Item Coversheet

NEW BUSINESS  21.

COMMITTEE MEMORANDUM

TO: Finance and Citywide Projects Committee Members


FROM:
Jimmy L. Morales, City Manager


DATE: September 20, 2019


SUBJECT:

DISCUSSION REGARDING AN AMENDMENT NO. 1 TO AGREEMENT OF LEASE (AMENDMENT) BY AND BETWEEN THE CITY OF MIAMI BEACH (CITY OR OWNER) AND CLPF-LINCOLN, LLC (CLARION OR TENANT), INVOLVING THE MIXED-USE PROJECT LOCATED AT 1691 MICHIGAN AVENUE, MIAMI BEACH, FLORIDA A/K/A THE LINCOLN (PROJECT), CONTAINING A PARKING GARAGE, OFFICE SPACE AND GROUND FLOOR RETAIL SPACE (IMPROVEMENTS); SAID AMENDMENT PROVIDING CLARION THE OPPORTUNITY TO CREATE A VERTICAL SUBDIVISION OF THE IMPROVEMENTS INTO THREE PARCELS COINCIDING WITH THE CURRENT THREE USES OF THE IMPROVEMENTS, NAMELY, A GARAGE PARCEL, AN OFFICE PARCEL AND A RETAIL PARCEL


Applicable Area

South Beach
Is this a Resident Right to Know item? Does this item utilize G.O. Bond Funds?
No No 
ATTACHMENTS:
DescriptionType
FCWPC MemorandumMemo
Exhibit 1 - DRAFT Amendment to LeaseMemo