C7I - Approve Lincoln Rd Bid Mou

A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, APPROVING IN SUBSTANTIAL FORM AND AUTHORIZING THE CITY MANAGER TO FINALIZE AND EXECUTE A MEMORANDUM OF UNDERSTANDING, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, WITH THE LINCOLN ROAD BUSINESS IMPROVEMENT DISTRICT, INC., TO ADMINISTER THE SPECIAL ASSESSMENT DISTRICT KNOWN AS THE LINCOLN ROAD BUSINESS IMPROVEMENT DISTRICT, WHICH WAS RENEWED BY THE CITY FOR AN ADDITIONAL TERM OF TEN (10) YEARS PURSUANT TO RESOLUTION NOS. 2024-33178 AND 2025-33785, TO STABILIZE AND IMPROVE THE LINCOLN ROAD RETAIL BUSINESS DISTRICT, THROUGH PROMOTION, MANAGEMENT, MARKETING, AND OTHER SIMILAR SERVICES.