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HomeMy WebLinkAboutLegislation-SUBe f islation Resolution:-15-0530 City Hai 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 15-01562 Final Action Date:12/10/2015 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), FINDING THAT RIVERSIDE WHARF LLC ("PROPOSER") IS THE TOP RANKED RESPONSIVE AND RESPONSIBLE FIRM PURSUANT TO DEPARTMENT OF REAL. ESTATE AND ASSET MANAGEMENT'S REQUEST FOR PROPOSALS ("RFP") NO. 14-15-024 FOR. THE DEVELOPMENT AND LEASE OF THE NORTH RIVERFRONT PROPERTY LOCATED AT 236 AND 298 SOUTHWEST NORTH RIVER DRIVE, MIAMI, FLORIDA ("PROPERTY"); AUTHORIZING AND DIRECTING THE CITY MANAGER TO EXECUTE A LEASE ("LEASE"), IN SUBSTANTIALLY THE ATTACHED FORM, AND IN COMPLIANCE WITH ANY AND ALL APPLICABLE STATE SUBMERGED LANDS LEASE REQUIREMENTS, WITH THE PROPOSER, FOR AN INITIAL TERM OF THIRTY (30) YEARS, WITH AN OPTION TO RENEW FOR TWO (2) TEN (10) YEAR TERMS, SAID LEASE PROVIDING A PAYMENT TERM OF THE GREATER OF EITHER AN ANNUAL BASE RENT OF $195,500.00 ("MINIMUM BASE RENT") OR FIFTEEN PERCENT (15%) OF THE GROSS REVENUES AS DEFINED IN THE LEASE, AND PROVIDING THAT THE MINIMUM BASE RENT SHALL BE ADJUSTED ON AN ANNUAL BASIS BY THE GREATER OF THE CONSUMER PRICE INDEX ORATHREE PERCENT (3%) ESCALATOR, WITH TERMS AND CONDITIONS MORE PARTICULARLY DESCRIBED IN THE LEASE; FURTHER PROVIDING THAT THE EXECUTION OF THE LEASE DOES NOT CONFER ANY CONTRACTUAL RIGHTS UPON PROPOSER UNLESS AND UNTIL THE ELECTORATE HAS CAST A FAVORABLE REFERENDUM VOTE APPROVING THE TRANSACTION AS REQUIRED BY CITY CHARTER SECTION 29(B). WHEREAS, the City of Miami ("City") owns the property located at 236 and 298 Southwest North River Drive, Miami, Florida, 33130 ("Property"); and WHEREAS, on June 15, 2015, the City's Department of Real Estate and Asset Management ("DREAM") advertised Request for Proposals ("RFP") No. 14-15-024, to solicit proposals for the development of the Property including planning, design, construction, leasing and management. services; and WHEREAS, on September 14, 2015, the solicitation period closed, with receipt of one (1) proposal, from Riverside Wharf LLC ("Proposer"), deemed responsive and responsible in accordance with the RFP's terms and conditions; and WHEREAS, pursuant to the RFP, the City Manager appointed an Evaluation Selection Committee ("Committee") to evaluate said responsive and responsible proposal; and WHEREAS, the Committee met on December 8, 2015 to evaluate the criteria and scoring values assigned and to render a written Memorandum for Recommendation for Award ("Recommendation") to the City Manager; and WHEREAS, the City Manager approved the Committee's Recommendation and submitted the City of Mianri Page 1 of 2 File id: 1.",-0.1562 (Version: 3) Printed On: 1'/13/2016 File Number: 15-0/562 Enactment Nimber: .R-15-0530 same to the City Commission for their ultimate consideration and approval; and WHEREAS, the City Commission accepts the Recommendation of the City Manager; and WHEREAS, the above actions and procedures have been performed in accordance with the applicable provisions of the Charter and Code of the City of Miami, Florida, and provisions contained within the RFP; NOVV, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1 The recitals and findings contained in the Preamble to this Resolution are adopted by reference and incorporated as if fully set forth in this Section.: 0 z L., Section 2. The Recommendation of the City Manager approving the findings of the Committee, w pursuant to DREAM RFP No. 14-15-024 for the development and lease of the Property finding that Proposer is the top ranked firm is accepted. z< Section 3. The City Manager is hereby directed{1} to execute a lease ("Lease"), in substantially the attached form, and in compliance with any and all applicable State submerged lands lease 6 z r) C) requirements, with the Proposer, for an initial term of thirty (30) years, with options to renew for two (2; c3 ten (10) year terms, said Lease providing a payment term of the greater of either an annual base rent of $195,500,00 ("Minimum Base Rent") or fifteen percent (15%) of the gross revenues as defined in the Lease, and providing that the Minimum Base Rent shall be adjusted on an annual basis by the greater of the Consumer Price Index or a three percent (3%) escalator, with terms and conditions more particularly described in the Lease; further providing that the execution of the Lease does not confer any contractual rights upon the Proposer unless and until the electorate has cast a favorable referendum vote approving the transaction as required by City Charter Section 29(B). Section 4. This Resolution shall become effective immediately upon adoption and signature of the mayor.{2} APPROVED AS TO FORM AND CORRECTNESS: VIC ORIA ENDEZ CITY ATTORNEY Footnotes : {1} The herein authorization is further subject to compliance with all requirements that may be imposed by the City Attorney, including but not limited to those prescribed by applicable City Charter and Code provisions. {2} If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective immediately upon override of the veto by the City Commission. City ofMiaiixi Page .2 of 2 .15-0156.2 (Version: 3) Printed On: 1/13/2016 City o iar Legislation Resolution 15-01562 City Hall 3500 Pan American Drive Miami, FL 33133 www,rniamigov.com Final Actton Date: A y, >OLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), FIND %z THAT RIVERSIDE WHARF LLC ("PROPOSER") IS THE TOP RANKED RESPIVE AND RESPONSIBLE FIRM PURSUANT TO DEPARTMENT OF REAL ESTATE A %Nr ASSET MANAGEMENT'S REQUEST FOR PROPOSALS ("RFP") NO, 14-15-024 F+ ,a" THE DEVELOPMENT AND LEASE OF THE NORTH RIVFRFRONT PROPERTY L; ATED AT 236 AND 298 SOUTHWEST NORTH RIVER DRIVE, MIAMI, FLORID�',;'PROPERTY"); AUTHORIZING AND DIRECTING THE CITY MANAGER TO EX ' UTE A LEASE ("LEASE"), IN SUBSTANTIALLY THE ATTACHED FORM A IN COMPLIANCE WITH ANY AND ALL APPLICABLE STATE SUBMERGED L'%:DS LEASE REQUIREMENTS, WITH THE PROPOSER, FOR AN INITIAL TERM 0 HIRTY (30) YEARS, WITH AN OPTION TO RENEW FOR TWO (2) TEN (10) YE "'' TERMS, SAID LEASE PROVIDING A PAYMENT TERM OF THE GREATER OF / THER AN ANNUAL BASE RENT OF $195,500,00 ("MINIMUM BASE RENT") OR F EEN PERCENT (15%) OF THE GROSS REVENUES AS DEFINED IN THE ASE, AND PROVIDING THAT THE MINIMUM BASE RENT SHALL BE ADJUSTED w. AN ANNUAL BASIS BY THE GREATER OF THE CONSUMER PRICE INDEX OR A -IREE PERCENT (3%) ESCALATOR, WITH TERMS AND CONDITIONS MORE PARTULARLY DESCRIBED IN THE LEASE; FURTHER PROVIDING THAT THE EXECUN OF THE LEASE DOES NOT CONFER ANY CONTRACTUAL. RIGHTS UP PROPOSER UNLESS AND UNTIL THE ELECTORATE HAS CAST A FAVORABLE FERENDUM VOTE APPROVING THE TRANSACTION AS REQUIRED BY CITY CH ER SECTION 29(B). WHEREAS, the City of Miami ("City") owns the property locate t 236 and 298 Southwest North River Drive, Miami, Florida, 33130 ("Property"); and WHEREAS, on June 15, 2015, the City's Department of Real Estate aAsset Management ("DREAM") advertised Request for Proposals ("RFP") No. 14.-15-024, to soli ;,•roposals for the development of the Property including planning, design, construction, leasing a anagement services; and WHEREAS, on September 14, 2015, the solicitation period closed, with receipt o from Riverside Wharf LLC ("Proposer"), deemed responsive and responsible in accord RFP's terms and conditions; and (1) proposal, with the WHEREAS, pursuant to the RFP, the City Manager appointed an Evaluation Selection Co ee ("Committee") to evaluate said responsive and responsible proposal; and WHEREAS, the Committee met on December 8, 2015 to evaluate the criteria and scoring values assigned and to render a written Memorandum for Recommendation for Award ("Recommendation") to the City Manager; and WHEREAS, the City Manager City of Miami the Committee's Recommendation and submitted the Page 1 of 2 File Id: 15-01562 (pension: 1) Printed On: 12/1/201 r ReNumber m*,562 � n same to the City Commission for their ultimate consideration and approval; and WHEREAS, the City Commission the Recommendation nfthe City Manager; and EREAS, the above actions and procedures have been performed in accordance with the e provisions of the Charter and Code of the City of Miami, Florida, and provisions contained REFORE, BE IT RESOLVED BY THE COMMISSION OFTHE CITY OF MIAMI, Section 1. Th6,�,,,7citals and findings contained in the Preamble to this Resolution are adopted by reference and incorp ed as if fully set forth in this Section. Section 2. The Reco pursuant toDREAM RFPN Proposer is the top ranked fi endation of the City Manager , . the findings of the Committee, 114-15-024 for the development and lease of the Property finding that Section 3, The City Manage the attached form, and incompliance requirements, with the Proposer, for an ten (110) year terms, said Lease providing of $195,000.00 ("Minimum Base Rent") or the Lease, and providing that the Minimum Ba greater of the Consumer Price Index or a three p more particularly described in the Lease; further p confer any contractual rights upon the Proposer unle referendum vote approving the transaction as required erebydireoted1}toexecute alease ("Laase).insubstantially 'th any and all applicable State submerged lands lease tial term of thirty (30) years, with options to renew for two (2) ayment term of the greater of either an annual base rent n percent ('15%) of the gross revenues as defined in Rent shall be adjusted on an annual basis by the ent (3%) escalator, with terms and conditions "ding that the execution of the Lease does not nduntil the electorate has cast afavorable City Charter Section 29(6). Section 4. This Resolution shall become effective im APPROVED AS TO FORM AND CORRECTNESS: V|CTDRiAM�NDEZ CITYATTORNEY ely upon adoption and signature of the {1} The herein authorization is further subject to compliance with all require that may be imposed by the City Attorney, including but not limited to those presc i d by applicable City Charter and Code provisions, �2D If the Mayor does not sign this Reoo|uhon, it shall become effective at the end o (10 calendar days from the date it was p$nend and adopted. If the Mayor vetoes th Reuo|ution, it nhmU become effective immediately upon override of the veto by the City Commission. City qf Miami