C7S - Approve Paraiso Swim Week Sponsorship

A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ACCEPTING THE FAVORABLE RECOMMENDATION OF THE FINANCE AND ECONOMIC RESILIENCY COMMITTEE TO DIRECT THE ADMINISTRATION TO EXECUTE A RETROACTIVE SPONSORSHIP AGREEMENT IN THE AMOUNT OF $24,061.00 TO FUNKSHION LABS, THE PRODUCER OF PARAISO SWIM WEEK, AND A RETROACTIVE WAIVER OF SPECIAL EVENT FEES IN THE AMOUNT OF $6,258.85, TO PREPARE THE REQUIRED BUDGET AMENDMENT, AND TO AUTHORIZE THE CITY ADMINISTRATION TO NEGOTIATE A PROSPECTIVE FIVE-YEAR AGREEMENT WITH THE PRODUCER.