HomeMy WebLinkAboutSubmittal-Commissioner Rosado-DDA Resolution No. 54-20251
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Submitted into the pubiic
record for itt;; (s) i- . 3
on ci + 2.S 12 S . City Clerk
RESOLUTION NO. 54/2025
A RESOLUTION OF THE DOWNTOWN DEVELOPMENT AUTHORITY
OF THE CITY OF MIAMI, FLORIDA ("MIAMI DDA"), SUPPORTING
THE PROPOSED TRANSFER OF THE OLYMPIA THEATER TO
SPORTS LEADERSHIP AND MANAGEMENT, INC., (SLAM
ACADEMY) A FLORIDA NOT -FOR -PROFIT CORPORATION, WITH
THE CONDITION THAT CERTAIN PUBLIC BENEFITS ARE
PROVIDED TO THE COMMUNITY; DIRECTING THE
CEO/EXECUTIVE DIRECTOR OF THE MIAMI DDA TO TRANSMIT
THIS RESOLUTION TO CITY OF MIAMI ("CITY") OFFICIALS.
WHEREAS, on July 24, 1975, the Maurice Gusman Cultural Center for the Performing Arts, Inc.,
a Florida not -for -profit corporation, conveyed, via Special Warranty Deed, to the City of Miami ("City")
the property known as the Olympia Theater, located at 174 East Flagler Street, Miami, Florida, and more
particularly described in Exhibit "A," attached and incorporated, consisting of the theater and a contiguous
ten -story building (the "Olympia Theater" or "Property"); and
WHEREAS, the Olympia Theater is a unique landmark building that opened in 1926 as a silent
movie palace, later serving as a theater hosting many significant acts in Miami's history, and in 1984 was
added to the National Register of Historic Places; and
WHEREAS, over the decades, the Olympia Theater has been an important part of the City's history
and one worth preserving, restoring, and returning to its original glory, but has fallen into disrepair, and
WHEREAS, the City proposes entering into a Purchase and Sale Agreement ("Agreement") and
transfer the Property by way of a Quitclaim Deed ("Deed") to Sports Leadership and Management, Inc., a
Florida Not -For -Profit Corporation ("SLAM Academy"); and
WHEREAS, SLAM Academy is authorized pursuant to Section 1002.33, Florida Statutes to
operate the charter school known as "Sports Leadership Arts Management Charter High School;" and
WHEREAS, the Downtown Development Authority of' the City of Miami, Florida's ("Miami
DDA") mission statement is "to grow, strengthen & promote the economic health and vitality of Downtown
Miami"; and
WHEREAS, the Miami DDA supports the conveyance to SLAM Academy, provided that the
following are required from SLAM Academy: (i) a minimum of seats for the charter school will be reserved
for urban -core families/students, (ii) Olympia Theater will remain historic and have programming available
to the public; (iii) the charter school will create a partnership or shared opportunities with the Miami DDA's
Arts Cultural and Entertainment Committee (ACE); (iv) the property reverts back to the City control if
SLAM Academy does not maintain the Property or uses the Property for anything other than a public school
and cultural events available to the public; (v) the current Miami DDA procured security cameras remain
fully operational during construction and after completion of construction; (vi) the Miami DDA's current
Permit Clinic operating out of Olympia Theater building ground floor remain there or is relocated in a
comparable space, square footage (same or bigger), location, accommodations, and price assisted by SLAM
Academy; and (vii) the school creates and implements a quality of life operation plan to address traffic
operations impact; (viii) ) a minimum of seats or discounts for event held at the Olympia Theater, and
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Subiiiitted into the public
record tor ►o l(s) p
on 01,75123, _ . City Clerk
WHEREAS, the Miami DDA finds it in the best interest of the Miami DDA to support the proposed
conveyance of the Olympia Theater to SLAM Academy and propose that the City Commission require
certain public benefits to the community;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE
DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI, FLORIDA:
Section l: The recitals and findings contained in the Preamble to this Resolution are adopted by
reference and incorporated as if fully set forth in this Section.
Section 2. The CEO/Executive Director is hereby directed to transmit this Resolution to all City
Commissioners, the City Clerk, and the City Manager to express the Miami DDA's requirements for
support of the Olympia Theater conveyance to SLAM Academy.
Section 3. This Resolution shall become effective immediately upon its adoption.
PASSED AND ADOPT ehi 25th day of July 2025.
Commissioner Ralph "Rafael" Rosado, Chairman
rristina Crespi, CEO/Executive
ATTEST:
02ee
Elvira Manon
Executive Secretary to the Board of Directors
rector
IIMIAMIDDA
DOWNTOWN DEVELOPMENT AUTHORITY
Oubmitted into the public
record for iz.:as) p
on 2 \ . City Clerk
Miami Downtown Development A,r ty
201 S. Biscayne Boulevard • suite 2600
Miami, Florida 88181
INTER -OFFICE MEMORANDUM
To: Board of Directors
DDA Staff
From: Christina Crespi, CEO/Executive Director
Date: May 15, 2025
Re: Delegation of Authority
As of May 15, 2025,1 am delegating Ivonne Berrios-Colona, COO/CFO, with the authority
to sign all necessary DDA documents on my behalf for official DDA operations and
services until my return.
Christina Crespi, Miami DDA
CEO/Executive Director