Reso 2010-1523 - Laserfiche WebLink

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could have been made by each of them against the other in the Lawsuit, from the beginning of time to the date hereof, excepting as provided for in Paragraphs 5 and 10 of this Settlement Agreement, the Defendant City of Sunny Isles Beach, shall pay the total sum of Three Hundred Thousand and No/100 Dollars ($300,000.00), to Plaintiff, Gold Club, payable to Plaintiff's counsel of record, John C. Lukacs, P .A. Trust Account, not later than thirty (30) days from the date of the execution of this Settlement Agreement, such payment to be held by Plaintiff's counsel of record and shall not be disbursed until such time as the City shall receive the Order dismissing the Lawsuit, as referred to and described in Paragraph 9 of this Settlement Agreement; 4. The City agrees that it shall grant and convey to Gold Club 20,000 umts Transferable Development Rights with a lifespan of 15 years effective as of the date of execution of this Settlement Agreement ("TDRs); 5. The Gold Club and City agree that, by entering into this Settlement Agreement, Gold Club neither waives or forfeits any lawful right or claim it may have to seek apportionment of the condemnation proceeds in that certain eminent domain proceeding styled, City of Sunny Isles Beach v. Leroy Wiener, et al., Case No.: 09-55633 CA 21. 6. The City further agrees that it will grant and award Habour Construction, Inc. ("Harbour Construction") a contract providing for demolition services and appurtenant work ("Demolition Contract") to be performed by Harbour Construction in connection with the needed demolition of those certain properties, acquired by the City, and whose street address~ Q;1\,te ~ . .. o..~ IS 1 s,,~ ~$k.:s ~" lIsted as.215-255 Sunny Isles Boulevard, Sunny Isles Beach, Florida 33160, Gold Club Q"t\&l 2. " S~""''"Y ~'..,) ~"~\c.,,,~. ~ i't~" 'l:o..'\rS ~._~ ,'"'- Z:J) 40. understands and agrees, that the City's award of the Demolition Contract to Harbour Construction shall be conditioned upon the City's receipt of a market based bid from Harbour Page 2 of9 ~ [#2J.