HomeMy WebLinkAboutItem #03 - Discussion ItemCITY OF MIAMI, FLORIDA
I LIT il.o r ICE MtzMOF?AMi7uM
Richard l,. FosMoen
Assistant City Manager
2I /
lark Merrill
Assistant to the City Manager
GATE: June 7 # 1978
FILE:
Dinner key Overview Sutnhary
;:E'FEftt' 4CE3;
r:ticLc=utlt S.
The attached is an overview summary of the Dinner Key
Marina proposals describing the marine impact, land site
impact and financial impact of each of the six -proposals.
These will be discussed on Tuesday, June 13, 1978, along
with a preliminary report from the City Manager's Marina
Review Committee.
Vi7A/E 21 ' 23a
1 P •
nO
•
cOmmANCIATE 43,0111101F otRmtm mkr !MIURA imm r 4
aa k a ,,_
_,,,__.
Wilt 10Att
PHU
PIER 1 to OW* taunt,
WI OTIS PERMITS TO
DEVELOP ISLAAC. PIER 1
TO it Argun,. Put
EXTENSIVE 11/COLSTAUC-
TUN. ALL PIERS TO StREPLACE
PEPAIRED AS RECUSANT.
SEA WU REPAIN MO
SEPLACEMENE OF ROST
PILINGS.
•
WINE tole
TWA, tonaioeier
totstittt CAOSEmAt
TO MDLI 3 POLMIDE
/MINS, 1100 SLIPS
ANDAPosSikt
NESTAGNAKT
WM We
• LINA flit
tfoli, AbOtb WWI
t TEAMS.
1$,ttO, AttiE0 IMOD'
6 TEARS.
tOtAL PEET ROOD •
40.4E0
PAISEAft 6 USTS .
EI
GLAND TOTAL-$6.1166;
WANE IMPACT
WM
CREATE ADVISORY IOW
PuSEISo Iraornt, IN.
FORMATION NAIETIN.
ENTIRE EMT-
IN ELECTRICAL SYSIOT
KAM I Ilf MOT ION
ANC CRAAT IMP AI
DLO:MASTERS.
411
ittscw.mt RECREATION
DEVELMIENT COWAN
lIZATED 111 SONOMA
PRA MAL EEO -WS !COX
JAILS SPIAGAL -Ala f.
RAMIE IMPACT
SLIPS
. I SO Mea
WITHIN 2 IRS.
600 ADDED
WITHIN 6 . IRS
117T.ItlE SLIPS:
93D
PRESENT TOTAL
371
GRAND TOTAL MO
' RAFIRE tROAC/
MOORINGS
STINT MIS
FCA
FIFTURE
mom
Sit
DIMMER KIT CaRACOATICS
tocAranktml.R.A.
sx!4-41-1. wIsEN.Cme.
LISTEI aw6o4.-PRE3.
Ai !I:xi:0 LAKILEA-SLG.
tOPALD LEFICA
TOTAL TO SE 113T
LEsS TRAM 600
ADO 303
MATING
103LI
NO SPECIFICS
MVO°
.
No SPECIFICS
PROVIDED
. NO SPECIFICS
NOTICED
MX
.
3
Wm, REY MOIRA
RARNINKT, INC.
MATED IN NLAMI,FLA.
J. P. SLOW -PREMIX
STANLEY PAU-SECRET/AT
-....-
164 ADDED TO T1E
PRESEAT WAND
TOTAL - 135
.
376
PATIN
MOORS
•
COMPLETE NEN:NATION
Cm ALL EvISTING PIEA
FACILITIES TO LIKE
NEw. LATERAL EITEL-
SION OF PIERS I, 3,
6 TO PKWIDE 46 MORE
SLIPS COMET' RE-
PLACENEKT OF PIER 1.
A mrw PIE) FC4 116
MATS MIN OF
Pill E.
PCDESTAIAN NINE
now KENNEDY JIMA
'ID NORTNEINCEST
ISLAND, tut 6.
OTHER ISAIAS TO
SE DEVELOPED AS
RECRIATIOm AKEAS.
POLL DOCKS TO
bE PROVIDED.
IF THE ECCKS WILT ON
OF TW! SAM AVERAGE
SIZE IS ME EXISTING
ONES, THEN 6,60 Kw
Linn nrt or mom
WILL SE PROVIDED APt
PILESEXT FEET - 16,666'
GRAM TOTAL-21.126'
REN)vATE MEAS. ETC
ON GROuND FLOM OF
CITT NALL.
Emma, DOCONSTERS
OFFICE TO NUE TO IND
ANL 313 molts Cf
;ITT NALL,
•
-.
MIKE IMPACT
SLIPS
114 1011 SLIPS
MAR PALSIXTU
lOTAL - U7
(NJ. NI SLIPS)
...
MARINE IMPACT
MCOAINGs
4 MOORING
AREAS
316
PAYING
ODORS
a
WINE IMPACT
PIERS
7 NEW PIERS TO SE
MILT LITWIN 3 !LS
MARINE INPUT
ISLAND DEVELOPREKT
ECKE 5-PEDESTRIAN NIKE
Foot awl), PARK 'ATEA.
DING THAT PAU CONCEPT
ONTO ISLAM) FISKING PIER
MOLES 2.3.4-WILDAIFt
ArFUGE A uNDERLATER IASI
to OUTSIDEJAST OF EWA-
NEL KEY (MOLE 2). A
HABITAT SRLAKAATER TO
It BUILT FROM PILING RI-
MAINS Of OLD PIENS.
OCLE 1 Errtwslow oF PEA
COCt PAU UMW A
CAI -BRIDGE To PLUM
SWIMMING.PIERIC.EIt.
TO HCUSI CIXDSIJT WYE
IMO IMPACT
AMUR FEET
Z2.070. ALL MEW
IDEAL.
7.505. NNE DMA
POLVJET TOTAL
PAIN INPUT
OTHER
GROVE KEY • ticALASE
ORE STORAGE TO 242.
VERRILL STriENS-SuiLD
DOCKS Fol 31 NDOE
MOATS IF MIA Last
IS MINED 30 FEARS.
COAsT MAN IMPROVE.
PECS TIED to
MEMULL•STEVENS IN.
PTIOVEINEXTS.COPKICIAL
SEMIS . SIGHTSEEING
1 PuTlit To AN Flo'
NORA. PRESENT SITE OF
COCOHJT 00%1 SAILING
CLUB TO IL OCCUPIED
SY LATH: RESTAMMKT,
4
DINNER CET NAAINA.INE.
LOCATED IN NIAPO.FLA.
SPENCER S.NERCOITN-Pl.
J.RICJOXI SELL-SLC.
OINICTORS i OFFICERS
4.11oim10 ALLA
JNONERT CARTER
MIMEO L. NOLEN
SPENCER S. MEDIU
OPERATED IT CACAO
VASCO.
15
ECCLESTONE OCT. CO.
dO4 FLA.REALTv SLOG.00
E. L. FttlISTEM
PousIDENT A SOLE MICR
UCATED IN m.pALL.FAA
BOO PORE SUPS
TAAL PIESIATLY
MEAL - 120
(ou NEW sLtPS)
TOO
PAYING
SUSS
7 11:11 PIERS TO SE
WILT VITALI $ Tits
SAILING CLUE.
•
ME PPOPOSED PATHWAY
ststv4 TO SE E2111-
CCD TO ORE OF TOIL
OFF-SODRE tams.
NIKE MIDGE, PAIN.
NAYS I PICNIC ARIAS
INTL! ISLAM Rs
NECESSARY. THIS
Dern:guar Col ocal
6. CITY ID CAA.
TINA W111 CP ALI
Is.
14.103'ALL Ari. TOTAL
10.131' MORE TWAX
MOT TOTAL
EAKDSCAPED YUMA,
Alt PAU AIMS
NORELINE. PRIM
ComMICIErisTIELIIII
PATIO FOX PAX TD
PAPA.
8
RIM MAIM MGY.CORP.
' Om *IWO TADIT YDS.
AXED 6Ext0I-4125.
MDT sERASTEIN-I.P.
MATED IN KA MAX
.
.
301 mEw SLIPS
SPA() TOTAL
CI SLIPS
(101 ssTtPs vas
St FLOATING PIES
70A1 LILL SERVE
SCATS tS, AND
NM/
_..+
.
MOWING AREA
moRTw AND
6011110F
113Lf 3
tEN)vATING PIERS 112
INCLUDING Niy suppoR.
tin TIMOIPS.DECKIN.
PILING AM FINGER
tom. Pius 3,4,6
AEPAALENENT OF DECK.
ING P.0 ROTTEN
PILO( AS RECUIRLD.
EKTUO PIER 1 ONTO
SOLI 3. ONE FIELD
Pill Emu oF PIER 1
FLOATING PIER ii.
TNEEN PUN ASS.
RAU FIBS OR
ICU 3.
MOLE 3 TO IN GONmECTED
TO MAINLAND 11410.401
FIER I.
4 FULD PIERS FOR lit
MA's KIRIN 6 SCUM
OF MOLE 3.
Ftswtis 41/31 LE Of
MOLE 3.
mcAt 3 TO INcLADE PIC-
AIC SAR-44-04.
TUMMY Fla Miami)
MAE MAY l(Pm(
OESTIONS)
AMOUT 10.660' MEW
SUVA FELT
MAL; 31.106,
imAARIcs . DEPARTICRI
AEC SECOND STCOv TO
MAIM orrict TO PRO-
VIDE WAILS $ *Est
ilms, En.
COOKM REWIRING OF
Titt MARINA ELIcTitc
SERVICE.
IO PUBLIC VMS - MAI ISM
MEM
me-
se.iarroft eit�vttv Or bIst�t Ait A A 0
1
i
1
i
•
di
ats-MTFE mEcTEATiali
iNtcomat Cann
LOCATED lo IUMU.Fli
flux wALKER-PtIESIOCIT
AWES srmAma-TIcE P.
.
LAkbsibt IMPACT
SWAM
t STOAT AMMO;
1.011E1 FLOOR To
RE BAIT 6 TAME
SHOP. DID Foot
TO BE FINE
OESTAuRANT. ALL
DOCkS to At
OWTED AND
REPLACED SY Hy
PIERS.
tlADSIbt !NWT
FAALIk6MiAttlt
PAAKING TO bt
PROMO 15 ADLE
$ FOR NAAINt Ot-
VELINMEKT.
TRAtrIC, GIVEN
MAXINE MIAS'S
SINULD NOT U OF
MAT IMPACT.
LANDIlbt IMPACT
NETTAukANT
A7 StkikOlt.
0114E3 coNTEN.
PLATO AT
MOLE 3.
. ,..,
lANDSIbt WM
Mitt
kbkt F50ilbit6
Ok MOTIONED.
. .. ........._
LAkDittit Mut
°TRU
OHIO ADJACENT
76 Fttk s. Doct.
MASTER *mom°
AND EIOANDED rok
POWER FACILITIES.
551. 6 4
]
1
i
.
R
LIANCI [Et CORPORATION
Locen EX MlAmI.FLA.
sHriarxD wEtscI430".
LUTE; JOHNSON-PRES.
Al Exik*Es LANion.sic,
MAU LIITII
.
NODtAkITATIoN bt
LAUNCH RAMp.
NOT ENOUGH
INFoRNATION
PROMO. SUS
sussTANTIAL
PARkING CAN et
ASSUMED IS
NEEDED FOR
FLOATING HOTEL
DEVELOPMENT.
in FAIN. FLOATING
AISTAURANT,
DUALITY StkvICt.
FOoD AND MOM.
166 boittS Or
OATING LuBURT FL
HOTEL AccoNko.
CATIONS,
... ,
Nokt
3
DITHER KEY MARINA
NANAGEmUn. INC.
Loam) ix MANIAC
J. F. summ.mcsicort
STAALETPACE-SECELEVUIT
NO SPECIFICS
PROVIDED.
MO SPECIFICS
PRoVIDED NOY.
EVER ND GREAT
IMPACT CAN SE
WEANED FROM
Outtmak7
PROPOSALS.
MOSE MENTIONED
NONE Dicikostb
OR MENTIONED.
BONE
I
41
VImmit CT MARINCIAC.
LOCATED IN MIAMI,ILA.
sPENCEF K.NEREDITN-PR.
J.FICAUD 011L-SLC.
DIRECTORS A OFFICERS
J. AMAMI) NEIL
J. mem CARTER
KKR L. IWILOIsi
SPUICEA S. MEREDITH
LANDSIDE impACt
SENINOLE
MOTE ElISTING
SITE. REPLACE
wiTN Bo StAY
SEAFOOD RESTAU.
RANT RIP RAP TO
SE BuILT.
LANDSIDE IMPACT
PARAING/TRAFFIC
1,116 TOTAL PAID
pARkING SPOTS
INcLuDING 2 UPPER
LEM. PARKING
RAMPS.UPPER LEVEL
TO HOLD 42$ SPOTS.
LANDSIDE INPACT
RESTAURANT
4 RESTAURANTS
(1) LATIN AT
'MEAT LOCATION
OF COCONUT GROVE
SAILING CLUB
(MC) I21 FLOAT..
INS ORIENTAL I3I
BO SEAT FISHFOOD
Al STALIAANTSEMINOLE. (4)
REAT
PROPOSED HOTEL.
LANDSIDE ImPACT
mOTEL
II) NOTIt toy
RISE STRUCTURE
SPACIOuS ROOKS.
TENNIS COuRTS.
SAUNAS. ETC... •
• — "
LANDSIDE IMPACT
OTHER
SHOPPING TILLAGE
35,000 SOuARE
FEET ABOuT 40
TENANTS 203
SPECIAL?, pops,
20% GIFT ANO
CLOTHING. SOS
Ain i CRAFTS.
IS
ECCIISTONE NCI, ca.
mu FLA.REALVT &MC*
E. L. ECCUSTOW
PIKSIDEMT 6 SOLI OMR
Lir-AM IN CPA:USA
PRESENT FACILITIES
UPGRADED AND A
SNAck welt TO SE
BUILT.
.
MT TO pkOVIDE
160 (=AM
PARKING SPOTS
AND T ill LESSEE
WILL NAVE 250
STALLS FON
ENTITLES OR
SWATS.
A RESTAuRANT is
CONTEMPLATED lk
SNACK
SNACK AT
SEMINOLE.
AESTAURANT AT
CITT NALL
14USEUM.
A MOTEL NITS
ASSOLIATED
SOATEL IS
CONTimpLATED.
BOATEL TO SE
IN AR OFF.SMORE
ULAN°.
CIE, NALL TO
SUOMI AVIATI01
NuSEux TENNIS
COURTS NHERE
tire SuILDINGS
NOV STAND. A
,MoNTERET PIER,
WIEN ANIS I
CLUES OVER.
MATER. A
06HIARINDELLI
MARE* rot
NATERFRONT PLAZA.
es
MANI MAIM AGT.COUP,
dm COCAS matt VOL
sumo SLITON-MUS.
k*LJI BOualEIS-V.P.
MATED IA NEM TWAY
10 INCLUDE IAIT
1 TACKLE, SMACK
SNOP ARO SAS
SALES.
•
MO SPECIFICS
PAOVIDED NOWEVER
ND GREAT !APACE
CAN SE INIERREO
FRom DEVELOPMENT
PROPOSAL.
SNACK BAR AT
SEMINOLE.
IONE PROPOSED
ok owtoktD.
4,
BONE,
GOAPhICS • REPARTMAT 01 Mktg mom . mA!tv
CDocrARATirl 6t9Rrt19 OF D)NR1R,IET_NAR1N.
_ ----_„..._.
_
41
ttsCJI,T[ RECNE/- YEA
tEvELCrNCRT CCiMPAAY
1.00A7ED II 14I11111.6LA
PALL NALIE1.PRESEnEM7
JWCS SPRAWL-1= P.
,rr0POSnL5
- 11.0 GUAR TEDA92
NIRIALUIN GUARANTEE AND
1•140 SCHEDULE
1ST f GEMS NINt1UN
GWPANTEE . 150.000.
YEARS 2.6 MINIMRA'
GUARANTEE • 175,000.
AFTER 6 YEARS OR CON-
PLET10N Of ALL Et1A1SI1A
HININ1h GRIAAANTEE -
400,000 MTA 1S: OF CROSS
RECEIPTS.
FINANCIAL iEV. ASSOCERDJECiEEO
PROJECTED REM. SIIC
1 p/IATE1.26!
TEAR
0.2 6R05S REY. 714.000
(ITT SNARE 150.000
2 610S5 REV. 1.022,000
OtTI SHARE 175,000
3 CROSS REV. 1,076,000
CITT SNARL 175,000
6 CROSS REV. 3.284.000
CITT SHARE 492,000
12 CROSS REV. 4,411,030
C11T SHARE 665,000
27 CROSS REV. 9,524,000
CITY SNARE 1.42B470
AL PET.. ASSUME E.ENiAIN
8.18 L/F 1 i.16i
CROIRN RATE
TEAR
0-9 CROSS REV. 116,000
CiTT SHARE 150.000
1 CROSS REV. 1,378,000
CiTT SNARL 206,000
S CROSS REY. 1,450.000
CITT SHARE 217,000
6 CROSS REV. 4,501,000
CITT SHARE 675,000
If 6R055 REV, 6,076,000
CiTY SHARE 911,000
11 CROSS REV.13.053,000
CiTT SNARE 1,958.000
ICALIIPt kCT
INv[SfMtMrt
1 MILLION FOR
REDEVELOPMENT 1
EXPANSION OF DOCKS
899919 1ST 1 TEARS
1 M1LLI0N FOP
EIPAMSION INTO
MOLE 3
TOTAL 87.503.000
IR PRESENT DOLLARS.
IANOSIDFLCANPITAL
IINESIM[RT
4S60,606 Poi
RESTAURANT
WIt9IR 1 TEARS.
LEASEr ANY AND
DITIONS 1F FMy.
46 PIRA TEASE
•
Q
DINER REY CORPORATION
LO ATED IR NLAM1.FlA.
SN[F6000 YtISFR-cm.
LESTER JOHNSCA.PRES.GROSS
ALEWOEP LANRLEA•SEC,
OONALD L[fTON
200,033 NINIM6M
0R
17.5t ROA1 St0RA0C
4.01 FROM SLEEPING ROOMG
FIRST 500,000 OF
WOSS OF RESTAU•
GROSS
RANI
2.01 0f 2ND 500,030 OF
GROSS OF RESTUW
2.51 1.0S5 000REc6t5
REs1W�T FOR
10.01 GR055 NiRCNANOISE
AT SENIMOLE
24 GALIOM OF FUEL
NOT ENOUGH
SPECIFICS
N01 ENOUGH
SPECIFICS
8so0,Ooo PRIOR To
DEC. 31, 1980 FOR
REDEVELOPMENT CIF
[MSEE* FAC9IITT.
81,300,000 ADDITION-
ALLI EXPANSION OF
MARINA 6E1961
DEC. 31, 1961.
TOTAL 11,600,000
NO SPECIFICS
PRDYIOED
40 TEAR LEASE
.
3
DINNER IV MARINA
NAN►G1MENT, INC.
IN NIAN1.flA.
J. P. SLOANE•/RESIDENT
SiAILET MCL.SECRFTART
MINIMA GUARANTEE:
815.0N>0
OR
13S
Of CROSS REU9P15
CUPTENTATIVE
4 6405S REV. 1,21],000
111T SNARE 165,000
6 CROSS REV. 1.408,000
(ITT SHARE 187,OOC
12 CROSS REV. 2.010,000
[IT! SNARE 261,000
27 WO55 REV. 4,317,000
CITT SNARE $61.000
BASED UPON NTPOTHETICAL
YEAR TENTATIVE
4 GROSS REV. 1,658,000
CITT SHARE 215,000
6 GROSS REV. 1,814,000
(ITT SNARE 238,000
12 CROSS REV. 2,617,000
ItTY SNARE 340,000
27 GROSS REV. 6,621,000
CITT SNARE 730.000
13t 6 184 LF/DAT RENT
81,500,000 FOR
RFDEVCLOPNENT,
9111101 30 NON1H5
DF SIGNING LEASE.
81,500,000 FOR
EXPANSION WITHIN
Y MONTHS.
TOTAL 43,000,000
NO SPECIFICS
PROVIDED
1S TEAR TEASE PLUS
2.15 IDA OPTIONS
CONDITION: 'IKE
PROPOSERS SHALL
NAVE RiGNT TO WALE
FEES AS THfIF
BUSINESS OPINION
DICTATES.'
FIINNCIAL 1NPACT
LANDSID( CAPITAL
110E571400
HOTEL 1,100.000
SNDAPiNG
VILLAGE 1.850,000
CURTIN•
GIJCIES 3.695,000
LEAS[ IF AN, ANC
CONDITIONS IF ANT.
30 TEAR
MANAGEMENT
CONTRACT
4
DINNER RE1 NMINA,IIC.
LOCATED II NIAHI,FIA.
SPENCER B.MFREDITN-PR.
J. R1C1MARD EEL -SEC.
DIRECTORS 6 OFFICERS
J. RICNARO IEII
J. ERL. CARTER
/1R)M[R 1. 14ARLQ.
SPENCER 1. NCREDITN
FINANCIAL IMPACT Nth.
NARAMTEt 6 S•AGE
SCHEDULE
AFTER COMPLETION CID
GREATEST OF FOLLOW
PIG 3
1) MIN • $160,003 •
M AIMS AC MIN
$162,000-LA OSiDt
OF OR 251 IKAME
AVAILABLE FOR DNS-
TRIBUTIOM WICN 15
GROSS REV. PISS
(1) NON1HLt T1iAM5FEP
10 60MD ACC•T.
(2) INSURANCE. AD
VALOREM TAXES OR
3) 60s Of NET PRIIAI
FIT PRODEFINED AS
FINANCIAL INPACi HAI.
PROJECTED REV. ASS;RCE
S.13 L/F & $.261
GROwTH
TEAR
3 •REVERIE 1.133,000
CITY SHARE 614.000
000
6 RtY[N1E CITT SHARE 1,317199,,000
12 IEYENUE 1,862.000
COT SHARE 801,000
27 REYENIE 4,0E2,000
CiTT SNARE 1,744,006
CNMATE D AT 251 OF
INMATE AVAILABLE 0951R1-
• NOTE GROSS REVERIE
140T(
may REFLECTS MARINE
REVENUE
FINANCIAL IMPACT MAX.
PROJECTED REV. ASSUME
$.18 L/F A 6.261
i'ANDI RATE
TEAR
] knout 1,649.000
CET? SNARE 463.000
i REVENUE 1.970.000
CiTT SHARE 714.000
12 IEYENU[ 1,779,000
CITY SNARE 1,029.000
27 Mimi 6,883,000
CITT MARE 2,20/,000
FINANCIAL IMPACT
MARINE CAPITAL
I6YE51MEla
ALL IMPROVEMENTS TO BE
CCIMPLETED WITHIN 3
NEARS OF SIGIMG
DOCKS 3,915,1100 A
MOORINGS 696,000 A
6ROY[ KEY 940,000 A
MERRILI'S 600.000 C
YIRRICX 25.000 C
lSWOS 6
BRFJ.gATEA 631,0001
NOL[ 1 1.210.000 1
SEM1N0tE 331,000 C
CCw.1CMTS 1,000 A
MSC 664.085 C
4
THE-ADDY( DALE
F16UlES ARE
MUTATE CAPITAL
TOTAL UM -
SIDE 17.645,000
IOC TOTAL 6,481.000
GRAM TOTAL 23.821,003
30 TEAR LEASE WITH
1.10 TEAR OPTIONS
CONDITIONS:
CT PROVIDES
(1)ITI►MA)N6 STALLS.
(2) COAT SRN
601.1 10 60
RIGHSLIPS
(3 CITY AGREES TO
)
ILMDYATI S1ONi1RS
(4) CITT6AINTAiN
AFTER
IMPROVEMENTS IT
PROPOSER
•
ECNIESTOIE MGT. CO.
IBA M.RFJIO/Y 6LDG•C0
E. L. ECCLE'STOME
PRESIDER R SOLE OWNER
LOCATED 1N W.P.ICN.FI.A
INCOME AVAILABLE
FOR DISTRIBUTION
LESS ALL OPERATING
EXPENSES OF FARINA.
TEAR
3 IEYENII 1,195,000
CiS/ SNARE 326.000
6 R0YENI1 1,990.000
CiTT SNARE 431,000
12 IEVENJE 2.981,000
CITY SAIARI 734,000
RI
27 REVENUE 6,403,000
CITT SHARE 1.711,000
TOTAL MARINE 6,640,06s
*-
SOURCE
A - Rf7EMUE BOND
1 -STATE/110.CRANT
C - PIRATE CAPITAL
60.000 NININN
AND 20S ON CROSS
RENTAL TRUD E BETNEEN
ALSO 30S OF MT CROSS
Maw DYER 1800.000. .
TEAR
3 R[Y[NJ[ 1,362,000
CUT SNARE 248.000
REVENUE 1,5115.000
CPT/ SNARE 315,000
12 REYENU[ 2,262.000
CITT SNARE 616,000
27 REVENUE 4,659,000
CITY SHARE 1.297.000
2,000.000 WITHIN
2 TEARS
1.000,000 WITHIN
3 TEARS
6RA10 TOTAL
3.033,000
SPECIFIC;
$
PROVIDED
13
MIAM1 MARINA NGT.CORP.
49. NIC1Na S TACHT YDS.
6ERALL RERTON.PRES•
AMC ILFI6TEIM T,►,
MATED ill 9EH TIRL.W1
•
I 660,000 MINIMUM cS
OR 33.31 OF CROSS
RECEIPTS
• In MERCAA0ISE SOLD
• 61 GAS SALES
♦ 31 MEN MOAT SAILS
CO BROAERAGI
711 OF IlD SA,ALl At
APPLIED AS A RENT
CREDIT 7.3) 33.31 • 26•D1
- 76(33.3)
TOTAL SNARE W
CITY CURIAL
CONSTRUCTION 6.31
POST -
CONSTRUCTION
SSNAREGOSS7f
0f
'
PLAN
3 REVERIE 014,000
CITT SHARE 76,000
6 RIVEN!! 1.414,000
CITY swat 237.000
12 ur[Nut 2,161,000
Mt SHARE 339,000
V REVENUE 4,643,000
ME 6NMARF 709.000
SASED 1►0i MT►OTAETICAL
TEAR
3 REVERIE 1.211.000
CITY SAME 100.000
6 'MAW 1,014,000
C1TT SHARE 319.000
i1 ktvEMUC 1,90.1.000
CITY SNARE 456,000
17 RE7EMUE 6.I35,OW
CITT WAg1.00D
13A 6 1It 1F/OAT I1N1
$1,141,267 WITHIN
1 TEARS
51.761.000 WiTHIN
1 TEARS OF CONTRACT.
MD 1PECER:ES
P�VIDED
e_..w...t _ fifILITItal
30 TEAR LEASE
K malt Wan - NUT 1916
MMF
der, OP MIAMI. PLORIDA
INtER.OPTICE MEMORANbUM
-
t 0
Jo8eph R. GrasSie
City Manager
FROM Richard L. Posmoen
Assistant City Marge
bAtt
JUN 11 178
Dinner Xey and Miamaritia
Proposals
rEPENCES
E C. LOSUP tS
ts.
Your Citizens Committee consisting of:
• E. P. Iaconis - Member of the Dinner Key Tenants
Association, and local businessman.
• Richard Cummings - Outgoing President of Marine Council
and Publisher of Go Boating Magazine.
• William (Pete) G. Sawyer - Vice President of Marine
Council, and local businessman in marine supplies.
The Committee completed their review of the proposals for redevelop-
ment of Dinner Key and management •of Miamarina last evening, Monday,
June 12, 1978. The Committee invited each of the proposers -in for
interviews, reviewed each written document provided by each of the
proposers, and has come to the following conclusions:
• Three proposals for the management of Miamarina should
be heard and reviewed by the City Commission. These -three
proposals are in alphabetical order _
- Biscayne Recreation E,'DeVelopment Company
• _
Paul Walker, Principal
James Sprague, Principal
- -Ecclestone Management Company
E. L. Ecclestone, Principal
---New World Marinas, Incorporated
Tom Post, Principal
Dorothy Dubbin, Principal
• •
Gladys Dubbin, principal
•
' . • . • • • "
, . . ..... .. -
. . .
. ' .
. .
. . . ..
—mg
art
mak
Joseph R. Gtassie
City Managet
Concerning Dinner Key, the Committee Was not Unanifllou5 in its
redo lttlendations. The Committee did all agree that tWo proposals
should be heard by the City Commission. They are:
Biscayne Recreation & Development Company
Ecclestone Management Company
TWo of the members of the Committee felt that the marine side
portion of Dinner Key Marina, Incorporated, Spencer B. Meredith,
Principal, warranted review by the City Commission. These two
members indicated that they did not feel qualified to judge the
land side portion of the Dinner Key Marina, Incorporated proposal.
The third member of the Committee indicated that Dinner Key Marina
should be treated as a special case, principally because the
proposal is for a management contract as opposed to a development
lease contract, and the proposal incorporated landside development
not called for in the lease proposal specifications in addition to
marine development and improvement.
The Committee felt that the Dinner Key award should be made first and
that Miamarina should not be leased to the same company that is
awarded the Dinner Key contract.
The Committee is desirous of presenting to the Commission an in-depth
analysis of the proposals after the Commission has heard presentations
from each of the proposers.
Staff was in attendance during the entire review process and
concurs generally with the recommendations of the Committee. It
should be noted that while a specific area was defined for lease
in request for proposals, that it was; also.. indicated that proposers
should exercise creative imagination in the public recreation
water oriented activities. The request for proposals also provides
the opportunity for the City Commission to accept or reject any or
all bids or combinations thereof.
It is our recommendation that the City Commission set aside adequate
time to hear the proposals recommended by the Commttee'-for
Miamarina and Dinner Key.
5
MIAEII WATERFRONT COMMITTEE
At: Schedule of presentation for the creation of the
"Miami Waterfront Trust"
From: Thomas J, Dixon
This to advise you that the City of Miami has changed the
date of the presentation of the leasing proposals on
Dinner Key and Miamarina from the 31st of May•to
June 13th, 1978.
The Miami Waterfront Committee will be on the agenda for
the 13th of June and will present to the commission a
proposal for the creation of a "MIA,MI WATERFRONT TRUST".
This trust will be similar to the Public health Trust and
will be responsible for the development and management
of all of the property on the waterfront owned by the
City of Miami.
The goals of this Trust would be the expansion of the
marine activities on the waterfront to make Miami the
boating capital of the United States.
For additional information contact:
Thomas J. Dixon
2424 South Dixie Highway
Miami, Fla
854-3445
THOMAS JAMBS DIXON, ,S.P,1 ...
e e ,
MEAL ESTATE APPRAISER AND CONSULTANT
2424 Soum 4 Di, iE HIG 4$,, Y NAY
1�1�AMi, FLORfDA 33133
(305) 854.3445
May 191 1978
Mr, Richard Fosmoen
Assistant City Manager
City of Mi.ami
Dinner Key
Miami, Fla
33133
Dear Fosmoen
23 Ni 2:57
Pursuant to our meeting on tveunestiay oiay 1 i th T have
requested that the "Miami Waterfront Committee" be
placed on the agenda for the same time period as the
leasing of the marinas.
As you can see from the enclosed proposal we have modified
this plan to create a Trust which would be modeled after
the Public Health Trust.
Naturally, I have contacted the media relative to this
meeting so that the public can become aware of this
alternative to leasing of these properties.
Thank you for meeting with us and I look forward to your
report to the commission on the 31st of May and the
opportunity of presenting our proposal.
Sincerely,
Thomas .I, Dixon
PROPOSAL FOR THE CREATIoU OF A
AMt,,wATERPRQNt. TRU8t,_...:_:3:.,
WHEREAS, the Miami waterfront, With its miles of riverfront and bayfront
areas, offers residents and tourists alike the opportunity for unlimited
recreational activity;
WHEREAS, that waterfront remains the single most underdeveloped area
within the limits of the City of Miami;
WHEREAS, the City of Miami does not have a comprehensive overall plan
for the development and maintenance of Miami's most Valuable resource;
WHEREAS, the City of Miami is currently lacking sufficient boat space
both wet and dry - for a community in this location which represents an
economic loss of marine, tourist, and facilities income;
THEREFORE, we propose the creation of a MIAMI WATERFRONT TRUST which would
be responsible for the management and development of all City of Miami
properties along Biscayne Bay and the Miami River. This would be modeled
after the Public Health Trust, with the control of the day-to-day operation
and future planning under a Board of Directors from the public, and ultimate
authority and supervision by the Commissioners of the City.
This Trust would be responsible for the following marine activities:
1. Development of a long-range approach to obtain the maximum benefit
from all river and bayfront proi.Irty.
2. A permanent management approach to providing the necessary unified
guidance for Miami's waterfront resources.
3. Development and improvement of both wet and dry storage marinas at
no cost to the City through the use of revenue bond financing.
4. Coordination of the development of marine areas with the overall
plans of the City for the improvement of its revenue base.
5. To act as an advisory committee to assist the City in making decisions
concerning proposed marine and waterfront developments.
According to the Florida Department of Natural Resources, more than 40,000
boats are registered in Dade County. Those boats of all sizes and shaces
represent an investment of more than $400,000,000. The annual cost of
owning and operating a boat will range from 15% to 30% of the capital cost
a conservative average of $100,000,000 spent annually. Recent statistics
establish that at least 60% of this amount goes into the local economy in
the form of payroll. That's 6,000 jobs, not including the ripple effect
of this magnitude of spending.
ALL THIS IN SPITE OF THE FACT THAT most public marinas in the Miami area
are in a sad state of repair; and
IN SPITE OF THE FACT THAT City residents who have already purchased boats
face waiting lists of more than three years in order to obtain slip space
in a public or private marina.