#NB44 - Discuss Sobe Toscana Lease

DISCUSS A PROPOSED NEW LEASE AGREEMENT BETWEEN THE CITY OF MIAMI BEACH, A FLORIDA MUNICIPAL CORPORATION (LANDLORD), AND SOBE TOSCANA, LLC (TENANT), WAIVING, BY 5/7THS VOTE, THE COMPETITIVE BIDDING REQUIREMENTS, AS SET FORTH IN SECTION 82-39 OF THE MIAMI BEACH CITY CODE, FINDING SUCH WAIVER TO BE IN THE BEST INTEREST OF THE CITY FOR THE USE OF THE CITY PROPERTY LOCATED AT 22 WASHINGTON AVENUE, DIRECTLY INFRONT OF TENANT'S RESTAURANT, SAID LEASE HAVING A TERM OF NINE (9) YEARS AND 364 DAYS.