C7AC - Amend Colony Theatre Agreement

A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, APPROVING, IN SUBSTANTIAL FORM, AN AMENDED AND RESTATED 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 AGREEMENT TO (1) CONSOLIDATE ALL PRIOR AMENDMENTS INTO A SINGLE DOCUMENT, (2) REVISE THE ANNUAL PERFORMANCE BENCHMARKS, AND (3) CLARIFY OTHER MISCELLANEOUS PROVISIONS; FURTHER, AUTHORIZING THE CITY MANAGER TO FINALIZE THE AGREEMENT; AND FURTHER, AUTHORIZING THE CITY MANAGER AND CITY CLERK TO EXECUTE THE FINAL AGREEMENT.