R7AE - Lincoln Road Bid Mou Amendment

A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, DIRECTING THE CITY ADMINISTRATION TO NEGOTIATE SECOND AMENDMENT (AMENDMENT NO. 2) TO THE MEMORANDUM OF UNDERSTANDING DATED DECEMBER 21, 2022 (THE “MOU”) BETWEEN THE CITY OF MIAMI BEACH, FLORIDA, AND THE LINCOLN ROAD BUSINESS IMPROVEMENT DISTRICT, INC. (“LRBID”); SAID AMENDMENT NO. 2 EXTENDING THE TERM OF THE MOU BY ONE ADDITIONAL YEAR, COMMENCING ON OCTOBER 1, 2026 AND ENDING ON SEPTEMBER 30, 2027, AND CONTINUING CITY FUNDING IN THE AMOUNT OF $164,160 PER YEAR (OR $13,680 PER MONTH) TO THE LRBID FOR ENVIRONMENTAL MAINTENANCE, HOSPITALITY, AND SAFETY SERVICES WITHIN THE BOUNDARIES OF THE DISTRICT; AND FURTHER AUTHORIZING THE CITY MANAGER AND CITY CLERK TO EXECUTE SAID AMENDMENT NO. 2.