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'lease return the executed original to: Cichard Brown-Morilla, City Clerk ;ity of Sunny Isles Beach FATE OF FLORIDA DEPARTMENT OF TRANSPORTATION LEASE AGREEMENT FORM 575-050.33 7070 Collins Avenue, Suite 250 RIGHT OF WAY , 09/94 TUNNY ISLES BEACH FL 33160 Page I of 5 Item/Segment No. 248831-1 State Project No. 87013-2509 W.P.I. No. 6113008 F.A.P. No. N/A State Road No. 856, Wm Lehman Cswy County Miami Dade City Sunny Isles Beach Parcel No. 6000 (Exhibit B)(Lot 3) & Parcel No. 6001 (Exhibit A)(Lots 1 & 2) THIS AGREEMENT, made this1&-11-day of re-bru a rq , jS34M, by and between the STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION, (hereina er called the Lessor) , and CITY OF SUNNY ISLES BEACH (hereinafter called the Lessee), WITNESSETH: In consideration of One Dollar ($1.00) and other good and valuable considerations, the Parties agree as follows: 1. Property and Term. Lessor does hereby lease unto Lessee the lands described in Exhibit "A" for Parking Lot 1 and 2, and also the lands described in Exhibit "B" for the Parking Lot 3, for a term of ten (10) years beginning Qa2 -/tP - .?DOQ and ending QQ -1& - aQ Q1 Q . This Agreement maybe renewed for an additional five year term at Lessee's option, subject to the rent adjustment as provided in Paragraph 3 below. Lessee shall provide Lessor 120 days advance written notice of its exercise of the renewal option. If Lessee holds over and remains in possession of the land after the expiration of the term specified in this Lease, or any renewals of such term, Lessee's tenancy shall be considered a tenancy at sufferance, subject to the same terms and conditions as herein contained in this Lease. This Lease is subject to all utilities in place and to the maintenance thereof as well as any other covenants, easements, or restrictions of record. This lease shall be construed as a lease of only the interest, if any, of Lessor, and no warranty of title shall be deemed to be given herewith. 2. Use. The leased land shall be used solely for the purpose of parking motor vehicles and installation of parking meters for public use . If the land is used for any other purpose, the Lessor shall have the option of immediately terminating this Agreement. Lessee shall not permit any use of the land in any manner that would obstruct or interfere with any transportation facilities. No signs are permitted in the leased area. The Lessee will further use and occupy said premises in a careful and proper manner, and not commit any waste thereon. Lessees will not cause, or allow to be caused, any nuisance or objectionable activity of any nature on the premises. Any activities in any way involving hazardous materials or substances of any kind whatsoever, either as those terms may be defined under any state or federal laws or regulations or as those terms are understood in common usage, are specifically prohibited. The Lessee will not use or occupy said premises for any unlawful purpose and will, at Lessee's sole cost and expense, conform to and obey any present or future ordinances and/or rules, regulations, requirements and orders of governmental authorities or agencies respecting the use and occupation of said premises. 3. Rent. Lessee shall pay to Lessor as rent, on or before the first day of each rent payment period, the sum of one 1.00 plus tax, for each one ear of the term. If this Agreement is terminated prior to the end of any rent payment