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Legislation
Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www,cl,miami,tl,us
File Number: 06-0044S
Final Action Date:
A RESOLUTION OF THE MIAMI CITY COMMISSION ACCEPTING THE
RECOMMENDATION OF THE CITY MANAGER APPROVING THE FINDINGS OF
THE EVALUATION COMMITTEE, PURSUANT TO REQUEST FOR LETTERS OF
INTEREST NO. 05-06-025, ISSUED JANUARY 18, 2006, THAT THE FIRMS MOST
QUALIFIED TO PROVIDE REAL ESTATE AND FINANCIAL ADVISORY SERVICES
IN CONNECTION WITH THE POTENTIAL DISPOSITION OF THE JAMES L.
KNIGHT CENTER COMPLEX IN RANK ORDER ARE: (1) STAUBACH COMPANY,
NORTHEAST, INC. AND (2) CUSHMAN AND WAKEFIELD, INC.; AUTHORIZING
THE CITY MANAGER TO NEGOTIATE AN AGREEMENT WITH STAUBACH
COMPANY, NORTHEAST, INC., THE TOP -RANKED FIRM; FURTHER
AUTHORIZING THE CITY MANAGER TO NEGOTIATE AN AGREEMENT WITH
THE SECOND -RANKED FIRM, IN THE EVENT NEGOTIATIONS FAIL WITH THE
TOP- RANKED FIRM; DIRECTING THAT THE NEGOTIATED AGREEMENT BE
PRESENTED TO THE CITY COMMISSION FOR CONSIDERATION.
WHEREAS, on January 18, 2006, the City of Miami ("City") issued Request for Letters of Interest
("RFLI") No. 05-06-025, seeking a qualified firm with extensive real estate financial advisory
background and experience to provide negotiation and financial advisory services to the City in
connection with the potential sale of the James L. Knight Center complex ("Property") located in
downtown Miami; and
WHEREAS, the Property encompasses the City's Convention Center and the sites of the Hyatt
Hotel and University of Miami Conference Center located at 400 Southeast 2 Avenue, Miami, Florida,
the parking garage located at 100 Southeast 2 Street, Miami, Florida, and the walkway between the
office tower and the Convention Center; and
WHEREAS, two (2) proposals were received and evaluated by an Evaluation Committee; and
WHEREAS, following oral presentations, the Evaluation Committee recommended that the City
negotiate an agreement with the top -ranked firm, Staubach Company, Northeast Inc.; and
WHEREAS, the Evaluation Committee agreed that in the event negotiations with the top -ranked
firm fail, the City Manager could proceed to negotiate with the second -ranked firm, Cushman and
Wakefield, Inc.;
NOW, THEREFORE, BE IT 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's recommendation to approve the findings of the Evaluation
Committee, pursuant to RFLI No. 05-06-025, issued January 18, 2006, that the firms most qualified to
City of Miami
Page 1 of 2 Printed On: 4/4/2006
File Number: 06-00448
provide real estate and financial advisory services in connection with the potential disposition of the
Property in rank order are: (1) Staubach Company, Northeast, Inc. and (2) Cushman and Wakefield,
Inc., is approved.
Section 3. The City Manager is authorized{1} to negotiate an Agreement with Staubach Company,
Northeast, Inc., the top -ranked firm.
Section 4. The City is further authorized{1} to negotiate an Agreement with the second -ranked firm,
in the event negotiations with the top -ranked firm fail.
Section 5. The City Manager is directed to present the negotiated Agreement to the City
Commission for consideration.
Section 6. This Resolution shall become effective immediately upon its adoption and signature of
the Mayor.{2}
APPR• ED AS TO FORM AND CORRECTNESS`/
JORG L. ' ERNANDEZ
CIT • ' 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} This Resolution shall become effective as specified herein unless vetoed by the Mayor within ten
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 or upon the effective date
stated herein, whichever is later.
City of Miami
Page 2 of 2 Printed On: 3/27/2006