HomeMy WebLinkAboutSummary FormDate: 2/29/2008
AGENDA ITEM SUMMARY FORM
FILE ID: Qg'•-(Oa$6
CA.5
Requesting Department: Bayfront Park Mngmt. Trust
Commission Meeting Date: 3/27/2008 District Impacted:
Type: // Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: 120 day extension period to negotiate a final agreement between the Bayfront Park
Management Trust and Live NationWorldwide Inc.
Purpose of Item:
Requesting the City Commission to authorize an additional 120 day period to negotiate a final
agreement between the Bayfront Park Management Trust (Trust) and Live Nation Worldwide, Inc.,
(Live Nation) for the management and operation of the Bayfront Park Amphitheater pursuant to
Resolution No. 07-13397.
Background Information:
The City of Miami Purchasing Department issued RFLI 44014 for the management and operation of
the Bayfront Park Amphitheater on August 21, 2007. Proper City of Miami procurement procedures
ensued and culminated with the City Commission adopting Resolution No. 07-013397 on January 10,
2008, authorizing the Trust to negotiate an agreement with Live Nation within 90 days or April 10,
2008. At this time, negotions are progressing well but a final agreement will not be reached in this 90
day window. The Trust and the City Attorney's office respectfully request an additional 120 days to
negotiate a final agreement or by August 10, 2008.
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:
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:
Final Approvals
(SIGN AND DATE)
CIP Budget
If using or receiving capital funds
Grants Risk Management
Purchasing Dept. Director
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