Supplemental update to resolution R7 C

A resolution of the mayor and city commission of the city of miami beach, florida, approving, following first reading/public hearing, a development agreement, as authorized under section 118-4 of the city code, and sections 163.3220 - 163.3243, florida statutes, between the city and 1664 meridian avenue, LLC (the "developer"), which development agreement was reviewed by the planning board as required by section 142-423 and delineates the terms and conditions for the development on the city-owned surface parking lot p27 (consisting of seven (7) tax folios: 02-3234-007-0560, 02-3234-007- 0570, 02-3234- 007-0630, 02-3234-007-0640, 02-3234-007-0650, 02-3234-007-0660 and 02-3234-007-0670) located in miami beach, florida ("p27" or the "property") consisting of (1) class a office space, (2) ground floor retail, (3) rental apartments, (4) public parking to replace the existing public parking spaces on p27, and (5) additional parking to satisfy off-street parking requirements for the office and residential uses (the "project"); said development agreement also memorializes certain conditions precedent for the city's lease of the property to the developer for the development, design, financing, construction, and operation of the project (the "lease"); such lease being subject to and contingent upon approval by the city commission pursuant to section 82-37(a) and approval by a majority vote of the voters in a city-wide referendum pursuant to