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LQ <br />C,Tk OF 5VH <br />City of Sunny Isles Beach <br />18070 Collins Avenue <br />Sunny Isles Beach, Florida 33160 <br />(305) 947-0606 City Hall <br />(305) 949-3113 Fax <br />MEMORANDUM <br />TO: Honorable Mayor and City Commissioners <br />FROM: Stan Morris, City Manager. <br />DATE: August 21, 2025 <br />RE: Purchase and Sale Agreement for Property Located at 19142 Collins Avenue <br />RECOMMENDATION: <br />Staff recommends approval of this Resolution. <br />REASONS: <br />In the current budget year, the City Commission approved funds for land purchases with the goal to <br />expand parks and open spaces. The property to the south of the existing Golden Shores Pocket Park is <br />currently available for sale. Securing this parcel, immediately adjacent to an existing city park would <br />further the goals of the City Commission, allowing to preserve green space and potentially expand the <br />park to the south. This parcel is zoned for moderate density, townhouse residential. This zoning <br />designation places a greater value on this parcel than some others in the neighborhood. <br />The owner has agreed to a purchase price of $2.5 million for this 10,355 square foot lot as per the <br />attached Purchase and Sale Agreement. <br />ADDITIONAL INFORMATION: <br />The first expansion of this park was with the purchase of a similarly sized lot for $375,000 in 2003. <br />Golden Shores Park is used by more residents than those residing in the immediate neighborhood. <br />Predicting this to be the case, past administrations and city commissions attempted to purchase this <br />parcel from the previous owner unsuccessfully. <br />Any future redevelopment of the park will be determined by the City Commission. <br />FUNDING SOURCE: <br />Funds have been appropriated in the Capital Account Number 300-5-5390-461000-99015. <br />Item Number: 9.1 <br />325 <br />