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17070 Collins Avenue, Suite 2.10 <br />Sunny Isles Beach, Florida 33160 <br />i 305) 947-0606 phone (305) 949-31 13 fax <br />Du. id Samson <br />June 15, 1998 <br />Miyur <br />Irving Turetsk,y <br />Vice Miyor <br />Commissioners <br />Mr. George Newman <br />Danny Iglesias <br />Assistant Sales manager <br />Lila Kauffman <br />Keyes Co. Corporate Ofice <br />Connie Morro%c <br />One S.E. Third Avenue <br />hnuW otptHro <br />Miami, FL 33131-1704 <br />Clq Manager <br />Uetttlsmer.: <br />Lynn hi Danandswr <br />Cur Acorney <br />'Ns is a ron-binding letter of intent that contains provisioro that are being discussed fo, <br />a potential We to the City of Suriny Isles Beach of 2.84 acres of vacant land owned bs• <br />ISMAT Corp, and Dubltsky in accordance with the survey provided by you and attached <br />hereto as Exhibit "A". <br />(/ DrXI; <br />This is not a legally binding contractbut merely an i e contract tes ('ordiscussion purposes only a termssee as follows:��rm i 143t1+'+-A <br />PURCHASE PRICE: S�20'XW(The budgeted pn w ,100,00C) but hits been <br />raised based on ffie enclosed appraisal.) <br />CONTINGENCIES: This price is contingent upon the following: -- <br />��� <br />I . City Comtnittion approval of a binding contra <br />2. City's repipt of second appraisal at kr s expense <br />(discussed below) for the property as required by Section <br />166,045, Florida Statuws as airncnded, to substantiate the <br />purchase price <br />3. Conti= is executed no later than July 30, 1999 <br />CLOSING DATE: Projeetod closing date is no Liter than October 15, 199a. <br />CLOSING COSTS: Closing cots will be borne as customarily allocated. <br />The undersigned parties agree that time is of the r&eeaee and shaJl proceed with due <br />q b6aJa0 iw► diligence. HA1 M P-J O A 04 <br />rt tIOL1L hThe y 0- PROPOSED �. SELLERS. AD VO C-ATt NOT AO <br />cJ[TY 0 IS ACx <br />Davt Sat11i n, Miq+or <br />� � 5 LS-TTrK Df• I*jTS&,T 1b s %)a A&CT To 0 ROIQ044 l ac+v?�i�T ►�.�t4ii�arj <br />g`I P5vy1aR, Aft-t� * pi �t,6.a► l's,l *.iL.t, L- tS. 14 i'TCO.V&-y. , <br />y of V.11: ve"�aN i t la cvT10W 43-b 'bILL )V"Y eF 1� �V0.C*A t.L <br />�'� M4rvTt*PVAC'4 C•0. h.�ovt.b a�Q�tilT 3S 5�&0%1 uw ACAILO <br />u � our R SG�.o.0 1tiG.�+vT. <br />, +Nob R t 4 ItSW s -► 't <br />a LCwLt. t'i" pft S. 1:0iR A L:r- U0 I Tit <br />t o to N! t.Tt v N w 1 Ia -fi.'t y' l �. % QL .a <br />T4L, 1CS%16- S Cro I A�.q L.1"dtLil� CsiL.Q uA,Ava ©gg t c.6, rp ry fa. 46,1&. <br />fps. CZA:. r o Ir- <br />�,� ► v 4 pet i,.� Auo f it 6.%o rpL +�►,� +�. L.t' s+�.�,, <br />^65z -i , Q,I�1,.r �„� IbyrbITZ, Kq <br />t ON �INORd I OJNO3n N'dWM_N [ S9A._ 1 : W063 <br />�P'I'OJ V N[V01A,'11'_ LTTLTSL C Z:5 XF'� Cr:gp 1;�n SG 9J hl--y <br />tvey To A v I v ok 76u eD Pot <br />/%D ug 7z v <br />