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<br />RESOLUTION NO. 2009-~ <br /> <br />A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF <br />SUNNY ISLES BEACH, FLORIDA, RATIFYING A NON-BINDING <br />LETTER OF INTENT TO ENTER INTO A PURCHASE <br />AGREEMENT BETWEEN THE CITY OF SUNNY ISLES BEACH <br />AND REGIONS BANK FOR THE PROPERTY LOCATED AT 488 <br />SUNNY ISLES BOULEVARD; AUTHORIZING THE MAYOR TO <br />EXECUTE THE PURCHASE AGREEMENT; 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, in the City is in need of land to provide open space and recreation for <br />residents; and <br /> <br />WHEREAS, the property located at 488 Sunny Isles Boulevard owned by 488 Sunny <br />Isles Inc. is available for purchase and the property will assist in the expansion of Bella Vista <br />. Park; and <br /> <br />WHEREAS, the City Commission wishes to ratify the non-binding Letter of Intent to <br />enter into a purchase agreement. <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 I. Ratification of the Letter of Intent. The City Commission hereby ratifies the Non- <br />Binding Letter of Intent with Regions Bank to purchase property located at 488 Sunny Isles <br />Boulevard, attached hereto as Exhibit "A". <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 />PASSED AND ADOPTED this '2-\~ day of M,,"~ 2009 <br /> <br /> <br />RatifYing the non-binding letter of intent <br />