A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, APPROVING THE SETTLEMENT BETWEEN THE CITY OF MIAMI BEACH, FLORIDA AND THE MURANO GRANDE AT PORTOFINO ASSOCIATION, INC., THE ICON CONDOMINIUM ASSOCIATION, INC., AND THE MURANO GRANDE AT PORTOFINO MASTER ASSOCIATION, INC., AND AUTHORIZING THE CITY MANGER AND CITY ATTORNEY TO TAKE THE NECESSARY AND APPROPRIATE STEPS FOR THE IMPLEMENTATION THEREOF; AND FURTHER AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE ANY DOCUMENTS AND/OR AGREEMENTS, AS REQUIRED, TO EFFECTUATE THE TERMS OF THE SETTLEMENT; AND FURTHER APPROVING AND AUTHORIZING THE MAYOR AND THE CITY CLERK TO EXECUTE, AS PART OF SUCH SETTLEMENT, A FIRST AMENDMENT TO THE LEASE AGREEMENT AMONG THE CITY OF MIAMI BEACH, THE MIAMI BEACH REDEVELOPMENT AGENCY, THE MURANO GRANDE AT PORTOFINO MASTER ASSOCIATION, INC., AND MURANO GRANDE AT PORTOFINO CONDOMINIUM ASSOCIATION, INC.; AND FURTHER APPROVING AND AUTHORIZING THE MAYOR AND THE CITY CLERK TO EXECUTE, AS PART OF SUCH SETTLEMENT, A FIRST AMENDMENT TO THE LEASE AGREEMENT AMONG THE CITY OF MIAMI BEACH, THE MIAMI BEACH REDEVELOPMENT AGENCY, THE MURANO GRANDE AT PORTOFINO MASTER ASSOCIATION, INC., AND THE ICON CONDOMINIUM ASSOCIATION, INC. JOINT REDEVELOPMENT AGENCY AND CITY COMMISSION

On August 13, 2018, the Mayor and City Commission held an Executive Session to discuss a settlement agreement regarding pending litigation with the Murano Grande at Portofino Association, Inc., the Icon Condominium Association, Inc. and the Murano Grande at Portofino Master Association, Inc.  The Mayor and City Commission directed the City Attorney's Office to prepare the settlement agreement and lease amendments in accordance with the direction provided at the Executive Session.