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<br />RESOLUTION NO. 2009- ~ <br /> <br />A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF SUNNY <br />ISLES BEACH, FLORIDA, APPROVING AN AGREEMENT WITH ARI <br />PROPERTIES, INC. FOR THE PURCHASE AND SALE OF REAL <br />PROPERTY LOCATED AT 16050 COLLINS AVENUE, IN THE AMOUNT <br />OF $4,500,000.00 WITH A DEPOSIT OF $450,000.00 WHICH DEPOSIT <br />SHALL BE CREDITED AGAINST THE PURCHASE PRICE AT CLOSING, <br />IN SUBST ANTIALL Y THE SAME FORM AS THE A TT ACHED EXHIBIT <br />"A"; AUTHORIZING THE MAYOR TO EXECUTE SAID AGREEMENT; <br />PROVIDING THE CITY MANAGER AND THE CITY ATTORNEY WITH <br />THE AUTHORITY TO DO ALL THINGS NECESSARY TO EFFECTUATE <br />THIS RESOLUTION; PROVIDING FOR AN EFFECTIVE DATE. <br /> <br />WHEREAS, the City is in need of additional land for open space/park purposes; and <br /> <br />WHEREAS, the property located at 16050 Collins A venue presents a unique opportunity for <br />the City Commission to purchase additional property for open space/ park purposes; and <br /> <br />WHEREAS, the owner of the property located at 16050 Collins Avenue is willing to accept <br />an offer for the purchase of said property, in the amount of $4,500,000.00 (Four Million Five <br />Hundred Thousand Dollars) with a deposit of$450,000.00 (Four Hundred Fifty Thousand Dollars) <br />which deposit shall be credited against the purchase price at closing, attached hereto as Exhibit "A". <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 Agreement of Purchase and Sale. The Agreement for purchase and sale <br />of real property, located at 16050 Collins Avenue, in the amount of $4,500,000.00 (Four Million <br />Five Hundred Thousand Dollars), with a deposit of $450,000.00 (Four Hundred Fifty Thousand <br />Dollars), which deposit shall be credited against the purchase price at closing, attached hereto as <br />Exhibit "A", be and the same, is hereby approved. <br /> <br />Section 3. Authorization of Mayor. The Mayor is hereby authorized to execute said Agreement of <br />Purchase and Sale. <br /> <br />Section 4. Authorization of City Manager and City Attorney. The City Manager and the City <br />Attorney are hereby authorized to do all things necessary to effectuate the terms of this Resolution. <br /> <br />Page I of2 <br />