Amend and restate Miami Beach development agreement for West Ave

11.1 of the miami beach resiliency code, and sections 163.3220 – 163.3243, florida statutes, between the city and 1250 west ave owner LLC and west ave hospitality owner, LLC (collectively the “developer”), which first amendment and restated development agreement modifies the terms and conditions for the development of the property located at 1250 west avenue (the “development property”) and 1247 - 1255 west avenue and 1234 13 street (the “hostel property”) located in miami beach, florida consisting of the following uses on the development property: (1) a maximum of 125 residential units, (2) ground floor and basement retail/commercial, and (3) accessory uses; as well as (4) the construction of a public park or other public use on the hostel property (the “project”); and modifies deadlines for certain public benefit commitments made by the developer, including construction of certain baywalk segments; and clarifies certain definitions and terms to facilitate development of the project; and further, setting the date, time, and place for the second and final reading of the first amendment and restated development agreement. 3:00 p.m. First reading public hearing applicable area: south beach capital improvement projects