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Amendment: scrivener's error vehicle fuel or mileage charges or other costs associated:lwith.tr~~1-~N~,,~xgEfoses associated to leasing advertisement and promotion of the J2r~mises shall nave' prior written approval of Owner. LUG;) H~R I 7 PM 2: 13 B. "Operating Supplies", which term shall mean the reasonable and necessary cost for cleaning materials, lights bulbs and other consumable and expendable items required in the facility maintenance for the Project; C. "Repair and Maintenance", which term shall mean the reasonable and necessary expenses for the upkeep and maintenance of the Project. This term shall not include structural repairs, which will be performed by the Owner. D. "Other Operating Expenses", which term shall mean such other reasonable and necessary costs and expense set forth in the Approved Budget for items necessary to the operation of the Project. 8.3 Reimbursement Procedure Contractor shall submit with each Monthly Report, described in Section 7.2, invoices detailing eligible reimbursable expenses described above in 8.2 , proof of payment for said expenses, such as returned check or credit card receipts, and a cover page organizing, in a manner following good accounting practice, the reimbursement request. 9. Term and Termination. 9.1 Term. This Agreement is for an initial term of approximately three (3) years. The term of this Agreement shall commence on Mav 1. 2003, and terminate on x:?1J April 30. 2005, April 30. 2006 unless sooner terminated as provided herein. At Owner's ~ sole optional discretion, this Agreement may be renewed for an additional one year term, upon the same terms and conditions, upon thirty (30) days notice to contractor'G>>\1 \0 ( prior to the expiration of the initial Term. #' 9.2 Termination bv Owner. Owner may, at all times during the term of this Agreement and any extension thereof, terminate this Agreement in the event that: i. In Owner's sole and final opinion, Contractor has mismanaged the Project and not properly performed its duties relative to the management, operation, maintenance or servicing of the Project, or has otherwise defaulted in the performance of its obligations hereunder; or ii. A receiver, liquidator or trustee of Contractor shall be appointed by court order, or a petition to liquidate or reorganize Contractor under any bankruptcy, reorganization or insolvency law, and such order or petition is not vacated or dismissed within 60 days, or Contractor 12 ~ ^/52- UJtJs MIAMI BEACH REDEVELOPMENT AGENCY 1700 Convention Center Drive, Miami Beach, FI. 33139 http:\\ci.miami-beach.f1.us Telephone (305) 673-7010 Facsimile (305) 673-7782 March 21,2005 TO: FROM: Robert Parcher City Clerk Kent O. Bon~ Redevelopmenj,JdOordinator RE: Anchor Shops Management & Leasing Agreement Correction The purpose of this Memorandum is to advise you of a correction that is required to the Management and Leasing Agreement between the Miami Beach Redevelopment Agency (RDA) and the Miami Beach Community Development Corporation (MBCDC), dated April 30, 2003, for the Management and Leasing of the Retail Component of the Anchor Shops and Parking Garage. Specifically, Section 9.1 of the Agreement provides for an initial term of approximately three (3) years~ay 1, 2003, and terminating on what should read as April 30, 2006. ~as the termination date as April 30, 2005. According to the City Attorney's Office, this may be remedied by correcting the termination date in the Agreement and having both parties acknowledge the changes by initialing and dating the subject page. The pages have already been initialed and dated by Roberto Datorre of MBCDC and now require same by the Chairman (Mayor). Once this is done, please return two copies to my attention. Thank you. KOB: Attachments Cc: Tim Hemstreet, Assistant City Manager Raul Aguila, First Assistant City Attorney Gus Lopez, Procurement Director