View full title
A Resolution Of The Mayor And City Commission Of The City Of Miami Beach, Florida, Authorizing The City Manager To Decline, In Writing, The Right Of First Offer, As Required Pursuant To Section 36.2 Of The Agreement Of The Lease Dated September 1, 1999 ("ground Lease") Between The City ("owner") And (1) Ng 1601 Washington Ave Llc, A Delaware Limited Liability Company, (2) Jbl 1601 Washington Llc, A Delaware Limited Liability Company, And (3) Review Avenue Miami, Llc, A Delaware Limited Liability Company (collectively, "tenant"), The Current Tenant Under The Ground Lease, Involving The Proposed Sale Of The Leasehold Interest In The Project Located At 1601 Washington Avenue, Miami Beach, Florida, For The Total Purchase Price Of $82,000,000; And Further, Provided (a) That The Administration Confirms After Completion Of Its Due Diligence That Rkr Gaia 2, Llc, Controlled By Robert Rivani, And 1601 Washington Landlord Llc, Controlled By Mathieu Massa, Qualify As Permitted Buyers As Defined In Section 10.3 Of The Ground Lease, (b) That The Tenant Reimburses The City For Its Reasonable Costs In Connection With The Proposed Sale Including, Without Limitation, Reimbursement Of The City's Due Diligence Costs, And (c) That The Tenant And Permitted Buyers Execute The City's Closing Documents, Authorizing The City Manager And City Clerk To Execute Any And All Closing Documents On Behalf Of The City.