R7A - Approve Collins Park Lease

A Resolution Of The Mayor And City Commission Of The City Of Miami Beach, Florida, Following A Duly Advertised Public Hearing, Approving The Amended And Restated Ground Lease Agreement (the “ground Lease”) Between The City Of Miami Beach And Cfc-mb I, Llc, An Arizona Limited Liability Company, For The Collins Park Artist Workforce Housing Project (the “project”), Said Ground Lease Modifying, On A Limited Basis, The Required Mix Of Income-eligible Tenants Of The Workforce Housing Units At The Collins Park Artist Workforce Housing Project, Provided That All Of The Workforce Housing Units For The Project Shall Be Rented Solely To Eligible Individuals With Households Earning 120% Or Less Of The Area Median Income For Miami-dade County, Consistent With All Applicable Requirements Relating To Workforce Housing As Provided In Chapter 58 Of The City Code; Approving The Lease Agreement (the “first Floor Sublease”) Between Cfc-mb I, Llc (sublessor) And The City Of Miami Beach (sublessee) For The First Floor Retail Space Within The Project; And Further, Authorizing The Mayor And City Clerk To Execute The Final Negotiated Agreements.