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A Resolution authorizing the City Manager to execute a 1-year renewal lease agreement for 1 Alhambra Plaza, Suite 617, Coral Gables, Florida.
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WHEREAS, the sublandlord, Fragomen, Del Rey, Bernsen & Loewy LLP, desires to renew the Sublease for 1,560 square feet of floor space for an additional one (1) year term on the following terms and conditions: Base Rental Rate shall be increased by 3% to $29.78 per square foot; sublandlord shall continue to hold a $7,085.00 security deposit; subtenant shall have three - one year renewal options at an increased Base Rental rate of 3% per year; sublandlord shall have the right to terminate the sublease upon at least 4 months' prior written notice provided the termination date shall not be earlier than September 30, 2015.
.1 Alhambra Plaza