C7AC - Amend Colony Theatre Agreement

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 AN AMENDED AND RESTATED COLONY THEATRE MANAGEMENT AGREEMENT, BY AND BETWEEN THE CITY OF MIAMI BEACH AND MIAMI NEW DRAMA, INC., FOR THE MANAGEMENT AND OPERATION OF THE CITY OWNED COLONY THEATRE, LOCATED AT 1040 LINCOLN ROAD; SAID AMENDED AND RESTATED AGREEMENT TO (1) CONSOLIDATE ALL PRIOR AMENDMENTS; (2) ALIGN THE TERM WITH THE COLLINS PARK CULTURAL ARTS FACILITY LEASE AGREEMENT WITH MIAMI NEW DRAMA, INC. (3) UPDATE REPORTING AND MAINTENANCE REQUIREMENTS; AND (4) INCORPORATE THE PREVIOUSLY APPROVED ANNUAL MANAGEMENT FEE AND UTILITY REIMBURSEMENT.