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HomeMy WebLinkAboutExhibit4,0\z 74#4Z r FPFN Bayfront Park MANAGEMENT TRUST OPERATING & CAPITAL IMPROVEMENT BUDGETS FISCAL YEAR 2007/2008 BAYFRONT PARK MANAGEMENT TRUST OPERATING BUDGET FOR FISCAL YEAR 2007/2008 Table of Contents I. Trust Members II. Letter of Introduction III. Budget Summary , IV. Bayfront Park Operating Budget V. Bayfront Park Capital Improvement Budget VI. Revenues vs. Expenses & Organizational Chart CHAIRPERSON Commissioner Joe Sanchez TRUST MEMBERS Steven Alexander Michael Barket Elena V. Carpenter Ralph Duharte Nathan Kurland Frank Herrera Marie Louissaint Bob Powers EXECUTIVE DIRECTOR Timothy F. Schmand I MILDRED AND CLAUDE PEPPER BAYFRONT PARK MANAGEMENT TRUST 301 N. BISCAYNE BOULEVARD, MIAMI, FL 33132 TELEPHONE: (305)358-7550 FAX: (305) 358-1211 July 24, 2007 Honorable Mayor Diaz and Members of the City Commission: The Bayfront Park Management Trust (Trust) is pleased to submit its Fiscal -Year 2007-2008 Operating and Capital Budgets for City Commission approval. The Trust approved these budgets at a regularly scheduled meeting held on July 23, 2007, and we respectfully request that you do the same. The Miami City Commission created the Trust,in 1987 to "direct, manage and maintain all aspects of Bayfront Park for the purposes of ensuring maximum community utilization and enjoyment." City Commission Resolution No. 84-204 added Bicentennial Park to the Trust's management portfolio in March of 1994 and the deep water slip adjacent to Bicentennial at the December 14, 2006, commission meeting. In addition to "ensuring maximum community utilization," the Trust's founding legislation included a further directive: "The Trust shall, to the greatest extent it determines to be feasible, implement the exercise of its powers in a manner which utilizes and encourages the fullest and most active participation and cooperation of private enterprise." The Trust remains mindful of the balance it must strike between managing public parks and encouraging private enterprise. As a result of the Chairman Commissioner Joe Sanchez's leadership, and the Trust's success in increasing revenue to the park, in FY 2006-2007, the Trust awarded a $500,000 to the City Parks Department to create additional or improved park programs throughout the city. The grant allotted $100,000 to each of the five districts ldcated in the City of Miami for programs as determined by each individual commissioner. ,This grant follows a similar grant made in January of 2004 bringing the total amount of grants from the Trust to City Parks to $1,000,000 in a three year span. Our efforts at beautifying Bayfront Park continue, with regular flower plantings and improved site furnishings. The pastel -colored Adirondack chairs installed along Bayfront Park's "beach" have achieved iconic status. The fifty -foot Holiday Tree that brightened Bayfront Park from Thanksgiving through New Year's attracted both residents and tourists, and in FY 2006/2007 the Trust installed a Menorah as well, to continue our efforts to include all members of our community. Our free, thrice weekly yoga classes continue their popularity averaging over 50 participants per class. Movies by the Bay and the Park's Trapeze operation were both recognized as Best of... by the Miami New Times. Pollstar magazine, the entertainment industry bible, in their mid -year 2007 edition, identified the Bayfront Park Amphitheater number 70 of the 100 most popular amphitheaters worldwide, and recognized Bicentennial Park as 29`h worldwide for event -related ticket sales, and ranked eighth in the United States. In an outreach effort to the downtown office worker, the Trust together with the Health Foundation of South Florida and the University of Florida/Miami Dade County Cooperative Extension, created a seven week farmers' markek and lunch time experience. The goal was to increase the exposure of downtown workers and' residents to healthy, locally grown fruits and vegetables and the people who grow them. The market ran for seven consecutive Thursdays and in that short time became an event which the downtown community embraced. Additionally in the past year the Trust: • Renegotiated an agreement with a gaming vessel operator, • Began the installation of the tethered balloon, the operation of which should begin in September of this year, • Repainted two of Isamu Noguchi's most'important sculptures in Bayfront Park, the Challenger Monument and the Light To'er, as well as assisted Miami Dade County Art in Public Places with its restoration of the Slide Mantra, • Servdd as host sites for the two Super Bowl XLI events, one of which was free to the public, • Continued the management functions of the Miami Sports and Exhibition Authority, • Worked through FEMA reimbursement jrocess, resulting from storms Katrina and Wilma, • Continued organizing downtown waterfront interests through the Entities of Common Interest, • Lent staff expertise to City departments and partner organizations through participation in committees, workshops and focus group to help improve our community, • Negotiated a contract for a new marquee sign for Bayfront Park. • ' Bayfront Park's New Year's Eve Celebration was recognized by MSN.com as number seven of the top ten places worldwide to'ring in the new year, • Continued care and maintenance of the statues and plaques throughout the park and at the Torch of Friendship, • AVP Pro Beach Volley Ball held their competition in Bicentennial Park, which was later televised on ESPN, • Soccer, rugby and paintball continued on a weekly basis in Bicentennial Park, • Hosted the Pirates Mutiny in Bicentennial Park. Their appearance, under the "big top" at Bicentennial Park, marked their American debut and • Installed a children's play area adjacent :to the Tina Hills Pavilion, in Bayfront Park's south end. The Trust continued to plan, promote and coordinate two of our community's largest celebrations, the America's Birthday Bash on July 4th and the Bayfront Park New Year's Eve Celebration. The Trust is committed to providing these free, community inclusive celebrations for Miami's residents and visitors. In July we reaffirmed the self evident truths: that we are all created equal and in possession of the inalienable rights of life, liberty and the pursuit of happiness. On New Year's Eve we celebrate the passing of a year while looking with optimism to the future. It is that optimism about the future of downtown and all of Miami that infuses the Trust and is represented in this budget. The Trust recognized the need to support activities outside Bayfront and Bicentennial Park boundaries. Throughout the year Bayfront staff lent their expertise to events held around the city, from Calle Ocho to Little Haiti to City Hall. The Bayfront Park portable stage, our festival on B AY F R O N T PARK MANAGEMENT TRUST 301 North Biscayne Boulevard Miami, FL 33132 (305) 358-7550 wheels, was used in every commission district at parks and community celebrations, for events ranging from Viernes Culturales to the City's Summer Parks Program. Between June 2006 and 2007,1t to Bayfront Park portable stage was used 40 times. The Trust has entered into an agreement with Curtis + Rogers Design Studio for a Capital Improvement Plan for Bayfront Park. The plans are based on the Trust's long range plan Managing Bayfront Park 10 Greatness and will include softening the edges of the park with plantings, improved park fixtures, including seating opportunities, trash containers and kiosks. The re -lighting project and rock garden renovation remain goals for the organization. The relighting should begin shortly. Interest in the Bayfront Park Amphitheater by international music promoters has delayed the garden's renovation. The Trust is in the middle of a procurement process, the end result of which will provide clearer direction to staff and board with regards to the garden's renovation. The Bayfront Park Management Trust board of directors and staff, intend to build on the past accomplishments. Thank you for allowing us the opportunity and the privilege to continue our efforts next fiscal year, which will begin with your approval of the attached budget. Executive Director Enc. Cc: file BAYFRONT PARK MANAGEMENT TRUST 301 North Biscayne Boulevard Miami, FL 33132 (305) 358-7550