HomeMy WebLinkAboutMaster ReportCity of Miami
Master Report
Enactment Number: R-21-0321
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 9351
Revision: A
File Name: Marina Charter Amendment
Requesting Dept: Commissioners and Mayor
File Type: Resolution Status: ADOPTED WITH
MODIFICATION(S)
Controlling Body: City Commission
Introduced: 7/8/2021
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 AMENDMENT TO 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 BISCAYNE MARINE
PARTNERS, LLC ("MARINA PARC") FOR APPROXIMATELY TWENTY-SEVEN (27)
ACRES OF CITY -OWNED PROPERTY (INCLUDING UPLANDS AND SUBMERGED
LANDS) IN VIRGINIA KEY AND GENERALLY 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,
FOR A CUMULATIVE TERM INCLUSIVE OF BOTH RENEWALS NOT TO EXCEED
SEVENTY-FIVE (75) YEARS, AND PROVIDING FOR A PRIVATELY FUNDED
MINIMUM CAPITAL INVESTMENT BY MARINA PARC OF ONE HUNDRED FIFTEEN
MILLION DOLLARS ($115,000,000.00) WITH THE FOLLOWING MINIMUM ANNUAL
RENT STRUCTURE: (A) BASE RENT EQUAL TO THE GREATER OF FAIR MARKET
VALUE AS DETERMINED BY TWO (2) INDEPENDENT STATE -CERTIFIED
APPRAISERS OR TWO MILLION SEVEN HUNDRED FIFTY THOUSAND DOLLARS
($2,750,000.00) ("BASE RENT") WITH TEN PERCENT (10%) OF THE BASE RENT TO
BE ALLOCATED TO THE VIRGINIA KEY BEACH PARK TRUST PLUS (B)
PERCENTAGE RENT EQUAL TO SIX PERCENT (6%) OF THE GROSS REVENUES
GENERATED FROM WET SLIPS, DRY STORAGE, AND FUEL SALES, AND FOUR
PERCENT (4%) OF GROSS REVENUES GENERATED FROM SUBLEASE INCOME
AND OTHER INCOME -GENERATING SOURCES RECEIVED ("PERCENTAGE RENT")
AND (C) ANY RENT INCREASES AND/OR ADDITIONAL RENTS NEGOTIATED BY
THE PARTIES; 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, MARINE -RELATED
RETAIL, FUEL FACILITIES, AND OTHER RECREATIONAL AND MARINE RELATED
USES, AND SUCH LEASE 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
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: R-21-0321
VOTER REGISTRATION BOOKS AND RECORDS; FURTHER DIRECTING THE CITY
CLERK TO CAUSE A CERTIFIED COPY OF THE HEREIN RESOLUTION TO BE
DELIVERED 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): City Commission
Notes:
Links:
Attachments: 9351 Exhibit 1 (PDF)
History of Legislative File:
Revision: Acting Body: Date: Action: Result:
Legislative Division 7/12/2021 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
Jacqueline Lorenzo 7/13/2021 ACA Review Completed
City Commission 7/22/2021 Meeting Completed
City Commission 7/22/2021 ADOPTED WITH Passed
MODIFICATION(S)
A Legislative Division 7/22/2021 Legislative Division Review Completed
A Mayor's Office 8/2/2021 Unsigned by the Mayor Completed
A City Clerk's Office 8/2/2021 Signed and Attested by the City Completed
Clerk
A Jacqueline Lorenzo 8/3/2021 ACA Review Completed
A Barnaby L. Min 8/4/2021 Deputy Attorney Review Completed
A Victoria Mendez 8/6/2021 Approved Form and Completed
Correctness with Modification(s)
A City Clerk's Office 8/6/2021 Rendered Completed
City of Miami Page 2 of 2 Printed on: 5/29/2025