HomeMy WebLinkAboutsummary formAGENDA ITEM SUMMARY FORM
FILE ID: 6 ON 6+
Date: 3/16/2005 Requesting Department: Economic Development
Commission Meeting Date: 4/14/2005 District Impacted: 2
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: Resolution authorizing execution of Amendment No. 5 to the Lease Agreement with Grove
Harbour Marina and Marketplace, LLC
Purpose of Item:
Resolution authorizing the City Manager to execute Amendment No. 5 to the Lease Agreement
between the City of Miami ("Lessor") and Grove Harbour Marina and Caribbean Marketplace, LLC
("Lessee") to provide an additional extension to the date of completion of the leasehold improvements
within the City -owned property located at 2640 South Bayshore Drive, Miami, Florida, until
September 30, 2005.
Background Information:
The City Commission adopted Resolution 04-0809 at its December 9, 2004 meeting, authorizing the
City Manager to execute Amendment No. 4 to the Lease to extend the date of completion of the
leasehold improvements until April 30, 2005. Lessee has requested an additional extension to the date
of completion of said improvements due to delays encountered with Florida Power and Light in the
relocation of the electrical facilities preventing the completion of the drainage system and boatyard
facility. Due to the aforesaid reasons, Lessee is requesting to extend the date of completion until
September 30, 2005.
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:
Final Approvals
(SIGN AND DATE)
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Grants
Purchasing
Chief
Budge
Risk Manageme
Dept. Director
City Manager
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