HomeMy WebLinkAboutR-94-0096nb
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2/17/94
94- 96
RESOLUTION NO.:
A RESOLUTION MODIFYING SECTION II, E, "LEASE
- TERM" OF THE REQUEST FOR UNIFIED DEVELOPMENT
PROPOSALS FOR VIRGINIA KEY BOATYARD/3501
`
RICKENBACKER CAUSEWAY (THE "PROPERTY") ISSUED
FEBRUARY 4, 1994 (THE "RFP"), AS ADOPTED BY
RESOLUTION NO. 94-46 ON JANUARY 27, 1994,
THEREBY ALLOWING THE CITY OF MIAMI TO ENTER
INTO A LEASE AGREEMENT WITH THE SELECTED
PROPOSER FOR THE DEVELOPMENT OF THE PROPERTY
FOR A TERM OF UP TO TWENTY (20) YEARS, BUT A
LEASE TERM OF LESS THAN TWENTY (20) YEARS MAY
BE PROPOSED AT THE OPTION OF THE PROPOSERS;
FURTHER AUTHORIZING THE CITY MANAGER TO ISSUE
AN ADDENDUM TO THE RFP, IN A FORM ACCEPTABLE
TO THE CITY ATTORNEY, REGARDING SAID
MODIFICATION.
WHEREAS, the Request for Unified Development Proposals for
Vi i i K B t d/3s01 Ri k k C (th "P t ")
rg n a ey oa yar c e ao er auseway
a roper y
issued February 4, 1994 (the "RFP")
provided
for the City of
Miami entering into a lease agreement
with the
selected proposer
for the development of the Property for
a term
of ten (10) years
with one five (5) year renewal at the
City's option and subject
to renegotiated terms; and
WHEREAS, it has been determined
that in
order to secure
financing for the development of the
Property,
the term of the
lease agreement between the City and the selected proposer should
be for a period of up to twenty years; and
07T COMUSSXON
MEETING OF
FEQ 1 7 1994
Resolution No.
t W
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IN
96
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