137-93 RDA
RESOLUTION NO. 137-93
A RESOLUTION OF THE MIAMI BEACH REDEVELOPMENT
AGENCY (THE "AGENCY") AUTHORIZING THE MAYOR
AND CITY CLERK AS CHAIRMAN AND SECRETARY
RESPECTIVELY, OF THE AGENCY, 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),
SAID CLOSING CURRENTLY SCHEDULED FOR OCTOBER
8, 1993; 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.
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 proj ect 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, wi thin 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 Miami Beach
Redevelopment Agency that:
1. The Mayor and city Clerk, as Chairman and Secretary
respectively, of the Agency, are herein authorized to execute
any and all deeds and all necessary documents as may be
required and necessary for the successful closing on the sale
of Parcel One relating to the Redevelopment proj ect being
undertaken by Cobb Partners South Beach, Limited, a Florida
Limited Partnership, as Assignee of and Successor in interest
to Cobb Partners Development, Inc., A Florida Corporation;
said closing currently scheduled for
October 8, 1993; and
2. The City Manager, as Executive Director of the Agency, is
herein directed and authorized to execute any and all
other related closing documents on behalf of the Agency.
PASSED and ADOPTED this
ATTEST:
/':2~;Lt"A A A 2- . !~t~v-
CITY CLERK
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FORM APPROVED
REDEVELOPMENT AGENCY
GENERAL COUNSEL
.......---
By ...i L, v
Date / 'D - I - ~ "1
2
Miami Beach
Redevelopment Agency
1700 Convention Center Drive
Miami Beach, Florida 33139
REDEVELOPMENT AGENCY MEMORANDUM NO. 93-28
October 6, 1993
FROM:
CHAIRMAN AND MEMBERS
OF THE REDEVELOPMENT AGENCY
~~~:~~O~~GO~ / ';j~~ ~ ,,0
SUBJECT: COBB PARTNERS DEVELOPMENT PROJECT/CLOSING ON PHASE ONE
TO:
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 Miami Beach Redevelopment Agency's
Board adopt the attached Resolution authorizing the Mayor and City
Clerk as Chairman and Clerk of the Agency, respectively, to execute
all deed 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.
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