C7AA - Terminate O Cinema Lease, Funding

A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, AUTHORIZING AND DIRECTING THE CITY MANAGER TO TAKE THE FOLLOWING ACTIONS TO TERMINATE THE CITY’S RELATIONSHIP WITH AND FINANCIAL SUPPORT OF LIVING ARTS TRUST, INC. D/B/A O CINEMA: (1) TERMINATE FOR CONVENIENCE THE O CINEMA LEASE AT THE CITY OWNED FACILITY AT OLD CITY HALL, LOCATED AT 1130 WASHINGTON AVENUE, WITH 180 DAYS’ PRIOR NOTICE, AND (2) IMMEDIATELY DISCONTINUE ANY GRANT FUNDING SUPPORTING THE O CINEMA PROJECT PURSUANT TO APPLICABLE PROVISIONS OF OPERATIVE GRANT AGREEMENTS WITH LIVING ARTS TRUST (O CINEMA).