| | | | | | | |  | Resolutions - R7 G
COMMISSION MEMORANDUM |
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| | | | | | | | | TO: | Honorable Mayor and Members of the City Commission | | | FROM: | Rafael A. Paz, Acting City Attorney | | | DATE: | July 28, 2021 | | | | 1:30 p.m.
| | SUBJECT: | A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA CALLING FOR A NOVEMBER 2, 2021 CITY OF MIAMI BEACH SPECIAL ELECTION, FOR THE PURPOSE OF SUBMITTING TO THE ELECTORATE OF THE CITY OF MIAMI BEACH A QUESTION ASKING WHETHER, PER RESOLUTION 2021-xxxx, THE CITY’S LEASE OF 0.56 ACRES OF PROPERTY TO 1 WASHINGTON AVENUE CORP. FOR “SMITH & WOLLENSKY RESTAURANT” IN SOUTH POINTE PARK, WHICH LEASE EXPIRES NOVEMBER 2025, SHOULD BE EXTENDED THROUGH DECEMBER 2045, PLUS RENEWAL OPTIONS, WITH RESTAURANT PROVIDING: MINIMUM $3,305,970 IN RESTAURANT UPGRADES; RENT GREATER OF: GUARANTEED RENT, INCREASED ANNUALLY BY 2.5% ($11,680,085 OVER FIRST TEN YEARS) OR PERCENTAGE OF REVENUES; FREE RESTAURANT MENTORSHIP SEMINARS; PARK’S SECURITY GATE INSTALLATION? |
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| | | | | | | | ANALYSIS
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See attached Commission Memorandum. |
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| | | | | | | | SUPPORTING SURVEY DATA
| | N/A |
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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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| | | | | | | | Legislative Tracking
Office of the City Attorney |
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