Resolution of the Mayor and City Commission

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 lincoln road property owner, LP. (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 lots p25 (consisting of five (5) tax folios: 02-3234-004- 0870, 02-3234-004-0880, 02-3234-004-0890, 02-3234-004-0900 and 02-3234-004-0910) located in miami beach, florida ("p25") and p26 (consisting of six (6) tax folios: 02-3234-004-0710, 02- 3234-004-0720, 02-3234-004-0730, 02-3234-004-0820, 02-3234-004-0830 and 02-3234-004- 0840) located in miami beach, florida ("p26," and together with p25, the "properties"), for mixed-use developments consisting of (1) class a office space, (2) ground floor retail, (3) public parking to replace the existing public parking spaces on the properties, and (4) additional parking to satisfy off-street parking requirements for the office uses (the "project"); said development agreement also memorializes certain conditions precedent for the city's lease of the properties to the developer for the development, design, financing, construction, and operation of the project (the "leases"), such leases 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