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HomeMy WebLinkAboutR-80-0409RESOLUTION NO. 8 7- i 09 A RESOLUTION AUTHORIZING THE CTTY MANAGER TO EXECUTF AN AGRI-1MFN t':ITF CHAMPION SPARK PLUG COMPANY POF TIiF S"'AGING OF TFiF TENTH ANNUAL ChAI,71 OT? FPART,'. PL,iIG UN1,1171_ FI) FF'OATTA A"' MIAMI MAFIT,iF ii1iF 6, T, and 8, 1980, TN SUBSTANTIAL COTIFORD'.ANCF WTTFi TFrE TERMS AND CONDITIONS A° FET FOF'''H IN T11F ATi'ACHF'I1 AGRFFA'FNT. BE IT RESOLVED BY THE COMMISSION OF THE CITY ON MIAMI, FLORIDA: Section 1. The City Manager is hereby authorized to execute an agreement with the Champion 11"par1: Plug Company for the staging of the Tenth Annual Champion Spark Plug Unlimited Regatta at the Miami Marine Stadium on June 6, 79 and 8, 1980, in substantial conformance with the terms and conditions as set forth in the attached agreement. PASSED AND ADOPTED this 6th day of JUNE 1980. Cit, Clerk PREPARED AND APPROVED BY: Assistant City Attorney APPROVED AS TO City CORRECTNESS: MAURICE A. FERRE MAYOR. "OOC�lI,�r�I I�'IDEX ITEM,► is V C p NTSNTS FULLOWis CITY CQt+9WSSION MEETING OF JUN 3 ill ,J RESOLUTION , REYAM »..»..................... 41 CITY pF 1,11AN11. FLORIDA / INTER-OFFICC MEMORANDUM TO. Joseph R. Grassie ;,ATE May 28, 1980 FILE City Manager % :>UJJE=T Agreement between City and �(I Champion :;park Plug; Co. for races at V'i ami r'arine Stadium FROM E.,R. L. J Wings, irector QE`EpF'10E; Stadiums & Marinas Department (1) Draft contract F.NCLO�'JRFS (2) Draft Resolution t For the past nine years the City of Miami and Champion `- Spark Plug Company have co -sponsored annual races at the Miami PIarine Stadium. The enclosed contract has been prepared for the staging of the Tenth Annual Champion Sparl PluFr Unlimited Regatta at the Marine Stadium on June 6, 7, and °, 1980. This department recommends that the City Commission 3 pass the enclosed draft resolution authorizing the City Manager to execute the enclosed agreement. s 80-409 AGREEMENT AGREEMENT made this day of by and between the City of Miami, Florida ("the City") and Champion Spark PlugCompany, a corporation organized under the laws of Delaware having; its principal office in Toledo, Ohio ("Champion"): WITI4ESSETIT WHEREAS, the City desires, through its Department of Stadiums and Marinas, to produce an unlimited hydroplane racing event ("the Event") to he held at Marine Stadium, Miami, Florida, commencing June 6, 1980 and continuing; through June 8, 1980, or on other dates mutually agreed upon by the parties; and WHEREAS, in consideration of certain promotional and advertising opportunities, hereinafter described, Champion is willing to advance, subject to reimbursement, certain funds to facilitate the production of the Event; The parties agree, therefore, as follows: 1. The Event will consist of an unlimited hydroplane race, run in series of separate races or heats, and conducted under the sanction of the American Power R,:�a.t Association, Un- limited class boats, conducted under the auspices of the Florida Inboard Racing; Club, Tnc. 2. The City will have entire charge of the production of the Event, and of the conduct of the races of which the Event consists. Without limiting the generality of the fore- going, the City will provide for the Event the facilities of the Marine Stadium, including the services of ticket takers, ushers, attendants, and security personnel; it will provide facilities and equipment for the accommodation of ambulances, a doctor, and other appropriate first -aid services and facilities; it will arrange for the layout, marking; any] policing; of the racecourse and obtain from the Coast ward or other appropriate governmental authority permission to conduct the races, it will 80•409 6 i obtain for the Event and the races the sanction and approval ' of the American Power Boat Association, Unlimited Division, and produce the Event and conduct the races in accordance with the terms and conditions of such sanction and approval, and it will provide or arrange for officials for the conduct and judging of the races, admit contestants and award prizes. 3. In the production of this Event and the conduct of the races (whether in the respects specifically mentioned in I Paragraph 2 above or otherwise), Champion shall have no responsi- bility, participation or right of control whatsoever. Champion shall have no share in the profits or proceeds of sales of admission tickets for the Event, except for Champion's right to obtain reimbursement of funds it has advanced as provided in Paragraph 7 below. U. The Event shall be named and promoted as the "Champion Spark Plug Unlimited Regatta." Champion and the City will cooperate in publicizing and promoting the Event, and the timing and form of the City's initial public announcement of the Event shall be subject to Champion's approval. Expenses of such publicity and promotion shall in each case he borne by the party incurring; the same, without reimbursement from the other party. Champion shall be entitled to refer to and depict the Event in its own corporate and product advertising, as Champion in its judgment deems appropriate. The City may, with and subject to Champion's approval (which Champion may for any reason withhold), sell or otherwise grant television broadcast or motion picture rights to the Event. The parties hereto understand that the American Power Boat Association Unlimited Division Radio Network is granted free and exclusive rights to the Event. 5. The City agrees not to enter into an agreement with any other commercial sponsor for the Event without the prior written consent of Champion having first been obtained. 2 •- The City agrees to qualify its Sanction Application to the American Power Boat Association contingent upon the terms of this agreement. The City further grants to Champion the right of first refusal to sponsor the event in 1981 and 1982. 6. Champion shall advance to the parties named below the following sums of money: a. Two Thousand Five Hundred Dollars ($2,500) payable to the American Power moat Association Unlimited Fund upon filing of sanction fee for this Event, representing ten percent (10%) partial prize money. b. Twenty Two Thousand Five Hundred Dollars ($22,500) payable to the American Power Boat Association Unlimited Fund on or before .tune 8, 1980. c. A sanction fee of Two Thousand Five Hundred Dollars ($2,500) payable to the Unlimited Racing; Commission Fund, APBA. (Paid 2-28-80). d. An insurance premium of. One Thousand Seven Hundred and Forty -SIX Dollars ($1,746) payable to the American Power Po.r,t' Association. (Paid 2-27-80 and 3-13-80). e. 1. LEGAL START PIUI L'I $1,500.00 per boat that makes a legal start in any elimination heat. (Boat must qualify to make a legal start.) t1,000.00 qualification money if bumped from 10 or 12 boat field. 2. QUAL1 FY11IG MONEY $1,000.00 per day for first two days only. Each Pay: $350.00 - $250.00 - $175.00 - $125.00 - $100.00 Fastest Overall qualifier: First, $300.00 - Second, $200.00 To qualify each boat must achieve speed set forth in rule book (Rule 4, Section 4E). _3— SO- 409 s y n' r' 3. NEAT PRIZE MONEY $500.00 per teat each preliminary heat (Boat must finish heat to qualify for prize and finish 75 minutes from start of race, Rule 5, Section 2A). f. One Thousand Five Hundred Dollars ($1,500) payable to the Florida Inboard Racing Club representing; purse money for limited hydroplane winners. 7. Champion shall be reimbursed by the City, out of the net proceeds of the event, a sum equal to the lesser of (1) the amount of such net proceeds; or (2) Seventeen Thousand Dollars ($17,000). As used herein, "net proceeds" means the total of all income derived by the City from sales of admission tickets to the Event, less the total of any sales, admissions of other excise taxes levied directly on such sales of admission tickets. S. Champion shal.l. be given one thousand (1,000) gratis Grandstand Stadium Tickets of ChampJonls choice and up to a maximum of five hundred (500) additional Stadium Tickets at forty per cent (401') discount of regular 11st price. This Agreement may be terminated at the option of either Champion or the City of Miami if it is determined by either party that event contempleted hereunder is not in the best interests of the nation or community whore mace is to be held because of an adverse national economy, energy or fuel situation in general or due to lack of or limited fuel supply within the Miami metropolitan area which may exist prior to or on the date of the event. IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their respective officers and officials on the date first above written. - 4 - CITY OF MI'AMI, FLORIDA, a municipal corporation ATTEST: CITY MANAGER Date: CITY CLERK CHAMPION SPARK PLUG COMPANY ATTEST: Y - Vice President -Merchandising & Sales Promotion Date: 5-22-80 1Wrj`, SE RFTARY APPROVED AS TO FORM AND CORRECTNESS: CITY ATTORNEY / M; 80-409 _ AGREEMENT AGREEMENT made this day of by and between the City of Miami, Florida ("the City") and Champion Spark Plug Company, a corporation organized under the laws of Delaware having its principal office in Toledo, Ohio ("Champion"): WITNESSETH WHEREAS, the City desires, through its Department of Stadiums and Marinas, to produce an unlimited hydroplane racing event ("the Event") to be held at Marine Stadium, Miami, Florida, commencing June 6, 1980 and continuing through June 8, 19809 or on other dates mutually agreed upon by the parties; and WHEREAS, in consideration of certain promotional and advertising opportunities, hereinafter described, Champion is willing to advance, subject to reimbursement, certain funds to facilitate the production of the Event; The parties agree, therefore, as follows: 1. The Event will consist of an unlimited hydroplane race, run in series of separate races or heats, and conducted under the sanction of the American Power Moat Association, Un- limited class boats, conducted under the auspices of the Florida Inboard Racing; Club, Inc. 2. The City will have entire charge of the production of the Event, and of the conduct of the races of which the Event consists. Without limiting the generality of the fore- going, the City will provide for the Event the facilities of the Marine Stadium, including; the services of ticket takers, ushers, attendants, and security personnel; it will provide facilities and equipment for the accommodation of ambulances, a doctor, and other appropriate first -aid services and facilities; it will arrange for the layout, marking and policing; of the racecourse and obtain from the Coast Guard or other appropriate governmental authority permission to conduct the races, it will obtain for the Event and the races the sanction and approval of the American Power Boat Association, Unlimited Division, and produce the Event and conduct the races in accordance with the terms and conditions of such sanction and approval, and it will provide or arrange for officials for the conduct and judging of the races, admit contestants and award prizes. 3. 1n the, production of this Event and the conduct of the races (whether in the respects specifically mentioned in Paragraph 2 above or otherwise), Champion shall have no responsi- bility, participation or right of control whatsoever. Champion shall have no share in the profits or proceeds of sales of admission tickets for the Event, except for Champion's right to obtain reimbursement of funds it has advanced as provided in Paragraph 7 below. 4. The Event shall be named and promoted as the "Champion Spark Plug Unlimited Regatta." Champion and the City will cooperate in publicizing and promoting the Event, and the timing and form of the City's initial public announcement of the Event shall be subject to Champion's approval. Expenses of such publicity and promotion shall in each case be borne by the party incurring the same, without reimbursement from the other party. Champion shall be entitled to refer to and depict the Event in its own corporate and product advertising, as Champion in its judgment deems appropriate. The City may, with and subject to Champion's approval (which Champion may for any reason withhold), sell or otherwise grant television broadcast or motion picture rights to the Event. The parties hereto understand that the American Power Boat Association Unlimited Division Radio Network is granted free and exclusive rights to the Event. 5. The City agrees not to enter into an agreement with any other commercial sponsor for the Event without the prior written consent of Champion having first been obtained. W 2 M �3 -4 U I The City agrees to qualify its Sanction Application to the American Power float Association contingent upon the terms of this agreement. The City further grants to Champion the right of first refusal to sponsor the event in 1981 and 1982. 6. Champion shall advance to the parties named below the following sums of money: a. Two Thousand Five Hundred Dollars ($2,500) payable to the American Power Boat Association Unlimited Fund upon filing of sanction fee for this Event, representing ten percent (10%) partial prize money. b. Twenty Two Thousand Five Ilundred Dollars ($22,500) payable to the American Power Boat Association Unlimited Fund on or before June 8, 1980. C. A sanction fee of Two Thousand Five Hundred Dollars ($2,500) payable to the Unlimited Racing Commission Fund, APBA. (Paid 2-28-80). d. An insurance premium of One Thousand Seven Hundred and Forty -Six Dollars ($1,746) payable to the American Power Boat Association. (Paid 2-27-80 and 3-1.3-80). e. 1. LEGAL START MONL;Y $1,500.00 per boat that makes a legal start in any elimination heat. (Boat must qualify to make a legal start.) $1,000.00 qualification money if bumped from 10 or 12 boat field. 2. QUALIFYING M014EY $1,000.00 per day for first two days only. Each Pay: $350.00 - $250.00 - $175.00 - $125.00 - $100.00 Fastest Overall qualifier: First, $300.00 - Second, $200.00 To qualify each boat must achieve speed set forth in rule book (Rule 4, Section 4E). — 3 — 3. HHAT PRI7E 14011EY $500.00 per boat each preliminary heat (Boat must finish teat to qualify for prize and finish 15 minutes from start of race, Rule 5, Section 2A). f. One Thousand Five Hundred Dollars ($1,500) payable to the Florida Inboard Racing Club representing purse money for limited hydroplane winners. 7. Champion shall be reimbursed by the City, out of the net proceeds of the event, a sum equal to the lesser of (1) the amount of such net proceeds; or (2) Seventeen Thousand Dollars ($17,000). As used herein, "net proceeds" means the total of all income derived by the City from sales of admission tickets to the Event, less the total of any sales, admissions of other excise taxes levied directly on such sales of admission tickets. 8. Champion shall be given one thousand (1,000) gratis Grandstand Stadium Tickets of Champion's choice and up to a maximum of five hundred (500) additional Stadium Tickets at forty per cent (40o) discount of regular list price. This Agreement may be terminated at the option of either Champion or the City of Miami if it 3s determined by either party that event contempleted hereunder is not in the best interests of the nation or community i,rhere race is to be held because of an adverse nat{ona.l economy, energy or fuel situation in general or due to lack of or limited fuel supply within the Miami metropolitan area which may exist prior to or on the date of the event. IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their respective officers and officials on the date first above written. 4 �'Yy� 1 ATTEST: CITY OF MIAMI, FLORIDA, a municipal corporation CITY MANAGER Date: CITY CLERK CHAMPION SPARK PLUG COMPANY ATTEST: By ,J Vice -President, Merchandising & Sales Date: 5-22-80 Promotion SEC ETARY APPROVED AS TO FORM AND CORRECTNESS: CITY ATTORNEY/i - 5 -