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HomeMy WebLinkAboutSummary Form FRDate: 5/5/2015 AGENDA ITEM SUMMARY FORM FILE ID: 15-00654 Law Department Matter ID No. 15-895 Requesting Department: Dept. of Real Estate & Asset Mgmt. Commission Meeting Date: 1/z /16 District Impacted: 2 Type: n Resolution ❑ Other Ordinance n Emergency Ordinance n Discussion Item Subject: Ordinance of the Miami City Commission, amending Chapter 18 entitled "Finance", by creating Article XI, entitled "Leases of City -owned Submerged Lands". Purpose of Item: An Ordinance of the Miami City Commission, amending Chapter 18 of the Code of the City of Miami, Florida, as amended, entitled "Finance", by creating Article XI, entitled "Leases of City -owned Submerged Lands", to implement the provisions of a City Charter Amendment adopted by the voters on August 26, 2014, which required the City adopt methods to administer certain leases or management agreements of City -owned submerged lands; containing a severability clause and providing for an effective date. 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: CIP N/A Final Approvals SIGN AND DAT Budge If using or receiving capital fiends Grants N/A Risk Management i IS Purchasing N/A Dept. Director Chief City Manager�'l:;._ Page 1 of 2 SUPPLEMENTAL PAGE Subject: Ordinance of the Miami City Commission, amending Chapter 18 entitled "Finance", by ereatin Ag rtiele XI, entitled "Leases of City -owned Submerged Lands". Background Information: The Charter of the City of Miami ("Charter"), Section 3(f)(i), grants the City of Miami ("City") the power to acquire by purchase, gift, devise, condemnation or otherwise, real or personal property or any estate or interest therein, inside or outside the city, for any of the purposes of the city; and to improve, sell, lease, mortgage, pledge, or otherwise dispose of such property or any part thereof. The City has, over its history, acquired fee simple title to a significant amount of submerged lands. On May 8, 2014, the City adopted Resolution R-14-0184, approving, setting forth, and submitting to the electorate a proposed amendment to Section 29-B of the Charter, to provide that notwithstanding anything in this Charter to the contrary, the City may enter into leases or management agreements, for any City -owned submerged lands, with entities having a possessory or ownership interest in the abutting riparian uplands for building marinas, docks, or like facilities, using methods adopted by ordinance on the condition that such leases or management agreements result in a return to the City of at least fair market value. On August 26, 2014, the City of Miami residents voted to approve the Charter amendment in a special election. The Charter amendment requires that methods be adopted by ordinance to administer leases or management agreements for any City -owned submerged lands as contemplated in the Charter provision. Page 2 of 2