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RESOLUTION NO. 2014 -2216 <br />A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF <br />SUNNY ISLES BEACH, FLORIDA, APPROVING A PURCHASE <br />AND SALE AGREEMENT BETWEEN THE CITY OF SUNNY <br />ISLES BEACH AND CHABAD LUBAVITCH RUSSIAN CENTER <br />OF SOUTH FLORIDA, INC. FOR CITY OWNED PROPERTY <br />LOCATED AT 500 SUNNY ISLES BOULEVARD, IN <br />SUBSTANTIALLY THE SAME FORM ATTACHED HERETO AS <br />EXHIBIT "A'; PROVIDING THE CITY MANAGER AND THE <br />CITY ATTORNEY WITH THE AUTHORITY TO DO ALL <br />THINGS NECESSARY TO EFFECTUATE THIS RESOLUTION; <br />PROVIDING FOR AN EFFECTIVE DATE. <br />WHEREAS, the City of Sunny Isles Beach (the `City') issued an Invitation to Bid No. <br />14 -03 -01 on March 28. 2014, for the sale of City owned property located at 500 Sunny Isles <br />Boulevard. Sunny Isles Beach; Florida 33160 (the "Property`); and <br />WHEREAS; the City received one bid in response thereto on April 28; 2014, from <br />Chabad Lubavitch Russian Center of South Florida. Inc. in the amount of Three Million Three <br />Hundred Thousand Seven Hundred and Seventy Dollars (S3,300,770.00); and <br />WHEREAS, the City wishes to enter into a purchase and sale agreement with Chabad <br />Lubavitch Russian Center of South Florida. Inc. in the amount of Three Million Three Hundred <br />Thousand Seven Hundred and Seventy Dollars ($3,300,770.00) in substantially the same form <br />attached hereto as Exhibit "A ". <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE <br />CITY OF SUNNY ISLES BEACH, FLORIDA, AS FOLLOWS: <br />Section 1. Approving the purchase and sale agreement for 500 Sunny Isles Boulevard. The <br />City Commission hereby approves the purchase and sale of City owned property located at 500 <br />Sunnv Isles Boulevard. between the Citv and Chabad Lubavitch Russian Center of South Florida. <br />Inc. in the amount of Three Million Three Hundred Thousand Seven Hundred and Seventy <br />Dollars (53300;770.00) in substantially the same form attached hereto as Exhibit "A ". <br />Section 2. Authorization of City Manager and City Attorney. The City Manager and City <br />Attomev are hereby authorized to do all things necessary to effectuate the terms of this <br />Resolution. <br />Section J. Effective Date. This Resolution shall become effective upon adoption. <br />Pate I of 2 <br />