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Master Report
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File Number: 12027
Revision: A
Enactment Number: R-22-0262
File Type: Resolution
File Name: Ballot Charter Amendment - Hyatt JLKC Lease &
Redevelopment
Requesting Dept: Department of Real Estate and Asset
Management
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Status: ADOPTED WITH
MODIFICATION(S)
Controlling Body: City Commission
Introduced: 5/24/2022
Final Action Date: 7/28/2022
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
APPROVING, SETTING FORTH, AND SUBMITTING TO THE ELECTORATE A
PROPOSED AMENDMENT TO THE CHARTER OF THE CITY OF MIAMI, FLORIDA, AS
AMENDED ("CHARTER"), KNOWN AS CHARTER AMENDMENT NO. 1; AMENDING
SECTION 29-B OF THE CHARTER, TITLED "CITY -OWNED PROPERTY SALE OR
LEASE GENERALLY," TO AUTHORIZE THE CITY COMMISSION BY FOUR -FIFTHS
(4/5THS) AFFIRMATIVE VOTE, TO WAIVE COMPETITIVE BIDDING AND EXECUTE
AN AMENDED AND RESTATED LEASE WITH THE EXISTING TENANT, HRM OWNER
LLC ("TENANT"), TO PROVIDE A NEW 99-YEAR TERM AND EXPAND THE LEASE TO
INCLUDE THE EXISTING HYATT HOTEL AND JAMES L. KNIGHT CONVENTION
CENTER PROPERTY AT 298, 300, 330, & 400 SOUTHEAST 2ND AVENUE
(COLLECTIVELY, "PROPERTY"), PROVIDING FOR THE REDEVELOPMENT OF THE
PROPERTY TO INCLUDE AT LEAST A 615 KEY HOTEL, 188,000 SQUARE FEET OF
CONVENTION/MEETING SPACE, 682 APARTMENTS, PARKING, ADDITIONAL
PUBLIC OPEN SPACE, AND AN EXPANDED PUBLIC RIVERWALK, ALL AT NO COST
TO THE CITY, FOR NO LESS THAN FAIR MARKET VALUE RENT, CONSISTING OF
THE GREATER OF PARTICIPATION RENT EQUAL TO 2.5% OF GROSS REVENUES
OR AN INCREASE OF MINIMUM RENT FROM $250,000.00 TO $2,500,000.00
ANNUALLY, AND FURTHER PROVIDING THAT TENANT SHALL MAKE A MINIMUM
$25,000,000.00 AFFORDABLE HOUSING CONTRIBUTION, WITH RESTRICTIONS,
REVERSIONS, AND RETENTION BY THE CITY OF ALL OTHER EXISTING CITY
RIGHTS; CALLING FOR A REFERENDUM AND PROVIDING THAT THE CHARTER
AMENDMENT NO.1 WILL BE SUBMITTED TO THE ELECTORATE AT THE
REFERENDUM SPECIAL ELECTION TO BE HELD CONCURRENTLY WITH THE
GENERAL ELECTION ON NOVEMBER 8, 2022; DESIGNATING AND APPOINTING
THE CITY CLERK AS THE OFFICIAL REPRESENTATIVE OF THE CITY COMMISSION
WITH RESPECT TO THE USE OF VOTER REGISTRATION BOOKS AND RECORDS;
FURTHER DIRECTING THE CITY CLERK TO CAUSE A CERTIFIED COPY OF THE
HEREIN RESOLUTION TO BE DELIVERED TO THE SUPERVISOR OF ELECTIONS
OF MIAMI-DADE COUNTY, FLORIDA NOT LESS THAN FORTY-FIVE (45) DAYS
PRIOR TO THE DATE OF SUCH ELECTION; FURTHER DIRECTING THE CITY
MANAGER TO USE GOOD FAITH EFFORTS TO BRING BEFORE THE COMMISSION
FOR 4/5THS APPROVAL A FULLY NEGOTIATED LEASE AGREEMENT, ALL IN A
FORM ACCEPTABLE TO THE CITY ATTORNEY ON OR BEFORE THE DECEMBER 8,
2022 REGULAR CITY COMMISSION MEETING, SUBJECT TO APPROVAL BY THE
ELECTORATE ON NOVEMBER 8, 2022; PROVIDING AN IMMEDIATE EFFECTIVE
DATE FOR THIS RESOLUTION.
Notes:
City of Miami Page 1 of 2 Printed on: 8/9/2022
CON ��F�.�, City of Miami City Hall
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Miami, FL 33133 www.miamig
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Enactment Number: R-22-0262
Links:
Attachments: 12027 Exhibit B (PDF)
12027 Back -Up Documents (PDF)
12027 Exhibit A (OBSOLETE) (PDF)
12027 Submittal -Brett Bibeau-Miami River Commission Letter (PDF)
History of Legislative File:
Revision:
Acting Body:
Date:
Action:
Result:
Jacqueline Lorenzo
7/18/2022
Department Head Review
Completed
Marie Gouin
7/18/2022
Budget Review
Completed
Arthur Noriega V
7/19/2022
City Manager Review
Completed
City Commission
7/28/2022
Meeting
Completed
City Commission
7/28/2022
ADOPTED WITH
Passed
MODIFICATION(S)
A
Mayor's Office
7/28/2022
Signed by the Mayor
Completed
A
City Clerk's Office
7/28/2022
Signed and Attested by the City
Completed
Clerk
A
Victoria Mendez
7/29/2022
Approved Form and
Completed
Correctness with Modification(s)
A
City Clerk's Office
7/29/2022
Rendered
Completed
City of Miami Page 2 of 2 Printed on: 8/9/2022