HomeMy WebLinkAboutBack-Up-Documents-Memo SUBCITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
Honorable Mayor and Member of the DATE: October 23, 2017
City Commission
FROM: Fernando Casamayo
Assistant City Manager
SUBJECT: Substitution for Item DI.4 — October 26, 2017
Agenda
REFERENCES:
ENCLOSURES: Revised Proposal
The Department of Real Estate and Asset Management respectfully requests that the following item by
substituted in the October 26, 2017 agenda: DI. — 4. Discussion to Review the Unsolicited Proposal
Submitted by Sanctus Spiritus LLC for a Public -Private Partnership to Redevelop Fort Dallas Park, as well
as make Capital Improvements to the Palm Cottage. The main item that has been changed from the
original package is, as follows:
• Slight revisions to the scope of Project, as set forth in paragraph 1 of Sanctus Spiritus' proposal.
Cc: Todd B. Hannon, City Clerk
Anna Medina, Agenda Coordinator
Alberto N. Parjus, Assistant City Attorney
Victoria Mendez, City Attorney
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October 17, 2017
Daniel Retell berg
Director
City of Miami
Dept. of Real Estate and Asset Management
444 SW 2 ` Avenue, 3`y Floor
Re: Development of property located at 30 SE 4' Street, Miami FL ("Fort Dallas Park")
Dear Mr. Rotenberg:
This letter serves as a ''non -binding" outline of the business terms regarding the formation of a Public -Private
Partnership between the City of Miami ("City") and Sanctus Spiritus Hospitality LLC ("SANSPI"), The terms of this
proposal shall include the following:
1. ?roiect Description: the City currently owns the Fort Dallas Park property referenced above. SANSPI will
be responsible for addressing the major capital improvements needed for the Fort Dallas Park. SANSPI is
considering a Public -Private Partnership for the redevelopment of the existing historical building and the
capital improvements to the property.
SANSPI is proposing to demolish the unnecessary structures except the historical building "Palm Cottage"
in accordance with the City of Miami Historic Preservation Office standards. SANSPI will build and
renovate structures on the premises to contain local small businesses.
Property: The City will grant SANSPI a 30 year concession lease.
Owner Entity: It is intended that the Owner Entity will have one member, SANSPI LLC will be the managing
member ("Manager') and will have 100% ownership interests. SANSPI wili secure the funds or loans for
the construction and will provide the necessary guaranties to finance the project and have sole control of
all major decisions and day to day operations. SANSPI will contribute any necessary predevelopment
expenses required, after the Historic Preservation approvals of the property are approved, which will be
reimbursed upon closing of any Miami -Dade County, State of Florida or Federal Loans / Grants or
Construction Loans obtained by the Owner Entity.
4. Loans / Grants: The City will assist SANSPI in providing ail of the necessary documentation to obtain and
close on any loans / grant that the Owner Entity may identify
5. Cash Flow Participation: SANSPI will share a 10% of the gross revenue of the Project's operations with the
City, as approved by both parties
16735 SW 99t' Ct., Miami, FL 33157 Tel: (305) 587.5884
6. SANSPI Duties: SANSPI will be responsible For maintaining the property including Palm Cottage and the
adjoining dock,
7. City Duties: The City will assist SANSPI with all municipal activities including but not limited to obtaining
zoning approvals, entitlements, and permitting meetings.
This letter includes all of the "non -binding" business terms between SANSPI, LLC and the City of Miami and
supersedes all cther agreements,
Sincerely,
Sanctus Spiritus LLC
Acknowledged and accepted
Daniel Rotenberg
City of Miami, Director
Dept. of Real Estate & Asset Management
Date
16735 SW 99,^ Ct., Miami, FL 33157 Tei; (305) 58/-5884