3I - Extend Dadeland South Lease 25 Years

RESOLUTION APPROVING THE SEVENTH AMENDMENT TO THE DADELAND SOUTH JOINT DEVELOPMENT PARCEL LEASE WHICH BIFURCATES THE PHASE I AND PHASE III LEASES AND INCREASES THE MINIMUM RENT FOR PHASES I AND III FROM $320,000.00 PER YEAR TO $400,000.00 PER YEAR WITH ANNUAL INCREASES OF 1.5 PERCENT PER YEAR UNTIL 2038 AND 2 PERCENT ANNUAL INCREASES THEREAFTER; WAIVING IMPLEMENTING ORDER NO. 8-4; AND EXTENDING THE LEASE TERM FOR PHASE I AND PHASE III BY 25 YEARS PURSUANT TO SECTION 125.35(1)(B), FLORIDA STATUTES; DIRECTING AND AUTHORIZING THE COUNTY MAYOR OR COUNTY MAYOR'S DESIGNEE TO EXECUTE SAME, EXERCISE ALL RIGHTS CONFERRED THEREIN, AND TAKE ALL ACTIONS TO EFFECTUATE SAME(Transportation and Public Works)