193-95 RDA
RESOLUTION NO. 193-95
A RESOLUTION OF THE MIAMI BEACH REDEVELOPMENT
AGENCY ("AGENCY") AUTHORIZING THE CHAIRMAN AND
SECRETARY TO EXECUTE THE ATTACHED CONTRACT
PROVIDING FOR THE PURCHASE BY THE AGENCY OF
THE GROUND LEASEHOLD INTEREST IN THE
SHORECREST HOTEL, 1535 COLLINS AVENUE, MIAMI
BEACH, FLORIDA, WHICH PERTAINS TO A
REDEVELOPMENT PROJECT WITHIN THE CITY LIMITS,
AND AUTHORIZING THE AGENCY TO TAKE ALL
INCIDENTAL ACTIONS IN CONNECTION THEREWITH.
WHEREAS, the Shorecrest Hotel, 1535 Collins Avenue, Miami Beach, Florida has
been identified as a portion of the site upon which an African-American owned hotel will
be built; and
WHEREAS, the hotel will promote convention center and other tourism business
in the City of Miami Beach; and
WHEREAS, as with the acquisition of real estate in connection with the hotel project
being negotiated with Loews Hotel Corp" the Agency desires to acquire the land where
the African-American hotel project will be built to facilitate the development of the hotel
project; and
WHEREAS, the ownership of the Shorecrest Hotel consists of a fee simple and a
ground leasehold interest; and
WHEREAS, the Shorecrest Hotel is located within a redevelopment district within
the City limits,
NOW, THEREFORE, BE IT DULY RESOLVED BY THE MIAMI BEACH
REDEVELOPMENT AGENCY that the Chairman and Secretary are authorized to execute
the attached contract providing for the purchase by the Agency of the fee simple interest
in the Shorecrest Hotel, 1535 Collins Avenue, Miami Beach, Florida, which pertains to a
redevelopment project within the City limits, and the Agency is authorized to take all
incidental actions in connection therewith.
PASSED and ADOPTED THIS 18th
ATTEST:
~~L.~
SECRETARY
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FORM APPROVED
REDEVELOPMENT AGENCY
GENERAL COUNSEL ~
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Miami Beach
Redevelopment Agency
1700 Convention Center Drive
Miami Beach, Florida 33139
Telephone: (305) 673-7193
Fax: (305) 673-7772
REDEVELOPMENT AGENCY MEMORANDUM 95-05
January 18, 1995
FROM:
Chairman and Members of the Board
of the Miami Beach Redevelopment Agency L. . 4
Roger M. Carltonl~ Laurence Fein d ~ ~A
Executive Direct~ General Cou ~
TO:
SUBJECT: RESOLUTIONS OF THE MIAMI BEACH REDEVELOPMENT AGENCY
AUTHORIZING THE CHAIRMAN AND SECRETARY TO EXECUTE
CONTRACTS TO PURCHASE THE FEE SIMPLE INTEREST IN THE
SHORECREST HOTEL, 1535 COLLINS AVENUE, MIAMI BEACH,
FLORIDA AND THE GROUND LEASEHOLD INTEREST IN THE
SHORECREST HOTEL, 1535 COLLINS AVENUE, MIAMI BEAC~,
FLORIDA, WHICH PERTAIN TO A REDEVELOPMENT PROJECT
WITHIN THE CITY LIMITS, AND TO AUTHORIZE THE AGENCY TO
TAKE ALL INCIDENTAL ACTIONS IN CONNECTION THEREWITH
RECOMMENDATION:
The Administration and the General Counsel recommend that the Miami
Beach Redevelopment Agency authorize the Chairman and the Secretary
to execute contracts to (1) purchase the fee simple interest in the
Shorecrest Hotel, 1535 Collins Avenue, Miami Beach, Florida; and
(2) to purchase the ground leasehold interest in the Shorecrest
Hotel, 1535 Collins Avenue, Miami Beach, Florida,
BACKGROUND:
The Shorecrest Hotel has been identified as a portion of the site
upon which an African-American owned hotel will be built. As with
the acquisition of the real estate in connection with the hotel
project being negotiated with Loews, the Agency desires to acquire
the land in order to facilitate the development of the hotel
project.
The ownership of the Shorecrest Hotel consists of a fee simple and
a ground leasehold interest. Therefore, it is necessary to execute
two contracts for the purchase.
S()UTIi V()I~
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CIIT CI:~V
l2edevel{)pment [)I~~t
AGENDA ITEM 2-L
January 18, 1995 .
CONCLUSION:
It is jointly recommended by the Administration and the General
Counsel that the Miami Beach Redevelopment Agency authorize the
Chairman and Secretary to execute contracts to purchase the fee
simple interest in the Shorecrest Hotel and the ground leasehold
interest in the Shorecrest Hotel which pertain to a redevelopment
project within the City limits, and to authorize the Agency to take
all incidental actions in connection therewith.
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