Loading...
R7L-Negotiate With ATT For The Potential Purchase Of Air Rights For 6940 AbbottCOMMISSION ITEM SUMMARY Condensed Title: A Resolution Accepting The Recommendations Of The Finance And Citywide Projects Committee To Schedule A North Beach Revitalization Plan City Commlssion Workshop And, Further Directing The Administration To Begin Negotiations With At&T For The Potential Purchase Of Air Rights For 6940 Abbott Avenue From At&T For Future Development Of A Parking Garage ln The North Beach Town Center. lntended Outcome Su Complete A Community Consensus Cohesive Master Plan For The North Beach Neighborhood Supporting Data (Surveys, Environmental Scan, etc.) N/A Item Summary/Recommendation : The City was recently approached by a representative of AT&T regarding their interest in selling the air righta 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 an assessed value of $1,465,865 and listed market value of $1,993,002. This property is located between Abbott Avenue and Byron Avenue north 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, AT&T has a list of general requirements, which are included in the attached memorandum. The Finance and Citywide Projects Committee met on September 24, 2014 and discussed this item. The Committee recommended the Administration schedule a North Beach Revitalization Plan Commission Workshop and, further directing the administration to begin negotiations with AT&T for the 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. The Administration recommends the City Commission adopt the attached Resolution as recommended by the Finance and Committee The Finance and Citywide Projects Committee met on September 24, 2014 and discussed this item. The Committee recommended the Administration schedule a North Beach Revitalization Plan Commission Workshop and, further directing the administration to begin negotiations with AT&T for the 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. Financial lnformation: Financial Impact Summary: Max Sklar, ext. 6116 AGENDA mem EJ L o^rE lo-L?-lqE MIAMIBEACH 518 b MIAMIBEACH Cfi ol Mloml Beqch, 1700 Convenlion Cenler Drive, Miomi Beoch, Florido 33139, www.miomibeochfl.gov MMISSION MEMORANDUM To: Mayor Philip Levine and Members FROM: Jimmy L. Morales, City Manager DATE: October 22,2014 ':*T SUBJECT: A RESOLUTION OF THE MAYdR AND CITY COMMISSION OF THE CITY OF MIAM! BEACH, FLORIDA, ACCEPTING THE RECOMMENDATIONS OF THE FINANCE AND CITYWIDE PROJECTS COMMITTEE TO SCHEDULE A NORTH BEAGH REVITALIZATION PLAN CITY COMMISSION WORKSHOP AND, FURTHER DIRECTING THE ADMINISTRATION TO BEGIN NEGOTIATIONS WITH AT&T FOR THE POTENTIAL PURCHASE OF AIR RIGHTS FOR 6940 ABBOTT AVENUE FROM AT&T FOR FUTURE DEVELOPMENT OF A PARKING GARAGE tN THE NORTH BEACH TOWN CENTER. BACKGROUND 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, 2OO8 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 becausi 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. On July 11, 2007, Mayor and City Commission adopted Resolution No. 2007-26000, 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 ereek; and authorizing the Administrationto 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 Center" for North Beach originated in a three-day charrette in July 2001, which included visioning sessions for the 71 Streetiommercial 519 Commission Memorandum October 22, 2014 Accepting Finance and Citywide Projects Committee Recommendation 6940 Abbott Avenue and North Beach Workship Page 2 of 4 corridor and the 72nd Street parking lot. The residents' priorities for a successful Town Center included a variety of cultural activities, outdoor gathering places and expanded retail offerings. 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 (1 1) 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 g64 for additional parking spaces by2008 and 1,312 spaces by2013 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 We are commitled to providinq excellent public servjce ond sofe\ lo oll who iive work ond ploy in our vibronf . fropical hisloric communif/ 520 Commission Memorandum October 22, 2014 Accepting Finance and Citywide Projects Committee Recommendation 6940 Abbott Avenue and North Beach Workship Page 3 of 4 opportunities for such construction will be for the City to partner with property owners adjacentto existing City parking lots. Such partnership would provide sufficient space for parking 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/71st 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 sellingthe 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-useof 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 an assessed vaiue of $i,+OS,AOSand listed market value of $1,993,002. This property is located between Abbott Avenue and Byron Avenue north 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: . t1,000 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 presenily used.. Clear height above drive areas to be a minimum of 13,- of various types. 10" to permit company vehicles . 24-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 originai 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 commitled to providing excellenl public servrce ond sofety to oll who live work. and ploy in our vibrant tropicol . historic communil,/ 521 Commission Memorandum October 22,2014 Accepting Finance and Citywide Projects Commiltee Recommendation 6940 Abbott Avenue and North Beach Workship Page 4 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. Construction costs for a garage are estimated at $27,000 per parking space for traditionalparking without land costs. There is a possibility for cost sharing in any of the potential scenarios. Total estimated cost for a 500 space garage is $13.5 million. FINANCE AND CITYWIDE PROJECTS COMMITTEE The Finance and Citywide Projects Committee met on September 24, 2014 and discussed thisitem. The Committee recommended the Administration schedule a North Beach Revitalization Plan Commission Workshop and, further directing the administration to begin negotiations with AT&T for the potential purchase of air rights for 6940 Abbott Avenue trom nfaf for future development of a parking garage in the north beach town center. CONCLUS!ON The Administration recommends the City Commission adopt the attached Resolution as recon/Tended by the Finance and Citywide projects Committee. lr-rra:rtrEp:uns T:\AGENDA\2014\Oclober\TCED\Accpt FCWPC Recomm ATT Lot and North Beach Workshop MEMO.docx We ore commilted to providing excellenl public service ond sofenT n oll who live, work, and ploy in t:ur vibronl tropicol htstortc community 522 Property Search Application - Miami-Dade County ffioFFt GE OF THE PHOPERTY APPRAISEH etailed Report Property lntormauon Follo:c2-321 1-001-0590 Propcrty Addrcrs:6940 ABBOTT AVE Orvner SOUTHERN BELL TEL & TEL CO rN(ADMoFFTcE ,/ltb< Irlalllng Addrese PO BOX 7207 EEDMINSTER, NJ 07921 Prlmary Zone 39OO MULTI.FAMILY - 38{2 U/A Prlmery Land tJse 9163 UTILITY: UTILIW Bcds/Baths/Half l/0/0 Floors 1 Llvlng Unltr Ac{uel Area iq.Ft Livlng Aroa 3q.Ft ldlBtod Area 1,733 Sq.Ft -ot Slzo 25,000 Sq.Ft fear Bullt r967 Arsessment lnformatlon Year 2014 20't 3 2012 L.nd Value $1,875,00C $1.212.500 $1,125,000 Bulldlng Value $74,184 $75,s08 $87,405 XFValr $43,E18 $44,597 t57,048 tartct Value $1,993,002 $1,332,60!s1,269,4tr1 Arscrs.d Valu€$1,'165,865 $1,332,60f s1,269,453 BsnenE lnformadon Bcncfit Type 2014 2013 2012 ]{on+lomestead Cap Ass6ssment Reduction i527,137 Nolc: l,lot all benefits are applicable to allTaxable Values (i.e. County, School Board, City, Regional). Th! Ofi6 of thc Prcperty Appraiser is continually editing and updatng 0ra tax roll. This weUgte rnay not reiecl the most qrnsnt lnfDrmatlon on rq69rd. Tt.. propcrty Appraisor and Miami-Dade County &sumes no ll.bility, s€e full di6dalmer and User Agreement at hto:rwww.miamidade,oorinb/disdaifirer.aso Vrrsion: Page 1 of5 Gcneratcd On:.A28P01t 'ry:.r.l;fr,tJ 2013 Aertat Photography ;il--l F.-. http : //www. miamidade. gov/property search/08128t20t4 523 fi# OFFICE OF THE PROPERTY APPRAISER Page 2 of 5 Gene.ated On'. 8f28t201 t Prop€rty lnformatlon Follo: 02-321't-001 -0590 PropcrtyAddrsgs: 6940ABBOTTAVE The Ofice orthe Prop€tty Appraiser is continually ediling and updating the tax mll. This website may not ref,ecl fre rnost qrrrent in ormation on record. Tho property Appra,scr and Miarni-Dade Conty assumes no lialifity, sea full disclaimer and User Aoreement d htio:r^fi,w.miamidade.oo\rnnb/disclaimer.aso Version: Roll Year 2014 Land, Building and Extra-Feature Details lnformaUon -rnd Usc Muni Zone PAZone Unit Type Units Calc Value 3ENERAL RM.I 3900 SquaE Ft.2s,000.00 $1,875.000 lnformaton Building Number Sub Area Ycar Built Acbal Sg.Ft LivirB Sq.Ft.Adj sq.Ft Calc Value I 1 ,957 t.733 $74,18'l E:rbe Featurcs Description Year Built Unitr Calc Value Chain{ink Fence 6-7 lt high 1973 50 $341 Pavlng - Asphalt 1 968 12,s00 $r0,68E Concrctc Louvcr Fenca 1 968 350 3r.197 CcntA/C - Comm (Aprox 300 sqfi/Ton)1 967 7.5 s6.300 Concrcte Louver Fence '1967 675 s2,268 Conctete Louvcr Fence 1967 1,720 $5,779 Paving - Asphalt 't967 20,530 $'17,24s http ://www.miamidade. gov/propertysearch/08128n0t4 524 Prope[LSearch Application - Miami-Dade County page 3 of 5 ffi 0FFlcE 0F THE PR0PERTY APPRATSER Generaled On : 8ngl20't. Propefi lnlormatlon Follo: 02-321'l -00'l -0590 Propery Addrrsr: 6940ABBOTTAVE Thc Offe of tlc Property Appraiscr i! conlinualv editing and updaling the tax roll. This webgita may not reffcc't th€ mo€t qjncnl information on re@rd. Tha property Appraiser and Miami-Oade County alsum63 no liability, see full disdaimer and Us€I Agreemont at htp:/Art \,rv.mbmidade.oov/inic/dEclaimer.a8p Version: Roll Year 2013 Land, Building and Extra-Feature Details [-and lnformatlon Land Usc Muni Zone PA Zonc Unit Typc Unib Calc Value GENERAL RM.1 3900 Square Ft.25,(x)0.00 E1,875,000 lnformalion Building Number Sub Area Year Built Adual Sq.Ft.LivinE Sq.Ft.AdjSq.Ft.CalcValue I 1 1967 1.733 s75,508 Featurgs Descrlption Year Built UnG CalcValue Chaln-link Fenc€ G7 tt high 1973 50 33i11 Paving - Asphalt 1968 12.500 $10.688 Concrete Louvor Fsnce 1968 350 sl,197 Cent A/C - Comm (Aprox 300 sqfuTon)1967 7.5 $6,300 Doncreto Louvcr F6n@ 1 967 675 92,268 Concrstc Lower Fencg 1967 1,720 t5,779 Paving - Asphalt 1967 20,530 j17,245 htp : //www.miamidade. gov/property search/08128D014 525 Prop,gfl..Search Application - Miami-Dade County Page 4 of 5 ffi 0FFlcE 0F THE PBoPERTY APPRATSER @nerat€d On:El28l2O1t Prooeilv Information Follo: 02-321 1 -001 -0590 Property Addrocs: 6940 ABBOTT AVE Roll Year 2012 Land, Building and Extra-Feature Details Land lnfoma0on Land Use Muni Zonc PA Zone Unit Typc UniE CalcValue GENERAL RM.'3900 Squarc Ft.25,000.0(s1,875,m0 Bulldlng lnlormatlon Building Number Sub Arua Ycar Built Actual Sq.Ft Living Sq.Ft.AdjSq.Fi.CalcValuc I 1 1967 1,733 s87,405 Extra Featureg Descridion Year Built Unih CalcValue ChainJink Fence 67 fl high 1973 5C t43s Paving - Asphalt 1968 12,50C tr3.875 Conoetc Louver Fence 1 968 35C sl,554 Concroto Louver Fence 1967 675 32.957 Concrete Louwr Fence 1967 1,72C 87.534 3entArC - Comm (Aprox 300 sqfi/Ton)'1967 7.5 38.213 Paving - Lsp631 1967 20,53C 822,180 The Oflice of the Property Apprais€r is continually edfing and updating the tax roll. This webdte may not rellect thB m6t qrrent inbrmation on record. The propedy Appraiser antt Mbmi-Dade County assumes no liability, see full diBcleimer and User Aoreemert at Vcrsion: http : //www. mi amidade. gov/propertysearct/08128D014 526 Property lnformatlon Folio: 02-321 1-001-0590 Propcrty Addrpcc: 6940 ABBOTT AVE Lcgel Deacrlption ,TIINTIC HGTS PB 9.,14 1-2-11 &12BLKH stzE 200.000 x 125 http://www.miamidade. gov/propertysearch./08t28t2014 Page 5 of 5*ffi"6iriil8 rii' irii'pno pE RTy Ap pnArs E H Generated On:Enf,/20l. Tho Ofica of the Property Appraisar is oonlinually oditirE and updating the t8x rdl. This wabsib rmy not ruflGc{ the moEt orrrent intormsfion on r6cord. The properry Appraiss ard Miami-Dadc Coun! assumes no liebility, sGo frjl disdaimer and User Agreenrent at Vcrsion: 527 RESOLUTION NO. A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ACCEPTING THE SEPTEMBER 24, 2014 RECOMMENDATIONS OF THE FINANCE AND CITYWIDE PROJECTS COMMITTEE TO SCHEDULE A NORTH BEACH REVITALIZATION PLAN GITY COMMISSION WORKSHOP, AND FURTHER DIRECTING THE ADMINISTRATION TO BEGIN NEGOTIATIONS WITH AT&T FOR THE POTENTIAL PURCHASE OF AlR RIGHTS FOR 6940 ABBOTT AVENUE FROM AT&T FOR FUTURE DEVELOPMENT OF A PARKING GARAGE tN THE NORTH BEACH TOWN CENTER. WHEREAS, 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't Street commercial corridor and the 72nd Street parking lot; and, WHEREAS, the residents' priorities for a successful Town Center included a variety of cultural activities, outdoor gathering places, and expanded retail offerings; and, WHEREAS, in 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; and WHEREAS, the City of Miami Beach Parking Study, completed by Walker Parking Associates, lnc. in 2004, identified a demand of up to 964 additional parking spaces by 2008 and 1,312 spaces by2013 in the North Beach Town Centerarea, and confirmed thefeasibility 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; and WHEREAS, 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; and WHEREAS, 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; and, WHEREAS, 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 73rd 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; and 528 WHEREAS, 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; and WHEREAS, on July 11,2007, the Mayor and City Commission adopted Resolution No. 2007-26600, adopting the North Beach Town Center Plan ("Plan") as the official Neighborhood Plan for the area bounded by 73rd 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; and WHEREAS, the Finance and Citywide Projects Committee, at its November 18, 2008 meeting, authorized the Administration to 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 Plan. ln addition, the Committee recommended that the Administration 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 72nd Street, Collins Avenue, 63rd Street and lndian Creek Drive/Dickens Avenue; and WHEREAS, 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 gener,ally defined as the North Beach Town Center from 69th lo 72nd Street between Collins Avenue and lndian Creek Drive/Dickens Avenue, and the Collins Avenue Commercial District between 63rd and 69th Street; and WHEREAS, 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 Bank was engaged in developing numerous new branch bank locations in new market areas and was not ready to consider development proposals for the 71't Street properties; and WHEREAS, 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; and, WHEREAS, The City received eleven (11) responses to the RFLI and several were specifically for Town Center, but chose not to proceed with the RFLI; and WHEREAS, the City was recently approached by a representative of AT&T regarding its 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. WHEREAS, the lot size of the property is approximately 25,000 square feet with an assessed value of $1,465,865 and listed market value of $1,993,002; it is located between 529 Abbott Avenue and Byron Avenue north of City Lot P-80 (lot adjacent to Prima Pasta) and City National Bank also owns seven (7) parcels adjacent to this property; and WHEREAS, lf the City were to proceed with discussions with AT&T, AT&T has a list of general requirements delineated in the attached Commission Memorandum; and WHEREAS, the Finance and Citywide Piojects Committee met on September 24,2014 and discussed this item and recommended that the Administration schedule a North Beach Revitalization PIan Commission Workshop, and further directed the Administration to begin negotiations with AT&T for the 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; and WHEREAS, the Administration recommends that the City Commission adopt the recommendations of the Finance and Citywide Projects Committee at its September 24,2014 meeting. NOW, THEREFORE, BE IT DULY RESOLVED BY THE MAYOR AND CITY COMMTSSION OF THE CITY OF MIAM! BEACH, FLORIDA, that the Mayor and City Commission hereby accept the September 24, 2Q14 recommendations of the Finance and Citywide Projects Committee to schedule a North Beach Revitalization Plan City Commission Workshop, and further direct the Administration to begin negotiations with AT&T for the 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. PASSED AND ADOPTED this _ day of ATTEST: 2014. Philip Levine, Mayor Rafael E. Granado, City Clerk T:\AGENDA\2014\October\TCED\Accpt FCWPC Recomm ATT Lot and North Beach Workshop RESO.docx 530 THIS PAGE INTENTIONALLY LEFT BLANK 531