R7R - Vacate Alton Ct, Public 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 Portions Of Alton Court, Generally Located Between Lincoln Road And Seventeenth (17th) Street, Not Exceeding 8,000 Square Feet In Total Area, As Reflected In The Site Plan Attached As Exhibit "a" To The Memorandum Accompanying This Resolution (the "row"), In Favor Of The Abutting Property Owners, Bh The Alton Llc, Alton Jal Inc. And Mitchell Property Investments Llc (collectively, The "applicant"); Further, Providing That The Vacation Of The City Row Shall Be Subject To And Conditioned Upon: (a) The Applicant's Delivery Of Certain Public Benefits To The City, Including A Voluntary Monetary Contribution Payment, With The Amount To Be Determined By The City And Applicant Prior To Second Reading With Two Options For Consideration By The Mayor And City Commission: The First Option To Provide For The City To Retain The Floor Area Ratio ("far") Associated With The Vacated Row (thereby Only Permitting The Applicant To Aggregate Floor Area From The Applicant's Private Parcels, And With The Second Option To Include The Far From The Vacated Row As Part Of The Proposed Development, And (b) 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 5/7th Vote, The Competitive Bidding Requirement, Pursuant To Section 82-39(a) Of The City Code, Finding Such Waiver To Be In The Best Interest Of The City; Setting The Public Hearing, Pursuant To Section 82-37(a)(2) Of The City Code, For The Second And Final Reading Of The Vacation Resolution.