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<br />RESOLUTION NO. 2008-J322> <br /> <br />A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF <br />SUNNY ISLES BEACH, FLORIDA; AMENDING RESOLUTION NO. <br />2008-1264 AND APPROVING AN OPTION AGREEMENT 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 175'1'11 TERRACE, <br />APPROXIMA TEL Y 200 FEET WEST OF COLLINS A VENUE, TO <br />REFLECT NEW PURCHASE PRICE OF TWO (2) MILLION TWO <br />HUNDRED THOUSAND DOLLARS ($2,200,000.00) WITH AN <br />OPTION DEPOSIT OF TWENTY FIVE THOUSAND DOLLARS <br />($25,000.00) FOR A 90-DA Y OPTION, WHICH DEPOSIT SHALL BE <br />APPLIED TO THE PURCHASE PRICE IF THE CITY PROCEEDS <br />TO PURCHASE THE PROPERTY; AUTHORIZING THE MAYOR <br />TO EXECUTE THE OPTION AGREEMENT; PROVIDING THE <br />CITY MANAGER TO DO ALL THINGS NECESSARY TO <br />EFFECTUATE THIS RESOLUTION; PROVIDING FOR AN <br />EFFECTIVE DATE. <br /> <br />WHEREAS, the property located at the NE corner of l75th 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 Two Million Two Hundred Thousand Dollars <br />($2,200,000.00) 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 />Section 1. Incorporation of Recitals. The recitals set forth hereinabove are hereby incorporated <br />herein by reference. <br /> <br />Section 2. Approval of Option Agreement. The City Commission of the City of Sunny Isles <br />Beach, Florida hereby approves the Option Agreement. attached hereto as Exhibit "A", for the <br />purchase of real property of approximately 20.550 square feet located along the south side of NE <br />175th Terrace. Sunny Isles Beach. Florida. for Two Million Two Hundred Thousand Dollars <br />($2,200,000.00) with an option deposit of $25,000.00 for a 90-day option, which deposit shall be <br />applied to the purchase price if the City proceeds to purchase the property. <br /> <br />R200S Avila Option Agrccment <br /> <br />Pagc I 01'2 <br />