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HomeMy WebLinkAboutR-19-0290City of Miami q Legislation Resolution: R-19-0290 File Number: 6207 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Final Action Date: 7/11/2019 A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING SHUTTS AND BOWEN, LLP, THE CITY'S OUTSIDE COUNSEL, IN CONSULTATION WITH THE CITY ATTORNEY, TO ENGAGE PROFESSIONAL CONSULTANTS, INCLUDING PROPERTY APPRAISERS AND A PEER REVIEW FIRM, ENVIRONMENTAL CONSULTANTS, AND TRAFFIC ENGINEERS, AT NO COST TO THE CITY, FOR THE PURPOSE OF PROVIDING A FAIR MARKET VALUE ANALYSIS OF THE MELREESE GOLF COURSE PROPERTY LOCATED GENERALLY AT 1400 NORTHWEST 37TH AVENUE, MIAMI, FLORIDA 33125. WHEREAS, the City of Miami ("City") owns the property located generally at 1400 NW 37th Avenue, Miami, Florida 33125, commonly known as the Melreese Golf Course ("Property"); and WHEREAS, the City Commission at its meeting on July 18, 2018, pursuant to Resolution No. 18-0309, approved a ballot question that set forth the various terms of a proposed lease agreement with Miami Freedom Park LLC ("MFP"), as reflected in a term sheet attached to said Resolution, which includes that "annual rent payable to the City by MFP will be equal to the greater of (a) the Fair Market Value of the Leased Premises or (b) 5.0% of the Rent, but under no circumstances less than $3,577,000 per year"; and WHEREAS, at the November 6, 2018 Special Election, City of Miami ("City") voters approved a referendum by over sixty percent (60%), approving an amendment to Section 29-B of the Charter of the City of Miami, Florida, as amended, authorizing the City Commission to negotiate and execute a ninety nine (99) year lease with MFP for approximately seventy three (73) acres of City -owned land; waiving competitive bidding; converting the Property, at no cost to the City, to a soccer stadium with a minimum of 1,000,000 square feet of office, retail, and commercial uses; a minimum of 750 hotel rooms; providing for a living wage for on-site employees; and for a minimum rent of $3,577,365.00 and a twenty million dollar ($20,000,000) contribution to the City for a fifty-eight (58) acre public park or other green space ("Project"); and WHEREAS, the City Commission at its meeting on March 14, 2019, pursuant to Resolution No. 19-0117, expressed an interest in being advised of and selecting all outside consultants, law firms, real estate appraisers or brokerage firms, surveyors, mappers, or any other vendor, contractor, or provider for the Project; and WHEREAS, the City Commission at its meeting on June 27, 2019, directed Shutts and Bowen, LLP, the City's outside counsel for the Project ("Legal Consultants"), in consultation with the City Attorney, to engage professional consultants, including property appraisers and a peer review firm, environmental consultants, and traffic engineers; and City of Miami Page 1 of 2 File ID: 6207 (Revision:) Printed On: 8/13/2019 File ID: 6207 Enactment Number: R-19-0290 WHEREAS, the City intends to obtain the services of two (2) independent, qualified, reputable, and state -certified appraisers to provide separate independent appraisal reports of the Property; and WHEREAS, the City intends to hire a third appraisal company to provide a peer review of the two (2) appraisal reports referenced above as well as an environmental consultant in order to arrive at a Fair Market Value ("FMV") of the Property; and WHEREAS, the City further intends to hire a traffic engineer to provide necessary evaluations related to traffic plans and conditions surrounding the Property and the Project; and WHEREAS, the reports and expertise provided by the above-mentioned consultants shall be utilized for purposes of arriving at a FMV of the Property and negotiating the various provisions of the lease agreement with MFP; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by reference and incorporated as fully set forth in this Section. Section 2. The City Commission hereby authorizes' the City's Legal Consultants, in consultation with the City Attorney, to engage professional consultants, including property appraisers and a peer review firm, environmental consultants, and traffic engineers, at no cost to the City, for the purpose of providing the FMV of the Property and in connection with the negotiations between the City and MFP. Section 3. This Resolution shall become effective immediately upon adoption and signature of the Mayor.2 APPROVED AS TO FORM AND CORRECTNESS: 1 i ria i ndez, City Attor iey 8/1212019 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 City Code provisions. 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. City of Miami Page 2 of 2 File ID: 6207 (Revision:) Printed on: 8/13/2019