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HomeMy WebLinkAbout2024-086-2160_-_Miami_Gardens_V._BSD_of_Miami_Gardens_LLC_-_Adopted.docxRESOLUTION NO. 2024-086-2160 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MIAMI GARDENS, AUTHORIZING THE RESOLUTION OF LITIGATION RELATING TO AN ESCROW DEPOSIT IN THAT CERTAIN CASE STYLED CITY OF MIAMI GARDENS V. BSD OF MIAMI GARDENS LLC AND WILLIAM SEGAL, P.A., CASE NO. 2023-019286-CA-01; PROVIDING FOR INSTRUCTIONS TO THE CITY ATTORNEY AND THE CITY MANAGER; PROVIDING FOR THE ADOPTION OF REPRESENTATIONS; PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, City Attorney is recommending that the City Council authorize the City Attorney and City Manager to resolve the litigation relating to an escrow deposit in the lawsuit styled City of Miami Gardens v. BSD of Miami Gardens LLC and William Segal, P.A., Case No. 2023-019286-CA-01, and WHEREAS, the City and BSD of Miami Gardens LLC (“BSD”) entered into a Redevelopment Agreement (“Agreement”) regarding the development of the property owned by BSD located at 17300 NW 7th Ave, Miami Gardens (Parkway Hospital site), and WHEREAS, pursuant to the Agreement, BSD would pay an agreed amount to the City in exchange for the release of liens held by the City and deposit Six Hundred and Fifty Thousand Dollars ($650,000.00) as cash collateral, and WHEREAS, BSD was to obtain a temporary or final certificate of use within thirty- three (33) months of the Agreement, and if BSD obtained the temporary or final certificate of use by the deadline, the Escrow Agent was to disburse the sum of One Hundred and Fifty Thousand Dollars ($150,000.00) to the City and the remaining balance to BSD, and WHEREAS, if BSD did not timely obtain the certificate of use, the Escrow Agent was to disburse the full Six Hundred and Fifty Thousand Dollars ($650,000.00) to the City, and WHEREAS, BSD paid the agreed upon amount to release the liens however prior to the thirty-three (33) month deadline, BSD sold the property to the Haimov Group, and WHEREAS, the City notified BSD and the Escrow Agent of the failure to obtain the certificate of use and demanded disbursement of the Six Hundred and Fifty Thousand Dollars ($650,000.00) cash collateral pursuant to the Agreement, however, BSD objected and the Escrow Agent refused to disburse the funds, and WHEREAS, City Attorney commenced litigation against BSD and the Escrow Agent arising from the parties’ refusal to release the cash collateral deposit, and DocuSign Envelope ID: 1E36E065-F8E9-4857-A154-E2DF774B14F3 Page 2 of 3 Resolution No. 2024-086-2160 WHEREAS, the City Attorney is recommending that the City Council authorize the City Attorney and City Manager to resolve the litigation by having the current escrow agent release the sum of Five Hundred and Eighty-Two Thousand and Five Hundred Dollars ($582,500.00) to the City and the remaining Sixty-Seven Thousand and Five Hundred Dollars ($67,500) to BSD, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF MIAMI GARDENS, FLORIDA AS FOLLOWS: Section 1: ADOPTION OF REPRESENTATIONS: The foregoing Whereas paragraphs are hereby ratified and confirmed as being true, and the same are hereby made a specific part of this Resolution. Section 2: AUTHORIZATION: The City Council of the City of Miami Gardens hereby authorizes a resolution of litigation relating to an escrow deposit in that certain case styled City of Miami Gardens v BSD of Miami Gardens LLC and William Segal, P.A., Case No. 2023-019286-CA-01 by directing that the current escrow agent release the sum of Five Hundred and Eighty-Two Thousand and Five Hundred Dollars ($582,500.00) to the City and release the remaining Sixty-Seven Thousand and Five Hundred Dollars ($67,500) to BSD. The City Council further authorizes the City Attorney and City Manager to take all steps necessary for this purpose. Section 3: EFFECTIVE DATE: This Resolution shall take effect immediately upon its final passage. PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF MIAMI GARDENS AT ITS REGULAR MEETING HELD ON JUNE 12, 2024. ________________________________ RODNEY HARRIS, MAYOR ATTEST: ________________________________ MARIO BATAILLE, CMC, CITY CLERK PREPARED BY: SONJA KNIGHTON DICKENS, CITY ATTORNEY SPONSORED BY: CAMERON BENSON, CITY MANAGER DocuSign Envelope ID: 1E36E065-F8E9-4857-A154-E2DF774B14F3 Page 3 of 3 Resolution No. 2024-086-2160 Moved by: Councilman Stephens Seconded by: Councilman Leon VOTE: 6-0 Mayor Harris Yes Vice Mayor Wilson Yes Councilwoman Campbell Yes Councilwoman Ighodaro Yes Councilwoman Julien Absent Councilman Leon Yes Councilwoman Stephens, III Yes DocuSign Envelope ID: 1E36E065-F8E9-4857-A154-E2DF774B14F3