City of Coral Gables

File #: 15-3937    Version: 1 Name: Azul & Company-4520 Ponce
Type: Resolution Status: Adopted
File created: 5/1/2015 In control: City Commission
On agenda: 5/12/2015 Final action: 5/12/2015
Enactment date: 5/12/2015 Enactment #: 2015-77
Title: A Resolution authorizing entering into a settlement and release agreement with Azul and Company, Inc., Maria J. De Caires and Oscar Murphy with regard to City owned property at 4520 Ponce De Leon Blvd, Coral Gables, Fl.; and authorizing an amendment to the Fiscal Year 2014-2015 Annual Budget to reduce the rent revenue/contingencies budgets, and to transfer funds from Special Revenue Fund Balance and appropriate such funds to put toward the cost of the settlement. (This is the former DMV building. It is consistent with the FPL settlement agreement and will allow passport operations to relocate with ample off-street parking for customers.)
Attachments: 1. Signed Resolution 2015-77.pdf, 2. H-3 Signed Cover Memo, 3. Resolution 5.12.15 (Azul Comp Settlement Agreement), 4. SETTLEMENT AND RELEASE AGREEMENT-Signed by Tenant, 5. Verbatim Transcript - CCMtg May 12 2015 - Agenda Item H-3 - Reso entering into settlement and release agreement with Azul and Co and relocate passport operations
Title
A Resolution authorizing entering into a settlement and release agreement with Azul and Company, Inc., Maria J. De Caires and Oscar Murphy with regard to City owned property at 4520 Ponce De Leon Blvd, Coral Gables, Fl.; and authorizing an amendment to the Fiscal Year 2014-2015 Annual Budget to reduce the rent revenue/contingencies budgets, and to transfer funds from Special Revenue Fund Balance and appropriate such funds to put toward the cost of the settlement.  (This is the former DMV building.  It is consistent with the FPL settlement agreement and will allow passport operations to relocate with ample off-street parking for customers.)
Body
[Replace with BRIEF HISTORY/SUMMARY]