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CITY OF SUNNY ISLES BEACH <br />PARKING LICENSE AGREEMENT <br />This Parking License Agreement (this "Agreement") is made as of`2Zkoday of <br />2023, by and between the CITY OF SUNNY ISLES BEACH, a municipal <br />corporation (the "City") and REGALIA BEACH DEVELOPERS, LLC. ("Regalia"). <br />RECITALS <br />WHEREAS, Regalia is in need of additional parking by their employees, <br />contractors, subcontractors, agents, representatives and invitees in order to accommodate <br />potential overflow parking in connection with the Regalia located at 19505 Collins Avenue, <br />Sunny Isles Beach, FL 33160 (the "Project"); and <br />WHEREAS, the City and Regalia (collectively referred to as "the Parties") desire to enter <br />into a exclusive parking license agreement for twenty (20) parking spaces in the parking lot located <br />underneath the William Lehman Causeway at State Road (SR) 856/William Lehman <br />Causeway/NE 192nd Street and Collins Avenue (the "Property"); and <br />WHEREAS, the twenty (20) parking spaces are more particularly described and depicted <br />in Attachment "A" to this Agreement, which is incorporated herein by reference; and <br />NOW, THEREFORE, in consideration of the execution and delivery of this Agreement <br />and other good and valuable consideration, the receipt and sufficiency of which is hereby <br />acknowledged, the parties agree as follows: <br />1. Recitals. The foregoing recitals are true and correct and are incorporated herein in their <br />entirety. <br />2. Use of the Property. The City hereby licenses to Regalia the right to use on an exclusive <br />basis the twenty (20) designated parking spaces located within the Property, as depicted in <br />Attachment "A", for use by Regalia employees, contractors, subcontractors, agents, <br />representatives and invitees. No other use of the Property is permitted without the express written <br />permission from the City. Any vehicles not parked in the approved spaces and/or not displaying <br />the parking permit from the City will be ticketed by the City's Code Compliance Division. <br />2.1 Limitations on Use of the PropertX. Regalia agrees that the use of the Property is <br />for passenger vehicles only. All vehicles parked on the Property pursuant to this Agreement shall <br />be free of leaking substances. Any fluid leaks, such as oil and gas, shall be cleaned up promptly <br />by Regalia. The washing, repairing or painting of vehicles on the Property is also strictly <br />prohibited. Regalia shall not permit the parking of any derelict vehicles on the Property. As used <br />herein, a "derelict vehicle" shall mean an old and dilapidated motor vehicle that is: <br />(a) partially dismantled or wrecked; or <br />(b) cannot be self-propelled or moved in the manner in which it originally was <br />intended to move; or <br />(c) does not display a current license plate. <br />Page 1 of 5 <br />