HomeMy WebLinkAboutReso 98- 46
RESOLUTION NO. 9S.!i....k
A RESOLUTION OF THE CITY OF SUNNY ISLES BEACH,
FLORIDA, APPROVING IN CONCEPT THE TERMS TO BE
INCLUDED IN A CONTRACT FOR THE SALE AND
PURCHASE OF 17451 COLLINS AVENUE KNOWN AS THE
PRINCESS BEACH MOTEL ON THE TERMS AND
CONDITIONS PROVIDED IN THE LETTERS OF INTENT
SET FORTH AS COMPOSITEEXHmIT"A"; AUTHORIZING
THE CITY ATTORNEY TO DRAFT SUCH A CONTRACT;
PROVIDlNG FOR AN EFFECTIVE DATE.
WHEREAS, the City of Sunny Isles Beach which became incorporated on June 16, 1997
has no park land included within its corporate boundaries; and
WHEREAS, the Mayor and the Commission have expressed the desire to create at least one
park for the citizens of the City of Sunny Isles Beach and desires to better facilitate oceanfront
access; and have approved by Resolution No. 98-39 a contract for the sale and purchase of the
adjacent property for such a park;
WHEREAS, the City Manager, the City Attorney and the Mayor have reviewed and
analyzed the number of oceanfront properties and entered into negotiations on several of those
properties and have finally concluded the contract proposed to the City Commission represents the
most favorable negotiation both in terms of location and price for the City of Sunny Isles Beach;
NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY
OF SUNNY ISLES BEACH, FLORIDA, AS FOLLOWS:
Section 1.
The purchase of property located at 17451 Collins Avenue also known as the
Princess Beach Motel on the terms provided in the letters of intent set forth as composite Exhibit
"A" is hereby approved in concept by the City of Sunny Isles Beach.
Section 2.
The City Attorney is hereby directed to draft for Commission approval such a contract
and any and all documents to effectuate same on behalf of the City.
Section 3.
This Resolution shall become effective upon its adoption,
,d
PASSED AND ADOPTED this 23 day of April, 1998.
Res, on contract for park purchase
ATIEST:
~~~~- ~'\U~
Richard Brown-Morilla, City Clerk
APPROVED AS TO FORM
AND LEGAL SUFFICIENCY:
Moved by: ~,~ ~C4...-?
Second by: V I U Iv\T T wu.:tb ~
VOTE AS FOLLOWS:
Mayor Samson
Vice Mayor Turetsky
Commissioner Kauffman
Commissioner Iglesias
Commissioner Morrow
(yes) \../ ~ (no)_
(yes) t../ (no)_
(yes) t./' (no)_
(yes) V /(no)_
(yes) c./ (no)_
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Res. on contract;for park PUl.'t\1as~
.
-2-
City of Sunny Isles Beach
17070 Collins Avenue, Suite 250
Sunny Isles Beach, Florida 33160
(305) 947-0606 phone (305) 949-3113 fax
David Samson
Mayor
Irving Turetsky
Vice Mayor
Commissioners
Danny Iglesias
Lila Kauffman
Connie Morrow
James DiPietro
City Manager
Lynn M, Dannheisser
City Attorney
April 23, 1998
Mr. M. Warshawsky
4044 Meridian A venue
Apt. 3A
Miami Beach, Florida 33140
VIA FAX: 937-4100
Dear Mr, Warshawsky:
This is a non-binding letter of intent that contains provisions that are being discussed
for a potential sale (delivery of a warranty deed) to the City of Sunny Isles Beach of
the fee simple portion of the property commonly known as the Princess Beach Motel
located at 17451 Collins Avenue, as more particularly described in Exhibit "A"
attached hereto,
This is not a legally binding contract but merely an outline of the contract terms for
discussion purposes only, The terms are as follows:
PURCHASE PRICE:
Leasehold property: Two million two hundred thousand ($2,200,000.) dollars as
to the long term lease.
CONTINGENCIES:
This price is contingent upon the following:
1, City Commission approval
2, City's receipt of two appraisals (discussed
below) for the property as required by Section
166,045, Florida Statutes as amended, to
substantiate the purchase price of entire
property (lessee's interest to be included)
3, Contract is executed no later than Thursday,
April 23, 1998
CLOSING DATE: Projected closing date on or before June 4, 1998.
CLOSING COSTS: Closing costs will be borne as customarily allocated.
The undersigned parties agree that time is of the essence and shall proceed with due diligence.
PROPOSED BUYER:
SELLER (as to leasehold interest):
By:
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EACH
EXHIBIT "A"
T A TUMS SUB OF GOVT LOT 6 PB 10-64
S 100Ff OF N200Ff TR 3 E OF ST
RD 140 PER
LOT SIZE 100,000 X 410
OR 12993-2713 07864
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