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Home My WebLink AboutLegislation-SUBFile Nurrrber: 15-01562 Final action ate: 12/10/201.5 AIMS+*. * � 4 .....� 1_ * .1. •M *:.: * * � * < a �1 0 D r Ln rL U L e.L, Ga.a c.rt w UJ ILJ J a-, ro r" Lrr7 0 ;7 0 WHEREAS, the City of Miami ("City") owns the property located at 236 and 298 Southwest Forth River Drive, Miami, Florida, 33130 ("Property"); and WHEREAS, on June "15, 2015, the City's Department of Real Estate and Asset Management ("DREAM") advertised Request for Proposals ("RFP") No. 14-15-024, to solicit proposals for the development of the Property including planning, design, construction, leasing and management services; and WHEREAS, on September 14, 2015, the solicitation period closed, with receipt of one (1) proposal, from Riverside Wharf LLC ("Proposer"), deemed responsive and responsible in accordance with the RFP's terms and conditions; and WHEREAS, pursuant to the RFP, the City Manager appointed an Evaluation Selection Committee ("Committee") to evaluate said responsive and responsible proposal; and WHEREAS, the Committee met on December 8, 2015 to evaluate the criteria and scoring values assigned and to render a written Memorandum for Recommendation for Award ("Recommendation") to the City Manager; and WHEREAS, the City Manager approved the Committee's Recommendation and submitted the City oj',Hiawi Paye I of`2 file Id: 1.5-0.1562 Olersion: 3) Pri File Number 15-01562 Ewictmew Mrrtber: R-15-0530 same to the City Commission for their ultimate consideration and approval; and WHEREAS, the City Commission accepts the Recommendation of the City Manager; and WHEREAS, the above actions and procedures have been performed in accordance with the applicable provisions of the Charter and Code of the City of Miami, Florida, and provisions contained within the RFP; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA- Z 9 Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by -D t reference and incorporated as if fully set forth in this Section. V) Section 2. The Recommendation of the City Manager approving the findings of the Committee, pursuant to DREAM RFP No. 14-15-024 for the development and lease of the Property finding that Proposer is the top ranked firm is accepted. Z LU Section 3. The City Manager is hereby directecl{l} to execute a lease ("Lease"), in substantially U o the attached form, and in compliance with any and all applicable State submerged lands lease requirements, with the Proposer, for an initial term of thirty (30) years, with options to renew for two (2: ten (10) year terms, said Lease providing a payment term of the greater of either an annual base rent of $195,500,00 ("Minimum Base Rent") or fifteen percent (15%) of the gross revenues as defined in the Lease, and providing that the Minimum Base Rent shall be adjusted on an annual basis by the greater of the Consumer Price Index or a three percent (3%) escalator, with terms and conditions more particularly described in the Lease; further providing that -the execution of the Lease does not confer any contractual rights upon the Proposer unless and until the electorate has cast a favorable referendum vote approving the transaction as required by City Charter Section 29(B). Section 4. This Resolution shall become effective immediately upon adoption and signature of the mayor.{2} C VI, ORIA ENDEZ 9 CITY ATTORNEY Footnotes: {1} The herein authorization is further subject to compliance with all requirements that may be imposed by the City Attorney, including but not limited to those prescribed by applicable City Charter and 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,, pity of Miami Page 2 oj'2 Fileld: 15-01562 (Versiow 3)Prbited Oiz: 1/7.312016 V1 H. Z U- 0 Z .D Lu U < Z Z LLJ 2E 0 Z U ZT 0 U0 SUBs-rITUTED City of Miami City Hall 3600 Pan American Drive Legislation Miami, FL 33133 vvww,mlamjgov.corn Resolution File 11111t)er: 15-01562 Final Action Date: A OLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), FIND THAT RIVERSIDE WHARF LLC ("PROPOSER") IS THE TOP RANKED RESPO IVE AND RESPONSIBLE FIRM PURSUANT TO DEPARTMENT OF REAL ESTATE A ASSET MANAGEMENT'S REQUEST FOR PROPOSALS ("RFP") NO, 14-16-024 F THE DEVELOPMENT AND LEASE OF THE NORTH RIVERFRONT PROPERTY ATEDAT236 AND 298 SOUTHWEST NORTH RIVER DRIVE, MIAMI, FLORID "PROPERTY"); AUTHORIZING AND DIRECTING THE CITY MANAGER TOEX UTEA LEASE ("LEASE"), IN SUBSTANTIALLY THE ATTACHED FORM, A IN COMPLIANCE WITH ANY AND ALL APPLICABLE STATE SUBMERGED L DS LEASE REQUIREMENTS, WITH THE PROPOSER, FOR AN INITIAL TERM O HIRTY (30) YEARS, WITH AN OPTION TO RENEW FOR TWO (2)TEN (IO)YE TERMS, SAID LEASE PROVIDING A PAYMENT TERM OF" THE GREATER OF THEIR AN ANNUAL BASE RENT OF $195,500,00 ("MINIMUM BASE RENT") OR F EEN PERCENT (15%) OF THE GROSS REVENUES AS DEFINED IN THE ASE, AND PROVIDING THAI' THE MINIMUM BASE RENT SHALL BE ADJUSTED AN ANNUAL BASIS BY THE GREATER OF THE CONSUMER PRICE INDEX ORA TREE PERCENT (3%) ESCALATOR, WITH TERMS AND CONDITIONS MORE PART ULARLY DESCRIBED IN THE LEASE; FURTHER PROVIDING THAT THE EXECU N OF THE LEASE DOES NOT CONFER ANY CONTRACTUAL. RIGHTS UP PROPOSER UNLESS AND UNTIL THE ELECTORATE HAS CAST A FAVORABLE FERENDUM VOTE APPROVING THE TRANSACTION AS REQUIRED BY CITY CH TER SECTION 29(B). WHEREAS, the City of Miami ("City") owns the property locate36 and 298 Southwest North River Drive, Miami, Florida, 33130 ("Property"); and N WHEREAS, on June 15, 2015, the City's Department of Real Estate a Asset Management ("DREAM") advertised Request for Proposals ("RFP") No. 114-16-024, to soli roposals for the Asset Management 'i roposa I s for c development of the Property including planning, design, construction, leasing a management services; and WHEREAS, on September 14, 2015, the solicitation period closed, with receipt o e (1) proposal, 3\ v from Riverside Wharf LLC ("Proposer"), deemed responsive and responsible in accorda e with the RFP's terms and conditions, and WHEREAS, pursuant to the RFP, the City Manager appointed an Evaluation Selection ("Committee") to evaluate said responsive and responsible proposal; and WHEREAS, the Committee met on December 8, 2015 to evaluate the criteria and scoring valuesl assigned and to render a written Memorandum for Recommendation for Award ("Recommendation") to the City Manager; and WHEREAS, the City Manager- the Committee's Recommendation and submitted the 01y 0JA1ianil Page I ql'2 File Id: 15-01502 (Version., 1) Printed On: 12111-7015 SUBSTITUTED File Number 15-01562 same to the City Commission for their ultimate consideration and approval; and FIEREAS, the above actions and procedures have been performed in accordance with the appl! le provisions of the Charter and Code of the City of Miami, Florida, and provisions contained within t RFP; NOW, REFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: "I! n I E I R RFP; r A 0 P S provisions 0 he s ab a '�i of 0 the h e n 0 a Charter h I I a on ON R \EF R E BE F NOW, 0 T FLORIDA: Section 1. The citals and findings contained in the Preamble to this Resolution are adopted by Section reference and incorp ted as if fully set forth in this Section. S e 10 h R cl� ection 2. The Reco endation of the City Manager the findings of the Committee, D _ 1 pursuant to DREAM RFID N 4-15-024 for the development and lease of the Property finding that Proposer is the top ranked fir Section 3, The City Manager 1 ereby directed{lj to execute a lease ("Lease"), in substantially the attached form, and in compliance 'th any and all applicable State submerged lands lease requirements, with the Proposer, for an Mal term of thirty (30) years, with options to renew for two (2) ten (10) year terms, said Lease providing ayment term of the greater of either an annual base rent c re a e providing n I n ere by g h b tiala ad Iir y t a a e and c term'ed 0 n a f t n t termp thirty p r' y erm of $195,000.00 ("Minirnum Base Rent") or fil n percent ('15%) of the gross revenues as defined in c the Lease, and providing that the Minimum Ba Rent shall be adjusted on an annual basis by the greater of the Consumer Price Index or a three p ent (3%) escalator, with terms arid conditions s u r p r more particularly described in the Lease; further pr 'ding that the execution of the Lease does not confer any contractual rights upon the Proposer unle and until the electorate has cast a favorable referendum vote approving the transaction as required City Charter Section 29(B). Section 4. This Resolution shall become effective imine ' tely upon adoption and signature of the mayor.f2) ely \upo.n adoption APPROVED AS TO FORM AND CORRECTNESS: VICTORIA M�NDEZ CITY ATTORNEY Footnotes: {1) The herein authorization is further subject to compliance with all require is that '1' may be imposed by the City Attorney, including but not limited to those prescri d by ,rl c applicable City Charter and Code provisions, {2) If the Mayor does not sign this Resolution, it shall become effective at the Nendof (10) calendar days from the date it was passed and adopted. If the Mayor vetoes thi Resolution, it shall become effective immediately upon override of the veto by the City Commission. City qfMiaml llagc 2 q1'2 Flit,, Ith 15-01562 (Vaslotz., 1) Prhitid Ow