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Master Report
Enactment Number: R-06-0537
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 06-01263
Version: 1
File Type: Resolution Status: Passed
Reference: Controlling Body: Office of the City
Clerk
File Name: PSA w/ Staubach Comp. Northeast, Inc.
Requester: Department of Public Facilities Cost:
Introduced: 7/14/2006
Final Action: 9/12/2006
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING
THE CITY MANAGER TO EXECUTE AN AGREEMENT, IN SUBSTANTIALLY THE ATTACHED
FORM, WITH STAUBACH COMPANY, NORTHEAST ("STAUBACH"), FOR THE PURPOSE OF
PROVIDING REAL ESTATE AND FINANCIAL ADVISORY SERVICES IN CONNECTION WITH
THE POTENTIAL DISPOSITION OF THE JAMES L. KNIGHT CENTER COMPLEX; PROVIDING
FOR A FEE OF $200,000, FOR PHASE 1 SERVICES; ALLOCATING FUNDS FROM CAPITAL
IMPROVEMENTS PROJECT NOS. 311047 AND 344102 UNDER B#70500; PROVIDING THAT IN
THE EVENT THE CITY OF MIAMI ("CITY") ELECTS TO PROCEED WITH DISPOSITION OF
THE PROPERTY, OR PORTIONS THEREOF, STAUBACH SHALL PROVIDE MARKETING AND
DISPOSITION SERVICES FOR WHICH THEY WILL BE PAID A COMMISSION OF 1.5% OF THE
FIRST $15 MILLION OF SALE PROCEEDS AND 3% OF SALES PROCEEDS IN EXCESS OF $15
MILLION, PER TRANSACTION, AND THE INITIAL $200,000 FEE DUE FOR PHASE 1, SHALL
BE CREDITED AGAINST THE COMMISSION EARNED; PROVIDING THAT IN THE EVENT THE
CITY WISHES TO ACQUIRE ANY OF THE VARIOUS INTERESTS FOR THE PURPOSE OF
FACILITATING THE OVERALL DISPOSITION OF THE PROPERTY, STAUBACH SHALL BE PAID
2% OF THE PURCHASE PRICE; FURTHER PROVIDING THAT STAUBACH MAY RECEIVE UP
TO $50,000, IN REIMBURSABLE EXPENSES ASSOCIATED WITH ENGAGING THE SERVICES
OF AN ARCHITECTURAL FIRM, APPROVED BY THE CITY, TO STUDY RE -USE CONCEPTS.
Sponsors:
Notes:
Indexes:
Attachments: 06-01263 Legislation.pdf,06-01263 Exhibit.pdf,06-01263 Exhibit 2 pdf.pdf,06-01263 Exhibit 3
pdf.pdf,06-01263 Summary Form.pdf,
History of Legislative File
Version: Acting Body:
Date: Action: Sent To:
Due Date: Return Date: Result:
Office of the City 7/19/2006
Attorney
City Commission 9/12/2006
Office of the Mayor 9/20/2006
Office of the City Clerk 9/20/2006
Reviewed and
Approved
ADOPTED
Signed by the Mayor Office of the City
Clerk
Signed and Attested
by City Clerk
Pass
City of Miami Page 1 Printed on 2/15/2017