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<br />Sunny Isles Beach, Florida 33160 <br />305.947.0606 <br />www.sibfLnet <br />- - <br /> <br />City Commission <br /> <br />Norman S. Edelcup <br />Mayor <br /> <br />November 28, 2007 <br /> <br /> <br />Lewis J. Thaler <br />Vice Mayor <br /> <br />Roslyn Brezin <br />Commissioner <br /> <br />Robert M. Cornfeld <br />President <br />Newport Operating Corporation <br />3850 Hollywood Boulevard, Suite 400 <br />Hollywood, Florida 33021 <br /> <br />Gerry Goodman <br />Commissioner <br /> <br />Donny Iglesias <br />Commissioner <br /> <br />Re: Letter of Agreement for Replacement of Sunny Isles Beach Fishing <br />Pier <br /> <br />A. John Szerlag <br />City Manager <br /> <br />Dear Dr. Cornfeld: <br /> <br />Hans Ottino! <br />City Attorney <br /> <br />Jane A. Hines <br />City Clerk <br /> <br />As we discussed, removal and replacement of the fishing pier needs to be <br />accomplished in an expedient fashion. This is because the structure east of the <br />shore-line is structurally deficient. Given this, I'm prepared to recommend to the <br />Mayor and Commission the following elements of a public private partnership: <br /> <br />I. The City of Sunny Isles Beach and Newport Operating Corporation <br />(herein after referred as "Cornfeld") will agree to equally share all <br />costs for design, removal, and replacement of the entire pier structure <br />(both east and west of the erosion control line). However, Cornfeld's <br />contribution will not exceed Two Million Dollars ($2,000,000) <br />Payments will be made to the City by Cornfeld within 30 days of <br />InVOIce. <br /> <br />2. The City will control the entire project, but will provide Cornfeld with <br />an opportunity to provide input on the final design. <br /> <br />3. Any funds received from other governmental agencies toward this <br />project will be used to defray project costs. <br /> <br />4. The City of Sunny Isles Beach will be the lessee with the State of <br />Florida for the fishing pier. And all major repairs as well as property <br />and casualty insurance costs to the entire pier structure will be the <br />responsibility of the City of Sunny Isles Beach. <br /> <br />5. The City will select the firm that occupies the restaurant portion of the <br />fishing pier. <br /> <br />6. Residents of the City and guests of the Newport Hotel can use the <br />fishing pier at no cost. <br /> <br />R. Comfeld - Fishing Picr Agrccment Ltr. <br />