C7T - Approve Untitled Art Fair License

A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, APPROVING, IN SUBSTANTIAL FORM, THE MUTLI-YEAR LICENSE AGREEMENT BETWEEN THE CITY OF MIAMI BEACH AND INFORMA MARKETS ART, LLC FOR USE OF 195,000 SQUARE FEET OF THE LUMMUS PARK BEACHFRONT BETWEEN 10 AND 12½ STREETS AND 12,000 SQUARE FEET OF THE LUMMUS PARK SPOIL FOR THE UNTITLED ART FAIR DURING ART WEEK MIAMI BEACH, FOR AN INITIAL TERM OF FIVE (5) CONSECUTIVE ANNUAL SHOWS FROM 2027 TO 2031, WITH A FIVE (5)-YEAR RENEWAL OPTION; FURTHER, AUTHORIZING THE CITY MANAGER TO FINALIZE THE AGREEMENT; FURTHER, UPON COMPLETION OF SUCCESSFUL NEGOTIATIONS, AUTHORIZING THE CITY MANAGER AND CITY CLERK TO EXECUTE THE AGREEMENT IN A FORM ACCEPTABLE TO THE CITY ATTORNEY.