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Master Report
Enactment Number:
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 9375
Revision:
File Type: Resolution
File Name: Approve Charter Amendment - 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Status: WITHDRAWN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, WITH ATTACHMENT(S),
APPROVING, SETTING FORTH, AND SUBMITTING TO THE ELECTORATE A
PROPOSED CHARTER AMENDMENT AMENDING SECTION 29-B OF THE CHARTER
OF THE CITY OF MIAMI, FLORIDA, AS AMENDED ("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 TO NEGOTIATE AND EXECUTE A GROUND LEASE
AND MASTER DEVELOPMENT AGREEMENT ("LEASE"), IN A FORM ACCEPTABLE
TO THE CITY ATTORNEY, BETWEEN THE CITY OF MIAMI ("CITY") AND SUNTEX
MARINA INVESTORS, LLC OR AN ACCEPTABLE AFFILIATE THEREOF ("SUNTEX")
FOR APPROXIMATELY TWENTY-SEVEN (27) ACRES OF CITY -OWNED PROPERTY
(INCLUDING UPLANDS AND SUBMERGED LANDS) IN VIRGINIA KEY AND LOCATED
GENERALLY 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 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 MIXED -USE WATERFRONT FACILITIES INCLUDING, BUT NOT
LIMITED TO, MARINAS, BOATYARDS, 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, SUBJECT TO COMPLIANCE WITH ALL APPLICABLE
LAWS, RULES, REGULATIONS, AND RESTRICTIONS IMPOSED UPON THE
PROPERTY BY LAW OR BY CONTRACT, WITH RESTRICTIONS, REVERSIONS, AND
RETENTION BY THE CITY OF ALL OTHER RIGHTS; CALLING FOR A SPECIAL
ELECTION AND PROVIDING THAT THE CHARTER AMENDMENT BE SUBMITTED
TO THE ELECTORATE AT THE SPECIAL ELECTION TO BE HELD ON NOVEMBER 2,
2021; DESIGNATING AND APPOINTING THE CITY CLERK AS THE OFFICIAL
REPRESENTATIVE OF THE CITY COMMISSION WITH RESPECT TO THE USE OF
VOTER REGISTRATION BOOKS AND RECORDS; FURTHER DIRECTING THE CITY
City of Miami Page 1 of 2 Printed on: 5/29/2025
City of Miami
Master Report
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Enactment Number:
CLERK TO CAUSE A CERTIFIED COPY OF THE HEREIN RESOLUTION TO THE
SUPERVISOR OF ELECTIONS OF MIAMI-DADE COUNTY NOT LESS THAN FORTY-
FIVE (45) DAYS PRIOR TO THE DATE OF SUCH SPECIAL ELECTION; PROVIDING
AN IMMEDIATE EFFECTIVE DATE.
Sponsor(s): Commissioner Alex Diaz de la Portilla
Notes:
Links:
Attachments: 9375 Exhibit 1 (PDF)
9375 Back -Up Documents (PDF)
History of Legislative File:
Revision: Acting Body: Date: Action: Result:
Victoria Mendez Approved Form and Pending
Correctness
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
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