HomeMy WebLinkAboutMaster ReportFile Number: 2876
Revision: B
City of Miami
Master Report
Enactment Number: R-17-0490
File Type: Resolution
File Name: Fifth Amendment - Miami Outboard Club, Inc.
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: 8/18/2017
Final Action Date: 10/12/2017
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), PURSUANT
TO SECTION 29-D OF THE CHARTER OF THE CITY OF MIAMI, FLORIDA, AS AMENDED,
AUTHORIZING THE CITY MANAGER, BY A FOUR-FIFTHS (4/5THS) AFFIRMATIVE VOTE,
TO WAIVE COMPETITIVE BIDDING AND TO EXECUTE A FIFTH AMENDMENT TO THE
LEASE AGREEMENT ("FIFTH AMENDMENT"), IN SUBSTANTIALLY THE ATTACHED FORM,
BETWEEN THE CITY OF MIAMI ("CITY") AND THE MIAMI OUTBOARD CLUB, INC., A NON-
PROFIT FLORIDA CORPORATION ("LESSEE"), FOR USE OF A PORTION OF CITY -OWNED
WATERFRONT PROPERTY ON WATSON ISLAND LOCATED AT 1099 MACARTHUR
CAUSEWAY, MIAMI, FLORIDA 33132 ("LEASE PROPERTY"), WITH SAID FIFTH
AMENDMENT TO (1) EXTEND THE CURRENT LEASE TERM BY AN ADDITIONAL TERM OF
TWENTY-FIVE (25) YEARS WITH TWO (2) ADDITIONAL TEN (10) YEAR OPTIONS TO
RENEW FOR A POSSIBLE TOTAL EXTENSION TERM OF FORTY-FIVE (45) YEARS
("EXTENSION TERM"); (2) INCREASE THE TOTAL EXTENSION TERM BASE MONTHLY
RENT TO FAIR MARKET VALUE, AS DETERMINED BY TWO (2) INDEPENDENT
APPRAISALS, TO THE AMOUNT OF THIRTEEN THOUSAND DOLLARS ($13,000.00)
INCREASED ANNUALLY BY THREE PERCENT (3%) WITH THE CONTINUED PROVISION
OF COMMUNITY SERVICE CREDITS; (3) MODIFY THE PERCENTAGE RENT PAYMENT TO
INCLUDE REVENUES COLLECTED FOR MEMBERSHIP DUES AND BOAT STORAGE; (4)
PROVIDE FOR SIGNIFICANT CAPITAL IMPROVEMENTS TO THE LEASE PROPERTY, AT
THE LESSEE'S SOLE EXPENSE, OF A MINIMUM OF SIX MILLION DOLLARS
($6,000,000.00) TO BE COMPLETED WITHIN SIX (6) YEARS OF THE FIFTH AMENDMENT'S
EFFECTIVE DATE; AND (5) PROVIDE FOUR (4) SLIPS FOR USE BY THE CITY'S POLICE
DEPARTMENT MARINE PATROL UNIT; RESERVING ALL AIR RIGHTS FOR FUTURE CITY
BUILDINGS, ALL RIGHTS TO SUBMERGED LANDS FOR FUTURE CITY BOAT SLIPS AND
MARINAS, AND ALL RIGHTS OF ACCESS TO THE LEASE PROPERTY; WITH SUCH
ADDITIONAL TERMS AND CONDITIONS AS CONTAINED IN THE FIFTH AMENDMENT.
Sponsors:
Notes:
Links:
Attachments: 2876 Exhibit (PDF)
2876 Appraisal - Armada (PDF)
2876 Appraisal - Blake (PDF)
2876 Back -Up Documents (PDF)
2876 Back -Up from Law Dept (PDF)
2876 -Submittal -DREAM -Miami Outboard Club Special Purpose Property Appraisal Report (PDF)
2876 -Submittal -DREAM -Exhibit D Redevelopment Plans (PDF)
2876 -Submittal -Clemente Gonzalez -Miami Outboard Club Booklet (PDF)
2876 -Submittal -DREAM -Blake Appraisal Report for Miami Outboard Club (PDF)
City of Miami Page 1 of 2 Printed on: 1/26/2018
CON Op City of Miami City Hall
3500 Pan American Drive
Miami, FL 33133
°°° °° "° • Master Report
,� •sF www.miamigov.com
Enactment Number: R-17-0490
History of Legislative File:
Revision:
Acting Body:
Date:
Action:
Result:
Aldo Bustamante
8/21/2017
Department Head Review
Completed
Christopher M Rose
8/21/2017
Budget Review
Completed
Alberto N. Parjus
8/23/2017
Assistant City Manager Review
Completed
Daniel J. Alfonso
8/26/2017
City Manager Review
Completed
Victoria Mendez
9/19/2017
Approved Form and
Completed
Correctness
City Commission
9/28/2017
Meeting
Completed
City Commission
9/28/2017
DEFERRED
Passed
A
Victoria Mendez
10/2/2017
Approved Form and
Completed
Correctness
A
City Commission
10/12/2017
Meeting
Completed
A
City Commission
10/12/2017
ADOPTED WITH
Passed
MODIFICATION(S)
B
Mayor's Office
10/17/2017
Signed by the Mayor
Completed
B
City Clerk's Office
10/17/2017
Signed and Attested by the City
Completed
Clerk
B
Victoria Mendez
11/14/2017
Approved Form and
Completed
Correctness with Modification(s)
B
City Clerk's Office
11/14/2017
Rendered
Completed
City of Miami Page 2 of 2 Printed on: 1/26/2018