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HomeMy WebLinkAboutR-01-10050 • J-0'1-829 9/1.8/01 RESOLUTION NO. 0 1 .4. A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE CYT`' MANAGER TO EXECUTE AMENDMENT N0. I TO A REVOCABLE LICENSE AGREEMENT, IN A FORM ACCEPTABLE TO THE CT`!'Y ATTORNEY, BETWEEN THE CITY, BAYFRONT PARK MANAGEMENT `('RUST ( "TRUST") , AND RACEWORKS, L.L. ("7,TCENSEE") , TO PROVIDE FOR THE I.TC ENSr:G;, AT ITS OWN COST, TO INITIATE AND COMPLETE THE INIT=AL IMPROVEMENTS TO THE RACECOURSE. WHEREAS, on August 9, 2001, the City Commission adop ted Resolution No. 01-895, authorizing the City Manager to enter into a revocable -license agreement with the Trust .and Licensee, for race /rnotorsports events at Bayfr.ont.:. Park and Downtown Miami; and WHEREAS, the City Cornmissi.on approved the City initiatting and completing the initial i.:nprovements ("Initial Improvements") to tho racecourse and Licensee to fund said improvements; and WHEREAS, the agreement also provided that the Licensee shall not make any modifications or improvements to the property subject to tho revocable license without, prior approval. from the City and the Trust; and clry COMMSSION WETING OF SF,1' 7001 j��d�luiton iVo. " —1, o 6'5 • 0 WHEREAS, t_he Licensee ,has proposed ttiaL 1 t initiate and complete Lhe Initial lmprovemenLs so that the first race event can occur as scheduled, as if fully set forth in this Section. Whereas, 2. iL is necessary for Lhe City Commission to authorize the City Manager Lo execute an amendinent Lo the agroement. to allow l.he i,icensee, at iLs own cosTE, ini.t.:iate and romtilete the Ini. is . Improvements Lor '.:he first race/mozorsports event". NOW, TKEREi-'ORF, 3L; IT RESOLVED HY THF COMMISSION Or THF CITY OF MI'AMT, FLORIDA: SecLion 1. The r.ec i. tals and findings contained in the Prezmble to this Resolution are adopted b}r reference and incorporated as if fully set forth in this Section. Section 2. The City Manager is auLnorized to execute, AinendmenL No. 1 to t -he revocable license agreement w.i.th Licensee to provide For the L-i-conse_e, at its own Cost, to i.niLiat e, and complere the Ini.tiai Improvemerits to Lhe; racecourse. Section 3. The Ci.Ly Manager is hereby aut-to.rized�l to execute a1.1, necessary documents, in a :Lorre acceptable to the City Attorney. The hc-ro.l ri is ! i.rt.^.P,r Subject: r o col'.Ipi,' ance wr.Clj all requirements ts:at. may be .i.rposed by the: CJr.y AClor-ney, includLng but riot. I i mi eed to 1-1:or-,0 1_n-escribed Ly apl?lic.rzbI C_,t Cha rr..er and Cock) Provisions. Page. 2 of 3 Section 4. This Rosolutlan shall become ef1ectivc immediately upon its adoption and signature by the Mayor.=' PASSIED AND ADOPTED L.h.i." .25th day of -,-Sgpj;pM!2er 2001. ?ATTEST: JOE CAROLLO, MAYOR In amordance with Miami Cod,, Suc.P-30, sirien tho Wyor did not this legidation by signit", a it', ilio becornea effective with the of lo! I (10) iron I reg©riling same, VVIL"M tI IV Mayor_r,,%.;Ic A oW, 100 an, City Glu Tt--- WALTER J. FOEMAN CITY CLERK APPROVED 'O F ORM PoprC 0, R R E CTN ESS Tqr)RO 'fr,ARELLO ATTORN(E'Y W5669:ENW:LB 1 11-1 Ule M;yc)T- loos not Si9l'. hi.s Re -3011100r7, iL shall becom(: effective aL end of: turn Calendar (jays ft:arij 1-.110 <1,1te it was OaSScld and adc)pLpd. Ti' the Mayor. vetoes Lhj..q Resolut.ion, i.,,. shal.1 become effa-t-j.,,re 111t,mediat.oly upoll Ovprride (.)L 01e vw_'o by thu C.i,,:.y Corrm)llsslon' Page 3 oz` 3 • CITY OF MIAMI, FLORIDA TO: Honorable Mayor and Members of the City Commission FROM: enez City Manages RECOMMENDATION INTER-OFFICE MEMORANDUM i DATE: September 18, 2001 FILE: SUBJECT: proposed Resolution Amendment No. 1 Revocable License Agreement REFERENCES: Raceworks, EFERENCES:Raceworks, LLC ENCLOSURES: It is respectfully recommended that the City Commission adopt the attached resolution authorizing the City Manager to execute amendment No. 1 to a revocable license agreement between the City, Bayfront Park Management Trust ("'Trust"), and Raceworks LLC ("Licensee"), to provide for the Licensee, at its own cost, to initiate and complete the initial improvements to the racecourse. BACKGROUND On August 9, 2001, the City Commission adopted Resolution No. 01-845, authorizing the City Manager to enter into a revocable license agreement with the Trust and Licensee for race/motorsports events at Bayfront Park and Downtown Miami. This resolution approved the City initiating and completing the initial improvements ("initial Improvements") to the racecourse and Licensee to fund said improvements. The Licensee has proposed that it initiate and complete the Initial Improvements for the first race/motorsports event so that the race event can occur as scheduled. This change to the revocable license agreement requires City Commission approval. I do not have any objections to this amendment. CA(WGURCL -- 1.0 0 L4