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<br />RESOLUTION NO. 2008-13...B <br /> <br />A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF <br />SUNNY ISLES BEACH, FLORIDA, RATIFYING A NON-BINDING <br />LETTER OF INTENT BETWEEN THE CITY OF SUNNY ISLES <br />BEACH AND DEZER DEVELOPMENT COMPANY, TO FORM A <br />PUBLIC/PRIV A TE PARTNERSHIP TO CONSTRUCT A MIXED <br />USE PRO.JECT CONSISTING OF A CONFERENCE CENTER, <br />MEDICAL OFFICES AND A CAR MUSEUM; AUTHORIZING <br />THE CITY MANAGER AND CITY ATTORNEY TO DO ALL <br />THINGS NECESSARY TO EFFECTUATE THIS RESOLUTION; <br />PROVIDING FOR AN EFFECTIVE DATE. <br /> <br />WHEREAS, the City Commission is desirous of continuing to develop public <br />facilitieslamenities to further the development of the City as a growing residential population and <br />top tourist destination; and <br /> <br />WHEREAS. in February 2008. the City acquired the Alamo site located at 18080 Collins <br />A venue (the "Alamo site") for anticipated future growth of municipal programs; and <br /> <br />WHEREAS, the City was recently presentcd with a unique opportunity to develop the <br />Alamo site to continue to provide essential municipal services and to stimulate the redevelopment <br />of commercial properties on the west side of Collins A venue; and <br /> <br />WHEREAS, City staff has negotiated and proposed entering into a non-binding Letter of <br />Intent with Dezer Development Company to form a publiclprivate partnership to develop a <br />mixed-use development ("Project") at the Alamo site, consisting of public amenities to include a <br />conference center, medical offices and car museum. <br /> <br />WHEREAS, the negotiated terms in the Letter of Intent specifies the responsibilities of <br />the parties with respect to the Project. including the City's responsibility to provide land for the <br />Project and Dezer Development Company's responsibility to provide financing. design. and <br />construction for the Project. <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. Ratification of Letter of Intent. The City Commission hereby ratifies the non- <br />binding Letter of Intent with Dezer Development Company to f()rm a public/private partnership <br />to develop a mixed-use development on City owned property. which is located at 18080 Collins <br />A venue, attached hereto as Exhibit "A". <br /> <br />Section 2. Authorization of City Managcr and City Attorney. The City Manager and City <br />Attorney are hereby authorized to do all things necessary to effectuate this Resolution. <br /> <br />Authorizing Thc CC To Exccutc Non-Binding Lcttcr Of Intcnt Executc Lcttcr of Intcnt <br /> <br />Pagc I 01'2 <br />