R7B - Approve 21st St Vacation, Benefits

A Resolution Of The Mayor And City Commission Of The City Of Miami Beach, Florida, Approving, On First Reading Of This Resolution, The Vacation Of That Portion Of The Southern Half Of 21st Street, Generally Located Between Approximately 150 Feet East Of Collins Avenue And Miami Beach Drive, And Consisting Of Approximately 6,736 Square Feet In Total Area, As More Particularly Described In Exhibit “a” To The Memorandum Accompanying This Resolution (the “row”), In Favor Of The Abutting Property Owner, Bhi Limited Miami Corporation (the “applicant”); Further, Providing That The Vacation Of The City Row Shall Be Subject To And Conditioned Upon The Applicant’s Delivery Of Certain Public Benefits To The City, Including A Voluntary Monetary Payment In The Amount Of $7,400,000.00, A Maintenance Agreement Providing For The Installation And Perpetual Maintenance Of Additional Landscaping Within The City’s Beach Access And Beachwalk Area East Of Miami Beach Drive As More Particularly Depicted On Exhibit “e” To The Memorandum Accompanying This Resolution, And A Perpetual Easement In Favor Of The City Over The Row, To Ensure Continued Public Use Of The Row For City Access, Pedestrian And Vehicular Travel, And Utilities; Further, Waiving, By 5/7ths Vote, The Competitive Bidding Requirement, Pursuant To Section 82-38 Of The City Code, Finding Such Waiver To Be In The Best Interest Of The City; Setting The Public Hearing, Pursuant To Section 82-39(a) Of The City Code, For The Second And Final Reading Of The Vacation Resolution; And, Finally, Accepting The Recommendation Of The Finance And Economic Resiliency Committee And Referring The Proposed Vacation To The Planning Board Pursuant To City Charter Section 1.03(b)(4).