Miami Beach Finance and Economic Resiliency Committee Agenda 2026-04-01
Committee Backs Lease Amendment With RK Rivani LLC
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Description
The Finance and Economic Resiliency Committee recommended Commission approval of a term sheet for Amendment No. 1 to the City’s lease with RK RIVANI LLC for 1691 Michigan Avenue. The amendment includes optional lease extensions, specified public benefit projects, $6,000 per year for three years for senior programming, and funding for the Sister City program.
Contract Details
Contract Amount
$6,000 per year for three (3) years for senior programming
Vendor
RK RIVANI LLC
Agency
City of Miami Beach, FL
Contract Type
FACILITIES
Document Date
April 1, 2026
Contract Term
Initial lease term per existing agreement; Amendment No. 1 includes $6,000 per year for three years for senior programming plus Sister City program funding and optional lease extensions
Renewal Info
Amendment No. 1 contemplates optional lease extensions and earmarks $6,000 annually for three years for senior programming, along with funding for specific public benefit projects and the Sister City program.
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