Amendmnent No. 2 to the Agreement with Global Spectrum LP ao(Y- 30s'og
AMENDMENT NO. 2 TO THE MANAGEMENT AGREEMENT
BETWEEN THE CITY OF MIAMI BEACH AND GLOBAL SPECTRUM L.P.
FOR THE MIAMI BEACH CONVENTION CENTER
ThisAmendment No. 2 to the Management Agreement, is made and entered into this
II day of (kJ-On-el , 2018, by and between the CITY OF MIAMI BEACH,
FLORIDA , a municipal corporation having its principal office at 1700 Convention Center
Drive, Miami Beach, Florida, 33139 (City), and GLOBAL SPECTRUM, L.P., d/b/a
Spectra Venue Management, a Delaware limited partnership, whose current address is
3601 S. Broad Street, Philadelphia, PA 19148-5290 ("Global").
RECITALS
WHEREAS, the City and Global are parties to a Management Agreement, dated
October 7, 2013, pursuant to which the City engaged Global to manage and operate the
Miami Beach Convention Center (the Management Agreement, as so amended and
modified, is referred to herein as the "Agreement"); and
WHEREAS, the initial term of the Agreement was three (3) years, ending on
September 30, 2016, subject to the City's right to extend the term for an additional two
(2) years; and
WHEREAS, on October 21, 2015, in Resolution No. 2015-29191, the Mayor and
City Commission approved Amendment No. 1 to the Agreement, extending the term
thereof through September 30, 2020; and
WHEREAS, capitalized terms used herein and not defined herein shall have the
meaning given to such terms in the Agreement.
NOW, THEREFORE, in consideration of the mutual premises, covenants and
agreements herein contained, and other good and valuable consideration, in receipt and
adequacy of which are hereby acknowledged and intending to be legally bound, the City
and Global hereby amend the Agreement as follows:
1. The aforestated recitals are true and correct and incorporated by
reference herein.
2. The City hereby extends the Term of the Agreement for an
additional two (2) year period (the "2020 Renewal Term")with such 2020 Renewal Term
commencing on October 1, 2020, and ending on September 30, 2022. Global hereby
accepts such extension, and hereby confirms that the 2020 Renewal Term shall
commence on October 1, 2020, and end on September 30, 2022.
3. No Further Modifications. Except as provided in this Amendment
No. 2, the Agreement remains unmodified and in full force and effect. All references to
the Agreement in the Agreement or in any other document referencing the Agreement
shall be deemed to refer to the Agreement as amended hereby.
(REMAINDER OF PAGE LEFT INTENTIONALLY BLANK)
IN WITNESS WHEREOF, this Amendment has been duly executed by
the parties hereto as of the day and year first above written.
ATTEST: CITY OF MIAMI BEACH, FLORIDA
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Rafael E. Granado, Ci. i' F / 9"�T��,. an Gelber, Mayor
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INCOP ORAi .4,J=
'<c` ' `' OBAL SPECTRUM, L.P. d/b/a
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Secretary B.; e- (1,.x1---- v--
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APPROVED AS TO
FORM &LANGUAGE
&FOR EXECUTION
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City Attorney /, \P Date