Laserfiche WebLink
<br />RESOLUTION NO. 2008- J2.kt./ <br /> <br />A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF <br />SUNNY ISLES BEACH, FLORIDA; APPROVING AN OPTION <br />AGREEMENT IN SUBSTANTIALLY THE SAME FORM WITH <br />AVILA CONDOMINIUM ASSOCIATION, INC., ATTACHED <br />HERETO AS EXHIBIT "A" FOR THE PURCHASE AND SALE OF <br />REAL PROPERTY OF APPROXIMA TEL Y 20,550 SQUARE FEET <br />LOCATED ALONG THE SOUTH SIDE OF NE 175TH TERRACE, <br />APPROXIMA TEL Y 200 FEET WEST OF COLLINS A VENUE, FOR <br />ONE MILLION NINE HUNDRED THOUSAND DOLLARS <br />($1,900,000.00) WITH AN OPTION DEPOSIT OF TWENTY FIVE <br />THOUSAND DOLLARS ($25,000.00) FOR A 90-DA Y OPTION, <br />WHICH DEPOSIT SHALL BE APPLIED TO THE PURCHASE <br />PRICE IF THE CITY PROCEEDS TO PURCHASE THE PROPERTY; <br />AUTHORIZING THE MAYOR TO EXECUTE THE OPTION <br />AGREEMENT; RESCINDING RESOLUTION NO. 2007-1172; <br />PROVIDING THE CITY MANAGER TO DO ALL THINGS <br />NECESSARY TO EFFECTUATE THIS RESOLUTION; PROVIDING <br />FOR AN EFFECTIVE DATE. <br /> <br />WHEREAS, on March 13, 2006, the City Commission held a Workshop to discuss the <br />development of a strategic plan for the acquisition of property for open space/park purposes; and <br /> <br />WHEREAS, at the Open Space Workshop, the City Commission decided to create a plan <br />that would provide the framework for acquiring additional property for open space; and <br /> <br />WHEREAS, at the Open Space Workshop the City Commission also decided to continue to <br />pursue open space opportunities that were available, during the interim period; and <br /> <br />WHEREAS, the property located at the NE corner of 175th Terrace, present a unique <br />opportunity for the City Commission to purchase additional property to create a municipal parking <br />garage for Samson Oceanfront Park; and <br /> <br />WHEREAS, Avila Condominium Association Inc. is the owner of said property proposing <br />to enter into an Option agreement in the amount for One Million Nine Hundred Thousand Dollars <br />($1,900,000.00) with an option deposit of Twenty Five Thousand Dollars ($25,000.00) for a 90-day <br />option, attached hereto as Exhibit "A"; and <br /> <br />WHEREAS, the A vila Condominium Board has approved the sale of the aforementioned <br />property to the City. <br /> <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE <br />CITY OF SUNNY ISLES BEACH, FLORIDA, AS FOLLOWS: <br /> <br />R2008 Avila Option Agrccmcnt <br /> <br />Pagc I of2 <br />