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Resolution 86-18661 RESOLUTION NO. 86-18661 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF MIAMI BEACH AGREEING TO COMMIT TO PROVIDE TO THE NATIONAL ASSOCIATION OF REALTORS 1993 CONVENTION A 110, 000 SQUARE FOOT, AIR-CONDITIONED, PILLAR-FREE STRUCTURE SHOULD THE CONVENTION CENTER EXPANSION NOT BE COMPLETED WHEREAS, the City of Miami Beach recognizes the value of major conventions occurring in the City of Miami Beach/Metropolitan Dade Area; and, WHEREAS, the National Association of Realtors has committed to bring. their 1993 Convention to the City of Miami Beach Convention Center; and WHEREAS, the National Association of Realtors requires a commitment from the City of Miami Beach to provide a minimum of 110, 000 gross sq. ft . , pillar-free structure should the Convention Center Expansion not be completed; and, WHEREAS, the National Association of Realtors has agreed that a 110,000 gross sq. ft. pillar-free air-conditioned tent would be acceptable for the above purpose, in the event that the Convention Center Expansion was not completed; and, WHEREAS, the Greater Miami Convention and Visitors Bureau has agreed to reserve the amount required to defray the cost of the 110, 000 sq. ft. , tent structure by a set aside of increased resort tax revenues. NOW THEREFORE, BE IT DULY RESOLVED BY THE CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that the City agrees to commit to provide the 110,000 sq. ft pillar-free air-conditioned structure in the terms and conditions as hereinabove set forth. PASSED and ADOPTED this 5th day of November, 1986 . � . •R ATTEST: CITY CLERK . � �Y�a~" `''i ' 7 or By • Date._�r ■ ' . eaf W4ami Sede% FLORIDA 33139 -* iHc nn*s de VACATIONLANU U. S. A." .26' OFFICE OF THE CITY MANAGER CITY HALL ROB W.PARKINS 1700 CONVENTION CENTER DRIVE CITY MANAGER TELEPHONE:. 673-7010 COMMISSION MEMORANDUM NO.7 3'11,7 DATE: November 5, 1986 TO: Mayor Alex D. • and Members of a City Com ission /0 FROM: Rob.W. Park City Manager. 0%• SUBJECT: RECOMMENDATION TO APPROVE A RESOLUTION WHEREBY THE CITY. COMMISSION OF. THE CITY OF MIAMI . BEACH AGREES TO COMMIT TO PROVIDE THE NATIONAL ASSOCIATION OF REALTORS 1993 CONVENTION A 110,000. SQUARE FOOT AIR CONDITIONED, PILLAR FREE STRUCTURE SHOULD THE CONVENTION CENTER EXPANSION. NOT BE COMPLETED Attached is' a Resolution agreeing to provide to the .1.993 National Association of Realtors (NAR) convention a minimum of 110,000 square foot air conditioned, pillar free structure in the event the Convention Center expansion program is not completed. . The Greater Miami Convention and Visitors Bureau has agreed to reserve the amount required to defray the cost of renting this structure by setting aside increased Resort Tax revenues. It is estimated that the rental of the structure will cost ap- proximately $4.25 per square foot which includes air conditioning. Based on this estimate, rental of the structure will cost in excess of $400,000. Ifthe expansion is not completed, the NAR would use the north and south convention halls plus a minimum of 38 meetingrooms in ad- dition to the pillar free structure. Rental •of exhibit space will be 60C per net square foot used with no minimum rental requirement and the NAR will not incur any costs in connection with construction of the temporary facility, if .int is required. ADMINISTRATION RECOMMENDATION: Approve a Resolution agreeing to commit to provide NAR 1993. convention with a 110,000 square foot air. conditioned, pillar free structure if expansion is not completed. RWP:NL,arjr Attadment � IT4/ 4 . _ AGENDA EM r,.. 1 DATE ORIGINAI, RESOLUTION NO. 86-18661 r (Agreeing to commit to provide to the National Association of Realtors 1993 Convention a 110,000 square foot, air-con- ditioned, Pillar--free structure should the Convention Center Expansion not be com- pleted)