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2011-27727 Reso RESOLUTION NO. 2 -27727 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, WAIVING SPACE RENTAL CHARGES AT THE COLONY THEATRE, IN THE AMOUNT OF $3,500.00, FOR FLORIDA INTERNATIONAL UNIVERSITY'S COLLEGE OF ARCHITECTURE AND ARTS FOR FIVE (5) EVENTS HELD BETWEEN OCTOBER 2011 - MARCH 2012. WHEREAS, Florida International University's College of Architecture + the Arts created the Office of Engaged Teaching, Scholarship, and Creative Activities (ETSCA), headquartered in new space at 420 Lincoln Road, on Miami Beach; and WHEREAS, FIU will offer an extraordinary level of hands on experience for FIU students utilize the talents of the faculty and students in the visual arts, performing arts, and design specialties to engage with the local South Florida community in collaborative problem- solving initiatives; and WHEREAS, FIU has planned five events .between October 2011 — March 2012 at the Colony Theatre to showcase a variety of program from the College of Architecture and Arts; and WHEREAS, in order to assist FIU with their transition to Miami Beach and their use of the .Colony Theatre, a rent waiver is being proposed for each of these five, (5) events. FIU would continue to be responsible for all other costs associated with rental of the Colony Theatre; and WHEREAS, FIU's scheduled events take place mid week (Monday through Wednesday), which allows them to qualify for a rental rate of $700 per day, totaling 3,500 in potential rental revenue. NOW, THEREFORE, BE IT DULY RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that the. Mayor and City Commission hereby waive space rental charges, in the amount of $3,500.00 for Florida International 'University's College of Architecture and Arts for five (5) events held between October 2011 March 2012. PASSED AND ADOPTED this 14h day of September, 201 Attest: MAYOR CITY CLERK TAAGENDA\2011 \9- 14- 11 \MBCC FIU Colony Rent Waiver RESO.doc APPROVED AS TO FORM & LANGUAGE "& FOR EXECUTION hoM Date COMMISSION ITEM SUMMARY Condensed Title: A Resolution waiving space rental charges at the Colony Theatre, in the amount of $3,500.00, for Florida International University's College of Architecture and Arts for five 5 events held between October 2011 march 2012. Key Intended Outcome Supported: Na . Supporting. Data (Surveys, Environmental Scan, etc.): N Issue: Shall the Mayor and City Commission adopt the Resolution? Item Surma /Recommendation: Florida International University's College of Architecture + the Arts recently announced the creation of the Office of Engaged Teaching, Scholarship, and Creative Activities ( ETSCA). ETSCA will be headquartered in FIU's new space at 420 Lincoln Road, on Miami Beach and will offer an extraordinary level of hands on experience for FIU students. The newly established ETSCA was created by Brian Schriner, Dean of the FIU College of Architecture + The Arts, and will bring together various FIU offices, local governments, business leaders, students, alumni and faculty to further FIU's commitment to cutting. edge research and creative :activities that will impact the health and sustainability of local and global communities. The new office is tasked with fully utilizing the talents of the faculty and students in the visual arts, performing arts; and design specialties to engage with the local South Florida community in collaborative problem- solving initiatives. FIU has planned five events between October 2011 — March 2012 at the Colony Theatre to showcase a variety of .programs from the College of Architecture and Arts. Those events are scheduled to occur on October 19, 2011, November 22, 2011, February 28, 2012 and March'20 and 21, 2012. In order to assist FIU with their transition to Miami Beach and their use of the Colony Theatre, a rent waiver is being proposed for each of these five (5) events. FIU would continue to be responsible for all other costs associated with rental of the Colony Theatre (e.g. Tabor, etc). It is expected that FIU will begin *applying for grants to cover future rental costs. All of FIU's scheduled events take place mid -week (Monday through Wednesday), which allows them to qualify for a rental rate of $700 per day. This waiver, if approved, equates to.a loss of $3,500 in revenue. ADOPT THE RESOLUTION. Advisory Board Recommendation: N/A Financial Information: Source of Funds: Amount Account Approved 1 OBPI Total Financial Impact Summary: This waiver, if approved, equates to a loss of $3,500 in revenue. Cit Clerk's Office Legislative Trackin Max Sklar, ext. 6116 Sign -Offs: Department Director Assi taut City Manager City Manager MS HF JMG T :IAGENDAl2011 \9- 14- 11\MBCC FIU Colony Rent Waiver summ.d6c AGENDA. ITEM — 1 Am" E r � 1 1 DATE d MIAMI BEACH City of Miami Beach, 1700 Convention Center Drive, Miami Beach, Florida 33139, www.miamibeachfl.gov COMMISSION MEMORANDUM TO: Mayor Matti Bower and Members of the City Commission i FROM: Jorge M. Gonzalez, City Manager DATE: September 14, 2011 SUBJECT: A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI - BEACH, FLORIDA, WAIVING SPACE RENTAL CHARGES AT THE COLONY THEATRE, IN THE AMOUNT OF $3,500.00, FOR FLORIDA. INTERNATIONAL UNIVERSITY'S COLLEGE OF ARCHITECTURE AND ARTS FOR FIVE (5) EVENTS HELD BETWEEN OCTOBER 2011 - MARCH 2012. ADMINISTRATION RECOMMENDATION The Administration recommends that the City Commission approve the proposed resolution. BACKGROUND Florida International University's College of Architecture + the Arts recently announced the creation of the Office of.Engaged Teaching, Scholarship, and Creative Activities ( ETSCA). ETSCA will be headquartered in FIU's new space at 420 Lincoln on Miami Beach and will offer an extraordinary level of hands on experience for FIU students. The newly established ETSCA was created by Brian Schriner, Dean of the FIU College of Architecture + The Arts, and will bring together various FIU" offices, local governments, business leaders, students, alumni and faculty to further FIU's commitment to cutting edge research and creative activities that will impact the health and sustainability of local and global communities. The new office is tasked with fully utilizing the talents of the faculty and students in the visual arts, performing arts, and design specialties to engage with the local South Florida community in collaborative problem - solving initiatives. FIU has planned five events between October 20 1.1 — March 2012 at the Colony Theatre to showcase a variety of program from the College of Architecture and Arts. Those events are scheduled to occur on October 19, 2011, November 22, 2011, February 28, 2012 and March 20 and 21, 2012. In order to assist FIU with their transition to Miami .Beach and their use of the Colony Theatre, a rent waiver is being proposed for each of these five. (5) events. FIU would continue to be responsible for all other costs associated with rental of the Colony Theatre. It is expected that FIU will apply for grants to cover any future rental costs. Page 2 of 2 Colony Theatre Rental Waiver — FIU FISCAL IMPACT All of FIU's scheduled events take place mid week (Monday through Wednesday), which allows them to qualify for a rental rate of $700 per day. This waiver, if approved, equates to a loss of $3,500 in revenue. As this was-budgeted revenue, Global Spectrum will be challenged to book additional events to make up the loss of revenue. Global Spectrum is confident that ancillary revenues (i.e. food and beverage) from the event will offset any non - billable expenses incurred in the hosting of the event. Furthermore, the City expects to generate parking revenue from event attendees. CONCLUSION FIU's recent opening of CARTA, and their ETSCA program, helps showcase the City's arts and culture. The programming proposed fat the Colony adds to. the diversity of cultural offerings in our City. The Administration recommends that the City Commission approve the proposed resolution. C TAAGENDA\2011 \9- 14- 11 \MBCC FIU Colony Rent Waiver Memo.doc