170-94 RDA
RESOLUTION NUMBER
1 70- 9 4
A RESOLUTION OF THE CHAIRMAN AND MEMBERS OF
THE MIAMI BEACH REDEVELOPMENT AGENCY
RATIFYING THE CITY COMMISSION RANKING OF
HOTEL DEVELOPERS AND AUTHORIZING THE
COMMENCEMENT OF NEGOTIATIONS
WHEREAS, in December, 1989, the City of Miami Beach created a Hotel
Task Force to coordinate and evaluate means of attracting new hotel
development to the City; and
WHEREAS, the Hotel Task Force subsequently recommended the hiring
of Laventhol and Horvath to prepare a study, completed in March,
1990, which substanitated the need for at least 1,000 new hotel
rooms; and
WHEREAS, recognizing limited financial resources at its disposal
and no publicly owned land suitable for hotel development, the City
Administration and the Hotel Task Force began to evaluate creative
financial mechanisms used successfully by other cities to attract
hotel development; and
WHEREAS, in April, 1992, the City began the process of establishing
boundaries and drafting an implementation strategy plan for what
was to become the City Center/Historic Convention Village
Redevelopment and Revitalization Area, which was officially
established by the Metro-Dade County Commissioners in March, 1993;
and
WHEREAS, a professional services agreement with Arthur Andersen and
Company to assist in preparing the Request for Proposals (RFP) was
entered into and Bear Stearns and Company was selected as financial
advisors in July 13, 1993; and
WHEREAS, the formal RFP entitled "Convention Hotel Opportunities,
Miami Beach, Florida" was issued in November, 1993; and
WHEREAS, the City of Miami Beach received eight proposals in
response to the RFP which were subsequently reviewed by the City's
Legal Department and advisors; and
WHEREAS, the City established a diversified Hotel Proposal
Selection Committee in June, 1994, and presentations were made on
June 28 and June 29, 1994 to this Committee; and
WHEREAS,
was held
evaluate
American
a Workshop was held on July 19, 1994 and a Public Hearing
on July 21, 1994 for the City Commission to review and
the three top ranked theater proposals and the African-
proposal; and
WHEREAS, at the
Commission ranked
African-American
negotiations with
proposer, leading
conclusion of the Public Hearing the CIty
the three development teams and approved the
proposal and authorized the commencement of
the top ranked proposer and the African-American
to the execution of a development agreement.
NOW, THEREFORE, BE IT RESOLVED by the Chairman and Members of the
Board of the Redevelopment Agency that the Agency Board ratifies
the City Commission ranking of hotel developers and the approval of
the African-American proposer and authorizes the commencement of
negotiations.
PASSED AND ADOPTED
fORM APPROVED
REDEVELOPMENT AGENCY
GENERAL COUNSEL
By ~CA)
Date 7- 2.2-<;'-1
ATTEST:
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(~LvL . ~~.
Miami Beach
Redevelopment Agency
1700 Convention Center Drive
Miami Beach, Florida 33139
Telephone: (305) 673-7193
Fax: (305) 673-7772
REDEVELOPMENT AGENCY MEMORANDUM NO. 94-26
July 27, 1994
TO:
Chairman and Members
of the Redevelopment
Board
FROM: Roger M. Carlton
Executive Director
SUBJECT: CONSIDERATION OF HOTEL DEVELOPMENT PROPOSALS,
RATIFICATION OF CITY COMMISSION RANKING, AND
AUTHORIZATION TO BEGIN NEGOTIATIONS
RECOMMENDATION
It is recommended that the Agency Board ratify the actions of the
City Commission taken on July 21, 1994, ranking the hotel
development proposals for the Convention Hotel and authorizing the
Administration "to enter into negotiations with the number one
ranked firm and also to enter into negotiations with the African-
American firm, HCF, for the African-American setaside. In taking
this action, the Agency confirms that they have considered the
written and verbal submissions of the hotel proposal teams
(including clarifications), a financial report from Arthur Andersen
and Bear Stearns, the recommendations of the Hotel Selection
Committee and the input from all concerned parties during the
Public Hearing in order to make a ranking decision on the preferred
development team(s) for the convention hotel as well as a
"pass/fail" decision for the African-American hotel proposal.
BACKGROUND
A Workshop on July 19, 1994, and a Public Hearing on July 21, 1994,
have been held for the City Commission and Agency to review and
evaluate the top three ranked hotel proposals for the Redevelopment
Agency-owned site and the one African-American proposal involving
the Royal Palm and Shorecrest Hotels, as recommended by the
Selection Committee.
ANALYSIS
At the end of the Public Hearing the City Commission ranked the
development teams as follows:
(1) Loews/Forest City Ratner
(2) Peabody/Belz
(3) Hyatt/Plaza Development
The Commission approved moving ahead with negotiations with the
number one ranked firm and with the African-American firm. The
Commission also requested that the Administration begin the process
to hire a negotiator and to structure a negotiating team. The
Agency Board needs to ratify the above decisions.
CONCLUSION
The Agency Board
Commission.
is requested to ratify the actions of the City
1.
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