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Home My WebLink About08-00761 BackupIL • ■ • `COMMUNITY REDEVELOPMENT AREA I J overnment Center Station Phase la OLDG,A� r 0.. �wwan.�:��jl �jI: 0 , o� w ;�rRiiy � zaiu� NH ION aa_�:c�at �aaa:;l ac a. ace,�o. •.,, • hjam= I'rl �n„;�g agas�wi"�caf illulNHGfII�IMnI�V�i Figure 13: PHASE 1&2 DETAIL PLAN Post , Buckley , Schutt and Jernigan , Inc. consulting engineers alchilects and planner. miami , florida Phaselb BLDG A Phasela BLDG.B Scala. g a PO,rarm1 a �Ina� Dafe:J.n.1982 SITE PLAN LEGEND QPhase la OFFICE BLDG. TYPE A 44. e..e •ea .o. lT.n4004 b.I• ope. e00 ao. Ft beep HOTEL BLDG. TYPE B ▪ O'.1W T.404a. . FT ?LOON14 eeellprrrooll p 4400174440 n00Yr Alai 1.0414141 41111.200 O0. FT. 4140011 GALLERIA BLDG. TYPE C loom. .O. IT. m1T.a 114..00 Be. FT. 44.1044 Metro Rail R.O.W. Q Phase lb . 0 Phase 2 Mod OFFICE SLOG. TYPE A 00400e .a. n. area. HOTEL BLOC. TYPE a NOJ.e a0. R. 040141 Phase 1 Total 917E AREA 110,000 00. n. FLOOR AREA RATIO 1i..0 (4) OFFICE BLDG. TYPE A Phase 2 Total SITE AREA 100.440 110. R. FLOOR AREA RATIO OVERALL F.A.R. A Rea: `deal ..vnn. irt I 111 of r State Plaza Station L gran central Florida East Coast Railway Company miami , florida I1 z 1aimoth Miami buildfrig project is planned \ movrylim 1 .,><rrr �rr•�, .Rl'l� 7T1 T"Y t t w ems' TrT1 ly . • \ t aPrF �, K = j, .F9 r Jam,? t� w _A c - .' s' a� r .r ., 4� �rC 5 .'rid ^ — 1 f+t , . E i, • y Cis Gran Central site (shaded area) was EEC's Miami passenger terminal until 1963; it has been vacant since 1979 v'i + y e �1'�`. Ilids,t+ *•.r ti rig• FEC to develop 7 blocks By TOM POST', Esq. Review Columnist and By RICK GARR Staff Writer .d Review Copyrighted Story MIAMI — The Florida East Coast Railway Co. is preparing to build what is believed to be the largest and most expensive commercial development in south Florida's history, the Review has learned. Called "Gran Central" by the five -man team of planners who spent about a year creating it, the huge project will ra}(p un SBVPrI rity h[nrks bore and have a rnnetr„r•tinn cost in the hundreds of millions of dollars. To be built in phases over a 20-year period, Gran Central will occupy a now -vacant FEC-owned site along the cast side of the downtown Government Center, from NW First Street to NW Eighth Street. When completed, the elongated, 215-feet-wide development will contain office, retail, hotel and parking structures on its 10-acre site. For 50 years, from 1913 to 1963, the property was the site of FEC's Miami passenger station, which was torn down to make way for parking lots, says Roger J. Barreto, the railroad's Hialeah -based vice president for real estate and industrial development. Rail service was discontinued on the property in 1979, when FEC sold right-of-way land through it to Dade County for the Metrorail rapid transit system. Gran Central's master plan calls for nine basic buildings, two major parking garages, more than 3 million square feet of office space, two 500-room hotels with 260,000 square feet each, and 100,000 square feet of commercial space. Miami's Omni complex, by comparison, has only Turn to Page 2 A - J-87-297 Revised 3/27/87 RESOLUTION NO 87-44•9 A RESOLUTION AUTHORIZING THE CITY MANAGER TO EXECUTE A LOAN AGREEMENT, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, BETWEEN THE CITY OF MIAMI AND GRAN CENTRAL CORPORATION, A FLORIDA CORPORATION, FOR AN AMOUNT TO BE DETERMINED, SAID FUNDS TO BE UTILIZED FOR THE ACQUISITION OF A 17,850 SQ. FT PARCEL LOCATED AT 104 NW 1ST AVENUE, THE LOAN TO THE CITY TO BE SECURED BY A CAPITAL IMPROVEMENT BOND DELIVERED BY THE CITY TO GRAN CENTRAL CORPORATION• PAYMENTS ACCRUING ON THE BOND SHALL BE ACCRUED WITHOUT INTEREST AND SHALL BE REPAID FROM FUNDS GENERATED BY THE SUPPLEMENTAL DISTRICT TO SOUTHEAST OVERTOWN/PARK WEST TAX INCREMENT TRUST FUND. WHEREAS, the City Commission approved the Southeast Overtown/Park West Community Redevelopment Plan by Resolution No. 82-755; and WHEREAS, the City Commission amended the Southeast overtown/Park West Community Redevelopment Plan by Resolution 85- 1143; and WHEREAS, Metropolitan Dade County established the Southeast Overtown/Park West Tax Increment District by Ordinance 82-115; and WHEREAS, Metro -Dade amended the boundaries of the Southeast Overtown/Park West Tax Increment District by Ordinance 86-4; and WHEREAS, the City of Miami desires to improve vehicular and pedestrian traffic flow within the Downtown Area and improve accessibility to public facilities and transportation services; and WHEREAS, the City of Miami desires to encourage economic revitalization of the Southeast overtown/Park West Project Area; and WHEREAS, Gran Central Corporation, a Florida Corporation, desires to develop property along the west side of N.W. 1st Avenue; and WHEREAS, Gran Central Corporation has agreed to loan the City of Miami funds to acquire needed property for right-of-way improvements to N.W. 1st Avenue in the vicinity of N.W. 1st Street and to match said loan with a cash contribution of equal funds; a n d CITY COMMISSION MEETING OF MAY 14 1967 RESOLUTION No. 877-443 • • • WHEREAS, the City Commission has approved the said loan from and contribution by Gran Central Corporation by Resolution No. 87 -448 ; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The City Manager is hereby authorized to execute a loan agreement, in a form acceptable to the City Attorney, between the City of Miami and Gran Central Corporation. Section 2. The amount of the loan is to be determined by the total cost, for the acquisition of a 17,850 sq. ft. parcel located at 104 N.W. 1st Avenue and will be equally matched by a payment to the City by Gran Central Corporation of 50% of the total acquisition costs. Section 3. The loan to the City is to be secured by a Capital Improvement Bond delivered by the City to Gran Central Corporation and payments on the Bond shall be accrued without interest. Section 4. Repayment of the Bond shall be secured solely by a lien of funds deposited in the Southeast 0vertown/Park West Trust Fund from revenue generated by the properties that have been added to the Tax Increment District by Dade County ordinance 86-4 and said Bond shall be junior and subordinate to any other bonds heretofore issued by the City of Miami which are to be payable from funds existing in or to be deposited into said Tax Increment Fund. 1987. PASSED AND ADOPTED this 14th day of l May ATT ST: MAYOR 87--44 S • • • PREPARED AND APPROVED BY: � 3, R BERT F. CLARK, DEPUTY CITY ATTORNEY APPROVE. AS TO FORM AND CORRECTNESS: L IA A. DOUCHE: Y, CITY ATTORNEY • STATE OF FLORIDA COUNTY OF DADE CITY or MIAMI I, NATTY HIRAI, City Clerk of the City of Miami, Florida, and keeper of the records thereof, do hereby certify that the attached and foregoing pages numbered 1 through 3, inclusive, contain a true and correct copy of a resolution adopted by the Commission of said City at a meeting held on the 14th day of May, 1987. SAID RESOLUTION WAS DESIGNATED RESOLUTION NO. 87-449, IN WITNESS WHEREOF, I hereunto set my hand and impress the Official Seal of the City of Miami, Florida this 27th day of January, 1988. (Official seal) By Natty Hirai City Clerk Miami, Florida ty City 4erk • • Gran Centra ye( • nw444W i.PS l :Las oration One Malaga Street, St: Augu ink, FL 32085-1048 904/829-3421 - + ' / i September 25, 1989 File: 55-1/GC Tower (Advances to City) Mr. Herbert J. Bailey, Assistant City Manager, City of Miami, P. 0. Box 330708, Miami, FL 33233-0708. Dear Mr. Bailey: As you know, the City of Miami has, during the last two years, requested grant and loan payments from Gran Central under our Loan Agreement dated January 20, 1988. My records indicate the following has been requested and paid under this Agreement, and I will appreciate your confirming that records are in agreement: January, 1988 February, 1988 April, 1988 July, 1988 August, 1988 October, 1988 November, 1988 November, 1988 Totals GRANT $1,395,122.50 21,085.03 18,254.98 1,870.11 1,850.00 250,000.00 20,625.00 $1,708,807.62 LOAN TOTAL $1,395,122.50 $2,790,245.00 21,085.03 42,170.06 18,254.98 36,509.96 1,870.11 3,740.22 56.00 56.00 1,850.00 3,700.00 250,000.00 500,000.00 20,625.00 41,250.00 $1,708,863.62 $3,417,671.24 The amount shown under Loan is, of course, subject to refund under terms of the January 20, 1988 Agreement, and I assume your records have been set up to capture funds as and when available for repayment. Your cooperation is appreciated. CFZ:b Sincerely yoursi C. F. Zellers;/Jr., PresidenX.