HomeMy WebLinkAboutMaster ReportCity of Miami
Master Report
Enactment Number: R-19-0254
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 5974
Revision: A
File Name: Lease Agreement - MRC
File Type: Resolution
Requesting Dept: Department of Real Estate and Asset
Management
Status: ADOPTED
Controlling Body: City Commission
Introduced: 5/24/2019
Final Action Date: 6/27/2019
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
AUTHORIZING THE CITY MANAGER TO EXECUTE AN AGREEMENT AND LEASE
("MRC LEASE"), IN SUBSTANTIALLY THE ATTACHED FORM, AS NEGOTIATED
PURSUANT TO RESOLUTION NO. 17-0266 BY WEISS SEROTA HELFMAN COLE &
BIERMAN AS SPECIAL REAL ESTATE COUNSEL, BETWEEN THE CITY OF MIAMI
("CITY") AND LANCELOT MIAMI RIVER, LLC ("LANCELOT"), WHEREBY THE CITY
LEASES APPROXIMATELY 3.15 ACRES OF CITY -OWNED PROPERTY LOCATED AT
444 AND 460 SOUTHWEST 2ND AVE, MIAMI, FLORIDA (COLLECTIVELY, THE
"PROPERTY"), TO LANCELOT FOR A NINETY-NINE (99) YEAR TERM WITH AN
OPTION TO PURCHASE, FOR AN ANNUAL RENT EQUAL TO $3,620,000.00, WITH
OTHER TERMS AND CONDITIONS MORE PARTICULARLY DESCRIBED IN THE MRC
LEASE; FURTHER AUTHORIZING THE CITY MANAGER TO MAKE NON -
SUBSTANTIVE AMENDMENTS TO SUCH MRC LEASE AS NEEDED, SUBJECT TO
THE CITY ATTORNEY'S REVIEW AND APPROVAL.
Notes:
Links:
Attachments: 5974 Exhibit CC MTG 6-13-19 (PDF)
5974 Exhibit (PDF)
5974 Back -Up Documents (PDF)
History of Legislative File:
Revision: Acting Body:
Date:
Action:
Result:
A
A
A
A
A
A
A
Yvonne Hernandez
Ann -Marie Sharpe
Pedro Lacret
Christopher M Rose
Fernando Casamayor
Nikolas Pascual
City Commission
City Commission
City Commission
City Commission
Mayor's Office
City Clerk's Office
Legislative Division
Outside Counsel
City Clerk's Office
5/31/2019
5/31/2019
6/3/2019
6/4/2019
6/4/2019
6/4/2019
6/13/2019
6/13/2019
6/27/2019
6/27/2019
7/8/2019
7/8/2019
7/25/2019
1/15/2020
1/22/2020
Department Head Review
Department Head Review
Budget Analyst Review
Budget Review
Assistant City Manager Review
City Manager Review
Meeting
DEFERRED
Meeting
ADOPTED
Signed by the Mayor
Signed and Attested by the City
Clerk
Legislative Division Review
Approved Form and
Correctness
Rendered
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Passed
Completed
Passed
Completed
Completed
Completed
Completed
Completed
City of Miami Page 1 of 2
Printed on: 4/18/2025
City of Miami
Master Report
Enactment Number: R-19-0254
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
City of Miami Page 2 of 2 Printed on: 4/18/2025