HomeMy WebLinkAboutMaster ReportCity of Miami
Master Report
Enactment Number: R-25-0029
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 17142
Revision:
File Type: Resolution
File Name: Execute -1st Amended Fee Agrmt & 2nd Amended
Covenant - Lancelot Miami River
Status: ADOPTED
Controlling Body: City Commission
Introduced: 1/15/2025
Requesting Dept: Department of Real Estate and Asset Final Action Date: 2/13/2025
Management
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE A SECOND
AMENDED AND RESTATED COVENANT IN LIEU OF UNITY OF TITLE ("SECOND
AMENDED COVENANT") TO ALLOCATE AND TRANSFER NO MORE THAN TEN (10)
RESIDENTIAL DWELLING UNITS TO THE PROPERTY OWNED BY LANCELOT MIAMI
RIVER, LLC, A DELAWARE LIMITED LIABILITY COMPANY ("LANCELOT"), LOCATED
AT 230 SOUTHWEST 3RD STREET, MIAMI, FLORIDA 33130, AND IDENTIFIED AS
FOLIO NUMBER: 01-4137-038-0030, AS MORE PARTICULARLY DESCRIBED IN THE
ATTACHED AND INCORPORATED EXHIBIT "A,", FROM THE CITY OF MIAMI ("CITY")
OWNED PROPERTY, LOCATED AT 444 SOUTHWEST 2ND AVENUE, MIAMI,
FLORIDA 33130, AND IDENTIFIED AS FOLIO NUMBER: 01-4137-038-0020 AS MORE
PARTICULARLY DESCRIBED IN THE ATTACHED AND INCORPORATED EXHIBIT
"B"; FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE
A FIRST AMENDED AND RESTATED SALE/REFINANCING TRANSACTION FEE
AGREEMENT ("AMENDED FEE AGREEMENT") TO PROVIDE FOR THE PAYMENT
BY LANCELOT TO THE CITY OF AN ADDITIONAL ONE-TIME CAPITAL
TRANSACTION FEE TO CAPTURE THE TRANSFER OF UP TO TEN (10)
RESIDENTIAL DWELLING UNITS; FURTHER AUTHORIZING THE CITY MANAGER
TO NEGOTIATE AND EXECUTE SUCH AGREEMENTS, APPLICATIONS,
ASSIGNMENTS, AND OTHER DOCUMENTS, INCLUDING AMENDMENTS AND
MODIFICATIONS TO SAID AMENDED FEE AGREEMENT AND SECOND AMENDED
COVENANT, ALL IN FORMS ACCEPTABLE TO THE CITY ATTORNEY, AS MAY BE
NECESSARY TO AUTHORIZE THE CITY, AS OWNER, TO EFFECTUATE THE
PURPOSES SET FORTH HEREIN, SUBJECT TO ALL FEDERAL, STATE, AND LOCAL
LAWS THAT REGULATE SUCH TRANSACTIONS.
Notes: Pursuant to the resolution, this item became effective immediately upon adoption by the
Commission.
Links:
Attachments: 17142 Exhibit A (PDF)
17142 Exhibit B (PDF)
17142 Back -Up Documents (PDF)
17142 Notice to the Public (PDF)
History of Legislative File:
Revision: Acting Body:
Date:
Action: Result:
Andrew Frey
1/15/2025
Department Head Review Completed
City of Miami Page 1 of 2 Printed on: 8/12/2025
City of Miami
Master Report
Enactment Number:
Pedro Lacret
Marie Gouin
Larry M. Spring
Natasha Colebrook -Williams
Legislative Division
Jacqueline Lorenzo
George K. Wysong III
City Commission
City Commission
City Clerk's Office
1/17/2025
1/28/2025
2/4/2025
2/4/2025
2/4/2025
2/4/2025
2/4/2025
2/13/2025
2/13/2025
2/19/2025
R-25-0029
Budget Analyst Review
Budget Review
Assistant City Manager
Deputy City Manager Review
Legislative Division Review
ACA Review
Approved Form and
Correctness
Meeting
ADOPTED
Rendered
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Passed
Completed
City of Miami Page 2 of 2 Printed on: 8/12/2025