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HomeMy WebLinkAboutLegislationCity of Miami Legislation Resolution City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 08-01116 Final Action Date: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), APPROVING THE MODIFICATION OF WAGNER SQUARE'S SECOND AMENDMENT TO DECLARATION OF RESTRICTIVE COVENANTS IN LIEU OF UNITY OF TITLE, TO REMOVE THE REQUIREMENT OF CITY COMMISSION APPROVAL FOR AMENDMENTS TO THE DECLARATION OF RESTRICTIVE COVENANTS IN LIEU OF UNITY OF TITLE , AND EASEMENT AND OPERATING AGREEMENT; AUTHORIZING THE CITY MANAGER TO ACCEPT THE SECOND AMENDMENT TO DECLARATION OF RESTRICTIVE COVENANTS IN LIEU OF UNITY OF TITLE, IN SUBSTANTIALLY THE ATTACHED FORM, AND TO EXECUTE ANY ADDITIONAL NECESSARY DOCUMENTS, FOR SAID PURPOSE. WHEREAS, in order to meet the subdivision of land regulations and have Phase I (First Residential Tower) of the Wagner Square project meet the time lines of certain Housing and Urban Development loans and the Brownfields Economic Development Initiatives remediation grant, the Declaration of Restrictive Covenants in Lieu of Unity of Title ("Covenant") was executed and recorded by the developer prior to the issuance of the Major Use Special Permit (required for Phase II - Commercial Building and Phase III - Second Residential Tower); and WHEREAS, the Covenant has a particular requirement that is not customary or routine in Covenants namely that any modification or amendment receive prior approval of the City Commission; and WHEREAS, the modification, amendment and release of Covenants are generally handled by the City Administration on an administrative basis and the developer has requested the removal of this particular clause; and WHEREAS, the Easement and Operation Agreement ("EOA") deals with common egress and ingress and common areas and never receive City Commission approval but are always processed administratively and that manner of processing them is provided for in the applicable regulations and additionally is a long standing practice; and WHEREAS, the Department of Community Development and the Office of the City Manager (Economic Initiatives) concurs with this recommendation and does not think the requirement of City Commission approval for every modification or amendment to this Covenant is warranted in this instance; 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. City of Miami Page I of 2 Printed On: I0/1/2008 File Number.' 08-01116 Section 2. The modification of Wagner Square's Second Amendment to Declaration of Restrictive Covenants in Lieu of Unity of Title, to remove the requirement of City Commission approval for amendments to the. Declaration of Restrictive Covenants in Lieu of Unity of Title, and Easement and Operating Agreement, is approved. Section 3. The City Manager is authorized {1 } to accept the Second Amendment to Declaration of Restrictive Covenants in Lieu of Unity of Title, in substantially the attached form, and to execute any additional necessary documents, for said purpose. Section 4. This Resolution shall become effective immediately upon its adoption and signature of the Mayor. {2} APPROVED AS TO FORM AND CORRECTNESSfi�' JULIE O. BRU CITY ATTORNEY 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 Printed On: 10/1/2008