HomeMy WebLinkAboutMaster ReportCity of Miami
Master Report
Enactment Number: R-14-0242
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 14-00523
File Type: Resolution
Version: 2 Reference:
Status: Passed
Controlling Body: Office of the City
Clerk
File Name: Amend Minority Participation Agrmt. - Bayside Marketplace,
LLC
Requester: Department of Public Facilities Cost:
Introduced: 6/2/2014
Final Action: 6/26/2014
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), BY A
FOUR -FIFTHS (4/5THS) AFFIRMATIVE VOTE, AUTHORIZING THE CITY MANAGER TO
EXECUTE A SECOND AMENDMENT TO THE MINORITY PARTICIPATION AGREEMENT
("AGREEMENT"), BETWEEN THE CITY OF MIAMI ("CITY") AND BAYSIDE MARKETPLACE,
LLC, A DELAWARE LIMITED LIABILITY COMPANY, SUCCESSOR BY MERGER TO BAYSIDE
CENTER LIMITED PARTNERSHIP, IN SUBSTANTIALLY THE ATTACHED FORM, TO MODIFY
THE ANNUAL FOUNDATION CONTRIBUTION FROM THE GREATER OF TEN PERCENT (10%)
OF THE "NET INCOME AVAILABLE FOR DISTRIBUTION", AS DEFINED IN THE RETAIL
LEASE WITH BAYSIDE MARKETPLACE, LLC, OR $100,000.00 TO AN ANNUAL AMOUNT OF
$350,000.00, WITH TWO PERCENT (2%) ANNUAL INCREASES FOR THE REMAINDER OF THE
AGREEMENT.
Sponsors:
Notes:
Indexes:
Attachments: 14-00523 Summary Form.pdf,14-00523 Back -Up Documentation.pdf,14-00523
Legislation.pdf,14-00523 Exhibit SUB.pdf,14-00523-Submittal-Javier
Betancourt.pdf,14-00523-Submittal-AI Crespo.pdf,14-00523-PowerPoint Presentation -Sky Rise
Miami.pdf,
History of Legislative File
Version: Acting Body: Date:
Action:
Sent To:
Due Date: Return Date: Result:
1
1
2
City Commission 6/12/2014 DEFERRED
Office of the City 6/12/2014 Review Pending
Attorney
City Commission 6/26/2014 ADOPTED WITH
MODIFICATIONS
2 Office of the Mayor 7/7/2014 Signed by the Mayor Office of the City
Clerk
2
Office of the City Clerk 7/7/2014 Signed and Attested
by City Clerk
2 Office of the City 7/29/2015
Attorney
Action Note:
Reviewed and
Approved
MODIFICATIONS MADE TO EXHIBIT
Pass
Pass
City ofMiami Page 1 Printed on 1/4/2018
City of Miami
Master Report
Enactment Number: R-14-0242
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
City of Miami Page 2 Printed on 1/4/2018