C7Q - License Miami Boat Show on Indian Creek

A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, AUTHORIZING THE ADMINISTRATION TO FINALIZE, IN ACCORDANCE WITH SUCH DIRECTION AS THE CITY COMMISSION MAY PROVIDE, A LONG-TERM LICENSE AGREEMENT WITH YACHTING PROMOTIONS, INC. (LICENSEE) FOR THE MIAMI INTERNATIONAL BOAT SHOW (MIBS) IN MIAMI BEACH TO RE-ESTABLISH A PORTION OF THE ANNUAL MIAMI INTERNATIONAL BOAT SHOW ON THE INDIAN CREEK WATERWAY WHICH AGREEMENT AUTHORIZES THE LICENSEE TO TEMPORARILY OCCUPY (1) A STRIP OF LAND ABUTTING THE INDIAN CREEK WATERWAY ACROSS COLLINS AVENUE FROM PARKING LOT P-71, (2) A PORTION OF PARKING LOT P-74 CONSISTING OF NO MORE THAN 150 PARKING SPACES AND (3) THE NORTHERN PORTION OF INDIAN BEACH PARK (EXCLUSIVE OF THE PLAYGROUND AREA) CONSISTING OF APPROXIMATELY 31,540 SQ FT FOR A FIVE-YEAR LICENSE PERIOD FOR THE 2026-2030 ANNUAL SHOWS SUBJECT TO PAYMENT OF AN ANNUAL LICENSE FEE OF $154,800, AND SEPARATE AND APART FROM THE LICENSE FEE, AN ANNUAL RESIDENT BENEFIT CONTRIBUTION TO THE CITY IN THE AMOUNT OF $250,000 FOR WATERWAY AND SPOIL ISLAND CLEAN UP, WATER QUALITY AND RESTORATION EFFORTS OR OTHER WATERWAY HEALTH AND SAFETY-RELATED PROJECTS; AND FURTHER, AUTHORIZING THE CITY MANAGER AND CITY CLERK TO EXECUTE THE LICENSE AGREEMENT.