HomeMy WebLinkAboutMaster ReportCity of Miami
Master Report
Enactment Number: R-26-0055
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 18856
Revision: A
File Type: Resolution
File Name: Miami Marine Stadium, Virginia Key Center and Flex
Park - RFP for Management
Requesting Dept: Commissioners and Mayor
Status: ADOPTED WITH
MODIFICATION(S)
Controlling Body: City Commission
Introduced: 1/27/2026
Final Action Date: 2/12/2026
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
PURSUANT TO SECTION 18-86(C)(6)B OF THE CODE OF THE CITY OF MIAMI,
FLORIDA, AS AMENDED, ("CITY CODE"), APPROVING THE CITY MANAGER'S
AWARD RECOMMENDATION FOR REQUEST FOR PROPOSALS NO. 1926386,
ATTACHED AND INCORPORATED AS EXHIBIT "A," TO GLOBAL SPECTRUM L.P.
D/B/A OVG360 ("CONTRACTOR") FOR (I) THE MANAGEMENT OF THE MIAMI
MARINE STADIUM, VIRGINIA KEY CENTER, AND FLEX PARK FOR A FIVE (5) YEAR
TERM AT TWELVE THOUSAND FIVE HUNDRED AND 00/100 DOLLARS ($12,500.00)
PER MONTH PLUS SEVEN PERCENT (7%) OF GROSS REVENUES, INCLUDING
FOOD AND BEVERAGE AND SPONSORSHIP REVENUE, (II) CONSULTING
SERVICES FOR THE MIAMI MARINE STADIUM FIFTEEN THOUSAND AND 00/100
DOLLARS ($15,000.00) PER MONTH, PLUS REIMBURSEMENT FOR PRE -
APPROVED OUT-OF-POCKET EXPENSES, AND (III) A LONG-TERM MANAGEMENT
AGREEMENT FOR THE OPERATION AND MANAGEMENT OF MIAMI MARINE
STADIUM AND FLEX PARK FOR AN INITIAL TERM OF TEN (10) YEARS WITH UP TO
THREE (3) ADDITIONAL TEN (10) YEAR RENEWAL TERMS AT AN ANNUAL BASE
MANAGEMENT FEE OF FOUR HUNDRED THOUSAND AND 00/100 DOLLARS
($400,000.00) WITH CPI ADJUSTMENTS COMMENCING IN YEAR FOUR (4) AFTER
STADIUM OPENING, PLUS INCENTIVE FEES EQUAL TO SEVEN PERCENT (7%) OF
GROSS EVENT REVENUE AND FOOD AND BEVERAGE SALES, AND FIFTEEN
PERCENT (15%) COMMISSION ON GROSS SPONSORSHIP AND PREMIUM
SEATING REVENUES ("BUSINESS TERMS"), SUBJECT TO THE AVAILABILITY OF
FUNDS AND BUDGETARY APPROVAL AT THE TIME OF NEED; AUTHORIZING THE
CITY MANAGER TO NEGOTIATE AND EXECUTE A FIVE (5) YEAR MANAGEMENT
AGREEMENT AND EXPERT CONSULTANT AGREEMENT, BOTH IN FORMS
ACCEPTABLE TO THE CITY ATTORNEY, WITH CONTRACTOR FOR THE
AFOREMENTIONED SERVICES CONSISTENT WITH THE BUSINESS TERMS,
PROVIDED HOWEVER, THAT EXECUTION OF A LONG-TERM MANAGEMENT
AGREEMENT EXCEEDING FIVE (5) YEARS SHALL BE SUBJECT TO APPROVAL BYA
MAJORITY OF THE ELECTORATE PURSUANT TO SECTION 3(F)(III) OF THE
CHARTER OF THE CITY OF MIAMI, FLORIDA, AS AMENDED ("CHARTER"), AND
FURTHER SUBJECT TO CITY COMMISSION APPROVAL OF THE FINAL
AGREEMENT; FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND
EXECUTE ANY DOCUMENTS, INCLUDING AMENDMENTS, RENEWALS, AND
EXTENSIONS, ALL IN FORMS ACCEPTABLE TO THE CITY ATTORNEY, AND
SUBJECT TO ALL ALLOCATIONS, APPROPRIATIONS, AND PRIOR BUDGETARY
APPROVALS, AND IN COMPLIANCE WITH APPLICABLE PROVISIONS OF THE CITY
CODE, INCLUDING, THE CITY OF MIAMI'S PROCUREMENT ORDINANCE, ANTI -
DEFICIENCY ACT, AND FINANCIAL INTEGRITY PRINCIPLES, ALL AS SET FORTH IN
CHAPTER 18 OF THE CITY CODE, AND IN COMPLIANCE WITH ALL APPLICABLE
LAWS, RULES, AND REGULATIONS, AS MAY BE DEEMED NECESSARY FOR SAID
PURPOSE; PROVIDING FOR AN EFFECTIVE DATE.
City of Miami Page 1 of 2 Printed on: 2/25/2026
City of Miami
Master Report
Enactment Number: R-26-0055
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Sponsor(s): Commissioner Damian Pardo, Commissioner Rolando Escalona, Commissioner
Ralph "Rafael" Rosado
Notes: Pursuant to the resolution, this item became effective immediately upon adoption by the
Commission.
Links:
Attachments: 18856 Exhibit A (PDF)
18856 Exhibit B (OBSOLETE) (PDF)
18856 Substitution Memo from City Attorney (PDF)
18856 Legislation -SUB (PDF)
History of Legislative File:
Revision: Acting Body: Date: Action: Result:
Legislative Division 2/3/2026 Legislative Division Review Completed
Andrew Frey 2/3/2026 Dreams Review Completed
Donovan Dawson 2/3/2026 Budget Analyst Review Completed
Thomas M. Fossler 2/3/2026 ACA Review Completed
Leon P Michel 2/3/2026 Budget Review Completed
George K. Wysong III 2/3/2026 Approved Form and Completed
Correctness
City Commission 2/12/2026 Meeting Completed
City Commission 2/12/2026 ADOPTED WITH Passed
MODIFICATION(S)
A Legislative Division 2/12/2026 Legislative Division Review Completed
A Thomas M. Fossler 2/23/2026 ACA Review Completed
A George K. Wysong III 2/23/2026 Approved Form and Completed
Correctness with Modification(s)
A City Clerk's Office 2/24/2026 Rendered Completed
City of Miami Page 2 of 2 Printed on: 2/25/2026