HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM Law Department
Matter ID No.
FILE ID: 1501563
15-615
Date: 11/24/2015 Requesting Department: Real Estate & Asset Management
Commission Meeting Date: 12/10/2015 District Impacted: 5
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: A Resolution making provisions for a municipal election the referendum ballot question
authorizing a Lease Agreement with Selected Proposer for North River Property Request for Proposals
("RFP") No. 14-15-024, for lease of City -owned property located at 236 and 298 Southwest North River
Drive, Miami, Florida, 33130 also known as North River Property).
Purpose of Item:
A Resolution of the Miami City Commission, with attachment(s) making provisions for a municipal
election on March 15, 2016, for the purpose of submitting to the electorate at said election the following
referendum ballot question: "Shall the City be authorized to lease approximately 0.73 acres of
waterfront land on the Miami River to Riverside Wharf, LLC, providing for 1) $195,500 of minimum
guaranteed annual rent, and 2) approximately $7 million investment for privately funded improvements
including the construction of restaurants and continuity of the Miami Riverwalk, for a 30 year term with
two 10 year renewal options?"; designating and appointing the City Clerk as the official representative
of the City Commission with respect to the use of such registration books and records, authorizing and
directing the City Clerk to publish notice of the adoption of this resolution and the provisions thereof
pursuant to applicable law; and directing the City Clerk to cause a certified copy of the herein resolution''
to be delivered to the Supervisor of Elections of Miami -Dade County, Florida pursuant to applicable
law.
Background Information:
See Supplemental Page
Budget Impact Analysis
YES Is this item related to revenue?
NO Is this item an expenditure? If so, please identify funding source below.
General Account No:
Special Revenue Account No:
CIP Project No:
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact: $195,500.00 nuM
Final Approvals
(SIGN AND DATES f
CIP N/A Budge
If using or receiving capital funds
Grants N/A Risk Management
Purchasing N/A Dept. Director
Asst City Manager City Manager9
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SUPPLEMENTAL PAGE
Subject: A Resolution making_ provisions for a municipal election the referendum ballot question
authorizing a Lease Agreement with Selected Proposer for North River Property Request for Proposals
("RFP") No. 14-15-024, for lease of City -owned property located at 236 and 298 Southwest North River
Drive, Miami, Florida, 33130 (also known as North River Property).
Background Information:
In accordance with the provisions of the City Charter and Code, the City conducted a competitive
solicitation process for the development and lease of a waterfront property on the Miami River. The
City Manager has made a recommendation to the City Commission to accept a proposal that has been
duly approved.
The City Commission wishes to poll the electors of the City of Miami as to whether the City of Miami
shall be authorized to lease City -owned riverfront land at 236 and 298 Southwest North River Drive,
Miami, Florida, 33130 to Riverside Wharf, LLC for 30 years with two 10 -year renewal options subject
to a minimum total guaranteed rent of $195,500 upon completion and subject to additional conditions
as the City may require.
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