HomeMy WebLinkAboutResolution 2026-34207 RESOLUTION NO. 2026-34207
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF
MIAMI BEACH, FLORIDA, ACCEPTING THE RECOMMENDATION OF THE
FINANCE AND ECONOMIC RESILIENCY COMMITTEE AT ITS MARCH 4,
2026 MEETING, TO MAINTAIN THE LIVING WAGE RATES APPROVED ON
FEBRUARY 3, 2025; AND SETTING FORTH THAT THE LIVING WAGE RATE
SHALL REMAIN AT $13.01 PER HOUR WITH HEALTH CARE BENEFITS OF
AT LEAST $3.45 PER HOUR, OR $16.46 PER HOUR WITHOUT HEALTH
CARE BENEFITS, EFFECTIVE JULY 1, 2025.
WHEREAS, Section 2-408 of the City Code requires, for specific service contracts, that
contractors pay employees the living wage rates approved by the City Commission for any
given year; and
WHEREAS, on February 23, 2025, the Mayor and City Commission approved the living
wage rates for the calendar year 2025 and effective on July 1, 2025, as follows: $16.46 per hour
without health care benefits or $13.01 per hour with health care benefits of at least $3.45 per
hour; and
WHEREAS, every year, during budget discussions for the subsequent fiscal year, the
City Commission considers whether to change the living wage rates that specific city contractors
are required to pay their employees; and
WHEREAS, generally, the living wage hourly rate increase is calculated according to
any prior year increases in the overall Consumer Price Index ("CPI") for the local area, and the
healthcare benefit rate increase is calculated according to any previous year increases in the
CPI for medical costs for the local area; and
WHEREAS, Section 2-408(d) also states that an annual increase to the living wage
rates shall not exceed 3% or the Cost-of-Living Adjustment ("COLA"), if any, approved for
unclassified staff; and
WHEREAS, the City's past practice has been to consider the COLA approved for
unclassified staff; and
WHEREAS, the City has approved a 3% COLA increase for unclassified staff, equivalent
to the 3% increase for union staff; and
WHEREAS, to assist the Finance and Economic Resiliency Committee ("FERC") in
evaluating whether to recommend an increase for the upcoming year, the Administration
calculated the six-month and twelve-month fiscal impact of each 1% increment (up to 3%)
across all contracts subject to the living wage ordinance; and
WHEREAS, on March 4, 2026, FERC reviewed the Administration's proposed living
wage increase amounts and recommended maintaining the living wage rates previously
approved on February 3, 2025; and
WHEREAS, if approved by the Mayor and City Commission, the living wage rates will
remain the same as those approved on February 3, 2025, at no less than $13.01 per hour with
health care benefits of at least $3.45 per hour or $16.46 per hour without health care benefits;
and
WHEREAS, due to the preemption established under House Bill 433, which amends
section 218.077, Florida Statutes, it is important to note that this represents the final opportunity
for the City to implement any living wage indexing or adjustments prior to the law's applicability
on September 30, 2026; and
WHEREAS, after September 30, 2026, the City may not establish, mandate, maintain, or
otherwise require an employer to pay a minimum wage, other than a state or federal minimum
wage, and may not through its purchasing or contracting procedures seek to control or affect the
wages or employment benefits provided by its vendors, contractors, service providers, or other
parties doing business with the City.
NOW, THEREFORE, BE IT DULY RESOLVED BY THE MAYOR AND CITY
COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that the Mayor and City
Commission hereby accept the recommendation of the Finance and Economic Resiliency
Committee at its March 4, 2026 meeting, to maintain the living wage rates approved on
February 3, 2025; and set forth that the living wage rate shall remain at $13.01 per hour with
health care benefits of at least $3.45 per hour, or $16.46 per hour without health care benefits,
effective July 1, 2025.
PASSED and ADOPTED this a� day of April, 20 6.
.
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Steven Meiner, Mayor
ATTEST:
APR 2 8 2026 ; �8,,,,,,
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Rafael E. Granado, City Clerk , � �
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APPROVED AS TO
FORM & LANGUAGE
& FO EXECUTION
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City orney �� �� Date
Procurement Requests - C2 A
MIA
MIBEACH
COMMISSION MEMORANDUM
TO: Honorable Mayor and Members of the City Commission
FROM: Eric Carpenter, City Manager
DATE: April 22, 2026
TITLE: A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF
MIAMI BEACH, FLORIDA, ACCEPTING THE RECOMMENDATION OF THE
FINANCE AND ECONOMIC RESILIENCY COMMITTEE AT ITS MARCH 4, 2026,
MEETING,TO MAINTAIN THE LIVING WAGE RATES APPROVED ON FEBRUARY
3, 2025; AND SETTING FORTH THAT THE LIVING WAGE RATE SHALL REMAIN
AT $13.01 PER HOUR WITH HEALTH CARE BENEFITS OF AT LEAST $3.45 PER
HOUR, OR $16.46 PER HOUR WITHOUT HEALTH CARE BENEFITS, EFFECTIVE
JULY 1, 2025.
RECOMMENDATION
The Administration recommends that the Mayor and City Commission (City Commission) adopt
the Resolution accepting the recommendation of the Finance and Economic Resiliency
Committee at its March 4, 2026 meeting, and maintaining the living wage rates previously
approved at the February 3, 2025, Commission Meeting and effective on July 1, 2025 to no less
than $13.01 per hour with health care benefits of at least $3.45 per hour, or $16.46 per hour
without health care benefits.
BACKGROUNDIHISTORY
Section 2-408 of the City Code requires that the living wage rate may, by Resolution of the City
Commission, be indexed annually for inflation using the Miami PMSA Consumer Price Index for
all Urban Consumers ("CPI-U" or"CPI"), Miami/Ft. Lauderdale, issued by the U.S. Department of
Labor's Bureau of Labor Statistics. Starting January 1, 2021, the supplemental health care
benefits rate (the per-hour rate toward health benefits)can, by Resolution of the City Commission,
be separately indexed annually for inflation using the Miami PMSA CPI-U for the Miami/Ft.
Lauderdale area, specifically for medical care, as issued by the U.S. Department of Labor's
Bureau of Labor Statistics. However, no annual index should exceed three percent, nor should
an annual increase surpass the corresponding annual compensation increase, if any (Cost of
Living Adjustment "COLA"), given to unrepresented (unclassified) ciry employees. The Ciry
Commission also has the discretion, by Resolution, to opt not to index the living wage rate in a
given year if it determines that such an increase would not be fiscally prudent. This decision to
index (or not index) the living wage rate is reviewed annually during the City Commission's
consideration and approval of the city's operating budget.
The current rates, approved by the City Commission on February 3, 2025, and effective on July
1, 2025, are as follows:
• $16.46 per hour without health care benefits; or
• $13.01 per hour with health care benefits of at least $3.45 per hour.
Consistent with past practice, on February 5, 2026, the City Commission referred the discussion
item C46 to the Finance and Economic Resiliency Committee ("FERC"), Attachment A, to make
a recommendation on the living wage rate adjustment.
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ANALYSIS
As stipulated in the City Code, living wage rate increases may not exceed either the local area's
corresponding CPI or the COLA approved for unclassified staff, whichever is lower. For the
current budget cycle, the COLA approved for unclassified staff is 3%, which therefore caps any
potential increase to the living wage. For the preceding year (August 2024 — August 2025), the
local CPI increased approximately 2.5% overall and 3.8% for medical services.
FERC reviewed the Administration's proposed living wage increase on March 4, 2026. To assist
the Committee in evaluating whether to recommend an increase for the upcoming year, the
Administration calculated the six-month and twelve-month fiscal impact of each 1% increment(up
to 3%) across all contracts subject to the living wage ordinance. See the table below for details.
- - - Estimated Fiscal Estimated Fiscal
Increase Resulting Rates g-Month Im act 12-Month Impact
�% $16.62HR w/o health benefits or $83,571.57 $167,143.14
$13.14lHR with health benefits of at least
$3.48/HR
2% $16.79/HR wlo health benefits or $167,143.14 $334,28628
$13.27/HR with health benefits of at least
$3.52/HR
3% $16.95/HR w/o health benefits or $250,714.71 $501,429.43
$13.40/HR with health benefits of at least
$3.56/HR � -
The Finance and Economic Resiliency Committee reviewed and discussed the Living Wage item,
and Commissioner David Suarez motioned to present this item to the City Commission with a
favorable recommendation to continue Fiscal Year 2026 living wage rates, which were approved
at the February 3, 2025, Commission Meeting and effective on July 1, 2025. The motion was
seconded by Commission Joseph Magazine, and all were in favor. Refer to Attachment B for the
March 4, 2026, FERC meeting after action.
Based on the preemption established under House Bill 433, which amends section 218.077,
Florida Statutes, it is important to note that this represents the final opportunity for the City to
implement any living wage indexing or adjustments prior to the law's applicability on September
30, 2026. After that date, the City may not establish, mandate, maintain, or otherwise require an
employer to pay a minimum wage, other than a state or federal minimum wage, and may not
through its purchasing or contracting procedures seek to control or affect the wages or
employment benefits provided by its vendors, contractors, service providers, or other parties
doing business with the City.
Therefore, the Administration recommends that the Mayor and City Commission adopt the
Resolution accepting the recommendation of the Finance and Economic Resiliency Committee
at its March 4, 2026 meeting, to maintain the living wage rates previously approved at the
February 3, 2025, Commission Meeting to no less than $13.01 per hour with health care benefits
of at least $3.45 per hour, or $16.46 per hour without health care benefits.
FISCAL IMPACT STATEMENT
Based on the FERC recommendation on March 4, 2026, there is no fiscal impact associated with
this item.
Does this Ordinance require a Business Impact Estimate? Cli,�k or t��;; ����r� 'c �`,�t�r� ��-�:�.
(FOR ORDINANCES ONLY)
If applicable, the Business Impact Estimate (BIE)was published on:
See BIE at: https•//www miamibeachfl qov/city-halllcity-clerk/meetinq-noticesl
46 of 2461
FINANCIAL INFORMATION
Based on the FERC recommendation on March 4, 2026, there is no fiscal impact associated with
this item.
CONCLUSION
Following deliberation at the March 4, 2026, FERC Meeting, the Finance and Economic
Resiliency Committee reviewed and discussed the Living Wage item Commissioner David Suarez
motioned, and Commissioner Joseph Magazine seconded, to present this item to the City
Commission with a favorable recommendation to continue Fiscal Year 2026 living wage rates,
which became effective on July 1, 2025. As stated above, this represents the final opportunity to
implement any adjustments to the living wage before the statute takes effect on September 30,
2026, after which the City may not, through its purchasing or contracting procedures, seek to
control or affect the wages or employment benefits provided by its vendors, contractors, service
providers, or other parties doing business with the City.
If the Mayor and City Commission approve the Committee's recommendation to maintain the
living wage rates previously approved, the rates shall continue to be:
• $16.46 per hour without health care benefits; or
• $13.01 per hour with health care benefits of at least $3.45 per hour.
The Administration recommends that the Mayor and City Commission adopt the Resolution to
accept the Finance and Economic Resiliency Committee's recommendation to maintain the living
wage rates as approved on February 3, 2025, Commission Meeting.
Applicable Area
Citywide
Is this a "Residents Riqht to Know" item, Is this item related to a G.O. Bond
pursuant to City Code Section 2-17? Proiect?
No No
Was this Aqenda Item initially requested bv a lobbyist which, as defined in Code Sec. 2-481,
includes a principat enqaqed in lobbyinq? No
If so, specify the name of lobbyist(s) and principal(s):
Department
Procurement
Sponsor(s)
Co-sponsor(s)
Condensed Title
Accept Recommendation, Maintain Living Wage Rates at $13.01 Per Hour. PR
47 of 2461
Previous Action (For Citv Clerk Use Only)
48 of 2461
NB 7. DISCUSSION REGARDING THE LiVING WAGE RATES BEGINNING APRIL 2026,
IN ACCORDANCE WITH CHAPTER 2, ARTICLE VI, DIVISION 6, SECTfON 2 -
408, OF THE CITY CODE.
Applicable Area:
49 of 2461
DEFERRED ITEMS 7
1�11AMIBEACH
COMMITTEE MEMORANDUM
TO: Finance and Economic Resiliency Committee Members
FROM: Eric Carpenter, City Manager
DATE: March 4, 2026
TITLE: DISCUSSION REGARDING THE LIVING WAGE RATES BEGINNING APRIL 2026,
IN ACCORDANCE WITH CHAPTER 2, ARTICLE VI, DIVISION 6, SECTION 2 -408,
OF THE CITY CODE.
RECOMMENDATION
The City Administration ("Administration")recommends that the Finance and Economic Resiliency
Committee ("FERC") approve the living wage increase, effective April 1, 2026, not to exceed 3%
and consistent with the approved cost of living adjustment (COLA) for unciassified employees,
and provide a recommendation to the Mayor and City Commission ("City Commission").
BACKGROUND/HISTORY
Section 2-408 of the City Code requires, for certain service contracts, that contractors pay
employees the living wage rates that the City Commission has approved for any given year. The
current living wage rates, which were approved by the Ciry Commission on February 3, 2025, and
became effe�tive on July 1, 2025, are as follows:
� $18.46 per hour without health care benefits; or
• $13.01 per hour with health care benefits of at least $3.45 per hour.
The City Code stipulates that the City Commission may adjust the living wage rates annually for
inflation by the City Commission utilizing the local area's corresponding Consumer Price Index
("CPI") or Cost-of-Living Adjustment ("COLA") adjustment approved for unclassified staff; no
annual index shall exceed three percent; nor shall an annual increase exceed the corresponding
annual compensation increase (if any) provided to unrepresented (i.e., unclassified) City
employees. Typically, rate increases are considered by the City Commission during annual
budget discussions, as any increase will have a budgetary impact because contract rates are
adjusted to compensate for the increased wage requirement. As is customary, the Administration
refers an item annually to the Finance and Economic Resiliency Committee for discussion of
adjusting the living wage rates for the subsequent year. Accordingly, on February 5, 2026, the
Mayor and City Commission approved a referral to the Finance and Economic Resiliency
Committee for a discussion and recommendation to the City Commission on any increases to the
current living wage rates that the City Commission may want to consider for 2026.
50 of 2461
As background information, the living wage rates for local entities that enforce a iiving wage
requirement are listed in the table below.
— — _ --- _ _
Current Hourfy Rate Current HourlY Rate with Health_Care Benefits
without Health Care Hourly Rate i Health Benefits Rate �
Benefits
Miami Beach ` $16.46 �512.63 ` ' S3.45
Miami � $15A0 $13.19 $1.81
Broward County !, $20.13 $16.19 $3.94 _
Miami-Dade County_i $21.91 $17.94 $3.97
ANALYSIS
As stipulated in the City Code, increases in the living wage rate cannot surpass the local area's
corresponding CPI or the approved COLA for unclassified staff. The most recent increase for the
Miami-Fort Lauderdale-West Palm Beach area from August 2024 to August 2025 was about 2.5%
for the overall CPI and 3.8% for the medical services CPI (See Attachment A). The CPI was not
fully updated or released for October 2025 or later due to a suspension of federal government
services (a lapse in appropriations), which prevented the Bureau of Labor Statistics (BLS) from
gathering the necessary price data.
Despife any increase in the CPI, the City Code stipulates that any adjustment to the living wage
rates may not exceed the COLA increase approved for unclassified employees. Therefore, the
current budget cycle caps any increase in the living wage at 3%. The proposed effective date of
April 1, 2026, for the living wage increase will align with the budgeted City employee COLA
adjustments of April 1, 2026.
FISCAL IMPACT STATEMENT
To assist the Committee in evaluating any recommended adjustments to the living wage rates
effective April 1, 2026, the Administration has calculated the projected economic impact of each
1% increase (up to 3%) in the living wage rate. For reference, a six-month projection is provided
to illustrate the impact for FY 2026, and a twelve-month projection is included to demonstrate the
impact for FY 2027 (see Attachment B). The impacts of the FY 2026 Living Wage adjustments
have been included in the FY 2026 Adopted Budget. Funding for the impacts of the FY 2027
Living Wage adjustments are subject to funding approval of the FY 2027 Adopted Budget.
Does this Ordinance require a Business Impact Estimate?
(FOR ORDINANCES ONLY)
The Business lmpact Estimate (BIE) was published on .
See BIE at: https://www.miamibeachfl.Aov/city-ha11/citY-clerklmeetinq-notices/
FINANCIAL INFORMATION
CONCLUSION
51 of 2461
The purpose of the information inciuded herein is to assist the Committee in discussing and
recommending to the City Commission the living wage rates effective April 1, 2026.
Applicable Area
Citywide
Is this a "Residents Riqht to Know" item, Is this item related to a G.O. Bond
pursuant to City Code Section 2-17? Proiect?
No No
Was this Aqenda Item initially requested bv a lobbvist which, as defined in Code Sec. 2-481,
includes a principal enqaged in lobbYinq? No
If so, specify the name of lobbyist(s) and principal(s):
Deaartment
Procurement
Sponsor(s)
Co-sponsor(s)
Condensed Title
DISCUSSlON REGARDING THE LIVING WAGE RATES BEGINNING APRIL 2026, IN
ACCORDANCE WITH CHAPTER 2, ARTICLE VI, DIVISION 6, SECTION 2 - 408, OF THE
CITY CODE.
52 of 2461
:� i i :��.ii.��i .� i ;�
B CONSUMER PRICE INDEX ��'� � �:
; ;
tilKt t� �rf ! 1iit�K�i \Ii�11t♦ +% <'' �•
z.s. �EP��K i ti�t-�� �E t ,�s��K August 2025
SOUTHEAST INFORMATION OFFICE !, Atlanta, GA � 404-893-4222 � bls.govircgions'southeast
For release: Thursday, September 11, 2025
All urban consumers Wage eamers&clerical workers
Group Percent change Percent change �
Index Aug 24 to Jul 25 to Index Aug 24 to Jul 25 to
Aug 25 Aug 25 Aug 25 Aug 25
U.S.City Average
All items(1982-84=100) 323.976 2.9 0.3 317.306 2.8 0.3
Ail items (f967=100) 97Q.489 - - 945.157 - -
Food and beverages 338.366 3.1 0.4 337.722 3.0 0.4
Housing 349.277 4.0 0.3 345.073 4.0 0.3
Apparel 131.989 0.2 2.2 132.492 0.6 2.4
Transportation 273.910 0.9 0.2 278.662 0.8 0.2
Medical care 583.875 3.4 0.0 593.181 3.7 0.1
Recreationz 141.394 2.3 -0.1 132.728 1.8 -0.1
Education &communication2 � 147.152 0.3 0.3 130.911 -0.2 0.2
Other goods and services 583.313 3.9 0.2 645.032 4.0 0.3
South
All items(1982-84=100) 313.558 2.6 0.3 307.743 2.4 0.3
All items(1977=100) 508.635 - - 498.424 - -
Food and beverages 332.827 3.0 0.4 331.845 2.9 0.4
Housing 326.425 4.0 0.5 327.311 3.9 0.5
Apparef 139.992 -1.4 1.3 139.832 -1.5 2.0
Transportation 272.277 0.0 -0.1 271.377 0.1 -0.1
Medical care j 546.376 3.0 -0.2 562.485 2.9 0.0
Recreationz 140.747 1.8 -0.6 130.827 1,2 -0.4
Education&communication2 141.347 -0.7 0.1 122.571 -0.9 0.1
Other goods and services 552.677 3.3 0.2 603.774 3.7 0.4
All urban consumers Wage eamers&clerical workers
Group Percent change Percent change
�ndex Aug 24 to Jun 25 to index Aug 24 to Jun 25 to
Aug 25 Aug 25 Aug 25 Aug 25
AtlantaSandy Springs-Roswell
AI!items(1982-84=100) 318.877 1.7 0.1 312.343 1.8 0.3
All items (1967=100) � 961.634 - - 944.413 - -
Food and beverages 335.223 3.4 1.2 333.92$ 3.3 1.2
Housing 351.160 3.0 0.2 350.107 2.7 0.1
Apparel 152.974 -7.5 -4.6 158.815 -8.0 -3.8
Transportation 280.691 0.1 0.3 273.627 0.6 0.6
Medical care 518.899 - -1.1 � 525.504 - 0.1
Recreation2 99.895 0.5 -1.3 i 93,505 2.5 -0.7
Education 8 communicationZ 143.684 1.2 i.6 122.233 0.3 1.0
Other goods and services - - - 589.177 -2.5 0.8
- - -- --
Miami-Fort Lauderdale-West Palm Beach
All items(1982-84=100) 357.009 2.5 -0.2 351.451 2.3 -0.1
All items(1977=100) 575.449 - - 571.001 - -
Food and beverages 340.155 5.6 1.3 339.678 5.5 1.5
Housing 407.428 3.3 -0.9 ! 407.109 3.4 0.0
Apparel 176.530 7.2 -5.4 � 180.093 3.7 -2.2
Transportation 278.387 -1.1 -0.8 ' 288.834 -2.6 -1.1
Medical care 655.291 3.8 -0.6 � 691.930 4.9 -0.3
Recreationz 136.286 -2.9 -0.1 122.488 -1.6 -0.8
Education&communication2 137.672 2.7 1.4 129.406 4.4 1.4
Other goods and services 481.290 0.0 -2.5 480.404 1.3 -1.1
'Indexes on a December 1982-84=100 base,unless otherwise noted.
2lndexes on a December 1997=100 base.
-Data not available.
'Full surveys for Atlanta-Sandy Spnngs-Roswell and Miami-Fort Lauderdale-West Palm Beach are compiled every two months and are
published for February,Apnl,June,August,October,and December. Note:Data are not seasonally adjusted.
53 of 2461
ATTACHMENT B
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54 of 2461
NB 7. DISCUSSlON REGARDING THE LIVING WAGE RATES BEGINNING APRIL 2026, IN
ACCORDANCE WITH CHAPTER 2, ARTICLE VI, DIVISION 6, SECTION 2 - 408, OF THE
CITY CODE.
Applicable Area: Citywide
Procurement
ACTION:
Commissioner Suarez motioned to have this item heard at Commission with a favorable
recommendation to continue Fiscal Year 2025 rates. Commissioner Magazine seconded the
motion. All in favor 3-0.
NB 8. DISCUSS A PROP�SED NEW LEASE AGREEMENT BETWEEN THE CITY (LANDLORD)
AND LiTTLE HAVANA ACTIVITIES AND NUTRITION CENTERS, INC. (TENANT) FOR USE
OF APPR�XIMATELY 3,500 SQUARE FEET OF GROUND FLOOR FACILITY AND
ADJACENT PLAYGROUND AREA HAVlNG APPROXIMATELY 1,407 SQUARE FETT
LOCATED AT 1245 MICHIGAN AVENUE, FOR AN INITIAL TERM OF FIVE (5) YEARS, WITH
TWO (2) ADDITIONAL RENEWAL TERMS OF TWO (2) YEARS EACH, AT THE CITY'S
OPTION, FOR THE OPERATION OF A CHILD DAYCARE FACILITY.
Applicable Area: South Beach
City Manager
ACTION:
Commissioner Suarez motioned to have this item heard at Commission with a favorable
recommendation to approve the lease agreement as presented. Commissioner Magazine
seconded the motion. All in favor 3-0.
NB 9. DISCUSS REQUEST FOR THE CITY TO PROVIDE A $5,000 SPONSORSSHIP FOR A
REEFLINE AC7IVATION DURING ERRTH WEEK MIAM! TAKING PLACE FROM APRIL 22-26,
2o2s.
Applicable Area: Sauth Beach
Tourism and Culture
Commissioner Tanya K. Bhatt
ACTION:
Commissioner Suarez motioned to have this item heard at Commission with a favorable
recommendation to approve a one-time $5,000 sponsorship for a Reefline activation during
Earth Week Miami. Commissioner pominguez seconded the motion. All in favor 3-0.
NB 10. DISCUSS A RESOLUTION OF THE MAYOR AND CfTY COMMISSiON OF THE CITY OF
MfAMI BEACH, FLORIDA, AUTHORIZING THE CITY MANAGER TO EXECUTE ANY LAND
USE BOARD APPLICATIONS NECESSARY TO FACILITATE THE REVIEW OF PROPOSED
IMPROVEMENTS TO TNE LINCOLN LANE NORTH R1GHT-OF-WAY, ADJACENT TO THE
PROPERTIES LOCATED AT 723 LINCOLN LANE NORTH, 721 LINCOLN ROAD, AND 741
�INCOLN ROAD; SAID IMPROVEMENTS TO BE UNDERTAKEN IN CONNECTION WITH A
POTENTIAL IMPROVEMENT AND MAINTENANCE AGREEMENT BETWEEN THE CITY AND
MAC LR HOLDCO, LLC, THE AGENT FOR THE CONTRACT PURCHASER OF THE
SUBJECT PROPERTIES; AND PROVIDING THAT THE FINAL DECISION TO PROCEED
WITH THE PROJECT SHALL BE MADE BY THE MAYOR AND CITY COMMISSION
FOLLOWING RECEIPT OF A RECOMMENDATION FROM THE FINANCE AND ECONOMIC
RESILIENCY COMMITTEE RELATING TO THE POTENTIAL IMPROVEMENT AND
MAINTENANCE AGREEMENT.
Applicable Area: South Beach
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