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AGENDA ITEM COVER PAGE
01A1t° " File ID: #9239
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Resolution
Sponsored by: Commissioner Joe Carollo
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENTS,
AUTHORIZING THE EXECUTIVE DIRECTOR OF THE BAYFRONT PARK
MANAGEMENT TRUST ("TRUST') TO NEGOTIATE AND EXECUTE A REVOCABLE
LICENSE AGREEMENT, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, WITH
YACHTING PROMOTIONS, INC. FOR THE PRESENTATION OF A BOAT SHOW AT
THE FLORIDA EAST COAST SLIP MAINTAINED BY THE TRUST.
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City of Miami
City Hall
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Legislation
3500 Pan American Drive
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Miami, FL 33133
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Resolution
www.miamigov.com
Enactment Number: R-21-0267
File Number: 9239
Final Action Date:6/24/2021
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENTS,
AUTHORIZING THE EXECUTIVE DIRECTOR OF THE BAYFRONT PARK
MANAGEMENT TRUST ("TRUST") TO NEGOTIATE AND EXECUTE A REVOCABLE
LICENSE AGREEMENT, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, WITH
YACHTING PROMOTIONS, INC. FOR THE PRESENTATION OF A BOAT SHOW AT
THE FLORIDA EAST COAST SLIP MAINTAINED BY THE TRUST.
WHEREAS, the City of Miami ("City") is the owner and the Bayfront Park Management
Trust ("Trust") is the manager and operator of the real property known as the Florida East Coast
Slip located at 801 Biscayne Boulevard, Miami, Florida ("Property"); and
WHEREAS, Yachting Promotions, Inc. a Florida Corporation ("Licensee"), is the
producer of one of the most popular boat shows in State of Florida ("State") and desires to
produce the Miami Yacht Show ("Event") at the Property for the foreseeable future; and
WHEREAS, in 2018, the Event generated an estimated $486 million in total economic
output throughout the State as a result of marine product purchases and expenditures; and
WHEREAS, 3,576 full time jobs throughout the State are associated with the economic
output of the $486 million generated by the Event; and
WHEREAS, the total excise and sales taxes generated within the State as a result of the
Event is estimated at $31.8 million; and
WHEREAS, Miami -Dade County ("County") companies contributed more than $64.9
million in estimated sales of marine products; and
WHEREAS, in 2018, Event exhibitors, while in the County, expended $2.04 million on
local goods and services, including hotels, restaurants, retail, and local transportation; and
WHEREAS, the Trust wishes to have the Event at the Property ("Proposal'); and
WHEREAS, pursuant to Section 38-104 of the Code of the City of Miami, Florida, as
amended ("City Code"), the Trust is, at all times, subject to City Commission approval; and
WHEREAS, the Proposal is provided in the form of the a Revocable License Agreement
("License"), attached and incorporated as Exhibit "A"; and
WHEREAS, the License is not assignable, is not for a fixed term, and is revocable at -
will, for convenience, and without consent of the Licensee; and
WHEREAS, the License does not transfer any interest in real property, including any
leasehold interest in real property owned by the City; and
WHEREAS, the License permits only certain enumerated, specific, and listed permitted
uses on specified dates and does not permit anything further;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF
MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are
adopted by reference and incorporated as fully set forth in this Section.
Section 2. The Executive Director of the Trust is authorized to negotiate and execute
the License, in a form acceptable to the City Attorney, between the Trust and the Licensee for
the purpose of producing the Event on the Property with the terms and conditions more
particularly described in the License, attached and incorporated as Exhibit "A".
Section 3. This Resolution shall become effective immediately upon adoption.
APPROVED AS TO FORM AND CORRECTNESS:
1
i ria i "ndez, i fyHttor ey 6/15/2021
Pursuant to the resolution, this item became effective immediately upon adoption by the Commission.