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<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. Approval of Ground Lease and Development Agreement and Design-Build <br />Agreement. The Ground Lease and Development Agreement, and Design-Build Agreement between <br />the City of Sunny Isles Beach and 4M Investors, LLC, attached hereto as Exhibits "A" and "B" in an <br />amount not to exceed Ten Million, Seven Hundred Thousand Dollars ($10,700,000.00), are hereby <br />approved. . <br /> <br />Section 2. Authorization of Mayor. <br />Agreements. <br /> <br />The Mayor IS hereby authorized to execute said <br /> <br />Section 3. Authorization of City Manager and City Attornev. The City Manager and City <br />Attorney are hereby authorized to .do all things necessary to effectuate this Resolution. <br /> <br />Section 4. <br /> <br />Effective Date. This Resolution will become effective upon adoption <br /> <br /> <br />. \ <br /> <br />..~.A:~ <br /> <br />Jane A. Hines, CMC, City Clerk <br /> <br /> <br />Moved by: Ylc,e M~o",T~'i-~ <br />Seconded by: ~ ~~ I n":>CU~ ~"'1'T1) <br /> <br />Vote: S 'b <br /> <br />Mayor Edelcup <br />Vice Mayor Thaler <br />Commissioner Aelion <br />Commissioner Gatto <br />Commissioner Scholl <br /> <br />~(Yes) <br />---.JL:(Y es ) <br />--lL.(Y es) <br />~(Yes) <br />~(Yes) <br /> <br />_(No) <br />_(No) <br />_(No) <br />_(No) <br />_(No) <br /> <br />RlOI 1- 4M Investors Agmts Final <br /> <br />Page 2 of2 <br />