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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