A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ACCEPTING THE RECOMMENDATION OF THE FINANCE AND CITYWIDE PROJECTS COMMITTEE, AT ITS NOVEMBER 30, 2018 MEETING, AND AUTHORIZING THE ADMINISTRATION TO WORK WITH NORTH BEACH TOWN CENTER DEVELOPMENT, LLC (DEVELOPER) TO IDENTIFY A MUTUALLY AGREEABLE OUTSIDE CONSULTANT TO PERFORM, AT DEVELOPER'S SOLE COST AND EXPENSE, AN ECONOMIC IMPACT STUDY OF DEVELOPER'S PARKING GARAGE/RETAIL DEVELOPMENT PROPOSAL INVOLVING CITY-OWNED PARKING LOTS IN NORTH BEACH.

At its November 30, 2018 meeting, the Finance and Citywide Projects Committee (FCWPC) voted in favor of approving the City to jointly engage, along with North Beach Town Center Development, LLC, (Developer), at Developer's sole cost and expense, a mutually agreeable outside consultant to perform an economic impact study regarding the parking garage/retail development proposal, involving City-owned lots in North Beach.  This study will be utilized by the FCWPC, in part, to determine the economic value of the proposed development, and whether to recommend proceeding with the project.