HomeMy WebLinkAboutsummary formAGENDA ITEM SUMMARY FORM
FILE ID: 0,5 - O o 25
Date: March 2, 2005 Requesting Department: Economic Development
Commission Meeting Date: April 14th, 2005 District Impacted: 3
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ['Discussion Item
❑ Other
Subject:
Purpose of Item:
A Resolution of the Miami City Commission, with attachment(s), accepting the recommendation o:f
the City Manager to approve the findings of the evaluation committee pursuant to the request fo:r
proposal, that the firms most qualified to purchase, plan, design and construct a mixed -used project on
the City of Miami property previously known as El Teatro Marti, located at 400-430 S.W. 8rn Avenue,
are: (1) Amco Holdings, LLC ("Top -ranked firm") and (2) El Teatro Development, LLC ("Second -
ranked firm). Authorizing the City Manager to negotiate a purchase and sale agreement with the top -
ranked firm. Further authorizing the City Manager to negotiate an agreement with the second -ranked
firm, in the event that the top -ranked firm requires extraordinary zoning approval or should
negotiations fail. Directing that the negotiated agreement be presented to the City Commission for
consideration.
Background Information:
--
The City Commission previously approved Resolution 03-591, declaring as surplus, the property
located at 400-430 S.W. 8th Avenue. An RFP was issued to find an experienced developer to
purchase, plan, design, develop and construct a mixed -used project on the site. Three proposals where
received and evaluated by the Evaluation Committee. The Evaluation Committee recommended that
the City negotiate a Purchase and Sale Agreement with the top -ranked firm, Amco Holdings LLC and
should negotiations fail or if their project's design requires extraordinary zoning approvals, the City
Manager, at his sole and reasonable discretion, could proceed to negotiate with the second -ranked
firm, El Teatro Development LLC, with the condition that they include a retail component and
sufficient parking spaces.
Budget Impact Analysis
NO Is this item related to revenue?
NO Is this item an expenditure? If so, please identify funding source below.
General Account No:
Special Revenue Account No:
CIP Project No:
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
CIP N/A
Final Approvals
(SIGN AND DATE)
Budget
If using or receiving capital funds
Grants N/A
Purchasing
Chief
N/A
N/A
Risk Manageme
Department Di e
City Manager
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