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148-93 RDA ResoRESOLIITION NO. 148-93 A RESOLIITION OF THE CHAIRMAN AND MEMBERS OF T8E MIAMI BEACH REDEVELOPMENT AGENCY AIITHORISING THE BSECIITIVE DIRECTOR AND GENERAL COIINSEL TO CONTINQE KITH NEGOTIATIONS FOR A SECOND AMENDMENT TO MARINA LEA88 AGREEMENT, AND AIITHORISING A THIRD EBTENSION TO THE FIRST AMENDMENT TO MARINA LEASE AGREEMENT FOR A PERIOD NOT TO EBCESD TWENTY-ONE (22) DAYS, SAID PERIOD COMMENCING ON DECEMBBR 16, 1993, AND ENDING ON JANIIARY 6, 1994. WHEREAS, on June 24, 1983, the City entered into a Lease Agreement with Garner-Mason Associates ("Garner-Mason"), for the purpose of leasing land for the construction and development of the Miami Beach Marina (the "Marina Lease"); and WHEREAS, pursuant to a foreclosure of a mortgage on the Marina Lease, Tallahassee Building Corporation ("Lessee") acquired the interest in the Marina Lease previously owned by Garner-Mason; and WHEREAS, on October 23, 1991, the City and Lessee entered into a First Amendment to Marina Lease Agreement (the "First Amendment"), agreeing to modify certain terms and conditions of the Marina Lease; and WHEREAS, pursuant to the First Amendment, on or before the date which is two years after the date of execution of the First Amendment (or October 23, 1993) or within thirty days after receipt of all necessary permits for the construction of the Dry Stack Facility for the Miami Beach Marina, the Lessee must elect to either terminate the Marina Lease or proceed with its plans, as required by the First Amendment, to complete the final design and permitting, as well as construction of, the Dry Stack Facility (the "Second Election Date"); and WHEREAS, Lessee has been proceeding over the last year in obtaining the necessary approvals to construct the aforestated Dry - Stack Facility; and WHEREAS, Lessee's proposal for the Dry Stack Facility has been met with great concerns on the part of the Miami Beach Housing Authority which, when combined with other significant economic factors, has prompted Lessee to explore with the City the possibility of foregoing its right to build the Dry Stack Facility, as currently required by the Marina Lease if the long term parking needs of the Marina can be met on the Dry Stack site and the Marina uplands; and WHEREAS, pursuant to the terms of the First Amendment, the City is also required to provide up to 1,000 parking spaces and a pedestrian overpass for the Miami Beach Marina needs, upon the development of the Marina uplands, and this requirement, while previously negotiated as part of the First Amendment is, in light of the currently critical parking situation within the City, proving to be a burden and hardship for the City; and WHERBAB, the Administration and City Attorney's office have determined that the aforestated issue should be presently addressed with the Lessee, and that a Second Amendment to the Marina Lease Agreement be negotiated to adequately resolve same; and WHEREAS, in order to provide the Administration and City Attorney's Office with sufficient time within which to meet with the Lessee and negotiate mutually agreeable terms and conditions for a second amendment to the Marina Lease Agreement, the Mayor and City Commission previously approved extensions to the First Amendment to the Marina Lease; and WHEREAS, in order to provide the Administration and City Attorney's Office with additional time to continue negotiating a Second Amendment to the Marina Lease Agreement, a third extension would be necessary, such extension commencing on December 16, 1993 and continuing for a period not to exceed twenty-two (22) days, and ending on January 6, 1994; and WHEREAS, during the aforestated additional eight (8) day extension period, all terms and conditions of the Marina Lease and First Amendment will remain in full force and effect, provided that all parties thereto will be excused and released from any default, either implied or expressed, under both agreements, as the result of any delays in all matters related to the construction of the Dry Stack facility during the aforestated negotiating period. NOW THEREFORE, BE IT DOLY RESOLVED BY THE CHAIRMAN AND MEMBERS OF THE MIAMI BEACH REDEVELOPMENT AGENCY, that the Agency hereby authorizes the Executive Director and the General Counsel to 2 continue with negotiations for a Second Amendment to Marina Lease Agreement, and further authorize a third extension to the First Amendment to Marina Lease Agreement for a period not to exceed twenty-two (22) days, said period commencing on December 16, 1993, and ending on January 6, 1994. PASSED and ADOPTED this 1993. ATTEST: ECRETARY c:\wp51\1d\mar2amdex.RDA FORM APPRQVED REDEVELOPMENT AGENCY GENERAL COUNSEL By _ .~ L 9 Oate 12- \ a- S~ 3 Miami Beach Redevelopment Agency 1700 Convention Center Drive Miami Beach, Florida 33139 Telephone: (305) 673-7193 Fax: (305) 673-7772 REDEPELOPMBNT AGENCY l[EI~tORANDIII[ NO. 93-39 DECEMBER 15, 1993 TOs CHAIRMAN AND KEI~HERB OF THE HOARD OF THE REDEVELOPMENT AQENCY, LADRENCE FEINaOLD '' / FROM: ~ - ~ />~ CITY ATTORNEY ~ ~.Cl~ ~-+-~~ ~-v~ ""'~ `~~~ i RE: MZAMI HBACH MARINA DRY-8TAC1C ELECTION DATE As the Commission is aware, prior extensions to the "Election Date" under which the Marina Lessee had to decide whether or not to commit to the construction of the Dry-Stack Facility were approved. The attached resolution extends up through and including the date of January 6, 1994 for this Election to occur due to our on-going negotiations with the Marina Lessee regarding the construction of the Dry Stack and the provision of parking spaces required to be furnished under the Lease. It is recommended that the extension up through and including January 6, 1994 be approved. LF:jm Attachment c:\wp51\id~nibmetec.~ SUUTH pO1NTE 1?e+develoament District CITE' CENTEI? I~edeveioament District 1