250-96 RDA
RESOLUTION NO.
250- 9 6
A RESOLUTION OF THE CHAIRMAN AND MEMBERS OF THE MIAMI
BEACH REDEVELOPMENT AGENCY AUTHORIZING AND DIRECTING
THE EXECUTIVE DIRECTOR TO PAY FEES NOT EXCEEDING
$2,055,000, WHICH FEES WILL BE DUE IN CONNECTION WITH THE
ISSUANCE OF PERMITS FOR THE DEVELOPMENT OF THE LOEWS
MIAMI BEACH HOTEL PROJECT AND THE PUBLIC PARKING
GARAGE PROJECT AT AND NEAR 16TH STREET BETWEEN COLLINS
AND WASHINGTON A VENUES.
WHEREAS, the Miami Beach Redevelopment Agency (the "Agency") has been in
negotiations with representatives of Loews Hotels Holding Corporation ("LHHC"), in connection
with the development, operation, furnishing and equipping of the Loews Miami Beach Hotel, to be
developed on public land at and near 16th Street, east of Collins Avenue, Miami Beach, Florida (the
"Hotel") and the development of a public parking garage at and near 16th Street between Collins and
Washington Avenues (the "Public Garage"); and
WHEREAS, the Agency and the City of Miami Beach, Florida (the "City") have earlier
today authorized and directed the Chairman and Secretary and the Mayor and City Clerk to execute
agreements with LHHC, pertaining to the Hotel and the Public Garage; and
WHEREAS, the Agency, the City and LHHC all would like to expedite the development
of the Hotel and the Public Garage; and
WHEREAS, the development of the Hotel cannot begin until certain fees are paid in order
to obtain permits; and
WHEREAS, the Agency would like to assist in expediting the development of the Hotel and
Public Garage by paying those fees that are due and listed on Exhibit "A," which exhibit is attached
hereto and incorporated herein, as well as other City and Metropolitan Dade County fees that are
due, in an amount not to exceed $2,055,000.
NOW, THEREFORE, BE IT DULY RESOLVED BY THE CHAIRMAN AND
MEMBERS OF THE MIAMI BEACH REDEVELOPMENT AGENCY as follows:
1. The Executive Director is authorized and directed to pay those fees that are due and
specified in Exhibit "A", which exhibit is attached hereto and incorporated herein, as well as other
City and Metropolitan Dade County fees that are due, in an amount not to exceed $2,055,000, to
facilitate the expeditious development of the Hotel and Public Garage, provided, however, that the
amount of fees that the Executive Director is authorized and directed to pay will be reduced by the
amount of those fees that are waived by Metropolitan Dade County.
2. This resolution shall take effect immediately upon its adoption.
PASSED AND ADOPTED this 17th day of July, 1996.
ATTEST:
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FORM APPROVED
REDEVELOPMENT AGENCY
GENERAL ~
By 1J1~ ,.
Date 7 lIP; ~
2
Hotel Project Related Permit Fees
City Fees:
Building Permit Fee
New Construction Fee
Trade Related Fees:
Mechanical
Plumbing
Electrical
Elevator
Water & Sewer Fee
Fire Fee
Zoning Fee
Miami Beach Training Fee
Certificate of Occupancy
General Proprietary Fee
Not to Exceed:
$1.000.000.00
County Fees:
Road Impact Fee
Water & Sewer Fee
Radon Fee
Code Compliance
Not to Exceed:
$1.005.000.00
16th Street Garage Project Related Fees:
City Fees:
-Waive- $ 00.00
County Fees:
Road Impact Fee (on retail only)
Water & Sewer Fee
Radon Fee
Code Compliance
Not to Exceed: $ 50.000.00
Exhibit "A"
Miami Beach
Redevelopment Agency
1700 Convention Center Drive
Miami Beach, Florida 33139
Telephone: (305) 673-7193
Fax: (305) 673-7772
REDEVELOPMENT AGENCY MEMORANDUM NO. 96-25
Date:
July 17, 1996
TO:
Chairman and Members of the Board
of the Miami Beach Redevelopment Agency
Jose Garcia-Pedrosa klI
Executive Director I~~~
A RESOLUTION OF THE CHAIRMAN AND MEMBERS OF THE MIAMI
BEACH REDEVELOPMENT AGENCY AUTHORIZING AND DIRECTING THE
EXECUTIVE DIRECTOR TO PAY FEES NOT EXCEEDING $2,055,000,
walCH FEES WILL BE DUE IN CONNECTION WITH THE ISSUANCE OF
PERMITS FOR THE DEVELOPMENT OF THE LOEWS MIAMI BEACH
HOTEL PROJECT AND THE PUBLIC PARKING GARAGE PROJECT AT
AND NEAR 16TH STREET BETWEEN COLLINS AND WASHINGTON
AVENUES.
FROM:
SUBJECT:
RECOMMENDATION:
It is recommended that the Agency Board approve the Resolution.
BACKGROUND:
The transactions involving the Loews Hotel project and the
transactions involving the Garage project require within the
documents that the Redevelopment Agency pay all relevant city and
County permit fees. This separate Resolution is required in order
to authorize the expenditures from the City Center/Historic
Convention Village budget.
ANALYSIS:
Attached is a listing of the relevant fees. It is estimated that
the City permit fees for the hotel will be approximately
$1,000,000. The garage is exempt as a public project. The County
fees will be approximately $1,005,000 for the hotel, and
approximately $50,000 for the garage.
In the hotel negotiations, near the end, there was an issue of
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July 17, 1996
cost overruns in the proj ect. Loews agreed to increase their
equity in the project if the city were able to waive City and
County fees on the project.
The Administration proposes that the Agency pay for the City fees
for the hotel rather than having the City waive them, in order to
minimize fiscal impacts on the General Fund.
With regard to the County fees for the hotel, the Agency would pay
the fees up front and would be reimbursed by Loews over a 30-year
period with interest.
Efforts that the City had made to get Dade County to waive the road
impact fees have been unsuccessful.
The fee estimates in this memo and Resolution are "not to exceed"
numbers, and will probably be lower. Until detailed calculations
are done by the developer and verified by the City's Building
Department and the County, these numbers are approximate and
estimated at this time.
CONCLUSION:
The RDA should approve the attached Resolution.
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