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HomeMy WebLinkAboutR-01-1001J-0'1-8.30 9/24/01 RESOLU'T'ION NO. A RESOLUTTON OF THE MIAMI CITY COMMISSTON CONSENTING '20 THE T -'RMS OF TWO PROPOSEI) SUBLEASES BETWEEN ',HE MIAMI SPORTS AND EX11TBITION AUTHORI'l Y AND FLYING BOAT, INC. , ("CHALKS") FOR TERMINAL SPACE AND WITH BIMINI LANDING, INC., AN AFFILIATE OF CJ­A1XS, FOR A FOOD AND BEVERAGE OPERA'T'ION, IN THE AIR TRANSPORTATION FACILITY AND REGIONAL VISITORS CENTER TO BE DEVELOPED ON WATSON ISLAND, A1,11) FURTHER AU'T'HORIZTNG TIES CITY MANAGER TO EXECUTE A SETTL_EMENT AGREEMENT WTTH CHALICS, TN SUBSTANTIALLY THE ATTACHED FORM, TO RELEASE ALL ALLI=GED CLATMS AND RESOLVE ALL MATTERS RIsf.ATING TO TITLE AND POSSESSORY RTGHTS ON A POR'T'ION OF WATSON 1S1,A1,J1D, IN SUBSTAN`T'IALLY THE ATTACHED FORM. WHEREAS, Flying Boat:, Inc., a Florida corporation d/b/a Chalks Ocean Airways ("Chalks") and its predecessors have operated a seaplane airline service on the southwesterly portion of Watson Is_Land for more than 50 years; and WHEREAS, in 1989, the City filed a lawsuit in Circuit Court =or_ ejectment, to quiet title and for other relief from Chalks; and WH ERR.AS, on June 13, 1989, the parties executed a Stipulation of Voluntary Dismissal Without: Prejudice by which the parties agreed not to litigate tho issues raised in the e-iect:ment ow COMM881411 NEE1WO OF SEP 71 5 2001 Llesalution Wo. • • action, nor do anything to increase or enhance the:i.r claims, for a period of 10 years; and WHEREAS, on August 14, 1997, the City and Miami Sports anis Exhibition Authority (MSEA) entered into an InLerl.ocal Agreement for the purpose of developing, operating and managing an Air Transportation Facility arld Regional Visitors Center on approxLatateiy 5.6 arses on Watson Island; and WHERF.AS, the City would like Chalks to be an integral part of the Air Transportation-acil.it.y and Regional Visitors Center; and WHEREAS, pur'suanL to the Interlocal. Agreement, all subleases to be entered into by MSFA are subject to the City's prior writ Len conser:L; ar.d WHEREAS', it is necessary to resolve all outstanding disputes between the City and Chalks before the development of the Air Transportation Facility and Regional. visitors Center may take place; and WFiFREAS, the City Commission determines it to be in the best-- interest est:interest of the C.i.ty to cot:sent to the sub- Leases between MSEA and Chalks for terminal. space and with Chalks' affiliate, for food and beverage services, in t_he Air Transporration Faci.lit:y and Regional Visitors Center., in substantially the attached terms, and to enter into a settlement agreement with Chalks, in substantial -1y the attached form, which provides, among other things, that (i) if the Interlocal Agreement: is voided or 9 Page' 2 of 4 U'.1 Jl301. terminated, the City will cl ow Chalks to continue to occupy the property under the terms of the subleases, and (ii) if the terms of the settlement fail in their essential elements, the parties will. return to the position existing as of the date of the settlement agreement. NOW, THEREFORE, BF 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 Commission hereby consents to the Miami Soorts and Exhibition Authority entering inL.o a sublease with Chalks for terminal space and a sublease with Bimini Landing, Inc., a Florida corporation, an af-filiate of Chalks, for food and beverage operations, on substantially the attached business terms, and authorizes the City Manager to execute such documents as may be necessary to evidence the City's consent, subject to the approval of the City Attorney.'/ Section. 3. The City Manager is authorized/ to execute a setIlement agreement, in substantially the attached form, with Flying Boat, Inc., a Florida corporation, d/b/a Chalks Ocean Airways ("Chalks"), and such other documents as may be approved The herein authorizatior is further sub sect to con.ipli ance with all requiremenr.s ghat may be imposed by L}ie City Attorney, i.ncludiny buL r.oL limited to those prescribed by applicable Ci Ly Charger and Code nrov'_sions. Page 3 of 4 r- by the City Attorney, in connection Lherewi_th, for the release of claims and to resolve all matters relating to title and possessory rights on a portion of Watson Island. Section 4. This Resolution shall become effective .iminediate.l.y upon its adoption arid signature of the Mayor.`' PASSED AND ADOPTED this 25th day of September , 2001, JOE CAROIJ...O, MAYO—R---"----- In AYORT In accordance with Miami Code Sec. 2-33, since the Mayor did not indicate spprovol of this legislation by signing it in the designated p provided, Paid legislation now becomes effective with the elapse of ten (10 day m the da o mmis ' cci;o,i ATTEST: regarding same, without the Mayor eaerC' ins off, UE WALTER J. FOEMAN CITY CLERK _ APPR?�6 �1Sf TO F'ORyI AND CORRECTNESS el /4E J '1` II�VILAT�ET.,LO r' 756 -/ ATTORNEY l:ORS:LB =� If Che Mayor does noL sign this Resolution, it shall become effective aL t:he and of ton ca.londar days from the dt t�� ate i.tas passed and adapted. If tine Mayor vetoos this Resolution, iL shall become. effective immediately upon over.ricie of the veto by Lhe City Comm:isr ion. Page 4 of 4 - �. 0 �► �1. I • SETTLEMENT AGREEMENT i� This Settlement Agreement ("Agreement") is dated as of the, _ day of 2001, by and between the City of Miami, Florida, a Florida nuinici.pal corporation ("City") and F.1yi.ng Boat, Inc., a I--'lorida corporation d/b/a Chalks Ocean Airways ("ChaI ks" ) PRE.Ia1:VINARY STATEMENTS A. The City -is the owner of the proporty known as Watson Ts -,and located in the City of Miami, Miami -Dade County, 11.10rida. 3. Chalks and its corporate predecessors have operated a seaplane airl:..ne service on t:he southwesterly portion of Watson Island (tile "Pz:operty") for more than fifty (50) years and claim certain right -.5 to r..he Property, which property includes r.aTnps, aprons, maintenance area, a terminal building and facilities housing governmental functions such as Customs and Immigration (the "E•,'xi.sting Seaplane Facility") Located thereon. C. In 1989, t:te City instituted an action styled CiLy of Miami vs. Chalks international Airlines, Tnc.,_ Case 10. 89-7029 CA (19) in the Circuit. Court of the 1.1th �J'udic.ial. Circuit i.n and for Dade County, Florida, for ejectment, to quiet, titie and for other relief against the defendant, a predecessor. of Chalks, as the operator of. the Existing Seaplane Fac.i -1 ity (the "l-jectment Action") . On June 1_`1 1989, the plaintiff. and defendant: in such action executed a Stipulation of Voluntary Dismissal. Without Prejudice (the "Standstill Agreement"), by which the parties agreed, subject to the provisions contained therein, not to li.tigat:e the issues raised in the Ejectment Action for a period of ren years from tiro date of the Stipulation, which pe.rioc-1 expired on June 13, 1999. 'fire Ejectment Action and the Standst i. 1.1 Agreement are referred to herein, collectively, as the "T,awsu:i_t". D. Pursuant to the City's Resolution No. 9-/-420, adopted June 26, 1.997, the City entered into an Tn;.erl ocal Agreement (the "Interlocal. Agreement") with the: Mi.am.i Sports and Exh:-bition Authority, an independent-. and autonomous agency and inst--rumentality of tho City ("MSF'A") dated as of August. 14, 1.997, providing for the development, operation and management of an ai.r transportation facil.i ty, regional vis i tors center.- and related facilities on a portion 0f Watson island, and i.nc:orporat_ing a .tease to MSNA of approximately 5.6 acres, which • • includes the Property on which the Existing Seaplane Facility is currently being operated. Pursuant to the Interlocal Agreement, MSEA has the authority to sublease and gran- licenses and concessions .for purposes,permitted by the Interlocal. Agreement. E. The City, MSEA and Chalks have negotiated an air terminal. sublease (the "Terminal Sublease") and a food and beverage sublease with an affi.Iiate of Chalks ("Food arid Beverage Sublease") subject to the City and Chalks settling and resolving all of their disputes under, or relating Lo, the Lawsuit. The Air_ Terminal Sublease and rood and Beverage Sublease may be collectively referred to herein as the "Chalks Agreements" 1,. The City and Chalks have agreed to resolve herein all. of their disputes, claims or controversies under. the Lawsuit, their respective rights to the Property and the Existing Seaplane Facility and all related matters. NOW, THEREFORE, in consideration of the foregoing and the mutual covenants and obligations set forth herein, the City and Chalks agree as follows: Effective Date: The "Effective Date" of. this Settlement Agreement shall be the date on which all of: the following condi Lions are satisfied: (i) the Chalks Agreements have been approved by the Board of Directors of Chalks and of the Miami. Sports and Exhibition Authority, and the Commission of the City of Miami has consenL-ed to the Chalks Agreements and the Nondisturbance provided in paragraph 32 thereof, (ii) the Chalks Agreements are fully executed, and the Consent to the Chalks Agreements and Nondisturbance Agreement related thereto has been executed by the City (iii) and the City and Chalks have executed mutual releases and covenant not to sue regarding all matters or actions under or relating to the Lawsuit, Chalks' adverse possession claim, the Existing Seaplane Facility, the Property, Watson Island, and any other matter occurring prior to the date hereof. 2. Covenant of the City: The City acknowledges that this settlement is predicated upon Chalks being permitted to occupy and use the property being leased under the Chalks Agreements, in accordance with the terms of the Chalks Agreements. Therefore, in the event that any of the Chalks Agreements are terminated as a result of a default by MSEA under either of the Chalks Agreements, or the Interlocal Agreement or by the City under_ the Inter.l.ocal Agreement or by a judicial determination 7 �f-100f that: the Interlocal. Agreement or either or both of the Chalks Agreements is invalid, i.l.legal or unenforceable, then Chalks shall continue to occupy the property, as defined in the Chalks Agreements, undisLurbed and pursuant to all. of the terms and conditions, and for the remainder of the term, set forth in the Chalks Agreements, and all of the rights and obligations of MSEA thereunder shall be binding upon, and inure to the benefit of, zhe City 1n the event of a judicial dererminati.on :hat this Settlement Agreement is invalid or that: City dial riot have the right to agree to grant Chalks possession and occupancy of the Property under the Lerms hereof, then the rights of the parties hereto shall be restored to the condition existing as of the date of th]s Settloment Agreement, and nothing herein shall be construed as a waiver of any rights or admissions against interest by either_ party in connection with a1..1. matters pertaining to thy., Lawsuit. 3. Expiration Date: Unless otherwise extended by written agreement of the parties, this Settlement Agreement shall expire if all of the condi Lions set: forth in Section 1 above have not been satisfied within Lhree (3) months from the dare hereof, whereupon the rights of :he parries hereto shall be restored to the condition existing as of the da Le of this Settlement Agreement and nothing herein shall be construed as a waiver of any rights or admissions against interest by either party in connection with all matters pertaining to thn Lawsuit. 4. Successors and Assigns: This Agreement shall be binding upon the parties hereto, and their respect::i.ve successors or assigns. 5. Koval by the_Oversight Board: The State of Florida has appointed an Emergency Financial Oversight Board (the "Oversight Hoard") which is empowe.r.od to review and approve all pending City of Miami contracts. As a result, contracts shall not be binding on the City until such time as they have been approved by the Oversight Board. Attestation of this SetLlement Agreement by the City Clerk shall constitute evidence of approval by the Oversight; Board. IN WITNESS WHEREOF, City and have executed this Agreement as of the date first set forth above. Attest: City of Miami, a municipal corporation of the State of Florida HY'- - - --- BY: WaiLer F'oeman Carlos A. Gimenez City Clerk City [tanager Attest.. Flying Boat, Inc., a Florida corporation B y : Secretary James Confal.one President 0i-•10 • i TERM SHEET Watson island Air Transportation Facility Food and Beverage Service Sublease Landlord: Miami Sports and Exhibition Authority, Inc Tenant: Bimini Landing, Inc. (an affiliate of Flying Boat, Inc. d/b/a Chalks Ocean Airways) Description of Premises: approximately 1,443 sq. ft. of indoor table, bar, food storage and preparation and related space on the first floor of the building and approximatelyl,500 sq. ft of outdoor terrace area where the tenant may install tables and chairs for its customers' use. Commencement Date: upon issuance of a temporary certificate of occupancy for the building. Term: 30 years from Commencement Date, with the right to extend for two additional terms of ten years each, if permitted by law at that time, but expiring no later than the expiration date of Ute Watson Island Interlocal Agreement. Rent: $20 per sq, ft. for the indoor space, which includes au estimated $4.80 per sq. ft. building operations and maintenance ("O&M") cost component, an estimated $8.54 per sq. ft. direct airport O&M cost component, a $2.98 per sq. ft. PILOT for indirect airport O&M costs, and an estimated $3.68 base rent. During the first five years, Tenant receives a partial credit against direct O&M expenses of $11,850 during years 1-3 of the term and $9,480 during years 4 and 5 of the teen. Rent escalations: Base rent and the PILOT escalate by the CPI, with a {door of 3% and a ceiling of 5%. Building O&M and Direct Airport O&M expenses shall be adjusted based upon actual expenditures. Percentage Rent: 8% of gross sales over $300,000 but less than $500,000; 10'% of gross sales of $500,000 or more. Guaranty: by .lames Confalone, individually, for the first five years of the term. \73099\12326\N 527945 v 1 9/24/01 4:25 PM CITY OF MIANII, FLORIDA 10 INTER -OFFICE MEMORANDUM The Honorable Mayor and Members TO of the City Commission GATE September 19, 2001 FILE REC MMENDATION: Chalks Ocean Airways SUBJECT: REFERENCHS ENGLOSURFS The administration recommends that the City Commission adopt the attached Resolution consenting to the terms of two proposed subleases between the Miami Sports and Exhibition Authority and Flying Boat, Inc. ("Chalks") for terminal space and a food and beverage operation in the air transportation facility and regional visitors center to be developed on Watson Island. The Resolution further authorizes the City Manager to execute a settlement agreement with Chalks to release all alleged claims and resolve all matters relating to title and possessory rights on a portion of Watson Island. BACKGROUND: On August 14, 1997, the City and MSEA entered into an Interlocal Agreement for the purpose of developing, operating and managing an Air Transportation Facility and Regional Visitors Center on approximately 5.6 acres on Watson Island which use was already determined by the Board of Trustees of the Internal Improvement Trust Fund to be in consistent with the deed restriction affecting Watson Island. The term of the Interlocal Agreement is for 45 years that shall expire on August 13, 2042. The City, at its sole option, may extend the Interlocal Agreement for any. - increment of years, for an additional 20 years. The terms of the Interlocal Agreement require that all subleases be consented to by the City Commission. The City would like Chalks to be an integral part of the new aviation facility. Chalks has operated a seaplane airline service on the southwesterly portion of Watson Island for more than 50 years. In 1989, the City filed a lawsuit in Circuit Court for ejectment, to quiet title and for other relief from Chalks. On June 13, 1989, the parties executed a Stipulation of Voluntary Dismissal Without Prejudice by which the panties agreed riot to litigate the issues raised in the ejectment action, nor do anything to increase or enhance their claims, for a period of 10 years. In order for the development of the Air Transportation Facility and Regional Visitors Center to take place, it is necessary for the City and Chalks to resolve outstanding disputes. • The Honorable Mayor and Members Of the City Commission Page 2 At this time, the administration has negotiated a settlement agreement with Chalks to provide for a release by the parties of all alleged claims and resolve all matters relating to title and possessory rights on a portion of Watson Island. The settlement agreement will not take effect until the following conditions are satisfied: 1. A negotiated sublease for an air terminal and a sublease for food and beverage service (collectively the "Chalks Agreements") are approved by Chalks, the City Commission and MSEA; 2. The Chalks Agreements shall have been fully executed. A copy of the business terms for each of the subleases is attached hereto for reference. CAG:DB:L'S:m CC Settlement �:1.-1.00j. rm Sheet Sublease Agreement for Terminal Space between the. Miami Sports and Exhibition Authority (Landlord) And Flying Boat, Inc. (d/b/a Chalks Ocean Airways) (Tenant) Definition of Phases The Sublease Agreement is broken down into three phases in order to ensure Tenant will continue to be able to operate at Watson Island. These phases are broken down as foilows: Phase P Pre -construction Phase This is the period of time from the Effective Date of the Sublease through the earlier of (i) the date the Landlord's Facility or Tenant's Facility, as applicable, is built, or (ii) the date the Tenant terminates the Sublease as provided in the Sublease. Phase R.- Landlords Facility This is a period of 30 years commencing on the date the Landlord's Facility is built. The Landlord's Facility is a two story building located on the property with an adjacent exterior terrace which includes Terminal Space, approximately 1,443 square feet of space for food and beverage service pursuant to a Sublease with Tenant's affiliate, the Seaplane Operations Area and adjacent helipad and Airside Capital Improvements. Phase Ill,• Tenant's Facility In the event the Landlord does not build Landlord's Facility and Tenant does not terminate the Sublease, Tenant will construct a new terminal facility including airside improvements at Tenant's sole cost and expense. Tenant shall be required to spend at least $1,000,000 in connection with Tenant's Facility. Phase III shall be a period of 30 years commencing on the date the Tenant's Facility is built. Property Phase I: Approximately 2.4 acres Phase II: Approximately 1,602 sf of office, counter, gift shop and passenger terminal space located in the southeast portion of the first floor of the building Phase III: Approximately 2.4 acres 6g-1001 1 use Option Rent Phase 1:: Ticketing for seaplane operations, waiting room, vending machines, a taxi stand, incidental sale of merchandise/memorabilia, Government Service areas, freight and baggage area, seaplane aircraft operations and administrative office space for the operation of Tenant's seaplane operation. Tenant shall not be permitted to sell aircraft fuel to unaffiliated third parties. Phase II: Same uses as Phase I plus Tenant shall be entitled to operate a gift shop and may provide to third party aircraft owners (i) tie down services for seaplanes and light aircraft maintenance; and (ii) if Tenant constructs a Fuel Farm, sale of aircraft fuel. Phase III: Tenant shall have the right to the Phase I and II Uses plus food and liquor service, hotel courtesy van pickup, telephone rental and car rental services, and light aircraft maintenance. To the extent permitted by law, Tenant shall have the right to extend the term for two (2) successive extension terms of ten (10) years each. Neither additional term shall extend beyond the term provided in the Interlocal Agreement between the City and the MSEA. Phase I: $30,000/year payable in equal monthly installments of $2,500 Phase II: $4.80 sf Building O&M $8.54 sf Direct Airport O&M $2.98 sf Indirect Airport O&M (PILOT) $3.68 sf Base Rent Building O&M and Direct Airport O&M shall be increased or decreased based upon actual expenditures Indirect Airport O&M and Base Rent shall be subject to an annual CPI adjustment Percentage Rent: (i) 50% of any landing or tie -down fees (ii) 5% of gross revenue from sale of fuel to unaffiliated third party During the first five years of the Term, in order to permit Tenant to establish and stabilize its operations, Landlord will credit Tenant against all O&M Expense components of Rent the following sums: Year Credit Against Rent Years 1-3, inclusive $13,150.00 Years 4 and 5, inclusive $10,520.00 Phase III: $0.30 sf of the land; said amount shall be subject to an annual CPI adjustment Percentage Rent: (i) 5% of gross revenue from sale of fuel to unaffiliated third party (ii) 8% of food and beverage gross sales over $300,000 10°/a of food and beverage gross sales over $500,000 Parking If Landlord's Facility is constructed, Landlord shall provide Tenant, without charge, 8 parking spaces in close proximity to the building. In either Phases II or III, Landlord will provide or cause to be provided additional parking on or adjacent to the property. Payment for such parking spaces shall be on an "as -used" basis. Rates for such use shall be not more than prevailing market rates for long term parking. Tenant's Right to Terminate If Landlord (i) has not commenced construction of the Landlord's Facility by the fifth anniversary of the Execution Date of the Sublease or (ii) delivers written notice to Tenant prior to such fifth anniversary that it has elected not to construct the Landlord's Facility, Tenant shall commence development of the Tenant's Facility, unless, within 120 days after Tenant's receipt of such notice or such fifth anniversary, Tenant notifies Landlord that it has elected to cancel the. Sublease, If such notice of termination is given, the Sublease shall end 180 days after delivery of Tenant's notice of termination. Guaranty James Confalone, individually, for five years from the Commencement Date. 3 TERM SHEET Watson Island Air Transportation Facility Food and Beverage Service Sublease Landlord: Miami Sports and Exhibition Authority, Inc. Tenant: Bimini Landing, Inc. (an affiliate of Flying Boat, Inc. d/b/a Chalks Ocean Airways) Description of Premises: approximately 1,443 sq. ft. of indoor table, bar, food storage and preparation and related space on the first floor of the building and approximately 1,500 sq. ft of outdoor terrace area where the tenant may install tables and chairs for its customers' use. Commencement Date: upon issuance of a temporary certificate of occupancy for the building. Term: 30 years from Commencement Date, with the right to extend for two additional terms of ten years each, if permitted by law at that time, but expiring no later than the expiration date of the Watson Island Interlocal Agreement. Rent: $20 per sq. ft. for the indoor space, which includes an estimated $4.80 per sq. ft. building operations and maintenance ("O&M") cost component, an estimated $8.54 per sq. ft. direct airport O&M cost component, a $2.98 per sq. ft. PILOT for indirect airport O&M costs, and an estimated $3.68 base rent. During the first five years, Tenant receives a partial credit against direct O&M expenses of $11,850 during years 1-3 of the term and $9,480 during years 4 and 5 of the term. Rent escalations: Base rent and the PILOT escalate by the CPI, with a floor of 3% and a ceiling of 5%. Building O&M and Direct Airport O&M expenses shall be adjusted based upon actual expenditures. Percentage Rent: 8% of gross sales over $300,000 but less than $500,000; 10% of gross sales of $500,000 or more. Guaranty: by James Confalone, individually, for the first five years of the term. 1730991123261 b 527945 v t 9/19/01 6:49 PM