C7K - Decline Right of First Offer 1601 Washington

A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, AUTHORIZING THE CITY MANAGER TO DECLINE, IN WRITING, THE RIGHT OF FIRST OFFER TENDERED TO THE CITY BY GP 1601 OWNER LLC (TENANT) WITH REGARD TO THE PROPOSED SALE TO A QUALIFIED THIRD PARTY BUYER OF TENANT’S LEASEHOLD INTEREST IN THE PROJECT LOCATED AT 1601 WASHINGTON AVENUE (THE PROPERTY) FOR THE TOTAL PURCHASE PRICE OF $57,750,000, SUCH RIGHT OF FIRST OFFER BEING REQUIRED PURSUANT TO SECTION 36.2 OF THE AGREEMENT OF LEASE BETWEEN THE CITY AND TENANT IN RESPECT OF THE PROPERTY.