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Summary Minutes:Regular City Commission Meeting November 20.2014 City of Sunny Isles Beach.Florida <br /> to honor him with the statue in the Park. It would be great to get this done in time for his <br /> birthday this coming March, and Joe Milton said they will try to do it by then. Mayor <br /> Edelcup said he knows Jose would be very proud of the way the City has turned out and how <br /> well you and your brothers have taken over after he passed. We look forward to seeing <br /> Gateway Park and seeing your father's statue in the Park. Vice Mayor Aelion added that <br /> Jose was truly a pillar of our community, and the public/private partnerships that this City <br /> has seen and grown together with. <br /> Commissioner Gatto moved and Commissioner Scholl seconded a motion to approve the <br /> resolution. Resolution No. 2014-2345 was adopted by a voice vote of 5-0 in favor. <br /> 10Q. Add-On: <br /> A Resolution of the City Commission of the City of Sunny Isles Beach, Florida, Accepting <br /> the Final Payment of S75,000.00 for Naming the Gymnasium Located at the Pelican <br /> Community Park the "Raanan and Phyllis Katz Sports Center" in Perpetuity; Providing <br /> the City Manager and the City Attorney with the Authority to Do All Things Necessary to <br /> Effectuate this Resolution; Providing for an Effective Date. <br /> Action: [City Clerk's Note: Documents were distributed prior to the meeting.] City Clerk <br /> Hines read the title,and Mayor Edelcup reported that in 2009 the City received an offer from <br /> Raanan Katz to name the Gymnasium located at Pelican Community Park as the "Raanan <br /> and Phyllis Katz Sports Center". Raanan and the City subsequently entered into an <br /> Agreement for the Gymnasium naming rights wherein Raanan Katz agreed to pay the sum of <br /> S525,000 to the City over a seven (7) year period of time with annual payments of S75,000. <br /> Raanan wishes to make the final payment of S75,000 here tonight to name the Gymnasium <br /> located at the Park as the "Raanan and Phyllis Katz Sports Center" in perpetuity. Directing <br /> the City Attorney to file a Restrictive Covenant with Miami-Dade County to reflect the <br /> approval of this Resolution and the conditions of his naming rights. <br /> Public Speakers: Raanan Katz <br /> Raanan Katz said he will give a check to the City as final payment and he thanked the <br /> Commission for the approval. He said he is the only one who ever paid money for a naming <br /> but he did it with pleasure. He wished the Mayor much success in his retirement. <br /> Commissioner Gatto thanked Mr. Katz for his contribution,however,she got stuck on the"in <br /> perpetuity"word because typically these kind of things are done on an annual basis and they <br /> are offered to the incumbent and of course you have right for first refusal. She asked that it <br /> be opened up for discussion. Commissioner Scholl asked what the original deal was and <br /> Mayor Edelcup said $525,000 for seven (7) years, and Commissioner Scholl asked if that <br /> was for perpetuity, and City Attorney Ottinot said the original contract basically provides for <br /> payment for seven (7) years, and after seven (7) years it didn't address clearly what would <br /> take place but he and the City Manager met with Mr. Katz recently and he indicated that he <br /> wants some finality to our Agreement which this Resolution was provided for. <br /> Commissioner Scholl said in as much as we appreciate the payment he has a fundamental <br /> issue with naming something in perpetuity. He does remember the original deal and in his <br /> mind it was that the naming rights were there on an annual basis against each annual <br /> 30 <br />