#16 - Discuss Anchor Shops Sports Action Lease

A DISCUSSION OF A PROPOSED LEASE AGREEMENT BETWEEN THE MIAMI BEACH REDEVELOPMENT AGENCY, A PUBLIC BODY CORPORATE AND POLITIC (RDA), (LANDLORD) AND SPORTS ACTION (TENANT), FOR APPROXIMATELY 2,884 SQUARE FEET OF GROUND FLOOR RETAIL SPACE AT THE ANCHOR SHOPS AND GARAGE, LOCATED AT 100 16 STREET, SUITES NOS. 1-4, MIAMI BEACH, FLORIDA (PREMISES), FOR A TERM OF FIVE (5) YEARS AND AN ADDITIONAL FOUR (4) YEAR AND 364 DAYS RENEWAL OPTION, AT THE EXECUTIVE DIRECTOR'S DISCRETION.