Approve sculpture installation in Ocean Terrace Park streetscape improvements

A resolution of the mayor and city commission of the city of miami beach, florida, accepting the recommendation of the art in public places ("aipp") committee to allow 0th streetscape, LLC (the "park developer"), an affiliate of ocean terrace holdings, LLC, to move forward with the installation of a proposed sculpture entitled "reflection," by prune nourry (the "artist"), within the ocean terrace park/streetscape improvements; finding that the cost to the park developer of commissioning and installing the artwork exceeds the amount of the 2% aipp contribution based on the park's construction cost; waiving, on a 5/7th vote and pursuant to section 82-587(c) of the city code, the required aipp contribution and appropriation for the park/streetscape improvements, in favor of the park developer paying such costs directly as they come due, finding such waiver to be in the best interest of the city; and approving the commission agreement between the park developer, the artist, and the city. Applicable area: north beach capital improvement projects supplemental updated on 10/29/2024 (revised draft agreement)