HomeMy WebLinkAboutCRA-R-24-0057 Backupbrightline.
September 19, 2024
To: James D. McQueen, Executive Director, Southeast Overtown/Park West Community Redevelopment Agency
"SEOPW CRA"
From: Brightline Trains Florida LLC
RE: SEOPW CRA Letter of Intent
Brightline is pleased to offer the following terms and conditions for a proposed sublease agreement (the "Sublease") for a
portion of the newly constructed building known as ("MiamiCentral Station") or (the "Building") located at 600 NW 1st
Avenue, Miami, FL 33136.
1. Lessee: SEOPW CRA, 819 NW 2' Ave, 3' Floor, Miami, FL 33136
2. Lessor: Brightline Trains Florida LLC, 350 NW 1st Ave, Ste 200, Miami, FL 33128
3. Premises: Approximately 603SF on the mezzanine floor of the North block of MiamiCentral Station. The
Premises has direct access to the Brightline station.
4. As-ls Delivery/Delivery Date: Lessor shall deliver the Premises in As-ls condition one (1) business day after the
execution of a fully negotiated Sublease.
5. Sublease Effective Date: The Sublease shall become effective and in full force on the date of execution of the
Sublease.
6. Term: The Term of the Sublease shall be ten (10) years from Rent Commencement with the option to renew the
Term for four (4) additional terms of one (1) year each.
7. Rent Commencement: Rent Commencement will begin on the Delivery Date.
8. Rent:
Sublease Months
Monthly Rent
Term
$1,400.00
9. Use/Shared Access: Lessee shall use the Premises only for general office and professional business purposes,
and for no other purpose. Lessee acknowledges and agrees that Lessor, its successors and assigns, may access and use,
on a non-exclusive basis, the existing kitchen/break room area of the Premises
10. Assignment: Lessee shall not be entitled to assign the Sublease or to sublet all or any portion of the Premises
without the prior written consent of Lessor, which consent may be withheld in Lessor's sole and absolute discretion.
It is expressly understood by the parties that this letter shall serve only as an outline of the general terms and conditions
under which the parties would consider entering into an agreement to Sublease the Premises. This letter is not a contract,
and the preliminary understandings expressed in this letter are subject to, and conditioned upon, the negotiation and
execution of a Sublease. This letter is an agreement to negotiate in good faith in a timely manner.
350 NW 1st Avenue, Suite 200, Miami, FL 33128
door to the
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PREMISES
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