HomeMy WebLinkAboutMaster ReportCity of Miami
Master Report
Enactment Number: R-25-0477
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 18463 File Type: Resolution
Revision: A
File Name: Approve - Miami Yacht Club Lease - Watson Island
Requesting Dept: Commissioners and Mayor
Status: ADOPTED
Controlling Body: City Commission
Introduced: 11/4/2025
Final Action Date: 11/20/2025
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENTS,
PURSUANT TO SECTION 29-D OF THE CHARTER OF THE CITY OF MIAMI,
FLORIDA, AS AMENDED, WAIVING THE BIDDING AND REFERENDUM
REQUIREMENTS AND AUTHORIZING THE CITY MANAGER, TO NEGOTIATE AND
EXECUTE A LEASE AGREEMENT ("AGREEMENT"), IN A FORM ACCEPTABLE TO
THE CITY ATTORNEY, BETWEEN THE CITY OF MIAMI ("CITY") AND MIAMI YACHT
CLUB, INC., A NON-PROFIT FLORIDA CORPORATION ("LESSEE"), FOR THE
LEASING OF APPROXIMATELY 6.56 ACRES OF REAL PROPERTY AND BAY
BOTTOM LAND, OF CITY -OWNED WATERFRONT PROPERTY ON WATSON
ISLAND, LOCATED AT 1001 MACARTHUR CAUSEWAY, MIAMI, FLORIDA
("PROPERTY"), FOR THE PURPOSE OF OPERATING A YACHT CLUB, SAID
AGREEMENT TO: (1) COMMENCE ON APRIL 1, 2026 AND CONTINUE FOR AN
INITIAL TERM OF THIRTY YEARS, WITH TWO (2) OPTIONS TO RENEW OF FIVE (5)
YEARS EACH; (2) BE AT AN ANNUAL BASE RENT OF ONE HUNDRED FORTY FOUR
THOUSAND DOLLARS AND ZERO CENTS ($144,000.00), AND PERCENTAGE RENT
EQUAL TO TEN (10%) OF GROSS SALES EXCEEDING ONE HUNDRED AND
TWENTY THOUSAND DOLLARS AND ZERO CENTS ($120,000.00) WITH A TWO AND
HALF PERCENT (2.5%) INCREASE IN THE ANNUAL BASE RENT, WITH TERMS AND
CONDITIONS AS MORE SPECIFICALLY SET FORTH IN SAID AGREEMENT;
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.
Sponsor(s):
Commissioner Damian Pardo
Notes: Revision A has the Scrivener's amendment made by law department and per legal opinion, it
may be certified instead of original version.
Links:
Attachments: 18463 Exhibit A (PDF)
18463 Notice to the Public (PDF)
18463 Scrivener's Error Memo (PDF)
18463 Legislation -SUB (PDF)
History of Legislative File:
Revision: Acting Body:
Date: Action: Result:
Legislative Division
Andrew Frey
Marie Gouin
James Brako
David Ruiz
11/10/2025
11/10/2025
11/10/2025
11/10/2025
11/10/2025
Legislative Division Review
DREAM Review
Budget Review
ACA Review
RISK Review
Completed
Completed
Completed
Completed
Completed
City of Miami Page 1 of 2 Printed on: 12/23/2025
George K. Wysong III
City Commission
City Commission
Mayor's Office
City Clerk's Office
City of Miami
Master Report
Enactment Number: R-25-0477
11/10/2025 Approved Form and Completed
Correctness
11/20/2025 Meeting Completed
11/20/2025 ADOPTED Passed
11/26/2025 Signed by the Mayor Completed
11/26/2025 Signed and Attested by the City Completed
Clerk
A Legislative Division 12/5/2025 Legislative Division Review Completed
A James Brako 12/5/2025 ACA Review Completed
A George K. Wysong III 12/18/2025 Approved Form and Completed
Correctness
A City Clerk's Office 12/22/2025 Rendered Completed
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
City of Miami Page 2 of 2 Printed on: 12/23/2025