R7AB - Approve Red Bull as Exclusive Sponsor

A Resolution Of The Mayor And City Commission Of The City Of Miami Beach, Florida, Waiving, By 5/7th Vote, The Formal Competitive Bidding Requirement, Finding Such Waiver To Be In The Best Interest Of The City, And Authorizing The City Manager To Negotiate An Agreement With Red Bull North America, Inc. (red Bull), As The Exclusive Energy Drink Sponsor, To Include Pouring Rights, Municipal Marketing, Vending And Dispensing On Certain City-owned Properties, Based Upon The Essential Terms Set Forth In The City Commission Memorandum Accompanying This Resolution, For A Term Of Five (5) Years; And Further Authorizing The City Manager And City Clerk To Execute The Agreement, Subject To Form Approval By The City Attorney.