R7K - Approve Term Sheet for P25/p26 Project

A Resolution Of The Mayor And City Commission Of The City Of miami Beach, Florida, Accepting The Recommendation Of The finance And Economic Resiliency Committee At Its April 29, 2022 meeting, Pursuant To Request For Proposals (rfp) 2021-173-kb for Mixed-use Developments Incorporating Class A Office space With Respect To City-owned Parking Lots P25 And P26 (the "project"), And Approving The Term Sheet For The Project attached As An Exhibit To The Commission Memorandum accompanying This Resolution; Further, Directing The administration To Negotiate A Development Agreement And ground Leases With Lincoln Road Property Owner, Lp., consistent With The Term Sheet, With The Final Agreements subject To The Prior Approval Of The Mayor And City commission; And Further, Referring The Proposed Projectand The Associated Development Agreement To The Planning board For Review, In Accordance With The Requirements Of the City Charter And City Code.