C7Q - Increase Rhythm Foundation Funding to $150,000

A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ACCEPTING THE RECOMMENDATION OF THE FINANCE AND ECONOMIC RESILIENCY COMMITTEE, AT ITS JUNE 11, 2025 MEETING, TO INCREASE THE CITY’S ANNUAL FUNDING CONTRIBUTION (CITY CONTRIBUTION) TO THE RHYTHM FOUNDATION, INC. UNDER THE MANAGEMENT AGREEMENT DATED OCTOBER 23, 2019 (2019 AGREEMENT), TO A TOTAL AMOUNT OF $150,000, TO BE CONSIDERED INITIALLY AS PART OF THE FISCAL YEAR 2026 BUDGET PROCESS, AND THEREAFTER, SUBJECT TO APPROPRIATION AND APPROVAL BY THE CITY COMMISSION DURING THE BUDGET PROCESS FOR EACH FISCAL YEAR; SAID CITY CONTRIBUTION BEING SUBJECT TO REVIEW AND POSSIBLE INCREASE IN THREE YEARS, AND PROVIDED THAT THE EXISTING FUNDING SOURCES UNDER THE 2019 AGREEMENT FROM CITY GRANTS AND CULTURAL FUNDING SOURCES IS CONTINUED; FURTHER, ACCEPTING THE RECOMMENDATION OF THE CITY MANAGER AND WAIVING, BY 5/7TH VOTE, THE FORMAL COMPETITIVE BIDDING REQUIREMENT IN SECTION 2-367(E) OF THE CITY CODE, FINDING SUCH WAIVER TO BE IN THE BEST INTEREST OF THE CITY, AND APPROVING, IN SUBSTANTIAL FORM, A NEW MANAGEMENT AGREEMENT BETWEEN THE CITY AND THE RHYTHM FOUNDATION, INC., FOR A TERM OF NINE (9) YEARS, COMMENCING ON OCTOBER 1, 2028 AND EXPIRING ON SEPTEMBER 30, 2037; AND FURTHER, AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE: (I) AN AMENDMENT TO THE 2019 AGREEMENT, MEMORIALIZING THE INCREASED CITY CONTRIBUTION AND (II) THE NEW MANAGEMENT AGREEMENT.