C6C-Report- Finance And Citywide Projects Committee Meeting Of July 30 2014# MTAArIIBTACH
€ity of Miomi Beoch, ,l700 Conveniion Center Drive, Miomi Beoch, Florido 33.l39, www.miomibeochfl.gov
MEMORANDUM
Mayor Philip Levine and Members pf the City C
FRoM: Jimmy L. Morales, City Manager
DATE: September 10,2014
SUBJECT:REPORT OF THE FINANCE AN CITYWIDE PROJECTS COMMITTEE
MEETING ON JULY 30,2014
The agenda is as follows:
OLD BUSINESS
1. Discussion regarding Financial lmpact of the Proposed Roadway Closure
Applications for 87 Street and 87 Terrace Filed by 8701 Collins
Development
ACT!ON
A. The Committee recommended that 8701 Collins Development work with staff
to further develop a term sheet for the 87th Terrace Vacation that is agreeable
to be brought back to the September 10, 2014 Commission Meeting.
B. The Committee recommended staff move forward on negotiating a term sheet
with 8701 Collins Development for the Developer's purchase of the City
surface parking lot tocated at 226-87th Terrace, Miami Beach, F!., so that it can
be brought back to the September 10,2014 Gommission Meeting.
2. Discussion on increasing the Living Wage Rate in Accordance with the
options pursuant to the Ordinance 2010-3682
ACTION
The Committee recommended that the living wage rate paid to the employees of
City Contractors, be increased with the Cola set for unclassified employees for
FY14-15 of 3% which equates to an hourly rate with and without benefits of
11.62113.31 with an estimated Financial lmpact lor 2014-15 of $256,750.
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NEW BUSINESS
3. Discussion on the Proposed Terminal Island Residential Project
AGTION
The Commiftee recommended that the term sheet be further reviewed in the areas
of the appraisal, incorporate additional term of (i) unanimous consent in event of
change of use of property from industrial to other; no assignment of project to
another developer prior to Certificate of Use of project; parking needs; cost of City
facilities portion of project and new specifications of the building; no special
events. The item is moved to the September 10, 2014 Commission Meeting
Commission with no recommendation.
4. Discussion regarding the vacation of St. Patrick's campus (portion of North
Meridian Avenue between Barry and 39th Street)
ACTION
The Gommittee recommended that the City Commission approve the
vacation of the property and to have St. Patrick's work with staff to make
sure that there is no issue with City access to any Gity easement on
property to be vacated.
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