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RESOLUTION NO. 2023 - <br />A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF SUNNY ISLES BEACH, <br />FLORIDA, APPROVING A PURCHASE AND SALE AGREEMENT BETWEEN THE CITY OF <br />SUNNY ISLES BEACH AND S&B ATLANTIC BLVD, LLC FOR THE PURCHASE AND SALE <br />OF REAL PROPERTY, OF APPROXIMATELY 0.40 ACRES LOCATED AT 18126 <br />ATLANTIC BOULEVARD, IN THE AMOUNT OF FIVE MILLION FIVE HUNDRED <br />THOUSAND DOLLARS AND NO CENTS ($5,500,000.00), ATTACHED HERETO AS <br />EXHIBIT "A"; AUTHORIZING THE MAYOR TO EXECUTE SAID AGREEMENT; <br />AUTHORIZING THE CITY MANAGER TO DO ALL THINGS NECESSARY TO <br />EFFECTUATE THIS RESOLUTION; PROVIDING FOR AN EFFECTIVE DATE. <br />WHEREAS, S&B Atlantic Blvd, LLC (the "Owners") are the owners of the parcel located at <br />18126 Atlantic Boulevard, Sunny Isles Beach, FL 33160 (the "Property"); and <br />WHEREAS, the City Manager of the City of Sunny Isles Beach ("the City") has been in <br />negotiations with the Owners for the purchase and sale of the Property; and <br />WHEREAS, the City Manager has determined that the Property is uniquely situated for <br />municipal purposes; and <br />WHEREAS, the City Commission wishes to approve a Purchase and Sale Agreementforthe <br />purchase of the Property, in an amount not to exceed Five Million Five Hundred Thousand Dollars <br />and No Cents ($5,500,000.00), attached hereto as Exhibit "A". <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF SUNNY <br />ISLES BEACH, FLORIDA, AS FOLLOWS: <br />Section 1. Approval of Purchase and Sale Agreement. The City Commission hereby approves a <br />Purchase and Sale Agreement for the purchase of the property located at 18126 Atlantic <br />Boulevard, Sunny Isles Beach, FL 33160, in an amount not to exceed Five Million Five Hundred <br />Thousand Dollars and No Cents ($5,500,000.00), attached hereto as Exhibit "A". <br />Section 2. Authorization of Mayor. The Mayor is hereby authorized to execute said Purchase <br />and Sale Agreement. <br />Section 3. Authorization of City Manager. The City Manager is hereby authorized to do all <br />things necessary to effectuate this Resolution, including authorization to expend incidental costs <br />associated with the Closing of the property purchase. <br />Section 4. Effective Date. This Resolution shall become effective upon adoption. <br />PASSED AND ADOPTED this 165t day of November 2023. <br />@BCL@940BDA66.Doc Page 1 of 2 <br />