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HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM FILE ID: 01 - OD 1 I b Date: 5/10/07 Requesting Department: Public Facilities. Commission Meeting Date: _6/14/07 District Impacted: 3 Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance [1 Discussion Item ❑ Other Subject: Agreement with Florida International University Purpose of Item: A Resolution of the City of Miami Commission, authorizing the City Manager to execute an agreement, in substantially the attached form, with Florida International University, a Florida public body corporate, for the hosting of the 2007 Florida International University Football Season to be held September 8, October 6, November 17, 24 and December 1, 2007 at the Orange Bowl Stadium, with a maximum basic use fee of $5,000 per event day; providing for the organizers to pay all necessary costs of City services and applicable fees associated with said event; with terms and conditions as more particularly set forth in the agreement. . Background Information: See attached. Budget Impact Analysis aAsi�fig &)flEL6Srons%50ecli- YES Is this item related to revenue? ci ,e4 �4f/e i, ,gtu 63c K-'3' ( ;e 441 KVe`mEp`als. +�34(t► Ng - NO Is this item an expenditure? If so, please identify funding source below. r�, General Account No: ..,. In Special Revenue Account No: -- CIP Project No: NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds? __1-11 Start Up Capital Cost: Maintenance Cost: Total Fiscal Impact: CIP N/A Final Approva If using or receiving capital funds Grants N/A N1 Budget �"1►..r+�l. ��'w,1- 5� IOl Risk Management • 511407 Purchasi N/A Dept. Director_ Chief City Manager Page 1 of 2 Suljtct: Agreement with Florida International University Background Information: Florida International University is staging the 2007 home football games at the Miami Orange Bowl. This is the first time that Florida International University will be utilizing the Orange Bowl Stadium for their home games while their existing facilities are being renovated, and sharing the Orange Bowl Stadium playing field with the University of Miami, They shall continue to pay all other necessary costs of City services and applicable fees associated with the event. The City expects the net revenues to the City to be in excess of $120,000 which includes revenues from the Use Fee, ticket surcharge, concessions and parking. Paae 2 of 2