Commercial Lease Subsidy Program Participation Agreement � n25 - 335 1y
CITY OF MIAMI BEACH
COMMERCIAL LEASE SUBSIDY PROGRAM
PARTICIPATION AGREEMENT OCT 0 6 2025
THIS AGREEMENT is entered into this day of , 2025 ("Effective Date"), by
and between the CITY OF MIAMI BEACH, FLORIDA, a Florida municipal corporation having its
principal offices at 1700 Convention Center Drive, Miami Beach, Florida, 33139 ("City") and
EDGELORD LLC, a Delaware limited liability company, d/b/a EDGLRD, whose principal business
address is 230 Lincoln Road, 4th Floor, Miami Beach, Florida 33139 ("Participant") for participation in
the City's Commercial Lease Subsidy Program ("Program").
Article I Program Summary
Subject Property Address: 230 Lincoln Road, 4'h Floor
Miami-Dade County Tax Folio: 02-3234-019-0860
Property Owner Name: 230 LINCOLN MB TITLE LLC
Participant Entity Name: EDGELORD LLC
Tenant Business Name: EDGELORD LLC d/b/a EDGLRD
Business Operations: Creative/technology(Arts & Culture)
Participant Representative: Jon Lutzky(Chief Operating Officer)
Participant Rep. Phone: (954) 354-2434
Participant Rep. Email: billing@edglyd.com
ii. Authorizing Resolution: Resolution No. 2025-33594 (04-23-25)
iii. Subsidy Award Amount: Not to exceed $60,000; $20,000.00 annually
(subject to terms in Program Guidelines)
iv. Expense Eligibility Date: Effective Date of this Agreement
v. Term of Program: Three(3)years from Effective Date
unless otherwise terminated earlier pursuant
to the terms of this Agreement (the "Term").
vi. Participant Application See Exhibit 1
vii. Program Guidelines: See Exhibit 2
viii. Disbursement Request Form: See Exhibit 3
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Article II General Conditions
i. Program Description. The Art Deco/MiMo Commercial Character Overlay District(the "ADCD")
offers exceptional cultural, commercial, and entertainment amenities that are vital to the Miami
Beach economy and drive its tourism and hospitality industry. The City of Miami Beach (the "City")
is committed to promoting and attracting vibrant commercial activity, with a focus on businesses
and family-friendly activities in the ADCD that contribute to the City's rich cultural arts legacy.
Pursuant to Resolution No. 2022-32207,the Miami Beach City Commission created the Commercial
Lease Subsidy Program (the "Program")as a reimbursement-based incentive grant to reimburse a
portion of eligible rent, lease or mortgage-related expenses (e.g., rent, mortgage fees, insurance,
and real estate taxes) and the total annual cost for the City business tax receipt (BTR) for the
participating commercial property in the ADCD that is leased to a new or existing commercial tenant
or operated by the owner, whose business activities promote the Program's purpose.
ii. Contract Administrator. The City Commission has delegated the responsibility of administering
this Agreement to the City Manager or the City Manager's authorized designee, who shall be the
City's Economic Development Department Director.
iii. Agreement/Exhibits. Program participation is granted to the Participant pursuant to the
authorizing City Commission Resolution set forth in Article I. This Agreement includes the
Participant Application, incorporated herein by reference and attached hereto as Exhibit 1; the
Program Guidelines, incorporated herein by reference and attached hereto as Exhibit 2; and the
Disbursement Request Form, incorporated herein by reference and attached hereto as Exhibit 3.
iv. Obligation to Maintain Eligibility. Participant has an ongoing obligation to adhere to the terms
and conditions of this Agreement during the Term in order to remain eligible to participate in the
Program.
v. Maximum Subsidy Award. The subsidy award ("Award") is limited in the following amounts,
subject to appropriation and budgetary approval by the City Commission during each fiscal year:
a. Program Term: $60,000.00 over three (3) years
b. Annually: $20,000.00 over 12 months
c. Monthly: Not to exceed $2,500.00
Article Ill Reimbursement Payments
The Program is intended to elevate and enhance the character of the ADCD. To demonstrate that
the Participant's participation in the Program furthers this purpose, the Participant is eligible to
receive reimbursement of Qualified Expenses (as defined in subsection iii) relating to a valid
commercial lease of the property identified in Article I (the "Property") or evidence of ownership or
purchase of the Property.
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ii. Conditions Precedent. Reimbursement of Qualified Expenses is contingent upon the following:
(1) Application approval via City Commission Resolution; (2) Execution of this Agreement; (3)
Execution of a valid lease agreement for the Property(where applicable); (4)Annual appropriation
of Program funding by the City Commission; (5) Verification by the City of Qualified Expenses
submitted pursuant to the Disbursement Request Form; and (6) Continuous compliance with this
Agreement and Program Guidelines. The City maintains the right to withhold reimbursement if the
Participant is found noncompliant with this Agreement, Program Guidelines, or City or State
regulations.
iii. Qualified Expenses. Qualified Expenses are costs that are documented as paid, that are incurred
on or after the Expense Eligibility Date identified in Article 1 (iv) herein, and related to any of the
following:
a. If Participant is a lessee or tenant at the Property:
1. Rent
2. Insurance required to be maintained pursuant to the lease
3. Real estate taxes required to be paid pursuant to the lease
4. BTR fees
b. If Participant is the property owner of the Property:
1. Mortgage fees
2. Property insurance
3. Real estate taxes (including special assessments)
4. BTR fees
iv. BTR Fee Reimbursement. In addition to the Award (i.e., a maximum of$20,000.00 annually), the
City will reimburse Participant the total annual City BTR fees associated with the business
operations on the Property. Without limiting the foregoing, and solely for clarification purposes, the
amount of the City BTR fees does not limit or contribute towards the $20,000.00 Award.
v. Expense Eligibility. Verification of expense eligibility is subject to the sole and absolute discretion
of the City. Expenses may be deemed ineligible for reimbursement if any of the following
circumstances:
a. Property owner and tenant business have not executed a lease agreement:
b. Lease agreement is not valid and/or effective;
c. The Property has not received a certificate of use (CU); or
d. Either the property owner or the tenant business has not obtained a valid and
active BTR.
vi. Frequency of Reimbursement. The Participant may submit to the City a request for
reimbursement of Qualified Expenses no more frequently than once per quarter, to be submitted
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within ten (10) days from the end of each quarter, utilizing the Disbursement Request Form,
attached hereto as Exhibit 3.
vii. Installment Payment Amount. The amount of the installment reimbursement payment is
calculated based on the Qualified Expenses submitted for verification and deemed eligible by the
City, in its sole discretion. The installment payment shall not exceed $2,500.00 per month or fifty
percent(50%)of the total monthly Qualified Expenses, whichever is less. The cumulative amount
of installment payments within 12 months shall not exceed $20,000.00 in the aggregate plus the
annual reimbursement for the City's BTR payment.
viii. Backup Documentation.The Participant must submit copies of expense documentation for review
by the City prior to the reimbursement of expenses. Incomplete records or unsupported
reimbursement requests will delay review and the submission of falsified records will result in the
termination of this Agreement. Digital copies of the following are acceptable:
a. Receipts and/or paid invoices;
b. Proof of payment(copy of checks or bank statements or ACH);
c. Licensing documentation and other governmental records; and
d. Photos of new business operation.
Article IV/ Compliance Requirements
Oversight and Compliance. The Award is authorized with the understanding that the Program
will enhance, diversify, and develop the City's economic climate. To demonstrate that the Award is
fulfilling, or has fulfilled, its purpose, the Participant must furnish the City with all related documents
necessary to verify the Participant's compliance with the Program requirements. This
documentation must be received by the City staff within the Term of the Program. City staff may
monitor and conduct an evaluation of the Participant's business, which may include, without
limitation, onsite visits to observe the Property.
ii. Expense Verification and Submission Requirements. City staff will administer the Program
and evaluate Participant compliance. Participants will be monitored throughout the Term to ensure
compliance with this Agreement. Reimbursement of Qualified Expenses will only be issued after the
Participant has satisfied all commitments as set forth in this Agreement.
iii. Accounting and Financial Review. Participant shall keep accurate receipts and records of all
expenses and financial documents relating to the Program in accordance with reasonable
accounting standards and shall retain such receipts and records for the later of at least four (4)
years after completion of the Program, or at least two (2) years after the expiration of the Term. At
the City's request, Participant shall provide reasonable access to its files, records and personnel,
during regular business hours, for the purpose of making financial audits, evaluations or
verifications related to the Program, as the City deems necessary. Further, the City may, at its
expense, audit or have audited, all personnel and financial records related to the Program.
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iv. Default and Termination.
a. Notice. In the event Participant shall fail to comply with any of the covenants,
terms,or provisions of this Agreement including, without limitation, Participant's failure to: (i)comply
with the Program Guidelines; (ii) utilize Award funds for the Qualified Expenses as purported; (iii)
timely submit reports or documentation when due, as required under this Agreement;or(iv)comply
with any other term or condition of this Agreement, the City Manager or designee shall issue written
notice to the Participant and provide Participant with thirty (30) days to cure the default. If, at the
City Manager's sole discretion, the default is cured within that period, continued participation in the
Program may be allowed. If, however, the Participant fails to cure the default, or defaults two or
more times within a period of one(1)year, no further cure period shall be allowed, and upon written
notice to Participant, the City Manager may terminate this Agreement, with written notice to the
Participant, thereby relieving the City of any further obligation to Participant under this Agreement.
In the event Participant shall fail to comply with any of the covenants, terms, or provisions of this
Agreement including, without limitation, Participant's failure to: (i) comply with the Program
Guidelines; (ii) utilize Award funds for the Qualified Expenses as purported; (iii) timely submit
reports or documentation when due,as required under this Agreement; or(iv)comply with any other
term or condition of this Agreement, the City Manager or designee shall issue written notice to the
Participant and provide Participant with thirty(30)days to cure the default. If, at the City Manager's
sole discretion, the default is cured within that period, continued participation in the Program may
be allowed. If, however, the Participant fails to cure the default, or defaults two or more times within
a period of one (1) year, no further cure period shall be allowed, and upon written notice to
Participant, the City Manager may terminate this Agreement, with written notice to the Participant,
thereby relieving the City of any further obligation to Participant under this Agreement.
b. Delinquent Fees and Taxes. Where a Participant is delinquent in paying its
taxes, fines, or any other fees due to the City, including in the City's regulatory capacity, or in
connection with any other agreements between the City and Participant, the City may withhold any
further Subsidy Payments until the Participant becomes current. Where a Participant is more than
one (1) year delinquent, the Participant's Award may be canceled and/or the Participant may be
disqualified from participating in the Program; following such cancellation or disqualification, the
City shall have no further obligation to the Participant under this Agreement.
c. Fraud or Material Misrepresentations. Additionally, if the default is of a nature
that cannot be cured, such as fraud or a material misrepresentation in connection with Participant's
performance under this Agreement,the termination shall be effective upon receipt of the termination
notice and no cure period shall apply.
d. Recapture of Funds. Further, in the event that the City, in its sole discretion,
finds that the Award funds were ineligible payments under the terms of this Agreement, whether as
a result of fraud, misrepresentation, or negligence of Participant, Participant shall be required to
repay to the City all or a portion of the Award payments received by Participant, due and payable
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within thirty (30) days from the date Participant receives a written demand for recapture from the
City.
e. Miscellaneous. Participant further acknowledges and agrees that any Default
may, at the City's sole discretion, render Participant ineligible for any future Award funds. These
provisions shall not waive or preclude the City from pursuing any and all remedies at law and in
equity. Notwithstanding any provision of this Agreement to the contrary, and without regard to
whether City has exercised the Default provisions thereof, the City reserves the right, at its sole and
absolute discretion, to discontinue funding of the Award if it is not satisfied with the terms of the
lease, the business activities conducted at the Property or Participant's performance under this
Agreement.
v. Florida Public Records Law.
a. Participant shall comply with Florida Public Records law under Chapter 119, Florida
Statutes, as may be amended from time to time.
b. The term "public records' shall have the meaning set forth in Section 119.011(12), which
means all documents, papers, letters, maps, books, tapes, photographs, films, sound recordings,
data processing software, or other material, regardless of the physical form, characteristics, or
means of transmission, made or received pursuant to law or ordinance or in connection with the
transaction of official business of the City.
c. Pursuant to Section 119.0701 of the Florida Statutes, if Participant meets the definition of
"Contractor" as defined in Section 119.0701(1)(a), Participant shall:
1. Keep and maintain public records required by the City to perform the
service;
2. Upon request from the City's custodian of public records, provide the City
with a copy of the requested records or allow the records to be inspected or copied within
a reasonable time at a cost that does not exceed the cost provided in Chapter 119, Florida
Statutes or as otherwise provided by law;
3. Ensure that public records that are exempt or confidential and exempt from
public records disclosure requirements are not disclosed, except as authorized by law, for
the duration of the contract term and following completion of this Agreement if Participant
does not transfer the records to the City;
4. Upon completion of this Agreement, transfer, at no cost to the City, all
public records in possession of Participant or keep and maintain public records required by
the City to perform the service. If Participant transfers all public records to the City upon
completion of this Agreement, Participant shall destroy any duplicate public records that
are exempt or confidential and exempt from public records disclosure requirements. If
Participant keeps and maintains public records upon completion of this Agreement,
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Participant shall meet all applicable requirements for retaining public records. All records
stored electronically must be provided to the City, upon request from the City's custodian
of public records, in a format that is compatible with the information technology systems of
the City.
d. Request for Records; Noncompliance.
1. A request to inspect or copy public records relating to the City's contract
for services, must be made directly to the City. If the City does not possess the requested
records, the City shall immediately notify Participant of the request, and Participant must
provide the records to the City or allow the records to be inspected or copied within a
reasonable time.
2. Participant's failure to comply with the City's request for records shall
constitute a breach of this Agreement, and the City,at its sole discretion, may: (1)unilaterally
terminate this Agreement; (2) avail itself of the remedies set forth under this Agreement;
and/or(3) avail itself of any available remedies at law or in equity.
3. If Participant fails to provide the public records to the City within a
reasonable time may be subject to penalties under s. 119.10.
e. Civil Action.
1. If a civil action is filed against Participant to compel production of public
records relating to the City's contract for services, the court shall assess and award against
Participant the reasonable costs of enforcement, including reasonable attorneys' fees, if:
i. The court determines that Participant unlawfully refused to comply with
the public records request within a reasonable time; and
ii. At least 8 business days before filing the action, the plaintiff provided
written notice of the public records request, including a statement that Participant has
not complied with the request, to the City and to Participant.
2. A notice complies with subparagraph (1)(ii) if it is sent to the City's
custodian of public records and to Participant at Participant's address listed on its agreement
with the City or to Participant's registered agent. Such notices must be sent by common
carrier delivery service or by registered, Global Express Guaranteed, or certified mail, with
postage or shipping paid by the sender and with evidence of delivery, which may be in an
electronic format.
3. If Participant complies with a public records request within 8 business
days after the notice is sent, Participant shall not be liable for the reasonable costs of
enforcement.
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f. IF PARTICIPANT HAS QUESTIONS REGARDING THE
APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO
PARTICIPANT'S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO
THIS AGREEMENT, CONTACT THE CUSTODIAN OF PUBLIC RECORDS:
CITY OF MIAMI BEACH
ATTENTION: RAFAEL E. GRANADO, CITY CLERK
1700 CONVENTION CENTER DRIVE
MIAMI BEACH, FLORIDA 33139
EMAIL: RAFAELGRANADO@MIAMIBEACHFL.GOV
PHONE: 305-673-7411
vi. Inspector General Audit Rights.
a. Pursuant to Section 2-256 of the Code of the City of Miami Beach, the City's Office of the
Inspector General may, on a random basis, perform reviews, audits, inspections and investigations
on all City contracts, throughout the duration of said contracts. This random audit is separate and
distinct from any other audit performed by or on behalf of the City.
b. The Office of the Inspector General is authorized to investigate City affairs and
empowered to review past, present and proposed City programs, accounts, records, contracts and
transactions. In addition, the Inspector General has the power to subpoena witnesses, administer
oaths, require the production of witnesses and monitor City projects and programs. Monitoring of
an existing City project or program may include a report concerning whether the project is on time,
within budget and in conformance with the contract documents and applicable law. The Inspector
General shall have the power to audit, investigate, monitor, oversee, inspect and review operations,
activities, performance and procurement process including but not limited to project design, bid
specifications,(bid/proposal)submittals,activities of Participant, its officers, agents and employees,
lobbyists, City staff and elected officials to ensure compliance with the contract documents and to
detect fraud and corruption. Pursuant to Section 2-378 of the City Code, the City is allocating a
percentage of its overall annual contract expenditures to fund the activities and operations of the
Office of Inspector General.
c. Upon ten (10) days written notice to Participant, Participant shall make all requested
records and documents available to the Inspector General for inspection and copying. The
Inspector General is empowered to retain the services of independent private sector auditors to
audit, investigate, monitor, oversee, inspect and review operations activities, performance and
procurement process including but not limited to project design, bid specifications, (bid/proposal)
submittals, activities of Participant, its officers, agents and employees, lobbyists, City staff and
elected officials to ensure compliance with the contract documents and to detect fraud and
corruption.
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d. The Inspector General shall have the right to inspect and copy all documents and records
in Participant's possession, custody or control which in the Inspector General's sole judgment,
pertain to performance of the contract, including, but not limited to original estimate files, change
order estimate files, worksheets, proposals and agreements from and with successful
subcontractors and suppliers, all project-related correspondence, memoranda, instructions,
financial documents, construction documents, (bid/proposal)and contract documents, back-change
documents, all documents and records which involve cash, trade or volume discounts, insurance
proceeds, rebates, or dividends received, payroll and personnel records and supporting
documentation for the aforesaid documents and records.
e. Participant shall make available at its office at all reasonable times the records, materials,
and other evidence regarding the acquisition(bid preparation)and performance of this Agreement,
for examination, audit, or reproduction, until three (3) years after final payment under this
Agreement or for any longer period required by statute or by other clauses of this contract. In
addition:
1. If this Agreement is completely or partially terminated, Participant shall
make available records relating to the work terminated until three (3) years after any
resulting final termination settlement; and
2. Participant shall make available records relating to appeals or to litigation
or the settlement of claims arising under or relating to this Agreement until such appeals,
litigation, or claims are finally resolved.
f. The provisions in this section shall apply to Participant, its officers, agents, employees,
subcontractors and suppliers. Participant shall incorporate the provisions in this section in all
subcontracts and all other agreements executed by Participant in connection with the performance
of this Agreement.
g. Nothing in this section shall impair any independent right to the City to conduct audits or
investigative activities. The provisions of this section are neither intended nor shall they be
construed to impose any liability on the City by Participant or third parties.
vii. Conflicts of Interest.
a. Participant agrees to adhere to and be governed by all applicable State, County,
and City conflict of interest laws including, without limitation, State of Florida Code of Ethics for
Public Officers and Employees, as set forth in Chapter 112, Florida Statutes, as may be amended
from time to time; Miami-Dade County Conflict of Interest and Code of Ethics Ordinance, as set
forth in Section 2-11.1 of the Miami-Dade County Code, as may be amended from time to time;and
by Section 2-446 et seq. of the City of Miami Beach Code of Ordinances regarding voting and
conflicts and disclosures of financial interests, as may be amended from time to time; all of which
are incorporated herein by reference as if fully set forth herein; and further acknowledges the
following:
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1. No officer, director, employee, agent, or other consultant of the City or a
member of the immediate family or household of the aforesaid has directly or indirectly
received or been promised any form of benefit, payment or compensation, whether tangible
or intangible, in connection with the approval of this Program;
2. There are no undisclosed persons or entities interested with the Participant
in this Agreement. This Agreement is entered into by Participant without any connection
with any other entity or person making a request for funding in the same Program, and
without collusion, fraud or conflict of interest. No elected or appointed officer or official,
director, employee, agent or other consultant of the City, or of the State of Florida (included
elected and appointed members of the legislative and executive branches of government),
or a member of the immediate family or household of any of the aforesaid:
i. is interested on behalf of or through the Participant directly or indirectly in
any manner whatsoever in the execution or the performance of this Agreement, or
in the services, supplies or work, to which this Agreement relates or in any portion
of the revenues; or
ii.is an employee, agent, advisor, or consultant to the Participant or to the
best of the Participant 's knowledge any subcontractor or supplier to the Participant.
3. Subject to the exceptions and provisions of(c)(2)through (c)(6)of Section
2-11.1 of the Miami-Dade County Code, Commissioners, autonomous personnel, quasi-
judicial personnel, advisory personnel, department personnel, employees or member of his
or her immediate family(all as defined in Section 2-11.1(b)of the Miami-Dade County Code)
of the City are prohibited from entering into any contract or transacting any business in which
he or she or a member of his or her immediate family has a financial interest, direct or
indirect, with the City or any person or agency acting for the City, and any such contract,
agreement or business engagement entered in violation of this subsection shall render the
transaction voidable.
4. Subject to the exceptions and provisions of(c)(2) through (c)(6)of Section
2-11.1 of the Miami-Dade County Code, City Commissioners, autonomous personnel,
quasi-judicial personnel, advisory personnel, department personnel, employees or a
member of the immediate family of the aforesaid is prohibited from entering into any contract
or transacting any business through a firm, corporation, partnership or business entity in
which the aforesaid or any member of his or her immediate family has a controlling financial
interest(as defined in Section 2-11.1(b)of the Miami-Dade County Code), direct or indirect,
with the City or any person or agency acting for the City, and any such contract, agreement
or business engagement entered in violation of this subsection shall render the transaction
voidable.
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5. Pursuant to Section 2-446 of the City's Code of Ordinances, it is the policy
of the City Commission that no officer or employee of the City, or any of its agencies or
subdivisions, and no member of the City Commission, shall have any interest, financial or
otherwise, direct or indirect, or engage in any business transaction, or professional activity,
or incur any obligation of any nature that is in substantial conflict with the proper discharge
of his/her duties in the public interest.
6. The provisions of this Article vii are supplemental to, not in lieu of, all
applicable laws with respect to conflict of interest. In the event there is a difference between
the standards applicable under This Article and those provided by statute, the stricter
standard shall apply.
7. In the event Participant has no prior knowledge of a conflict of interest as
set forth above and acquires information which may indicate that there may be an actual or
apparent violation of any of the above, Participant shall promptly bring such information to
the attention of the City's representative. Participant shall thereafter cooperate with the
City's review and investigation of such information and comply with the instructions
Participant receives from the City's representative in regard to remedying the situation.
viii. Prohibition on Contracting with an Individual or Entity which has Performed Services for
compensation to a Candidate for City Elected Office. Participant warrants and represents that,
within two(2)years after the Effective Date, Participant has not received compensation for services
performed for a candidate for City elected office, as contemplated by the prohibitions and
exceptions of Section 2-379 of the City Code.
For the avoidance of doubt, the restrictions on contracting with the City pursuant to Section 2-379
of the City Code shall not apply to the following:
Any individual or entity that provides goods to a candidate for office;
ii. Any individual or entity that provides services to a candidate for office if those same
services are regularly performed by the individual or entity in the ordinary course of
business for clients or customers other than candidates for office. This includes, without
limitation, banks, telephone or internet service providers, printing companies, event
venues, restaurants, caterers, transportation providers, and office supply vendors; or
iii. Any individual or entity which performs licensed professional services (including
for example, legal or accounting services.
ix. Participant's Compliance with Anti-Human Trafficking Laws. Participant agrees to comply
with Section 787.06, Florida Statutes, as may be amended from time to time, and has executed the
Certification of Compliance with Anti-Human Trafficking Laws, as required by Section 787.06(13),
Florida Statutes, a copy of which is attached hereto as Exhibit 4.
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x. Prohibition on Contracting with a Business engaging in a Boycott. Participant warrants
and represents that it is not currently engaged in, and will not engage in, a boycott, as defined in
Section 2-375 of the City Code. In accordance with Section 2-375.1(2)(a) of the City Code,
Participant hereby certifies that Participant is not currently engaged in, and agrees for the duration
of this Agreement to not engage in, a boycott of Israel.
xi. Notices. Any notices required under this Agreement will be effective when delivered to the City in
writing and addressed to the City Manager's designee:
Economic Development Director
1700 Convention Center Drive
Miami Beach, FL 33139
305-673-7000 ext. 26186
MBBiz@miamibeachfl.gov
Any required notice to Participant shall be delivered in writing to Participant's contact.
Article V/ Miscellaneous Provisions
Indemnification. Participant agrees to indemnify, defend, save and hold harmless the City, its
officers, employees or agents, from any and all claims, liability, lawsuits, damages and causes of
action which may arise out of this Agreement, including Participant's participation in this Program.
ii. Assignment. Participant shall not be permitted to assign this Agreement, and any purported
assignment will be void, and shall be treated as an event of default pursuant to this Agreement.
iii. Discrimination. Participant also accepts and agrees to comply with the following Special
Conditions:
a. Participant hereby agrees that it will comply with Title VII of the Civil Rights Act of
1964(Pub. L.88-352)(Title VII), as amended,as it appears in volume 42 of the United States Code,
beginning at Section 2000e, prohibiting employment discrimination based on race, color, religion,
sex and national origin.
b. Participant hereby agrees that it will comply with City's Human Rights Ordinance
as codified in Chapter 62 of the City Code, as may be amended from time to time, prohibiting
discrimination in employment (including independent contractors), housing, public
accommodations, public services, and in connection with its membership or policies because of
actual or perceived race, color, national origin, religion, sex, intersexuality, gender identity, sexual
orientation, marital and familial status, age, disability, ancestry, height, weight, hair texture and/or
hairstyle, domestic partner status, labor organization membership, familial situation, or political
affiliation.
c. The City endorses, and Participant shall comply with, the clear mandate of the
Americans with Disabilities Act of 1990 (ADA) to remove barriers, which prevents qualified
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individuals with disabilities from enjoying the same employment opportunities that are available to
persons without disabilities.
d. The City also endorses the mandate of the Rehabilitation Act of 1973 and Section
504 and prohibits discrimination on the basis of disability and requires that Participant provides
equal access and equal opportunity and services without discrimination on the basis of any
disability.
iv. Compliance with Applicable Laws. In its operation of the business at the Property, Participant
shall comply with all applicable laws, ordinances, and regulations of the City, Miami-Dade County,
the State of Florida, and the federal government, as applicable.
v. Governing Law, Venue, and Attorney's Fees. This Agreement shall be governed by, and
construed in accordance with, the laws of the State of Florida, both substantive and remedial,
without regard to principles of conflict of laws.
The exclusive venue for any litigation arising out of this Agreement shall be Miami-Dade County,
Florida, if in State court, and the U.S. District Court, Southern District of Florida, if in federal court.
in connection with any litigation arising out of this Agreement, each party shall bear their own costs
and attorney's fees.
BY ENTERING INTO THIS AGREEMENT, THE CITY AND PARTICIPANT EXPRESSLY WAIVE
ANY RIGHTS EITHER PARTY MAY HAVE TO A TRIAL BY JURY OF ANY CIVIL LITIGATION
RELATED TO, OR ARISING OUT OF, THIS AGREEMENT.
REMAINDER OF PAGE INTENTIONALLY LEFT BLANK
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Docusign Envelope ID:EOOSEC5C-BE54-4D47-A6E6-F6084D124BF1
IN WITNESS WHEREOF, the parties hereto have executed this Agreement.
FOR CITY: CITY OF MIAMI BEACH, FLORIDA
ATTEST: x4
/1
By: �Cl ( .(' .7:: .4-:-
Rafael E. Granado, City Clerk Eric T. Carpenter, City Manager
OCT 0 6 2025
Date
FOR PARTICIPANT: O
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EDGELORD LLC
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Y V lF3L3l.
Jon Lutzky, COO
Jonathan Lutzky COO
Print Name and Title
9/4/2025
Date
APPROVED AS TO
FORM & LANGUAGE
OR EXECUTION
&
11 tt't--- ( lQ(,2c
City Attorney '?f9P Date
Page 14 of 18
Exhibit 1
APPLICATION FORM
(to be attached)
MIAMI BEACH Miami Beach Economic Development - Commercial
ECONOMIC DEVELOPMENT Lease Subsidy Application FY24-25
EDGELORD LLC
Application #CLSAPP24250001
Name: Jon Lutzky
Phone: (954) 354-2434
Email: billing@edglyd.com
Applicant Profile
Applicant Type Organization
Name Jon Lutzky
Legal Name EDGELORD LLC
Email billing@edglyd.com
Primary Phone (954)354-2434
Address 415 Australian Avenue
Miami, Florida 33480
UNITED STATES
Website https://edgIrd.com
501(c)(3) Incorporation Date 10/19/2021
FEIN/Tax ID 87-3605900
Fiscal Year End Date 01/31
Unique Entity ID(UEI) CCVLYSDNZ5X7
Mission Statement
EDGLRD is a visionary designer collective leveraging advanced technology and Al to redefine the struggling
entertainment industry. By blending film, fashion, music, and digital art,we create groundbreaking cross-
disciplinary experiences that push the boundaries of creativity and technology. Collaborating with leading
artists, musicians, and filmmakers, our mission is to deliver innovative,culturally rich,and visually captivating
projects that transform how art and entertainment are perceived globally.
Organization History
Founded in 2021 by renowned film director Harmony Korine and Matt Holt, President of Private Equity at New
Mountain Capital and President of The Paris Review, EDGLRD was created to revolutionize the entertainment
industry.The company made its debut in 2023 with the premiere of AGGRO DR1 FT at the Venice Film
Festival. Since then, EDGLRD has collaborated with A-list celebrities like Kim Kardashian, Travis Scott, Marc
Jacobs, Nike,and The Weeknd, and hosted the iconic Boiler Room event during Art Basel 2023, making a
cultural impact across music, film, video games, and fashion. Our success and innovation in tech and Al
platforms attracted significant investment,raising support from prominent Al investors,including the Reuben
brothers. In 2024, EDGLRD premiered its second film, BABY Invasion, at the Venice Film Festival, with more
protects set to release throughout late 2024 and into 2025.The company is preparing for a second funding
round by the end of 2024 and into early 2025.
I #CLSAPP24250001 Page 1 of 15
MIAMI BEACH Miami Beach Economic Development - Commercial
ECONOMIC D vE1oPMENI Lease Subsidy Application FY24-25
EDGELORD LLC
Application #CLSAPP24250001
Name: jon Lutzky
Phone: (954) 354-2434
Email: billing@edglyd.com
Intent to Apply
Welcome to the Intent to Apply section for the Miami Beach Commercial Lease Subsidy Program!
By expressing your"Intent to Apply", you're taking the first step towards accessing financial assistance with
your commercial lease in the Art Deco/MiMo Commercial Character Overlay District. Submitting this form is
mandatory before gaining access to the Program application form.
Before you begin, please review the Program Guidelines.. Compliance with the Program Guidelines is key to
submission of a complete and valid application.
Submitting your"Intent to Apply" requires providing answers to a series of question that will help us understand
your commercial lease and confirm your eligibility for Program participation.
I. Applicant of Record: Identify who will handle the application process and whether that individual
represents the property owner or a prospective business looking to take advantage of the grant program.
II. Subject Property: For the commercial property to be leased by a new business, provide the property
owner name, address, and tax folio.
III. Existing Tenant:Answer yes or no, whether an existing business currently operates at the subject
property. If applicable, provide the name of the existing business operating onsite, business
owner/contact information (name, phone number, email address)business tax receipt (BTR) number and
indicate the type of business establishment.
IV. Prospective Tenant: Is there a prospective tenant under consideration for the property? If applicable,
provide the name of the prospective business, business owner/contact information (name, phone
number, email address), business tax receipt (BTR) number, and indicate the type of business
establishment.
Please note that submitting an Intent to Apply does not complete the application. Once you submit your intent,
please contact the City's Economic Development Department with your application number to schedule your
Pre-Submittal Conference (PSC).
City of Miami Beach Economic Development Department
Email: mhhi,/lmiomihoot'hfi gov
Phone: 305-673-7572
During the PSC, you'll discuss your application, business needs, and how the Commercial Lease Subsidy
Program can be tailored to maximize your business growth in Miami Beach. Completion of a PSC is required
to move forward and submit an official application.
#CLSAPP24250001 Page 2 of 15
MIAMI BEACH Miami Beach Economic Development - Commercial
ECONOMIC DEVELOPMENT Lease Subsidy Application FY24-25
EDGELORD LLC
Application #CLSAPP24250001
Name: Jon Lutzky
Phone: (954) 354-2434
Email: billing@edglyd.com
Thank you for choosing Miami Beach as the location for your business, and we look forward to assisting you in
your application journey!
I. APPLICANT OF RECORD
The Applicant of Record is the individual/entity that will submit the application, assume responsibility
for the grant,and to whom funds will be disbursed.Please specify who will fill out the application and
handle the application process.
Full Name
EDGELORD LLC
Phone Number
9543542434
Email Address
billing@edglyd.com
Is the Applicant of Record a
. Property owner whose commercial properly will be subject of the application
. Business wishing to participate as tenant at a property owned by someone else
Please select one:
Tenant Business
Subject Property Occupancy Status
Please select one:
The Subject Property is not currently occupied
Il.SUBJECT PROPERTY
For Applicants of Record that own the commercial property that will be leased by a new business
(currently vacant). Please ensure that the subject property is located within the Program's geographic
boundaries.
Subject Property Address
Subject Properly Folio Number
Please provide the 13-digit parcel identifier assigned to the property by Miami-Dade County
commencing with "02-".
#CLSAPP24250001 Page 3 of 15
MIAMI BEACH Miami Beach Economic Development - Commercial
ECONOMIC DEVELOPMENT Lease Subsidy Application FY24-25
EDGELORI I I C,
Application #CLSAPP24250001
Name: Jon Lutzky
Phone: (954) 354-2434
Email: billing@edglyd.com
Owner of Title
Please identify the owner of title to the Subject Property.
Owner Authorized Representative
Please identify an Authorized Representative if the Property Owner is not a natural person. (May be
completed as "N/A" if it doesn't apply)
Owner Authorized Representative Email
II. SUBJECT PROPERTY
For Applicants of Record that own the commercial property with an existing Tenant Business. Please
ensure that the subject property is located within the Program's geographic boundaries.
Business Registered Name
Business D/B/A(if applicable)
Primary Business Activities
Date Business Operation began at Subject Property
Business Tax Receipt Number
Authorized Representative Name &Title
Authorized Representative Email
II. SUBJECT PROPERTY
For Applicants of Record that are prospective Tenant Business. Please ensure that the subject
property is locates t::th:^ the ur.,nr,m'c nPnnranhir hr iinrlarlPQ
Yes
Prospective Property Address
230 Lincoln Road
Name of Prospective Property Landlord/Owner
#CLSAPP24250001 Page 4 of 15
MIAMI BEACH Miami Beach Economic Development - Commercial
ECONOMIC DEVELOPMENT Lease Subsidy Application FY24-25
EDGELORD LLC
Application #CLSAPP24250001
Name: Jon Lutzky
Phone: (954) 354-2434
Email: billing@edglyd.com
Vivian. Dimond 1 230 Lincoln MB Title LLC
III.TENANT BUSINESS APPLICANT
Information regarding the Tenant Business. If Property Owner is Applicant of Record and Subject
Property is currently vacant,respond with "Vacant"to each question.
Business Registered Name
EDGLRD LLC
Business D/B/A (if applicable)
EDGLRD LLC
Primary Business Activities
EDGLRD is a visionary designer collective leveraging advanced technology and Al to redefine the struggling
entertainment industry. By blending film, fashion, music, and digital art, we create groundbreaking cross
disciplinary experiences that push the boundaries of creativity and technology. Collaborating with leading artists
and filmmakers, our mission is to deliver innovative, culturally rich, and visually captivating projects that
transform how art and entertainment are perceived globally.
Registered Address
415 Australian Avenue
Existing Miami Beach Locations (if any)
None
Acknowledgements
As the applicant, please confirm the acknowledgments below.
. I have read and understood the Program Guidelines.
• I understand that submitting an Intent to Apply Letter does not constitute a complete application.
. I understand that I must complete a Pre-Submittal Conference with the Miami Beach Economic
Development Department in order to move forward with an application.
I have read and understood the Program Guidelines.
I understand that submitting an Intent to Apply Letter does not constitute a complete application.
I understand that I must complete a Pre-Submittal Conference with the Miami Beach Economic Development
Department in order to move forward with an application.
#CLSAPP24250001 Page 5 of 15
MIAMI BEACH Miami Beach Economic Development - Commercial
ECONOMIC DEVELOPMEN I Lease Subsidy Application FY24-25
EDGELORD LLC
Application #CLSAPP24250001
Name: Jon Lutzky
Phone: (954) 354-2434
Email: billing@edglyd.com
Subject Property
Subject Property Address:
230 Lincoln Road
Miami-Dade County Tax Folio:
02-3234-019-0860
Property Title Owner Name/Entity:
230 LINCOLN MB TITLE LLC
#CLSAPP24250001 Page 6 of 15
M I AM I BEACH Miami Beach Economic Development - Commercial
ECONOMIC DEVELOPMENT Lease Subsidy Application FY24-25
EDGELORD LLC
Application #CLSAPP24250001
Name: Jon Lutzky
Phone: (954) 354-2434
Email: billing@edglyd.com
Property Owner Information
Business Registered Name:
245 LINCOLN MB TITLE LLC
Business dba:
(if applicable)
230 Lincoln MB
Authorized Representative Name
Daniel Dominguez
ddominguez@bayshoregrovemgmt.com
Authorized Representative Name:
Jon Lutzky
Authorized Representative Email:
jon@edglyd.com
Authorized Representative Phone:
2157760717
Website:
https://edglyd.com/
Mailing Address:
230 Lincoln Road
Has the company or any of its officers ever been subjected to criminal or civil fines and penalties?
No
If yes, briefly explain:
Federal Employer Identification (FEIN):
87-3605900
Miami Beach Business Tax Receipt(BTR):
7685462
Annual Miami Beach BTR Fee:
#CLSAPP24250001 Page 7 of 15
MIAMI BEACH Miami Beach Economic Development - Commercial
ECONOMIC DEVELOPMENT Lease Subsidy Application FY24-25
EDGELORD LLC
Application #CLSAPP24250001
Name: Jon Lutzky
Phone: (954)354-2434
Email: billing@edglrri corn
135
Florida Sales Tax Registration Number:
(if applicable)
NAICS Code(s):
513130
SIC Code(s):
27310200
L #CLSAPP24250001 Page 8 of 15
M I AM I BEACH Miami Beach Economic Development - Commercial
ECONOMIC DEVELOPMENT Lease Subsidy Application FY24-25
EDGELORD LLC
Application #CLSAPP24250001
Name: Jon Lutzky
Phone: (954) 354-2434
Email: billing@edglyd.com
Proposed Lease Agreement
Tenant Business:
Arts & Culture Business
Landlord Name:
230 LINCOLN MB TITLE LLC
Are Landlord and Tenant related to each other? "Related" means a relationship that might call into
question the arms-length nature of a customary transaction because the parties are not independent
or on equal footing, including, but not limited to,relatives and business partners.
No
If yes, please briefly explain
Lease Execution Date:
2023-10-02
Lease Effective Date:
2024-12-01
Lease Term Expiration Date:
6/01/2032
Rent Commencement Date:
01/01/2025
Initial Term (months):
96
Renewal Terms (months):
2 additional periods of 5 years
Size of Leased Premises (sq. ft.):
9.358 indoor square foot/6.675 outdoor square foot
Rent(annual & monthly):
Aggregate Annual Rent: $665,835.12 Aggregate Monthly Rent: $55,486.26
Mortgage (annual & monthly):
#CLSAPP24250001 Page 9 of 15
M I AM I BEACH Miami Beach Economic Development - Commercial
Lease Subsidy Application FY24-25
ECONOMIC DEVELOPMENT
EDGELORD LLC
Application #CLSAPP24250001
Name: Jon t-utzky
Phone: (954)354-2434
1=rnail: billing@edglyd.com
N/A
Lease-related Expenses:
$300,000 was given to us from landlord for office buildout and we spent 800K working on our buildout
Briefly explain the type of expenses for which reimbursement will be requested
We invested$800K on top of the$300K provided for the build-out to make the space TCO/CO compliant.
Required Annual Reporting of Business Activity
Participants will be required to annually submit information regarding the business, for use by the City
in tracking the Program's impact on commercial activity.The data requested includes, but is not
limited to, the amount of capital investment in real and personal property associated with the property
(e.g., costs related to construction, renovation, buildout improvements, and/or fixtures,furniture, and
equipment(FF&E)) and employment and wage data (e.a., number of full- and part-time jobs at the
property and associated wages).The information submitted will only be used internally by the City for
Program tracking and will have no bearing on the participant's Program eligibility. Failure to comply
with the City's request for information may result in the denial of reimbursement funds.
I have read and understood the Annual Reporting requirement
#CLSAPP24250001 Page 10 of 15
MIAMI BEACH Miami Beach Economic Development - Commercial
ECONOMIC DEVELOPMENT Lease Subsidy Application FY24-25
EDGELORD LLC
Application #CLSAPP24250001
Name: Jon Lutzky
Phone: (954) 354-2434
Email: billing@edglyd.com
Existing Tenant / NonConforming Business
Does subject property contain an active business operation?
No
Business dba:
(if applicable)
Primary Business Activities:
Authorized Representative Name &Title
Authorized Representative Email
Authorized Representative Phone:
Website:
Mailing Address:
Has the company or any of its officers ever been subjected to criminal or civil fines and penalties?
If yes, please provide details
Federal Employer identification (FEIN):
Miami Beach Business Tax Receipt(BTR):
Annual Miami Beach BTR Fee:
Florida Sales Tax Registration Number
NAICS Code(s):
(Look up code here:https://www.naics.com/search/)
SIC Code(s):
#CLSAPP24250001 Page 11 of 15 I
M I AM I B EAC H Miami Beach Economic Development - Commercial
ECONOMIC GFVF(OPMENT Lease Subsidy Application FY24-25
EDGELORD LLC
Application #CLSAPP24250001
Name. Jon Lutzky
Phone: (954) 354-2434
Email: billing@edgird.com
Prospective / New Tenant (Permitted Use or Art & Culture Business)
Has a prospective tenant has been identified for Subject property?
Yes
Business Registered Name
EDGELORD LLC
Business dba
EDGLRD
Primary Business Activities
EDGLRD
Authorized Representative Name &Title
Jon Lutzky. COO
Authorized Representative Email
jon@edglyd.com
Authorized Representative Email
}on@edglyd.com
Website:
www.edglyd.com
Mailing Address:
230 Lincoln Road
Has the company or any of its officers ever been subjected to criminal or civil fines and penalties?
No
If yes, please briefly explain:
reaerai Employer identification (rtiIN):
87-3605900
Miami Beach Business Tax Receipt(BTR):
7685462
Annual Miami Beach BTR Fee:
#CLSAPP24250001 Page 12 of 15
MIAMI BEACH Miami Beach Economic Development - Commercial
ECONOMIC DEVELOPMENT Lease Subsidy Application FY24 25
EDGELORD LLC
Application #CLSAPP24250001
Name: Jon Lutzky
Phone: (954) 354-2434
Email: billing@edglyd.com
135
Florida Sales Tax Registration Number
(if applicable)
60-8019329349-4
NAICS Code(s):
513130
SIC Code(s):
27310200
Estimated amount of annual reimbursement to be requested:
$800,000
I #CLSAPP24250001 Page 13 of 15 l
M I AM I BEACH Miami Beach Economic Development - Commercial
I AaCA Subsidy Application FY24-25
ECONOMIC DEVELOPMENI
EDGELORD LLC
Application #CLSAPP24250001
Name: jon Lutzky
Phone: (954) 354-2434
Email: billing@edglyd.com
Acknowledgement and Application Authorization
The Applicant acknowledges that adherence to the application and Program Guidelines is a
requirement for receipt of reimbursement award funds. Failure to comply with the Program Guidelines
may result in the loss of eligibility. Please check each statement in acknowledgement of the following:
. I acknowledge that receipt of any Program funds is conditioned upon continuous compliance
with the terms and conditions of the application and Agreement, as authorized by resolution of
the City Commission.
. I acknowledge that failure to comply with the terms and conditions of the approved application
and Agreement may result in my disqualification from the Program, the forfeiture of any
unissued award funds, and the requirement for repayment of funds I have already received.
• I agree to refrain from executing a lease agreement, or extension thereof, for the subject property
of this application, prior to final approval of my participation in the Program, as confirmed in
writing by the City of Miami Beach.
. I agree that Program participation requires that any lease agreement for the subject property will
contain a statement in standard font size that the property will be subject to these Program
requirements, rents payable will be reduced by an amount commensurate with the award,and
participation may be revoked if, during the Program term, any outstanding charges are unpaid
for more than one year.
• I acknowledge that the subject property cannot be approved for the Program if encumbered by
any delinquent ad valorem taxes, municipal and county liens, code enforcement violations,
judgments, and encumbrances of any kind.
. I agree to maintain business and financial records related to my business, the subject property,
and the tenant, and submit summary reports of such records, as requested by the City of Miami
Beach as part of reimbursement claim submissions.
• I agree to comply with efforts to monitor and verify my compliance with the Program, including
the City of Miami Beach's requests to review business records and/or perform onsite visits.
Receipt of any Program funds is conditioned upon continuous compliance with the terms and conditions of the
application and Agreement, as authorized by resolution of the City Commission.
Failure to comply with terms and conditions of the approved application and Agreement may result in my
disqualifinatinn from the Program, the forfeiture of any unissued award funds. and the requirement for
repayment of funds I have already received.
I agree to refrain from executing a lease agreement, or extension thereof, for the subject property of this
application, prior to final approval of my participation in the Program, as confirmed in writing by the City of
Miami Beach.
Program participation requires any lease agreement for the subject property to contain a statement that the
property will be subject to these Program requirements, rents payable will be reduced by an amount
ommensurate with the award.
#CLSAPP24250001 Page 14 of 15
Miami Beach Economic Development - Commercial
MIAMI BEACH Lease Subsidy Application FY24-25
ECONOMIC DEVROPMENT
EDGELORD LLC
Application #CLSAPP24250001
Name: Jon Lutzky
Phone: (954) 354-2434
Email: billing@edglyd.com
Participation may be revoked if. during the Program term, any outstanding lease agreement charges are
unpaid for more than one year.
Subject property cannot be approved for the Program if encumbered by any delinquent ad valorem taxes,
municipal and county liens, code enforcement violations. judgments, and encumbrances of any kind.
I agree to maintain business and financial records related to my business, the subject property, and the tenant.
and submit summary reports of such records, as requested by the City of Miami Beach as part of
reimbursement claim submissions.
I agree to comply with efforts to monitor and verify my compliance with the Program, including the City of
Miami Beach's requests to review business records and/or perform onsite visits.
Signature Affidavit-Property Owner
Signatures from all involved parties is required for the submission of an application.The signatory
must have legal signing authority to bind the company to a contract, i.e., executive officers and
owners. By signing this application,the Applicant(s) attests to be duly authorized to execute on behalf
of the company and its legal owner, as applicable.The Applicant confirms that it is duly authorized to
enter into contracts related to the subject property.Through application to the Program,the Applicant
provides consent to the City of Miami Beach to verify the company's business licensure, ownership of
property, and business records related to the company and the subject property.
The Applicant acknowledges that adherence to the application and Program Guidelines is a
requirement for receipt of reimbursement payments. Failure to comply with Program Guidelines may
result in the loss of eligibility for receipt of funds.
Economic Dev Signature Page.pdf
Signature Affidavit- New Tenant Business
Economic Dev Signature Page.pdf
(if applicable)
No File Uploaded
#CLSAPP24250001 Page 15 of 15
E
Exhibit 2
PROGRAM GUIDELINES
(to be attached)
Page 16 of 18
AlIN
Exhibit 3
DISBURSEMENT REQUEST FORM
Commercial Lease Subsidy Program
Property Address:
Participant Name:
Participant Representative/Contact:
Phone:
Email:
Qualified Expense Description
Name and Title:
Signature:
Date:
Page 17 of 18
Docusgn Envelope 1D:E005EC5C-BE54-41)47-A6E6F6004D124BF1
Exhibit 4
ANTI-HUMAN TRAFFICKING AFFIDAVIT
In accordance with Section 787.06(13), Florida Statutes,the undersigned,on behalf of Participant hereby
attests under penalty of perjury that Participant does not use coercion for labor or services as defined in
Section 787.06, Florida Statutes, entitled"Human Trafficking".
I understand that I am swearing or affirming under oath to the truthfulness of the claims made in this
affidavit and that the punishment for knowingly making a false statement includes fines and/or
imprisonment.
The undersigned is authorized to execute this affidavit on behalf of Participant.
PARTICIPANT:
EDGELORD LLC, a Delaware limited liability company.
- / /t10-u.. ti 33i 3
j (Address)
Name/Title: CE) , jay? L U4Z.k
State of
County of - Dc c.--R
The foregoing instrument was acknowledged before me by means of f/5 physical presence or Cl online
notarization, this S day of Se Pt-e S C , 2025 by JO L U'f' k y
as ('() ,of EDGELORD LLC, a Delaware limited liability company, known to
me to be the person described herein, or who produced r T t L L _ as
identification,and who did/did not take an oath.
NOTARY PUBLI
r�' •. ALEJANDRAROMERO
(Signature) 97 ,''. Notary Public State of Florida
�' Commission x HH 411331 1
v N 0 a .: My tom Expires Jun 21,2027
Bonded through National Notary Assn. 0
(Print Name)
My commission expires: O +Z t�2-
Page 18 of 18
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2025-33594
RESOLUTION NO
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF
MIAMI BEACH, FLORIDA, APPROVING EDGELORD LLC FOR
PARTICIPATION IN THE COMMERCIAL LEASE SUBSIDY PROGRAM, WITH A
MAXIMUM ANNUAL REIMBURSEMENT AMOUNT OF$20,000.00, FOR A TERM
OF UP TO THREE (3) YEARS, FOR A TOTAL PROGRAM REIMBURSEMENT
AMOUNT NOT TO EXCEED $60,000.00, SUBJECT TO FUNDING
APPROPRIATION AND APPROVAL DURING THE CITY'S BUDGETARY
PROCESS FOR EACH FISCAL YEAR DURING THE TERM OF THE
AGREEMENT; AND FURTHER. AUTHORIZING THE CITY MANAGER AND
CITY CLERK TO NEGOTIATE AND EXECUTE THE PROGRAM AGREEMENT.
WHEREAS, the Mayor and City Commission established the Commercial Lease Subsidy
Program (the `Program"), a financial grant incentive to promote the City's vision for the Art Deco
Cultural District, by supporting new-to-market arts and cultural businesses. reducing commercial
vacancies, and phasing out legal. non-conforming businesses: and
WHEREAS. the Program offers eligible businesses within the Art Deco/MiMo Commercial
Character Overlay District ('ADCD Overlay") with reimbursement for leasing and mortgage
expenses, including rent, insurance, and real estate taxes, up to a maximum of $60,000 over a
maximum of three(3)years, subject to annual budgetary appropriation and continued compliance
with all Program requirements; and
WHEREAS. the Program prioritizes the following: (i) activation of vacant storefronts. (ii)
supporting new-to-market arts and cultural businesses, and (iii) assisting legal non-conforming
businesses, defined as those with valid BTRs whose operations were previously compliant but
are now non-permitted under Ordinance No. 2017-4137, to transition in alignment with the Citys
vision for the ADCD Overlay; and
WHEREAS, eligible participants will be required to execute an agreement to participate in
the Program (the `Agreement") and may receive. upon submission of verified expenses,
reimbursement of the following: (i) Business Tax Receipt (BTR) fees and (ii) certain leasing or
mortgage expenses up to $20,000.00 per year for up to three (3) years, for a total reimbursement
amount not to exceed $60,000.00 during the three-year term of the Agreement: and
WHEREAS, applicant EDGELORD LLC ("EDGLRD"), a Florida limited liability company
located at 230 Lincoln Road, Miami Beach, Florida. d/b/a EDGLRD, specializes in Al-driven film,
fashion, digital art. and entertainment experiences, with global recognition and top-tier artist
collaborations; and
WHEREAS, EDGLRD has applied for Program participation and meets all eligibility
criteria as a digital innovation firm whose flagship Miami Beach headquarters will enhance the
cultural ecosystem of the ADCD Overlay through immersive arts and entertainment; and
WHEREAS, EDGLRD has executed a 102-month lease for a long-vacant Lincoln Road
property and plans approximately $1,250,000 in capital improvements to activate the site; and
WHEREAS, City staff review confirms that EDGLRD's headquarters will advance Program
goals by introducing a culturally significant, shareable experience that supports the local creative
economy and draws international visitors. and
•
•
WHEREAS, participation in the Program will support EDGLRD's ability to lease
commercial property within the ADCD Overlay and reinforce the neighborhood's identity as a
destination for experiential placemaking and digital arts innovation; and
WHEREAS, funding is secured in the Fiscal Year 2024-2025 budget, and the City's
maximum financial commitment to EDGLRD under this Program shall not exceed $20,000.00 per
fiscal year, for up to three (3)years, contingent upon annual funding appropriation and budgetary
approval; and
WHEREAS, the Administration requests that the Mayor and City Commission approve
Edgelord LLC for participation in the Commercial Lease Subsidy Program, with a maximum
annual reimbursement amount of $20,000.00, for a term of up to three (3) years, for a total
program reimbursement amount not to exceed $60,000.00, subject to funding appropriation and
approval during the City's budgetary process for each fiscal year during the term of the agreement,
and authorize the City Manager and City Clerk to negotiate and execute the program agreement.
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 approve Edgelord LLC for participation in the Commercial Lease Subsidy
Program, with a maximum annual reimbursement amount of$20,000.00, for a term of up to three
(3)years, for a total program reimbursement amount not to exceed $60,000.00, subject to funding
appropriation and approval during the City's budgetary process for each fiscal year during the
term of the agreement, and further, authorize the City Manager and City Clerk to negotiate and
execute the program agreement.
PASSED and ADOPTED this 23rd day of April 2025.
•
Steven Meiner, Mayor
ATTEST:
JUL 2 5 202h
IV�a� 60
Raf I E. Granado, City Clerk ,S Pam•'
Sponsored by Commissioner Alex J. Fernandez
Co-Sponsored by Commissioner Joseph Magazine
APPROVED AS TO
FORM & LANGUAGE
& FOEXECUTION
/12212c
City ttorney Date
Resolutions -C7 E
MIAMI BEACH
COMMISSION MEMORANDUM
TO' Honorable Mayor and Members of the City Commission
FROM: Enc Carpenter City Manager
DATE' April 23. 2025
TITLE A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF
MIAMI BEACH, FLORIDA, APPROVING AND AUTHORIZING THE CITY
MANAGER TO EXECUTE AN AGREEMENT WITH EDGELORD, LCC, INC. FOR
PARTICIPATION IN THE COMMERCIAL LEASE SUBSIDY PROGRAM, IN AN
AMOUNT NOT TO EXCEED $20,000 PER YEAR, FOR UP TO THREE (3) YEARS,
SUBJECT TO FUNDING APPROPRIATION AND APPROVAL DURING THE
CITY'S BUDGETARY PROCESS FOR EACH FISCAL YEAR DURING THE TERM
OF THE AGREEMENT.
RECOMMENDATION
The Administration recommends that the Mayor and City Commission adopt the Resolution,
authorizing an award and participation agreement under the Commercial Lease Subsidy Program
("Program') to EDGELORD. LCC, located at 230 Lincoln Road ("Property").
BACKGROUND/HISTORY
Sponsored by Commissioner Alex Fernandez. the Commercial tease Subsidy Program is a
reimbursement-based financial incentive designed to invigorate the commercial environment
within the Art Deco Cultural District(ADCD) The primary objectives are to support art and cultural
businesses, reduce commercial vacancies. and phase out non-conforming businesses
Approved by the City Commission via Resolution No. 2022-32207, the Program leverages
existing zoning regulations for the Art Deco/MiMo Commercial Character Overlay District, to
attract appealing business activities aligned with the City's cultural brand and community values
Eligible participants may receive reimbursement for
1 Annual Business Tax Receipt (BTR) fees. and
2. Leasing expenses up to a maximum of S60,000 over three years
Eligible leasing expenses include-(i)rent or mortgage payments,(ii)insurance,and(iii)real estate
taxes. Reimbursement is contingent upon annual budgetary appropriation and continued
compliance with Program requirements.
The geographic focus is the Overlay District and includes properties bounded by Ocean Drive to
the east, Fifth Street to the south, Washington Avenue to the west. and 23rd Street to the north.
The Program specifically targets (i) vacant storefronts. (ii) new-to-market businesses focused on
arts and culture. and (iii) legal non-conforming businesses. defined as businesses with valid
Business Tax Receipt, and where operations were lawful before being reclassified as non-
permitted, under Ordinance 2017-4137. Examples include, but not limited to. check-cashing
stores. pawn shops, souvenir and t-shirt shops and tobacco and vape dealers
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The Program aims to reimagine the commercial character of the Overlay District by prioritizing
businesses that create immersive, shareable experiences, fostering customer engagement
through artisanal, experiential, and activity-based concepts.
Program applications are reviewed by City staff, and selected candidates are recommended to
the City Commission. Reimbursements are issued after Program participants submit records of
eligible expense payments.
Applicant Details.
• Applicant: EDGELORD, LLC (Tenant)
• Applicant Representative Charles Jung. Owner
• Property Location: 230 Lincoln Road
• Landlord: 245 LINCOLN MB TITLE LLC dba 230 Lincoln MB
• Business Activity: Digital innovation firm specializing in Al-driven entertainment, film,
fashion, and digital art
• Website. https. iedgiird.corn;
ANALYSIS
EDGELORD has executed a 102-month lease at 230 Lincoln Road and intends to invest
approximately$1,250,000 in tenant improvements to create a state-of-the-art headquarters that
will serve as both an operational base and a cultural destination The company's planned
improvements are expected to significantly enhance the aesthetics and functionality of the
space, aligning with the City's goals of promoting immersive, high-quality experiences within the
Art Deco Cultural District.
Founded by acclaimed filmmaker Harmony Korine and private equity executive Matt Holt,
EDGELORD LLC is a collective known for producing groundbreaking cross-disciplinary
projects.
Its work spans film, music, fashion, gaming, and visual art, and the company has garnered
global recognition through collaborations with internationally renowned figures such as
Kim Kardashian, The Weeknd, Travis Scott, and Marc Jacobs. Most notably, EDGELORD
premiered two films—AGGRO DR1 FT and BABY Invasion—at the Venice Film Festival.
EDGELORD's move to Lincoln Road reflects a strategic decision to integrate into Miami
Beach's cultural ecosystem and participate in the revitalization of the iconic commercial
corridor. EDGELORD's relocation will activate a previously underutilized space and attract
visitors through art installations, public programming. and collaborations with local crealives.
Their model aligns with the CLS Program's vision of creating immersive, shareable, and
culturally enriching experiences.
City staff has evaluated EDGELORD proposal and determined that the company meets
the Program's criteria for arts and culture-based businesses. ENGELORl3's
programming and presence are expected to attract regional and international visitors, support
the local creative economy, and contribute positively to the commercial landscape of South
Beach
Based on engagement with the applicant, City staff has determined that EDGELORD LLC is
well positioned to meet the goals of the Commercial Lease Subsidy Program. The applicant has
demonstrated a clear understanding of the Programs objectives and presented a strong vision
for how their presence will contribute to the cultural and economic vitality of the Art Deco Cultural
District_
EDGELORD is actively participating in and applying for multiple City initiatives, including the
Expedited Plan Review Program(EPRP)and the Sob Creation Incentive Program (JCIP)
659
demonstrating a long-term commitment to embedding in our local business ecosystem.Their
involvement in these programs reflects both operational commitment and a collaborative
approach to becoming an integrated part of the Miami Beach community. The firm's alignment
with City priorities across planning, permitting, and workforce development underscores its
potential to generate meaningful economic and cultural impact.
EDGELORD is undertaking a substantial interior build-out designed to create a high-quality,
visually engaging environment reflective of their work at the intersection of digital art,fashion,
and entertainment. The tenant's approach emphasizes cultural programming and immersive
design, directly supporting the CLS Program's focus on experiential, arts-driven concepts that
activate the pedestrian realm and contribute to a vibrant commercial corridor.
EDGELORD is a new entrant to the Miami Beach business landscape, however, the company's
leadership has shown professionalism and an eagerness to work collaboratively with City staff.
They have expressed interest in developing partnerships with local creatives and cultural
organizations, which is consistent with the Program's intent to attract culturally relevant,
community-oriented businesses to the Overlay District.
FISCAL IMPACT STATEMENT
The Program's fiscal impact to the City is S20,000 annually for up to three (3) years, contingent
upon funding appropriations in the annual budget. Funding for the Program has been secured in
the Fiscal Year 2024-2025 budget.
Does this Ordinance rewire a Business Impact Estimate?
(FOR ORDINANCES ONLY)
if applicable, the Business Impact Estimate (BIE)was published on:
See BIE at: https:flwww.miamibeachfl.govicity-hallicity clerklmeetinq-noticesl
FINANCIAL INFORMATION
Funding for the Commercial Lease Subsidy Program is included in the Citys Fiscal Year 2024-
2025 budget, with the total financial commitment for EDGELORD will not exceed S20,000
annually, for up to three (3) years, subject to continued appropriations. This support will assist
with the reimbursement of eligible leasing expenses, in accordance with Program guidelines, and
is intended to promote economic activation through innovative and culturally significant tenants
within the Art Deco Cultural District.
CONCLUSION
The Administration recommends that the Mayor and City Commission adopt the Resolution,
authorizing an award and participation agreement under the Commercial Lease Subsidy Program
("Program")to EDGELORD, LCC, located at 230 L.ncoln Road ("Property").
ADDlicabte Area
Citywide
Is this a "Re%idents Right is Know" item, is this item related to a G.Q. Bond
pursuant to City Code Section 2-17? Project?
No No
660
Was this Agenda Item initially requested by a lobbyist which, as defined in Code Sec. 2-481,
includes a principal engaged in lobbying? No
If so. specify the name of lobbyist(srand principal(s):
Department
Economic Development
Sponsor(s)
Co-sponsor(sj
Condensed Title
Execute Agreement wf EDGELORD LLC. Commercial Lease Subsidy Program. ED
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Economic Development Department
DATE: September 19, 2025
TO: Maria Hernandez, Assistant City Manager
FROM: Justin Karr, Economic Development Manager
Commercial Lease Subsidy (CLS) Program
SUBJECT: Grant Agreement
EDGELORD, LLC (230 Lincoln Rd)
Routing:
X Maria Hernandez
X Eric Carpenter
X Rafael Granado
For:
Information Only
X Review and approval
X City Manager's Signature
Other
Comments:
• The CLS Program was created to revitalize the ADCD by
supporting arts and cultural leases, phasing out
nonconforming uses, and reducing vacancies.
• Enclosed for your signature is a form approved CLS Program
Agreement with EDGELORD, LLC (230 Lincoln Road),
approved by Resolution 2025-33594 (April 23, 2025), also
enclosed,
• The FY 2025 budget includes funding for the agreement's
three-year term (up to $60,000 in reimbursements).
Thank you!
Return to:
Justin x 22548