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HomeMy WebLinkAboutR-86-0300J-86-83 u RESOLUTION NO. $G- 4.'00 A RESOLUTION AUTHORIZING THE CITY MANAGER TO ENTER INTO A LEASE AGREEMENT, FOR AN APPROXIMATE FIFTEEN -YEAR PERIOD TERMINAT- ING ON DECEMBER 1, 20009 WITH CASINO ESPANOL DE LA HABANA, INC., A NON-PROFIT CORPORATION, FOR A LEASE OF APPROXIMATE- LY 30,000 SQUARE FEET OF LAND, SITUATED ON THE NORTHEASTERLY CORNER OF THE MARINE STADIUM COMPLEX, AT A MINIMUM ANNUAL BASE RENT OF $39000 OR 2.5% OF ALL GROSS RECEIPTS FROM SUCH ACTIVITIES AS MAY BE APPROVED BY THE CITY MANAGER PURSUANT TO THE LEASE AGREEMENT, EXCLUDING MEMBERSHIP FEES OR CONTRIBUTIONS, WHICHEVER IS GREATER. WHEREAS, Resolution 85-1088 passed and adopted October 24, 1985, accepted in principle the proposal of Casino Espanol de la Habana, Inc., a non-profit corporation; and .WHEREAS, said resolution also authorized and directed the City Manager to negotiate a lease agreement with Casino Espanol de la Habana, Inc.; and WHEREAS, said resolution further directed the City Manager to present the negotiated lease agreement to the City Commission as soon as practicable for final consideration and approval by the City Commission prior to the execution of said contract; and WHEREAS, Property & Lease Management negotiated the terins and conditions of the heretofore mentioned lease with Casino Espanol de la Habana, Inc., substantially improving the return to the City from that initially proposed by Casino Espanol de la Habana, Inc.; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The City Manager is hereby authorized to enter into a lease agreement, for an approximate fifteen (15) year period.terminating on December 1, 2000, with Casino Espanol de la Habana, Inc., a non-profit corporation, for lease of. approximately 30,000 square feet of land, situa ed on the 1 CITY COMMISSION MEESf:TINQ op 07 APR 22 080 northeasterly corner of the Marine Stadium Complex, at a minimum annual base rent of $3,000 or 2.5% of all gross receipts from such activities as may be approved by the City Manager pursuant to the Lease Agreement, excluding membership fees and contributions, whichever is greater. PASSED AND ADOPTED this 22nd day of APRIL , 1986. PREPARED AND APPROVED BY: ROBERT F. CLAR CHIEF DEPUTY CITY ATTORNEY APPROVED TO FORM AND CORRE E LUCIA A. ADOUGHrRTY CITY ATTORNEY E ;AV,I-E'R L. SUAREZ, ..MAY`OR- LEASE AGREEMENT THE LEASE AGREEMENT, made and entered into this day of 1986, by and between the CITY OF MIAMI, a municipal corporation of the State of Florida (hereinafter called the "LESSOR"), and CASINO ESPANOL DE LA HABANA, INC., a non- profit corporation, (hereinafter called the "LESSEE"). Now, therefore, in consideration of the mutual covenants hereinafter contained, the parties hereto covenant and agree as follows: 1. -PREMISES TO BE LEASED For and in consideration of the mutual covenants hereinafter set forth, the LESSOR does hereby lease to the LESSEE 309000 square feet of unimproved property, described on the attached Exhibit I, situated on the northeasterly corner of the Marine Stadium Complex Lagoon at Virginia Key. 2. TERMS OF LEASE AGREEMENT The term of this Lease Agreement shall be for approximately fifteen (15) years beginning on the date of the execution of this Lease Agreement, and expiring on December 1, 2000. 3. USE OF PROPERTY LESSEE agrees that the property herein leased shall be used for the purpose of conducting aquatic sports activities and promoting international competition. LESSEE agrees to comply with all State, County and City rules and regulations, and any other agency that may have jurisdiction in these matters. LESSEE shall not engage in sale of food, drinks, or alcoholic beverages, or sale of any other merchandise to the public without first obtaining the written consent and adhere to any mandate made as a consequence by City Manager of the CITY. 4. IMPROVEMENT LESSEE agrees that no construction, repairs, alterations or improvements may be undertaken upon the demised premises unless the plains: (1) Be first submitted to Property and Lease Management, for presentation and review by all Departments and Offices with jurisdiction, and -1- $6.. 300 (2) Be approved by the City Manager of the City of Miami, Dade County, Florida, and (3) Be in compliance with all State, County and City rules and regulations, and any other agency that may have jurisdiction in these matters. LESSEE also agrees to obtain all the necessary and applicable permits in compliance with all State, County and City rules and regulations, as well as proof of adequate financing, for construction of improvements to commence, within eighteen (18) months after execution of this Lease Agreement. Failure to obtain all the heretofore mentioned permits or to provide proof of adequate financing, may cause, but not obligate, LESSOR to terminate this Lease Agreement per Section 17, Termination. LESSEE further agrees that costs of constructing, improving and maintaining roads of ingress and egress to the leased area are its responsibility. Upon completion of construction, the paid invoices, receipts and other such documents shall be submitted to the City Manager and shall be incorporated herein and attached hereto. S. CONSIDERATION LESSEE does hereby covenant and agree to pay the LESSOR, as rental for the use and occupancy of the Leased Premises throughout the period of this Lease Agreement, the sum of Three Thousand Dollars ($3,000.00) per year in advance, payable in twelve equal monthly installments, beginning on the date of the execution of this Lease Agreement, and on the first day of each and every month thereafter for the period of time the LESSEE occupies the demised premises, or 2 1/2% of all gross receipts, from such activities as may be approved by the City Manager, whichever is greater. "Cross receipts" is defined as all income, whether collected or accrued, from any and all activities as may be approved pursuant to Section 3, conducted on the property, including but not limited to sale of food and beverage, goods and services, or from any other source, but excluding membership fees or contributions. 8E "_ 300. 6. INSURANCE Lessee shall maintain during the term of this Lease Agreement the following insurance: A. General Liability Insurance on a Comprehensive General Liability coverage form or its equivalent, with a combined single limit of at least One Million Dollars ($1,000,000.00) for bodily injury and property damage liability. Products and completed operations coverage, personal injury, contractual liability, and premises medical payments coverages shall be included. The CITY shall be named as an Additional Insured. B. Automobile Liability Insurance covering all owned, non - owned and hired vehicles in amounts of not less than $100,000.00 per, accident and $300,000.00 per occurrence for bodily injury and $25,000.00 property damage. C. Should structures) be built subsequent to this agreement, the City holds the right to require All Risk Property insurance coverage on a replacement cost basis for real and personal property located on the designated premises leased to the Lessee by the Lessor. The City shall be named as a Named Insured on such policy. D. The policy or policies of insurance required shall be written in a manner such that the policy or policies may not be canceled or materially changed without sixty (60) days advance written notice to the LESSOR. Written notice shall be sent to the Risk Management Division, Department of Finance. Evidence of compliance with the insurance requirements shall be filed with the Risk Management Division of the City of Miami prior to execution of this Lease Agreement and each renewal. Such insurance shall be subject to the approval of the Risk Management Division. All insurance policies required must be written by a company or companies rated at least "A" as to _ 3 _ 86---300 7 0 management and Class "X" as to financial strength, in the latest edition of the Best's Insurance Guide, published by Alfred M. Best Company, Inc., 75 Fulton Street, New York, N.Y. Compliance with the foregoing requirements shall not relieve the LESSEE of its liability and obligations under this section or under any other portion of this Lease Agreement. 7. INDEMNIFICATION LESSEE covenants and agrees that it shall indemnify, hold harmless, and defend the LESSOR from and against any and all claims, suits, actions, damages or causes of action arising during the term of the Lease Agreement for any Personal Injury, Loss of Life, or Damage to Property sustained in or about the Leased Premises, by reason of or as a result of the LESSEE'S occupancy thereof, and from and against any orders, judgments or decrees which may be entered thereon, and from and against all cost, attorney's fees, expenses and liabilities incurred in and about the defense of any such claim and the investigation thereof. 8. LICENSES LESSEE shall obtain and pay for all licenses and permits for the operation of the Leased Premises, if applicable, in compliance with all State, County and City rules and regulations, and any other agency that may have jurisdiction in these matters. 9. DAMAGES OR LOSS TO LESSEE'S PROPERTY LESSEE releases the LESSOR from any and all liability, cost or expenses for damage, or loss to the LESSEE'S property for any cause whatsoever. Fencing around the premises and security are the sole responsibility of the LESSEE. 10. UTILITIES LESSEE shall pay for all utilities consumed on the premises as well as connection and installation charges thereof and waste collection, if any. 11. MAINTENANCE OF LEASED PREMISES LESSEE covenants and agrees that it shall, at its own cost and expense, maintain all Leased Premises in good and operable r 86-3oa condition during the term of this Lease Agreement, and will keep the Leased Premises in a condition of proper cleanliness, orderliness and state of attractive appearance at all times. LESSEE also agrees that all improved common areas utilized by the LESSEE, such as the perimeter road, will be maintained by LESSEE at its expense. LESSEE further agrees that maintenance of the access road will also be maintained by LESSEE at its expense. If the Leased Premises are not kept clean and. attractive in appearance or proper state of repair, at the option of the LESSOR, or his designated agent, the LESSEE shall be so advised, and, if not corrected by the LESSEE •within seven (7) days time, the LESSOR may cause the Leased Premises to be cleaned and/or repaired at the LESSEE's cost and expense, and the LESSEE shall reimburse the LESSOR within thirty (30) days from the notice to the LESSEE, for said costs and.charges. Continued breach of this section will be considered a default of this Lease Agreement. 12. ASSIGNMENT AND SUBLETTING OF PREMISES LESSEE shall not, at any time during the term of this Lease Agreement, sublet any part of the premises, or assign this•Lease Agreement or any portion or part thereof, except and by virtue of written authorization granted by the City Commission to the LESSEE. 13. SUCCESSORS AND ASSIGNS This Lease Agreement shall be binding upon the parties herein, their heirs, executors, legal representatives, successors, and assigns. 14. EXAMINATION OF PREMISES LESSEE agrees to permit the LESSOR'S City Manager or his designee to enter upon the Leased Premises at any time for any purpose the LESSOR deems necessary to, incidenta•1 to or connected with the performance of the LESSOR'S duties and obligations hereunder or in the exercise of its rights or functions. y 86-3,00 "1 � 15. ADVERTISING LESSEE shall not permit any signs or advertising matter to be placed on any portion of the Leased Premises except with prior written approval of the City Manager or his designee. 16. RULES AND REGULATIONS LESSEE agrees that it will abide by any and all rules and regulations pertaining to the use of the Leased Premises which are not in effect, or which may at any time during the term of the Lease Agreement be promulgated. 17. TERMINATION LESSEE agrees that it will perform and abide by all the terms and covenants of this Lease Agreement. In the event of any breach of any such term or covenant the LESSOR may terminate this Lease Agreement upon thirty (30) days notice of the LESSEE. LESSOR may terminate this Lease Agreement with or without cause upon thirty (30) days notice, in writing, of the LESSOR'S intention to cancel this Lease Agreement, provided, however, the LESSOR shall pay to the LESSEE the actual cost of the improvements (as evidenced by the documents included in this Lease Agreement pursuant to Section 4) which will take into consideration the unamortized life of the improvements based on a fifteen (15) year straight line of depreciation schedule. Payment of the depreciated actual cost of the improvements, if any, shall be made as of the date of such cancelldtion of the Lease Agreement and must be paid within thirty (30) days of the ensuing budget year. .18. DEFAULT PROVISION In the event that LESSEE shall fail to comply with each and every term and condition of this Lease Agreement or fails to perform any of the terms and conditions contained herein, then LESSOR, at its sole option, upon written notice to LESSEE may cancel and terminate this Lease Agreement, and all payments, advances, or other compensation to be paid to LESSEE by LESSOR in terminating this Lease Agreement shall be forfeited by LESSEE as liquidated damages. B6-- 300 1.04 V 19. GENERAL CONDITIONS A. All notices or other communications which shall or may be given pursuant to this Lease Agreement shall be in writing and shall be delivered by personal service, or by registered mail addressed to the other party at the address indicated herein or as the same may be changed from time to time. Such notice shall be deemed given on the day on which personally served; or if by mail, on the fifth day after being posted or the date of actual receipt, whichever is earlier. CITY OF MIAMI CASINO ESPANOL DE LA HABANA INC. C ty.Manager 125 NE 2nd Avenue P. 0. Box 330708 Miami, Florida 33132 Miami, Florida 33133 B. Title and paragraph headings are for convenient reference and are no% a part of this Lease Agreement. C. In the evert of conflict between the terms of this Lease Agreement and any terms or conditions contained in any attached documents, the terms in this Lease Agreement shall rule. 20. SURRENDER OF PREMISES Upon termination of this Lease Agreement by lapse of time or otherwise, the LESSEE will promptly and peacefully surrender and deliver possession to the LESSOR of the premises to which this Lease Agreement is applicable', in accordance with the covenants herein contained. 21. NON-DISCRIMINATION LESSEE agrees that there will be no discrimination against any person on account of race, color, sex, religious creed, ancestry, national origin, mental or physical handicap, in the use of the demised premises and the improvements thereof. It is expressly understood that upon presentation of any evidence of discrimination the LESSOR shall have the right to terminate this Lease Agreement. 22. AFFIRMATIVE ACTION PLAN 1 An affirmative action plan requires that action be taken to provide'equal opportunity, as -in hiring or admission, for members of previously disadvantaged groups, such as women and minorities, and often involves specific goals and timetables. LESSEE, in furtherance of providing equal opportunity- for previously disadvantaged groups such as minorities, shall institute an Affirmative Action Plan. 23. AMENDMENTS ` LESSOR may, at its discretion, amend the Lease Agreement to conform with changes in applicable City, County, State and Federal laws, directives, guidelines and objectives. Such amendments shall be incorporated as a part of this Lease Agreement. No amendments to this Agreement shall be binding on either party unless in writing and signed by both parties. 24. AWARD OF AGREEMENT LESSEE warrants that it has not employed or retained any person employed by the LESSOR to solicit or secure this Lease Agreement and that it has not offered to pay, paid, or agreed to pay any person employed by the LESSOR any fee, commission, percentage, brokerage fee, or gift of any kind contingent upon or resulting from the award of. making this Lease Agreement. 25. CONFLICT OF INTEREST LESSEE covenants that no person under its employ who presently exercises any functions or responsibilities in connection with this Lease Agreement has any personal financial interests, direct or indirect, in this Lease Agreement. The LESSEE further covenants that, in the performance of this Lease Agreement, no person having such conflicting interest shall be employed. Any such interests on the part of the LESSEE or its employees, must be d13clo3eJ in writing to the LESSOR. LESSEE is aware of the conflict of interest laws of the City of Miami (Miami City Code Chapter 2, Article V), Dade County, Florida (Dade County Code, Section 2-11.1) and the Florida Statutes, and agrees that it will fully comply in all respects with the terms of said laws. 4- 8E--300. LESSEE, in the performance of this Lease Agreement, shall be subject to the more restrictive law and/or guidelines regarding conflict of interest promulgated by federal, state or local government. 26. CONSTRUCTION OF AGREEMENT This Lease Agreement shall be construed and enforced according to the laws of the State of Florida. 27. SEVERABILITY In the event any paragraph, clause or sentence of this Lease Agreement or any future amendment is declared invalid by a court of competent jurisdiction, such paragraph, clause or sentence shall be stricken from the subject Lease Agreement and the balance of the Lease Agreement(S) shall not be affected by the deletion thereof. , 28. INDEPENDENT CONTRACTOR LESSEE and its employees and agents shall be deemed to be independent contractors, and not agents or employees of LESSOR, and shall not attain any rights or benefits under the Civil Service or Pension Ordinances of CITY, or any rights generally afforded classified or unclassified employees; further it shall not be deemed entitled to the Florida Workers' Compensation benefits as an employee of LESSOR. 29. COMPLIANCE WITH FEDERAL, STATE AND LOCAL LAWS Both parties shall comply with all applicable laws, ordinances and codes of Federal, State and Local Governments. 30. MINORITY PROCUREMENT COMPLIANCE LESSEE acknowledges that it has been furnished a copy of Ordinance No. 9775, the Minority Procurement Ordinance of the City of Miami, and agrees to comply with all applicable substantive and procedural provisions therein, including any amendments thereto. 31. WAIVER_ No waiver of any provision hereof shall be deemed to have been made unless such waiver be in writing signed by the City. 86-300. -9- The failure of the City of Miami to insist upon the strict performance of any of the provisions or conditions of this Lease Agreement, shall not be construed as waiving or relinquishing in the future any such covenants or conditions but the same shall continue and remain in full force and effect. 32. AUDIT RIGHTS LESSOR reserves the right to audit the records of LESSEE at any time during the performance of this Agreement and for a period of one year after the expiration date. 33. ENTIRE AGREEMENT This instrument and its attachments constitute the sole and only Agreement of the parties hereto relating to said grant and correctly sets forth the rights, duties, and obligations of each to the other as of its date. Any prior agreements, promises, negotiations, or representations not expressly set forth in this Agreement are of no force or effect. IN WITNESS WHEREOF, the parties hereto have individually, through their proper officials, executed this Lease Agreement the day and year above written. LESSOR: THE CITY OF MIAMI, FLORIDA a Municipal Corporation of The State of Florida BY CITY MANAGER ATTEST: MATTY HIRAI, CITY CLERK APPROVED AS TO FORM AND CORRECTNESS LUC A A. DOUGHERTY CITY ATTORNEY APPROVED AS TO INSURANCE REQUIREMENTS RISK MANAGEMENT LESSEE: CASINO ESPANOL DE LA HABANA, INC., a non- profit corporation BY P ESIDENT (SEAL) ATTEST: CORPORATE SECRETARY -10- 8f -300 PROPOSED LEASE AREA ND, 6 AT HARM STADIA! LEGAL DESCRIPTION Commence at the S.E. corner of•Sectiop 17. Township 54 Southe Range 42 East; thence run N 89056149.51, V along the southerly line of said Section 17•for &.distance of 2709.32 feet, acre or less, to a point of intersection with a line•being 660.00 feet northeasterly. of and parallel with the centerline of Rickenbacker C;tuseray; thence run N 45*22'07" W along said line beiisg 660:00 feet northeasterly of and parallel with the centerline of Rickenbacker Causeway for a distance of 766.85 feet= thence N 60-34'-32" 8 &logs a Use which is 40 feet Southeasterly and parallel with the southeasterly line of the "PLANET OCEAN PROP I"' a distance of 265 feet to a Point an Center of the perimeter road having a radius of ' 790 feet whose bearing from the center ii.S C32120" 8; thence northeasterly along said curve a distance of.'1123.93 *.feet to the Point of Beginning of the hereinafter described parcel of land= thence continue along the are of said curve having a raduuss of 790 feet which bearing is a 86011134" W for a distance- of 496.37 feet through a central angle of 36sto a Point on Canter with aline which is 1540 fat northeasterly of and parallel with the City Limits of Minds thence S 43022107" E along the aforesaid described lime 340 feet; thence $ 24 =40' S3" W a distance of 263 f feet to the Point of Beginning. Containing MOO *-Square feet EXHIBIT....1 . 86 -3oo. EXHIBIT 2 EXHIBIT 2 �,:•�I•, �r • • . �•�fY�l�• C ��71G• r�,i• I�y1 �� • M�gw yw. .••,S ••w.,,!\I .�. •:�.:. r►v: �j' ��:,%� F&OPOSED LCAS! +;••• •� •~y i i�:o•��•.Y !. �'� ' MARINR STADIUM '�.r• •• , , �` • M.. CORPORATE RESOLUTION WHEREAS, the CITY OF MIAMI has agreed to enter into a Lease Agreement with CASINO ESPANOL DE LA HABANA, INC., for the use of approximately 30,000 square feet of land situated on the northeasterly corner of the Marine Stadium Complex Lagoon at Virginia Key, for the purpose of conducting aquatic sports activities and promoting international competition; and WHEREAS, CASINO ESPANOL DE LA HABANA, INC., has agreed to accept this Lease Agreement; and WHEREAS, the Board of Directors of CASINO ESPANOL DE LA HABANA, INC., has examined terms, conditions, and obligations of the attached Lease Agreement with the CITY OF MIAMI, for the use of approximately 30,000 square feet of land situated on the northeasterly corner of the Marine Stadium Complex Lagoon at Virginia Key, and WHEREAS, the Board of Directors of CASINO ESPANOL DE LA HABANA, INC., at a duly held corporate meeting has considered the matter in accordance with the by-laws of the corporation; NOW, THEREFORE BE IT RESOLVED BY THE BOARD OF DIRECTORS OF CASINO ESPANOL DE LA HABANA, INC., that the president and secretary are hereby authorized to enter into a Lease Agreement in the name of, and on behalf of this corporation, with the CITY OF MIAMI for in accordance with the contract documents furnished by the CITY OF MIAMI, and for the price and upon the terms and payments contained in the attached Lease Agreement submitted by the CITY OF MIAMI. IN WITNESS WHEREOF, this ` day of 5'#?vt'Av 44% , 1985 CHAIRMAN, Board of Directors CASINO ESPANOL DE LA HABNA, INC., a non-profit corporatio;fA� SECRETARYmm i 8E--300 CITY OF MIAMI. RLOItIbA IN"*-OlrFICK MEMORANDUM To: Mr. Cesar Odio DA?'E: April 15, 1986 MLA= City Manager sutlEcr: AGENDA ITEM/4l22/1986 FROM: Mil er "J. BWkins RERERENCEl: Vice -Mayor ENCLOSURE!: Please schedule the,foliowing item on the April 22nd Commission agenda: CASINO ESPANOL gf SC-0�02 no YW - CJTti QL_ tylrr.w ri.0a10a INTEROFFICE MEMORANDUM Honorabls4ayor and Member March 25, 1986 MIA-&5-2'5 of the 011V Commission Casino Espanol Lease Agreement LA!.a A. Dough7�p y FEFENENCES Commission Meeting City Attorney 3/18/86, Agenda Item #1 ENCLOSUPES At the request of Mayor Suarez, we have reviewed MaJon's "Manizal c Legislative Prooedure", 1979, in connection with the legality cf a proposed motion by Vice -Mayor Dawkins to have the City Commission reconsider its action on the above -referenced item. Caapter 42 of Masons work, entitled "Motion To Reconsider" treats the subject at length and its provisions are fairly .'4spositive of the question posed: WHETHER A MOTION TO RECONSIDER MAY BE PROPERLY ENTERTAINED WHERE THE QUESTION SOUGHT TO BE RECONSIDERED WAS ACTED UPON AT A PAST MEETING OF THE CITY COMMISSION? The answer is in the affirmative. The following language of Paragraph 6 of Section 461 in Mason' is clear on this point: "6. A vote upon a reconsideration need not be taken at the same or the next succeeding meeting, but may be taken at any time before the rights have intervened in pursuance of the vote taken or before the status quo has been changed." -;.'his item did not receive an affirmative vote of three members of whe City Commission; accordingly, it was not adopted since the below -mentioned City Charter provision [City Charter Section _!f)] mandates this affirmative vote: ..The ayes and noes shall be taken upon the 'passage of all ordinances or resolutions and entered upon the journal of the proceedings of the commission, and every ordinance or resolution shall require on final passage, the affirmative vote of a majority of all the members.,.." I 86 -3oo .ororable Mayor and Members of the City Commission Page C Additionally, Mason's states: March 25, 1986 MIA-e6- 25 "But if the body 'be .equally divided, Seriiner rresumatur pro negan. u, the former law is not changed because no affirmative action can be taken except by a majority...." (Mason's, Section 513, Paragraph 1) 3:.nce no rights have become vested as a result of th-,3 City Ccmmission's vote on March 18, 1986 and so long as the status quo remains the same, i.e., no substantial change has been made in 1:e City's position with regard to the disposition of tha property in question, the Motion To Reconsider is in order. As a point of clarification and in order to dispel an erroneous assumption commonly held, Mason's does not require that the maker of a Motion To Reconsider be a Commissioner who voted on the prevailing side of the question sought to be reconsidered. (Paragraph 5, Seotion 464, Mason's Manual of Legislation. Procedure, 1979.) PREPARED BY: ROBERT F. CLARK CHIEF DEPUTY CITY ATTORNEY TAD/RFC/rr/131 c0: City Manager City Clerk 86 -300 CITY OF MIAMI, FLORIDA INTER -OFFICE MEMORANDUM To: Honorable Mayor and 2 Members of the City Commission' $UaJtCT: Lease Agreement with Casino Espanol de le Habana, Inc. FROM! Cesar H. Od i o l v :NCLOSURESs tF[Rtmets. City Manager v A resolution authorizing the City Manager to enter into a Lease Agreement, for an approxi- mate fifteen -year period, terminating Decem- ber 1, 2000, with the Casino Espanol de la Habana, Inc., a non-profit corporation, for a lease of approximately 30,000 square feet of land, situated on the northeasterly corner of the Marine Stadium Complex, at a minimum annual base rent of $3,000 or 2.5% of all gross receipts from such activities as may be approved by the City Manager pursuant to the Lease Agreement, excluding membership fees or contributions, whichever is greater. On October 24, 1985, the City Commission adopted Resolution 85- 1088, accepting in principle the.proposal of Casino Espanol de la Habana, Inc., a non-profit corporation, and authorizing and directing the City Manager to negotiate a Lease Agreement. The Property and Lease Management Division of General Services Administration negotiated the terms of said Lease Agreement, substantially improving the return to the City from that initially proposed by Casino Espanol de la Habana, Inc. Casino Espanol has agreed to provide the City with $3,000 per year as minimum base rent guarantee, a 25% increase per year from the $2,400 initially proposed rent guarantee. In addition, the Casino Espanol has agreed to provide the City with 2.5% of all gross receipts from such income -producing activities as may be approved by the City Manager pursuant to the Lease Agreement, excluding membership fees or contributions retained for Capital Improvements, if greater than the minimum base rent guarantee. This is, a betterment from the 2.5% of net earnings originally proposed by the Casino Espanml. S V' ~ 300 Honorable Mayor and 2 Lease Agreement with Members of the City Casino Espanol de la Commission Habana, Inc. Section 4, Improvement-s, of the Lease Agreement will require the Casino Espanol to robtain all the necessary and applicable permits for construction of improvements to commence within eighteen (18) months after execution of the Lease Agreement. Failure to obtain all the mandated permits may cause, but not obligate the Lessor to terminate the Lease Agreement, per Section 179 Termination. Casino Espanol has agreed to the termination clause contained in the Lease Agreement giving the City the right to terminate the Lease Agreement with or without cause upon thirty (30) days written notice, and the buy-back provision for improvements. The cost of improvements to be incurred by Casino Espanol, once approved by the City Manager, is estima.ad to be $175,000. The Casino Espanol is also committed to construct an access road to and from the designated site, other than through the Marine Stadium, and hopes to share maintenance expenses with other users. They are also willing to share expenses to improve and maintain the perimeter road. Casino Espanol has requested a temporary right to ingress and egress through the Marine Stadium, until such time as their access road is completed. The term of the Lease Agreement will be for an approximate fifteen -year period, expiring December 1, 2000, the same as for the Miami Rowing Club and the American Barge Club. Property and Lease Management has received and reviewed appraisal reports submitted by Stone & Clements, Inc. and Hume Realty Corporation, Members of the American Institute of Real Estate Appraisers, establishing market value' at $35,000 and $31,500, respectively. Set- '300 T rm^�gm�.r���rwwi