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Master Report
Enactment Number: R-08-0542
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 08-01100
Version: 1
File Type: Resolution Status: Passed
Reference: Controlling Body: Office of the City
Clerk
File Name: Execute Letter of Agreement
Requester: Department of Public Facilities Cost:
Introduced: 9/16/2008
Final Action: 9/25/2008
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING
THE CITY MANAGER TO EXECUTE A LETTER AGREEMENT, IN SUBSTANTIALLY THE
ATTACHED FORM, WITH HYATT EQUITIES, LLC ("HYATT"), TO PROVIDE AUTHORIZATION
FOR HYATT TO PROCEED WITH THE ENGINEERING AND DESIGN ("PHASE I") OF THE
REPLACEMENT OF THREE CENTRIFUGAL CHILLS, A COOLING TOWER AND ASSOCIATED
EQUIPMENT AT THE MIAMI CONVENTION CENTER ("CENTER") LOCATED AT 400
SOUTHEAST 2 AVENUE, MIAMI, FLORIDA; SAID AGREEMENT FURTHER PROVIDES THAT
IN THE EVENT THE CITY OF MIAMI ("CITY") AND HYATT DO NOT EXECUTE AN
AMENDMENT TO THE HYATT LEASE TO EXPAND THE HYATT LEASE AREA TO INCLUDE
THE AREAS CURRENTLY UTILIZED BY THE CITY AND THE UNIVERSITY OF MIAMI, OR
ENTER INTO A MANAGEMENT AGREEMENT, ON OR BEFORE JUNE 30, 2009, THE COST OF
PHASE I SHALL BE SPLIT BETWEEN THE CITY AND HYATT, EACH PAYING 50% OF THE
COST, PROVIDED THAT THE CITY'S CONTRIBUTION FOR REIMBURSEMENT WILL NOT
EXCEED $100,000; ALLOCATING FUNDS FROM THE 2009 RENTAL REVENUES TO BE PAID
BY HYATT TO THE CITY; WITH TERMS AND CONDITIONS AS MORE PARTICULARLY SET
FORTH IN SAID LETTER AGREEMENT.
Sponsors:
Notes:
Indexes:
Attachments: 08-01100 Legislation.pdf,08-01100 Exhibit 1.pdf,08-01100 Summary Form.pdf,
History of Legislative File
Version: Acting Body:
Date: Action: Sent To:
Due Date: Return Date: Result:
Office of the City 9/19/2008
Attorney
City Commission 9/25/2008
Office of the Mayor 9/30/2008
Office of the City Clerk 10/1/2008
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 5/15/2017