HomeMy WebLinkAboutMaster ReportCity of Miami
Master Report
Enactment Number: R-06-0332
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 06-00870
File Type: Resolution
Version: 2 Reference:
Status: Passed
Controlling Body: Office of the City
Clerk
File Name: Executing a First Amendment to Lease Agmt. - Beasley -Reed Introduced: 5/11/2006
Aquisition Partnership
Requester: Department of Public Facilities Cost: Final Action: 5/25/2006
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), BY A
FOUR -FIFTHS (4/STHS) AFFIRMATIVE VOTE, AFTER AN ADVERTISED PUBLIC HEARING,
AUTHORIZING THE CITY MANAGER TO EXECUTE A FIRST AMENDMENT TO LEASE
AGREEMENT ("AMENDMENT"), IN SUBSTANTIALLY THE ATTACHED FORM, BETWEEN THE
CITY OF MIAMI ("CITY") AND BEASLEY-REED ACQUISITION PARTNERSHIP, A DELAWARE
PARTNERSHIP, FOR THEIR LEASING OF APPROXIMATELY TWO AND TWO -TENTHS (2.2)
ACRES OF THE CITY'S PROPERTY IN VIRGINIA KEY, MIAMI, FLORIDA, WITH SAID
AMENDMENT PROVIDING FOR: 1) AN EXTENSION FOR SIX ADDITIONAL YEARS
("EXTENSION TERM") COMMENCING ON SEPTEMBER 3, 2007 AND EXPIRING SEPTEMBER
2, 2013; 2) MUTUAL TERMINATION RIGHTS UPON 180-DAYS PRIOR WRITTEN NOTICE
COMMENCING IN THE SECOND YEAR OF THE EXTENSION TERM; AND 3) AN INITIAL
INCREASE IN RENT TO $150,000 ANNUALLY, COMMENCING SEPTEMBER 3, 2007, PLUS
SALES AND USE TAX, IF APPLICABLE; FURTHER DIRECTING THE CITY MANAGER TO
PROVIDE THAT FIFTY PERCENT (50%) OF THE RENTAL REVENUE BE PROVIDED TO THE
VIRGINIA KEY PARK TRUST AND THAT THE REMAINING FIFTY PERCENT (50%) BE
RESERVED FOR IMPROVEMENTS RELATED TO THE IMPLEMENTATION OF
RECOMMENDATIONS TO BE CONTAINED IN THE UPDATED VIRGINIA KEY MASTER PLAN.
Sponsors:
Notes:
Indexes:
Attachments: 06-00870 Legislation.pdf,06-00870. Exbit 1-2 SUB.pdf,06-00870 Public Hearing Memo.pdf,06-00870
Notice of Public Hearing .pdf,06-00870 Summary Fact Sheet SUB.pdf,
History of Legislative File
Version: Acting Body:
Date: Action: Sent To:
Due Date: Return Date: Result:
2 Office of the City
Attorney
2 City Commission 5/25/2006
2 Office of the Mayor 5/31/2006
2 Office of the City Clerk 5/31/2006
5/24/2006 Review Pending
ADOPTED WITH
MODIFICATIONS
Signed by the Mayor Office of the City
Clerk
Signed and Attested
by City Clerk
Pass
City ofMiami Page 1 Printed on 1/26/2017
City of Miami
Master Report
Enactment Number: R-06-0332
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
2 Office of the City 8/24/2007 Reviewed and
Attorney Approved
Action Note: modifications made by law
City of Miami Page 2 Printed on 1/26/2017