HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM
FILE ID: Orci- °Dpg'1
Date: 1/9/2008
Commission Meeting Date: 2/14/2008
Requesting Department: Public Facilities /Asset Mgnt.
District Impacted: 3
Type: XI Resolution n Ordinance I I Emergency Ordinance [ I Discussion Item
Other
Subject: Resolution updating the Use Fees for Licensees of office space at Manuel Artime Theater and
Community Center.
Purpose of Item:
A Resolution of Miami City Commission updating use fees for use of office space at the Manuel
Artime Theater and Community Center, located at 900 Southwest 1st Street and 970 Southwest 1st
Street, Miami, Florida, respectively; further authorizing the City Manager to execute revocable license
agreements, in a form acceptable to the City Attorney, with organizations for said purpose; further
authorizing the City Manager to amend existing license agreements to modify the date for use fee
adjustments to take place on October 1 of each year and provide for a 3% per year increase.
Background Information: See attached
Yes
No
Budget Impact Analysis.
Is this item related to revenue? 14 l ,o, rooidej Tib e �- too
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
Final Approvals
(SIGN AND DATE)
Budge
Risk Management
Dept. Director_;
City Manager
If using or receiving capitr1 funds
Grants 1}
Purchasin
Chief
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Subject: Resolution updating to Use Fees for licensees of office space at Manuel Artime Theater and
Community Center.
Background Information:
In 2000, the City Commission adopted Resolution 00-25 which established license use fees for
office space at Manuel Artime Theater and Community Center, located at 900 & 970 SW 1st Street,
Miami. Use fees established by the Resolution were based on a market study of comparable properties
in the East Little Havana area, which at the time was determined to be $8.50 and $7.75 per square foot
for the 970 and 900 building, respectively. Resolution 00-25 further provided a 25% discount to non-
profit organizations.
Given the changes in the real estate market since 2000, the present Resolution revisits
comparable market rates to arrive at a new square foot charge for office space licenses at Manuel
Theater and Community Center. Comparable office spaces in the immediate vicinity of Manuel Artime
buildings are being rented at a rate of $14.21 to $19.20 SF. After making adjustments to the comps, we
have determined that an appropriate use fee for the 970 and 900 building is $15 and $13.50 per square
foot, respectively. A twenty-five (25%) discount will continue to be provided to non-profit agencies
that use space in either building. Existing licensees will continue to pay the use fees according to their
respective licenses. New licenses commencing use in future years will pay a use fee based on the
cumulated increases. Existing licensees will maintain their current rates except that 1) any expansion by
existing Licensees will incur the rates set forth herein, but only with respect to the expanded portion of
their office space and 2) the timing of increases will be changed so that they are uniform.
In the interest of making use fee increases more simplified and uniform with respect to their
timing, this Resolution authorizes the City Manager to amend existing Licenses to: (1) allow for one
uniform October 1 annual increase, and (2) provide a straight three percent (3%) annual increase instead
of increases based on the Consumer Price Index. Lastly, the Resolution reaffirms the City Manager's
authority to continue to execute revocable license agreements for organizations using space at the above
locations, when paying the rates set forth herein.
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