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HomeMy WebLinkAboutMemoTO: The Honorable Mayor and Members of the City Commission FROM: "iwr othy F. chmand Executive Director RECOMMENDATION RE.12 DATE: June 13, 2008 SUBJECT: A Resolution of the Miami City Commission authorizing the City Manager and the Bayfront Park Management Trust to enter into a Management Agreement with Live Nation Worldwide, Inc., for the purpose of managing and operating the Bayfront Park Amphitheater, pursuant to Resolution 08-0026 adopted by the City Commission on January 10, 2008. For July 10, 2008 City Commission Agenda It is respectfully recommended that the Miami City Commission authorize the City Manager and the Bayfront Park Management Trust ("Trust") to enter into a management agreement, in substantially the attached form, with Live Nation Worldwide, Inc. ("Live Nation"), for the purpose of managing and operating the Bayfront Park Amphitheater pursuant to Resolution No. 08-0026 adopted by the Commission on January 10, 2008. BACKGROUND The 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 will provide a substantial revenue stream to assist in achieving this objective, as well as increasing the quality and quantity of concerts and special events at the facility — which the Trust recognizes as a positive development for our community. 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. 08-0026 on January 10, 2008, authorizing the Trust to negotiate an agreement with Live Nation. The attached management agreement was approved by the Bayfront Park Management Trust. The Trust respectfully requests the Miami City Commission do so as well, thereby authorizing the City Manager and the Trust to execute the management agreement with Live Nation.