R7B - Approve Collins Park Lease

A Resolution Of The Mayor And City Commission Of The City Of Miami Beach, Florida, Approving, Following Second Reading/public Hearing, A Lease Agreement (“lease”), As Authorized Under Section 82-37 Of The City Code And Section 1.03(b)(4) Of The City Charter, Between The City Of Miami Beach (“city”) And Miami New Drama, Inc., A Florida Not-for-profit Corporation (“lessee”), Of A Portion Of The City-owned Collins Park Garage Located At 340 23rd Street (the “property”), For The Development And Operation Of The Collins Park Cultural Arts Facility, Which Lease Shall Include The Following Uses: (1) A Theater For Production Of Live Theatrical Performances And Uses Ancillary Thereto; (2) Administrative And Business Functions And Rehearsal, Costume, And Set Design Facilities For Performances; And (3) A Restaurant CafÉ Pursuant To A Sublease To A Third-party Operator (collectively, The “project”); Further, Waiving, By 5/7th Vote The Competitive Bidding And Appraisal Requirements Of Section 82-39 Of The City Code, Finding The Public Interest To Be Served By Waiving Such Requirements; Providing For An Initial Term Of Five (5) Years, With Up To Three (3) Renewal Terms For A Period Of Five (5) Years Each; Further, Providing That The Lease Is Subject To And Contingent Upon An Appropriation Of Funds By The City Commission, At Its Sole Discretion, In The Amount Of $4,750,000 On Or Before October 1, 2024; Further, Authorizing An Amendment To The Management Agreement Between The City And Miami New Drama, Inc. For The Colony Theatre (“management Agreement”), To Extend The Term Of The Management Agreement For A Period To Run Coterminous With The Term Of The Lease And Further, Authorizing The Mayor And City Clerk To Execute The Final Negotiated Agreements.