HomeMy WebLinkAboutSummary FormDate: 11/19/2015
FILE ID:
AGENDA ITEM SUMMARY FORM
15-01470
Requesting Department: Department of Real Estate and Asset Management
Commission Meeting Date: December 10, 2015 District Impacted: 2
Type: /1 Resolution ❑ Ordinance n Emergency Ordinance ❑ Discussion Item
❑ Other
Law Department
Matter ID No.
Subject: Five (5) Year Renewal Option to the existing Revocable License Agreement between the City of Miami
and Miami Rowing and Watersports Center, Inc. for the continued use of approximately 3.44 acres of City -
owned property located at 3601 Rickenbacker Causeway, Miami, Florida for the purpose of providing water
recreational and educational opportunities.
Purpose of Item:
A Resolution of the City of Miami Commission, with attachment(s), authorizing the City Manager to execute a
renewal letter ("Renewal Letter"), in substantially the attached form, authorizing a five (5) year renewal option
to the existing Revocable License Agreement ("License") with Miami Rowing and Watersports Center, Inc.
("Licensee") a Florida Nonprofit Corporation, for the property located at 3601 Rickenbacker Causeway and
waiving a portion of their use fee.
Background Information
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: '°' 'S,O0t� is �: �ad yE'c�r ,,r0
Final Approvals
JSIGN AND DAT
Budge
Risk Management
Purchasing Dept. Director Chief City City Manager��
CIP N/A
Grants
If using or receiving capital funds
N/A
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Subject: Five (5) Year Renewal Option to the existing Revocable License Agreement between the City of Miami
and Miami Rowing and Watersports Center, Inc. for the continued use of approximately 3.44 acres of City -
owned property located at 3601 Rickenbacker Causeway, Miami, Florida for the purpose of providing water
recreational and educational opportunities.
Background Information:
The City of Miami ("City") is the owner of approximately 3.44 acres of property located at 3601 Rickenbacker
Causeway, Miami, Florida.
The City currently licenses said property to Miami Rowing and Watersports Center, Inc. ("Licensee"). The
Licensee pays (1) a monthly use fee of $2,000 to the City, plus state use tax, if applicable; and (2) an additional
percentage fee of 12% of monthly gross revenues.
The City and Licensee would like to exercise the five (5)-year renewal option to the existing Revocable License
Agreement thereby extending the expiration date of the agreement from September 30, 2015 to September
30, 2020. In addition to the extension, the City is requesting to waive six (6) months of the Licensee's Use Fee
for the months of September 2015 through February 2016 totaling Fourteen Thousand Five Hundred Dollars
($14,500.00) due to the ongoing construction of the Flex Park at the Marine Stadium that has resulted in a
financial hardship on Licensee's business.
As a result of the extension, Licensee shall pay an increased monthly use fee of $2,500 (from $2,000) to the
City, plus state use tax, if applicable, and an additional increased percentage fee of 13% (from 12✓0) of monthly
gross revenues; with other terms and conditions as more particularly set forth in said License.
Licensee has satisfied all past -due financial obligations of $35,650.22 (paid in monthly installments of $ 594.17
over 50 months) and a lump sum payment of $5,941.70 as required by the existing License. These funds were
paid by the Licensee to the City of Miami as required.
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