HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
File ID: #17703
Date: 05/30/2025
Commission Meeting Date: 07/10/2025
Requesting Department: Department of Real
Estate and Asset Management
Sponsored By:
District Impacted: District 5
Type: Resolution
Subject: Authorize - Lease Termination - Rivercow LLC
Purpose of Item:
A RESOLUTION OF THE MIAMI CITY COMMISSION, AUTHORIZING THE CITY
MANAGER TO NEGOTIATE AND EXECUTE AN AGREEMENT, IN A FORM
ACCEPTABLE TO THE CITY ATTORNEY, BETWEEN THE CITY OF MIAMI ("CITY")
AND RIVERCOW, LLC ("LESSEE") FOR MUTUAL TERMINATION OF THE LEASE
AGREEMENT FOR THE CITY -OWNED PROPERTY LOCATED AT 8034
NORTHEAST 2 AVENUE, MIAMI, FLORIDA; FURTHER AUTHORIZING THE CITY
MANAGER TO NEGOTIATE AND EXECUTE ALL NECESSARY DOCUMENTS,
INCLUDING AMENDMENTS AND MODIFICATIONS TO SAID AGREEMENT, IN A
FORM ACCEPTABLE TO THE CITY ATTORNEY, AS MAY BE NECESSARY FOR
SAID PURPOSE.
Background of Item:
The City of Miami ("City") owns the property located at 8034 Northeast 2 Avenue,
Miami, Florida ("Property"). Rivercow, LLC, a Florida limited liability company
("Lessee"), expressed interest to use and occupy a portion of the Property as a public
park, as well as for the enjoyment of the general public and the tenants, employees, and
invitees of the Lessee . Pursuant to City Commission Resolution No. 20-0144, passed
and adopted on May 14, 2020, the City and Lessee entered into a Lease Agreement
dated August 18, 2020. Lessee has not yet constructed the Leasehold Improvements,
as defined in the Lease, and has determined that such renovations no longer are
financially feasible, and Lessee wishes to terminate the Lease. The City and Lessee
have mutually agreed to enter into a surrender and mutual termination agreement to
terminate the lease ("Agreement"), subject to terms and conditions to be negotiated
between the City Manager and Lessee, and incorporated into the Agreement.
Budget Impact Analysis
Item is Related to Revenue
Item is NOT funded by Bonds
Total Fiscal Impact:
Total Fiscal Impact: $ 5,402.44
General Account No: 04002.221100.448000.0000.00000
Department of Real Estate
Review Completed
Office of Management and
Office of Management and
City Manager's Office
City Manager's Office
City Manager's Office
Legislative Division
Office of the City Attorney
Office of the City Attorney
City Commission
Office of the City Clerk
Reviewed B
and Asset Management
05/30/2025 9:38 AM
Budget Pedro Lacret
Budget Marie Gouin
Larry M. Spring
Natasha Colebrook -Williams
Arthur Noriega V
Valentin J Alvarez
Jacqueline Lorenzo
George K. Wysong III
Maricarmen Lopez
City Clerk's Office
Andrew Frey Department Head
Budget Analyst Review
Budget Review
Assistant City Manager
Deputy City Manager Review
City Manager Review
Legislative Division Review
ACA Review
Approved Form and Correctness
Meeting
Rendered
Completed 05/30/2025 12:07 PM
Completed 05/30/2025 1:27 PM
Completed 06/02/2025 2:14 PM
Completed 06/02/2025 2:33 PM
Completed 06/02/2025 7:35 PM
Completed 06/23/2025 1:58 PM
Completed 06/25/2025 3:03 PM
Completed 06/30/2025 3:26 PM
Completed 07/10/2025 9:00 AM
Completed 07/17/2025 3:40 PM
City of Miami
Legislation
Resolution
Enactment Number: R-25-0248
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 17703 Final Action Date:7/10/2025
A RESOLUTION OF THE MIAMI CITY COMMISSION, AUTHORIZING THE CITY
MANAGER TO NEGOTIATE AND EXECUTE AN AGREEMENT, IN A FORM
ACCEPTABLE TO THE CITY ATTORNEY, BETWEEN THE CITY OF MIAMI ("CITY")
AND RIVERCOW, LLC ("LESSEE") FOR MUTUAL TERMINATION OF THE LEASE
AGREEMENT FOR THE CITY -OWNED PROPERTY LOCATED AT 8034
NORTHEAST 2 AVENUE, MIAMI, FLORIDA; FURTHER AUTHORIZING THE CITY
MANAGER TO NEGOTIATE AND EXECUTE ALL NECESSARY DOCUMENTS,
INCLUDING AMENDMENTS AND MODIFICATIONS TO SAID AGREEMENT, IN A
FORM ACCEPTABLE TO THE CITY ATTORNEY, AS MAY BE NECESSARY FOR
SAID PURPOSE.
WHEREAS, the City of Miami ("City") owns the property located at 8034 Northeast 2
Avenue, Miami, Florida ("Property"); and
WHEREAS, Rivercow, LLC, a Florida limited liability company ("Lessee"), expressed
interest to use and occupy a portion of the Property as a public park, as well as for the
enjoyment of the general public and the tenants, employees, and invitees of the Lessee; and
WHEREAS, pursuant to City Commission Resolution No. R-20-0144, passed and
adopted on May 14, 2020, the City and Lessee entered into a Lease Agreement dated August
18, 2020; and
WHEREAS, Lessee has not yet constructed the Leasehold Improvements, as defined in
the Lease, and has determined that such renovations no longer are financially feasible; and
WHEREAS, Lessee wishes to terminate the Lease; and
WHEREAS, the City and Lessee have mutually agreed to enter into a surrender and
mutual termination agreement to terminate the lease ("Agreement"), subject to terms and
conditions to be negotiated between the City Manager and Lessee, and incorporated into the
Agreement; and
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF
MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are
hereby adopted by reference thereto and incorporated herein as if fully set forth in this Section.
Section 2. The City Manager is authorized to negotiate and execute the Agreement, in
a form acceptable to the City Attorney, between the City and Lessee for mutual termination of
the Lease.
Section 3. The City Manager is further authorized to negotiate and execute all
necessary documents, including amendments and modifications to said Agreement, in a form
acceptable to the City Attorney, as may be necessary.
Section 4. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND CORRECTNESS:
g Wy ng III, C y ttor y 6/30/2025
1 The herein authorization is further subject to compliance with all legal requirements that may be
imposed, including but not limited to those prescribed by applicable City Charter and City Code
provisions.