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HomeMy WebLinkAboutSummary Form SR 1-14-10.�.I... Second Reading Ordinance SR.8 ASiENDA ITEM SUMMARY FORM FILE ID- (n '-O Date: 1/06/2010 Requesting Department: Public Facilities Commission Meeting Date: 1/14/2010 District Impacted: 2 Law Department Type: ❑ Resolution ® Ordinance ❑ Emergency Oidinance ❑ Discussion Item Matter ID No. 09-3534 ❑ Other Subject: Ordinance Amending; City Code Chapter 53, Article N, Section 53-181 Purpose of Item: An Ordinance of the Miami City Commission amending Chapter 53/Article IV/Section 53-181 of the Code of the City of Miami, Florida, as amended ("City Code"), entitled "Stadium and Convention Centers/Convention Center of the City of Miami/University of Miami, James L. Knight/Schedule of fees", by establishing rental fees for space rental within the Miami Convention Center; containing a repealer provision, a severability clause, and providing for an effective date. Background Information: The City of Miami and the University of Miami entered into an agreement to terminate the existing Conference Center Lease at the Miami Convention Center effective December 31, 2009. Currently, Global Spectrum Limited Partnership is under an agreement with the City of Miami to manage and operate the James L. Knight International Center and is in process of amending said agreement to include the 35,000 square feet of approximate rental space stipulated in the Conference Center Lease. 'Therefore, it is recommended that the City Code be amended to establish rental fees for rental space within the Miami Convention Center, Budget Impact Analysis YES Is this item related to revenue? $618,383 NO Is this item an expenditure? If so, please identify funding source below. General Account No: Special Revenue Account No: 10100.221070.462000 CIP Project No: NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds? Start Up Capital Cost: Maintenance Cost: Total Fiscal Impact: Final Approvals (SIGN AND DATE) tl(Dfp BudgekXOS�W�----1- Risk M Dept. D City M: ge i of 1