Item Coversheet

Resolutions - R7  I




COMMISSION MEMORANDUM

TO:Honorable Mayor and Members of the City Commission 
FROM:Alina T. Hudak, City Manager 
DATE:June  22, 2022
 

First Reading

SUBJECT:A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ACCEPTING THE RECOMMENDATION OF THE CITY'S FINANCE AND ECONOMIC RESILIENCY COMMITTEE AND APPROVING, ON FIRST READING, PURSUANT TO SECTION 82-37(A) OF THE CITY CODE, THE SALE OF THE VACANT CITY-OWNED PARCEL, LOCATED AT 226 87th TERRACE, TO 226 SW 87TH TER, LLC FOR THE TOTAL SALES PRICE OF $4,600,000.00; PROVIDED THAT THE PROCEEDS FROM THE SALE BE APPLIED, IN EQUAL PARTS, TO FUND CAPITAL PROJECTS FOR THE MIAMI NEW DRAMA CULTURAL FACILITY AT THE COLLINS PARK GARAGE AND THE BYRON CARLYLE THEATER; FURTHER, APPROVING THE CONTRACT, IN THE FORM ATTACHED TO THE CITY COMMISSION MEMORANDUM ACCOMPANYING THIS RESOLUTION; AND FURTHER, SETTING THE PUBLIC HEARING AND FINAL READING OF THE SALES CONTRACT FOR A TIME CERTAIN ON JULY 20, 2022.

SUPPORTING SURVEY DATA

n/a

FINANCIAL INFORMATION

n/a

Applicable Area

North Beach
Is this a "Residents Right to Know" item, pursuant to City Code Section 2-14? Does this item utilize G.O. Bond Funds?
No No 

Strategic Connection

Non-Applicable
Legislative Tracking
Facilities and Fleet Management