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Res No 158-24-16263RESOLUTION NO. 158-24-16263 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA, APPROVING A DEVELOPMENT AGREEMENT WITH SUNSET OPPORTUNITIES BI, LLC, AND SUNSET C1, LLC, FOR THE 10.09-ACRE PROPERTY KNOWN AS "SUNSET PLACE" LOCATED AT 5701-5795 SW 72 STREET (SUNSET DRIVE) IN THE DOWNTOWN SOMI (DS) DISTRICT, PURSUANT TO SECTION 163.3220 THROUGH 163.3243, FLORIDA STATUTES, AND SECTION 20-12.13 OF THE LAND DEVELOPMENT CODE; AUTHORIZING THE CITY MANAGER TO EXECUTE THE DEVELOPMENT AGREEMENT AND ALL OTHER SUPPORTING INSTRUMENTS REQUIRED BY THE LAND DEVELOPMENT CODE FOR DEVELOPMENT OF THE PROPERTY; PROVIDING FOR CORRECTIONS; IMPLEMENTATION; SEVERABILITY; AND AN EFFECTIVE DATE. WHEREAS, Sunset Opportunities B1, LLC, together with Sunset Cl, LLC (collectively, the "Applicant") owns two (2) parcels located at 5701 SW 72 Street and 5795 Sunset Drive, South Miami, Florida, identified by Miami -Dade County Property Appraiser Folio Nos. 09- 4025-031-0060 and 09-4025-031-0170, respectively (collectively, the "Property") in the Downtown Somi (DS) District; and WHEREAS, on November 21, 2023, the City Commission (1) passed Ordinance No. 24- 23-2474, amending Policy 1.1.1 of the Future Land Use Element of the City of South Miami Comprehensive Plan to modify the description applicable to the Downtown SoMi Future Land Use Category and (2) passed Ordinance No. 24-23-2475, amending the City's Comprehensive Plan Future Land Use Map to designate property located at 5795 Sunset Drive from Mixed -Use Commercial Residential to Downtown SoMi Future Land Use Category; and WHEREAS, on November 21, 2023, the City Commission passed (1) Ordinance No. 26- 23-2477, amending Article III "Zoning Regulations" of the LDR to modify the "DS" Downtown SoMi District and (2) passed Ordinance No. 26-23-2476, amending the zoning map of the City to change the zoning district applicable to property located at 5795 Sunset Drive from Specialty Retail with Hometown District Overlay Designation to Downtown SoMi zoning district with no Hometown District Overlay; and WHEREAS, the Applicant submitted an Initial Site Plan for the proposed redevelopment of the Property, as required by §20-12.13(1) of the Land Development Code ("LDC"); and WHEREAS, on September 10, 2024, the Planning Board reviewed and provided comments for the City Commission's consideration regarding the relationship of the Initial Site Plan to the existing comprehensive plan and existing land development regulations; and Res. No.158-24-16263 WHEREAS, as set forth in LDC §20-12.13(3), City Commission approval of the Initial Site Plan for the proposed development of the Property "shall be subject to the applicant entering into a Development Agreement approved by the City Commission consistent with the requirements" of the Act; and WHEREAS, the Applicant seeks to enter into a Development Agreement, in substantially the form attached in Exhibit "A," to govern development of the Project on the Property (the "Development Agreement"); and WHEREAS, the Development Agreement contemplates development of 1,513 residential dwelling units and approximately 550,000 square feet of non-residential floor area including Commercial, Food & Beverage, Office and Hotel proposed uses, in areas zoned for a maximum height (including bonuses) of 12, 15, 25, and 33 stories; and WHEREAS, the City Commission, having held duly noticed public hearings on October 11 2024 and -October 15, 2024, pursuant to Sections 163.3220—163.3243, Florida Statutes (2024), finds that the Development Agreement is consistent with the City's comprehensive plan and the LDC; and WHEREAS, the City Commission further finds that the Development Agreement meets the requirements of Section 20-12.13 of the LDC, and Sections 163.3220 — 163.3243, Florida Statutes (2023), and wishes to (i) approve the Development Agreement and authorize the City Manager to finalize and execute the Development Agreement in substantially the form attached as Exhibit "A". NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA: Section 1. Recitals and Findings. The recitals set forth in this Resolution are true and correct, and are supported by competent substantial evidence, and they are incorporated into this Resolution by reference as if set forth in full herein. The City Commission finds that the Development Agreement meets the requirements of Section 20-12.13 of the LDC and Sections 163.3220—163.3243, Florida Statutes (2024). Section 2. Approval. The City Commission hereby approves the Development Agreement in substantially the form attached as Exhibit "A." Section 3. Authorization to Execute Development Agreement. The City Commission hereby authorizes the City Manager to finalize and execute Development Agreement in substantially the form attached as Exhibit "A." Section 4. Corrections. Conforming language or technical scrivener -type corrections may be made by the City Attorney for any conforming amendments to be incorporated into the final Resolution for signature. Page 2 of 3 Res. No. 158-24-16263 Section 5. Implementation. That the City Manager is authorized to execute any required documentation or take any action that is reasonably necessary to implement the purpose of this Resolution. Section 6. Severability. In the event any portion or section of this Resolution is determined to be invalid, illegal or unconstitutional by a court or agency of competent jurisdiction, such decision shall in no way affect the remaining portions of this Resolution, which shall remain full force and effect. Section 7. Effective Date. This Resolution shall become effective immediately upon adoption. PASSED AND ADOPTED on First Reading on the 1 st day of October, 2024. PASSED AND ADOPTED on Second Reading this 151h day of October, 2024. ATTEST: �u CI LE APPROVED: MAYOR READ AND APPROVED AS TO FORM, COMMISSION VOTE ON FINAL LANGUAGE, LEGALITY, AND ADOPTION: 5-0 EXECUTION THEREOF Mayor Javierndez: Yea Vice Mayor Lisasa Bonich: Yea Commissioner Steve Calle: Yea Weiss Serota Helfman Cole & Bierman, P.L Commissioner Brian Corey: Yea CITY ATTORNEY Commissioner Josh Liebman: Yea First Reading: Moved By: Commissioner Liebman Seconded By: Vice Mayor Bonich Second and Final Reading: Moved By: Commissioner Liebman Seconded By: Mayor Femdndez Page 3 of 3