HomeMy WebLinkAboutSummary FormFILE ID:
AGENDA ITEM SUMMARY FORM
13- oogi9
Date: 08/07/2013 Requesting Department:._— Public: Facilities_(Asset-:Management :.Division)_
Commission Meeting Date: 09/12/2013
District Impacted: 2
Type: ® Resolution 0 Ordinance n Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: Revocable License to Beasley -Reed Acquisition Partnership for the use and occupancy of 2.2 acres of
City -owned property located at Virginia Key,Florida
Law Department
Matter ID No.
i3.5'6L
Purpose of Item:
A Resolution of the City of Miami Commission, with attachments, authorizing the City Manager to execute a
Revocable License ("License"), 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
$16,250.00, plus State of Florida Use Tax (if applicable), with additional terms and conditions as more
specifically set forth in the License.
Background Information:
See Attached.
NO
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact: Minimum of $16,250.00 and up to $195,000.00 (FY'14
Final Approvals
(SIGN AND DATE
CIP N/A Budget �J,'r `f
Grants Ntram _ rRisk Manageme
Purchasing N/A Dept. Directo
Chief •City"Manager`_ 4111.
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:
Is this item funded by Homeland Defense/Neighborhood Improvement Bon s?
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Subject: Revocable License 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.
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. 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.
The Lease, as amended, shall expire on September 2, 2013. As such, the Administration recommends
providing a Revocable License ("License") to Beasley -Reed Acquisition Partnership ("Licensee") for its use of
the Property so the City continues to receive uninterrupted revenue.
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