HomeMy WebLinkAboutR-95-0766J-95-1048
10/26/95
J6- T 6 G
RESOLUTION NO.
A RESOLUTION RELATED TO THE ACQUISITION OF
GRANITE MANAGEMENT CORPOR.ATION'S INTEREST IN
THE PROPERTY LOCATED AT 1000 SOUTH MIAMI
AVENUE, MIAMI, FLORIDA, F/K/A FIRE STATION
NO. 4, 'THEREBY AMENDING RESOLUTION NO. 95-300
TO: (1) REFLECT THAT GRANITE MANAGEMENT
CORPORATION IS THE SUCCESSOR -IN -INTEREST OF
GRANITE MANAGEMENT AND DISPOSITION, INC.; AND
(2) INDICATING AN ACTUAL PAYMENT OF
$253,706.94 TO SAID SUCCESSOR -IN -INTEREST;
FURTHER. AUTHORIZING THE DIRECTOR OF FINANCE
TO MAKE PAYMENTS NECESSARY FOR RELATED
CLOSING COSTS IN THE AMOUNT OF $63,144.14;
ALLOCATING FUNDS THEREFOR FROM THE INTERNAL
SERVICE FUND - SELF INSURANCE RISK MANAGEMENT
DIVISION, PROJECT NO. 515001, INDEX CODE
NO. 6201.03, FOR SAID PAYMENTS.
BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI,
FLORIDA:
Section 1. Resolution No. 95-300, adopted October 26,
1995, is hereby amended in the following particulars:l/
Section 2. The Director of Finance is hereby
authorized to pay Granite Management Corporation
successor -in -interest of Granite Management and
Disposition, Inc., which was in turn the
successor -in -interest to First Nationwide Bank, the sum
of $399, 900 _253,706.94, upon the execution of an
appropriate closing documents by Gicanite
Management and Dispesitien , ine . Granite Management
Corporation, e€ transferring all of its right, title
and interest in the real and personal property located
at 1000 South Miami Avenue, Miami, Florida, f/k/a Fire
Words and/or figures stricken through shall be deleted.
Underscored words and/or figures shall be added. The
remaining provisions are now in effect and remain unchanged.
Asterisks indicate omitted and unchanged material.
CITY COMMISSION
MEETING OF
0 C T 2 6 J995
Rnaolution ,NO,
95- 766
Station No. 4, including but not limited to the Lease
Agreement between the City of Miami and Ladder Company
No. 4, Ltd., the Note and Mortgage documents executed
by Ladder Company No. 4, Ltd., and the Subordination
Agreement executed by the City and subject to the
condition that Granite Management Corporation_ provide
the City of Miami with a marketable and insurable title
to the property, free and clear of all claims, except
the interests of the City of Miami and Dade Heritage
Trust, with funds therefor hereby allocated from the
Hof —ins ee--aim---fin idr anee--T ru " Fun Internal
Service Fund - Self -Insurance Risk Management Division,
Project No. 515001, Index Code No. 620103.
Section 2. The Director of Finance is hereby authorized
to make payments necessary for related closing costs in the
amount of $63,144.14, with funds therefor hereby allocated from
the Internal Service Fund Self -Insurance Risk Management
Division, Project No. 515001, Index Code No. 620103, for said
payments.
Section 3. This Resolution shall become effective
immediately upon its adoption.
PASSED AND ADOPTED this 26th day of October 1995.
ATTEST: NIEPHEN P. CLARK, MAYOR
1� el-
WALTER J . ! yP'8 , CITY CLERK
PREPARED AND A�P,.PROVED BY:
WA EN BIT'INER
ASSTANT CITY ATTORNEY
499:BSS
APPROVED AS TO FORM AND
CORRECTNESS:
95- 766