HomeMy WebLinkAboutR-24-0273City of Miami
Resolution R-24-0273
Legislation
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 16232 Final Action Date: 7/11/2024
A RESOLUTION OF THE MIAMI CITY COMMISSION DIRECTING THE CITY
ATTORNEY TO PREPARE, IN A FORM ACCEPTABLE TO THE CITY
ATTORNEY, A PROPOSED AMENDMENT TO THE CHARTER OF THE CITY
OF MIAMI, FLORIDA, AS AMENDED ("CHARTER") FOR CONSIDERATION AT
THE GENERAL ELECTION SCHEDULED FOR NOVEMBER 5, 2024,
PROPOSING, UPON APPROVAL OF THE ELECTORATE AND OTHER
CONDITIONS THE CITY MAY REQUIRE, TO AMEND SECTION 29-C OF THE
CHARTER, TITLED "WATSON ISLAND," TO AUTHORIZE THE CITY
COMMISSION, BY A FOUR -FIFTHS (4/5THS) AFFIRMATIVE VOTE, TO
WAIVE COMPETITIVE BIDDING AND AUTHORIZE THE CITY MANAGER TO
NEGOTIATE THE SALE OR LEASE OF +5.4 ACRES OF THAT CERTAIN
PROPERTY LOCATED AT 1111 PARROT JUNGLE TRAIL ("PROPERTY") FOR
FAIR MARKET VALUE TO ECORESILIENCY MIAMI, LLC, FOR RESIDENTIAL
AND COMMERCIAL USES, SUBJECT, BUT NOT LIMITED TO
CANCELLATION OF THE EXISTING LEASE, PAYMENTS TO CITY,
DEVELOPMENT OF A NEW +13.3-ACRE PUBLIC WATERFRONT PARK ON
THE REMAINDER OF PROPERTY AT NO COST TO THE CITY AND
PROVISION OF CERTAIN COMMUNITY BENEFITS, WITH RESTRICTIONS,
REVERSIONS, AND RETENTION BY THE CITY OF ALL OTHER EXISTING
CITY RIGHTS, AS MORE PARTICULARLY DESCRIBED HEREINBELOW
SPONSOR(S): Commissioner Damian Pardo
WHEREAS, the City of Miami ("City") is the owner of that certain tract of land on Watson
Island comprising approximately 18.7 acres and located at 1111 Parrot Jungle Trail, Miami,
Florida ("Property"); and
WHEREAS, ESJ JI Leasehold, LLC ("ESJ") and the City are parties to that certain Lease
and Development Agreement, as modified from time to time (collectively, the "Lease") for the
Property; and
WHEREAS, pursuant to Lease and other entitlements received from the City, ESJ is
authorized to develop a theme park, themed hotel, and related retail and entertainment on the
Property; and
WHEREAS, Ecoresiliency Miami LLC, in collaboration with ESJ (together "Developer
Parties"), desire to acquire +5.4 acres of the Property ("Residential Parcel") to develop
residential and commercial uses with required parking ("Residential Development"); and
WHEREAS, the City and Developer Parties desire to enter into a Conveyance
Agreement ("Agreement"), in a form acceptable to the City Attorney, which will allow the sale or
lease of the Residential Parcel for fair market value, for construction and operation of the
Residential Development subject, but not limited to: City approval; approval of any necessary
City of Miami Page 1 of 2 File ID: 16232 (Revision:) Printed On: 8/15/2024
File ID: 16232 Enactment Number: R-24-0273
zoning changes; cancellation of existing Lease; construction of a new public waterfront park on
the remainder of the Property at no cost to the City; annual and up -front payments to the City;
repayment of the existing loan of approximately $32,000,000 due to City and Miami -Dade
County and of the existing Ygrene C-Pace loan of approximately $1,200,000 pursuant to the
existing Lease; approval by the Florida Board of the Trustees of the Internal Improvement Trust
Fund and provision of certain Community Benefits; and
WHEREAS, the sale or lease of the Residential Parcel to Ecoresiliency Miami LLC will
be subject to other restrictions, reversions, and retention by the City of all other rights;
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 Attorney is directed to prepare a proposed amendment to the
Charter of the City of Miami, Florida, as amended ("Charter"), for consideration at the General
Election scheduled for November 5, 2024, proposing, upon approval of the electorate, to amend
Section 29-C of the Charter, entitled "Watson Island," to authorize the City Commission, by a
four -fifths (4/5ths) affirmative vote, to waive competitive bidding and authorize the City Manager
to negotiate and execute a Conveyance Agreement between the City and Ecoresiliency Miami
LLC, for sale or lease of the Residential Parcel, subject, but not limited to, the aforementioned
terms.
Section 3. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.'
APPROVED AS TO FORM AND CORRECTNESS:
rge
ng II , Cty ttor -y 7/31/2024
1 If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) 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: 16232 (Revision:) Printed on: 8/15/2024