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RK CENTERS <br />November 17, 2014 <br />Mayor Norman Edelcup <br />City Commissioners <br />City of Sunny Isles Beach <br />18070 Collins Avenue, 4th Floor <br />Sunny Isles Beach, FL 33160 <br />P.O. Box 111 • Dedham, Massachusetts 02027 -0111 <br />Telephone: 781 - 320 -0001 • Facsimile: 781 - 320 -3610 <br />17100 Collins Avenue • Miami Beach, Florida 33160 <br />Telephone: 305 - 949 -0110 • Facsimile: 305- 948 -3410 <br />Website: www.rkcenters.com <br />Email: RKatzorkcenters.com <br />RE: GYMNASIUM NAMING RIGHTS <br />PHYLLIS AND RAANAN KATZ SPORTS CENTER <br />Dear Norman and City of Sunny Isles Beach Commissioners, <br />Email: nedelcuDna sibfl.net <br />Enclosed is a check in the amount of $75,000 made payable to the City of Sunny Isles Beach <br />as a seventh and final payment for the naming rights for the above location. <br />With the enclosed check I have fulfilled my obligation from over six years ago, and the City of <br />Sunny Isles Beach was paid a total of $525,000 (per the agreement). <br />With this final payment, Phyllis and I will know that we have fulfilled our obligation to our <br />community, and the sports center will be permanently named in perpetuity `Phyllis and <br />Raanan Katz Sports Center" like any other naming right in the City of Sunny Isles Beach. I <br />understand that the Commission will make a decision at the meeting on Thursday, November <br />20, 2014. <br />I enjoyed .working with you for the past many years, and I am looking forward to the continued <br />good business relationship for a long time. <br />Regards, <br />Raanan Katz 4 <br />cc: Hans Ottinot, Esq. <br />Chris Russo <br />Daniel Katz <br />