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~ Master Report
File Number: 9090
Revision:
Enactment Number: R-21-0290
File Type: Resolution
File Name: Direct City Attorney - Charter Amendment - Miami
Marine Stadium Marina
Requesting Dept: Commissioners and Mayor
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Status: ADOPTED
Controlling Body: City Commission
Introduced: 5/18/2021
Final Action Date: 7/8/2021
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION DIRECTING THE CITY
ATTORNEY TO PREPARE AN AMENDMENT TO THE CHARTER OF THE CITY OF
MIAMI, FLORIDA, AS AMENDED ("CITY CHARTER"), FOR CONSIDERATION AT A
SPECIAL ELECTION SCHEDULED FOR NOVEMBER 2, 2021 PROPOSING TO
AMEND SECTION 29-B OF THE CITY CHARTER, TITLED "CITY -OWNED PROPERTY
SALE OR LEASE - GENERALLY," TO AUTHORIZE THE CITY COMMISSION, BY A
FOUR -FIFTHS (4/5THS) AFFIRMATIVE VOTE, TO WAIVE COMPETITIVE BIDDING
AND AUTHORIZE THE CITY MANAGER TO NEGOTIATE AND EXECUTE A GROUND
LEASE AND MASTER DEVELOPMENT AGREEMENT, IN A FORM ACCEPTABLE TO
THE CITY ATTORNEY, BETWEEN THE CITY OF MIAMI ("CITY") AND BISCAYNE
MARINE PARTNERS, LLC (D/B/A "MARINA PARC") FOR APPROXIMATELY TWENTY
SEVEN (27) ACRES OF CITY -OWNED PROPERTY (INCLUDING UPLANDS AND
SUBMERGED LANDS) IN VIRGINIA KEY AND LOCATED GENERALLY AT 3301, 3307,
3605, AND 3501 RICKENBACKER CAUSEWAY, MIAMI, FLORIDA AND IDENTIFIED
AS FOLIO NOS. 01-4217-000-0020, 01-4218-000-0030, 01-4218-000-0031, 01-4218-
000-0010, AND 01-4217-000-0030 ("DEMISED PROPERTY") FOR AN INITIAL TERM
OF FORTY FIVE (45) YEARS WITH TWO (2) FIFTEEN (15) YEAR RENEWAL TERMS,
WITH THE CUMULATIVE TERM, INCLUSIVE OF BOTH RENEWALS, NOT TO
EXCEED SEVENTY-FIVE (75) YEARS, AND PROVIDING FOR AN ANNUAL BASE
RENT EQUAL TO THE GREATER OF (A) FAIR MARKET VALUE AS DETERMINED BY
TWO (2) INDEPENDENT STATE CERTIFIED APPRAISERS OR (B) TWO MILLION
FIVE HUNDRED THOUSAND DOLLARS ($2,500,000.00), PLUS A PERCENTAGE
RENT EQUAL TO SIX PERCENT (6%) OF THE GROSS REVENUES GENERATED
FROM WET SLIP AND DRY STORAGE, SIX PERCENT (6%) OF GROSS REVENUES
GENERATED FROM FUEL SALES, AND FOUR PERCENT (4%) OF GROSS
REVENUES GENERATED FROM SUBLEASE INCOME AND OTHER INCOME -
GENERATING SOURCES RECEIVED FROM THE PROJECT, PLUS ANY RENT
INCREASES AND/OR ADDITIONAL RENTS NEGOTIATED BY THE PARTIES;
AUTHORIZING THE USE OF THE DEMISED PROPERTY FOR A MIXED -USE
WATERFRONT FACILITY INCLUDING, BUT NOT LIMITED TO, MARINAS,
BOATYARD, DOCK MASTER'S OFFICES, SHIP'S STORES, DRY RACK BOAT AND
OTHER VESSEL STORAGE, WET SLIP DOCKS, RESTAURANTS, RETAIL, FUEL
FACILITIES, AND OTHER RECREATIONAL AND MARINE RELATED USES, WITH
RESTRICTIONS, REVERSIONS, AND RETENTION BY THE CITY OF ALL OTHER
RIGHTS.
Sponsor(s): Commissioner Ken Russell
Notes:
Links:
Attachments:
City of Miami Page 1 of 2 Printed on: 712012021
CON OF�City of Miami
Master Report
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Enactment Number: R-21-0290
History of Legislative File:
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Revision: Acting Body: Date: Action: Result:
Victoria Mendez
5/18/2021
Approved Form and
Completed
Correctness
City Commission
5/27/2021
Meeting
Completed
City Commission
5/27/2021
DEFERRED
Passed
City Commission
5/27/2021
RECONSIDERED
Passed
City Commission
5/27/2021
CONTINUED
Passed
Victoria Mendez
6/15/2021
Approved Form and
Completed
Correctness
City Commission
6/24/2021
Meeting
Completed
City Commission
6/24/2021
DEFERRED
Passed
City Commission
7/8/2021
Meeting
Completed
City Commission
7/8/2021
ADOPTED
Passed
Mayor's Office
7/19/2021
Unsigned by the Mayor
Completed
City Clerk's Office
7/19/2021
Signed and Attested by the City
Completed
Clerk
City Clerk's Office
7/19/2021
Rendered
Completed
City of Miami Page 2 of 2 Printed on: 712012021