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HomeMy WebLinkAboutSummary FormDate: 06/09/2015 AGENDA ITEM SUMMARY FORM FILE ID: 1 5-007 8 Law Department Matter ID No. 15-1162 Requesting Department: Dept. of Real Estate & Asset Mngt. Commission Meeting Date: 06/25/2015 District Impacted: 5 Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance [❑ Discussion Item ❑ Other Subject: Resolution authorizing the City Manager to execute an Amendment to Reservation of Easement between the City of Miami ("City") and Florida East Coast Railwa L.L.C. ("FECR"). Purpose of Item: A resolution of the Miami City Commission, with attachment(s), authorizing the City Manager to execute an Amendment to Reservation of Easement ("Amendment"), in substantially the attached form, between the City of Miami ("City") and Florida East Coast Railway, L.L.C. ("FECR"), to amend the location of the easement reserved to FECR on that certain Special Warranty Deed dated June 6, 1988, and recorded in Official Records Book 13782, Page 502 of the Public Records of Miami -Dade County, Florida, with terms and conditions more particularly described in the Amendment. Background Information: See Supplemental Page Budget Impact Analysis NO 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 Approval JSIGN AND DATA CIP N/A Budge A /r If using or receiving capital funds Grants N/A Risk Managemen Purchasing N/A Dept. Director Chief City Manag Page 1 of 2 SUPPLEMENTAL PAGE Subject: Resolution authorizing the City Manager to execute an Amendment to Reservation of Easement to Florida East Coast Railway, L.L.C. ("FECR"). Background Information: The City of Miami ("City") executed that certain Special Warranty Deed dated June 6, 1988, and recorded in Official Records Book 13782, Page 502 of the Public Records of Miami -Dade County, Florida (the "Deed"), pursuant to which Florida East Coast Railway, L.L.0 ("FECR") conveyed its right title and interest in the property defined therein to the City, but reserved for itself an easement (the "Easement"). The City and FECR desire to amend the location of the Easement, subject to the terms and conditions contained in the Amendment to Reservation of Easement ("Amendment"). Page 2 of 2