IN RE:
Approval of the Planning Board, by A 4/7 Vote, pursuant to City Charter Section 1.03(B)(4), and Section 118-51(11) of the City’s Land Development Regulations, of 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, by 6/7th Vote, pursuant to Section 82-37(A) of the City Code and 1.03(B)(4) of the City Charter, the Sale of the Vacant City-Owned Parcel, located at 266 87th Terrace, to 226 SW 87TH TER, LLC for the Total Sales Price of $4,600,000; 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; and further, approving the Commercial Contract, in the form attached to the Planning Board Memorandum accompanying this item.
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