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HomeMy WebLinkAboutMaster ReportFile Number: 09-00289 Version: 2 City of Miami Master Report Enactment Number: R-09-0207 File Type: Resolution Reference: File Name: Execute Fourth Amendment -Flagstone Requester: Department of Public Facilities Cost: City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Status: Passed Controlling Body: City Attorney Introduced: 3/9/2009 Final Action: 4/23/2009 Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING THE CITY MANAGER TO EXECUTE THE FOURTH AMENDMENT ("FOURTH AMENDMENT"), IN SUBSTANTIALLY THE ATTACHED FORM, TO THE AGREEMENT TO ENTER INTO GROUND LEASE ( "AGREEMENT TO ENTER") AND TO THE GROUND LEASE ( "GROUND LEASE"), BETWEEN THE CITY OF MIAMI ("CITY') AND FLAGSTONE ISLAND GARDENS, LLC ("FLAGSTONE"), TO PROVIDE FOR: (1) PHASED DEVELOPMENT ON A COMPONENT BY COMPONENT BASIS; (2) EXTENDING THE CONSTRUCTION PERIOD FROM THIRTY-SIX (36) MONTHS TO SIXTY (60) MONTHS; (3) PRO -RATED PHASED DEVELOPMENT RENT, IN ADDITION TO THE CONSTRUCTION RENT OF ONE MILLION DOLLARS ($1,000,000) A YEAR; (4) CERTAIN MILESTONE DATES IN THE TIMELINES FOR CONSTRUCTION COMMENCEMENT AND OTHER DEVELOPMENT MATTERS; (5) SECURITY DEPOSIT(S) ON A COMPONENT BY COMPONENT BASIS; FURTHER AUTHORIZING THE CITY MANAGER AFTER CONSULTATION WITH THE CITY ATTORNEY TO NEGOTIATE AND TO EXECUTE SUCH FURTHER AMENDMENTS TO THE AGREEMENT TO ENTER AND TO THE GROUND LEASE, AS MAY BE NECESSARY FROM TIME TO TIME AND TO ACCOMPLISH CONSTRUCTION ON A COMPONENT BY COMPONENT BASIS, PROVIDED THAT SUCH AMENDMENTS ARE NOT SUBSTANTIAL AND (A) ARE IN ACCORDANCE WITH THE MEGA YACHT MARINA AND MIXED USE WATERFRONT DEVELOPMENT REQUEST FOR PROPOSALS AND ALL ADDENDA THERETO; (B) ARE IN ACCORDANCE WITH THE VOTER REFERENDUM OF NOVEMBER 6,2001; (C) WOULD RESULT IN NO REVENUE REDUCTION TO THE CITY; (D) WOULD NOT EXTEND THE CONSTRUCTION PERIOD PAST THE SIXTY (60) MONTH PERIOD; AND (E) SHALL INCLUDE DIRECTIVES AS SET FORTH BELOW. Sponsors: Notes: Indexes: Attachments: 09-00289 Legislation.pdf,09-00289 Exhibit.pdf,09-00289 Summary Form.pdf,09-00289-Submittal-Stephen Herbits.pdf,09-00289-Email-Joshua Stein.pdf, History of Legislative File Version: Acting Body: Date: Action: Sent To: Due Date: Return Date: Result: 1 Office of the City 4/15/2009 Reviewed and Attorney Approved 2 City Commission 4/23/2009 ADOPTED WITH Pass MODIFICATIONS 2 Office of the Mayor 4/29/2009 Signed by the Mayor Office of the City Clerk City of Miami Page 1 Printed on 6/6/2017 TY OP F * ue IF wln w �� < 0 R 1 O City of Miami Master Report Enactment Number: R-09-0207 Office of the City Clerk 4/29/2009 Office of the City 5/2/2014 Attorney Signed and Attested by City Clerk Reviewed and Approved City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com City ofMiami Page 2 Printed on 61612017