HomeMy WebLinkAboutCRA-R-13-0036 LegislationCity of Miami
Legislation
CRA Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 13-00686 Final Action Date:
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI
REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA"),
WITH ATTACHMENT(S), AUTHORIZING THE EXECUTIVE DIRECTOR TO
EXECUTE A LEASE, IN SUBSTANTIALLY THE ATTACHED FORM, WITH 1401
GROUP, LLC., FOR THE USE OF APPROXIMATELY 5,400 SQUARE FEET FOR A
RESTAURANT FACILITY WITH A TERM EXPIRING SEPTEMBER 30, 2030, AND
OTHER TERMS AS SET FORTH IN THE LEASE.
WHEREAS, the Omni Redevelopment District Community Redevelopment Agency ("CRA")
is responsible for carrying out community redevelopment activities and projects within its
Redevelopment Area; and
WHEREAS, the CRA Redevelopment Plan at Section 4, Goal D/ Principals A-2, C-4 and
C-5 lists as a goal: "encourage the restoration of historic buildings and [enhance the area's visual
attractiveness to businesses and residents], by creating opportunities for new development
through improvements to the public realm"; and
WHEREAS, the CRA desires to enter into a lease with 1401 Group, LLC. ("Lessee") for
approximately 5,400 square feet for restaurant facility with a term expiring September 30, 2030
("Lease"); and
WHEREAS, after the first 18 months following the effective date, Lessee shall pay to the
CRA the greater of a minimum of $80,000 per year in rent, or 7% of gross sales to increase to
8.5% in month 54 of the Lease; and
WHEREAS, Lessee shall invest approximately $1,800,000 in the build out of the restaurant,
substantially completing construction in the manner and scope presented in its submission to the
CRA; and
WHEREAS, the CRA shall install the grease trap and hood system for the restaurant in a
not to exceed amount of $60,000; and
WHEREAS, the parties shall review the Lease every five years to ensure that the Lessee is
paying the CRA fair market rent for the restaurant.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE
OMNI REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY 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 herein as if fully set forth in this Section.
City of Miami Page 1 of 2
File Id: 13-00686 (Version: I) Printed On: 6/7/2013
File Number: 13-00686
Section 2. The Executive Director is authorized to enter into a Lease with 1401 Group,
LLC., in substantially the attached form, for the use of approximately 5,400 square feet for a
restaurant facility until September 30, 2030, and other terms as set forth in the Lease.
Section 3. This resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND CORRECTNESS:
JULIE O. BRU, GENERAL COUNSEL
City of Mianti Page 2 of 2
File Id: 13-00686 (Version: I) Printed On: 6/7/2013