Reso 2007-1086 - Laserfiche WebLink

Home Browse Search

RESOLUTION NO. 2007-J.Q?,(" A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF SUNNY ISLES BEACH, FLORIDA; AMENDING RESOLUTION NO. 2006-879 RELATING TO THE TENDER OF TEN MILLION DOLLARS ($10,000,000) TO THE SCHOOL BOARD OF MIAMI- DADE COUNTY; PROVIDING FOR THE RATIFICATION OF THE ADDITIONAL TENDER OF CITY'S TENDER BY TWO MILLION TWO HUNDRED AND FIFTY THOUSAND DOLLARS ($2,250,000) FOR THE ACQUISITION OF 2.1 ACRES OF LAND FOR THE PROPOSED K-8 SCHOOL; PROVIDING THE CITY MANAGER AND THE CITY ATTORNEY WITH AUTHORITY TO DO ALL THINGS NECESSARY TO EFFECTUATE THIS RESOLUTION; PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the City identified a prime site (2.1 acres of land located at 182 Drive and Atlantic Boulevard, hereinafter referred to as the "site") for the construction of a kindergarten through eighth grade ("K-8") school adjacent to a City park, which can be used for recreational purposes associated with the school; and WHEREAS, the School Board agreed to use its eminent domain powers to acquire the site on the condition that the City provide the School Board with a certain amount of funds for the acquisition of the site through purchase and/or condemnation proceedings; and WHEREAS, pursuant to an interlocal agreement between the City and the School Board, dated April 11, 2006, the City agreed to contribute the first $10 million dollars towards the acquisition costs of the site, the School Board agreed to contribute the next $10 million, and the parties agreed to a 50/50 split after $20 million. The total acquisition costs for the site is $24.5 Million Dollars, thus the City is obligated to contribute a total of $12.25 Million Dollars towards the costs; and WHEREAS, by Resolution No. 2005-809, adopted July 14,2005, the City Commission approved the tender of eight million five hundrcd thousand dollars ($8.5 million) to the School Board for the acquisition of the site, and thereaftcr, by Resolution No. 2006-879, adopted January 19,2006, thc City Commission increased the initial tender by One Million Five hundred thousand dollars ($1.5 million), for a total of$10 Million Dollars towards the acquisition costs for site. WHEREAS, the City Commission seeks to approve an additional tender of$2.25 Million Dollars towards the acquisition costs for the site, bringing the City's total contribution to $12.25, in order to satisfy its obligation under the intcrlocal agreemcnt NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF SUNNY ISLES BEACH, FLORIDA, AS FOLLOWS: R2007. Schooll3oard $2.25 Mil Page lof2