1668-49 Economics, Development, & Real Estate 1895-1926 JOHN S. COLLINS, PRES. THOS. J, COAST,
. SECT-TREAS.
•
THE MIAMI BEACH IMPROVEMENT CO
OCEAN FRONT PROPERTY .iimarbt mow
o,... 23rd & Collins Ave.
MIAMI. FLORIDA Mar. 15 , 1919
Mr. Carl G. Fisher, CsC5CV
Miami Beach , Fla.
Dear Mr. Fisher: •
•
Confirming our verbal conversation when Mr. Collins and I called
on you a few days ago , the Miami Beach Improvement Company is
willing to join with you in the forming of a company, said com-
pany to purchase approximately one hundred sixty-five (165) acres
of land from Mr. Richardson at Miami Beach at the price of two
hundred (g200.00) dollars per acre; also to put into this company
approximately three hundred sixty (360) acres of the Miami Beach
Improvement Company' s land adjoining the said Richardson land at
two hundred (C;200:00) dollars per acre.
The object of the new company shall be to develop all this land
by clearing, bulk heading, and filling by suction dredge from Bay
Biscayne.
The Miami Beach Improvement Company agrees to raise for this de-
velopment one hundred thousand ( 100,000.00) dollars, to be paid
approximately ten thousand ($10,000.00) dollars a month as the
work progresses; and Carl G. Fisher to raise the balance necessary
to complete the work, each to hold stock in the new company accord-
ing to the amount invested.
As soon as the Richardson deal is consummated , please have arti-
cles of incorporation prepared for our inspection and approval.
Very truly yours,
The Miami Beach Improvement Co.
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1
Secy-Treas.