Resolution 6089 RESOLUTION NO. 6089
WHEREAS, Mt . Sinai Hospital has presented to the City
Council of the City of Miami Beach, Florida, an offer to purchase
the Alton Road Hospital, together with the vacant lot to the South,
and together with all the personal property and equipment now
in the buildings, which said offer of purchase reads as follows,
to-wit :
"August 13, 1946
Members of the City Council
City of Miami Beach
Miami Beach, Florida
Gentlemen:
On behalf of TMit. Sinai Hospital, we hereby offer to purchase
the Alton Road Hospital from the City of Miami Beach, on the fol-
lowing terms and conditions :
1. Mt. Sinai Hospital will buy the Alton Road Hospital from the
City, together with the vacant lot to the South, and together with
all the personal property, and equipment , now in the buildings for
the sum of ;3100,000.00, subject to a first mortgage in the approxi-
mate sum of ?2'7,000.00. We will pay a minimum amount of X25,000.00
in cash, and the balance by the execution of a Purchase money mort-
gage, payable in one, two, three, four and five years, with interest
at 3% per annum, payable semi-annually. We reserve the right, how-
ever, to pay the difference in cash at the time of closing instead
of the purchase money mortgage. It is understood that any credits
or refunds secured from the Navy will either be credited to us or
returned to us at the time settlement is made.
2. We propose to operate the hospital as a non-secretarian hospital
open to all Doctors on Miami Beach in good standing in the Dade
County Medical Association. We further agree to operate the hospital
until the new Mt . Sinai is in operation. If the new Mt. Sinai is
built elsewhere than on Miami Beach, we agree
(a) To give the City the first refusal of the buildings at such
price as may be offered by others, and
(b) In the event the City does not exercise the option contaire d
in (a) , then we agree to return to the City any moneys received
from the sale in excess of the _Present purchase price Plus the de-
preciated cost of improvements.
3. The hospital will be operated on a non-profit basis . We will
make available 25% of the beds in the hospital to low income groups.
We propose to provide the best hospital facilities attainable for
the type of structure, and to put a capable Director in charge.
4. We will rehabilitate the hospital and refurnish whatever is
necessary and open it up to the public as soon as the necessary im-
provements can be completed, and the necessary equipment installed.
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5. We understand that the insurance on the property at the present
time consists of ; 60,000.00 fire on the building and ,30,000.00
wind; 44,000.00 fire on the furniture and 07,000.00 wind. It is
understood that the insurance will be pro-rated at the time of clos-
ing.
We will be ready to close the transaction as soon as the City is in
a position to deliver title.
Very truly yours,
BARON de HIRSCH MEYER
President Mt. Sinai Hospital
BdeHM/mmg"
NOW, THEREFORE, BE IT RESOLVED by the City Council
of the City of Miami Beach, Florida, that said offer to purchase
be and the same is hereby accepted.
BE IT FURTHER RESOLVED that the Mayor and City Clerk
be and they are hereby authorized and directed to execute such in-
struments as may be necessary to carry out the purposes of this
Resolution.
PASS ,.7 and ADOPT10 this 21st day of August, A. D.
1946.
—ika. ' / 11„,,
Liayor
AttestC. W.__T-9 LIRSML __
C tv Clerk
By
Deputy City Clerk
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