HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
File ID: #5732
Date: 06/07/2019
Commission Meeting Date: 07/11 /2019
Requesting Department: Department of
Real Estate and Asset Management
Sponsored By:
District Impacted: District 2
Type: Discussion Item
Subject: Discussion - Olympia Theater and Office Building
Purpose of Item:
A Discussion Item to be heard by the Miami City Commission, with attachment(s),
reviewing the Proposer's unsolicited proposal, for a Public -Private Partnership, to
refurbish the Property; make capital improvements thereto; and, seek the Miami City
Commission's approval to issue a Request for Proposals, in accordance with Section
18-119, Code of the City of Miami.
Background of Item:
The City of Miami ("City") owns the Property, located at 174 East Flagler Street, Miami,
Florida. The Property is listed on the National Register of Historic Places; however, it
operates at a loss and is in need of substantial capital investments to repair, among
other things, the historic facade.
The Department of Real Estate and Asset Management has received an unsolicited
proposal from Proposer for the refurbishment of the Property, including the facade.
Proposer is offering to invest its funds to accomplish this work, as well as convert the
Office Building, which is being used for housing, into a hotel. All improvements to the
Property would be performed in accordance with the City of Miami Historic Preservation
Office standards and those requirements set forth by the National Register of Historic
Places.
As per section 18-119, Code of the City of Miami, the City shall first notify the
Commission of the unsolicited proposal by placement of a discussion item on the
agenda for the Commission's approval to proceed with issuance of a formal Request for
Proposals.
Budget Impact Analysis
Item is NOT Related to Revenue
Item has NO budget impact
Item is NOT funded by Bonds
Total Fiscal Impact:
N/A
Real Estate and Asset Management
Office of Management and Budget
Office of Management and Budget
City Manager's Office
Legislative Division
City Manager's Office
Office of the City Attorney
Office of the City Attorney
City Commission
City Commission
Reviewed B
Yvonne Hernandez
Pedro Lacret
Christopher M Rose
Fernando Casamayor
Carolina Aguila
Nikolas Pascual
Carolina Aguila
Carolina Aguila
Nicole Ewan
Maricarmen Lopez
Department Head Review
Budget Analyst Review
Budget Review
Assistant City Manager Review
Legislative Division Review
City Manager Review
Deputy City Attorney Review
Approved Form and Correctness
Meeting
Meeting
Completed 06/11/2019 4:02 PM
Completed 06/12/2019 11:34 AM
Completed 06/13/2019 5:55 PM
Completed 06/17/2019 11:59 AM
Skipped 06/17/2019 3:12 PM
Completed 06/18/2019 11:01 AM
Skipped 06/17/2019 3:13 PM
Skipped 06/17/2019 3:13 PM
Completed 06/27/2019 9:00 AM
Completed 07/11/2019 9:00 AM