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2009-27092 ResoRESOLUTION NO. 2009-27092 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, APPROVING ON SECOND READING (AND FINAL APPROVAL), FOLLOWING A DULY NOTICED PUBLIC HEARING, AN ATM LEASE AGREEMENT BETWEEN THE CITY AND SUNTRUST BANK, FOR USE OF APPROXIMATELY SIXTEEN (16) SQUARE FEET OF CITY-OWNED PROPERTY, LOCATED AT 1700 CONVENTION CENTER DRIVE (A.K.A. CITY HALL), MIAMI BEACH, FLORIDA; SAID LEASE HAVING AN INITIAL TERM OF FIVE YEARS, WITH AN ADDITIONAL RENEWAL TERM OF FOUR (4) YEARS AND THREE HUNDRED SIXTY FOUR (364) DAYS, AT THE CITY'S SOLE DISCRETION; AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE THE LEASE AGREEMENT WHEREAS, on September 5, 2007 the City Commission adopted Resolution No. 2007-26614, accepting the City Manager's recommendation pertaining to the ranking of proposals pursuant to Request for Proposals (RFP) 37-06/07 for banking services, and further authorizing the Administration to enter into negotiations with top-ranked proposer, SunTrust Bank; and WHEREAS, the RFP required the winning bidder to install an ATM machine in City Hall, at no charge to the City; and WHEREAS, SunTrust and the City have negotiated a Lease Agreement having and initial term of five (5) years, with an additional renewal term, at the City's sole discretion, of four (4) years and three hundred sixty four (364) days; and WHEREAS, Section 82-39 of the Miami Beach City Code, governing the sale/lease of public property, requires a competitive bidding process, a Planning Department analysis, and an independent appraisal to determine the value of the leasehold interest, as well as two (2) readings of the proposed lease, with the second (and final) reading followed by an advertised public hearing to obtain citizen input; and WHEREAS, on May 13, 2009, pursuant to Resolution No. 2009-27074, the Mayor and City Commission approved the Lease Agreement on first reading; waived by 5/7cns vote, the appraisal requirement; and set the public hearing on June 3, 2009, for second reading and final approval of the Lease Agreement; and WHEREAS, said public hearing was held on June 3, 2009. 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 approve on second reading (and final approval), following a duly noticed public hearing, an ATM Lease Agreement between the City and SunTrust Bank for use of approximately sixteen (16) square feet of City-owned property, located at 1700 Convention Center Drive (a/k/a City Hall), Miami Beach, Florida for an initial term of five years, with an additional renewal term of four years and three hundred sixty four (364) days, at the City's sole discretion, and authorizing the Mayor and City Clerk to execute the Lease Agreement. PASSED and ADOPTED this 3rd day of June, 2009. ATTEST: QA. Robert Parcher, CITY CLERK Matti Herrera Bower, MAYOR JMG\HMFWPWCV\rlr APPFtONED AS TO FORM ~ LANGUAGE IJ~ FOR EXECUTION 5..i3--off F:\RHCD\$ALL\ECON\$ALLWSSET\SunTrust\SunTrust Lease Agreement2.RES.doc t ~ ~..-.------~ ~8t8 COMMISSION ITEM SUMMARY Condensed Title_ A resolution approving on second reading and following a duly noticed public hearing, a Lease Agreement between the City and SunTrust Bank, for approximately 16 SF located at in the lobby of 1700 Convention Center Drive. Key Intended Outcome Supported: Improve the City's overall financial health and maintain overall bond rating. Supporting Data (Surveys, Environmental Scan, etc.): 46% of residents and 55% of businesses ranked the City either excellent or good for the overall value of the City Services Issue• Should the Ci a rove the Lease A reement for an ATM Machine with SunTrust Bank? Item Summa SECOND READING 8~ PUBLIC HEARING In September 2007, the City passed Resolution 2007-26614 accepting the City Manager's recommendation pertaining to the ranking of proposals pursuant to RFP 37-06/07 for banking services. This resolution authorized the Administration to enter into negotiations with top-ranked proposer, SunTrust Bank. The RFP required the winning bidder to install in City Hall an ATM machine at no charge to the City. In addition, SunTrust's proposal stated that they were pleased to offer the City of Miami Beach a no-cost City Hall ATM for the convenience of the City's employees and residents. The SunTrust ATM machine will be located on the ground floor of City Hall located at 1700 Convention Center Drive. The term of this lease will be for five (5) years with the option of one additional term of four (4) years and three hundred sixty four (364) days. The lease rent will be $1.00 per lease year. This ATM machine will be accessible only during the time that City Hall is open for business. It will be accessible to all City employees, residents and all those who come to City Hall on a daily basis. On May 13, 2009, pursuant to Resolution No. 2009-27074, the Mayor and City Commission approved the Lease Agreement on first reading; waived by 5/7cns vote the appraisal requirement; and set the public hearing on June 3, 2009, for second reading and final approval of the Lease Agreement. The Administration recommends that the Mayor and City Commission hereby approve on second reading (and final approval), following a duly noticed public hearing, an ATM Lease Agreement between the City and SunTrust Bank for use of approximately sixteen (16) square feet ofCity-owned property, located at 1700 Convention Center Drive (a/k/a City Hall), Miami Beach, Florida for an initial term of five years, with an additional renewal term of four years and three hundred sixty four (364) days, at the City's sole discretion, and authorizing the Mayor and City Clerk to execute the Lease Agreement. Board Recommendation: Financial Information: Source of Amount Account Funds: n/a ~ Financial Impact Summary: Ci Clerk's Office Le islative Trackin Ana Cecilia Velasco extension 6727 Sign-Offs: ~.. Department Director .~.--^ s stant City Manager City Manager AP H JMG F:\RHCD\$ALL\ECON\$ALL\ASSET\SunTrust\Sun71~-st Lease Agreement~d Reading.SUM.doc ~~ E M I AM I B EAC H AGENDA DA E / ~ 3-~q m MIAMIBEACH City of Miami Beath, 1700 Convention Center Drive, Miami Beach, Florida 33139, www.miamibeachfl.gov COMMISSION MEMORANDUM To: Mayor Matti Herrera Bower and Members of the Cif Commission FROM: Jorge M. Gonzalez, City Man DATE: June 3, 2009 PUBLIC HEARING SUBJECT A RESOLUTION OF THE MAYtSR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, APPROVING ON SECOND READING (AND FINAL APPROVAL), FOLLOWING A DULY NOTICED PUBLIC HEARING, AN ATM LEASE AGREEMENT BETWEEN THE CITY AND SUNTRUST BANK, FOR USE OF APPROXIMATELY SIXTEEN (16) SQUARE FEET OF CITY-OWNED PROPERTY, LOCATED AT 1700 CONVENTION CENTER DRIVE (A.K.A. CITY HALL), MIAMI BEACH, FLORIDA; SAID LEASE HAVING AN INITIAL TERM OF FIVE YEARS, WITH AN ADDITIONAL RENEWAL TERM OF FOUR (4) YEARS AND THREE HUNDRED SIXTY FOUR (364) DAYS, AT THE CITY'S SOLE DISCRETION; AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE THE LEASE AGREEMENT ADMINISTRATION RECOMMENDATION Adopt the Resolution. KEY INTENDED OUTCOMES SUPPORTED Improve the City's overall financial health and maintain overall bond rating. BACKGROUND On September 5, 2007, the City passed Resolution 2007-26614 accepting the City Manager's recommendation pertaining to the ranking of proposals pursuant to RFP 37-06/07 for banking services. This resolution authorized the administration to enter into negotiations with top-ranked proposer, SunTrust Bank. The RFP required the winning bidder to install an ATM machine, in City Hall, at no charge to the City. Additionally, SunTrust's proposal stated that they were pleased to offer the City of Miami Beach a no-cost City Hall ATM for the convenience of the City's employees and residents. The SunTrust ATM machine will be located on the ground floor of City Hall located at 1700 Convention Center Drive. The term of this lease will be for five (5) years, with an additional renewal term, at the City's sole discretion, of four (4) years and three hundred and sixty four (364) days. The lease rent will be $1.00 per lease year. This ATM machine will be accessible only during the time that City Hall is open for business. It will be accessible to all City employees, residents and all those who come to City Hall on a daily basis. Section 82-39 of the Miami Beach City Code, governing the sale/lease of public property, requires a competitive bidding process, a Planning Department analysis, and an independent appraisal to determine the value of the leasehold interest, as well as two (2) readings of the proposed lease, with the second (and final) reading followed by an advertised public hearing to obtain citizen input. Additionally, Section 82-39 of the City Code further provides for the waiver of the competitive bidding and appraisal requirements, by 5/7ths vote of the Mayor and City Commission, for leases of City land, upon a finding by the Mayor and City Commission that the public interest would be served by waiving such conditions. On May 13, 2009, pursuant to Resolution No. 2009-27074, the Mayor and City Commission approved the Lease Agreement on first reading; waived by 5/7tns vote the appraisal requirement; and set the public hearing on June 3, 2009, for second reading and final approval of the Lease Agreement. CONCLUSION The Administration recommends that the Mayor and City Commission hereby approve on second reading (and final approval), following a duly noticed public hearing, an ATM Lease Agreement between the City and SunTrust Bank for use of approximately sixteen (16) square feet of City-owned property, located at 1700 Convention Center Drive (a/k/a City Hall), Miami Beach, Florida for an initial term of five years, with an additional renewal term of four years and three hundred sixty four (364) days, at the City's sole discretion, and authorizing the Mayor and City Clerk to execute the Lease Agreement. JMG\HF\Y~P\rlr F:\RHCD\$ALL\ECON\$ALL\ASSET\SunTrust\SunTrust Lease Agreement 2nd Reading.MEM.doc 2 m MIA^nIBEACH PANNING DEPARTMENT INTEROFFICE MEMORANDUM To: Anna Parekh, Real Estate, Housing & Comm. Development Director FROM: Jorge G. Gomez, Planning Director ~GL ~~ 3d~-~°~` DATE: May 13, 2009 SUB.IECT: Analysis of Proposed ATM Lease Agreement between the City and SunTrust Bank -City Hall, 1700 Convention Center Drive Pursuant to your request, this memorandum will serve as a planning analysis of the proposed ATM lease agreement between The City and SunTrust Bank, for use approximately 16 s.f. of City-owned space within City Hall at 1700 Convention Center Drive, said lease having an initial term of five (5) years. Section 82-38 of the Code of the City of Miami Beach requires that any proposed sale or lease of City-owned land be analyzed from a planning perspective so that the City Commission and the public are fully appraised of all conditions relating to the proposed sale or lease. The following is an analysis of the criteria delineated in the Code: Whether or not the proposed use is in keeping with city goals and objectives and conforms to the city comprehensive plan. Consistent -The subject property, 1700 Convention Center Drive, is currently used as the City of Miami Beach City Hall. The Future Land Use Map of the City's Comprehensive Plan designates the site as PF Public Facility. The Lease Agreement between the City and SunTrust Bank, for use of the space for an ATM would be consistent with the land use designation contained in the Comprehensive Plan. 2. The impact on adjacent property, including the potential positive or negative impacts such as diminution of open space, increased traffic, noise level or enhanced property values, improved development patterns and provision of necessary services. Based on the proposed use of the property, the city shall determine the potential impact of the project on city utilities and other infrastructure needs and the magnitude of costs associated with needed infrastructure improvements. Should it become apparent that further evaluation of traffic impact is needed, the proponent shall be responsible for obtaining a traffic impact analysis from a reputable traffic engineer. Consistent -The property subject to the lease is within City Hall. The property has been and is currently in use as a municipal government office building. There would be no diminution of open space as no new construction is being proposed. No additional utility or infrastructure is necessary. Proposed ATM Lease - SunTrust Bank 1700 Convention Center Drive May 13, 2009 Page 2 3. A determination as to whether or not the proposed use is in keeping with a public purpose and community needs, such as expanding the city's revenue base, creating jobs, creating a significant revenue stream, and improving the community's overall quality of life. Consistent -The ATM lease will generate an income stream for the City, and the ATM will provide convenient financial services for workers and citizens in City Hall and the surrounding area. It should become an asset to this area of the City. 4. Determination as to whether or not the development is in keeping with the surrounding neighborhood, will block views or create environmental intrusions, and evaluation of the design and aesthetic considerations of the project. Consistent - An ATM is a typical feature within public buildings, and should not create negative effects on the surrounding neighborhood. 5. The impact on adjacent properties, whether or not there is adequate parking, street and infrastructure needs. Consistent -There is no impact on adjacent properties. Parking is available nearby. No further infrastructure needs are anticipated. 6. A determination as to whether or not alternatives are available for the proposed disposition, including assembly of adjacent properties, and whether the project could be accomplished under a private ownership assembly. Consistent -This criterion is not applicable. 7. Within the constraints of public objectives, the department should examine financial issues such as job generation, providing housing opportunities, and the return to the city for its disposition of property. Consistent -The proposed ATM does not affect job creation. No housing opportunities are created by the proposed lease. 8. Such other issues as the Planning Department may deem appropriate in analysis of the proposed disposition. Planning Staff has not identified any further items. 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