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HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMIIIARY FORM FIL1t ID: o 6- 0 017 7 Date: April 27, 2006 Requesting Department: Public Facilities (Asset Mngt.) Commission Meeting Date: May 11, 2006 District Impacted: 2 Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance 0 Discussion Item ❑ Other Subject: Amendment to Easement Agreement for City -owned property located at 501 Brickell Avenue (Brickell Park). Purpose of Item: A resolution, with attachments, authorizing the City Manager to execute an Amendment, in the form attached hereto, as Attachment A, to a temporary construction easement agreement on city -owned property located at 501 Brickell Avenue, Miami, Florida, in favor of City National Bank of Florida, a national banking corporation, as trustee under Land Trust Agreement Number 2401-1863-000 (the "Easement"), to reduce the term of the easement from a period not to exceed five (5) years to a period not to exceed four (4) years from November 18, 2005, the effective date of the original easement and to increase the size of the easement area by approximately 12,560 square feet, as depicted in Attachment B, attached thereto. Background Information: The City National Bank of Florida and the City of Miami are parties to a certain Easement dated the 18th day of November, 2005 and recorded in the Official Records Book 24097, Page 2136 of the Public Records of Miami -Dade County, Florida (the "Easement"). The City National Bank of Florida has requested the City to amend the Easement to reduce its term from a period not to exceed five (5) years to a period not to exceed four (4) years from November 18, 2005, the effective date of the original easement, and to expand the Easement area by 12,560 square feet, as depicted in Attachment "B" hereto. The use of the Easement is limited to temporary construction, staging and/or development, construction and peroration of a temporary marketing and sales office, together with signage and related parking facilities. Except as provided herein, all of the provisions of the Easement shall remain in full force and effect. 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 If using or receiving capital funds Grants Purchasin Chie Budget Final Approvals (SIGN AND DATE) Risk Managem •IMIEVAllra k Dept. Directo r City Manager 1 111•1'w Page 1 of 1