HomeMy WebLinkAboutSummary Form4 ,, AGENDA ITEM SUMMARY FORM
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FILE ID: i � D � J(Q
J
Date: 11/28/2011 Requesting Department: Public Facilitie
Law Department
Commission Meeting Date: 01/12/2012 District Impacted: 2 Matter ID No.
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: Resolution authorizingthe Cit. Manager to extend the current agreement with Global
Spectrum Limited Partnership for the management and operation of the Miami Convention Center
/James L. Knight International Center.
Purpose of Item:
A Resolution of the Miami City Commission, with attachment(s), by a four-fifths (4/5ths) affirmative
vote, after an advertised public hearing, ratifying, approving, and confirming the City Manager's
finding, pursuant to section 18-85 of the code of the City of Miami, Florida, as amended, waiving the
requirements for competitive bidding procedures for the procurement of services; authorizing the City
Manager to execute an amendment, in substantially the attached form, to the agreement with Global
Spectrum Limited Partnership for the management and operation of the Miami Convention
Center/James L. Knight International Center, extending the term for an initial period of one (1) year
effective April 1, 2012, with one (1) one year renewal option exercised at the sole discretion of the
City Commission.
Background Information:
See attached.
Budget Impact Analysis
NO Is this item related to revenue?
YES Is this item an expenditure? If so, please identify funding source below.
General Account No: �u/�✓d ���6
Special Revenue Account No: 10100.221070.534000
CIP Project No:
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost.
Maintenance Cost:
Total Fiscal Impact:
KIM
1 W1
$137,200 annually
Final Approvals
Risk Management
City Manager
Pagel of 2
Subject: Resolution authorizingtManager to extend the current agreement with Global
Spectrum Limited Partnership for the management and operation of the Miami Convention Center
/James L. Knight International Center.
Background Information:
Resolution #97-662, approved by the City Commission on September 23, 1997, authorized the City
Manager to enter into a Management Agreement with Global to provide professional .services for the
management of the Miami Convention Center/James L. Knight International Center. This agreement
is scheduled to expire, as amended, on March 31, 2011.
On May 10, 2007, the City Commission authorized the City Manager to: (i) prepare an invitation for
bid for the sale of the city -owned property located on the north side. of I-95 ("North Side assets"); and
(ii) explore the scenarios that contemplate the redevelopment of the :assets located on the south side of
the I-95 ramp ("South Side assets") and/or amending or entering into a new lease with the Hyatt.
With the exploration of these scenarios continuing and the uncertainty of the long term use of this site,
it is in the best interest of the City to extend the agreement with Global for an initial one (1) year
period, with one (1) one year renewal option at the City Commission's sole discretion, effective April
1, 2012. The proposed extension would remain effective under the terms and conditions that currently
exist, effective April 1, 2012.
Per the existing agreement, Global is responsible for managing and operating the Miami Convention
Center/James L. Knight International Center, including marketing, ticketing, event booking,
accounting, maintenance, and capital improvements. The agreement originally included language
which established a base management fee of $97,200 plus expenses, a 120 day optional City'
termination clause, and City discretion to audit accordingly. In January 2010, Global's agreement was
amended by the City Commission to include the expanded management and operation of
approximately 35,000 additional square feet of meeting and conference space at the Miami
Convention Center/James L. Knight International Center, an area formerly leased to the University of
Miami. Due to the University of Miami's early departure, Global's base management fee was
increased by $40,000 to a total of $137,200, which includes the management and operations the
Miami Convention Center/James L. Knight International Center, including marketing, ticketing, event
booking, accounting, maintenance, and capital improvements to the Miami Conference Center area.
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