Loading...
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