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Resolution 2025-33745 RESOLUTION NO. z02533745 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ACCEPTING THE RECOMMENDATION OF THE FINANCE AND ECONOMIC RESILIENCY COMMITTEE, AND APPROVING RETROACTIVE SPECIAL EVENT SPONSORSHIP FUNDING FOR THE 2025 SWIMWEAR ICONS HALL OF FAME GALA, WHICH OCCURRED ON MAY 28, 2025, IN AN AMOUNT NOT TO EXCEED $75,000 TO BE CONSIDERED AS PART OF THE FY 2026 BUDGET PROCESS; AND FURTHER AUTHORIZING THE CITY MANAGER TO EXECUTE THE SPONSORSHIP AGREEMENT WITH THE EVENT ORGANIZER. WHEREAS, on February 26, 2025, the Mayor and City Commission approved a referral item to consider ezpanding the City's strategic partnership with Miami Swim Week, acknowledging the event's evolving cultural, tourism, and industry Influence; and WHEREAS, Miami Swim Week, a cornerstone fashion activation now in its 21st year, continues to generate significant returns in the form of international media exposure, hospitality industry demand, and economic impact, reinforcing Miami Beach's reputation as the global epicenter for swimwear and resort fashion; and WHEREAS, during its 2025 edition, Paraiso Miami Swim Week hosted numerous high-profile activafions across the city, including in Collins Park, where over 10,000 attendees were recorded across multiple days of programming featuring top designers and exclusive product launches; and WHEREAS,the inaugural Swimwear Icons Hall of Fame Gala was held on May 28, 2025, serving as a historic milestone for the industry by formally recognizing legacy designers, creatives, and brand visionaries who have contributed to the global prominence of the swimwear sector; and WHEREAS,the evenYs high-profile guest list included fashion media, influencers, and keyfigures from the business and entertainment worlds, all of which contributed to significant digital and press coverage and further amplified the Clty's cultural and economic visibility on a global scale; and WHEREAS, the event included an educational component as a public benefit, resulting in event organizers partnering with the Office of Education and Performance Initiatives to involve youth representation from the Miami Beach community, including participation by a student member of the Miami Beach Youth Commission; and WHEREAS, the organizers of the Gala were awarded a $57,000 grant from the Miami Beach Vlsitors and Convention Authority in recognition of the evenYs value and alignment with cultural tourism goals; and WHEREAS, following the successful execution of [he eveM, the event organizer submitted a request for $75,000 in retroactive special event sponsorship funding to help support the production and programming of the Gala; and WHEREAS, the event organizer further indicated its vision to establish a permanent exhibition in 2027 dedicated to celebrating the swimwear industry and its heritage, which would be housed in Miami Beach and further ins[itutionalize the City's connection to this globally recognized design sector, and WHEREAS, at its the May 7, 2025 meeting, the Finance and Economic Resiliency Committee reviewed the event and the funding request and unanimously recommended the sponsorship be considered by the City Commission during the FY 2026 budget development process. 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 accept the recommendation of the Finance and Economic Resiliency Committee, and approve retroactive special event sponsorship funding for the 2025 Swimwear Icons Hall Of Fame Gala, which occurred on May 28, 2025, in an amount not to exceed $75,000 to be considered as part of the FY 2026 budget process; and further authorizing the City Manager to execute the sponsorship agreement with the event organizer. PASSED and ADOP7ED this dS dav of T�nC ,2025. J �!pC%�-�- (/ (� Steven Meiner, Mayor ATTEST: �itPd 3 0 7025 :Pq!' @.E?c'.,, �.�` ;/�s•. ; i�'�—r• `: ; 's `�.IN:ORP ORAIE�' Rafa E. Grenado, City Clerk +,,�, y� �h; �� REGISBARBOU 'Q�cHz�;^9` Sponsored by Commissibner Joseph Magazine Sponsored by Commissioner David Suarez APPROVED AS TO FORM & LANGUAGE & FOR EXECUTION ►�_� ZY ts C.n City Attorney ��'h' Date 1 ` Resolutions-C7 AJ MIAMI BEACH COMMISSION MEMORANDUM TO: Honorable Mayor and Members of the City Commission FROM: Enc Carpenter, Ciry Manager DATE: June 25, 2025 TITLE: A RESOLUTION OF THE MAYOR AND CIN COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ACCEPTING THE FAVORABLE RECOMMENDATION OF THE FINANCE AND ECONOMIC RESILIENCY COMMITTEE, AT ITS MAY 7, 2025, MEETING TO CONSIDER SPECIAL EVENT SPONSORSHIP IN THE AMOUNT OF $75,000 TO SUPPORT THE 2025 SWIMWEAR ICONS HALL OF FAME GALA EVENT WHICH OCCURRED ON MAY 28, 2025, TO BE CONSIDERED DURING THE FY 2026 BUDGET PROCESS. RECOMMENDATION 7he Administretion recommends Ihat while the City Commission evaluates the tunding of re[roadive sponsorship requesf in an amount of $75,000 for [he 2025 Swimwear Icons Hall of Fame Gala event which occurred in May, it also carefully wnsitlers several critical factors that will signifcantly impact the Generel Fund budget, beginning in FY 2026: 1. The City's increasing unfunded capital impmvement program 2. Long-term General Fund fnancial projections indicating a potential shortfall in upcoming fscal years 3. The recent notifwtion of a$5-6 million annual budget impact on the General Fund due to the new 2°/ collection fee imposed by the Miami-Dade Taz Collecmr 4. The passage of Amendment 5 in November 2024, which increases the homestead exemption and (urther constrains Ihe growth of taxable property values These consideretions are essential to ensure that decisions regarding fundinq the retroactive sponsorship request in an amount of$75,000 for the 2025 Swimwear Icons Hall to Fame Gala event that ocwrred in May align with the City's broader lonq-term fnancial stabiliry and strategic priorities. If the Commission recommends funding the retroactive sponsorship of the 2025 Swimwear Icons Hall of Fame Gala event, the Administration recommends it be consideied as part of the FV 2026 budget process. BACKGROUNDIHISTORV On February 26, 2025, the Mayor and Cily Commission approved a referral item sponsored by Commissioner Joseph Magazine and co-sponsored by Commissioner David Suarez to discuss expanding Miami Beach's partnership with Miami Swim Week. ANALYSIS Miami Swim Week celebrated its 21st edition in 2025. The weeklong activation featured multiple events, exclusive product launches, and runway presentations by top brands in swimwear and Ihe resort wear industry. Based on Miami Swim Week's proven track recortl of economic impact, media exposure, antl industry relevance,the refeval asks Miami Beach to seek to expand its partnership with the event- 7007 The expansion could be through increased municipal support—whether through infrastructure enhancements, marketing collaborations, or incentives tor participating businesses— which would further cement the city's sWtus as the global leader in swimwear fashion. Additionally, fostenng a stronger relationship with Miami Swim Week could encourage year-round fashion activations, sustaining visitor engagement beyond the event itself. By deepening its investment, Miami Beach can maximize the long-tertn economic and cultural benefits of this wotltl-renowned fashion spectacle. Paraiso Miami Swim Week, ihe anchor event during Miami Swim Week, took place onMay 29- June 1, 2025, in ihe City ot Miami Beach's municipal bt P49 with an es[imated attendance of 10,000 over the couree of the ac[iva[ion days. The event organizers of Miami Swim Week and Paraiso Swim Week launched the inaugural event Swimwear Icons Hall of Fame Inaugural Induction Gala (the Gala), during the 2025 Miami Swim Week.The Gala celebrated individuals who have made a signi(icant contribution to the swimwear indus�ry. The Event took place in Miami 8each on May 28, 2025. In addition to the inaugural Gala, the organizers have shared the intent to establish a permanent exhibition honoring the swimwear industry in Miami Beach in 2027. Special Event Sponsorship Request: Paraiso Swim Week did not apply for funding through the Special Event Sponsorship Program for the 2025 activation. However, the event was awarded a grant from the Miami Beach Visitors and Convention Authority in an amount of$57,000 for the 2025 activation.The event organizers have requested an amount of $75,000 as a special event sponsorship for the Gala event which occurred dunng Swim Week in May 2025. At the May 7, 2025, Finance and Economic Resiliency Committee (FERC) meeting, the event organizers presented the details of the Event along with the special event sponsorship request of $75,000. The FERC provided a fawrable recommendation to the City Commission to consider special event funding in the amount of$75,000 to support the Swimwear Icons Hall of Fame event to be considered tluring the FY 2026 process. In addition, the FERC also requested that an educational elemeni be considered by the event organizers as a public beneft. The event organizers worked with the Ciry's ORice o(Education and Performance Initiatives and engaged City of Miami Beach students for the Swimwear Icons Hall of Fame evenL There was participation of one (1) Miami Beach student, a member o(the Miami Beach Vouth Commission who attended the Event on May 28, 2025, with their parent. Should the Mayor antl City Commission approve to retroactively sponsor Ihe Swimwear Icons Hall of Fame event, funtling would need to 6e identified, budgeted, or allocated dunng the FY 2026 budget development process. FISCAL IMPACT STATEMENT As part of the potential partnership, the event organizers are seeking special event funding for the inaugural Swimwear Icons Hall of Fame event in the amount of $75,000. Funtling for the proposed event has not been identifed, budgeted, or allocatetl. It is recommended [hat the City Commission approve, that funding be prioritized thmugh the FY 2026 budget development process. Does this Ordinance recuire a Business Imoact Estimate? (FOR ORDINANCES ONLY) If applicable, the Business Impact Estimate (BIE)was published on: See BIE at ht[ps:l/www.miamibeachil.qovlcitwhalllcity-clerk/meetinq-notices/ '�0�8 FINANCIAL INFORMATION CONCLUSION The Administration recommends accepting the favorable recommendation of Ihe Finance and Ewnomic Resiliency Committee at its May 7, 2025, meeting to retroactivety consider special event funding in the amount of$75,000 to support ihe Swimwear Iwns Hall of Fame event,which occuved on May 28, 2025, to be considered dunng lhe FY 2026 pmcess. In additioq the FERC requested that an educational element be considered by the event organizers as a public beneft. Currently, the City does not provide special event sponsorship to Paraiso Miami Swim Week, which takes place annually. Funding for the proposed event has not been identified, budgeted, or allocated. It is recommended that,should ihe City Commission approve,that funding be prioritized through ihe FY 2026 budget development process. Aoolicable Area South Beach Is this a "Residents Riaht to Know" ilem. Is this itam related to a G.O. Bond pursuant to CiN Code Section 2-174 Proiect7 No No Was this Aaenda Item initiallv reouested bv a lobbvist which as defined in Code Sec. 2d87 includes a princioal enoaoed in Iobbvina4 No If so, specity the name of lobbyist(s)and principal(s): Deoartment Tourism and Culture Soonsor(sl Commissioner Joseph Magazine Co-soonsorlsl Commissioner David Suarez Condensed Title Accept Rec, Special Event Sponsorship for Swimwear Icons Hall of Fame Event. (JMIDS)TC Previous Action (For CiN Clerk Use Onlvl 1009 Committee Referrels-C4 AG MIAMIBEACH COMMISSION MEMORANDUM TO: Honoreble Mayor and Members of the City Commission FROM: CommissionerJosephMagazine DATE: February 26, 2025 TITLE: REFERRAL TO THE FINANCE AND ECONOMIC RESILIENCY COMMITTEE TO EXPAND MIAMI BEACH'S PARTNERSHIP WITH MIAMI SWIM WEEK. RECOMMENDATION BACKGROUNDIHISTORY Miami Swim Week has established itself as ihe premier global event for swimwear tashion. drawing over 30,000 attendees and representing more than 60 counmes. With an estimated annual economic impact of$75 millioq the event signifcantly boosts Miami Beach's hospitality, retail, and tourism secbrs. Reports indicate that the influx of visitors translates into thousands ot hotel room bookings, increased restaurant and dub patronage, and heightened consumer spending across [he cily. The evenCs internatlonal appeal and strong indus�ry presence ensure that Miami Beach remains at the forefront of global swimwear Uentls. Beyond its direct economic beneTts, Miami Swim Week generates massive media ezposure, accumulating over 14 billion impressions across various plaHorms, acwrtling ro a Burrelles audit. The evenl showcases Miami Beach as a luxury litestyle destination, reinforcing its reputation as a fashion rapital. Coverage from major outlets such as Forbes, Elle, and CBS News, amongst many others on social media platfortns, ampli(ies Miami Beach's global visibiliry, attracting more high-profle partnerships and corporale sponsorships. This ongoing media presence contdbutes to the city's brend identiry and sVengthens its positioning as a hub for fashion, lourism, and cultural events. The alignment behveen Miami Swim Week and Miami Beach's brand is undeniable. The event not only supports multlple industry sectors—including design, re12i1, manufacturing, and logistics—but also fuels innovation and creative expression within the swimwear industry. Miami Beach provides Ihe peAect setting, leveraging its Gimate, coastal allure, antl luxury infrastructure to attract leading designers, buyers, and inFluencers. As a result, ihe event has continuetl to evolve, expanding i[s reach and reinforcing i�s role as a key driver of economic aclivity and industry growih. We consider it appropriate to refer to the Finance an Economic Resiliency Committee a pathway for Miami Swim Week and the Ciry of Miami Beach ro have an expanded partnership in the coming years. ANALYSIS Given Miami Swim Week's proven Uack record of economic impact, metlia exposure,and industry relevance, Miami Beach should seek to expand its partnership with the event. Increased municipal suppod—whether Ihrough infrasiructure enhancemeMs, marketing collaborations, or incentives for participating businesses—would further cement [he city's status as the global leader in 1010 swimwear fashion. Atlditionally, fostering a sironger relationship with Miami Swim Week could encourage year-round fashion ac[ivations, sustaining visitor engagemen[beyond the event itself. By deepening its inves�ment, Miami Beach can maximize the long-term economic and cultural benefts of this wodtl-renowned fashion spectacle. FISCAL IMPACT STATEMENT TBD Dces this Ordinance reouire a Business Impact Estimate? (FOR ORDINANCES ONLY) If applicable, the Business Impact Estimate (BIE)was published on: See BIE at httpsJlwww miamibeachfl.aov/citwhalllcity-derk/meetinq-notices/ FINANCIAL INFORMATION CONCLUSION Aoolicable Area South Beach Is this a "Residents Riaht to Know" item. Is this item relatetl to a G.O. Bond Dursuant lo CiN Coda Section 2-777 Proiect? 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