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<br />Preview <br /> <br />Page 1 of I <br /> <br /> <br />City of Sunny Isles Beach <br />18070 Collins Avenue <br />Sunny Isles Beach, Florida 33160 <br /> <br />(305) 947-0606 City Hall <br />(305) 949-3113 Fax <br /> <br />ME~lQRA.~DlIM <br /> <br />TO: <br /> <br />The Honorable Mayor and City Commission <br /> <br />FROM: <br /> <br />Alan 1. Cohen, City Manager <br /> <br />DATE: <br /> <br />9/15/2011 <br /> <br />RE: <br /> <br />Resolution Approving the Updated Letter of Intent with The Weintraub <br />Companies <br /> <br />RECOMMENDA TION: <br /> <br />Adopt the Resolution approving the updated Letter of Intent from The Weintraub <br />Companies for the purchase of 18080 Collins Avenue. <br /> <br />REASONS: <br /> <br />On July 21, 20 II via Resolution No. 2011-1750, the City Commission approved a Letter <br />of Intent with The Weintraub Companies to purchase the Alamo property at 18080 <br />Collins A venue, in an amount of $7.5 Million to create a first class executive and <br />professional office building. Due to a change in the terms of the Agreement, an updated <br />Letter of Intent has been provided by the Weintraub Companies. <br /> <br />ADDITIONAL INFORMATION: <br /> <br />The updated Letter of Intent will be provided to you. <br /> <br />A TT ACHMENTS: <br />. Resolution <br /> <br />http://sibagenda.sibflnet/agenda/Preview.aspx?ItemID=60 1 &MeetingID=O&MeetingDate=... 9/9/2011 <br />