211-95 RDARESOLUTION NO. 211 - 95
A RESOLUTION OF THE CHAIRMAN AND MEMBERS OF THE MIAMI
BEACH REDEVELOPMENT AGENCY APPROVING A DEVELOPMENT
AGREEMENT IN CONCEPT WITH THE PORTOFINO ENTITIES, SUBJECT TO
CERTAIN CONDITIONS.
WHEREAS, on March 22, 1995, the Chairman and Members approved in concept a transaction
with the Portofino Development Group and authorized the City Administration and General Counsel to
negotiate a Development Agreement for final approval; and
WHEREAS, pursuant to Section 163.3220, et seq., Fla. Stat., a Development Agreement, including
design guidelines and a site plan of future development, has been negotiated between the parties; and
WFIF~REAS, the City Administration, General Counsel, and Negotiating Committee recommend
the approval of the Development Agreement in concept, as modified by and including the 28 points of
agreement of July 17, 1995, as further modified at the Commission meeting of July 26, 1995, subject to
presentation and acceptance of a final document for approval by the City Commission as follows: (1) the
City Administration, City Attorney's Office and the Chairman of the Negotiating Committee supervising
the drafting of all revisions to the proposed Development Agreement as revised by the 28 points and as
modified at the Commission meeting of July 26, 1995, such revisions being those discussed, negotiated, and
agreed to pursuant to the public hearings before the Planning Board and City Commission; (2) the
agreement of Porto~no to a 25 foot pedestrian passage on that portion of First Street not owned by
Portofmo, if and when vacated, pursuant to the Development Agreement; and (3) scheduling public hearings
for September 13 and September 27, 1995 for the purpose of the Commission and Redevelopment Agency
approving the final form of the Development Agreement and executing the Agreement for the disposition
of property.
NOW, THEREFORE, BE IT DULY RESOLVED BY THE CHAIRMAN AND MEMBERS
OF THE MIAMI BEACH REDEVELOPMENT AGENCY: that the Chairman and Members of the
Miami Beach Redevelopment Agency hereby approve the Development Agreement in concept, as modified
by and including the 28 points of agreement of July 17, 1995, as further modified at the Commission
meeting of July 26, 1995, subject to presentation and acceptance of a final document for approval by the
City Commission, between the City, the Miami Beach Redevelopment Agency, and the Portofino Entities
as follows: (1) the City Administration, City Attorney's Office and the Chairman of the Negotiating
Committee supervising the drafting of all revisions to the proposed Development Agreement as revised by
the 28 points and as modified at the Commission meeting of July 26, 1995, such revisions being those
discussed, negotiated, and agreed to pursuant to the public hearings before the Planning Board and City
Commission; (2) the agreement of Porto~no to a 25 foot pedestrian passage on that portion of First Street
not owned by Porto~no, if and when vacated, pursuant to the Development Agreement; and (3) scheduling
public hearings for September 13 and September 27, 1995 for the purpose of the;Commission and
Redevelopment Agency approving the final form of the Dd opment Agreement nd executing the
PASSED and ADOPTED this 26th day of .3uly ,1995.
FORM APP!
REDEVELOPMEN' A~NCY
GENERAL CO JN%EL
By ~
Date
(a:jcd69~po~Tda.res)