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RESOLUTION NO. 2015 - / 1 <br /> A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF <br /> SUNNY ISLES BEACH, FLORIDA,APPROVING A LEASE BACK <br /> AGREEMENT WITH TRG SUNNY ISLES VII WEST, LLC FOR <br /> THE PROPERTY LOCATED AT 15800 COLLINS AVENUE, <br /> ATTACHED HERETO AS EXHIBIT "A"; AUTHORIZING THE <br /> MAYOR TO EXECUTE SAID AGREEMENT;AUTHORIZING THE <br /> CITY MANAGER AND CITY ATTORNEY TO DO ALL THINGS <br /> NECESSARY TO EFFECTUATE THIS RESOLUTION; <br /> PROVIDING FOR AN EFFECTIVE DATE. <br /> WHEREAS, the City intends to acquire the property located at 15800 Collins Avenue by <br /> donation from TRG Sunny Isles VII West, LLC ("Grantor"); and <br /> WHEREAS,the Grantor desires to lease the property for a nominal amount from the City; <br /> and <br /> WHEREAS,the City Commission wishes to approve the Triple Net Leaseback Agreement <br /> for property located at 15800 Collins Avenue attached 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. Approval of Triple Net Leaseback Agreement. The City Commission hereby <br /> approves the Triple Net Leaseback Agreement between the City and TRG Sunny Isles VII West, <br /> LLC, attached hereto as Exhibit"A". <br /> Section 2. Authorization of the Mayor.The Mayor is hereby authorized to execute the Triple Net <br /> Leaseback Agreement between the City and TRG Sunny Isles VII West, LLC. <br /> Section 3. Authorization of City Manager and City Attorney. The City Manager and City <br /> Attorney are hereby authorized to do all things necessary to effectuate this Resolution. <br /> Section 4. Effective Date. This Resolution will become effective upon adoption. <br /> PASSED AND ADOPTED this 16th day of April, 2015. <br /> Approving Triple Net Leaseback Page I of 2 <br />