HomeMy WebLinkAboutR-08-0394City of Miami
Legislation
Resolution: R-08-0394
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 08-00731 Final Action Date: 7/10/2008
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
AUTHORIZING THE CITY MANAGER TO EXECUTE AN AGREEMENT, IN
SUBSTANTIALLY THE ATTACHED FORM, WITH THE UNIVERSITY OF MIAMI
("UNIVERSITY") IN WHICH THE UNIVERSITY WILL AGREE, UPON WRITTEN
REQUEST OF THE CITY OF MIAMI ("CITY"), TO BE DELIVERED TO THE
UNIVERSITY NO LATER THAN OCTOBER 31, 2008, TO (I) ASSIGN TO AN ENTITY
DESIGNATED BY THE CITY ITS INTEREST IN THE LEASE AGREEMENT
BETWEEN THE CITY AND THE UNIVERSITY, DATED JULY 1, 1983, AS
AMENDED, RELATING TO THE JAMES L. KNIGHT CONFERENCE CENTER
("CONFERENCE CENTER LEASE"), EFFECTIVE DECEMBER 31, 2009; OR (II)
AMEND THE CONFERENCE CENTER LEASE TO PROVIDE THAT IT IS
TERMINATED EFFECTIVE DECEMBER 31, 2009.
WHEREAS, the City of Miami ("City") and the University of Miami ("University") entered into a
thirty (30) year lease dated July 1, 1983, as amended, for the lease of the convention center known
as the City of Miami/University of Miami/James L. Knight International Conference Center
("Conference Center") located adjacent to the Hyatt Regency Miami (the "Conference Center Lease");
and
WHEREAS, the initial term of the Conference Center Lease expires on September 30, 2012;
and
WHEREAS, the City in connection with the City's desire to renovate the Conference Center
has requested that the University agree 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 City with its desire to renovate the
Conference Center, has agreed to an early relinquishment of its interest in the Conference Center
Lease;
City of Miami
Page 1 of 2 File Id: 08-00731 (Version: 21 Printed On: 5/9/2017
File Number: 08-00731 Enactment Number: R-08-0394
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 Resolution are adopted
by reference and incorporated as if fully set forth in this Section.
Section 2. The City Manager 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, effective December 31, 2009, or (ii) amend the Conference Center Lease
to provide that it is terminated by mutual agreement of the parties effective December 31, 2009.
Section 3. This Resolution shall become effective immediately upon its adoption and signature
by the Mayor.{2}
Footnotes:
(1) The herein authorization is further subject to compliance with all requirements that
may be imposed by the City Attorney, including but not limited to those prescribed by
applicable City Charter 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.
City of Miami Page 2 of 2 File Id: 08-00731 (Version: 21 Printed On: 5/9/2017