Approve $13M promissory note for Miami Beach Club FAR bonuses

A Resolution of the City of Sunny Isles Beach, Florida, Approving the Terms and Conditions of a Promissory Note for the Payment of Approved Floor Area Ra o FAR Bonuses in the Amount of $13,040,479.34 for the Approved Site Plan Application (PZ2025-08) Submi ed by MB RE Investments, LLC, for the Project Entitled “Miami Beach Club” Consis ng of a Sixty-Two (62) Story Residen al Condominium Tower With 524,212.8 Square Feet of Floor Area, Including a 2,390 Square Foot Private Restaurant, and 145 Residen al Dwelling Units; Providing the City Manager With the Authority to Do All Things Necessary to Effectuate This Resolution; Providing for Severability; Providing for Repealer; Providing for an Effec ve Date.