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<br /> <br />TO: <br /> <br />VIA: <br /> <br />FROM: <br /> <br />DATE: <br /> <br />RE: <br /> <br />City of Sunny Isles Beach <br />18070 Collins Avenue <br />Sunny Isles Beach, Florida 33 160 <br /> <br />City Commission <br />Norman S. Edelcup, Mayor <br />Lewis .1. Thaler, Vice Mayor <br />Roslyn Brezin, Commissioner <br />Gerry Goodman, Commissioner <br />George "Bud" Scholl, Commissioner <br /> <br />(305) 947-0606 City Hall <br />(305) 949-3113 Fax <br />(305) 947-2150 Building Department <br />(305) 947-5107 Fax <br /> <br />A. .Iohn Szerlag, City Manager <br />Hans Ottinot, City Allorney <br />.Iane A. lIines, CI\IC City Clerk <br /> <br />MEMORANDUM <br /> <br />The Honorable City Commission <br /> <br />A. John Szerlag, City Manager <br /> <br /> <br />Susan Simpson, Cultural and Human Services Direct <br /> <br />February 21,2008 <br /> <br />AGREEMENT WITH OFFSHORE SUPER SERIES FOR THE <br />PRODUCTION OF AN OFFSHORE POWERBOAT RACE IN AN <br />AMOUNT NOT TO EXCEED $125,000 <br /> <br />UPDA TE: <br /> <br />OSS has faxed a signed agreement; the original is in the mail. <br /> <br />Attached for your information is a budget overview/estimate of that stated in the agreement. In <br />summary, if approved, the City will be financially responsible for a total hard cost of $145,000; <br />$125,000 paid directly to OSS and $20,000 in staff expense for a 2-day event. Additionally, <br />depending on the level of sponsors recruited for this event, other costs for banners, programs, <br />etc. at the discretion of the City may cost up to $28,000. <br /> <br />All other event related expenses, including helicopters, Miami-Dade County fees, infrastructure, <br />etc., will be the financial responsibility of OSS in an amount estimated at $74,903. <br /> <br />To date, the City has the following funding available: $30,000 cash sponsor, $30,000 which was <br />budgeted for the annual fireworks, for a total of $60,000. The additional hard cost of $65,000, as <br />well as any optional costs, would require a budget amendment from the general fund providing <br />no other sponsorships are secured. <br /> <br />To be conmleted hI' Department Head To be completed bl' CiW Clerk's Oflice ~ 10.. . -. nA'\a..I I" I <br /> -..so <br />Funding a\"ailablc: Apprm.al: Agenda Item No.: IO(j <br />Finance Department City i\lanager 2-2.1-0<2 <br /> Commission i\lceting Date: <br /> <br />rlleau <br /> <br />Recommemooss Update 02210R <br />