C7K - Approve School Concurrency Agreement

Public School Concurrency Mitigation Agreement - North Beach Town Center Development, Llc. A Resolution Of The Mayor And City Commission Of The City Of Miami Beach, Florida, Approving And Authorizing The City Manager To Execute A Public School Concurrency Proportionate Share Mitigation Development Agreement ("agreement"), Attached Hereto As "exhibit 1," Between The City Of Miami Beach ("city"), Miami-dade County School Board (the "school Board") And North Beach Town Center Development, Llc, A Delaware Limited Liability Company Authorized To Transact Business In The State Of Florida ("property Owner"), The Owner Of Real Property Located At 6948-6988 Abbott Avenue & 6957-6965 Byron Avenue, As More Particularly Described In Exhibit "a" (the "property"); Which Agreement Provides For The Payment Of Mitigation Toward School Board Concurrency By Property Owner To The School Board, Associated With Property Owner's Application To Construct Multifamily Residential Units On The Property; And Which Agreement Is Consistent With The Requirements Of The Amended And Restated Interlocal Agreement Between The School Board And The City, Dated December 12, 2007 ("ila").