HomeMy WebLinkAboutMaster ReportFile Number: 1134
Revision: A
City of Miami
Master Report
Enactment Number: R-16-0520
File Type: Resolution
File Name: Amend Lease Agrmt - Overtown Youth Center
Requesting Dept: Department of Real Estate and Asset
Management
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Status: ADOPTED WITH
MODIFICATION(S)
Controlling Body: City Commission
Introduced: 9/29/2016
Final Action Date: 10/27/2016
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE IN A FORM
ACCEPTABLE TO THE CITY ATTORNEY AND BOND COUNSEL, AMENDMENT NO. 2
("AMENDMENT") TO THE EXISTING LEASE AGREEMENT BETWEEN THE CITY OF MIAMI
("CITY") AND THE OVERTOWN YOUTH CENTER, INC. ("OVERTOWN YOUTH CENTER"), A
FLORIDA NOT FOR PROFIT CORPORATION, DATED FEBRUARY 28, 2001, ("LEASE") IN
COMPLIANCE WITH INTERNAL REVENUE SERVICE SAFE HARBOR RULES AND
PURSUANT TO AN EXEMPTION GRANTED UNDER SECTION 29-B OF THE CHARTER OF
THE CITY OF MIAMI, FLORIDA, AS AMENDED, FOR THE LEASING OF APPROXIMATELY
FIFTY SEVEN THOUSAND THREE HUNDRED SIXTEEN (57,316) SQUARE FEET OF THE
CITY'S PROPERTY LOCATED AT GIBSON PARK, 380 NORTHWEST 14TH STREET, MIAMI,
FLORIDA, FOR THE NON-EXCLUSIVE PROVISION OF PUBLIC EDUCATIONAL AND
RECREATIONAL OPPORTUNITIES, AT NO COST, TO THE INNER CITY YOUTH AND THEIR
FAMILIES RESIDING IN THE OVERTOWN AREA, WITH SAID AMENDMENT PROVIDING
FOR AN EXTENSION OF THIRTY (30) ADDITIONAL YEARS ABOVE AND BEYOND THE
REMAINING APPROXIMATE TWENTY (20) YEAR TERM OF THE LEASE FOR A TOTAL
REMAINING TERM OF APPROXIMATELY FIFTY (50) YEARS, IN EXCHANGE FOR AN
INVESTMENT BY THE OVERTOWN YOUTH CENTER OF NO LESS THAN TWO MILLION
FIVE HUNDRED THOUSAND DOLLARS ($2,500,000.00) FOR THE CONSTRUCTION OF A
NEW FACILITY.
Sponsors:
Notes:
Links:
Attachments: 1134 Exhibit (PDF)
History of Legislative File:
Revision:
Acting Body:
Date:
Action:
Result:
Aldo Bustamante
10/13/2016
Department Head Review
Completed
Christopher M Rose
10/17/2016
Budget Review
Completed
Alberto N. Parjus
10/17/2016
Assitant City Manager Review
Completed
Daniel J. Alfonso
10/18/2016
City Manager Review
Completed
A
City Commission
10/27/2016
Meeting
Completed
A
City Commission
10/27/2016
ADOPTED
Passed
A
City Commission
10/27/2016
RECONSIDERED
Passed
A
City Commission
10/27/2016
ADOPTED WITH
Passed
MODIFICATION(S)
A
Mayor's Office
11/4/2016
Signed by the Mayor
Completed
City of Miami
Page 1 of 2
Printed on: 6/7/2018
A
IW
LO" Op
City of Miami
City Hall
3500 Pan American Drive
Miami, FL 33133
s
Master Report
www.miamigov.com
Enactment Number: R-16-0520
City Clerk's Office 11/4/2016 Signed and Attested by the City
Clerk
Barnaby L. Min 1/9/2017 Approved Form and
Correctness with Modification(s)
Completed
Completed
City of Miami Page 2 of 2 Printed on: 6/7/2018