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RESOLUTION N'O. 2014- 2.330 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF SUNNY ISLES BEACH, FLORIDA, RATIFYING A SETTLEMENT AGREEMENT BETWEEN THE CITY OF SUNNY ISLES BEACH AND GILBERTO AVILAN COHEN AND MARGARITA COHEN (`UNIT OWNERS') OF THE PLAZA OF THE AMERICAS CONDOMINIUM, ATTACHED HERETO AS EXHIBIT "A'; PROVIDING THE CITY MANAGER AND THE CITY ATTORNEY WITH THE AUTHORITY TO DO ALL THINGS NECESSARY TO EFFECTUATE THIS RESOLUTION; PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, by Resolution No 2014 -2199, adopted on February 20, 2014, the City Commission authorized the use of its eminent domain powers to acquire a small piece of property for the 826 West Overpass Pedestrian Bridge for the Gateway Park; and NVHEREAS, the owner of the property, Plaza of the Americas, Club, Inc., has agreed to sell the property to the City as a result of negotiations; and WHEREAS, pursuant to Section 73.073, Florida Statutes, notice of the eminent domain proceedings was provided to all unit owners of the Plaza of the Americas Condominium; and WHEREAS, unit owners Gilberto Avilan Cohen and Margarita Cohen timely responded and objected pursuant to Section 73.073, Florida Statutes; and WHEREAS, the City Commission wishes to ratify a Settlement Agreement between the City and Gilberto Avilan Cohen and Margarita Cohen. NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF SUNNY ISLES BEACH, FLORIDA, AS FOLLOWS: Section 1. Ratifying the Settlement Agreement. The City Commission herby ratifies the Settlement Agreement between the City of Sunny Isles Beach and unit owners, Gilberto Avilan Cohen and Margarita Cohen attached hereto as Exhibit "A ". Section 2. Authorization of City Manager and City Attorney. The City Manager and City Attorney are hereby authorized to do all things necessary to effectuate the terms of this Resolution. Section 3. Effective Date. This Resolution shall become effective upon adoption. Page I of