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HomeMy WebLinkAboutLegislationCity of Miami Legislation Resolution City Hall 3500 Pan American Drive Miami, FL 33133 www.ci.miami.fl.us File Number: 06-00458 Final Action Date: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING THE CITY MANAGER TO EXECUTE A SUBMERGED LANDS EASEMENT AGREEMENT ("EASEMENT AGREEMENT"), IN SUBSTANTIALLY THE ATTACHED FORM, WITH CORAL REEF YACHT CLUB, A NON-PROFIT CORPORATION ("GRANTEE"), FOR THE GRANTEE'S USE OF APPROXIMATELY 4.21 ACRES OF CITY -OWNED SUBMERGED LAND LOCATED WATERWARD OF 2484 SOUTH BAYSHORE DRIVE, MIAMI, FLORIDA, FOR MARINA PURPOSES; PROVIDING FOR PAYMENT BY GRANTEE IN THE AMOUNT OF $1,140,000, IN CONSIDERATION FOR THE EASEMENT, WITH TERMS AND CONDITIONS AS MORE PARTICULARLY SET FORTH IN SAID EASEMENT AGREEMENT. WHEREAS, Coral Reef Yacht Club ("Grantee") is the fee simple owner of uplands located at approximately 2484 South Bayshore Drive, Miami, Florida ("Grantee's Property"); and WHEREAS, the City of Miami ("City") is the fee simple owner of approximately 4.21 acres of submerged land Tying adjacent to Grantee's Property; and WHEREAS, the Grantee is the only possible user of the easement area; and WHEREAS, the easement consideration was established as fair market value based upon two independent appraisals; and WHEREAS, the effectuation of a Submerged Lands Easement Agreement ("Easement Agreement") and Purchase and Sale Agreement are conditioned upon receiving the Board of Trustees of the Internal Improvement Trust Fund's approval of said Easement Agreement; 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 is authorized(1) to execute an Easement Agreement, in substantially the attached form, with the Grantee, to provide for the Grantee's use of approximately 4.21 acres of City -owned submerged land located waterward of the Grantee's Property, for marina purposes, with payment by the Grantee in the amount of $1,140,000, provided for in consideration for the easement, with terms and conditions as more particularly set forth in the Easement. 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: 3/21/2006 File Number: 05-00458 APPROV .. •FORM AND RECTNESS; ORG L FE CITY A OR EY Eto 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: 3/21/2006