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AGENDA ITEM COVER PAGE
itself IF File ID: #4100
ra ,l'9/ Resolution
Sponsored by: Mayor Francis Suarez, Commissioner Wifredo Gort,
Commissioner Joe Carollo, Commissioner Manolo Reyes
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
SUPPORTING THE EFFORTS TO BRING THE FORMULA 1 RACING CIRCUIT TO THE CITY
OF MIAMI FOR THE FORMULA 1 MIAMI GRAND PRIX FROM 2019 TO 2028, AND DIRECT
THE CITY MANAGER TO FORMALIZE THE NECESSARY CONTRACTUAL AGREEMENT
BETWEEN THE CITY OF MIAMI AND FORMULA ONE WORLD CHAMPIONSHIP LIMITED;
ALSO DIRECTING THAT THE CITY MANAGER NEGOTIATE WITH, AMONG OTHER
ENTITIES AND AGENCIES, MIAMI-DADE COUNTY, THE FLORIDA DEPARTMENT OF
TRANSPORTATION, THE BAYFRONT PARK MANAGEMENT TRUST, PORTMIAMI AND THE
CITY OF MIAMI EMPLOYEE UNION REPRESENTATIVES; FURTHER DIRECTING THE CITY
MANAGER TO NEGOTIATE THE INVOLVEMENT OF MICHAEL GARDNER, AS AN
AFFILIATED PROMOTER FOR THE EVENT.
File Number: 4100
City of Miami
Legislation
Resolution
Enactment Number: R-18-0190
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Final Action Date:5/10/2018
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
SUPPORTING THE EFFORTS TO BRING THE FORMULA 1 RACING CIRCUIT TO
THE CITY OF MIAMI FOR THE FORMULA 1 MIAMI GRAND PRIX FROM 2019 TO
2028, AND DIRECT THE CITY MANAGER TO FORMALIZE THE NECESSARY
CONTRACTUAL AGREEMENT BETWEEN THE CITY OF MIAMI AND FORMULA
ONE WORLD CHAMPIONSHIP LIMITED; ALSO DIRECTING THAT THE CITY
MANAGER NEGOTIATE WITH, AMONG OTHER ENTITIES AND AGENCIES, MIAMI-
DADE COUNTY, THE FLORIDA DEPARTMENT OF TRANSPORTATION, THE
BAYFRONT PARK MANAGEMENT TRUST, PORTMIAMI AND THE CITY OF MIAMI
EMPLOYEE UNION REPRESENTATIVES; FURTHER DIRECTING THE CITY
MANAGER TO NEGOTIATE THE INVOLVEMENT OF MICHAEL GARDNER, AS AN
AFFILIATED PROMOTER FOR THE EVENT.
WHEREAS, the Federation Internationale de I'Automobile ("FIA") Formula One World
Championship (TV) is the pinnacle of motorsport, showcasing high speed, open -wheeled
racing since 1950 for the FIA; and
WHEREAS, F1 is one of the most popular sports in the world with over 500 million fans
globally, hosting twenty-one (21) races across five (5) continents, in locations from Australia to
Shanghai to Monaco to Abu Dhabi; and
WHEREAS, F1 races are broadcast live in over 200 territories worldwide, with a
cumulative audience of 1.8 billion TV viewers each season; and
WHEREAS, F1 has approximately 15 million followers on social media and during the
2017 season was the fastest growing sports brand on social media, generating in excess of 375
million impressions per race; and
WHEREAS, F1 delivers significant economic benefit to its host locations; the Formula 1
United States Grand Prix at the Circuit of the Americas delivered $2.8 billion of total economic
benefit to the Austin, Texas metro area between 2012 and 2015; and
WHEREAS, Formula 1 generates a material uplift in tourism activity and in 2017, on
average over 200,000 people attended each Formula 1 Grand Prix race weekend, including a
large number of international visitors; and
WHEREAS, F1 provides host locations with significant global exposure and media value;
and
WHEREAS, F1 seeks to bring F1 racing, in particular the Formula 1 Miami Grand Prix
("Event"), to the City of Miami ("City') for ten (10) years, from 2019 through 2028, with the first
Event taking place in October 2019; a Summary of Hosting Terms are attached and
incorporated as Attachment "A"; and
WHEREAS, F1 is also negotiating with, among other entities, Miami -Dade County, the
Florida Department of Transportation ("FDOT"), the Bayfront Park Management Trust, and
PortMiami; and
WHEREAS, the City Manager will negotiate with, among other entities and agencies,
Miami -Dade County, FDOT, the Bayfront Park Management Trust, PortMiami, and the City of
Miami ("City") Employee Union Representatives; and
WHEREAS, the City Manager is further directed to negotiate the involvement of Michael
Gardner, as an affiliated promoter of the Event; and
WHEREAS, although each race requires certain specialized trades, the Event will
provide the City with year round and race week employment, as well as volunteer opportunities,
to provide racing enthusiasts with not only the racing event they have come to expect, but the
opportunity to share in the experience; and
WHEREAS, F1 also intends to host a fan festival for the Event, with each race season
designed to draw in tourism, as well as local visitors to enjoy the F1 open -wheel racing
opportunity; and
WHEREAS, hosting an F1 race provides a global platform to demonstrate the talent of
the local community and to promote the City's facilities; and
WHEREAS, the City has a rich history of hosting races in downtown Miami, with this
Event tracking Biscayne Boulevard and Port Miami, providing for minimal road closures and
racing sessions that customarily last approximately one and a half hours each;
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. The City Commission hereby supports the efforts to bring FIA Formula One
World Championship racing to the City of Miami for ten (10) years, from 2019 through 2028,
with the first Formula 1 Miami Grand Prix taking place in October, 2019.
Section 3. The City Commission further directs the City Manager to continue to work to
formalize the Host City Agreement ("Agreement") between the City of Miami and Formula One
World Championship Limited and to finalize the Agreement no later than July 1, 2018.
Section 4. The City Manager is further directed to negotiate with, among other entities
and agencies, Miami -Dade County, FDOT, the Bayfront Park Management Trust, PortMiami,
and the City of Miami ("City") Employee Union Representatives.
Section 5. the City Manager is further directed to negotiate the involvement of Michael
Gardner, as an affiliated promoter of the Event.
Section 6. The Agreement shall be brought back before the City Commission for final
approval as a four-fiths (4/5ths) waiver approval.
Section 7. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.'
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.
APPROVED AS TO FORM AND CORRECTNESS:
ria ndez, ity ttor ey 5/1/2018