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HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM FILE ID: 15-00021 Law Department Matter ID No. 14-2706 Date: 01/06/2015 Requesting Department: Dept. of Real Estate & Asset Mngt. Commission Meeting Date: 02/12/2015 District Impacted: 2 Type: Resolution ❑ Ordinance E Emergency Ordinance ❑ Discussion Item E Other Subject: Resolution for acceptance of the City Manager's Recommendation for the Selected Proposer and authorizing a Lease Agreement with Selected Proposer for RFLI No. 12-13-068 for a Lease of City - owned property for a Recreational Support Facility located at 3801 Rickenbacker Causeway, Miami, FL 33133. Purpose of Item: A Resolution of the Miami City Commission, with attachment(s) accepting the City Manager's recommendation approving the findings of the Selection Committee that Virginia Key Outdoor Center, LLC ("Proposer"), is the top ranked proposer for the Request for Letters of Interest No. 12-13-068, for a Lease of City -owned property for a Recreational Support Facility located at 3801 Rickenbacker Causeway, Miami, FL 33133; further authorizing and directing the City Manager to execute a lease ("Lease"), in substantially the attached form subject to the review and approval of the Office of the City Attorney, for a term of five years and minimum rent for Lease Year one of Seven Hundred Fifty Dollars ($750.00) per month and percentage rent of five percent (5%) of Gross Revenues up to five hundred thousand dollars ($500,000.00) and ten percent (10%) of Gross Revenues in excess of Five Hundred Thousand dollars ($500,000.00); for Lease Year two and thereafter, Tenant shall pay minimum rent of One Thousand Dollars ($1,000.00) per month and Minimum percentage rent of ten percent (10%) of Gross Revenues up to Five Hundred Thousand Dollars ($500,000.00) and Twelve percent (12%) of Gross Revenues in excess of Five Hundred Thousand Dollars ($500,000.00), with terms and conditions more particularly described in the Lease. Background Information: See Supplemental Page Budget Impact Analysis YES Is this item related to revenue? NO Is this item an expenditure? If so, please identify funding source below. General Account No: Special Revenue Account No: CIP Project No: NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds? Start Up Capital Cost: Maintenance Cost: Total Fiscal Impact: Final A . s royals SIGN AND DATA , CIP N/A Budge If using or receiving capital funds 1 Grants N/A Risk Management (2.715 Purchasing N/A Dept. Director CityManager Chief --