Resolution 2021-31794 RESOLUTION NO: 2021-31794
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF
MIAMI BEACH, FLORIDA, APPROVING AN AMENDMENT TO THE LICENSE
AGREEMENT BETWEEN THE CITY OF MIAMI BEACH, GLOBAL
SPECTRUM, L.P. D/B/A SPECTRA VENUE MANAGEMENT, AND ART
BASEL U.S. CORP., FOR USE OF THE MIAMI BEACH CONVENTION
CENTER FOR THE ANNUAL ART BASEL MIAMI BEACH SHOW
("AMENDMENT"), WHICH AMENDMENT (1) INCLUDES A THREE (3) YEAR
EXTENSION FOR THE 2024, 2025, AND 2026 ANNUAL SHOWS; (2)
REDUCES THE 2021 LICENSE FEE TO $100,000; AND (3) PROVIDES FOR
DISCOUNTED RESIDENT TICKETS FOR THE 2021 ANNUAL SHOW, AMONG
OTHER TERMS; FURTHER, AUTHORIZING THE ADMINISTRATION TO
FINALIZE THE AMENDMENT BASED ON THE TERMS SET FORTH IN THIS
RESOLUTION; AND FURTHER, AUTHORIZING THE CITY MANAGER TO
EXECUTE THE AMENDMENT.
WHEREAS, Art Basel 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 43 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 generates thousands of hotel room nights annually within the City of
Miami Beach, including over 12,000 room nights, with annual attendance approximately 77,000
based on 2017 attendance estimates; and
WHEREAS, based on the ABMB room night confirmations, the City Commission
designated ABMB as a Marquee Event pursuant to the Miami Beach Convention Center
("MBCC") Booking Policy; and
WHEREAS, on August 4, 2017, the City of Miami Beach, Global Spectrum, L.P. D/B/A
Spectra Venue Management ("Spectra"), and Art Basel U.S. Corp., entered into a License
Agreement for ABMB's use of the MBCC for the ABMB Show, for annual shows to be held in
2019, 2020, 2021, 2022, and 2023; and
WHEREAS, on September 2, 2020, the City of Miami Beach, Spectra, and ABMB
executed Amendment#1 to the License Agreement, cancelling the 2020 ABMB Show due to the
impact of the COVID-19 pandemic; and
WHEREAS, the parties desire to enter into Amendment No. 2 to the License Agreement
to include the following: (1) an extension of the term of the License Agreement for ABMB to host
annual ABMB shows in 2024, 2025, and 2026; (2) reduce the license fee for the 2021 Annual
Show to $100,000, applying the existing deposit to the 2022 Annual Show; and (3) ABMB to
offer City of Miami Beach residents discounted tickets; and
WHEREAS, the Administration recommends that the Mayor and City Commission
approve the amendment to the License Agreement based on the terms contained in this
Resolution.
NOW, THEREFORE, BE IT DULY RESOLVED BY THE CITY COMMISSION OF THE
CITY OF MIAMI BEACH, FLORIDA that the Mayor.and City Commission hereby approve and
an amendment to the. License Agreement between the City of Miami Beach, Global Spectrum,
L.P. D/B/A Spectra Venue Management, and Art Basel U.S.:Corp., for the use: of the Miami
Beach Convention Center for the Annual Art Basel Miami Beach Show ("Amendment"), which
Amendment.(1) includes a three (3) year extension for the 2024,2025, and 2026 annual shows;
(2) reduces the 2021 License.Fee to $100,000; and (3) provides for discounted resident tickets
for the 2021 Annual Show, among other terms, further authorizing the Administration to.finalize
the Amendment based on the terms set forth in this Resolution;.and further, authorizing the
City Manager to execute the Amendment:
PASSED and ADOPTED this 028 day of 1w1l 2021:
ATTEST:
Dan Gelber, MayorC----?)/
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Rafael E. Granado, City Clerk
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City Attorney Date
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Resolutions -C7 AH
MIAMI BEACH
COMMISSION MEMORANDUM
TO: Honorable Mayor and Members of the City Commission
FROM: Alina T. Hudak, City Manager
DATE: July 28, 2021
SUBJECT:A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY
OF MIAMI BEACH, FLORIDA, APPROVING AN AMENDMENT TO THE
LICENSE AGREEMENT BETWEEN THE CITY OF MIAMI BEACH, GLOBAL
SPECTRUM, LP. D/B/A SPECTRA VENUE MANAGEMENT, AND ART
BASEL U.S. CORP., FOR USE OF THE MIAMI BEACH CONVENTION
CENTER FOR THE ANNUAL ART BASEL MIAMI BEACH SHOW
("AMENDMENT"), WHICH AMENDMENT (1) INCLUDES A THREE (3) YEAR
EXTENSION FOR THE 2024, 2025, AND 2026 ANNUAL SHOWS; (2)
REDUCES THE 2021 LICENSE FEE TO $100,000;AND (3) PROVIDES FOR
FIFTY PERCENT (50%) DISCOUNTED RESIDENT TICKETS FOR THE
DECEMBER 3, 2021 EVENT DATE, AMONG OTHER TERMS; FURTHER,
AUTHORIZING THE ADMINISTRATION TO FINALIZE THE AMENDMENT
BASED ON THE TERMS SET FORTH IN THIS RESOLUTION; AND
FURTHER, AUTHORIZING THE CITY MANAGER TO EXECUTE THE
AMENDMENT.
RECOMMENDATION
The Administration recommends approval of the Amendment.
BACKGROUND/HISTORY
Art Basel 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 43 years; and
ABMB has become the preeminent contemporary art fair in the westem hemisphere and an
established destination for artists, galleries, collectors, museum groups, and other individuals
interested in top quality art.
Economists have estimated $400 million to $500 million annually in related economic impact as
a result of ABMB and generates thousands of hotel room nights annually within the City of Miami
Beach, including over 12,000 room nights, with annual attendance approximately 77,000 based
on 2017 attendance estimates.
Moreover, based on the ABMB room night confirmations, the City Commission has designated
ABMB as a Marquee Event ,pursuant to the Miami Beach Convention Center ("MBCC")
Page 820 of 2012
Booking Policy.
On August 4, 2017, the City of Miami Beach, Global Spectrum, L.P. D/B/A Spectra Venue
Management ("Spectra"), and Art Basel U.S. Corp., entered into a License Agreement for
ABMB's use of the MBCC for the ABMB Show, for annual shows to be held in 2019, 2020,
2021, 2022, and 2023.
On September 2, 2020, the City of Miami Beach, Spectra, and ABMB executed Amendment#1
to the License Agreement, cancelling the 2020 ABMB Show due to the impact of the COVI D-
19 pandemic.
ANALYSIS
As the City economy recovers and the MBCC reopens to former and new clients, the parties
desire to enter into Amendment No. 2 to the License Agreement to include the following: (1)an
extension of the term of the License Agreement for ABMB to host annual ABMB shows in
2024, 2025, and 2026; (2) reduce the license fee for the 2021 Annual Show to $100,000; and
(3) ABMB to offer City of Miami Beach residents 50% discounted tickets for the Saturday,
December 3, 2021 event date; and
SUPPORTING SURVEY DATA
TBD
CONCLUSION
Administration recommends that the Mayor and City Commission approve the amendment to
the License Agreement based on the terms contained in this Resolution.
Applicable Area
Citywide
Is this a"Residents Right Does this item utilize G.O.
to Know" item, pursuant to Bond Funds?
City Code Section 2-14?
No No
Strategic Connection
Prosperity - Market and promote Miami Beach as a world class arts, culture, and quality
entertainment destination.
Legislative Tracking
Tourism and Culture
ATTACHMENTS:
Description
D Resolution
Page 821 of 2012