054-1999 LTC
CITY OF MIAMI BEACH
CITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH, FLORIDA 33139
http:\\ci.miami-beach.fl.us
Corrected
L.T.C. No. 54-1999(a)
LETTER TO COMMISSION
March 4, 1999
TO: Mayor Neisen O. Kasdin and
Members of the City C mmission
SUBJECT: ALASKA P
FROM: Sergio Rodriguez
City Manager
At the February 17, 1999, City Commission Meeting, the Administration provided a status report
to the City Commission on the City's efforts to acquire the Alaska Parcel. It was reported and
recommended at that meeting that a final report be presented to the City Commission on March 17,
1999. This recommendation was based upon the assumption that Final Approvals, as defined in the
Settlement Agreement, would have to be granted on or before February 17, 1999.
We have just been notified that Final Approvals have been granted as of March 1, 1999. As a result,
a revised timeline is attached, as Exhibit 1, that reflects the expiration of the Due Diligence period,
based upon a March 10, 1999 "Effective Date," defined as the execution date ofthe Contract for Sale
and Purchase, on April 24, 1999. Therefore, it is recommended that the Administration report back
to the City Commission on April 1999 vs. March 17, 1999.
The revised timeframe will:
1. Afford the residents in the area additional time to formulate a special assessment proposal
to the City to contribute towards the purchase of the Alaska Parcel; and
2. Will not expose the City to any risk as the revised Due Diligence expiration date, as a result
of the delays in Final Approvals, is April 24, 1999.
Based on the foregoing, if you do not concur with the recommendation to delay the final report to
April 1999, as opposed to March 17, 1999, please advise me prior to March 8, 1999.
In the meantime, if you have any questions or concerns, please contact me.
SR:cU/8;jph
Attachment
F:ICMGRI$ALLIL TC99IALAS-COR,WPD
CITY OF MIAMI BEACH
CITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH, FLORIDA 33139
http:\\ci.miami-beach.fl.us
L.T.C. No. 54-1999
LETTER TO COMMISSION
March 2, 1999
TO: Mayor Neisen O. Kasdin and
Members of the City Commission
FROM: Sergio Rodriguez
City Manager
SUBJECT: ALASKA PARCEL
At the February 17, 1999, City Commission Meeting, the Administration provided a status report
to the City Commission on the City's efforts to acquire the Alaska Parcel. It was reported and
recommended at that meeting that a final report be presented to the City Commission on March 17,
1999. This recommendation was based upon the assumption that Final Approvals, as defined in the
Settlement Agreement, would have to be granted on or before February 17, 1999.
We have just been notified that Final Approvals have been granted as of March 1, 1999. As a result,
a revised timeline is attached, as Exhibit 1, that reflects the expiration of the Due Diligence period,
based upon a March 10, 1999 "Effective Date," defined as the execution date ofthe Contract for Sale
and Purchase, on April 24, 1999. Therefore, it is recommended that the Administration report back
to the City Commission on April 21, 1999 vs. March 17, 1999.
The revised time frame will:
1. Afford the residents in the area additional time to formulate a special assessment proposal
to the City to contribute towards the purchase of the Alaska Parcel; and
2. Will not expose the City to any risk as the revised Due Diligence expiration date, as a result
of the delays in Final Approvals, is April 24, 1999.
Based on the foregoing, if you do not concur with the recommendation to delay the final report to
April 21, 1999, as opposed to March 17, 1999, please advise me prior to March 8, 1999.
In the meantime, if you have any questions or concerns, please contact me.
SR:CMC/jph
(),)lL-
Attachments
F:ICMGRI$ALLIL TC99IALASKA WPD
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