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HomeMy WebLinkAboutLegislation-SUB #2City of Miami THIS DOCUMENT IS A SUBSTITUTION TO ORIGINAL. BACKUP ORIGINAL CAN BE SEEN AT END OF THIS DOCUMENT. Resolution R-26-0056 Legislation City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 18855 Final Action Date: 2/12/2026 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, 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, SPONSOR(S): Commissioner Damian Pardo, Commissioner Rolando Escalona111 = WHEREAS, the City of Miami ("City") owns the real property located at 3501—'- N 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 forthe 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 City of Miami Page 1 of 6 File ID: 18855 (Revision: B) Printed On: 4/21/2026 18855 Legislation -SUB #2 THIS DOCUMENT IS A SUBSTITUTION TO ORIGINAL. BACKUP ORIGINAL CAN BE SEEN AT END OF THIS DOCUMENT. File ID: 18855 Enactment Number: R-26-0056 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 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 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 Attoirnm consistent with the material terms presented to the electorate; and c ca r-t _ 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 f1jd 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 hereirn,.witfinut: 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 7.0 r 0 City of Miami Page 2 of 6 File ID: 18855 (Revision: 8,1 Printed on: 4/21/2026 THIS DOCUMENT IS A SUBSTITUTION TO ORIGINAL. BACKUP ORIGINAL CAN BE SEEN AT END OF THIS DOCUMENT. File ID: 18855 Enactment Number: R-26-0056 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: 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, 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 Historic Marine Stadium?" Section 3. The Special Election shall be held at the polling places in the precincts v designated, all as shown on the list attached hereto and made a part hereof and referred to as.r; 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 Floridac- ("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 Miarni-Dadel - 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 held, in newspaper(s) of general circulation in the City which notice shall be substantially in the following form: City of Miami Page 3 of 6 File ID: 18855 (Revision: B) Printed on: 4/21/2026 THIS DOCUMENT IS A SUBSTITUTION TO ORIGINAL. BACKUP ORIGINAL CAN BE SEEN AT END OF THIS DOCUMENT. File ID: 18855 Enactment Number: R-26-0056 "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-26-0056 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 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, 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 c v, _<., Official Ballot Referendum Special Election Miami, Florida Tuesday, August 18, 2026 City of Miami Page 4 of 6 File ID: 18855 (Revision: B) Printed' on: 4/21/2026 THIS DOCUMENT IS A SUBSTITUTION TO ORIGINAL. BACKUP ORIGINAL CAN BE SEEN AT END OF THIS DOCUMENT. File ID: 18855 Enactment Number: R-26-0056 Approve Management Agreement with Global Spectrum for Historic Miami Marine Stadium and Flex Park 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, 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? YES �' 7-0 NO N 0 rV Section 6. The form of the ballot shall be in accordance with requirements of.gtleral election laws. Electors desiring to vote in approval of the Question described above salt 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 City of Miami Page 5 of 6 File ID: 18855 (Revision: B) Printed on: 4/21/2026 THIS DOCUMENT IS A SUBSTITUTION TO ORIGINAL. BACKUP ORIGINAL CAN BE SEEN AT END OF THIS DOCUMENT. File ID: 18855 Enactment Number: R-26-0056 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 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 is hereby authorized) to negotiate and execute a management agreement, in a form 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: g III, C y`Afttor�ey / 2/23/2026 III, C y or ey 4/21/2026 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. 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 Page 6 of 6 File ID: 18855 (Revision: B) Printed on: 4/21/2026 City of Miami Legislation Resolution SUBSTITUTED City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.co File Number: 18855 Final Actio ' ate: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT APPROVING, SETTING FORTH AND SUBMITTING TO THE ELECTORAT THEIR APPROVAL OR DISAPPROVAL THE FOLLOWING REFEREND QUESTION: "SHALL THE CITY ENTER INTO A MANAGEMENT AGR GLOBAL SPECTRUM L.P. TO ACTIVATE AND MANAGE EVENTS RESTORED MIAMI MARINE STADIUM AND FLEX PARK, 3501 RI CAUSEWAY, MIAMI, FL 33149, AS FOLLOWS: CITY RECEIVES 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 PROVIDIN QUESTION WILL BE SUBMITTED TO THE ELECTO SPECIAL ELECTION TO BE HELD CONCURREN ELECTION SCHEDULED FOR AUGUST 18, 202 THE CITY CLERK AS THE OFFICIAL REPRE COMMISSION WITH RESPECT TO THE US AND RECORDS; FURTHER DIRECTING T COPY OF THE HEREIN RESOLUTION T OF ELECTIONS OF MIAMI-DADE CO FIVE (45) DAYS PRIOR TO THE DA IMMEDIATE EFFECTIVE DATE F FOR BALLOT MENT WITH THE ENBACKER 3% OF GROSS HLY MANAGEMENT 40 YEAR TERM, 0 TOWARDS THE ING FOR A HAT THE BALLOT TE AT THE REFERENDUM WITH THE GENERAL DESIGNATING AND APPOINTING TATIVE OF THE CITY OF VOTER REGISTRATION BOOKS 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 Mia ' l ("City") owns the real property located at 3501 Rickenbacker Causeway, Miami lorida 33149, commonly known as Miami Marine Stglium and Flex Park (the "Property)* : nd ^; WHEREAS, the Ci requires professional management and operational services forlhe Miami Marine Stadium, girlie Key Center, and Flex Park (collectively, the "Services"); and-' WHEREAS, • January 31, 2025, the Department of Procurement ("Procurement") v iyt issued Request fo roposals No. 1926386 for Management of the Miami Marine Stadium; dnd Flex Park to est- , ish one or more contracts for the Services; and WH ' AS, at the conclusion of the solicitation process, Global Spectrum, L.P. d/b/3 OVG360 " - Iobal Spectrum") was selected for award as the highest -ranked, responsive, and respons' ' e Proposer; and WHEREAS, the City Commission is considering approval of a management agreement h Global Spectrum for operation of the Property, with a proposed ten-year initial term and up o 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 `1 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 fiv years and contains no automatic renewal or termination penalty; and WHEREAS, under Section 3(f)(iii), any lease or management agreement, or . y extension or modification of such agreement, that does not meet each of those co itions is invalid unless first approved by a majority of City voters; and WHEREAS, because the contemplated management agreement pro exceeding five (5) years, it does not satisfy all conditions in Section 3(f)(iii) requires voter approval prior to becoming valid and effective; and es for a term d therefore WHEREAS, Section 6 of the Charter authorizes the City Co ission to submit measures to the electorate for approval or disapproval at a referen m; and (5) WHEREAS, the City Commission finds it in the public i ► =rest to submit to the qualified electors of the City the question of whether the City should e ' er into the proposed management agreement for Miami Marine Stadium and Flex Park on th aterial terms stated above; and WHEREAS, pursuant to Sections 3(f)(iii) and 6 the City Charter, the City Commission submits this question to seek the voter approval req ed to validate the proposed management agreement for Miami Marine Stadium and Flex Pa ' , because the management agreement concems City -owned waterfront property and h. a term exceeding five (5) years; and WHEREAS, upon voter approval, th to finalize and execute the management a consistent with the material terms prese ity Commission may authorize the City Manager eement in a form acceptable to the City Attorney, ed to the electorate; and WHEREAS, the City intends • develop and implement a financing plan to reconstruct the Miami Marine Stadium, which ' •uld include, but is not limited to, bank loans, general fund contributions, or issuance of ge : ral and/or special obligation debt instruments; and WHEREAS, the City " tends to have Global Spectrum manage and operate Miami Marine Stadium and Flex - rk under a management agreement contemplated herein, without any commitment to mai in the agreement for the full potential term or to exercise any renewal option, and, if Global - • ectrum's operational experience indicates that additional activation would enhance pub use and increase revenues to the City, the City may during the teen A, consider modifyin • or replacing the arrangement, including by entering into a separate agreement, whi • may include a lease, to provide further capital improvements, subject to �r7 applicable p • sions of the City Charter, all other applicable law, and, if required, approval b.77,40�-� the electors • a separate referendum; and ry 0 EREAS, approval of this ballot question does not constitute approval of any future '. lease capital improvement program for the site, and any such proposal shall be presentedto the ', ty Commission for consideration in accordance with applicable law and, if required by:. a. • 'cable provisions of the City Charter, submitted to the electors at a separate refereed um 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 Charte 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 pu • •se of submitting to the qualified electors of the City of Miami for their approval or disapprov- •f the ballot question provided below ("Question"): "Shall the City enter into a management agreement with Global Spectrum . to activate and manage events at the Restored Miami Marine Stadium and Flex Pa ' , 3501 Rickenbacker Causeway, Miami, FL 33149, as follows: • City receives 93% of gross sales of all events after deductina $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 •wards the restoration of Historic Marine Stadium?" Section 3. The Special Election shall be held at the poll' designated, all as shown on the list attached hereto and made Exhibit "A" or as may be designated by the Supervisor of Florida ("Supervisor"), in conformity with the provisions of ("State"). The Precinct Election Clerks and Inspectors to Special Election date shall be those designated by th County, Florida, for such purpose in accordance w A description of the registration books and records or partly within the City and which the City is a Special Election is all voter information cards pertaining to electors of the City and estab Elections of Miami -Dade County, Florida, i State, are hereby adopted and declared official registration cards, books, record g places in the precincts part hereof and referred to as ctions of Miami -Dade County, e general laws of the State of Florida erve at said polling places on said upervisor of Elections of Miami -Dade the general laws of the State. ich pertain to Special Election precincts wholly ting and desires to use for holding such egistration books, records and certificates hed and maintained as official by the Supervisor of nformity with the provisions of the general laws of the , and shall hereafter be recognized and accepted as, nd certificates of the City. Section 4. In complian p- ith Section 100.342, Florida Statutes (2024), regarding any Referendum Special Electio of otherwise provided for there shall be at least thirty (30) days' notice of the Referendum •eclat Election by publication in a newspaper of general circulation in the City or publication ' Miami -Dade County's website as provided in Section 50.0311, Florida Statutes, or the ity's website. The City Clerk is authorized and directed to publish notice of the adoption of this ' - • lution and of the provisions hereof, at least twice, once in the fifth week and once in the third - : prior to the week in which the aforesaid Special Election is to be held, in newspaper(s) of neral circulation in the City which notice shall be substantially in the following form: f ►V "NOTICE OF SPECIAL ELECTION ; ti TO AUTHORIZE A MANAGEMENT AGREEMENT TO BE HELD ON cc, Yi .7: TUESDAY, AUGUST 18, 2026 -., _' IN THE CITY OF MIAMI, FLORIDA c'::+ 1,0 ru 7 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 -77 _rc 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 towds the restoration of Historic Marine Stadium?" This Ballot Question asks the electorate to approve a propo between the City of Miami and Global Spectrum, L.P. ("GI of the Miami Marine Stadium and Flex Park properties, with a proposed ten-year initial term and up to three a $10,000,000.00 capital contribution by Global Spect Historic Marine Stadium, and a compensation stru management fee plus incentive fees of 7% of gr beverage sales, and 15% of sponsorship and Spectrum, with all other revenues due to the d management agreement al Spectrum") for operation 1 Rickenbacker Causeway, tonal ten-year renewals, a towards the restoration of the re consisting of a $33,333 monthly s event revenues and food and emium seating revenue to Global ity. By order of the Commission •f the City of Miami, Florida. Section 5. The official ballot to with the laws of the State with respect to machines or the Computer Election Approve Managem and Flex Park used at said Special Election shall be in full compliance y-mail ballots and to the use of the mechanical voting em, and shall be in substantially the following form: Official Ballot Referendum Special Election Miami, Florida Tuesday, August 18, 2026 N 4 v--------------------- t Agreement with Global Spectrum for Restored Miami Marine -Stadium c-s -� 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 requiremen of general election laws. Electors desiring to vote in approval of the Question described - ' •ve shall be instructed to vote their selection next to the word "YES" within the ballot con ning the statement relating to the Question. Electors desiring to vote to disapprove the 'A uestion shall be instructed to vote their selection next to the word "NO" within the ballot con - ing the statement relating to the Question. Once individuals are satisfied with their choice, shall press the "Vote" button and the ballot shall be cast. Section 7. The City Clerk shall cause to be prepared vo Question set forth in Section 5 above for the use of vote -by -ma ballots in said Special Election. Section 8. All qualified electors of the City shall Special Election and the Supervisor of Elections of Mi hereby requested, authorized, and directed to fumish, a qualified electors residing in the City as shown by the said Supervisor of Elections and duly certify the officials designated to serve at the respective y-mail ballots containing the ectors entitled to cast such permitted to vote in said i-Dade County, Florida, is e cost and expense of the City, a list of all 'station books and records of the Office of e for delivery to and for use by the election (ling places in said special election precincts. Section 9. For the purpose of ena • g persons to register who are qualified to vote in said Special Election on Tuesday, August :, 2026, and who have not registered under the provisions of the general laws of th tate and Chapter 16 of the Code of the City of Miami, Florida, or who have transferred their - • al residence from one voting precinct to another in the City, they may register Monday th . ugh Friday, from 8:00 A.M. to 5:00 P.M. at the Miami -Dade County Elections Department I. •. - • at 2700 Northwest 87th Avenue, Miami, Florida, within such period of time as may be desi• - :ted by the Supervisor. In addition to the above place and times, qualified persons may regist - at such branch offices and may also register to vote online for the purpose of voting in the h - - in described Special Election on such times and on such dates as may be designated by t Supervisor of Elections of Miami -Dade County, Florida. `- Section 10. odd B. Hannon, the City Clerk of the City of Miami, Florida, or his duly appointed su••:. • , is hereby designated and appointed as the official representative of the 7 Commission of t City of Miami, Florida, in all transactions with the Supervisor related to matters pertaining to t► use of the registration books and the holding of said Special Election. i `'' S - ion 11. The City Clerk shall deliver a certified copy of this Resolution to the Supers/ • r not less than forty-five (45) days prior to the date of the Special Election. -17 cil Section 12. Subject to approval by the majority of the electorate, the City Manager is ereby authorized' to negotiate and execute a management agreement, in a form ' 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. rri I 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. City of Miami Resolution R-26-0056 Legislation SUBSTITUTED City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.co File Number: 18855 Final Action Date: 2/ /2026 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTAC APPROVING, SETTING FORTH AND SUBMITTING TO THE ELEC FOR THEIR APPROVAL OR DISAPPROVAL THE FOLLOWING REFERENDUM BALLOT QUESTION: "SHALL THE CITY ENTE MANAGEMENT AGREEMENT WITH GLOBAL SPECTRUM AND MANAGE EVENTS AT THE HISTORIC MIAMI MARIN FLEX PARK, 3501 RICKENBACKER CAUSEWAY, MIAMI CITY RECEIVES 93% OF GROSS SALES OF ALL EVE DEDUCTING A $33,333 MONTHLY MANAGEMENT F 85% OF SPONSORSHIP REVENUES, 40 YEAR T TO PAY THE CITY UP TO $10,000,000 TOWARD HISTORIC MARINE STADIUM?"; CALLING FO ELECTION AND PROVIDING THAT THE BA SUBMITTED TO THE ELECTORATE AT T ELECTION TO BE HELD CONCURRENT SCHEDULED FOR AUGUST 18, 2026; CITY CLERK AS THE OFFICIAL REP COMMISSION WITH RESPECT TO BOOKS AND RECORDS; FURTH CAUSE A CERTIFIED COPY 0 DELIVERED TO THE SUPER COUNTY, FLORIDA, NOT THE DATE OF SUCH EL DATE FOR THIS RESO ENT(S), RATE INTO A . TO ACTIVATE STADIUM AND L, AS FOLLOWS: S AFTER E, CITY RECEIVES , GLOBAL SPECTRUM THE RESTORATION OF A REFERENDUM SPECIAL T QUESTION WILL BE REFERENDUM SPECIAL WITH THE GENERAL ELECTION SIGNATING AND APPOINTING THE SENTATIVE OF THE CITY HE USE OF VOTER REGISTRATION DIRECTING THE CITY CLERK TO HE HEREIN RESOLUTION TO BE SOR OF ELECTIONS OF MIAMI-DADE SS THAN FORTY-FIVE (45) DAYS PRIOR TO TION; PROVIDING AN IMMEDIATE EFFECTIVE TION. SPONSOR(S): Commission: Damian Pardo, Commissioner Rolando Escalona WHEREAS, the Ci of Miami ("City") owns the real property located at 3501 r Rickenbacker Causewa , Miami, Florida 33149, commonly known as Miami Marine Stadium 0 and Flex Park (the "Pr •erty"); and h' WHEREA , the City requires professional management and operational services v.:the `3 D Miami Marine S dium,-Virginia Key Center, and Flex Park (collectively, the "Service$"); and .; WH - ' EAS, on January 31, 2025, the Department of Procurement ("Procurerent")� issued Reest for Proposals No. 1926386 for Management of the Miami Marine Stadium, and Flex Pa 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 0 360 ("Global Spectrum") was selected for award as the highest -ranked, responsive, and sponsible Proposer; and City of Miami Page 1 of 6 File ID: 18855 (Revision: B) Printed On: 4/21/2026 SUBSTITUTED File ID: 18855 Enactment Number: R-26-0056 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 contributio 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 • oss event revenues and food and beverage sales, and Fifteen Percent (15%) of sponsorshi• nd 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 ended ("City Charter"), permits the City to contract for the management of City -owned .terfront property only if specified conditions are met, including that the contract does exceed five (5) years and contains no automatic renewal or termination penalty; and WHEREAS, under Section 3(f)(iii), any lease or management a extension or modification of such agreement, that does not meet eac invalid unless first approved by a majority of City voters; and ement, or any f those conditions is WHEREAS, because the contemplated management a• ' -ement provides for a term exceeding five (5) years, it does not satisfy all conditions in S: ion 3(f)(iii) and therefore requires voter approval prior to becoming valid and effectiv and WHEREAS, Section 6 of the Charter authorizes e City Commission to submit measures to the electorate for approval or disapprov- .t a referendum; and WHEREAS, the City Commission finds it i electors of the City the question of whether the agreement for Miami Marine Stadium and Fle he public interest to submit to the qualified ty should enter into the proposed management ark on the material terms stated above; and WHEREAS, pursuant to Sections f)(iii) and 6 of the City Charter, the City Commission submits this question to seek the voter •proval required to validate the proposed management agreement for Miami Marine Stadium . nd Flex Park, because the management agreement concerns City -owned waterfront pr• ,erty and has a term exceeding five (5) years; and WHEREAS, upon voter •proval, the City Commission may authorize the City Manager to finalize and execute the m - agement agreement in a form acceptable to the City Atto rbey;:1 consistent with the material -rms presented to the electorate; and fTh WHEREAS, the ity intends to develop and implement a financing plan to reconstr1 the Miami Marine St- ' um, which could include, but is not limited to, bank loans, general fu contributions, or is - nce of general and/or special obligation debt instruments; and --, WHER S, the City intends to have Global Spectrum manage and operate Miami - Marine Stadi and Flex Park under a management agreement contemplated herein, without any comm i ent to maintain the agreement for the full potential term or to exercise any refrewal option, a • , if Global Spectrum's operational experience indicates that additional activation would = ance public use and increase revenues to the City, the City may during the term cons!' -r modifying or replacing the arrangement, including by entering into a separate agr ment, which may include a lease, to provide further capital improvements, subject to a ' • licable provisions of the City Charter, all other applicable law, and, if required, approval by e electors at a separate referendum; and City of Miami Page 2 of 6 File ID: 18855 (Revision: B) Printed on: 4/21/2026 SUBSTITUTED File ID: 18855 Enactment Number: R-26-0056 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 referendu NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY 0 MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resution 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 • .f the City Charter, a Referendum Special Election is being called and directed to be held in t' - City of Miami, Florida, from 7:00 A.M. until 7:00 P.M., on Tuesday, August 18, 2026, i uding for the purpose of submitting to the qualified electors of the City of Miami for their app •val or disapproval of the ballot question provided below ("Question"): "Shall the City enter into a management agreement with .lobal Spectrum L.P. to activate and manage events at the Historic Miami Marine Sta• m and Flex Park, 3501 n Rickenbacker Causeway, Miami, FL, as follows: -1 • City receives 93% of gross sales of all e nts after deducting a $33,3331 monthly management fee • City receives 85% of sponsorship re - nues • 40 year term • Global Spectrum to pay the City Historic Marine Stadium?" Section 3. The Special Election sh designated, all as shown on the list attache Exhibit "A" or as may be designated by Florida ("Supervisor"), in conformity w ("State"). The Precinct Election Clerk Special Election date shall be tho County, Florida, for such purpo A description of the registratio or partly within the City and Special Election is all vot pertaining to electors o Elections of Miami -Da State, are hereby ad official registration 0 ry ,1 to $10,000,000 towards the restoration 0,440 e held at the polling places in the precincts' ' �1 ereto and made a part hereof and referred to as e Supervisor of Elections of Miami -Dade County, the provisions of the general laws of the State of Florida and Inspectors to serve at said polling places on said designated by the Supervisor of Elections of Miami -Dade in accordance with the general laws of the State. oks and records which pertain to Special Election precincts wholly ich the City is adopting and desires to use for holding such nformation cards, registration books, records and certificates he City and established and maintained as official by the Supervisor of County, Florida, in conformity with the provisions of the general laws of the ted and declared to be, and shall hereafter be recognized and accepted as, rds, books, records and certificates of the City. Secti• 4. In compliance with Section 100.342, Florida Statutes (2024), regarding any Referend Special Election not otherwise provided for there shall be at least thirty (30) days' notice o e Referendum Special Election by publication in a newspaper of general circulation in the Ity or publication on Miami -Dade County's website as provided in Section 50.0311, Flor - a Statutes, or the City's website. The City Clerk is authorized and directed to publish notice of e adoption of this Resolution and of the provisions hereof, at least twice, once in the fifth week and ce in the third week prior to the week in which the aforesaid Special Election is to be held, in newspaper(s) of general circulation in the City which notice shall be substantially in the following form: City of Miami Page 3 of 6 File ID: 18855 (Revision: B) Printed on: 4/21/2026 File ID: 18855 SUBSTITUTED Enactment Number: R-26-0056 "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-26-0056 Notice is hereby given that a Special Election will be held on Tuesday, A st 18, 2026, from 7:00 A.M. until 7:00 P.M. in the City of Miami, Florida, a e polling places in the several Special Election precincts designated by e Supervisor of Elections of Miami -Dade County, Florida, as set fort herein, unless otherwise provided by law, and submitting to the q of the City of Miami, Florida, the following question: ified electors Shall the City enter into a management agreement with ' obal Spectrum L.P. to activate and manage events at the Historic Mia- !Marine Stadium and Flex Park, 3501 Rickenbacker Causeway, Mia FL, as follows: • City receives 93% of gross sales of all ev= is after deducting a $33,333 monthly management fee • City receives 85% of sponsorship revenue • 40 year term • Global Spectrum to pay the City u• to $10,000,000 towards the restoration of Historic Marine Stadium?" This Ballot Question asks the elector between the City of Miami and Glo of the Miami Marine Stadium and with a proposed ten-year initial $10,000,000.00 capital contri Historic Marine Stadium, a management fee plus inc beverage sales, and 15 Spectrum, with all of Section with the laws of machines or t By o to approve a proposed management agreement Spectrum, L.P. ("Global Spectrum") for operation ex Park properties, 3501 Rickenbacker Causeway, rm and up to three additional ten-year renewals, a tion by Global Spectrum towards the restoration of the a compensation structure consisting of a $33,333 monthly tive fees of 7% of gross event revenues and food and of sponsorship and premium seating revenue to Global r revenues due to the City. er of the Commission of the City of Miami, Florida. 5 The official ballot to be used at said Special Election shall be in full compliance e State with respect to vote -by -mail ballots and to the use of the mechanical voting Computer Election System, and shall be in substantially the following form: Official Ballot Referendum Special Election Miami, Florida Tuesday, August 18, 2026 7-7 City of Miami Page 4 of 6 File ID: 18855 (Revision: B) Printed on: 4/21/2026 rri SUBSTITUTED File ID: 18855 Enactment Number: R-26-0056 Approve Management Agreement with Global Spectrum for Historic Miami Marine Stadium and Flex Park Shall the City enter into a management agree ent with Global Spectrum L.P. to activate and age events at the Historic Miami Marine Stadi and Flex Park, 3501 Rickenbacker Causew. , Miami, FL, as follows: • City receives 93% of gross es of all events after deducting a $33,333 onthly management fee • City receives 85% of s •nsorship revenues • 40 year term • Global Spectrum t► pay the City up to $10,000,000 towards th- restoration of Historic Marine Stadium? YES NO Section 6. The form of the ballot shall be i►-ccordance with requirements of general' election laws. Electors desiring to vote in approv of the Question described above shall be instructed to vote their selection next to the w• • "YES" within the ballot containing the statement relating to the Question. Electors d: -ling to vote to disapprove the Question shall 1447/ instructed to vote their selection next to the ord "NO" within the ballot containing the statement relating to the Question. Once individuals , e satisfied with their choice, they shall press the "Vote" button and the ballot shall be cast. Section 7. The City Clerk all cause to be prepared vote -by -mail ballots containing the Question set forth in Section 5 a, • ve for the use of vote -by -mail electors entitled to cast such ballots in said Special Election Section 8. All qua ' ed electors of the City shall be permitted to vote in said Special Election and the . upervisor of Elections of Miami -Dade County, Florida, is hereby requested, au ed, and directed to fumish, at the cost and expense of the City, a list of all qualified electors res' ' ng in the City as shown by the registration books and records of the Office of said Supervisor of lections and duly certify the same for delivery to and for use by the election officials design- -d to serve at the respective polling places in said special election precincts. Sec ' • n 9. For the purpose of enabling persons to register who are qualified to vote in said S• - ' Election on Tuesday, August 18, 2026, and who have not registered under the pro - ions of the general laws of the State and Chapter 16 of the Code of the City of Miami, Florid. , or who have transferred their legal residence from one voting precinct to another in the City ey may register Monday through Friday, from 8:00 A.M. to 5:00 P.M. at the Miami -Dade C- my Elections Department located at 2700 Northwest 87th Avenue, Miami, Florida, within such eriod 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 City of Miami Page 5 of 6 File ID: 18855 (Revision: B) Printed on: 4/21/2026 SUBSTITUTED File ID: 18855 Enactment Number: R-26-0056 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 m -rs 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 t 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 Manager is hereby authorized) to negotiate and execute a management agreement, ' a form acceptable to the City Attorney, with Global Spectrum in accordance with e terms and conditions provided herein. Section 13. This Resolution shall become effective immedi. -ly upon its adoption and signature of the Mayor.2 APPROVED AS TO FORM AND CORRECTNESS: Wy j ng III, C y or •y 2/23/2026 ge . Wy ng III, C y - or y 4/21/2026 r- rrZ a7 1 The ' - rein authorization is further subject to compliance with all legal requirements that may be imp• -ed, including, but not limited to, those prescribed by applicable City Charter and City Code prisions. 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. O tV — -J rrj cn City of Miami Page 6 of 6 File ID: 18855 (Revision: B) Printed on: 4/21/2026