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HomeMy WebLinkAboutMaster ReportCity of Miami Master Report Enactment Number: R-25-0040 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 17219 Revision: A File Type: Resolution Status: ADOPTED WITH MODIFICATION(S) Controlling Body: City Commission File Name: Establish Special Revenue Account - Park Fund for Introduced: 2/4/2025 Miami Freedom Park Requesting Dept: Commissioners and Mayor Final Action Date: 2/13/2025 Title: A RESOLUTION OF THE MIAMI CITY COMMISSION DIRECTING AND AUTHORIZING THE CITY MANAGER TO ESTABLISH A NEW SPECIAL REVENUE ACCOUNT TITLED "PARK FUND FOR MIAMI FREEDOM PARK"; APPROPRIATING AND ALLOCATING FUNDS TO BE USED EXCLUSIVELY FOR IMPROVEMENTS AND MAINTENANCE OF THE FIFTY-EIGHT (58) ACRE PUBLIC PARK TO BE DEVELOPED BY MIAMI FREEDOM PARK, LLC, A DELAWARE LIMITED LIABILITY COMPANY ("MFP") LOCATED AT APPROXIMATELY 1550 NORTHWEST 37TH AVENUE, MIAMI, FLORIDA, IN THE AMOUNT OF TWENTY MILLION AND 00/100 DOLLARS ($20,000,000.00), CONSISTING OF TWO (2) TEN MILLION AND 00/100 DOLLARS ($10,000,000.00) PAYMENTS FROM MFP, PURSUANT TO THAT CERTAIN GROUND LEASE FOR SOCCER STADIUM, THAT CERTAIN GROUND LEASE FOR MIAMI FREEDOM PARK COMMERCIAL DEVELOPMENT, AND CERTAIN RELATED EASEMENT AGREEMENTS WITH THE CITY, ALL DATED AS OF FEBRUARY 9, 2023, GOVERNING MFP'S USE OF THE LEASED PROPERTY (COLLECTIVELY, "LEASE AGREEMENT"), AND PURSUANT TO THE DEVELOPMENT AGREEMENT BETWEEN THE CITY AND MFP REGARDING APPROVAL OF THE MIAMI FREEDOM PARK SPECIAL AREA PLAN AND RELATED DEVELOPMENT; DIRECTING THE CITY MANAGER TO IDENTIFY AND ALLOCATE IN THE FISCAL YEAR 2024-2025 MIDYEAR BUDGET AMENDMENT AN ADDITIONAL TWO MILLION, FIVE HUNDRED THOUSAND AND 00/100 DOLLARS ($2,500,000.00) TO CITY COMMISSION DISTRICTS 2, 3, 4, AND 5 FOR A TOTAL AMOUNT NOT TO EXCEED TEN MILLION AND 00/100 DOLLARS ($10,000,000.00); PROVIDING FOR AN EFFECTIVE DATE. Sponsor(s): Mayor Francis X. Suarez, Commissioner Miguel Angel Gabela Notes: Links: Attachments: History of Legislative File: Revision: Acting Body: Date: Action: Result: Legislative Division 2/4/2025 Legislative Division Review Completed Xavier Alban 2/4/2025 ACA Review Completed Leon P Michel 2/4/2025 Budget Review Completed George K. Wysong III 2/4/2025 Approved Form and Completed Correctness City Commission 2/13/2025 Meeting Completed City Commission 2/13/2025 ADOPTED WITH Passed City of Miami Page 1 of 2 Printed on: 8/12/2025 City of Miami Master Report Enactment Number: R-25-0040 MODIFICATION(S) A Mayor's Office 2/21/2025 Signed by the Mayor Completed A City Clerk's Office 2/21/2025 Signed and Attested by the City Completed Clerk A Legislative Division 2/21/2025 Legislative Division Review Completed A Xavier Alban 4/22/2025 ACA Review Completed A George K. Wysong III 4/22/2025 Approved Form and Completed Correctness with Modification(s) A City Clerk's Office 4/22/2025 Rendered Completed City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com City of Miami Page 2 of 2 Printed on: 8/12/2025