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HomeMy WebLinkAboutLegislation-SUBTHIS DOCUMENT IS A SUBSTITUTION TO ORIGINAL. BACKUP ORIGINAL CAN BE SEEN AT END OF THIS DOCUMENT. City of Miami City Hall Amerca Legislation FEB 1 2 t°.1 $: `� 4500 MiamiPan, e3i31n33Drive www.miamigov.com Resolution File Number: 18855 Final Action Date: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), APPROVING, SETTING FORTH AND SUBMITTING TO THE ELECTORATE FOR THEIR APPROVAL OR DISAPPROVAL THE FOLLOWING REFERENDUM BALLOT QUESTION: "SHALL THE CITY ENTER INTO A MANAGEMENT AGREEMENT WITH GLOBAL SPECTRUM L.P. TO ACTIVATE AND MANAGE EVENTS AT THE HISTORIC MIAMI MARINE STADIUM AND FLEX PARK, 3501 RICKENBACKER CAUSEWAY, MIAMI, FL 33149, AS FOLLOWS: CITY RECEIVES 93% OF GROSS SALES OF ALL EVENTS AFTER DEDUCTING A $33,333 MONTHLY MANAGEMENT FEE, CITY RECEIVES 85% OF SPONSORSHIP REVENUES, 40 YEAR TERM, GLOBAL SPECTRUM TO PAY THE CITY UP TO $10,000,000 TOWARDS THE RESTORATION OF HISTORIC MARINE STADIUM?"; CALLING FOR A REFERENDUM SPECIAL ELECTION AND PROVIDING THAT THE BALLOT QUESTION WILL BE SUBMITTED TO THE ELECTORATE AT THE REFERENDUM SPECIAL ELECTION TO BE HELD CONCURRENTLY WITH THE GENERAL ELECTION SCHEDULED FOR AUGUST 18, 2026; DESIGNATING AND APPOINTING THE CITY CLERK AS THE OFFICIAL REPRESENTATIVE OF THE CITY COMMISSION WITH RESPECT TO THE USE OF VOTER REGISTRATION BOOKS AND RECORDS; FURTHER DIRECTING THE CITY CLERK TO CAUSE A CERTIFIED COPY OF THE HEREIN RESOLUTION TO BE DELIVERED TO THE SUPERVISOR OF ELECTIONS OF MIAMI-DADE COUNTY, FLORIDA, NOT LESS THAN FORTY-FIVE (45) DAYS PRIOR TO THE DATE OF SUCH ELECTION; PROVIDING AN IMMEDIATE EFFECTIVE DATE FOR THIS RESOLUTION. WHEREAS, the City of Miami ("City") owns the real property located at 3501 Rickenbacker Causeway, Miami, Florida 33149, commonly known as Miami Marine Stadium and Flex Park (the "Property"); and WHEREAS, the 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 to establish one or more contracts for the Services; and WHEREAS, at the conclusion of the solicitation process, Global Spectrum, L.P. d/b/a OVG360 ("Global Spectrum") was selected for award as the highest -ranked, responsive, and responsible Proposer; and WHEREAS, the City Commission is considering approval of a management agreement with Global Spectrum for operation of the Property, with a proposed ten-year initial term and up to three additional ten-year renewals, a Ten Million Dollar ($10,000,000.00) capital contribution by Global Spectrum, and a compensation structure consisting of a Four Hundred Thousand Dollar ($400,000.00) annual base fee plus incentive fees equal to Seven Percent (7%) of gross 18855 Legislation -SUB THIS DOCUMENT IS A SUBSTITUTION TO ORIGINAL. BACKUP ORIGINAL CAN BE SEEN AT END OF THIS DOCUMENT. event revenues and food and beverage sales, and Fifteen Percent (15%) of sponsorship and premium seating revenue, with all other revenues due to the City; and WHEREAS, Section 3(f)(iii) of the Charter of the City of Miami, Florida, as amended ("City Charter"), permits the City to contract for the management of City -owned waterfront property only if specified conditions are met, including that the contract does not exceed five (5) years and contains no automatic renewal or termination penalty; and WHEREAS, under Section 3(f)(iii), any lease or management agreement, or any extension or modification of such agreement, that does not meet each of those conditions is invalid unless first approved by a majority of City voters; and WHEREAS, because the contemplated management agreement provides for a term exceeding five (5) years, it does not satisfy all conditions in Section 3(f)(iii) and therefore requires voter approval prior to becoming valid and effective; and WHEREAS, Section 6 of the Charter authorizes the City Commission to submit measures to the electorate for approval or disapproval at a referendum; and r- N w WHEREAS, the City Commission finds it in the public interest to submit to the qualified electors of the City the question of whether the City should enter into the proposed management agreement for Miami Marine Stadium and Flex Park on the material terms stated above; and WHEREAS, pursuant to Sections 3(f)(iii) and 6 of the City Charter, the City Commission submits this question to seek the voter approval required to validate the proposed management agreement for Miami Marine Stadium and Flex Park, because the management agreement concerns City -owned waterfront property and has a term exceeding five (5) years; and WHEREAS, upon voter approval, the City Commission may authorize the City Manager to finalize and execute the management agreement in a form acceptable to the City Attorney, consistent with the material terms presented to the electorate; and WHEREAS, the City intends to develop and implement a financing plan to reconstruct the Miami Marine Stadium, which could include, but is not limited to, bank loans, general fund contributions, or issuance of general and/or special obligation debt instruments; and WHEREAS, the City intends to have Global Spectrum manage and operate Miami Marine Stadium and Flex Park under a management agreement contemplated herein, without any commitment to maintain the agreement for the full potential term or to exercise any renewal option, and, if Global Spectrum's operational experience indicates that additional activation would enhance public use and increase revenues to the City, the City may during the term consider modifying or replacing the arrangement, including by entering into a separate agreement, which may include a lease, to provide further capital improvements, subject to applicable provisions of the City Charter, all other applicable law, and, if required, approval by the electors at a separate referendum; and WHEREAS, approval of this ballot question does not constitute approval of any future lease or capital improvement program for the site, and any such proposal shall be presented to the City Commission for consideration in accordance with applicable law and, if required by applicable provisions of the City Charter, submitted to the electors at a separate referendum; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: THIS DOCUMENT IS A SUBSTITUTION TO ORIGINAL. BACKUP ORIGINAL CAN BE SEEN AT END OF THIS DOCUMENT. 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. In accordance with the provisions of Section 3(f)(iii) and 6 of the City Charter, a Referendum Special Election is being called and directed to be held in the City of Miami, Florida, from 7:00 A.M. until 7:00 P.M., on Tuesday, August 18, 2026, including for the purpose of submitting to the qualified electors of the City of Miami for their approval or disapproval of the ballot question provided below ("Question"): "Shall the City enter into a management agreement with Global Spectrum L.P. to activate and manage events at the Historic Miami Marine Stadium and Flex Park, 3501 Rickenbacker Causeway, Miami, FL 33149, as follows: • City receives 93% of gross sales of all events after deducting a $33,333 monthly management fee • City receives 85% of sponsorship revenues • 40 year term • Global Spectrum to pay the City up to $10,000,000 towards the restoration of Historic Marine Stadium?" Section 3. The Special Election shall be held at the polling places in the precincts designated, all as shown on the list attached hereto and made a part hereof and referred to as Exhibit "A" or as may be designated by the Supervisor of Elections of Miami -Dade County, Florida ("Supervisor"), in conformity with the provisions of the general laws of the State of Florida ("State"). The Precinct Election Clerks and Inspectors to serve at said polling places on said Special Election date shall be those designated by the Supervisor of Elections of Miami -Dade County, Florida, for such purpose in accordance with the general laws of the State. A description of the registration books and records which pertain to Special Election precincts wholly or partly within the City and which the City is adopting and desires to use for holding such Special Election is all voter information cards, registration books, records and certificates pertaining to electors of the City and established and maintained as official by the Supervisor of Elections of Miami -Dade County, Florida, in conformity with the provisions of the general laws of the State, are hereby adopted and declared to be, and shall hereafter be recognized and accepted as, official registration cards, books, records and certificates of the City. Section 4. In compliance with Section 100.342, Florida Statutes (2024), regarding any Referendum Special Election not otherwise provided for there shall be at least thirty (30) days' notice of the Referendum Special Election by publication in a newspaper of general circulation in the City or publication on Miami -Dade County's website as provided in Section 50.0311, Florida Statutes, or the City's website. The City Clerk is authorized and directed to publish notice of the adoption of this Resolution and of the provisions hereof, at least twice, once in the fifth week and once in the third week prior to the week in which the aforesaid Special Election is to be t►eki, in newspaper(s) of general circulation in the City which notice shall be substantially in the following form: "NOTICE OF SPECIAL ELECTION TO AUTHORIZE A MANAGEMENT AGREEMENT TO BE HELD ON TUESDAY, AUGUST 18, 2026 IN THE CITY OF MIAMI, FLORIDA PURSUANT TO RESOLUTION NO. R-26- Notice is hereby given that a Special Election will be held on Tuesday, August 18, 2026, from 7:00 A.M. until 7:00 P.M. in the City of Miami, Florida, at the polling places in the several Special Election precincts designated by the THIS DOCUMENT IS A SUBSTITUTION TO ORIGINAL. BACKUP ORIGINAL CAN BE SEEN AT END OF THIS DOCUMENT. Supervisor of Elections of Miami -Dade County, Florida, as set forth herein, unless otherwise provided by law, and submitting to the qualified electors of the City of Miami, Florida, the following question: Shall the City enter into a management agreement with Global Spectrum L.P. to activate and manage events at the Historic Miami Marine Stadium and Flex Park, 3501 Rickenbacker Causeway, Miami, FL 33149, as follows: • City receives 93% of gross sales of all events after deducting a $33,333 monthly management fee • City receives 85% of sponsorship revenues • 40 year term • Global Spectrum to pay the City up to $10,000,000 towards the restoration of Historic Marine Stadium?" This Ballot Question asks the electorate to approve a proposed management agreement between the City of Miami and Global Spectrum, L.P. ("Global Spectrum") for operation of the Miami Marine Stadium and Flex Park properties, 3501 Rickenbacker Causeway, with a proposed ten-year initial term and up to three additional ten-year renewals, a $10,000,000.00 capital contribution by Global Spectrum towards the restoration of the Historic Marine Stadium, and a compensation structure consisting of a $33,333 monthly management fee plus incentive fees of 7% of gross event revenues and food and beverage sales, and 15% of sponsorship and premium seating revenue to Global Spectrum, with all other revenues due to the City. By order of the Commission of the City of Miami, Florida. Section 5. The official ballot to be used at said Special Election shall be in full compliance with the laws of the State with respect to vote -by -mail ballots and to the use of the mechanical voting machines or the Computer Election System, and shall be in substantially the following form: Official Ballot Referendum Special Election Miami, Florida Tuesday, August 18, 2026 Approve Management Agreement with Global Spectrum for Historic Miami Marine Stadium and Flex Park M c q N cc Ise wi c.Jr__ Shall the City enter into a management agreement with Global Spectrum L.P. to activate and manage events at the Historic Miami Marine Stadium and Flex Park, 3501 Rickenbacker Causeway, Miami, FL 33149, as follows: • City receives 93% of gross sales of all events after deducting a $33,333 monthly management fee • City receives 85% of sponsorship revenues • 40 year term THIS DOCUMENT IS A SUBSTITUTION TO ORIGINAL. BACKUP ORIGINAL CAN BE SEEN AT END OF THIS DOCUMENT. • Global Spectrum to pay the City up to $10,000,000 towards the restoration of Historic Marine Stadium? YES NO Section 6. The form of the ballot shall be in accordance with requirements of general election laws. Electors desiring to vote in approval of the Question described above shall be instructed to vote their selection next to the word "YES" within the ballot containing the statement relating to the Question. Electors desiring to vote to disapprove the Question shall be instructed to vote their selection next to the word "NO" within the ballot containing the statement relating to the Question. Once individuals are satisfied with their choice, they shall press the' 'Vote" button and the ballot shall be cast. Section 7. The City Clerk shall cause to be prepared vote -by -mail ballots containing the Question set forth in Section 5 above for the use of vote -by -mail electors entitled to cast such ballots in said Special Election. Section 8. All qualified electors of the City shall be permitted to vote in said Special Election and the Supervisor of Elections of Miami -Dade County, Florida, is hereby requested, authorized, and directed to fumish, at the cost and expense of the City, a list of all qualified electors residing in the City as shown by the registration books and records of the Office of said Supervisor of Elections and duly certify the same for delivery to and for use by the election officials designated to serve at the respective polling places in said special election precincts. Section 9. For the purpose of enabling persons to register who are qualified to vote in said Special Election on Tuesday, August 18, 2026, and who have not registered under the provisions of the general laws of the State and Chapter 16 of the Code of the City of Miami, Florida, or who have transferred their legal residence from one voting precinct to another in the City, they may register Monday through Friday, from 8:00 A.M. to 5:00 P.M. at the Miami -Dade County Elections Department located at 2700 Northwest 87th Avenue, Miami, Florida, within such period of time as may be designated by the Supervisor. In addition to the above place and times, qualified persons may register at such branch offices and may also register to vote online for the purpose of voting in the herein described Special Election on such times and on such dates as may be designated by the Supervisor of Elections of Miami -Dade County, Florida. Section 10. Todd B. Hannon, the City Clerk of the City of Miami, Florida, or his duly appointed successor, is hereby designated and appointed as the official representative of the Commission of the City of Miami, Florida, in all transactions with the Supervisor related to matters pertaining to the use of the registration books and the holding of said Special Election. Section 11. The City Clerk shall deliver a certified copy of this Resolution to the Supervisor not Tess than forty-five (45) days prior to the date of the Special Election. Section 12. Subject to approval by the majority of the electorate, the City Manager is hereby authorized' to negotiate and execute a management agreement, in a form 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. THIS DOCUMENT IS A SUBSTITUTION TO ORIGINAL. BACKUP ORIGINAL CAN BE SEEN AT END OF THIS DOCUMENT. acceptable to the City Attorney, with Global Spectrum in accordance with the terms and conditions provided herein. Section 13. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.2 APPROVED AS TO FORM AND CORRECTNESS: rn co N co W 2 If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective immediately upon override of the veto by the City Commission. City of Miami Legislation Resolution File Number: 18855 SUBSTITUTED City Hall 3500 Pan American Driv Miami, FL 33133 www.miamigov. Final Acti • Date: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT APPROVING, SETTING FORTH AND SUBMITTING TO THE ELECTORA THEIR APPROVAL OR DISAPPROVAL THE FOLLOWING REFEREND QUESTION: "SHALL THE CITY ENTER INTO A MANAGEMENT AG GLOBAL SPECTRUM L.P. TO ACTIVATE AND MANAGE EVENTS RESTORED MIAMI MARINE STADIUM AND FLEX PARK, 3501 CAUSEWAY, MIAMI, FL 33149, AS FOLLOWS: CITY RECEIVE SALES OF ALL EVENTS AFTER DEDUCTING A $33,333 MO FEE, CITY RECEIVES 85% OF SPONSORSHIP REVENUE GLOBAL SPECTRUM TO PAY THE CITY UP TO $10,000 RESTORATION OF HISTORIC MARINE STADIUM?"; C REFERENDUM SPECIAL ELECTION AND PROVIDI QUESTION WILL BE SUBMITTED TO THE ELECT SPECIAL ELECTION TO BE HELD CONCURRE ELECTION SCHEDULED FOR AUGUST 18, 20 THE CITY CLERK AS THE OFFICIAL REPRE COMMISSION WITH RESPECT TO THE U AND RECORDS; FURTHER DIRECTING COPY OF THE HEREIN RESOLUTION OF ELECTIONS OF MIAMI-DADE CO FIVE (45) DAYS PRIOR TO THE D IMMEDIATE EFFECTIVE DATE F ), FOR BALLOT MENT WITH THE KENBACKER 93% OF GROSS HLY MANAGEMENT , 40 YEAR TERM, 00 TOWARDS THE LING FOR A THAT THE BALLOT ATE AT THE REFERENDUM Y WITH THE GENERAL ; DESIGNATING AND APPOINTING NTATIVE OF THE CITY OF VOTER REGISTRATION BOOKS E CITY CLERK TO CAUSE A CERTIFIED BE DELIVERED TO THE SUPERVISOR TY, FLORIDA, NOT LESS THAN FORTY - OF SUCH ELECTION; PROVIDING AN THIS RESOLUTION. WHEREAS, the City of Mi i ("City") owns the real property located at 3501 Rickenbacker Causeway, Mia Florida 33149, commonly known as Miami Marine Stadium and Flex Park (the "Property" and WHEREAS, the C. requires professional management and operational services for the Miami Marine Stadium, irginia Key Center, and Flex Park (collectively, the "Services"); and WHEREAS •n January 31, 2025, the Department of Procurement ("Procurement") issued Request f• Proposals No. 1926386 for Management of the Miami Marine Stadium, and Flex Park to es . •Iish one or more contracts for the Services; and WH ' - EAS, at the conclusion of the solicitation process, Global Spectrum, L.P. d/b/a OVG360 lobal Spectrum") was selected for award as the highest -ranked, responsive, and respon ' • le Proposer; and WHEREAS, the City Commission is considering approval of a management agreement ith Global Spectrum for operation of the Property, with a proposed ten-year initial term and up to three additional ten-year renewals, a Ten Million Dollar ($10,000,000.00) capital contribution by Global Spectrum, and a compensation structure consisting of a Four Hundred Thousand Dollar ($400,000.00) annual base fee plus incentive fees equal to Seven Percent (7%) of gross SUBSTITUTED event revenues and food and beverage sales, and Fifteen Percent (15%) of sponsorship and premium seating revenue, with all other revenues due to the City; and WHEREAS, Section 3(f)(iii) of the Charter of the City of Miami, Florida, as amended ("City Charter"), permits the City to contract for the management of City -owned waterfront property only if specified conditions are met, including that the contract does not exceed ' e (5) years and contains no automatic renewal or termination penalty; and WHEREAS, under Section 3(f)(iii), any lease or management agreement, extension or modification of such agreement, that does not meet each of those invalid unless first approved by a majority of City voters; and any nditions is WHEREAS, because the contemplated management agreement p-•vides for a term exceeding five (5) years, it does not satisfy all conditions in Section 3(f) " and therefore requires voter approval prior to becoming valid and effective; and WHEREAS, Section 6 of the Charter authorizes the City C► mission to submit measures to the electorate for approval or disapproval at a referdum; and WHEREAS, the City Commission finds it in the publi electors of the City the question of whether the City shoul agreement for Miami Marine Stadium and Flex Park on nterest to submit to the qualified nter into the proposed management e material terms stated above; and WHEREAS, pursuant to Sections 3(f)(iii) an• • of the City Charter, the City Commission submits this question to seek the voter approval r: • uired to validate the proposed management agreement for Miami Marine Stadium and Flex rk, because the management agreement concerns City -owned waterfront property and . s a term exceeding five (5) years; and WHEREAS, upon voter approval, e City Commission may authorize the City Manager to finalize and execute the managemen .greement in a form acceptable to the City Attorney, consistent with the material terms pre - nted to the electorate; and WHEREAS, the City inten the Miami Marine Stadium, whi contributions, or issuance of to develop and implement a financing plan to reconstruct could include, but is not limited to, bank loans, general fund neral and/or special obligation debt instruments; and WHEREAS, the C intends to have Global Spectrum manage and operate Miami Marine Stadium and FI: Park under a management agreement contemplated herein, without any commitment to ntain the agreement for the full potential term or to exercise any renewal option, and, if Glob. Spectrum's operational experience indicates that additional activation would enhance p •lic use and increase revenues to the City, the City may during the term consider modi g or replacing the arrangement, including by entering into a separate agreement, ich may include a lease, to provide further capital improvements, subject to applicable • ovisions of the City Charter, all other applicable law, and, if required, approval by the elect. at a separate referendum; and WHEREAS, approval of this ballot question does not constitute approval of any future lea- or capital improvement program for the site, and any such proposal shall be presented to t City Commission for consideration in accordance with applicable law and, if required by pplicable provisions of the City Charter, submitted to the electors at a separate referendum; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: SUBSTITUTED 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. In accordance with the provisions of Section 3(f)(iii) and 6 of the City Cha a Referendum Special Election is being called and directed to be held in the City of Miami Florida, from 7:00 A.M. until 7:00 P.M., on Tuesday, August 18, 2026, including for the p pose of submitting to the qualified electors of the City of Miami for their approval or disappro .I of the ballot question provided below ("Question"): "Shall the City enter into a management agreement with Global Spectru ► .P. to activate and manage events at the Restored Miami Marine Stadium and Flex ' : rk, 3501 Rickenbacker Causeway, Miami, FL 33149, as follows: • City receives 93% of gross sales of all events after dedu g a $33,333 monthly management fee • City receives 85% of sponsorship revenues • 40 year term • Global Spectrum to pay the City up to $10,000,014 towards the restoration of Historic Marine Stadium?" Section 3. The Special Election shall be held at the designated, all as shown on the list attached hereto and m Exhibit "A" or as may be designated by the Supervisor Florida ("Supervisor"), in conformity with the provisions ("State"). The Precinct Election Clerks and Inspectors Special Election date shall be those designated by County, Florida, for such purpose in accordanc A description of the registration books and recor or partly within the City and which the City is Special Election is all voter information car pertaining to electors of the City and es Elections of Miami -Dade County, Florid State, are hereby adopted and declar official registration cards, books, re ing places in the precincts a part hereof and referred to as Elections of Miami -Dade County, the general laws of the State of Florida serve at said polling places on said e Supervisor of Elections of Miami -Dade ith the general laws of the State. which pertain to Special Election precincts wholly opting and desires to use for holding such , registration books, records and certificates lished and maintained as official by the Supervisor of n conformity with the provisions of the general laws of the to be, and shall hereafter be recognized and accepted as, s and certificates of the City. Section 4. In compliae with Section 100.342, Florida Statutes (2024), regarding any Referendum Special Elect' ' not otherwise provided for there shall be at least thirty (30) days' notice of the Referendu ' pecial Election by publication in a newspaper of general circulation in the City or publicati • on Miami -Dade County's website as provided in Section 50.0311, Florida Statutes, or ' City's website. The City Clerk is authorized and directed to publish notice of the adoption of - Resolution and of the provisions hereof, at least twice, once in the fifth week and once in the third ek prior to the week in which the aforesaid Special Election is to be held, in newspaper(s) ' general circulation in the City which notice shall be substantially in the following form: "NOTICE OF SPECIAL ELECTION TO AUTHORIZE A MANAGEMENT AGREEMENT TO BE HELD ON TUESDAY, AUGUST 18, 2026 IN THE CITY OF MIAMI, FLORIDA PURSUANT TO RESOLUTION NO. R-26- Notice is hereby given that a Special Election will be held on Tuesday, August 18, 2026, from 7:00 A.M. until 7:00 P.M. in the City of Miami, Florida, at the polling places in the several Special Election precincts designated by the SUBSTITUTED Supervisor of Elections of Miami -Dade County, Florida, as set forth herein, unless otherwise provided by law, and submitting to the qualified electors of the City of Miami, Florida, the following question: Shall the City enter into a management agreement with Global Spectrum L.P. to activate and manage events at the Restored Miami Marine Stadium and Flex Park, 3501 Rickenbacker Causeway, Miami, FL 33149, as follows: • City receives 93% of gross sales of all events after deducting $33,333 monthly management fee • City receives 85% of sponsorship revenues • 40 year term • Global Spectrum to pay the City up to $10,000,000 t. ards the restoration of Historic Marine Stadium?" This Ballot Question asks the electorate to approve a prop between the City of Miami and Global Spectrum, L.P. (" of the Miami Marine Stadium and Flex Park properties with a proposed ten-year initial term and up to three $10,000,000.00 capital contribution by Global Spe Historic Marine Stadium, and a compensation management fee plus incentive fees of 7% of beverage sales, and 15% of sponsorship an Spectrum, with all other revenues due to t ed management agreement obal Spectrum") for operation 501 Rickenbacker Causeway, dditional ten-year renewals, a rum towards the restoration of the s cture consisting of a $33,333 monthly oss event revenues and food and premium seating revenue to Global City. By order of the Commissiof the City of Miami, Florida. Section 5. The official ballot with the laws of the State with respect machines or the Computer Election Approve Manag and Flex Park e used at said Special Election shall be in full compliance vote -by -mail ballots and to the use of the mechanical voting stem, and shall be in substantially the following form: Official Ballot Referendum Special Election Miami, Florida Tuesday, August 18, 2026 ent Agreement with Global Spectrum for Restored Miami Marine Stadium Shall the City enter into a management agreement with Global Spectrum L.P. to activate and manage events at the Restored Miami Marine Stadium and Flex Park, 3501 Rickenbacker Causeway, Miami, FL 33149, as follows: • City receives 93% of gross sales of all events after deducting a $33,333 monthly management fee • City receives 85% of sponsorship revenues • 40 year term SUBSTITUTED • Global Spectrum to pay the City up to $10,000,000 towards the restoration of Historic Marine Stadium? YES NO Section 6. The form of the ballot shall be in accordance with requirem: is of general election laws. Electors desiring to vote in approval of the Question describe. =bove shall be instructed to vote their selection next to the word "YES" within the ballot c• aining the statement relating to the Question. Electors desiring to vote to disapprove t Question shall be instructed to vote their selection next to the word "NO" within the ballot co ' aining the statement relating to the Question. Once individuals are satisfied with their choice , ey shall press the' 'Vote" button and the ballot shall be cast. Section 7. The City Clerk shall cause to be prepared ve-by-mail ballots containing the Question set forth in Section 5 above for the use of vote -by- I electors entitled to cast such ballots in said Special Election. Section 8. All qualified electors of the City sh - • e permitted to vote in said Special Election and the Supervisor of Elections of - mi-Dade County, Florida, is hereby requested, authorized, and directed to fumish = the cost and expense of the City, a list of all qualified electors residing in the City as shown by registration books and records of the Office of said Supervisor of Elections and duly certify the ame for delivery to and for use by the election officials designated to serve at the respectiv' polling places in said special election precincts. Section 9. For the purpose of en • ling persons to register who are qualified to vote in said Special Election on Tuesday, Aug 18, 2026, and who have not registered under the provisions of the general laws of e State and Chapter 16 of the Code of the City of Miami, Florida, or who have transferred the legal residence from one voting precinct to another in the City, they may register Monday ' rough Friday, from 8:00 A.M. to 5:00 P.M. at the Miami -Dade County Elections Department 1• -ted at 2700 Northwest 87th Avenue, Miami, Florida, within such period of time as may be de •. nated by the Supervisor. In addition to the above place and times, qualified persons may re•' er at such branch offices and may also register to vote online for the purpose of voting in the -rein described Special Election on such times and on such dates as may be designated b e Supervisor of Elections of Miami -Dade County, Florida. Section 1 appointed succe Commission pertaining t Todd B. Hannon, the City Clerk of the City of Miami, Florida, or his duly or, is hereby designated and appointed as the official representative of the e City of Miami, Florida, in all transactions with the Supervisor related to matters he use of the registration books and the holding of said Special Election. ection 11. The City Clerk shall deliver a certified copy of this Resolution to the Supe► isor not less than forty-five (45) days prior to the date of the Special Election. Section 12. Subject to approval by the majority of the electorate, the City Manager hereby authorized' to negotiate and execute a management agreement, in a form 9 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. SUBSTITUTED acceptable to the City Attorney, with Global Spectrum in accordance with the terms and conditions provided herein. Section 13. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.2 APPROVED AS TO FORM AND CORRECTNESS: 2 If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective immediately upon override of the veto by the City Commission.