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<br />r- <br /> <br />Summary Minutes: Regular City Commission Meeting October 14,2010 <br /> <br />City of Sunny Isles Beach, Florida <br /> <br />10F. A Resolution of the City Commission of the City of Sunny Isles Beach, Florida, Approving <br />the Second Amendment to Ingress Egress Agreement between the City and La Perla <br />Condominium Association, Inc. to Cancel User Rights for Parking Spaces within La Perla <br />Condominium, Attached Hereto As Exhibit "A"; Further, Approving a Promissory Note in <br />Favor of the City for $100,000.00, Attached Hereto as Exhibit "B"; Authorizing the Mayor to <br />Execute Said Second Amendment to Agreement; Authorizing the City Manager to Do All <br />Things Necessary to Effectuate this Resolution; Providing for an Effective Date. <br /> <br />Action: City Clerk Hines read the title, and City Attorney Ottinot reported that this matter <br />was brought to his attention by Commissioner Scholl. At the time of construction of La <br />Perla, they had agreed to give the City 29 spaces within the Condo to use for City purposes. <br />However, that arrangement was not beneficial to the City or to La Perla, it caused some <br />privacy issues in respect to La Perla. Also, the use by the City was limited because of the <br />valet service. La Perla has agreed to enter into an agreement to cancel the right of those <br />spaces for $200,000.00. Upon the approval of this agreement, La Perla will provide the City <br />with $100,000.00 and pay the additional $100,000.00 in a five-year period at 5% interest. La <br />Perla has also agreed to work with the City on future projects. He noted that the Promissory <br />Note needs to be corrected to say Second Amendment. <br /> <br />Public Speakers: none <br /> <br />Vice Mayor Thaler said that we had the spaces but the City was not getting any income from <br />them, it was all going to La Perla, and so this is really found money for the City. The <br />Commission thanked Commissioner Scholl for bringing this item to the Commission. <br />Commissioner Scholl said that La Perla have been a very good advocate for the Pier Project <br />and for the revitalization of Sunny Isles Boulevard, and so the Condominium really stepped <br />forward in a leadership with La Perla and they did a good job in making this go a long way. <br /> <br />Commissioner Brezin moved and Commissioner Scholl seconded a motion to approve this <br />resolution, as amended. Resolution No. 2010-1624 was adopted by a voice vote of5-0 in <br />favor. <br /> <br />lOG. Add-On: <br />A Resolution of the City Commission of the City of Sunny Isles Beach, Florida, Ratifying <br />the Approval of Budget Amendment No. BA0910-008 to Fiscal Year 2009/2010 Budget <br />for Major Amendments: Stormwater Capital Fund - Additional Costs for heritage Park <br />Construction Project - $100,000; Authorizing the City Manager to Do All Things Necessary <br />to Effectuate this Resolution; Providing for an Effective Date. <br /> <br />Action: [City Clerk's Note: Distributed prior to the meeting and heard with Item IOE. See <br />additional action under Item 4A and Item IOE.) City Clerk Hines read the title, and <br />Assistant City Manager/Finance Shah reported that the Storm water Fund is to be reimbursed <br />from the $3.5 Million loan that we received, and then the Stormwater Capital Projects Fund <br />is to actually account for that loan as well as any activity related to the projects for that loan. <br /> <br />Public Speakers: none <br /> <br />Commissioner Scholl moved and Vice Mayor Thaler seconded a motion to approve this <br />resolution. Resolution No. 2010-1625 was adopted by a voice vote of 5-0 in favor. <br /> <br />9 <br />