City commission resolution for Miami

A resolution of the mayor and city commission of the city of miami beach, florida, approving, following second 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, LLC (the “developer”), which development agreement was (a) reviewed by the planning board as required by section 142-423; (b) delineates the terms and conditions for the development on 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) residential 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”); and (c) 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 of the voters in a city-wide referendum pursuant to