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HomeMy WebLinkAboutCover Memo_�4 sports & exhibition authority To: Honorable Mayor and Members of the City Commission From. AimothyyQchma Executive Director RECOMMENDATION: August 6, 2009 Subject: Approval of the Miami Sports & Exhibition Authority 2009-2010 Operating Budget For City Commission meeting of September 10, 2009 It is respectfully recommended that the City Commission approve the Miami Sports & Exhibition Authority Operating Budget for Fiscal -Year 2009-2010. BACKGROUND: The Miami Sports and Exhibition Authority (MSEA) was established in 1983, pursuant to Florida Statute 212.057, as an independent and autonomous agency and instrumentality of the City of Miami. Currently MSEA is being managed by the Bayfront Park Management Trust. MSEA was created to promote sports, conventions and exhibitions and to strive to generate community support to achieve this purpose. It was further given the authority to exercise any power usually possessed by private corporations performing similar functions that are not in conflict with the Florida constitution or law. Your approval of the attached budget will enable MSEA to fulfill its mandate. The budget was unanimously approved by the MSEA board at its April 23, 2009, meeting. Attachments: resolution budget 301 North Biscayne Blvd., Miami FL 33132 (305) 358-7550 Fax (305) 358-1211