HomeMy WebLinkAboutLegislation-SUBSUB ED 1NTO THE City of Miami
P ECORD FOR
_ Legislation
IT1 .I E r ON 7-10--Q'e ,, Resolution
Re,,)_54s336
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 08-00731
Final Action Date:
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
AUTHORIZING THE CITY MANAGER TO EXECUTE AN AGREEMENT, IN
SUBSTANTIALLY THE ATTACHED FORM, W17 -I THE U`; VERSITY OF MIAMI
("UNIVERSITY") IN WHICH THE UNIVERSITY WILL AGREE, UPON WRFTTEN-J
REQUEST OF THE CITY OF MIAMI ('fl Y"), Tn BE DELIVE -<ED TO THE 2.
UNIVERSITY NO LATER 7 HAN CC OBER 31, ?008, TO (I) ASSIGN TO AR c
ENTITY DESIGNATED BY THE CITY ITS INTEREST IN THE LEASE -(orT
AGREEMENT BETWEEN THE CITY AND THE . NIVERSITY, DATED JUL' 7*
1983, AS AMENDED, RELATING TO THE JAMES L. KNIGHT CONFERENCE
CENTER ("OONFERENCE CENTER LEASE"), _ FFECTIVE C CEMBER 31, ?009;
OR (II) AMEND THE CONFERENCE CENTER EASE TO PR. )VIDE THAT*T.;il
TERMINATED EFFECTIVE DECEMBER 31, 2009.
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WHEREAS, the City of Miami Cc ty") and the University of M ami ( niversity") entered into a
thirty (30) year lease dated July 1, 1983, as amended, for tfr , ;ase of the convention center known as
the City of Miami/University of Miami/Ja Knight iternational Conference Center ("Conference
Center") located adjacent ) the Hyatt Regency Miami (the "Conferer e Center Lease"); and
WHEREAS, the i'iitial term of the Conference Center Lease spires c:! September 30, 2012;
and
WHEREAS, the City in connection with the City's desire to renovate the Conference Center has
requested that the Universit, .free to the early termination of the Conference Center Lease; and
WHEREAS. the City and the University have substantially complied with all of their obligations
under the initial term of the Conference Center Lease; and
WHEREAS, the University, in order to assist the ity with its desire to renovate the Conference
;enter, ; ed tc an early relinquishment of its interest the Conference Center Lease;
N i r'='tEFORE, BE IT RESOLVED BY THE COP..:. 3SION OF THE CITY OF MIAMI,
City of Allard
_ l
of - 00-13 I - Le2s !aTi o Sue)
Page I of 2 Printed On: 7/7/2008
File Number: 08-00731
FLORIDA:
Section 1. The recitals and findings contained in the Pree lble to this Resolution are adopted
by reference and incorporated as if fully set forth in this Section.
Section 2. The City Manag^r is authorized{1} to execute an Agreement, in substantially the
attached form, in which the University will agree, upon written request of the City, to be delivered no
later than October 31, 2008, to (i) assign to an entity designated by the City its interest in the
Conference Center Lease, efft-._five December 31, 2009, or (ii) amend the Conference Center Lease
to provide that it is terminate'. uy mutual agreement of the parties effective December 31, 2009.
Section 3. This Resolution shall become effective immediatel r upon its adoption and signature
by the Mayor.{2}
APPROVED AS TO FORM AND CORRECTNESS:
JULIE O. BRU U,
CITY ATTORNEY
Footnotes:
(1) The herein authorization is further subject to comr lance with all requirements that
may be imposed by the City Attorney, including but not imited to those prescribed by
applicable City Chr'`er and Code provisions.
(2) If the Mayor does not sign this Resolution, it shall become effective at the end of ten calendar days
from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective
immediately upon override of the veto by the City Commission.
THIS DOCUMENT IS A SUBSTITUTION
TO ORIGINAL BACKUP ORIGINAL
CAN BE SEEN AT END OF TTUS
DOCUMENT
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Page 2 of 2 Printed On: 7/7/2008
SUBSTITUTED
i,,
City of Miami
Legislation
Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Nu+m
er: 081-00731 Final Action Date:
A RES
AUTHOR!,
SUBSTAN
("UNIVERSIT
ENTITY DESIG
LEASE AGREEM
1, 1983, AS AMEN
CENTER ("CONFERE
OR (II) AMEND THE C
UTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
yING THE CITY MANAGER TO EXECUTE AN AGREEMENT, IN
LLY THE ATTACHED FORM, WITH THE UNIVERSITY OF MIAMI
"), TO PROVIDE FOR THE UNIVERSITY TO: (I) ASSIGN TO AN
TED BY THE CITY OF MIAMI ("CITY") ITS INTEREST IN THE
T BETWEEN THE CITY AND THE UNIVERSITY, DATED JULY
D. RELATING TO THE JAMES L. KNIGHT CONFERENCE
CE CENTER LEASE"), EFFECTIVE DECEMBER 31, 2009;
FERENCE CENTER LEASE TO PROVIDE THAT IT MAY
BE TERMINATED BY THBtCITY, IN ITS SOLE DISCRETION, EFFECTIVE
DECEMBER 31, 2009.
WHEREAS, the City of Miami ("City" )And the Ur:',.ersity of Miami ("University") entered into a
thirty (30) year lease dated July 1, 1983, as am ided, for the lease of the convention center known as
the City of Miami/University of Miami/James L. sight International Conference Center ("Conference
Center") located adjacent to the Hyatt Regency Miallai (the "Conference Center Lease"); and
51
WHEREAS, the initial term of the Conference C; iter Lease expires on September 30, 2012;
and
WHEF JAS, the City in connection with the City's c si a to renof• :ate the Conference Center has
requested that the University agree to the early termination of the, Conference Center Lease; and
WHER -AS, the City and the University have substantially complied with all of their obligations
under the initi::-: m of the Conference Center Lease; and
WHEREAS, the University, in order to assist the City with its desire: to renovate the Conference
Center, has agreed to an early relinquishment of its interest in the Confererre Center Lease;
NOW THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI,
FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Reso
by reference and incorporated as if fully set forth in this Section.
on are adopted
Section 2. The City Manager is authorized{1} to execute an Agreement, in subs = tially the
attached form, with the University to provide for the University to: (i) assign to an entity desi• gated by
the City its interest in the Conference Center Lease, effective December 31, 2009, or (ii) am- d the
Conference Center Lease to provide that it may be terminated by the City, in its sole discrion,
effective December 31, 2009, at the City's option.
City of AL 0.,r2 Page 1 of2
Printed On: 6/30/2008
SUBSTITUTED
File Number.- 08-00731
Section 3. This Resolution shall become effective immediately upon its adoption and signature
b the Mayor.{2}
APP
VED AS TO FORM AND CORRECTNESS:
JULIE O. BR
CITY ATTORN ` Y
Footnotes:
{1}The herein authorizaF :?n is further subject to compliance with a requirements that may be
imposed by the City Attornkv, including but not limited to those prescriaed by applicable City Charter
and Code provisions.
2} If the Mayor does not sign thi Resolution, it shall become effective at the end of ten calendar days
from the date it was passed and adc4ted. If the Mayor vetoes this Resolution, it shall become effective
immediately is )on override of the veto try the City Commission.
City oj,y.
Page 2 of 2
Printed On: 6/30/2008