C7BT - Settle Claim, Allow Seawall Replacement

A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, APPROVING THE SETTLEMENT OF A CLAIM, IN THE AMOUNT OF $150,000.00, TO BE PAID TO GOLDWATER REALTY II, INC, OWNER OF THE PROPERTY LOCATED AT 1741 ALTON ROAD (PRIVATE PROPERTY); AND FURTHER, AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE A SETTLEMENT AGREEMENT AND ANY OTHER DOCUMENTS RELATED TO THE SETTLEMENT, SAID SETTLEMENT AGREEMENT AUTHORIZING THE PRIVATE PROPERTY OWNER TO UTILIZE THE SETTLEMENT PROCEEDS TO REPLACE THE CITY’S SEAWALL AT LENOX COURT, LOCATED ALONG THE COLLINS CANAL AND ADJACENT TO THE PRIVATE PROPERTY.