HomeMy WebLinkAboutM-81-0556HOLYWELL CONSTRUCTION C(3MPA10
100 CHOPIN PLAZA
MlAMI, FLORIDA 33131
005► 371.4200
HOLYWEL-L
Mr. Howard Gary
City Manager
CITY OF MIAMI
3500 Pan American Drive
Miami, Florida 33133
Dear Mr. Gary:
_ The Holywell Construction Company and Mr. Theodore B. Gould ("Developer")
hereby submit for your consideration the following proposal for the temporary
use of the south -end Bandshell area of Bayfront Park.
1. The City of Miami ("City") grants to Developer the exclusive
use of the Bandshell area of Bayfront Park as outlined on Exhibit "A",
attached hereto.
2. The term of this Agreement shall commence on July 1, 1981 and
end on February 28, 1982, both dates inclusive.
3. In consideration thereof, Developer agrees to:
(a) Pay to the City a monthly sum of $5,000.00;
(b) Pay all costs for the demolition and removal of the existing
Bandshell and benches;
(c) Allow the continued operation of the parking lot located
on Block 2 of DuPont Plaza;
(d) Fence the perimeter of said Bandshell area and provide
security personnel to patrol said area on a full-time, 24-
f> hour -day basis;
4. The Developer further agrees that:
(a) No trees will be removed from the Park area except as
may be necessary to demolish the Bandshell; „=
r' r S� • i i
f „I
Howard Gary
June It, 1981
Page Two
HOLYWELL
N6 part of Biscayne Boulevard will be closed to public
traffic) except, when necessary, those portions where
easements exist to install or service utility lines, storm
sewers, telephone equipment and such other under-stree
work as may be necessary from time to time.
Upon Your acceptance of this Agreement, Developer and City will
4 bound by the terms outlined above, for the term herein specified.
Sincerely yours,
t
HOLYWELL CONSTRUCTION COMPANY
By:
1 gj�
1 P.M I
W' "! NN N!. I it
Theodore B. Gould
to and Accepted:
City of Miami
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EXHIBIT A f k
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Howard V, Gary
CM
CItY Or- MIAMI. FI_O ':;
INttk—OFFICE MEMOi ANOUPA
MAT June 16, 1981
ity anager 1
! g3e Use of Bayfront park
Holywell Corporation
/ �Jk
:Y Vi ntent E. Grimm Jr., X , ter,•.
Assistant City,Managei
11
At the June 8, 1981 City Commission meeting, the Commission agreed in principle
to the use by the Holywell Corporation of a portion of Bayfront Park. This use
was conditioned on the following:
- That the existing lot presently used for public parking
in Du Pont Plaza remain for public parking./,l `
- That the City be paid a monthly rent commensurate with
the income received from the lot used for public parking.
- That any development costs in Bayfront Park, specifically
the demolition of the bandshell, be paid by the developer1,14
- That no trees be removed from the park area.;..f
Th
=„ ON
y;
ti
..
at no portion of Biscayne Boulevard or Biscayne Boulevard
Way be closed during construction.
- That Mr. Gould provide funds for the construction of a ••��
fountain to be designed by Mr. Noguchi.
At your request, I met with Mr. Cable and Mr. Yaffa, representing the Holywell
Corporation. As you can see, the attached letter agreement prepared by the Holywell
Corporation tracks the City Commission's request, however, I would like to point
out these differences:
The private parking lot has 257 spaces. If we assume a rate
of $3.25 per day, which is the posted rate, then the lot
would produce $800 per day. If we assume that the lot will
only operate 20 days per month, we would have about $16,000 per
month gross revenue. If we further assume a 50`� management
fee, then the revenues from the lot would be close to $8,000
per month. This is different than the $3,000 per month
suggested by the Holywell Corporation. It should be kept
in mind, however, that there will be an expense to the Holywell
Corporation for the demolition of the bandshell and other `
improvements. If we assume a cost of approximately $20,000 to
$35,000 and prorate this over the 8 months suggested for the rental,
this would make the $3,000 per month close to the Commission requirement.
81 - 5;-)6
Wool
Pago 2
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- 'rho last point was that the developer would agree to
= outer into negotiations regarding the fountain; that;5;;a{;
the fountain be named after an individual of the developer's,.TS
f, :,O
,;^
Choice and funded as an advance on property taxes. During
'
my meeting, this approach was stated as having been agreed
— to by the City and Holywell Corporation in a meeting last
sl""`ice
year. I cannot comment
co on any previous agreement.
= It is suggested that this letter form of agreement be attached to
the City
— Commission packet and that the final terms be negotiated during the
City
4'`'"'`
-- Commission meeting.
1'
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HOLYWFIL CONSTRUCtION COMPANY
100 ('110VIN PLAZA
k ilAil, RORIDA 33131
0051 371-42M
%
HOLYWELL
g
R-
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Mr. Howard aa±y
City ;Manager
CIV of I-amil
A
1500 Pan kwrican Drive
Miami Florida
33131
Dear Mr. Gary:
The Holywell. Construction Company and PIr. Theodore D. Gould
("Developer") hereby submit for your consideration the follow-
ing proposal for the tenporary use of the south -end Bandshell area
of Bayfront Park.
1. The City of miani ("City") grants to Developer tlio ex-
clusive use of the Bandshcll area of Bayfront Park as
outlined on E;-J-1ibit "A" attached hereto
2.
The
term of this Tvirceniont shall comnanco on July 1, 1981
and
end February 28, 1982, both dates inclusive.
N
In consideration thereof, Developer agrees to:
(a)
L.Y L
Pay to tho City a monthly sw�i of $3,000.00-
(b)
Pay all costs for the domlition and resoval of
the existing Bandshell and benches;
All(. -Ai the continued opocration of the park.ing lot
.30
located on Block 2 of Dupont Plaza;
(d)
Fence the petmetor of said ["-idsholl area and
prov ide security 1--x--rsonnol to patrol said area
on a full-tin-e, 24 hour day basis;
Developer further agrees that:
(a)
No trees will 11 L-A-- removed f rcxn the Park area except
as may be necssary to dawlish the Bandshell;
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t1dward 0,
cuho 17, 1981
jo qb
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HOLYWELL 30
I T
F
0 13aft of Biscayne rx)ulvedard or Biscayne Boule-
Vard Way will be closed to public traffic, except,
when necessary, those portions where easer-,ents
exist to install or sentice utility lines, storm
servers, telephone equim-ient and such other under-
street %,ork as may be necessary from time to tim.
acceptance of this Agro M.Yaht, Developer and City
Upon your c mill
be bound by the term outlined above, for the term, herein
specified.
Sincerely yours,
IIOLIAIFJL OYNSTRUCricti M.1pi'vy . . . . . . . . . . . . . . . . . . . . . . . . . . . .
A MIU D,
Lrtigu. MY - N
wo.'t� R, 6. 4M,
'S J�r
(Sea
MJohn
Cable Vice President
E_
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Yf
'Moodore B. Could
4gr to Lvd and 111c d
City of Miard
Havard Gary, City manager t"IPPROM) AS 110 RX01 NM CORRECT, IESS
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CITY 1tv121O10;EY
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