R7A - Authorize Rda Debt for Convention Center Hotel

A RESOLUTION OF THE MAYOR AND CITY COMMISSION AUTHORIZING THE INCURRENCE BY THE MIAMI BEACH REDEVELOPMENT AGENCY (AGENCY) OF UP TO $92,500,000 IN AGENCY INDEBTEDNESS IN ACCORDANCE WITH THE REQUIREMENTS OF CHAPTER 163, PART III, FLORIDA STATUTES. AS AMENDED, IN CONNECTION WITH A GRANT AGREEMENT TO BE ENTERED INTO BY AND AMONG THE AGENCY, MB MIXED USE INVESTMENT HOLDINGS, LLC AND PUBLIC FINANCE AUTHORITY SUBSTANTIALLY IN THE FORM ATTACHED TO THIS RESOLUTION TO FACILITATE THE EXPEDITIOUS DEVELOPMENT OF THE MIAMI BEACH CONVENTION CENTER HEADQUARTER HOTEL. JOINT CITY COMMISSION AND RDA