R7D - Approve Dev Agree for City Lot P27

A Resolution Of The Mayor And City Commission Of The City Of Miami Beach, Florida, Approving, Following Second Reading/public Hearing, A Development Agreement, As Authorized Under Section 118-4 Of The City Code, And Sections 163.3220 – 163.3243, Florida Statutes, Between The City And 1664 Meridian, Llc (the “developer”), Which Development Agreement Was (a) Reviewed By The Planning Board As Required By Section 142-423; (b) Delineates The Terms And Conditions For The Development On City-owned Surface Parking Lot P27 (consisting Of Seven (7) Tax Folios: 02-3234-007-0560, 02-3234-007-0570, 02-3234-007-0630, 02-3234-007-0640, 02-3234-007-0650, 02-3234-007-0660 And 02-3234-007-0670) Located In Miami Beach, Florida (“p27” Or The “property”) Consisting Of (1) Class A Office Space, (2) Ground Floor Retail, (3) Residential Rental Apartments, (4) Public Parking To Replace The Existing Public Parking Spaces On P27, And (5) Additional Parking To Satisfy Off-street Parking Requirements For The Office And Residential Uses (the “project”); And (c) Memorializes Certain Conditions Precedent For The City’s Lease Of The Property To The Developer For The Development, Design, Financing, Construction, And Operation Of The Project (the “lease”); Such Lease Being Subject To And Contingent Upon Approval By The City Commission Pursuant To Section 82-37(a) And Approval By A Majority Of The Voters In A City-wide Referendum Pursuant To Section 1.03(b)(2) Of The City Charter; And Further, Authorizing The City Manager To Finalize The Development Agreement And Make Any Necessary Non-substantive Corrections To Scrivener’s Errors, Subject To Form Approval By The City Attorney; And Further, Authorizing The Mayor And City Clerk To Execute The Development Agreement.