LTC 053-2005 Royal Palm Closing
CITY OF MIAMI BEACH
Office of the City Manager
Letter to Commission No. 053-2005
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From:
Mayor David Dermer and
Members of the City Commission
Jorge M. Gonzalez ~. .."..-
City Manager ,J
ROYAL PALM C SING
Date: February 22, 2005
To:
Subject:
The purpose of this LTC is to advise you that the Royal Palm closing was completed today
and the City received a wire transfer of $12,562,277.98, representing the purchase price
pursuant to the Lease (effective closing date of 2/22/05) and $150,000 as reimbursement
for attorneys fees.
If you have any questions, please contact me.
JMG\C~\rar
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c: Murray H. Dubbin
Christina M. Cuervo
Tim Hemstreet
Raul Aguila
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