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HomeMy WebLinkAboutExhibitAugust 29, 2022 Lucia Custer NAI Miami Via Email: lcusterknaimiami.com IYAIMiami Re: Counter Proposal to Lease Space at Westpark Center Dear Lucia, On behalf of the City of Miami, we are pleased to submit this counter proposal. This letter is written to summarize the material points which the City of Miami is proposing regarding the space for lease. The proposed terms of the lease are: Premises: Westpark Center 2858 NW 79th Avenue Miami, FL 33122 Size: Approximately 2,758 rentable square feet. Tenant: City of Miami, a municipal corporation of the State of Florida. Primary Lease Term: sixty (60) months. Lease Commencement: October 1, 2022 Base Rent: $25.00 per rentable square foot with five percent (5%) annual increases. TICAM: Property taxes, insurance and common area maintenance are included in the Base Rent. There shall be no pass throughs of increases in TICAM. Electric: The Premises is separately metered and the responsibility of the Tenant. Janitorial: Tenant shall provide its own janitorial service. r- 0 u ro 0 0 0 co c» M 0 r» r» m 2 0 E m 10 0 0 r» a) D c co 2) X_ 0 t :3 O V1 Ln Ln HVAC: Tenant shall enter into and maintain at all times a regularly scheduled preventative maintenance & repair service for the air conditioning system and equipment within the Premises, including but not limited to filter changes, cleaning of coils, freon, etc. Landlord requires a qualified HVAC contractor to perform this work. Landlord shall warrant the HVAC unit(s) serving the Premises for a period of six (6) months. Tenant shall be responsible for all repairs to the HVAC unit(s) servicing the Premises, up to a maximum of $750.00 per unit per year. Landlord shall be responsible for any replacement if needed and not caused by Tenant's misuse or failure to provide the required maintenance. Condition of Premises: Landlord shall deliver the Premises in the following condition: 1. Landlord shall remove the walls cross -hatched in red in Exhibit A of this counter proposal. 2. Landlord shall deliver the Premises with all electrical, plumbing and HVAC in good working order. Modifications to Premises: With Landlord's approval, Tenant will be permitted to make modifications to the interior of Premises at its own expense based on mutually approved architectural and engineering plans. Tenant's contractors and subcontractors must be approved by Landlord. Tenant must obtain all required permits. Landlord grants Tenant permission to install hurricane shutters on the inside of the Premises at Tenant's sole cost and expense. At Landlord's sole and absolute discretion, at the end of the lease term or any extensions thereof, Landlord may require Tenant to remove the shutter and repair the walls, flooring and ceiling, if and where necessary to Landlord's satisfaction, or Landlord may elect to keep the shutters at no cost. Security Deposit: None required. Disclosure: You are hereby informed that Lucia Custer and Gabriel Garcia-Menocal of NAI Miami are acting as the Landlord's Designated Agent, and Claire Holash and Jeremy Larkin of NAI Miami are acting as the Tenant's designated agents. This letter strictly represents a written clarification of the material aspects of the proposed lease under consideration. This submission does not constitute an offer to lease. The lease shall only be valid after it is signed by the Tenant, countersigned by the Landlord and a fully executed original thereof is provided to the Tenant. The terms described above shall be subject to the Landlord's standard lease agreement with all rights and obligations therein and the review of financial information, requested by Landlord, of the Tenant and its principals, including credit checks and the written authorization to do such credit checks. If this proposal is satisfactory, please sign below and we will have the Landlord prepare a lease document for your review and execution. We look forward to finalizing a lease transaction. Sincerely, 6°a qa-6".1t Claire Holash Vice President Acknowledged and agreed to this day of August, 2022. Name: As its: