HomeMy WebLinkAboutPre-Legislation 3Nay 05 03 10:52a
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3-03-371
4/10/03
Sarmiento AdvertisinC .3053778756
RESOLUTION NO.
03- 354
A RESOLUTION OF THE MIAMI CITY COMMISSION
AUTHORIZING THE CITY MANAGER TO EXECUTE.
AMENDMENT NO. 3, IN SUBSTANTIALLY' THE
ATTACHED FORM, TO AN AGREEMENT 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.
p.1
BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI,
FLORIDA:
Section 1. The City Manager is authorizedi' to execute
Amendment No. 3,- in substantially the attached form, to an
Agreement with Sarmiento Advertising Group, L.L..C. to (l.) 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.
crrY COg iSS1ON
MEETING OF
APR 1 0 2003
B_a lIt on Sip.
03 354
May 05 03 I0:53a. Sarmiento Advertising
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Section 2.
3053778756 P•2
This Resolution • shall become effective
immediately upon its adoption and signature of the Mayor.=]
PASSED AND ADOPTED this _10tb
ATTEST:
5a/Lei. i
: PR CILLA A. THOMPSON
CI Y CLERK
APPROVED
DRO VI "• RELLO
ATTORNEY
W7171:JHV:BSS
CORRECTNESS
day of April , 2003.
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 adapted. If the Mayor vetoes this Resolution, it shall
become effective immediately upon override of the veto by the
City Commission.
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