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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #19148 Date: 04/07/2026 Commission Meeting Date: 04/23/2026 Requesting Department: Department of Real Estate and Asset Management Sponsored By: Damian Pardo District Impacted: District 2 Type: Resolution Subject: Authorize Easement Amendment - Watson Harbour BH3 Purpose of Item: A Resolution of the Miami City Commission, with attachment(s), authorizing the City Manager to execute two amendments, (1) a Third Amendment, in substantially the attached form, to the Grant of Easement, recorded on December 12, 2007, Book 26102 Page 2955 in the Public Records of Miami -Dade County, Florida, amended by that certain First Amendment Recorded on December 12, 2007, Book 26102 Page 3110 and amended by that certain Second Amendment recorded on November 24, 2008, Book 26662 Page 355 in the Public Records of Miami -Dade County, Florida, containing a combined total size of approximately 7.83 acres on a portion of City of Miami ("City") owned property located at 888 MacArthur Causeway, Watson Island, Miami, Florida, as legally described in Exhibit "A," attached and incorporated; and (2) a Second Amendment, in substantially the attached form, to the Grant of Easement, recorded on October 6, 2008, Book 26598 Page 1473 in the Public Records of Miami -Dade County, Florida, amended by that certain First Amendment recorded on October 6, 2008, Book 26598 Page 1498 in the Public Records of Miami Dade County, Florida, containing a total size of approximately eight thousand seven hundred ninety (8,790) square feet on a portion of City -owned property located at 888 MacArthur Causeway, Watson Island, Miami, Florida, as legally described in Exhibit "B," attached and incorporated (the proposed second and third amendments are hereinafter jointly referred to as the "Amended Easement Agreements"); further providing that the proposed Amended Easement Agreements are to be entered into between the City, BH3 IG DEVELOPER LLC, (`BH3"), ISLAND GARDENS DEEP HARBOUR LLC, IG LUXURY LLC, IG RESIDENCES LLC, IG LIFESTYLE LLC, IG RETAIL LLC, and IG PARKING LLC, ("Tenants") with terms and conditions more particularly set forth in the Amended Easement Agreements. Background of Item: The City of Miami ("City") is the owner of certain upland property on Watson Island located at 888 MacArthur Causeway, Miami, Florida and certain submerged land located adjacent thereto (the "Property"). Pursuant to Resolution R-25-0526, the City and IG Luxury LLC, a Delaware limited liability company ("Developer"), entered into that certain Agreement for Purchase and Sale dated January 2, 2026 ("PSA"), to acquire a portion of the Property containing approximately 3.2 acres. Pursuant to Section 3(k) in Exhibit D of the PSA, titled "Community Public Benefits" ("CPB"), the City, Developer, and BH3 IG DEVELOPER LLC, a Delaware limited liability company ("BH3"), agreed to use good faith efforts to negotiate and amend existing easement agreements referenced hereinabove for infrastructure enhancements and waterfront promenade expansion, as more particularly set forth in the Amended Easement Agreements ("Intended Purpose"). The City and Tenants have negotiated the attached Amended Easement Agreements in furtherance of the Intended Purpose. Budget Impact Analysis Item is NOT Related to Revenue Item has NOT an Expenditure Item is NOT funded by Bonds Total Fiscal Impact: N/A Department of Real Estate and Asset Management Review Completed Office of Management and Budget Office of Management and Budget City Manager's Office City Manager's Office Legislative Division Office of the City Attorney Office of the City Attorney City Commission Office of the Mayor Office of the City Clerk Legislative Division Office of the City Attorney Office of the City Attorney Office of the City Attorney Office of the City Clerk Reviewed B 04/07/2026 11:16 AM Pedro Lacret Marie Gouin Erica T. Paschal Natasha Colebrook -Williams Valentin J Alvarez James Brako Xavier Alban Nicole Ewan Mayor's Office City Clerk's Office Valentin J Alvarez James Brako Xavier Alban George K. Wysong III City Clerk's Office Andrew Frey Budget Analyst Review Budget Review Assistant City Manager Approved on behalf of the City Legislative Division Review ACA Review Deputy Attorney Review Meeting Signed by the Mayor Department Head Completed Completed Completed Manager Completed Completed Completed Completed Completed Signed and Attested by the City Clerk Completed Legislative Division Review Completed ACA Review Completed Deputy Attorney Review Completed Approved Form and Correctness with Modification(s) Rendered Completed 04/08/2026 1:12 PM 04/08/2026 1:55 PM 04/08/2026 1:57 PM Completed 04/10/2026 7:38 AM 04/13/2026 3:23 PM 04/14/2026 8:26 PM 04/23/2026 9:00 AM 05/01/2026 12:44 PM 05/01/2026 1:35 PM 05/15/2026 2:17 PM 05/18/2026 9:12 AM 05/28/2026 3:25 PM Completed 06/02/2026 2:38 PM City of Miami Legislation Resolution Enactment Number: R-26-0189 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 19148 Final Action Date:4/23/2026 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING THE CITY MANAGER TO EXECUTE TWO AMENDMENTS, (1) A THIRD AMENDMENT EASEMENT AGREEMENT (PARCELS A, B, & C) ("THIRD AMENDMENT"), IN SUBSTANTIALLY THE FORM ATTACHED AS EXHIBIT "A," TO THE GRANT OF EASEMENT, RECORDED ON DECEMBER 12, 2007, BOOK 26102 PAGE 2955 IN THE PUBLIC RECORDS OF MIAMI- DADE COUNTY, FLORIDA, AMENDED BY THAT CERTAIN FIRST AMENDMENT RECORDED ON DECEMBER 12, 2007, BOOK 26102 PAGE 3110 AND AMENDED BY THAT CERTAIN SECOND AMENDMENT RECORDED ON NOVEMBER 24, 2008, BOOK 26662 PAGE 355 IN THE PUBLIC RECORDS OF MIAMI-DADE COUNTY, FLORIDA, CONTAINING A COMBINED TOTAL SIZE OF APPROXIMATELY 7.83 ACRES ON A PORTION OF CITY OF MIAMI ("CITY") OWNED PROPERTY LOCATED AT 888 MACARTHUR CAUSEWAY, WATSON ISLAND, MIAMI, FLORIDA, LEGALLY DESCRIBED IN EXHIBIT "A" OF THE ATTACHED AND INCORPORATED THIRD AMENDMENT; AND (2) A SECOND AMENDMENT EASEMENT AGREEMENT (PARCEL G) ("SECOND AMENDMENT"), IN SUBSTANTIALLY THE FORM ATTACHED AS EXHIBIT "B," TO THE GRANT OF EASEMENT, RECORDED ON OCTOBER 6, 2008, BOOK 26598 PAGE 1473 IN THE PUBLIC RECORDS OF MIAMI-DADE COUNTY, FLORIDA, AMENDED BY THAT CERTAIN FIRST AMENDMENT RECORDED ON OCTOBER 6, 2008, BOOK 26598 PAGE 1498 IN THE PUBLIC RECORDS OF MIAMI-DADE COUNTY, FLORIDA, CONTAINING A TOTAL SIZE OF APPROXIMATELY EIGHT THOUSAND, SEVEN HUNDRED NINETY (8,790) SQUARE FEET ON A PORTION OF CITY -OWNED PROPERTY LOCATED AT 888 MACARTHUR CAUSEWAY, WATSON ISLAND, MIAMI, FLORIDA, AS LEGALLY DESCRIBED IN EXHIBIT "B" OF THE SECOND AMENDMENT, ATTACHED AND INCORPORATED, (THE PROPOSED SECOND AND THIRD AMENDMENTS ARE HEREINAFTER JOINTLY REFERRED TO AS THE "AMENDED EASEMENT AGREEMENTS"); FURTHER PROVIDING THAT THE PROPOSED AMENDED EASEMENT AGREEMENTS ARE TO BE ENTERED INTO BETWEEN THE CITY, BH3 IG DEVELOPER LLC, ("BH3"), ISLAND GARDENS DEEP HARBOUR LLC, IG LUXURY LLC, IG RESIDENCES LLC, IG LIFESTYLE LLC, IG RETAIL LLC, AND IG PARKING LLC, ("TENANTS"), WITH TERMS AND CONDITIONS, MORE PARTICULARLY SET FORTH IN THE AMENDED EASEMENT AGREEMENTS. WHEREAS, the City of Miami ("City") is the owner of certain upland property on Watson Island located at 888 MacArthur Causeway, Miami, Florida and certain submerged land located adjacent thereto (the "Property"); and WHEREAS, pursuant to Resolution R-25-0526, the City and IG Luxury LLC, a Delaware limited liability company ("Developer"), entered into that certain Agreement for Purchase and Sale dated January 2, 2026 ("PSA"), to acquire a portion of the Property containing approximately 3.2 acres; and WHEREAS, pursuant to Section 3(k) in Exhibit D of the PSA, titled "Community Public Benefits" ("CPB"), the City, Developer, and BH3 IG DEVELOPER LLC, a Delaware limited liability company ("BH3"), agreed to use good faith efforts to negotiate and amend existing easement agreements referenced hereinabove for infrastructure enhancements and waterfront promenade expansion, as more particularly set forth in the Amended Easement Agreements ("Intended Purpose"); and WHEREAS, the City and Tenants have negotiated the attached Amended Easement Agreements in furtherance of the Intended Purpose; 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. Section 2. The City Manager is hereby authorized' to execute the Amended Easement Agreements, in a form acceptable to the City Attorney, for the Intended Purpose. Section 3. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.2 APPROVED AS TO FORM AND CORRECTNESS: 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.