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HomeMy WebLinkAboutExhibit 1Bavtroin Park MANAGEMENT TRUST OPERATING & CAPITAL IMPROVEMENT BUDGETS FISCAL YEAR 2005/2006 BAYFRONT PARK MANAGEMENT TRUST 301 North Biscayne Boulevard Miami, FL 33132 (305) 358-7550 Re G ,t # 05"'D//dQ BAYFRONT PARK MANAGEMENT TRUST OPERATING BUDGET FOR FISCAL YEAR 2005/2006 Table of Contents I. Trust Members II. Letter of Introduction III. Budget Summary IV. Bayfront Park Operating Budget V. Bayfront Park Capital Improvement Budget VI. Revenues vs. Expenses & Organizational Chart CHAIRPERSON Commissioner Joe Sanchez TRUST MEMBERS Steven Alexander Michael Barket Elena V. Carpenter Ralph Duharte Ruth Greenfield Frank Herrera Dr. Laurinus Pierre Lawrence "Monk" Terry EXECUTIVE DIRECTOR Timothy F. Schmand 1 July 26, 2005 Honorable Mayor Diaz and Members of the City Commission The Bayfront Park Management Trust (Trust) is pleased to submit its Fiscal -Year 2005-2006 Operating and Capital Budgets for City Commission approval. The Trust unanimously approved these budgets at a regularly scheduled Trust meeting held on July 25, 2005. The Miami City Commission created the Trust in I987 to "direct, manage and maintain all aspects of Bayfront Park for the purposes of ensuring maximum community utilization and enjoyment." (City Commission Resolution No. 94-204 added Bicentennial Park to the Trust's management portfolio in March of 1994.) In addition to "ensuring maximum community utilization," the founding legislation included a further directive: "The Trust shall, to the greatest extent it determines to be feasible, implement the exercise of its powers in a manner which utilizes and encourages the fullest and most active participation and cooperation of private enterprise." The Trust remains mindful of the balance it must strike between managing public parks and encouraging private enterprise. The FY 2005/2006 budgets will enable the Trust to: • increase services while focusing on improved efficiencies, • prepare for the new neighborhood emerging around its facilities and • begin to realize the goals outlined in its Long Range Plan. This budget achieves these goals by increasing in-house production/promotion capacity, increased focus on facility beautification, and identification and installation of amenities identified through the Bayfront Park Design Services Contract. Meeting these three objectives will move us closer to the goals referenced above. Commissioner Joe Sanchez's leadership has enabled the Trust to create south Florida's premier outdoor special event and concert facilities and to serve as an agent of positive change in downtown Miami. The goal of the Trust's business model is to create a compelling reason for people to attend events in downtown Miami, and in that area we have met with much success. In calendar year 2004, the Trust's facilities hosted 70 events with total attendance approaching 470,000. The events hosted by the Trust are as varied as our community, ranging from Discovery of America Day to the First Anniversary Celebration of the Department of Homeland Security. Pollstar magazine, the entertainment industry bible, in their mid -year 2005 edition, identified the Bayfront Park Amphitheater as the tenth most popular amphitheater worldwide, up from twenty-one the previous year. The Trust continued to plan, promote and coordinate two of our community's largest celebrations, the America's Birthday Bash on July 4th and the Bayfront Park New Year's Eve Celebration, The Trust is committed to providing these free, community inclusive celebrations for Miami's residents and visitors. In July we reaffirmed the self evident truths: that we are all created equal and in possession of the inalienable rights of life, liberty and the pursuit of happiness. On New Year's Eve we celebrated the passing of a year while looking with optimism to the future. It is that optimism about the future of downtown and all of Miami that infuses the Trust and is represented in this budget. Downtown Miami is in the midst of the largest residential building boom since the 1910s. To meet the needs of the growing residential population, the Bayfront Park Management Trust embarked on a long range planning process with the goal of creating a 12 — 16 hour a day facility that would B AY F R O N T PARK MANAGEMENT TRUST 301 North Biscayne Boulevard Miami, FL 33132 (305) 358-7550 contribute to the long term economic and cultural growth of downtown Miami and its surrounding communities. The capital budget reflects the Trust's plans to reinvigorate the park through a relighting program for the entire facility and the renovation of the Bayfront Park Rock Garden. The Rock Garden dates from 1926 and it was the first element placed in the park in an effort to draw tourists to the site. The renovation contemplates the relocation of a parking lot that infringes on the garden, the creation of desire line pathways, a restaurant and improved plantings to create a destination for residents and tourists of which the entire community can be proud. In preparation for Bayfront Park's new neighbors, the Trust began a number of initiatives in FY 2004/2005 that will carry on through FY 2005/2006 and beyond. They include: • a fifty foot Holiday Tree to brighten Bayfront Park from Thanksgiving through New Year's, • free weekly yoga classes, • the site of Miami's first public access trapeze experience, • host site of the weekly young professionals kickball league, sponsored by World Adult Kickball Association (WAKA), and • procurement of a design firm to assist with further improvements to the facility. In Bicentennial Park, the Trust continued its efforts to return the long neglected site to the event promoter and the casual user. In FY 2004/2005, while the seawall reconstruction proceeded, the Trust with the assistance of Commissioner Johnny Winton's office, installed a soccer field in the park. The field is used weekly for league play on Sundays and pick-up games on Saturday. The Trust is also pleased to announce Cirque du Soleil's intention of returning to the site in December 2005, for another run of spectacular shows. The Trust recognized the need to support activities outside Bayfront and Bicentennial Park boundaries. Trust resources were brought to bear on a renovation of the Torch of Friendship. The Ponce de Leon and Simon Bolivar statues, as well as all the plaques at the monument received renovation and treatment from renowned art conservator, Shelley Reisman Paine Conservation. Throughout the year Bayfront staff lent their expertise to events held around the city, from Calle Ocho to Little Haiti to City Hall. The Bayfront Park portable stage, our festival on wheels, was used in. every commission district at parks and community celebrations, for events ranging from Viernes Culturales to the Black History Month Celebration at the Miami Riverside Center. Between June 2004 and May 2005, the Bayfront Park portable stage was used 44 times. In June of 2004, the Trust took the lead to assist a citizens group in the renovation of the vandalized hands at the Liberty Column Monument. The monument was rededicated on December 7, 2004. William H. Whyte in his groundbreaking book, The Social Life of Small Urban Spaces, identified a number of elements that are necessary for a successful urban park experience. They include: sunshine, breezes, trees and active water views. Bayfront Park possesses all of those elements. It is the Trust's responsibility to enhance and improve the public's experience of those elements. The board members and staff look forward to that challenge, and we thank you in advance for that opportunity. Executive Director BAYFRONT PARK MANAGEMENT TRUST 301 North Biscayne Boulevard Miami, FL 33132 (305) 358-7550