HomeMy WebLinkAboutMaster ReportCity of Miami
Master Report
Enactment Number: R-08-0350
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 08-00602
Version: 2
File Type: Resolution
Status: Passed
Reference: Controlling Body:
File Name: Execute Third Amendment- Flagstone Island Gardens LLC. Introduced:
Requester: Department of Public Facilities Cost: Final Action:
Office of the City
Clerk
5/20/2008
6/12/2008
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING
THE CITY MANAGER TO EXECUTE THE THIRD AMENDMENT ("THIRD AMENDMENT"), IN
SUBSTANTIALLY THE ATTACHED FORM, TO THE AGREEMENT TO ENTER INTO GROUND
LEASE ("AGREEMENT TO ENTER"), BETWEEN THE CITY OF MIAMI ("CITY") AND
FLAGSTONE ISLAND GARDENS, LLC ("FLAGSTONE"), WITH SUCH CHANGES, INSERTIONS,
AND FURTHER AMENDMENTS AS MAY BE APPROVED BY THE CITY MANAGER AFTER
CONSULTATION WITH THE CITY ATTORNEY, TO PROVIDE FOR: (1) AN EXTENSION TO THE
LEASE DEADLINE REFERRED TO IN SECTION 6.2.1 OF THE AGREEMENT TO ENTER TO
FEBRUARY 1, 2010; (2) AN EXTENSION TO THE OUTSIDE DATE REFERRED TO IN SECTION
6.2.3 OF THE AGREEMENT TO ENTER TO FEBRUARY 1, 2010; (3) FLAGSTONE MEETING
ANY AND ALL OF THE REFERENCED CONDITIONS PRECEDENT ON A COMPONENT BY
COMPONENT BASIS; (4) FLAGSTONE PAYING IN ADVANCE TO THE CITY IN
CONSIDERATION OF THE EXTENSION OF THE OUTSIDE DATE AND CONTINUED
ENCUMBRANCE OF THE PROPERTY FOR THE FLAGSTONE DEVELOPMENT
("CONSIDERATION OF USE") FIFTY THOUSAND DOLLARS ($50,000.00) PER MONTH
COMMENCING ON AUGUST 1, 2008, WITH SAID AMOUNT INCREASING TO EIGHTY-THREE
THOUSAND DOLLARS ($83,000.00) PER MONTH ON AUGUST 1, 2009, WITH SAID MONTHLY
FEES ENDING ON THE DAY PRECEDING THE POSSESSION DATE FOR EACH MONTH
EXERCISED AS PART OF THE EXTENSION PERIOD GRANTED IN CONSIDERATION OF USE
OF THE PROPERTY DESCRIBED IN THE AGREEMENT TO ENTER; AND (5) ESTABLISHMENT
OF CERTAIN MILESTONES IN THE TIMELINES FOR OTHER DEVELOPMENT MATTERS,
WITH THE TERMS AND CONDITIONS AS MORE PARTICULARLY SET FORTH IN SAID THIRD
AMENDMENT.
Sponsors:
Notes:
Indexes:
Attachments: 08-00602 Legislation.pdf,08-00602 Exhibit-SUB.pdf,08-00602 Exhibit2.pdf,08-00602
Exhibit3.pdf,08-00602 Exhibit4.pdf,08-00602 Exhibit5.pdf,08-00602 Exhibit6.pdf,08-00602
Exhibit7.pdf,08-00602 Exhibit8.pdf,08-00602 Exhibit9.pdf,08-00602 Exhibitl0.pdf,08-00602
Exhibitll.pdf,08-00602 Exhibit12.pdf,08-00602 Exhibit 1 3 .pdf,08-00602 Exhibit14.pdf,08-00602
Exhibit 1 5 .pdf,08-00602 Exhibit16.pdf,08-00602 Exhibit17.pdf,08-00602 Exhibit18.pdf,08-00602
Summary Form.pdf,
History of Legislative File
Version: Acting Body: Date:
Action: Sent To: Due Date: Return Date: Result:
1 Office of the City 6/9/2008 Reviewed and
Attorney Approved
City ofMiami Page 1 Printed on 5/5/2017
City of Miami
Master Report
Enactment Number: R-08-0350
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
2 City Commission 6/12/2008 ADOPTED WITH Pass
MODIFICATIONS
2 Office of the Mayor 6/17/2008 Signed by the Mayor Office of the City
Clerk
2 Office of the City Clerk 6/17/2008 Signed and Attested
by City Clerk
2 Office of the City 7/23/2008 Reviewed and
Attorney Approved
Action Note: Modifications made by Law
City of Miami Page 2 Printed on 5/5/2017