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Resolution No. 2024-14 Approving Letter of Intent with Gulfstream Park for Parcel of Land - February 6, 2024 CITY OF AVENTURA RESOLUTION NO. 2024-14 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, APPROVING A LETTER OF INTENT WITH GULFSTREAM PARK, LLC TO ACQUIRE A THREE-ACRE PARCEL OF LAND; AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE AMENDMENTS TO THE EXISTING DEVELOPMENT AGREEMENT BETWEEN GULFSTREAM PARK AND THE CITY TO USE SAID PARCEL FOR FUTURE USE AS A CHARTER SCHOOL SITE; AUTHORIZING THE CITY MANAGER TO DO ALL THINGS NECESSARY TO CARRY OUT THE AIMS OF THIS RESOLUTION; PROVIDING FOR IMPLEMENTATION; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the City of Aventura ("City") operates two charter schools within the City limits, and based on all relevant metrics, both are classified as high performing schools; and WHEREAS, due to the overwhelming demand from residents in the community to enroll their children in these schools and the limited number of available seats, many are denied access to these outstanding schools; and WHEREAS, the City has recognized the importance of expanding its educational Infrastructure by opening a third charter school in the City to provide more children of City residents the opportunity to attend a municipal charter school; and WHEREAS, the Letter of Intent submitted by Gulfstream Park ("GSP"), and attached hereto as Exhibit "A", sets forth the terms and conditions whereby GSP will convey a three-acre parcel of land located in the City of Aventura to the City for future use as an additional charter school site in return for non-monetary considerations such as approval for permanent increased density and intensity on GSP's remaining property within the City, enhanced access from 2131h Street, the granting of necessary easements and the waiver of, or reduction of, certain fees; and WHEREAS, the City of Aventura hereby finds that it is in the best interest of the City's residents to approve the Letter of Intent and authorize the City Manager to negotiate and execute a Closing Agreement with GSP to obtain this parcel of land in order to build and operate a third charter school in the City. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA: Section 1: Recitals Incorporated. That each of the above stated recitals are hereby adopted and confirmed. City of Aventura Resolution No. 2024-14 Section 2: GSP Letter of Interest Approved. That the City Commission hereby approves the Letter of Intent attached hereto as Exhibit "A." Section 3: City Manager Authorized. That the City Manager is hereby authorized to negotiate and execute a Closing Agreement with GSP, in furtherance of, and consistent with, the Letter of Intent. Section 4: Effective Date. That this Resolution shall become effective immediately upon its adoption. The foregoing Resolution was offered by Vice Mayor Kruss, who moved its adoption. The motion was seconded by Commissioner Bloom, and upon being put to a vote, the vote was as follows: Commissioner Amit Bloom Yes Commissioner Rachel S. Friedland Yes Commissioner Billy Joel Yes Commissioner Dr. Linda Marks Yes Commissioner Michael Stern Yes Vice Mayor Paul A. Kruss Yes Mayor Howard S. Weinberg Yes PASSED AND ADOPTED this 6th day of February, 2024. OWARD S. WEINBER4ES . � MAYOR ATTEST: ELLISA L. HORVAT , MMC CITY CLERK APPROVED AS TO LEGAL SUFFICIENCY: I' 1) 41 r, ROBERT MEYERS CITY ATTORNEY WEISS SEROTA HELFMAN COLE + BIERMAN, P.L. Page 2 of 2 EDWIN J. STACKER PARTNER Shutts 8t Bowen LLP 201 East Las Olas Blvd. Suite 2200 Fort Lauderdale, FL 33301 DIRECT (954)847-3839 EMAIL EStacker@shutts.com December 20, 2023 VIA EMAIL—kloppWiWtyofaventura.com Mr. Keven Klopp Community Development Director City of Aventura Government Center 19200 W.Country Club Drive, 4''Floor Aventura, Florida 33180 Re: REQUEST FOR WORKSHOP - Proposed Conveyance of a 3-Acre Parcel in Exchange for Entitlements and Additional Considerations Relating to the Remainder of that certain Property Identified by FOLIO #28-1234-019-0011 and FOLIO #28- 1234-019-0021 Dear Mr. Klopp: As you are aware, the undersigned counsel, represents Gulfstream Park Racing Association, Inc. ("GSP")the fee simple owner("Owner") of vacant land in the City of Aventura("City") consisting of an approximately 30.23-acre parcel ("Property") situated north of NW 213'' Street("2131'' St."), bounded on the west by Biscayne Blvd.,on the north,by the Broward County/Miami-Dade County line,and lying north and east of Waterways Park, as depicted on attached Exhibit A. Please consider this as a formal request, on behalf of GSP,to present this proposal to the City Commission at its next regularly scheduled Workshop meeting of January 18, 2024, for the purposes of discussing the proposed terms of a future contractual arrangement relating to the matters generally set out herein. Background and Proposed Agreement GSP and the City have previously entered into two similar transactions,the first of which resulted in the City's acquisition of approximately 7 acres from GSP, in 2006, for the subsequent development of Waterways Park,and in the second instance,the City's acquisition of 2 additional acres from GSP,in 2017, for the ultimate development of Aventura Don Soffer High School. Both of these conveyances were structured such that prerequisites to the closings on the parcels were the consideration and approval,by the City, of certain entitlements,together with the approval of a Chapter 163, F.S. development agreement, as amended ("DA") which spells out additional provisions related to the terms of the transactions, including protection from downzoning. The City's existing Future Land Use Plan Map designates the Property in the Business and Office category, the City parcels to the east are designated as Community Facilities and Recreation and Open Space, respectively, and, to the south of 2131'' St., the properties are designated as Business and Office to the west,and Medium-High Residential immediately south of the Property. The City Official Zoning Map FTLDOCS 8970442 6 shutts.com I FORT LAUDERDALE I JACKSONVILLE I MIAM1 I ORLANDO I SARASOTA I TALLAHASSEE I TAMPA I WEST PALM BEACH Page 2 designates the Property as both B-2 and MO, with the existing entitlements providing for conditional use approval of 480 units, up to 25-stories, on the approximately 12.7-acre Medical Office ("MO") parcel, approximately 17.5 acres of B-2 use fronting on NW 2131 Street and Biscayne Blvd., together with the right to temporarily maintain thoroughbred horses in existing stables located on the north end of the Property.Additionally, there is one roadway connection from 2131 St. that provides for vehicular traffic to GSP's Hallandale Beach property, which use is currently limited to race-day use only. The City has recently approached GSP requesting that an additional 3 acres be conveyed to the City for future use as an additional charter school site, and GSP is willing to consider the"as is"conveyance of that certain 3-acre parcel ("School Parcel"), as depicted on attached Exhibit B, for non-monetary considerations, which considerations would include, but not necessarily be limited to, approvals for permanent increased density and intensity on GSP's remaining property ("Development Property"), as depicted on attached Exhibit C, together with enhanced access from 2131h St., the granting of necessary easements, the waiver of certain fees and costs, and general cooperation and written support for permits and approvals that may be necessarily required from other governmental entities. Proposed Document Framework Since there is already an existing DA,GSP proposes to work with the City to amend the DA,which amendment will memorialize certain terms and understandings between the parties,and GSP also envisions, in lieu of a standard Purchase and Sale Agreement,that an agreed-upon"closing agreement" or "contract for exchange of consideration" be negotiated, wherein a detailed list of both the City's and GSP's rights and obligations will be clearly delineated. Those documents would specify the additional documents that may be required in order to"close"the agreements between the City and GSP. GSP and the City agree that all entitlements,rights, and benefits granted to the Development Property shall run with the land,and shall benefit any and all successors and assigns. The Proposed GSP Project Entitlements GSP is proposing that the City review and approve entitlements for the Development Property for an overall mixed-use project that permanently provides for a vested density of up to 1500 residential units, with flexibility to develop all building types, including, low-rise or high-rise units,with a maximum height of 30 stories, and a Residential FAR of 4.0 on the gross acreage. In addition, the Development Property will be vested for non-residential uses which permit retail, office, hotel and entertainment, with a non- residential FAR of 2.0 on the gross acreage. Access to and from 213" St. and the GSP Hallandale Beach property will be afforded by three(3)"unrestricted"roadway connections,at locations mutually acceptable to GSP and the City. The permits and procedures for effectuating these connections shall be facilitated by the City, including signalization as warranted. Additionally, GSP and the City acknowledge that GSP will receive approvals to subdivide the Development Property as part of the agreements. Overview of Additional GSP Conditions to Convey the School Parcel to the City As consideration for the non-monetary "as is" conveyance of the School Parcel to the City, GSP proposes the following additional processes as conditions: 1) Comprehensive Plan Amendments. GSP has reviewed the City Comprehensive Plan, specifically, the Goals, Objectives and Policies of the Future Land Use Element, and has determined that both a Text Amendment and a simultaneous Map Amendment will be necessary in order to afford GSP the density and intensity that it will require.The required density, while permitted in the Medium Density category, does not permit the non- residential uses requested,thus, it is anticipated the parties will need to develop a new Plan FTLDOCS 8970442 6 Page 3 Category that is likely to be a variation of the Town Center category concept. Any such new category shall not be adopted so as to require conditional use approval. 2) Zoning District Amendments. GSP has reviewed the City's Zoning Districts and, has likewise determined that it will be necessary to amend/create a new Zoning Category through a Text Amendment and simultaneously process a Map Amendment rezoning to such new category. The proposed new Zoning district needs to recognize that the Development Property entitlements are authorized by right, and are not subject to any conditional use process that limits the period of time within which the Property can be developed. 3) City Land Development Regulations ("LDR's"). In light of the fact that future development of the Development Property will require both Land Use Plan and Zoning Code text amendments, it is anticipated that existing LDR's may require modifications, and the City agrees that to the extent any such modifications are requested in the future, the City will accommodate any such request so as to enable the contemplated development of the Property. 4) Additional Documents Necessary to Implement Development. As a condition of the conveyance of the School Parcel, the City further agrees to: i) grant or modify proposed or existing easements across the School Parcel, as reasonably needed for utility and drainage purposes, including, at its expense, a redesign of the stormwater system, as deemed necessary by GSP professional consultants and City consultants, and ii)to amend or create any other declaration or covenant deemed reasonably necessary by GSP, or its designees. 5) Waiver of Fees, Costs and Impositions. GSP requires that the City agree to waive any and all application fees, excluding advertising costs and public notices to the general public, and likewise waive any other expenses directly or indirectly necessary to implement the intention of the parties throughout this process, such as fees for third-party consultants engaged by the City. In addition, throughout the incremental development of the Development Property, GSP requires that the City likewise waive any and all application fees and costs, residential impact fees for parks and transportation, and non-residential impact fees for transportation up to fifty percent(50%)of the total allowable square footage based upon the non-residential FAR of 2.0. Additionally, the City agrees to waive other fees or impositions that may be routinely required of developers as a condition of the future development on the Development Property, whether such fees or impositions are existing or as may be adopted in the future,such as community benefit and affordable housing fees or any other impositions. It shall be expressly understood and agreed that there may be required fees and costs that are not imposed by the City. It is further understood that the fee waivers, referred to above, do not include waiver of police impact fees or building permit fees charged pursuant to Resolution 20 20-48. 6) Conveyance of School Parcel"As Is". It shall be expressly understood and agreed that the conveyance of the School Parcel is "as is", and that no representations or warranties are being provided by GSP,except that GSP warrants that it is the Owner of the School Parcel, and has the authority to convey it at the time of the conveyance. Since the School Parcel is intended to be conveyed "as is", GSP will require the City to indemnify and hold GSP harmless from and against any and all costs, losses or claims demands and liabilities, including reasonable attorney fees,which might arise out of or relate to any and all acts or omissions alleged against GSP, as it relates to the School Parcel. FTLDOCS 8970442 6 Page 4 7) Possible Future Connection to Intracoastal Waterway. GSP may, at some point in the future, try to connect property under its ownership, to the Intracoastal Waterway, and in order to effectuate that process,the City acknowledges at this time that it has no objection to any such connection, and agrees to support such connection in writing in the future, if requested by GSP. The City shall acknowledge that in the event that GSP determines in the future that it is necessary to utilize all, or a portion of,the Waterways Dog Park parcel ("Dog Park"), GSP shall have the unilateral right to relocate the Dog Park to an alternative parcel within the Development Property of similar size and comparable amenities. GSP agrees that the work on the relocated Dog Park shall be completed prior to the commencement of any work that will impact reasonable use of the existing Dog Park. In conclusion, we appreciate your consideration of GSP's request, and look forward to the opportunity of working with you and the City Manager, in hopes that you will agree that the proposal set out herein,is a plan which makes sense to the City,and that you will concur that it should be considered by the Commission at its next Workshop Meeting on January 18, 2024. Sincerely, SHUTTS &BOWEN LLP Edwin J. Stacker,Esq. FTLDOCS 8970442 6 Page 5 r�r J ' r il r ! r r b�. ' 30.23 Acres I + N, • ,� ■ i f # -tit I ■ z ■ d ,I— OP■W s ■ e ® Exhibit A FTLDOCS 8970442 6 Page 6 4 - 1.WITio r ` ' l 3.0 Ac r h L f 1 ►.'Ifa'4t., x l cm I i : t � S z toil ! It 1 ® Exhibit B FTLDOCS 8970"2 6 Page 7 y ■ CG G i \ IFy 1 IN IP"I !" � _� � 1 .■ter ■ * 7 4 11 * R 1 i 27.23 Acres(Grass) ` 1. ! it I t ! 1+ r f 4 Exhibit C. FTLDOCS 8970442 6