106-91 RDARESOLUTION NO.
106-91
A RESOLUTION OF THE MIAMI BEACH REDEVELOPMENT
AGENCY APPROVING A SETTLEMENT OF ALL OF THE MIAMI
BEACH MARINA LITIGATION, AUTHORIZING THE CHAIRMAN
AND THE SECRETARY TO EXECUTE A SETTLEMENT AGREEMENT
WITH CARNER-MASON ASSOCIATES, LTD., TALLAHASSEE
BUILDING CORPORATION AND HELLER FINANCIAL, INC.,
AND AUTHORIZING THE CHAIRMAN AND THE SECRETARY TO
JOIN IN THE FIRST AMENDMENT TO THE MARINA LEASE
BETWEEN THE CITY OF MIAMI BEACH AND TALLAHASSEE
BUILDING CORPORATION FOR THE LIMITED PURPOSE SET
FORTH THEREIN AND TO EXECUTE ANY AND ALL OTHER
DOCUMENTS TO EFFECTUATE THE SETTLEMENT.
WHEREAS, on October 9, 1991, the Miami Beach Redevelopment
Agency approved in concept a settlement of all litigation
pertaining to the Miami Beach Marina; and
WHEREAS, the parties to the settlement have negotiated a
Settlement Agreement; and
WHEREAS, the City of Miami Beach and Tallahassee Building
Corporation have negotiated a First Amendment to the Marina Lease,
which provides for the limited joinder of the Miami Beach
Redevelopment Agency; and
WHEREAS, the Executive Director and the Agency's General
Counsel recommend the execution of the Settlement Agreement and the
limited joinder to the First Amendment to the Marina Lease.
NOW, THEREFORE, BE IT DULY RESOLVED BY THE MIAMI BEACH
REDEVELOPMENT AGENCY, that:
1)
The settlement of the Miami Beach Marina litigation is
hereby approved.
2)
The Chairman and the Secretary of the Agency are hereby
authorized and instructed to execute the Settlement
Agreement, the limited joinder to the First Amendment to
the Marina Lease, copies of which are attached hereto,
and any and all other documents which are necessary to
effectuate the Settlement.
PASSED and ADOPTED this 23rd day of October
, 1991.
ATTEST:
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