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CM
RESOLUTION NO. 8 0 2 5
RESOLUTION AUTHORIZING AND DIRECTING THE
CITY MANAGER TO EXECUTE A SPECIAL WARRANTY DEED
TO THE STATE OF FLORIDA FOR THE CITY'S INTERAMA
PROPERTY, ACCEPT FROM THE STATE OF FLORIDA ON
BEHALF OF THE CITY OF MIAMI A WARRANT FOR
$8.0 MILLION IN PAYMENT THEREOF, EXECUTE AN
fi1REEMENT ACKNOWLEDGING THE LIMITATIONS OF USE
OF SAID FUNDS AND ABROGATING THE MARCH 15, 1973
AGREEMENT BETWEEN THE CITY OF MIAMI AND THE
INTERAMERICAN CENTER AUTHORITY; FURTHER AUTHORIZING
AND DIRECTING THE CITY MANAGER TO EXECUTE A
SUBLEASE WITH THE FLORIDA STATE BOARD OF REGENTS
FOR 14.9 ACRES OF THE ABOVE MENTIONED PROPERTY FOR
THE PURPOSE OF BUILDING A MARINA: AND APPROVING
CONFIRMING AND RATIFYING THE CITY MANAGERS APPLI-
CATION TO THE STATE DEPARTMENT OF NATURAL RESOURCES
FOR THE LEASING OF 23.6 ACRES OF STATE BAY BOTTOM
LAND FOR A MARINA;
WHEREAS, the City of Miami on May 13, 1960 agreed to sell the
1700 acre "Graves Tract" to the InterAmerican Center Authority for an $8.5
million vendors lien; and
WHEREAS, the latest agreernent signed on March 15, 1973 provided
Miami with a Quit Claim Deed for 92.6 acres of Interama Property to be held
as security; and
WHEREAS, that agreement provided for payments to Miami of
$300,000 semi annually including principal and interest,' to begin on January
1, 1977; and
WHEREAS, no payments have ever been made to Miami for any part
of the Graves Tract; and
WHEREAS, the City's land at Interama had an appraised value of
$13,538,000 in 1972; and
WHEREAS, the City of Miami is rightfully due over $10 million`
including principal and interest under the March 15, 1973 agreement; and
WHEREAS, the 1979 Legislature has approved an $8.0 million
payment to Miami in exchange for all rights,' title and interest in the
property; and
WHEREAS, the Miami City Commission voted on July 23, 1979 to
authorize the City Manager to proceed with the acc p �fof(E '0 million;
"D0CU and ITEM NO. ►�
WHEREAS, the City Commission further instructed the City Manager
to seek the removal of the restrictions on the use of said $8.0 million as well
as discussing other monies owed to Miami by the State of Florida; and
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WHEREAS, the City Manager has discussed with officials of the
State of Florida a method of replacing some of the lost value resulting from
transferring the City property to the State of Florida; and
WHEREAS, those discussions led to a proposed economic oppor-
tunity available only to the City of Miami that would provide for a Public
Marina at the North end of Biscayne Bay; and
WHEREAS, Revenues from said Marina would be shared equally with
the Florida International University through the State Board of Regents in
consideration of the Sublease of 14.9 acres of land; and
WHEREAS, several outstanding Marina and boating experts and
authorities have depicted a shortage of Marina W t Storage Slips in Biscayne
Bay; and
WHEREAS, the Proposed Marina site is ideally located near the
Intercoastal'Waterway with nearby power boat access to the Alantic Ocean; and
WHEREAS, the public Marina can be built and operated by a
management contract and financed with Revenue Bonds; and
WHEREAS, the Proposed Marina will also provide for the Miami -Dade
Community College Oceanographic Research Vessel and Waterfront Activities of
the Florida International. University; and
WHEREAS, the revenues earned by Miami from this opportunity will
in part replace the value lost in transferring the City's Interama property to
the State of Florida;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF
MIAMI, FLORIDA:
Section 1. The City Manager is hereby Authorized and Directed to
Execute a Special Warranty Deed transferring all rights, title and interest in
the City's Property (being a portion of that land also known as the "Grave Tract")
to the Board of Trustees of the Internal Improvement Trust. Fund and to accept
a Warrant from the State of Florida in the amount of $8.0 million representing
payment to the City of Miami for title to the 92.6 acres of property located
at the former site of Interama.
Section 2. The City Manager is hereby Authorized and Directed to
execute an agreement that voids the March 15, 1973 Agreement between the
InterAmerican Center Authority, now dissolved, and the City of Miami and provides
that the City will use the $8.0 million payment described in Section 1 above for
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the purposes stated in Section 125.0104 (5) (a), Florida Statutes
as required by the Florida Legislature.
Section 3. The City Manager is hereby authorized and
directed to execute a Sublease with the Florida Board of Regents
for 14.9 acres of the above described property for the purpose of
building a Marina.
Section 4. The action of the City Manager in making appli-
cation to the Department of Natural Resources on December 19, 1979,
for a lease for 23.6 acres of State Submerged Land adjoining the above
described property for the purpose of building a Marina is hereby
approved, confirmed and ratified and he is hereby further authorized
to proceed with the steps necessary to obtain all of the approvals
needed to qualify for such a lease.
Section 5. The City Manager is instructed to periodically
advise the City Commission of the progress of the Marina proposal.
PASSED AND ADOPTED this 10 day of January , 1980.
ATTEST:
c
A PH G ONGIE, CITY CLERK
PREPARED AND APPROVED BY:
ROBERT F.
MAURICE A. FERRE
CLARK, ASSISTANT CITY ATTORNEY
APPRAS TO F2M AND CORRECTNESS:
GEORGE KN.OX, JR.� CITY ATTORNEY
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MAYOR
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