C7O - Amend Fillmore Management Agreement

A Resolution Of The Mayor And City Commission Of The City Of Miami Beach, Florida, Accepting The Recommendation Of The City's Finance And Economic Resiliency Committee, And Approving An Amendment To The Management Agreement Between The City Of Miami Beach And Live Nation Worldwide, Inc., For The Operation And Management Of The Fillmore Miami Beach At The Jackie Gleason Theater, To Account For The Significant Adverse Operational Impacts Associated With The Closure Of The Facility Since March, 2020 Due To The Covid-19 Pandemic; With Said Amendment Including: (1) The Suspension Of Live Nation's Payment Obligations Until 120 Days After The Facility Is Permitted To Host Events At Full Capacity; (2) A Credit In The Amount Of $900,000, Representing The Amounts Pre-paid By Live Nation That Are Applicable To The Period The Facility Was Closed During The 2019-20 Fiscal Year; And (3) The Terms Relating To The Completion Of Required Escalator Repairs At The Facility, In The Amount Of Approximately $162,219.46; And Further, Accepting The Recommendation Of The City Manager To Extend The Current Renewal Term Of The Agreement, With The Extension Of The Term To Correspond With The Period During Which The Facility Has Been Closed And Unable To Host Events Due To The Covid-19 Pandemic; And Authorizing The City Manager And City Attorney To Take The Necessary And Appropriate Steps To Finalize The Amendment; And Further Authorizing The Mayor And City Clerk To Execute The Amendment Upon Form Approval By The City Attorney.