2016-0421 Regular City Commission Meeting

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Summary Minutes:Regular City Commission Meeting March 17.2016 City or Sunny Isles Beach.Florida Clerk Hines read the title, and Mayor Scholl reported that the developer that owns the Corner House property at the entrance to Golden Shores,agreed to donate that property to the City in exchange for TDRs,this is the method of acquiring park lands. We get a property owner that agrees to donate something in exchange for TDRs. It works exceptionally well with developers that own property because they have a use for the TDRs on their oceanfront developments. In this case, what often happens is when we agree to accept the piece of land for TDRs, the prior owner still has a use for it and so we make a deal and say okay you can still occupy the land for three years, and this is what we did in the south end of the City at the entrance to Arlen House. In this case this developer is building right across the street from the Arlen House, the Ritz-Carlton Residences. \Ve made a deal with the developer that we agree to lease the property on the south end of the City and they asked us if we would consider extending that lease for 18 months under certain conditions meaning if they still need it for Ritz-Carlton Sales Office. The trade-off here was we get the piece at the entrance of Golden Shores immediately. At the Commission meeting where we approved the acceptance of that property for TDRs, as soon as that was closed the City Attorney had the deed to that property and the City is already occupying it. Instead of having two (2) pieces tied up for three (3) years, what we agreed to do was, to tie up one piece a little longer under certain conditions and get the piece that we just recently were deeded immediately. That was the genesis behind these two leases, and so we are agreeing to allow the developer from the north end of the City to lease the property from the developer on the south end of the City. Public Speakers: Larisa Svechin A resident of Golden Shores, Larisa Svechin,said thank you to the Commission on behalf of the residences at Golden Shores, for what they did with the Corner House property. Commissioner Aelion moved and Vice Mayor Gatto seconded a motion to approve the resolution. Resolution No. 2016-2533 was adopted by a voice vote of 5-0 in favor. IOD. A Resolution of the City Commission of the City of Sunny Isles Beach, Florida, Approving a Triple Net Leaseback Agreement with Corner House, LLC for the Property Located at 15800 Collins Avenue, Attached Hereto as Exhibit "A"; Authorizing the Mayor to Execute Said Agreement; Authorizing the City Manager and City Attorney to Do All Things Necessary to Effectuate this Resolution; Providing for an Effective Date. (Deferred from 02/18/16) Action: [City Clerk's Note: Item IOD and related Item IOC were heard together.] City Clerk Hines read the title, and Mayor Scholl reported that we are agreeing to that 18-month extension under certain conditions. Those conditions are: if they are sold out of the Ritz- Carlton Residences in a couple of years, they won't have the right to continue to lease that property and we will get it back. If they are still selling Ritz-Carlton Residences they will still be using that as a Sales Office, and they will have a right for an additional 18 months. Public Speakers: Larisa Svechin Commissioner Aelion moved and Vice Mayor Gatto seconded a motion to approve the resolution. Resolution No. 2016-2534 was adopted by a voice vote of 5-0 in favor. 8