HomeMy WebLinkAboutR-84-1309n
I
J-84- 1138
rr/D-7
RESOLUTION NO.
A RESOLUTION ALLOCATING FROM SPECIAL
PROGRAMS AND ACCOUNTS, CONTINGENT FUND,
AN AMOUNT NOT TO EXCEED $509000 TO
PARTLY UNDERWRITE "THE 15TH ANNUAL
BUDWEISER UNLIMITED HYDROPLANE REGATTA
"AND AN ADDITIONAL AMOUNT OF $159000 AS A
GRANT IN SUPPORT OF THE SAID REGATTA,
SAID ADDITONAL AMOUNT BEING ALLOCATED IN
CONSIDERATION OF ENTERTAINMENT SPORTS
PROGRAMING NETWORK (ESPN) TELEVISION
COVERAGE OF THE EVENT WHICH WILL ENABLE
THE REGATTA TO BE SEEN ON CLOSED CIRCUIT
TELEVISION; FURTHER CONDITIONING SAID
ALLOCATION UPON SUBSTANTIAL COMPLIANCE
WITH CITY OF MIAMI ADMINISTRATIVE POLICY
NO. APM-1-849 DATED, JANUARY 24, 1984.
BE IT RESOLVED BY THE COMMISSION OF THE CITY OF
MIAMI, FLORIDA:
Section 1. An amount not to exceed $50,000 to partly
underwrite "The 15th Annual Budweiser Unlimited Hyrdoplane
Regatta" and an additional amount of $15,000 as a grant in
support of the said Regatta are hereby allocated from
Special Programs and Accounts, Contingent Fund, with said
additional amount being allocated in consideration of Enter-
_- t
_
tainment Sports Programing Network (ESPN) television coverage
i
of the event which will enable the Regatta to be seen on
closed circuit television.
Section 2. The herein allocations are conditioned upon
substantial compliance with City of Miami Administrative
Policy No. APM-1-84, dated January 249 1984.
PASSED AND ADOPTED this 15th day o November 1984.
ATTEST: MAURICE A. FERRE
M A Y O R
G: UN I
City Clerk
Aa
Lk
CITY Cow-IISSION
MEETIT• ,21 OF
s {
NOV 1 1984
'13
dt
RESOLUTIONi;n�
s.
REMARKS.
Naw;
. TO, Howard V . Gary
City Manager
FRoM: Walter E. fGolby
Stadiums Administrator
CITY OF MIAMI, FLORIOA
INTER -OFFICE MEMQRANOUM
DATE: October 2, 1984 FILE:
SUBJECT: Budweiser Unlimited Regatta
REFERENCES: October 10, 1984 Agenda
ENCLOSURES:
At the January 26, 1984 Commission meeting a grant of $35,000 seed
money was set up to underwrite the Budweiser Regatta and a grant of
$10,000 was made to the Regatta to enable closed circuit television
coverage of.,the Regatta on the E.S.P.N. network. All expenses
charged to the General Fund seed money account are being transferred
to the Marine Stadium operating budget. The final cost of the
E.S.P.N. coverage was $9,000. At this same meeting a grant of
$100,000 was accepted from Anheuser-Busch as purse money for the
Regatta.
The Florida Inboard Racing Club, (F.I.R.C.), which had assisted the
City in staging thirteen consecutive Champion Spark Plug Regattas,
joined with the City to co-sponsor the Budweiser Unlimited Regatta.
An agreement was made with the F.I.R.C. to divide all event revenues
and expenses with the City. The City entered into a separate
agreement with Anheuser-Busch to implement payment of the $100,000
purse money to the Unlimited Racing Commission. At the May 24, 1984
Commission meeting, the City Manager was authorized by Motion 84-595
to sign these two agreements for the City; ratification of the City
Manager's execution of these agreements followed at the June 14, 1984
Commission meeting with Resolution 84-612.
Commissioner J.L. Plummer Jr., who was appointed by the Commission as
its liaison with the City administration for the Regatta, directed
every organizational meeting of a "Regatta Committee" composed of
representatives of the F.I.R.C., Anheuser-Busch and several City
departments. These meetings set a solid foundation for a successful
event.
After paying all event expenses incurred by the City and the F.I.R.C.
and all State sales taxes, an event profit of $19,763.00 was
available for division between the City and its co-sponsor, the
F.I.R.C. A check for one-half of the profits in the amount of
$9,881.50 is being prepared for presentation to representatives of
the F.I.R.C. at the October 10, 1984 Commission meeting.
WEG:cv
Sri -13 Oq
Ll
0
PREPARED AND APPROVED BY:
ROBERT F. CLANK
DEPUTY CITY ATTORNEY
APPROVED T OR AND CORRECTNE55:
LUCIA A. DOU ERTY, CIJY ATTORNEY
Ijr
84-1309