HomeMy WebLinkAboutSummary FormDate: 12/ 11 /2007
AGENDA ITEM SUMMARY FORM
FILE ID: 61 — O 1 SS'3
Requesting Department: CIP
Commission Meeting Date: 1/10/2008
Type: ® Resolution
District(s) Impacted: I J 1
2Z3I I4I 15
Ordinance I I Emergency Ordinance I 1 Discussion Item
Other
Subject: Waiving the City of Miami fees associated with an Orange Bowl Stadium Memorabilia Kick -
Off event, Orange Bowl Stadium sale Extravaganza and auction to be held during the months of January
and February at the Orange Bowl Stadium.
Purpose of Item:
Waiving the City of Miami fees associated with an Orange Bowl Stadium Memorabilia Kick -Off
event, Orange Bowl Stadium sale extravaganza and auction to be held during the months of
January and February at the Orange Bowl Stadium.
Background Information:
The primary tenant of the Orange Bowl Stadium (Stadium), the University of Miami, decided to no
longer utilize the stadium for football games following the 2007 season. Without a primary tenant
the facility would become a liability and therefore a determination was made to demolish the site as
soon as possible and prepare the site for redevelopment. Recognizing the historic significance of the
property and the broad community interest in "owning a piece of the Stadium," it was determined
that the City should produce an event to celebrate the site's history and further offer for sale
Stadium assets in a very public, celebratory manner. In order to offset the cost of demolition and to
offer historic memorabilia for sale to the community all saleable items should be removed from the
stadium prior to demolition. On December 13, 2007, the City Commission authorized the execution
of an agreement ("Agreement") with Dream Products, Inc., d/b/a Mounted Memories related to the
sale of Orange Bowl historic memorabilia and assets. The Agreement provides for Mounted
Memories to conduct certain activities relating to the sale of memorabilia and salvage items. The
City will share in the proceeds from the events and the sale of memorabilia and salvage items.
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:
Final Approvals
(SIGN AND DATE)
CIP N/A Budget N/A
If using or receiving capital funds
Grants N/A i;°k Management / /A
Purchasing N/A .►� e t. Director ��` •,�
Chief
7
City Manager
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