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2015-29130 Reso RESOLUTION NO. 2015-29130 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ESTABLISHING ART BASEL IN MIAMI BEACH AS A MARQUEE EVENT PURSUANT TO THE MIAMI BEACH CONVENTION CENTER AMENDED AND RESTATED BOOKING POLICY GUIDELINES. WHEREAS, on September 2, 2015, the City of Miami Beach adopted Resolution No. 2015- 29129 , approving the Amended and Restated Miami Beach Convention Center Booking Policy Guidelines ("Booking Policy Guidelines"); WHEREAS, the Booking Policy Guidelines state that upon the written recommendation of the City Manager and a 5/7ths vote of the City Commission, Marquee Events may be established by the City Commission, granting First Priority status to unique, high profile events that the City determines will bring significant benefit to the City and/or Miami-Dade County in terms of overall economic impact; and WHEREAS, Art Basel in Miami Beach ("ABMB") was established in 2000 as the sister event of Switzerland's Art Basel, the world's most prestigious art fair for the past 42 years; and WHEREAS, ABMB has become the preeminent contemporary art fair in the western hemisphere and an established destination for artists, galleries, collectors, museum groups, and other individuals interested in top quality art; and WHEREAS, economists have estimated $400 million to $500 million annually in related economic impact as a result of ABMB; and WHEREAS, ABMB contracted with an independent accountant to verify room night consumption during the 2014 ABMB event, to determine how many rooms were booked at Miami Beach Hotels independently and through the ABMB travel agent; and WHEREAS, the independent accountant verified that ABMB generated 3,338 rooms on the peak night of the show; and WHEREAS, the City Manager recommends the City Commission designate ABMB as a Marquee Event and grant First Priority status to ABMB. 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 establish Art Basel in Miami Beach as a Marquee Event pursuant to the Miami Beach Convention Center Amended and Restated Booking Policy Guidelines. PASSED and ADOPTED this 2nd day of September, 2015. ATTEST: ,q �� ,� ',,: z. �: ' APPROVED AS TO • / •• --r - MIA FORM&LANGUAGE * INCORP ORATED: &FOR EXECUTION .'/ 9 / , ITY CL RK ���%. ..•• C /1 �___, l ' TCH city Attorney Date