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HomeMy WebLinkAboutR-89-1057J 89-1160 11/29/89 RESOLUTION NO. '"Oh-1057 A RESOLUTION AUTHORIZING THE SAYFRONT PARK MANAGEMENT TRUST ON BEHALF OF THE CITY TO ORGANIZE AND ADMINISTER, INCLUDING THE ISSUANCE OF PERMITS, ALL CONCESSIONS TO BE LOCATED ADJACENT TO THE RING ORANGE BOWL JAMBOREE PARADE TO BE HELD DECEMBER 311 1989, THE REVENUES FROM ALL SUCH CONCESSIONS TO BE ALLOCATED AS FOLLOWS: THE CITY OF MIAMI PROGRAMS FOR THE HANDICAPPED SHALL RECEIVE TWENTY-FIVE PERCENT (25%) OF NET REVENUES AND THE BAYFRONT PARK MANAGEMENT TRUST SHALL RECEIVE SEVENTY FIVE PERCENT (75%) OF NET REVENUES; FURTHER PROVIDING THAT THE BAYFRONT PARK MANAGEMENT TRUST SHALL BE SUBJECT TO THE TERMS AND PROVISIONS OF AN EXISTING AGREEMENT BETWEEN THE ORANGE BOWL COMMITTEE AND THE CITY DATED JULY 26, 1976. BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The Bayfront Park Management Trust on behalf of the City is hereby authorized to organize and administer including the issuance of permits, all concessions to be located adjacent to the King Orange Bowl Jamboree Parade to be held December 31, 1989, the revenues from all such concessions to be allocated as follows: The City of Miami Programs for the Handicapped shall receive twenty-five percent (25%) of net revenues and the Bayfront Park Management Trust shall receive seventy five percent (75%) of net revenues. Further, the Bayfront Park Management Trust shall be subject to the terms and provisions of an existing agreement between the Orange Bowl Committee and the City dated July 26, 1976. Section 2. This Resolution shall become effective immediately upon its adoption. - "._��`hcAix CITY CLERK PREPARED AND APPROVED BY: V 4MIRIAMK MAER CHIEF ASSISTANT CITY ATTORNEY APPROVED AS TO FORM AND CORRECTNESS: I /1_ n A t R4t JV \X0 u• - CITY ATTORN GMM : r ai :ldl?.g i r } Jor ira,hi'