HomeMy WebLinkAboutR-18-0524City of Miami
Resolution R-18-0524
Legislation
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 4968 Final Action Date: 11/15/2018
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
APPROVING EXECUTION OF A GRANT AGREEMENT, IN SUBSTANTIALLY
THE ATTACHED FORM, BETWEEN THE OLYMPIA CENTER, INC., A
FLORIDA NOT FOR PROFIT CORPORATION ("OLYMPIA"), AS PROPERTY
MANAGER OF THE CITY OF MIAMI ("CITY") OWNED OLYMPIA THEATER
AND OFFICE BUILDING LOCATED AT 174 FLAGLER STREET, MIAMI,
FLORIDA 33131 ("PROPERTY"), WITH THE STATE OF FLORIDA
DEPARTMENT OF STATE DIVISION OF HISTORICAL RESOURCES
("STATE") FOR THE AWARD OF STATE HISTORIC GRANT ASSISTANCE
FUNDS ("GRANT FUNDS") IN THE AMOUNT OF FIVE HUNDRED THOUSAND
DOLLARS ($500,000.00) TO BE USED EXCLUSIVELY FOR THE "OLYMPIA
THEATER FAQADE RESTORATION, PHASE I," FOR THE DEVELOPMENT OF
CONSTRUCTION DOCUMENTS SUITABLE FOR BID AND PERMITTING
PURPOSES FOR THE RESTORATION OF THE PROPERTY; AUTHORIZING
CITY MATCHING FUNDS PREVIOUSLY ALLOCATED FOR THIS PURPOSE
VIA THE CITY'S OFFICE OF CAPITAL IMPROVEMENTS ("OCI") PROJECT
NO. 40-B70100; AUTHORIZING THE CITY MANAGER TO EXECUTE THE
RESTRICTIVE COVENANTS REQUIRED BY THE GRANT AGREEMENT WITH
THE OLYMPIA AND THE STATE, IN SUBSTANTIALLY THE ATTACHED
FORM, FOR A PERIOD OF TEN (10) YEARS FROM DATE OF RECORDATION
FOR PRESERVATION OF THE HISTORIC QUALITIES OF THE PROPERTY;
AND FURTHER AUTHORIZING THE CITY MANAGER TO EXECUTE AN
ASSIGNMENT AGREEMENT, IN A FORM ACCEPTABLE TO THE CITY
ATTORNEY, REQUIRING THE OLYMPIA'S ASSIGNMENT OF SAID GRANT
AGREEMENT TO THE CITY, SUBJECT TO STATE APPROVAL OF THE
SAME, SHOULD THE CITY TERMINATE OR CANCEL THE CITY'S
MANAGEMENT AGREEMENT WITH THE OLYMPIA FOR MANAGEMENT OF
THE PROPERTY; FURTHER DETAILING THE REQUIREMENTS FOR THE
GRANT FUNDS, WITH TERMS AND CONDITIONS AS MORE PARTICULARLY
SET FORTH IN THE GRANT AGREEMENT.
WHEREAS, the City of Miami ("City") is the fee simple titleholder of the Olympia Theater
and Office Building located at 174 Flagler Street, Miami, Florida ("Property"); and
WHEREAS, the Property is currently being managed by the Olympia Center, Inc., a
Florida not for profit corporation ("Olympia"); and
WHEREAS, in 2016, Olympia applied for State Historic Grant Assistance Funds ("Grant
Funds") from the State of Florida Department of State Division of Historical Resources ("State")
to be used exclusively for the "Olympia Theater Facade Restoration, Phase I" for the
City of Miami Page 1 of 3 File ID: 4968 (Revision: A) Printed On: 4/7/2025
File ID: 4968 Enactment Number: R-18-0524
development of construction documents suitable for bid and permitting purposes for the
restoration of the Property; and
WHEREAS, the Grant Funds application was ranked in the top ten (10) of such
applications received by the State and was awarded Five Hundred Thousand Dollars
($500,000.00) for Fiscal Year 2018-2019 for said restoration of the Property requiring the City's
approval of Olympia's execution of a Grant Agreement with the State and the provision of
matching funds previously allocated for the Property's restoration via the City's Office of Capital
Improvements ("OCI") Project No. 40-B70100; and
WHEREAS, the Grant Agreement requires the execution of Restrictive Covenants
between the City, Olympia, and the State, in substantially the attached form, for a period of ten
(10) years from the date of recordation for preservation of the historic qualities of the Property;
and
WHEREAS, the City will execute an Assignment Agreement with Olympia, in a form
acceptable to the City Attorney, requiring Olympia's assignment of the Grant Agreement to the
City, subject to State approval of the same, should the City terminate or cancel the City's
Management Agreement with Olympia for management of the Property;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF
MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are
adopted by reference and incorporated as if fully set forth in this Section.
Section 2. The City approves the execution of a Grant Agreement, in substantially the
attached form, between Olympia, as manager of the Property, and the State for award of Grant
Funds in the amount of Five Hundred Thousand Dollars ($500,000.00) to be used exclusively
for the "Olympia Theater Facade Restoration, Phase I" for the development of construction
documents suitable for bid and permitting purposes for the restoration of the Property.
Section 3. The City authorizes the provision of City matching funds previously allocated
for the restoration of the Property via City OCI Project No. 40-B70100.
Section 4. The City Manager is authorized' to execute the Restrictive Covenants
required by the Grant Agreement with the Olympia and the State, in substantially the attached
form, for a period of ten (10) years from the date of recordation for preservation of the historic
qualities of the Property.
Section 5. The City Manager is further authorized' to execute an Assignment
Agreement, in a form acceptable to the City Attorney, requiring Olympia's assignment of the
Grant Agreement to the City, subject to State approval of the same, should the City terminate or
cancel the City's Management Agreement with Olympia for management of the Property.
Section 6. This Resolution shall become effective immediately upon its adoption and
1 The herein authorization is further subject to compliance with all requirements that may be imposed by
the City Attorney, including but not limited to, those prescribed by applicable City Charter and City Code
provisions.
City of Miami Page 2 of 3 File ID: 4968 (Revision: A) Printed on: 4/7/2025
File ID: 4968
signature of the Mayor.2
APPROVED AS TO FORM AND CORRECTNESS:
ndez, City Attor
Enactment Number: R-18-0524
2 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 3 of 3 File ID: 4968 (Revision: A) Printed on: 4/7/2025