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City of Miami
Text File Report
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File ID: 06-01717
Type: Resolution Status, Mayor's Office for
Signature
Enactment #: R-06-0665 Enactment Date: 11/9/06
Version: 2
Introduced: 9/22/06 Controlling Body: Office of the City
Clerk
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), TO CONSIDER
A REQUEST FROM SARMIENTO ADVERTISING GROUP, LLC, ("SARMIENTO"), DATED
AUGUST 31, 2006, TO THE CITY MANAGER REQUESTING PRIOR APPROVAL AND CONSENT
OF THE CITY COMMISSION TO APPROVE THE SALE AND TRANSFER OF ONE HUNDRED
PERCENT (100%) OF SARMIENTO'S STOCK TO FUEL MIAMI, LLC, A DELAWARE LIMITED
LIABILITY CORPORATION ("FUEL"), PURSUANT TO SECTION 9.3 AND SECTION 10.8 OF THE
AGREEMENT DATED APRIL 18, 2002 BETWEEN THE CITY OF MIAMI AND SARMIENTO FOR
BUS BENCH DESIGN, INSTALLATION AND MAINTENANCE; SETTING FORTH THE
CONDITIONS FOR SUCH APPROVAL AND AUTHORIZING THE CITY MANAGER TO
NEGOTIATE AN ASSIGNMENT AND ASSUMPTION AGREEMENT WITH SARMIENTO, FUEL,
AND FUEL'S PARENT COMPANY, FUEL OUTDOOR HOLDINGS, LLC, A DELAWARE LIMITED
LIABILITY COMPANY ("FUEL OUTDOOR"), WHICH INCLUDES BUT IS NOT LIMITED TO
SUCH CONDITIONS AS SET FORTH BELOW AND AS ARE SATISFACTORY TO THE CITY
COMMISSION.
WHEREAS, on April 18, 2002, Sarmiento Advertising Group, LLC ("Sarmiento"), executed an agreement with the City of
Miami ("City") for the provision for five (5) years of bus benches for use by the general public within the City ("Agreement")
including bus bench design, installation and maintenance; and
WHEREAS, subsequent amendments to the Agreement were executed by the City and Sarmiento on September 18, 2002,
February 27, 2003, August 18, 2003, and July 20, 2004 (collectively "Amendments"); and
WHEREAS, in addition to the Agreement and Amendments regarding bus benches, the City and Sarmiento executed a
Professional Services Agreement on July 28, 2004, for the maintenance of City bus shelters ("the "Professional Services
Agreement"); and
WHEREAS, pursuant to Section 3.2 of the Agreement, Sarmiento has the right to extend the Agreement for an additional
five (5) years upon giving notice to the City and Sarmiento has previously given such notice to the City; and
WHEREAS, pursuant to Sections 9.3 and 10.8 of the Agreement, Sarmiento must request prior approval and consent of
the City Commission to approve the sale and transfer of one hundred percent (100%) of Sarmiento's stock to Fuel Miami,
LLC ("Fuel"); and
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FUEL; and 6) such other terms and conditions as are satisfactory to the City Commission.
Section 3. The City Manager is authorized{ 1} to negotiate an Assignment and Assumption Agreement with
Sarmienlo and Fuel including but not limited to the foregoing conditions.
Section 4. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.{2}
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