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<br />RESOLUTION NO. 2009- ~ <br /> <br />A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF SUNNY <br />ISLES BEACH, FLORIDA, APPROVING AN AGREEMENT WITH R.K. <br />ASSOCIATES VIII, INC. FOR THE PURCHASE AND SALE OF REAL <br />PROPERTY LOCATED AT 151 SUNNY ISLES BOULEVARD, IN THE <br />AMOUNT OF $9,000,000.00 WITH A DEPOSIT OF $1,000,000.00, WHICH <br />DEPOSIT SHALL BE APPLIED TO THE PURCHASE PRICE AT CLOSING, <br />ATTACHED HERETO AS EXHIBIT "A"; AUTHORIZING THE MAYOR <br />TO EXECUTE SAID AGREEMENT; PROVIDING THE CITY MANAGER <br />AND THE CITY ATTORNEY WITH THE AUTHORITY TO DO ALL <br />THINGS NECESSARY TO EFFECTUATE THIS RESOLUTION; <br />PROVIDING FOR AN EFFECTIVE DATE. <br /> <br />WHEREAS, by Resolution No. 2009-1401, passed and adopted on April 16,2009, the City <br />Commission of Sunny Isles Beach declared the public purpose and necessity to acquire fee simple <br />title to the property located at 15 I Sunny Isles Boulevard for the development of a public park and <br />public parking facility; and <br /> <br />WHEREAS, Resolution No. 2009-1401 further authorized the City to acquire title to,the <br />property through eminent domain or voluntary negotiations for the development of a public park and <br />public parking facility; and <br /> <br />WHEREAS, through voluntary negotiations, the City and R.K. Associates VIII, Inc. were <br />successful in negotiating an agreement for the purchase and sale of the property located at 151 Sunny <br />Isles Boulevard; and <br /> <br />WHEREAS, R.K. Associates VIII, Inc. the owner of 151 Sunny Isles Boulevard is willing to <br />accept an offer from the City of Sunny Isles Beach for the purchase of said property, in the amount of <br />$9,000,000.00 (Nine Million Dollars) with a deposit of$1 ,000,000.00 (One Million Dollars) to be <br />credited against the purchase price at closing, attached hereto as Exhibit "A". <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. Incorporation of Recitals. The recitals set forth hereinabove are hereby incorporated <br />herein by reference. <br /> <br />Section 2. Approval of Purchase and Sale Agreement. The Agreement for the purchase and sale <br />of real property located at 151 Sunny Isles Boulevard, in the amount of$9,000,000.00 (Nine Million <br />Dollars) with a deposit of$1 ,000,000.00 (One Million Dollars), to be credited against the purchase <br />price at closing, attached hereto as Exhibit "A", be and the same, is hereby approved. <br /> <br />Section 3. Authorization of Mayor. The Mayor is hereby authorized to execute said Purchase and <br />Sale Agreement. <br /> <br />Page I of2 <br />