Approving a development agreement pursuant to chapter 163, florida statues, between spv realty lc and the city of miami ("city") relating to the rezoning of certain parcels for the development of net 22.47 ± acres for the sabal palm village special area plan (“spv sap”) comprised of an assemblage of parcels located at approximately 5175 northeast 2 avenue, 5035 northeast 2 avenue, and 5125 northeast 2 court, miami, florida, all as mo

City of Miami File ID: 6118 (Revision: ) Printed On: 6/2/2026 CITY COMMISSION FACT SHEET File ID: 6118 Title: AN ORDINANCE OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), APPROVING A DEVELOPMENT AGREEMENT PURSUANT TO CHAPTER 163, FLORIDA STATUES, BETWEEN SPV REALTY LC AND THE CITY OF MIAMI ("CITY") RELATING TO THE REZONING OF CERTAIN PARCELS FOR THE DEVELOPMENT OF NET 22.47 ± ACRES FOR THE SABAL PALM VILLAGE SPECIAL AREA PLAN (“SPV SAP”) COMPRISED OF AN ASSEMBLAGE OF PARCELS LOCATED AT APPROXIMATELY 5175 NORTHEAST 2 AVENUE, 5035 NORTHEAST 2 AVENUE, AND 5125 NORTHEAST 2 COURT, MIAMI, FLORIDA, ALL AS MORE PARTICULARLY DESCRIBED IN EXHIBIT “A,” ATTACHED AND INCORPORATED, FOR THE PURPOSE OF REDEVELOPMENT OF LAND FOR MIXED USES; AUTHORIZING USES INCLUDING, BUT NOT LIMITED TO, RESIDENTIAL, COMMERCIAL, LODGING, CIVIC, EDUCATIONAL AND CIVIL SUPPORT, PARKING, AND ANY OTHER USES AUTHORIZED BY THE SPV SAP AND PERMITTED BY THE MIAMI COMPREHENSIVE NEIGHBORHOOD PLAN – FUTURE LAND USE MAP DESIGNATION AND ORDINANCE NO. 13114, THE ZONING ORDINANCE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED; AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE THE DEVELOPMENT AGREEMENT, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, FOR SAID PURPOSE; CONTAINING A SEVERABILITY CLAUSE; AND PROVIDING FOR AN EFFECTIVE DATE. LOCATION: Approximately 5175 NE 2 Avenue, 5035 NE 2 Avenue, and 5125 NE 2 Court APPLICANT(S): Melissa Tapanes Llahues, Esq., on behalf of SPV Realty, LC. PURPOSE: The Developer wishes to contribute to the revitalization of the SAP Area and surrounding communities by redeveloping the SAP Property into a pedestrian-oriented, mixed- use development. This will facilitate future Transit Oriented Development (TOD) opportunities for communities north of Midtown, Sabal Palm Village SAP proposes increasing density and intensity volumes to promote a mixture of uses including an increase of residential units, office, commercial, and civic and institutional uses as well as civic space and open space areas that leverage the accessibility and proximity of a future transit opportunities along the FEC Corridor. The Development Agreement will allow the subject site to allow a greater integration of public benefits, improvements and infrastructure and greater flexibility as part of the "Sabal Palm Village Special Area Plan (SAP)." FINDING(S): PLANNING DEPARTMENT: To be discussed. PLANNING, ZONING AND APPEALS BOARD: Not Applicable. City of Miami File ID: 6118 (Revision: ) Printed On: 6/2/2026 City Hall 3500 Pan Ameican Drive Miami, FL 33133 www.miamigov.com City of Miami Legislation Ordinance Enactment Number File Number: 6118 Final Action Date: AN ORDINANCE OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), APPROVING A DEVELOPMENT AGREEMENT PURSUANT TO CHAPTER 163, FLORIDA STATUES, BETWEEN SPV REALTY LC AND THE CITY OF MIAMI ("CITY") RELATING TO THE REZONING OF CERTAIN PARCELS FOR THE DEVELOPMENT OF NET 22.47 ± ACRES FOR THE SABAL PALM VILLAGE SPECIAL AREA PLAN (“SPV SAP”) COMPRISED OF AN ASSEMBLAGE OF PARCELS LOCATED AT APPROXIMATELY 5175 NORTHEAST 2 AVENUE, 5035 NORTHEAST 2 AVENUE, AND 5125 NORTHEAST 2 COURT, MIAMI, FLORIDA, ALL AS MORE PARTICULARLY DESCRIBED IN EXHIBIT “A,” ATTACHED AND INCORPORATED, FOR THE PURPOSE OF REDEVELOPMENT OF LAND FOR MIXED USES; AUTHORIZING USES INCLUDING, BUT NOT LIMITED TO, RESIDENTIAL, COMMERCIAL, LODGING, CIVIC, EDUCATIONAL AND CIVIL SUPPORT, PARKING, AND ANY OTHER USES AUTHORIZED BY THE SPV SAP AND PERMITTED BY THE MIAMI COMPREHENSIVE NEIGHBORHOOD PLAN – FUTURE LAND USE MAP DESIGNATION AND ORDINANCE NO. 13114, THE ZONING ORDINANCE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED; AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE THE DEVELOPMENT AGREEMENT, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, FOR SAID PURPOSE; CONTAINING A SEVERABILITY CLAUSE; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, SPV Realty LC (“Applicant”) applied to the City of Miami (“City”) for a Special Area Plan for the properties located at approximately Northeast 2 Avenue, 5035 Northeast 2 Avenue, and 5125 Northeast 2 Court, all as more particularly described in Exhibit “A”, attached and incorporated (“Property”), pursuant to the process described in Article 3,

NOW, THEREFORE,

BE IT ORDAINED, BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Ordinance are adopted by reference and incorporated as if fully set forth in this Section. City of Miami File ID: 6118 (Revision: ) Printed On: 6/2/2026 Section 2. The Development Agreement pursuant to Chapter 163, Florida Statutes, between the Applicant and the City to govern the development of the Property is hereby approved. Section 3. The City Manager is authorized1 to negotiate and execute the Development Agreement, in a form acceptable to the City Attorney. Section 4. If any section, part of a section, paragraph, clause, phrase, or word of this Ordinance is declared invalid, the remaining provisions of this Ordinance shall not be affected. Section 5. This Ordinance shall become effective thirty-one (31) days after its adoption.2 APPROVED AS TO FORM AND CORRECTNESS: 1 The herein authorization is further subject to compliance with all legal requirements that may be imposed, including but not limited to those prescribed by applicable City Charter and City Code provisions. 2 This Ordinance shall become effective as specified herein unless vetoed by the Mayor within ten (10) days of the date it was adopted. If the Mayor vetoes this Ordinance, it shall become effective immediately upon override of the veto by the City Commission or upon the effective date stated herein, whichever is later.