C7I - Sublease Ground Floor to Miami City Ballet

A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, APPROVING AND AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND FINALIZE A SUBLEASE AGREEMENT BETWEEN THE CITY AND MIAMI CITY BALLET, INC. ("BALLET"), BASED UPON THE ESSENTIAL TERMS SET FORTH IN THE CITY COMMISSION MEMORANDUM ACCOMPANYING THIS RESOLUTION, FOR THE TEMPORARY USE OF THE GROUND FLOOR SPACE LOCATED AT 224 23RD STREET, AT A NOMINAL RENT OF ONE DOLLAR ($1.00), FOR AN INITIAL TERM OF NINE (9) MONTHS AND UP TO THREE (3) ADDITIONAL ONE-MONTH RENEWAL TERMS, AT THE OPTION OF THE CITY, IN SUPPORT OF THE BALLET'S DANCE EDUCATION PROGRAM WHILE THE BALLET REFURBISHES ITS FACILITY; AND FURTHER, AUTHORIZING THE CITY MANAGER AND CITY CLERK TO EXECUTE THE SUBLEASE IN A FORM ACCEPTABLE TO THE CITY ATTORNEY.