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HomeMy WebLinkAboutCover MemoTO: The Honorable Mayor and DATE: October 26, 2007 Members of the City Commission SUBJECT: A Resolution of the Miami City Commission authorizing the Bayfront Park Management Trust to enter into negotiations with Live Nation Worldwide, Inc., LLC, for the purpose of managing and operating the Bayfront Park Amphitheater, pursuant to RFLI 44014 and the recommendation made by the Bayfront Park Procurement Committee and the Bayfront Park Management Trust. FROM: Timothy F. Schmand Executive Director RECOMMENDATION It is respectfully recommended that the Miami City Commission adopt the attached Resolution authorizing the Bayfront Park Management Trust to enter into negotiations with Live Nation Worldwide, Inc., for the purpose of managing and operating the Bayfront Park Amphitheater, pursuant to the recommendation made by the Bayfront Park Procurement Committee, a recommendation which was subsequently approved by the City Manager and the Trust. BACKGROUND The Bayfront Park Management Trust (Trust) manages Bayfront and Bicentennial Parks with the goal of ensuring maximum community participation. One of the Trust's objectives, identified through its long range planning process, is to create a 12-16 hour a day facility serving the community with various forms of entertainment and activities. The acquisition of a company to manage and operate the Bayfront Park Amphitheater provides a substantial revenue stream for achieving this objective. At the Trust's request, the City of Miami Procurement Department issued a Request for Letters of Interest (RFLI) to solicit proposals for that purpose. RFLI No. 44014 for the Management and Operation of the Bayfront Park Amphitheater was issued on August 21, 2007, and two (2) responses were received. The Evaluation Committee ("Committee"), appointed by the Chairperson of the Trust and approved by the City Manager, included: (1) Steven Alexander, Chair; (2) Michael Barket (3) Ralph Duharte (4) Nathan Kurland (5) Marie Louissaint. The Committee met on October 12, 2007, at which time oral presentations were provided by the two (2) proposers. Following the oral presentations, the Committee completed its evaluation of the two (2) Proposers, and recommended the firms in the following order, stipulating that should negotiations fail with the first ranked firm, the Trust should then negotiate with the second ranked firm: 1. Live Nation Worldwide, Inc. 2. AEG Live Attached hereto please find the evaluation committee memo to the City Manager and supporting documents regarding the RFLI. Thank you. TFS/jrg