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<br />RESOLUTION NO. 2011- -1..J...B..3 <br /> <br />A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF <br />SUNNY ISLES BEACH, FLORIDA, RESCINDING RESOLUTION NO. <br />2011-1750 ADOPTED ON JULY 21, 2011, AND RESOLUTION NO. 2011- <br />1776 ADOPTED ON SEPTEMBER 15,2011, APPROVING A LETTER OF <br />INTENT BETWEEN THE CITY OF SUNNY ISLES BEACH AND THE <br />WEINTRAUB COMPANIES FOR THE PURCHASE OF 18080 COLLINS <br />AVENUE ("ALAMO PROPERTY"); AUTHORIZING THE CITY <br />MANAGER TO DO ALL THINGS NECESSARY TO EFFECTUATE THIS <br />RESOLUTION; PROVIDING FOR AN EFFECTIVE DATE. <br /> <br />WHEREAS, the City Commission is desirous of continuing to develop public <br />facilities/amenities to further the development of the City as a growing residential population and <br />top tourist destination; and <br /> <br />WHEREAS, in February 2008, the City acquired the Alamo site located at 18080 Collins <br />Avenue (the "Alamo site") for anticipated future growth of municipal programs; and <br /> <br />WHEREAS, on July 21, 2011 via Resolution No. 2011-1750, the City Commission <br />approved a Letter of Intent with The Weintraub Companies to purchase the Alamo property in the <br />amount of Seven Million Five Hundred Thousand Dollars ($7,500,000.00), to create a first class <br />executive and professional office building; and <br /> <br />WHEREAS, on September 15, 2011 via Resolution No. 2011-1776, the City <br />Commission approved an updated Letter of Intent provided by The Weintraub Companies due to <br />a change in the terms of the Agreement; and <br /> <br />WHEREAS, the City Commission now wishes to rescind Resolution No. 2011-1750 and <br />Resolution No. 2011-1776 in order to negotiate with other developers regarding the property at <br />18080 Collins Avenue. <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. Rescind Resolution No. 2011-1750 and Resolution No. 2011-1776. Resolution <br />No. 2011-1750 and Resolution No. 2011-1776 approving a Letter of Intent by The Weintraub <br />Companies regarding the property at 18080 Collins Avenue are hereby rescinded. <br /> <br />Section 2. Authorization of City Manager. The City Manager is hereby authorized to do all <br />things necessary to effectuate this Resolution. <br /> <br />R2011- Rescind R2011-1750 & R2011-1776 Weintraub Co <br /> <br />Page 1 of2 <br />