| | | | | | | | | Redevelopment Agency - RDA 3.
COMMISSION MEMORANDUM |
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| | | | | | | | TO: | Honorable Mayor and Members of the City Commission | | FROM: | Jimmy L. Morales, City Manager | | DATE: | September 26, 2018 | | |
| SUBJECT: | A RESOLUTION OF THE CHAIRPERSON AND MEMBERS OF THE MIAMI BEACH REDEVELOPMENT AGENCY APPROVING THE SETTLEMENT BETWEEN THE MIAMI BEACH REDEVELOPMENT AGENCY 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 EXECUTIVE DIRECTOR AND GENERAL COUNSEL TO TAKE THE NECESSARY AND APPROPRIATE STEPS FOR THE IMPLEMENTATION THEREOF; AND FURTHER AUTHORIZING THE MAYOR AND SECRETARY TO EXECUTE ANY DOCUMENTS AND/OR AGREEMENTS, AS REQUIRED, TO EFFECTUATE THE TERMS OF THE SETTLEMENT; AND FURTHER APPROVING AND AUTHORIZING THE CHAIRMAN AND SECRETARY 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 CHAIRMAN AND SECRETARY 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 |
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| | | | | | | | RECOMMENDATION
| Adopt the Resolution. |
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| | | | | | | | ANALYSIS
| 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. |
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| | | | | | | | CONCLUSION
| The Administration recommends in favor of approving the settlement agreement and executing the lease amendments pursuant to the direction of the Mayor and City Commission. |
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| | | | | | | | Legislative Tracking Tourism, Culture and Economic Development |
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