C7C - Approve Collins Park Artist Housing

A Resolution Of The Mayor And City Commission Of The City Of Miami Beach, Florida, Accepting The Recommendation Of The Finance And Economic Resiliency Committee At Its September 23, 2020 Meeting, Pursuant To Invitation To Negotiate (itn) 2019-099-kb, For The Development Of The Collins Park Artist Workforce Housing Project (the “project”), And Approving The Term Sheet For The Project Attached As An Exhibit To The Commission Memorandum Accompanying This Resolution; Further, Directing The Administration To Negotiate A Development Agreement With Servitas, Llc, And Ground Lease With Community Finance Corp., Consistent With The Term Sheet, With The Final Agreements Subject To The Prior Approval Of The Mayor And City Commission; And Further, Referring The Proposed Project And The Foregoing Agreements To The Planning Board For Review, In Accordance With The Requirements Of The City Charter And City Code.