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WHEREAS, the Parties agree that the Applicant has selected as its Proportionate <br /> Share Mitigation option, the purchase of nine (9) banked seat ("Monetary <br /> Proportionate Share Mitigation") from Mitigation Bank #2015-002, subject to <br /> contingencies set forth below; and <br /> WHEREAS, the Parties further agree that the Applicant shall pay.f`e Monetary <br /> Proportionate Share Mitigation funds as further required herein; ands, <br /> WHEREAS, The School Board of Miami-Dade Cou o_, , Fl ida, h.' authorized <br /> the execution of this Agreement in accordance with t oard It , 9 oard Action No. <br /> .6° <br /> 117,499, at its meeting of April 15, 2015; and • . <br /> s <br /> WHEREAS, the City of Sunny Isles :d"';'%.t i§ meeting of May 21, 2015, duly <br /> passed and adopted on that date, Re lution No.[ ], authorizing the appropriate <br /> City officials to enter into this.^'greemerf 1 • <br /> t <br /> WHEREAS, t to Applic:1... .s duly approved this Agreement, and represented to <br /> „. <br /> the School Board and td.,t ' and hereby confirms, that Eduardo Imery has been and <br /> is hereby ;,i t orize•'�'o execute this Agreement on behalf of Applicant, pursuant to <br /> Vii. <br /> writ ti, 'co ,t i' id January 28, 2015. <br /> `tom s <br /> r 0, . , THEREFORE, in Consideration of the Sum of Ten Dollars ($10.00), 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 /> SCHOOL BOARD/PROPORTIONATE SHARE MITIGATION- — <br /> SUNNY ISLES PROPERTY VENTURE,LLC AGREEMENT—DRAFT#2—5/14/15 Page 4 of 22 <br /> 1 <br />