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<br /> <br />~.~..~. <br />.', \.." :j <br />\ . - . I <br />\, ;- ". ..- ~ ~ // " <br />'.~. ><~.:...<,' <br />:. '..r .;"" r.. <br /> <br />City Commission J I 30 "'0()8 <br />u y. ,"'- <br /> <br />Norman S. Edelcup <br />Mayo. <br /> <br />Lewis J. Thaler <br />Vice Mnyor <br /> <br />Roslyn Br eztrl <br />Con'nll<1SI0nel <br /> <br />Gerry Goodman <br />COnHl'l15SI0rlf!r <br /> <br />George "Bud" Scholl <br />COfnrn;~Sloner <br /> <br />A. John Szerlag <br />City MnnqHer <br /> <br />Hans Ottino! <br />City AIIOlflP.y <br /> <br />Jane A. Hines <br />City Clef k <br /> <br />Michael Dezer <br />Gil Dezer <br />Dezer Developmcnt LLC <br />18001 Collins Avenue, Apt. 2402 <br />Sunny Islcs Beach FL 33160 <br /> <br />Re: Non-Hindine: Letter of Intent for Proposed .Joint Development Aereement <br />for Construction of a Conference Center. Medical Offices and Car Museum <br /> <br />Dear Gentlemen: <br /> <br />The City of Sunny Isles Beach ("City") and [)ezer Development LLC and or its assigns C'Dezer <br />Development") wish to form a public/privatc partnership to dew lop a mixed-use development <br />("ProjecC) on City owned property. ""hich is located at 18080 Collins A venue. as more specifically <br />described in Exh ibit "^" ("Property"). <br /> <br />This non-binding Letter of Intent serves to establish a preliminary basis for negotiating a Joint <br />Development Agreement that will contain additional terms such as conditions and provisions not <br />yet negotiated or agreed upon by the parties for the development of the Project. <br /> <br />I. Purpose. This Letter of Intent rdlects the commitment by the City and Dezer <br />Development to work together to develop public facilities/amenities to further the <br />development of the City as a destination location in the State of Florida. The goal of this <br />public/private partnership is to create public tacilitiesto serve a growing residential and <br />tourist population. . <br /> <br />2. Project. The Project is a mixed use development wh ich primari Iy consists of a con ference <br />center, medical offices/facilities and a car museum. The conference center shall <br />accommodate approximately 500 people for a sit-down meal. The medical offices/facilities <br />shall occupy approximately 35.000 square feet of the development. The museum shall <br />occupy approximately 39.000 square feet of the development. The Project shall also consist <br />of a restaurant with approx imately 10.000 square feet. The Project wi II be constructed in <br />accordance with the proposed layout titled "Trump Grande proposed Areas", attached <br />hereto as Exhibit "B", <br /> <br />3. Joint Development Aereement. No later than November I. 2008, the City and Dezer <br />Development shall enter into a Joint Development Agreement ("Agreement") to facilitate <br />the construction of the Project. The Agreement shall specify the responsibilities of the <br />parties with respect to the Project. More specifically, the City shall be responsible for <br />providing the land for the Project. The City shall also be responsible for providing the land <br />for off-site parking tacilities. if needed for the Project. Dezer Development shall be <br />responsible for financing, designing and constructing the Project and building of any ofT- <br />site parking facility. Dezer Development will contribute or finance significant funds <br />(currently estimated between $22-35 million dollars) to construct the Project. Prior to the <br />