HomeMy WebLinkAboutMemo - MSEAsports & exhibition authority
August 3, 2016
To; Honorable Mayor Tonlas Regalado
and Men -fibers of the City Commission
Subject: Approval of the
Miarni Sports and Exhibition
Authority 20.16-2017 Operating
Budget, for City Commission
meeting of
From: Lourdes Blanco
Executive Director
RECOIMMENDATION.
It is respectfully recommended that the City Commission approve the Miami Sports and
Exhibition Authority Operating Budget for Fiscal Year 2016-2017.
BACKGROUND;
The Miami Sports and Exlubil..ion Authority (MSEA) was established in 1983, pursuant to
Florida Statute 212.057, as an independent and autonomous agency and instrumentality of
the City of Miami. MSEA was created to promote sports, conventions and exhibitions and
to strive to generate conununity support to achieve this purpose. It was further given the
authority to exercise any power usually possessed by private corporations performing
similar functions that are not in conflict witlti the Florida constitution or law.
In the past ten years, MSEA has successfully auctioned off the Miami Arena and otlier
associated properties, reaping over $36,001,00 froln the sales as well as returning those
properties to etre tax rolls. MSEA continues to serve the community as the landlord of
the Children's Museum, the heliport and seaplane operations at Watson Island. Recently,
the phase I of the construction project of the Watson Island Heliport. was completed. The zoning
changes were granted to the Chalk's/Nautilus Sea Plane Base for this project to be able to begin
MIAMI SPORTS & EXHIBITION AUTHORITY
3500 Pan American Drive, Miami, FL 33133 / (305) 416-1105
sports & exhibition authority
their construction please, quid they have presented to MSEA Board of Directors preliminary
construction plans. In 2016 through 2017 MSEA will continue to supervise both construction
projects.
Your approval of the attached budget will enable MSEA to fulfill its lu-uidate.
The budget was unw-ilmously approved by the MSEA Boma d of Directors at its August 2°d, 2016,
Special meeting, and I would respectfully request that m
you do the sae.
Thank you in advance for your assistance,
Y,
L"" tea
Blanco
Director
Attachillerlts,
resolution
Budget
MIAMI SPORTS & EXEMITION AUTHORITY
3500 Pan American Drive, Miami, 1+L 33133 / (305) 416-1105