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<br />j' <br /> <br />. <br /> <br />Danny Tantleff <br />Portfolio Director <br />Solis Resort, Spa & Residences <br />December 27,2007 <br /> <br />Wiring instructions are as follows: Colonial Bank, Sunny Isles Beach, Florida 33160, <br />Routing #062001319. Please Credit the Account of: City of Sunny Isles Beach- TDR, <br />Account Number: 8035582504, <br /> <br />Please contact Assistant City Manager Douglas Haag upon completion of the wire <br />transfer. <br /> <br />2. The balance of payments will be due by January 31, 2008 and the unpaid balance will <br />accrue at a rate of 7.5% per annum. If payment were made on January 31, 2008 the <br />amount due Sunny Isles Beach would be One Million Eight Hundred Thirty-One <br />Thousand Two Hundred Five Dollars ($1,831,205.00). This represents One Million <br />Eight Hundred Twenty Thousand Two Hundred Eight Dollars ($1,820,208.00) in <br />principal and Ten Thousand Nine Hundred Ninety-Seven Dollars ($10,997.000) in <br />interest. <br /> <br />The City Attorney will draft the necessary documents relative to this issue. In the meantime, <br />please sign where indicated and return to me no later than December 31, 2007, <br /> <br />very~~urs, <br /> <br />9hn Sz g <br />City Manager <br /> <br />AJS:jah <br /> <br />I agree to the above conditions' <br /> <br /> <br />Daniel Tantleff, Portfolio Director <br />Solis Resort, Spa & Residences <br /> <br />c: The Honorable Mayor and City Commission <br />City Attorney Hans Ottinot <br />Assistant City Manager/Services Jorge Vera <br />Assistant City Manager/Finance Douglas Haag <br />Building Official! Administrator Clayton Parker <br /> <br />Ltr Daniel Tantleff of Solis Resort <br />