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Doral council directs staff to finalize $21 million settlement and property purchase in long-running litigation
Summary
Council authorized city attorneys and the city manager to complete negotiations on the Doral 10 LLC settlement and purchase after discussing mitigation-credit assignments and permitting details; council members said closing by March 19 was a priority.
The Doral City Council on March 12 authorized the city manager and city attorney to finalize settlement documents and purchase agreements with Doral 10 LLC, a resolution that formalizes a negotiated settlement to long-running litigation and includes a purchase of property and additional fees.
City Attorney Mr. Lorenzo explained that council previously approved a term sheet in February and that attorneys have since negotiated a purchase and settlement agreement. He said the settlement total discussed on the record is approximately $21 million, which combines a roughly $17.0 million land purchase figure…
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