HomeMy WebLinkAboutMaster ReportCity of Miami
Master Report
Enactment Number: R-14-0244
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 14-00525
File Type: Resolution
Version: 1 Reference:
File Name: Lease Amendment - Bayside Garage
Requester: Department of Public Facilities Cost:
Status: Passed
Controlling Body: City Attorney
Introduced: 6/2/2014
Final Action: 6/26/2014
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING
THE CITY MANAGER TO NEGOTIATE AND EXECUTE, IN A FORM ACCEPTABLE TO THE
CITY ATTORNEY, A FOURTH AMENDMENT TO THE LEASE AGREEMENT, GARAGE PARCEL
("AMENDMENT"), BETWEEN THE CITY OF MIAMI ("CITY") AND BAYSIDE MARKETPLACE,
LLC., A DELAWARE LIMITED LIABILITY COMPANY, SUCCESSOR BY MERGER TO BAYSIDE
CENTER LIMITED PARTNERSHIP ("DEVELOPER"), IN SUBSTANTIALLY THE ATTACHED
FORM, FOR CITY -OWNED PROPERTY LOCATED AT 401 BISCAYNE BOULEVARD, MIAMI,
FLORIDA, TO MODIFY CERTAIN PROVISIONS OF THE LEASE, AS STATED HEREIN, TO
INCLUDE THE EXTENSION OF THE CURRENT LEASE TERM, PROVIDED ALL RENEWAL
OPTIONS ARE VALIDLY EXERCISED, BY FIFTY-THREE (53) YEARS; AMENDING THE
RENTAL PAYMENTS; INCREASING THE ALLOWABLE NUMBER OF PARKING SPACES IN THE
GARAGE; ALLOWING THE ADDITION OF A RETAIL LINER TO THE GARAGE; REQUIRING
RENT ADJUSTMENTS BASED ON APPRAISALS CONDUCTED UPON THE FIRST RENEWAL
TERM FOR THE EXISTING SQUARE FOOTAGE; ESTABLISHING A TRANSFER FEE FROM THE
DEVELOPER, SUBJECT TO APPROVAL OF THE AMENDMENT BY REFERENDUM, WITH
ADDITIONAL TERMS AND CONDITIONS AS MORE PARTICULARLY SET FORTH IN THE
AMENDMENT, WHICH TERMS MAY BE AMENDED BY THE CITY MANAGER AND THE CITY
ATTORNEY AS MAY BE NECESSARY IN ORDER TO MEET THE BEST INTERESTS OF THE
CITY.
Sponsors:
Notes:
Indexes:
Attachments: 14-00525 Summary Form.pdf,14-00525 Back -Up Documentation.pdf,14-00525
Legislation.pdf,14-00525 Exhibit.pdf,14-00525 Exhibit 06.12.14.pdf,14-00525-Submittal-Javier
Betancourt.pdf,14-00525-Submittal-AI Crespo.pdf,14-00525-PowerPoint Presentation -Sky Rise
Miami.pdf,
History of Legislative File
Version: Acting Body: Date: Action: Sent To: Due Date: Return Date: Result:
1 City Commission 6/12/2014 DEFERRED Pass
1 Office of the City 6/12/2014 Review Pending
Attorney
1 City Commission 6/26/2014 ADOPTED Pass
1 Office of the Mayor 7/7/2014 Signed by the Mayor Office of the City
Clerk
City ofMiami Page 1 Printed on 1/4/2018
City of Miami
Master Report
Enactment Number: R-14-0244
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
1 Office of the City Clerk 7/7/2014 Signed and Attested
by City Clerk
1 Office of the City 7/16/2014 Reviewed and
Attorney Approved
City of Miami Page 2 Printed on 1/4/2018