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WHEREAS, the Parties agree that the Applicant has selected as its Proportionate <br /> Share Mitigation option, the purchase of seven (7) banked seat ("Monetary <br /> Proportionate Share Mitigation") from Mitigation Bank 112015-002, subject to <br /> contingencies set forth below; and <br /> WHEREAS, the Parties further agree that the Applicant shall pay sr Monetary <br /> Proportionate Share Mitigation funds as further required herein; and <br /> .•r' <br /> WHEREAS, The School Board of Miami-Dade Coue , F1 'da, h authorized <br /> ``T' <br /> the execution of this Agreement in accordance with Board It, oard Action No. <br /> 4,' <br /> 117,499,at its meeting of April 15, 2015; and <br /> le <br /> WHEREAS, the City of Sunny Isles`C,M., a its meeting of May 21, , 2015, <br /> duly passed and adopted on that•4ate, Resolutiin No.r _ 1, authorizing the <br /> A <br /> appropriate City officials toe 'nto t gat: eement; and <br /> 'ty ,, <br /> WHEREAS, •e Applic:fiy� . duly approved this Agreement, and represented to <br /> fU <br /> the School Board and to, .T , and hereby confirms, that Jeffrey Soffer has been and <br /> is hereby . 4 orize.' o execute this Agreement on behalf of Applicant, pursuant to <br /> 4. <br /> writt '' •"'Y jt 1",tl'. February 23, 2015. <br /> i <br /> i ip, , THEREFORE, in Consideration of the Sum of Ten Dollars (S10.00), the <br /> mutual covenants contained herein, and other good and valuable consideration, the <br /> receipt and sufficiency of which are hereby acknowledged, the Parties hereto, intending <br /> to be legally bound, hereby agree as follows: <br /> o <br /> SCHOOL BOARD/PROPORTIONATE SHARE MITIGATION- — <br /> BEACH CLUB ACQUISITION,LLC AGREEMENT—DRAFT#2-5/14/2015 Page 4 of 22 <br />