HomeMy WebLinkAboutMEMOto -oa y3y
To: Honorable Mayor and Members
of the City Commission
RECOMMENDATION:
July 21, 2010
Subject: Approval of the
Miami Sports & Exhibition
Authority 2010-2011
Operating Budget
For City Commission meeting
of September 14, 2010.
It is respectfully recommended that the City Commission approve the Miami Sports &
Exhibition Authority Operating Budget for Fiscal -Year 2010-2011.
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 July 21,
2010, meeting.
Attachments:
resolution
budget
301 North Biscayne Blvd., Miami FL 33132 (305) 358-7550 Fax (305) 358-1211