Item Coversheet
 AGENDA ITEM REQUEST


Originating Department:  Community Development Department

Item Title:  Termination

Item Number:  4AMeeting Date:  5/10/2016

City Reference Number (C#):  C16095



Item Description:

A Resolution of the City of Sunrise, Florida approving a termination and release of Restrictive (Shared Parking) Covenant between Sunwest Office Park, LLC, AAA Multitrader Corp and the City of Sunrise; and providing for an effective date.




Funding:

N/A



Amount:
N/A



ATTACHMENTS:
Description
COS Resolution - C16095
Exhibit A - Termination and Release of Restrictive Covenant
Request to Terminate



Background:

As part of Sunwest Commerce Center (F/K/A CSG Sunwest) project, Broward Development Associates, LLC and Appy's World International, LLC entered into a Restrictive (Shared Parking) Covenant to accommodate parking.  As successors to the Covenant, Sunwest Office Park, LLC and AAA Multitrader Corp. desire to terminate and release the Covenant as no longer applicable.

 




Department Head Recommendation:
Approval



Person With Additional Information: 
Name: Eric Power, AICP Phone: (954) 746-3291



Department Head Name and Title:
Shannon Ley, P.E., Community Development Director



City Manager:
Authorized for agenda placement