HomeMy WebLinkAbout23546AGREEMENT INFORMATION
AGREEMENT NUMBER
23546
NAME/TYPE OF AGREEMENT
BAYVIEW ASSOCIATES, INC.
DESCRIPTION
1ST AMENDMENT TO LEASE AGREEMENT/3 MONTHS
ADVANCE RENT PAID/FILE ID: J-92-356/R-92-0307
EFFECTIVE DATE
January 7, 1993
ATTESTED BY
WALTER FOEMAN
ATTESTED DATE
1/8/1993
DATE RECEIVED FROM ISSUING
DEPT.
1/8/1993
NOTE
00— ._
a 354(o
Name of parLy(ies) :
Document Type:
Purpose:
DOCUMENT LOG FORM/CITY.MANAGER'S OFFICE
Bayview AssociatesInc.
Amendment to Lease Agreement
Three months advance rent paid to the Bayview Assoc. to
become a loan, payable bac tote i y in ins a m
with 6 percent interest.
Facility: Dupont Plaza Center Offices
Date (s) : N/A
Department:
Contact Person (Questions):
Contact Person (Delivery)
Development and dousing Conservation
Telephone'3 3 3 6
Telephone 3 3 3 6
Erdal Donmez`
Erdal Donmez;
EXPENSE/REVENUE $ N/A
AUTIIORIZED BY RESOLUTION NO.
`' APPROVED BY: Budget Director
CIP Administrator
Comm. Dev. Director
XX
Dept. Director or Designee
ACM/Advisor
Date Rec. by Mgr's Off.:
Date Signed by Mgr.:
Attested by City Clerk:
Returned to DepL/Office:
ORIGINAL TO CITY CLERK:
(If CIP Funds)
(If C.D. Funds)
All City requirements have been met and the
document(s) is (are) ready for exe uLion
Deptirector/Designee Init. Net.
Date
Date
FIRST AMENDMENT TO LEASE AGREEMENT
)THIS FIRST AMENDMENT, made this i day
19r,- to the Lease Agreement (the "Lease") dated Jine 27,
by and between the City of Miami, a municipal corporation of the
State of Florida (the "CITY") and the Bayview Associates, Inc., a
Florida corporation ("LANDLORD").
RECITAL
WHEREAS, LANDLORD and CITY entered into the Lease; and
WHEREAS, the CITY and the LANDLORD wish to amend Section VI
of the Lease in order to modify the method of repayment of Two
Hundred Fifty -Seven Thousand Six Hundred Three Dollars and 50/100
($257,603.50) paid by the CITY to the LANDLORD as a Deposit (as
defined in the Lease) upon the execution of said Lease; and
WHEREAS, the City Commission by Resolution No. 92-('Q 7,
has authorized the City Manager to execute this First Amendment
to the Lease on the date set forth above ("First Amendment");
NOW, THEREFORE, for Ten Dollars ($10.00) and other good and
valuable consideration, receipt and adequacy of which is hereby
acknowledged, the parties hereto agree as follows:
1. The foregoing recitals are true and correct and
are made a part of this First Amendment.
2. LANDLORD and CITY hereby to amend and modify'
Section VI of the Lease to read as follows:
RENT ADVANCE:
Tenant concurrently with the execution of this Lease has
deposited with the LANDLORD the sum of Two Hundred Fifty -Seven
Thousand Six Hundred Three Dollars and 50/100 ($257,603.50)
("Deposit"). The LANDLORD shall return the Deposit to the CITY
by the payment of twelve (12) monthly installments of an amount
equal to one -twelfth (1/12) of the Deposit plus six percent (6.%)
simple interest, such payments to commence on the Commencement
Date of the Lease.
The parties hereto agree that all other sections of the
Lease not amended hereunder continue in full force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this
First Amendment to be duly executed and delivered by their
respective officers as duly authorized on the date first above
written.
ATTEST:
TTY HIRAI
City Clerk
CITY OF MIAMI, a municipal
Corporation of the State of
Florida
• By
CESAR H. ODIO
City Manager
BAYVIEW ASSOCIATES, INC.
J. J,. Sf epa
Gen-ral Manger and
Vi.I President
APPROVED AS TO INSURANCE
REQUIREMENTS
DO R. EEREZ
Insurance Coordinator
ROD/pb/M345
6/12/92 3:03 PM
APPROVED AS TO FORM AND
CORRECTNESS:
J-92-356
5/6/92
RESOLUTION NO.
92- 307
At RESOLUTION, WITH ATTACHMENT, AUTHORIZING
THE CITY MANAGER TO EXECUTE AN AMENDMENT TO
THE LEASE ACREEMENT, IN SUBSTANTIALLY THE
FORM ATTACHED, ("LEASE") BETWEEN THE CITY Q.
MIAMT ("CITY") AND DAYVIEW ASSOCIATES INC.
("LANDLORD") , DATED JUNE 27, 1991, THEREBY
MODIFYING SECTION V1 OF SAID LEASE TO
ACCOMMODATE A REQUEST MADE BY LANDLORD 1N
CONNECTION WITH THE REPAYMENT OF A t)EPOSIT
MADE BY TI1E CI'I'YTO LANDLORD UPON THE
EXECUTION OF SAID LEASE.
WHEREAS, by Resolution No. 91-436, adopted June 20,
1991, the City Commission authorized the city Manager to execute
a ease Agreement with the I3ayview Associates Inc. for office
space at the Dupont Plaza Center; and
WHEREAS, as stipulated in Section VI of said Lease, the
City made a deposit ( "Deposit") equal to three months rent, which
was to be credited as the first three months rent payments after
the Coirunencemc:ni: Date (as set terms defined in said Lease) ; and
WHEREAS, due to excessive overruns in the cost of
renovations of the office space leased by the City, the Landlord
requests the repayment of. the Deposit in twelve installments,
with s:1.x percent simple interest payable on beginning the
Commencement Date and Every month after until fully paid:
NOW, THEREFORE, 13E I'1' RESOLVED BY 'I'I11, COMMISSION OF THE
C:L'I'Y OF' M:1 AMI * FLORIDA:
A'HAC -4MT()
C0UrAINED
4'J ' C:OT'Ii9ISsiON
VIEE ING or
MAY 1 L 1!2
r1-,o1,ot1•,n No.
92- 307
1 I_ I E" 1 • _ -4 E.
SECTION 1. The recitals and findings Contained in the
Preamble to this Resolution are hereby adopted by reference
thereto and incorporated herein as if fully 8cA forth in this
Section.
SECTION 2. The City Manager is hereby 'is' authorized to
execute an aMendmenL to the Lease Agreement, in substantially the
forrn at:l:ached, between the City of Miami and Bayv-I.ew Associates
Inc. dated Juno 27, 1991, thereby modifying Section VI of said
Lease to accbmmadate a request made by Landlord in confection
with the repayment of a deposit made by the City to Landlord upon
the execution cOf said Lease:
SECTION 3. This Resolution shall become effective
immediately upon its adoption.
PASSED AND ADOPTED Lhis 14tlr day of M?ay
MA' jj Y 11IRAI, City Clark
i'RFi'AR1';F) AND APPROVED BY:
RAF'AEL
Deputy City Att.ornra
7
1992.
XAVIER L.,SU'REZ, M: or
APPROVED AS TO FORM AND
CORRECTNESS:
92- 10'7