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Home My WebLink AboutMaster ReportCity of Miami Master Report Enactment Number: R-22-0156 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 11637 Revision: B File Type: Resolution Status: ADOPTED WITH MODIFICATION(S) Controlling Body: City Commission File Name: Execute Ground Lease Agreement - Miami Freedom Introduced: 3/9/2022 Park Requesting Dept: Commissioners and Mayor Final Action Date: 4/28/2022 Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), BY A FOUR -FIFTHS (4/5THs) AFFIRMATIVE VOTE PURSUANT TO SECTION 29-B(F) OF THE CHARTER OF THE CITY OF MIAMI, FLORIDA, AS AMENDED, AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE A GROUND LEASE FOR THE MIAMI FREEDOM PARK SOCCER STADIUM IN A FORM ACCEPTABLE TO THE CITY ATTORNEY ("STADIUM LEASE") BETWEEN THE CITY OF MIAMI ("CITY") AND MIAMI FREEDOM PARK, LLC ("MFP") WHEREBY THE CITY SHALL LEASE APPROXIMATELY TWELVE (12) ACRES OF CITY -OWNED PROPERTY IDENTIFIED AS PARCEL 1 IN THE SURVEY ATTACHED AND INCORPORATED AS EXHIBIT A ("STADIUM PROPERTY") WITHIN THE CITY -OWNED PROPERTY LOCATED GENERALLY AT 1400 NW 37 AVE, MIAMI, FLORIDA 33125 ("PARENT TRACT") TO MFP FOR, UNLESS SOONER TERMINATED, AN INITIAL TERM OF THIRTY (30) YEARS WITH TWO (2) OPTIONS TO RENEW FOR A TOTAL POSSIBLE MAXIMUM TERM OF NINETY-NINE (99) YEARS, WITH AN ANNUAL RENT SCHEDULE OF NINETY-SEVEN THOUSAND FIVE HUNDRED DOLLARS ($97,500) FOR THE 1ST YEAR, ONE HUNDRED -TWELVE THOUSAND FIVE HUNDRED DOLLARS ($112,500) FOR THE 2ND YEAR, ONE HUNDRED TWENTY-SEVEN THOUSAND FIVE HUNDRED DOLLARS ($127,500) FOR THE 3RD YEAR, AND ONE HUNDRED FORTY-TWO THOUSAND FIVE HUNDRED DOLLARS ($142,500) FOR THE 4TH YEAR FOR THE PERIOD COMMENCING ON THE CONSTRUCTION RENT DATE AND ENDING ON THE LEASE RENT COMMENCEMENT DATE (AS EACH TERM IS DEFINED IN THE STADIUM LEASE), AND INCREASING TO SIX HUNDRED FORTY-FIVE THOUSAND DOLLARS ($645,000) AS OF THE LEASE RENT COMMENCEMENT DATE AND SUBJECT TO ANNUAL INCREASES THEREAFTER, PROVIDING FOR THE DEVELOPMENT AND LEASE OF AN APPROXIMATELY TWENTY-FIVE THOUSAND (25,000) SEAT STATE-OF-THE-ART PROFESSIONAL SOCCER STADIUM AND RELATED FACILITIES FOR USE BY INTER MIAMI CF, LLC ("TEAM"), IN ACCORDANCE WITH SUCH TERMS AND CONDITIONS AS MORE PARTICULARLY DESCRIBED IN THE STADIUM LEASE; FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE A GROUND LEASE FOR THE MIAMI FREEDOM PARK COMMERCIAL DEVELOPMENT IN A FORM ACCEPTABLE TO THE CITY ATTORNEY ("COMMERCIAL LEASE") BETWEEN THE CITY AND MFP WHEREBY THE CITY SHALL LEASE APPROXIMATELY SIXTY-ONE (61) ACRES OF CITY -OWNED PROPERTY IDENTIFIED AS PARCEL 1 AND PARCEL 2 IN THE SURVEY ATTACHED AND INCORPORATED AS EXHIBIT B ("COMMERCIAL PROPERTY") WITHIN THE PARENT TRACT TO MFP FOR, UNLESS SOONER TERMINATED, AN INITIAL TERM OF THIRTY-NINE (39) YEARS WITH TWO (2) OPTIONS TO RENEW OF THIRTY (30) YEARS EACH, FOR A TOTAL POSSIBLE MAXIMUM TERM OF NINETY-NINE (99) YEARS, WITH AN ANNUAL RENT SCHEDULE OF FIVE HUNDRED FIFTY-TWO THOUSAND FIVE HUNDRED DOLLARS ($552,500) FOR THE 1ST YEAR, SIX HUNDRED THIRTY-SEVEN THOUSAND FIVE HUNDRED DOLLARS ($637,500) FOR THE 2ND YEAR, SEVEN HUNDRED TWENTY - City of Miami Page 1 of 3 Printed on: 6/12/2025 City of Miami Master Report City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Enactment Number: R-22-0156 TWO THOUSAND FIVE HUNDRED DOLLARS ($722,500) FOR THE 3RD YEAR, AND EIGHT HUNDRED SEVEN THOUSAND FIVE HUNDRED DOLLARS ($807,500) FOR THE 4TH YEAR FOR THE PERIOD COMMENCING ON THE CONSTRUCTION RENT DATE AND ENDING ON THE LEASE RENT COMMENCEMENT DATE (AS EACH TERM IS DEFINED IN THE COMMERCIAL LEASE) AND INCREASING TO THE GREATER OF THREE MILLION SIX HUNDRED FIFTY-FIVE THOUSAND DOLLARS ($3,655,000) OR SIX PERCENT (6%) OF GROSS REVENUES (AS DEFINED IN THE COMMERCIAL LEASE) AS OF THE LEASE RENT COMMENCEMENT DATE AND SUBJECT TO ANNUAL INCREASES THEREAFTER, PROVIDING FOR THE DEVELOPMENT OF A MINIMUM OF ONE MILLION (1,000,000) SQUARE FEET OF OFFICE, RETAIL AND ENTERTAINMENT USES AND SEVEN HUNDRED FIFTY (750) HOTEL ROOMS AND CONFERENCE SPACE, WITH TERMS AND CONDITIONS AS MORE PARTICULARLY DESCRIBED IN THE COMMERCIAL LEASE; AFTER THE CONSTRUCTION PERIOD, THE COMBINED ANNUAL RENT OF THE STADIUM LEASE AND THE COMMERCIAL LEASE SHALL NOT BE LESS THAN THREE MILLION FIVE HUNDRED SEVENTY-SEVEN THOUSAND THREE HUNDRED SIXTY- FIVE DOLLARS ($3,577,365); FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE A CONSTRUCTION ADMINISTRATION AGREEMENT ("CAA"), IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, BETWEEN THE CITY, MFP, AND INTER MIAMI STADIUM, LLC, WHICH SHALL GOVERN THE CONSTRUCTION AND DEVELOPMENT OF THE STADIUM PROPERTY, COMMERCIAL PROPERTY, AND PUBLIC BENEFITS UPON AND AROUND THE PARENT TRACT AND WHICH SHALL PROVIDE FOR MFP TO DEVELOP A FIFTY- EIGHT (58) ACRE PUBLIC PARK, PROVIDING FOR MFP TO CONTRIBUTE TWENTY MILLION DOLLARS ($20,000,000) TO BE UTILIZED BY THE CITY FOR THE ADJACENT PUBLIC PARK AND FIVE MILLION DOLLARS ($5,000,000) TO BE UTILIZED BY THE CITY FOR THE BENEFIT OF THE BAYWALK AND RIVERWALK, FURTHER PROVIDING FOR MFP TO ENVIRONMENTALLY REMEDIATE THE ENTIRE PARENT TRACT IN ORDER TO RECEIVE A NO FURTHER ACTION DETERMINATION FROM ALL APPLICABLE AUTHORITIES, WITH TERMS AND CONDITIONS AS MORE PARTICULARLY DESCRIBED IN THE CAA; FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE A NON -RELOCATION AGREEMENT ("NON -RELOCATION AGREEMENT"), IN A FORM ACCEPTABLE TO THE CITY ATTORNEY BETWEEN THE CITY, MFP, AND TEAM, WHEREBY THE TEAM SHALL PLAY AT THE NEWLY CONSTRUCTED SOCCER STADIUM FOR A MINIMUM OF THIRTY (30) YEARS, WITH TERMS AND CONDITIONS AS MORE PARTICULARLY DESCRIBED IN THE NON -RELOCATION AGREEMENT; FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL NECESSARY DOCUMENTS, ALL IN FORMS ACCEPTABLE TO THE CITY ATTORNEY, TO EFFECTUATE THE AGREEMENTS STATED HEREIN. Sponsor(s): Mayor Francis X. Suarez Notes: Links: Attachments: 11637 Exhibit A (PDF) 11637 Exhibit B (PDF) 11637 Back -Up Documents - MFP Appraisals Combined (PDF) 11637 Back -Up Documents - Stadium Lease 4.27.22 (PDF) 11637 Back -Up Documents - MFP CAA (PDF) 11637 Back -Up Documents - Non Relocation Agreement (PDF) 11637 Back -Up Documents - Commercial Lease 4.27.22 (PDF) 11637 Submittal - Jorge Mas - 2021 Florida Statutes Chapter 255 (PDF) 11637 Submittal - Richard Perez - Term Sheet (PDF) City of Miami Page 2 of 3 Printed on: 6/12/2025 City of Miami Master Report Enactment Number: R-22-0156 History of Legislative File: City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Revision: Acting Body: Date: Action: Result: Legislative Division 3/9/2022 Legislative Division Review Completed Jacqueline Lorenzo 3/9/2022 ACA Review Completed Marie Gouin 3/9/2022 Budget Review Completed City Commission 3/10/2022 Meeting Completed City Commission 3/10/2022 MEETING CANCELLED Passed A Legislative Division 3/23/2022 Legislative Division Review Completed A lsiaa Jones 4/27/2022 ACA Review Completed A City Commission 4/28/2022 Meeting Completed A City Commission 4/28/2022 ADOPTED WITH Passed MODIFICATION(S) B Mayor's Office 5/6/2022 Signed by the Mayor Completed B City Clerk's Office 5/6/2022 Signed and Attested by the City Completed Clerk B Legislative Division 2/15/2023 Legislative Division Review Completed B lsiaa Jones 3/7/2023 ACA Review Completed B Victoria Mendez 5/4/2023 Approved Form and Completed Correctness B Victoria Mendez 5/4/2023 City Attorney Review Completed B Outside Counsel 5/4/2023 Outside Counsel Completed B City Clerk's Office 5/5/2023 Rendered Completed City of Miami Page 3 of 3 Printed on: 6/12/2025