HomeMy WebLinkAboutCover MemoO r odd
To: Honorable Mayor and Members March 28, 2006
of the City Commission
Subject:
Ratification of the Miami
Sports & Exhibition Authority
2005-06 Operating Budget.
From: imothy F. chmand
Executive Director
RECOMMENDATION:
It is respectfully recommended that the City Commission ratify the Miami Sports & Exhibition
Authority Operating Budget for Fiscal -Year 2005-2006.
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. 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. Pursuant to that mandate, MSEA continues to serve the community
through the redirection of its portion of CDT funding for the Orange Bowl Renovation Project, and
as the landlord of the Children's Museum and the Chalk's seaplane operation on Watson Island.