CITY OF MIAMI BEACH

Office of the City Manager

2
Letter to Commission No.
m

J3

of the City
Commission Jorge

PALM -

Manager
City
Gonzalez ~#"
~ /'

J6~

Dermer

From: Mayor David

Date:September 11, 2003 Members

ROYAL

2":;
and

M.
U

' 0 RDP

will find the Term

SEPTEMBER 10,2003 TERM SHEET To:Subject:Attached you
the attached
in
as
reflected
Peebl
e
s'
attorney
Don
Sheetforwarded on September 10, 2003 and agreed to by
to Town Park'
e-mail.As this e-mail states, there exits an additional issue related
a
may
require
that
Lease Amendment.
s equity ownership
in the project
calculation comparing the current terms of Agreement,
Additionally, I have attached a NPV
the April 30, 2003 LOI and the original Lease Agreement. We anticipate bringing
LOI based upon the negotiated terms attached to the October

an

2003
15,
City Commission meeting and

have

F:\

the Default declared

by Union

therewith. If

concurrent
you

addressing

any questions,

inthe

meantime,

please

contact

me.

b\
rar
JMG\~

ALL\ L TCcmgn$
Q3\RDP
RoyalPalm TermSheet Sept10. CMC.rar.
Christina M.
doc c:
Cuervo, Assistant

Planters

Cuervo. Christina
Email)
Royal

Hoffman, Sluart [ shoffman@hunlon. com]

10,
Wednesday, September
Cuervo,
AM
58
8:
2003
Christina; Joel N.

Subject:

Peebles ( E- mail);
Richard Mallof (

mail); R. Donahue
Minsker Esq.E(

Palm
From: Sent: To:
this morning and based
l0 vs Christina,
port. 9...in response to your call to me
I had trouble with the
have revised the definition under 5 F.
upon our discussions with Don,I
any problem
system, so your blacklining is still shown and my changes are not, but you should not have
This form is acceptable to
seeing what I did. I made no other changes to the document.
our understanding that
Don and can be represented to the Commission as such subject to

RoyalPalmStatusRe

the Town
issue must
Park 1 %
dealt
be
with.STUART
K.

HOFFMAN, ESQ.
HUNTON &
WILLIAMS

1111
Avenue

Suite

Brickell

2500

810-1603 shoffman@hunton. com www.hunton.com The information in this

(
(
Miami, FL 33131 Tel. 305)
2594 Fax. 305)
810andlor entity(
for the use of the individual( s)
only
intended
confidential
and
electronic message may be privileged
andis
are on notice that any unauthorized
r
e
ci
p
i
e
nt
,
you
intended
you
If
named
not
the
are
entities)
above.

disclosure,copying, distribution, or

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