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Legislation
Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.ci.miaml.fl.us
File Number: 05-00544 Final Action Date:
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
AUTHORIZING THE CITY MANAGER TO EXECUTE A RELEASE, DISCHARGE
AND WAIVER OF REVERTER ("REVERTER RELEASE"), IN SUBSTANTIALLY
THE ATTACHED FORM, FOR A PORTION OF NORTHEAST 20TH STREET FROM
MARGARET PACE PARK WEST TO BISCAYNE BOULEVARD, MIAMI, FLORIDA,
AS MORE LEGALLY DESCRIBED IN THE ATTACHED REVERTER RELEASE, IN
CONNECTION WITH THE DEVELOPMENT OF A PROJECT IN THE OMNI
COMMUNITY REDEVELOPMENT AREA.
WHEREAS, Resolution No. 01-1127, adopted October 25, 2001, authorized the City Manager to
issue a deed containing certain restrictions and conditions conveying a portion of Northeast 20th Street
from Margaret Pace Park west to Biscayne Boulevard ("Property"), to the City of Miami ("City") Omni
Community Redevelopment Agency ("Omni CRA") for the purpose of inducing economic development
in the area; and
WHEREAS, the Omni CRA conveyed the Property to Finger Biscayne, LLC., a Florida limited
liability corporation ("Finger Biscayne"), containing the same restrictions and conditions as included in
the City's deed to the Omni CRA; and
WHEREAS, Finger Biscayne has requested that the City release its reverter on the Property as the
conditions on the deed have been fulfilled; and
WHEREAS, the Departments of Building, Planning and Zoning have confirmed that Finger
Biscayne has satisfied and complied with all of the conditions pursuant to said Resolution and the
deed; and
WHEREAS, Finger Biscayne has released all legal rights, title and interest in Margaret Pace Park
pursuant to a certain release dated March 4, 2002 and recorded in the public records of Miami -Dade
County, Florida;
NOW, THEREFORE, BE 1T RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI,
FLORIDA;
Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by
reference and incorporated as if fully set forth in this Section.
Section 2. The City Manager is authorized{1} to execute a Release, Discharge and Waiver of
Reverter ("Reverter Release"), in substantially the attached form, for the Property, as more legally
described in the attached Reverter Release, in connection with the development of a project in the
Omni Community Redevelopment area.
Section 3. This Resolution shall become effective immediately upon its adoption and signature of
the Mayor.{2}
City of Miami Page 1 of 2 Printed On: 6/13/2005
File Number: 05-00544
APPROVED AS TO FORM AND CORRECTNESS:
JORt E RNANDEZ
CIT1 T NEY
Footnotes:
{1} The herein authorization is further subject to compliance with all requirements that may be
imposed by the City Attorney, including but not limited to those prescribed by applicable City
Charter and Code provisions.
{2} If the Mayor does not sign this Resolution, it shall become effective at the end of ten calendar
days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall
become effective immediately upon override of the veto by the City Commission.
City of Miami Page 2 of 2 Printed On: b/13/2005