HomeMy WebLinkAboutM-88-0522CITY Oft MIAM1, FLORIbA
INtElq=OFFICE MEM014ANDUM
.o Honorable Mayor and Members
of the City Commission
FROM Cesar H. Odio
City Manager
126
DATE: J U N - 1 1988 FILE:
SUBJECT
Discussion Item: Orange Bowl
Modernization Project Phase II
REFERENCES:
ENCLOSURES:
It is respectfully recommended that the City Commission give
consideration to a discussion on the Orange Bowl Modernization
Project - Phase II. This Phase of the project consists of
significant physical improvements to the facility, including new
ramps, concourses, restrooms, and concession art=as which are
vital to continuing our ability to compete against other
facilities and which have long been suggested for safety and
structural reasons. Other improvements pertain to the
communications and public addross systems of th.c Ct. diu:. .
Paul Andrews and other representatives from the firm of Kunde, ✓
Yaskin, Sprecher and Associates will make a presentation on the
more concrete aspects of the project. Walter Golby, with Carlos
Garcia, will be available to present information on the project's
financing. It is our intent, with your approval, to issue
$16 million in revenue bonds, using a portion of the City's sharp -
Metro -Dade Tourist Development Resort Taxes, the newly adopted
ticket surcharge: revenue, and advertising revenue from the new
scoreboard/message board system to cover annual payments and debt
service.
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