HomeMy WebLinkAboutMaster ReportCity of Miami
Master Report
Enactment Number: R-22-0282
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 12103
Revision: A
File Name: Auth. City Manager - TIME USA Agreement
Requesting Dept: Commissioners and Mayor
File Type: Resolution Status: ADOPTED WITH
MODIFICATION(S)
Controlling Body: City Commission
Introduced: 6/9/2022
Final Action Date: 7/28/2022
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), BY A
FOUR -FIFTHS (4/STHS) AFFIRMATIVE VOTE, AFTER AN ADVERTISED PUBLIC
HEARING, RATIFYING, APPROVING, AND CONFIRMING THE CITY MANAGER'S
FINDING AND RECOMMENDATION, ATTACHED AND INCORPORATED AS EXHIBIT
"A," THAT COMPETITIVE NEGOTIATION METHODS AND PROCEDURES ARE NOT
PRACTICABLE OR ADVANTAGEOUS TO THE CITY OF MIAMI ("CITY") PURSUANT
TO SECTION 18-85(A) OF THE CODE OF THE CITY OF MIAMI, FLORIDA, AS
AMENDED ("CITY CODE"); WAIVING THE REQUIREMENTS FOR COMPETITIVE
SEALED BIDDING METHODS AS NOT BEING PRACTICABLE OR ADVANTAGEOUS
TO THE CITY OF MIAMI ("CITY"); WAIVING THE REQUIREMENTS FOR SAID
PROCEDURES; AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND
EXECUTE A PARTNERSHIP AGREEMENT ("AGREEMENT") WITH TIME USA, LLC., A
FOREIGN LIMITED LIABILITY CORPORATION PENDING REGISTRATION TO
CONDUCT BUSINESS IN THE STATE OF FLORIDA ("TIME, LLC") FOR A PROGRAM
TO LAUNCH A COLLECTION OF APPROXIMATELY FIVE THOUSAND (5,000) NON -
FUNGIBLE TOKENS ("NFTS") ("PROGRAM") WHERE THE DESIGN OF THE NFTS
WILL REFLECT THE HISTORY AND CULTURE OF THE CITY AND WILL BE
DESIGNED BY LOCAL ARTISTS AT NO COST TO THE CITY; FURTHER
ESTABLISHING A NEW SPECIAL REVENUE PROJECT FUND TITLED "OFFICE OF
THE CITY MANAGER (LOCAL ARTIST ECONOMIC INITIATIVE)" AND AUTHORIZING
THE CITY MANAGER TO ACCEPT ANY AND ALL FUNDS WHICH SHALL DERIVE
FROM THE PROGRAM; FURTHER AUTHORIZING THE CITY MANAGER TO
NEGOTIATE AND EXECUTE ANY AND ALL DOCUMENTS NECESSARY, INCLUDING
EXTENSIONS, RENEWALS AND MODIFICATIONS, ALL IN FORMS ACCEPTABLE TO
THE CITY ATTORNEY, FOR SAID PROGRAM.
Sponsor(s): Mayor Francis X. Suarez
Notes:
Pursuant to the resolution, this item became effective immediately upon adoption by the
Commission.
Links:
Attachments: 12103 Exhibit A (PDF)
12103 Back -Up Documents (PDF)
12103 Notice to the Public (PDF)
History of Legislative File:
Revision: Acting Body: Date:
Action: Result:
Legislative Division 6/17/2022
Domini J. Gibbs 7/5/2022
Legislative Division Review Completed
ACA Review Completed
City of Miami Page 1 of 2 Printed on: 6/16/2025
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A
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Marie Gouin
City Commission
City Commission
City Commission
City Commission
Legislative Division
Domini J. Gibbs
Victoria Mendez
Victoria Mendez
City Clerk's Office
City of Miami
Master Report
Enactment Number:
7/5/2022
7/14/2022
7/14/2022
7/28/2022
7/28/2022
9/1/2022
9/1/2022
9/7/2022
9/7/2022
9/7/2022
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
R-22-0282
Budget Review
Meeting
MEETING CANCELLED
Meeting
ADOPTED WITH
MODIFICATION(S)
Legislative Division Review
ACA Review
Approved Form and
Correctness
Approved Form and
Correctness with Modification(s)
Rendered
Completed
Completed
Passed
Completed
Passed
Completed
Completed
Completed
Completed
Completed
City of Miami Page 2 of 2 Printed on: 6/16/2025