HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM
FILE ID: - _ 15-01487
Date: 11/23/2015 Requesting Department: Department of Real Estate and Asset Management
Commission Meeting Date: 12/10/2015 District Impacted: 3 Law Department
Type: M Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item Matter ID No.
14-1751
❑ Other
Subject: Management Agreement with Miami Dade College for the continued management of the Tower
Theatre
Purpose of Item:
A Resolution of the City of Miami Commission, with attachment(s), authorizing the City Manager to execute a
Management Agreement, in substantially the attached form, with Miami Dade College for the continued
management of the City -owned Property located at 1508 Southwest 8 Street, Miami, FL A/K/A Tower Theatre
with a term of five (5) years and options to extend for two (2) additional five-year periods, with terms and
conditions more particularly set forth in the Agreement.
Background Information
Budget Impact Analysis
See Supplemental Sheet.
YES Is this item related to revenue?
NO Is this item an expenditure? If so, please identify funding source below.
General Account No:
Special Revenue Account No:
CIP Project No:
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact: $00
CIP N/A
Final Approvals
(SIGN AND DATE) 2
Budget
If using or receiving capital funds
Grants N/A I Risk Management,,
Purchasing
Chief
Dept. Director.
City Manages
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I
Subject: Management Agreement with Miami Dade College for the continued management of the Tower
Theatre
Background Information:
The City of Miami ("City") is the owner of real property located at 1508 Southwest 8 Street, Miami, Florida
a/k/a/ Tower Theatre, ("Property" or "Theatre").
In June 2001, a Request for Letters of Interest ("RFLI") was issued and resulted in Miami Dade College
("MDC") being ranked the highest of the RFLI's five respondents.
On January 2, 2012, the City Commission adopted Resolution No. 02-0036, authorizing the City Manager to
execute a management agreement with MDC for the management of the Theatre. The management
agreement between the City and MDC, as amended, expired on April 30, 2012, with MDC remaining on the
Property on a month-to-month basis.
The City and MDC wish to enter into another Management Agreement ("Agreement") which allows MDC to
continue managing the Theatre for the City.
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