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HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM FILE ID: Date: 12/7/2006 Commission Meeting Date: 1/10/2008 Type: ® Resolution ❑ Ordinance II Other Requesting Department: Bayfront Park Mngmt. Trust District Impacted: Emergency Ordinance Discussion Item Subject: Upgraded Electronic Marquee Sign at Bayfront Park Purpose of Item: The nature of this contract is to establish an agreement for the purchase, complete installation, operation and maintenance of an upgraded outdoor electronic marquee sign at Bayfront Park for a term of five years with two options to extend of two years each. The agreement ensures that Bayfront Park will not incur any costs of purchasing, operating or maintaining the marquee and will share in sponsorship revenue. Background Information: The Bayfront Park Management Trust identified a need to replace the current marquee. To that end, the City of Miami Purchasing Dept. (City) solicited proposals through RFLI No. 04-05-098. Two responses were received by August 24, 2005. On October 14, 2005, the Bayfront Park Management Trust Evaluation Committee (Committee) met to review the proposals. The Committee reviewed the proposals and selected AD Systems, Inc., as the most qualified.The City Manager and the Trust approved the recommendation by the Committee to award ; RFLI toAD Systems.The Trust subsequently approved the negotiated agreement at the June 26, 2006, board meeting. Budget Impact Analysis YES Is this item related to revenue? NO Is this item an expenditure? If so, please identify funding source below. General Account No: as required by dept. Special Revenue Account No: CIP Project No: NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds? Start Up Capital Cost: Maintenance Cost: Total Fiscal Impact: CIP Final Approvals (SIGN AND DATE) Budget If using or receiving capital funds Grants Purchasing Chief Risk Management Dept. Director Page 1 of 1