HomeMy WebLinkAboutR-88-0133J-88-126
2/1/S8
RESOLUTION NO. 98-133
A RESOLUTION CONSENTING TO THE TRANSFER OF
MR. RAUL MASVIDAL'S LIMITED PARTNERSHIP
INTEREST IN BAYSIDE CENTER LIMITED
PARTNERSHIP TO MR. NATAN ROK, PURSUANT TO
SECTION 5.3 OF THE AMENDED AND RESTATED LEASE
AGREEMENT (RETAIL PARCEL) BETWEEN BAYSIDE
CENTER LIMITED PARTNERSHIP AND THE CITY OF
MIAMI DATED OCTOBER 17, 1985, AND SECTION 5.3
OF THE LEASE AGREEMENT (PARKING GARAGE)
BETWEEN BAYSIDE CENTER LIMITED PARTNERSHIP
AND THE CITY OF MIAMI DATED JANUARY 14, 1985.
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY
OF MIAMI, FLORIDA:
Section 1. The City Commission and the City Manager hereby
consent to the transfer of Mr. Raul Masvidal's Limited
Partnership interest in Bayside Center Limited Partnership to Mr.
Natan Rok, pursuant to Section 5.3 of the Amended and Restated
Lease Agreement (Retail Parcel) between Bayside Center Limited
Partnership and the City of Miami dated October 17, 1985, and
Section 5.3 of the Lease Agreement (Parking Garage) between
Bayside Center Limited Partnership and the City of Miami dated
January 14, 1985.
PASSED AND ADOPTED this 18th day of February , 1988.
XAVIER L. SU E , MAYOR
ATTE /
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WT-TY HIRAI, CITY CLERK
PREPARED AND APPROVED BY:
Z�j/ /i lido �
G. MIR AM MAER, ASSISTANT CITY AT
FORM AND CORRECTNESS;
LUC7/A( A. DOUGHEWY,
CITY COMMISSION
MEETING OF
FEB 181988
RESOLUTION No. 880"133
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I REMARKS:
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CITY OF MIAMI, FLORIDA
INTEROFFICE MEMORANDUM
TO; Honorable Mayor and Members
of the City Commission
FROM. Cesar ' H. Odi
City Manager
RECOMMMMATION
DATE: !" F ^ QRR PILE:
24
SUBJECT: Bayside Center Limited Partnershi
REFERENCES: Resolution for City Commission
Meeting of February 18, 1988
ENCLOSURES:
Resolution
It is respectfully recommended that the City Commission adopt the
attached resolution consenting to the transfer of Mr. Raul
Masvidal's limited partnership interest in Bayside Center Limited
Partnership to Mr. Natan Rok.
BACKGROUND
On January 14, 1988, the City Commission passed a motion
consenting to the request of Mr. Raul Masvidal regarding the
transfer of his Bayside Center Limited Partnership interest to
Mr. Natan Rok.
Sections 5.3 of both the Retail Parcel Amended and Restated Lease
Agreement dated October 17, 1985, and the Parking Garage Lease
Agreement dated January 14, 1985, between Bayside Center Limited
Partnership and the City, allow for a transfer of limited
partnership interest with the approval of the City.
The minority participation in ownership requirements of the
Retail Parcel and Parking Garage Lease Agreements have been met
by the limited partnership interest transfer to Mr. Natan Rok, as
Mr. Rok is also an Hispanic American.
It is recommended that the attached resolution be adopted at the
February 18, 1988, City Commission meeting consenting to the
transfer of the Bayside Center Limited Partnership interest from
Mr. Raul Masvidal to Mr. Natan Rok.
AB-133: