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LTC 018-2008 Green Committee Discussion - Allocation of Boucher Bros Educational Fundsm MIAMIBEACH OFFICE OF THE CITY MANAGER ZODB JAId i 7 PM y:32 NO. LTC # 018-2008 LETT.~~yT ,.CQMMISSION TO: Mayor Matti H. Bower and Members of the City Commission FROM: Jorge M. Gonzalez, City Manag DATE: January 15, 2008 SUBJECT: Green Committee Discussion -Allocation of Boucher Brothers Scholarship and Education Funds Beginning in Fiscal Year 2006, The Boucher Brothers, as part of their Concession Agreement with the City, have donated to the City a total of $10,000 annually to be used for charitable purposes. These funds are allocated equally by the Agreement to two purposes: 1) for scholarships and contributions to philanthropic organizations with emphasis on marine related and children related recipients and; 2) for support of environmental organizations and/or programs such as Environmental Coalition of Miami Beach (ECOMB). A copy of the pertinent section of the Agreement is attached. In the past two years, 2006 and 2007, a $5,000 annual contribution (totaling $10,000) has been provided to ECOMB in accordance with the second purpose identified above. The remaining $10,000 ($5,000 for each year, 2006 and 2007) for scholarships and contributions to philanthropic organizations has not been allocated. In order to facilitate in identifying appropriate entities for the scholarship and contributions portion of funds, I am recommending that the Green Committee take on this discussion. Please let me know in the near future if there are organizations or groups that should be considered and staff will provide this information to the Green Committee as part of the reference materials. As always, please let me know if there is any additional information that staff and I can provide, or if there is a different process that you prefer to follow. Attachment C: Robert C. Middaugh, Assistant City Manager Dolores Mejia, Special Projects Administrator Ana Cecilia Velasco, Asset Manager F:\cmgr\$ALL\LTC-08\Discussion -Boucher Scholarship Funds.doc ATTACHMENT WHEREAS, on November 10, 2005, the City's Finance and City Wide Projects Committee did not recommend reopening any issues with respect to the renewal term under the Amended and Restated Agreement, except for certain "value added" enhancements offered by Boucher Brothers, and that the balance of the provisions of the Amended and Restated Agreement will not change, and as same relate to the acquisition of new capital equipment, ancillary concession-related capital improvements, and minimum monetary guarantee will remain as provided in Exhibit 1.2 thereof; NOW THEREFORE, in consideration of the premises and the mutual covenants and conditions herein contained and other good and valuable consideration, the receipt and adequacy of which are hereby conclusively acknowledged, it is agreed by the parties hereto to amend the Amended and Restated Agreement as follows effective as of the Effective Date: 1. In accordance with the provisions of Section 1.2 of the Amended and Restated Agreement, and following written notice from_Concessionaire to the City, as provided therein, the parties hereby agree to extend the term of said Agreement for the additional five (5) year renewal term, as also provided in said Section 1.2. Accordingly, said renewal term shall commence on November 6, 2006 and terminate on November 5, 2011. 2. Section 3 is amended to add a new Section 3.9 as follows: 3.9 Value Added Enhancements. Concessionaire agrees to provide the following additional "value added" enhancements: a. An annual donation to the City, in the amount of five thousand ($5000) dollars per year, throughout the renewal term, to be utilized by the City for scholarships and contributions to philanthropic organizations with emphasis on marine related and children-related recipients, based upon final determination as to recipient organization by the City. b. An annual donation to the City, in the amount of five thousand ($5000) dollars per year, throughout the renewal term, to be utilized by the City in support of environmental organizations and/or programs such as Environmental Coalition of Miami Beach (ECOMB), based upon final determination as to recipient organization by the City. All monetary donations, as delineated in 3.9(a) and 3.9(b) above, shall be submitted to the City, in full, at the commencement of each contract year, as defined in Subsection 1.1 of the Amended and Restated Agreement. 2