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HomeMy WebLinkAboutMaster ReportCity of Miami Master Report Enactment Number: R-17-0202 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 2089 Revision: File Type: Resolution File Name: Pre -approve - Transfer of Controlling Interest of Bayside Requesting Dept: Department of Real Estate and Asset Management Status: ADOPTED Controlling Body: City Commission Introduced: 3/30/2017 Final Action Date: 4/27/2017 Title: A RESOLUTION OF THE MIAMI CITY COMMISSION APPROVING THE PENDING TRANSFER OF THE CONTROLLING INTEREST OF BAYSIDE MARKETPLACE, LLC ("BAYSIDE MARKETPLACE") TO BAYSIDE EQUITIES, LLC, A SUBSIDIARY OF ASHKENAZY ACQUISITION CORP., THEREBY TRANSFERRING THE CONTROLLING INTEREST OF BAYSIDE MARKETPLACE PURSUANT TO THE RESTATED LEASE AGREEMENT DATED AS OF OCTOBER 15, 1985, AS AMENDED ("RETAIL LEASE"), AND THE LEASE AGREEMENT DATED JANUARY 14, 1985, AS AMENDED ("PARKING GARAGE LEASE"), JOINTLY REFERRED TO AS "LEASES", BOTH BY AND BETWEEN THE CITY OF MIAMI ("CITY"), AS LANDLORD, AND BAYSIDE MARKETPLACE, LLC, AS TENANT, PROVIDING THE CITY A TRANSFER FEE OF APPROXIMATELY ONE MILLION SEVEN HUNDRED NINETY SIX THOUSAND DOLLARS ($1,796,000.00) UPON THE COMPLETION OF THE TRANSFER PURSUANT TO THE LEASES; FURTHER APPROVING AND AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ALL NECESSARY DOCUMENTS, INCLUDING AMENDMENTS AND MODIFICATIONS TO THE LEASES, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, AS MAY BE NECESSARY TO EFFECTUATE SAID TRANSFER. Notes: Links: Attachments: 2089 Back -Up Documents (PDF) 2089-Submittal-Commissioner Carollo-Email Bayside Transfer (PDF) History of Legislative File: Revision: Acting Body: Date: Action: Result: Aldo Bustamante Christopher M Rose Alberto N. Parjus Daniel J. Alfonso Legislative Division Barnaby L. Min Victoria Mendez City Commission City Commission Mayor's Office City Clerk's Office 4/6/2017 4/9/2017 4/10/2017 4/10/2017 4/18/2017 4/18/2017 4/18/2017 4/27/2017 4/27/2017 5/2/2017 5/2/2017 Department Head Review Budget Review Assistant City Manager Review City Manager Review Legislative Division Review Deputy City Attorney Review Approved Form and Correctness Meeting ADOPTED Signed by the Mayor Signed and Attested by the City Clerk Completed Completed Completed Completed Completed Completed Completed Completed Passed Completed Completed City of Miami Page 1 of 2 Printed on: 3/14/2025 City of Miami Master Report Enactment Number: R-17-0202 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com City of Miami Page 2 of 2 Printed on: 3/14/2025