Approve third amendment to Alton Road development agreement

A resolution of the mayor and city commission of the city of miami beach, florida, to consider approval, following first reading/public hearing, of a third amendment to a development agreement by and between the city and tch 500 alton LLC, as authorized under section 118-4 of the city code, and sections 163.3220 - 163.3243, florida statutes, which amendment modifies the boundaries of the unified development site to include 710 alton road, 720 alton road, and 740 alton road, removes portions of folio 02-4203-001-0095 (canopy park) and all of folio number 02-4203-001-0090 (currently a parking lot serving the floridian condominium) from the scope of the agreement, modifies the assignment of development rights for the impacted properties, and otherwise delineates or modifies the conditions for the development of the properties subject to the agreement located at 500-630 alton road and other terms for development contingent upon satisfaction of the conditions set forth in the development agreement; and further, setting the second and final reading of the development agreement for a time certain. 2:31 p.m. First reading public hearing office of the city manager deferred 6/28/2023 - r7 f / exp: 10/26/2023