HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
File ID: #2603
Date: 07/21/2017
Commission Meeting Date: 10/26/2017
Requesting Department: Department of
Real Estate and Asset Management
Sponsored By:
District Impacted: District 2
Type: Discussion Item
Subject: Discussion - Unsolicited Proposal for Olympia Theater
Purpose of Item:
A Discussion Item to be heard by the Miami City Commission, with attachment(s),
reviewing the unsolicited proposal submitted by RUDG, LLC ("Related") for a Public -
Private Partnership ("P3") to redevelop the existing 80 residential units above the
Olympia Theater and capital improvements to the theater ("Project") in accordance with
Section 18-119, City of Miami Code of Ordinances.
Background of Item:
The City of Miami ("City") owns the property located at 174 East Flagler Street, Miami,
Florida and known as the Olympia Theater or Gusman Theater ("Theater"). The
Property is currently managed by Olympia Center, Inc., a Florida Not -For -Profit
corporation.
The City of Miami Department of Real Estate and Asset Management has received an
unsolicited proposal from RUDG, LLC, also known as Related ("Developer") for the
redevelopment of the existing 80 residential units and the capital improvements to the
theatre. RUDG is proposing to demolish and replicate the existing building in
accordance with the City of Miami Historic Preservation Office standards, into a mixed -
income affordable and workforce housing development, containing between 200 and
300 units, and to renovate the Theater.
As per section 18-119 of the City of Miami Code of Ordinances, the City shall first notify
the commission of the unsolicited proposal by placement of a discussion item on the
agenda for the Commission's approval to proceed with said unsolicited proposal project.
Budget Impact Analysis
Item has NO budget impact
Total Fiscal Impact:
N/A
Real Estate and Asset Management
Office of Management and Budget
Office of Management and Budget
City Manager's Office
Legislative Division
City Manager's Office
Office of the City Attorney
Office of the City Attorney
City Commission
City Commission
City Commission
City Commission
Reviewed B
Aldo Bustamante
Everton Garvis
Christopher M Rose
Alberto N. Parjus
Carolina Aguila
Fernando Casamayor
Carolina Aguila
Carolina Aguila
Nicole Ewan
Nicole Ewan
Nicole Ewan
Nicole Ewan
Department Head Review
Budget Analyst Review
Budget Review
Assistant City Manager Review
Legislative Division Review
City Manager Review
Deputy City Attorney Review
Approved Form and Correctness
Meeting
Meeting
Meeting
Meeting
Completed 07/21/2017 12:17 PM
Completed 07/24/2017 3:03 PM
Completed 08/14/2017 9:50 AM
Completed 08/15/2017 11:54 PM
Skipped 08/11/2017 11:47 AM
Completed 08/16/2017 3:00 PM
Skipped 08/11/2017 11:48 AM
Skipped 08/11/2017 11:48 AM
Completed 09/14/2017 9:00 AM
Completed 09/19/2017 9:00 AM
Completed 10/12/2017 9:00 AM
Completed 10/26/2017 9:00 AM