HomeMy WebLinkAbout2024-074-2148_-_Authorizing_Ground_Lease_Agreement_for_5_Acre_Property_-_Adopted.docxRESOLUTION NO. 2024-074-2148
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
MIAMI GARDENS, FLORIDA, AUTHORIZING THE CITY
MANAGER TO NEGOTIATE A GROUND LEASE OF THE
PROPERTY GENERALLY LOCATED AT 2775 NW 183RD
STREET, MIAMI GARDENS, FL 33056 IN ACCORDANCE WITH
THE TERM SHEET ATTACHED HERETO IN SUBSTANTIAL
FORM AS EXHIBIT “A”; PROVIDING FOR THE ADOPTION OF
REPRESENTATIONS; PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, City Council authorized the City Manager to proceed with negotiations
for the development of city-owned land located at 2775 NW 183rd Street, Miami Gardens,
FL 33056 conversationally known as the “5 acre”, and
WHEREAS, the site is currently vacant but has a future land use designation of
Commerce and a zoning classification of PCD (Planned Corridor Development) with an
Entertainment Overlay (EO), and
WHEREAS, the Administration seeks to enter into a long-term lease agreement to
develop the vacant land into an approximate 500 unit mixed-use development comprised
of studios, 1-bedroom, 2-bedroom and 3 bedroom units along with associated parking
and approximately 12,000 sq. feet of curated retail and restaurant space servicing the
community; additionally, a linear park which will be managed and maintained by the
lessee’s property manager will be created on the exterior of the project to be accessible
and usable by the community, and
WHEREAS, the proposed lease term is fifty (50) years, plus a one-time option to
renew the ground lease for an additional fifty (50) years; the total lease rate is
$10,000,000, as outlined on the Term Sheet attached hereto as Exhibit “A” and
WHEREAS, it is recommended that the City Council approve the Term Sheet for
Ground Lease of 2775 NW 183rd Street, attached hereto as Exhibit “A” with a lease
agreement to be presented before Council thereafter,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF MIAMI GARDENS, FLORIDA AS FOLLOWS:
Section 1: ADOPTION OF REPRESENTATIONS: The foregoing Whereas
paragraphs are hereby ratified and confirmed as being true, and the same are hereby
made a specific part of this Resolution.
Section 2: AUTHORIZATION: The City Council of the City of Miami Gardens
hereby authorizes the city manager to negotiate a ground lease of the property generally
located at 2775 NW 183rd street, Miami Gardens, FL 33056 in accordance with the term
sheet attached hereto in substantial form as Exhibit “A”.
DocuSign Envelope ID: 7DCED152-0329-4000-BA9D-79C34146E95A
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Resolution No. 2024-074-2148
Section 3: EFFECTIVE DATE: This Resolution shall take effect immediately upon
its final passage.
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF MIAMI GARDENS
AT ITS REGULAR MEETING HELD ON MAY 22, 2024.
________________________________
RODNEY HARRIS, MAYOR
ATTEST:
________________________________
MARIO BATAILLE, CMC, CITY CLERK
PREPARED BY: SONJA KNIGHTON DICKENS, CITY ATTORNEY
SPONSORED BY: CAMERON BENSON, CITY MANAGER
Moved by: Councilman Stephens
Seconded by: Councilwoman Campbell
VOTE: 5-0
Mayor Harris Yes
Vice Mayor Wilson Yes
Councilwoman Campbell Yes
Councilwoman Ighodaro Yes
Councilwoman Julien Not Present
Councilman Leon Not Present
Councilwoman Stephens, III Yes
DocuSign Envelope ID: 7DCED152-0329-4000-BA9D-79C34146E95A