Reso 2011-1735 - Laserfiche WebLink

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NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF SUNNY ISLES BEACH, FLORIDA, AS FOLLOWS: Section 1. Approval of Ground Lease and Development Agreement and Design-Build Agreement. The Ground Lease and Development Agreement, and Design-Build Agreement between the City of Sunny Isles Beach and 4M Investors, LLC, attached hereto as Exhibits "A" and "B", are hereby approved in substantially the same form with the final contracts to be approved by the City Commission within thirty (30) days. The contract price for Design-Build Agreement must not exceed a net Ten Million, Seven Hundred Thousand Dollars ($ I 0,700,000.00), unless approved by the City Commission. Section 2. Authorization of City Manager and City Attorney. The City Manager and City Attorney are authorized to negotiate a final Ground Lease and Development Agreement, and Design- Build Agreement between the City of Sunny Isles Beach and 4M Investors, LLC. Section 3. Authorization of City Manager and City Attorney. The City Manager and City Attorney are hereby authorized to do all things necessary to finalize negotiations relating to the Ground Lease and Development Agreement and Design-Build Agreement, attached hereto as Exhibits "A" and "B", in substantially the same form, and effectuate this Resolution. Section 4. Effective Date. This Resolution will become effective upon adoption PASSED AND ADO PTED this 15th day of June 201 I. ATTEST: ~~L Jane . Hmes, CMC, CIty Clerk , APPROVEB~S TO FORM AND S ,FFICIENCY: Moved by: \J\C.~ M~oe. \~U:CZ- Seconded by: COMW\\ c;.<;. \ or-l t::;(l- 4A1'TO Vote: S-o Mayor Edelcup Vice Mayor Thaler Commissioner Aelion Commissioner Gatto Commissioner Scholl / (Yes) ~(Yes) ./ (Yes) --Y(Yes) /(Yes) _(No) _(No) _(No) (No) _(No) R201 1- 4M Investors Agmts Page 2 01'2