Resolution 2018-30423RESOLUTION NO.
2018 -30423
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF
THE CITY OF MIAMI BEACH, FLORIDA, AUTHORIZING THE
ADMINISTRATION AND THE CITY ATTORNEY TO INITIATE
NEGOTIATIONS WITH SOUTH BEACH HEIGHTS I, LLC, 500
ALTON ROAD VENTURES, LLC, 1220 SIXTH, LLC, AND KGM
EQUITIES, LLC (COLLECTIVELY, THE "DEVELOPER "); WHO
IS THE OWNER OF THE PROPERTY LOCATED AT 500, 630
AND 650 ALTON ROAD, 1220 6TH STREET, AND 659, 701, 703,
711, 721, 723, 727 AND 737 WEST AVENUE; IN ORDER TO
DRAFT A PROPOSED DEVELOPMENT AGREEMENT THAT
WOULD (1) PROVIDE THE CITY WITH PARK LAND, (3)
PROPOSE A SCHEDULE; AND (3) TO DELINEATE CERTAIN
DEVELOPMENT RIGHTS ATTRIBUTABLE TO THE
DEVELOPER AND THE CITY; FURTHER AUTHORIZING THE
REFERRAL OF A FINAL NEGOTIATED TERM SHEET TO BE
SENT TO THE FINANCE AND CITYWIDE PROJECTS
COMMITTEE; AND AUTHORIZING A REFERRAL TO THE
LAND USE AND DEVELOPMENT COMMITTEE OF
APPLICABLE DRAFT ORDINANCES TO EFFECTUATE THE
DEVELOPMENT.
WHEREAS, South Beach Heights I, LLC, 500 Alton Road Ventures, LLC, 1220 Sixth,
LLC, and KGM Equities, LLC (collectively, the "Developer ") are owners of the property located
at 500, 630 and 650 Alton Road, 1220 6th Street, and 659, 701, 703, 711, 721, 723, 727 and
737 West Avenue (collectively, the "Development Site "); and
WHEREAS, the City of Miami Beach (the "City ") holds a right -of -way dedication to a 50
foot wide right of way known as 6th Street, running from West Avenue to Alton Road (the "City
Parcel "); and
WHEREAS, Developer is the owner of the Development Site, which Development Site
fronts both sides of the City Parcel, to wit: 500 Alton Road, and 630 Alton Road, 650 Alton
Road, and 1220 6th Street; and
WHEREAS, the Developer intends to develop the Development Site with a mixed -use
residential and commercial development (the "Project ") pursuant to: (a) a Florida Statute
Chapter 163 development agreement to be negotiated between the City and the Developer (the
"Development Agreement "); (b) applicable final, non - appealable land use approvals to be
obtained by the Developer; and subject to and contingent upon the vacation of the City Parcel in
favor of Developer; and
WHEREAS, as part of the Development Agreement, the City may proceed with the
vacation of 6th Street between Alton Road and West Avenue; obtain from Developer a perpetual
non - revocable easement over the vacated area, and the construction of a City Park along West
Avenue and 6th Street; and
WHEREAS, the Mayor and City Commission authorize the City Manager, and the City
Attorney to commence negotiations of a development agreement, with respect to certain
vacations, dedications and development rights to be made and granted with respect to the
Development Site and Project, as well as the rights of the City relating to easements and a
constructed Park along 6th Street and West Avenue; and
WHEREAS, the Mayor and City Commission further authorize the City Manager to refer
the final term sheet to the Finance and Citywide Projects Committee (FCWPC); and
WHEREAS, notwithstanding the referral to FCWPC, the final term sheet, as well as the
Development Agreement will be brought before the City Commission for final approval; and
WHEREAS, the Mayor and City Commission additionally refer to the Land Use and
Development Committee of any applicable draft ordinances that would be needed to effectuate
the Development contemplated under the draft Term Sheet being sent to FCWPC.
NOW THEREFORE, BE IT DULY RESOLVED BY THE MAYOR AND CITY
COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that the Mayor and City
Commission hereby authorize the City Manager and the City Attorney to initiate negotiations
with South Beach Heights I, LLC, 500 Alton Road Ventures, LLC, 1220 Sixth, LLC, and KGM
Equities, LLC (collectively, the "Developer "); who is the owner of the property located at 500,
630 and 650 Alton Road, 1220 6th Street, and 659, 701, 703, 711, 721, 723, 727 and 737 West
Avenue; in order to draft a proposed term sheet and development agreement that would (1)
provide the City with park land along 6th Street and West Avenue, (3) propose a schedule for the
development agreement and construction; and (3) to delineate certain development rights
attributable to the Developer and to the City; to further authorize the referral of a final negotiated
term sheet to be sent to the Finance and Citywide Projects Committee; and to authorize a
referral to the Land Use and Development Committee of applicable draft ordinances to
effectuate the development.
PASSED and ADOPTED this 25th day of July, 2018.
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R ,fael E. r ranado, City clerk ..
Dan Gelber, Mayor
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& FOR EXECUTION
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City Attorney
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MIAMI BEACH
Resolutions
COMMISSION MEMORANDUM
TO: Honorable Mayor and Members of the City Commission
FROM: Raul J. Aguila, City Attorney
DATE: July 25, 2018
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SUBJECT: A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH,
FLORIDA, AUTHORIZING THE ADMINISTRATION AND THE CITY ATTORNEY TO INITIATE
NEGOTIATIONS WITH SOUTH BEACH HEIGHTS I, LLC, 500 ALTON ROAD VENTURES, LLC,
1220 SIXTH, LLC, AND KGM EQUITIES, LLC (COLLECTIVELY, THE "DEVELOPER "); WHO IS
THE OWNER OF THE PROPERTY LOCATED AT 500, 630 AND 650 ALTON ROAD, 1220 6TH
STREET, AND 659, 701, 703, 711, 721, 723, 727 AND 737 WEST AVENUE; IN ORDER TO DRAFT
A PROPOSED DEVELOPMENT AGREEMENT THAT WOULD (1) PROVIDE THE CITY WITH
PARK LAND, (3) PROPOSE A SCHEDULE; AND (3) TO DELINEATE CERTAIN DEVELOPMENT
RIGHTS ATTRIBUTABLE TO THE DEVELOPER AND THE CITY; FURTHER AUTHORIZING THE
REFERRAL OF A FINAL NEGOTIATED TERM SHEET TO BE SENT TO THE FINANCE AND
CITYWIDE PROJECTS COMMITTEE; AND AUTHORIZING A REFERRAL TO THE LAND USE
AND DEVELOPMENT COMMITTEE OF APPLICABLE DRAFT ORDINANCES TO EFFECTUATE
THE DEVELOPMENT.
ANALYSIS
Pursuant to the request of Mayor Dan Gelber, the attached Resolution is submitted for consideration by the City Commission.
Legislative Tracking,
Office of the City Attorney
Sponsor
Mayor Dan Gelber
ATTACHMENTS:
Description
o Resolution