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October 17, 2017
Daniel Rctenberg
Director
City of Miami
Dept. of Real Estate and Asset Management
444 SW 2' Avenue, 3' 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. Project 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.
2. Property; The City will grant SANSPI a 30-year concession. lease.
3. Owner Entity: It is intended that the Owner Entity will have one member, SANSPI LLC will be the managing
member ("Manager") and will have 10O%ownership interests. SANSPI will 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 all 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 99.t., Miami. FL 33157 Tel: (305) 587 5884
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THIS DOCUMENT IS A SUBSTITUTION TO
ORIGINAL. BACKUP ORIGINAL CAN BE SEEN AT
END OF THIS DOCUMENT.
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 SANS?I, LLC and the City of Miami and
supersedes all ether agreements.
Sincerely,
Luis..u-€sci
CEO f
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 Tee: (305) 58/-5884
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E:1
Sanctus Spirmtus
June 30, 2017
Daniel Rotenberg
Director
City of Miami
Dept, of Real Estate and Asset Management
444 SW 2"a Avenue, 3rd Floor
Re: Development of property located at 30 SE 4th Street, Miami FL ("Fort Dallas Park"
Dear Mr. Rotenberg:
This letter serves as a "non -binding" outline of the business terms regard- the formation of a Public -Private
Partnership between the City of Miami ("City") and Sanctuc Spiritus LL "SANSPI"). The terms of this proposal
shall include the following:
1. Proiect Description: the City currently owns the Fort D. las Park property referenced above. SANSPI will
be responsible for addressing the major capital impr• ements needed for the Fort Dallas Park. SANSPI is
considering a Public -Private Partnership for the re• velopment of the existing historical building and the
capital improvements to the property.
SANSPI is proposing to demolish the unnec ary structures except the historical building "Palm Cottage"
in accordance with the City of Miami Hists Preservation Office standards. SANSPI will build a restaurant
in the property to seat at least 250 pat ns.
2. Property: The City will lease the la' . to the Owner Entity for 10% of the gross sales from the restaurant.
3. Owner Entity: It is intended t : t the Owner Entity will have one member, SANSPI LLC will be the managing
member ("Manager") and II have 100% ownership interests. SANSPI will secure the funds or loans for
the construction and wil +rovide the necessary guaranties to finance the project and have sole control of
all major decisions an day to day operations. SANSPI will contribute any necessary predevelopment
expenses required, , er the Historic Preservation approvals of the property are approved, which will be
reimbursed upo losing of any Miami -Dade County, State of Florida or Federal Loans / Grants or
Construction -ns obtained by the Owner Entity,
4. Loans G :nts: The City will assist SANSPI in providing all of the necessary documentation to obtain and
closeo any loans / grant that the Owner Entity may identify
5. C- Flow Partici ation: SANSPI will share a 10% of the gross sales of the Project's operations with the
ity, as approved by both parties
SANSPI Duties: SANSPI will be responsible for maintaining the property including Palm Cottage and the
adjoining dock.
16735 SW 99°h Ct,, Miami, FL 33157 Tel: (305) 587-5884
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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 a
supersedes all other agreements.
Sincerely,
Luis Esqu °da
CE9
Sarittus Spiritus LLC
Acknowledged and accepted
Daniel Rotenberg
City of Miami, Director
Dept. of Real Estate & Asset Manager n
Date
16735 SW 99th Ct., Miami, FL 33157Te1: (305) 587-5884