HomeMy WebLinkAboutMemo - MSEAo q� w
�a-Y I" V,
sports & exhibition authority
To: Honorable Mayor and Members July 31", 2105
of the City Commission
Subject: Approval of the
Miami Sports & Exhibition
Authority 2015-2016
c �r� Operating Budget
From: Lourdes Blanc`"" C1/y7
Executive Director for City Commission meeting
of September 10', 2015.
RECOMMENDATION:
It is respectfully recommended that the City Commission approve the Miami Sports &
Exhibition Authority Operating Budget for Fiscal Year 2015-2016.
BACKGROUND:
The Miami Sports & Exhibition Authority (MSEA) was established in 1983, pursuant
to Florida Statute 212.057, as an independent and autonomous agency and instrumentality
of the City of Miami. Currently, MSEA is being managed by Lourdes Blanco. MSEA. was
created to promote sports, conventions and exhibitions and to strive to generate community
support to achieve this purpose. It was further given the authority to exercise any power
usually possessed by private corporations performing similar functions that are not in conflict
with the Florida constitution or law. Your approval of the attached budget will enable MS:EA
to fulfill its mandate. The budget was unanimously approved by the MSEA board at its
July 21", 2015, meeting.
.Attachments:
Resolution
Budget
MIAMI SPORTS & EXHIBITION AUTHORITY
3500 Pan American Drive, Miami, FL 33133 / (305) 416-1105
LA-L
sports & exhibition authority
July 31 ", 2015
Honorable Mayor Tomas Regalado
and Members of the City Commission
The Miami Sports and Exhibition Authority (MSEA) was established in 1983, pursuant to
Florida Statute 212.057, as an in.depen.dent and autonomous agency and instrumentality of
the City of Miami. MSEA was created to promote sports, conventions and exhibitions and
to strive to generate community support to achieve this purpose. It was further given the
authority to exercise any power usually possessed by private corporations performing
similar functions that are not in conflict with the Florida constitution or law.
In the past ten years, MSEA has successfully auctioned off the Miami Arena and other
associated properties, reaping over S36,004,00 from the sales as well as returning those
properties to the tax rolls. MSEA continues to serve the community as the landlord of
the Children's Museum, the heliport and seaplane operations at Watson Island.
The attached budget will enable MSEA to fulfill its mandate. The budget was unanimously
approved by the MSEA board at its July .21s`, 2015 meeting, and I would respectfully request
that you do the same.
Thank you in advance for your assistance.
Rees, ectfully,
Lou. des Blanco
Exe °utve Director
Enc.
cc: file
j_ 0./Y-) (<1
MIAMI SPORTS 8c EXHIBITION AUTHORITY
3500 Pan American Drive, Miami, FL 33133 / (305) 416-1105