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Master Report
Enactment Number: R-08-0601
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 08-01100a
Version: 1
File Type: Resolution Status: Passed
Reference: Controlling Body: Office of the City
Clerk
File Name: Modification of Hyatt Agreement Introduced: 10/17/2008
Requester: Cost:
Final Action: 10/16/2008
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), RESCINDING
RESOLUTION NO. 08-0542, ADOPTED SEPTEMBER 25, 2008, IN ITS ENTIRETY AND
REPLACING IT WITH THIS RESOLUTION; 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 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 OR RESTATE THE
HYATT LEASE TO EXPAND THE HYATT LEASE AREA TO INCLUDE THE AREAS CURRENTLY
UTILIZED BY THE CITY AND THE UNIVERSITY OF MIAMI, ON OR BEFORE JUNE 30, 2009,
THE COST OF PHASE I SHALL BE SPLIT BETWEEN THE CITY AND HYATT, EACH PAYING
FIFTY PERCENT (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: 08-01100a-Summary Form.pdf,08-01100a-Attachment.pdf,
History of Legislative File
Version: Acting Body: Date: Action: Sent To: Due Date: Return Date: Result:
1 City Commission 10/16/2008 ADOPTED Pass
1 Office of the Mayor 10/20/2008 Signed by the Mayor Office of the City
Clerk
1 Office of the City Clerk 10/20/2008 Signed and Attested
by City Clerk
1 Office of the City 10/22/2008 Reviewed and
Attorney Approved
City ofMiami Page 1 Printed on 5/16/2017