C7I - Approve Ballet Valet Settlement

A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, APPROVING THE MATERIAL TERMS OF A PROPOSED SETTLEMENT AGREEMENT BETWEEN THE CITY AND BALLET VALET PARKING COMPANY, LTD. (“BV”) IN SETTLEMENT OF A LAWSUIT FILED BY BV AGAINST THE CITY ON MARCH 10, 2025 IN THE CIRCUIT COURT OF THE ELEVENTH JUDICIAL CIRCUIT IN AND FOR MIAMI-DADE COUNTY, FLORIDA, CASE NO. 2025-006551-CA-01, WHICH SETTLEMENT AGREEMENT WOULD (1) REQUIRE THE CITY TO COMPLETE CERTAIN REPAIRS TO THE MUNICIPAL GARAGE LOCATED AT 7TH STREET AND COLLINS AVENUE AND (2) MODIFY THE TERMS OF BV’S OPTION TO PURCHASE THE CITY’S INTERESTS IN THE GARAGE; AND FURTHER, AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND FINALIZE THE SETTLEMENT AGREEMENT CONSISTENT WITH THE MATERIAL TERMS REFLECTED IN THIS RESOLUTION AND IN A FORM ACCEPTABLE TO THE CITY ATTORNEY; AND FURTHER, AUTHORIZING THE CITY MANAGER AND CITY CLERK TO EXECUTE THE SETTLEMENT AGREEMENT.