HomeMy WebLinkAboutMaster ReportFile Number: 09-00296
Version: 3
City of Miami
Master Report
Enactment Number: R-09-0178
File Type: Resolution
Reference:
File Name: Modification to Agmt-Parrot Jungle
Requester: City Manager's Office Cost:
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Status: Passed
Controlling Body: Office of the City
Clerk
Introduced: 3/9/2009
Final Action: 4/2/2009
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING
THE CITY MANAGER TO EXECUTE A FOURTH MODIFICATION OF THE LEASE AND
DEVELOPMENT AGREEMENT, IN SUBSTANTIALLY THE ATTACHED FORM, TO THE LEASE
BETWEEN THE CITY OF MIAMI ("CITY") AND PARROT JUNGLE AND GARDENS OF WATSON
ISLAND, INC. ("PARROT JUNGLE"), FOR THE PURPOSE OF GRANTING PARROT JUNGLE A
FORTY EIGHT (48) MONTH DEFERMENT OF MINIMUM ANNUAL RENT IN THE AMOUNT OF
$400,000, FOR AN AGGREGATE AMOUNT OF $1,600,000, AND ANY PERCENTAGE RENT DUE
FROM APRIL 1, 2009 TO MARCH 31, 2013 (THE "DEFERRED RENT"), WITH PARROT JUNGLE
TO PAY THE DEFERRED RENT ON OR BEFORE DECEMBER 31, 2020; THIS DEFERRED RENT
WILL (1) ALLOW PARROT JUNGLE TO RETAIN A MINIMUM OF FOUR HUNDRED (400)
EXISTING FULL-TIME JOBS, (2) SECURE THE CITY'S INTEREST AND OBLIGATION UNDER
THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT SECTION 108 LOAN MADE
TO PARROT JUNGLE, AND (3) PROTECT THE CITY'S COMMUNITY DEVELOPMENT BLOCK
GRANT FUNDING; PROVIDING FOR A RENT ABATEMENT UNDER CERTAIN CONDITIONS;
WITH OTHER TERMS AND CONDITIONS AS MORE PARTICULARLY SET FORTH IN SAID
MODIFICATION.
Sponsors:
Notes:
Indexes:
Attachments: 09-00296-Legislation-SUB.pdf,09-00296-Exhibit-SUB.pdf,09-00296 Summary Form.pdf,
History of Legislative File
Version: Acting Body: Date: Action: Sent To: Due Date: Return Date: Result:
2 Office of the City 3/30/2009 Reviewed and
Attorney Approved
Action Note: MODIFICATIONS MADE BY LAW
3 Office of the City 4/1/2009 Reviewed and
Attorney Approved
Action Note: MODIFICATIONS MADE BY LAW
3 City Commission 4/2/2009 ADOPTED WITH Pass
MODIFICATIONS
3 Office of the Mayor 4/7/2009 Signed by the Mayor Office of the City
Clerk
3 Office of the City Clerk 4/8/2009 Signed and Attested
by City Clerk
City of Miami Page I Printed on 6/5/2017
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City of Miami
Master Report
Enactment Number: R-09-0178
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
City ofMiami Page 2 Printed on 61512017