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<br /> <br />City of Sunny Isles Beach <br />18070 Collins Avenue <br />Sunny Isles Beach, Florida 33160 <br /> <br />Ci!y COIII/llissiol/ <br />Nonnan S. Edclcup, ,\{a)'lIr <br />Lcwis J. Thalcr, I/i,( '\/'tyrlr <br />Roslyn Brczin, (:ommi(11mUr <br />Gerry Goodman, (:ommioio!U'r <br />George "Bud" Scholl, (~"JIlllnif.li(J//t,,, <br /> <br />(305) 947-0606 City I lall <br />(305) 949-3113 Fax <br />(305) 947-2150 Building Department <br />(305) 947-5107 Fax <br /> <br />Rick Conner, /Idill~ Cil)' Mall'i~e,. <br />Hans Ollinot, Cit)' /llIflnte)' <br />Janc A. Hincs, ell)' Oerk <br /> <br />MEMORANDUM <br /> <br />TO: The Honorable City Commission <br /> <br />FROM: HaDs OtliDol, City AtlOrne~ <br />DATE: May 21, 2009 <br /> <br />RE: Ratifying the Amendment to the Non-Binding Letter of Intent between the City <br />of Sunny Isles Beach and Dezer Development LLC. <br /> <br />RECOMMENDATION: <br /> <br />It is recommended that the City Commission adopt the attached Resolution ratifying the <br />Amendment to the Non-Binding Letter of Intent between the City and Dezer Development LLC. <br /> <br />REASONS: <br /> <br />On July 30, 2008, the City and Dezer Development, LL ("Dezer Development") executed a non- <br />binding Letter of Intent to jointly develop a conference center, medical offices and a car museum <br />on the property located at 18080 Collins A venue. Pursuant to the Letter of Intent, the City and <br />Dezer Development was required to enter into a Joint Development Agreement no later than <br />November I, 2008. <br /> <br />Due to circumstances beyond the control of the parties, the time for execution of the Joint <br />Development Agreement must be extended. In order to maintain the status quote, the City has <br />agreed to extend the deadline to execute the joint development agreement to two (2) years fi.om <br />the date of the amended letter. Moreover, the City has agreed to provide Dezer Development with <br />a two (2) year option to lease the property at 18080 Collins A venue. This ratification or the <br />option to lease is not valid unless a lease agreement is executed between the City and Golden <br />Strand Villa Resort Association, Inc. <br /> <br />/ Attachment <br /> <br />Agenda Item I 0 L <br />Date S~ '2. \ .. 0 L <br />