HomeMy WebLinkAboutMemo - MSEA' !b
WM
sports & exhibition authority
August 3, 2016
To: Honorable Mayor Tomas Regalado
and Members of the City Commission
Subject: Approval of the
Miami Sports and Exhibition
Authority 2016-2017 Operating
Budget, for City Commission
meeting of tII &,,
From: Lourdes Blanco
Executive Director
RECOMMENDATION:
It is respectfully recommended that the City Commission approve the Miami Sports and
Exhibition Authority Operating Budget for Fiscal Year 2016-2017.
BACKGROUND:
The Miami Sports and 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. MSEA was created to promote sports, conventions and exhibitions and
to strive to generate conununity 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 $36,004,00 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. Recently,
the phase 1 of the construction project of the Watson Island Heliport was completed. The zoning
changes were granted to the Chalk's/Nautilus Sea Plane Base for this project to be able to begin
MIAMI SPORTS & EXHIBITION AUTHORITY
3500 Pan American Drive, Miami, FL 33133 / (305) 416-1105
' 'L N 42.
sports & exhibition authority
their construction phase, and they have presented to MSEA Board of Directors preliminary
construction plans. In 2016 through'2017 MSEA will continue to supervise both construction
projects.
Your approval of the attached budget will enable MSEA to fulfill its mandate.
The budget was unanimously approved by the MSEA Board of Directors at its August 2', 2016,
Special meeting, and I would respectfully request that you do the same.
Thank you in advance for your assistance.
Res1 cdully,
d
Lourd s Blanco
Executive Director
.Attachments,
resolution
Budget
MTAMI SPORTS & EXHIBITION AUTHORITY
3500 Pan American Drive, Miami, 1+L 33133 / (305) 416-1105