A RESOLUTION OF THE CHAIRPERSON AND MEMBERS OF THE MIAMI BEACH REDEVELOPMENT AGENCY APPROVING THE SETTLEMENT BETWEEN THE MIAMI BEACH REDEVELOPMENT AGENCY AND THE YACHT CLUB AT PORTOFINO CONDOMINIUM ASSOCIATION, INC., MIAMI BEACH MARINA ASSOCIATES, LTD., AND THE CITY OF MIAMI BEACH, FLORIDA, AND AUTHORIZING THE EXECUTIVE DIRECTOR AND GENERAL COUNSEL TO TAKE THE NECESSARY AND APPROPRIATE STEPS FOR THE IMPLEMENTATION THEREOF; AND FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR AND SECRETARY TO EXECUTE ANY DOCUMENTS AND/OR AGREEMENTS, AS REQUIRED, TO EFFECTUATE THE TERMS OF THE SETTLEMENT; AND FURTHER APPROVING AND AUTHORIZING THE CHAIRPERSON AND THE SECRETARY TO EXECUTE, AS PART OF SUCH SETTLEMENT, A FIRST AMENDMENT TO THE LEASE AGREEMENT AMONG THE CITY OF MIAMI BEACH, THE MIAMI BEACH REDEVELOPMENT AGENCY, AND THE YACHT CLUB AT PORTOFINO CONDOMINIUM ASSOCIATION, INC. JOINT CITY COMMISSION AND REDEVELOPMENT AGENCY

Pursuant to the recommendation of the Mayor and City Commission at the Closed Attorney-Client Session of April 10, 2019 to approve the Settlement Agreement between the City of Miami Beach, Florida and the Yacht Club at Portofino Condominium Association, Inc., the above referenced Resolution is submitted for consideration by the Mayor and City Commission at the April 24, 2019 Commission meeting.