R7I - Following a Duly Advertised Public Hearing,

A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, FOLLOWING A DULY ADVERTISED PUBLIC HEARING, ACCEPTING THE RECOMMENDATION OF THE FINANCE AND ECONOMIC RESILIENCY COMMITTEE (FERC), AND APPROVING, IN SUBSTANTIAL FORM, A NEW LEASE AGREEMENT BETWEEN THE CITY ("LANDLORD") AND SOBE TOSCANA, LLC ("TENANT"), FOR USE OF APPROXIMATELY 2,216 SQUARE FEET OF OUTDOOR CAFÉ SPACE LOCATED AT 22 WASHINGTON AVENUE, FOR A TERM OF NINE (9) YEARS AND 364 DAYS, COMMENCING ON JUNE 1, 2027, UPON EXPIRATION OF THE CURRENT LEASE AGREEMENT, AND EXPIRING ON MAY 30, 2037; AND FURTHER WAIVING, BY 5/7TH VOTE, THE FORMAL COMPETITIVE BIDDING REQUIREMENT IN SECTION 82-39(A) OF THE CITY CODE, FINDING SUCH WAIVER TO BE IN THE BEST INTEREST OF THE CITY; AND FURTHER AUTHORIZING THE CITY MANAGER TO FINALIZE AND EXECUTE THE LEASE AGREEMENT.