HomeMy WebLinkAboutBack-Up DocumentG AND G BUSINESS DEVELOPMENTS, LLC
1200 Brickell Avenue, Ste. 1600
Miami, FL 33131
December 26, 2016
Daniel Rotenberg, Director
City of Miami
Department of Real Estate & Asset Management
444 SW 2nd Avenue, 3rd Floor
Miami, Florida 33130
Re: Letter of Intent: Proposal Pursuant to Section 18-119 of the City Code
Dear Mr. Rotenberg:
G AND G BUSINESS DEVELOPMENTS LLC (the "Developer') would like to
propose to the City of Miami (the "City") a plan to develop a Beach Pavilion in
the southeast sector of Historic Virginia Key Beach, managed by the Virginia
Key Beach Park Trust, (the "Project"). The Project that we are proposing will be
a Beach Pavilion project open to the public. It will respect the environment,
provide protection to the habitat, to be constructed on native and endangered
animals and plants, and would highlight the historical heritage of Virginia Key.
1. Description of the Project
The Project will be developed in a platform that will be raised on pillings over
the land. This platform will preserve the land in its natural life and it would
minimize the visual pollution and impact to the environment. It will also help
to mantain the land's absortion capacity, as well as preserve the current flora
and fauna.
The platform will contain two buildings with a shared main entrance. One of
the buildings will be a place for events that can accommodate approximately
100 people, will have a kitchen, restrooms, and it will also have a covered area
with air conditioned and a terrace overlooking the bay. This building will be
suitable for clay and night events. The other building will be a beach club with
a diming area, a kitchen, restrooms, a solarium and a pool. This building will
be available through a membership open to public. In the Beach Pavilion area
sand will be added to the beach to fill the lack of sand due to erosion and the
current of waters in recent years. We will built two blocks of stone over the
water to prevent these water currents from affecting the swimmers.
2. Project Investment
The projected investment for these two buildings, its platforms and the beach
enhancements shall be approximately $4,000,000.00 (Four Million Dollars).
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3. Public Benefits
The Developer will be offering the following as public benefits:
1. Replenishing the sand in the beach taken by erosion to be used by
the public.
2. Built two blocks of stone over the water to prevent water currents
that affect swimmers
3. Building two structures that will be kept by the Virginia Key Beach
Park Trust after this agreement is over with a final investment of
approximately $4,000,000.00.
4. $120,000 yearly income for 30 years which is an equivalent of
$3,600,000.00.
4. Financial Terms
The Developer agrees to pay the City of Miami for this project $ 120,000 (One
Hundred and Twenty Thousand) annually for a period of 30 years from the
approval date.
4. Applicable Law
The construction, scope and execution of this Letter of Intent and any future
agreement between the parties shall be governed and construed in accordance
with the laws of Florida.
By: Iris Escarra, Esq. Counsel to
German Coto, Manager
G and G Business Developments, LLC.
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