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<br />LAW OFFICES <br />RICHARDS, 6...KEY, FITE, SLAUGHTER, PRATESI & WAriD, P.A. <br />RICHARDS BUILDING <br />1253 Park Street <br />Clearwater, FL 33756 <br /> <br />(72rl 443-3281 <br />Fax: (727) 447.8830 <br /> <br />RALPH RICHARDS (1893.1880) <br />JOHN D. FITE (1833-2000) <br />JOHN E. SLAUGHTER, JR. <br />EMIL O. PRATESI <br />R. CARL TON WARD <br />THEO ... KARAPHILLIS <br />BRIAN FETTIG <br /> <br />C~VE. ~ . <br />. -". .!iIi 0 COUNSEL <br />."'. . OILLI M W. GILKEY <br />PATHI W. RINARD <br /> <br />JUN 0 8 2006 <br /> <br />City of Sunny Isles Beach <br />OtflCQ of thGi CUy Manager <br /> <br />June 2, 2006 <br /> <br />City of Sunny Isles Beach, Florida <br />Jorge Vera, Assistant City Manager <br />17070 Collins Avenue #250 <br />Sunny Isles Beach, FL 33160 <br /> <br />Re: Porto Bellagio Partners, LLC sale ofTDRs to Fort Apache Marina, LLC <br /> <br />Dear Mr. Vera: <br /> <br />Please find enclosed a letter of direction from Porto Bellagio Partners and copy of an <br />Assignment document executed by Porto Bellagio Partners, LLC transferring and conveying all of <br />the right, title and interest of Porto Bellagio Partners, LLC to 75 units and 136,125 square feet of <br />TDRs that were obtained by Porto Bellagio in association with the remaining two (2) acres of Tract <br />"B" of the Porto Bellagio site. Please provide written confirmation to this office at your earliest <br />convenience that the City of Sunny Isles Beach, Florida acknowledges this transfer and has credited <br />the TDRs so transferred to the account of Fort Apache Marina, LLC. <br /> <br />Shouid you have any questions, please don't h~sitate to. ccntaGt m~. <br /> <br />Very tl'llly yo'-!F8, <br />"f _;.-? <br />/ / /<' <br />:"./ //.,/. ,/ <br /></'7,// /' <br />/.,- ,c..' L-- <br />1.... t.:~~/t..</ ~ <br />R. Carlton Ward <br /> <br />RCW/das <br />Enclosure <br />