HomeMy WebLinkAboutR-98-0882J-98-965
9/8/98
RESOLUTION NO. J 882
A RESOLUTION AUTHORIZING THE EXECUTIVE
DIRECTOR OF THE BAYFRONT PARK MANAGEMENT
TRUST (THE "TRUST") TO EXECUTE AN AGREEMENT,
IN A FORM ACCEPTABLE TO THE CITY ATTORNEY,
WITH ELOY VAZQUEZ (THE "CONSULTANT") TO
COMPENSATE SAID CONSULTANT FOR SERVICES
RENDERED THE TRUST IN THE PROCUREMENT OF A
SPONSORSHIP AGREEMENT (THE "SPONSORSHIP
AGREEMENT") BETWEEN NEXXT MILLENNIUM
COMMUNICATIONS, INC. ("NEXXT MILLENNIUM") AND
THE TRUST, FOR AN INITIAL TERM COMMENCING ON
THE EFFECTIVE DATE OF THE SPONSORSHIP
AGREEMENT FOR AN ANNUAL AMOUNT NOT TO EXCEED
FIFTEEN PERCENT (15%) OF THE ANNUAL
SPONSORSHIP CASH PAYMENT RECEIVED BY THE
TRUST FROM NEXXT MILLENNIUM PURSUANT TO THE
SPONSORSHIP AGREEMENT, AND IF THE SPONSORSHIP
AGREEMENT IS EXTENDED, SAID INITIAL TERM
SHALL BE EXTENDED FOR AN ADDITIONAL PERIOD
NOT TO EXCEED FIVE (5) YEARS, DURING WHICH
THE CONSULTANT SHALL RECEIVE AN ANNUAL AMOUNT
NOT TO EXCEED FIFTEEN PERCENT (15%) OF THE
ANNUAL SPONSORSHIP CASH PAYMENT RECEIVED BY
THE TRUST FROM NEXXT MILLENNIUM PURSUANT TO
THE SPONSORSHIP AGREEMENT; ALLOCATING FUNDS
THEREFOR FROM THE PROCEEDS DERIVED FROM THE
IMPLEMENTATION OF THE SPONSORSHIP AGREEMENT.
WHEREAS, the City of Miami (the "City") desires to promote
the sale of corporate sponsorship packages for the Bayfront Park
Amphitheater; and
WHEREAS, the Consultant possesses the requisite knowledge
and experience in the areas of sponsorship packages and grant
proposals; and
WHEREAS, the Consultant has been instrumental in the
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procurement of the Sponsorship Agreement;
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 hereby adopted by reference
thereto and incorporated herein as if fully set forth in this
Section.
Section 2. The Executive Director of the Bayfront Park
Management Trust (the "Trust") is hereby authorized1/ to execute
an agreement, in a form acceptable to the City Attorney, with
Eloy Vazquez, Consultant, to compensate said Consultant for the
services rendered the Trust in the procurement of a Sponsorship
Agreement between Nexxt Millennium and the Trust, for an initial
term commencing on the effective date of the Sponsorship
Agreement for an annual amount not to exceed fifteen percent
(15%) of the annual sponsorship cash payment received by the
Trust from Nexxt Millennium and if the Sponsorship Agreement is
extended, said initial term shall be extended for an additional
period not to exceed five (5) years, during which Consultant
shall receive an amount not to exceed fifteen percent (15%) of
the annual sponsorship cash payment received by the Trust from
Nexxt Millennium pursuant to the Sponsorship Agreement, with
funds therefor hereby allocated from the proceeds derived from
1� The herein authorization is further subject to compliance with all
requirements that may be imposed by the City Attorney, including but not
limited to those prescribed by applicable City Charter and Code
provisions.
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98- 882
the implementation of the Sponsorship Agreement.
Section 3. This Resolution shall become effective
immediately upon its adoption and signature of the Mayor.Z/
PASSED AND ADOPTED this 8th day of September , 1998.
ATTEST:
JOE CAROLLO, MAYOR
In accordance with Miami Code Sec. 2-36, since the Mayor did not indicate approval
of
this legislation by signing it in the designated place provided, said legislation no WA
becomes effective with the elapse of ten (10) days fr the date of Com - i
regarding same, without the Mayor exe isi on actin^
v .
6�t�
Walter an, Citv Cleric
WALTER J. FOEMAN
CITY CLERK
CORRECTNESS:/
NDRO VILARELLO
ATTORNEY
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If the Mayor does not sign this Resolution, it shall become effective at
the end of ten calendar days from the date it was passed and adopted.
If the Mayor vetoes this Resolution, it shall become effective
immediately upon override of the veto by the City Commission.
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98- 882