HomeMy WebLinkAboutSummary Form 03/08/12Date: 01/30/2012
AGENDA ITEM SUMMARY FORM
FILE ID: � L(2O/0?
Requesting Department: Public Facilities
Commission Meeting Date: 02/09/2012 District Impacted: District 2
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: Memorandum of Understanding between the City of Miami, MSEA and Friends of
Miami Marine Stadium, Inc.
Purpose of Item: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING THE CITY MANAGER TO
EXECUTE A MEMORANDUM OF UNDERSTANDING, IN SUBSTANTIALLY THE ATTACHED FORM, AMONG THE CITY OF MIAMI, THE
MIAMI SPORTS AND EXHIBITION AUTHORITY AND FRIENDS OF MIAMI MARINE STADIUM,INC., A 501(C)3 NON PROFIT
CORPORATION, ESTABLISHING THE CITY OF MIAMI'S PARTICIPATION IN A PUBLIC -PRIVATE PARTNERSHIP IN ORDER TO PLAN,
APPLY FOR GRANTS AND FUNDING, AND IMPLEMENT THE RENOVATION, OPERATION AND PUBLIC USE OF THE MIAMI MARINE
STADIUM TO BE REDEVELOPED ON VIRGINIA KEY, MIAMI, FLORIDA. FURTHER TO PROVIDE FOR COMPLIANCE WITH
REQUIREMENTS OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, AND ALL OTHER APPLICABLE DEED
RESTRICTIONS AND GOVERNMENTAL FUNDING PROGRAMS.
Law Department
Matter ID No.
Background Information:
There is a strong movement to rehabilitate the Miami Marine Stadium and its surrounding Biscayne Bay basin
and uplands as a recreational and cultural site. The City seeks to work with MSEA and Friends for a period of 2
years during which time Friends, in consultation with a Steering Committee, formed by the City Manager, will
plan, and apply for grants and funding for the restoration of the Stadium and develop an operating plan for the•
overall development and public use of the Stadium as provided in the Miami Marine Park portion of the Virginia
Key Master Plan, approved by the City Commission in July 2010. The Steering Committee for the Stadium will
consist of a twelve member task force to be led by the City's Planning Director to assist and advise the Friends
in conducting the evaluations needed for all aspects of the Stadium Project, as defined in the MOU. The
Committee members will serve• for a designated time period of.2 years with no compensation. Additionally,
Florida Sunshine laws will fully apply to the Committee.
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 Budget
1f;usinR or i'44i5,,ip:.;4i. rimid
Grants s Risk Management
Purchasing Dept. Director,
Chief 1 7 � _c . — City Manager
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