HomeMy WebLinkAboutMaster ReportCity of Miami
Master Report
Enactment Number:
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 9374 File Type: Resolution
Revision:
File Name: Direct City Attorney - Charter Amendment for
Suntex Marina Investors
Status: WITHDRAWN
Controlling Body: City Commission
Introduced: 7/13/2021
Requesting Dept: Commissioners and Mayor Final Action Date: 7/22/2021
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION DIRECTING THE CITY
ATTORNEY TO PREPARE AN AMENDMENT TO THE CHARTER OF THE CITY OF
MIAMI, FLORIDA, AS AMENDED ( "CITY CHARTER" ), FOR CONSIDERATION AT A
SPECIAL ELECTION SCHEDULED FOR NOVEMBER 2, 2021 PROPOSING TO
AMEND SECTION 29-B OF THE CITY CHARTER, TITLED "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 AUTHORIZE THE CITY MANAGER TO NEGOTIATE
AND EXECUTE A GROUND LEASE AND MASTER DEVELOPMENT AGREEMENT, IN
A FORM ACCEPTABLE TO THE CITY ATTORNEY, BETWEEN THE CITY OF MIAMI
( "CITY" ) AND SUNTEX MARINA INVESTORS, LLC OR AN AFFILIATE THEREOF
( "SUNTEX" ) FOR APPROXIMATELY TWENTY SEVEN (27) ACRES OF CITY -
OWNED PROPERTY (INCLUDING UPLANDS AND SUBMERGED LANDS) IN
VIRGINIA KEY AND LOCATED AT 3301, 3307, 3605, AND 3501 RICKENBACKER
CAUSEWAY, MIAMI, FLORIDA AND IDENTIFIED AS FOLIO NOS. 01-4217-000-0020,
01-4218-000-0030, 01-4218-000-0031, 01-4218-000-0010, AND 01-4217-000-0030
(COLLECTIVELY, "PROPERTY") FOR AN INITIAL TERM OF FORTY FIVE (45) YEARS
WITH TWO (2) FIFTEEN (15) YEAR RENEWAL TERMS WITH THE CUMULATIVE
TERM, INCLUSIVE OF BOTH RENEWALS, NOT TO EXCEED SEVENTY-FIVE (75)
YEARS AND PROVIDING FOR AN ANNUAL RENT EQUAL TO THE GREATER OF
FAIR MARKET VALUE AS DETERMINED BY TWO (2) INDEPENDENT STATE
CERTIFIED APPRAISERS OR (A) TWO MILLION SEVEN HUNDRED AND FIFTY
THOUSAND DOLLARS ($2,750,000.00) PLUS (B) A PERCENTAGE RENT EQUAL TO
SEVEN PERCENT (7%) OF THE GROSS REVENUES GENERATED FROM WET SLIP
AND DRY STORAGE, SEVEN PERCENT (7%) OF GROSS REVENUES GENERATED
FROM FUEL SALES, SEVEN PERCENT (7%) OF THE GROSS REVENUES
GENERATED FROM SUBLEASE INCOME, AND FIVE PERCENT (5%) OF GROSS
REVENUES GENERATED FROM OTHER INCOME -GENERATING SOURCES
RECEIVED FROM THE PROJECT FOR THE DEVELOPMENT OF A WORLD -CLASS
MIXED -USE MARINA FACILITY WITH A MINIMUM CAPITAL COMMITMENT BY
SUNTEX OF ONE HUNDRED MILLION DOLLARS ($100,000,000.00); AUTHORIZING
THE USE OF THE PROPERTY FOR A MIXED -USE WATERFRONT FACILITY
INCLUDING, BUT NOT LIMITED TO, MARINAS, BOATYARD, DOCK MASTER' S
OFFICES, SHIP' S STORES, DRY RACK BOAT AND OTHER VESSEL STORAGE,
WET SLIP DOCKS, RESTAURANTS, RETAIL, FUEL FACILITIES, AND OTHER
RECREATIONAL AND MARINE RELATED USES, WITH RESTRICTIONS,
REVERSIONS, AND RETENTION BY THE CITY OF ALL OTHER RIGHTS.
Sponsor(s): Commissioner Alex Diaz de la Portilla
Notes:
City of Miami Page 1 of 2 Printed on: 5/29/2025
City of Miami
Master Report
Enactment Number:
Links:
Attachments: 9374 Back -Up Documents (PDF)
History of Legislative File:
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Revision: Acting Body: Date: Action: Result:
Legislative Division 7/13/2021 Legislative Division Review Completed
Jacqueline Lorenzo 7/13/2021 ACA Review Completed
Leon P Michel 7/13/2021 Budget Review Completed
Barnaby L. Min 7/13/2021 Deputy City Attorney Review Completed
Victoria Mendez 7/13/2021 Approved Form and Completed
Correctness
City Commission 7/22/2021 Meeting Completed
City Commission 7/22/2021 WITHDRAWN Passed
City of Miami Page 2 of 2 Printed on: 5/29/2025