HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM
15-00013
Data/02/05/2015
Commission Meeting Date: 1/22/2015
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Requesting Department: Public Facilitiesj Asset Management
District Impacted: I
Emergency Ordinance L I Discussion Item
.mw Department
Matter 0NNo.
l4-2775
Subject: Lease Renewal ofthe Sovereignty Submerged Lands Lease ALreement with the State of Florida Board
of Trustees of the internal Improvement Trust Fund ("State") for the. Submerged Lands adjacent to 2550 and
ZS4GSouth 8ayshoreDrive aka K8VntY'y '
Purpose of Item:
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A Resolution of the City of Miami Commission, with attachment(s), authorizing the City Manager to execute a
lease renewal ("Lease Renewal"), in substantially the attached form, between the City of Miami ("City") and
the State of Florida, Board of Trustees of the Internal improvement Trust Fond ("State"[ for the use ofState-
owned South 8ayshore Drive, Miami, Florida ("Uplands")for a term ofapproximately ten (lO) years, with an annual
payment of two thousand four hundred eighty seven dollars and seventeen cents ($2/487.17) subject to
annual increases pursuant to the Florida Administrative Code and a State Lease processing fee of six hundred
nineteen dollars ($619,00), authorizing the City Manager to execute future lease renewals, amendments and
modifications, |n a form acceptable to the City Attorney, provided that such lease renewals, amendments and
modifications do not contain material arnendMents or modifications to the terms and conditions of this Lease
Renewal, with terms and conditions more particularly set forth in the Lease Renewal,
See Oupplementa|Sheet.
Background Information
Budget Impact Analysis
NO bthis item related torevenue?
Y25 |mthis item anexpenditure? }fso, please identify funding source below.
General Account No: 84082.221100.544000.0000.00000
Special Revenue Account No:
[/PProject No:
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start WpCapital Cost,
Maintenance Cost:
Total Fiscal Impact;
'
$2,487.17 per year Olus processing fee of $619.00 for
Final Appr9imisr
W11,4ing or rvxiNillk in], fitudk
G,mms ' w/*
Purchasing
Chief
Risk Management
Dept. Director
City Manager
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Subject: Lease Renewal Lands Lease Agreement with the State of Florida Board
of Trustees of the internal Fund " " for the 6ubme d�ad�cen�to25S8and
2546Iputh 8ayshara Drive aka K4onty's
Background Information,
The City nfMiami ("Chy")isthe owner ofthe Uplands located aklS5QSouth 8ayshoreDrive. The State leases
the Submerged Lands located adjacent to the Uplands to the City and the City wishes to renew the
Submerged Lando Lease for a tenn of 10yearx.
The Uplands and Submerged Lands are currently leased from the City to Bayzhure Landing, LLCvvhich does'
not expire until May S1,2O35.
TheOtyand1heStatedex|ratoenterintoaLpaaeKenewm|("LeaseRenewa")whkhwiUexpinm]uly 1,2024