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HomeMy WebLinkAboutR-93-0264J-93-303 4/15/93 RESOLUTION NO. 9 3 r 264 A RESOLUTION APPROVING THE WITHDRAWAL OF TWO LIMITED PARTNERS, NAMELY, RICHARD WILES AND SHARI WILES, FROM THE GUSMAN CENTER PARTNERS, LTD., A FLORIDA LIMITED PARTNERSHIP (THE "PARTNERSHIP"); APPROVING A TRANSFER OF STOCK AMONG THE SHAREHOLDERS OF SEABOARD CAPITAL INC., (THE "SEABOARD") ONE OF THE LIMITED PARTNERS OF GUSMAN CENTER PARTNERS, LTD. TO ALLOW THE WITHDRAWAL OF PATRICK GALLAGHER, THE MAJORITY STOCKHOLDER OF THE SEABOARD, AND THE ADDITION OF DANIEL MONES, A LIMITED PARTNER IN THE PARTNERSHIP, AS MAJORITY STOCKHOLDER OF THE SEABOARD; FURTHER APPROVING THE NECESSARY RESTRUCTURING OF THE PARTNERSHIP RESULTING FROM SUCH WITHDRAWALS AND TRANSFERS. WHEREAS, the City Commission determined in October, 1992, that it is advantageous to the City to redevelop the City -owned Olympia Building containing approximately 45,000 square feet as a unified development project, and authorized the issuance of a request for proposals, selected a certified public accounting firm and appointed members of a review committee; and WHEREAS, a sole proposal from Gusman Center Partners, Ltd., a Florida limited partnership (the "Partnership"), was received by Miami Parking System in response to the request for proposals on January 22, 1993, the published date for receipt of proposals; and CP1'Y COMMISSION MEETING OF APR 15 1993 P49duum NO. 93- 264 J-93-303 4/15/93 93264 RESOLUTION NO. A RESOLUTION APPROVING THE WITHDRAWAL OF TWO LIMITED PARTNERS, NAMELY, RICHARD MILES AND _— SHARI WILES, FROM THE GUSMAN CENTER PARTNERS, LTD., A FLORIDA LIMITED PARTNERSHIP (THE "PARTNERSHIP"); APPROVING A TRANSFER OF STOCK AMONG THE SHAREHOLDERS OF SEABOARD CAPITAL INC., (THE "SEABOARD") ONE OF THE LIMITED PARTNERS OF GUSMAN CENTER PARTNERS, LTD. TO ALLOW THE WITHDRAWAL OF PATRICK GALLAGHER, THE MAJORITY STOCKHOLDER OF THE SEABOARD, AND THE ADDITION OF DANIEL MONES, A LIMITED PARTNER IN THE PARTNERSHIP, AS MAJORITY STOCKHOLDER OF THE SEABOARD; FURTHER APPROVING THE NECESSARY RESTRUCTURING OF THE -_ PARTNERSHIP RESULTING FROM SUCH WITHDRAWALS AND TRANSFERS. =- WHEREAS, the City Commission determined in October, 1992, that it is advantageous to the City to redevelop the City -owned Olympia Building containing approximately 45,000 square feet as a unified development project, and authorized the issuance of a request for proposals, selected a certified public accounting firm and appointed members of a review committee; and WHEREAS, a sole proposal from Gusman Center Partners, Ltd., a Florida limited partnership (the "Partnership"), was received by Miami Parking System in response to the request for proposals on January 22, 1993, the published date for receipt of proposals; and Cm COMKISSION 111pESiNa OF APR 15 1993 Itmiudw no. 93- 264 WHEREAS, on April 15, 1993, the Partnership requested that the City Commission approve the withdrawal of two limited partners and the transfer of stock and consequent restructuring of one of the other limited partners, namely: Seaboard Capital, Inc., a Florida corporation, from the Partnership; I OWr THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDAs Section 1. The recitals and findings contained in the - Preamble to this Resolution are hereby adopted by reference - thereto and incorporated herein as if fully set forth in this - Section. Section 2. The withdrawal of two limited partners, namely, Richard Wiles and Shari Wiles, from the Gusman Center Partners, Ltd., a Florida Limited Partnership (the "Partnership") is hereby approved. Section 3. A transfer of stock among the shareholders of Seaboard Capital Inc., a Florida corporation, (the "Seaboard") one of the limited partners of the Partnership, to allow the withdrawal of Patrick Gallagher, the majority stockholder of the Seaboard, and the addition of Daniel Mones, a limited partner in the Partnership, as majority stockholder of the Seaboard, is hereby approved. Section 4. The necessary restructuring of the Partnership resulting from said withdrawals and transfers is hereby approved. - Section 5. This Resolution shall become effective = immediately upon its adoption. - -2- 93-- 264 r A MATTY HIRAI CITY CLERK PREPARED AND APPROVED BYt = G. MIRIAM MAER CHIEF ASSISTANT CITY ATTORNEY APPROVED AS TO FORM AND CORRECTNESS2 A. Q N I I CITY A PEY r 1993.