HomeMy WebLinkAboutMemoTO: The Honorable Mayor and DATE:
April 30, 2009
Members of the City Commission
SUBJECT: A Resolution of
the Miami City Commission,
with attachments, authorizing
an Inter -local Agreement
between the Bayfront Park
Management Trust and the
Miami Sports and Exhibition
Authority, for the purpose of
the Trust providing operation
and management services to
MSEA.
FROM:Timot y . chmand FOR:
May 28, 2009
Executive Director
City Commission Agenda
RECOMMENDATION
It is respectfully recommended that the Miami City Commission authorize the Inter -local Agreement
between the Bayfront Park Management Trust (Trust) and the Miami Sports and Exhibition
Authority (MSEA) for the purpose of the Trust to continue providing operation and management
services to the MSEA.
BACKGROUND
As a result of the consolidation of the Miami Sports and Exhibition Authority (MSEA) operation
into the Bayfront Park Management Trust (Trust) offices and the Trust's provision of
management services to MSEA, an Inter -local Agreement was developed to formalize this
engagement. The agreement delineates the scope of services, hereto attached, and compensation
to the Trust as follows: MSEA shall pay the Trust $141,000 for services provided in FY 2008-
09, and commencing on October 1, 2009, MSEA shall pay the Trust a monthly facility fee of
$300 and a monthly management fee of $4,167, for a total annual fee of $53,600. At the MSEA
board meeting held on April 23, 2009, the MSEA board approved the terms of the Inter -local
Agreement. The Trust approved the Inter -local Agreement at its board meeting on April 28,
2009. The Bayfront Park Management Trust and the Miami Sports and Exhibition Authority
respectfully request the approval of this Inter -local Agreement.