HomeMy WebLinkAboutR-95-0061cT-96-65
1/12/95
RESOLUTION NO.
95- 61
A RESOLUTION AUTHORIZING THE CITY MANAGER TO
EXECUTE A REVOCABLE PERMIT, IN A FORM
ACCEPTABLE TO THE CITY ATTORNEY, WITH
REPUBLIC NATIONAL BANK OF MIAMI
("PERMITTEE"), FOR THE USE OF APPROXIMATELY
2,000 SQUARE FEET OF SPACE IN THE OVERTOWN
SHOPPING CENTER, LOCATED AT 1490 NORTHWEST
3RD AVENUE, MIAMI, FLORIDA, TO ALLOW
PERMITTEE TO PROVIDE BANKING SERVICES IN THE
OVERTOWN COMMUNITY ON A MONTH -TO -MONTH BASIS,
WITH PERMITTEE CONTRIBUTING $60,000.00 IN
CAPITAL IMPROVEMENTS TO A 4,400 SQUARE FOOT
AREA OF THE OVERTOWN SHOPPING CENTER AND WITH
TERMS AND CONDITIONS AS MORE PARTICULARLY SET
FORTH IN THE REVOCABLE PERMIT.
WHEREAS, Republic National Bank of Miami wishes to provide a
full range of banking services in the Overtown Community and has
committed to hiring and training residents of Overtown to work in
the Overtown branch; and
WHEREAS, Republic National Bank of Miami wishes to enter into
a Revocable Permit with the City of Miami for its use of 2,000
square feet of space in the City -owned Overtown Shopping Center,
located at 1490 Northwest 3 Avenue, Miami, Florida; and
WHEREAS, Republic National Bank of Miami wishes to contribute
$60,000.00 in capital improvements to a 4,400 square foot area of
the Overtown Shopping Center, and meet other terms and conditions
outlined in the Revocable Permit;
cm COIAMSX021
N4EE77MG OF.
JA N 1 2 1995
Resolution No.
95- 61
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 hereby adopted by reference
thereto and incorporated herein as if fully set forth in this
Section.
Section 2. The City Manager is hereby authorized`/ to
execute a Revocable Permit, in a form acceptable to the City
Attorney, with Republic National Bank of Miami ("Permittee"), for
the use of approximately 2,000 square feet of vacant space in the
Overtown Shopping Center, located at 1490 Northwest 3rd Avenue,
Miami, Florida, to allow Permittee to provide banking services in
the Overtown community on a month -to -month basis, with Permittee
contributing $60,000.00 in capital improvements to a 4,400 square
foot area of the Overtown Shopping Center and with terms and
conditions as more particularly set forth in the Revocable
Permit.
Section 3. This Resolution shall become effective
immediately upon its adoption.
The herein authorization is further subject to compliance
with all requirements that may be imposed by the City
Attorney, including but not limited to those prescribed by
applicable City Charter and Code provisions.
-2-
95- 61
PASSED AND ADOPTED this
A T:
ATTY HIRAI
CITY CLERK
PREPARED AND APPROVED BY:
JUL E
ASSISTANT CITY ATTORNEY
12th
APPROVED AS TO FORM AND CORRECTNESS:
A. QFtNN S, III
CITY ATT Y
M4859/bss
-3- 95- 61
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61
CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
Honorable MAyor and Mambos DATE 3 1995
TO ' of the city Commission GATE : FILE
Resolution Authorizing a
suaarT ' Revocable Permit to
Republic National Bank of
Miami
FqpU ; MtttlitN(,tFl
Casa o Fnr City Commission
City ger Enicxosunea ; Heating of 1/12/95
R> COMMENDATION-
It is respectfully recommended that the City Commission adopt the
attached ResoluLlon autbori2ing the City Manager to negotiate and
AxAcute a Revocoble Permit its 4 form acceptable to the City
Attorney, with Republic National Rank of Miami ("Republic's") fur
the use of approximately 2,000 rgl]A re feat of apaoo in the
Overtown shopping Center, located at 1490 Northwest 3 Avenue,
Miami, Florida. Republic shall provide banking services in the
Overtown Community.
Negotiated provisions shall include uca of tho apace on a yearly
basis subject to a 30 day revocation notice and Republic shall
contribute Sixty Thousand Dollars ($60,000.00) in capital
improvementis to a 4,41JU square foot area of the overtown Shopping
Canter which will include Lhe overtown NET office. Republic
shall pay its iitility and telephone charges and shall insure and
maintain its portion of the intarinr space.
4iAQKOROUND
Republic National sank of Miami wishes to provide a full range of
banking services in the Ovsartown Community and has oonmuiLLed to
hiring and training residents of overtown to work in tho Overtown
branch, The City currently has a vacant 4,400 square foot retail
space in the uvertown Shopping Center (Space 112), located at
2490 N.W. 3 Avenue, Miami, Florida. Republic is willing to
occupy 2, 00n mquPare feet of space 112, with Lhe OvertOWn NET
office occupyinq the balance of tha space. Rcpublia is willing
to contribute Sixty Thousand Dollars ($60,000.00) in capit-asl
l,aprovements to the entire 4,400 square foot space and most other
termo and conditiu„ss outlined in the proposed Revocable Permit.
Attached: Proposed Resolution
ell3.31
95- 61