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�SJNNY IS4Fr City of Sunny Isles Beach <br />° F 18070 Collins Avenue <br />Sunny Isles Beach, Florida 33160 <br />U` x <br />* (305) 947 -0606 City Hall <br />* (305) 949-3113 Fax <br />\oP vP (305) 947 -2150 Building Department <br />F * F L O a S 305 947 -5107 Fax <br />'ry OF SUN P, ( ) <br />MEMORANDUM <br />TO: Honorable Mayor and City Commission <br />FROM: Hans Ottinot, City Attorney <br />DATE: September 18, 2014 <br />Citv Commission <br />Norman S. Edelcup, Mayor <br />Isaac Aelion, Vice Mayor <br />Jeanette Catto, Commissioner <br />Jennifer Levin, Commissioner <br />George "Bud" Scholl, Commissioner <br />Christopher J. Russo, City Alanager <br />Hans Ottinot, City Aftornzr <br />Jane A. Hines, TIC, City Clerk <br />RE: Term ination/Release of Time -Share Restrictive Covenant Relating to <br />Golden Strand Condominium <br />RECOMMENDATION <br />This Resolution is presented for your consideration. <br />REASONS <br />Golden Strand Condominium ( "Golden Strand ") and the contract purchaser, GSF Acquisition, <br />LLC have requested the termination and release of a covenant, which requires the Golden Strand <br />property to be maintained as a Time -Share Condominium. The request is subject to the sale of <br />the Golden Strand property to the contract purchaser GSF Acquisition, LLC. The Resolution is <br />null and void if the sale of the Golden Strand property fails to occur. <br />