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Reso 2009-1453
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Reso 2009-1453
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Last modified
7/1/2010 9:43:03 AM
Creation date
7/30/2009 10:35:08 AM
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CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2009-1453
Date (mm/dd/yyyy)
07/16/2009
Description
Reso the City of Sunny Isles Beach approving an agreement with RK Associates for the purchase of 151 Sunny Isles Blvd
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<br />- <br /> <br />(a) This Agreement shall be construed and governed in accordance with laws <br />of the State of Florida and in the event of any litigation hereunder, the venue for any such <br />litigation, shall be in Miami-Dade County. All of the parties to this Agreement have participated <br />fully in the negotiation and preparation hereof and, accordingly, this Agreement shall not be <br />more strictly construed against anyone of the parties hereto. <br /> <br />(b) In the event any provision of this Agreement is determined by appropriate <br />judicial authority to be illegal or otherwise invalid, such provision shall be given its nearest legal <br />meaning or reconstrued as such authority determines, and the remainder of this Agreement shall <br />be construed to be in full force and effect. <br /> <br />(c) In the event of any litigation between the parties under this Agreement, the <br />prevailing party shall be entitled to all reasonable attorneys fees and costs through all trial and <br />appellate levels. The provisions of this subparagraph shall survive the Closing and any <br />termination or cancellation of this Agreement. <br /> <br />(d) In construing this Agreement, the singular shall be deemed to include the <br />plural, the plural shall be deemed to include the singular and the use of any gender shall include <br />every other gender and all captions and paragraph headings shall be discarded. <br /> <br />(e) <br />of this Agreement. <br /> <br />All of the Exhibits to this Agreement are incorporated in and made a part <br /> <br />(f) This Agreement constitutes the entire agreement between the parties for <br />the sale and purchase of the Property, and supersedes any other agreement or understanding of <br />the parties with respect to the matters herein contained. This Agreement may not be changed, <br />altered or modified except in writing signed by the party against whom enforcement of such a <br />change would be sought. This Agreement shall be binding upon the parties hereto and their <br />respective successors and assigns. <br /> <br />(g) The term "Effective Date" or such other similar term is the date on which <br />the last of the parties initials or signs the latest offer. Time is of the essence for all provisions of <br />this Agreement. All time periods will be computed in business days (a "business day" is every <br />calendar day except Saturday, Sunday and national legal holidays). If any deadline falls on a <br />Saturday, Sunday or national legal holiday, performance will be due the next business day. All <br />time periods will end at 5:00pm, Miami time, of the appropriate day. <br /> <br />(h) This Agreement and any subsequent amendments hereto may be executed <br />in any number of counterparts, each of which, when executed, shall be deemed to be an original, <br />and all of which shall be deemed to be one and the same instrument. Facsimile transmission <br />signatures shall be deemed original signatures. <br /> <br />(i) Until such time this Agreement has been fully executed by both Seller and <br />Purchaser, Seller agrees that the terms set forth herein shall remain totally and completely <br />confidential and shall not be revealed or disclosed to any person or party whatsoever, except: (i) <br />with the consent of Purchaser; (ii) as may be disclosed to Seller's attorneys, accountants and <br />other representatives that are involved in connection with the consummation of this transaction; <br />(iii) Seller's investors and/or lenders; (iv) as may be required by applicable law; (v) as may be <br />11 <br /> <br />IL. 1<.. <br />/7A~ <br />
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