| TO: | Honorable Mayor and Members of the City Commission | | | FROM: | Alina T. Hudak, City Manager | | | DATE: | June 23, 2021 | | | |
| | SUBJECT: | 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 AND 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 AN AMENDMENT TO THE FINANCIAL TERMS OF THE
CONCESSION AGREEMENT BETWEEN THE CITY AND THE MARKET
COMPANY, INC. FOR THE MANAGEMENT AND OPERATION OF THE
LINCOLN ROAD GREEN MARKET; SAID AMENDMENT WAIVING THE
MINIMUM GUARANTEE PAYMENT, IN THE AMOUNT OF $25,000 ANNUALLY,
FOR THE PERIOD COMMENCING ON OCTOBER 1, 2020 AND ENDING ON
SEPTEMBER 30, 2022, IN ORDER TO ADDRESS THE FINANCIAL IMPACT OF
THE COVID-19 PANDEMIC ON CONCESSIONAIRE'S OPERATIONS. |
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