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HomeMy WebLinkAboutMaster ReportCity of Miami Master Report Enactment Number: City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 3968 File Type: Resolution Revision: File Name: Direct City Attorney - Charter Amendment - Hyatt Equities, LLC Requesting Dept: Department of Real Estate and Asset Management Status: WITHDRAWN Controlling Body: City Commission Introduced: 4/3/2018 Final Action Date: 7/12/2018 Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), DIRECTING THE CITY ATTORNEY TO PREPARE AN AMENDMENT TO THE CHARTER OF THE CITY OF MIAMI, FLORIDA, AS AMENDED ("CHARTER"), FOR CONSIDERATION AT THE REFERENDUM 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 APPROVE AN AMENDED AND RESTATED LEASE WITH HYATT EQUITIES, LLC, TO EXTEND THE CURRENT LEASE TERM TO A TOTAL OF NINETY-NINE (99) YEARS, TO EXPAND THE LEASED PREMISES TO INCLUDE THE LAND UPON WHICH THE CONVENTION CENTER IS LOCATED AND AMENDING THE PARKING AGREEMENT, WITH AN ANNUAL BASE RENT PAYABLE TO THE CITY OF MIAMI ("CITY") OF AT LEAST TWO MILLION DOLLARS ($2,000,000.00), PLUS ADDITIONAL PROFIT PARTICIPATION RENT FOR OTHER USES, WITH RESTRICTIONS, REVERSIONS, AND RETENTION BY THE CITY OF ALL OTHER RIGHTS, TO BE REDEVELOPED PURSUANT TO A COMPREHENSIVE REDEVELOPMENT MASTER PLAN, INCORPORATING THE JAMES L. KNIGHT CONVENTION CENTER LAND, REQUIRING CITY COMMISSION APPROVAL. Notes: Links: Attachments: 3968 Exhibit (PDF) 3968 Pre -Legislation (PDF) 3968-Submittal-Kobe Karp -Hyatt Regency -Presentation (PDF) 3968-Submittal-Commissioner Russell-400 SE 2nd AVE-Map (PDF) 3968-Submittal-Commissioner Russell -Proposed Amendment to Attachment C (PDF) 3968-Submittal-Brett Bibeau-Letter Miami River Commission Advisory Recommendations (PDF) 3968-Submittal-Brett Bibeau-Miami River Commission Recommendation Letter (PDF) History of Legislative File: Revision: Acting Body: Date: Action: Result: Aldo Bustamante Everton Garvis Christopher M Rose Fernando Casamayor Legislative Division Nikolas Pascual Daniel Diaz 4/10/2018 4/10/2018 4/12/2018 4/23/2018 4/23/2018 4/25/2018 4/27/2018 Department Head Review Budget Analyst Review Budget Review Assistant City Manager Review Legislative Division Review City Manager Review ACA Review Completed Completed Completed Completed Completed Completed Completed City of Miami Page 1 of 2 Printed on: 4/2/2026 Victoria Mendez City Commission City Commission City Commission City Commission City Commission City Commission City of Miami Master Report Enactment 4/30/2018 5/10/2018 5/10/2018 5/24/2018 5/24/2018 7/12/2018 7/12/2018 Number: Approved Form and Correctness Meeting DEFERRED Meeting DEFERRED Meeting WITHDRAWN City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Completed Completed Passed Completed Passed Completed Passed City of Miami Page 2 of 2 Printed on: 4/2/2026