RESOLUTION NO. _________

RESOLUTION AUTHORIZING EXECUTION OF EXTENDED AGREEMENT FOR PROFESSIONAL CONSULTANT SERVICES WITH OVERTIME SPORTS COMPANY, LLC, AUTHORIZING BUDGET AMENDMENT FOR THE FY 2009/2010 MUNICIPAL BUDGET, AUTHORIZING PAYMENT AND FOR RELATED PURPOSES

WHEREAS, Overtime Sports Company, LLC, hereinafter “Overtime”, is an independent contractor that is in the process of recruiting a professional baseball team to locate in the City of Biloxi; and 

WHEREAS, by Resolution No. 734-04, the Mayor and City Council authorized the execution of a non-binding letter of intent with Overtime Sports Company, LLC; and

WHEREAS, by Resolution No. 103-05, the Mayor and City Council authorized execution of an Agreement for Professional Consultant Services with Overtime Sports Company, LLC; and

WHEREAS, by Resolution No. 642-09, the Mayor and City Council authorized execution of an Agreement for Professional Consultant Services with Overtime Sports Company, LLC; and

WHEREAS, the Mayor and Municipal Clerk are hereby authorized to execute on behalf of the City of Biloxi an Extended Agreement for Professional Consultant Services with Overtime Sports Company, LLC, in substantially the form as the document attached as exhibit “A”.

WHEREAS, an appropriation of resources is necessary to provide funding for the continued services of Overtime Sports Company, LLC, therefore the Fiscal Year 2009-2010 Municipal Budget  should be amended  to include an increase of $100,000.00 in Administration Budget, line item 01111-6432, namely Other Professional Services, for payment to Overtime Sports Company, LLC.;

NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BILOXI, MISSISSIPPI that:

Section 1: The findings, conclusions and statements of fact contained in the foregoing preamble are hereby adopted, ratified and incorporated herein.

Section 2: The Mayor and Municipal Clerk are hereby authorized to execute on behalf of the City of Biloxi an agreement for professional consultant services with Overtime Sports Company, LLC, in substantially the form as the document attached as exhibit “A”.

Section 3: The Municipal Budget of the City of Biloxi’s General Fund for the FY 2009-2010 is hereby amended to add $100,000.00 in Administration Department line item 01111-6432, namely Other Professional Services, to provide appropriation for the services of Overtime Sports Company, LLC.

Section 4:  Payment to Overtime Sports Company, LLC, in the amount of $100,000.00 which will be paid in four (4) installments of $25,000.00 beginning September 1, 2010 and ending December 1, 2010, is hereby authorized.