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HomeMy WebLinkAboutR-83-0388t 4L RESOLUTION No. I'-0 �.•�66 A RESOLUTION AUTHORIZING THE OFFICE OF STADIUMS TO EXPEND $7,500 FROM THE FISCAL YEAR 1962-83 ORANGE BOWL OPERATING BUDGET FOR THE PURPOSE OF UNDERWRITING THE PRO- DUCTION COST TO THE CITY OF MIAMI OF TELE- VISION COVERAGE OF THE 1.983 CHAMPION SPARK PLUG UNLIMITED HYDROPLANE REGATTA BY ESPN CABLE TELEVISION NETWORK; SAID MONEY TO BE RETURNED TO THE FISCAL YEAR 1982-83 ORANGE BOWL OPERATING BUDGET IF THERE ARE SUFFICIENT TICKET PROCEEDS FROM THE REGATTA. WHEREAS, ESPN is a sports cable television network which can be seen by an estimated 25,000,000 households; and WHEREAS, the one -hour ESPN telecast of the Regatta would give the City of Miami the equivalent of fifteen 30-second advertising spots; and WHEREAS, ESPN has requested that the City of Miami underwrite the production costs to provide television coverage of the 1983 Champion Spark Plug Unlimited Hydroplane Regatta; and WHEREAS, the Office of Stadium's Fiscal Year 1982-83 Orange Bowl Operating Budget can advance the $7,500 for this purpose with the said advance money to be returned to the Fiscal Year 1982-83 Orange Bowl Operating Budget if there are sufficient ticket proceeds from the Regatta; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The Office of Stadiums is hereby authorized to advance $7,500 from the Fiscal Year 1982-83 Orange Bowl Operating Budget for the purpose of underwriting the production cost to the City of Miami of the 1983 Champion Spark Plug Unlimited Hydroplane Regatta by ESPN television. Section 2. The said $7,500 is to be returned to the Fiscal Year 1982-83 Orange Bowl Operating Budget if there are sufficient ticket proceeds from the Regatta. c:rrY wTW.-JISSION I Ay 12 11983 WARM'- f) PASSED AND ADOPTED this 12th clay of May 1983. MAURICE A. FERRE MAYOR ATTEST: City Clerk PREPARED AND APPROVED BY: Ace4a p& / • ROBERT F. CLARK DEPUTY CITY ATTORNEY APPROVED AS TO FORM AND CORRECTNESS: JOS R. GARCIA-PEDROSA CI ATTORNEY 83--366 CITY OF MIAMI, FLORIDA 71 INTER -OFFICE MEMORANDUM TO Howard V. Gary DATF April 27, 1983 �iLE ••, City anager F R,-. '.'Walter E. Golby Stadiums Administrator Champion Spark Plug Unlimited Regatta - ESPN Coverage FF F("L'. ES 1) Cover memo for Resolution 2 ) Copy of draft Resolution The Office of Stadiums has been advised that the City of Miami has been offered the chance to underwrite the production costs of television coverage of the 1983 Champion Unlimited Regatta by ESPN network. ESPN is a sports cable network which enjoys 20.7% of the United States cable network business and can be seen by an estimated 25,000,000 households. Underwriting production cost to the City of Miami of television coverage of the 1983 Unlimited Regatta by the ESPN network would be $7,500. This compares with a major metropolitan city full page color advertisement for $26,000 to $30,000. The one hour ESPN show would give the City of Miami the equivalent of fifteen 30-second advertising spots at $3,000 per spot or $45,000. We recommend that the payment to ESPN be made from the Orange Bowl's budget. If there are sufficient ticket proceeds from the Regatta, the Orange Bowl's budget will be reimbursed. In addition to the above, the Office of Stadiums would recommend a large City of Miami or "Miami's for Me" billboard be constructed on the Marine Stadium barge directly across from the Marine Stadium grandstand. If it is your desire to proceed in this manner, we have prepared a draft resolution for Commission approval of this expenditure. co -a WEG : em ?",, y a T ,• L4 .0 n C=:0 w m N3-388 Howard V. Gary City Manager �p Walter E. Golby Stadiums Administrator CITY OF MIAMI. FLORIDA INTEROFFICE MEMORANDUM '1 DATE April 27, 1983 FILE Draft Resolution - ESPN production cost for 1983 Champion Regatta 4 EFI FE•. ES �NCLOSL.RrS Copy of draft resolution The Office of Stadiums recommends the adoption of the attached draft reso- lution authorizing the expenditure of $7,500 from the FY 82-83 Orange Bowl Operating Budget to underwrite the production cost to the City of Miami for television coverage of the 1983 Champion Spark Plug Unlimited Hydro- plane Regatta by the ESPN cable tele- vision sports network. ESPN is a sports cable television network which enjoys 20.7% of the United States cable network business and can be seen by an estimated 25,000,000 households. The City of Miami has been offered the chance to underwrite the $7,500 production cost of television coverage of the 1963 Champion Spark Plug Unlimited Hydroplane Regatta by ESPN. The one -hour ESPN show would give the City of Miami the equivalent of fifteen 30-second advertising spots at $3,000 per spot or $45,000. This compares with a major metropolitan city full page color adver- tisement for $26,000 to $30,000. The Office of Stadiums recommends that the payment to ESPN be made from the Orange Bowl's operating budget. If there are sufficient proceeds from the Regatta, the Orange Bowl's budget shall be reim- bursed. WEG:em 83-38F-