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58-88 RDARE~OLUWION NO, 58-88 A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF MIAMI BEACH, FLORIDA, AUTHORIZING ACCEPTANCE OF A SETTLEMENT OFFER WITH JOSEPH A. NEVEL IN THE AMOUNT OF $115,000 FOR THE ACQUISITION OF EAST 60 FEET OF LOT 1, BLOCK 78, OCEAN BEACH ADDITION NO. 3, PLAT BOOK 2, PAGE 81, PUBLIC RECORD8 OF DADE COUNTY, FLORIDA, AT 154 MERIDIAN AVENUE FOR THE NEW RESIDENTIAL DEVELOPMENT AT THE OLD POLICE STATION SITE IN THE SOUTH POINTE REDEVELOPMENT AREA. BE IT RESOLVED BY THE REDEVELOPMENT AGENCY OF THE CITY OF MIAMI BEACH, FLORIDA; WHEREAS, Blocks 78 and 80 of Ocean Beach Addition No. 3 in the South Pointe Redevelopment Area have been identified as a suitable redevelopment site for the construction of attractively- designed residential units; and, WHEREAS, the Redevelopment Agency has prepared a request for proposals from developers for redevelopment of the entire two- block site; and, WHEREAS, the assembly of the privately-owned parcels included within the two-block site need to be concluded within a reasonable period of time and at a reasonable price through negotiations with owners of said parcels for the purpose of obtaining purchase options; and, WHEREAS, the Redevelopment Agency of the City of Miami Beach adopted Resolution No. 48-87 on December 23, 1987, authorizing the Executive Director to negotiate options on privately-owned parcels within Block 78 and 80 of Ocean Beach Addition No. 3; and, WHEREAS, representatives of the Executive Director have negotiated an option and an offer for sale of $115,000 for the described property; and, WHEREAS, the funding for the acquisition is to be taken from the Redevelopment Agency Operating Account. NOW, THEREFORE, BE IT RESOLVED BY THE REDEVELOPMENT AGENCY OF THE CITY OF MIAMI BEACH, FLORIDA, THAT: 1. The recommendation of the Executive Director and staff as to the purchase price of $115,000 for east 60 feet of Lot 1, Block 78, Ocean Beach Addition No. 3, Plat Book 2, Page 81, Public Records of Dade County, Florida, for the new residential development at the Old Police Station Site in the South Pointe Redevelopment Area is hereby accepted and approved. 2. Funds in the amount of $115,000 for this acquisition are to be taken from the Redevelopment Agency Operating Account. PASSED and ADOPTED this 22nd day of September , 1988. ATTEST: AGENCY SECRETARY Form approved by Legal Dept.