HomeMy WebLinkAboutR-96-0157J-96-211
2/29/96
95.15'7
RESOLUTION NO.
A RESOLUTION RESCINDING IN ITS ENTIRETY,
RESOLUTION NO. 93-808, ADOPTED DECEMBER 16,
1993, WHEREBY, THE CITY COMMISSION, IN
PRINCIPLE, COMMITTED UP TO $1.35 MILLION AS A
TICKET GUARANTEE FOR THE AWARD OF THE ORANGE
BOWL AS THE SITE FOR THE 1996 OLYMPICS SOCCER
MATCHES; ALLOCATING FUNDS THEREFOR, IN AN
AMOUNT NOT TO EXCEED $200,000.00, FROM ORANGE
BOWL FUNDS, ACCOUNT CODE. NO. 350503-990-
404000, TO THE SOUTH FLORIDA SOCCER
ORGANIZING COMMITTEE FOR 1996 TO ASSIST IN
PROMOTING OLYMPIC SOCCER TO A WORLDWIDE
AUDIENCE.
WHEREAS, pursuant to Resolution No. 93-808, adopted
December 16, 1993, the City Commission agreed, in principle, to
participate equally with Metropolitan Dade County (the "County")
in assuring an aggregate amount of $2.7 million to secure ticket
guarantees to the Atlanta Olympic Committee for the Olympic
Games, Inc. (the "ACOG"), a private not -for -profit corporation
organized under the Laws of the State of Georgia in connection
with quarter -final soccer matches to be held at the Orange Bowl
during the Olympiad Games of 1996; and
WHEREAS, the County adopted a resolution authorizing the
County Manager to execute an agreement with ACOG providing for
County funding in the amount of $3.5 million to fulfill the total
increased obligations of the ticket guarantee, thereby rescinding
CITY CONIImSSION
MEETING OF
FEB 2 9 1996
Resolution No.
96- 157
its previous resolution concerning its initial ticket guarantee
of $2.7 million; and
WHEREAS, the City of Miami has no further financial
responsibility to AGOG to commit funds to cover any shortfall in
the ticket guarantee and wishes to rescind said commitment; and
WHEREAS, the South Florida Soccer Organizing Committee for
I
1996 (the "SFSOC"), a not -for profit corporation, was organized
exclusively to promote the Olympic Soccer Games to be held in the
Orange Bowl, and the City of Miami will reap major economic
benefits from the anticipated 75,000 visitors and 1,000 members
of the media to visit Miami for said soccer matches;
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. Resolution No. 93-808, adopted December 16,
1993, whereby the City Commission, in principle, committed up to
$1.35 million as a ticket guarantee for the award of the Orange
Bowl as the site for the 1996 Olympics soccer matches, is hereby
rescinded in its entirety.
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95- 157
Section 3. Funds therefor, in an amount not to exceed
$200,000.00, are hereby allocated from Orange Bowl Funds, Account
Code No. 350503-990-404000, to the South Florida Soccer
Organizing Committee for 1996 ("SFSOC") to assist in promoting
Olympic Soccer to a worldwide audience.
Section 3. This Resolution shall become effective
immediately upon its adoption.
PASSED AND ADOPTED this 29th day of February , 1996.
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STEPH N P. CLARK, NAYOR
ATTEST:
WALTER J. I&FRAN
CITY CLERK
APPROVED AS TO FORM AND CORRECTNESS:
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