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<br /> <br />CITY COMMISSION <br /> <br />CAVIO SAMSON <br />MAYO" <br /> <br />LILA IUUF'MAN <br />""ei "'ATO" <br /> <br />NO~MAN S. EDELeu!' <br />CO/'1/'1ISSlONU <br /> <br />GE~"Y GOOOMAN <br />CO/'1/'1'SSIONf" <br /> <br />DANNY IGLESIAS <br /> <br />COMMISSIONI'I <br /> <br />Christoone:- J. ~uo <br />Cicy ~r <br />Lynn M. OoV1nheisJer <br />Cicy korney <br />RjchMd 8rawn-Mon/b ~ <br />Clcy CIeri( <br /> <br />Mr. R22J12n Katz <br />17100 Colliw A venue <br />Sunny IsIe3 Beach, Florida 33160 <br /> <br />Re: <br /> <br />18r' Street Shopping Center <br />Expansion of Colonial Bank <br /> <br />Oe:u Mr. Mtz: <br /> <br />This will confirm our conversation of October IS, 2001, in \Vhich R.K Associates <br />C'R.K.'l and the City of Sunny (sles Be:1ch h:l\'e agreed thar: the upansion of Colonial <br />Bank ('Bank") \vill necessarily eliminate nine (9) required pOlrk-jng spaces. In accordance <br />wieh Section 33-128 of the Code of ~.Ciami Dade Count)' as Oldopted by Section 8.3 of <br />the Charter of the Ci1Y of Sunny lsle~ Beach, off srreet parking ClUj' be provided if the <br />use to be served is a cornmerci:ll or bu:,iness lIse. As such, and in order to remed.iate this <br />!ieu:uion, }'ou Iu"-e agreed to contribute to the City $50,000.00 for the construction of <br />such off-screet parking to accomm(xi,,[~ rhc: los:; of !pa~'es re-.wlring frum the Bank <br />e:~pansitJn. 11us amount is due :lnu p.'~':lble to che City prior to the issu:ancc of the CO. <br />Ull rhe Bank expansion or in thret (3) months from ,h~ date:: of this lerrer, whichever is <br />soonc:r. <br /> <br />Ie is recognized, however, chat this muney will probably allow for the creation of a <br />greater number of spaces than the number Ion by the expansion of the bank. Thus, <br />R.K. will receive "credit" toward any additional parking spaces Uul may in the future be <br />lo:';t by additional expansion or change of use for any Centam in that shopping CCnter <br />and those 5pac~ shall be considered remedUrion of future lost ~paces up to the number <br />actually constructed by the City. .As the CitY has control over the: parking, it hereby <br />waives the nece:uicy of a covenant in accor.:Ltnce with the aforementioned Code section. <br /> <br />Ie is further understood and agreed Chat the cost for construction of both the sidewalk <br />on grade adjacent to the parking, plus the parking, shall exceed the amount contributed <br />by R.K, but the City agrees to accepr: this contribution in lieu of the number of required <br />spaces. <br /> <br />Finally, it is also understood thac this payment in no war relates to the engineering <br />services performed by David Plummc:r & Assocutes in conjunction with securing a <br />proper turn lane on Collins A venue at 181" Street and the City acknowledges RX's <br />portion of reimbursement for those scn;ces required. <br />