CITY OF MIAMI, FLORIDA NOTICE OF PUBLIC HEARING A public hearing will be held by the City Commission of the City of Miami, Florida on Thursday, July 24, 2025, at 9:00 A.M. at City Hall, located at 3500 Pan American Drive, Miami, Florida, 33133 for the purpose of granting the following: A RESOLUTION OF THE MIAMI CITY COMMISSION, BY A FOUR-FIFTHS (4/5THS) AFFIRMATIVE VOTE, PURSUANT TO SECTION 29-C OF THE CHARTER OF THE CITY OF MIAMI, FLORIDA, AS AMENDED, WAIVING COMPETITIVE BIDDING AND AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE A PURCHASE AND SALE AGREEMENT WITH ECORESILIENCY MIAMI, LLC ("DEVELOPER") FOR THE SALE, UPON SATISFACTION OF CERTAIN CLOSING CONDITIONS, OF +5.4 ACRES OF THAT CERTAIN PROPERTY LOCATED AT 1111 PARROT JUNGLE TRAIL ("PROPERTY") FOR RESIDENTIAL AND COMMERCIAL USES, IN EXCHANGE FOR CANCELLATION OF THE EXISTING LEASE AND CONSIDERATION EQUAL TO OR GREATER THAN FAIR MARKET VALUE OF ONE HUNDRED THIRTY-FIVE MILLION DOLLARS ($135,000,000.00), INCLUDING DEVELOPMENT OF A NEW +13.3-ACRE PUBLIC WATERFRONT PARK ON THE REMAINDER OF PROPERTY AT A COST TO DEVELOPER OF THIRTY SEVEN MILLION DOLLARS ($37,000,000.00), PAYMENTS TO CITY OF TEN MILLION DOLLARS ($10,000,000.00) AT CLOSING AND TWO MILLION DOLLARS ($2,000,000.00) PER YEAR WITH ANNUAL ESCALATIONS OF THREE PERCENT (3%) AND A PRESENT VALUE OF ONE HUNDRED THIRTEEN MILLION SEVEN HUNDRED TWENTY-ONE THOUSAND AND SEVENTY-THREE DOLLARS ($113,721,073), AND CERTAIN COMMUNITY BENEFITS VALUED AT THIRTY-FOUR MILLION SIX-HUNDRED THOUSAND DOLLARS ($34,600,000), INCLUDING PAYMENT TO THE CITY OF FIFTEEN MILLION DOLLARS ($15,000,000.00) FOR AFFORDABLE HOUSING AND INFRASTRUCTURE; FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE A PARTIAL RELEASE AND MODIFICATION OF THE DEED RESTRICTIONS SET FORTH IN DEED NO. 19447 ("STATE DEED") BETWEEN THE CITY AND THE STATE OF FLORIDA INTERNAL IMPROVEMENT TRUST FUND ("STATE"); APPROVAL OF PAYMENT BY CITY TO THE STATE IN THE AMOUNT OF FIFTEEN MILLION DOLLARS ($15,000,000) IN EXCHANGE FOR THE STATE'S RELEASE AND MODIFICATION OF DEED RESTRICTIONS SET FORTH IN THE STATE DEED; AUTHORIZING THE CITY MANAGER TO EXECUTE A QUIT-CLAIM DEED TO DEVELOPER, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY; PROVIDING, THAT SUCH SALE AND CONVEYANCE BE SUBJECT TO APPROVAL AND EXECUTION OF AN AGREEMENT WITH THE STATE THROUGH THE STATE OF FLORIDA DEPARTMENT OF ENVIRONMENTAL PROTECTION; FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE OTHER ANCILLARY DOCUMENTS AND AMENDMENTS REQUIRED TO EFFECTUATE THE SALE AND DEVELOPMENT OF THE PROPERTY AS SET FORTH IN THE PURCHASE AND SALE AGREEMENT, ALL IN A FORM ACCEPTABLE TO THE CITY ATTORNEY. All interested persons are invited to appear at the meeting and may be heard with respect to the proposed resolution. Should any person desire to appeal any decision of the City Commission with respect to any matter to be considered at this meeting, that person shall ensure that a verbatim record of the proceedings is made including all testimony and evidence upon which any appeal may be based (F.S. 286.0105). Pursuant to Miami City Code Section 2-33(o), whenever a scheduled City Commission meeting is cancelled or is not held due to a lack of a quorum or other emergency, a special City Commission meeting will be automatically scheduled for the Tuesday immediately following the cancelled meeting. In the event of one of the aforementioned circumstances, the special meeting would be held on July 29, 2025, at 9:00 a.m. in the City Commission chambers located at Miami City Hall, 3500 Pan American Drive, Miami, Florida 33133. All of the scheduled agenda items from that cancelled meeting shall automatically be scheduled as an agenda item at the special City Commission meeting. The City Clerk shall notify the public of the special meeting that is to take place by placing a notice of the special City Commission meeting at the entrance of City Hall and the City's main administrative building, placing a notice on the City's website, and, if feasible, placing an ad in a newspaper of general circulation before the special meeting on the immediately following Tuesday. There shall be no additional notice by publication required for any such scheduled agenda item that is moved to the special City Commission meeting. In accordance with the Americans with Disabilities Act of 1990, persons needing special accommodations to participate in this proceeding may contact the Office of the City Clerk at (305) 250-5361 (Voice) no later than five (5) business days prior to the proceeding. TTY users may call via 711 (Florida Relay Service) no later than five (5) business days prior to the proceeding. Todd B. Hannon City Clerk Ad No. 43761