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HomeMy WebLinkAboutAgenda Item Summary FormC,AN UF..4y AGENDA ITEM SUMMARY FORM File ID: #12175 Date: 06/23/2022 Requesting Department: City Commission Commission Meeting Date: 06/23/2022 Sponsored By: Francis Suarez, Christine Kinq District Impacted: All Type: Resolution Subject: MRC Covenant In Lieu Purpose of Item: <Insert Purpose of Item Here> Background of Item: <Insert Background Here> Budget Impact Analysis Item has NO budget impact Total Fiscal Impact: Legislative Division Valentin J Alvarez City Commission Maricarmen Lopez Office of the Mayor Mayor's Office Office of the City Clerk City Clerk's Office OMNI Community Redevelopment Agency Office of Management and Budget Marie Gouin Office of the City Attorney Victoria Mendez Office of the City Clerk City Clerk's Office Reviewed By Legislative Division Review Completed 06/24/2022 7:45 AM Meeting Completed 06/23/2022 9:00 AM Signed by the Mayor Completed 07/01/2022 11:04 AM Signed and Attested by the City Clerk Completed 07/01/2022 11:08 AM Isiaa Jones ACA Review Completed Budget Review Completed 08/02/2022 11:49 AM Approved Form and Correctness Completed 08/10/2022 11:17 AM Rendered Completed 08/10/2022 11:19 AM City of Miami Legislation Resolution Enactment Number: R-22-0236 File Number: 12175 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Final Action Date:6/23/2022 A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE A COVENANT IN LIEU OF UNITY OF TITLE ("COVENANT") TO UNIFY THE CITY -OWNED PROPERTIES LOCATED AT 444 AND 460 SOUTHWEST 2ND AVENUE WITH THE PRIVATELY -OWNED PROPERTIES LOCATED AT 300 SOUTHWEST 2ND AVENUE AND 230 SOUTHWEST 3RD STREET, MIAMI, FLORIDA 33130 (COLLECTIVELY, "PROPERTIES") IN CONNECTION WITH THE DEVELOPMENT OF THE PROPERTIES BY LANCELOT MIAMI RIVER, LLC ("LANCELOT") PURSUANT AND SUBJECT TO THE AGREEMENT AND LEASE BETWEEN THE CITY OF MIAMI AND LANCELOT DATED NOVEMBER 21, 2019; FURTHER AUTHORIZING THE CITY MANAGER TO EXECUTE SUCH AGREEMENTS, APPLICATIONS, AND OTHER DOCUMENTS NECESSARY TO AUTHORIZE, AS OWNER, THE PROPOSED DEVELOPMENT UPON THE PROPERTIES. WHEREAS, the City of Miami ("City") is the fee simple owner of the property located at 444 and 460 Southwest 2nd Avenue, Miami, Florida 33130, commonly known as the Miami Riverside Center ("MRC Site"); and WHEREAS, Lancelot Miami River, LLC, an affiliate of Adler Group ("Lancelot"), is the fee simple owner of the property adjacent to the MRC Site at 230 Southwest 3rd Street, Miami, Florida 33130 ("Nexus Site 1"); and WHEREAS, CH Riverside, LLC is the partner of Lancelot and is the fee simple owner of the property located at 300 Southwest 2nd Avenue, Miami, Florida 33130 ("Nexus Site 2"); and WHEREAS, the City and Lancelot entered into that certain Agreement and Lease dated November 21, 2019 ("Lease"), authorizing Lancelot to lease and develop the MRC Site; and WHEREAS, the proposed development by Lancelot contemplates a unified development over the MRC Site, Nexus Site 1, and Nexus Site 2 (collectively, the "Properties"); and WHEREAS, in furtherance of the proposed unified development on the Properties, Lancelot has requested that the City execute a Covenant in Lieu of Unity of Title so that the Properties may be considered as one plot with respect to the removal of property lines for purpose of setback requirements ("Covenant"); and WHEREAS, in accordance with Section 2-33(f) of the City Code, the City Commission, by a majority vote, hereby deems this Resolution to be of an emergency nature; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by reference and incorporated as if fully set forth in this Section. Section 2. The City Manager is authorized' to negotiate and execute the Covenant to unify the Properties in connection with the development of the Properties by Lancelot pursuant and subject to the Lease. Section 3. The City Manager is further authorized' to execute such agreements, applications, and other documents necessary to authorize the proposed development on the Properties. Section 4. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.2 APPROVED AS TO FORM AND CORRECTNESS: 1 i f ria i ' ndez, City Nttor iey 8/10/2022 ' The herein authorization is further subject to compliance with all legal requirements that may be imposed, including but not limited to, those prescribed by applicable City Charter and City Code provisions. 2 If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective immediately upon override of the veto by the City Commission.