HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM
FILE ID: 14-01271
Date: 12/22/14 Requesting Department: Dept. of Real Estate & Asset Mgmt.
Commission Meeting Date; 1/8/15 District Impacted: 2
Type: // Resolution ❑ Ordinance [ Emergency Ordinance C Discussion Item
(1 Other
Law Department
Matter ID No.
14-2841
Subject: Resolution authorizing Revocable License to National Marine Manufacturer's Association for the
Miami International Boat Show.
Purpose of Item:
Resolution authorizing the issuance of a Revocable License to National Marine Manufacturer's
Association for the purposes of presenting the Miami International Boat Show at property located on
Virginia Key, more particularly the areas surrounding the Miami Marine Stadium.
Background Information:
See attached supplement.
Budget Impact Analysis
YES 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
jSIGN AND DATE) r�
CIP Budget INN
If using or receiving capital funds
Grants Risk Managemen
Purchasing Dept. Director
Chief City Manage
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SUPPLEMENTAL PAGE
Subject: Resolution to negotiate and execute a Revocable License between the City of Miami ("City") and
National Marine Manufacturer's Association Inc., ("Licensee"), for the Miami International Boat Show ("Show")
at Virginia Key.
Background Information:
The City is the owner of the real property Virginia Key that includes the upland and submerged lands
collectively the ("Property").
National Marine Manufacturer's Association Inc., ("Licensee") is engaged in the business of presenting both
national and international boat show events representing more than one thousand four hundred (1,400)
companies involved in various productions used by recreational boaters and is dedicated to creating, promoting,
and protecting a safe and productive environment in which its members can achieve financial success through
excellence in manufacturing, selling and servicing their customers. The Licensee desires to use a portion of the
Property to present to the public and operate the Miami International Boat Show ("Show").
The City and Licensee (the "Parties") desire and intend to enter into a Revocable License ("License") for the
use of the Property. This License is not assignable, is not for a fixed term and is terminable or revocable at -will
by the City Manager and without the consent of the Licensee, In addition, the License does not transfer an
interest, a right to use for any general purpose, or any right to exclude the City from any right, in real property
including any leasehold interest in real property owned by the City. This License permits only certain,
enumerated, specific and listed permitted uses and does not permit anything other than the permitted uses
defined in the License.
In exchange for the License the Licensee shall pay an annual payment of approximately one million one
hundred thousand ($1,100,000.00) dollars ("Use Fee") and fifty percent (50%) of the income resulting from
any and all food and beverage concessions at the Boat Show or any off -site properties, to the City.
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