C7I - Extend Lincoln Rd Bid Mou

A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ACCEPTING THE WRITTEN RECOMMENDATION OF THE CITY MANAGER AND APPROVING, IN SUBSTANTIAL FORM, AMENDMENT NO. 1 TO THE MEMORANDUM OF UNDERSTANDING DATED DECEMBER 21, 2022 (THE “MOU”) BETWEEN THE CITY OF MIAMI BEACH, FLORIDA, AND THE LINCOLN ROAD BUSINESS IMPROVEMENT DISTRICT, INC. (THE “LRBID”); SAID AMENDMENT NO. 1 EXTENDING THE TERM UNDER THE MOU BY ONE ADDITIONAL YEAR, COMMENCING ON OCTOBER 1, 2025 AND ENDING ON SEPTEMBER 30, 2026, CONTINUING CITY FUNDING IN THE AMOUNT OF $160,000 PER YEAR (OR $13,333 PER MONTH) TO THE LRBID FOR ENVIRONMENTAL MAINTENANCE, HOSPITALITY, AND SAFETY SERVICES WITHIN THE BOUNDARIES OF THE DISTRICT; AND FURTHER, AUTHORIZING THE CITY MANAGER AND CITY CLERK TO EXECUTE SAID AMENDMENT.