HomeMy WebLinkAboutM-90-0329n
CITY OF MIAMI. FLCRIDA
INTER -OFFICE MEMORANDUM
To Honorable Mayor and Members
of the Ci t'y Commission
Cesar (''Qldfo
GAO?. City Manager
1
-DATE April 18, 1990 ;:'LE
SUBJECT Discussion Item
April 26, 1990
Commission Meeting
pE:cc E:AC ES
E'4CLGSURES
I am scheduling as a discussion item the approval of a new ten
year contract with the University of Miami to play varsity
football games at the Orange Bowl.
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90-0329
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0 �J TEN YEAR PROJECTION: ORANGE BOWL REVENUES FOR LOAN REPAYMENT
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FISCAL -----SURCHARGE---- ---ADVERTISING---- TOTAL
r•
YEAR CONCESSIONS U. M. OTHER U.M. OTHER TOTAL W/OUT UM SUR
--------------------------------------------------------------------------------------------
c FY 90 $225616 $35000 $325415 $0 $35000 $621031 $586031
m FY 91 $139455 $297240 $319756 $45000 $105000 $906451 $609211
FY 92 $224705 $297240 $319756 $45000 $105000 $991701 $694461
FY 93 $227847 $346780 $319756 $45000 $105000 $1044383 $697603
FY 94 $153400 $297240 $349314 $45000 $105000 $949954 $652714
FY 95 $243407 $312102 $366779 $45000 $105000 $1072288 $760186
FY 96 $243407 $312102 $366779 $45000 $105000 $1072288 $760186
FY 97 $243407 $312102 $448351 $45000 $105000 $1153860 $841758
FY 98 $287479 $312102 $448351 $45000 $105000 $1197932 $885830
FY 99 $287479 $312102 $448351 $45000 $105000 $1197932 $885830
FY 00 $287479 $312102 $448351 $45000 $105000 $1197932 $885830
-----------------------------------------------------------------
+' TOTALS: $2563681 $3146112 $4160959 $450000 $1085000 $11405752 $8259640
+
ASSUMPTIONS
+ Concession Price increases: 10% in FY'92
8% FY'95
8% FY'98
Contribution to Stadium Operations: FY'90 $713,050 (BASE)
(from Concession Revenue) FY'93 10% over BASE
+ FY'95 15% over. BASE
FY'98 5% over. FY'97
o ; Surcharge Rate Changes: FY'91 - $0.50, $0.80, $1.10
+ FY'94 - $0.50, $0.80, $1.25
FY'97 - $0.75, $1.00, $1.50
a M ; UM $1.00 ALL YEARS
Attendance: 5% for. Class 1 in FY' 91
5% in all Classes in FY'95
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V
TEN YEAR PROJECTION: ORANGE BOWL REVENUES FOR LOAN REPAYMENT
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FISCAL -----SURCHARGE---- ---ADVERTISING--- TOTAL
YEAR CONCESSIONS U. M. OTHER U.M. OTHER TOTAL W/OUT UM SUR
-----------•---------------------------------------------------------------------------------
FY 90 $225616 $35000 $325415 $0 $35000 $621031 $586031
FY 91 $139455 $297240 $319756 $45000 $105000 $906451 $609211
FY 92 $224705 $297240 $319756 $45000 $105000 $991701 $694461
FY 93 $227847 $346780 $319756 $45000 $105000 $1044383 $697603
FY 94 $153400 $297240 $349314 $45000 $105000 $949954 $652714
FY 95 $243407 $312102 $366779 $45000 $105000 $1072288 $760186
FY 96 $243407 $312102 $366779 $45000 $105000 $1072288 $760186
FY 97 $243407 $312102 $448351 $45000 $105000 $1153860 $841758
FY 98 $287479 $312102 $448351 $45000 $105000 $1197932 $885830
FY 99 $287479 $312102 $448351 $45000 $105000 $1197932 $885830
FY 00 $287479 $312102 $448351 $45000 $105000 $1197932 $885830
TOTALS: $2563681 $3146112 $4160959 $450000 $1085000 $11405752 $8259640
ASSUMPTIONS
Concession Price increases: 10% in FY'92
8% FY'95
8% FY'98
Contribution to Stadium Operations: FY' 90 $713, 050 (BASE)
(from Concession Revenue) FY'93 10% over. BASE
FY'95 15% over BASE
FY'98 5% over. FY'97
1.1
Ll
Surcharge Rate Changes: FY'91
- $0.50,
$0.80, $1.10
FY'94
- $0.50,
$0.80, $1.25
FY-97
- $0.75,
$1.00, $1.50
UM
$1.00 ALL YEARS
Attendance: 5% for. Class 1
in
FY'91
5% in all Classes
in FY'95
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