|
-c---,--,,s--...r— • •- --,-7-. .,,"-TAIrt_Or.r
<br /> . .'-'- '. 1:'."7. 4"12;'?1.74: 4 *-5" 1110ENAT5-rig(INPeggirAfFW..,,,-- -,.. • .V.:. --'5' 1:4,. . :-a .
<br /> " '''‘7S .'r• ---- l'--i 4.1-.4.'('--1-;41 -0Mr4;*P4Xli'ft'S'fF -424V:r^r--:: ::k*e-4-. -0:''n-i-174r144,--;... .^ ., -!!,,IV,'Sitg
<br /> ItV--7 -Z14#7.-: 74'-'-.7fAt--- -.S..e1".Z. ,„.,:_,,,-- .4.1-4:ifSbnliiii;ilileVEMOOYM3.111r6Otit t.,7404;07W,SA---!:-.11WFa.'„,e7
<br /> ,I_, .1*-sAiMiVrak--=q7;w0.-- -1/4.,%,:vp-e104%71,.,T,'-'14tW-'•-r- IgotIto,;IP6120,'6___,4_,,--.;_' -0 f. -'.- Zi.A\,0„.T(''''--f
<br /> , •_:, f-XF:,;47-A7,-.A.12&*:...V:tst -w4.,.--4!-.40: - •,--iiviz, ,, ;:-:s.,.-. **.k..---v-fir,4- -t's-rasv't1'1*.'-'lik"-;,- ,1** = - 3---M 1' '-'''''-74:
<br /> ----: E--*--'1 ,--- - -,,f::41!m`''''- `'-`f-7-- --: -'-a0 -,---i-'-'-'414.vi.--.4--,szticyvvvi.sibtlinet?;f-A,L• 61-zzwi -- -, 4,...,1 q t:
<br /> .e.c,-.-.4.,-.-.-=,:.or.,.',,z.,Rti.- . -*-1.- .-sia . . -:-....:•--.,.-, _&1.:::--ac-•'..*; _,.;:_z_ .-I..._-,u-L__. --r „AS,_.,-,c.;;.-.ac- ' _._,.' --.A.C.j.t .1, _.,...--.1- --__-_,_r--;- , u ;4::;,,, c.,,.,,M I. , :it!
<br /> ...
<br /> ,.)
<br /> . --,,• , .,, -
<br /> ;\.•• ?,--.9' .r
<br /> / !p';
<br /> March 27,201.8
<br /> - •s,,-
<br /> City Commission
<br /> Via Fax and U.S. Mail
<br /> George"Bud"Scholl
<br /> Mayor
<br /> NDPRE 1114, LLC
<br /> Dona.Qoldmon do MMG Equity Partners LLC
<br /> Vice Mayor
<br /> Attention: Mr. Gabriel Navarro •
<br /> Isooc-Aelion
<br /> ' Cornaii0iOnoi- 9171-S Dixie Iiigilway. •
<br /> .. . .
<br /> • * 1. PinecreSt•F orida*331.5.6-
<br /> ,• * .
<br /> -
<br /> Jeaneite Gallo
<br /> Coaimissionor .
<br /> * LSRE: NON43INDING LETTER OF INTENT FOR THE DONATION
<br /> arisa vechin
<br /> Comniissioner • OF PROPERTY LOCATED AT 18500 COLLINS AVENUE,
<br /> SUNNY ISLES BEACH. FLORIDA 33160 -
<br /> 'Folio No. 31-2202406-0060
<br /> Christopher J.Russo
<br /> City Manager
<br /> Dear Mr. Navarro:
<br /> Hons.Ottinot
<br /> City Attorney
<br /> As a follow-up to our recent conversation about your interest in donating the above-referenced.
<br /> • Maueicio Beldneur property' or park-ptirposes to the City of Sunny Isles Beach ("City"),this Letter of Intuit("L01")
<br /> City Clerk,CMC
<br /> setsforththe generalterms and conditions under which the City ("City")will accept the donation
<br /> of real property located at 18500 Collins Avenue, Sunny Isles Beach("Navarro Property") from
<br /> .
<br /> NDPRE 1114, LLC ("Owner") in exchange for Transfer of Development Rights("TDRs"). This ,
<br /> LO1 is non-binding and its purpose is to facilitate the negotWions for the donation ofthe Property
<br /> in exchange for TDRs. .
<br /> We request that-the Owner refrain from placing the-Property on the market to allow the parties to
<br /> negotiate a TDR Agreement("Agreement")which will finalize the donation of'fee simple title of
<br /> the'Property to the City in exchange for TDRs.The following are proposed terms and conditions:
<br /> Property: 18500 Collins Avenue, Sunny Isles Beach, Florida 33160 with
<br /> Folio NO.31-2202-006-0060.
<br /> Donation of'Property: Owner shall dedicate and transfer fee simple interest of the
<br /> Navarro Property via a Warranty Deed to the City at a mutually
<br /> agreeable closing date.
<br /> Sale of TDRs: The City shall be responsible for selling all-ofthe Navarro's TDRs
<br /> •
<br /> on behalf of the Owner before selling its own TDRs. The City
<br /> shall sell all of the TDRs ata Guaranteed Maximum Price of$125
<br /> . per square feet("Guaranteed Maximum Price").The Guaranteed
<br /> . Maximum Price shall not be impacted by any fluctuation in the
<br /> price of the TDRs. The sale of all or part of the 126;61.5 square
<br /> • feet of floor area and 56 dwelling units shall.occur no later than •
<br /> December 31, 2021 except the time-perio.d for the sale of the
<br /> - TDRs which may be extended as provided below.
<br /> •
<br /> •
<br /> — -.
<br /> EXHIBIT"B"
<br />
|