HomeMy WebLinkAboutMaster ReportCity of Miami
Master Report
Enactment Number: R-26-0254
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 19190
Revision:
File Name: Award RFP Lease - Virginia Key LLC
File Type: Resolution
Requesting Dept: Department of Real Estate and Asset
Management
Status: ADOPTED
Controlling Body: City Commission
Introduced: 4/13/2026
Final Action Date: 6/11/2026
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
AWARDING REQUEST FOR PROPOSALS NO. 16-17-011 ("RFP") FOR THE LEASE
OF CITY OF MIAMI-OWNED WATERFRONT PROPERTY FOR
MARINAS/RESTAURANT/STORE USES LOCATED AT APPROXIMATELY 3301, 3605,
3501, 3311, AND 3511 RICKENBACKER CAUSEWAY, MIAMI, FLORIDA, AS MORE
PARTICULARLY DESCRIBED IN THE ATTACHED AND INCORPORATED EXHIBIT "A"
("PROPERTY"), TO VIRGINIA KEY, LLC ("PROPOSER") SUBJECT TO APPROVAL BY
A MAJORITY OF THE VOTES CAST BY THE ELECTORATE AT A REFERENDUM
ELECTION; AUTHORIZING THE CITY MANAGER TO EXECUTE A LEASE
AGREEMENT ("LEASE"), IN SUBSTANTIALLY THE FORM ATTACHED AND
INCORPORATED AS EXHIBIT "B," WITH PROPOSER FOR AN INITIAL TERM OF
FORTY-FIVE (45) YEARS, WITH TWO (2) FIFTEEN (15) YEAR RENEWAL TERMS,
AND PAYMENT TO THE CITY OF A MINIMUM GUARANTEED ANNUAL RENT EQUAL
TO TWO MILLION, TWO HUNDRED THOUSAND AND 00/100 DOLLARS
($2,200,000.00) INCREASED ANNUALLY, PLUS PERCENTAGE RENT EQUAL TO SIX
PERCENT (6%) OF GROSS REVENUES FOR THE PRIVATELY FUNDED
REDEVELOPMENT OF A MARINA ON THE PROPERTY, INCLUDING BOAT
STORAGE, RESTAURANTS, RETAIL, AND PUBLIC PARKING, AS MORE
PARTICULARLY SET FORTH IN THE LEASE, SUBJECT TO APPROVAL BY A
MAJORITY OF THE VOTES CAST BY THE ELECTORATE AT A REFERENDUM
ELECTION, AND IN ACCORDANCE WITH THE REQUIREMENTS OF THE CITY
CHARTER AND ALL OTHER APPLICABLE LAWS; PROVIDING FOR AN EFFECTIVE
DATE.
Notes:
Links:
Attachments: 19190 Exhibit A (PDF)
19190 Exhibit B (PDF)
19190 Back -Up Documents (PDF)
19190 Submittal -Albert Dotson-PowerPoint Presentation
History of Legislative File:
(PDF)
Revision: Acting Body:
Date:
Action:
Result:
Andrew Frey
Pedro Lacret
Marie Gouin
Erica T. Paschal
Natasha Colebrook -Williams
4/13/2026
4/13/2026
4/13/2026
4/14/2026
4/14/2026
Department Head Review
Budget Analyst Review
Budget Review
Assistant City Manager
Approved on behalf of the City
Manager
Completed
Completed
Completed
Completed
Completed
City of Miami Page 1 of 2 Printed on: 6/23/2026
Legislative Division
Jacqueline Lorenzo
Xavier Alban
George K. Wysong
City Commission
City Commission
Mayor's Office
City Clerk's Office
City Clerk's Office
City of Miami
Master Report
Enactment Number:
4/14/2026
5/14/2026
6/2/2026
III 6/2/2026
6/11/2026
6/11/2026
6/17/2026
6/17/2026
6/17/2026
R-26-0254
Legislative Division Review
ACA Review
Deputy Attorney Review
Approved Form and
Correctness
Meeting
ADOPTED
Signed by the Mayor
Signed and Attested by the City
Clerk
Rendered
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Completed
Completed
Completed
Completed
Completed
Passed
Completed
Completed
Completed
City of Miami Page 2 of 2 Printed on: 6/23/2026