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HomeMy WebLinkAboutBack-Up DocumentsMarch 30th, 2023 City of Miami Department of Real Estate & Asset Management 444 SW 2nd Ave, 3rd floor Miami, FL 33130 Gentlemen: By way of this letter, we would like to inform you that we move out of suite 300 approximately three years ago but want to remain our offices in suite 302 Unfortunately, the circumstances caused ongoing suffering making it very difficult to pay the rent full amount, we would like to remain as tenants in suite 302 but are only able to pay $250.00 We hope that being a long time tenant helps and it is taken in consideration to lower our rent to the amount of $250.00 which we can afford. Awaiting your response . (Frank) Alonso esident Tel (786) 412-5340 P.O. Box 1973 Miami, FL 33135 • Telf: (305) 545-7600 • Fax: (305) 545-5960 • E-mail: unidadcubanainc@bellsouth.net REVOCABLE LICENSE AGREEMENT ISSUED BY THE CITY OF MIAMI TO LA UNIDAD CUBANA, INC. FOR THE OCCUPANCY OF ROOM 302 WITHIN THE PROPERTY LOCATED AT 970 SOUTHWEST 1st STREET, MIAMI, FLORIDA CONTENTS 1. PURPOSE 1 2. OCCUPANCY AND USE PERIOD 2 3. DUTY TO OPERATE FOR PUBLIC PURPOSE 2 4. INTEREST CONFERRED BY THIS AGREEMENT 2 5. REVOCATION -AT -WILL 3 6. USE FEE 3 7. LATE FEE 3 8. RETURNED CHECK FEE 4 9. SECURITY DEPOSIT 4 10. INCREASE IN SECURITY 5 11. ADJUSTMENT TO USE FEE AND SECURITY 5 12. CONDITION OF THE PROPERTY AND MAINTENANCE 6 13. SERVICES AND UTILITIES 7 14. ALTERATIONS, ADDITIONS OR REPLACEMENTS 7 15. VIOLATIONS, LIENS AND SECURITY INTERESTS 8 16. CITY ACCESS TO FACILITY 9 17. INDEMNIFICATION AND HOLD HARMLESS 9 18. INSURANCE 10 19. SAFETY 12 20. AMERICAN WITH DISABILITIES ACT 12 21. NO LIABILITY 12 22. TAXES AND FEES 13 23. CANCELLATION BY REQUEST OF EITHER OF THE PARTIES WITHOUT CAUSE 13 24. VIOLATIONS 13 25. NOTICES 13 26. ADVERTISING 14 27. COMMON AREAS 15 28. OWNERSHIP OF IMPROVEMENTS 15 ii 29. SURRENDER OF AREA 15 30. SEVERABILITY 16 31. NO ASSIGNMENT OR TRANSFER 16 32. NONDISCRIMINATION 16 33. AFFIRMATIVE ACTION 16 34. MINORITY/WOMEN BUSINESS UTILIZATION 17 35. WAIVER OF JURY TRIAL 17 36. WAIVER 17 37. AMENDMENTS AND MODIFICATIONS 17 38. COURT COSTS AND ATTORNEY (SY FEES 17 39. COMPLIANCE WITH ALL LAWS APPLICABLE 18 40. HAZARDOUS MATERIALS 18 41. RADON GAS 18 42. ENTIRE AGREEMENT 18 EXHIBIT A THE AREA iii iv REVOCABLE LICENSE AGREEMENT This Revocable License Agreement ("Agreement") is made this 13 day of Tau. , 2005, between the City of Miami (the "City") a municipal corporation of the State of Florida and La Unidad Cubana, Inc. a non-profit corporation organized under the laws of the State of Florida (the "Licensee"). RECITALS WHEREAS, the City owns and operates a public facility known as the Manuel Artime Community Center located at 970 Southwest 1st Street, Miami, Florida (the "Building"); and WHEREAS, on January 13, 2000, the City Commission passed and adopted Resolution No. 00-25, authorizing the City Manager to issue Revocable License Agreements with revised rates for the use of office space at the Building; and WHEREAS, Licensee has expressed its interest in utilizing office space in the Building; and WHEREAS, this Agreement is not assignable; and WHEREAS, this Agreement is revocable -at -will by the City and without the consent of the Licensee; and WHEREAS, this Agreement does not transfer an interest in real property including any leasehold interest in real property owned by the City; and WHEREAS, this Agreement does not confer a right to use any real property for any general purposes; and WHEREAS, this Agreement does not convey or transfer any right to exclude the City from any real property; and WHEREAS, this Agreement permits only certain, enumerated, specific and listed permitted uses and does not permit anything further; NOW, THEREFORE, in order to carry out the intent as expressed herein and in consideration of the mutual agreements subsequently contained, the City and Licensee agree as follows: 1. PURPOSE. The City is the owner of real property and improvements thereon at 970 SW 1st Street, Miami, Florida (the "Property"). The City has determined that Room 302, consisting of a total square footage of approximately 1,195 square feet located within the Property (the "Area"), depicted as Exhibit A attached hereto and made a part hereof, is not needed at this time by any of the City's offices or departments. The City has expressed its desire to assist the Licensee in accomplishing its purpose and in furtherance thereof authorizes the Licensee to occupy and use the Area under the conditions hereinafter set forth. The use of the Area is strictly limited for its administrative offices to provide programs to support freedom and human rights in Cuba and is not to be used for any other purpose whatsoever (the "Permitted Use"). Any use of the Area not authorized under the Permitted Use must receive the prior written consent of the City Manager. This consent may be withheld for any or no reason, including, but not limited to additional financial consideration. 2. OCCUPANCY AND USE PERIOD. The Effective Date of this Agreement is the date on which Licensee has been notified that the Agreement is fully executed ("Effective Date") and shall continue on a month -to - month basis until the first to occur of the following: a} cancellation or termination by the express written agreement of the parties hereto; or b) cancellation or termination by request of any of the parties hereto, subject to the notice provisions "Cancellation By Request of Either of the Parties Without Cause" and "Revocation -At- Will." 3. DUTY TO OPERATE FOR PUBLIC PURPOSE. Licensee, at all times during Licensee's use of the Area shall: (i) utilize the area solely for administrative offices for the provision of programs to support freedom and human rights in Cuba; (ii) from time to time, Licensee furnishes the City with current 2 disclosure information with respect to the identity of the officers and directors of Licensee's corporation; and (iii) maintain an active status as a Florida non-profit corporation. 4. INTEREST CONFERRED BY THIS AGREEMENT. Licensee agrees that this Agreement has been entered into by the City to authorize Licensee to occupy the Area solely for the limited purpose of operating its office operations therein and no other purpose. The parties hereby agree that the provisions of this Agreement do not constitute a lease and the rights of Licensee hereunder are not those of a tenant but are a mere personal privilege to do certain acts of a temporary character and to otherwise use the Area subject to the terms of this Agreement. No leasehold interest in the Area is conferred upon Licensee under the provisions hereof and Licensee does not and shall not claim at any time any leasehold estate or ownership interest in the Area by virtue of this Agreement or its use of the Area hereunder. Additionally, Licensee does not and shall not claim at any time any interest or estate of any kind or extent whatsoever in the Area by virtue of any expenditure of funds by the Licensee for improvements, construction, repairs, partitions or alterations to the Area which may be authorized by the City. 5. REVOCATION -AT -WILL This agreement is revocable at the will of the City. The City Manager may revoke this agreement at will and in writing without prior notice to Licensee. 6. USE FEE. In consideration for this Agreement, Licensee agrees to pay to the City for the use of Room 302 with a total square footage of approximately 1,195 the rate of $6.38 per square foot or a monthly Use Fee in the amount of Six Hundred Thirty Five and 35/100 Dollars ($635.35), plus State of Florida Use Tax, if applicable, which shall be paid in advance and in full on the first clay of each month, without notice or demand (the "Use Fee"). Nothing in this paragraph shall be construed to grant Licensee the right to use or occupy the Area for a period greater than on a month -to -month basis. Payments shall be made payable to "City of Miami" and shall be mailed to 444 S.W. 2nd Avenue, 6th Floor, Finance Department, Miami, Florida 33130, or such other address as may be designated from time to time. 3 In the event the Effective Date does not fall on the first day of the month, the monthly Use Fee for the first month will be prorated based on the days remaining in that month. 7. LATE FEE. In the event any installment of the Use Fee is not received by the City within five (5) days after it becomes due, Licensee shall pay to City a late charge of ten percent (10%) of the amount due. Such late fee shall constitute additional fees due and payable to City by Licensee upon the date of payment of the delinquent payment referenced above. Acceptance of such late charge by City shall not constitute a waiver of Licensee's violations with respect to such overdue amount nor prevent City from the pursuit of any remedy to which City may otherwise be entitled. 8. RETURNED CHECK FEE. In the event any check is returned to the City as uncollectible, the Licensee shall pay to City a returned check fee (the "Returned Check Fee") based on the following schedule: Returned Amount Returned Check Fee $00.01 - 50.00 $20.00 $50.01 - 300.00 $30.00 $300.01 - 800.00 $40.00 OVER $800 5% of the returned amount. Such returned check fee shall constitute additional fees due and payable, to City by Licensee, upon the date of payment of the delinquent payment referenced above. Acceptance of such returned check fee by City shall, in no event, constitute a waiver of Licensee's violations with respect to such overdue amount nor prevent City from the pursuit of any remedy to which City may otherwise be entitled. 9. SECURITY DEPOSIT. Licensee shall deposit with City the amount of One Thousand Two Hundred Seventy and 70/100 Dollars ($1,270.70) (the "Security"), as guarantee for the full and faithful performance by Licensee of all obligations of Licensee under this Agreement or in connection with this Agreement. Licensee shall pay the Security Deposit upon execution of the Agreement. If Licensee is in violation beyond any applicable notice or cure period, the 4 City may use, apply or retain all or any part of the Security for the payment of (i) any fee or other sum of money which Licensee was obligated to pay but did not pay, (ii) any sum expended by City on Licensee's behalf in accordance with the provisions of this Agreement, or (iii) any sum which City may expend or be required to expend as a result of Licensee's violation. Should the City use, apply or retain all or any part of the Security, the Licensee shall reimburse the amounts used, applied or retained within thirty (30) days. The use, application or retention of the Security or any portion thereof by City shall not prevent City from exercising any other right or remedy provided for under this Agreement or at law and shall not limit any recovery to which City may be entitled otherwise. Provided Licensee is not in violation of this Agreement, the Security or balance thereof, as the case may be, shall be returned to Licensee upon the termination of this Agreement or upon any later date after which Licensee has vacated the Area in the same condition or better as existed on the Effective Date, ordinary wear and tear excepted. Upon the return of the Security (or balance thereof) to the Licensee, City shall be completely relieved of liability with respect to the Security. Licensee shall not be entitled to receive any interest on the Security. 10. INCREASE OF SECURITY If Licensee is in violation under this Agreement more than two (2) times within any twelve (12) month period, irrespective of whether or not such violation is cured, then, without limiting City's other rights and remedies provided for in this Agreement or at law or equity, the Security shall automatically be increased by three (3) times the Security then in place. This increase shall be paid by Licensee to City forthwith on demand. 11. ADJUSTMENT TO USE FEE AND SECURITY The Use Fee and Security shall be increased every twelve months from the Effective Date, or on the first day of the following month if the Effective Date is not on the first of the month, and every twelve (12) months thereafter (the "Anniversary Date"), by any increase during the prior year in the index known as "United States Bureau of Labor Statistics, Consumer Price Index". The Monthly Use Fee shall utilize the "Consumer Price Index for All Items, Miami - Ft. Lauderdale, Florida", Base Year 1982-84=100 (hereinafter the "CPI"). Said adjustment shall be hereinafter referred to as the "CPI Escalation". 5 The CPI Escalation of the Monthly Use Fee shall be equal to the Monthly Use Fee in effect for the immediately preceding twelve months plus the product of that Monthly Use Fee multiplied by the "CPI Percentage" (as defined below). The CPI Escalation of the Security Deposit shall be equal to the Security Deposit in effect for the immediately preceding twelve months plus the product of that Security Deposit multiplied by the "CPI Percentage" (as defined below). The CPI Percentage shall equal the fraction (i) whose numerator equals (a) the monthly Index published two months prior to the Anniversary Date (or the nearest reported previous month), minus (b) the monthly Index published two months prior to the Anniversary Date of the preceding twelve months (or the nearest reported previous month) and (ii) whose denominator is the same monthly Index as (b) above. If the Index is discontinued with no successor Index, the City shall select a comparable Index. The City shall compute the CPI Escalations and send a notice, with calculations, to Licensee setting forth the adjusted Monthly Use Fee and Security within sixty (60) days of Anniversary Date or as soon as such Index is available. Licensee shall pay to City within ten (10) days of receiving such notice, the additional Monthly Use Fee owed for the months which have elapsed in the current Agreement Year and the amount of increase due in Security. 12. CONDITION OF THE PROPERTY AND MAINTENANCE. A. Licensee accepts the Area in "As Is", in its present condition and state of repair condition and without any representation by or on behalf of City, and agrees that City shall, under no circumstances, be liable for any latent, patent or other defects in the Area. Licensee, at its sole cost, shall maintain the Area in good order and repair at all times and in an attractive, clean, safe and sanitary condition an shall suffer no waste or injury thereto. B. Licensee shall be responsible for all repairs to the Area required or caused by Licensee's use of part thereof without limiting the generality of the foregoing, Licensee is specifically required to replace all light bulbs and ballasts as needed, and make repairs (a) to the portion of any pipes, lines, ducts, wires or conduits contained within or serving the Area; (b) to windows, plate glass, doors and any fixtures or appurtenances composed of glass; (c) to Licensee's sign, if applicable; (d) to the Area or the Property when repairs to 6 same are necessitated by any act or omission of Licensee or the failure of Licensee to perform its obligations under this Agreement. C. Licensee agrees to make all changes necessary to the Area at Licensee's sole cost and expense in order to comply with all City, County and State building code requirements for Licensee's occupancy thereof. D. If Licensee installs any electrical equipment that overloads the lines in the Area or the Property, City may require Licensee to make whatever changes to the lines as may be necessary to render same in good order and repair, and in compliance with all applicable legal requirements. E. If, in an emergency, it shall become necessary to make promptly any repairs or replacements required to be made by Licensee, City may reenter the Area and proceed forthwith to have the repairs or replacements made and pay the cost thereof. Within thirty (30) days after City renders a bill, therefore, Licensee shall reimburse the City for the cost of making the repairs. 13. SERVICES AND UTILITIES. City shall, at its sole cost and expense, furnish and maintain air conditioning, electric current and dumpster for regular office debris. Licensee must abide by the rules, regulations, schedules, and practices of the City in the administration of these services. The City reserves the right to interrupt, curtail or suspend the provision of any utility service, including but not limited to, heating, ventilating and air conditioning systems and equipment serving the Area, to which Licensee may be entitled hereunder, when necessary by reason of accident or emergency, or for repairs, alterations or improvements in the judgment of City desirable or necessary to be made or due to difficulty in obtaining supplies or labor or for any other cause beyond the reasonable control of the City. The work of such repairs, alterations, or improvements shall be prosecuted with reasonable diligence. The City shall in no respect be liable for any failure of the utility companies or governmental authorities to supply utility service to Licensee or for any limitation of supply resulting from governmental orders or directives. Licensee shall not claim any damages by reason of the City's or other individual's interruption, curtailment or suspension of a utility service, nor shall the Revocable License or any of Licensee's obligations hereunder be affected or reduced. thereby. 7 Licensee, at its sole cost, shall provide cleaning services for the Area. Licensee shall pay for all telephone services or other utility service Licensee may require including the installation of any necessary lines and equipment. Licensee, at its sole cost and expense, shall hire a pest control company, as needed, to insure that the Area will at all times be in a clean and sanitary condition and free from vermin. Licensee agrees to provide any and all security it deems necessary to protect its operations and equipment. Licensee shall insure that all appropriate equipment and lights have been turned off and appropriate doors locked at the close of operations within the Area each day. 14. ALTERATIONS, ADDITIONS OR REPLACEMENTS. Except in the event of an emergency, Licensee shall not make any repair or alteration required or permitted to be performed by Licensee without first receiving the written approval of the City Manager, which approval may be conditioned or withheld for any or no reason whatsoever, including a condition to pay additional fees if such alteration will affect the cost of services being provided by the City. If City approves such request, no repair or alteration shall be commenced until plans and specifications therefor shall have been submitted to and approved by the City Manager. In the event of an emergency, Licensee shall reasonably proceed to perform such repair work and shall immediately notify the City of such work. 15. VIOLATIONS, LIENS AND SECURITY INTERESTS. Licensee, at its expense and with clue diligence and dispatch, shall secure the cancellation or discharge of or bond off same in the manner permitted by law, all notices of violations arising from or otherwise in connection with Licensee's improvements or operations in the Area which shall be issued by any public authority having or asserting jurisdiction. Licensee shall promptly pay its contractors and materials men for all work and labor done at Licensee's request. Should any such lien be asserted or filed, regardless of the validity of said liens or claims, Licensee shall bond against or discharge the same within fifteen (15) calendar clays of Licensee's receipt of notice of the filing of said encumbrance. In the event Licensee fails to remove or bond against said lien by paying the full amount claimed, Licensee shall pay the City upon demand any amount paid out by City, including City's costs, expenses and reasonable attorneys' fees. Licensee further 8 agrees to hold City harmless from and to indemnify the City against any and all claims, demands and expenses, including reasonable attorney's fees, by reason of any claims of any contractor, subcontractor, material man, laborer or any other third person with whom Licensee has contracted or otherwise is found liable to, in respect to the Area. Nothing contained in this Agreement shall be deemed, construed or interpreted to imply any consent or agreement on the part of City to subject the City's interest or estate to any liability under any mechanic's or other lien asserted by any contractor, subcontractor, material man or supplier thereof against any part of the Area or any of the improvements thereon and each such contract shall provide that the contractor must insert a statement in any subcontract or purchase order that the contractor's contract so provides for waiver of lien and that the subcontractor, material man and supplier agree to be bound by such provision. 16. CITY ACCESS TO FACILITY. City and its authorized representative(s) shall have at all times access to the Area. City will maintain a complete set of keys to the Area. Licensee, at its sole cost and expense, may duplicate or change key locks but not until first receiving written approval from the Director of Economic Development (hereinafter referred to as "Director") for such work. In the event Licensee changes key locks as approved by the Director, Licensee, at its sole cost and expense, must also provide a copy of said keys to the City. The City shall have access to and entry into the Area at any time to (a) inspect the Area, (b) to perform any obligations of Licensee hereunder which Licensee has failed to perform after written notice thereof to Licensee, Licensee not having cured such matter within ten (10) days of such notice, (c) to assure Licensee's compliance with the terms and provisions of this Agreement and all applicable laws, ordinances, rules and regulations and (d) for other purposes as may be deemed necessary by the City Manager in the furtherance of the City's corporate purpose; provided, however, that City shall make a diligent effort to provide at least 24-hours advance notice and Licensee shall have the right to have one or more of its representatives or employees present during the time of any such entry. The City, its officers, directors, employees, representatives and agents, shall not be liable for any loss, cost or damage to the Licensee by reason of the exercise by the City of the right of entry described herein for the purposes listed above. The making of periodic inspection or the failure to do so shall not operate to impose upon City any liability of any kind 9 whatsoever nor relieve the Licensee of any responsibility, obligations or liability assumed under this Agreement. 17. INDEMNIFICATION AND HOLD HARMLESS. Licensee shall indemnify, defend and hold harmless the City and its officials, employees and agents (collectively referred to as "Indemnitees") and each of them from and against all loss, costs, penalties, fines, damages, claims, expenses (including attorney's fees) or liabilities (collectively referred to as "Liabilities") by reason of any injury to or death of any person or damage to or destruction or loss of any property arising out of, resulting from, or in connection with (i) the performance or non-performance of the services contemplated t by this Agreement which is or is alleged to be directly or indirectly caused, in whole or in part, by any act, omission, default or negligence (whether active or passive) of Licensee or its employees, agents or subcontractors (collectively referred to as "Licensee") or (ii) the failure of the Licensee to comply with any of the paragraphs herein or the failure of the Licensee to conform to statutes, ordinances, or other regulations or requirements of any governmental authority, federal or state, in connection with the performance of this Agreement. Licensee expressly agrees to indemnify and hold harmless the Indemnitees, or any of them, from and against all liabilities which may be asserted by an employee or former employee of Licensee, or any of its subcontractors, as provided above, for which the Licensee's liability to such employee or former employee would otherwise be limited to payments under state workers' compensation or similar laws. 18. INSURANCE. Licensee, at its sole cost, shall obtain and maintain in full force and effect at all times throughout the period of this Agreement, the following insurance coverage: A. Commercial General liability insurance on a Comprehensive General liability coverage form, or its equivalent, including premises, operations and contractual coverage's against all claims, demands or actions for bodily injury, personal injury, death or property damage occurring in or about the Area with such limits as may be reasonably requested by the City from time to time but not less than $1,000,000 per occurrence combined single limit for bodily injury and property damage. The City shall be named as Additional Insured on the policy or policies of insurance. 10 B. Automobile liability insurance covering all owned, non -owned and hired vehicles used in conjunction with operations covered by this agreement. The policy or policies of insurance shall contain a combined single limit of at least $500,000 for bodily injury and property damage. The requirements of this provision will be waived upon submission of a written statement from Licensee that no automobiles are used to conduct business. C. "All Risk" property insurance against loss or damage by fire, windstorm, with such endorsements for extended coverage, vandalism, malicious mischief, flood and special coverage, insuring 100% of the replacement cost of Licensee's improvements, fixtures, equipment, furniture and all other personal property in and about the Area. This requirement may be waived provided that Licensee executes a full release holding the City harmless for any damages incurred by Licensee due to the above mentioned causes as defined in a standard All Risk policy. D. Worker's Compensation in the form and amounts required by State law. E. The City's Division of Risk Management, reserves the right to reasonably amend the insurance requirements by the issuance of a notice in writing to Licensee. The Licensee shall provide any other insurance or security reasonably required by the City. F. The policy or policies of insurance required shall be so written that the policy or policies may not be canceled or materially changed without thirty (30) days advance written notice to the City. Said notice should be delivered to the City of Miami, Division of Risk Management, 444 SW 2 Avenue, 9th Floor, Miami, Florida 33130, with copy to City of Miami, Department of Economic Development, 444 SW 2 Avenue, 3rd Floor, Miami, Florida 33130, or such other address that may be designated from time to time. G. A current evidence and policy of insurance evidencing the aforesaid required insurance coverage shall be supplied to the Department of Economic Development of the City at the execution of this Agreement and a new evidence and policy shall be supplied at least twenty (20) days prior to the expiration of each policy period. Insurance policies required above shall be issued by companies authorized to do business under the laws of the State of Florida, with the following qualifications as to management and financial strength: the company should be rated. "A" as to management, and no less than class "X" as to financial strength, in accordance with the latest edition of Best's Key Rating Guide, or the company holds a valid Florida Certificate of Authority issued by the State of Florida, Department of Insurance, and is a member of the Florida Guarantee Fund. Receipt of any 11 documentation of insurance by the City or by any of its representatives, which indicates less coverage than required, does not constitute a waiver of the Licensee's obligation to fulfill the insurance requirements herein. In the event Licensee shall fail to procure and place such insurance, the City may, but shall not be obligated to, procure and place same, in which event the amount of the premium paid shall be paid by Licensee to the City as an additional fee upon demand and shall in each instance be collectible on the first day of the month or any subsequent month following the date of payment by the City. Licensee's failure to procure insurance shall in no way release Licensee from its obligations and responsibilities as provided herein. 19. SAFETY Licensee will allow City inspectors, agents or representatives the ability to monitor its compliance with safety precautions as required by federal, state or local laws, rules, regulations and ordinances. By performing these inspections the City, its agents, or representatives are not assuming any liability by virtue of these laws, rules, regulations and ordinances. Licensee shall have no recourse against the City, its agents or representatives from the occurrence, non-occurrence or result of such inspection(s). Upon occupancy of the Area, Licensee shall contact the City's Risk Management Department to schedule the inspection(s). 20. AMERICAN WITH DISABILITIES ACT Licensee shall affirmatively comply with all applicable provisions of the Americans with Disabilities Act ("ADA") in the course of utilizing the Area including Titles I and II of the ADA (regarding nondiscrimination on the basis of disability) and all applicable regulations, guidelines and standards. Additionally, Licensee shall take affirmative steps to ensure nondiscrimination in employment of disabled persons. 21. NO LIABILITY. In no event shall the City be liable or responsible for damage to the personal property, improvements, fixtures and/or equipment belonging to or rented by Licensee, its officers, agents, employees, invitees or patrons, including without limitation, damages resulting from fire, steam, electricity, gas, water, rain, vandalism or theft which may leak 12 or flow from or into any part of the Area, or from the breakage, leakage, obstruction or other defects of the pipes, sprinklers, wires, appliances, plumbing, air conditioning or lighting fixtures of the Area, or from hurricane or any act of God. or any act of negligence of Licensee, its officers, employees, agents, invitees, or patrons or any person whomsoever whether such damage or injury results from conditions arising at or about the Area or upon other portions of the Property or from other sources. 22. TAXES AND FEES. Licensee shall pay before any fine, penalty, interest or costs is added for • nonpayment, any and all charges, fees, taxes or assessments levied against the Area and/or against any occupancy interest or personal property of any kind, owned by or placed in, upon or about the Area by Licensee, including, but not limited to, ad valorem taxes. In the event Licensee appeals a tax or fee, Licensee shall immediately notify City of its intention to appeal said tax or fee and shall furnish and keep in effect a surety bond of a responsible and substantial surety company reasonably acceptable to City or other security reasonably satisfactory to City in an amount sufficient to pay one hundred percent of the contested tax or fee with all interest on it and costs and expenses, including reasonable attorneys' fees, to be incurred in connection with it. 23. CANCELLATION BY REQUEST OF EITHER OF THE PARTIES WITHOUT CAUSE. Either party may cancel this Agreement at any time with thirty (30) days written notice to the non -canceling Party prior to the effective date of the cancellation. 24. VIOLATIONS. If Licensee in any manner violates the restrictions and conditions of this Agreement, then, after ten (10) clays written notice given to Licensee by the City Manager within which to cease such violation or correct such deficiencies, and upon failure of Licensee to do so after such written notice within said ten (10) clay period, this Agreement shall be automatically canceled without the need for further action by the City. This provision shall not interfere with the City's rights pursuant to Section 5 of the Agreement, entitled "Revocation -At -Will". 13 25. NOTICES. All notices or other communications which may be given pursuant to this Agreement shall be in writing and shall be deemed properly served if delivered by personal service or by certified mail addressed to City and Licensee at the addresses indicated herein or as the same may be changed from time to time, or for purposes of canceling this Agreement, the City may serve notice by posting it at the Area. Such notice shall be deemed given on the day it is posted at the Area; on which personally served; or if by certified mail, on the fifth day after being mailed or the date of actual receipt, whichever is earlier. The Notices addresses of the parties are: CITY OF MIAMI City of Miami City Manager 3500 Pan American Drive Miami, FL 33133 COPY TO: City of Miami Attn: Director Department of Economic Development 444 SW 2nd Avenue, Suite 325 Miami, FL 33130 City of Miami City Attorney 444 SW 2nd Avenue, Suite 945 Miami, FL 33130 LICENSEE La Unidad Cubana, Inc. 970 SW lst Street, Room 302 Miami, Florida 33130 26. ADVERTISING. Licensee shall not permit any signs or advertising matter to be placed either in the interior or upon the exterior of the Area without having first obtained the approval of the Director, which approval may be withheld for any or no reason, at his/her sole discretion. Licensee shall, at its sole cost and expense, install, provide, maintain such sign, decoration, advertising matter or other things as may be permitted hereunder in good condition and repair at all times. Licensee must further obtain approval from all governmental authorities having jurisdiction, and must comply with all applicable requirements set forth in the City of Miami Code and Zoning Ordinance. Upon the cancellation of this Agreement, 14 Licensee shall, at its sole cost and expense, remove any sign, decoration, advertising matter or other thing permitted hereunder from the Area. If any part of the Area is in any way damaged by the removal of such items, said damage shall be repaired by Licensee at its sole cost and expense. Should Licensee fail to repair any damage caused to the Area within ten (10) days after receipt of written notice from City directing the required repairs, City shall cause the Area to be repaired at the sole cost and expense of Licensee. Licensee shall pay City the full cost of such repairs within ten (10) days of receipt of an invoice indicating the cost of such required repairs. Licensee hereby understands and agrees that the City may, at its sole discretion, erect or place upon the Area an appropriate sign indicating City's having issued this Agreement. 27. COMMON AREAS. Licensee shall have the nonexclusive right (in common with other occupants of the Property) to use the common areas of the Property for the purposes intended, subject to such rules and regulations as City may establish from time to time. 28. OWNERSHIP OF IMPROVEMENTS. As of the Effective Date and throughout the Use Period, title to all buildings and improvements thereon shall be vested in City. Furthermore, title to all alterations made in or to the Area, whether or not by or at the expense of Licensee, shall, unless otherwise provided by written agreement, immediately upon their completion become the property of the City and shall remain and be surrendered with the Area. 29. SURRENDER OF AREA. In the event of cancellation, termination or expiration of this Agreement, Licensee shall peacefully surrender the Area by the time specified broom clean and in good condition and repair together with all alterations, fixtures, installation, additions and improvements which may have been made in or attached on or to the Area. Upon surrender, Licensee shall promptly remove all its personal property, trade fixtures and equipment and Licensee shall repair any damage to the Area caused thereby. Should Licensee fail to repair any damage caused to the Area within ten (10) days after receipt of written notice from City directing the required repairs, City shall cause the Area to be repaired at the sole cost and 15 expense of Licensee. Licensee shall pay City the full cost of such repairs within ten (10) clays of receipt of an invoice indicating the cost of such required repairs. City may require Licensee to restore the Area so that the Area shall be as it was on the Effective Date. In the event Licensee fails to remove its personal property, equipment and fixtures from the Area within the time limit set by the notice, said property shall be deemed abandoned and thereupon shall become the sole personal property of the City. The City, at its sole discretion and without liability, may remove and/or dispose of same as City sees fit, all at Licensee's sole cost and expense. 30. SEVERABILITY. Should any provisions, paragraphs, sentences, words or phrases contained in this Agreement be determined by a court of competent jurisdiction to be invalid, illegal or otherwise unlawful under the laws of the State of Florida or the City, such provisions, paragraphs, sentences, words or phrases shall be deemed modified to the extent necessary in order to conform with such laws, and the same may be deemed severable by the City, and in such event, the remaining terms and conditions of this Agreement shall remain unmodified and in full force and effect. 31. NO ASSIGNMENT OR TRANSFER. Licensee cannot assign or transfer its privilege of occupancy and use granted unto it by this Agreement. 32. NONDISCRIMINATION. Licensee shall not discriminate as to race, color, religion, sex, national origin, age, disability, or marital status in connection with its occupancy and use of the Area and improvements thereon. 33. AFFIRMATIVE ACTION. Licensee shall have in place an Affirmative Action/Equal Employment Opportunity Policy and shall institute a plan for its achievement which will require that action be taken to provide equal opportunity in hiring and promoting for women, minorities, the disabled and veterans. Such plan will include a set of positive measures which will be taken to insure nondiscrimination in the work place as it relates to hiring, firing, training and 16 I promotion. In lieu of such a policy/plan, Licensee shall submit a Statement of Assurance indicating that their operation complies with all relevant Civil Rights laws and regulations. 34. MINORITY/WOMEN BUSINESS UTILIZATION. Licensee shall make every good faith effort to purchase/contract fifty-one percent (51%) of its annual goods and services requirements from Hispanic, Black and Women businesses/professionals registered/certified with the City Office of Minority/Women Business Affairs. Such lists will be made available to the Licensee at the time of the issuance of the Agreement by the City and updates will be routinely provided by the City's Office of Minority/Women Business Affairs. 35. WAIVER OF JURY TRIAL. The parties hereby knowingly, irrevocably, voluntarily and intentionally waive any right either may have to a trial by jury in respect of any action, proceeding or counterclaim based on this Agreement, or arising out of, under, or in connection with this Agreement or any amendment or modification of this Agreement, or any other agreement executed by and between the parties in connection with this Agreement, or any course of conduct, course of dealing, statements (whether verbal or written) or actions of any party hereto. This waiver of jury trial provision is a material inducement for the City and Licensee entering into the subject transaction. 36. WAIVER. No failure on the part of the City to enforce or insist upon performance of any of the terms of this Agreement, nor any waiver of any right hereunder by the City, unless in writing, shall be construed as a waiver of any other term or as a waiver of any future right to enforce or insist upon the performance of the same term. 37. AMENDMENTS AND MODIFICATIONS. No amendments or modifications to this Agreement shall be binding on either party unless in writing, approved as to form and correctness by the City Attorney, and signed by both parties. The City Manager is authorized to amend. or modify this Agreement as needed. 17 r 38. COURT COSTS AND ATTORNEY (S)' FEES. In the event it becomes necessary for the City to institute legal proceedings to enforce or interpret the provisions of this Agreement, Licensee shall pay the City's court costs and attorney's fees through all trial and appellate levels. Licensee acknowledges that Florida law provides for mutuality of attorney's fees as a remedy in contract cases and specifically and irrevocable waives its right to collect attorney's fees from the City under applicable laws, including specifically, but not limited to Section 57.105, Florida Statutes. It is the express intent of the parties hereto that in no event will the City be required to pay Licensee's attorney's fees and court costs for any action arising out of this Agreement. In the event that Licensee's waiver under this section is found to be invalid then Licensee agrees that the City's liability for Licensee's attorney's fees and court costs shall not exceed the sum of $100.00. In the event that the waiver and limitations contained herein are found to be invalid, or are otherwise not upheld, then the provisions of this Section shall become null and void and each party shall be responsible for its own attorney's fees and costs. 39. COMPLIANCE WITH ALL LAWS APPLICABLE. Licensee accepts this Agreement and hereby acknowledges that Licensee's strict compliance with all applicable federal, state and local laws, ordinances and regulations is a condition of this Agreement, and Licensee shall comply therewith as the same presently exist and as they may be amended hereafter. This Agreement shall be construed and enforced according to the laws of the State of Florida. 40. HAZARDOUS MATERIALS. The Licensee shall, at its sole cost and expense, at all times and in all respects comply with all federal, state and local laws, statutes, ordinances and regulations, rules, rulings, policies, orders and administrative actions and orders relating to hazardous materials ("Hazardous Materials Laws"), including, without limitation, any Hazardous Materials Laws relating to industrial hygiene, environmental protection or the use, storage, disposal or transportation of any flammable explosives, toxic substances or other hazardous, contaminated or polluting materials, substances or wastes, including, without limitation, any "Hazardous Substances", "Hazardous Wastes", "Hazardous Materials" or "Toxic Substances" (collectively "Hazardous Materials"), under any such laws, ordinances or 18 regulations. The Licensee shall, at its sole cost and expense, procure, maintain in effect and comply with all conditions of any and all permits, licenses and other governmental and regulatory approvals relating to the presence of Hazardous Materials within, on, under or about the Area or required for the Licensee's use of any Hazardous Materials in or about the Area in conformity with all applicable Hazardous Materials Laws and prudent industry practices regarding management of such Hazardous Materials. Upon cancellation or revocation of this Agreement, the Licensee shall, at its sole cost and expense, cause all Hazardous Materials, including their storage devices, placed in or about the Area by the Licensee or at the Licensee's direction, to be removed from the Area and transported for use, storage or disposal in accordance and compliance with all applicable Hazardous Materials Laws. The Licensee may operate according to the custom of the industry so long as the use or presence of Hazardous Materials is strictly and properly monitored according to, and in compliance with, all applicable governmental requirements. The requirements of this Paragraph of the License shall survive the cancellation or revocation of this License. The City represents that: (i) To the best of its knowledge there are no environmental violations, whether under federal, state, or local laws, existing on the Area; (ii) To the best of its knowledge there are no Hazardous Materials presently existing on the Area. 41. RADON GAS. Radon is a naturally occurring radioactive gas that, when it has accumulated in a building in sufficient quantities, may present health risks to persons who are exposed to it over time. Levels of radon that exceed federal and state guidelines have been found in buildings in Florida. Additional information regarding radon and radon testing may be obtained from your county public health unit. Licensee may, have an appropriately licensed person test the Area for radon. If the radon level exceeds acceptable EPA standards, the City may choose to reduce the radon level to an acceptable EPA level, failing which either party may cancel this License. 42. ENTIRE AGREEMENT. This instrument and its attachments constitute the sole and only agreement of the parties hereto and correctly set forth the rights, duties and obligations of each to the other 19 as of its date. Any prior agreements, promises, negotiations, or representations not expressly set forth in this Agreement are of no force or effect. This Agreement is the result of negotiations between the parties and has been typed/printed by one party for the convenience of both parties, and the parties covenant that this Agreement shall not be construed in favor of or against either of the parties. IN WITNESS WHEREOF, the parties hereto have executed this Agreement of the day and year first above written. ATTEST: Priscilla A. Thompson City Clerk APPROVED AS TO IN REQUIREMENTS: ' PnavE40/...v f Dania Carrillo Department of Risk Management WITNESS: Signature IL-Y6fiIgOA Print Name r, Signature 4 12 gMeg ACIc Print Name CITY OF MIAMI, a municipal corporation of the State of Florida By: Joe Arriola City Manager CE APPROVED AS TO FORM AND LICENSEE: La Unidad Cubana, Inc. Florida non-profit, orporation Sign a (3t0 PL'/PAL L'L P Prin Name PP't`JIo .(17- Print Title 20 ?E EXIT DOORS IN 2 - TYP. ALL +AIN LOBBY 4 r-TllmIMY.to) 1T 111Et---I—� CORRIDOR 00 D.E. r EG OI r>1- AI ■ThII1i11 1 1 111 1111 11I111111111111 111111 ► 3' — 12'-0„ EXISTING ROOF ------ DRAIN TO REMAIN TYP, EXHIBIT A ROOF 12'-O" Ii111IIII 1111111.nun it i1 / a 8'-O" FIRST AMENDMENT TO REVOCABLE LICENSE AGREEMENT BETWEEN THE CITY OF MIAMI AND LA UNIDAD CUBANA, INC. FOR THE OCCUPANCY OF ROOMS 300 & 302 WITHIN THE PROPERTY LOCATED AT 970 SOUTHWEST lst STREET, MIAMI, FLORIDA ) FIRST AMENDMENT TO REVOCABLE LICENSE BETWEEN THE CITY AND LA UNIDAD CUBANA, INC. THIS FIRST AMENDMENT to the Revocable License Agreement (the "Agreement") is entered into this ` 4 day ofJ O L1 , 2006 by and between the City of Miami, a municipal corporation of the State of Florida (The "City") and La Uhidad Cubana, Inc., a Florida non-profit corporation (the "Licensee") for the purpose of amending the aforementioned Agreement dated June 14, 2005 between the City and the Licensee. WHEREAS, the City owns and operates a public facility known as the Manuel Artime Community Center located at 970 Southwest 1st Street, Miami, Florida (the "Building"); and WHEREAS, on January 13, 2000, the City passed and adopted Resolution No. 00-25, authorizing the City Manager to issue Revocable License Agreements with revised rates for the use of office space at the Building; and WHEREAS, the Licensee entered into a Revocable License Agreement with the City of Miami on June 14, 2005 (the "Agreement") to occupy and use Room 302 located at 970 Southwest 1st Street, Miami, Florida (the "Building") as office space; and WHEREAS, the Licensee has expressed its interest in using Room 300 of the Building as additional office space for its organization; NOW THEREFORE, in consideration of mutual covenants hereinafter set forth and in consideration of other valuable consideration the parties covenant and agree as follows: 1. Section 1 of the Agreement is amended as follows: "Licensee is hereby authorized to use the following rooms of the Building: Room 300 which consists of approximately 590 square feet Room 302 which consists of approximately 1,195 square feet" 2 The total square footage is approximately 1;785 square feet (the "Area") as depicted in Exhibit "A-1" attached hereto and made a part hereof." 2. Section 6. of the Agreement is hereby deletedi in its entirety and replaced with the following: "In consideration for this Agreement, Licensee agrees to pay to the City for the use of the Area described as Room 302 the original amount of $6.38 per square foot for a monthly fee in the amount of Six Hundred and Thirty Five Dollars and 35/100 ($635.35), plus State Use Tax, if applicable. Licensee agrees to pay to the City for the use of Room 300 the amount of $6.38 per square foot for a monthly fee in the amount of Three Hundred and Thirteen Dollars and 68/100 ($313.68), plus State Use Tax, if applicable, for a total monthly fee of $949.03. These rates shall be effective on the date this Amendment is executed and shall be paid in advance and in full on the first day of each month, without notice or demand (the "Use Fee"). Payments shall be made payable to "City of Miami" and shall be mailed to Finance Department, 444 S.W. 2nd Avenue, 6th Floor, Attn.: Collections, Miami, Florida 33130, or such other address as the City may designated from time to time." 3. Exhibit "A" of the Agreement is replaced by Exhibit "A-1." 4. Section 7. "Late Fee" is hereby deleted in its entirety and replaced with the following: "In the event any installment of the Monthly Fee is not received by the City within five (5) days after it becomes due, Licensee shall pay to City a late charge in the amount of Fifty Dollars ($50.00). Such late fee shall constitute additional fees due and payable to City by Licensee upon the date of payment of the delinquent payment referenced above. Acceptance of such late charge by City shall, in no event, constitute a waiver of Licensee's violations with respect to such overdue amount nor prevent City from the pursuit of any remedy to which City may otherwise be entitled." 5. Section 9. "Security Deposit" of the Agreement shall be amended as follows: Licensee shall deposit an additional amount of Six Hundred and Twenty Seven Dollars and 36/100 cents ($627.36) as guarantee for the full and faithful performance by Licensee of all obligations with respect to 3 4, . its use of 970 SW tat Street, Room 300, Miami, Florida under this Agreement or in connection with this Agreement. 6. Section 11. "Adjustment to Use Fee and Security" of the Agreement shall be amended as follows: For the purposes of this Section 11 of the Agreement, the Anniversary Date for adjustments to the Use Fee and Security for both Rooms 300 and 302 shall be the Effective Date of this Amendment. 7. Terms and Conditions. Except as specifically provided herein, all of the terms and provisions of the Agreement shall remain in effect. IN WITNESS WHEREOF, the parties hereto have executed this Agreement of the day and year first above written. [THIS SPACE LEFT INTENTIONALLY BLANK] ATTEST: ,Priscilla A. Thompson 'City Clerk CITY OF MIAMI, a municipal Corporatio of the S e o orida. By: Joe rriola Cit Manager APPROVED AS TO INSURANCE APPROVED AS TO FORM AND REQUIREMENTS: Dania Carrillo Department of Risk Management SSES: -16 Print Name IF -NW yltF, Print Name CORRECTNE Jorge L. City Attorney dez LICENSEE LA UNIDAD CUBANA, INC., a Florida non-profit corporation Print Name Print Title CORPORATE SEAL CORPORATE RESOLUTION WHEREAS, _La Unidad Cubana, Inc. desires to Amend the existing Revocable License Agreement with the City of Miami for the purpose of adding the use of Room 300 at 970 Southwest 1st Street, Miami, Florida in order to perform the work described in the Amendment to which this resolution is attached; and WHEREAS, the Board of Directors 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 that gQiy4 Li/Rand/or /_o /7, c�G ? are hereby authorized and instructed to enter into an Amendment to the Revocable License Agreement for the use of , and in the name and on behalf of this corporation, with the City of Miami upon the terms contained in the proposed contract to which this resolution is attached. DATED this q day of —�%9 Nv9& , 2006_. Corporate Secre ry La Unidad Cubana, c. (Corporate Seal) 04/01 /2006 P.O. Box 1973 Miami, FL 33135 • Telf: (305) 545-7600 • Fax: (305) 545-5960 • E-mail: unidadcubanainc@bellsouth.net SECOND AMENDMENT TO REVOCABLE LICENSE AGREEMENT BETWEEN THE CITY OF MIAMI AND LA UNIDAD CUBANA, INC. THIS SECOND AMENDMENT to the Revocable License Agreement is entered into this 1 day of 005ber , 2008 (the "Amendment") by and between the City of Miami, a municipal corporation of the State of Florida (the "City") and La Unidad Cubana, Inc., a Florida non-profit corporation (the "Licensee") for the purpose of amending certain Revocable License Agreement dated June 13, 2005 (the "Agreement"). WHEREAS, the City and the Licensee entered into an Agreement to occupy and. use approximately 1,785 square feet of space at the Manuel Artime Community Center; and WHEREAS, Section 11 of the Agreement provides for an annual increase to the Monthly Use Fee and Security deposit based on the Consumer Price Index; and WHEREAS, the Miami City Commission at its regularly scheduled meeting on February 14, 2008 approved Resolution 08-0070 authorizing the City Manager to, among other things, amend existing Agreements of Manuel Artime licensees to amend the timing and the foumula for annual increases to the Monthly Use Fees from one based on the Consumer Price Index to one based on a straight three percent (3%) annually; NOW THEREFORE, in consideration of mutual covenants hereinafter set forth and in consideration of other valuable consideration the parties covenant and agree as follows: 1. Section 11 of the Agreement is hereby deleted in its entirety and replaced with the language set forth below: "Commencing January 1, 2008, the Use Fee and Security shall be increased annually October 1 of each year by three percent (3%)." 1 AUG-18-2008 11:52 CITY OF MIAMI 305 416 2156 P.05 IN WITNESS WHEREOF, the parties hereto have executed this Agreement of the day and year first above written. ATTEST: CITY OF MIAMI, a of the State of Florida By: Priscilla A. Thompson /% N-Od Pedro G. Hernandez City Manager icipal corporation City Clerk APPRD AS TO INSURANCE APPROVED AS TO FORM AND CORRECTNESS: • NTS : LeeAnn Brehm Division of Risk Management WITNESS: PName Signature Prurt Name Julie O. Bru City Attorney LICENSEE: La Unidad ubana, I p' . rida non- ofit corpora :Aga' • • Print Name Print Title 2 TOTAL P.05 AUG-18-2008 11:52 CITY OF MIRMI 305 416 2156 P.03 CORPORATE RESOLUTION RESOLUTION AUTHORIZING EXECUTION OF AN AMENDMENT TO REVOCABLE LICENSE AGREEMENT WITH THE CITY OF MV11AMI FOR SPACE AT MANIJEL ARTIME WHEREAS, La Unidad Cubana, Inc. (the "Licensee") desires to enter into an amendment to its revocable license agreement with the City of Miami (the "City") for the purpose of standardizing the rate of the annual increase to its Use fees as well as the date of the annual increase to use fees. NOW THEREFORE, BE IT RESOLVED, The Board of Directors of La Unidad Cubana, Inc. hereby authorizes and instructs .S.V A t E, A L 0 tJ S D (name/nombre) whose title is P f L- S I ID ez. iJ T , to enter into an amendment to the (title/titulo) the revocable license agreement in the name and on the behalf of this corporation with the City of Miami (City) for entering into an Amendment to its Revocable License Agreement for the above stated purposes. Thereupon declared this resolution duly passed and adopted this 2 7 day of Av Usf ,2008, ATTEST (fi#g of 4ElFliami EMILIO T. GONZALEZ PhD City Manager 0 K t July 24th 2018 La Unidad Cubana, Inc 970 S.W. 1st Street Room 302 Miami, FL 33130 Re: Rent Adjustment/ room reduction Square Footage Audit Research Completed for Sales Tax Exemption Dear Sir or Madam, This letter serves as notification of the decision from the Department of Real Estate and Asset Management accepting the reduction in total square footage after vacating room 300. On June 15th 2018 La Unidad Cubana, Inc. expressed their desire to vacate room 300 but remain in room 302. After inspection, the keys were handed over to the City of Miami on July 1st 2018 and room 300 was vacated. Upon further inspection it was noted that room 300 had a total square footage of 529 not 590 as incorrectly stated within the agreement. A credit for the difference of 61 total square feet has been issued dating back to Fiscal Year 2008-09 until present for room 300. Furthermore, an audit of room 302 resulted in an overage of 115 total square feet. From 1196 to 1081. A credit for the difference of 115 total square feet has been issued dating back to Fiscal Year 2008-09 until present for room 302. The total credit for overage charges for rooms 300 and 302 dating back to Fiscal Year 2008-09 is in the amount of Thirteen thousand eight hundred dollars and sixty eight cents (S13,800,68). Please see attached excel sheet for a detailed breakdown of all credits applied. The rent abatement will take place beginning on July 1st 2018 until October 31st 2019. A partial credit of $605.77 will be applied to the November 2019 payment. A payment in the amount of $246,71 will be due on November 1st 2019. During the rent abatement period, a utility reimbursement to the City of Miami of $100 each month will be due on the 1st of each month beginning on August 1st 2018. These utility reimbursement payments will cease on November 1st 2019 when regular rent commences at the regular schedule. DEPARTMENT OF REAL ESTATE AND ASSET MANAGEMENT DREAM 444 S.W. 2' Avenue, 3" Floor, Miami, Florida 33130 / (305) 416-1450 / Fax: (305) 416-2156 Keep in mind in accordance with your agreement Section 11, as amended by "Second Amendment" dated 1 October 2008, an annual increase of 3% will continue regardless of any rent abatement or rent abatement period each year on October 1st. The current rent for room 302 is in the amount of $803.54 ( 1081square feet * 8.92per sq ft = $9,642.52/12= $803,54) each month plus Florida State sales tax of 5.8% plus Miami -Dade County sales tax of 1% (6.8% * 803.54= 54.64). The rental rate will increase on October 1 st 2018 by 3% bringing the total rent due to 827.65 plus applicable sales tax each month for room 302. On October 1st 2019 the rent will increase by 3% for a total of 852.48 plus applicable sales tax each month for room 302. Please refer to the spread sheet attached for greater detail. After diligent research and examination of your most recent annual tax return filed with the IRS, Annual State Filing Reports and Articles of Incorporation within the State of Florida, it was determined that you DO NOT QUALIFY for sales tax exemption in the State of Florida. The findings are final since you filed a tax return in 2017 with form 1120 U.S. Corporation Income Tax Return. Form 990 Return of Organization Exempt From Income Tax was not filed nor provided. Furthermore, to qualify for sales tax exemption in the State of Florida form DR-14 Consumers Certificate of Exemption, pursuant to Chapter 212, Florida Statues was not provided since La Unidad Cubana, Inc. does not have 501 status with the IRS. If you have any questions regarding any of these findings, please contact Erick Hurtado, Senior Project Representative at 305-416-1461 or Email at ehurtado@miamigov,com. Sincerely, Daniel Rotenberg Director Department of Real Estate and Asset Management DEPARTMENT OF REAL ESTATE AND ASSET MANAGEMENT DREAM 444 S.W. 2"°' Avenue, 3" Floor, Miami, Florida 33130 / (305) 416-1450 ! Fax: (305) 416-2156 Room 300 rate 6.84 2008-09 7.05 2009-10 7.26 2010-11 7.47 2011-12 7.70 2012-13 7.93 2013-14 8.17 2014-15 8.41 2015-16 8.66 2016-17 8.92 2017-18 monthly rent/ wrong old 24.3x24.3 = 590.49 590 rate 336.30 346.39 356.78 367.48 378.51 389.86 401.56 413.61 426.01 438.80 6.84 2008-09 7.05 2009-10 7.26 20010-11 7.47 20011-12 7.70 20012-13 7.93 20013-14 8.17 20014-15 8.41 20015-16 8.66 20016-17 8.92 20017-18 monthly rent /correct re -measured 23x23= 529 529 301.53 310.58 319.89 329.49 339.37 349.56 360.04 370.84 381.97 393.43 paid per year should have paid per year 2008-09 4,035.60 2008-09 3,618,36 2009-10 - 4,156.67 2009-10 3,726.91 2010-11 4,281.37 2010-11 3,838.72 2011-12 4,409.81 20011-12 3,953.88 2012-13 4,542.10 20012-13 4,072.50 2013-14 4,678.37 20013-14 4,194.67 2014-15 4,818.72 20014-15 4,320.51 2015-16 - 4,963.28 20015-16 4,450.13 2016-17 = 5,112.18 20016-17 4,583.63 2017-18 _ 5,265.54 20017-18 4,721.14 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 Difference each year room 300 / for credit 417.24 429.76 442.65 455.93 469.61 483.70 498.21 513.15 528.55 544.40 4,783.19 total credit 13, 800.68 Room 302 rate 6.84 2008-09 7,05 2009-10 7.26 2010-11 7.47 2011-12 7.70 2012-13 7.93 2013-14 8.17 2014-15 8.41 2015-16 8.66 2016--17 8.92 2017-18 monthly rent/ wrong monthly rent/correct old 1195 46x26 =1196 re -measured 23.5x46=1081 1196 rate 1081 681.72 6.84 2008-09 616.17 702.17 7.05 2009-10 634.66 723.24 7.26 2010-11 653.69 744.93 7.47 2011-12 673.31 767.28 7.70 2012-13 693.50 790.30 7.93 2013-14 714.31 814.01 8.17 2014-15 735.74 838.43 8.41 2015-16 757.81 863.58 8.66 2016-17 780.55 889.49 8.92 2017-18 803.96 paid per year should have paid per year 2008-09 8,180.64 2008-09 7,394.04 2009-10 8,426.06 2009-10 7,615.86 2010-11 8,678.84 2010-11 7,844.34 2011-12 8,939.21 2011-12 8,079.67 2012-13 9,207.38 2012-13 8,322.06 2013-14 9,483.60 2013-14 8,571.72 2014-15 9,768.11 2014-15 8,828.87 2015-16 10,061.16 2015-16 9,093.74 2016-17 10,362.99 2016-17 9,366.55 2017-18 10,673.88 2017-18 9,647.55 Difference each year room 302 / for credit 2008-09 786.60 2009-10 810.20 2010-11 834.50 2011-12 859.54 2012-13 885.33 2013-14 911.88 2014-15 939.24 2015-16 967.42 2016-17 996.44 2017-18 1,026.33 9,017.49 LA UNIDAD CUBANA, INC. 970 SW 1ST STREET, ROOM 302 AS OF TAX EXEMPT EXEMPTION DATE FY '17-'18 24-Jul-18 NO MONTHLY RENT Customer # 56663 Square footage recalculated room 302 = 23.5*46=1081 RENT DUE TAXES DUE Balance Fwd DATE PAID CK NO. RENT PAID TAXES PAID BALANCE RENT DUE BALANCE TAXES DUE LATE FEE TOTAL PAID Oct-17 $1,327.08 $1,327.08 $92.90 4-Oct-17 5133 $1,250.91 $87.56 $76.17 $0.00 $0.00 $1,338.47 Nov-17 $1,327.08 $1,327.08 $92.90 8-Nov-17 5137 $1,250.91 $87.56 $76.17 $0.00 $0.00 $1,338.47 Dec-17 Jan-18 $1,327.08 $1,327.08 $1,327.08 $1,327.08 $92.90 $92.90 28-Dec-17 29-Dec-17 5142 5143 $1,250.91 $1,250.91 $87.56 $87.56 $76.17 $0.00 $0.00 $1,338.47 $76.17 $0.00 $000 $1,338.47 Feb-18 Mar-18 $1,327.08 $1,327.08 $1,327.08 $1,327.08 $92.90 $92.90 24-Jan-18 3/9/2018 5144 5150 $1,250.91 $1,250.91 $87.56 $87.56 $76.17 $76.17 $0.00 $0.00 $0.00 $0 00 $1,338.47 $1,338.47 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 TOTAL $1,327.08 $1,327.08 $1,327.08 $803.54 $803.54 $803.54 $14,354.37 $1,327.08 $1,327.08 $1,327.08 $0.00 $0.00 $0.00 $11,943.75 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $557.37 19-Jun-18 19-Jun-18 9-Jul-18 5165 5166 5167 $1,338.47 $1,338.47 $1,761.35 Rent Credit Rent Credit Rent Credit $11,943.75 $525.36 -$11.39 -$11.39 -$434.27 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1,338.47 $1,338.47 $1,761.35 $0.00 $0 00 $0.00 $12,469.11 FY '18-'19 carry over credit Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 MONTHLY RENT $2,410.63 $827.65 $827.65 $827.65 $827.65 $827.65 $827.65 $827.65 $827.65 $827.65 $827.65 RENT DUE TAXES DUE credit due 2,410.63 total credit applied BALANCE RENT DUE $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 827.65 827.65 827.65 827.65 827.65 827.65 827.65 827.65 827.65 827.65 3,238.28 4,065.93 4,893.58 5,721.23 6,548.88 7,376.53 8,204.18 9,031.83 9,859.48 10,687,13 Aug-19 Sep-19 $827.65 $827.65 $9,931.75 $0.00 $0.00 $0.00 $0.00 827.65 827.65 11,514.78 12,342.43 FY'19-'20 MONTHLY RENT carry over credit Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 $12,342.43 $852.48 _ $852.48 - $852.48 - $852.48 $852.48 $852.48 $852.48 $852.48 $852.48 $852.48 $852.48 $852.48 RENT DUE $0.00 $246.71 $852.48 $852.48 $852.48 $852.48 $852.48 $852.48 $852.48 $852.48 $852.48 $852.48 TAXES DUE $0.00 $16.78 $57,97 $57.97 $57.97 $57.97 $57.97 $57.97 $57.97 $57.97 $57.97 $57.97 credit due 12, 342.43 852.48 605.77 total credit applied 13,194.91 13,800.68 BALANCE RENT DUE 970 SW 1st St., Miami, FL Master Drawing Area Calculations Floor Level Boundary Area (IPMS 2) Rentable Exclusions Floor Rentable Area Space ID Tenant Area (IPMS 3) a AncillarTennt y Area Occupant Area Building menily AArea titer -Building Amenity Area Floor Usable Building Area Service Area Inter -Building Service Area Floor Service Area Floor Allocation Ratio Floor Allocation Building Amenity and Service Area Building Allocation Rdio Rentable Area Reallocated Rentable Area Load Factor A 01 10,707.69 9,435.15 1,272.53 1,272.53 1.00000 1,272.53 1.04925 0.00 02 10,436.68 455.88 9,980.80 6,161.76 1,900.04 8,061.79 8,061.79 1,919.01 1.23804 9,980.80 1.04925 10,472.33 10,472.33 1.29901 03 8,681.40 385.64 8,295.76 5,713.48 1,518.14 7,231.62 7,231.62 1,064.15 1.14715 8,295.76 1.04925 8,704.31 8,704.31 1.20365 04 7,931.37 368.33 7,563.03 5,065.51 1,383.79 6,449.30 6,449.30 1,113.73 1.17269 7,563.03 1.04925 7,935.49 7,935.49 1.23044 Total 37,757.14 10,645.00 27,112.13 16,940.74 4,801.96 21,742.71 21,742.71 1,272.53 4,096.89 25,839.60 1,272.53 27,112.13 27,112.13 1.24695 4/18/2023 Page 1 of 1 970 SW 1st St., Miami, FL Master Drawing Area Calculations A 1 B C D E F G H Floor Boundary Rentable Floor Level Area(IBMS Exclusions Rentable 2) Area 01 02 03 04 Space ID Tenant Tenant Area Occupant (MS 3) Ancillary Area Area M O Q R T Building menily AArea Hter-Building Amenity Area Floor Usable Area Building Service Area Inter -Building Service Area Floor Service Area Floor Allocation Ratio Floor Allocdion Building Amenity and Service Area Building Allocdion Ratio Rentable Area Reallocated Rentable Area Load Factor A ELEV 72.05 72.05 LOBBY 182.26 182.26 MECH ROOM 466.53 466.53 STAIR 440.81 440.81 STORAGE 110.89 110.89 9,435.15 Parking 10,707.69 9,435.15 1,272.53 1,272.53 1.00000 1,272.53 1.04925 0.00 200 292.29 78.07 370.36 370.36 1.23804 458.52 1.04925 481.10 481.10 1.29901 201 211.06 56.37 267.44 267.44 1.23804 331.09 1.04925 347.40 347.40 1.29901 202 788.01 331.32 1,119.32 1,119.32 1.23804 1,385.76 1.04925 1,454.01 1,454.01 1.29901 203 805.04 215.03 1,020.07 1,020.07 1.23804 1,262.88 1.04925 1,325.07 1,325.07 1.29901 204 1,009.20 269.56 1,278.75 1,278.75 1.23804 1,583.14 1.04925 1,661.11 1,661.11 1.29901 205 705.76 250.18 955.94 955.94 1.23804 1,183.49 1.04925 1,241.78 1,241.78 1.29901 206 820.83 290.97 1,111.80 1,111.80 1.23804 1,376.45 1.04925 1,444.24 1,444.24 1.29901 207 1,529.57 408.55 1,938.11 1,938.11 1.23804 2,399.46 1.04925 2,517.62 2,517.62 1.29901 455.88 Major Vertical Penetrations 10,436.68 455.88 9,980.80 6,161.76 1,900.04 8,061.79 8,061.79 1,919.01 1.23804 9,980.80 1.04925 10,472.33 10,472.33 1.29901 300 557.82 425.67 983.49 983.49 1.14715 1,128.22 1.04925 1,183.78 1,183.78 1.20365 302 1,105.04 234.15 1,339.19 1,339.19 1.14715 1,536.26 1.04925 1,611.91 1,611.91 1.20365 303 188.22 39.88 228.10 228.10 1.14715 261.67 1.04925 274.56 274.56 1.20365 304 754.05 159.78 913.82 913.82 1.14715 1,048.29 1.04925 1,099.92 1,099.92 1.20365 305 1,746.38 370.05 2,116.43 2,116.43 1.14715 2,427.87 1.04925 2,547.43 2,547.43 1.20365 306 343.33 72.75 416.08 416.08 1.14715 477.30 1.04925 500.81 500.81 1.20365 307 1,018.65 215.85 1,234.50 1,234.50 1.14715 1,416.15 1.04925 1,485.90 1,485.90 1.20365 385.64 Major Vertical Penetrations 8,681.40 385.64 8,295.76 5,713.48 1,518.14 7,231.62 7,231.62 1,064.15 1.14715 8,295.76 1.04925 8,704.31 8,704.31 1.20365 400-401 533.14 395.45 928.59 928.59 1.17269 1,088.95 1.04925 1,142.58 1,142.58 1.23044 402 1,131.89 246.83 1,378.72 1,378.72 1.17269 1,616.81 1.04925 1,696.43 1,696.43 1.23044 403 239.26 52.17 291.44 291.44 1.17269 341.77 1.04925 358.60 358.60 1.23044 404 314.34 68.55 382.89 382.89 1.17269 449.01 1.04925 471.12 471.12 1.23044 405 678.22 147.89 826.11 826.11 1.17269 968.77 1.04925 1,016.48 1,016.48 1.23044 406 641.16 139.81 780.97 780.97 1.17269 915.84 1.04925 960.94 960.94 1.23044 407 941.08 205.22 1,146.30 1,146.30 1.17269 1,344.26 1.04925 1,410.46 1,410.46 1.23044 408 586.40 127.87 714.28 714.28 1.17269 837.63 1.04925 878.88 878.88 1.23044 368.33 Major Vertical Penetrations 7,931.37 368.33 7,563.03 Total 37,757.14 10,645.00 27,112.13 5,065.51 1,383.79 6,449.30 6,449.30 1,113.73 1.17269 7,563.03 1.04925 7,935.49 7,935.49 1.23044 16,940.74 4,801.96 21,742.71 21,742.71 1,272.53 4,096.89 25,839.60 1,272.53 27,112.13 27,112.13 1.24695 4/18/2023 Page 1 of 1 970 SW 1st St., Miami, FL Floor 01 4/18/2023 Measure Up Corp. BUILDING MEASUREMENT SERVICES PARKING 9,435 SF STORAGE STORAGE 11 Major Vertical Penetration Floor Service Area Building Service Area Occupant Storage Tenant Area (IPMS 3) Building Amenity Area Parking Other Exclusions Occupant Storage Corridor Tenant Ancillary Area Inter -Building Service Area Inter -Building Amenity Area 1,273 9,435 970 SW 1st St., Miami, FL Floor 02 4/18/2023 PLAZA 1,646 SF 111 Measure Up Corp. BUILDING MEASUREMENT SERVICES 204 1,661 RSF 200 481 RSF 206 1,444 RSF 205 1,242 RSF CONFERENCE RM ONFERENCE RM CONFERENCE RM 201 347 RSF TERRACE 121 SF WOMEN'S OFFICE OFFICE STORAGE 202 1,454 RSF 207 2,518 RSF MECH RM 203 1,325 RSF W Major Vertical Penetration Floor Service Area Building Service Area Occupant Storage Tenant Area (IPMS 3) Building Amenity Area Parking Other Exclusions Occupant Storage Corridor Tenant Ancillary Area Inter -Building Service Area Inter -Building Amenity Area 456 1,919 6,162 1,900 970 SW 1st St., Miami, FL Floor 03 4/18/2023 Measure Up Corp. BUILDING MEASUREMENT SERVICES TERRACE 919 SF OFFICE CONFERENCE RM 304 1,100 RSF 303 275 RSF 305 2,547 RSF OFFICE OFFICE OFFICE OFFICE ■ OFFICE OFFICE OFFICE OFFICE 306 501 RSF OPE BEL. JA V EXEC WOMEN'S an au MECH RM 307 1,486 RSF TERRACE 292 SF 300 1,184 RSF TERRACE 307 SF 302 1,612 RSF 11 Major Vertical Penetration Floor Service Area Building Service Area Occupant Storage Tenant Area (IPMS 3) Building Amenity Area Parking Other Exclusions Occupant Storage Corridor Tenant Ancillary Area Inter -Building Service Area Inter -Building Amenity Area 386 1,064 5,713 1,518 970 SW 1st St., Miami, FL Floor 04 4/18/2023 1111 Measure Up Corp. BUILDING MEASUREMENT SERVICES TERRACE 814 SF 408 879 RSF OFFICE OFFICE 407 1,410 RSF OFFICE OFFICE 405 1,016 RSF JA V EXEC WOMEN'S < an O MEN'S au MECH PM TERRACE 291 SF 400-401 1,143 RSF TERRACE 279 SF OFFICE 406 961 RSF 404 471 RSF OFFICE 403 359 RSF OFFICE 402 1,696 RSF OFFICE OFFICE OFFICE 11 Major Vertical Penetration Floor Service Area Building Service Area Occupant Storage Tenant Area (IPMS 3) Building Amenity Area Parking Other Exclusions Occupant Storage Corridor Tenant Ancillary Area Inter -Building Service Area Inter -Building Amenity Area 368 1,114 5,066 1,384 LA UNIDAD CUBANA INC. AUDITED FINANCIAL STATEMENTS DECEMBER 31,2021 LA UNIDAD CUBANA INC. NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021 CONTENTS Page ACCOUNTANT'S REPORT 1 FINANCIAL STATEMENTS BALANCE SHEET 2 STATEMENT OF INCOME & RETAINED EARNING 3 STATEMENT OF CASH FLOW 4 SCHEDULE OF GENERAL AND ADMINISTRATIVE EXPENSES 5 NOTES TO FINANCIAL STATEMENTS 6-8 ARENA J. PRADO-ACOSTA, P.A. Certified Public Accountant & Consultant 1470 NW 107 Avenue, Suite E, Miami, Florida 33172 Phone (305)470-7505 Fax: (305)470-7508 Email: Aacosta.cpa@taxmsc.com REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS To the Board of Directors And Shareholders of La Unidad Cubana Inc., We have audited the accompanying financial statements of La Unidad Cubana Inc., (a Florida Corporation), which comprise the balance sheets as of December 31, 2021 and the related statements of income, retained earnings, and cash flows for the year then ended, and the related notes to the financial statements. Management's Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with U.S. generally accepted accounting principles; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor's Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with U.S. generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditors' judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion,, financial statements referred to above present fairly, in all material respects, the financial position of La U idad Cubana Inc., as of December 31, 2021 and the results of its operations and its cash flofor the ye r the�,n ended in accordance with U.S. generally accepted accounting principles. iami, r io July 20, 2023 LA UNIDAD CUBANA INC BALANCE SHEET AS OF DECEMBER 31, 2021 ASSETS CURRENT ASSETS Cash $ 10,353 Total Current Assets 10,353 OTHER ASSETS Security Deposits 1,392 TOTAL ASSETS $ 11,745 LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES Rent Payable $ 863 Total Current Liabilities 863 LONG TERM LIABILITIES Loan to Officers 10,609 SHAREHOLDER'S EQUITY Common Stock 100 Retained Earnings 173 Total Shareholders' equity 273 TOTAL LIABILITY AND SHAREHOLDERS' EQUITY $ 11,745 2 Read Accountant's Notes to Financial Statements Report LA UNIDAD CUBANA INC STATEMENT OF INCOME AND RETAINED EARNINGS FOR THE PERIOD ENDED DECEMBER 31, 2021 Revenues from Public Support $ 5,596 Total Income 5,596 General and administrative expenses 15,211 Income from operations (9,615) Retained Earnings, as previously stated 393 Prior Period Adjustment 9,395 Retained earnings at end of Period $ 173 Read Accountant's Notes to Financial Statements Report LA UNIDAD CUBANA INC STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2021 Cash flows from operating activities: Net Income(Loss) $ (9,615) Decrease (increase) in prepaid expenses 9,395 (Decrease) increase in other liabilities 154 Net Cash provided by operating activities $ (66) Increase (decrease) in cash (66) Beginning Cash balance 10,418 Ending Cash balance $ 10,353 Read Accountant's Notes to Financial Statements Report LA UNIDAD CUBANA INC NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021 NOTE 1 - NATURE OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES Nature of Business La Unidad Cubana Inc. is a Florida corporation incorporated on May 27, 2004, (the "Company"). The Company promotes the Liberty and Democracy in Cuba using Mambi TV as its catalyst and partners with the radio station Rumbo Sur which airs every Saturday. They aid families which are Political Prisoners by sending them medicine and other supplies. They are the voice of Political Prisoners which have been exiled. The Company also educates Cubans who arrive in the United States to explain to them how to live in a Democratic Country. The Company was original established in 1991 and is an icon in the Cuban community against communism. Management Estimates The preparation of the financial statements in conformity with accounting principle generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts for certain revenues and expenses during the reporting period. Cash and Cash Equivalents Cash and cash equivalents consist primarily of cash on deposits. The Company places its cash and cash equivalents with high quality financial institutions funded 100% by donations and by its officers/directors. Revenue Recognition The Company derives all its revenues from charitable contributions and public support. The Company does not receive any funding from the local, state, or federal government. 6 LA UNIDAD CUBANA INC NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021 NOTE 1 - NATURE OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES, continued Income Taxes As of December 31, 2021, the Company did not make any provisions for federal or state taxes since it did not have any taxable income due to a net operating loss. The Company is currently being treated as a taxable corporation while it waits for its 501(c)(3) approval from the Internal Revenue Service. NOTE 2- STOCKHOLDERS' EQUITY As of December 31, 2021, the Company had 100 shares of common stock with a par value of $1.00 dollar for a total of $100.00. NOTE 3- RELATED PARTY TRANSACTION The Company had the following transactions with a related party: Outstanding Balance owed to Shareholders $ 10,609 These loans do not bear interest and there are no specific repayment terms. NOTE 4- COMMITMENTS AND CONTINGENCIES The Company leases its facility under a "Revocable License Agreement" operating lease in Miami, Florida. This is a month -to -month lease, and it can be cancelled or terminated by either party. Rent Expense for the period ended December 31, 2021, was $11,558. 7 LA UNIDAD CUBANA INC NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2021 NOTE 5 - SUBSEQUENT EVENTS The Company is currently negotiating the terms of their lease in order to get a reduction of $600 on their monthly rent. The Company has applied to be eligible for the IRS section 501(c) (3) to be classified as a nonprofit organization. This classification would allow them to be exempt from Federal Income Taxes and receive donations from other non-profit organizations. 8 LA UNIDAD CUBANA INC GENERAL AND ADMINISTRATIVE EXPENSES AS OF DECEMBER 31, 2021 Bank Charges $ 220 Mailing and postage 1,101 Office Expenses 1,882 Professional fees 450 Rent 11,558 Total General and Administrative Expenses $ 15,211 Read Accountant's Notes to Financial Statements Report LA UNIDAD CUBANA INC. AUDITED FINANCIAL STATEMENTS DECEMBER 31, 2022 LA UNIDAD CUBANA INC. NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2022 CONTENTS Page ACCOUNTANT'S REPORT FINANCIAL STATEMENTS BALANCE SHEET 2 STATEMENT OF INCOME & RETAINED EARNING 3 STATEMENT OF CASH FLOW 4 SCHEDULE OF GENERAL AND ADMINISTRATIVE EXPENSES 5 NOTES TO FINANCIAL STATEMENTS 6-8 ARENA J. PRADO-ACOSTA, P.A. Certified Public Accountant & Consultant 1470 NW 107 Avenue, Suite E, Miami, Florida 33172 Phone (305)470-7505 Fax: (305)470-7508 Email: Aacosta.cpa@taxmsc.com REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS To the Board of Directors And Shareholders of La Unidad Cubana Inc., We have audited the accompanying financial statements of La Unidad Cubana Inc., (a Florida Corporation), which comprise the balance sheets as of December 31, 2022 and the related statements of income, retained earnings, and cash flows for the year then ended, and the related notes to the financial statements. Management's Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with U.S. generally accepted accounting principles; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor's Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with U.S. generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditors' judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion t ' - financial statements referred to above present fairly, in all material respects, the financial position of La U d s Cubana Inc., as of December 31, 2022 and the results of its operations and its cash s for` e. en ended in accordance with U.S. generally accepted accounting principles. iami,lorid July 20, 2023 LA UNIDAD CUBANA INC BALANCE SHEET AS OF DECEMBER 31, 2022 ASSETS CURRENT ASSETS Cash $ 2,901 Total Current Assets 2,901 OTHER ASSETS Security Deposits 1,392 TOTAL ASSETS $ 4,293 LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES LONG TERM LIABILITIES Loan to Officers SHAREHOLDER'S EQUITY Common Stock Retained Earnings Total Shareholders' equity 10,609 100 (6,416) (6,316) TOTAL LIABILITY AND SHAREHOLDERS' EQUITY $ 4,293 Read Accountant's Notes to Financial Statements Report LA UNIDAD CUBANA INC STATEMENT OF INCOME AND RETAINED EARNINGS FOR THE PERIOD ENDED DECEMBER 31, 2022 Revenues from Public Support $ 7,765 Total Income 7,765 General and administrative expenses 14,354 Income from operations (6,589) Retained Earnings, as previously stated 173 Retained earnings at end of Period $ (6,416) Read Accountant's Notes to Financial Statements Report LA UNIDAD CUBANA INC STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2022 Cash flows from operating activities: Net Income(Loss) $ (6,589) Decrease (increase) in prepaid expenses (Decrease) increase in other liabilities (863) Net Cash provided by operating activities $ (7,452) Increase (decrease) in cash (7,452) Beginning Cash balance 10,353 Ending Cash balance $ 2,901 Read Accountant's Notes to Financial Statements Report LA UNIDAD CUBANA INC NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2022 NOTE 1 - NATURE OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES Nature of Business La Unidad Cubana Inc. is a Florida corporation incorporated on May 27, 2004, (the "Company"). The Company promotes the Liberty and Democracy in Cuba using Mambi TV as its catalyst and partners with the radio station Rumbo Sur which airs every Saturday. They aid families which are Political Prisoners by sending them medicine and other supplies. They are the voice of Political Prisoners which have been exiled. The Company also educates Cubans who arrive in the United States to explain to them how to live in a Democratic Country. The Company was original established in 1991 and is an icon in the Cuban community against communism. Management Estimates The preparation of the financial statements in conformity with accounting principle generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts for certain revenues and expenses during the reporting period. Cash and Cash Equivalents Cash and cash equivalents consist primarily of cash on deposits. The Company places its cash and cash equivalents with high quality financial institutions funded 100% by donations and by its officers/directors. Revenue Recognition The Company derives all its revenues from charitable contributions and public support. The Company does not receive any funding from the local, state, or federal government. 6 LA UNIDAD CUBANA INC NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2022 NOTE 1 - NATURE OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES, continued Income Taxes As of December 31, 2022, the Company did not make any provisions for federal or state taxes since it did not have any taxable income due to a net operating loss. The Company is currently being treated as a taxable corporation while it waits for its 501(c)(3) approval from the Internal Revenue Service. NOTE 2- STOCKHOLDERS' EQUITY As of December 31, 2022, the Company had 100 shares of common stock with a par value of $1.00 dollar for a total of $100.00. NOTE 3- RELATED PARTY TRANSACTION The Company had the following transactions with a related party: Outstanding Balance owed to Shareholders $ 10,609 These loans do not bear interest and there are no specific repayment terms. NOTE 4- COMMITMENTS AND CONTINGENCIES The Company leases its facility under a "Revocable License Agreement" operating lease in Miami, Florida. This is a month -to -month lease, and it can be cancelled or terminated by either party. Rent Expense for the period ended December 31, 2022, was $11,558. 7 LA UNIDAD CUBANA INC NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2022 NOTE 5 - SUBSEQUENT EVENTS The Company is currently negotiating the terms of their lease in order to get a reduction of $600 on their monthly rent. The Company has applied to be eligible for the IRS section 501(c) (3) to be classified as a nonprofit organization. This classification would allow them to be exempt from Federal Income Taxes and receive donations from other non-profit organizations. 8 LA UNIDAD CUBANA INC GENERAL AND ADMINISTRATIVE EXPENSES AS OF DECEMBER 31, 2022 Bank Charges $ 220 Mailing and postage 718 Office Expenses 1,408 Professional fees 450 Rent 11,558 Total General and Administrative Expenses $ 14,354 Read Accountant's Notes to Financial Statements Report