RESOLUTION 88-19471 RESOLUTION NO. 88--19471
A RESOLUTION OF THE CITY COMMISSION OF THE
CITY OF MIAMI BEACH, FLORIDA DECLARING CERTAIN
PROPERTIES TO BE SURPLUS; AUTHORIZING THE CITY
MANAGER TO NEGOTIATE AND PREPARE, IN A FORM
ACCEPTABLE TO THE CITY ATTORNEY, A PURCHASE
AND SALE AGREEMENT AND ALL DOCUMENTS NECESSARY
TO CARRY OUT THE CLOSING OF A SALE OF SEVEN
(7) CITY OF MIAMI BEACH--OWNED PROPERTIES ON
FISHER ISLAND TO ISLAND DEVELOPERS, LTD. , A
FLORIDA LIMITED PARTNERSHIP; AND AUTHORIZING
THE MAYOR TO EXECUTE SAID PU RCHA.S E AND SALE
AGREEMENT AND ALL DOCUMENTS NECESSARY TO CARRY
OUT THE CLOSING OF SAID SALE.
WHEREAS, the City of Miami Beach. (the "City") is the Owner
of the following described properties (the "Properties") :
Lot 16 of Block 3 ; Lots 26, 27 and 39 of Block
4 ; Lot 11 of Block 6; and Lots 21 and 22 of
Block 7 ; all located within COMMERCIAL
SUBDIVISION OF HARBOR TERMINAL according to
the plat thereof, recorded in Plat Book 23 at
Page 67 of the Public Records of Dade County.
WHEREAS, the subject Properties are vacant and of little use
to the City to the extent that they are separated from the Ci try
by Covernment Cut, the provision of services to the Properties by
the City would be extremely expensive and not cost effective, and
the City has no need for the subject Properties; and subject
Properties are surplus to the needs of the City; and
WHEREAS, on or about November 29, 1988, Island Developers
Ltd. ("Island Developers") , the developers of the Fisher Island
community, appeared before the City' s Land Use Subcommittee and
offered to purchase the above-described properties for a sum of
$826 , 000; and
WHEREAS, Island Developers subsequently met with i-ilterested
Miami Beach citizens and agreed to modify its offer and now is
willing to pay $826, 000 for the purpose of these properties ; and
WHEREAS, said price represents more than the highest price
paid for the purchase and sale of any of the other residential
lots located within said subdivision; and
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WHEREAS the sale of said lots to Island Developers, Ltd. ,
was favorably recommended by the Land Use Subcommittee; and
WHEREAS, the City believes that the sale of said lots is in
the best interest of the citizens of Miami Beach and, therefore,
wishes to sell the properties to Island Developers for the stated
sum of $826, 000 ("Stated Sum") ; and
WHEREAS, in order to accomplish such sale, a Purchase and
Sale Agreement and all documents necessary to close such sale
must be negotiated, prepared and executed by the City.
NOW, THEREFORE, BE IT DULY RESOLVED BY THE CITY COMMISSION
OF THE CITY OF MIAMI BEACH, FLORIDA, the following:
Section 1: The foregoing recitations are incorporated
herein by reference.
Section 2 : Lot 16 of Block 3 ; Lots 26, 27, and 39 of Block
4 ; Lot 11 of Block 6; and Lots 21 and 22 of Block 7 ; all located
within the COMMERCIAL SUBDIVISION OF HARBOR TERMINAL, according
to the plat thereof, as recorded in Plat Book 23 at Page 67 of
the Public Records of Dade County, Florida are hereby declared
surplus property for the reasons stated herein.
Section 3 . The City Manager is hereby authorized to
negotiate and prepare, in a form that is acceptable to the City
Attorney, a Purchase and Sale Agreement as well as all documents
necessary to carry out the closing of the sale by and between the
City and island Developers, Ltd. for the purchase of the subject
Properties, at the Stated Sum of $826, 000, by Island Developers,
Ltd.
Section 4 : The Mayor is hereby authorized to execute the
Purchase and Sale Agreement for and on behalf of the City, as
well as all documents necessary to carry out the closing of the
sale by and between the City and Island developers, Ltd. for the
purchase of the subject Properties, at the Stated Sum of
$826, 000, by Island Developers, Ltd.
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Section 5. Said Purchase and Sale Agreement and all other
documentation shall be in a form acceptable to the City Attorney.
PASSED AND ADOPTED this 9th day of I- emb-r, 1988 .
Ade:/11( //' A" /4
MAYOR
ATTEST:
77 /
4-i' 14/
CITY CLERK
FORM APPROVED:
LEGAL DEPARTMENT
DATE: GU ®'
0306891
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ORIGINAL
RESOLUTION NO. 88-19471
Authorizing the City Manager to negotiate
and prepare, in a form acceptable to the
City Attorney, a purchase and sale agree-
ment and all documents necessary to carry
out the closing of a sale of seven (7)
City of Mi-ami Beach-Owned Properties on
Fisher Island to Island Developers, Ltd. ,
a Florida limited partnership; and autho-
rizing the Mayor to execute said purchase
and sale agreement and all documents nec-
essary to carry out the closing of said
sale.