R7G - Ballot on Smith & Wollensky Lease
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A Resolution Of The Mayor And City Commission Of The City Of Miami Beach, Florida Calling For A November 2, 2021 City Of Miami Beach Special Election, For The Purpose Of Submitting To The Electorate Of The City Of Miami Beach A Question Asking Whether, Per Resolution 2021-xxxx, The Cityβs Lease Of 0.56 Acres Of Property To 1 Washington Avenue Corp. For βsmith & Wollensky Restaurantβ In South Pointe Park, Which Lease Expires November 2025, Should Be Extended Through December 2045, Plus Renewal Options, With Restaurant Providing: Minimum $3,305,970 In Restaurant Upgrades; Rent Greater Of: Guaranteed Rent, Increased Annually By 2.5% ($11,680,085 Over First Ten Years) Or Percentage Of Revenues; Free Restaurant Mentorship Seminars; Parkβs Security Gate Installation?
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