HomeMy WebLinkAboutNotice to the PublicCITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
TO: Todd B. Hannon
City Clerk
FROM: Andrew Frey
Director
Department of Real Estate and
Asset Management
DATE: January 15, 2025
SUBJECT: Amended CIL and Sale/Refinancing Transaction
Fee Agreement — Nexus Riverside — Lancelot/City
REFERENCES: 10 Day Notice
ENCLOSURES:
Enclosed you will find an ad for notice of a public hearing to be held by the City Commission on February 13, 2025. This
resolution is to authorize the City Manager to negotiate and execute (1) the First Amended and Restated Sale/Refinancing
Transaction Fee Agreement and (2) a Second Amended and Restated Covenant in Lieu of Unity of Title ("Second Amended
Covenant") in connection with the Nexus Riverside project at the MRC.
Please place the ad in accordance with public hearing requirements of the City Commission.
Thank you for your assistance in this matter.
Approved:
i/GG2./ 4yL N
Miriam M. Santana, Agenda Coordinator
CITY OF MIAMI, FLORIDA
NOTICE OF PUBLIC HEARING
A public hearing will be held by the City Commission of the City of Miami, Florida on
Thursday, February 13, 2025, at 9:00 A.M. at City Hall, located at 3500 Pan American
Drive, Miami, Florida, 33133 for the purpose of granting the following:
A RESOLUTION OF THE MIAMI CITY COMMISSION, AUTHORIZING THE CITY
MANAGER TO NEGOTIATE AND EXECUTE (1) THE FIRST AMENDED AND
RESTATED SALE/REFINANCING TRANSACTION FEE AGREEMENT ("AMENDED
FEE AGREEMENT") TO PROVIDE FOR PAYMENT BY LANCELOT MIAMI RIVER,
LLC, A DELAWARE LIMITED LIABILITY COMPANY ("LANCELOT"), TO THE CITY
OF AN ADDITIONAL ONE-TIME CAPITAL TRANSACTION FEE, AND (2) 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 LOCATED AT 230
SOUTHWEST 3RD STREET, MIAMI, FLORIDA 33130, IDENTIFIED AS FOLIO
NUMBER: 01-4137-038-0030, FROM CITY -OWNED PROPERTY LOCATED AT 444
SOUTHWEST 2ND AVENUE, MIAMI, FLORIDA 33130; FURTHER AUTHORIZING
THE CITY MANAGER TO EXECUTE SUCH AGREEMENTS, APPLICATIONS, AND
OTHER DOCUMENTS NECESSARY TO AUTHORIZE THE CITY, AS OWNER, TO
EFFECTUATE THE ALLOCATION OF DWELLING UNITS CONTEMPLATED IN SAID
SECOND AMENDED COVENANT AND TO PROVIDE FOR PAYMENT BY
LANCELOT TO THE CITY OF A ONE-TIME CAPITAL TRANSACTION FEE;
FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE
ALL OTHER NECESSARY DOCUMENTS, INCLUDING AMENDMENTS AND
MODIFICATIONS TO SAID AMENDED FEE AGREEMENT AND SECOND AMENDED
COVENANT, ASSIGNMENTS, AND OTHER REQUIRED DOCUMENTS TO FINALIZE
REQUIRED PERMITTING, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, AS
MAY BE NECESSARY TO COMPLETE THE AFOREMENTIONED CONVEYANCE
SUBJECT TO ALL FEDERAL, STATE, AND LOCAL LAWS THAT REGULATE SUCH
TRANSACTIONS.
All interested persons are invited to appear at the meeting and may be heard with
respect to the proposed resolution. Should any person desire to appeal any decision
of the City Commission with respect to any matter to be considered at this meeting,
that person shall ensure that a verbatim record of the proceedings is made including
all testimony and evidence upon which any appeal may be based (F.S. 286.0105).
Pursuant to Miami City Code Section 2-33(o), whenever a scheduled City Commission
meeting is cancelled or is not held due to a lack of a quorum or other emergency, a
special City Commission meeting will be automatically scheduled for the Tuesday
immediately following the cancelled meeting. In the event of one of the
aforementioned circumstances, the special meeting would be held on February 18,
2025, at 9:00 a.m. in the City Commission chambers located at Miami City Hall, 3500
Pan American Drive, Miami, Florida 33133. All of the scheduled agenda items from
that cancelled meeting shall automatically be scheduled as an agenda item at the
special City Commission meeting.
The City Clerk shall notify the public of the special meeting that is to take place by
placing a notice of the special City Commission meeting at the entrance of City Hall
and the City's main administrative building, placing a notice on the City's website, and,
if feasible, placing an ad in a newspaper of general circulation before the special
meeting on the immediately following Tuesday. There shall be no additional notice by
publication required for any such scheduled agenda item that is moved to the special
City Commission meeting.
In accordance with the Americans with Disabilities Act of 1990, persons needing
special accommodations to participate in this proceeding may contact the Office of
the City Clerk at (305) 250-5361 (Voice) no later than five (5) business days prior to
the proceeding. TTY users may call via 711 (Florida Relay Service) no later than five
(5) business days prior to the proceeding.
Todd B. Hannon
City Clerk
Ad No. 43645