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HomeMy WebLinkAboutR-18-0298City of Miami Resolution R-18-0298 Legislation City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 4505 Final Action Date: 7/12/2018 A RESOLUTION OF THE MIAMI CITY COMMISSION SCHEDULING A SPECIAL CITY COMMISSION MEETING ON JULY 18, 2018 AT 10:00 A.M. AT MIAMI CITY HALL, 3500 PAN AMERICAN DRIVE, MIAMI, FLORIDA FOR THE PURPOSES OF DISCUSSING AND TAKING ANY AND ALL ACTION ASSOCIATED WITH: (1) A POTENTIAL GROUND LEASE AND MASTER DEVELOPMENT AGREEMENT ("LEASE") BETWEEN THE CITY OF MIAMI ("CITY") AND MIAMI FREEDOM PARK, LLC ("MFP") FOR APPROXIMATELY SEVENTY-THREE (73) ACRES OF CITY -OWNED PROPERTY LOCATED GENERALLY AT 1400 NORTHWEST 37TH AVENUE, MIAMI, FLORIDA 33125 AND IDENTIFIED AS FOLIO NUMBERS 30-3129-000-0050, 30-3129-0000160, 01-3132-000-0080, AND 01-3132-000-0090 ("PROPERTY") WITH AN INITIAL TERM OF THIRTY-NINE (39) YEARS WITH TWO (2) THIRTY (30) YEAR OPTIONS TO RENEW FOR A TOTAL TERM OF NINETY-NINE (99) YEARS, WITH AN ANNUAL BASE RENT EQUAL TO THE GREATER OF THREE MILLION FIVE HUNDRED SEVENTY-SEVEN THOUSAND THREE HUNDRED SIXTY-FIVE DOLLARS ($3,577,365.00) OR FAIR MARKET VALUE AS DETERMINED BY TWO (2) STATE CERTIFIED APPRAISERS IN ADDITION TO ANY RENT INCREASES AND/OR ADDITIONAL RENTS NEGOTIATED BY THE PARTIES; (2) AUTHORIZING THE USE OF THE PROPERTY FOR A SOCCER STADIUM, ENTERTAINMENT CENTER INCLUDING FOOD AND BEVERAGE VENUES, OFFICES, RETAIL, HOTEL AND CONFERENCE CENTER, AND OTHER ANCILLARY COMMERCIAL DEVELOPMENT WITH A MAXIMUM HEIGHT NOT TO EXCEED FEDERAL AVIATION ADMINISTRATION AEROSPACE OBSTRUCTION STANDARDS, WITH RESTRICTIONS, REVERSIONS, AND RETENTION BY THE CITY OF ALL OTHER RIGHTS; (3) AUTHORIZING THE CREATION OF A PARK INFRASTRUCTURE FUND BY THE CITY THAT WILL RECEIVE A TWENTY MILLION DOLLAR ($20,000,000.00) CONTRIBUTION FROM MFP, PAYABLE IN EQUAL YEARLY INSTALLMENTS OF SIX HUNDRED SIXTY-SIX THOUSAND SIX HUNDRED SEVEN DOLLARS ($666,667.00) FOR A PERIOD OF THIRTY (30) YEARS TO DEFRAY THE SITE DEVELOPMENT AND RELATED COSTS FOR A PUBLIC PARK OF APPROXIMATELY FIFTY-EIGHT (58) ACRES TO BE DEVELOPED ON PROPERTY ADJACENT TO THE PROPERTY CURRENTLY USED FOR THE MELREESE COUNTRY CLUB AND OTHER INFRASTRUCTURE -RELATED COSTS; (4) CALLING FOR A SPECIAL ELECTION AND PROVIDING THAT THE PROPOSED CHARTER AMENDMENT BE SUBMITTED TO THE ELECTORATE AT THE SPECIAL ELECTION ON NOVEMBER 6, 2018; (5) DESIGNATING AND APPOINTING THE CITY CLERK ("CLERK") AS THE OFFICIAL REPRESENTATIVE OF THE CITY COMMISSION WITH RESPECT TO THE USE OF VOTER REGISTRATION BOOKS AND RECORDS; (6) FURTHER DIRECTING THE City of Miami Page 1 of 2 File ID: 4505 (Revision:) Printed On: 4/1/2025 File ID: 4505 Enactment Number: R-18-0298 CLERK TO CAUSE A CERTIFIED COPY OF THE RESULTING 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. BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. A Special City Commission Meeting is hereby scheduled for July 18, 2018 at 10:00 a.m. at Miami City Hall, 3500 Pan American Drive, Miami, Florida for the purposes of discussing and taking any and all action associated with: (1) a potential ground lease and master development agreement ("Lease") between the City of Miami ("City") and Miami Freedom Park, LLC ("MFP") for approximately seventy-three (73) acres of City -owned property located generally at 1400 Northwest 37th Avenue, Miami, Florida 33125 and identified as folio numbers 30-3129-000-0050, 30-3129-0000160, 01-3132-000-0080, and 01-3132-000-0090 ("Property") with an initial term of thirty-nine (39) years with two (2) thirty (30) year options to renew for a total term of ninety-nine (99) years with an annual base rent equal to the greater of three million five hundred seventy-seven thousand three hundred sixty-five dollars ($3,577,365.00) or fair market value as determined by two (2) state certified appraisers in addition to any rent increases and/or additional rents negotiated by the parties; (2) authorizing the use of the Property for a soccer stadium, entertainment center including food and beverage venues, offices, retail, hotel and conference center, and other ancillary commercial development with a maximum height not to exceed Federal Aviation Administration aerospace obstruction standards, with restrictions, reversions, and retention by the City of all other rights; (3) authorizing the creation of a park infrastructure fund by the City that will receive a twenty million dollar ($20,000,000.00) contribution from MFP payable in equal yearly installments of six hundred sixty-six thousand six hundred seven dollars ($666,667.00) for a period of thirty (30) years to defray the site development and related costs for a public park of approximately fifty- eight (58) acres to be developed on property adjacent to the Property currently used by the Melreese Country Club and other infrastructure -related costs; (4) calling for a special election and providing that the proposed Charter amendment be submitted to the electorate at the special election on November 6, 2018; (5) designating and appointing the City Clerk ("Clerk") as the official representative of the City Commission with respect to the use of voter registration books and records; (6) further directing the Clerk to cause a certified copy of the resulting 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. Section 2. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.' APPROVED AS TO FORM AND CORRECTNESS: nd`" z, City Httor ey 7/13/2018 1 If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective immediately upon override of the veto by the City Commission. City of Miami Page 2 of 2 File ID: 4505 (Revision:) Printed on: 4/1/2025