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HomeMy WebLinkAboutR-06-0013City of Miami Legislation Resolution: R-06-0013 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 05-01527 Final Action Date: 1/12/2006 A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING A DONATION OF FUNDS, IN THE AMOUNT OF $40,000, TO CO-SPONSOR THE "ING MIAMI MARATHON AND HALF MARATHON," A WORLD -CLASS RUNNING EVENT THAT HAS A SIGNIFICANT ECONOMIC IMPACT ON THE CITY OF MIAMI ("CITY") AND ITS BUSINESSES AND HIGHLIGHTS THE IMAGE OF THE CITY IN A POSITIVE MANNER; ALLOCATING FUNDS FROM ACCOUNT NO. 001000.921054.6.289. WHEREAS, in 2003, PR Racing introduced the "ING Miami Marathon and Half Marathon" ("ING Marathon") to the City of Miami ("City") to provide the local running community a race of their own and to show the world that the City is a "Runner's City;" and WHEREAS, since the 2003 inaugural ING Marathon, local hotels, restaurants, retail stores, attractions, service industries and other businesses have gained new annual revenue sources due to said event; and WHEREAS, in the past three years (2003-2005), the event has consisted of stable growth and an increased number of participants outside of Miami -Dade County; and WHEREAS, these factors have led to a growing economic impact with a total economic impact of $36,187,994; and WHEREAS, "The Run for Something Better Program," a component of said event, will directly enhance and promote physical education for 88,000 students in the Miami -Dade County Public School Program; and WHEREAS, the City's co-sponsorship and support of the ING Marathon would further solidify the Education Compact that the City developed with the Miami -Dade County Public School System in September, 2005; and WHEREAS, the ING Marathon receives funding from both private and public entities including municipal support in the amount of $92,000 and corporate support in the amount of $605,300; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The donation of funds, in the amount of $40,000, to co-sponsor the "ING Marathon," a world -class running event that has a significant economic impact on the City and its businesses and highlights the image of the City in a positive manner, is authorized, with funds allocated from Account Number 001000.921054.6.289. Section 2. The Resolution shall become effective immediately upon its adoption and signature of the Mayor.{1} City of Miami Page 1 of 2 File Id: 05-01527 (Version: 2) Printed On: 12/15/2016 File Number: 05-01527 Enactment Number: R-06-0013 Footnotes: {1} If the Mayor does not sign this Resolution, it shall become effective at the end of ten calendar days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective immediately upon override of the veto by the City Commission. City of Miami Page 2 of 2 File Id: 05-01527 (Version: 2) Printed On: 12/15/2016