HomeMy WebLinkAboutR-25-0477City of Miami
Resolution R-25-0477
Legislation
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 18463 Final Action Date: 11/20/2025
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(Yo) 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
WHEREAS, the City of Miami ("City") is the owner of real property and improvements
located at 1001 MacArthur Causeway, Miami, Florida, legally described in Exhibit "A," attached
and incorporated herein ("Property"); and
WHEREAS, on November 2, 1993, the electorate of the City of Miami approved Charter
Amendment No. 1 thereby amending the Charter of the City of Miami to establish a procedure
for waiving competitive bidding and referendum requirements when entering into a lease or
extending an existing lease with a non-profit, non-commercial, water -dependent organization
which provides or seeks to provide marine -recreation services and/or activities to the community
at any city -owned waterfront property, provided certain conditions are met pertaining to public
access, public use, waterfront setback and view -corridor requirements, fair return to the City,
compliance with the master plan and requirements prescribed by ordinance pertaining to an
organization using city -owned facilities; and
City of Miami Page 1 of 3 File ID: 18463 (Revision: A) Printed On: 12/23/2025
File ID: 18463 Enactment Number: R-25-0477
WHEREAS, the City Commission, pursuant to Resolution No. R-97- 535, adopted on
July 24, 1997, determined that it is in the best interest of the City to enter into a lease
agreement with the Miami Yacht Club, Inc. ("MYC") for the provision of marine recreation
services in accordance with the provisions of Section 29-D of the Charter of the City of Miami,
Florida, as amended; and
WHEREAS, the City entered into a lease agreement with MYC and said lease is set to
expire on March 31, 2026; and
WHEREAS, City is willing to lease such property to Lessee for the use set forth
hereinafter; and
WHEREAS, the base annual rent is equal to One Hundred Forty -Four Thousand Dollars
and Zero Cents ($144,000.00) for the first year; and
WHEREAS, a guarantee deposit of Twenty -Four Thousand Dollars and Zero Cents
($24,000.00), will also be payable to City; and
WHEREAS, the monthly percentage rent is equal to Ten Percent (10%) of Gross Sales
exceeding One Hundred and Twenty Thousand Dollars and Zero Cents ($120,000.00); and
WHEREAS, a two and half percent (2.5%) increase in the annual base rent will be
applied for every year including the renewal terms; and
WHEREAS, during the initial term of the lease, the MYC shall construct certain
Improvements to be more specifically described in the Agreement, including (i) installation of a
Modular Dockmaster Office and associated bathing facilities and (ii) Concrete Dock
Replacement at an estimated cost of $3,720,000 and partial Concrete Dock Replacement at an
estimated cost $1,270,000; and
WHEREAS, Lessee shall be solely responsible for the construction and cost of all
improvements to the marina, building, and restaurant located at the Property, including but not
limited to labor, supplies, materials, equipment, professional services, any surrounding or
adjacent municipal, governmental, regulatory requirements, land development, building,
electrical, marine related or similar permits, consents, and approvals or any utility and
telecommunications or computer hook-ups; and
WHEREAS, the City desires and intends to enter into a new Lease Agreement
authorizing the Lessee's leasing of the Property as provided herein commencing April 1, 2026
and continue for an initial term of Thirty (30) years with two (2) options to renew of five (5) years
each;
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
adopted by reference and incorporated herein as if fully set forth in this Section.
City of Miami Page 2 of 3 File ID: 18463 (Revision: A) Printed on: 12/23/2025
File ID: 18463
Enactment Number: R-25-0477
Section 2. The City Manager is authorized' to negotiate and execute a Lease
Agreement, in a form acceptable to the City Attorney, with the MYC for the leasing of
approximately 6.56 acres of land (approximately 3.69 upland and 2.87 submerged bay bottom)
and improvements thereon, located 1001 MacArthur Causeway, Watson Island, Miami, Florida,
as set forth herein and the Agreement .
Section 3. The City Manager is further authorized' to negotiate and execute all
documents, including amendments and modifications to the Lease Agreement, in forms
acceptable to the City Attorney, as may be necessary.
Section 4. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.2
APPROVED AS TO FORM AND CORRECTNESS:
ge Wy j ng III, C1ty`ttor
11/10/2025 a ge Wy ng III, C y ttor y 12/18/2025
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.
2 If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days
from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective
immediately upon override of the veto by the City Commission.
City of Miami Page 3 of 3 File ID: 18463 (Revision: A) Printed on: 12/23/2025