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HomeMy WebLinkAboutR-77-0096A/t§ 1/11/7/ CITY OF MIAMI, FLORIDA: RESOLUTION NO..... 77 A RESOLUTION APPROV'INd SITE AND DEVELOPMENT PLAN ON A PROPOSED RESTAURANT ON CITY -OWNED PROPERTY t�Nc WN A8 GROVE ttR' MARINA, AT APPROXIMATELY 2664 SOUTH BAYHHORR DRIVE, DINNER REY, AS REQUIRED BY SECTION 4 (1) , ARTICLE XVIII..1 (PUBLIC PARKS & RECREATIONAL USE) P..R DISTRICT, SUBJECT TO SUBMISSION OP DETAILED SITE, LANDSCARINct AND BUILDING PLANS ROR PLANNING DEPARTMENT APPROVAL. WHEREAS, the Miami planning Advisory Board, at its meeting of January 5, 1977, Item #5, following an advertised hearing, adopted Resolution No. PAB 3-77 by a 7 to 0 vote recommending site and development plan approval on a proposed restaurant on City -owned property known as Grove Key Marina, at approximately 2664 South Bayshore Drive, Dinner Key, as required by Section 4(1), ARTICLE XVIII-I (Public Parks & Recreational Use) P-R District; and WHEREAS, no objections have been received to said site and development plan; and WHEREAS, the City Commission deems it advisable and in the best interest of the general welfare of the City of Miami and its inhabitants to grant said approval; NOW, THEREFORE, BE IT RESOLVED BYD ongterg THE r+ • ITEM NO. Section 1. The site and development plan on a proposed restaurant on City -owned property known as Grove Key Marina, at approximately 2664 South Bayshore Drive, Dinner Key, as required by Section 4(1), ARTICLE XVIII-1 (Public Parks & Recreational Use) P-R District, be and the same is hereby approved, subject to submission of detailed site, landscaping and building plans for Planning Department approval. PASSED AND ADOPTED this 27 day of .JANUARY , 1977, PROP 3RED AND APPROVED BY; APP = tBD AS T S FORM AND • „ Michel E, ABder$on I iv -rLie.tw_'� ASSistant City.Attorney rao-. 1. KBQ ty Attorney RECTNESS: CQMMISSIQN MEETING OF JAN 1 l I977 THIS AbbEN SUM TO THE Lthst AGREEMENT between the City bf Miaiiti, a municipal corporation of the State of Florida hereinafter called the "City" and Crove Rey Marina, Inc, a r1orida corporation, hereinafter called the "Company", adds certain provisions .sions to that Lease Agreement trade and entered into between the parties on April 1, 1976= WHEREAS, the City Commission adopted Resolution 76-307 authorizing and directing the City Manager to execute a Lease Agreement with the Company for the eight year period beginning Tu1y 1, 1976 and ending June 30, 1984; and WHEREAS, said Lease Agreement dated April I, 1976 (hereinafter the "Lease Agreement") provided that the Company and the City shall negotiate for constructing and operating a restaurant facility on the leased premises, with the terms and conditions relating to this food and beverage facility to be determined by mutual agreement between the City and the Company and subject to approval by the City Commissicf; and WHEREAS, said Lease Agreement provided that the Company shall not sublet any part of the premises except by virtue of written authorization granted by the Commission of Miami; and WHEREAS, the City Commission on October 14, 1976 by Motion 76-885 approved in concept the size and type of restaurant to be constructed on the premises; NOW, THEREFORE, the parties agree as follows: 1, premises to be Leased. The City does hereby lease to the Company and the Company does hereby hire from the City, in addition to the .:operty set forth in paragraph .. of the Lease Agreement, the property more prirtieu1urly described in Exhibit A attached hereto, 7r pi 77 re The City cues hereby grant an easement to Gtove Rettautaht t,td. , Sublessee, uftdet the terms of the Sublease attached hereto as Exhibit C for the purpose of erecting a sign or signs, said easePent berg more particularly described in Exhibit g attached hereto► 2. Pub1ease. The City hereby authorizes the Company to sublease that certain parcel described in Exhibit A, herein. - after referred to as the "Restaurant Facility" to Grove Restaurant Ltd., a Florida limited partnership, and approves the sublease between Grove Rey Marina, Inc. and Grove Restaurant Ltd. attached hereto as Exhibit C. In the event that Grove Key Marina, Inc. defaults under the terms of the Lease agreement or in the event that Grove Key Marina, Inc. is removed from the premises or ceases to operate the premises for any reason, the City and the Sublessee shall be deemed to be in direct privity and all payments required under the terms of the Sublease shall continue to be made directly to the City. 3. Rent for Restaurant Facility. The consideration contemplated under Paragraph 4 of the Lease Agreement shall not apply to the Restaurant Facility. Rent shall be paid to the City for this Restaurant Facility on the following basis: (A) Rent. During the term of this lease the Company or its Sublessee shall pay to the City a minimum annual rent of Thirty Six Thousand Dollars, payable as follows: (i) An .amount equal to three and one-half percent (3.5%) of monthly gross sales as herein defined hall be paid monthly to the City on or before the fifteenth day of the following month; r (i) Within fifteen days after the elbse of caoh lease year, the Company or its Sublessee shall pay to the City the amount, if any► by which the payments made pursuant to Paragraph (i) abode were less than 'Thirty Six Thousand boliars. (iii) boring t-.e month in which the Restaurant Facility commences operation, the first day of that itionth shall be considered the day fµo-i which each lease year is calculated. However, the minimum annual rent for the first .ease year shall be reduced pr-orata for the number of days during the first month which the restaurant Facility was not yet in operation, (8) Ad Valorem Tares. In the event that the Restaurant Facility becomes subject to ad valorem taxation on the leasehold interest or the possessory interest attributable to the land owned by the City which is subleased for the Restaurant Facility, then these ad valorem taxes shall be paid by the Company or its Sublessee and that amount shall be deducted from the amount which would otherwise be payable in accordance with Paragraph (A) above. This reduction from rent to the City for ad valorem taxes shall not apply to ad valorem taxes attributable to the building, equipment or fixtures of the Restaurant Facility, which shall be paid by the Company or its Sublessee. (C) Payment by Sublessee Rent under the terms of this provision will be paid directly to the City by the Sublessee but in no instance shall this provision be construed tc release the Company from paying said rent if the Sublessee s'.-.ould fail to make rental payments. 4, Gross Sales The terms gross sales shall be interchangeable with the term gross receipts, Gross sales for the Restaurant Facility as used in paragraph 3A of this Addc:jdum shall be as defined in paragraph 12 of the Sublease between Grove Key Marina and Grove Restaurant: I.tci., which is attached Y veto as Exhibit C. (ii) Withih fifteen days after the close of €ach lease year, the Company or its Sublessee shall pay to the City the amount, if any, by which the payments made pursuant to paragraph (i) above were less than Thirty Six Thousa►d Dollars. (iii) During the month in which the Restaurant Facility commences operation, the first day of that month shall be considered the day from which each lease year is calculated. However, the minimum annual rent for the first lease year shall be reduced prorata for the number of days during the first. month which the Restaurant Facility was not yet in operation. (8) Ad Valorem Taxes. In the event that the Restaurant Facility becomes subject to ad valorem taxation on the leasehold interest or the possessory interest attributable to the land owned by the City which is subleased for the Restaurant Facility, then these ad valorem taxes shall be paid by the Company or its Sublessee and that amount shall be deducted from the amount which would otherwise be payable in accordance with Paragraph (A) above. This reduction from rent to the City for ad valorem taxes shall not apply to ad valorem taxes attributable to the building, equipment or fixtures of the Restaurant Facility, which shall be paid by the Company or its Sublessee. (C) Payment by Sublessee Rent under the terms of this provision will be paid directly to the City by the Sublessee but in no instance shall this provision be construed to release the Company from paying said rent if the Sublessee should fail to make rental payments. 4. Gross Sales The term gross sales shall be interchangeable with the term gross receipts, Gross sales for the Restaurant Facility as used in paragraph 3A of this Addendum shall be as defined in paragraph 12 of the Sublease between Grove Key Marina and Grove Restaurant )atd,, which is attached hereto as txhibit C, Cross sales as set forth in paragraph 4 of the Lease Alreetneht shill be strictly construed as defined thtreihi and shall not apply to reVeniaes of the Company Which arise from inVestments or par tieipation in the operation of the restaurant facility, or receipts attributable to the Sublease Agreement or ihvestments or participation in rather business ventures unrelated to the Lease Agreement. S. '10r'1t Deposit. On the date this Addendum and the Sublease (exhibit C) are approved by the City and executed, the Company or its Sublessee shall pay to the City the sum of $9,000. as advance payment of the first three months minimum monthly rent due hereunder. This amount shall be promptly returned to the Company or its Sublessee in the event that failure of any of the conditions subsequent in paragraph 3 of the Sublease have occurred. 6. Improvements of City. Upon commencement of construction of the restaurant, the City agrees to commence construction and installation to the leased premises of the following improve- ments and to pursue such work with due diligence: a. Access road with street lighting with underground cables with electrical stubouts for future ornamental iighti_ng, such ornamental lighting to be installed by the Sublessee. The access road is to be located in approximately the location indicated in Exhibit A attached hereto, commencing at South F3ayshore Drive providing public access to the leased premises, b. Water supply to the lased premises to the property line closest to the Restaur°ant In an afflount adequate to serviee the Restaurant and premises. o. Adequate sanitary sewer. 7. Term. The parties agree that in order to facilitate the financing of the major improvements to the leased premises, including the construction of the Restaurant Facility, the term of the Lease Agreement is hereby extended through ►7une 30, 2009, or thirty years from the date the Restaurant Facility commences business, whichever terminates first. 8. Licenses. It is contemplated that the Restaurant Facility shall require a license to sell alcoholic beverages, and the City hereby agrees to cooperate fully with The Company and its Sublessee to obtain such license, as well as other licenses or permits as may be necessary in the construction and operation of the Restaurant Facility. This paragraph shall not be construed to require the City to relax or avoid its laws. 9. Ownership of Improvements. All improvements, furnishings, and equipment constructed or installed on the Restaurant Facility Premises by the Company or its Sublessee shall be personal property, and Company or. its Sublessee shall have legal title thereto during the term of this lease. In the event Company or its Sublessee decides to finance the purchase and installation of certain furniture, fixtures, and equipment by use of a financing agreement under the Uniform Commercial Code, a conditional bill of sale, a leasing agreement, or some other security or title retention agreement ("Financing Agreement'") the City acl;now].edges that title to the equipment may be in the name Qf the company providing the financing t" 'i nanc ng Agency" ) for the period of financing, attc1 that the Pihahcihg Agency's right to such equipment is paramount to the rights of the City hereunder, In connection therewith, the City agrees tb execute such waiver and consent forms as are Customarily required by the Pihancing Agency, The Company or its Sublessee will use their best efforts to require that the Financing Agency notify the City of any default by the Company or its Sublessee under any Financing Agreement, in the event of which the City may either (i) cure the Company or its Sublessee's default, upon which Company or its Sublessee shall assign to the City its rights under the Financing Agreement; or (ii) require that the Company or its Sublessee replace the equipment removed by the Financing Agency with equipment of equal or better value. Upon the termination of the Financing Agreement the Company or its Sublessee shall obtain title to such equipment or shall replace such equipment with comparable equipment of equal or better value. upon the expiration or termination of this lease, title to all permanent real property improvements constructed on the Premises shall vest in the City.subject. to -the rights of any financing agency. Title to all supplie%, furnishings, inventories, business fixtures, removable equipment and other personal property shall remain vested with the Company or its Sublessee, and the Company or its Sublessee shall have the right to remove such items, excepting Licenses, from the Premises unless the Company or its Sublessee is in default hereunder, 10. Manner of Operation. a, The Company or its Sublessee shall },eep the restaurant and coc}*tail lounge reasonably stocked with food and beverage and reasonably staffed to serve the patrons thereof, and the Company or its Sublessee shall maintain 4 1 standard of quality of food and beverage at least equal to similar operations iti the area at reasonably comparable prices. b. r.'he facilities to be constructed by the Company or its Sublessee shall be open seven days a week' with the ekcep€JMh of Christmas bay and Thanksgiving bay, or such other days that are approved in writing by the City Manager. follows: c. Minimum hours of operation shall be as Lunch Monday through 1riday Saturday and Sunday 11:00 a.m. to 2:00 p.m. 11:00 a.m. to 3 : 00 p.m. Dinner Monday through Sunday 5:00 p.m. to 11:00 p.m. Cocktails Hours to comply with City of Miami Code and . Ordinances. Any changes in these minimum hours of operation are subject to the reasonable approval of the City Manager. Nothing herein contained shall be construed to authorize hours contrary to the laws governing such operations. 11. Conditions Subsequent. In the event of termination of the Sublease pursuant to the terms of Paragraph 3 of the Sublease attached hereto as Exhibit C, this Addendum shall be deemed cancelled and rescinded and the Company and the City released from all obligations hereunder as though this Addendum had not been executed. 12. Pledge of Leasehold Interest. The Company or its Sublessee may pledge or subordinate that portion of its leasehold interest as is subleased for the Restaurant Facility as security for a bona fide loan from reputable 'enders or lending institutions, but not beyond t ho term of the Sublease attached hereto as Exhibit C, subject to the approval of the City Manager, which shall not be unreasonably withheld, There shah. be fib pledge of leasehold interest as provided herein finless Approved in writing by the City M inager, which approval shall not be unreasonably withheld. Prior to obtaining written approval, the Company shall furnish to the City Manager` all agreements and legal instruments pertaining thereto itnvolVing the pledge of leasehold interest as security. 1A. Right to Cure. The City hereby agrees to provide not the to any agency or institution financing improvements on the property, of the failure of the Company or its Sublessee to comply with the terms and conditions contained in the Lease Agreement or the Sublease or to notify the financing agency if the Company or its Sublessee abandons or vacates the property prior to the expiration of the term of the Lease Agreement, provided that the financing agency desiring such notification notifies the City Manager, in writing, of its desire to receive such notification. Said notice shall be sent at the same time notice is sent to the Company as provided in Paragraph 22 of the Lease Agreement. The City hereby agrees to grant to any financing institution or agency the right to cure said breach or default within the same time periods allowed to the Company provided, however, that if the Company vacates or abandons the demised property prior to the expiration of the term of this lease the City shall grant to the financing institution a reasonable time to cure such default. Notwithstanding the provisions of Paragraph 22 of the Lease Agreement, the cure of any default or breach of the Company by the financing agency or institution may operate as an assignment of the rights of the Company under this agreement if such provision is required by the financing agreement. 14. Easement to City or Assigns. if and in the event the City decides to provide a tram or people -mover system or grant a franchise for same for. the Dinner Key area, the Company agrees to permit the City or its assigns to establish a station or terminal for said system r$- and to per iit adcess across the property, subjedt to the approvals Of the Cotinpany and its Sublessee, which approvals shall not be unreasonably withheld. If and ih the event the City decides to provide water borne transportation or to grant a franchise to provide water borne transportation to and from the Dinner key area to Other locations in the City, the Company agrees to permit the City or its franchisee to build sufficient docking facilities for said water borne transportation in a location subject to approvals of the Company acid its Sublessee, which approvals shall not be unreasonably withheld. It is agreed by the parties hereto that neither of the above transportation systems will be permitted to interfere with the normal operations of the marina or the Restaurant Facility, but rather to enhance these operations by making them more accessible to the general public. 15. Adjustment of Leased Areas. After the completion of all improvements contem- plated under the terms of this lease, the Company and the Sublessee may agree to the surrender and the City may agree to accept certain portions of the leased premises for public parking areas and public landscaped areas. 16. Termination. (A) The City shall have the right to terminate this Lease by written notice to the Company and its Sublessee not less than 180 days prior to the effective date of termination. On the day of termination, the City shall pay to the Company the fair market value of its investments, improvements and projected profits, which fair market value shall have been determined in the following manner; (1) 13y direct negotiation between the City and the Company, or if the parties cannot agree on the amount to be paid, then t 2) by arbitration , Whereby the City shall select ari appraiser and the Company shell select an appraiser, and these two appraisers shall agree oh a third appraiser' and the decision of the three br ahy two oh the sums to be paid after the same has been fully submitted and argued, shall be bihding upon the parties hereto, tech of the parties hereto shall bear all the expenses relating to the services and activities of their own arbiter and the fees and expenses of the referee shall be borne equally by both parties. (3) In no case shall the amount of the money that is to be paid by the City be less than the following: (a) The total amount of outstanding loans on the leasehold interest, improvements and equipment of the Company; plus (b) The remaining net value of all the Company's improvements and equipment based on straight line depreciation over their useful life; plus (c) The average annual profit for the preceding three years based on the Company's books and records, multiplied by the number of years which remained on the lease in the absence of termination. (B) On the day of termination the City shall also pay to the Sublessees of the Company the fair market value of their investments, improvements and projected profits, such fair market value to be determined according to the same method as set forth in this paragraph. (C) At the time of payment of all sums set forth above, the Company and its Sublessees shall execute agreements cancelling this Lease and any Subleases hereunder, and shall execute bills of sale for all personal property to be transferred on forms satisfactory to the City, (b) the right of tortnination granted by this paragraph may shot be ekerci8ec1 by the City prior to ,iune 30, 1999, and May be e tercisecl only by action of the City Commissioft at a regularly scheduled public meeting. 17. once a j uere The time for performance by the parties of any term, condition or covenant of the Addendum and the Sublease relating to construction shall be deemed extended by time lost due to delays resulting from acts of Cod, strikes, unavailability of building materials, civil riots, hurricanes or natural disasters, floods, national or labor, restrictions by governmental authority and any other cause not within the control of the parties. THIS ADDENDUM shall be deemed to add certain terms and conditions in accordance with the provisions of Paragraph 3 of the Lease Agreement, and said Lease Agreement shall not be deemed to be repealed, amended, or modified in any manner whatsoever except as hereinabove specifically provided. IN WITNESS WHEREOF, the parties hereto have individually and through their proper corporate officials executed THIS ADDENDUM this day of 1977. THE CITY OF MIAr1I, a Municipal Corporation of the State of Florida ATTEST: By City Clerk City Manager GROVE 1:EY I J RINA, INC., a Florida corporation ATTEST; By Secr,:!ta y (Seal) pres .dent Pfi%,AS1Gri�tT TiiiS SUDIXASt AGRDEMENT is ehtered into as of 19 between CROVS IttY MARINA' INC., a 11orida borporation of 3 8S pan American brive, Miatni, '1.or L a, as Sublessor ("Sublessor") and CROVt RESTAUPANT, LTD., a Vlotida limited partnership, as Sublessee ("Sublessee")r With respect to the following circumstances: (a) Sublessor is a party to that certain Lease Agreement dated April 1, 1976 (the "April 1976 Lease") between Grove Key Marina, Inc. ("Grove Key") and the City of Miami, a municipal corporation of the State of Florida ("the City") . (b) The April 1976 Lease provided for Grove Key and the City to negotiate for constructing and operating a restaurant facility, subject to ratification by the City Commission; and (c) The City Commission adopted Resolution 77- authorizing an Addendum to the April 1976 Lease and Resolution 77- authorizing Grove Key to enter into this Sublease Agreement. IN CONSIDERATION of the foregoing and the mutual covenants contained herein, the parties hereto agree as follows: 1. Description of Premises. For and in consideration of the mutual promises herein contained, Sublessor hereby leases to Sublessee, and Sublessee hereby leases from Sublessor certain real property (the "Premises") described in "Exhibit A" signed by the parties hereto and incorporated by reference. 2. Term. The term shall be thirty years commencing on June 30, 1979, or the elate Sublessee commences business, whichever occurs first subject to the provisions of paragraph 3 herein contained. . r Cpnditiohs,._ SubsegUent. (A) Suitability of Premises! Sublessor and Sublessee agree and acknowledge that the obligations of Sublessee are conditioned upon Sublessee's being able to secure a building permit and other approvals and assurances necessary to confirm that Sublessee shall have the right to construct and operate a first class restaurant and cocktail lounge on the Premises. (i) Within thirty days from the date hereof, Sublessee at its expense shall obtain a complete and accurate survey of the Premises containing an accurate metes and bounds description thereof. Within ninety days from the date hereof, Sublessee shall take steps to confirm with the appropriate governmental authorities and public utilities that there are or will be available by not later than the opening of the restaurant for business sufficient electrical, water, sewer, gas and telephone utilities to serve the restaurant. (ii) Within ninety days from this date Sublessee shall conduct soil test borings on the Premises to determine its suitability for the construction of the restaurant, and Sublessee shall have reasonable access to the premises for such purpose. Sublessee's obligations are conditioned upon the Premises being suitable for construction of the restaurant without necessity for incurring any extra -ordinary foundation expense which would cause the estimated cost of the restaurant to be substantially exceeded. (iii) Sublessor covenants that there is not to the knowledge of the Sublessor any threatened condemna- tion action with respect to the Premises or any building moratorium by any governmental agency or any injunction by any person under "anti -pollution" laws, ordinances or regulations tr tithertisor which will have the effect of preventing or lii ititg the constructioh or operation of a restaurant acid Cocktail lounge on the premisos, or the Sublessee' s right to tap into the sewer and water mains serving or bcitig proposed to terve the t rerises . () i:'inancing: Sublessee shall promptly undertake to obtain sufficient financing for construction of the restaurant on the premises, whether by sale of an equity participation in.the restaurant operation, by sale of a revenue bond or otherwise. Sublessee shall use its best efforts to obtain such financing as soon as practical, but such financing arrangements shall be closed by Po later than December 31, 1977. Promptly after such financing arrangements have been closed, Sublessee shall notify Sublessor thereof, For purposes of this Sublease, financing shall be deemed "obtained" only upon Sublessee's obtaining an enforceable commitment from institutional or other investors having financial strength sufficient to finance construction of the restaurant to the extent of $600,000., in the reasonable judgment of Sublessor. In the event of a default by any person responsible for furnishing such financing, the obligations of Sublessee hereunder shall be extended for reasonable period, not to exceed 90 days, during which the Sublessee shall use its best efforts to obtain alternate financing. Upon notice to Sublessor within such period that such alternate financing cannot be obtained, Sublessee and Sublessor shall be relieved of all further obligations hereunder and this Sublease shall thereupon terminate. (C) Liquor License: Sublessee shall apply for a liquor license from the appropriate governmental authorities. This sublease shall be specifically conditioned upon the issuance of a liquor license to the $ublecsee permitting only the dispehtinc and sale of alcoholic beverages bh the premises of tohsumption oh the premises. Sublessee shall use every reasonable effort grid due diligence to fulfill this condition. In the event that the Sublessee is unable to obtain the required liquor license then this Sublease shall be terminated. 4. Use. Sublessee covenants that it will not, under any circumstances, discriminate against individuals desiring to use the facilities and that all facilities located on the Premises shall be made available to the public, subject to the tight of the Sublessee to establish and enforce rules and regulations to provide for the orderly operation and security of such facilities. The Sublessee shall use the Premises for the sole purpose of constructing, equipping, furnishing, and operating a dining facility, cocktail lounge and banquet facility, and for purposes incidental thereto, and for no other purpose whatsoever, except upon written approval of the Sublessor and the City Manager. 5. Improvements of City. Upon commencement of construction of the restaurant, the City agrees to commence construction and installation to the leased premises of the following improve- ments and to pursue such work with due diligence: (a) Access road with street lighting with underground cables with electrical stubouts for future ornamental lighting, such ornamental lighting to be installed by the Sublessee. The access road is to be located in approximately the location indicated in Exhibit P attached hereto, commencing at South I3ayshore Drive providing public access to the leased premises, (b) Water supply to the leased premises tt the property line closest to the Restaurant in an amount adequate to serVicc the Restaurant and premises. (c) Adequate sanitary► sewer. 6. Impr9yements of 8.1b1essee. Within 30 days after the last of each and every Of the conditions in OA and 28 have been met, the Sublessee shall submit to the Sublessor and the City schematic plans for the Zestautant facility. Sixty days after approval by the Sublessor and the City of the schematic plans, preliminary plans shall be submitted. 1'inal working drawings and specifications shall be submitted 90 days after the Sublessor and the City's approval of the preliminary plans. After approval of the working drawings by all appropriate agencies thirty days will be allowed for the receiving of bids and 15 days to award same and commence construction. Upon award of bid, the Sublessee shall be permitted 12 months for the construction of the above -mentioned facilities, which shall include the following: (a) A restaurant complex containing a series of cocktail and dining areas, aesthetically and tastefully designed, decorated and furnished, featuring broad use of stone and wood and effective use of concrete materials assuring maximum structural safety from the elements and at the sate time providing top quality design and eye appeal. (b) The restaurant facility shall consist of approximately 12,000 square feet with not less than 200 person dining capacity and cocktail lounges serving not less than 125 guests, c ) A paved parking area with parkifg spaces in conformity with the ttlanning and Mining Ordinafice of the City of Miami as it presently exists or may be attiended. The restaurant shall have no iess parking spaces than required under such Ordinance. (d) Development of the site by the Sublessee shall consist of a luxurious park -like setting featuring gardens and native greenery, with outdoor areas for restaurant use during favorable climatic chnditions. (e) The Sublessee shall be solely responsible for complete telephone service to the facility. (f) The Sublessee shall construct a walkway along the bayfront portion of the leased Premises. The public shall have free and unobstructed use of this walkway during the term of this Sublease. (g) All utilities required for the operation of the facility shall be placed underground at the Sublessee's expense. Any electrical service provided to the Premises shall be placed underground and such service shall be the responsibility of the Sublessee. (h) All improvements of Sublessee shall be solely at Sublessee's coat and expense and shall be performed in a good and workmanlike Manner in accordance with sound construction practices. (i) The total cost of Sublessees improvements on the Premises shall not be leas than ..W)04.000. (3) In the event bf etitraordinary circumstances, beyond the control of the Sublessee, which require additional time for the Sublessee to meet the construction schedule herein contained, the Sublessor With the approval of the City Manager may, at their discretion, extend the period for obtaining financing and/or construction for an additional period not to exceed 120 days. 7. Construction Sonde Sublessee shall, prior to commencement of construction on the Premises by Sublessee, furnish Sublessor a surety bond naming Sublessor and Sublessee as the Principals and Owners, covering 100% of the cost of constructing the improvements, including labor and material. Sublessee shall keep the Premises and such improvements free and clear of liens for labor and material and shall hold Sublessor and the City harmless from any responsibility in respect thereto. 8. Owner2hip of Improvements. All improvements, furnishings, and equipment constructed or installed on the Restaurant Facility premises by the Sublessee shall be personal property and the Sublessee shall have legal title thereto during the term of this sublease. In the event Sublessee decides to finance the purchase and installation of certain furniture, fixtures, and equipment by use of a financing agreement under the Uniform Commercial Code, a conditional bill of sale, a leasing agreement, or some other security or title retention agreement ("Financing Agreement") , the parties acknowledge that title to the equipment may be in the name of the company providing the financing ("Financing Agency") for the period of financing, and that the Financing Agency's right to such equipment is paramount to the rights of the Sublessor and the City hereunder. In commotion therewith, the Sublessor And City agree to e3tecute such waiver and consent forts as Are customarily required by the Financing Agency. The Sublessee will use its best efforts to require that the rihancing Agency notify the Sublessor and the City of any default by Sublessee under any Financing Agreement, ih the event of which the Sublessor may either (i) cure the Sublessee's default, upon which Sublessee shall assign to Sublessor its Sights under the Financing Agreement; or (ii) require that the Sublessee replace the equipment removed by the Financing Agency with equipment of equal or better value. Upon the termination of the Financing Agreement the Sublessee shall obtain title to the equipment subject to such Financing Agreement or shall replace such equipment with comparable equipment of equal or better value. Upon the expiration or termination of this Sublease, title to all permanent improvements constructed on the Premises shall vest in the City of Miami subject to the rights of any financing agency. Title to all supplies, furnishings, inventories, removable fixtures and removable equipment and other personal property shall remain vested with the Sublessee, and the Sublessee shall have the right to remove such items, excepting Licenses, from the Premises unless Sublessee is in default hereunder. 9. Pledge of Leasehold Interest. The Sublessee may pledge this leasehold interest as security for a bona fide loan, subject to the approval of the Sublessor and the City Manager of the City, which shall not be unreasonably withheld, from reputable lenders or lending institutions, but not beyond the sublease term. There shall be no pledge of leasehold interest as provided herein Unless approved in writing by the Sublessor and the City Manager, which shall not be unreasonably withheld. Prior to obtz ning written approval, the Sublessee shall furnish to the Sublessor and the City Manager all agreements and legal instruments pertaining thereto involving the pledge of leasehold interest as security. 10. tPnt for 1te8taurant YaoilitY. !Rent- shall be paid by the Sublessee directly to the City for this restaurant facility on the following basis: (A) Rent: During the term of this lease the Sublessee shall pay to the City a minimum annual rent of Thirty Six Thousand Dollars, payable as follows: (i) An amount equal to three and one --half percent (3,5%) of gross sales as herein defined shall be paid monthly to the City on or before the fifteenth day of the following month; (ii) Within fifteen days after the close of each lease year, the Sublessee shall pay to the City the amount if any, by which the payments made pursuant to paragraph (i) above were less than Thirty Six Thousand Dollars. (iii) During the month in which the Restaurant Facility commences operation, the first day of that month shall be considered the day from which each lease year is calculated. However, the minimum annual rent for the first lease year shall be reduced prorata for the number of days during the first month which the Restaurant Facility was not yet in operation. (13) Ad Valorem Taxes: In the event that the Restaurant Facility becomes subject to ad valorem taxation on the lease -}old interest or the possessory interest attribu- table to the land owned by the City which is subleased for the Restaurant Facility, then these ad valorem tares shall be paid by the Sublessee and that amount shall, be deducted from the amount which would otherwise be payable in accordance with paragraph (A) above. This reduction from tent to the City for ad Valorem taxes shall not apply to ad valorem taxes attributable to the building, equipment or fixtures of the Ilestautant 'agility, which shall be paid by the Sublessee. �• lent beposit. On the date this Sublease is executed, the Sublessee shall pay to the Sublessor the sum of $9,000. as advance payment of the first three months minimum monthly rent due hereunder. This amount shall be promptly returned to Sublessee in the event of failure of any of the conditions subsequent in paragraph 3 above to have occurred. 12. Gross Receipts. The term "gross receipts" as used herein shall include all receipts, whether collected or accrued, derived by the Sublessee from all business conducted upon or from the Premises, including but not limited to receipts from sale of food, beverac.es, alcoholic beverages, merchandise, or from any source whatsoever; excluding the following items: (a) Retail sales taxes, excise taxes, or related direct taxes on the consumer and collected by Sublessee; (b) Receipts from the salt of waste or scrap materials resulting from Sublessor's operations on the Premises; (c) Receipts from the sale or trade-in value of any furniture, fixtures, or equipment used on the Premises; (d) The cost or value of :-teals or discounts given to employees of Sublessee; (e) The cost or value of food and beverage used for entertainment and business promotion purposes by officers And employees of Sublessee; (f) The atibiint of by gratuities given by patrons to employees of Sublessee,. (g) Receipts from sale Of tobacco, ciga:ettea and cigars; and (h) Ikevenue from restaurant parking. 13. Records, Accounts, and Statements. Sublessee shall keep on the Premises, or such Other place approved by Sublessor and the City, true, accurate, and complete records and accounts of all sales, rentals, and business being transacted upon or from the Premises and shall give Sublessor or Sublessor's representative access during reasonable business hours to examine and audit such records and accounts. Within 30 days after each month of the term hereof Sublessee shall deliver to Sublessor and the City of Miami a written monthly statement of the gross receipts for such month certified by Sublessee to be true, accurate, and complete. Within 30 days after each lease year, Sublessee shall deliver to Sublessor and the City of Miami a written annual statement of the gross receipts for such fiscal year. Said statement shall be certified as true, accurate, and complete by Sublessee. 14. Property Taxes. During the term hereof the Sublessee shall pay all taxes of whatever nature lawfully levied upon or assessed against the Premises and improvements, property, sales, rentals or operations thereon, including but not limited to ad valorem taxes, but subject to the provisions in paragraph 10D. 15. Licenses and Permits. Sublessee shall pay for all licenses, permits and fees necessary for Sublessee to conduct Sublessoe' s business on the Premises. Upon terntiiiatioii bf this Sublease fof any catisc whatsoever, all licenses, including liquor license, shah. beobne the property of the tuble8orl its succes5ott or aSaign8, 16. Vanhei• or ope `ati1 31. (1) Sublessee shall keep the restaurant and cocktail lounge reasonably stocked with food and beverage and reasonably staffed to serve the patrons thereof, and Sublessee shall maintain a standard of quality of food and beverage at least equal to similar operations in the area at reasonably comparable prices. (2) The facilities to be constructed by the Sublessee shall be open seven days a week, with the exception of Christmas Day and Thanksgiving Day, or such other days that are approved in writing by the City Manager. (3) Minimum Hours of operation shall be as follows: Lunch Monday through Friday Saturday and Sunday Dinner Monday through Sunday Cocktails Hours to comply with City of Miami Code and Ordinances. 11:00 a.m. to 2:00 p.m. 11:00 a.m. to 3:00 p.m. 5:00 p.m. to 11:00 p.m. Any changes in these minimum hours of operation are subject to the reasonable approval of the City Manager. Nothing herein contained shall be construed to authorize hours contrary to the laws governing such operations. 17, Conformity to Law. Sublessee shall comply with all laws, ordinances, regulations and orders of federal, state, county and municipal authorities pertaining to the Premises and Sublessee's improvements and operations thereon. Sublessee covenants and agrees there will be no discrimination as to race, color, creed or national origin in the ,u .e of the s es . 106 NO-h,,t9Pance arkd tIPPdits, burinthe term hereof, Sublessee, at SUblessee's eXpense, shall to the satisfaction of the Sublessor, keep and maintain the Premises and all improVeMehts thereon in good and sanitary order, condition, and repair, consistent with the operation of a first-class quality restaurant ih the Miami area. Upoh expiration or termination hereof, Sublessee shall surrender and deliver up to Sublessor the Premises and all permanent improvements thereon in good and useable condition, ordinary wear and test excepted. 19. Utilities. Sublessee shall promptly pay for charges for water, gas, electricity, telephone and all other charges for utilities which may be furnished to the Premises during the term hereof including garbage and trash pick-up. 20. Indemnification. Sublessee shall indemnify and hold harmless Sublessor and City of Miami from damage and liability arising from liens or claims of any kind or nature whatsoever resulting from the use, activities, and operations of Sublessee on or about the Premises. 21. Insurance. At all times during the term hereof, Sublessee shall maintain in full force and effect the following described insurance covering the Premises and Sublessee's improvements and operations thereon: (a) Public Liability Including Products Liability Insurance: Not less than $500,000 for death of or injury to any one person in any one occurance. Not less tban $1,000,000 for death of or injury to two or more persons in any one occurance, Not less than $50,000 property damage. 04 Fire and Extended Coverage; 90% of rep3acement value of all improvementsf excluding payment, curbs an a foundations, -13- Certificates of such ihst.r hde shall be de1iVered 6 Sublessor and the City of Miami prier to the begihn ttt Of ey eonstruction by Sublessee; such policies shall name Sublessor and the City of Miami as additional insured and shall provide that Sublessor and the City of Miattti be given at least 30 days advance written notice of cancellation or material modification. All Certificates of Insurance shall be filed with the City Clerk of the City of Miami, Florida. The insurance provided for herein shall be written by a company authorized to do business in the State of Florida. The insurance company and the amount of coverage shall be subject to the reasonable approval of the City Manager, and the proceeds payable under Section (b) hereof shall be assignable to the Sublessor and the City of Miami pursuant to Paragraph 22 of this Sublease. 22. Destruction. In the event of the destruction or damage of the Restaurant Facility by fire, windstorm or any other casualty for which insurance will be payable, the insurance proceeds will be deposited into a joint account of the City, the Sublessor, the Sublessee and the Financing Agency, if any, in a bank in Dade County and shall be available to the Sublessee for the reconstruction or repair as the case may be of the damaged or destroyed building or other improvements. The insurance money shall be paid out of said account by the joint signatures of representatives of the City, the Sublessor, the Sublessee and the Financing Agency only upon certification from time to time by a licensed architect or engineer (who shall supervise the construction and repair) that the amount of each draw is being applied to the payment of the reconstruction or repair and at a reasonable cost therefor, It shall be the duty of the Sublessee, at the time of creating the joint ban% account, and from time to time thereafter, until the work of reconstruction and repair has been completed and paid for try provide the City, the Sublessor acid the Pihandihg Agency With adequate eVidehce of the fact that at alltunes the undisbursed portion of the fund ih said joint bank account S suffici.eht to pay for the Bork of reconstruction and repair ih its entirety and to procure receipted bills and full and final Waivers of lien when the said work shall have been completed and done. The work hereunder, when completed, shall restore the premises substantially to the condition in which they existed before such damage or destruction took place. In the alternative, the Sublessee may, in lieu of a joint bank account, provide the City, the Sublessor and the Financing Agency with a surety bond conditioned upon the recon- struction of said premises and the payment for all work as provided herein. The reconstruction improvements shall be or become the replacement for any security which was lost as a result of the destruction. During any period of time which any improvement or building is rendered untenable for any reason whatsoever, rent paid by the Sublessee shall be adjusted in accord with the provisions of Paragraph 25 of the April 1976 Lease. In the event of destruction or damage to the restaurant facility which renders the property untenable for a period of 90 days or longer, for which insurance proceeds will be payable, Sublessee shall have the option to terminate this Sublease, in which case all insurance proceeds shall be paid into a joint account of the City, the Sublessor and the Financing Agency, if any, and reconstruction may proceed as otherwise set forth above. 23. Default. (a) if Sublessee abandons or vacates the Premises prior to the expiration of the term hereof, or (b) If Sublessee fails to make the rent payments as sct forth herein and said payment is not made within 5 days after written notice is given to Sublessee, or (c) if Sublessee fails to perfbrtn in acdOrdande With any of the other terms attd conditions herein Contained, and such default is hot cured Within 30 days after written notice is giVen to Sublessee ot'if Sublessee Within such period has hot undertaken all reasonable best efforts to cure such default as soon as reasonably practicable, then Sublessor, at Sublessor's option and without further notice or demand to Sublessee, may enter into possession of the Premises and all improvements thereon and remove all persons therefrom and may either take possession of all furniture, equipment, and other personal property of Sublessee found on the Premises or remove such property or any part of it and store it at Sublessee's expense subject to the rights of any financing agency. Sublessor may then either terminate this Sublease or relet the Premises subject to the approval of the City Manager which approval shall not be unreasonably withheld. In the event Sublessor elects to relet the Premises for such rent and upon such terms as Sublessor may be able to obtain, Sublessee shall continue to pay any differences between the rent obtained by such reletting and the rent due hereunder. 24. Bankruptcy or Insolvency. If Sublessee is adjudicated a bankrupt or makes an assignment for the benefit of creditors or if the leasehold interest is sold under a judgment, Sublessor shall have the right to immediately terminate this Sublease and re-enter the Premises without notice or demand. This provision shall not apply to any sale made under the provisions of. paragraph 9. 25. Sublease and Assignment. Sublessee shall not sublease the Premises or any part thereof nor assign this sublease to any other person or firm or amend this sublease without first obtaining Sublessor's and the City of Miami's written approval therefor, which approval shall not be unreasonably withhold, 26. Inspection of Promises, For the purpose of inspection, Sublessor and the City hereby reserve the right to enter upon any part of the Premises at any reasonable time during the period the business is to be open under the temp of this Sublease. 276 Notioest All notices and rental payments shall be sent to the parties at the folloWing addresses: The City of Miami, Florida P. t . box 130708 Miami, Florida 33133 Sublessor: Grove Rey Marina, Inc. 338S Pan American b.rve Miami, Florida 33133 Sublessee: Grove Restaurant, btd. 3387 Pan American brive Miami, Florida 33123 The Sublessor, City of Miami, and Sublessee may change such addresses at any time upon giving the other party written notification. All notices under this lease must be in writing and shall be deemed to be served when delivered to the address of the addressee. All notices served by mail shall be by certified snail, return receipt requested. Sublessee may designate additional persons for notification of default. 28. Attorneys' Fees. Sublessee agrees to pay the cost of collection and 10% attorneys' fees on any part of said rental that may be collected by suit or by attorney after the same is past due, or in the event that it is necessary to filo suit to enforce any of the other provisions of this Sublease, the prevailing party shall be entitled to costs and reasonable attorney's fees including appellate attorney's fees. 29. Waiver. No waiver by Sublessor at any time of any of the terms or conditions of the Sublease shall be deemed a waiver at any time thereafter of the Same or any other terms or conditions hereof. 30. Time of Essence, Time shall lie of the ossenoe of this Sublease. 31. Tormg_Piric is ...bn ,. g1toees O's. All of the teams and conditions of the Sublease tha11 inure to the benefit of and be binding upon the successors and assigns of the patties hereto. 324 pigns. No signs whatsoever, including advertising signs, sha11 be erected or permitted upon the premises until the plans therefor have first been submitted to the Sublessor and the City Manager of the City, and they shall approve said plans for the design and construction thereof in writing. Sublessee shall be entitled to an easement from the City on Bayshore Drive for the term of this Sublease, in the location and having the dimensions shown on Exhibit B hereto for the purpose of erecting a sign or signs. 33. Adjustment of leased areas. After the completion of all improvements contemplated under the terms of this Sublease, the Sublessor and the Sublessee may agree to surrender to the City and the City may agree to accept certain portion of the subleased premises for public parking areas and public landscaped areas. 34. Acceptance of April 1976 Lease. Sublessee is aware of all provisions of the April 1976 Lease and covenants not to engage in any conduct or activity or do anything which constitutes a violation of any of the provisions of that Lease. Conduct or activity which violates the provisions of the April 1976 Lease shall automatically constitute a default under the terms of this Sublease. 35. Force Majure. The time for performance by the parties of any term, condition or covenant of the Addendum and the Sublease relating to construction shallbe deemed etended by time lost due to delays resulting from acts of Cod, strikes, unavailability of building materials, civil riots, hurricanes, flOOds Or natural disasters) national or labor restrictions by gtVernmental authority and any other cause not within the Contre51 of the parties. 3N W/TNES8 WERE0P0 the parties have executed this SUblease on the date first above written. Corporate Seal COVE REY MARINA) INC.) Sublessor ty: ATTEST: President Secretary GROVE RESTAURANT, LTD., Sublessee By: By: General Partner -19- General Partner