HomeMy WebLinkAboutExhibit 154/03/03
RESOLUTION NO.
A RESOLUTION OF THE MIAMI CITY COMMISSION
AUTHORIZING THE CITY MANAGER TO EXECUTE
AMENDMENT NO. 3 TO AN AGREEMENT, IN A FORM
ACCEPTABLE TO THE CITY ATTORNEY, WITH
SARMIENTO ADVERTISING GROUP, L.L.C. TO
(1) LOWER THE NUMBER OF ADVERTISING BENCHES
FOR WHICH THE CITY OF MIAMI WILL RECEIVE
PAYMENT FROM 900 TO 450, (2) REDUCE THE
MINIMUM GUARANTEED PAYMENT PER BENCH, (3)
ELIMINATE THE. REQUIREMENT THAT SARMIENTO PAY
A PERCENTAGE OF GROSS REVENUES TO THE CITY,
AND (4) ALTER THE RATE AT WHICH BUS BENCHES
MUST BE INSTALLED.
BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI,
FLORIDA:
Section 1. The City Manager is authorize& to execute
Amendment No. 3 to an Agreement, in a form acceptable to the City
Attorney, with Sarmiento Advertising Group, L.L.C. to (1) lower
the number of advertising benches for which the City of Miami
will receive payment from 900 to 450, (2) reduce the minimum
guaranteed payment per bench, (3) eliminate the requirement that
Sarmiento pay a percentage of gross revenues to the City, and (4)
alter the rate at which bus benches must be installed.
The herein authorization is further subject to compliance with
all requirements that may be imposed by the City Attorney,
including but not limited to those prescribed by applicable City
Charter and Code provisions.
Section 2. This Resolution shall become effective
immediately upon its adoption and signature of the Mayor.?/'
PASSED AND ADOPTED this day of , 2003.
MANUEL A. DIAZ, MAYOR
ATTEST:
PRISCILLA A. THOMPSON
CITY CLERK
APPROVED AS TO FORM AND CORRECTNESS:
ALEJANDRO VILARELLO
CITY ATTORNEY
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.
Page 2 of 2