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Home My WebLink AboutM-83-038423 RONALD M. BARRON ALBERTO R.CARDENAS ROGER S. GOLDMAN RICHARD S. LEHMAN GREGORY C. PICKEN MARTIN R. RASKIN LESLIE A. SHARE BRUCE JAY TOLAND ATTORNEYS AT LAW BARRON, LEHMAN, CARDENAS & PICKEN PROFESSIONAL ASSOCIATION April 18, 1983 Mr. Howard Gary City Manager City of Miami 3500 Pan American Drive Miami, Florida BBB BRICKELL AVENUE' 2-o FLOOR MIAMI, FLORIDA 33131 TELEPHONE (305) 374.4747 BROWARD 524.06SS CABLE: TA%BAR TELEX'. 51.5017 w zJ Dear Mr. Gary: =� I am enclosing herewith a copy of our client's proposg relative to the establishment of a shopping center in th6 City of Miami at a site to be selected in conjunction with the City Manager's office. This presentation will be made to you at the upcoming April 28th City Commission meeting. Ile felt it was appro- priate for you to have this information prior to our formal presentation. I cann't over emphasize the enthusiasm which this project brings to all of us interested in the commercial development of our inner-city. If I can be of any assistance, or answer any questions, prior to the City Commission meeting, please let me know. I Very truly yours, LEHMAN, CARDENAS , P.A. AL 1CARDENAS AC:ef encl. 83-384 0 2 RONALD M. BARRON AL13EPTo R.CARDENAS ROGER S. GOLDMAN RICHARD S LEHMAN GREGORY C. PICKEN MARTIN R. RASKIN LESLIE A. SHARE BRUCE JAY TOLAND ATTC?1111r-'S AT LAW BARRON, LEHMAN, CARDENAS & PiCKE��TY��AP��.��'''SOfFIGE PR0f E's310N/L ASSOCIATION J,'RK132 A��,'1�ID 29 2. o rLOOR MIAMI, FLORIDA 33131 TELEPHONE 1305) 374.4747 BROwARD S24.0655 CABLE: TA%BAR TELEX'. 51.5017 April 28, 1983 Mr. Howard Gary City Manager, P.O. Box 330708 Miami, Florida 33133 Dear Mr. Gary: Please be advised that our lay, firm represents PRS International Consulting, of Key Biscayne, Florida relative to their intent to propose to the City of Miami providing the City faith time and temperature readings on Omega street clocks located in certain city approved public right of ways. The purpose of this letter, is to respectfully request that this proposal be submitted to the City of Miami Commission at their upcoming May 12, 1983 meeting. It is our objective to discuss this proposal with your staff prior to the May 12th meeting and provide you with all of the information that we possess which may be helpful to you in evaluating a recommendation to the City Commission. Officially, our law firm represents PRS International Consulting, Electronic Time, Inc., the owner of the designs, under patent of the subject structures and Omega Electronic Equipment (Switzerland). lade eagerly await your confirmation of this request. In the meantime, if I can be of any service in providing you with additional data, please do not hesitate to contact me. Very truly yours, ON, LEHMAN, CARDENAS 8 PICKEN, s ARC: al 83-384 46 I .Jdoffland Conjultin9r, Nice Management and Financial Consultants M April 15, 1983 0 �o 0 ,0 PROPOSAL FOR MIAMI SHOPPING CENTER O z Holland Consulting, Inc., under contract as a paid developer for the U. S. Small Business Administration, will develop a neighborhood shopping center (anchored by a chain supermarket) identical to the Virginia Park Community Plaza, which HCI developed under contract in Detroit, Michigan. The Plaza is O owned by an LDC which HCI organized, which is comprised of 300 community resi- a dents. This $5,500,000 project (on 5 acres with 70,650 sq. ft. GLA) has the U following financing: U Land $ 1 Equitable Life Assurance Mortgage 1,416,999 UJ O UDAG Grant 750.000 cr z Block Grants 2,223,000 O New Detroit Grant 20,000 3 Equity by Residents 90,000 0. U.S. Small Business Administration 1,000,000 • TOTAL $ 5,500,000 Q N The Miami project will be patterned along the same lines, and the HCI-SBA contract has five major steps which NCI will complete: W 1-- Part I Target Cities z O HCI shall establish five substantial minority -owned neighborhood shopping centers or commercial complexes in major cities, with significant job and econo- mic impact. The projects will use existing, proven programs, especially the SBA w Local Development Company (502-503) program, combined with existing community, private, and government resources. Each neighborhood shopping center must pro- vide critical consumer goods, such as food and medicines, which presently are a not available at competitive prices in urban minority communities. The projects shall be located in Chicago, Illinois; San Antonio, Texas; Miami, Florida; z Philadelphia, Pennsylvania; and St. Thomas, Virgin Islands. W U SUITE 260 • EDISON PLAZA • DETROIT, MICHIGAN 48226 • WO 3-331 1 83--384 1k Proposal For Miami Shopping Center (cont.) April 15, 1983 Page 2 Part II Feasibility Study HCI will select, through a process of demographic analysis, the ideal loca- tion in each city for the development. It will then prepare a comprehensive feasibility study defining the project, and present this study to merchants defined in the study, to the community group in the area (this group will be established by HCI if one does not exist), and to the other local and private interests defined in the study as essential to the development. This phase of the study shall positively identify what commercial facilities are available and the extent to which the community is "under -stored". Part III Financing HCI shall establish the local development company (LDC), prepare its prospectus, conduct its capital funds drive, and help the LDC to retain an architect to provide the schematic phase of the design of the project, whether it be a new center, a strip center, or a rehab. After the LDC has obtained the land through purchase or an option to purchase, HCI shall complete the capital funds drive, obtain additional equity through MESBICs or venture capital firms, obtain commitments for matching grants based upon the success of the capital funds drive, and provide the financial packaging for the difference between this total capital structure and the required project funding through a first mort- gage. This mortgage shall be based on Letters of Intent signed by the merchants who will locate in the complex (The merchants must be opening branches of suc- cessful operations, or relocating to the complex). Part IV Anchor Tenant HCI shall obtain a Letter of Intent from the anchor tenant defined in each feasibility study for lease of the space designated in the study for said anchor tenant. The anchor tenant shall be credit -worthy to the extent the Letter of Intent will generate both Letters of Intent from ancillary merchants and the First Mortgage commitment. Part V Ancillary Tenants HCI shall obtain Letters of Intent from the ancillary merchants defined in each feasibility study for lease of the space designated in the study for said ancillary merchants. Minority and 8(a) firms shall be used to the maximum extent practicable. Construction of the Miami project will commence once the five steps above are completed, at which time the Miami LDC which HCI will organize, will take control of the developed project. 83--384