HomeMy WebLinkAboutR-26-0055City of Miami
Resolution R-26-0055
Legislation
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 18856 Final Action Date: 2/12/2026
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 BY A 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
City of Miami Page 1 of 4 File ID: 18856 (Revision: A) Printed On: 2/25/2026
File ID: 18856 Enactment Number: R-26-0055
REGULATIONS, AS MAY BE DEEMED NECESSARY FOR SAID PURPOSE;
PROVIDING FOR AN EFFECTIVE DATE.
SPONSOR(S): Commissioner Damian Pardo, Commissioner Rolando Escalona,
Commissioner Ralph "Rafael" Rosado
WHEREAS, the City of Miami ("City") requires professional management and operational
services for the Miami Marine Stadium, Virginia Key Center, and Flex Park (collectively, the
"Services"); and
WHEREAS, on January 31, 2025, the Department of Procurement ("Procurement")
issued Request for Proposals No. 1926386 for Management of the Miami Marine Stadium, and
Flex Park ("Solicitation") to establish one or more contracts for the Services; and
WHEREAS, on April 22, 2025, Procurement received two proposals in response to the
Solicitation, both of which were determined to be responsive; and
WHEREAS, on June 24, 2025, the Evaluation Committee ("Committee"), appointed by
the City Manager, convened to discuss and evaluate the proposals consistent with the
Solicitation requirements; and
WHEREAS, at the conclusion of the meeting, the Committee scored the remaining
proposals to recommend Global Spectrum L.P. d/b/a OVG360 ("Contractor") as the highest -
ranked, responsive, and responsible Proposer; and
WHEREAS, the City Manager concurred with the evaluation results and appointed a
team ("Negotiating Team") to negotiate the material terms of the contract(s) with the Contractor;
and
WHEREAS, the Negotiating Team met with the Contractor on July 8, 2025, August 15,
2025, August 20, 2025, August 27, 2025, and August 28, 2025 and discussed and reached
agreement in principle on the material business terms for the Services, including scope, term,
and compensation, as summarized herein; and
WHEREAS, the material business terms contemplated for the Services include: (i)
management of the Miami Marine Stadium, Virginia Key Center, and Flex Park for a five (5)
year term at Twelve Thousand Five Hundred 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 at Fifteen Thousand Dollars ($15,000.00) per
month, plus reimbursement of pre -approved out-of-pocket expenses; and (iii) negotiation of 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 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 a fifteen percent (15%) commission on gross sponsorship and premium seating
revenues, all as more particularly set forth in one or more long -form agreements to be
negotiated ("Business Terms"); and
WHEREAS, the City Manager recommended the award to Contractor for the Services,
as set forth in the City Manager's award recommendation for Request for Proposals No.
1926386 attached and incorporated as Exhibit "A" (the "City Manager's Recommendation"); and
City of Miami Page 2 of 4 File ID: 18856 (Revision: A) Printed on: 2/25/2026
File ID: 18856 Enactment Number: R-26-0055
WHEREAS, the City Commission desires to approve the City Manager's
Recommendation and to authorize contract negotiations with the Contractor for the Services,
consistent with the Business Terms, provided however that the execution of a long-term
management agreement exceeding five (5) years is subject to approval of a 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; and
WHEREAS, Section 18-86 of the Code of the City of Miami, Florida, as amended ("City
Code") provides the procedures for use of competitive sealed proposals, including that awards
in excess of Fifty Thousand Dollars ($50,000.00) must be approved by the City Commission
upon recommendation by the City Manager; and
WHEREAS, Section 3(f)(iii) of the Charter, governs leases to, and contracts with, entities
for the management of the City's waterfront property and, among other requirements, conditions
the validity of such a lease or management agreement on satisfaction of specified Charter
conditions, including that the contract not exceed five (5) years and not contain an automatic
renewal or termination penalty, and further provides that any such lease or management
agreement (or extension/modification) that does not comply with each condition is not valid
unless first approved by a majority of the City's voters; and
WHEREAS, because the City and Contractor contemplate entering into a management
agreement concerning waterfront property in excess of five (5) years, the City Commission
desires to approve the award to Contractor and to authorize 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, for the Services consistent with the Business Terms, provided
however, that execution of the long-term management agreement in excess of five (5) years is
subject to approval by a majority of the electorate as required by the Charter and further subject
to City Commission approval of the final agreement;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF
MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are
adopted by reference and incorporated as if fully set forth in this Section.
Section 2. Pursuant to Section 18-86(c)(6)b of the City Code, the award of one or more
contracts to Contractor for the provision of the Services consistent with the Business Terms, as
further specified in the City Manager's Recommendation, is hereby approved, subject to the
availability of funds and budget approval at the time of need.
Section 3. The City Manager is authorized' 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 Services consistent with the Business Terms, with the
execution of the long-term management agreement exceeding five (5) years subject to approval
by a majority of the electorate pursuant to Section 3(f)(iii) of the Charter, and further subject to
City Commission approval of the final agreement.
City of Miami Page 3 of 4 File ID: 18856 (Revision: A) Printed on: 2/25/2026
File ID: 18856 Enactment Number: R-26-0055
Section 4. The City Manager is further authorized' 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.
Section 5. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND CORRECTNESS:
ge Wy ng III, C y tor -y 2/23/2026
1 The herein authorization is further subject to compliance with all legal requirements that may be
imposed, including but not limited to those prescribed by applicable City Charter and City Code
provisions.
City of Miami Page 4 of 4 File ID: 18856 (Revision: A) Printed on: 2/25/2026