C7L - Abate Valet Parking Concession Payments

A Resolution Of The Mayor And City Commission Of The City Of Miami Beach, Florida, Approving And Authorizing The City Manager To Execute Amendment No. 3 To The Concession Agreement Between The City And First Class Parking Systems, Llc, To Provide Valet Parking Services At The Fillmore At The Jackie Gleason Theater Of The Performing Arts, Miami Beach Convention Center, And Other City Properties, As May Be Required, Pursuant To Request For Proposals (rfp) No. 2018-11-wg; Said Amendment Abating Concessionaire's Current Payment Obligations, As Set Forth In Section 3.2 Of The Agreement, Which Obligations Include A Minimum Guarantee Payment, In The Amount Of $17,900 Per Month, And Replacing Said Payment Obligations With A Monthly Payment Equal To Twelve Percent (12%) Of The Total Amount Of Monthly Gross Receipts Collected By Concessionaire, With An Effective Date Of February 1, 2021 And Expiration Date Of September 30, 2021, Or Until Such Time As The Convention Center Bookings Resume Operations At The Pre-pandemic Booking Levels, Whichever Occurs First.