HomeMy WebLinkAboutNotice to the PublicDocuSign Envelope ID: A8F9D23F-7DCB-48FA-8E6E-467DDB3DED32
CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
TO: Todd Hannon DATE: April 26, 2023
City Clerk
FROM:
DS
Andrew Frey, Director A.0.F.
Department of Real Estate
& Asset Management ("DREAM")
SUBJECT: Use of Property Located 298, 300, 330, &
400 Southeast 2nd Avenue for HRM
Owner, LLC
ENCLOSURES: Ad of Notice of Public Hearing
Enclosed you will find an ad for notice of a public hearing to be held by the City Commission on May 11, 2023,
for the use of City of Miami owned property located 298, 300, 330, & 400 Southeast 2nd Avenue, Folio Nos.
01-3137-022-0010, 01-3137-022-0030, 01-3137-022-0031, and 01-3137-022-0020, for the purpose of
commercial use, redevelopment, or significant renovation.
Please place the ad in accordance with public hearing requirements of the City Commission and in accordance
with section 166.041(3)(c)(2), Florida Statues.
Thank you for your assistance.
Approved: -71/- ,5'aaicea
Miriam M. Santana
Agenda Coordinator
CC: Larry Spring, Assistant City Manager
Date: 4/27/23
CITY OF MIAMI, FLORIDA
NOTICE OF PUBLIC HEARING
A public hearing will be held by the City Commission of the City of Miami, Florida on
Thursday, May 11, 2023, at 9:00 A.M. at City Hall, located at 3500 Pan American Drive,
Miami, Florida, 33133 for the purpose of granting the following:
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), BY A
FOUR -FIFTHS (4/STHS) AFFIRMATIVE VOTE, PURSUANT TO SECTION 29-B OF THE
CHARTER OF THE CITY OF MIAMI, FLORIDA, AS AMENDED, WAIVING COMPETITIVE
BIDDING AND AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE AN
AMENDED AND RESTATED GROUND LEASE WITH HRM OWNER LLC, THE EXISTING
TENANT ("TENANT"), TO PROVIDE FOR A NEW TERM NOT TO EXCEED NINETY-NINE
(99) YEARS AND AN EXPANDED GROUND LEASE TO INCLUDE THE EXISTING HYATT
HOTEL AND ALSO THE JAMES L. KNIGHT CONVENTION CENTER PROPERTY
LOCATED AT 298, 300, 330, & 400 SOUTHEAST 2ND AVENUE (COLLECTIVELY,
"PROPERTY"), PROVIDING FOR THE REDEVELOPMENT OF THE PROPERTY TO
INCLUDE AT LEAST A 615 KEY HOTEL, 188,000 SQUARE FEET OF
CONVENTION/MEETING SPACE, 682 APARTMENTS, PARKING, ADDITIONAL PUBLIC
OPEN SPACE, AND AN EXPANDED PUBLIC RIVERWALK, ALL AT NO COST TO THE
CITY, FOR NO LESS THAN FAIR MARKET VALUE RENT WITH ADDITIONAL TERMS AND
CONDITIONS FURTHER DEFINED IN THE TERM SHEET, ATTACHED AND
INCORPORATED AS "EXHIBIT A"; PROVIDING FOR AN ANNUAL RENT SCHEDULE, IN
AN AMOUNT OF ONE MILLION DOLLARS ($1,000,000) FOR THE 1ST YEAR, ONE
MILLION TWO HUNDRED FIFTY THOUSAND DOLLARS ($1,250,000) FOR THE 2ND
YEAR, ONE MILLION FIVE HUNDRED THOUSAND DOLLARS ($1,500,000) FOR THE 3RD
YEAR, ONE MILLION SEVEN HUNDRED FIFTY THOUSAND DOLLARS ($1,750,000) FOR
THE 4TH YEAR, TWO MILLION DOLLARS ($2,000,000), FOR THE 5TH YEAR, ALL
CONSTRUCTION RENT (CONSTRUCTION RENT") FOR THE PERIOD BEGINNING ON
THE COMMENCEMENT DATE AND ENDING ON THE MINIMUM RENT COMMENCEMENT
DATE ("CONSTRUCTION RENT PERIOD"), AFTER THE CONSTRUCTION RENT PERIOD,
PAYMENT TO THE CITY AN AMOUNT EQUAL TO THE GREATER OF MINIMUM ANNUAL
BASE RENT OF TWO MILLION FIVE HUNDRED THOUSAND DOLLARS ($2,500,000.00)
OR PARTICIPATION RENT EQUAL TO 2.5% OF GROSS REVENUES ("MINIMUM RENT")
AS OF THE MINIMUM RENT COMMENCEMENT DATE, SUBJECT TO ANNUAL
INCREASES AND ADJUSTMENTS THEREAFTER AS OUTLINED IN THE TERM SHEET;
FURTHER PROVIDING THAT TENANT SHALL MAKE A TWENTY FIVE MILLION DOLLAR
($25,000,000.00) PAYMENT TO THE CITY FOR AFFORDABLE HOUSING; ALL
AGREEMENTS WITH RESTRICTIONS, REVERSIONS, AND RETENTION BY THE CITY OF
ALL OTHER EXISTING CITY RIGHTS;, AND WITH SUCH OTHER TERMS MORE
PARTICULARLY SET FORTH IN THE TERM SHEET, ALL IN FORMS ACCEPTABLE TO
THE CITY ATTORNEY.
The Miami City Commission requests all interested parties be present or represented at the
meeting and may be heard with respect to any proposition before the City Commission in
which the City Commission may take action. Should any person desire to appeal any decision
of the City Commission with respect to any matter to be considered at this meeting, that
person shall ensure that a verbatim record of the proceedings is made including all testimony
and evidence upon which any appeal may be based (F.S. 286.0105).
Pursuant to Miami City Code Section 2-33(o), whenever a scheduled City Commission
meeting is cancelled or is not held due to a lack of a quorum or other emergency, a special
City Commission meeting will be automatically scheduled for the Tuesday immediately
following the cancelled meeting. In the event of one of the aforementioned circumstances, the
special meeting would be held on May 16, 2023, at 9:00 a.m. in the City Commission
chambers located at Miami City Hall, 3500 Pan American Drive, Miami, FL 33133. All of the
scheduled agenda items from that cancelled meeting shall automatically be scheduled as an
agenda item at the special City Commission meeting. The City Clerk shall notify the public of
the special meeting that is to take place by placing a notice of the special City Commission
meeting at the entrance of City Hall and the City's main administrative building, placing a
notice on the City's website, and, if feasible, placing an ad in a newspaper of general
circulation before the special meeting on the immediately following Tuesday. There shall be
no additional notice by publication required for any such scheduled agenda item that is moved
to the special City Commission meeting.
In accordance with the Americans with Disabilities Act of 1990, persons needing special
accommodations to participate in this proceeding may contact the Office of the City Clerk at
(305) 250-5361 (Voice) no later than five (5) business days prior to the proceeding. TTY users
may call via 711 (Florida Relay Service) no later than five (5) business days prior to the
proceeding.
(City Seal)
Todd B. Hannon
City Clerk
Ad No. 40294