HomeMy WebLinkAboutR-90-0475v-9v-iro
6/28/90
90- 4'75
RESOLUTION NO.
A RESOLUTION AUTHORIZING AND DIRECTING THE
CITY MANAGER TO ENTER INTO A CONTRACT, IN A
FORM ACCEPTABLE TO THE CITY ATTORNEY, WITH
THE ORANGE BOWL COMMITTEE FOR USE OF THE
ORANGE BOWL STADIUM FOR A FIVE-YEAR PERIOD
WITH THREE FIVE-YEAR RENEWAL PERIODS AT THE
OPTION OF THE USER, WITH A USER FEE OF
$200,000 PER YEAR FOR THE FIRST -FIVE YEAR
PERIOD OF USE WITH THE BASIC TERMS OF SAID
CONTRACT AS FOLLOWS: THE CITY SHALL PROVIDE
STAFF AS TICKET TAKERS, GAME DAY PARKING OF
2,000 SPACES, CONTINUED USE OF CITY -OWNED
OFFICES AT NO CHARGE; THERE SHALL BE AN
ESCALATION IN THE AMOUNT OF THE USER FEE AT
THE END OF FIVE YEARS BASED ON THE CONSUMER
PRICE INDEX; AND THE CITY SHALL ALSO PROVIDE
POLICE, FIRE AND STADIUM STAFF.
WHEREAS, the CITY owns and operates the Miami Orange Bowl
Memorial Stadium, (the "STADIUM") which is one of two facilities
available for the presentation of the event known as the Orange
Bowl Classic Football Game (the "CLASSIC"); and
WHEREAS, the COMMITTEE's success in staging the CLASSIC at
the STADIUM is a result of its ability to schedule the CLASSIC on
or about New Year's day of each year; and
WHEREAS, the presentation of the CLASSIC in the STADIUM has
focused national and international attention on the CITY and
provides the CITY with publicity beyond measure; and
WHEREAS, the CLASSIC draws thousands of participants and
spectators to the CITY and therefore has a great impact on the
economy of the CITY and the State of Florida; and
WHEREAS, it is essential to the COMMITTEE that it have
exclusive use of a stadium such as the STADIUM on or about
January 1 of each year to stage the CLASSIC so that it may
discharge its obligations and commitments to event sponsors,
collegiate football conferences and the public in general;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY
OF MIAMI, FLORIDA:
CITY COMMISSION
MUM OF
, U N N N4
90- 47�
Rt/R1.Y1t01!
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 City Manager is hereby authorized and
directed to enter into a contract, in a form acceptable to the
City Attorney, with the Orange Bowl Committee for use of the
Orange Bowl Stadium for a five-year period with three five-year
renewal periods at the option of the user with a user fee of
$200,000 per year for the first five-year period of use and with
the basic terms of the contract for the period of use and
renewals thereof being set forth as follows: The City shall
provide event support staff, such as ticket takers; game day
parking of 2,000 spaces shall be furnished the Committee; the
City shall provide the Committee with continued use of City -owned
stadium offices with no charge for the cost of electrical
consumption at such offices; there shall be an escalation in the
amount of the user fee at the end of five years based on the
consumer price index; and the City shall also provide police,
fire, and stadium staff.
Section 3. This Resolution shall become effective
immediately upon its adoption.
PASSED AND ADOPTED this 28th day of
ATTEST:
MATTY 14IRAI
CITY CLERK
APPROVED AS TO FORM AND CORRECTNESS:
JOR E . FERNFERNPW DEZ
CITY ATTORNE
AVL:gb:bss:M1723
, 1990.
XAVIER I�. JSUAREZ, MAYOR
- 2 - 90- 475
INTER -OFFICE MEMORANDUM
TO : Matty Hirai DATE : September 7, 1990 FILE
City Clerk
r SUWECT : Orange Bowl Stadium Use
Agreement/Orange Bowl Committee
FRO J rge L. ernandez REFERENCES : City Commission Meeting
City Atto ney ENCLOSURES. June 28, 1990
Our examination of the City Clerk Reports for the above -
referenced meeting reveals that the City Commission's action on
the above subject was erroneously reflected and is in the form of
a motion (M90-475) instead of a Resolution. Accordingly, this
memorandum should be filed with your records to accurately
reflect the Commission's action in regard to its ioll call vote
on that subject. The Resolution itself has already been
forwarded to your office.
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90- 47
0 . USE FEE
CITY OF MIAMI
PROPOSAL FOR THE ORANGE BOWL CLASSIC GAME
k.FACT SHEET
paid by the O.B.C. to City for use
stadium and for presentation of
the event
A. USE 'FEE payment consists of:
1. Attendance -based payment
("surcharge") $ 811000
2. Fee for Use ("rent") 1190000
a2001MOII
B. ADDITIONAL ENTITLEMENTS FOR USE FEE
In addition to the use, of the stadium,
for payment of the above fee, O.B.G.
will receive at no charge:
Item
Game Day Ticket takers, Ushers
Game Day Parking (2000 spaces)
Continued regular use of City -
owned offices at stadium
Electrical consumption at offices
Total
C. ESCALATION
The $200,000 Use Fee would be subject
to escalation every five years
according to the same rates given UM:
rate of the consumer price index, not
less than 4% and not more than 6%.
Value
12,000 .
6,000 J
6,000*
D. OTHER EXPENSES COVERED BY CITY
The City will also cover all City
staff expenses for Game Day, including
Police, Fire, Stadium staff, GSA
trades people $ 629000*
* City out-of-pocket expense
ESTIMATED CITY REVENUE
Use Fee $2009000
Food/Beverage Concession Revenue 86,000
Novelty Concession Revenue 62,000
Parking Revenue (remaining spaces) 20,000
*LESS -CITY Out-of-pocket Expenses ( 85,000)
NET REVENUE TO CITY $2839000
THIS DOES NOT INCLUDE PROVISION FOR BEER SALES WHICH WILL BE A
SEPARATE CONTRACTUAL ISSUE—.
90- 475
Ct"Y OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
TO. Angela R. Bellamy
Asst. City Manager
1PROW Hattie M. Daniels, Director
Department of Internal Audits
and Reviews
DATE: June 27, 1990 FILE -
SUBJECT: Orange Bowl Committee
Compliance with
Ordinance #E10540
REFERENCES:
ENCLOSURES:
1. Ordinance 10540 adopted on january 12, 1989, mandates that:
future leases of City -owned property to private clubs and
organizations adopt and implement an affirmative action plan.
According to Stephanie Nays, Business Manager, Orange Bowl
Committee, no such plan or statement exists. Therefore, the
Orange Bowl Committee is not in compliance.
Z. The minority membership of the lessee club or organization
representative of the City of Miami's population shall consist of
no less than ten percent (10X) of the total membership after the7
first year of this lease agreement.
The Orange Bowl Committee is in compliance with this
provision. Twelve percent (12%) of the Orange Bowl
Committee membership is minority (Blacks (8) 5.7%, and
Hispanics (9) 6%).
3. Lessee shall provide a minimum of six (6) public service
functions for minorities at the club or organization facilities,
which shall include three (3) for Hispanics and three (3) for
Blacks. Four of the six public service functions shall be
scheduled during the summer months of June, July, and August of
each year and shall include two for Hispanics and two for Blacks.
The Orange Bowl Committee will provide detail compliance
efforts at City Commission Meeting of June 28, 1990. Public
service functions held but not identified by ethnic group and
date.
4. There shall also be a provision in every such agreement
mandating the adoption and implementation of the annual goal of
fifty-one percent (51%) minority/women business participation in
the procurement of goods and services by lessees, requiring that
Angela B. Bellamy
June 27, 1990
Page 2
1
lessees report annually to the City's Office of Minority/Women
Business Affairs on the attainment of said goods.
According to Stephanie Mays, Business Manager, the Orange
Bowl Committee is not in -Kompliance. As a nonprofit
organization with a budget to maintain purchases are based on
lowest cost. Adrienne McBeth was unavailable to determine if
the Orange Bowl Committee reported to the City's Office of
Minority/Women Business Affairs on the attainment of goods as
mandated by Ordinance 10540.
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GRANGE ROW. L:
740 MEMBERS
6 White Females
1 Black Female
7 Black Males
2 Latin Females
7 Latin Males
117 White Males
16% of total membership is marl
MEMBERS BROUGHT IN SINCE 1987
28 MEMBERS
15 White Males
2 Latin MA1.ee
4 White Females
4• Block Males
1 Black Female
2 Latin Females
46% of new members have been wo
STAFF
24 TOTAL STAFF
6 White Females
2 Black Tamales
3 Black Males
3 Latin Males
10 White Males
581 of stall is made up of womej
OHLVEE M114PR811tP
ul) of women/minorities
/minorities
Vmi nnrlLies
p. 9112
fits .27-90 WEb 16 2se LAW bEP-r 0:2
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CITY 4F Iy11AMI,'1Ot11pA
• INTEh•OFFICE 'MEIVIOi#ANDUM AP�
CORAY tie Od
City "ainage
1141► . Aprtl 121 1969 rwrMli��dSiy0�6
svmcr RequRAt tar 4,#981 Opiniont
Mvinge Bowl Committee
a ►.,,.,.,., _ Agreement
do ge T,. ?je"
andos nt►In s:
City httor
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Thin i in eesponso to your request for a legal opinion On
the foitoK149 questionsr
I. WItZTNRR Tilt CITY AGKZ6MRNT WITH "S. ORANGC BOWL# COMMITTIEE PAT60 DULY Rdrno
1976 IS SUBJECT TO THE PROVISIONS Or
OR41NANCE NO. 10S40.
It. NHXTHRR A FUTURE AGREEMENT WITH THE
0RhNG9 BOWL COMMt'1TTERr IN A rORK
SIMILAR TO THE CURRENT 1kORESN8NTr EB n a .
SUBJSCT TO 'THC PROVISIONS OE ORDIMh%CR
We 10540.
Itte W`H6THER USE AGREKKENTSI IN GENERAhl AND '
OTHER CONVEYANCES SUCH AS USE 1PERMITS i ]�
RSVOCAeLS PERMITS# AND MANA06146NT � lJ
•'{_ "�' ; � CO_NTRACTa, ARE SUBJECT TO "S
OE SHIP ORDINUCS AS WHO -AS
`:••.....4. :- -• HOLD 1NT6RE3T Id CONVaYBA. ..
?hYa SO rs, theses, questions are predi' �`�! an an
' inat on4snd i»'b' rstation of the i tti at
. , Tn
-•= 4 dinanc9*_No. 10560 t"Ordinance" . j .
'room e' f�;-Orange tlowi Classic •-stated . I 6j 1996 :
•and •b!tw6en the City of Miami any! therange bowl
s, • t
• Coma ttts t "Agreament") . ,^.0
Tconscript: of the January 12, 1909 eii �Cammissi,on
,.do
90— 474
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Cesar It. fldi
city Malnassrl
1 A :S9 L-AW DEPT
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P i y .T
April 12, 1999
Page 2
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The answer to your first gaestlun to in the negativo.
t
parts section 1 of the Ordinance specifically states in pertinent
(a) Notwithstanding any City Code Mass
to the contrary, in all future Mass of
City -owned prop erty'"•-to I)F vt` a a clubs and
organizations, the lease agreements
Aall contain the following language
that mandates adoption and implem*n-
tation of an afiirl"Ative action plan by
such club or organization, .
(emphasis supplied).
Inasmuch as the term of the Agreement commenced on July 25,
1976 and doe's not expire until Pabruary 1, 1991, -the Ordinance .its
tnappl t vabl off.
The anywar to your second question is in the negstiva,
Subject to t'he following aaveat.
i
The hg�eement, strictly construed, to considered to be a
*10640" Sine* it is specifically preferred to as a "lease
agreement," (S.0 Agreement, Paragraph 2). Although agreements
are to be Construed to give effect to the intention of the
parties, as :ma►nifested by th's words used, a lease is construed by
giving meaning to all of the language it contains, Se0_ gefterallv
Mann v h m so , 100 So.2d. 634 (P1e, 1969)1 Natignal Ifatol,
NO o e , 96 Bo,24 774 (Fla. 1957)1 Stemmer V. -moon
-ow4 r Got 150 (Fla. lot oCA 1962). Furt etmore, C e
upreme ou t reasoned in H Hotel o *ratan Co Donn, 29
do.2d 441, a3 (Pla, 1947), that wor r terms having e -"flnite
legal meaning and effect will be pre.sumsd to have their proper
legal meaning and effect in the written instrument provided theirs
16 no contar ry intention appearing in the instrument,
NotwLt�standing the use of the term "lease agreement," St
may be argued upon the examination of the entire Agreement, that
the parties; did not necessarily intend to enter into d landlord -
tenant conkractual relationship, Specifically, pursuant to
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pity manager;
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P,Pril���' Yoe
Pare re►ph 3 of the Agreement (Use of stadium), the Orange DOW1
Committee ooptracted with the City to
t
u48 the Stadium each year on ;anuary 119t,
through and including New Year's Day,
Ja.nuary 1# 19860 or at such other times as
may be mutually agreed upon by the partieef
fore the purpose of staging the annual Orange
8orl classic. «,
c
Given `he subject matter of the Agreamentr that is, the uoo
Of the atad um, it may be argued that the City did not Convey a
leasehold interest to the Orange Bowl Committee, but merely a
-1lcanse to use the facility on certain dates for a period of
years. A "license" is defined to be an authority to do a
particular sot, ov series of acts, upon another's land without
possessing any estate therein. Devlin v. The Phoenk,, lnw 471
So.2d 93 fr1a. 5th DCh 1985), in tom`"Lne'taE nt altuatton CFe real
property in question belongs to the City of Miami. The Orange
Bowl Committee is given exclusive poteession of the stadium on
certain vpseified date$, however, it does not have a possessory
interest in that property. Rather# the Orange Bowl Committeds
under the berms of the Agreementr merely has the right to stage
the Orange Jowl Classio. Thus, it is reasonable to conclude that
the dooument created a liotneor-licensee relationship rather than
a landlord -"tenant relationship. As long as a future agreement
similarly drafted is considered to be a< lieenee, it will not be
supjeet to the Ordinance.
QuaN No. ttx
The answer to your third question is in the negative.
While the City Commission did discuss expanding the
Ordinance :to include different kinds of. arrangements with
oraanit&tio�js an4 clubs other than leaso8, -the Ctty Commission
EVote4 unanimously to restrict the Ordinance to leases, (See
transcript pages 180 and 167.) Thereforep use agreements,
r0vocabl4 permits and manacaement contract$ are not subject to the
�ordinanae �
} CONZUSiON'
Based on the foresoingr it may be concluded that only future
lease agreements with tho City AM subject to Ordinance 106401
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tUK—t-r -90 WELD 1 9 t 02 LAW VMr-r
CesAc H. odic'
City Manager
0. ads
,April l2, 1904
Pepe 4
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however# ueo ;agre*mentst revocable perMta# management contracts
and liconsos,are not sub�ect•to the provisions Of gpid Ordinance.
PREPARED hY$ REVUM eye
jo�vas,--,�••�
n a . Matson •
Agaistant City Attorney Deputy nCt Attorney
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1/12/09
ORDINANCC: NO.
All ORDINANCE RC-QUIRINV THAT ANY FUTURS TEASES
OF CITY -OWNED PROPERTY TO PRIVATE CLUBS AND
ORGANIZATIONS CONTAIN PRESCRIBED LANGUAGE IN
T1111 CEASE AGREEMENT AS SET FORTH IN THIS
ORDINANCE, WHICH LANGUAGE MANDATES ADOPTION
AND IMPLEMENTATION OF AN AFFIRMATIVE ACTION
PI►AN by SUCH CLUB OR ORGANIZATION, SAID PLAN
TO RESULT IN PARTICIPATION BY MINORITIES IN
CLUA OR ORGANIZATION MEM8thsHIP AND
AC►PTVITIES; ALSO REQUIRING THAT SUCH FUTURE
LEASE AGREEMENTS INCORPORATE THE PROVISIONS
OF ORDINANCE NO. 10062 RELATED TO MINORITY
PROCUREMENT T11ER98Y MANDATING THE ADOPTION
AND IMPLEMENTATION OF THU ANNUAL GOAT, OF
FIFTY-ONE PERCENT (Slt) MINORITY/WOMEN
BUSINESS PARTICIPATION IN THE PROCUREMENT OF
GOODS AND SERVICES BV` LE$SEES; FURT11151k,
REQUIRING THAT SUCH FUTURE LEASE AGREEMENTS
CONTATN A PROVISION REQUIRING THAT LESSEES
REPORT ANNUALLY TO T11E CITY' S orrice OF
MINORITY/WOMEN BUSINESS AFFAIRS ON THE
ATTAINMENT OF SAIb GOALS; CONTAINING A
REPEALER PROVISION AND A SEVERASILiTY CLAUSE;
AND PROVIDING FOR INCLUSION 1N THE CITY CODE;.
BE IT ORnAINED BY THE CUMMISSIUN OF THE CITY OF HIAMI,
FLORIDAI
Section I. (a) Notwithstanding any City Code provision
to the contrary, in all future leases of City -owned property to
private clubs and organizations,
contain the following language
the lease agreements shall
that mandates adol,tion and
implementation of an affirmative action plen by such club or
c►rganizat,ion:
"AFF1 RMAT,j M ACT c, I ri,A14
An affirmative action plait requires that action be
taken to provide equal opportunity, as in hiring or
admission, for members of previously disadvantaged
groups, such as women and minurltlea, and of Lest
involves specific goals and timetables.
I►E:SSEE, in . furtherance or providing equal
opportunity for previously disadvantaged groups such as
minorities, shal institute an Affirmative Action Plan.
The minority membership of the LESSEE club or
orgnaizati.on representative of the City of Miamian
population shall consist of no less titan ton percent
(10%) of the total membership sifter the first year of
this Lease Agreement..
90- 47
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Jib 14 -i *stt e3
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bE;SSEE shall then incieane its minority membership
five ppercent (5!) per year thereafter until such time
as a�►id total club or organisation membership reflects
the minority percentages representative of tits City of
Miami's population.
LESSEE shall provide a minimum of six (6) public
services functions for minorities at the club or
,vorganization facilities, which shall include three (3)
for filmpanics anti three (3) for Blacks. Four of the
six public service functions shall be scheduled during
the summer months of June, July, and August of each
year and shall include two for Hispanics and two. for
111ackn . "
(b) There shall also ba a provission in every
such lonse-agreement rexeerring to Ordinance*No. 10062 related to
minority procurement and incorporating such Ordinance No. 10062
within all said agreements thereby mnndatiny ties ,adoption and
Implementation of the annual goal of fifty -case percent (51%)
minority/women business participation. ire the procurement of .goods
and servicam by lessees; further, every such lease agreement
shall contain a provision requiring that lessees report_annually
to_the City'@. Office. of Minority/Women„ Business Affairs on the
atteisiment of said goals.
Section 2. All ordinances or part$ of ordinances insofar
as they are inconsistent or in conflict with the provisions of
this Ordinance are Itereby repealed.
Section 3.
If
any section, pars:
of section, paragraph,
clause, phraRe or
word
of. thin Ordinance
is declared ifevalld, Lite
raining provisions of this Ordinance shall riot be affected.
This Ordinance shall be etfectivee and the Niovielons thereof,
unless otherwise indicated herein, shall become operative in
srrnreinnee with City Charter provisions.
Ruction 4.
it
is the intention of
the City
Commission
that the provisions
of
this Ordinance shall
becu"16 pad
Le made a
part of the Code of the City of Miami, Florida, as amended, which
provisions may be renumbered or resleLtered Qlld tleat the word
90 - 475
Irmu 14 u.,
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h.04 -
*tlt�dltiAnue" Osay be changed to "tsc�ctiun"� °'oitic:le", ui- ot.ti�r
p-repr,int* word to Accomplish such intention.
PASSEL? UN FIRST REAMING hT TITLE ONLY thie eth day of
s�R�tQmbor , i9n0.
PASSED AND ADOPTED ON SECOND AND FINAL READING BY TITLE ONLY
this _ 12thday of . January 1909.
XAV1EIt L. SU ItEZ IAYt)it
ATTF ' i
i�lA�"irlt f If RiA I
CITY ClA:k t
PREPARED AND APPROVIED RYs
/�ee4- Z/ r G�
ROBERT F. CLARK
CUIEF DEPUTY CITY ATTORNEY
APPROVED AS TO FORM
AND CORRECTNESS:
JtIR E L. • FER ANDEZ
CITT ATTORNE
RFC/bss/M357
•k,
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June 190 1990
Mr. Cesar Odio
City Manager
City of Miami
3500 Pan American Drive
Miami, Florida 33133
RE: Use Agreement for Orange Bowl Stadium
Dear Mr. Odio:
It is the intent and responsibility of our committee to
solicit and clarify the best available Use Agreement for the
Orange Bowl Stadium.
To facilitate our discussion, we have attached a list of
concerns which must be addressed to enable our presenting a
proposed agreement to the Orange Bowl Committee as a whole.
Your prompt response is appreciated, as the Orange Bowl
Committee has scheduled a decision -making meeting on June 25.
We trust that you recognize the sincerity and intent
towards reaching an amiable agreement for the benefit of the City
of Miami, the Orange Bowl Committee and the community as a whole.
Thanking you in advance, I remain,
Sincerely,
BE:p
Attachment
Bob Epling, Chairman
Negotiating Committee
P.O.box 25074& M*v%L Florida ))Il5 • (MS)642-ISIS • FAX(205)642-1521
f
V 0 w 475
ORANGE BOWL CONK17rEE
ORANGE BOWL STADIUM USH AGREEMENT NEGOTIATIONS
June 20, 1990
The following requests (concerns), as conceptually
highlighted, are critical to negotiations regarding the stadium
and must be immediately addressed as to allow consideration by
the Orange Bowl Committee:
1. Safety
4
A. An annual independent third party review, by a qualified
engineering firm, to ascertain the safety aspects of
structure, electrical, plumbing, seating, signage and
lower press box.
B. Correction of OSHA violations by football season.
C. Relocation of perimeter fence(s) per Fire Department.•A.,dow
D. Executed contracts to correct "safety" deficiencies
must be in place to effectuate OBC contract.
2. Maintenance 'Cscf 6y 4�7
Set aside annually a hinimun[ of gross annual revenues
from all stadium events for annual maintenance - as -might be
annually determined by an independent qualified third party.
3. improvements
Ticket oursha" revenues to be placed in restricted _'�\
account and used solely for improvements per mutual agreement
of City of Miami, OBC and any regular user.. Improvements
affecting game -participants shall be equal to all
partici-pants. Aes _ ti
4. Convenience
A. Replace all bench plastic seating with contour seating
within a mutually agreed schedule.
B. Upgrade and add bathroom facilities as feasible per
mutual consent of City and OBC.
C. Complete construction at 3rd elevator by football
season.
Orange Bowl Stadium Use Agreement Negotiations
June 20, 1990
Page 2
5. Parade
Renew parade contract in concert (as to term) with
Stadium contract. -
6.
Beer shall not be sold a an Orange Bowl classic game. >
7. Advertising/Svonsor Rights
Mutual review and agreement as to avoid conflicts with
any other regular users.
8. Standard Clauses
Mutual review and agreement of standard clauses, not
limited to, but to include game cancellations, game
sanctions, exclusive use rights, scoreboard usage, water
and utilities, records, audits, and general conditions.
The OBC shall pay to the City of Miami a use fee of $
annually plus a surcharge of $1.00 per ticket. The use agreement
shall be for a five year term, with options of three successive
additional five-year terms, and CPI adjustments every five years.
Use fee shall include ushers, ticket takers, 2000 parking spaces,
rental of existing office space, utilities, police and security.
71
ORANGE BOWL MODERNIZATION - PHASE II
PR0P0SED PROJECT DUDGVT
1. REPAIR AND UPGRADE EXISTING STADIUM STRUCTURE $2,900,000
2. RENOVATE LOWER PRESS BOX 1500000
3. PAINTING OF STEEL STRUCTURE 1@200*000
4. WAMRPROOPING OF CONCRETE STRUCTURE 500,000.
5. UPGRADE ELECTRICAL, SYSTEM 1*700,000
a. Primary $1,000,000
b. Secondary 400,000
C. Emergency 300,000
SUBTOTAL, (ITEMS 1-5) $6,450,000
6. UM IMPROVEMENTS 900,000
a. "Golden Canes" Seating $300,000
b. New Sound System 300,000
C. Hurricane Club House 300,000
SUBTOTAL (ITEMS 1-6) $7,350*000
7. CONTINGENCY/SPECIAL PROVISIONS (5%) 367,500
S. PRINTING, LAB & TESTS 500000
SUBTOTAL (ITEMS 1-6) $7,767,500
9. ENGINEERING FEES (9.6%)
(Design, Constr.# Project Mgr.) 750,000
TOTAL (ALL ITEMS) $6,517,500
90- 47
r
93-94
Cumulative
Improvements
City
9.6
U.M.
, 0.9
Total
10.5
Estimated
Wbt Sex7jan 52U ea _21 lundina
Surcharge -Other Events
Surcharge-U.N. (Interest)
$1,240,000 Surcharge-O.B.C.
TDC Contribution
Advertising
Operating Profit
Accumulated Surplus
Accumulated
Surplus`
(Deficit,),_.
$275,000
50,000
80,000
350,000
100,000
125,000
260.00Q
NiLnoui:. ureagm
Bowl Game CUMI.
31,240,000 $5408000 ($600,*000)
94-95 Total 10.5 $740,000 Surcharge -Other Events $275,000
Surcharge-O.B.C. 80,000
TDC Contribution 350,000
Advertising 100,000
1I Operating Profit : _125,000
$930,000 $730*000 ($790! 000)
95-96 Total 10.5 $1,000,000 Surcharge -Other Events $300,000
($9.6-million Surcharge-O.B.C. 804,000
Debt refinanced TDC Contribution 400,000
for 15 years) Advertising 150,000
Operating Profit
.$180801000 $8100000 ($10090p000)
2002-2003 Total 12.5 $1,280,000 Revenues expected to
)Mid -point for increase at least 4% a
15-year Debt) year for 7 years $1,420,000 $1,640,000 ($3,750,000)
1010-2011 Total 10.5 $1,600,000 Revenues expected to
(Final a r- increase at least 4% a
tixation of year for 8 years $11945,000 $3,580000 ($6,790,000)
Debt)
III`�o"��" i��� 61I' I'u� �I"��i m�piugl��'li'llPilli �iijlllil �I' Illill�l"1••�1
IWO
Cumulative
Improvements
jS-millionl—
Accumulated
Surplus/
102ficitl
89-90 3.0 $210,000 Surcharge -Other Events $250000 $40,000 N/A
90-91 City 9.6 Surcharge -Other Events $250,000
U.M. �0s2 Surcharge-U.N. 300,000
Total 10.5 $735,000 TDC Contribution 300*000
GSA Reduction �120.000
$970,000 $2750000 N/A
91-92 City 9.6 Surcharge -Other Events $250,000
U.N. _0.9 �'' Surcharge-U.N. r 300,000
Total 10.5 $835,000 Surcharge-O.B.C. 800000
TDC Contribution 300,000
GSA Reduction 120,000
Advertising 50,000
Operating Profit i00.000
$1,200,000 $640,000 $2600000
f
92-93 City 9.6
U.N. 011
Total 10.5
.,
r
Surcharge -Other Events
Surcharge-U.N.
$1,035,000 Surcharge-O.B.C.
TDC Contribution
Advertising
Operating Profit
$260,000
350,000
80,000
330,000
75,000
$1,195,000 $8001000 $40,000
11
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