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98-22751 Reso Incomplete RESOLUTION NO. 98-22751 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA APPROVING AN AMENDMENT TO SETTLEMENT AGREEMENT BETWEEN WEST SIDE PARTNERS, LTD. AND THE CITY OF MIAMI BEACH, ET AL. AND AUTHORIZING THE EXECUTION OF ANY NECESSARY DOCUMENTS. WHEREAS, West Side Partners, Ltd. has heretofore asserted claims against the City of Miami Beach ("City") and the Miami Beach Redevelopment Agency ("RDA") in an Emergency Motion styled, West Side Partners. Ltd.. a Florida Limited Partnershio. Plaintiff vs. City of Miami Beach. Florida. a Florida municioal corporation and the Miami Beach Redevelopment Agency. a Florida municioal aaency organized existing pursuant to the Community Development Act of 1969. Defendants, Case No. 82-24526-CA 30 in the Circuit Court of the Eleventh Judicial Circuit in and for Dade County, Florida (the "Emergency Motion"); and WHEREAS, the City Commission has heretofore approved a Settlement Agreement with respect to the Emergency Motion, pursuant to Resolution No. 98-22718, adopted on April 15, 1998. WHEREAS, the parties have agreed to an amendment to the Settlement Agreement in the form and substance attached hereto as Exhibit "A". NOW, THEREFORE, BE IT DULY RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, as follows: Section 1: That the City Commission approves the Amendment to Settlement Agreement attached hereto as Exhibit "A". Section 2: That the City Commission hereby authorizes the Mayor, City Clerk and other necessary City personnel to execute the Amendment to Settlement Agreement, and such other instruments as may be necessary to carry out the intent of this Resolution. PASSED and ADOPTED this 20th day of May ,1998. ATTEST: 1tf ~J--ftU~ MAYOR CITY CLERK APPROVED AS TO FORM & LANGUAGE & FOR EXECUTION ~~~- :-r't-r1 I':\A TIO\I.EVLlRESO&1 lRIJISE1l1.E2_RES CITY OF MIAMI BEACH ~ITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH, FLORIDA 33139 1ttp:\\cLm iami-beach. fl. us COMMISSION MEMORANDUM NO. 618;-9~ TO: Mayor Neisen 0, Kasdin and Members of the City C ission DATE: May 20, 1998 FROM: Sergio Rodriguez City Manager SUBJECT: A RESO TION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, APPROVING AN AMENDMENT TO SETTLEMENT AGREEMENT BETWEEN WEST SIDE PARTNERS, LTD. AND THE CITY OF MIAMI BEACH, ET AL. AND AUTHORIZING THE EXECUTION OF ANY NECESSARY DOCUMENTS RECOMMENDATION Adopt the Resolution. BACKGROUND On April 15, 1998, the RDAlCity Commission approved a Settlement Agreement with West Side Partners, Ltd. (the Portofino entities). Per Mayor Kasdin's request (see attached), in followup review, it has been determined that it would be in the City's best interest to amend the Settlement Agreement, Paragraph 2.1.3 in order to allow the City, at the City's option, the opportunity to terminate the Agreement. Additionally, the Administration believes that additional time will be necessary in order to complete a concept plan, and to receive all necessary approvals. ANALYSIS: The termination provision should also be extended to the City. The dates for concept plan approval and receipt of final approvals need to be changed to July 31, 1998 and December 31, 1998 respectively. The Amendment is attached to this memorandum for RDAlCommission review, and the section of the Amendment to which reference is made is also attached for informational purposes. CONCLUSION: The Redevelopment Agency Board/City Commission should approve the Resolution. ~ SR:HSM/jph Attachments AGENDA ITEM ~/~ 5-L()-9~ T:\AGENDA \MA Y2098\REGULAR\PORTOFIN.CM DATE CITY OF MIAMI BEACH MEMORANDUM TO: Marla Dumas FROM: Robert Parcher --fi-Ll/-' ~t /ef' City Clerk DATE: May 22, 1998 SUBJECT: Agreement )'\1\ Enclosed are..er-ght settlement agreements between West Side Partners, Ltd. and the City of Miami Beach, for the signatures of the appropriate officials. After obtaining the applicable signatures, please return the documents to the City Clerk's Office, to the attention of Mercy Williams. Subsequently, a fully executed copy will be forwarded to you for your files in addition to a copy of the resolution authorizing said agreements (Resolution No. 292-98, 5/20/98, 2-A). Thank you. RESOLUTION NO. 292-98 A RESOLUTION OF THE CHAIRMAN AND MEMBERS OF THE MIAMI BEACH REDEVELOPMENT AGENCY, APPROVING AN AMENDMENT TO SETTLEMENT AGREEMENT BETWEEN WEST SIDE PARTNERS, LTD. AND THE CITY OF MIAMI BEACH, ET AL. AND AUTHORIZING THE EXECUTION OF ANY NECESSARY DOCUMENTS. WHEREAS, West Side Partners, Ltd. has heretofore asserted claims against the City of Miami Beach ("City") and the Miami Beach Redevelopment Agency ("RDA") in an Emergency Motion styled, West Side Partners. Ltd.. a Florida Limited Partnershio. Plaintiff vs. Citv of Miami Beach. Florida. a Florida municioal corooration and the Miami Beach Redevelooment Agency. a Florida municioal agency organized existina oursuant to the Community Develooment Act of 1969. Defendants, Case No. 82-24526-CA 30 in the Circuit Court of the Eleventh Judicial Circuit in and for Dade County, Florida (the "Emergency Motion"); and WHEREAS, the members of the Miami Beach Redevelopment Agency have heretofore approved a Settlement Agreement with respect to the Emergency Motion, pursuant to Resolution No. 293-98, adopted on April 15, 1998. WHEREAS, the parties have agreed to an amendment to the Settlement Agreement in the form and substance attached hereto as Exhibit "A". NOW, THEREFORE, BE IT DULY RESOLVED BY THE CHAIRMAN AND MEMBERS OF THE MIAMI BEACH REDEVELOPMENT AGENCY, as follows: Section 1: That the RDA approves the Amendment to Settlement Agreement attached hereto as Exhibit "A". Section 2: That the Members of the RDA hereby authorize the Chairman, Secretary and other necessary RDA personnel to execute the Amendment to Settlement Agreement, and such other instruments as may be necessary to carry out the intent of this Resolution. PASSED and ADOPTED this 20th day of May ,1998. ATTEST: j, It fI'~ i! };li. , , ' , CHAIRMAN ~J' PM~ SECRETARY APPROVED AS TO FORM & LANGUAGE _ /~ j & ~ exeCUTION ~ {'-/Y-n ~evelopment Agency Dote ~ General Counsel F:\A 1T(JlLEVI ,\RES()&ORDISETIl.E2.RDA Miami Beach Redevelopment Agency 1700 Convention Center Drive Miami Beach, Florida 33139 Telephone: (305) 673- 7295 Fax: (305) 673- 7772 REDEVELOPMENT AGENCY MEMORANDUM NO, <1 8' -I Co DATE: May 20,1998 TO: Chairman and Members of the Board of the Miami Beach Redevelopment Agency FROM: Sergio Rodriguez Executive Director SUBJECT: A RESOLUTIO E CHAIRMAN AND MEMBERS OF THE MIAMI BEACH REDEVELOPMENT AGENCY, APPROVING AN AMENDMENT TO SETTLEMENT AGREEMENT BETWEEN WEST SIDE PARTNERS, LTD. AND THE CITY OF MIAMI BEACH, ET AL. AND AUTHORIZING THE EXECUTION OF ANY NECESSARY DOCUMENTS RECOMMENDATION Adopt the Resolution. BACKGROUND On April 15, 1998, the RDAlCity Commission approved a Settlement Agreement with West Side Partners, Ltd. (the Portofino entities). Per Mayor Kasdin's request (see attached), in followup review, it has been determined that it would be in the City's best interest to amend the Settlement Agreement, Paragraph 2.1.3 in order to allow the City, at the City's option, the opportunity to terminate the Agreement. Additionally, the Administration believes that additional time will be necessary in order to complete a concept plan, and to receive all necessary approvals. ANALYSIS: The termination provision should also be extended to the City. The dates for concept plan approval and receipt of final approvals need to be changed to July 31, 1998 and December 31, 1998 respectively. The Amendment is attached to this memorandum for RDAlCommission review, and the section of the Amendment to which reference is made is also attached for informational purposes. S()UTtl V()I~~ Vedeve'cpment Uistrict f Agenda Item 2 A l?ede~ Date 5-20-92 CONCLUSION: The Redevelopment Agency Board/City Commission should approve the Resolution. SR:~h Attachments T:\AGENDA\MA Y2098\RDA\PORTOFIN.RDA AMENDMENT TO SETTLEMENT AGREEMENT WHEREAS, that certain Settlement Agreement by and among the City of Miami Beach, Florida, a Florida municipal corporation (the "City"), the Miami Beach Redevelopment Agency, a Florida public agency organized and existing pursuant to the Community Redevelopment Act of 1969, Chapter 163, Part III, Florida Statutes, as amended (the "Redevelopment Agency"), and West Side Partners, Ltd., a Florida limited partnership ("West Side"), was approved by the City on April 15, 1998 (the "Settlement Agreement"); WHEREAS, the City, the Redevelopment Agency and West Side wish to amend the Settlement Agreement pursuant to the terms and conditions of this Amendment to Settlement Agreement (the "Amendment"). NOW, THEREFORE, in consideration of the mutual covenants contained in the Settlement Agreement and in this Amendment, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree to amend Paragraph 2.1.3 to read as follows: 2. 1.3 In the event that all of the Development Approvals, for any reason, have not been obtained on or before July 31, 1998 and/or the Final Approvals have not been obtained by December 31, 1998 or, in the event that any of the required Development Approvals have been denied by the City or the Redevelopment Agency, then the City, at the City's option, after the occurrence of any of said events, but not prior to June 1, 1999, or West Side, at West Side's option, at any time after the occurrence of any of said events, may elect to terminate this Agreement by written notice of termination to the other party, whereupon all of the provisions and obligations of the parties under this Agreement shall fully terminate and be null and void except for the approval of the Zoning Map Amendment and the approval of the Comprehensive Plan Amendments, as described in subparagraphs (i) and (iii) above, which shall survive the termination of this Agreement, and that all other Development Approvals which have been adopted shall be treated by the City, the Redevelopment Agency and West Side as revoked and of no further force and effect. West Side, the City and the Redevelopment Agency agree to promptly execute and deliver to each other such other documentation as may be required to confirm the foregoing, and the parties shall otherwise be restored to the condition that existed prior to the date of execution of this Agreement, without prejudice to West Side or any other Portofino Entity to apply to the City and/or the Redevelopment Agency for reconsideration of any of the Development Approvals which were denied, or which were terminated in connection with the termination of this Agreement, upon proper written notice, as if this Agreement never existed, with the further understanding that the applications for Development Approvals shall not be terminated in connection with the termination of this Agreement, and shall be treated in the same fashion as if this Agreement never existed. The provisions of this Paragraph 2.1.3 shall survive the termination of this Agreement. (l^~ EXECUTED as ofthe.~ day of 1998, in several counterparts, each 2 of which shall be deemed an original, but all constituting only one agreement.. Signed, sealed and delivered in the presence of: CITY OF MIAMI BEACH, FLORIDA, a municipal corpor tion /, . :>0.. lc C:///(L)/i>. ..<L By: ~Jr,~' \J I:'{!!!J/; ~ ~~. Name: ., \w/' :v THE MIAMI BEACH REDEVELOPMENT AGENCY, a public agency organized and existing pursuant to the Community Redevelopment Act of 1969, as amended, Chapter 163, III Florida Statutes '.1:.', -: . /}.'~.:~H ~~~;-~ By: Name: V\ Title: Chairman Attest:jUb ~ P CIA tk Name: R. 0 B bt'l- r P AfL(l HM1- Title: C-/ T'1 e..LCd-nk:- APPROVED AS TO FORM & LANGUAGE & FOR EXECUTION APPROVED /4S TO FORM & LANGUAGE & FOR EXECUTION n ,.~ ~ /' City AHorne /{l//b/rj Oo~e /tI~/'i~ Dote 3 WEST SIDE PARTNERS, LTD., a Florida limited partnership By: WEST SIDE PARTNERS, INC., a Florida corporation, Gener I I By: Name: Title: T, I<rtHMeil- P~t5C;(J&/vr 4 JOINDER The undersigned MIAMI BEACH MARINA ASSOCIATES, LTD., a Florida limited pax.ership, aJt~na Le~see, hereby joins in and consents to the foregoing Amendment this .~ day of . 1998. WITNESS: L~ P- .~ N:6~RUbln j Name: Carter N~ MIAMI BEACH MARINA ASSOCIATES, LTD., a Florida limited partnership By: SoBe Marine, Inc., a Florida corporation, general partner By' JOINDER The undersigned, as thi owner of the Alaska Parcel, hereby joins in and consents to the foregoing Amendment this~ day of ~ 1998. EAST COASTLINE DEVELOPMENT, LTD., a Florida limited partnership ~uf )lLL .~ By: EAST COASTLINE, ~ c., a Florida corporat7ion~ Part~ "~~ /// /# /~c:::..~/// By: ~ C/ / ;< es (J &/Lt: { JOINDER The undersigned, ~;~wner 0 he Hinson Parcel, hereby joins in and consents to the foregoing Amendment this . day of -. 1998. \./ .f j LA:~.--"" L--/ ~, COAST DEVELOPMENT, LTD., a Florida limited partnership '--------- /'" By: AZURE COAST, INj:;;;' a Florida corporation, General pa. rt r.." <#~....~~~.., //~..../'"._._" By ,/~~/ p!Z f?5 {c! t:Jvr JOINDER The undersigned, as the owner and/or lessee of the those certain lots located in Blocfl5 ~ and Block 52 (the "Lots"), hereby joins in and consents to the foregoing Amendment this..;{G'''oay of ~ 1998. Sandpoint Financial Ltd., a Florida limited partnership Na By: Sa~dpoint (l1i~~cial Cor~o;aiton, a Florida corporatlOn, Gehefal:--Partner //-;.:?' // ....:;;~~-~ / -~ //------ / / ~ / By: / / / / f;z/ &~<; ( J ~/v V- ~~ JOINDER The undersigned HELLER FINANCIAL, INe., aj)LI Ct (,)(1 (L. corporation, as the holder of the leasehold mortgage encumbering the Marina Lease, and recorded in Official Records Book 17673, Page 2862 of the Public Records of Dade County, Florida hereby joins in and consents to the foregoing Amendment this 12lr-dayof Oc..-t-~ \o-{..- , 1998. HELLER FINANCIAL, INe., a --D.f i (~kl(t1r~~ corporation By: Name: Title: MlA9801/32200-3