C7B - Lease Submerged Lands Mooring Field

A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA APPROVING AND AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE A SOVEREIGNTY SUBMERGED LANDS FEE WAIVED LEASE, BY AND BETWEEN THE CITY (LESSEE) AND THE BOARD OF TRUSTEES OF THE INTERNAL IMPROVEMENT TRUST FUND OF THE STATE OF FLORIDA (LESSOR), FOR A TERM OF FIVE (5) YEARS, COMMENCING RETROACTIVELY FROM SEPTEMBER 30, 2025 AND EXPIRING ON SEPTEMBER 29, 2030, FOR THE USE OF A SOVEREIGNTY SUBMERGED LANDS CONTAINING APPROXIMATELY 4,647,175 SQUARE FEET, LOCATED IN BISCAYNE BAY, IN MIAMI-DADE COUNTY, FLORIDA WITHIN SECTION 33, TOWNSHIP 53 SOUTH, RANGE 42 EAST, AND SECTION 04, TOWNSHIP 54 SOUTH, RANGE 42, BETWEEN 5 STREET (MACARTHUR CAUSEWAY) AND 18 STREET MIAMI BEACH MAINLAND, AS MORE PARTICULARLY DESCRIBED IN THE ATTACHMENT TO THE CITY COMMISSION MEMORANDUM ACCOMPANYING THIS RESOLUTION, FOR THE MOORING FIELD PROJECT.