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JOHNNY MARTINEZ, P.E. City Manager

June 28,2012 Mr. Scott Wessel Grove Key Marina; Inc. 3385 Pan American Drive Miami, Florida 33130 RE: Revocable License Agreement ("Agreement") between the City of Miami ("City") and Grove Key Marina, Inc. ("Licensee") for use of City-owned property at 3385 Pan American Drive, Miami, Florida ("Property") (Folio 01-4122-002-0040)

Dear Mr. Wessel: Enclosed for your files is a fully executed copy of the Revocable License Agreement between the City of Miami and Grove Key Marina, Inc. The effective date of the Agreement is June 23, 2012. Pursuant to Paragraph 9.1 of the Agreement, the prorated Use Fee now due for the period beginning June 23, 2012 and ending June 30, 2012 is Fourteen Thousand One Hundred Eighty-six Dollars and 67/100 ($14,186.67), plus State of Florida Use Tax in the amount of Nine Hundred Ninety-Three Dollars and 67/100 ($993.67), for the total amount of Fifteen Thousand One Hundred Eighty Dollars and 34/100 ($15,180.34). Furthermore, pursuant to Paragraph 12 of the Agreement, the Guaranty Deposit amount due is Fifty-three Thousand Two Hundred Dollars ($53,200.00). Separate payments for the Use Fee and the Guaranty Deposit must be made payable to the "City of Miami" and mailed to the following address: City of Miami Finance Department, Treasury Division 444 Southwest 2nd Avenue, 6th Floor Miami, Florida 33130 Pursuant to the Agreement, the monthly Use Fee amount due beginning on July 1, 2012 will be Fifty-three Thousand Two Hundred Dollars ($53,200.00), plus State of Florida Use Tax in the amount of Three Thousand Seven Hundred Twenty-four Dollars ($3,724.00), for a total amount of Fifty-six Thousand Nine Hundred Twenty-four Dollars ($56,924.00). Also as stipulated in the Agreement, the first monthly gross sales report will be due on July 15, 2012. Should you have any questions, feel free to contact Olga M. Zamora at 305.416.1476.

Henry Torre Director Enclosure C: Stephen Petty, Finance Department Director Norman S. Segall, Esq.

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DEPARTMENT OF PUBLIC FACILITIES / Asset Management 444 S.W. 2nd Avenue, 3rd Floor, Miami, Florida 33130 / (305) 416-1450/ Fax: (305) 416-2156

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