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<br />RESOLUTION NO. 2009-.m~ <br /> <br />A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF <br />SUNNY ISLES BEACH, FLORIDA, RATIFYING THE <br />AMENDMENT TO THE NON-BINDING LETTER OF INTENT <br />BETWEEN THE CITY OF SUNNY ISLES BEACH AND DEZER <br />DEVELOPMENT COMPANY, TO CONSTRUCT A MIXED USE <br />PROJECT CONSISTING OF A CONFERENCE CENTER, <br />MEDICAL OFFICES AND A CAR MUSEUM; AUTHORIZING <br />THE CITY MANAGER AND CITY ATTORNEY TO DO ALL <br />THINGS NECESSARY TO EFFECTUATE THIS RESOLUTION; <br />PROVIDING FOR AN EFFECTIVE DATE. <br /> <br />WHEREAS, by letter dated July 30, 2008, the City and Dezer Development, LL ("Dezer <br />Development") executed a non-binding Letter of Intent to jointly develop a conference center, <br />medical offices and a car museum("Project") on the property located at 18080 Collins Avenue; <br />and <br /> <br />WHEREAS, pursuant to the Letter of Intent, the City and Dezer Development was <br />required to enter into a Joint Development Agreement ("Agreement") no later than November 1, <br />2008; and <br /> <br />WHEREAS, by letter dated October 28, 2008, the parties mutually agreed to delay the <br />execution of the Agreement until the resolution of certain related matters with Golden Strand <br />Ocean Villa Resort Association, Inc. ("Golden Strand"); and <br /> <br />WHEREAS, the parties acknowledge that the Golden Strand's matter are in the process <br />of being finalized and wish to extend the date for execution of a Joint development Agreement <br />and to provide an option to lease the property located at 18080 Collins A venue. <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. Ratification of the Amendment to the Letter of Intent. The City Commission <br />hereby ratifies the Amendment to the Non-Binding Letter of Intent with Dezer Development <br />Company to form a public/private partnership to develop a mixed-use development on City <br />owned property, which is located at 18080 Collins Avenue, attached hereto as Exhibit "A". This <br />ratification of the amendment to the Letter of Intent is not valid unless a lease agreement is <br />executed between the City and Golden Strand for the property located at Atlantic Boulevard just <br />north of 178 S1. <br /> <br />Section 2. Authorization of City Manager and City Attorney. The City Manager and City <br />Attorney are hereby authorized to do all things necessary to effectuate this Resolution. <br /> <br />Section 3. <br /> <br />Effective Date. This Resolution shall become effective upon adoption. <br /> <br />Authorizing The CC To Executean Amendment To Non-Binding Letter Of Intent 5.2009 Page I of2 <br />