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Master Report
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File Number: 11-00817
File Type: Resolution
Version: 2 Reference:
Status: Returned to
Department
Controlling Body: City Commission
File Name: Settlement Agrmt. - Olympia Building Partnership Introduced: 8/25/2011
Requester: Office of the City Attorney Cost: Final Action:
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE CITY MANAGER TO
EXECUTE A SETTLEMENT AGREEMENT AND ALL NECESSARY DOCUMENTS, IN A FORM
ACCEPTABLE TO THE CITY ATTORNEY, TRANSFERRING THE MANAGEMENT AND
POSSESSION OF RESIDENTIAL AND COMMERCIAL PROPERTY LEASED TO THE OLYMPIA
BUILDING PARTNERS, LTD., BACK TO THE CITY OF MIAMI; MAINTAINING THE
RESIDENTIAL PROPERTY AS AFFORDABLE HOUSING AT LEAST THROUGH MAY 5, 2015;
TRANSFERRING ANY OPERATING CASH IN DEFENDANT'S POSSESSION LESS $15,000 FOR
ITS FINAL FINANCIAL AUDIT; CONTINUING DEFENDANT'S PAYMENTS ON COMMUNITY
DEVELOPMENT LOANS UNTIL SUCH TIME AS THE TRANSFER OF POSSESSION TAKES
PLACE; TRANSFERRING OR CANCELING ALL SERVICE CONTRACTS UPON REVIEW OF THE
DEPARTMENT OF PUBLIC FACILITIES, IN FULL AND COMPLETE SETTLEMENT OF ANY
AND ALL CLAIMS AND DEMANDS AGAINST OLYMPIA BUILDING PARTNERS LTD., IN THE
CASE OF CITY OF MIAMI VS. OLYMPIA BUILDING PARTNERSHIP, LTD., IN THE CIRCUIT
COURT OF THE ELEVENTH JUDICIAL CIRCUIT IN AND FOR MIAMI-DADE COUNTY,
FLORIDA, CASE NO. 03-28667-CA-27.
Sponsors:
Notes:
Indexes:
Attachments: 11-00817 Memo - Office of the City Attorney.pdf,11-00817 Legislation.pdf,11-00817 Legislation
(Version 2) 10/13/11.pdf,
History of Legislative File
Version: Acting Body: Date: Action: Sent To: Due Date: Return Date: Result:
2 Office of the City 9/23/2011 Reviewed and
Attorney Approved
Action Note: MODIFICATIONS MADE BY LAW
2 City Commission 9/27/2011 DEFERRED Pass
2 City Commission 10/13/2011 WITHDRAWN Pass
City of Miami Page 1 Printed on 7/30/2024