Laserfiche WebLink
City of Sunny Isles Beach <br />17070 Collins Avenue. Suite 250 <br />Sunny Isles Beach. Florida 33160 <br />(305) 947-0606 phone (305)949-3113 fax <br />David Samson <br />mayor To: <br />City Commission <br />Irving Turetsky <br />Vice Mayor From: <br />Lynn M. Dannheisser, <br />Commissioners <br />City Attorney <br />Danny Iglesias <br />Lila Kauffman <br />Date: <br />August 13, 1998 <br />Connie Morrow <br />James DiPlava- ro Subject: RESOLUTION ON CONTRACT FOR PURCHASE AND SALE OF <br />City Manager VACANT PROPERTY AT NORTH BAY ROAD AND 178TH DRIVE. <br />Lynn DI. Dannheisser <br />City Attorney <br />RECOMMENDATION <br />It is recommended that the City Commission adopt this Resolution approving the Contract <br />for Purchase and Sale of vacant property located a North Bay Road and 178'" Drive, as more <br />particularly described in the attachment to this Resolution. <br />In=04=14 <br />At the last Commission meeting, this body approved, in concept, the terms to be included <br />in a contract for the Sale and Purchase of the Property located at North Bay Road and 178 ° <br />Drive. After several weeks of negotiation, the terms have now been concluded, at the <br />purchase price of 51,435,000.00. The closing is contingent upon the securing of a clean <br />environmental audit and the receipt by the City of a final tentative plat (paid for by the <br />Seller) which reflects that the utility easements running through the property shall be <br />vacated. Alternatively, if the easements are currently being utilized, they must be relocated <br />at a reasonable expense. Seller shall pay for the cost of total replatting in excess of 56,000, <br />provided however, if the surveyor concludes that the easements cannot be vacated and/or <br />relocated for a reasonable price, then, the contract shall not become effective and the City's <br />sole obligation will be to repay the Sellers for the cost of the engineer's fee for the tentative <br />replat in the amount of S2500. <br />The Sellers have already executed this contract and placed it in escrow with their counsel. <br />Should the City Commission approve the contract, the Mayor shall execute the contract on <br />behalf of the City of Sunny Isles Beach and it shall be effective at that point.. <br />Respectfully submitted, <br />LMD:ch <br />Attachment(s) /, <br />