Ordinance 2026-653 - Laserfiche WebLink

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EXECUTION COPY FIRST AMENDMENT TO LEASE AGREEMENT THIS FIRST AMENDMENT TO LEASE AGREEMENT (hereinafter "First Amendment"), is made and entered into this b* day of,4frr4 2026 (hereinafter "Effective Date"), by and between: "I CITY OF SUNNY ISLES BEACH, a municipal corporation organized under the laws of the State of Florida, whose principal address is 18070 Collins Avenue, FL 33160 (hereinafter "LESSOR" or "CITY"), and LA PLAYA BEACH ASSOCIATES, LLC, a foreign limited liability company organized under the laws of the State of Delaware, whose principal address is 1300 Brickell Avenue, Miami, FL 33131 (hereinafter "LESSEE"). WITNESSETH: WHEREAS, LESSOR and LESSEE are parties to that certain Lease Agreement, dated July 10, 2024 (hereinafter "Lease") providing for the lease to LESSEE of certain premises located at 18590 Collins Avenue, Sunny Isles Beach, FL 33160, as more particularly described in the Lease, appended hereto as Exhibit 1; and WHEREAS, LESSOR and LESSEE desire to amend certain terms of the Lease pursuant to the terms, provisions, and conditions set forth in this First Amendment; NOW THEREFORE, in consideration of the mutual covenants exchanged herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the LESSOR and LESSEE agree as follows: 1. RECITALS; DEFINED TERMS. The recitals set forth above are true and correct and are incorporated herein by reference. All capitalized terms contained in this First Amendment that are not otherwise defined shall have the respective meanings ascribed to them in the Lease. 2. TERM OF LEASE. Article 2, Section 2.1, of the Lease is amended as follows: Term. The Term of this Lease commences on the "Effective Date" and runs for an initial period of femme six -six (42 66) months, unless the parties terminate the Lease earlier, with options for five (5) twelve (12) month renewals thereafter at the LESSOR's sole discretion. LESSOR and LESSEE shall have the mutual right to terminate this Lease upon sixty (60) days advance written notice to the non - terminating party however this termination right shall not apply to the initial ferty- twe six -six (42- 66) month Term. 3. Except as amended herein, the Lease remains unmodified and in full force and effect and is hereby ratified and confirmed. The agreements and terms contained in this First Amendment FIRST AMENDMENT TO LEASE AGREEMENT Pagel of 4 29