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Memorandum of Understanding with the Lincoln Road Property OwnersZOt5. 29cJ25 MEMORANDUMOFUNDERSTANDING BETWEENTHECITY OFMIAMIBEACH, FLORIDAAND THE LINCOLNROADPROPERTYOWNERSASSOCIATION, INC. ThisMemorandum of Understanding ("MOU") is hereby enteredintothis 2- dayof May, 2015, by and between theLincolnRoad Property OwnersAssociation, Inc., a Florida nonprofit corporation withofficesat801Arthur Godfrey Road, Suite600, Miami Beach, FL33140 ("LRPOA"), andthe City ofMiamiBeach, aFlorida municipal corporationwithofficesat1700ConventionCenterDrive, MiamiBeach, Florida33139 City") (collectively, the "Parties"). RECITALS WHEREAS, LRPOAis aFlorida nonprofit corporation, whichistaxexempt undersection 501(c)(6) of theInternalRevenueCode, and representsagroupof propertyownersofrealestateinthevicinityof, abutting, orlocatedonLincolnRoad; WHEREAS, onApril15, 2015, theMayorandCityCommissionof4heCityof MiamiBeach adoptedResolutionNo. 2015-28992, whichcreated, pursuant!toChapter 170, FloridaStatutes, andsubjecttotheapprovalofamajorityoftheaffectedproperty owners, aspecialassessmentdistricttobeknown astheLincoln RoadBusiness ImprovementDistrict (the "District"), for aterm often (10) years, tostabilizeandimprove theLincolnRoadretailbusinessdistrict, whichislocatedwithinanationallyrecognized historicdistrict, through promotion, management, marketing, andothersimilarservices; WHEREAS, theDistrictisbounded onthe west by AltonRoad; ontheeastby WashingtonAvenue; onthe north by 17thStreet; andonthesouthbyLincolnLane South; provided, however, thatthefollowingpropertiesshallbeexcludedandexempted from suchDistrict: (1) residentialproperties; (2) propertiesownedoroccupiedbya religiousinstitution andused asaplaceof worship oreducation (asdefinedinSection 170.201(2), FloridaStatutes); and (3) commonareasowned by condominium associations; WHEREAS, aspecialmailballotelectionshallbeheldtodeterminewhether, pursuanttoChapter170, FloridaStatutes, a majority (50% plusone) oftheaffected property ownersapprovethe creationoftheDistrict (the "Election"); and WHEREAS, theCity andLRPOA hereby agreetotheterms ofthis MOU, which shallsetforththeobligationsofthePartieswithrespecttotheElection. NOW, THEREFORE, inconsiderationoftheforegoing, thepartiesagreeasfollows: 1. RECITALS Therecitalsaretrueandcorrectandherebyincorporatedintoandmadeapartofthis MOU. 2. SCOPEOFDUTIES TheCity, throughtheOffice oftheCity Clerk and Office oftheCity Attorney, shall providethefollowingservicesrelativetotheElection: A. ConducttheElection, pursuanttotheSpecialMailBallotElectionProcedures, attachedheretoandincorporatedhereinasExhibit "A." B. PrepareanddisseminateanydocumentsnecessarytoeffectuatetheElection, including the officialballot, instruction sheet, and form affidavitaffirmingthe voter'sauthoritytovoteonbehalfofapropertyowner, aswellasanynoticesand advertisementsrequiredbylaw. C. CommunicatewiththeMayorandCityCommissionregardingtheprogressoftheY Y99P9 Election. 3. TERMANDEXPIRATIONDATE This MOU andtheParties' obligationshereunder shall commenceuponthefull executionofthisMOU, andshallterminateupontheCityClerk'scertificationofthe resultsoftheElectiontotheCityCommission. 4. COMPENSATION LRPOA shall pay for allcosts necessary to conducttheElection, includingtheCity's staffcosts, aswellasthe costofpostage, printing, advertising, andtranslation (the Fee"), assetforthin the proposedbudget, attachedhereto asExhibit "B." ThetotalFee due to theCity shallnotexceed $20,000, unless mutually agreedto and approved, in writing, by theParties. For purposes of this Section4, theCityManagershallbe authorizedtoactonbehalfoftheCity. THEREMAINDEROFTHISPAGEIS INTENTIONALLYLEFTBLANK. INWITNESSWHEREOF, the partieshave affixedtheir signatures, effectiveon thedatefirstwrittenabove. CITYOFMIAMIBEACH, FLORIDA ATTEST: By: Arl# i7 V\\\ „.. 34%,„, BP lilt RafaelGranado ly s City Clerk na INCORP ORAT, D' , LINCOLNROADPROPERTYOW i SSOTIO INR ATTEST. 4. Z H2 By: Si atureStev- ombinski Pr; ident Skt.64.-G-0,..., 64-44. 14.a., ac.A PrintName/Title LpkppA- APPROVEDASTO FORM&LANGUAGE FOREXECUTION 4jai= 5 0-1. 5 City Attorney Date Qic