Item Coversheet

CITY OF RIVIERA BEACH CITY COUNCIL
AGENDA ITEM SUMMARY

Meeting Date: 12/1/2021 
Agenda Category:REGULAR RESOLUTION
Subject: 

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RIVIERA BEACH AUTHORIZING THE ASSIGNMENT OF GROUND LEASE WITH RIVIERA BEACH EVENT CENTER, LLC. TO THE RIVIERA BEACH COMMUNITY REDEVELOPMENT AGENCY; APPROVING THE FORM OF AN ASSIGNMENT AND ASSUMPTION OF GROUND LEASE FROM RIVIERA BEACH EVENT CENTER, LLC.; AUTHORIZING THE MAYOR AND CITY CLERK TO TAKE SUCH ACTIONS AS SHALL BE NECESSARY AND CONSISTENT TO CARRY OUT THE INTENT AND DESIRE OF THE CITY; PROVIDING AN EFFECTIVE DATE.

 

DAWN S. WYNN, CITY ATTORNEY, 561-845-4069

Recommendation/Motion: The Office of the City Attorney recommends approval of this Resolution. 
Originating Dept CITY ATTORNEY  Costs N/A 
User Dept.CITY MANAGER Funding Source
AdvertisedNo Budget Account Number
Date   
Paper   
Affected PartiesNot Required   
Background/Summary: 

The City and the Riviera Beach Event Center, LLC, a Florida limited liability company (“RBEC”) entered into that certain Ground Lease with the City as Lessor and RBEC, as Lessee, dated as of July 2, 2014, as amended by the First Amendment to Ground Lease dated as of June 6, 2016 (collectively, the “Ground Lease”).

           

The Ground Lease was entered into to facilitate a New Market Tax Credit (“NMTC”) financing of the Marina Event Center (the “Marina Event Center”) to be constructed on the land subject to the Ground Lease, pursuant to the Marina District Master Plan.

           

The compliance period for the NMTC financing has expired and the NMTC financing has been unwound.

 

In order to provide for the long-term operation, management and maintenance of the Marina Event Center, the City desires to authorize the transfer of the Marina Event Center from RBEC to the Riviera Beach Community Redevelopment Agency, a public body corporate and politic created by the City pursuant to Part III, Chapter 163, Florida Statutes (“RBCRA”).

 
Fiscal Years
Capital Expenditures
Operating Costs
External Revenues
Program Income (city)
In-kind Match (city) 
Net Fiscal Impact
NO. Additional FTE Positions
(cumulative)

III. Review Comments

A. Finance Department Comments:
 
B. Purchasing/Intergovernmental Relations/Grants Comments:
 
C. Department Director Review:
Contract Start Date 
Contract End Date
Renewal Start Date
Renewal End Date
Number of 12 month terms this renewal
Dollar Amount
Contractor Company Name
Contractor Contact
Contractor Address
Contractor Phone Number
Contractor Email
Type of Contract
Describe
ATTACHMENTS:
File NameDescriptionUpload DateType
Memo_to_Mayor_and_CC_Assignment_of_Riviera_Event_Center.docxMemo to Mayor and CC to Authorize Assignment of Ground Lease11/19/2021Cover Memo
City_Resolution_Re_Event_Center_Transfer_11192021.docxResolution to Authorize Assignment of Event Center Lease to CRA11/19/2021Resolution
Resolution_No._2021-19__including_Assignment_and_Assumption_of_Ground_Lease.pdfAssignment of Lease Executed by CRA11/19/2021Backup Material
REVIEWERS:
DepartmentReviewerActionDate
AttorneyWynn, DawnApproved11/19/2021 - 4:14 PM
PurchasingWilliams, GlendoraApproved11/19/2021 - 4:33 PM
FinanceReynolds, NydiaApproved11/23/2021 - 9:40 AM
AttorneyWynn, DawnApproved11/23/2021 - 9:41 AM
City ClerkSmith, Tawanna Approved11/23/2021 - 10:06 AM
City ManagerJacobs, DeirdreApproved11/23/2021 - 6:54 PM