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1 CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
To: Honorable Mayor and Members
of the City Commission
FROM :
Eduapdoodriguez, Director
Off ce t Asset Management
DATE : FILE
I,�1•,V _ 100^
SUBJECT
Discussion Item: Miami
Rowing Club, Inc. Lease
Agreement
REFERENCES:
ENCLOSURES:
It is respectfully recommended that the City Commission hold. a
discussion concerning the attached request received from Miami
Rowing Club, Inc. As one of the founding members of this club,
the City Manager excuses himself from making any recommendations
regarding this matter, and he defers to the City Commission for
their recommendations
Miami Rowing Club, Inc. initially entered into a lease agreement
with the City of Miami in July of 1977, for a parcel of land
located within the area presently occupied by Rickenbacker
Marina. Subsequently, that lease agreement was terminated,
canceled and surrendered by the Miami Rowing Club, Inc.
In exchange, on November 13, 1981, Miami Rowing Club, Inc.
entered into their present lease agreement with the City of Miami
for a certain parcel of land located adjacent to the Marine
Stadium. This leased area has been used for rowing training and
related activities, storage of hulls and equipment, rowing
practice, and competitions by club members, among other events.
The termination date of this lease is December 1, 2000, with no
renewal options.
The club presently owes on its improvements 1985, 1986, 1987,
1990 and 1993 ad valorem taxes to Metropolitan Dade County. In
order to achieve their assessment goals and to secure the loan
commitment to pay off these outstanding taxes, they have made the
attached request for a twenty (20) year extension of their
present lease.
The city's Office of, Asset, Management suggests certain
recommendations in response to; the`club's request:
• Miami Rowing Club, 'Inc.' should pay .off all taxes.
• They should surrender their:existinglease.
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Honorable Mayor and
Members of the City Commission
• A new triple net lease should be executed, upon receiving City
Commission approval, for a twenty (20) year term to include
MIAMI ROWING CLUB
3832 SHIPPING AVENUE
MIANII, FLORIDA 33146
April 1, 1996
Mr. Eduardo Rodriguez
Director
Office of Asset Management & Capital Improvements
444 S.W. 2nd Avenue
Miami, Florida 33130
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Dear Mr. Rodriguez:
The Miami International Regatta and Club fund raiser weekend is over now.
Ralph Montalvo has pledged to make up any short -fall in our assessment goal.
This week we will go to the bank to secure the increased loan commitment for
payment of our outstanding tax bill.
For your information, more than one thousand competitors and spectators came to
participate and witness and the Miami International Regatta. Competitors filled
850 seats and came from the United States, Canada and Puerto Rico. This was
primarily a high school rowing regatta where more than 16 high schools rowing
teams competed. The Regatta was a resounding success. The Miami skyline,
weather, and rowing conditions once again made Miami a wonderful place for
these visitors to spend their time.
As previously discussed, the tax payment must coincide with a lease extension by
the City of Miami. We formally request a 20 year continuation of our lease. If
possible, we would like this lease extension to be an agenda item at the April 26th
City Council Meeting.
The Miami Rowing Club continues to be committed to improving the image of
Miami with respect to water sports on a national and international level for both
the sports of rowing and kayaking.
Sincerely,
Howard Kosowsky
Treasurer, Director
Miami Rowing Club
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