HomeMy WebLinkAboutMaster ReportCity of Miami
Master Report
Enactment Number: R-18-0231
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 4103
Revision: A
File Type: Resolution Status: ADOPTED WITH
MODIFICATION(S)
Controlling Body: City Commission
File Name: Direct City Attorney - Jungle Island Charter Introduced: 5/1/2018
Amendment
Requesting Dept: Department of Real Estate and Asset Final Action Date: 6/8/2018
Management
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
DIRECTING THE CITY ATTORNEY TO PREPARE A PROPOSED AMENDMENT TO
THE CHARTER OF THE CITY OF MIAMI, FLORIDA ("CHARTER") FOR
CONSIDERATION AT THE SPECIAL ELECTION SCHEDULED FOR AUGUST 28, 2018
PROPOSING, UPON APPROVAL OF THE ELECTORATE, TO AMEND SECTION 29-B
OF THE CHARTER, ENTITLED "CITY -OWNED PROPERTY SALE OR LEASE -
GENERALLY," TO AUTHORIZE THE CITY COMMISSION, BY A FOUR -FIFTHS
(4/STHS) AFFIRMATIVE VOTE, TO WAIVE COMPETITIVE BIDDING AND AUTHORIZE
THE CITY MANAGER TO EXECUTE BOTH AN ESCROW AGREEMENT ("ESCROW')
AND THE FIFTH MODIFICATION TO THE LEASE AND DEVELOPMENT AGREEMENT
("FIFTH MODIFICATION") BETWEEN THE CITY OF MIAMI ("CITY") AND ESJ JI
LEASEHOLD, LLC ("ESJ") FOR 19.35 ACRES OF CITY -OWNED WATERFRONT
PROPERTY, AMENDING CERTAIN TERMS OF THE EXISTING LEASE, INCLUDING
BUT NOT LIMITED TO, ADDITIONAL IMPROVEMENTS ON THE PROPERTY;
MODIFICATION TO THE CURRENT REMAINING LEASE TERM ("TERM") OF
APPROXIMATELY FORTY THREE (43) YEARS AND EXTENDING THE TERM TO 2099
WITH AN ADDITIONAL OPTION OF FIFTEEN (15) YEARS TO EXTEND THE LEASE
TO 2114; PAYMENT OF ADDITIONAL ANNUAL RENT OF TWO HUNDRED FIFTY
THOUSAND DOLLARS ($250,000.00) INCREASING, ONCE THE PROPOSED HOTEL
HAS STABILIZED, TO THE GREATER OF ONE MILLION TWO HUNDRED TWENTY
THOUSAND DOLLARS ($1,220,000.00) OR FIVE PERCENT (5%) OF ANNUAL HOTEL
GROSS REVENUES FROM A FIFTY MILLION DOLLAR ($50,000,000.00) HOTEL,
WITH A MAXIMUM OF THREE (300) HUNDRED ROOMS AND ONE HUNDRED
THIRTY (130) FOOT HEIGHT, AT ESJ'S EXPENSE AND OPTION, SUBJECT TO CITY
APPROVALS AND SUCCESSFUL LAND USE AND ZONING CHANGES, AS
NECESSARY; PROVIDING PARKING, RETAIL/RESTAURANT, AND MEETING ROOM
SPACE; PROVIDING IMPROVEMENTS, REPAIRS, AND MAINTENANCE TO THE
ICHIMURA-MIAMI JAPANESE GARDENS IN THE AMOUNT OF SEVEN HUNDRED
THOUSAND DOLLARS ($700,000.00); PROVIDING A CONTRIBUTION OF SEVEN
HUNDRED FIFTY THOUSAND DOLLARS ($750,000.00), PAID OVER A TEN (10)
YEAR PERIOD, FOR AFFORDABLE HOUSING; ESTABLISHING A REPAIRS
RESERVE ACCOUNT; IMPLEMENTING A THREE PERCENT (3%) TRANSFER FEE
OF GROSS SALE PROCEEDS; IMPLEMENTING A REFINANCING FEE OF ONE
PERCENT (1%) OF LOAN PROCEEDS; PROVIDING A RENT CREDIT TO ESJ IN THE
AMOUNT OF FIVE HUNDRED THOUSAND DOLLARS ($500,000.00) FOR
REIMBURSEMENT OF COSTS RELATED TO SHORELINE STABILIZATION AND
IMPROVEMENTS NEEDED AS A RESULT OF EROSION FROM HURRICANE
DAMAGE IN 2017; WITH RESTRICTIONS, REVERSIONS, AND RETENTION BY THE
CITY OF ALL OTHER RIGHTS.
City of Miami Page 1 of 2 Printed on: 4/7/2026
City of Miami City Hall
3500 Pan American Drive
Miami, FL 33133
Master Report www.miamigov.com
Enactment Number: R-18-0231
Notes:
Links:
Attachments:
History of Legislative File:
Revision: Acting Body: Date: Action: Result:
Aldo Bustamante
Everton Garvis
Christopher M Rose
Fernando Casamayor
Legislative Division
Nikolas Pascual
Barnaby L. Min
Victoria Mendez
City Commission
City Commission
A Legislative Division
A Barnaby L. Min
A Victoria Mendez
A Mayor's Office
A City Clerk's Office
A City Clerk's Office
5/1/2018
5/2/2018
5/4/2018
5/14/2018
5/14/2018
5/29/2018
6/1/2018
6/1/2018
6/8/2018
6/8/2018
6/8/2018
6/8/2018
6/12/2018
6/12/2018
6/12/2018
6/13/2018
Department Head Review Completed
Budget Analyst Review Completed
Budget Review Completed
Assistant City Manager Review Completed
Legislative Division Review Completed
City Manager Review Completed
Deputy City Attorney Review Completed
Approved Form and Completed
Correctness
Meeting Completed
ADOPTED WITH Passed
MODIFICATION(S)
Legislative Division Review Completed
Deputy Attorney Review Completed
Approved Form and Completed
Correctness with Mod ification (s)
Signed by the Mayor Completed
Signed and Attested by the City Completed
Clerk
Rendered Completed
City of Miami Page 2 of 2 Printed on: 4/7/2026