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oty�Yr'f@ FIRST AMENDMENT TO CITY OF SUNNY ISLES BEACH PARKING LICENSE AGREEMENT WITH 18975 COLLINS Yr y` F` CONDOMINIUM ASSOCIATION, INC. (ARMANI CASA) c.rfo a a° c LNN THIS FIRST AMENDMENT TO THE PARKING LICENSE AGREEMENT between the CITY OF SUNNY ISLES BEACH ("City") and 18975 COLLINS CONDOMIPIIUM ASSOCIATION, INC. ("Armani Casa"), executed this,' day of March, 2024, is made a part of the original Parking License Agreement between the City and Armani Casa, dated February 1, 2023 ("Agreement"), attached hereto as Attachment "A." The City and Armani Casa hereby agree as follows: 1. USE OF PROPERTY. City and Armani Casa wish to amend Section 2 of the Agreement, entitled "Use of Property," to add ten (10) additional designated parking spaces located within the Property, for a total of thirty-two (32) designated parking spaces, for use by Armani Casa employees, contractors, subcontractors, agents, representatives, and invitees, as depicted in Attachment `B," which revises and amends Attachment "A" to the original Parking License Agreement. 2. LICENSE FEE. City and Armani Casa also wish to amend Section 3 of the Agreement, entitled "License Fee" to reflect the amended license fee for thirty-two (32) designated parking spaces as follows: Armani Casa shall pay a monthly fee of Eight Thousand Two Hundred Forty Dollars and No Cents ($8,240.00) for exclusive use of the thirty-two (32) designated parking spaces located within the Property. The payments shall be remitted to the City's Finance Department and due no later than the 1 st day of each month. The first payment under this Agreement shall be made in advance of the first month and every subsequent month thereafter. Armani Casa will be required to pay any City parking application fees or permit fees. Armani Casa shall be required to pay a three percent (3%) increase annually for each subsequent year under this Agreement. 3. TERM. City and Armani Casa also wish to amend Section 4 of the Agreement, entitled "Term," to provide that, subject to the Parties' right to terminate the Agreement as set forth in Section 12, the Term of the Agreement shall be on a month-to-month basis only. 4. ENTIRE AGREEMENT. City and Armani Casa also wish to amend Section 15, to add the following sentence: "The City Manager is authorized to change, alter, or modify the Agreement on behalf of the City. 5. OTHER PROVISIONS REMAIN IN EFFECT. Except as specifically modified herein, all terms and conditions of the original Agreement between the parties, dated February 1, 2023, shall remain in full force and effect. 6. CONFLICTING PROVISIONS. The terms, statements, requirements, or provisions contained in this First Amendment shall prevail and be given superior effect and priority over any conflicting or inconsistent terms, statements, requirements, or provisions contained in any other document or attachment, including but not limited to Attachment "A." 18975 Collins Condominium Assoc. — First Amendment Pagel of 5