HomeMy WebLinkAboutMaster ReportCity of Miami
Master Report
Enactment Number: R-17-0490
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 2876
Revision: B
File Name: Fifth Amendment - Miami Outboard Club, Inc.
Requesting Dept: Department of Real Estate and Asset
Management
File Type: Resolution Status: ADOPTED WITH
MODIFICATION(S)
Controlling Body: City Commission
Introduced: 8/18/2017
Final Action Date: 10/12/2017
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
PURSUANT TO SECTION 29-D OF THE CHARTER OF THE CITY OF MIAMI,
FLORIDA, AS AMENDED, AUTHORIZING THE CITY MANAGER, BY A FOUR -FIFTHS
(4/STHS) AFFIRMATIVE VOTE, TO WAIVE COMPETITIVE BIDDING AND TO
EXECUTE A FIFTH AMENDMENT TO THE LEASE AGREEMENT ("FIFTH
AMENDMENT"), IN SUBSTANTIALLY THE ATTACHED FORM, BETWEEN THE CITY
OF MIAMI ("CITY") AND THE MIAMI OUTBOARD CLUB, INC., A NON-PROFIT
FLORIDA CORPORATION ("LESSEE"), FOR USE OF A PORTION OF CITY -OWNED
WATERFRONT PROPERTY ON WATSON ISLAND LOCATED AT 1099 MACARTHUR
CAUSEWAY, MIAMI, FLORIDA 33132 ("LEASE PROPERTY"), WITH SAID FIFTH
AMENDMENT TO (1) EXTEND THE CURRENT LEASE TERM BY AN ADDITIONAL
TERM OF TWENTY-FIVE (25) YEARS WITH TWO (2) ADDITIONAL TEN (10) YEAR
OPTIONS TO RENEW FOR A POSSIBLE TOTAL EXTENSION TERM OF FORTY-FIVE
(45) YEARS ("EXTENSION TERM"); (2) INCREASE THE TOTAL EXTENSION TERM
BASE MONTHLY RENT TO FAIR MARKET VALUE, AS DETERMINED BY TWO (2)
INDEPENDENT APPRAISALS, TO THE AMOUNT OF THIRTEEN THOUSAND
DOLLARS ($13,000.00) INCREASED ANNUALLY BY THREE PERCENT (3%) WITH
THE CONTINUED PROVISION OF COMMUNITY SERVICE CREDITS; (3) MODIFY
THE PERCENTAGE RENT PAYMENT TO INCLUDE REVENUES COLLECTED FOR
MEMBERSHIP DUES AND BOAT STORAGE; (4) PROVIDE FOR SIGNIFICANT
CAPITAL IMPROVEMENTS TO THE LEASE PROPERTY, AT THE LESSEE'S SOLE
EXPENSE, OF A MINIMUM OF SIX MILLION DOLLARS ($6,000,000.00) TO BE
COMPLETED WITHIN SIX (6) YEARS OF THE FIFTH AMENDMENT'S EFFECTIVE
DATE; AND (5) PROVIDE FOUR (4) SLIPS FOR USE BY THE CITY'S POLICE
DEPARTMENT MARINE PATROL UNIT; RESERVING ALL AIR RIGHTS FOR FUTURE
CITY BUILDINGS, ALL RIGHTS TO SUBMERGED LANDS FOR FUTURE CITY BOAT
SLIPS AND MARINAS, AND ALL RIGHTS OF ACCESS TO THE LEASE PROPERTY;
WITH SUCH ADDITIONAL TERMS AND CONDITIONS AS CONTAINED IN THE FIFTH
AMENDMENT.
Notes:
Links:
Attachments: 2876 Exhibit (PDF)
2876 Appraisal - Armada (PDF)
2876 Appraisal - Blake (PDF)
2876 Back -Up Documents (PDF)
2876 Back -Up from Law Dept (PDF)
2876-Submittal-DREAM-Miami Outboard Club Special Purpose Property Appraisal Report (PDF)
2876-Submittal-DREAM-Exhibit D Redevelopment Plans (PDF)
2876-Submittal-Clemente Gonzalez -Miami Outboard Club Booklet (PDF)
City of Miami Page 1 of 2 Printed on: 3/24/2025
City of Miami
Master Report
Enactment Number: R-17-0490
2876-Submittal-DREAM-Blake Appraisal Report for Miami Outboard Club (PDF)
History of Legislative File:
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Revision: Acting Body: Date: Action: Result:
Aldo Bustamante 8/21/2017 Department Head Review Completed
Everton Garvis 8/21/2017 Budget Analyst Review Completed
Christopher M Rose 8/21/2017 Budget Review Completed
Alberto N. Parjus 8/23/2017 Assistant City Manager Review Completed
Daniel J. Alfonso 8/26/2017 City Manager Review Completed
Legislative Division 9/15/2017 Legislative Division Review Completed
Barnaby L. Min 9/15/2017 Deputy City Attorney Review Completed
Victoria Mendez 9/19/2017 Approved Form and Completed
Correctness
City Commission 9/28/2017 Meeting Completed
City Commission 9/28/2017 DEFERRED Passed
A Legislative Division 10/2/2017 legislative Division Review Completed
A Barnaby L. Min 10/2/2017 Deputy Attorney Review Completed
A Victoria Mendez 10/2/2017 Approved Form and Completed
Correctness
A City Commission 10/12/2017 Meeting Completed
A City Commission 10/12/2017 ADOPTED WITH Passed
MODIFICATION(S)
B Mayor's Office 10/17/2017 Signed by the Mayor Completed
B City Clerk's Office 10/17/2017 Signed and Attested by the City Completed
Clerk
B Legislative Division 11/14/2017 Legislative Division Review Completed
B Barnaby L. Min 11/14/2017 Deputy Attorney Review Completed
B Victoria Mendez 11/14/2017 Approved Form and Completed
Correctness with Modification(s)
B City Clerk's Office 11/14/2017 Rendered Completed
City of Miami Page 2 of 2 Printed on: 3/24/2025