RDA-1. - Rescind $92.5m Hotel Grant Agreement

A RESOLUTION OF THE CHAIRPERSON AND MEMBERS OF THE BOARD OF THE MIAMI BEACH REDEVELOPMENT AGENCY, RESCINDING RESOLUTION NO. 696-2024 WHICH AUTHORIZED THE MIAMI BEACH REDEVELOPMENT AGENCY TO ENTER INTO A GRANT AGREEMENT WITH MB MIXED USE INVESTMENT HOLDINGS, LLC AND PUBLIC FINANCE AUTHORITY TO FUND A GRANT IN THE AMOUNT OF $92,500,000 TO FACILITATE THE DEVELOPMENT OF THE MIAMI BEACH CONVENTION CENTER HEADQUARTER HOTEL. JOINT CITY COMMISSION AND RDA