HomeMy WebLinkAboutR-95-0676J-95-835
9/18/95 RESOLUTION NO 9 5 - 6 17 6
A RESOLUTION ACCEPTING THE PROPOSAL SUBMITTED BY
PARROT JUNGLE AND GARDEN, INC. FOR THE UNIFIED
DEVELOPMENT OF A BOTANICAL GARDEN ATTRACTION AND
ANCILLARY ENTERTAINMENT AND RETAIL SERVICE
FACILITIES, ON APPROXIMATELY 18.6 ACRES OF CITY -
OWNED PROPERTY LOCATED ON WATSON ISLAND;
AUTHORIZING AND DIRECTING THE CITY MANAGER TO
NEGOTIATE A LEASE AGREEMENT WITH SAID PROPOSER,
SAID AGREEMENT TO BE IN A FORM ACCEPTABLE TO THE
CITY ATTORNEY, TO BE IN COMPLIANCE WITH
APPLICABLE CITY. CHARTER AND CODE PROVISIONS, TO
BE SUBJECT TO FINAL APPROVAL OF THE CITY
COMMISSION AND TO INCLUDE CERTAIN TERMS AND
CONDITIONS MORE PARTICULARLY DESCRIBED HEREIN;
FURTHER PROVIDING THAT THE HEREIN SELECTION OF
PARROT JUNGLE AS GARDENS, INC. AS THE SUCCESSFUL
PROPOSER DOES NOT CONFER ANY CONTRACTUAL RIGHTS
UPON SAID PROPOSER UNLESS AND UNTIL THERE HAS
BEEN A FAVORABLE VOTE BY THE ELECTORATE AS
REQUIRED BY CITY CHARTER SECTION 29-C AND THE
PROPOSED AGREEMENT HAS BEEN EXECUTED BY THE CITY
OF MIAMI; FURTHER PROVIDING THAT IN THE EVENT AN
AGREEMENT WHICH IS FAIR AND REASONABLE TO THE
CITY CANNOT BE REACHED, THE CITY MANAGER MAY
DISCONTINUE NEGOTIATIONS AND THIS SELECTION
PROCESS SHALL TERMINATE WITHOUT FINANCIAL OR
LEGAL LIABILITY TO THE CITY.
WHEREAS, the City Charter and Code provide for unified
development projects ("UDP's") for improvements to real property
owned or to be acquired by the City, such UDP's to consist of an
integrated package of planning, design, construction, leasing and/or
management services; and
WHEREAS, the City Commission, by Resolution No. 95-415 adopted
May 25, 1995, authorized the issuance of a Request for Proposals
CITY COMMISSION
MEETING OF
S E P 2 8 1995
Resolution No.
95- f'.6
-J
(RFP) on May 30, 1995,, for the development of a Botanical Garden
Attraction and ancillary entertainment and retail services facilities
on Watson Island, as a previously designated UDP; and
I
i WHEREAS, the City Commission appointed members to a Review
Committee and selected the certified public, accounting firm of Sanson
Kline Jacomino and Company in association with the firm of Watson
Rice Hadnott Thompkins & Cruz, P.A.,to evaluate proposal submissions;
and
WHEREAS, on August 29, 1995, the City of Miami received one
proposal in response to the RFP; and
WHEREAS, said certified public accounting firm analyzed the
proposal based on the evaluation criteria set forth in the RFP and
rendered a written report to the City Manager; and
WHEREAS, said Review Committee evaluated the proposal in
accordance with the evaluation criteria set forth in the RFP, and
rendered a written report to the City Manager of its findings; and
WHEREAS, the City Manager, taking into consideration the
findings of the certified public accounting firm and of the Review
Committee, recommends the acceptance of the proposal submitted by
Parrot Jungle and Gardens; and
WHEREAS, the City Manager has transmitted to the City Commission
his recommendations and has included written reports from the
aforementioned certified public accounting firm and Review Committee;
and
WHEREAS, the above actions and procedures have been performed in
accordance with applicable City Charter and Code provisions,
particularly those pertaining to UDP's as delineated in Charter
Section 29-A and 29-C and Code Section 18-52.9;
L
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF
MIAMI, FLORIDA:
Section 1. The proposal submitted by Parrot Jungle and Gardens,
Inc. for the Unified Development of a Botanical Garden Attraction and
ancillary entertainment and retail services facilities on not more
than 18.6 acres of City -owned property located on Watson Island,
Miami, Florida is hereby accepted.
Section 2. The City Manager is hereby authorized and directed
to negotiate an agreement with the selected proposer, said agreement
to be in a form acceptable to the City Attorney, to be in compliance
with applicable Charter and Code provisions, to be subject to final
approval of the City Commission, and to contain, without limitation,
the following provisions:
a) The term of lease shall not exceed forty-five (45) years with
one fifteen (15) year renewal option,
b) The successful proposer shall pay to the City an amount not
less than $200,000 as the minimum annual guaranteed base
rent, which may be adjusted annually subject to Consumer
I
Price Index increases over the lease term, or, 5% of gross
! receipts from the general attraction operation plus 5% of
gross receipts from retail and banquet operations, whichever
is greater,
c) The successful proposer shall be responsible to construct
improvements to the property in an amount not less than
$3,000,000 as specified in its proposal and pursuant to the
provisions of the RFP,
3
9 5 - 61.76
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Section 3. The herein selection of the successful proposer does
not confer any contractual rights to said proposer unless and until
there has been a favorable vote cast by the electorate at a
referendum and an agreement has been executed by the City of Miami.
Section 4. In the event that an agreement which is fair and
reasonable to the City cannot be reached with the successful
proposer, the City Manager is hereby authorized to discontinue
s
negotiations and this selection process for the specified UDP shall
terminate without any financial or legal liability to the City.
Section 5. This Resolution shall become effective immediately
upon its adoption.
PASSED AND ADOPTED this 28th day of September, 1995.
STE HEN P. CLA K, MAYOR
ATTE / .
4WALTER J. MAN
C RK
1
PREPARED AND APPROVED BY:
IiTDA K. KEARSON
ASSISTANT CITY AT ORNEY
APPROVED AS TO FORM AND
CORRECTNESS:
CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
To: Honorable Mayor and Members
of the City Commission
Cesa o
FROM : City er
RECOMMENDATION:
DATE : 5EP 19 1995 FILE :
SUBJECT Acceptance of proposal for the
development of Botanical Garden
Attraction on Watson Island
REFERENCES: For City Commission
meeting of 9/28/95
ENCLOSURES:
It is respectfully recommended that the City Commission adopt the
attached Resolution to accept the proposal submitted by Parrot Jungle
and Gardens, Inc. for the Unified Development of a Botanical Garden
Attraction and ancillary entertainment and retail service facilities,
on not more than 18.6 acres of City -owned property located on Watson
Island. The legislation would also authorize the City Manager to
negotiate a lease agreement with said proposer, including particular
terms and conditions listed in the Resolution and subject to final
approval of the City Commission. The legislation contains additional
disclaimers regarding contractual rights of said proposer (not until
there has been a favorable vote of the electorate, as required by
City Charter and the agreement has been executed by the City), and
provides for the termination of the process without financial or
legal liability to the City in the event that negotiations fail.
BACKGROUND:
The Department of Community Planning and Revitalization (CPR) has
administered the Unified Development Project (UDP) process for the
development of a Botanical Garden Attraction and ancillary
entertainment and retail service facilities on Watson Island. In
accordance with applicable City Charter and Code provisions, this UDP
has obtain the following approvals from the City of Miami Commission:
1. Declaration of the project as a UDP.
2. Authorization to issue the Request of Proposals (RFP) document.
3. Appointment of members to a Review Committee
4. Selection of a Certified Public Accounting (CPA) firm.
Pursuant to public notice, one sealed proposal was received by the
City Clerk on August 29, 1995. Evaluation of the proposal has been
completed by the Review Committee and the CPA firm. Their
independent written reports have been submitted to the City Manager
and forwarded to the Commission. Taking these reports into
consideration, the City Manager recommends the acceptance of the
proposal submitted by Parrot Jungle and Gardens, Inc. Adoption of
I
Honorable Mayor and Members
of the City Commission
Page two
the attached Resolution to accept that proposal is recommended, so
that we may proceed to place the item before the voters on the
November 7, 1995 election and so that we may begin to negotiate a
lease agreement with the successful proposer. If authorized to
commence negotiations with the successful proposer for a lease
agreement, these minimal terms and conditions will be included:
a) A term not exceed forty five (45) years with one fifteen (15) year
renewal option.
b) A minimum guaranteed base rent of $200,000, or, 5% of gross
revenues for the general attraction operations and 5% of gross
revenues for the retail and banquet operations component,
whichever is greater.
c) A minimum investment in property improvements of not less than
$3,000,000. The proposal of Parrot Jungle and Gardens,Inc.
stipulates an initial investment of $ 26,308,035.
Note: This is a companion item to a Resolution which would place the
proposed lease on the November 7, 1995 general election as a
referendum item.
Attachments:
.............Proposal Highlights
.............Review Committee's Report
CPA Report
Proposed Resolution
IN
Highligl..., of the Parrot Jungle and Gard s Proposal
for
The Watson Island Botanical Garden Attraction:
♦ Proposed by Parrot Jungle and Gardens of South Miami, owned and operated by Dr. Bern
Levine.
♦ First new visitor attraction constructed in South Florida for more than ten years, scheduled to
open in winter of 1998, if approved.
♦ Unique style and type of family attraction proposed will advance the City's waterfront strategy
of promoting environmental and educational tourism.
♦ Minority contractor (CW Construction) and design team (Spillis, Candela), as well as extensive
minority employment programs (through Vincam Duman Resources).
♦ $26.5 million in overall capital improvements, including:
• two 1,000 seat open air amphitheaters
• enclosed educational center and terrarium
• 1,000 seat enclosed banquet facility and 500 seat enclosed family attraction theater
• 10+ acres of open spaces, gardens and tropical exhibits including recreational beach front
area
• 500 car parking garage
• enhancements to islands utility infrastructure, circulation roads, parking facilities, park lands
and public boat ramp.
Significant financial return to City of Miami in the form of:
• a 45 year lease term with a base rent of $200,000 per year
• 5% of gross revenues (estimated at $400,000+ per year)
• island improvements, such as parking, roads, signage and landscaping
• job generation within City of Miami
• ad valorem taxes estimated at $250,000+per year
♦ Conforms to all RFP requirements and design standards including:
• evidence of financing committments and capabilities -- $100,000 letter of credit submitted
• agreed lease term and conditions (minimum base rent, percentages of gross revenues)
• heavy use of vegetation and natural materials
• structural/enclosed square footage within established parameters (retail, restaurant, banquet
space, amphitheaters and exhibits)
♦ Enhancement/preservation of Japanese Gardens and historical "Brown House" structure, in
accordance with appropriate agencies such as Dade Heritage Trust and the Ricoh Corporation.
♦ Program affiliations with local educational and cultural facilities including expansion of
programs at current facility which emphasize service to disadvantaged and low income areas.
♦ Full utilization of available development program to create economically viable attraction
including special event services and ancillary restaurant and retail uses.
♦ Architectural and Landscape design elements appropriate to Miami and South Florida, with two
thirds of the project site utilized for open spaces, gardens and natural exhibits.
95- e- 16
L
C
JACK L. LUFT
Director
September 18, 1995
Mr. Cesar H. Odio
City Manager
City of Miami
3500 Pan American Drive
Miami, Florida 33133
Dear Mr. Odio:
CESAR H. ODIO
City Manager
One proposal was received in response to the City of Miami's Request for Proposals ("RFP") for
the Unified Development Project ("UDP") of a Botanical Garden Attraction for Watson Island.
The Review Committee ("Committee") selected to evaluate the proposal convened a total of
three meetings and on September 12, 1995 voted to recommend to the City Manager the
acceptance of the proposal received from Parrot Jungle and Gardens, Inc, with a rating of
excellent.
The proposal evaluation was based on the following eight criteria outlined in the RFP document:
1. Experience of the proposing entity .........................15
2. Capability of the Development Entity....................15
3. Financial capability of the proposing entity ........... 15
4. Financial return to the City.....................................15
5. Overall design of the proposed development ......... 15
6 Management and Operational Plan.........................15
7. Extent of minority participation..............................10
8. Local firm(s) participation . .. ...........................6
Total Maximum Points................................................106
_ In accordance with the City of Miami Charter, Section 29-A(c) and the City of Miami Code,
Section 18-52.9, enclosed is the Committee's Final Report outlining its deliberations and
evaluation of the proposal submission.
DEPARTMENT OF COMMUNITY PLANNING AND REVITALIZATION
nrvri flnnirNT nIVISI(1N / inn RkravnP Rlvrl. Way. SuiIP 400/Miami, FI 33131/(305) 579-3366/ Telecopier: (305b3 -5710
I.,
Cesar H. Odio
Page 2
On behalf of the entire Committee for the Botanical Garden Attraction UDP, we appreciate the
opportunity to participate with you in bringing to Miami a development project which
appropriately fits with the existing waterfront uses of Miami and significantly contributes to the
prosperity of our community.
Sincerely,
r
i
Ailip Fr Bl be gJ
Chairman
Enclosures
L
WATSON ISLAND
BOTANICAL GARDEN ATTRACTION
UNIFIED DEVELOPMENT PROJECT
REVIEW COMMITTEE
FINAL. REPORT TO THE
CITY MANAGER
SEPTEMBER 1995
95- 676
TABLE OF CONTENTS
PAGE
ReviewCommittee............................................................................................................. 1
Background......................................................................................................................... 3
Proceedings......................................................................................................................... 3
Evaluation........................................................................................................................... 5
Findings.............................................................................................................................. 6
Recommendation................................................................................................................ 7
APPENDIX A. Evaluation and Voting Summary Forms
REVIEW COMMITTEE
PHILIP BLUMBERG
American Ventures Corp.
WILLIAM TALBERT
Chief Operations Officer
Greater Miami Convention and Visitors Bureau
MATTHEW CICERO
Real Estate Ventures
DAVE HILL
Prestige Properties
JAMES TAYLOR
Bellon & Taylor, Architects
MEMBERS OF THE CITY
ENRIQUE NUNEZ
Landscape Architect
Public Works
KAREN COPLIN-COOPER
Planner
Department of Community Planning and Revitalization
ALBERT RUDER
Director
Department of Parks and Recreation
SHARLENE ADELMAN
Project Manager
Office of Asset Management
-1- �y
6176 9
Support Staff
JACK LUFT
Director
Department of Community Planning and Revitalization
DIANNE JOHNSON
Development Coordinator
Department of Community Planning and Revitalization
COURTNEY D. ALLEN
Project Representative
Department of Community Planning and Revitalization
MARIA M. PEREZ
UDP Coordinator
Department of Community Planning and Revitalization
LINDA K. KEARSON
Assistant City Attorney
Law Department
10
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95_ 676
BACKGROUND
On February 9, 1995 the City Commission adopted Resolution No. 95-99, declaring that the
most advantageous method to develop certain improvements at the Property is through the
Unified Development Project ("UDP") process that seeks to procure an integrated development
package from the private sector including planning and design, construction, leasing and
management of the Property.
On May 25, 1995, the City Commission adopted Resolution No. 95-415 authorizing the issuance
of this Request for Proposals (the "RFP") on May 30, 1995, as required by the City Charter and
Code sections regarding UDPs.
The City Commission, through Resolution No. 95-559, appointed nine members to a Review
Committee ("Committee") charged with evaluating proposals in response to the City issued RFP
and to render a written evaluation of its findings to the City Manager as required by City of
Miami Charter Section 29-A(c) for Unified Development Projects. Resolution No. 95-559
further selected Sanson, Kline and Jacomino & Co., Certified Public Accounting ("CPA") firm,
with the minority owned firm of Watson, Rice, et al, to analyze the financial capability, viability,
lending commitment, and projections of the proposal submissions.
The RFP document issued May 30, 1995, sought a unified development package from a private
entity to include planning and design, construction, leasing and management of a Botanical
Garden Attraction with ancillary restaurant and retail uses. The Parrot Jungle and Garden, Inc.
proposal was the only response that the City received on the proposal submission due date of
August 29, 1995.
PROCEEDINGS
The Committee, appointed by the City Commission, held a total of three (3) meetings.
Throughout the proceedings, the Committee observed requirements as set forth in the
"Government in the Sunshine" Law and "Public Records" Act. All meetings were advertised
and recorded.
The first meeting of the Committee was held on August 22, 1995. At this time, the Committee
was briefed on the Unified Development Project process and its responsibilities for evaluating
the proposal submission. The Department of Community Planning and Revitalization staff
informed the Committee with respect to the Botanical Garden Attraction RFP. In addition, the
Chairperson of the Committee was selected. Mr. Philip Blumberg was chosen, and he accepted
the position.
The second meeting of the Committee was held on September 5, 1995, during which the
Committee discussed the proposal's compliance with the submission requirements in the RFP
document and the rating system that would be utilized to evaluate the proposal received.
-3-
:�— Lie 6
In addition, the Committee discussed issues that required additional clarification from the
proposer. The requests for additional clarification were forwarded to the proposer by staff. It
was decided that the proposer should conduct an oral presentation of the overall development
proposal to the Committee, immediately following the scheduled CPA presentation.
The third meeting of the Committee was held on September 12, 1995 at which time the
representatives of the CPA team (Sanson, Kline and Jacomino in association with Watson, Rice,
Thompkins et al) introduced the preliminary analysis of the Parrot Jungle and Garden, Inc.
proposal, stressing the financial aspects of the proposed development. The CPA team advised
the Committee that the financial information presented by the proposer in its proposal to the
City, is considered to be a satisfactory financial commitment with respect to the undertaking of
this development project. There were some concerns expressed by the CPA as regards the
following:
0 The financing strategies of the proposer were insufficient to accurately assess viability.
0 The estimated ad valorem taxes and debt service amounts, as they appear within the proposal
projections, were considered low for a project of this size (capital investment and acreage).
0 The proposed reimbursement to the developer for off -site improvements is a negotiable item
and cannot accurately be assessed based on the information provided within the proposal.
0 Revenue sources that are considered to be of crucial importance to the success of this venture
were not analyzed, and therefore the CPA is unable to assess their viability or capabilities as
an offset to expenses.
After the CPA presentation, the principal developer and operations/management team for the
Parrot Jungle and Garden, Inc. presented the overall development plan for the proposed facility,
and optional restaurant and retail uses. The development team also answered questions directed
by the Committee in the areas of project development and financing.
-4-
17, 95-- 6176
City of Miami Charter Section 29-A(c), Unified Development Project, requires the Committee
to "evaluate each proposal based only on the evaluation criteria applicable to the Review
Committee and contained in the Request for Proposals".
Section VI of the RFP document included an extensive outlay of the criteria that would be used
to evaluate the proposals. The evaluation criteria was as follows:
Value(Points)
1. Experience of the proposing entity .........................15
2. Capability of the Development Entity ....................15
3. Financial capability of the proposing entity ........... 15
4. Financial return to the City .....................................15
5.Overall design of the proposed development ......... 15
6 Management and Operational Plan ..........................15
7. Extent of minority participation .............................10
8. Local firm(s) participation..............I.........................6
Total Maximum Points .......... 106
The above matrix was established to evaluate, rank and recommend proposals submitted in
response to said RFP. Nevertheless, the Committee had only one proposal to consider, therefore,
each member of the Committee evaluated all relevant components of the proposal and voted by
assigning points according to the matrix illustrated above.
Each individual member of the Committee then totaled their points and decided if the points
were sufficient to give a recommendation or rating of --
+ Zero (0) - indicating a "substandard" proposal.
o One (1) - indicating a "satisfactory" proposal.
v Two (2) - indicating an "excellent" proposal.
The Committee then totaled all of their individual ratings (please refer to Appendix A.
Evaluation and Voting Summary Forms). It was decided at the second meeting that if these
aggregate ratings equaled nine (9) or above then the Committee would forward an overall rating
of "excellent°' for this proposal. The total of all individual Committee members ratings was
fifteen (15), which indicated an excellent rating with no prejudice. The Committee did want to
forward comments and suggestions to the City Manager, City Commission and Administration
as regards the following items.
-5-
95-6
FINDINGS
• The proposer is a long standing member of the Greater Miami Convention and Visitors
Bureau in good standing, and is considered to be a true asset to the community as it is a
family oriented attraction of high quality.
• The City has been hard pressed for some time now just to maintain, much less improve, the
public park lands on Watson Island. This project represents a significant step in the right
direction in terms of improving public lands and providing first rate facilities for the citizens
and visitors of Miami.
• This is a homegrown business: the owner is a Dade County and South Florida native. The
advantages that an attraction of this nature represents, in terms of public waterfront
improvements, financial benefits to the City and Region, and tourism, should be considered.
In addition, this development takes advantage of a high profile location that is under-utilized
and deteriorated. This development will serve as a crown piece to our City, something we
can truly be proud to support.
• The proposer has all the necessary experience as is evidenced by their current facility and
operation.
• The design team that has been assembled is excellent and very capable, with a professional
expertise and reputation for highly significant projects in high profile areas.
• The Committee recommends that the financing strategy of the proposer be scrutinized, by the
appropriate professionals, during the final lease negotiations.
• When the City negotiates the financial return in the final lease, it should attempt to maximize
profits. However, it should also strongly consider the benefits of this facility being located in
the City, and the benefits that this facility will bring to other public lands on Watson Island --
such as new roads, parks and infrastructure -- without ignoring the intrinsic value of the land
being considered for lease and development.
• In terms of the overall proposed design, the City should stay close to the concept proposed.
The City should allow the majority of the improvements to be located within the leasehold
and therefore revenue producing. This maximizes the benefit of the overall development
while minimizing the associated costs. The final design should be oriented to South Florida
and Miami, and appropriate to the island atmosphere.
• Special consideration should be given to the Japanese Garden facility. The proposed
enhancement to this facility is eagerly awaited and very necessary. The tie-in with the
Botanical' Garden Attraction is excellent.
JU -6-
95- 6 d
N
• In terms of minority involvement, the initial proposal is moderate, especially in regards to
African -American and women participation, however, it should be noted that the entity will
hire a considerable number of persons locally and therefore inevitably benefit these groups.
The City should attempt to increase the minority opportunities as a stipulation of the lease
agreement.
• In terms of management and operational experience, the proposer is considered by the
Committee as extraordinarily qualified and experienced. In fact, special consideration should
be given to this area in the lease provision concerning "assignment" to ensure that the City
will have this kind of operator throughout the lease term.
• The local firm participation rule should be "de-emphasized" as this facility will be operating,
and the proposer will be headquartered, within the City limits, if approved. Therefore, the
operator and the park will be considered a local firm once development rights are granted.
RECOMMENDATION
The following motion was adopted by the Committee unanimously:
The Committee recommends the acceptance of the proposal
submitted by the Parrot Jungle and Garden, Inc. for the
development and management of the Botanical Garden
Attraction Project.
All correspondence between the Committee, City Staff, Sanson, Kline and Jacomino & Co.;
proposal documents; supplemental materials; tape recordings of the Committee meeting; and any
other materials related to the Botanical Garden Attraction project are on file and available at the
City of Miami Department of Community Planning and Revitalization, Development Division.
95--'
APPENDIX A.
EVALUATION AND VOTING SUMMARY FORMS
95- 6176 17
-j
City of Miami
UNIFIED DEVELOPMENT PROJECT
SUMMARY r"^'60 Ak
:RENCE: City of Miami Administrative Policy No. 1-89
lot:
Botanical Garden Attraction on Watson Island
COMMITTEE MEMBER
INDIVIDUAL RANK
Philip Blumberg
Bill Talbert
p2
-
Dave Hill
Mat Cicero
James Taylor
Albert Ruder
Enrique Nunez
Sharlene Adelman
Karen Coplin-Cooper
TOTAL EACH COLUMN
/
City of Miami
-
.....�, UNIFIED DEVELOPMENT PROJECT
EVALUATION FORM
REFERENCE: city of Miami Administrative Policy No. 1-89
INSTRUCTIONS: 1. Subjective Evaluation to be completed by Committee Members.
Rank:
2. Points assigned column to be completed by Development staff.
Project
Botanical Garden Attraction on Watson Island
Proposer.
SUBJECTIVE EVALUATION
(SE)
CALCULATIONS
Parrot Jungle and Gardens
Excellent
Poor
POINTS
ASSIGNED
CALCULATED
VALUE
EVALUATION CRITERIA
6
5
4
3
2
1
0
(PA)
(SE x PA)
Experience of the Proposer Entity
15
9Q
Capability of the Development Entity
/
15
Financial Capability,
' /
15
�h O
Level of Financial Commitment
Financial Return to the City
J
15
Overall Project Design
15
Extent of Minority Participation
/
10
Other. Management & Operational lan
15
Q
6
Local firm participation
Other
TOTAL
To Be Used For Tie Breaking TOTAL
+ + + + + +
Purpose Only
Committee Member.
C
Name Printed Signature Date
P/
—J
,�,rtv of iviiami
7;
UNIFIED DEVELOPMENT PROJECT.
V
EVALUATION FORM
REFERENCE: City of Miami Administrative Policy No. 1-89
INSTRUCTIONS: 1. Subjective Evaluation to be completed by Committee Members.
Rank: �7
2. Points assigned column to be completed by Development staff.
Project
Botanical Garden Attraction on Watson Island
Proposer.
SUBJECTIVE EVALUATION
(SE)
CALCULATIONS
Parrot Jungle and Gardens
Excellent
Poor
POINTS
ASSIGNED
CALCULATED
VALUE
EVALUATION CRITERIA
6
5
4
3
2
1
0
(PA)
(SE x PA)
Experience of the Proposer Entity
/�
15
q6
Capability of the Development Entity
X
15
q 6
Financial Capability,
15
/ 0
Level of Financial Commitment
Financial Return to the City
15
6 d
Overall Project Design
y
15
Extent Minority Participation
X
10
a
of
Other.
X
15
Management & OT a at; onn'lP1 an
Local firm participation
6
Other.
TOTAL 106• s%ifl
To Be Used For Tie Breaking TOTAL + + + + + + —
—
Purpose Only
Committee Member.
Name Printed gnature Date
i
0 D — Ib'ra
M
;��� "' •, City of Miami
UNIFIED DEVELOPMENT PROJECT..
EVALUATION FORM
REFERENCE: City of Miami Administrative Policy No. 1-89
INSTRUCTIONS: 1. Subjective Evaluation to be completed by Committee Members.
Rank:
2. Points assigned column to be completed by Development staff.
Project
Botanical Garden Attraction on Watson Island
Proposer.
SUBJECTIVE EVALUATION
CALCULATIONS
Parrot Jungle and Gardens
(SE)
Excellent
Poor
POINTS
ASSIGNED
CALCULATED
VALUE
EVALUATION CRITERIA
6
5
4
3
2
1
0
(PA)
(SE x PA)
Experience of the Proposer Entity
X
15
O
Capability of the Development Entity
`/
15
Financial Capability,
15
Level of Financial Commitment
Financial Return to the City
X
15
CoD
Overall Project Design
15
/` D
Extent of Minority Participation
X
10
So
Other. nagement & Operat; 1 P1
15
` ID
o arm an
6
l.P
Local firm participation
Other.
TOTAL
106•
41l
To Be Used For Tie Breaking TOTAL + + + + + +
—
—
Purpose Only
Committee Member.
C�
11219b
Name Printed Signatu
Date
IN • .,,,\ City of Miami
' UNIFIED DEVELOPMENT PROJECT
EVALUATION FORM
REFERENCE: City of Miami Administrative Policy No. 1-89
INSTRUCTIONS: 1. Subjective Evaluation to be completed by Committee Members.
Rank:
2. Points assigned column to be completed by Development staff.
Project:
Botanical Garden Attraction on Watson Island
Proposer.
SUBJECTIVE EVALUATION
CALCULATIONS
Parrot Jungle and Gardens
(SE)Excellent
Poor
POINTS
ASSIGNED
CALCULATED
VALUE
EVALUATION CRITERIA
6
5
4
3
2
1
0
(PA)
(SE x PA)
Experience of the Proposer Entity
15
Capability of the Development Entity
15
O
Financial Capability,
15
Level of Financial Commitment
Financial Return to the City
15
3�3
Overall Project Design
15
O
10
Extent of Minority Participation
15
Other. Management & Operational Plan
6
Local firm participation
Other.
TOTAL 106•
To Be Used For Tie Breaking TOTAL + + + + + + —
Purpose Only
Committee Member.
ar—�
��k
Name Printed Signature Date
00— U d 0
s/
City of Miami
UNIFIED DEVELOPMENT PROJECT
EVALUATION FORM
REFERENCE: City of Miami Administrative Policy No. 1-89
INSTRUCTIONS: 1. Subjective Evaluation to be completed by Committee Members.
Rank:
2. Points assigned column to be completed by Development staff.
Project
Botanical Garden Attraction on Watson Island
Proposer.
SUBJECTIVE EVALUATION
(SE)
CALCULATIONS -
Parrot Jungle and Gardens
Excellent
Poor
POINTS
ASSIGNED
CALCULATED
VALUE
EVALUATION CRITERIA
6
5
4
3
2
1
0
(PA)
(SE x PA)
Experience of the Proposer Entity
X
15
90
Capability of the Development Entity
`/
15
Financial Capability,
V
/�
15
Level of Financial Commitment
Financial Return to the City
x
15
Overall Project Design
R
15
G� O
Extent of Minority Participation
j(
10
aQ
Other. Management &OperationalPlan
x
15_
�
Local firm participation
X
6
Other.
TOTAL
106: L}'�
To Be Used For Tie Breaking TOTAL
+ + + + + + _
Purpose Only
Committee Member.
A i.�p.vF-:rb 1� ��.� iz- 9
Name Printed Signature Date
G
gib- U,7u
City of Miami
.....;;.�.,� UNIFIED DEVELOPMENT PROJECT
EVALUATION FORM
REFERENCE: City of Miami Administrative Policy No. 1-89
INSTRUCTIONS: 1. Subjective Evaluation to be completed by Committee Members.
Rank:
2. Points assigned column to be completed by Development staff.
Project
Botanical Garden Attraction on Watson Island
Proposer
SUBJECTIVE EVALUATION
(SE)
CALCULATIONS
Parrot Jungle and Gardens
Excellent
Poor
POINTS
ASSIGNED
CALCULATED
VALUE
EVALUATION CRITERIA
6
5
4
3
2
1
0
(PA)
(SE x PA)
Experience of the Proposer Entity
15
Capability of the Development Entity
15
Financial Capability,
15
Level of Financial Commitment
�/
7
Financial Return to the City
�%
15
Overall Project Design
\ J
�(
15
d
Extent of Minority Participation
10
O
Other. Management & Ode a jona1 tan
15
p� h
( V
6
Local firm participation
Other.
TOTAL 106- 6� /
To Be Used For Tie Breaking
TOTAL + + + + + +
Purpose Only
Committee Member.
SG� r�� rt �. ��l wti ►1�,���±��-z?�� q 1 1 Z- 1
Name Printed Signature Date
City of Miami
�. UNIFIED DEVELOPMENT PROJECT
EVALUATION FORM
REFERENCE: City of Miami Administrative Policy No. 1-89
INSTRUCTIONS: 1. Subjective Evaluation to be completed by Committee Members.
2. Points assigned column to be completed by Development staff.
Project
Botanical Garden Attraction on Watson Island
Proposer.
SUBJECTIVE EVALUATION
(SE)Excellent
CALCULATIONS
Parrot Jungle and Gardens
POINTS
ASSIGNED
CALCULATED
VALUE
EVALUATION CRITERIA
6
5
4
3
2
1
0
(PA)
(SE x PA)
Experience of the Proposer Entity
k
15
Capability of the Development Entit
15
p
Financial Capability,
k
15
Level of Financial Commitment
Financial Return to the City
X
15
'7 \
15
Gj
Overall Project Design
X
o
Extent of Minority Participation
J(
COD
15
Other. Management & Operational -an Plan
�
—PI
Local firm participation
Other.
TOTAL W, 106 4g-
To Be Used For Tie Breaking TOTAL + + + + + + _
Purpose Only
Committee Member
Name Printed Signature Date
D JDL/AL_001 Rev. 04/88 1 _ C 7 6
�,,• �.,,, City of Miami
UNIFIED DEVELOPMENT PROJECT
` EVALUATION FORM
REFERENCE: City of Miami Administrative Policy No. 1-89
INSTRUCTIONS: 1. Subjective Evaluation to be completed by Committee Members.
Rank:
2. Points assigned column to be completed by Development staff.
Project
Botanical Garden Attraction on Watson Island
Proposer.
SUBJECTIVE EVALUATION
(SE)Excellent
CALCULATIONS
Parrot Jungle and Gardens
Poor
POINTS
ASSIGNED
CALCULATED
VALUE
EVALUATION CRITERIA
6
5
4
3
2
1
0
(PA)
(SE x PA)
Experience of the Proposer Entity
X
15
�0
Capability of the Development Entity
X
15
Financial Capability,
15
/_ Q
V
Level of Financial Commitment
Financial Return to the City
X
15
60
Overall Project Design
X
15
7�
Extent of Minority Participation
X
10
15
Q
Other. Management & O�gI-ari�nal Plan
I
X1
6
Local firm participation
Other.
TOTAL 1Q6' 2
To Be Used For Tie Breaking TOTAL + + + + + +
Purpose Only
Committee Member.
Name Printed ) Signat r Date
,0'1f6 IDL/AL 001 Rev. 04/88 1
95- 6176
�
City of Miami
UNIFIED
DEVELOPMENT PROJECT
Gf,Cb.t��o- EVALUATION FORM
REFERENCE: City of Miami Administrative Policy
No. 1-89
INSTRUCTIONS: 1. Subjective Evaluation to be completed by Committee Members.
Rank:
2. Points assigned column to be
completed by Development staff.
Project
Botanical Garden Attraction on Watson Island
Proposer
SUBJECTIVE EVALUATION
CALCULATIONS
Parrot Jungle and Gardens
(SE)
Excellent
Poor
POINTS
ASSIGNED
CALCULATED
VALUE
EVALUATION CRITERIA
6
5
4
3
2
1
0
(PA)
(SE x PA)
Experience of the Proposer Entity
15
Capability of the Development Entity
15
'7*"
�
Financial Capability,
15
Level of Financial Commitment
Financial Return to the City
15
Overall Project Design
15
10
Extent of Minority Participation
Otherr.
15
Management & Operational lan
6
Local firm participation
Other.
TOTAL
106
tea.
To Be Used For Tie Breaking
TOTAL + + + + + +
Purpose Only _
Committee Member.
n �: �� ; s
Name P inted
Signature
Date
i
D DL/AL 001 Rev. 04/88
of �
er U v : �Ly
DEVELOPER PROPOSAL EVALUATION
PARROT JUNGLE & GARDENS, INC.
FOR THE UNIFIED DEVELOPMENT PROJECT-
WATSON ISLAND BOTANICAL GARDEN ATTRACTION
CITY OF MIAMI
PREPARED FOR:
MR. CESAR H. ODIO
CITY MANAGER
SEPTEMBER 19, 1995
PREPARED BY:
SANSON, KLINE, JACOMINO & COMPANY
782 NW LEJEUNE ROAD - SUITE 650
MIAMI, FLORIDA 33126
I
95-�
3
L
SKJ SANSON, KLINE, JACOMINO
& Company
CERTIFIED PUBLIC ACCOUNTANTS
LEjEUNE CENTRE 781 N.W. LEjEUNE ROAD SUITE 650 MIAMI, FLORIDA 33126
September 19, 1995
Mr. Cesar H. Odio
City Manager
City of Miami
P.O. Box 330708
Miami, Florida 33233
Dear Mr. Odio:
TEL (30S) 442-2470
FAX (305) 442-2850
Attached is our evaluation and analysis of the Parrot Jungle & Gardens, Inc. proposal for
the Unified Development Project- Watson Island Botanical Garden Attraction.
The purpose of our engagement, as specified in the Request for Proposal (RFP), was to
review and evaluate the Parrot Jungle & Gardens, Inc. proposal based on the criteria
established in the City of Miami, Florida's (the "City") RFP:
As a result of our procedures, we have identified three major concerns in the proposal.
The concerns have been identified as follows:
(1) The sources and structure of the $10,000,000 in financing strategies relating to
equity, gifts and grants have not been sufficiently detailed in the proposal. We
found no evidence as to commitments from third parties to substantiate these
financing strategies. We were informed by the proposer that it will be difficult to
obtain these commitments without developer rights.
(2) Certain adjustments were made to the five year net cash flow projections resulting
in a net cash flow deficit of approximately $1,703,000 at the end of the five year
period. We were informed by the proposer that the following factors should be
considered:
■ Parking and banquet facility revenues were not included in the cash
flow projections in order to show a more conservative projected profit
and loss statement.
■ The proposer will be requesting from the city a reimbursement
for roads, parking, drainage, sewers, irrigation and landscaping
costs incurred outside the leasehold area. The request will be
between $2.5 to $5 million, including approximately $1,632,000
during the first five years of operation.
N
3y
(3) The open admission price for adults of $15.95 appears to be higher than most
comparable zoological, botanical and aviary attractions in Florida. The
average open admission price for adults for nine comparable attractions in
Florida was $10.41, including $10.95 for the existing Parrot Jungle & Gardens.
We were informed by the proposer that over the next two years the open
admission price will rise to $12.95 at the existing Parrot Jungle & Gardens.
We presented our findings to the Review Committee on September 12, 1995 solely to
assist them in their independent evaluation of the proposal.
The following report is based solely on the information provided in the proposal and is
supplemented by clarified explanations made during discussions with the proposers.
Although we have analyzed the projections and assumptions included in the proposal, our
purpose was not to attest to the individual amounts or assumptions, but to evaluate the
proposal based on the specified criteria in the RFP. Our engagement did not constitute
an examination of prospective financial statements in accordance with standards
established by the American Institute of Certified Public Accountants. Accordingly, we do
not express an opinion or any other form of assurance on any of the prospective financial
information or assumptions included in the proposal.
This report is intended exclusively for use by the City Manager and should not be used for
any other purpose, including financing for the Unified Development Project. This
restriction is not intended to limit the distribution of this report which, upon acceptance by
the City, is a matter of public record.
Very truly yours,
Sincerely,
SANSON, KLINE, JACOMINO & COMPANY
I 6�-t
/ r
L
CITY OF MIAMI
EVALUATION AND ANALYSIS OF THE
PARROT JUNGLE & GARDENS, INC. PROPOSAL
UNIFIED DEVELOPMENT PROJECT-
WATSON ISLAND BOTANICAL GARDEN ATTRACTION
TABLE OF CONTENTS
INTRODUCTION
EXECUTIVE SUMMARY
■ Evaluation Criteria
a Major Concerns
ANALYSIS AND EVALUATION OF PROPOSAL
w Financial Viability of Proposing Entity
e Viability of the Financing Strategies
■ Economic and Fiscal Return to the City
■ Market Analysis and Marketing Plan
a Economic Feasibility of Proposed Development
■ Financial Viability and Appropriateness of Management Plan
ADDENDA
■ Addendum I - City of Miami Lease Fee Schedule
■ Addendum II - Comparable Attractions in Florida
• Addendum III - Adjustments to Net Cash Flows Projections
PAGE NO.
1
1
2
3
4
5
7
9
11
_ 3r
E��
WATSON ISLAND BOTANICAL GARDEN ATTRACTION SEPTEMBER 19, 1995
INTRODUCTION
The City has invited qualified experienced developers to submit Unified Development
Project Proposals for the development of a Botanical Garden Attraction and related
entertainment based and ancillary uses. The proposed project will be located on 18.6134
acres of City owned property at Watson Island, Miami. The Request for Proposal (RFP)
outlines information required in each proposal and the proposed evaluation criteria to be
employed by the review committee.
The review committee established by the City Commission will render a written report of
its evaluation of responsive and responsible proposals to the City Manager. In addition,
the City Commission selected Sanson, Kline, Jacomino & Company along with Watson,
Rice, Hadnott, Thompkins & Cruz, P.A. as sub -contractor, to analyze each proposal as
specified in the RFP.
One proposal submitted by Parrot Jungle & Gardens, Inc. (the "Proposer") was received
by the City in response to the RFP. The following analyses are based solely on the
proposal documents and comments of a clarifying nature made by representatives of the
Proposer during discussions with representatives of our firm.
EXECUTIVE SUMMARY
Evaluation Criteria
The purpose of our engagement, as specified in the RFP, was to review and evaluate the
Parrot Jungle & Gardens, Inc. proposal based on the following criteria, as established in
the RFP:
► Financial viability of each proposing entity, including prior record and experience.
► Viability of the financing strategies, source and structure.
► Comparative assessment of the short and long range economic and fiscal returns
to the City.
Assessment of the market analysis and marketing plan.
► Economic feasibility of the proposed development.
► Financial viability and appropriateness of the management plan.
3b
9 5 - wy
L. J
WATSON ISLAND BOTANICAL GARDEN ATTRACTION SEPTEMBER 19, 1995
Major Concerns
As a result of our procedures, we have identified three major concerns in the proposal.
The concerns have been identified as follows:
(1) The sources and structure of the $10,000,000 in financing strategies relating
to equity, gifts and grants have not been sufficiently detailed in the proposal.
We found no evidence as to commitments from third parties to substantiate
these financing strategies. We were informed by the Proposer that it will be
difficult to obtain these commitments without developer rights.
(2) Certain adjustments were made to the five year net cash flow projections
resulting in a net cash flow deficit of approximately $1,703,000 at the end of
the five year period. We were informed by the Proposer that the following
factors should be considered:
Parking and banquet facility revenues were not included in the cash
flow projections in order to show a more conservative projected profit
and loss statement.
■ The Proposer will be requesting from the city a reimbursement for
roads, parking, drainage, sewers, irrigation and landscaping costs
incurred outside the leasehold area. The request will be between
$2.5 to $5 million, including approximately $1,632,000 during the first
five years of operations.
(3) . The open admission price for adults of $15.95 appears to be higher than
most comparable zoological, botanical and aviary attractions in Florida. The
average open admission price for adults for nine comparable attractions in
Florida was $10.41, including $10.95 for the existing Parrot Jungle &
Gardens. We were informed by the Proposer that over the next two years
the open admission price will rise to $12.95 at the existing Parrot Jungle &
Gardens.
2
L
WATSON ISLAND BOTANICAL GARDEN ATTRACTION SEPTEMBER 19, 1995
ANALYSIS AND EVALUATION OF PROPOSAL
Financial Viability of the Proposing Entity
The financial statements of Parrot Jungle & Gardens, Inc. were not available for our
review since it was a newly formed company (July 1995) and therefore, the scope of our
review was extended to include Dr. Levine's other closely held business enterprises, which
did have accompanying unaudited financial statements and/or tax returns. These entities
included Parrot Jungle & Gardens Ltd. (the current operating entity); P.J. Birds, Inc.;
Country Pet Supply, Inc.; Pet Business, Inc.; and Last Chance Farm, Inc. Except for the
Parrot Jungle & Gardens Ltd, which is jointly owned by Dr. Levine and the estate of his
former partner (the "Schubot Estate"), the entities above were owned 100% by Dr. Bern
M. Levine.
Accordingly, in our assessment of the financial viability of the Proposer, we performed the
following procedures:
1. Analyzed the unaudited financial statements and tax returns of Dr. Bern M. Levine
and each of the above operating entities;
2. Obtained Dun and Bradstreet credit reports for each of the major operating
companies;
3. Verified with the Secretary of State's office the ownership and legal authority to do
business in the State of Florida for each of the above operating entities;
4. Computed the Altmann "Z-Score", an overall industry indicator of the likelihood of
financial viability for closely held companies, for the combined entities of Country
Pet Supply, Inc., P.J. Birds, Inc., and Parrot Jungle & Gardens, Ltd., and
5. Directly communicated with the administrator of the Schubot Estate.
3�
3
9 5 - w 6
WATSON ISLAND BOTANICAL GARDEN ATTRACTION SEPTEMBER 19, 1995
Conclusion:
Based on the above procedures, nothing came to our
attention that caused us to believe that Dr. Bern M.
Levine's net worth was materially misstated, and that the
proposed new entity would not have the financial viability
to commence with this project.
Viability of the Financing Strategies
The Proposer identified $25,000,000 from the following funding sources in the proposal:
(1) Borrowings
(2) Equity, gifts, grants, etc.
$15, 000, 000
10,000,000
$25.000,000
Accordingly, in our assessment of the viability of the financing strategies, we performed
the following procedures:
1. Compared total construction costs identified in the proposal to the total funding
sources. The total estimated construction cost identified in the proposal was
$26,308,035. The proposal did not identify the funding source(s) for the additional
$1,308,035 of construction cost.
2. Interviewed John Messing, Bank Atlantic Vice President. We were informed of the
following:
► The Proposer has obtained an irrevocable letter of credit for $100,000
effective as of August 21, 1995 and expiring on February 9, 1996.
► Based on the Proposer's experience with Bank Atlantic, they could probably
lend up to $15,000,000 for project financing.
► If additional financing is required, Bank Atlantic will seek participation from
other banks.
► The permanent financing would be a term loan from 15 to 25 years, secured
by the assignment of the ground lease. Interest would be at 1 % over prime.
WATSON ISLAND BOTANICAL GARDEN ATTRACTION SEPTEMBER 19, 1995
3. Analyzed the sources and structure of the $10,000,000 in financing strategies
relating to equity, gifts and grants. Our procedures revealed that the Proposer did
not sufficiently detail the sources and structure of the equity, gifts, grants, etc.
presented in the Proposal.
4. Interviewed Dr. Levine and key members of his management team in an effort to
obtain additional details as to the sources and structure of the $10,000,000.
We were informed by the Proposer that he has had a number of conversations with
restaurants and corporate businesses as well as associations and State of Florida
attractions as to grants, endorsements and partnerships. We were also informed
by the Proposer that it is difficult to obtain commitments from these organizations
without developer rights.
Conclusion:
Based on the above procedures, we were unable to
conclude as to the viability of the overall financing
strategy.
Economic and Fiscal Return to the City
The value of the esthetic improvements to the site, annual lease payments and licenses
and taxes represent the most significant returns to the City.
In our assessment of the economic and fiscal return to the City, we performed the following
procedures:
1. Analyzed the "City of Miami Lease Fee Schedule" presented in the proposal
(Addendum 1).
`JO 5
95_ 1.6
WATSON ISLAND BOTANICAL GARDEN ATTRACTION SEPTEMBER 19, 1995
The City of Miami Lease Fee Schedule indicated of the total annual lease payment
(representing 5% of operating revenues) the Proposer has requested that the first
$200,000 be paid to the City and that any additional amounts be paid to the
Proposer as reimbursement for roads, parking, drainage, sewers, landscaping
costs, etc. incurred outside the leasehold area.
We were informed by the Proposer that these costs will be between $2.5 to $5
million. The RFP states that the property is to be developed, leased, operated,
managed, and maintained, at no cost to the City. This reimbursement, totaling
$1,632,400 in the first five years of operations, has been considered an adjustment
to the five year net cash flow projections (see Addendum III - Adjustments to Net
Cash Flow Projections).
2. Recomputed ad valorem taxes based on an assessed valuation of approximately
$15,000,000 and the criteria identified in the RFP.
The computation resulted in approximately $370,000 annually in ad valorem taxes
to be shared between the City and Metro -Dade County. Per the proposal, these
annual ad valorem taxes average approximately $300,000 per the five year net
cash flow projects. The additional ad valorem taxes has been considered an
adjustment to the five year net cash flow projections (see Addendum III -
Adjustments to Net Cash Flow Projections).
Conclusion:
The annual lease payments to the City can range from the
minimum of $200,000 to $601,850 (in the fifth year of
operations) depending on how much the City reimburses
the Proposer for roads, parking, drainage, sewers,
landscaping costs, etc. outside the leasehold area. In
addition, ad valorem taxes to the City of Miami would
approximate $150,000 ($370,000 @ 39.58%) per year.
6
� � 6-76 41(
WATSON ISLAND BOTANICAL GARDEN ATTRACTION SEPTEMBER 19, 1996
Market Analysis and Marketing Plan
Parrot Jungle Attendance
The estimated attendance in the third year of operation was computed as follows in the
proposal:
Residents within 90 miles of the attraction 4,230,000
Tourists and visitors 8,757,000
Total market 12,987,000
Market size penetration 4.2%
Estimated attendance 546,000
In our assessment of the estimated attendance we performed the following procedures:
1. Confirmed the number of residents within 90 miles of the attraction with the Florida
Department of commerce, Division of Economic Development, Bureau of Economic
analysis.
2. Confirmed the number of tourist/visitors with the Greater Miami Convention and
Visitors Bureau.
3. Confirmed the market size penetration with the Proposer's outside marketing
consultant.
Conclusion:
The estimated attendance appears to be reasonable based
on the following factors:
► The number of residents within 90 miles of the
attraction (7 counties) in 1990 was 4,319,587 per the
7
VVA s SUN 15LAND 1JU 1 ANIUAL GARDEN ATTRACTION SEPTEMBER 19, 1995
Florida Department of Commerce, Division of
Economic Development, Bureau of Economic Analysis.
The number of touristivisitors in 1990 was 8,757,000
per the Greater Miami Convention and Visitors Bureau.
• We obtained confirmation from the Proposer's outside
marketing consultant, William A. Bieberbach &
Associates, that the market penetration for similar
attractions was between 4% and 8%. These attractions
include Canowinds in Charlotte, North Carolina; Kings
Dominion in Richmond, Virginia; Fiestco Texas in San
Antonio, Texas; and Ripley's in Orlando, Florida.
Parrot Jungle & Garden's current penetration rate is
approximately 2.3%.
Estimated Per Capita Revenue
The estimated per capita revenue was computed in the proposal as follows:
Open Admission Price (Adults) $15.95
Admission Per Capita (70% of Admission Price) $11.17
Food and beverage 2.85
Merchandise 3.10
Other .50
Total Estimated Per Capita Revenue $17.62
In our assessment of the estimated per capita revenue, we performed the following
procedures:
1. Compared the open admission price (adults) to comparable zoological, botanical
and aviary attractions in Florida.
N.
95- 6. 6
Y3
WATSON ISLAND BOTANICAL GARDEN ATTRACTION SEPTEMBER 19, 1995
The open admission price for adults of $15.95 appears to be higher than most
comparable zoological, botanical and aviary attractions in Florida (see Addendum
11 - Comparable Attractions in Florida). The average open admission price for
adults for nine comparable attractions in Florida was $10.41, including $10.95 for
the existing Parrot Jungle & Gardens. We were informed by the Proposer that over
the next two years the open admission price will rise to $12.95 at the existing Parrot
Jungle & Gardens.
2. Compared the admission per capita (70% of admission price) and per capita
computations for food and beverages, merchandise and other revenues to historical
data at the existing Parrot Jungle & Gardens.
The admission per capita percentage of 70% is reasonable based on historical data
at the existing Parrot Jungle & Gardens. In addition, the per capita computations
for food and beverage, merchandise and other are reasonable when compared to
historical data at the existing Parrot Jungle & Gardens.
i
y Z
Conclusion:
Although the admission per capita percentage and per
capita computations for food and beverages, merchandise
and other revenues were reasonable, we were unable to
conclude as to the reasonableness of open admission
price.
Economic Feasibility of Proposed Development
In determining the economic feasibility of the proposed development, we analyzed the five
year net cash flow projection included in the proposal.
This analysis of the five year net cash flow projections disclosed the following adjustments
(see Addendum III - Adjustments to Net Cash Projections):
Q,
WATSON ISLAND BOTANICAL GARDEN ATTRACTION SEPTEMBER 19, 1995
► The ad valorem taxes ($300,000 annually) appear to be low based on an
assessed value of approximately $15,000,000 which would generate
approximately $370,000 annually.
► Annual lease payments to the City were increased to 5% of total operating
revenues resulting in $1,632,400 in additional lease payments during the
first five years of operations.
► The five year cash flow projections show interest only payments on the
$15,000,000 in bank financing. Our conversation with .John Messing, Bank
Atlantic Vice President, indicated that the permanent financing would be a
term loan from 15 to 25 years. Amortizing the $15,000,000 over 25 years
would result in approximately $520,000 in additional debt service over the
first five years of operations.
► The income tax expense was adjusted accordingly for the adjustments
discussed above.
In an effort to obtain further explanation from the Proposer as to whether the above
adjustments were considered, we also met with Dr. Bern M. Levine and other key
members of his management team.
We were informed by the Proposer that the following additional factors should be
considered:
■ Parking and banquet facility revenues were not included in the cash flow
projections in order to show a more conservative projected profit and loss
statement.
■ The Proposer will be requesting from the City a reimbursement for roads,
parking, drainage, sewers, irrigation and landscaping costs incurred outside
the leasehold area. The request will be between $2.5 to $5 million, including
approximately $1,632,000 during the first five years of operation.
10
WATSON ISLAND BOTANICAL GARDEN ATTRACTION SEPTEMBER 19, 1995
However, the parking and banquet facility numbers were not included'in the cash flow
projections and, therefore, we were unable to assess the impact of these revenue sources.
Furthermore, the reimbursement requested by the Proposer was specifically not permitted
based on the RFP and, therefore, not considered by us.
Conclusion:
In order for the attraction to break-even in its first five
years of operations, the Proposer will need to obtain
approximately $1.7 million additional funding.
Financial Viability and Appropriateness of Management Plan
To assess the financial viability and appropriateness of the management plan, we
performed the following procedures:
1. Analyzed the resumes of the proposed management team.
2. Analyzed the proposed management structure of the proposed new entity.
3. Analyzed the proforma financial statements presented in the proposal.
4. Interviewed Dr. Bern M. Levine and key members of the proposed management
team.
Conclusion:
Based on the procedures above, it appears the key
members of the management team -for the proposed
venture have been together for several years in an
operation similar to the proposed new venture, their
background, experience and management plan appear
appropriate for this venture, except no one in the
management team was identified as the chief financial
11
95—�
LASON Systems, Inc. S.IM.
6954 N.W. 12 STREET, MIAMI, FLORIDA 33126
305-477-9149.800-287-4799 • FAX 305-477-7526
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DONATION,
ADE COUNTY, FLORIDA
sSSOC I ATES, INC.
LAND SURVEYORS
Miami, Florida, 33145
FAX: (305) 444--2034
JANUARY 1995
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KNOW ALL BY T
THAT " TERREMARI
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THAT "TERREMARK BR I CKELL, LTD. ", A FLORIDA LIMITED PARTNERSHIP, HAS CAUSED TO BE
MADE THE ATTACHED PLAT ENTITLED "ST. JAMES AT BRICKELL" THE SAME BEING A
RESUBDIVISION OF THE FOLLOWING DESCRIBED PROPERTY:
LEGAL DESCRIPTION:
THE WEST 10 FEET OF LOT II, ALL LOTS 12 AND 13, LOTS 26 TROUGH 30, INCLUSIVE, LESS THE
SOUTHEASTERLY 5 FEET OF LOT 30, BLOCK 2,"AMMENDED PLAT OF POINT VIEW",ACCORDING
TO THE PLAT THEREOF AS RECORDED IN PLAT BOOK 2 AT PAGE 93 OF THE PUBLIC RECORDS
OF DADE COUNTY, FLORIDA, TOGETHER WITH THAT CERTAIN 10 FOOT PRIVATE ALLEY
BETWEEN LOTS 12, 13, 26, 27 AND BETWEEN THE WEST 10 FEET OF LOT ii AND THE WEST
10 FEET OF LOT 28, ALL IN BLOCK 2.
rIAND
E COUNTY PLAT RESTRICTIONS:
STREET AND TERRACE AS SHOWN ON THE ATTACHED PLAT,TOGETHER WITH ALL EXISTING
FUTURE PLANTING, TREES, SHRUBBERY, AND FIRE HYDRANTS THEREON, ARE HEREBY
CATED TO THE PERPETUAL USE OF THE PUBLIC FOR PROPER PURPOSES, RESERVING TO
DEDICATORS,THEIR SUCCESSORS OR ASSIGNS THE REVERSION OR REVERSIONS THEREOF,
EVER DISCONTINUED BY LAW. NO INDIVIDUAL WELLS WILL BE PERMITTED WITHIN
SUBDIVISION EXCEPT FOR SWIMMING POOLS, SPRINKLER SYSTEMS AND/OR AIR
ITIONERS. THE USE OF SEPTIC TANKS WILL NOT BE PERMITTED ON ANY LOT WITHIN
THIS SUBDIVISION UNLESS APPROVED FOR TEMPORARY USE IN ACCORDANCE WITH COUNTY
AND/OR STATE REGULATIONS. ALL NEW ELECTRIC AND COMMUNICATION LINES,EXCEPT
TRANSM r30 + 911 L t a«s, WITHIN THIS SUBDIVISION, SHALL BE INSTALLED UNDERGROUND..
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CITY OF MIAMI APPROVALS:
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THIS PLAT WILL NOT RESULT IN A REDUCTION IN THE LEVEL OF SERVICES FOR THE
AFFECTED PUBLIC FACILITIES BELOW THE LEVEL OF SERVICES PROVIDED IN THE
MUNICIPALITY'S COMPREHENSIVE PLAN: THEREFORE, IT WAS APPROVED AND THE FOREGOING
DEDICATIONS WERE ACCEPTED AND APPROVED BY RESOLUTION N0. _____V_____________
PASSED AND ADOPTED BY THE CITY COMMISSION OF THE CITY OF MIAMI,FLORIDA, THIS
DAY OF A. D. , 1995.
S I GNED:-------------------------- _-------------- CITY MANAGER
IN WIl
TRANSA'
BE SIi
NE NN
,t
ATTEST: - _ CITY CLERK
IN WITNESS WHEREOF:
THE SAID "TERREMARK BRICKELL, LTD.", A FLORIDA LIMITED PARTNERSHIP, HAS CAUSED
THESE PRESENTS TO BE SIGNED FOR AND ON ITS BEHALF BY ITS GENERAL PARTNER,
"TERREMARK BRICKELL, INC,, A FLUIDA CORPORATION,
TH I S _fit_`' DAY OF
_ A��'�------------. A. D,, 1995.
o TERREMARK BRICKELL, LTD., A FLORIDA LIMITED PARTNERSHIP
w w BY: TERREMARK BRICKELL, INC.,GENERAL PARTNER
0 0 -j
w�
zcrw= WITNESS ED D JACOBSON MANUEL D. MEDINA, PRESIDENT
2TOO --- Jx�i "---
uj
�-~ WITNESS MARIA ELENA INFANTE
m
an a.w
cACKNOWLEDGEMENT:
a m = z STATE OF FLORIDA
Z3 w F- o COUNTY OF DADE SS:
z >o m n I HEREBY CERTIFY: THAT ON THIS DAY PERSONALLY APPEARED BEFORE ME, AN OFFICER
u-z rn mF=- DULY AUTHORIZED TO ADMINISTER OATHS AND TAKE ACKNOWLEDGEMENTS, MANUEL D.MEDINA,
zoM w U PRESIDENT, OF "TERREMARK BRICKELL, INC.". A FLORIDA CORPORATION, AND GENERAL
U o PARTNER OF "TERREMARK BRICKELL, LTD."
00 o , A FLORIDA LIMITED PARTNERSHIP, WHO IS
= uj o w o PERSONALLY KNOWN TO ME
F-J O w AND WHO EXECUTED THE FOREGOING INSTRUMENT FREELY AND VOLUNTARILY
_ �' o > AS SUCH OFFICER FOR THE PURPOSES THEREIN EXPRESSED AND WHO DID NOT TAKE AN
d0Q OATH.
It O co o w WITNESS MY HAND AND OFFICIAL SEAL THIS DAY DAY OF _ q�v�_
w� m U- � A. D. , 1995. -__
�z
O X�-- �
w m=z MY COMMISSION EXPIRES: ----ULY - - -- BY; _ _�
O-
S C.) O NOTARY PUBLIC, STATE OF fn,01110A,cl�
July Nl, 1995,
z o Q z "," t ``' " ;s z ' _r'; ' :unielT..a' PRINTED NAME OF ACKNOWLEDGER
<t ? o a NOTARY PUBLIC, STATE OF FLORIDA AT LARGE
COMMISSION NUMBER:
MORTGAGE:
KNOW ALL MEN BY THESE PRESENTS:
CES FOR THE THAT TRANSATLANTIC BANK, A FLORIDA BANKING CORPORATION, THE OWNER AND HOLDER OF
tIDED IN THE fHAT CERTAIN MORTGAGE DATED NOVEMBER 14, 1994, AND RECORDED NOVEMBER 17, 1994,
'HE FOREGOING IN OFFICIAL RECORDS BOOK 16582, AT PAGE 8055 OF THE PUBLIC RECORDS OF DADE
COUNTY, FLOR I DA, t
.0 IDA, THIS
IN WITNESS WHEREOF:
TRANSATLANTIC BANK, A FLORIDA BANKING CORPORATION, HAS CAUSED THESE PRESENTS TO
CITY MANAGER BE SIGNED FOR AND ON ITS BEHALF BY ITS PRESIDENT,AND ITS CORPORATE SEAL TO BE
HER NTO AFFIXED, AND ATTESTED BY ITS SECRETARY THIS DAY OF
CITY CLERK -- -- ___ --- , A. D. , 1995.
REQUIREMENTS TRANSATLANTIC BANK, A FLORIDA BANKING CORPORATION.
POLITAN DADE
A. D. , ATTESTED: _ _ _ _._SECRETARY B PRESIDENT
A CHA I'____ EMI-Rt LOPEI
SE 13 ST. )
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PORTION OF SEC.39-54-41 `
POLLY LEWIS DONATION
LOCATION MAP
SCALE: I"=300
T-
4 3 2
I BLOCK
AMMENDED PLAT OF
(PB 2 PG
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23
C M`
SURVEYORS NOTES:
'- DENOTES CENTERLINE
a i DENOTES CITY MONUMENT LINE
m ® P.R.M. DENOTES PERMANENT REFERENCE MONUMENT
P.C.P. DENOTES PERMANENT CONTROL POINT
o C.M DENOTES CONCRETE MONUMENT
N.R. NOT RADIAL
BEARINGS SHOWN ARE BASED ON AN ASSUMED MERIDIAN WHERE THE
W CENTERLINE OF BRICKELL AVENUE BEARS N i5°00'OON E
NOTICE THERE MAY BE ADDITIONAL RESTRICTIONS THAT ARE NOT
RECORDED ON THIS PLAT THAT MAY BE FOUND IN THE
PUBLIC RECORDS OF THIS COUNTY.
SURVEYOR'S CERTIFICATION:
1 HEREBY CERTIFY: THAT THE ATTACHED PLAT ENTITLED"ST JAMES AT BRICKELL°, IS A TRUE AND
CORRECT REPRESENTATION OF THE LANDS DESCRIBED HEREON, AS RECENTLY SURVEYED AND PLATTED
UNDER MY DIRECTION; THAT THE SURVEY DATA AS SHOWN ON THIS PLAT COMPLIES WITH
THE APPLICABLE REQUIREMENTS OF CHAPTER 177, PART I, FLORIDA STATUTES, AND THAT
PERMANENT REFERENCE MONUMENTS HAVE BEEN SET.
E. R. BROWNELL & ASSOCIATES, INC.
THOMAS BROWNELL,^EXEC. �VICE PRESIDENI
PROFESSIONAL LAND SURVEYOR.t289i
STATE OF FLORIDA
MUNIGIPALITY'S COMPREHENSIVE PLAN; THEREFORE, IT WAS APPROVED AND THE FOREGOING
DEDICATIONS WERE ACCEPTED AND APPROVED BY RESOLUTION NO. --------------------
PASSED AND ADOPTED BY THE CITY COMMISSION OF THE CITY OF MIAMI, FLORIDA, THIS
DAY OF --------------------------, A. D. , 1995,
2
S I GNED:---------------------------------------- CITY MANAGER
ATTEST: ______________________________________ CITY" CLERK
THIS IS TO CERTIFY THAT THIS PLAT APPEARS TO CONFORM TO ALL OF THE REQUIREMENTS
OF CHAPTER 54 OF THE CITY OF MIAM�;,ODE AND CHAPTER 28 OF THE METROPOLITAN DADE
COUNTY CODE. CERTIFIED THIS ------- DAY OF _ -------------- A. D.
1995.
` J, e .ftA.-L—
BY ______________________________________ DIRECTOR
CITY OF MIAMI PUBLIC WORKS DEPARTMENT
METROPOLITAN DADE COUNTY APPROVALS:
THIS IS TO CERTIFY THAT THIS PLAT APPEARS TO CONFORM TO ALL OF THE REQUIREMENTS
OF CHAPTER 28 OF THE METROPOLITAN DADE COUNTY CODE. CERTIFIED THIS ------- DAY
OF ----------- .________.__, A. D. , 1995.
BY: ______________________________________ DIRECTOR
DADE COUNTY PUBLIC WORKS DEPARTMENT
RECORDING STATEMENT:
FILED FOR RECORD THIS -------- DAY OF ----------------- A.D., 1995, AT
-M., IN BOOK ------ OF PLATS, AT PAGE ------- OF THE PUBLIC RECORDS
OF DADE COUNTY, FLOR.IDA. THIS PLAT COMPLIES WITH THE LAWS OF THE STATE OF
FLORIDA AND METROPOLITAN DADE COUNTY, FLORIDA.
HARVEY RUVIN
CLERK OF CIRCUIT COURT BY: ---------------------------------------- DEPUTY CLERK
IN OFFICIA
COUNTY, FL
IN WITNES',
TRANSATLAN'
BE SIGNED
HER NTO
ATTESTED: -
ACKNOWLED
STATE OF F
COUNTY OF
I HEREBY
DULY AUTHO
LENA CHAI,
BANKING C
FORGOING
FREE ACT
AND WHO
WITNESS �
A. D. , i 9T
MY COMMIS'
L-
HEFOREGOING.
�OR I DA, —TH I S
CITY MANAGER
CITY CLERK
REQUIREMENTS
)POLITAN DADS
_- DIRECTOR
NT
REQUIREMENTS
-- ----- DAY
DIRECTOR
1995, AT
BLIC RECORDS
HE STATE OF
DEPUTY CLERK
... .. ,... .. . uu • .vu. i -+ i -, -w -,ut.0 IYui L-mur- i 1 ! , l.%zi CI,
IN OFFICIAL RECORDS BOOK 16582, AT PAGE 3055 OF THE PUBLIC RECORDS OF DADE
COUNTY, FLOR I DA,!
IN WITNESS WHEREOF:
TRANSATLANTIC BANK, A FLORIDA BANKING CORPORATION, HAS CAUSED THESE PRESENTS TO
BE SIGNED FOR AND ON ITS BEHALF BY ITS PRESIDENT,AND ITS CORPORATE SEAL TO BE
HER NTO AFFIXED, AND ATTESTED BY ITS SECRETARY THIS -R /-- DAY OF
I --- , A. D. , 1995, -
TRANSATLANTIC BANK, A FLORIDA BANKING CORPORATION.:
ATTESTED:— —_--____.__ ---_—SECRETARY � ,B �: -----_ ______ �.-::PRESIDENT
A CHA I z `RT , LOPE
ACKNOWLEDGEMENT:
STATE OF FLORIDA
COUNTY OF DADE SS:
I HEREBY CERTIFY: THAT ON THIS DAY PERSONALLY APPEARED BEFORE ME, AN OFFICER
DULY AUTHORIZED TO ADMINISTER OATHS AND TAKE ACKNOWLEDGEMENTS, MIRIAM LOPEZ AND
LENA CHAT, PRESIDENT AND SECRETARY RESPECTIVELY OF TRANSATLANTIC BANK,A FLORIDA
BANKING CORPORATION, WHO ARE PERSONALLY KNOWN TO ME AND WHO EXECUTED THE
FORGOING INSTRUMENT AND ACKNOWLEDGED THE EXECUTION THEREOF TO BE THEIR
FREE ACT AND DEED AS SUCH OFFICERS FOR THE PURPOSES THEREIN EXPRESSED
AND WHO DID NOT TAKE AN OATH.
WITNESS MY HAND AND OFFICIAL SEAL THIS __.�s(u DAY OF_ _
A. D. , 1995.---------
MY COMM I SS I ON EXP I RES: _!' IfBY:
CC434481
z�—,44ylowAl -------------
PRINTED NAME OF ACKNOWLEDGER
NOTARY PUBLIC, STATE OF FLORIDA AT LARGE
COMMISSION NUMBER: _CC 434481—___—__—_-
95- 218
95- 2i8
WATSON ISLAND BOTANICAL GARDEN ATTRACTION SEPTEMBER 19, 1995
officer (CFO). For a proposed venture of this scope and
magnitude a CFO should be clearly identified as part of
the management team.
Also, the distribution of the expenses for both the short
and long-term operations of the proposed new facility
appear adequate.
I12 (' 001,
ADDENDUM I
CITY OF MIAMI LEASE FEE SCHEDULE
KIM1100.101%
[jT
.:i.>�?>�
Estimated Operating
Revenue
$8,652,000
$9,734,000
$10,815,000
$11,410,000
$12,037,000
5% of Operating Revenue
$432,600
$486,700
$540,750
$570,500
$601,850
Reimbursement to
developer for roads,
parking, drainage, sewers,
irrigation, landscaping,
security, first aid, mainte-
nance, etc.*
$232,600
$286,700
$340,750
$370,500
$401,850
A
Payment t City of Miami
�+,�' { Y°T` i�C w','t —44
' F A i ra�,•.Mai.,'b;4i '
v 4F.ZA js••.C:�?,}.%,.F•'��•:,yyt,�Z}1�1 FF.lf.,�;
�£
.w., M. .le
s.; ..c.=�,a..•. .� '
„€$ ,ice.
:%SR� s.: .: .2�
:�adfrV,.:
r .cfi•..; �..., �, rt ti:cxk'e%%%%'?•::>..
i��+,'`�IV•,V
_•.,t,t, v:•
This reimbursement will discontinue when the developer's costs plus interest are offset by
the adjustments to the City's lease payment.
ADDENDUM II
COMPARABLE ATTRACTIONS IN FLORIDA (1)
:...mj• v�Y,vkcrK 'a
C%X<)t!<•'Y:'<".<y •�dg .::;Y,<L`%%�.r
�� "�Q4 .��• :e. ..�,
v
;AY<2J4� ':. Q'•fk��4 �. .,3.
-:.>Y�•<2yt� •.
.t 1'
o2, `�� .• $S<S'. .kr,-...ty
' .''��
.. ...., a�;A
`h.
x...y{brwY:i:{%`: :5"}•{f%:i%i.:jt%C•4 �?".: •�•�:S',., ...�.'f/.,y......G{":<'2Yr<.�Wy.YY,•Y:.-'C'Y.:GwkvlS ry.yk
.;...;�e�;��...<3•.....f;?;fy3:t!:,F..l:if_f:'S:C.:...fo...lk;s•....Y,,4,i.;:}k<+.�.+,.,Y} ;�w�h.;.. ��r✓+.;
Qk :`y!<y'.. ••'4i•: '<'4: } y. �: af)S\.v.ya, >;:; .
• .; p2}A,`yt.�n�1•is>..!s q M1r4�1.j'i�..:..:.., K:.��{:iF:•y�v'�,�
��ga
.>Yu\ i Y kYfi` P.
<�<�:k. >fiL, . fv:.q..k•�t jy;<,. !.�..
.; tE�y`!�'
4 f• ` r'v, .:�..<,:�.."'fik:
•: 6 g : �'yy^!., `wH a)x:Sr.,•: .y{,.^•k,
�,��
>'k�"Sid.�».`Si2�..:.�.'S?%g.`t�'m•�...,S,£�??�%y�3.�F>}�..r.¢f,,�,�`.,"7�'£ii?�".+�.,�.?k'S<.'.:,'�t.5&Yc."�..Rt`�!'^4p��e<�'{r..3�3:
,y ,..•a�> :. '>ata:•��}}}'R :Y"::IYJce>k',••..::..:.•;� ....,Ti: .._
>•f�:��.,!.;$).vt�e $ Y4�
.::.4:',,.qf:':>iJe'��.,.•reeves:�{•\+i...ICY•:}9\C"^;.:....?w3',tY..S:Y,.�l.r,•k'!.��%�.'•�F'.�'}6:.�-.t,.ga�,
2, •.
,�ti
. . f:' "., r..�>rr Yd" .`r�!..•YS• a:'�.A.•:
..�:
r• �w>,Q:
�yr�
�rj�=•{a�G.a
+ :t;.:YY;:�.:;T.:a: } .: f.,/�,-,vyy'et:r.: :2<•
.f?i?6i$.<:j,.' fLj}k.�S..Y.n{t.c. -iY�Y. vd..: +J ildhf.l:-.\":.YL}ik .n ....J,jyf!}Y//.,,. r}-Sk:YiG'r.!n.. �:.t6Y.W.t v.:r>iY..;
.� .<((Jy .'b,�'}�y:.}<:•.
�/y,�y..�) (}� jy. ..�.tt<`/j;. .; <,y��{���vjyj:..��.%2 -ti. .; .. A\I.• •R-T'>.( y
`�A.w yY:M.#A" S2
.�3i�t�A�1A'�'I�11�::AA�%�V1�
w:::::n:Yx.Y::.Y::•::.... •..... +::::::::::
i" .�.'�•
.aAC '
nv::.Y::: :.::::::::::: .. :...... .... ::: .....:. ... .. ....:.:.
M. :f:) i. Fw�.{`.<` is H.•` ¢ >YS.
�.: ..,�.. ..o.:t ..<:::. Rl�it!.:...
bY:..vtaY:k:::.::}:-}rie::vi:'�:<k+l ... ::th.:3.
Jungle Larry's
Zoological Park
$ 9.95
52
X
X
Sarasota Jungle
Garden
$ 8.00
10
X
X
Marie Selby
Botanical
$ 6.00
11
X
Parrot Jungle'
$10.95
14
X
X
X
Metrozoo
$ 8.25
290
X
X
Miami
$17.95
60
X
Seaquarium
Viscaya
$ 8.00
10
X
Discovery Island
(Walt Disney)
$10.60
11
X
X
X
Sunken Garden
$14.00
5
X
X
• a!Y• ri W.y.Y' )tyy.YN .: ':;
',�,< :f Ck'.i2k'F< nk:.afJ.k%a<•£,"v'
':an4 ,1+,,,': 4 '.�. \: •: j}•• . »••}>•;:
> !('�M <•Q •••'
•...f:•,v:{v;fi.;.2}:i:v::`i:<•:ii}:::e}:?t: %^:.:.... .:+..v.v
..k!:y:...n�n•...: )•}}::.
(1) Data obtained from 1995 AAA Tour Book.
ADDENDUM III
ADJUSTMENTS TO NET CASH FLOW PROJECTIONS
In'
X
..............
..........
Net Cash Flow
per proposal
$37,960
$61,518
$32,554
$20,042
$13,146
$165,220
Adjustments:
Ad Valorem
(119,000)
(94,000)
(69,000)
(44,000)
(19,000)
(345,000)
Taxes
Lease Expense
(232,600)
(286,700)
(340,750)
(370,500)
(401,850)
(1,632,400)
Additional
Debt Service
(104,047)
(104,047)
104,047)
(104,047)
(104,047)
(520,235)
Income Tax
Expense
0
18,812
140,145
202,209
268,258
629,424
.
-----------------
---
...
...... ........
fir_ ���� Sj
RESOLUTION OF THE GREATER MIAMI CONVENTION & VISITORS BUREAU
ENCOURAGING THE CITY OF MIAMI COMMISSION TO APPROVE
THE RELOCATION OF PARROT JUNGLE & GARDENS TO WATSON ISLAND
AND DEVELOPMENT OF VIRGINIA KEY CAMPGROUND
WHEREAS, the City of Miami owns extraordinary and beautiful,
but underutilized assets in Watson Island and Virginia Key; and,
WHEREAS, the City of Miami is committed to the development of
ecologically sensitive, family oriented, and educationally
beneficial tourist attractions to benefit tourists and the citizens
of Greater Miami; and,
WHEREAS, the recently adopted Visitor Industry Plan (VIP)
calls for the enhancement of attractions locally; and
WHEREAS, the City's request for proposal for a Botanical
Garden -type family tourist attraction on Watson Island was duly
issued and publicized inviting any and all qualified proposers; and
the City's request for proposal for a campground facility on 155
undeveloped acres of the 1,000 acres on Virginia Key was duly
issued and publicized, inviting any and all qualified parties to
respond; and,
WHEREAS, the only responding proposer, Parrot Jungle and
Gardens, has submitted a proposal responsive to the guidelines set
forth by the City of Miami and the only qualified responding party,
Virginia Key Campgrounds, Ltd. has submitted a proposal addressing
the guidelines setforth by the City of Miami; and,
WHEREAS, as "excellent proposals", they are being recommended
by the City Review Committees and require City Manager and City
Commission approval.
THEREFORE, BE IT RESOLVED, that the Board of the Greater Miami
Convention & Visitors Bureau wholeheartedly and enthusiastically
endorses and encourages the City of Miami Commission and the voters
of the City of Miami to approve the relocation of the Parrot Jungle
and Gardens to Watson Island and the development of Viriginia Key
Campgrounds.
PASSED AND ADO P D this 22nd day of September, 1995.
Christopher Perks, Chairman
°_il'`,!'r,.tf;d into the pu,,,- c
V1' iY„f "oeman
,.Y City clorK
greater
miami
chamber of
;Ommerce
September 27, 1995
The Honorable J.L. Plummer
Commissioner
City of Miami
3500 Pan American Drive
Miami, FL 33133
Dear Commissioner Plummer:
to a
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Enclosed is a resolution in support of the proposal to appropriately develop Virginia
Key by Virginia Key Campgrounds, Ltd.
This issue was brought to the Tourism Roundtable Committee for approval and further
recommendation to the Chamber's Executive Committee. The Executive Committee
concurs with the recommendation.
Please approve this wonderful project which will benefit the City of Miami and beyond.
Thank you for considering this request.
Sincerely,
U
Ed Tietjen
Co -Chair
Tourism Roundtable Committee
Enclosure
Barbara Schuler
�Co-Chair
Tourism Roundtable Committee
GREATER MIAMI CHAMBER OF COMMERCE
Omni International Complex* 1601 Biscayne Boulevard • Miami, Florida 33132-1260 Y (305) 350-7700
9 5 — `�
greater
Miami
chamber of
commerce
RESOLUTION
WHEREAS the City of Miami owns an extraordinary, but
underutilized asset in Virginia Key; and
WHEREAS the undeveloped portion of Virginia Key was
substantially damaged by Hurricane Andrew and has not been
restored; and
WHEREAS the City of Miami is committed to the development
of ecologically sensitive, family oriented and educational" attractions
to benefit the community's visitors and citizens; and
WHEREAS the City's request for proposal for a campground
facility on i 55 undeveloped acres of the 1,000 acres on Virginia Key
was duly issued and publicized,' inviting any and all qualified parties
to respond; and
WHEREAS the only qualified responding party, Virginia Key
Campgrounds, Ltd., has submitted a proposal addressing the
guidelines set forth by the City of Miami; and
WHEREAS the proposal and lease is subject to the approval of
the City Manager, the City Commission and the voters of the City of
Miami;
THEREFORE BE IT RESOLVED that the Greater Miami
Chamber of Commerce enthusiastically supports the Virginia Key
Campgrounds, Ltd. proposal and urges the City of Miami
Commission and the City of Miami voters to provide their approval
so that we may all benefit from this wonderful facility.
Chairman
of September, 1995.
William O. Cullom
President
GREATER MIAMI CHAMBER OF COMMERCE
Omni International Complex. 1601 Biscayne Boulevard . Miami, Florida 33132-1260 • (305) 350-7700
DID 110. s
DATE BID(S) OPENED: _ AUGUST 29, 1995 2:00 P.M.
-----------------------------------------------
/P
P
BIDDER
TOTAL DID_ZOND_SorZ
DID AH01 iT CASHIRR' S CHECK
PARROT JUNGLE AND GARDENS
(3 Boxes)
d time. All
y as of the abov3
opening date a
oC er. offers submitted in. respon
Info-"
_ to . tf1's solic ta'
on, if any.
_
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BE
__—_______ _received ( —_) envelopes on behalf of
(Per o receiving bids)LIS
LOPE T------------------on ---__ —t4 —
City Department ) ""'--"'--
SIG D: _____ _ ______
eputy City Clerk) —
Pe
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moli#ij af fflianit
JACK L. LUFT
Director
August 23, 1995
TO: ALL RECIPIENTS
THE BOTANICAL
May 30, 1995
CESAR H. ODIO
City Manager
NOTICE
REQUEST FOR INFORMATION
OF CITY OF MIAMI REQUEST FOR PROPOSALS (RFP) FOR
GARDEN ATTRACTION ON WATSON ISLAND, Issue Date
RE: Exemption of Financial Statements from Disclosure under Public Records
Law
This notice is being furnished in response to a potential proposer's written request for clarification
on the matter of public records laws and the disclosure of financial statements submitted in reply to
the subject RFP. Please be advised that the City Attorney has opined that financial statements
submitted by proposers are exempt from public disclosure under "Government in the Sunshine"
laws pursuant to Florida Statute. The City and the particular custodian of records pertaining to this
RFP may exclude such financial statements when responding to public records requests. However,
all parties determined by the City to require examination of such documents during the review and
evaluation of proposals, or thereafter, shall be furnished with those documents.
Proposers are requested to segregate financial statements from the remainder of the proposal
documents, place them in a separate envelope or other enclosure marked "confidential" and submit
same with the proposal no later than the date and time specified for the receipt of proposals.
Should you have any questions regarding
Manager, or me, at the Department of
Development and Housing), (305) 579-3366.
in the City of Miami are greatly appreciated.
this matter, please contact Courtney Allen, Project
Community Planning and Revitaffizatlon (&Fmerly
Your continued interest in developffjerioppdunitie
T-17
ro i
rr' Nam)
i, Assistant City Attorney
Review Committee Members
DEPARTMENT OF COMMUNITY PLANNING AND REVITALIZATION
DEVELOPMENT DIVISION / 300 Biscayne Blvd. Way, Suite 400/Miami, FI 33131/(305) 579-3366/ Telecopier: (305) 371-9710
PLANNING DIVISION / 275 N.W. 2nd Street, 3 Floor/Miami, FI 33128/(305) 579-6086/ Telecopier: (305) 358-1452
L
HERBERT J. BAILEY
Assistant City Manager
July 14, 1995
Notice to Prospective Proposers:
Reference:
of �Hianti
s' rj CESAR H. ODIO
JUL. 17 P3 :27 City Manager
Guun uuu +
V#'A.LTEP
CITY
F.W13-DR
Request for Unified Development Proposals for the Watson Island Botanical Garden
Attraction as issued on May 30, 1995.
Please be advised that Section IV. K. "Minority Participation", has been corrected/modified as follows per City
of Miami Commission directive:
K. Minority Participation
s
All firms/sole proprietors seeking to participate as M/WBE's and not airea y must be certified with the
City's minority/women business program sly and meet all requirements of the above cited
Ordinance.s.12rior to .the submission of aproposal.. sueh IWWBE's
requirements.eer-fified, entities elaiming MAXBE status must provide pr-ee- ' .4 these All
firms/sole proprietors, regardless of minority status, must submit an affirmative action policy
statement, in compliance with said Ordinances, a sample of which is included in Exhibit III.
* Words stmek through are deleted and words underlined are added to the original RFP language.
If you have any questions regarding this matter please contact Mr. Allen of my staff at (305) 579-3366, thank
you for your cooperation.
J
Development
DEPARTMENT OF DEVELOPMENT AND HOUSING CONSERVATION/DUPONT PLAZA CENTER
300 Biscayne Boulevard Way, Suite 400-401/Miami, FL 33131
DEVELOPMENT DIVISION (305) 579-3366 / HOUSING DIVISION (305) 579-3336fTelecopier: (305) 371-9710
vi'tzia at l4utttmt
HERBERT 1. BAILEY ', CESAR H. ODIO
Assistant City Manager" (117 City Manager
Co., 1'
July 19, 1995
NOTICE =� .A v X
OF .,,rl
ADDENDUM =
.�
TO: ALL RECIPIENTS OF THE CITY OF MIAMI REQUEST FOR PROPO ALS; "RFP"
FOR THE WATSON ISLAND BOTANICAL GARDEN ATTRACTION' 'AS.ISSIRD ON
MAY 30, 1995.
Please be advised that the following language should be added to Section 11. G. "Financial
Return to the City":
II. G. Financial Return to the City
The City may, during the course of negotiations with the Successful Proposer, consider
alternative payment schedules, as may be suggested by proposer(s) to address initial
permitting, construction and/or start-up phases of the project. However, minimum annual
payments cannot be waived by law, any deferred payments may be subject to interest, and
payment schedules shall be subject to the ultimate approval of the City Commission.
In addition, to clarify existing terms within the RFP, the following language should be added to
Section IV. C. "Proposed Site Improvements and Public Amenities, (b) Parking and Service
Areas":
IV. C. Proposed Site Improvements and Public Amenities, (b) Parking and Service Areas -
Non -general public parking, such as that required for special events, banquets, reserved
groups and special retail services such as restaurants, per the applicable zoning regulations
for such uses, shall be permitted within the leasehold site, subject to review and approval by
the City. This provision does not preclude the proposer from funding the cost of construction
for all general public parking requirements off -site at the surface parking facility to be
operated by the City.
DEPARTMENT OF DEVELOPMENT AND HOUSING CONSERVATION/DUPONT PLAZA CENTER
300 Biscayne Boulevard Way, Suite 400-401/Miami, FL 33131
DEVELOPMENT DIVISION (305) 579-3366 / HOUSING DIVISION (305) 579-3336/Telecopier: (305) 371-9710
Page Two
Addendum
If you have any questions regarding this matter please contact Mr. Allen of my staff at (305) 579-
3366. Thank you for your cooperation.
_J