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HomeMy WebLinkAbout2002-25064 Reso RESOLUTION 2002-25064 A RESOLUTION OF THE MAYOR AND THE CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, APPROVING AND AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE FIRST AMENDMENT TO THE AGREEMENT BETWEEN THE CITY AND CLEAR CHANNEL ADSHEL INC., TO CONSTRUCT, OPERATE AND MAINTAIN DIRECTORY STRUCTURES IN THE LINCOLN ROAD AREA; SAID AMENDMENT EXTENDING THE AGREEMENT TERM BY TWO (2) YEARS IN CONSIDERATION OF ADSHEL'S AGREEMENT TO PROVIDE DIRECTORY AND STREET SIGNAGE ON LINCOLN ROAD. WHEREAS, the City currently has an Agreeme11f~it~ Clear Channel Adshel Inc" for the construction, operation and maintenance of dir~-~~ct~res and street name signs on Lincoln Road, effective through April 18, 2006 (the Agreement); and WHEREAS, subsequent to entering into the Agreement, the City realized that ten (10) additional street name signs were needed and requested that Adshel install such signs; and WHEREAS, the ten (10) additional street name signs will be significantly helpful to both the pedestrian and vehicular traffic in identifying the street name and the block address designation for that location; and WHEREAS, on August 14, 2001, it was determined and ordered by the Historic Preservation Board that one (1) additional two-sided directory structure be placed at the intersection of James Avenue and Lincoln Road; and WHEREAS, the cost for the ten (10) additional signs, including materials, equipment and labor is $37,500,00 dollars; and WHEREAS, the City negotiated and agreed with Adshel to extend the Agreement's initial term by two (2) years in exchange for the cost of installing and maintaining the street name signs and additional directory structure; and WHEREAS, the terms of the Agreement provide for the payment on a quarterly basis, from Adshel to the City, ofthe greater of either two-thousand dollars ($2,000) per structure per year, or thirty percent (30%) ofthe total net revenues generated by the directory structures for the additional two years of the initial term, 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 approve and authorize the Mayor and the City Clerk to execute the attached First Amendment to the Agreement between the City and Clear Channel Adshel Inc" said Amendment providing for the extension ofthe initial term of five (5) years, to seven (7) years, and providing for installation and maintenance often (10) additional street name signs and one (1) additional two sided directory structure by Clear Channel Adshel Inc" at no cost to the City; and providing for the payment to the City, on a quarterly basis, of the greater of $2000 per structure per year or 30% of the total net revenues generated by the directory structures, PASSED AND ADOPTED this 13th day of ..Nov. MAYOR ~ r p()A~ CITY CLERK T,IAGENDAI2OO2\NOVI302\REGULAR\LINCOLN RD AMENDMENT RESO.doc N"PRfNf!DMlO FORM&lANGUAG8 . FOR E)CECU1'ION .. ~O'V Ss- Date CITY OF MIAMI BEACH COMMISSION ITEM SUMMARY lQ - Condensed Title: A resolution approving and authorizing the Mayor and City Clerk to execute First Amendment to the agreement between the City of Miami Beach and Clear Channel Adshel, Inc., to construct, operate and maintain directory structures in the Lincoln Road area. Issue: Shall the City Commission approve the First Amendment to the agreement with Clear Channel Adshel, Inc,? Item Summary/Recommendation: The City has a contract with Clear Channel Adshellnc.,. for the construction, operation and maintenance of directory structures and street name signs along Lincoln Road, effective April 18, 2001 through April 18, 2006, Subsequent to award of the contract to Clear Channel Adshellnc" the City realized that there was a need to have ten (10) additional street name signs and requested that Clear Channel Adshellnc., install the ten (10) additional street name signs, These additional street name signs will help both pedestrian and vehicular traffic in identifying the street name and the block address designation for that location, On August 14, 2001, it was determined and ordered by the Historic Preservation Board that one (1) additional directory sign should be placed at the intersection of James Avenue and Lincoln Road. The City negotiated with Clear Channel Adshellnc., and agreed that extending the contract's initial term by two (2) years from five (5) to seven (7) years, is in the City's best interest. In return, Clear Channel Adshel Inc" will install and maintain at no cost to the City, ten (10) additional street name signs and one (1) additional directory structure. The estimated cost for the ten (10) street signs is $37,500, Also, the City will continue to receive two (2) additional years of revenue in the amount of $2000 per directory structure per year or 30% of total net revenue, whichever is greater, The Administration recommends approval of the resolution, Advisory Board Recommendation: I N/A Financial Information: Source of Funds: D Finance Dept. City Clerk's Office Legislative Tracking: I Fred Beckmann c71'f DATE /1-/3-(l2 CITY OF MIAMI BEACH CITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH, FLORIDA 33139 www.ci.miaml-beach.fl.us COMMISSION MEMORANDUM To: Mayor David Dermer and Date: November 13, 2002 Members of the City Commission Jorge M. Gonzalez ~ ~ City Manager 0 U A RESOLUTION OF THE MAYOR AND THE CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, APPROVING AND AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE FIRST AMENDMENT TO THE AGREEMENT BETWEEN THE CITY AND CLEAR CHANNEL ADSHEL INC., TO CONSTRUCT, OPERATE AND MAINTAIN DIRECTORY STRUCTURES IN THE LINCOLN ROAD AREA; SAID AMENDMENT EXTENDING THE AGREEMENT TERM BY TWO (2) YEARS IN CONSIDERATION OF ADSHEL'S AGREEMENT TO PROVIDE DIRECTORY AND STREET SIGNAGE ON LINCOLN ROAD. ADMINISTRATION RECOMMENDATION From: Subject: Adopt the Resolution, BACKGROUND The City currently has a contract with Clear Channel Adshellnc" for the construction, operation and maintenance of directory structures and street name signs on Lincoln Road, effective April 18, 2001 through April 18, 2006, The initial term is for five (5) years, after the initial term the contract automatically renews for up to five (5) additional one year terms at the City's sole option and discretion, Subsequent to entering into contract with Clear Channel Adshellnc" the City realized that there was a need to have ten (10) additional street name signs and requested that Clear Channel Adshel Inc" install the ten (10) additional street name signs, These additional street name signs will help both pedestrian and vehicular traffic in identifying the street name and block address designation for that location, On August 14, 2001, it was determined and ordered by the Historic Preservation Board that one additional directory sign would be placed at the intersection of James Avenue and Lincoln Road, The City negotiated with Clear Channel Adshel Inc" and agreed that extending the contract's initial term by two (2) years from five (5) to seven (7) years, is in the City's best interest. In return, Clear Channel Adshellnc, will install and maintain at no cost to the City, ten (10) additional street name signs and one (1) additional directory structure, The estimated cost for the ten (10) street signs is $37,500, Also, the City will continue to receive two (2) additional years of revenue in the amount of $2000 per directory structure per year or 30% of total net revenue, whichever is greater. CONCLUSION The Administration recommends that the City Commission approve the resolution and execute the First Amendment to the Agreement, extending the contract's initial term from five (5) years to seven (7) years. JMG\RCM\~lf F:\CMGRlAGENDA\2002\NOV1302\REGULARlLINCOLN RD AMENDMENT memo.doc .. -<e. '. FIRST AMENDMENT TO AGREEMENT BETWEEN THE CITY OF MIAMI BEACH, FLORIDA AND CLEAR CHANNEL ADSHEL, INC. TO CONSTRUCT, OPERATE, AND MAINTAIN DIRECTORY STRUCTURES IN THE LINCOLN ROAD AREA This First Amendment to that certain Agreement dated April 18, 2001, between the CITY OF MIAMI BEACH, FLORIDA (City), and CLEAR CHANNEL ADSHEL, INe. (Contractor), to Construct, Operate and Maintain Directory Structures in the Lincoln Road Area, is entered in to this /3t/.. day of ~t/(,M~ 2002. RECITALS WHEREAS, the City currently has an Agreement with Contractor, for the construction, operation, and maintenance of directory structures and street name signs on Lincoln Road effective through April 18,2006 with five, one year, options for extension up to April 18, 2011 (Agreement); and WHEREAS, subsequent to entering into the Agreement with Contractor, the City realized that ten (10) additional street name signs were needed and requested Contractor to install such signs; and WHEREAS, the ten (10) additional street name signs will be significantly helpful to both the pedestrian and vehicular traffic in identifying the street name and the block address designation for that location; and '- WHEREAS, on August 14, 2001, it was determined and ordered by the City's Historic Preservation Board that one (1) additional two sided directory structure be placed at the intersection of James Avenue and Lincoln Road; and WHEREAS, the cost of the ten (10) additional street name signs, including materials, equipment, and labor, is thirty-seven thousand five hundred dollars ($37,500.00); and . WHEREAS, the City negotiated and agreed with Contractor to extend the Agreement's initial term by two (2) years in exchange for the cost of installing and maintaining the street name signs and additional directory structure; and WHEREAS, the terms of the Agreement provide for the payment, on a quarterly basis, from the Contractor to the City, of the greater of either two-thousand dollars ($2,000) per structure per year or thirty percent (30%) of the total net revenues generated by the directory structures for the additional two years of the initial term; NOW THEREFORE, in consideration of (10) additional signs and one (I) additional two sided directory structure, at no cost to the city, said value and revenue generated there from stated above, the parties herein agree to amend the Agreement as follows: 1. Section 2 of the Agreement, entitled "Term", is hereby amended to read as follows: This Agreement shall be for an initial term of fi'le (5) seven (7) years, commencing on April li, 2001, and terminating on April 17, ~ 2008, unless earlier terminated, as herein provided. At the end of the initial term, this Agreement shall automatically renew for up to five (5) additional one (I) year terms; provided, however, that the City, at its sole discretion, may, after the initial five (5) seven (7) year term, and prior to the conclusion of each one (1) year renewal term, elect not to renew the Agreement by notifying Contractor of its intent not to renew, in writing, 120 days prior to the expiration of the initial fiw ~ seven (7) year term, or the expiration of each successive one (1) year term, as the case may be. 2 ., 2. Section 3 of the Agreement, entitled "Minimal Annual Guarantee", is hereby amended to read as foIlows: 3.1 In addition to erecting, installing, operating, and maintaining, the Street Furniture contemplated by this Agreement, at its sole cost and expense, and at no cost to the City, Contractor shaIl also pay the City, on a quarterly basis, a Minimum Annual Guarantee as foIlows: $1,300 per structure per year or 20% of the total Net Revenues, whichever is greater; $1,300 per structure per year or 25% of the total Net Revenues, whichever is greater; $1,300 per structure per year or 25% of the total Net Revenues, whichever is greater; $2,000 per structure per year or 28% of the total Net Revenues, whichever is greater; $2,000 per structure per year or 28% of the total Net Revenues, whichever is greater; YeafS 6 10: $2,900 per struElture per year ar 39~{' af the tetal Net Year I: Year 2: Year 3: Year 4: Year 5: Year 6: Year 7: Re'lemleS, whiehe'ler is gr-eater; $2.000 per structure per year or 30% of the total Net Revenues. whichever is greater: $2.000 per structure per year or 30% of the total Net Revenues. whichever is greater: and. 3 ~ Year 8-12: $2.000 per structure per year or 30% of the total Net Revenues. whichever is greater. 3. Exhibit A, attached to the Agreement is hereby amended to read as foIlows: EXHIBIT A ADSHEL WILL: Q' Provide and maintain Directory Structures and Street and Block Number Signs designed by world-renowned architect Laurinda Spear of Arquitectonica in coIlaboration with the City of Miami Beach in order to create the most desirable designs for the City of Miami Beach while assuring that these designs interact positively with the existing Lincoln Road streetscape. Provide a minimum of teR (1 Q) eleven (1) Directory Structures to be installed in the Lincoln Road area. Two (2) 4-sided structures to be located at the intersection of Lincoln Road/Washington Avenue and Lincoln Road/Alton Road. Eight (&) Nine (9) 2-sided structures to be located on Lincoln Road at the head of each street beginning at Collins Avenue and ending at Lenox Avenue. One face of the structure will carry locator map information for Lincoln Road, the other face will carry commercial advertising, of which three (3) fuIl panels will be designated for public service advertising for use by non-profit cultural organizations. This will produce a total of ~ 26 sign faces broken down as follows: .w 11 directories of Lincoln Road businesses with locator maps 2 "Welcome to Lincoln Road" signs (Ion each 4-sided structure) 3 cultural calendars dispersed throughout advising of events, etc. 9 10 Ad faces (signs) to be sold for commercial use Q' Adshel's most important concern is that its designs for Directory Structures in the Lincoln Road area, interact with the existing streetscape. Q' Provide tea (10) twenty (20) Street and Block Number Signs to be installed at ten inter~ections of Lincoln Road from Collins Avenue to Alton Road. Adshel will also fabricate and install same to ensure identification of cross streets and block numbers here to fore missing from Lincoln Road. 4 . . 4. Attachment A to the Agreement is amended to read as foIlows: CITY OF MIAMI BEACH LINCOLN ROAD - ADSHEL SIGNAGE Adshel will pay the Cit on a quarterly basis for years I and 2 and thereafter at the beginning of each year; a Minimal Annual Guarantee (MAG) of $1,300 per structure per years 1-3 and thereafter, $2,000 per structure per year at beginning of each new year or a percentage of net revenue, whichever is greater on an escalating scale Year I Year 2 Year 3 Year 4 Year 5 Years {j 7 Year 6 Year 7 Years 8-12 20% 25% 25% 28% 28% 39% 30% 30% 30% 5. Except as specificaIly amended herein, all other provision of the Agreement shall remain unchanged and in full force and effect. 5 " . " I " IN WITNESS WHEREOF, the parties hereto have caused this Addendum to be signed by their duly authorized representatives the day and year first above written: ATTEST: MI BEACH, FLORIDA ~( rtU~ ATTEST: ~ Secretary (~ ~ IOn Print Name CLEAR CHANNEL ADSHEL, INC. ~~" ~~~~<t! Title: APPROVED AS TO FORM & LANGUAGE a FOR EXECUnON ~ l.lo.!!-qy 6 d