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Home My WebLink AboutM-92-0306CITY OF MIAMI, FLORIDA 17 INTER -OFFICE MEMORANDUM _ �., t•t L To : Honorable Mayor and Members DATE : Al � : L 3 i992 of t .city commission SUBJECT : Resolution Authorizing a Lease Agreement with Center for Health FROM : Cesar H. Odio REFERENCES: Technologies, Inc. City Manager For City Commission ENCLOSURES: Meeting of May 14, 1992 !1 FILE - It is respectfully recommended that the City Commission adopt the attached Resolution authorizing the City Manager to execute a Lease Agreement with Center for Health Technologies, Inc., for the use of a City -owned property commonly known as Municipal Justice Building (MJB) located at 1145 N.W. llth Street, for five years at an annual fee of $1.00, with an option for a term length commensurate with the requirements for financing the development of said property into a research and development center for Florida's health technologies industry, upon proof of having private and/or public financing for the same, therein paying the City, in lieu of taxes, the equivalent of Real Estate taxes assessed on the land value. The City of Miami is the owner of a property commonly known as the Municipal Justice Building located at 1145 N.W. 11th Street. The Center for Health Technologies, Inc., is a Florida Corporation, not -for -profit and established by Section 381.504 Florida Statutes and approved under 501(c)(3) of the Internal Revenue Code. The Center for Health Technologies, Inc.'s propose use of this City owned property is for the purpose of implementing a project of a governmental agency or instrumentality and therefore except from the Fair Market Value and competitive bidding requirements set forth in City Charter Section 29-B applicable to the disposition of City -owned property. The Center for Health Technologies, Inc. will use the Municipal Justice Building property for research, development, design, management, training and incubation of businesses regarding biomedical, biotechnical and medical technologies. As well as the development of a research and development center for Florida's health technologies industry, to serve as a catalyst to bring together leading local health technology firms, others in the industry, academia, agencies of government and economic development groups. 9 2 _ 306 Therefore, it is recommended that the attached resolution authorizing the City Manager to execute a Lease Agreement, in substantially the form attached, with the Center for Health Technologies, Inc., for the use of the Municipal Justice Building property, 1145 N.W. lath Street, for a 5 year period at an annual fee of $1.00 with an option for a term length commensurate with the requirements for financing the development of said property into a research and development center for Florida's health technologies industry, upon proof of having private and/or public financing for the same, therein paying the City, in lieu of taxes, the equivalent of Real Estate taxes assessed on the land value. Attached: Proposed Resolution Proposed Lease Agreement 92- 306 Mir L�l CHT MEMORANDUM TO: Business, Academic and Community headers FROM: Eugene H. Man, Ph.D. President & CEO DATE: April 3,1992 SUBJECT: 1991 ANNUAL REPORT Thank you for your interest in the Center for Health Technologies. We have finished our first year of operations helping new health technology companies to grow into productive and profitable corporate citizens. A copy of the CHT 1991 Annual Report is enclosed for your information. Included, also, are the names of our 1992 Board of Directors. Please let them know if ou wish to participate in our vision and plans. -- y Also, enclosed is the 1992 Membership Information Application for prospective Corporate and Trustee Members. Please carefully consider the benefits of f- membership and how your investment in the CHT will assist our efforts to further develop South Florida's Health Technologies cluster. - e` k. - 1_ =R t -k, Submitted into the public record in conr_•ecticz rivith item1 *7 on 419 � d Matty Hirai City Clerk CENTER FOR. HEALTH TECHNOLOGIES, INC. 92- 306 x 1150 N.W.14th Street, Suite 105 • Miami, FL 33136-2112 (305) 325-2733 • Fax: (305) 325-2698 {_ 40 C 1*1 T 49, MEMBERSHIP INFORMATION FOR THE CENTER FOR HEALTH TECHNOLOGIES Name/Title Company Address Zip + 4 Phone Fax Recommended By WEREST AREA(S) Biomedical Devices _ Marketing _ Biotechnology/Pharmaceuticals — Real Estate/Office Space Health Care Delivery System Manufacturing Finance/Venture Capital _ Office Services _ Management _ Other(Attach Information) We would like to have any additional information you can send about you and your company/organization that describes your programs, activities and business. CHT ANNUAL MEMBERSHIP CATEGORIES Investment TRUSTEE................................................................................................................................................... $10,000 Highest CHT category of participation. Annual review of all CHT progress and policy presented at Annual Trustee Dinner. All privileges of Corporate Membership. CORPORATEMEMBER................................................................................................................................................... $ 1,000 Eligible for membership on Board of Directors, which is selected from nominees presented by the Corporate Membership. Access to Affiliates(incubating companies). CHT Newsletter. Personal copy of STATUS Resource Directory. Invitation to monthly Affiliate ROLWDTABLE. Meetings held quarterly, including Annual Meeting of Corporation for Board Member nomination. Submitted into the public HONORARY MEMBER record in connection with }�, t� on 5' / �•'�. Appointed by Board of Directors to individuals who have contributed ott}3t�d� is b%Tvi%:,u LU'c)te Health Technology community. Malty Hirai Annual Dues $ Check # Date Your anniversary month for renewal is the same month your new membership Is accepted. Please send the Membership Information and Contribution to the CENTER FOR HEALTH TECHNOLOGIES, INC. 1150 NW 14th Street, Suite 105, Miami, Florida 33136.2112 Phone (305) 325-2733 Fax (305) 325-208 The CMWMR FOR IWAL11I WA31 VOLOGIFs, INC is an approved tax exempt 501(r)(3) organization. �tictk*�tltfk*yk�k*1k*****�Irttitalr**�Arttlklk**�k**tit*it*irit*1t***�kir*tt*�k**�Aritlt�ic*�k�k*ittk+k�k**�kA�k**tk9k*ytit�tit�rt�k*tF�tittt�k*skit*fit* CENTER FOR HEALTH TECHNOLOGIES, INC. 1150 NAV. 14th Street, Suite 105 • Miami, FL 33136-2112 9 ? 306 (305) 325-2733 • Fax: (305) 325-2698 W 0_CiNrI`gI` is REVlEf�li OE PROGRESS 3 VISION FbR THE iUtURE 4,' S, G BUSINESS PLAN y PROGRAM BUDGET/MEMBERSHIP 8 AIAr swenteen mehibers of our, Board ,,.�of �trrs�irrng a a^eahlt of Pxprricn<e 9rjrertise in divetse hnckgrrovnds l,> !tr 'gzlWiridnstr�r, liospi4it rdniW slrna'ian, dcddanra;, the Ins-nnd the F4' puhlcstxtor' tYeg>rrtrjutly ni�no��lc�ilr lbeir vrnon, e�rrhrasiasm and dedication old rlti l rf >tdfrr�b lellf»nJpgy lit tAri�i'''iw 9•k •:► vLri -�: .. ,� message from the Chairman and President it is a pleasure to present the first annual report of the Center For I Icalth "Technologies, Inc. The events leading to the creation of the CHT represent a strong beginning in South Florida's efforts to establish itself as a global center for health technologies. Significantly, this progress has been achieved during a time of economic difficulty at every level. The plan to create ClIT's HEALTH TECHNOLOGIES INCUBATOR - translating health technology developments from the laboratory into the marketplace -µwas carefully crafted, and is working. Within just one year, 25 new companies (Affiliates) are in operation - all based on technology developed in South Florida. These firms represent an expansion of the health technologies indusm base in South Florida. At the start-up phase, more than 50 technologically -trained people arc now at work. tWc project that within five years, CHT will have 55 Affiliate firms, 35 of which will be housed in the CHT INCUBATOR. At that time the total CI;1' and Affiliates payroll will approach $2.5 million. It is especially appropriate that we acknowledge the vision of elected officials who have been constant in their determination that South Florida's CHT receives the support it needs. in particular we wish to mention Congressman William Lehman, U.S. Senator Bob Graham, and Congresswoman lleana Ros-Lchtinen. Without their steadfast assistance, our task would have been extremely difficult. In addition, we arc pleased to acknowledge the generous support of the Florida Legislature, the Florida Board of Regents, the Florida Department of Commerce, the U.S. Department of Encrgy, the U.S. Department of Housing and Urban Development, the City of Miami and our members. We ?'so owe a special debt of gratitude to the elected and administrative officials of the City of Miami and Itfetro-Dade County, University of Sliami School of Medicine, Mount Sinai Medical Center, the Beacon Council and the Greater Miami Chamber of Commerce. Each of these organizations has provided meaningful support and cooperation throughout the process of creating the CIIT. As you read this annual report, it is important to remember these arc just the first steps in a strategic effort to attract and retain the intellectual and capital investment necessary to fuel the industry which will propel not only Florida, but the United States into the next century and beyond. It will be an exciting and worthwhile journey, and we invite you to join us. Sincerely, ?&9711 1lurr2y 11. Ilubbin, Esquire, Chairman Eugene II. Man, MD.. president & CEO ;1 9r- 306 W7 ii.:. •- .. i ram• �iA' :r' • T' •s Ire- •'T . t ,,s S� • ' ram! : r+rr .+ems • • , It 19 ..y. -0 vt Y 'l;Ta''tatpadr� - r ; St i r it x5'y �('�i `�hhyt:b arm ; "yW.'�yy��n'�. :� •' h <MnEY i f°, 'a ,•�1� • 3' '� 4� iti �' Y+ ' '} 1 t j yy a a« . : .... - ,. -..i. ..: ..,. {. ..� :... .�.s ,f•. ,.. �.. .._ .. ..;':t ,.'.. � k _ i�a.'.�v "�',�31 Yf'` �''f-1. r.•--8r�_ :t T to The inission of Ciffis to hel� bring tofruition the long -held vision of establishing South Florida as a national centerfor health -related industpy. The P/kysical manifestation of this mission will be the 311,1111 IlEALT11 TECHNOLOGIES SCIENCE CENTER, which will he the base of allfitfure CI[Tactivities. Vitt a • x • 'i _ y t U' t!!-7a 96 VT � t�`} • , .•4�: , f��:' `L +' - are �y ,sj -tlf � ` ••pia , y` r _ .w 4 ,l M. - - - r'� + } PI t:.rl:•'#:i#�'t'i1'y`�!1 - f�� i .+ - • "�,'aist��. rYF,. •+_- '°�?'�i�•w7v'4+i`ns �i�StS `';!� ts"?C*+ ,� :'.t`. ,' - ~'�'ti �'f 4 a Z t .-;t�,',�.. !!c+t"'Nii _ i r :... _ '•�`l. y} � n'�", .. .:� }.. h , ,�ae v t r+b'. - x , t'--. .;,s'e ;�wsY... +•r-'� _ ''fit -::t:yy;—�y y' 'u. v.y,•• .: ,a :�;ti;'S... "k , �'ti ,•6:>2TV '•�C•��iY• ..;i •r�. .. TM, . �Q 'i Z � y a ... �y��,•�, n� �. N'1f ; sgs 3� J � � � � kn+ - I � "+F R t,g�� . �h ' F .. ".-,a Rµ.�: ' la ads t i .. •. - � i+� i'd. . ��'• �'_•hh<y- ,.i't' � - vlsloiN VIOAND AIEDICAL TF.CIINOLOG)' I,S CI FF is seeking a long-term commitment ``•-A FLORYDA'S II07TF,S7'HIGII-TPCH FIELD. for a complex of buildings owned and occupied by It is thriving despite slow progress in other the City of Jliami, which are currently being s + vacated. This 72,M0 sq.ft. rom Iex rests on K L f technology sectors. Its the fourth largest industrial 8.5 acres and is located near the Li\II Jackson emploJ �Tr• in Dade County ... 8700 workers Memorial Medical Center, adjacent to the l'ctcrans who make laboratory ir>,strttments, Administration and Cedars Medical Centers. When r medical devices, phamaceuticals, etc. renovated, the existing buildings on the site under rY i consideration will accommodate projected t EFFORTS WILL RE AfADE 70 A7TRAC T MORE p LNCU11A7T)R growth, OF THIS INDUSTRY70FLORIDA. Miami -based Center for Health Technologies THE LONG-TERM PATH TOWARD is helping start-up companies..." SELF SUFFICIENCY Through its 1ACUBATOR, the CHT r� THE KIPLINGER NF.IVSLETTER, provides services to its start-up Affiliates which i r a September 25, 1991 provide the margin of success to those firms. [-cntually CHT expects to obtain much of its ongoing income by sharing in the profits of its k�, # r , FYp�ialofArpiriimnrr Affiliate companies, and from income earned from auxiliary enterprises such as facilities rentals. This source of income is basic to long-range, ,t ongoing development of the Center and its 4 L,s# ti s,R Y programs. At the same time, the Affiliates arc provided the s:xtra expertise they need to ultimately "spinoff" into successful ongoing ventures, often utilizing space available within the SCIENCE CENTER. THE ULTIMATE GOAL The Center for Health Technologies has as its ultimate goal creating a model research and development center for Florida's health technologies industry. Many of the factors influencing success arc already in place, and the path for achievement is clearly defined. CHT is held in high regard at the federal, state and local levels. An appropriate site has been identified to house the CENTER, and funding mechanisms have been identified to provide ongoing support. The next steps involve developing, the site, creating appropriate linkages between CHT and participating universities, continuing development of Affiliate firms, and extending CRT's private sector membership base. E CHT INCUBATOR FACILITY: CHT has served as a catalyst to bring together fay and Tomormr leading local health technology firms, others in `Technology based science centers the industry, academia, agencies of government ih support incubators require a critical mass and economic development groups. These relation- ships will continue to strengthen as CHT leads ahnological activity. Successful examples the sway in developing a vital CENTER for health located at Cambridge (University Park at ,T ), Philadelphia (University City Science technologies in South Florida. tcr), Baltimore (Alpha Center) and New r ven (Science Center). In Miami, the I/Jackson hicmorial Complex is a logical site y; such activity. 92-- 306 _`' - r rx it t ------------- k is seeking a long-term commitment m Coe �i.itofhplcx of buildings owned and occupied by. the Cicy ofMiamr, which are currently being This 72,000 sq.ft. complex rests on $ 5 aeres and is located near the U\i/Jackson hjetitodal Medical Center, adjacent to the Veterans ' hdrttinistration and Cedars Medical Centers. When ► renovated, the existing buildings on the site under E eonsidcration will accommodate projected ,r INCUBATOR growth. THE LONG-TERM PATH TOWARD SELF SUFRCIENCY Through its INCUBATOR, the CHT -provides services to its start-up Affiliates which provide the margin of success to those firms. Eventually CHT expects to obtain much of its ongoing income by sharing in the profits of its Affiliate companies, and from income earned from ` auxiliary enterprises such as facilities rentals. ' This source of income is basic to long-range, ongoing development of the Center and its programs. At the same time, the Affiliates arc provided the extra expertise they need to ultimately "spin off" into successful ongoing ventures, often utilizing space available within the SCIENCE CENTER. . THE ULTIMATE GOAL The Center for Health Technologies has as its ultimate goal creating a model research and development center for Florida's health technologies industry. Many of the factors influencing success are already in place, and the path for achievement is clearly defined. CHT is held in high regard at the federal, state and local levels. An appropriate site has been identified to house the CENTER, and funding mechanisms have been identified to provide ongoing support. The next steps involve developing the site, creating appropriat( ';nkages between CHT and participating universities, continuing development of Affiliate firms, and extending CHT's pri<•ate sector membership base. CHT has served as a catalyst to bring together leading local health technology firms, others in the industry, academia, agencies of government and economic development groups. These rclation- ships will continue to strengthen as CHT leads the way in developing a vital CENTER for health technologies in South Florida. e n.. ess us, pia4l "it'.s our number one priorit). berausr health lechunlr►k►)' lr the shtale Nerlor of Dade's ecortorn,Y that Pint ort(r has shntt-n true grou+th, rur" rlut'Ink the I'err,v.rlon, but whose potential for rt•pansin" is enormous in the 01"bal rnarkelplarr," )��hn �lndrnnn,l'resldAnr The lIC41 on ( ;unn1 II The hlimtmi I IrtAhl, I)rgrtnhrr %, !'N►I AFRUATE DEVELOPMENT ♦ Develop a roster of 35 active Affiliates, with 15 or more housed in the CHT HEALTH TECHNOLOGIES INCUBATOR. ♦ Emphasize development of new Affiliates coneemed with •thc application of high techpology energy sources (e.g., lasers, magnetic resonance) in solving problems in health technologies. • Finalize the criteria for Affiliate acceptance and performance, while continuing the Affiliate evaluation and review process initiated in 1991. FUNDING GOALS • identify and secure financial suplxart to implement the Facilities i)c%clopment Program. An initial stcp will be to secure funding from the U.S. Economic i)evelopment Administration (EDA) to complete renovation of the INCUBATOR, which qualifies for such funds as part of an Enterprise Zone. ♦ Secure continued Congressional appro., priations, provided sufficient funds from membership and other sources arc secured to finance this process (see "Membership Deveiopment," below). ONGOING EVENTS AMlla►es /roundtable ,S'erles (Monthly) This succcssful serlcl brings together representatives of Affiliatc companics and CHT I)ircctnrs for interaction and discrission of common interests and concerns• CEO Roundtable Series (Quarterly) This series provides a forum for a cross-section of executives representing business, science and government to examine issues impacting the success of firms in the health technologies industry. Complete the review of all current Affiliates by March,1991; begin processing companies on • Seek additional HUD block grant funding CHT ANNUAL MEETING the waiting list. as a second phase of the current appropriation. The first CHT Annual Mccting will take ♦ Emphasize minorities, technology -based • Pursue State of Florida funding and place in February, combining the Annual Nicctings of the Corporate Mcml)crs and the preventive medicine, and improved delivery of support through Legislative appropriation, Board of Directors. A focus of the meeting will health care firms in new Affiliate devclopmcnt- and cooperative efforts with the Florida Department of Commerce — which has be the nomination and election of Directors FAMOY DEVE PMENT expressed keen interest in the development to fill Board vacancies. of CHT, part of Florida's only "Health • Acquire and occupy sufficient space in Technologies Cluster." PLANNED EVENTS the HEALTH TECHNOLOGIES INCUBATOR facility to house at least 15 CHT Affiliate MEMBERSHIP DEVELOPMENT Affiliates Showcase companies.Following • Secure along -range commitment from the • Secure $135.000 in Corporate and Trustee the format of the very successful Breakfast Mccting held in June,1991 at least City of Miami to develop the 8.5 acre site on Memberships (35 new Corporate members at $1 000 per year, 9 new Trustees at two similar meetings will be scheduled in 199L NW ]lth Street into the A1IAAt1 HEALTH TECHNOLOGIES SCIENCE CENTER. $10,000 per year, joining Founding Trustee These meetings provide opportunities for selected Affiliateto resew their work to the P Wallace H. Coulter). audience, and the opportunity for all Affiliates • Renovate up to 30,000 sq.ft- of existing The crucial elements of survival for CHTto set up exhibits, Sponsors similar to the June buildings on the City of Miami site with federal are meeting and attaining the membership meeting hosts, the Beacon Council and Grater i funds,"once- commitment has been formalized. goal, together with successful efforts to develop Miami Chamber of Commerce, will be sought. ♦ Develop architectural plans for Phase I of other sources of non-govcmmcntal financing. the MIAMI HEALTH TECHNOLOGIES In these early stages of CHT development, prior to realizing any significant income from 1992 CHT COMMITTEES SCIENCE CENTER — including renovation Of the majority of existing buildings within the Affiliate activities, the only viable source of Committee Chairp mw INCUBATfIR site. significant financial support appears to be the Community Relations Anne -Lynx Keplar Federal govemmenL Membership Daniel M. Bell • Initiate design criteria for the completed Initial success in this area may be followed Allyn L. Golub SCIENCE CENTER complex (shown in the by achievements in the future, provided Nominations )u1io J. Gonzalez arehiteitutal rendering on pages 4 and 5 of sufficient private sector funding is obtained. Financial planning Murray H. Dubbin diO program budget 1991 BUDGET CATEGORY AMOUNT EXPENDED (9A/90—12/31/91) salaries (including fringe) $212,025 $186,367 other personnel services 71,000 75,411 operating capital outlay 17,000 23,395 expenses 49,975 64,474 total $35O,00O $349,647 membership THE IMPORTANCE OF MEMBERS In the CHT's first five years, membership investment of time, expertise and funding is critical to joining the creative process with the manufacturing process to produce products and jobs. Public sector funding is designed to assist CHT in establishing itself and in planning for the creation of the physical plant. However, long-term development and construction will rely on private sector funding and income from CHT Affiliates. As Affiliate firms become successful, physically establish themselves within or outside the INCUBA7YJR facility and begin to generate a revenue stream back to the CHT, additional funding will be realized. 8 BASIC MEMBERSHIP BENEFITS ♦ The Iicalth Technologies Industry has multiple business impacts, direct and in- direct, including: investment and financing, real estate and insurance, technical consultation, legal services, development and architectural services ... and many others associated with any rapidly developing business or industry sector. ♦ Business and professional interaction in the mainstream of an industry targeted as a priority for economic development by South Florida and the State of Florida. ♦ 'The opportunity to develop contacts and cxpaod your business base by Icaming the needs of start-up firms in the health technologies industry. ♦ The opportunity to meet and partici- pate in the early stages of development of small companies which might grow to become industry leaders. • CHT members meet and become familiar with CHT Affiliate firms and their programs and products. Through this networking opportunity, these contacts may turn into solid business relationships in the future. W 92- 306 7hister Coulter Corporntion Wallacc I I. Coulter, Chairman Corporate AD-TECII Communications Daniel K. Palmer, Management Partner A. T. Kearney, Inc. Robert Taylor, Senior Vice President Cordis Corporation Donald J. Larnard, Ph.D., Director, Corporate Development DIAMEDIX Corporation Joseph L. Gicgcl. Ph.D„ President Dubbin, Berkman, Bloom & Karan, P.A Mutray H. Dubbin, Esq, Frank B. Hall & Co. of Florida Richard lialsam, Sales Consultant Florida International Universitv Thomas A. Breslin, Ph.D., Vice Provost Guidelines, Inc. David A1. Cohen, Ph.D., President IVAX Corporation Jack Fishman, Ph.D., President Jackson Memorial Hospital Steven R. Nathan, Senior Vice President & CFO Kos Pharmaceuticals. Inc. Daniel At. Bell, President Kubicki, Draper, Gallagher & McGrane, P.A. . George F. Knox, Esq. Metro -Dade County Office of Community Development Ernest L. Manin, Ph.D., Director Miami -Dade Community College, Medical Center Campus Tessa A1. Tagle, Ph.D., Campus President Mt. Sinai Medical Center Fred D. Hirt, President Rosen Associates/DaliffCorporation Clifford D. Rosen, President Telectronics Pacing Systems, Inc. Frank J. Callaghan, Director, Research and Development, Leads and Sensors The Beacon Council John C. Anderson, President University of Miami Peter Tarjan, Ph.D., Professor, Department of Biomedical Engineering University of Miami School of Medicine Robert W. Rubin, Ph.D., Vice Provost for Research White & Can Julio J. Gonzalez, Esq. Individual Allyn L. Golub, Ph.D. Special thanks to Ferguson Glasgow Schuster, lne, for the architectural rendering of the Aliami Health Technologies Science Center 92- 306