HomeMy WebLinkAboutMaster ReportCity of Miami
Master Report
Enactment Number: R-18-0232
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 4102
Revision: B
File Name: Charter Amendment - Jungle Island
Requesting Dept: Department of Real Estate and Asset
Management
File Type: Resolution Status: ADOPTED WITH
MODIFICATION(S)
Controlling Body: City Commission
Introduced: 5/1/2018
Final Action Date: 6/8/2018
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
APPROVING, SETTING FORTH, AND SUBMITTING TO THE ELECTORATE A
PROPOSED AMENDMENT TO THE CHARTER OF THE CITY OF MIAMI, FLORIDA, AS
AMENDED ("CHARTER"); SPECIFICALLY PROPOSING 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 A 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 A 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 THE PROPOSED FIFTY MILLION DOLLAR
($50,000,000.00) HOTEL, WITH A MAXIMUM OF THREE HUNDRED (300) 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 REPAIR 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 REIMBURSEMENTS 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; REGARDLESS OF THE REFERENDUM RESULT, ESJ SHALL PAY THE
FOLLOWING: ONE HUNDRED THOUSAND DOLLARS ($100,000.00) TO THE CITY
IMMEDIATELY THEREAFTER THE REFERENDUM RESULTS AND, THIRTY FIVE
THOUSAND DOLLARS ($35,000.00) TO THE LIBERTY CITY COMMUNITY
City of Miami Page 1 of 2 Printed on: 3/31/2025
City of Miami
Master Report
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Enactment Number: R-18-0232
REVITALIZATION TRUST PER YEAR FOR THE DURATION OF THE LEASE
COMMENCING JANUARY 1ST, 2021; CALLING FOR A SPECIAL ELECTION TO BE
HELD ON AUGUST 28, 2018; DESIGNATING AND APPOINTING THE CITY CLERK AS
THE OFFICIAL REPRESENTATIVE OF THE CITY COMMISSION WITH RESPECT TO
THE USE OF VOTER REGISTRATION BOOKS AND RECORDS; FURTHER
DIRECTING THE CITY CLERK TO CAUSE A CERTIFIED COPY OF THE HEREIN
RESOLUTION TO BE DELIVERED TO THE SUPERVISOR OF ELECTIONS OF MIAMI-
DADE COUNTY, FLORIDA NOT LESS THAN FORTY FIVE (45) DAYS PRIOR TO THE
DATE OF SUCH SPECIAL ELECTION; AUTHORIZING THE CITY MANAGER TO
EXECUTE THE ESCROW AND FIFTH MODIFICATION, SUBJECT TO APPROVAL BY
THE ELECTORATE, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, AND
SUBJECT TO DELIVER TO THE CITY ATTORNEY WITHIN SEVEN (7) DAYS OF THE
EFFECTIVE DATE OF THIS RESOLUTION THE EXECUTED FIFTH AMENDMENT TO
BE HELD IN ESCROW BY THE CITY ATTORNEY; AUTHORIZING THE CITY
ATTORNEY TO TAKE ANY AND ALL STEPS NECESSARY ON BEHALF OF THE CITY
TO COMPLY WITH THE ESCROW; AND PROVIDING AN IMMEDIATE EFFECTIVE
DATE.
Notes:
Links:
Attachments: 4102 Exhibit - Fifth Modification SUB (PDF)
4102 Exhibit - Escrow Agreement (PDF)
4102 Exhibit No. 1 (PDF)
4102 Back -Up Documents (PDF)
4102 Appraisal - Blake (PDF)
4102 Appraisal - CBRE (PDF)
4102-Submittal-Samuel J. Dubbin -Jungle Island Noise Impacts (PDF)
4102-Submittal-Samuel J. Dubbin -Letter to Elected Officials RE Jungle Island Charter Amendment (PDF)
4102-Submittal-Carlos Gimenez-Waterfront Buffer Map (PDF)
4102-Submittal-Carlos Gimenez-Jungle Island -Yes Support Petitions (PDF)
History of Legislative File:
Revision: Acting Body:
Date:
Action:
Result:
A
A
A
A
A
B
B
B
B
B
B
Aldo Bustamante
Everton Garvis
Christopher M Rose
Fernando Casamayor
Legislative Division
Nikolas Pascual
Barnaby L. Min
City Commission
City Commission
Legislative Division
Barnaby L. Min
Mayor's Office
City Clerk's Office
5/2/2018
5/2/2018
5/4/2018
5/14/2018
5/14/2018
5/29/2018
5/31/2018
6/8/2018
6/8/2018
6/8/2018
6/8/2018
6/12/2018
6/12/2018
Victoria Mendez 6/15/2018
City Clerk's Office 6/15/2018
Department Head Review
Budget Analyst Review
Budget Review
Assistant City Manager Review
Legislative Division Review
City Manager Review
Deputy City Attorney Review
Meeting
ADOPTED WITH
MODIFICATION(S)
Legislative Division Review
Deputy Attorney Review
Signed by the Mayor
Signed and Attested by the City
Clerk
Approved Form and
Correctness with Modification(s)
Rendered
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Passed
Completed
Completed
Completed
Completed
Completed
Completed
City of Miami Page 2 of 2 Printed on: 3/31/2025