide,calculated on a per diem basis for the period of time the Concession Area is non-operational,a credit against Concessionaire's Concession Fee,prorated on a per diem basis,to be calculated by dividing the monthly Concession Fee by 30 and multiplying said figure by the number of days the Concessionaire was displaced.If the Concessionaire is not required to close,or the Executive Director or his/her designee determines that Concessionaire may remain open in such a manner as prescribed by the RDA or the City of Miami Beach,that will not interfere with the special event and/or production,Concessionaire shall use its best efforts,in either case,in cooperating with the RDA.If Concessionaire is allowed to remain open during special events and/or productions,Concessionaire may be allowed to have in operation its normal daily complement of equipment and staff."Normal"shall be defined as equipment and staff that the Concessionaire customarily has available to service its patrons within the Concession Area on a normal business day {during its hours of operation). 16.2 Sponsorships. The RDA reserve unto itself all present and future rights to negotiate all forms of endorsement and/or sponsorship agreements based on the marketing value of any City of Miami Beach trademark,property,brand, logo and/or reputation.Any and all benefits derived from an endorsement and/or sponsorship agreement based on the marketing value of a Miami Beach City trademark,property,brand,logo and/or reputation,shall belong exclusively to the RDA or the City of Miami Beach.Concessionaire shall be specifically prohibited from entering into,or otherwise creating any, sponsorships and/or endorsements with third parties which are based solely or in any part on the marketing value of a City of Miami Beach trademark, property,brand,logo and/or reputation. SECTION 17.NO IMPROPER USE. Concessionaire will not use,nor suffer or permit any person to use in any manner whatsoever,the Concession Area for any improper,immoral or 17 Docusign Envelope ID:B50A4 133-802C-465B-87FA-14B6372 6DA8F offensive purpose,or for any purpose in violation of any Federal,State, County,or municipal ordinance,rule,order or regulation,or of any governm ental rule or regulation now in effect or hereafter enacted or adopted.Concessionaire will protect,indemnify,and forever save and keep harm less the RDA and the City of Miami Beach,and their respective officers,employees,contractors,agents or servants,from and against damage,penalty,fine,judgment,expense or charge suffered,imposed, assessed or incurred for any violation,or breach of any law,ordinance,rule, order or regulation occasioned by any act,neglect or omission of Concessionaire,or any of its officers,employees,contractors,agents or servants.In the event of any violation by Conce ssionaire,or if the RDA shall deem any co nduct on the part of Concessionaire to be objectionable or im proper,the Executive Director or his/her designee shall have the right to suspend the concession opera tions should the Concessionaire fail to correct any such violation,co nduct,or practice to the satisfaction of the Executive Director or his designee within tw enty-four (24)hours after receiving written or verbal notice of the nature and extent of such violation, conduct,or practice ;such suspension to co ntinue until the violation is cured. Concessionaire further agrees not to commence operations during the suspension until the violation has been co rrected to the satisfaction of the Executive Director or his/her designee. SECTION 18.Intentionally Om itted. SECTION 19.NO TICES. All notices from the RDA to Concessionaire shall be deemed duly served upon receipt,if mailed by registered or certified mail with a return rece ipt to Concessionaire at the following addresses: Miroslav Banjac Collins 1560,LLC 1131 Collins Avenue Miam i Beach,Florida 33139 All notices from Conce ssionaire to the RDA shall be deemed duly served upon receipt,if mailed by registered or certified mail return receipt requested to the MIAMI BEACH REDEVELOPMENT AGENCY at the fo llowing addresses: Executive Director Miami Beach Redevelopment Agency 1700 Convention Center Drive Miam i Beach,FL 33139 18 Docusign Envelope ID:B50A4 133-802C-465B-87FA-1486372 6DA8F With copy to: Asset Manager Facilities and Fleet Management Department City of Miami Beach 1833 Bay Road,Second Floor Miami Beach,FL 33139 Concessionaire and the RDA may change the above mailing addresses at any time upon giving the other party written notification.All notices under this Agreement must be in writing. SECTION 20.LAWS. 20.1 20.2 Compliance. Concessionaire shall comply with all applicable City,County,State,and Federal ordinances,statutes,rules and regulations (including but not limited to all applicable environmental City,County,State,and Federal ordinances, statutes,rules and regulations,as same may be amended from time to time. No Discrimination. Concessionaire hereby agrees hereby agrees to comply with City of Miami Beach Human Rights Ordinance,as codified in Chapter 62 of the City Code, as may be amended from time to time,prohibiting discrimination in employment,including independent contractors,housing,public accommodations,public services,and in connection with its membership or policies because of actual or perceived race,color,national origin,religion, sex,intersexuality,sexual orientation,gender identity,familial and marital status,age,ancestry,height,weight,hair texture and/or hair style,domestic partner status,labor organization membership,familial situation,political affiliation,or disability. SECTION 21.PROHIBITIONS REGARDING SALE OR USE OF EXPANDED POLYSTYRENE FOOD SERVICE ARTICLES OR PLASTIC STRAWS. 21.1 Pursuant to Section 82-7 of the City Code,as may be amended from time to time, effective August 2,2014,the City has prohibited the use of expanded polystyrene food service articles by City Contractors,in connection with any City contract, lease,concession agreement or Special event permit.Additionally,pursuant to Section 82-385 of the City Code,as may be amended from time to time,no polystyrene food service articles will be allowed in the right-of-way,and no polystyrene food service articles can be provided to sidewalk cafe patrons. 21.2 "Expanded polystyrene"is a petroleum byproduct commonly known as Styrofoam. Expanded polystyrene is more particularly defined as blown polystyrene and expanded and extruded foams that are thermoplastic petrochemical materials utilizing a styrene monomer and processed by any number of techniques including, but not limited to,fusion of polymer spheres (expandable bead foam),injection molding,foam molding,and extrusion-blown molding (extruded foam polystyrene). 19 Docusign Envelope ID:B50A4133-802C-465B8-87FA-14B63726DA8F "Expanded polystyrene food service articles"means plates,bowls,cups, containers,lids,trays,coolers,ice chests,and all similar articles that consist of expanded polystyrene. 21.3 Concessionaire agrees not to sell,use,provide food in,or offer the use of expanded polystyrene food service articles at the Demised Premises or in connection with this Lease.Concessionaire shall ensure that all vendors operating in the Demised Premises abide by the restrictions contained in this Section 39.A violation of this section shall be deemed a default under the terms of this Lease. This subsection shall not apply to expanded polystyrene food service articles used for prepackaged food that have been filled and sealed prior to receipt by the Concessionaire or its vendors. 21.4 Additionally,Concessionaire agrees to comply (and ensure compliance by its vendors)with Section 46-92 (c)of the City Cod e,which states that it is unlawful for any person to carry any expanded polystyrene product onto any beach or into any park within the City or for any business to provide plastic straws with the service or delivery of any beverage to patrons on the beach. SECTION 22.Intentionally Omitted. SECTION 23.INSPECTOR GENERA L AUDIT RIGHTS. 23.1 Pursuant to Section 2-256 of the Code of the City of Miami Beach,the City has established the Office of the Inspector General which may,on a random basis, perform reviews,audits,inspections and investigations on all City contracts, throughout the duration of said contracts.This random audit is separate and distinct from any other audit performed by or on behalf of the RDA. 23.2 The Office of the Inspector General is authorized to investigate the RDA and City of Miami Beach affairs and empowered to review past,present and proposed City programs,accounts,records,contracts and transactions.In addition,the Inspector General has the power to subpoena witnesses,administer oaths,require the production of witnesses and monitor RDA and City of Miami Beach projects and programs.Monitoring of an existing RDA or City of Miami Beach project or program may include a report concerning whether the project is on time,within budget and in conformance with the contract documents and applicable law.The Inspector General shall have the power to audit,investigate,monitor,oversee,inspect and review operations,activities,performance and procurement process including but not limited to project design,bid specifications,(bid/proposal)submittals,activities of the Concessionaire,its officers,agents and employees,lobbyists,City staff and elected officials to ensure compliance with the contract documents and to detect fraud and corruption.Pursuant to Section 2-378 of the City Code,the City is allocating a perce ntage of its overall annual contract expenditures to fund the activities and operations of the Office of Inspector General. 23.3 Upon ten (10)days written notice to the Concessionaire,the Concessionaire shall make all requested records and documents available to the Inspector General for inspection and copying.The Inspector General is empowered to retain the services 20 Docusign Envelope ID:B50A4133-802C-465B8-87FA-14B63726DA8F of independent private sector auditors to audit,investigate,monitor,oversee, inspect and review operations activities,performance and procurement proce ss including but not lim ited to project design,bid specifications,(bid/proposal) subm ittals,activities of the Concessionaire its officers,agents and employees, lobbyists,City staff and elected officials to ensure compliance with the contract docum ents and to detect fraud and co rruption. 23.4 The Inspector General shall have the right to inspect and copy all documents and reco rds in the Concessionaire's po ssession,custody or co ntrol which in the Inspector Genera l's sole judgment,pertain to perform ance of the contract, including,but not limited to original estimate files,change order estimate files, worksheets,proposals and agreements from and with succe ssful subco ntractors and suppliers,all project-related co rrespondence,memoranda,instructions, financial docum ents,construction documents,(bid/proposal)and co ntract docum ents,back-change documents,all documents and records which involve cash,trade or volume disco unts,insurance proceeds,rebates,or dividends received,payroll and personnel records and supporting documentation for the afo resaid documents and records. 23.5 The Concessionaire shall make available at its office at all reasonable times the records,materials,and other evidence regarding the acquisition (bid preparation) and perform ance of this Agreement,for examination,audit,or reproduction,until three (3)years after final payment under this Agreement or for any longer period required by statute or by other clauses of this Agreement.In addition: i.If this Agreement is co mpletely or partially term inated,the Conce ssionaire shall make available reco rds relating to the work terminated until three (3) years after any resulting final term ination settlement;and ii.The Conce ssionaire shall make available reco rds relating to appeals or to litigation or the settlement of claims arising under or relating to this Agreem ent until such appeals,litigation,or claims are finally resolved. 23.6 The pro visions in this section shall apply to the Concessionaire,its officers,agents, em ployees,subcontractors and suppliers.The Concessionaire shall incorporate the pro visions in this section in all subco ntracts and all other agreements executed by the Conce ssionaire in co nnection with the perform ance of this Agreement. 23.7 Nothing in this section shall im pair any independent right to the RDA to conduct audits or investigative activities.The provisions of this section are neither intended nor shall they be co nstrued to impose any liability on the RDA by the Concessionaire or third parties. SECTION 24.CONCESSIONAIRE'S COMPLIANCE WITH FLORIDA'S PUBLIC REC O RDS LA W . 24.1 Co ncessionaire shall co mply with Florida Public Records law under Chapter 119, Florida Statutes,as may be amended from time to time. 21 Docusign Envelope ID:B50A4133-802C-465B8-87FA-14B63726DA8F 24.2 The term "public records"shall have the meaning set forth in Section 119.011 (12), which means all documents,papers,letters,maps,books,tapes,photographs, films,sound recordings,data processing software,or other material,regardless of the physical form,characteristics,or means of transmission,made or received pursuant to law or ordinance or in connection with the transaction of official business of the RDA. 24.3 Pursuant to Section 119.0701 of the Florida Statutes,if the Concessionaire meets the definition of "Contractor"as defined in Section 119.0701(1)a),the Co ncessionaire shall: A Keep and m aintain public records required by the RDA to perform the service; B.Upon request from the RDA's custodian of public records,provide the RDA with a copy of the requested records or allow the records to be inspected or copied within a reasonable time at a cost that does not exceed the cost provided in Chapter 119,Florida Statutes or as otherwise provided by law; C.Ensure that public records that are exem pt or co nfidential and exem pt from public records disclosure requirements are not disclosed,except as authorized by law,for the duration of the contract term and following completion of the Agreement if the Concessionaire does not transfer the records to the RDA; D.Upon completion of the Agreement,transfer,at no cost to the RDA,all public reco rd s in possession of the Concessionaire or keep and maintain public reco rds required by the RDA to perform the service.If the Concessionaire transfers all public records to the RDA upon co m pletion of the Agreement,the Concessionaire shall destroy any duplica te public records that are exem pt or confidential and exem pt fro m public records disclosure requirem ents.If the Conce ssionaire keeps and maintains public reco rds upon com pletion of the Agreem ent,the Conce ssionaire shall m eet all applica ble requirem ents for retaining public reco rds.All record s stored electronically m ust be pro vided to the RDA,upon request from the RDA's custodian of public reco rds,in a form at that is com patible w ith the information technology system s of the RDA 24.4 Request fo r Reco rds;Nonco m pliance . A.A request to inspect or copy public records relating to the RDA's contract for serv ices must be made directly to the RDA If the RDA does not possess the requested records,the RDA shall immediately notify the Concessionaire of the request,and the Concessionaire must provide the records to the RDA or allow the records to be inspected or copied within a reasonable time. B.Concessionaire's failure to comply with the RDA's request for records shall constitute a breach of this Agreement,and the RDA,at its sole discretion, may:(1)unilaterally terminate the Agreement;(2)avail itself of the remedies 22 D ocusign Envelope ID :B50A 4133-802C -4658-87FA-14B63726D A 8F set forth under the Agreement;and/or (3)avail itself of any available remedies at law or in equity. C.A Concessionaire who fails to provide the public records to the RDA within a reasonable tim e may be subject to penalties under s.119.10. 24.5 Civil Action. A If a civil action is filed against a Co nce ssionaire to co mpel production of public reco rd s relating to the RDA's contract for service s,the co urt shall assess and award against the Concessionaire the reasonable costs of enforcement,including reasonable attorneys'fees,if: i.The co urt determines that the Concessionaire unlawfully refused to com ply with the public reco rds request within a reasonable time;and ii.At least 8 business days before filing the action,the plaintiff provided written notice of the public reco rds request,including a statement that the Concessionaire has not co mplied with the request,to the RDA and to the Co ncessionaire. B.A notice co mplies with subparagraph (ii)if it is sent to the RDA's custodian of public records and to the Concessionaire at the Concessionaire's address listed on its contract with the RDA or to the Concessionaire's reg istered agent.Such notice s must be sent by co mmon carrier delivery serv ice or by registered ,Global Express Guaranteed,or certified mail,with postage or shipping paid by the sender and with evidence of delivery,which m ay be in an electronic format. C.A Concessionaire who co mplies with a public records request within 8 business days after the notice is sent is not liable for the reasonable costs of enforcement. 24.6 If the Concess ionaire has questions regarding the application of Chapter 119, Florida Statutes,to the Concessionaire's duty to provide public reco rds relating to this Agreem ent,contact the custodian of public reco rds at: MIAMI BEACH REDEVELOPMENT AGENCY c/o CITY OF MIAMI BEACH ATTENTION:RAFAEL E.GRANADO,CITY CLERK 1700 CONVENTION CENTER DRIVE MIAMI BEACH,FLORIDA 33139 E-MAIL:RAFAELGRANADO@MIAMIBEACHFL.GOV PHONE:305-673-7411 23 D ocusign Envelope ID:850A4 133-802C-465B-87FA-1486372 6DA8F SECTION 25.MISCELLANEOUS. 25.1 No Partnership. Nothing contained in this Agreement shall constitute or be construed to be or create a partnership or joint venture between the RDA and Concessionaire. 25.2 Modifications. This Agreement cannot be changed or modified except by agreement in writing executed by all parties hereto.Concessionaire acknowledges that no modification to this Agreement may be agreed to by the RDA unless appro ved by the Members of Miami Beach Redevelopment Agency except where such authority has been expressly provided herein to the Executive Director. 25.3 Com plete Agreem ent. This Agreem ent,together w ith all exhibits inco rporated hereto,constitutes all the understandings and agreem ents of w hatso ever nature or kind existing betw een th e parties w ith respect to Conce ss ionaire's operations, as co ntem plated herein. 25.4 Headings. The section,subsection and paragraph headings contained herein are for co nvenience of reference only and are not intended to define,limit,or describe the scope or intent of any provision of this Agreement. 25.5 Binding Effect. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. 25.6 Clauses. The illegality or invalidity of any term or any clause of this Agreement shall not affect the validity of the remainder of the Agreement,and the Agreement shall remain in full force and effect as if such illegal or invalid term or clause were not contained herein unless the elimination of such provision detrim entally reduces the consideration that either party is to receive under this Agreem ent or materially affects the continuing operation of this Agreement. 25.7 Severability. If any provision of this Agreement or any portion of such provision or the applica tion thereof to any person or circumstance shall be held to be invalid or unenfo rceable,or shall become a violation of any local,State,or Federal law s,then the sam e as so applied shall no longer be a part of this Agreem ent but the rem ainder of the Agreement,such pro visions and the application thereo f to other pers ons or circumstances,shall not be affected thereby and this Agreement shall be so modified. 24 D ocusign Envelope ID :B50A4 133-802C -465B-87FA-14B63726D A8F 25.8 Right of Entry. The RDA,at the direction of the Executive Director,shall at all times during hours of operation,have the right to enter into and upon any and all parts of the Concession Area for the purpo se of examining the same for any reason relating to the obligations of parties to this Agreement. 25.9 Not a Lease. It is expressly unders tood and agreed th at no part,parcel,building, structure,equipment or space is leased to Concessionaire;that this Agreement is a concession agreement and not a lease,and that Concessionaire's right to operate,manage,and maintain the concession shall continue only so long as Concessionaire complies with the underta kings,provisions,agre ements,stipulations and conditions of this Agreem ent. Accordingly,Concessionaire hereby agrees and acknowledges that in the event of term ination of this Agreement,whether due to a default by Concessionaire or otherw ise,Concessionaire shall surrender and yield unto the RDA the Concession Area,in accordance with Subsection 13.8 hereof,and the RDA shall in no way be required to evict and/or otherw ise remove Concessionaire from the Concession Area as if this were a tenancy under Chapter 83,Florida Statutes,nor shall Concessionaire be affo rded any other rights afforded to nonresidential tenants pursuant to said Chapter (the parties having herein expre ssly acknowledged that this Agreement is intended to be a concession agreement and Is in no way intended to be a lease). 25.10 25.11 25.12 Signage. Concessionaire shall provide,at its sole expense and responsibility,any required signs at its concession.All advertising,signage and postings shall be approved by the RDA.and shall be in accordance with all applicable Municipal,County,State and Federal laws and regulations.Any signage posted by Concessionaire shall be subject to the prior approval of the RDA as to size,shape and placement of same. Conflict of Interest. Concessionaire shall perform its services under this Agreement and conduct the concession operation(s)contemplated herein,in a manner so as to show no preference for other concession operations/facilities owned, operated,managed,or otherwise controlled by Concessionaire. No Waiver. 25.12.1 It is mutually covenanted and agreed by and between the parties hereto that the failure of the RDA 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 25 Docusign Envelope ID:B50A4133-802C-465B8-87FA-14B63726DA8F 25.13 remain in full force and effect. 25.12.2 A waiver of any term expressed herein shall not be implied by any neglect of the RDA 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. 25.12.3 The receipt of any sum paid by Concessionaire to the RDA 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 RDA. No Third Party Beneficiary. Nothing in this Agreement shall confer upon any person or entity,other than the parties hereto and their respective successors and permitted assigns, any rights or rem ed ies by reason of this Agreem ent. SECTION 26.LIM ITATIO N OF LI ABILITY . The RDA desires to enter into this Agreem ent placing the m anagem ent and operation of the Concession Area in the hands of a private m anagem ent entity only if so doing the RDA can place a lim it on its liability for any ca use of action for breach of this Agreement,so that its liability for any such breach never ex ce eds the sum of Ten Thousand ($10,000.00)Dollars . Concessionaire hereby expresses its w illingness to enter into this Agreem ent w ith a Ten Thousand ($10,000.00)Dollar lim itation on reco very fo r any action fo r breach of contract.Acco rdingly,and in co nsideration of the separate considera tion of Ten Thousand ($10,000.00)Dollars,the receipt of which is hereby acknow ledged,the RDA shall not be liable to Concessionaire for dam ages to Concessionaire in an amount in exce ss of Ten Thousand ($10,000.00)Dollars,fo r any action for breach of co ntract arising out of the perform ance or non-perform ance of any obligations im po sed upo n the RDA by this Agre em ent.Nothing co ntained in this paragraph or elsew here in this Agreem ent is in any way intended to be a w aiver of lim itation placed upo n the RDA's or City of Miam i Beach's liability as set forth in Florida Statutes,Section 768.28. SECTION 27.VENUE. This Agreem ent shall be deemed to have been made and shall be construed and interp reted in acco rdance w ith the law s 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.THE RDA AND CONCESSIONAIRE HEREBY KNOWINGLY AND 26 Docusign Envelope ID:B50A4 133-802C-465B-87FA-14B6372 6DA8F INTENTIONALLY WAIVE THE RIGHT TO TRIAL BY JURY IN ANY ACTION OR PROCEEDING THAT THE RDA AND CONCESSIONAIRE MAY HEREIN AFTER INSTITUTE AGAINST EACH OTHER WITH RESPECT TO ANY MATTER ARISING OUT OF OR RELATED TO THIS AGREEMENT OR THE CONCESSION AREA. SECTION 28.CONCESSIONAIRE'S COMPLIANCE WITH ANTI-HUMAN TRAFFICKING LAWS. Concessionaire agrees to comply with Section 787.06,Florida Statutes,as may be amended from time to time,and has executed the Certification of Compliance with Anti- Human Trafficking Laws,as required by Section 787.06(13),Florida Statutes,a copy of which is attached hereto as Exhibit 28. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 27 Docusign Envelope ID:B50A4133-802C-465-87FA-14B63726DA8F IN W ITNESS W HEREOF,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. FOR RDA; ATTEST: MIAMI BEACH REDEVELOPMENT AGENCY, a public body corporate politic By: G DocuSigned by: Kafl,Gravalo FOBBBOOBFB5E4CERafaelE.Granado,City Clerk Date Eric T.Carpenter/P.E.,Executlve Director FOR CONCESSIONAIRE: ATTEST:.e- ling ieL Print Name /1/71/&04. Date 28 COLLINS 1560,LLC,a Florida limited liability company APPROVED AS TO FORM &LANGUAGE 8 FOR EXECUTION 9u@a-harr}T7 By: aEnvelope ID:B50A4133-8020-4658-87FA-14B863728" EXHIBIT 2.1 concession Area COL NS AVENUE 29 jjf D o cusig n E nvelo pe ID :B5 0A4 13 3-802C -465B -87F A -14 B6372 6D A 8F EX H IB IT 3.2 Additional Requirements The Concession Area shall be m aintained in a clean,neat and orderly appearance at all times by the Conce ssionaire.The area of the sidewalk,curb and gutter im m ediately adjace nt to the Conce ssion Area shall be cleared of all debris during hours of operation, and again at the close of each business day,or as may otherw ise be determ ined by the Executive Director. The Concessionaire shall be respo nsible for cleaning the floor surface on which the outdoor seating is loca ted at the close of each business day.In addition,the following conditions shall apply: a.Tables,chairs,um brellas and any other outdoor ca fe furniture shall be m aintained in a clean,attract ive,and orderly appearance ,and shall be m aintained and kept in good repair at all tim es; b.All outdoor furniture shall be of high quality,design,materials,and w orkmanship so as to ensure the safety and co nvenience of the public; c.Only the outdoor cafe furn iture spe cifica lly shown on the approved site plan shall be allow ed on the Concession Area; d.All tables,chairs,umbrellas,and any other outdoor furniture shall be readily rem ovable,and shall not be physica lly attached,chained,or in any other manner affixed to any public struct ure,stree t furniture,signage,and/or other public fixture,or to a curb and/or public right-o f-way; e.The stacking or piling up of chairs shall be prohibited on the Co ncession Area; f.At close of business,all tables,chairs and any other outdoor fu rn iture shall be removed fro m the Co ncession Area and stored in a non-visible loca tion fro m the public right-o f-w ay.Any exception to this requirement shall be at the sole and absolute discretion of the Executive Director and/or his/her designee; g.No storage of dishes,silverw are or other sim ilar restaurant equipm ent shall be allow ed on the Conce ss ion Are a,or on any other portion of the public right-of- w ay,or outside the stru ctural co nfines of the building in which the restaurant is loca ted,during non-business hours ; h.There shall be no live entertainment placed on the Concession Area; i.No m enu board(s)shall be perm itted to be displayed on the Concession Area; j.No food preparation,food storage,refrigeration appara tus or equipment,or fire apparatus or equipm ent,shall be allowed on the Concession Area; k.No food displays shall be perm itted on the Concession Area.No advertising signs or business identification signs shall be perm itted,except that the restaura nt name and/or its logo may be perm itted on um brellas but such logos and/or lettering may not exce ed six inches in height; I.Plants shall be prope rly m aintained.Distressed plants shall be promptly replaced.Plant fertilizers w hich co ntain material that ca n stain the sidewalks shall not be allow ed;and 30 D o cusign Envelope ID:B50A4 133-802C-465B-87FA-14B6372 6DA8F m.The Executive Director or his/her designee may cause the immediate removal, relocation and/or storage of all or part of any furniture located on the Concession Area in emergency situations or for public safety considerations. Upon written and/or verbal notification by the Executive Director of a hurricane or other major weather event,or the issuance of a hurricane warning by Miami- Dade County,whichever occurs first,the Concessionaire shall,within no more than four hours of same,remove and place indoors all tables,chairs and any other outdoor furniture located on the Concession Area.The notification by the Executive Director of a hurricane or other major weather event,or the issuance of a hurricane warning,shall constitute a public emergency situation as referenced in this division.The Executive Director may remove,relocate, and/or store any outdoor furniture found on the Concession Area that has otherwise not been removed by the Concessionaire pursuant to this subsection.Any and all costs incurred by the RDA for removal,relocation and/or storage of Concessionaire's furniture shall be the responsibility of the Concessionaire. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 31 Docusign Envelope ID:B50A4 133-802C-465B-87FA-14B6372 6DA8F EXHIBIT 28 HUMAN TRAFFICKING AFFIDAVIT In accordance with Section 787.06 (13),Florida Statutes,the undersigned,on behalt of Concessionaire hereby attests under penalty of perjury that Concessionaire does not use coercion for labor or services as defined in Section 787.06,Florida Statutes,entitled "HumanTrafficking'. I understand that I am swearing or affirming under oath to the truthfulness of the claims made in this affidavit and that the punishment for knowingly making a false statement includes fines and/orimprisonment. The undersigned is authorized to execute this affidavit on behalf of Concessionaire. CONCESSIONAIRE: COLL INS 1560,LLC,a Florida limited liability company /5if0 (lino he on±.1.2 @aress)llio]ea,PL,3 -/39 State of County of hlcoipo± HiAi Dn The foregoing instrument was acknowledged before me by means of physical presence or D online notarization,this l_day ot poveNbr_,2024 by Banjac,Mrostav,as President of Collins 1560,LLC,a Florida limited liability company,known to me to be the person described herein,or who produced as identification,and who did/did not take an oath. NOTARY PUBLIC: ~die F.peg (Signature)7 MARiE FE 'PAuk (Print Name) My commission opes:Jo y-7.202 & jg},ME FLUOROELUI Pa I rg'f.~Y:\llolllY Pllbllc.Slllt of ,ionc.• i:'Ji/Commis sion t HM 410%t d "?#f wcm.ties we 1,24 P 4 ended tNrugh National Moury Ans. 32 D ocusign Envelope ID:B50A4 133-802C-465B-87FA-14B6372 6DA8F RESOLUTION NO 680-2022 A RESOLUTION OF THE CHAIRPERSON AND MEMBERS OF THE MIAMI BEACH REDEVELOPMENT AGENCY (RDA),ACCEPTING THE RECOMMENDATION OF THE CITY'S FINANCE AND ECONOMIC RESILIENCY COMMITTEE,AND APPROVING,IN SUBSTANTIAL FORM,A LEASE AGREEMENT BETWEEN THE RDA (LANDLORD)AND COLLINS 1560,LLC D/BIA LIME TREE CAFE (TENANT),FOR USE OF APPROXIMATELY 2,697 SQUARE FEET OF GROUND FLOOR RETAIL SPACE AT THE ANCHOR SHOPS AND GARAGE,AS AN UPSCALE FRENCH-ITALIAN FUSION CAFE,LOCATED AT 1560 COLLINS AVE, SUITE NOS.1-2 (PREMISES),FOR A PERIOD OF NINE (9)YEARS AND TWO-HUNDRED AND SEVENTY-TWO (272)DAYS;AND FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO FINALIZE AND EXECUTE THE LEASE AGREEMENT. WHEREAS,the Miami Beach Redevelopment Agency (the "RDA")is a public body corporate and politic,which owns that certain project commonly known as the "Anchor Shops",containing a garage and ground floor retail spaces located in the area bounded by Washington Avenue and Collins Avenue,in the proximity of 16 Street;and WHEREAS,pursuant to a Professional Service Agreement with the City of Miami Beach (the "City"),CBRE,Inc.is authorized to provide real estate brokerage services for the City,and served as the listing agent for the ground floor retail space at the Anchor Shops, located at 1560 Collins Avenue,Suites 1-2 (Premises);and WHEREAS,as a prospective tenant for the Premises,CBRE has identified Collins 1560,LLC,a Florida limited liability company (Tenant);and WHEREAS,as part of lease negotiations,the Tenant provided a sample menu,and Letter of Intent (LOI),which are set forth as exhibits to the Redevelopment Agency Memorandum accompanying this Resolution;and WHEREAS,the Tenant executed a Letter of Intent containing the essential business terms and conditions outlined below: Premises:1560 Collins Avenue,Suite 1-2,Miami Beach,Florida 33139; Size:Approximately 2,967 rentable square feet; Term:Nine (9)years and Two-Hundred Seventy-Two (272)days; Renewal Options:None; Lease Commencement Date,Rent Commencement Date,and Rent/Operating Expense Abatement Period: Lease Commencement Date will be the date.Landlord delivers the Premises to D o cusig n Envelope ID :B50A4 133-802C -465B-87FA -14B6372 6D A8F Tenant; Rent Commencement Date will be the Lease Commencement Date; Rent and Operating Expense Abatement period:Months 2-7 of the Lease Term; Rent Abatement period:Months 8-18 of the Lease Term.Tenant shall be required to pay all Operating Expenses during the Rent Abatement period; M in im u m B ase R ent:$75.00 per rentable square foot,plus applicable sales tax; $202,275.00 per year;$16,856.25 per month; Percentag e Rent:Six percent (6%)over the natural breakpoint of $3,371,250.00 for first Lease Year,and resets again each subsequent Lease Year,based upon the Base Rent for each subsequent Lease Year; A n n ual R ent In c reases:The Minimum Base Rental rate shall be increased by three percent (3%)annually; Lease B asis :Tenant shall pay its pro rata share of Real Property Taxes,Property Insurance and Common Area Maintenance for the Project.Tenant's pro rata share shall be determined based upon the ratio of Premises'floor area to the total floor area of all the retail space in the project;current estimate for NNN costs are $14.00 per square foot; P rep aid R ent:First month's rent,including sales tax,in the amount of $21,302.93; Sec urity D e p o sit:The amount of $40,005.50 shall be due upon execution of the Lease documents,in addition to first month's rent; G u aranto r:Full personal guaranty shall be required by all owners and spouses; U tlll ties:Tenant shall be responsible for the cost of its utilities (electricity,trash removal,and water and sewer expense); Construction Allowance:Tenant shall accept the premises in "AS-IS"condition and shall perform any necessary work at its sole cost and expense,including the installation of DERM-approved grease traps;and U se :Tenant shall use the Leased Premises solely for the purpose of operating an upscale French Italian fusion cafe;and will be permitted to sell liquor for on-premises consumption so long as Tenant obtains all the necessary licenses and approvals from the governing municipalities;provided that the primary use of the Premises cannot be a lounge bar or primarily serve Cuban or Latin cuisine;and W H E R EA S ,in the event,the Tenant desires to use the exterior area,adjacent to a portion of the Premises,Tenant shall be required to execute a Concession Agreement and the square footage allowable shall be subject to approval by the Executive Director,as well Docusign Envelope ID:B50A4 133-802C-465B-87FA-14B63726DA8F as all other governmental City approvals;with the additional square footage being subject to payment of a Concession Fee,in the amount of $30.00 per square foot,with 3%annual increases during the Term,plus applicable sales tax;and WHEREAS,the Letter of Intent was submitted at the October 31,2022 Finance and Economic Resiliency Committee (FERC)meeting and the FERC recommended in favor of approving a new lease with Collins 1560,LLC based upon the terms and conditions outlined herein;and WHEREAS,per the Agreement with CBRE,the City will be obligated to pay a leasing commission equal to four percent (4%)of the gross aggregate base rent over the initial five years of the lease;therefore,based on the initial five-year gross aggregate base rent of $1,073,905.45,the total commission owed CBRE will be $42,956.22;and WHEREAS,the City will be paying 50%of the commission ($21,478.11)upon lease execution and 50%($21,478.11)upon occupancy of the Premise and payment of first month's rent;and WHEREAS,based upon the competitive rental rate and the favorable lease terms, the Executive Director recommends.accepting the recommendation of the FERC and approving,in substantial form,the proposed new lease agreement,incorporated herein by reference and attached to the Redevelopment Agency Memorandum accompanying this Resolution as Composite Exhibit "E". NOW,THEREFORE,BE IT DULY RESOLVED BY THE CHAIRPERSON AND MEMBERS OF THE MIAMI BEACH REDEVELOPMENT AGENCY,that the Chairperson and Members of the Miami Beach Redevelopment Agency hereby accept the recommendation of the City's Finance and Economic Resiliency Committee,and approve, in substantial form,a Lease agreement between the Miami Beach Redevelopment Agency (RDA)(Landlord)and Collins 1560,LLC (Tenant),for use of approximately 2,697 square feet of ground floor retail space at the Anchor Shops and Garage,as a un upscale French- Italian fusion cafe,located at 1560 Collins Ave,Suites Nos.1-2 (Premises),for a term of nine (9)years and two-hundred and seventy-two (272)days;and further authorize the Executive Director to finalize and execute the lease agreement. PASSED and ADOPTED this /8 day or Deepuber 2022. Dan Gelber,Chairperson A PPRO V ED A S TOFORM&LANGUAGE+'h (]-2 Re de ve lo pme n t Age8g},,-Dat e Ge ne ra l cou,D[]