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C4B-Ref- FCWPC - Purchase Air Rights For 6940 Abbott Ave For Future Parking GarE MIAMIBEACH Clty ol Mloml Beoch. 1700 Convention Center Drive, Miomi Beoch, Florido 33139, www.miomibeochfl.gov COMMISSION MEMORANDUM TO: Mayor Philip Levine and Members FROM: Jimmy L. Morales, City Manager DATE: September10,2014 i, SUBJECT: REFERRAL TO THE FINANCE UAND CITYWIDE PROJECTS COMMITTEE A DISCUSSION REGARDING POTENTIAL PURCHASE OF AIR RIGHTS FOR 6940 ABBOTT AVENUE FROM AT&T FOR FUTURE DEVELOPMENT OF A PARKING GARAGE IN THE NORTH BEACH TOWN CENTER. BACKGROUND AND ANALYSIS On December 10, 2008, the Mayor and City Commission adopted Resolution No. 2008-26960 approving the scope and authorizing the issuance of a Request for Letters of lnterest (RFLI) for the development of public parking to serve two neighborhoods in North Beach, said areas generally defined as the North Beach Town Center from 69 to 72 Street between Collins Avenue and lndian Creek Drive/Dickens Avenue, and the Collins Avenue Commercial District between 63 and 69 Street. The Finance and Citywide Projects Committee, at its November 18, 2008 meeting, authorized the Administration to once again approach City National Bank to explore a joint development agreement or a land swap for one of the preferred parking garage sites identified in the North Beach Town Center Plan (adopted July, 2007). ln addition, the Committee recommended that the Administration should issue a Request for Letters of lnterest to identify alternative sites and/or developers who may be interested in the construction of a parking garage project in the area bounded by 72 Street, Collins Avenue, 63 Street and lndian Creek Drive/Dickens Avenue. The Administration subsequently held numerous discussions with representatives from City National Bank and the real estate broker who represents the bank. The talks ended because City National was engaged in developing numerous new branch bank locations in new market areas and were not ready to consider development proposals for the 71 Street properties. BACKGROUND On July 11, 2007, Mayor and City Commission adopted Resolution No. 2007-26600, adopting the North Beach Town Center Plan as the official Neighborhood Plan for the area bounded by 73'd Street, the Atlantic Ocean, 69th Street and lndian Creek; and authorizing the Administration to prepare draft legislation and capital improvement projects, as appropriate, to promote implementation of the Plan. This was the culmination of a lengthy planning process that included the following steps: The concept for encouraging development of a "Town Cente/' for North Beach originated in a three-day charrette in July 2001, which included visioning sessions for the 71 Street commercial corridor and the 72no Street parking lot. The residents' priorities for a successful Town Center included a variety of cultural activities, outdoor gathering places and expanded retail offerings. Agenda ltem C{B oate ?-Oy'l43 Commission Memorandum September 10,2014 Finance and Citywide Projects Committee Referral - 6940 Abbott Avenue Page 2 of 4 ln a follow-up workshop in December 2003, participants strongly supported the idea of providing parking as an incentive to attract development to the Town Center. The City of Miami Beach Parking Study, completed by Walker Parking Associates, lnc. in 2004, identified a demand for up to 964 for additional parking spaces by 2008 and 1,312 spaces by 2013 in the North Beach Town Center area, and confirmed the feasibility of a city-owned parking structure on one of several alternative sites in the Town Center area. The highest ranking sites each included land owned by the City and land owned by City National Bank. Subsequently, the Administration and the consultant conducted further analysis of potential sites for a parking garage and added a site located at 6600 Collins Avenue, which is outside of the Town Center. lt is important to note that the City has retained Walking Parking Associates again to update the 2004 parking study and the City anticipates having the updated data in time for the Committee discussion. On June 8, 2005, the Mayor and City Commission accepted the report of the Finance and Citywide Projects Commission Committee concerning the Parking System Proposed Capital Budget, instructing the Administration to hold discussions with City National Bank to swap land for a parking structure in the North Beach Town Center. The Administration held several meetings with representatives from City National Bank, who expressed some limited interest in the project, but negotiations stalled. The Planning Department presented the 2007 update of the North Beach Town Center Plan at a community workshop on April 25, 2007 , attended by nearly 100 persons. On May 22,2007, the Planning Board held a public hearing and unanimously adopted a resolution recommending to the Mayor and City Commission that they adopt the North Beach Town Center Plan as the official Neighborhood Plan for the area bounded by 73'd Street, the Atlantic Ocean, 69th Street and lndian Creek; and that they authorize the Administration to prepare draft legislation and capital improvement projects as appropriate to promote implementation of the Plan. On June 11,2007, the Land Use and Development Committee held a public discussion of the North Beach Town Center Plan and voted 2-0 to recommend the Plan to the full Commission, with the understanding that any amendments to the Land Development Regulations will be reviewed by the Committee and the Commission prior to referral to the Planning Board. The Committee stipulated that proposed amendments to the parking regulations, intended to provide incentives for new private sector development in the Town Center, should be contingent on construction of sufficient public parking. Again in 2010, the City issued an RFLI seeking letters of interest for a mixed-use project with parking, retail and office space that would act as a catalyst for further redevelopment in North Beach. The City received eleven (11) responses to the RFLI and several were specifically for Town Center, but chose not to proceed with the RFLI. ANALYSIS As previously stated, the 2004 Walker Parking study identified a demand for up to 964 additional parking spaces by2008 and 1,312 spaces by 2013 in the North Beach Town Center area. Again, the Walker Parking Study is currently being updated, but it will be important for the City to seek opportunities to construct significant parking structures in this area. The best opportunities for such construction will be for the City to partner with property owners adjacent to existing City parking lots. Such partnership would provide sufficient space for parking We ore committed to providing excellent public service ond sofety to oll who live, work, ond ploy in our vibronf , tropicol, historic communtfy'. 44 Commission Memorandum September 10,2014 Finance and Citywide Projecb Committee Referral - 69t10 Abbott Avenue Page 3 of 4 structures given the area needs of such facilities and will allow retail or other activation of the ground floor. Such retail activation will insure an unobstructed visual experience for pedestrians and passing motorists. The highest likelihood for a partnership would be in the Town Center/71't Street Corridor area. The potential is high here as City National Bank owns a number of developable/redevelopable lots in this area, many of which are adjacent to existing city surface parking lots. lf and when these lots are sold, the buyer(s) will want to maximize the development potential of each lot. lf they can partner with the City to provide parking for their projects in a new parking structure rather than on-site, and if the City can realize a net gain in public parking spaces after accounting for additional need due to the new development, such partnerships will make sense and will most likely come to fruition. The City was recently approached by a representative of AT&T regarding their interest in selling the air rights to the property they own located at 6940 Abbot Avenue and staff has had preliminary discussions. AT&T has expressed an interest in working with the City to use/re-use of the subject property. Attached is a property detail report from the Property Appraiser's website. The lot size is approximately 25,000 square feet with a listed market value of $1,993,002, however an appraisal would need to be procured if directed to proceed with negotiations. This property is located between Abbott Avenue and Byron Avenue south of City Lot P-80 (lot adjacent to Prima Pasta) and City National Bank also owns seven (7) parcels adjacent to this property. lf the City were to proceed with AT&T, the following is a list of general requirements, subject to AT&T approval and prior to any negotiation between the City and AT&T: . 11,000 sq. ft. of office space containing bathrooms, lounge area, and inside storage.. t500 sq. ft. of outside storage.. Secured perimeter with a fence height of no less than 6' - 0".. 50 parking spaces (10' x 20').. lngress and egress from Abbott Avenue and Byron Avenue; likely to maintain one-way in and one-way out of the site as presently used.. Clear height above drive areas to be a minimum of 13'- 10" to permit company vehicles of various types.. Z4-hour access for deliveries to the facility by outside vendors having AT&T security access.. lce machine and water for the technicians.. Approved location for an above ground concrete pad mounted small Nitrogen tank. AT&T's future use cannot be changed, modified, curtailed, or hindered in any way to that which exists now.. AT&T's Service Operations Center (SOC) operation would have to be moved to a Temporary Location owned or controlled by the City of Miami Beach in close proximity to the Subject property in order to continue uninterrupted service to its customers.. A Term sheet would need to include language detailing the construction schedule (Time- ln/Time Out), conditions of the use of the Temporary Location, and restoration/construction of the SOC improvements to their original and/or agreed to condition before construction activities commenced.. The value of AT&T's property/air rights and sale price to the City would be established by MAI appraisal(s) as established and agreed to between the parties. We ore commiffed to providing excellent public service ond sofety to oll who live, work, ond ploy in our vibront, tropicol, historic community. 45 Commission Memorandum September 10,2014 Finance and Citywide Projects Committee Referral - 6940 Abbott Avenue Page 1 of 4 . The City of Miami Beach would be responsible for the cost of legal, hearings, variances, permits, surveys, and construction costs, related to the City's new project and costs to restore the SOC.. AT&T would have to approve the use contemplated by the City above the SOC.. Finally, AT&T would need to have a separate folio # and separate tax bill for the unencumbered ground floor area with little to no maintenance responsibilities for the construction contemplated above the SOC. CONGLUSION The Administration is seeking direction from the City Commission before proceeding with negotiations with AT&T and, therefore, recommends referral of this item to the Finance and Citywiflfrojects Committee for discussion and input. tffih JLM:KC#:MAS T:\AG EN DA\20 1 4\Septem beATCED\referral ATT nORTH bEACH IOT M E MO. docx We ore commilted to providing excellent public sewice ond sofety to oll who live, work, ond play in our vibront, tropicol, historic community 46 Property Search Application - Miami-Dade County Page 1 of5 ffi oFFlcE oFTHE PRoPEHTYAPPHAISER Detailed Report Property Information Folio:02-321'1-001-0590 Property Address:6940 ABBOTT AVE Owner SOUTHERN BELL TEL & TEL CO TAxADM oFFrcE /ntlr Mailing Address PO BOX7207 BEDMINSTER , NJ 07921 Primary Zone 39OO MULTI.FAMILY - 38-62 U/A Primary Land Use 9163 UTILITY : UTILITY Beds/Baths/Half 0t0t0 Floors Living Units 0 Actual Area Sq.Ft Living Area Sq.Ft Adjusted Area 1,733 Sq.Ft Lot Size 25,000 Sq.Ft Year Built 1967 Assessment lnformation Year 2014 2013 2012 Land Value $1,875,000 $1,212,500 $1 ,125,000 Building Value $74,184 $75,508 $87,405 XF Value $43,818 $44,597 _ _17,018 Market Value $1,993,002 $1,332,605 $1,269.453 Assessed Value $1,465,865 $1,332,605 $1,269,453 Benefits lnformation Benefit Type 2014 2013 2012 Non-Homestead Cap Assessment Reduction $527,137 Note: Not all benefits are applicable to all Taxable Values (i.e. County, School Board, City, Regional). The Office of the Property Appraiser is continually editing and updating the tax roll. This website may not reflect the most current information on re@rd. The property Appraiser and Miami-Dade County assumes no liability, see full disclaimer and User Agreement at http://www.miamidade.oov/info/disclaimer.aso Version: 201 3 Aerial Photography http ://www. miamidade. gov/propertysearch/081281201447 Page 2 of5*"#"fi ii'iti ffitfiE*pno pE HTy AppHAr s E H Generated On : 81281201t Property lnformation F olio; 02-321 1 -00 1 -0590 Property Address: 6940 ABBOTT AVE Roll Year 2014 Land, Building and Extra-Feature Details Land lnformation Land Use Muni Zone PA Zone Unit Type Units Calc Value GENERAL RM-1 3900 Square Ft.25,000.00 $'1,875,000 Building lnformation Building Number Sub Area Year Built Actual Sq.Ft.Living Sq.Ft.Adj Sq.Ft.Calc Value 1 1 't967 1,733 $74,184 Extra Features Description Year Built Units Calc Value Chain-link Fence 6-7 ft high 1973 50 $341 Paving - Asphalt 1 968 12,500 $'10,688 Concrete Louver Fence 1 968 350 $1,197 Cent A/C - Comm (Aprox 300 sqfl/Ton)1967 7.5 $6,300 Concrete Louver Fence 1 967 675 $2,268 Concrete Louver Fence 1 967 1,720 $5,779 Paving - Asphalt 1967 20,530 $17,245 The Office of the Property Appraiser is continually editing and updating the tax roll. This website may not reflect the most current information on record. The Property Appraiser and Miami-Dade County assumes no liability, see full disclaimer and User Agreement at htto://www.miamidade.oov/info/disclaimer.aso Version: hup : //www. miamidade. gov/propertysearch/08128t20t448 Page 3 of5""ffi'tiiiiliffitfiE' p R 0 pE RTy A p pHAr s E R Generated On : 81281201t Propefi lnformation Folio: 02-321 1 -001 -0590 Propefi Address: 6940 ABBOTT AVE Roll Year 2013 Land, Building and Extra-Feature Details Land !nformation Land Use Muni Zone PA Zone Unit Type Units Calc Value GENERAL RM-1 3900 Square Ft.25,000.00 $1.875.000 Building !nformation Building Number Sub Area Year Built Actual Sq.Ft.Living Sq.Ft.AdjSq.Ft.Calc Value 1 1 1967 1,733 $75,508 Extra Features Description Year Built Units Calc Value Chain-link Fence 6-7 ft high 1973 5C $341 Paving - Asphalt 1 968 12,50C $10,688 Concrete Louver Fence 1 968 35C $1,197 Cent A/C - Comm (Aprox 300 sqll/Ton)1 967 7.4 $6,300 Concrete Louver Fence 1 967 678 $2,268 Concrete Louver Fence 1 967 1,72C $5,779 Paving - Asphalt 1 967 20,530 $17,245 The Office of the Property Appraiser is mntinually editing and updating the tax roll. This website may not reflect the most current information on record. The Property Appraiser and Miami-Dade County assumes no liability, see full disclaimer and User Agreement at htto:/ ,vww.miamidade.oov/info/disclaimer.asp Version: http : //www. miamidade. gov/propertysearch/08128120t449 ""ffi"tii'iili ffitfiE'pno pE HTy AppHArs E fi- 4'r5 Generated On : 81281201, Property lnformation Folio: 02-321 1 -001 -0590 Property Address: 6940ABBOTTAVE Roll Year 2012 Land, Building and Extra-Feature Details Land lnformation Land Use Muni Zone PA Zone Unit Type Units Calc Value GENERAL RM-1 3900 Square Ft.25,000.00 $1,875,000 Building lnformation Building Number Sub Area Year Built Actual Sq.Ft Living Sq.Ft.AdjSq.Ft.Calc Value ,| 1 1 967 1,733 $87,405 Extra Features Description Year Built Units Calc Value Chain-link Fence 6-7 ft high 1 973 50 $435 Paving - Asphalt 1 968 12,500 $13,875 Concrete Louver Fence 1 968 350 $1,554 Concrete Louver Fence 1 967 675 $2,957 Concrete Louver Fence 1 967 1,720 $7,534 Cent A/C - Comm (Aprox 300 sqfl:/Ton)1 967 7.5 $8,213 Paving - Asphalt 1 967 20,530 $22,480 The Office of the Property Appraiser is continually editing and updating the tax roll. This website may not reflect the most current information on record. The Property Appraiser and Miami-Dade County assumes no liability, see full disclaimer and User Agreement at htto:/ ^/ww.miamidade.oov/info/disclaimer.asp Version: hup : //www.miamidade. gov/property searclv 08128t201450 ""ffi' tl ii'iili riF'tfi E' p R 0 p E HTy A p pH A r s E R" 5'r 5 Generated On : 81281201, Property !nformation F olio: O2-32'l 1 -00 1 -0590 Propefi Address: 6940ABBOTTAVE Full LegalDescription ATLANTIC HGTS PB 9-14 LOTS 1-2-1 1 & 12 BLK H LOT S|ZE 200.000 X 125 The Office of the Prope(y Appraiser is continually editing and updating the tax roll. This website may not reflect the most current information on re@rd. 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