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FLAGSTONE TIMELINE
► November 2001
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Voters first approved Flagstone "Island Gardens" project referendum, a response to
a City RFP.
► December 2002
The City of Miami entered into its first agreement with Flagstone, the Agreement to
Enter into a Ground Lease, often shortened to the "Agreement to Enter," which
dictated the original terms upon which the City would lease part of Watson Island to
Flagstone.
► September 2004
First Amendment to Agreement to Enter
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FLAGSTONE TIMELINE
► November 2006
Second Amendment to Agreement to Enter
I. June 2008
Third Amendment to Agreement to Enter
► April 2010-June 2010
On the brink of expiration, the City granted Flagstone multiple extensions as
negotiations were at a standstill. At this time, the City and Flagstone were also
seeking a modification to a deed restriction from the State of Florida, for which
the City was receiving some pushback. Eventually, the City and the State reached
an agreement by which the State of Florida would take a 15% stake in part of the
project.
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on 51360 l0 . City Clerk
FLAGSTONE TIMELINE
► September 2010
The City agreed to a Fourth Amendment to Agreement to Enter, which allowed
Flagstone to develop the project on a "component by component" basis for the
first time, dividing the project into three (3) components: (1) Marina Component;
(2) Parking/Retail Component; and (3) Hotel Component. This amendment also
adopted Composite Attachment 3, which provides for various construction
deadlines and City termination rights.
► September 2011
The State of Florida and the City executed an agreement to modify the deed
restriction which had originally prohibited conveyance of the land for private
use/purposes.
► May 2014
Flagstone entered into Ground Lease with the City for Marina Component
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FLAGSTONE TIMELINE
► March 2016
A Temporary Use of Vacant Land Permit for pop up restaurant was approved by
the City.
► September 2016
Temporary Use Permit expired on the 26th of September of last year. The
restaurant continued to operate without a permit.
October 2016
The City and Flagstone execute a Ground Lease for the parking/retail Component
on October 11
► January 2017
Flagstone received Notice of Violation from Code Compliance for operating a
restaurant without a Certificate of Use and various health and safety violations.
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on 5 Ihb 11 , City Clerk
FLAGSTONE TIMELINE
► March 2017
Flagstone was ordered by the State of Florida Department of Business and
Professional Regulation (DPBR) to shut down the restaurant and was cited for 57
violations of health and food safety regulations
► April 2017
Flagstone was notified that they were delinquent on over $750,000 worth of
property taxes, due no later that May 31, 2017.
► May 2017
Flagstone paid outstanding property taxes on May 22, 2017, just before the May
31 deadline.