HomeMy WebLinkAboutSubmittal-Commissioner Ken Russell-Powerpoint PresentationWATSON ISLAND
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Submitted into the publ', Q }
record f r ite (s a
on 5 City Clerk
FLAGSTONE TIMELINE
► November 2001
Voters first approved Flagstone "Island Gardens" project referendum, a respor
a City RFP.
► December 2002
The City of Miami entered into its first agreement with Flagstone, the Agreeme
Enter into a Ground Lease, often shortened to the "Agreement to Enter," whicf
dictated the original terms upon which the City would lease part of Watson Islas
Flagstone.
► September 2004
First Amendment to Agreement to Enter
Submitted into the publi
record f r ite (s) 91.1
on City Clerk
FLAGSTONE TIMELINE
► November 2006
Second Amendment to Agreement to Enter
► June 2008
Third Amendment to Agreement to Enter
► April 2010 -June 2010
On the brink of expiration, the City granted Flagstone multiple extensions as
negotiations were at a standstill. At this time, the City and Flagstone were also
seeking a modification to a deed restriction from the State of Florida, for whicr
the City was receiving some pushback. Eventually, the City and the State reach
an agreement by which the State of Florida would take a 15% stake in part of tf
project.
Submitted into the publiS
record f ite (s) 1
on 5 Q , �7 City Clerk
FLAGSTONE TIMELINE
► September 2010
The City agreed to a Fourth Amendment to Agreement to Enter, which allowed
Flagstone to develop the project on a "component by component" basis for the
first time, dividing the project into three (3) components: (1) Marina Componer
(2 Parking/Retail Component; and (3) Hotel Component. This amendment also
adopted Composite Attachment 3, which provides for various construction
deadlines and City termination rights.
► September 2011
The State of Florida and the City executed an agreement to modify the deed
restriction which had originally prohibited conveyance of the land for private
use/purposes.
► May 2014
Flagstone entered into Ground Lease with the City for Marina Component
Submitted into the public
record fiqr ite(s)
on l . City Clerk
FLAGSTONE TIMELINE
► March 2016
A Temporary Use of Vacant Land Permit for pop up restaurant was approved by
the City.
► September 2016
Temporary Use Permit expired on the 26th of September of last year. The
restaurant continued to operate without a permit.
'* October 2016
The City and Flagstone execute a Ground Lease for the parking/retail Compone
on October 11
► January 2017
Flagstone received Notice of Violation from Code Compliance for operating a
restaurant without a Certificate of Use and various health and safety violations
Submitted into the public
record
on City Clerk
FLAGSTONE TIMELINE
► March 2017
Flagstone was ordered by the State of Florida Department of Business and
Professional Regulation (DPBR) to shut down the restaurant and was cited for Y
violations of health and food safety regulations
► April 2017
Flagstone was notified that they were delinquent on over $750,000 worth of
property taxes, due no later that May 31, 2017.
► May 2017
Flagstone paid outstanding property taxes on May 22, 2017, just before the May
31 deadline.
Submitted into the publi
record fqr item(s)
on I' City Clerk