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Master Report
File Number: 9541
Revision: A
Enactment Number: R-21-0345
File Type: Resolution
File Name: Bid Waiver - CityCoins Inc.
Requesting Dept: Commissioners and Mayor
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Status: ADOPTED WITH
MODIFICATION(S)
Controlling Body: City Commission
Introduced: 8/23/2021
Final Action Date: 9/13/2021
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, BY A FOUR -FIFTHS (4/5THS)
AFFIRMATIVE VOTE, AFTER AN ADVERTISED PUBLIC HEARING, RATIFYING,
CONFIRMING, AND APPROVING THE CITY MANAGER'S RECOMMENDATION TO
ENTER INTO A GIFT AGREEMENT ("AGREEMENT") PURSUANT TO SECTION 18-85
OF THE CODE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED ("CITY CODE"),
WAIVING THE REQUIREMENTS FOR COMPETITIVE SEALED BIDDING METHODS
AS NOT BEING PRACTICABLE OR ADVANTAGEOUS TO THE CITY OF MIAMI
("CITY") FOR PURPOSES OF ACCEPTING A GIFT OF THIRTY PERCENT (30%) OF
THE REVENUE AMOUNT GENERATED FROM A CRYPTOCURRENCY CALLED
MIAMICOIN LAUNCHED BY CITYCOINS, INC., A DELAWARE NOT FOR PROFIT
ORGANIZATION PENDING REGISTRATION TO CONDUCT BUSINESS IN FLORIDA
("CITYCOINS"), AND, IN PARTNERSHIP WITH THE CITYCOINS FOUNDATION,
PROVIDING ONGOING MONETARY CONTRIBUTIONS TO THE CITY OVER WHICH
THE CITY SHALL HAVE UNILATERAL CONTROL ON THE USE OF SAID FUNDS
YIELDED BY MIAMICOIN; AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND
EXECUTE THE AGREEMENT BETWEEN THE CITY AND CITYCOINS, IN A FORM
ACCEPTABLE TO THE CITY ATTORNEY, FOR SAID PURPOSE; FURTHER
AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL
OTHER DOCUMENTS, INCLUDING ANY AMENDMENTS, RENEWALS, AND
EXTENSIONS, SUBJECT TO ALL ALLOCATIONS, APPROPRIATIONS, PRIOR
BUDGETARY APPROVALS, COMPLIANCE WITH ALL APPLICABLE PROVISIONS OF
THE CITY CODE, INCLUDING THE CITY'S PROCUREMENT ORDINANCE, ANTI -
DEFICIENCY ACT, AND FINANCIAL INTEGRITY PRINCIPLES, ALL AS SET FORTH IN
CHAPTER 18 OF THE CITY CODE, IN FORMS ACCEPTABLE TO THE CITY
ATTORNEY, AND IN COMPLIANCE WITH ALL APPLICABLE LAWS, RULES, AND
REGULATIONS, AS MAY BE DEEMED NECESSARY FOR SAID PURPOSE.
Sponsor(s): Mayor Francis X. Suarez
Notes: Pursuant to the resolution, this item became effective immediately upon adoption by the
Commission.
Links:
Attachments: 9541 Back -Up Documents (PDF)
9541 Notice to the Public (PDF)
History of Legislative File:
Revision: Acting Body: Date: Action: Result:
Annie Perez 8/24/2021 Procurement Review Completed
Victoria Mendez 9/1/2021 Approved Form and Completed
City of Miami Page 1 of 2 Printed on: 101112021
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City Commission
City Commission
A Victoria Mendez
A City Clerk's Office
City of Miami
Master Report
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Enactment Number: R-21-0345
Correctness
9/13/2021
Meeting
Completed
9/13/2021
ADOPTED WITH
Passed
MODIFICATION(S)
9/22/2021
Approved Form and
Completed
Correctness with Modification(s)
9/23/2021
Rendered
Completed
City of Miami Page 2 of 2 Printed on: 101112021