93-20913 Reso RESOLUTION NO. 9;:- 20913
A RESOLUTION OF THE MAYOR AND CITY COMMISSION
OF THE CITY OF MIAMI BEACH, FLORIDA,
AUTHORIZING THE MAYOR AND CITY CLERK TO
EXECUTE ALL DEEDS AND ALL NECESSARY DOCUMENTS
AS MAY BE REQUIRED FOR THE CLOSING ON THE SALE
OF PARCEL ONE CONSISTING OF TWO CITY BLOCKS
DESCRIBED AS BLOCK 78 AND 80, WITHIN THE SOUTH
POINTE REDEVELOPMENT AREA, PREVIOUSLY REFERRED
TO AS THE OLD POLICE STATION SITE (COBB
PROJECT) , CURRENTLY SCHEDULED FOR OCTOBER 8,
1993; FURTHER DIRECTING AND AUTHORIZING THE
CITY MANAGER TO EXECUTE ANY AND ALL OTHER
RELATED CLOSING DOCUMENTS ON BEHALF OF THE
CITY.
WHEREAS, the Miami Beach Redevelopment Agency ("Agency") and
Cobb Partners Development, Inc. ("Cobb") are parties to a Contract
of Purchase and Sale and Cobb Development Agreement, both dated
March 31, 1989, a Contract for Purchase and Sale Modification
Agreement and Modification to Cobb Development Agreement, both
dated October 9, 1989, an Extension and Clarification Agreement
dated February 6, 1991, and a Second Extension and Clarification
Agreement dated June 7, 1993 (collectively, the "Agreements") , all
relating to a Redevelopment Project being undertaken by Cobb
referred to as the 'New Development of the Old Police Station Site,
Miami Beach, Florida (the "Project") ; and
WHEREAS, under the terms of the Agreements, the parties have
agreed to close on the sale of Parcel One, comprising Phase One of
the Project and consisting of two City blocks described as Block 78
and 80, within the South Pointe Redevelopment Area, previously
referred to as the Old Police Station Site, on October 8, 1993 . ,
NOW THEREFORE, BE IT DULY RESOLVED by the Mayor and City
Commission of the City of Miami Beach, Florida, that:
1. The Mayor and City Clerk are herein authorized to execute
all deeds and all necessary documents for the closing on
the sale of Parcel One relating •to the Redevelopment
Project being undertaken by Cobb Partners South Beach,
Limited, a Florida Limited Partnership, as Assignee of
and Successor and interest to Cobb Partners Development,
Inc. , A Florida Corporation; said closing currently
scheduled for October 8, 1993 ; and
2 . The City Manager is herein directed and authorized to
execute any and all other related closing documents on
behalf of the City.
PASSED and ADOPTED this 6/i. day of 0 Aber
I, 1993 .
AA
MAYOR
ATTEST:
ITY CLE K
FORM APPROVED
c:\wp51\data\cobb.res LEGAL DEPT.
By 1,9
Date /i -3d
•
•
OFFICE OF THE CITY ATTORNEY
624
Ica..
waitex
F L O R I D A
ii* i.coee •
LAURENCE FEINGOLD
,y' 9�,, P.O.BOX O
CITY ATTORNEY
*of26'� MIAMI BEACH,FLORIDA 33119-2032
TELEPHONE(305)673-7470
53? Q TELECOPY (305)673-7002
COMMISSION MEMORANDUM NO. _/f
October 6, 1993
TO: MAYOR SEYMOUR GELBER
MEMBERS OF THE CITY COMMIS ION /, /
FROM: LAURENCE FEINGOLD` � �� �'�%l
CITY ATTORNEY
SUBJECT: COBB PARTNERS DEVELOPMENT PROJECT/CLOSING ON PARCEL ONE
Pursuant to the various Agreements governing this Project,
most recently the Second Extension and Clarification Agreement
approved by the Miami Beach Redevelopment Agency Board on June 7,
1993, the Agency and Cobb Partners South Beach, Limited (the
"Developer") agree the closing of title to Parcel One will be on or
before the currently scheduled closing date of October 8, 1993.
It is recommended that the Mayor and City Commission adopt the
attached Resolution authorizing the Mayor and City Clerk as
Chairman and Clerk of the Agency, respectively, to execute all
deeds as may be .required for the currently scheduled October 8,
1993 closing on the sale of Parcel One of the Cobb Project and
further directing and authorizing the City Manager, as Executive
Director of the Agency, to execute any and all other related
closing documents on behalf of the Agency.
LF:jm
c:\wp51\data\cobbmem.com
•
•
82
AGENDA
ITEM
DATE I -L. 13
,70°CONVENTION CENTER DRIVE— FOURTH FLOOR— MIAMI BEACH. FLORIDA 33139