#NB8 - New Lease for Child Daycare Facility

DISCUSS A PROPOSED NEW LEASE AGREEMENT BETWEEN THE CITY (LANDLORD) AND LITTLE HAVANA ACTIVITIES AND NUTRITION CENTERS, INC. (TENANT) FOR USE OF APPROXIMATELY 3,500 SQUARE FEET OF GROUND FLOOR FACILITY AND ADJACENT PLAYGROUND AREA HAVING APPROXIMATELY 1,407 SQUARE FETT LOCATED AT 1245 MICHIGAN AVENUE, FOR AN INITIAL TERM OF FIVE (5) YEARS, WITH TWO (2) ADDITIONAL RENEWAL TERMS OF TWO (2) YEARS EACH, AT THE CITY'S OPTION, FOR THE OPERATION OF A CHILD DAYCARE FACILITY.