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HomeMy WebLinkAboutR-25-0248City of Miami Resolution R-25-0248 Legislation 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. City of Miami Page 1 of 2 File ID: 17703 (Revision:) Printed On: 7/24/2025 File ID: 17703 Enactment Number: R-25-0248 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: ge Wy ng III, C y - tor -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. City of Miami Page 2 of 2 File ID: 17703 (Revision:) Printed on: 7/24/2025