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14 NY iS4F <br />F <br />s <br />P <br />FLOR�O <br />C /TY OF SUN PLO <br />TO: <br />FROM <br />DATE: <br />RE: <br />City of Sunny Isles Beach <br />18070 Collins Avenue, Suite 250 <br />Sunny Isles Beach, Florida 33160 <br />(305) 947 -0606 City Hall <br />(305) 949 -3113 Fax <br />(305) 947 -2150 Building Department <br />(305)947 -5107 Fax <br />MEMORANDUM <br />Honorable Mayor and City Commission <br />Hans Ottinot, City <br />June 19, 2014 <br />Attorne q�� <br />City Commission <br />Norman S. Edelcup, Mayor <br />Isaac Aelion, Vice Mayor <br />Jeanette Gatto, Commissioner <br />Jennifer Levin, Commissioner <br />George "Bud" Scholl, Commissioner <br />Christopher J. Russo City Manager <br />Hans Ottinot, City Attorney <br />Jane A. Hines, MMC, City Clerk <br />Resolution approving the Second Amendment and Consent to Assignment <br />between the City of Sunny Isles Beach, 4M Investors, LLC, International General <br />Contractor Inc. and Axioma 3 Inc. <br />RECOMMENDATION <br />It is recommended that the City Commission approve the Second Amendment and Consent to <br />Assignment between the City of Sunny Isles Beach, 4M Investors, LLC, International General <br />Contractor Inc. and Axioma 3 Inc. <br />REASONS <br />By way of background, the City of Sunny Isles Beach, Florida (the "City "), 4M Investors LLC <br />( "Contractor "), and International General Contractor Inc. entered into a Design —Build Agreement <br />dated July 21, 2011 (the "Agreement ") to build the Gateway Park located on Sunny Isles Beach <br />Boulevard. The Parties may modify the Agreement in writing upon mutual agreement. <br />Contractor desires to assign and Axioma 3 Inc. ( "Assignee ") desires to assume all of 4M Investor's <br />rights and obligations under the Agreement for the professional liability insurance requirement. <br />Agenda 0* 10 R <br />Date (-.=. — t q - <br />