R7K - Approve Alton Ct Vacation, Public Benefits

A Resolution Of The Mayor And City Commission Of The City Of Miami Beach, Florida, Approving, On Second Reading/public Hearing Of This Resolution, The Vacation Of Portions Of Alton Court (the “row”), Generally Located Between Lincoln Road And 17th Street, Not Exceeding 6,500 Square Feet In Total Area, As Reflected In The Site Plan Attached As Exhibit "a" To The Memorandum Accompanying This Resolution, In Favor Of The Abutting Property Owners, Bh The Alton Llc, Alton Jal Inc., Mitchell Property Investments Llc And 1681 West Ventures, 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 The Applicable Monetary Contribution Depending On The Square Footage Of The Area To Be Vacated And Whether The Floor Area Ratio ("far") Associated With The Vacated Row Is Retained By The City Or Conveyed To Applicant, 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 The Competitive Bidding Requirement, Pursuant To Section 82-38 Of The City Code, Finding Such Waiver To Be In The Best Interest Of The City; Further, Authorizing The Administration To Finalize A Vacation Agreement That Incorporates The Conditions Set Forth In This Resolution, And Further Authorizing The Mayor And City Clerk To Execute The Vacation Agreement, Subject To Form Approval By The City Attorney.