HomeMy WebLinkAboutMaster ReportFile Number: 09-01431
Version: 1
File Name: Flagstone
City of Miami
Master Report
Enactment Number: R-09-0595
File Type: Resolution
Reference:
Requester: Department of Public Facilities Cost:
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Status: Passed
Controlling Body: Office of the City
Clerk
Introduced: 12/10/2009
Final Action: 12/17/2009
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING AND DIRECTING THE
CITY MANAGER AND THE CITY ATTORNEY TO TAKE ALL NECESSARY AND APPROPRIATE
ACTIONS IN ORDER (1) TO REQUEST THE ESCROWED FUNDS TO BE PAID PROMPTLY TO
THE CITY OF MIAMI ("CITY") UNDER THE ESCROW AGREEMENT, DATED SEPTEMBER 27,
2005 ("ESCROW AGREEMENT") WITH FLAGSTONE ISLAND GARDENS, LLC, A DELAWARE
LIMITED LIABILITY COMPANY, AS SUCCESSOR BY MERGER TO FLAGSTONE PROPERTIES
LLC, AS DEVELOPER (COLLECTIVELY, "FLAGSTONE") AND SHUTTS & BOWEN, LLP
("ESCROW AGENT"), (2) TO TERMINATE THE AGREEMENT TO ENTER INTO GROUND
LEASE, DATED JANUARY 1, 2003, INCLUDING ALL EXHIBITS AND AGREEMENTS
ATTACHED THERETO, AS SUBSEQUENTLY AMENDED (COLLECTIVELY, THE "AGREEMENT
TO ENTER") WITH FLAGSTONE FOR THE MEGA YACHT MARINA AND MIXED USE
WATERFRONT DEVELOPMENT PROJECT ON WATSON ISLAND (THE "PROJECT"), (3) TO
TERMINATE AS NECESSARY ALL EASEMENTS GRANTED TO FLAGSTONE AND ALL OTHER
AGREEMENTS WITH FLAGSTONE, (4) TO RETURN TO AND OBTAIN FOR THE CITY, ALL
RIGHTS IN THE PROJECT, THE PROPERTY, THE ESCROWED FUNDS, AND THE RELATED
PERMITS, GOVERNMENTAL APPROVALS, DOCUMENTS, INSTRUMENTS AND
AGREEMENTS, AND (5) TO PROTECT THE CITY'S INTERESTS AND RIGHTS IN THE
PROPERTY AND THE PROJECT.
Sponsors:
Notes:
Indexes:
Attachments: 09-01431 Legislation.pdf,09-01431 Summary Form.pdf,09-01431-Submittal-City Manager -Letter from
Shutts and Bowen.pdf,09-1431-Submittal-Release requested by Chair Sarnoff.pdf,
History of Legislative File
Version: Acting Body: Date: Action: Sent To: Due Date: Return Date: Result:
1 Office of the City 12/14/2009 Reviewed and
Attorney Approved
1 City Commission 12/17/2009 TABLED
1 City Commission 12/17/2009 ADOPTED WITH
MODIFICATIONS
1 Office of the Mayor 12/28/2009 Signed by the Mayor Office of the City
Clerk
1 Office of the City Clerk 12/31/2009 Signed and Attested
by City Clerk
Pass
City of Miami Page I Printed on 7/12/2017
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City of Miami
Master Report
Enactment Number: R-09-0595
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
City ofMiami Page 2 Printed on 711212017