HomeMy WebLinkAboutSummary FormDate: 5/12/08
AGENDA ITEM SUMMARY FORM
FILE ID: 0 g ())
Requesting Department: Public Facilities
Commission Meeting Date:6/12/08 District Impacted: 2 & 3
Type: ® Resolution n Ordinance ❑ Emergency Ordinance ❑ Discussion Item
111 Other
RE.1
Subject: Resolution Authorizing Execution of an Agreement with University of Miami regarding its
Use Agreement at the Orange Bowl and Lease Agreement at the James L. Knight Center
Purpose of Item:
A Resolution authorizing the City Manager to execute an agreement, in substantially the attached
form, with the University of Miami ("University") to provide for the City and the University to
execute a Termination Agreement, in substantially the attached form, terminating the Orange Bowl
Use Agreement dated June 22, 1990, as amended. In consideration of said Termination Agreement,
the University agrees to (i) assign to an entity designated by the City its interest in the lease agreement
between the City and the University, dated July 1, 1983, as amended, relating to the James L. Knight
Conference Center ("Conference Center Lease"), effective not earlier than December 31, 2009; or (ii)
amend the Conference Center Lease to provide that it may be terminated by the City, in its sole
discretion, at any time after December 31, 2009.
Background Information:
See attached
Budget Impact Analysis
NO 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:
$0.00
$0.00
Final Approvals
(SIGN AND DATE)
CIP /0- Budget tj/+
If using or receiving capital funds
Grants rJf
Purchasing,, j\r /4-
Chief
Risk Management
Dept. Director...
City Manager
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Subject: Resolution Authorizing Execution of an Agreement with University of Miami regarding its
Use Agreement at the Orange Bowl and Lease Agreement at the James L. Knight Center
The City and the University entered into a Use Agreement on June 22, 1990, as amended, which
authorized the University to utilize the Orange Bowl Stadium for the staging of its home football games
and related activities. The Use Agreement does not expire until June 21, 2010. After the City and the
University were unable to reach an agreement for the redevelopment of the Orange Bowl, in August,
2007 the University announced that it would be moving to the Dolphin Stadium effective with the 2008
football season and they requested to terminate their Use Agreement at the Orange Bowl
In consideration for the termination, the University shall agree to (i) assign to an entity designated by the
City its interest in the Conference Center Lease, effective not earlier than December 31, 2009 or (ii)
amend the Conference Center Lease to provide that it may be terminated by the City, in its sole
discretion, at any time after December 31, 2009, at the City's option.
The Conference Center Lease, dated July 1, 1983, as amended, provided for the University to manage
and operate the conference center within the James L. Knight Center. The Lease provided for the
University to use the conference center for all types of educational activities, with emphasis upon
continuing education and for such other lawful activities as are within the scope of the purposes of the
University and which do not violate areas or primacy of other constituent institutions within the
convention center. The Lease was for a period of 30 years, commencing October 1, 1982, with two 30-
year options.
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