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Master Report
Enactment Number:
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 2576
Revision:
File Type: Resolution
File Name: Direct City Attorney - Charter Amendment - Hyatt
Equities, LLC
Status: WITHDRAWN
Controlling Body: City Commission
Introduced: 6/26/2017
Requesting Dept: Department of Real Estate and Asset Final Action Date: 7/13/2017
Management
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
DIRECTING THE CITY ATTORNEY TO PREPARE AN AMENDMENT TO THE
CHARTER OF THE CITY OF MIAMI, FLORIDA ("CHARTER") FOR CONSIDERATION
AT THE REFERENDUM SPECIAL ELECTION TO BE HELD CONCURRENTLY WITH
THE GENERAL MUNICIPAL ELECTION SCHEDULED FOR NOVEMBER 7, 2017,
PROPOSING, UPON APPROVAL OF THE ELECTORATE, TO AMEND SECTION 29-B
OF THE CHARTER ENTITLED "CITY -OWNED PROPERTY SALE OF LEASE -
GENERALLY," TO AUTHORIZE THE CITY COMMISSION BY A FOUR -FIFTHS
(4/STHS) AFFIRMATIVE VOTE, TO WAIVE COMPETITIVE BIDDING AND TO
EXECUTE AN AMENDED AND RESTATED LEASE WITH HYATT EQUITIES, LLC, TO
EXTEND THE CURRENT LEASE TERM TO A TOTAL OF NINETY-NINE (99) YEARS,
WITH AN ANNUAL BASE RENT PAYABLE TO THE CITY OF MIAMI ("CITY") OF AT
LEAST TWO MILLION DOLLARS ($2,000,000.00), PLUS ADDITIONAL PERCENTAGE
RENT FOR OTHER USES, WITH RESTRICTIONS, REVERSIONS, AND RETENTION
BY THE CITY OF ALL OTHER RIGHTS, TO BE REDEVELOPED PURSUANT TO A
COMPREHENSIVE REDEVELOPMENT MASTER PLAN INCORPORATING THE
JAMES L. KNIGHT CONVENTION CENTER LAND REQUIRING CITY COMMISSION
APPROVAL.
Notes:
Links:
Attachments: 2576 Exhibit (PDF)
2576 Pre -Legislation (PDF)
2576-Submittal-Vice Chair Russell-PowerPoint Presentation
History of Legislative File:
(PDF)
Revision: Acting Body:
Date: Action: Result:
Daniel Rotenberg
Everton Garvis
Christopher M Rose
Alberto N. Parjus
Legislative Division
Daniel J. Alfonso
City Commission
City Commission
6/29/2017
6/29/2017
6/29/2017
6/29/2017
6/29/2017
7/3/2017
7/13/2017
7/13/2017
Department Head Review
Budget Analyst Review
Budget Review
Assistant City Manager Review
Legislative Division Review
City Manager Review
Meeting
WITHDRAWN
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Passed
City of Miami Page 1 of 1 Printed on: 1/24/2025