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<br />I <br /> <br />Financial Submittal: <br /> <br />I <br /> <br />Type of Rent Description Proposed Rent <br />Base Monthly Rent Base rent, based on square $24 per square foot annually <br /> footagc of Rcstaurant (5,000), for all rcstaurant air- <br /> as proposed by the Proposer. conditioned building spacc, <br /> Base Rent is duc monthly as per excluding public restrooms. <br /> the Leasc Agreement. <br />Percentage Rent Amount of rcnt offered by the 5% of restaurant salcs net of <br /> Proposer based on the nct salcs salcs tax and pier relatcd <br /> of restaurant revenucs. This cxpcnse discounts, after the <br /> amount will be due quarterly base ren t. <br /> when Percentage Rcnt cxcecds <br /> Base Rent as pcr thc Lease <br /> Agrecment. <br />Admission Fee A pcrcentage of the Pier 15% of Pier Admissions. <br />Percentage** admission fees collected by thc <br />**Management of the Pier Proposer. Fees will be <br />and collection of admission established in accordancc with <br />fees is optional but will be City approval. Percentage is <br />considered in the overall proposed by thc Proposer in <br />evaluation of the Proposer. thc third column. <br />Bait/Gift Shop Revenue A percen tage of the net sales of 7% of Shop sales net of salcs <br />Percentage *** bait/gift shop items will be tax and pier related discounts. <br />*** Management of the Bait payable by thc proposer to the <br />and Gift shop is optional but City. Perccn tagc is proposed <br />will be considered in the by thc Proposcr in thc third <br />overall evaluation of the column. <br />Proposer. <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />w <br /> <br />. <br /> <br />I <br /> <br />I <br /> <br />2. <br />Proposed Terms: <br /> <br />~ <br /> <br />As submitted to Rick Connor on May 22, 2009 <br /> <br />1. TENANT: <br /> <br />Sunny Isles Pier, LLC <br /> <br />I <br /> <br />2. GUARANTEE: <br /> <br />Corporatc Guarantec <br /> <br />I <br /> <br />3. LANDLORD: <br /> <br />City of Sunny Islcs Bcach <br /> <br />4. TRADE NAME: <br /> <br />TBD possible Franchise <br /> <br />I <br /> <br />5. PREMISES: <br /> <br />Approximately 5,000 squarc feet ofundcr air conditioncd roof space <br />plus patio/pier spacc not to bc includcd in rcnt but included in <br />percentage rcnt, as well as othcr salcs areas further described in RFP <br />NO. 09-04-0 I. <br /> <br />I <br /> <br />6. LOCATION: <br /> <br />In the area depicted in Request for Proposal RFP NO. 09-04-0 I <br />Attachment "D." <br /> <br />I <br /> <br />7. TERM: <br /> <br />The term of the lease shall be ten (10) years. <br /> <br />~ <br /> <br />4 <br /> <br />~ <br />