| | | | | | | |  | Resolutions - R7 C
COMMISSION MEMORANDUM |
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| | | | | | | | | TO: | Honorable Mayor and Members of the City Commission | | | FROM: | Raul J. Aguila, City Attorney | | | DATE: | July 29, 2020 | | | |
| | SUBJECT: | A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, CALLING FOR A NOVEMBER 3, 2020 SPECIAL ELECTION, FOR THE PURPOSE OF SUBMITTING TO THE ELECTORATE OF THE CITY OF MIAMI BEACH, FLORIDA A BALLOT QUESTION ASKING WHETHER THE CITY SHOULD LEASE 3.51-ACRE PROPERTY AT 300-390 ALTON ROAD, AND 38-ACRE SUBMERGED LANDS IN BISCAYNE BAY SOUTH OF 5TH STREET, TO MB MARINA PARK, LLC, FOR 99 YEARS, REQUIRING, PER RESOLUTION 2020-_____: $40,000,000 IN NEW IMPROVEMENTS FOR MARINA OPERATIONS, DELIVERY OF 1.0 ACRE PUBLIC PARK TO CITY, AND RENT TO CITY, GREATER OF: GUARANTEED RENT ($16,400,000 IN FIRST TEN YEARS, ADJUSTED THEREAFTER) OR PERCENTAGE OF MARINA’S REVENUES ANNUALLY. |
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| | | | | | | | RECOMMENDATION
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See attached Commission Memorandum. |
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| | | | | | | | | Is this a "Residents Right to Know" item, pursuant to City Code Section 2-14? | | Does this item utilize G.O. Bond Funds? | | | Yes | | No | |
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Office of the City Attorney |
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