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Master Report
Enactment Number: R-04-0309
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 04-00465
Version: 2
File Type: Resolution Status: Passed
Reference: Controlling Body: Office of the City
Clerk
File Name: Partial Modification of Restrictions and Reverter - Flagstone Introduced: 4/27/2004
Island, LLC
Requester:
Cost: Final Action: 5/6/2004
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE CITY MANAGER TO
EXECUTE A PARTIAL MODIFICATION OF RESTRICTIONS AND REVERTER, IN A FORM
ACCEPTABLE TO THE CITY ATTORNEY, BETWEEN THE CITY OF MIAMI ("CITY") AND THE
BOARD OF TRUSTEES OF THE INTERNAL IMPROVEMENT TRUST FUND ("TIITF"), TO
ALLOW THE CITY TO LEASE APPROXIMATELY 10.79 ACRES OF UPLAND AND
APPROXIMATELY 13.35 ACRES OF SUBMERGED LAND TO FLAGSTONE ISLAND GARDENS,
LLC, A DELAWARE LIMITED LIABILITY COMPANY, F/K/A AND SUCCESSOR BY MERGER TO
FLAGSTONE PROPERTIES, LLC, A FLORIDA LIMITED LIABILITY COMPANY, FOR THE
DEVELOPMENT AND OPERATION OF A MEGA -YACHT MARINA AND MIXED USE
WATERFRONT PROJECT; FURTHER PROVIDING THE CITY TO COMMENCE PAYING TIITF A
FEE OF FIFTEEN PERCENT (15%) OF THE TOTAL RENT RECEIVED BY THE CITY UNDER
THE LEASE ON THE DATE OR COMPLETION, WITH TERMS AND CONDITIONS AS MORE
PARTICULARLY SET FORTH IN THE WAIVER OF RESTRICTIONS AND REVERTER.
Sponsors:
Notes:
Indexes:
Attachments: 04-00465- cover memo.pdf,
History of Legislative File
Version: Acting Body: Date: Action: Sent To: Due Date: Return Date: Result:
2 City Commission 5/6/2004 ADOPTED Pass
2 Office of the Mayor 5/13/2004 Signed by the Mayor
2 Office of the City 6/13/2005 Reviewed and
Attorney Approved
City of Miami Page 1 Printed on 9/12/2016