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RESOLUTION NO. 2016 - 25 U <br /> A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF <br /> SUNNY ISLES BEACH, FLORIDA, APPROVING A TRIPLE NET <br /> LEASEBACK AGREEMENT WITH CORNER HOUSE, LLC FOR <br /> THE PROPERTY LOCATED AT 15800 COLLINS AVENUE, <br /> ATTACHED HERETO AS EXHIBIT "A"; AUTHORIZING THE <br /> MAYOR TO EXECUTE SAID AGREEMENT;AUTHORIZING THE <br /> CITY MANAGER AND CITY ATTORNEY TO DO ALL THINGS <br /> NECESSARY TO EFFECTUATE THIS RESOLUTION; <br /> PROVIDING FOR AN EFFECTIVE DATE. <br /> WHEREAS, the City is the owner of property located at 15800 Collins Avenue; and <br /> WHEREAS, Corner House, LLC desires to lease the property from the City; and <br /> WHEREAS,the City Commission wishes to approve the Triple Net Leaseback Agreement <br /> for the property located at 15800 Collins Avenue attached Exhibit "A. <br /> NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE <br /> CITY OF SUNNY ISLES BEACH, FLORIDA, AS FOLLOWS: <br /> Section 1. Approval of Triple Net Leaseback Agreement. The City Commission hereby <br /> approves the Triple Net Leaseback Agreement between the City and Corner House, LLC, attached <br /> hereto as Exhibit "A". <br /> Section 2. Authorization of the Mayor.The Mayor is hereby authorized to execute the Triple Net <br /> Leaseback Agreement between the City and Corner House, LLC. <br /> Section 3. Authorization of City Manager and City Attorney. The City Manager and City <br /> Attorney are hereby authorized to do all things necessary to effectuate this Resolution. <br /> Section 4. Effective Date. This Resolution will become effecti - upon adoption. <br /> PASSED AND ADOPTED this 17th day of March 2016. 40 <br /> • ;-, , George Scholl, Mayor <br /> ATTEST: : - , �' <br /> , ,. <br /> -_ 1' --' <br /> _ , :i <br /> Jane A. Hi' es,•MMC,City-Clerk <br /> . <br /> R2016-Triple Net Leaseback with Comerhouse,LLC Page 1 of 2 <br />