HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM
FILE ID: 07--oo S 7:d
Date: 6/7/07 Requesting Department: Public Facilities
Commission Meeting Date: 7/10/07 District Impacted: 2
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: Resolution authorizing the City Manager to extend the current agreement with Global
Spectrum Limited Partnership for the management and operation of the Miami Convention Center
/James L. Knight International Center.
Purpose of Item:
A resolution of the Miami City Commission, with attachment(s), by a four -fifths (4/5ths) affirmative
vote, after an advertised public hearing, ratifying the City Manager's finding, pursuant to section 18-
85 of the Code of the City of Miami, Florida, as amended, waiving the requirements for competitive
bidding procedures for the procurement of services; authorizing the City Manager to execute an
amendment, in substantially attached form, to the agreement with Global Spectrum Limited
Partnership for the management and operation of the James L. Knight International Center, extending'
the term for an initial period of six months with three (3) one year renewal options, effective October
1, 2007.
Background Information:
See attached.
Budget Impact Analysis
YES Is this item related to revenue?
YES Is this item an expenditure? If so, please identify funding source below.
General Account No:
Special Revenue Account No: 10100.221070.534000
CIP Project No:
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
0.00
0.00
0.00
Final Approvals
(SIGN AND DATE)
CIP _N/A Budget
!f using or receiving capital funds
Grants N/A * Risk Management
CSri= !� � � ,.
Purchasin rrl f" `~` Dept. Director
Chief 'i.� City Manager
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N/A
N/A
Pti;ibject: Resolution authorizing the City Manager to extend the current agreement with Global
Spectrum Limited Partnership for the management and operation of the Miami Convention Center
/James L. Knight International Center.
Background Information:
Resolution #97-662, approved by the City Commission on September 23, 1997, authorized the City
Manager to enter into a management agreement with Global to provide professional services for the
management and operation of the Miami Convention Center/James L. Knight Center. The City
Commission approved an extension of this agreement pursuant to Resolution 02-1053 and it is
scheduled to expire on September 30, 2007.
On May 10, 2007, the City Commission authorized the City Manager to: (i) prepare an invitation for
bid for the sale of the city -owned property located on the north side of I-95 ("North Side assets"); and
(ii) explore the scenarios that contemplate the redevelopment of the assets located on the south side of
the I-95 ramp ("South Side assets") and/or amending or entering into a new lease with the Hyatt.
With the exploration of these scenarios underway and the uncertainty of the long term use of this site,
the administration believes it is in the best interest of the City to extend the agreement with Global for
an initial six (6) month period. If at that time, plans for the site are developing such that the facility in
its current form would not be operational for an extended period of time, the City Manager would
have the authority to exercise the renewal options. If plans are not progressing as such and the City
anticipates the site remaining status quo for an extended period of time, the administration will
proceed in rebidding these management services.
Per the existing agreement, Global Spectrum Limited Partnership is responsible for managing and
operating the Miami Convention Center, including marketing, ticketing, event booking, accounting,
maintenance, and capital improvements. The agreement includes language which establishes a base
management fee of $97,200 plus expenses, a 120 day optional City termination clause, and City
discretion to audit accordingly.
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