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HomeMy WebLinkAboutCover Memo150 sports & exhibition authority To: Honorable Mayor and Members August -8, 2006 of the City Commission From: Timothy F.-Scbrnand Executive Director RECOMMENDATION: Subject: Approval of the Miami Sports & Exhibition Authority (MSEA) 2006- 2007 Operating Budget For: City Commmission Meeting 'of September 14, 2006 It is respectfully recommended that the City Commission approve the Miami Sports&. Exhibition Authority's Operating Budget for Fiscal -Year 2006-2007. BACKGROUND: The Miami Sports -& Exhibition Authority was created in 1983 as an independent and autonomous agency and instrumentally of the City of Miami to promote sports, -conventions and exhibitions with 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. The attached budget will enable MSEA to continue in its current mode, while the board contemplates future opportunities. The MSEA board approved this budget unanimously at a regularly scheduled board meeting held on May 30, 2006. Attachments: resolution budget