HomeMy WebLinkAboutSummary FormDate: 03/25/2013
FILE ID:
AGENDA ITEM SUMMARY FORM
/3 - 603a5"
Requesting Department: Public Facilities (Asset Management Division)
Commission. Meeting Date: 04/25/2013
District Impacted: 2
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Law Department
Matter ID No.
13-356
Subject: Revocable License Agreement with Beasley -Reed Acquisition Partnership for the use and occupancy of
2.2 acres of City -owned property located at Virginia Key, Florida
Purpose of Item:
A Resolution of the City of Miami Commission, with attachments, authorizing the City Manager to execute a
Revocable License Agreement ("Agreement"), in substantially the attached form, between the City of Miami
("City") and Beasley -Reed Acquisition Partnership ("Licensee"), for use of approximately 2.2 acres of City -
owned real property and improvements located in Virginia Key, Miami -Dade County, Florida, for a monthly
Use Fee of $15,953.52, plus State of Florida Use Tax (if applicable), for a term of five (5) years, with additional
terms and conditions, as more specifically set forth in said Agreement.
Background Information:
See Attached.
Budget Impact Analysis
YES Is this item related to revenue? 04002.221100.448000
NO Is this item an expenditure? If so, please identify funding source below.
General Account No:
Special Account No (LETF):
CIP Project No:
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact: $191,442.24 (FY'14)
Final Approvals
(SIGN AND DATE)
CIP N/A Budget _/ �•_ d4
If using or receiving capital funds
Grants N/A Risk Managemept
Purchasing N/A Dept. Directo
Chief l/ City Manager
J
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Subject: Revocable License Agreement with Beasley -Reed Acquisition Partnership for the use and occupancy of
2.2 acres of City -owned property located at Virginia Key, Florida
The City of Miami ("City") is the owner of real property located at Virginia Key, Miami -Dade County, Florida
("Property"), The City and Hernstadt Broadcasting Corp. ("Original Tenant") entered into a Lease Agreement
dated September 3, 1982 ("Lease"), pursuant to which Original Tenant leased certain premises consisting of
approximately 2.2 acres located on the Property.
The Original Tenant assigned the Lease to Howard Broadcasting Corporation ("Successor Tenant"), pursuant
to an Assignment of Lease dated October 17, 1986, which assignment was approved by the City by letter
dated November 24, 1986. The Successor Tenant assigned an undivided one-half (1/2) interest in the Lease to
Sunshine -Wireless Company, Inc. pursuant to an Assignment of Lease dated August 31, 1987, which
assignment was approved by the City on August 10, 1987. Sunshine Wireless Company assigned its undivided
one-half interest in the Lease to Beasley -Reed Acquisition Partnership which assignment was approved by the
City by Consent to Assignment and Assumption dated August 14, 1996. With the City's consent, Successor
Tenant assigned all of its remaining right, title and interest in and to the Lease to Beasley -Reed Acquisition
Partnership pursuant to a Consent to Assignment and Assumption dated August 11, 2000.
Section 29-B of the City's Charter, authorizes the City Commission to grant a lessee of City -owned property a
one-time extension during the last five years of its lease, without the necessity for a referendum, for the
purposes of funding additional capital improvements, for an extended term not to exceed 25% of the original
term or 10 years, whichever is less, and provided the lessee is not in default of its lease nor in arrearage of
any monies due the City. On May 25, 2006, the City Commission, by 4/5ths vote, adopted Resolution 06-0332,
authorizing the extension of the term of the Lease for an additional term of six years.
The Lease, as amended, will expire on September 2, 2013. As such, the Administration recommends entering
into a Revocable License Agreement ("Agreement") for Beasley -Reed Acquisition Partnership's ("Licensee")
continued use of the Property so the City continues to receive uninterrupted revenue and so the general
public in the City will be able to benefit from this broadcasting facility.
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