City of Coral Gables

File #: 20-1523    Version: 1 Name:
Type: Resolution Status: Adopted
File created: 7/17/2020 In control: City Commission
On agenda: 9/8/2020 Final action: 9/8/2020
Enactment date: 9/8/2020 Enactment #: 2020-192
Title: A Resolution of the City Commission authorizing entering into a Rent Deferral Agreement with the Biltmore Hotel Limited Partnership with regard to the City-owned premises at 1200 Anastasia Avenue, Coral Gables, Florida 33134 granting rent deferment for rent due on July 1, 2020 ($177,547.35), waiving any late charges, fees, and penalties provided for in the Lease during the deferment period, and providing for deferred rent repayment on January 1, 2021 and April 1, 2021.
Attachments: 1. Signed Resolution 2020-192, 2. Commission Cover 09.08.20 (Biltmore Rent Deferral Agreement), 3. Resolution - 09.08.20 (Biltmore Rent Deferral Agreement), 4. Biltmore-City of Coral Gables Rent Deferral Agreement 09.08.20

Title

A Resolution of the City Commission authorizing entering into a Rent Deferral Agreement with the Biltmore Hotel Limited Partnership with regard to the City-owned premises at 1200 Anastasia Avenue, Coral Gables, Florida 33134 granting rent deferment for rent due on July 1, 2020 ($177,547.35), waiving any late charges, fees, and penalties provided for in the Lease during the deferment period, and providing for deferred rent repayment on January 1, 2021 and April 1, 2021.

Body

[Replace with BRIEF HISTORY/SUMMARY]