Finance and Economic Resiliency Committee 7.8.2026

The City of Miami Beach Finance and Economic Resiliency Committee met on July 8, 2026, to discuss several procurement and contract-related matters. Key agenda items included the approval of an amendment and extension to the professional services agreement with Paddle LLC for kayak and paddleboard rentals, which operates on a profit-sharing basis with no cost to the city. The committee also reviewed a proposed new agreement with the Greater Miami Convention and Visitors Bureau (GMCVB) for destination management services, discussing a sliding scale revenue share model tied to resort tax collections and the potential for a contract extension on a month-to-month basis through the end of 2026. Additionally, the committee considered a 99-year ground lease agreement for the redevelopment of the city-owned property at 1940 Park Avenue, featuring mixed-use residential and retail space with affordable housing components, and recommended advancing the agreement to the full commission. Another significant discussion involved a public-private improvement and maintenance agreement for Lincoln Road North, focusing on design concepts, financial terms, and outstanding negotiation points, with a recommendation to continue negotiations and return to the commission for final approval. The committee also approved a policy direction to streamline city boards and committees to improve operational efficiency. Lastly, the committee endorsed expanding the use of parking enforcement technology across city parking lots by extending the existing contract with Pave Mobility, aiming to increase citation efficiency and free up enforcement resources for residential areas. Motions were passed to advance these procurement actions and return them to the full city commission for final decisions.