HomeMy WebLinkAbout2024-111-2185_-_Miami_Gardens_City_Center_Project_Infrastructure_Agreement_-_Adopted.docxRESOLUTION NO. 2024-111-2185
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
MIAMI GARDENS, FLORIDA, AUTHORIZING THE CITY
MANAGER TO EXECUTE AND ATTEST, RESPECTIVELY, THAT
CERTAIN REIMBURSEMENT AGREEMENT BETWEEN MIAMI
GARDENS TOWN CENTER LLC AND THE CITY OF MIAMI
GARDENS RELATING TO THE REIMBURSEMENT OF FUNDS
FROM THE BUILDING BETTER COMMUNITIES' GENERAL
OBLIGATION BOND PROGRAM PROJECT NO. 320 ECONOMIC
DEVELOPMENT FUND IN AN AMOUNT UP TO $7,500,000.00
FOR INFRASTRUCTURE COSTS ON THE MIAMI GARDENS
TOWN CENTER , A COPY OF WHICH IS ATTACHED HERETO
AS EXHIBIT “A”; PROVIDING FOR INSTRUCTIONS TO THE
CITY CLERK; PROVIDING FOR THE ADOPTION OF
REPRESENTATIONS; PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the City of Miami Gardens has undertaken the creation of its Miami
Gardens City Center (35-acre Development Project) to the north of City Hall in an effort
to spur economic development in the immediate and adjacent areas, and
WHEREAS, the Development scope includes a mixed-use project that will include
approximately 480 multi-family units, two full-service hotels, and approximately 500,000
square feet of retail and entertainment space located at 19199 NW 27 Avenue, Miami
Gardens, Florida 33056, and
WHEREAS, the Development plans to revitalize the area into a thriving downtown
city center equipped with pedestrian- friendly streets, a public parking garage and a
transportation system, and
WHEREAS, the City of Miami Gardens plans to enter into a reimbursement
agreement with Miami Gardens Town Center LLC for infrastructure improvements on the
Miami Gardens Town Center (35-acre Development Project), and
WHEREAS, this agreement will facilitate the reimbursement of infrastructure costs
utilizing Project 320 funds that are recaptured by the Miami-Dade County Commissions
Board that the City of Miami Gardens is next in line to receive, up to $7,500,000.00, and
WHEREAS, subject to the availability of GOB bond/note proceeds ("Funds"), and
WHEREAS, the City of Miami Gardens agrees to make disbursements to Miami
Gardens Town Center LLC., as soon as is practical, from available Funds, after receipt
of invoices from Miami Gardens Town Center LLC for eligible capital costs of
infrastructure incurred by Miami Gardens Town Center LLC in connection with the Miami
Gardens City Center (35-Acre Development Project),
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Resolution No. 2024-111-2185
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 execute and attest, respectively, that certain
reimbursement Agreement between Miami Gardens Town Center LLC and the City of
Miami Gardens relating to the reimbursement of funds from the Building Better
Communities' General Obligation Bond Program Project No. 320 Economic Development
Fund in an amount up to $7,500,000.00 for infrastructure costs on the Miami Gardens
Town Center, a copy of which is attached hereto as Exhibit “A”.
Section 3: INSTRUCTIONS TO THE CITY CLERK: The City Clerk is hereby
authorized to obtain two (2) fully executed copies of the subject Agreement with one to
be maintained by the City, and one to be delivered to Miami Gardens Town Center LLC.
Section 4: 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 JULY 10, 2024.
________________________________
RODNEY HARRIS, MAYOR
ATTEST:
________________________________
MARIO BATAILLE, CMC, CITY CLERK
PREPARED BY: SONJA KNIGHTON DICKENS, CITY ATTORNEY
SPONSORED BY: CAMERON BENSON, CITY MANAGER
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Resolution No. 2024-111-2185
Moved by: Councilman Leon
Seconded by: Councilwoman Julien
VOTE: 6-0
Mayor Harris Yes
Vice Mayor Wilson Yes
Councilwoman Campbell Yes
Councilwoman Ighodaro Yes
Councilwoman Julien Yes
Councilman Leon Yes
Councilwoman Stephens, III Absent
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