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the proposed Miami Beach Club development project. <br />• If any payment of interest or principal payment is not received by the City within five (5) days after <br />its due date, the Applicant shall pay the City a late charge equal to five percent (5%) of the <br />overdue payment. <br />ATTACHMENTS: <br />Resolution <br />MB RE Investments, LLC Promissory Note -.FAR Bonuses <br />Item Number: 9.A <br />61 <br />