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Reso 11025 \ .::s.,~ ',..,. ___ ..~,*r- .~ RESOLUTION NO. 11025 WHEREAS, the city of Miami Beach has instituted, and there is now pending an Eminent Domain proceeding in the Dade county circuit court for the acquisition by the city of Lots 1-3 inclusive of Block 9 and Lots 1 and 2 of Block 8, Altos Del Mar #1, plat Book 31, page 40, and WHEREAS, extensive negotiations have since been had with TWo Seventy Sixth Street, Inc., the owner of Lot 1 and the North ~ of Lot 2 of Block 9, and of Lots 1 and 2 of Block 8 and the inter- vening portion of Airoso or Atlantic Way of said Subdivision for the purchase thereof, and WHEREAS, the owner has agreed to sell said described land for the sum of TWo Hundred Forty One Thousand six Hundred Fifty ($241,650.00) Dollars, said amount having been reached on the basis of the following: Land (inclusive of Architect's, Engineer's and similar costs to owner) $215,000.00 Attorneys' Fees (Kelly, Page & Black, and Ernest London) Appraiser's Fee (T. W. Slack) 10,750.00 450.00 Appraiser's Fee (Marion McCUne) 450.00 Peck & Higgins, Mortgage Broker's Claim 12,000.00 3,000.00 Frank Rooney construction Co. Claim TOTAL $241,650.00 WHEREAS, the city council, after considering said offer, has determined that it is to the best interests of the city and its residents to accept said offer, rather than to proceed with said condemnation proceedings, and WHEREAS, the city Attorney has prepared an Agreement for the purchase of said land in accordance with the foregoing, and the City council being familiar with the provisions thereof, NOW, THEREFORE, BE IT DULY RESOLVED BY THE CITY COUNCIL OF THE CITY OF MIAMI BEACH, FLORIDA, that said Contract for the purchase of said land for the sum of TWo Hundred Forty One Thousand six Hundred Fifty Dollars ($241,650.00) as aforesaid be and the same is hereby approved and agreed to and the Mayor and the city Clerk ~e and they are hereby authorized and directed to execute -1- '::It ...., '-\, ,0 .'" for and in the name of the City the said Agreement hereinabove described and prepared by the City Attorney, and the appropriate financial and disbursing officials of the City of Miami Beach be and they are hereby directed to pay and disburse the sums specified and set forth in said Agreement. PASSED and ADOPTED this 3rd day of July, 1963. A~~..__ / city lerk . -2-