HomeMy WebLinkAboutReso 2010-1632
RESOLUTION NO. 2010- Ill:' '3 ~..)
A RESOLUTION OF THE CITY COMMISSION OF THE CITY
OF SUNNY ISLES BEACH, FLORIDA, SELECTING 4M
INVESTORS, LLC. AS THE PROPOSER TO DESIGN AND
BUILD AN UPSCALE LIFESTYLE CENTER CONSISTING OF A
PARK, PARKING GARAGE, AQUARIUM, AND HIGH END
RET AIL SHOPS; PROVIDING THE CITY MANAGER AND THE
CITY ATTORNEY WITH THE AUTHORITY TO NEGOTIATE A
DESIGN/BUILD CONTRACT WITH 4M INVESTORS, LLC FOR
APPROVAL BY THE CITY COMMISSION; P~OVID_ING FOR
AN EFFECTIVE DATE.
WHEREAS, the City desires to have designed and constructed an Upscale lifestyle center
consisting of a park, parking garage, Aquarium, and high end retail shops ("Aquatic Entertainment
Center") on Sunny Isles Boulevard for enjoyment of the residents and visitors; and
WHEREAS, the City issued a Request for Proposal to select a contractor to design and
build the Aquatic Entertainment Center; and
WHEREAS, the City has received only one proposal from 4M Investors, LLC. in response
to the Request for Proposal; and
WHEREAS, the City Manager wishes to recommend the selection of 4M Investors, LLC.
as the design and build firm to negotiate a contract to design/build the Aquatic Entertainment
Center.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE
CITY OF SUNNY ISLES BEACH, FLORIDA, AS FOLLOWS:
Section I. Incorporation of Recitals. The foregoing recital paragraphs are hereby ratified and
confirmed as being true and the same are hereby made part of this Resolution.
Section 2. Approval of Reccomendation. The City Commission hereby approves the selection
of 4M Investors, LLC. as the design and build firm to design and construct the Aquatic
Entertainment Center.
Section 3. Authorization of the City Manager and City Attorney. The City Manager and City
Attorney are authorized to negotiate a design and build contract with 4M Investors, LLC. for
approval by the City Commission.
Section 4.
Effective Date. This Resolution is effective upon adoption.
PASSED AND ADOPTED this 18th day of November, 2010.
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ATTEST:
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Jane A. Hines, CMC, City Clerk
Vote: 4- \
Mayor Edelcup
Vice Mayor Thaler
Commissioner Brezin
Commissioner Goodman
Commissioner Scholl
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Moved by:
Seconded by:
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Preview
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City of Sunny Isles Beach
18070 Collins Avenue
Sunny Isles Beach, Florida 33160
(305) 947-0606 City Hall
(305) 949-31 I3 Fax
MEMORANDUM
--.-- ---
TO:
The Honorable Mayor and City Commission
FROM:
Rick Conner, City Manager
DATE:
11/18/2010
RE:
Approval of a Resolution authorizing the City Manager to begin
negotiations with the sole submitter for the development of the Gateway
Park system.
RECOMMENDATION:
The staff recommends approval of the Resolution authorizing the City Manager to begin
negotiations with the sole submitter for the development of the Gateway Park system.
REASONS:
We developed a detailed Request for Proposals (RFP) for the development of the
Gateway Park's parking garage, park, retail space, and acquatic center. Though many
firms indicated interest in the project, only one firm submitted a proposal. That firm
was 4M Investors, LLC, a subsidiary of 1. Milton & Associates. Their proposal
includes a cost to the City of approximately $22,000,000 for the park, parking garage and
retail space, with an offer to buy back the retail space for $5,500,000. We intend to
negotiate the price offered in the Proposal to insure that it is consistent with the project
budget. We are requesting that the Commission, through the Resolution, authorize
staff to begin this negotiating process by designating 4M Investors as
the selected vendor.
FUNDING SOURCE:
A significant portion of this project will be funded by the $15,000,000 bond issue.
Alternate funding may be required for the remaining portion of the project.
http://sibagenda.sibfl.net/agenda/Preview.aspx?I temID=3 9 5&MeetingID=0&MeetingDat... 11/12/2010