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Master Report
Enactment Number: R-13-0217
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 13-00641
Version: 2
File Type: Resolution Status: Passed
Reference: Controlling Body: Office of the City
Clerk
File Name: Flagstone - First Amendment
Requester: Department of Public Facilities Cost:
Introduced: 5/23/2013
Final Action: 6/13/2013
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING
THE CITY MANAGER TO EXECUTE THE FIRST AMENDMENT TO THE AMENDED AND
RESTATED AGREEMENT TO ENTER INTO GROUND LEASE BY AND BETWEEN FLAGSTONE
ISLAND GARDENS, LLC ("FLAGSTONE") AND THE CITY OF MIAMI ("CITY") DATED AS
FEBRUARY 1, 2010 ("AGREEMENT TO ENTER"), IN SUBSTANTIALLY THE ATTACHED FORM,
PROVIDING FOR, INTER ALIA: (1) EXTENDING THE POSSESSION DATE FROM SEPTEMBER
1, 2013 TO JUNE 2, 2014, OR SOONER AT FLAGSTONE'S OPTION; (2) EXTENDING THE LEASE
DELIVERY DATE ALSO KNOWN AS OUTSIDE DATE FOR THE MARINA COMPONENT FROM
SEPTEMBER 1, 2013 TO JUNE 2, 2014, OR SOONER AT FLAGSTONE'S OPTION; (3)
BEGINNING OCTOBER 1, 2013, INCREASING FLAGSTONE'S MONTHLY PAYMENT TO THE
CITY TO $83,333.33 TO AN ANNUAL PAYMENT OF ONE MILLION DOLLARS ($1,000,000.00);
AND (4) RATIFYING ALL OTHER TERMS OF THE AGREEMENT TO ENTER.
Sponsors:
Notes:
Indexes:
Attachments: 13-00641 Summary Form.pdf,13-00641 Agreement to Enter Group Lease (Part 1).pdf,13-00641
Agreement to Enter Group Lease (Part 2).pdf,13-00641 Agreement to Enter Group Lease (Part
3).pdf,13-00641 Legislation.pdf,13-00641 Exhibit 1.pdf,13-00641-Submittal-Island Gardens.pdf,
History of Legislative File
Version: Acting Body:
Date: Action: Sent To:
Due Date: Return Date: Result:
2
2
2
Office of the City
Attorney
City Commission
6/10/2013 Review Pending
6/13/2013 ADOPTED
Office of the Mayor 6/13/2013
2 Office of the City Clerk 6/13/2013
Signed by the Mayor Office of the City
Clerk
Signed and Attested
by City Clerk
Pass
City of Miami Page 1 Printed on 8/31/2017