C7K - Waive Bidding, Execute Citi Bike Concession Agr...

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 September 22, 2023 Meeting, And Of The City Manager (as Set Forth In The City Commission Memorandum Accompanying This Resolution) 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 Authorizing The City Manager To Negotiate And Execute A New Concession Agreement With Deco Bike, Llc For The Implementation, Management, And Operation Of A Self-service Bicycle Sharing Program, For A Term Of Five (5) Years, Commencing On January 1, 2025 And Expiring On December 31, 2029, Based Upon The Essential Terms Set Forth In The Term Sheet, Attached As Exhibit "1" To The City Commission Memorandum Accompanying This Resolution; And Further Approving The Terms Of The Sponsorship Agreement Between Deco Bike And Citibank, Attached As Exhibit "2" To The City Commission Memorandum Accompanying This Resolution, Authorizing The Operation Of The Program Under The Title Sponsored Name Of "citi Bike".