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<br />RESOLUTION NO. 2008-~lw. <br /> <br />A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF <br />SUNNY ISLES BEACH, FLORIDA, APPROVING THE FIRST <br />AMENDMENT TO THE PARKING AGREEMENT BETWEEN <br />THE A VENTURA BEACH CLUB CONDOMINIUM <br />ASSOCIATION AND THE CITY OF SUNNY ISLES BEACH, IN <br />SUBST ANTIALL Y THE SAME FORM A TT ACHED HERETO AS <br />EXHIBIT "A"; AUTHORIZING THE MAYOR TO EXECUTE <br />SAID AGREEMENT; AUTHORIZING THE CITY ATTORNEY <br />AND THE CITY MANAGER TO DO ALL THINGS NECESSARY <br />TO EFFECTUATE THE TERMS OF THIS AGREEMENT; <br />PROVIDING FOR AN EFFECTIVE DATE. <br /> <br />WHEREAS, upon the purchase of the property located at 19200 Collins Avenue, the City <br />assumed all the obligations of Crescent Heights relating to the Parking Agreement with the <br />A ventura Beach Club Condominium Association (" Association"); and <br /> <br />WHEREAS, under the Parking Agreement, the Association is responsible for all costs <br />associated with the upkeep and repair of the property and to pay the City it's proportional share <br />of taxes, assessments, imposition, insurance, maintenance, upkeep and repair of the property, and <br />the cost of any relocation resulting from the development, as determined by the City; and <br /> <br />WHEREAS, the City wishes to improve the property by creating a first class park that <br />will benefit the unit owners and residents; and <br /> <br />WHEREAS, the City believes that a mutually beneficial agreement between the <br />Association and the City would be in the best interest of the parties; and <br /> <br />WHEREAS, the First Amendment to the Parking Agreement is fair to both parties and is <br />in the best interest of both parties. <br /> <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE <br />CITY OF SUNNY ISLES BEACH, FLORIDA, AS FOLLOWS: <br /> <br />Section 1. Approval of First Amendment to the Parking Agreement. The First Amendment <br />to the Parking Garage Agreement with the A ventura Beach Club Condominium Association and <br />the City of Sunny Isles Beach attached hereto as Exhibit "A" is hereby approved. <br /> <br />Section 2. Authorization of Mayor. The Mayor is hereby authorized to execute said <br />Agreement. <br /> <br />Approving First Amendment to Parking Garage Agreement Page I of2 <br />