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City of Sunny Isles Beach <br />+�+ 18070 Collins Avenue <br />}4� Sunny Isles Beach, Florida 33160 <br />(305) 947-0606 City Hall <br />(305) 949-3113 Fax <br />MEMORANDUM <br />TO: Honorable Mayor and City Commissioners <br />VIA: Stan Morris, City Manager <br />FROM: Nicholas Rakestraw, Recreation Manager <br />DATE: May 15, 2025 <br />RE: Authorization to Increase Spending Authority with Dreamkids World, LLC. for <br />Theater Classes <br />RECOMMENDATION: <br />Staff recommends approval of this resolution. <br />REASONS: <br />The City entered into a one-year contract with Dreamkids World, LLC. (F.K.A- Dream for Kids Theater, <br />LLC.), on August 9, 2024, with a first amendment to the agreement on March 31, 2025. This agreement <br />allowed Dreamkids World, LLC. to offer theater classes for residents at Pelican Community Park. <br />Dreamkids World, LLC., has maintained consistent enrollment between twenty-five and thirty-five <br />participants in the Dream for Kids Theater program. The program exceeds monthly revenue and <br />expense targets based on this enrollment. The program is nearly at capacity and is projected to exceed <br />the allotted $50,000 threshold by approximately $400 as of the end of this programming season. The <br />program adheres to a 70/30 revenue sharing agreement pursuant to the current executed contract <br />terms. In this agreement, all expenses are completely covered by participant registration fees, with 30% <br />of the fees retained by the City. Registration fees are processed by the City and consequently paid to the <br />instructor according to the aforementioned agreement. <br />Item Number: 9.K <br />254 <br />