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RESOLUTION NO. 98-~ A RESOLUTION OF THE CITY OF SUNNY ISLES BEACH, FLORIDA, APPROVING ADDENDUM NO.3 TO CONTRACT FOR THE SALE AND PURCHASE OF 17425 COLLINS A VENUE KNOWN AS BEACH COVE RESORT ON THE TERMS AND CONDITIONS SET FORTH IN EXHIBIT "A"; AUTHORIZING THE MAYOR TO EXECUTE THE ADDENDUM AND ANY AND ALL DOCUMENTS NECESSARY TO EFFECTUA TE THE TRANSFER; AUTHORIZING THE CITY MANAGER AND THE CITY A TTORNEY TO TAKE WHATEVER ACTIONS NECESSARY TO EFFECTUATE THE TRANSFER. WHEREAS, the City of Sunny Isles Beach which became incorporated on June 16, 1997 has no park land included within its corporate boundaries; and WHEREAS, the Mayor and the Commission have expressed the desire to create a park for the citizens of the City of Sunny Isles Beach and desires to better facilitate oceanfront access; and WHEREAS, the City Commission has approved the Contract for Purchase and Sale together with the first and second Addenda thereto by Resolution No. 98-39; and WHEREAS, the City Manager, the City Attorney and the Mayor have entered into further negotiations on this property and have finally concluded the contract proposed to the City Commission represents the most favorable negotiation both in terms oflocation and price for the City of Sunny Isles Beach; NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF SUNNY ISLES BEACH, FLORIDA, AS FOLLOWS: Section 1. The purchase or property located at 17425 Collins A venue also known as the Beach Cove Resort on the amended terms set forth in Addendum No.3 attached hereto as Exhibit "A" is hereby approved by the City of Sunny Isles Beach. Section 2. The Mayor is hereby directed and authorized to execute this additional Addendum to the Contract and close this transaction on behalf of the City. Section 3. The City Attorney and City Manager are hereby directed to take whatever action is Res. on addendum no. 3 to Beach Cove contract -1-