11A9 - RESOLUTION APPROVING OF AND AUTHORIZING THE COUNTY MAYOR OR COUNTY MAYOR'S DESIGNEE TO EXECUTE (1) IN ACCORDANCE WITH SECTION 125.35, FLORIDA STATUTES, A 99-YEAR GROUND LEASE WITH GALLERY AT SOMI PARC, LLC., A FLORIDA LIMITED LIABILITY COMPANY AND AN AFFILIATE OF RUDG, LLC FOR AN APPROXIMATE TOTAL AMOUNT OF $613,994,456.00, INCLUSIVE OF AN ANNUAL LEASE PAYMENT OF LUMP SUM GROUND LEASE PAYMENT OF $1,750,000.00, FOR THE RENTAL ASSISTANCE DEMONSTRATION CONVERSION AND REDEVELOPMENT OF THE GALLERY AT SOMI PARC, (2) THE FIRST AMENDMENT TO THE MASTER DEVELOPMENT AGREEMENT BETWEEN THE COUNTY AND RUDG, LLC, AND (3) A CONSULTING AGREEMENT BETWEEN MIAMI-DADE COUNTY AND GALLERY AT SOMI PARC DEVELOPER, LLC, A FLORIDA LIMITED LIABILITY COMPANY AND AN AFFILIATE OF RUDG, LLC, IN THE APPROXIMATE TOTAL AMOUNT OF $7,670,329.07; AUTHORIZING THE COUNTY MAYOR OR COUNTY MAYOR'S DESIGNEE TO EXERCISE ALL PROVISIONS CONTAINED IN SUCH AGREEMENTS; AND WAIVING SECTION 2-10.4.2 OF THE CODE OF MIAMI-DADE COUNTY, FLORIDA

April 21, 2026
Sponsors
Raquel A. Regalado

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