HomeMy WebLinkAboutR-84-0851J-84-756
7/26/84
RESOLUTION NO. 84"' 8 -1
A RESOLUTION AUTHORI7,ING THE, CITY MANAGER TO
EXECUTE A MT1,10PT`t'Y PARTICIPATION AGREEMENT,
IN S0BST7\NTT:7\I.j,y THE: FORM ATTACKED, SAID
AGREEMT,', T FOR THT., PAYSIDE SPECIALTY CENTER
BETWEEN T111CITY Of MIAMI AND BAYSIDE LIMITED
PARTNERSHIP.
WHEREAS, the City Commission, on May 24, 1984, authorized
the City Manger to execute a Lease Agreement between the City
and Bayside I.,imi-ts d for t�hr. Ezaycgisle Spec .,31ty Center
upon Commi_sr:Jo,i approval of all exhihi1.s 1,.O the 'Agreement;
NOk%r 7'1}I 3.f ZOIZ} , BE IT PESOLV)11) BY T1 1:; CITY COiNlrl ISSION OF THE
CITY OF MIAMI.-
Section 1.. The City tanager is hereby authorized to
execute a Minority Participation Agreement, in substantially the
form attached, said Agreement being on exhibit to the Lease
Agreement for the Bayside Specialty Center between the City of
Miami and Bayside Limited Partnership.
PASSED AND ADOPTED this 31st day of July , 1984.
ATTEST:
I 3H O IE
City Clerk
Maurice A. Ferre
MAURICE A. FERRE, Mayor
PREPARED AND APPROVED BY:
/1
, 1
ROBEVP N. ` LCHEN
— Assistant City Attorney
APPROVED 1110 F01-1MAND CORRECTNESS:
-- J CAI It.,.-�"1��,,
ity Att r_ c-y
RNS/wpc/pb/151
CITY COMMISSIONT
MEETI?' Chi"
JUL 81 190'
L R€ L! °.6L"t -,.� - -,
CITY OF MIAMI, FLORIDA
S-10 INTER -OFFICE MEMORANDUM
TO Honorable Mayor and Members DATE: FILE:
of the City Commission
SUBJECT. Bayside Minority Participation
Agreement
City Commision Pie
FROM Howard V. Gary REFERENCES €.t ing July
City Manager 19 8) 4
ENCLOSURES
== Resolution, Minority Agreement
It is recommended that the City Commission
authorize the City Manager to execute a
Minority articipation eement, in
substantially the f.'orm attached between the
City of Miami and Bayside Linmited Partnership
as an exhibit to the baysiide 1)ec.iU.1_f.�* Center
Lease A g rr o c n, e n t.
The City Commi.-,.;ion b7 r Rce ,o ut ion da"ec_ 1984, approved
s the Bayside Cctit.cr I ( a 7c fwr 1 ch —v)1, .ind nuthorized the
_ = City r'a,11rz(-'.:','' i o s_' •.cL? C'17t? :. '.-`•.II t.h-_ ..).r}i_<(21-2,tanding that
all ad :l i. t. -c l . J c: - 17' I , �... tc , Iac <al.i r_ fern: iat i ou1.d be brought
separatel.,= t,"- 1`0r1W Co, .,ri ior7 ;'ca" roVi-I .
The rat:.t;r;cIiF=d I;:;noI ity F'i rIic,°� n lxt?.I-eeri;ent reconfirms The
Rouse (,om;?<.1i1` 1)1-0p11d csto 1,ishes, goals for minority
contract.—Jn[,.,a r7ir7<:rit. Iiiiing and minority tenants for the Bayside
project.
It is reco;:".'mendcd tI7<?t the Minority Participation Agreement be
approved, i.n subst.antia11y the form attached and that I be
authorized to execute the Agreement.
: —1
7/24/84
7/26/84
MINORITY PARTICIPATION AGREEMENT
THIS MINORITY PARTICIPATION AGRF_T-:"ENT ("this Agreement") made
this day of 1,934 by and 1 tvrcn t1r-_ CITY OF t11A.kilp
municipal COTPOTAII-J.nn of tlr� 1_55tatc of Flor,�( i Ja ("thc City") ;7ctinq by and
through tti!,_ CITY MANAGER ("th-_ tlan:nioci.`) and BAYSIDE LIMITED PARTNERSHIP,
a Maryland limited pPrtr-c_r!-,h1p ("D[ --vc1op--r").
STATEEME, JJT OF BAD<MOUND AND PURPOSE
BY authority of i.tag Cil.-,y of Miami Charter, th-c City on 1
1984 advertised a rcqucst for propo.als for ttr- unified development project to
be known as Baysidc �`,pccialty C-cni-cr for dcv0_npm-,2nt of a portion of the
Bayfront Park, i; h 5. c 1) 0� - vic I o �P M I I t In:OUld i R21 L d C rcfstaurants, fast --fey
-services, r0t,_J.1 111LAL5AIL!CE=, markets and cntertaimic-nt areas responsive to
urban, environnctnt,-;.1 and design factors inherent to the City waterfront and
Bayfront Park.
Developer submitted a proposal to develop a mixed -use project
("Project") to be known as "Bayside Spccialty Center", which proposal
contained, amour Other t1hA-*.(Y!51 a [Wnor itY P.1"It,
Plan.
It is thz, Mutucal dc.�irc of th,_ p,-,rti_c: to set forth ti-teir agreement
and understanding of ILt-re goals for rri;.nority Participation in tt-� Project.
C In consideration of the foregoing and the covenants and agreements
hereinafter set forth, tPie parties covenant arad agree as follows:
nm_rlr�. r- IT
r, r-r- T I I I T It r� k i r-
Section 1.1 Defined Terms. As used herein the term:
this P reement", means this Minority PaTticipation Agreement, as the
q�_ .
same may be trodified or amr-nolrd front m- 1,n
1-i-is tl meaning ascribed to it in the
Statep--rit of R,)r-J(aTNrid ;7,nd
icribcd to it in the opening paragraph of
this Aom_1-mcn1
'"th!7 City Ives the meaning ascribed to it in the opening
paragraph of
'Constroctinn rontracts' means those certain agreements between the
Develcocr Pnd i con -A)i.rtinn mat-irigor or contractor for construe Lion of the
Developer J_ncludim -zelatcd subcontracts between the
constn-ic"Cion rr-nizacr OT contractor and subcontractors, excluding, however,
contracts for Tcn;nt
"Devo, tfr.-� mcaning ascribed to it in the opening paragraph
1:0
of this Agrv-cxn,2f,A,._
Tnunlal-,Jon" r-eans that certain entity having the status of a
non-profit organization under. Section 501(c)(3) of the Internal Revenue Code
which is created by the Developer to promote minority developntent in the City
Am -
of Miami, Dade County. Tt,)e Foundation s0iaill have a board consisting of
fifteen (15) directors with one-third of the rjirector�, aippoLntc-d L)y Dcvcloper,
one-third of the directo
rs appointed [),y th,_City Com"TUSIU S_l End one-third of
the directors representing canminity organizations elected by the balance of
the board.
"Foundation Contribution" has the meaning ascribed to it in Sect-i o'P n
5.3.
"Lease" means that ceftain Lease Agreement b�atv.,een Developer and the
City dated 1984 for the Bayside Specialty Center.
2 -
MCN141-W
"Minority" has the same meaning as defined by the U.S. Department of
Housing and Urban Development, but with special emphasis with regard to Blacks
and Hispanics.
"Minor.�
_ausIn rs Entexp rse"
has the same meaning ascribed
to it in
Ordinance No. ____
approved by the
Miami City Commission on
19W4v as am--nd-d frm.i time to 'tinc.
"HiinoTity Tenant" mans a p=on, firm, corporation or other le�al
entity using or ocet-eying or. entitled I -In ssLe or Qua,,y any part of the
Project, who is a Mi.nority or a flinoTitv Businc5si Enterprise.
"Minority Cmmittec" his thc, mcaning a.scj-ibcd to J.IL in Article VIZ.
"Private
Industry Gour-ncilll
means tVr; Private
Industry
Council of
South Florida, or
a non-profit Florida
corporation, t-Rving
offices
at
"Project" has the meaning ascribed to it in the Statement Of
96 Background and Purpose.
"Section", "subsection", "paragraph", "subparagraph", "clause", or
"subclause" followed by a number or letter means the section, subsection,
paragraph, subparagraph, clause or subclause of this Agreement so designated.
"SBA" shall mean the Small Business Administration of the United
States.
"Tenant"
means a person, firm,
corporation or
other legal entity
using or occupying
or entitled to use or
occupy any part of'
the- Project.
J�
"Tenant
V _1,-,A ,Iro erncn�s means t f-K) �, C i MP r 0 vei-ne n t s arid furnishings
-
required to be made ILD thC preMiSC-S leasers tjy tJ-Ie Tenant pursuant to t*
Tenant's le4se.
Section 1.1 Terms in the Lease. All other defined terms shall
have the meaning ascribed to them in the Lease.
- 3 -
ARTICLE 11
CONSTRUCT10N M- NTRACTS
Section
2.1
Goals.
Dt-vr last:).
agrees to exert
diligent, good faith
efforts to meet
tl�--
followi.nyq
gn-il., i,n
r6ation to the
construction of the
Project
a� Thi.TC t Jv- Pee-;.r.-nt: (71-�;) of t Ir totpl c_ji 1111. C'onstructi.on
Contracts in t:l agqrcaate to be a4;arded to Piinori.t:y Uij:7 i.nn,s. Enterprises,
including, bLit not lir<ut^ci to, subcontractors and lat.aar_rs, and
b. Fifty percont (51T. 4) of all construction jrt)s under Construction
Contracts to he fillcd by Vli.noritics.
Sr_et:ion 2'.2 DeNrcIolacr' --. r bli_o:ation. Th P-cvcloper'r diligent,
good faith efforts shall includc, but not, b^ limited to, the fcallo):a_r-1g:
a. Gcsi.nn? ti.n a specific construction trades for cc�e titive biddi
among Minority contrL tors,
b. En.-m.+r c irr:7 joint ventures between Minority contractors and
non --minority contractors,
C.
Rec.riring the
Developer's
general
contractor
to use
diligent
efforts to
hire Minorities
from the
neighborhoods
having the
highest
rate of
unemployment,
d. To the extent feasible, providing for small subcontracting
packages in an effort to obtain bids from qualified Minority Business
Enterprises,
e. Waiving bonding requirements for qualified Minority Business
Enterprises if (i) that Minority Business Enterprise otheerwise meets the
requirements
of the
Developer,
(ii)
the waiving of the
bonding requirement is
necessary in
order
for the bid
to
be competitive with
non -minority bids, and
- 4 -
C
irk
(iii) there is no other hinority Business, EntrTpri-s--- t).iddinq on the same
contract that does not require a waiver of 1-11-r T,-q-ti.rements,
f. As permitted by the projcc.t. I �t-tJcir i, -,nrj ronsistent with
procedures to hve crI-nhTJ,0-r(J, 1- nwuTdr-.,d to Qualified
Minority Ent.-T.prilzr-7, even of th-,il. flin-1rity Tlnsrrsr, Eni-f-,q-)rise J-s not
the lowest WAII fnr paT.ticular proposal in order to m-,-ct the, goal established
in Section 2.1(a),
g.
Ncgotiating cash draws
upon completion of
specific
segments of a
subcontract
or interim payments to a
gialified Minority
Business
Enterprise to
which a sul-,)contract.
h-is b--cn awarded if UY^
CPSh
draw
or interim payments are
necessary, in tf-'
�L
op-Inion of thc Dcve.I.(:vper,
to
l
a:;-J �-sL
k.
I`i Minority Business
Enterprise in mcetim, Pny cash flog, rcquirc-mcnts fn7- th!., Subconlk---rpct,,
h. Advif;i-np VJn,-)Tj.I..y Pusincss Entc7pri.scs u-11hr-) -=re bidding on
contracts on to o!)t�,Jn for thpurchnsc for supplies or
materials' for us- on ILIJ,- f,Y,()jC-J, !:,C)
L- , L the Minority Business Enterprise may
bid competitively on a contract,
i. Advisirva Mirvority contractors, who are awarded contracts or
subcontracts, on the development of managerial skills necessary to Coordinate
their contract with tly-, otty.?r contracts in trPrD.ject, and
J. Encoun-:-Igir(tC4' lr3'SC a`�s pc.rr--ia., contractor and subcontractors to
purchase materials, -tr,)plies and for work to be performed on the
Project from Minority Business Enterprises..
ARTICLE III
t]
PROFESSIONAL SERVICE CONTRACTS
Developer agrees to use
diligent, good
faith
efforts
to hire
consultants and professional service
firms, that are
either
Minority
owned or
- 5 -
84-8!-1-
who have entered into subcontracts with Minority owned firms in connection
with the development of the Project.
ARTICLE IV
LEASING
Section 4.1 Goal. City and Developer agree that the Project
should have the W-ghn-st possible ntnjO.,-T, of Minority Tenants, and that the
setting of �nccci.fic qjotas foT Vlin-mrity Tenants v,,,ould prejuccii-re Individual
Lease ncoatiatinns to thc po-ssiblr- c,onord-c cletT.1mrnt
follo-tving �7r-iAkons ete forth crrtain t;tcps vhi-ch Developer ot)JJojtcs zfscl.f to
take to eriqble thi-5 gnpll to bL, acco-,�,.)JJ.�Jx�d and to enable ti-r- City to Monitor
Developer's
Section 4.2 Dcvcloper O'blio"Itions. In pursuit of the goal set
40' forth in Sccl#-Jon 11.1. Dcvc-lor�c;- vJ11 take the following steps:
E1. In adv,:n,,---c of th- [-ain-ljno of Project Icasing, Developer will
set aside not less than fifty percent (5T-!,,) of the niter of spaces to be
leased in tl Project for leaving to 1-Unority Tenants.
b. Developer will designate spocific high volume leasing categories
which have been successful in other projects davc1oped by affiliates of The
Rouse Company and will hold tlx;,se catcgoric-, refthc, marielet until November 1,
1985 (suvh data to b-a exterripc; in th-2 event i f E. t b--fore November 1, 1985 the
project opening, date is extend bzyonc' 114',overribar 1., 1986), making them
available for lea-i5ing to Minority Tenants, consistent with the Project's need
to meet rental obic-ctives and to have the maximum possible nLrit>--r of stores;
restaurants, and eatery places leased and open to the public when the Project
opens for business.
1 6 —
�! R
co From the outset of the leasing Process, Developer will make
diligent, good faith efforts to identify a pool of prospr.r-Ji-ve Minority
Tenants, and will assion to this tp.sIr, )casinq
d in
Develop -,j,,.y ' - -n'.. 1foO.�' n t- T,- I s, f �i I 'r these
-cj.cl Irisina off.ic- •in tti- W tli-) i I
rep rcsrnta pez n-rcfzs,)Ty by personncl th-c. home
Office Of
d. Dr.vc.1(-,,pc7- v,!.1'JJ also make diliqcni-, good faith efforts to
identify Pnd, as ipprqpriatr, stimuilat-c joint vcnturcs [x-'1wr,7n priiosprctive
Minority merc.hants and qo;i1j-'Ji.cd non-minr)7Jty bLiSimss pox-zons: or c.nl-itics in
order to provide th-, Minority partncr with the fip,?ncial or man,-4gcrRc-n1.- SLrj)Port
necessary or dcsiril)lc to bc-cMic any rcm._in a viable Tc--nant in the
Project.
Upon aorccmcnt of
bc)k:h
thr qualified
minority
and non -minority
parties,
the minor-ity partncr
In such
vc-nit--orc sh-r-ill
have the
right to buy-out
the non -minority i ntcrcsts in th2 V('1-1tLfTC-.
C. DcNc.Jo,-)cr will cstal)lish a rcgul.ar communications and outreach
program with the Minority community in U-c- City of Miami and Dade County to
make known available Minority Tenant ctpportunAties at the Project. This
program will include a public rela,.Uoi-is (lnCluding advertising in
local Minority rr,,cadia), to louA trlinority co�munity groups,
mailings to knL,.w;n, I i ty s, and in�ependent canvassing of
local Minority uierch- nt.s by Dcv,-Inpc-rl 51 lcra;ing 1cpresentatives.
f. D e v c 1 op e I, v,ill I t i ko I cim c- n t a program for interviewing and
qualifying Minority Tenant pz:ospects once tt�Y are identified. Interested
prospects will b--, required to co,,i�;plete siRple qualification questionnaires
indicating, among otfer things, proposed merchandise catecory, previous
business experiet-ce and credit history (if any), bankim relationships (if
any), and the reasons why the prospect believes he or she would be a
- 7 -
C. From the outset of the Leasing Process, Developer will make
diligent, good faith efforts to identify a pool of prospcctive Minority
Tenants, and will assign to this taro< lc:isinq hq,"f7d in
Yi
Developpris, 'UrJd 1,e.,-;s1rK, office, Jn tl-r City of Eli im.i. Tf-r, r'Unrts, of thp-se
represent: nf-ccs:;,�T.y by pears onn--1 from, thc fine
j.
pC-r);Tpany.
office of DrvrInV-y'!; � 'I
d. Dr-,vrJ,qp--r alrzo !71-A<r- diliacnt, good faith to
identify Joint vrnturcs bctwccn pm.,-.,pcctivC
Minority mcrch=lntel:, and qjalif.icd non -minority h�.rsJ-n--ss pvr-sons or ri-ititics, in
order t1-0 DX-00,0-r 1-tic tlij'noril-y paYtn,,7',c with tat-c Tin-,inc5,,,0 or manpgcrin-W.: support
necessaxy or dcJ-7,3hlr 'L'o P;nd rc-M7,in a vi,31)).-- Hjirinrity Tenant in the-
lified mina-rity and non -minority
Project. Upon scircrm, n' of bth t - o1'c qUa
parties, thc iinDT J� y pa in f-,i-ich N,.,-cnL-uTc shall have the right to buy-out
t-
the non- miinaritv J. ritc rc', An th-c vml.ure.
a- C t'J-11 establish a regular communications and outreach
program with the Hintarity commuaity in the City of Miami and Dade County to
make known availat.,de MinDrity Tcnant opportunities at the Project. This
program will include a public relations cim4paign (including advertising in
local Minority media), prorscntations to local 111imrity cu-n-unity groups,
J -f mailings to Entcrprisc-5, and it c pendent canvassing of
local Minority unerch7nt�, b/ Dev.1cipey's, leasing representatives.
f
Developer vill it lament a
program for interviewirg and
qualifying
Minority Tenant pros pects orce
tt--ey are identified. Interested
prospects be iequired to co�pletc si
niple q ali at� on estionnairo
qu
indicating,
afiDno otter tfiings, pio, os'd
mcrch-ditc category, previous
business experienr e and credit history (if
any), bankirg relationships (if
any), and
the masons why the prospect
believes he or she would be a
7
aire
successful merchant. Each prospect completing and returning a questionnaire
will be contacted by a Developer's Jpis;lm rep resent ,4tive, after which a
preliminary .1tiripm, ni. itrill ZI -- mr,-JP J)y 11— t 1-r r j.() PjjT!:jj fjjrtirr
Wh�t[
tf- F'-).T%P'�f)r.'C1,
Tr.q.lire
f i j T ir) T-dC J7
0 ai.RT Ini A
bt1cJP-!,7-, fl 11-
DevelopcT W.
p rn!ptly
nil
an, in pnorl f, i-h,
(hl,lt in
any evon't. juripm--ni-I vic Jn -c-;nj)) P (%
J-f ntr-1
a judqmr-,nt j.5 in fak-oT of a pros.pr'ctivc Tcn;;nt, to ncootiatc in
good fail-() a Lease wil.-J) str2h pm-�rct and, vficrc ar�proprj- t to a
P ssist such
prospect in rIrrP.nqj.ng the n-ccr,,,aT-y fjnan,. j.,-3 ;zr"-,r;i!,tPr1Cr-.
9, In oT-dcT tn p)-o!7p-1c1-Jvr flirr-i-ty Truants in securing debt
and equity fina)cjnr to
stnrl r-1 n in 1-he
P).-oJect, Developer
will
initiate and ccordjn�"t,(-
a fj-n,-,,;YJn9 propi.an, fc)3- Hingrity
Tenant:; and
will
enlist U yet
r)f Jocat Ix,,ni,�,, tiv- 53A, nnd
-Tocl,
'tatc �nrl fccle
r �l
business cllovclopmcnt assisT-an.�e
aqcncics. As part of
th.)-s proroj-e,rii
DI-vc3.oper
will providez rash p),-ants as tenant allowan:,--cs to
foFid s-
portion of
th--
startup, invcnton, leaset-t-,)ld ir4)rovement and capital costs.
Developer shall nr=notinte tf-r- amount of such grants on a Tenant -by -Tenant
basis, taking jn1*1c) accolunt sLr.h factors, among others, as a Tenant's financial
net worth
and
c.mi'ty
contribution, size
and use of
the prospective
leasehold
premises,
th
r: tir,,z Led
cost of Tenant
Improvements,
the
estimated
cash flow
for the-, prospective new business, and tty--- terms and conditions of debt and
equity financing thten available from al-1 otter sources to the prospective
Minority Tenant, and 'Ur? ar-oount of cash grants made to com;)arc-iblic Minoriv
merchants in ol-Aicar projects devel oped [--!y Zffil-,-ites of Tl-r� Rouse Croqv-xiny, and
r- J I
the amounts, b,.)Jgctecj for this PulPose for tl-c- Projuct. The parties hereto
recognize that neither the goals set forth in Section 4.1 on the economic
- 8 -
viability of the Project require that every Minority Tenant in the Project
receive a cash grant from Developer. The parties also agree that each
prospective Himrity Tenant obtaining financing through this program will be
rewired !:.o cnntri-butc,. i-YJ I'o OJrmnnstT-a'Lr; the ;;Wlity I'Lo an
appropriate -Imimnt C!a thr 1r) cnsts (-,If 1_1� rt-w n- r-14ujt-.Y.
n,.-cd-_(.J to
Minn;--y Trn-irfll! to
nstablish
and maintaAn
rrnw buT;Jm--sc'
f-t tht -
Drvcl_(--)c-J' wi,ll prnvid--
techrlical
assistance
using
pr-,f�onnrl. st-itiom:d ;Q,--
D,--vrJnr_)-IrIf� firl.d lcasiryp office in
the City of
11-lip-mi
nr
from I-r-nie; Office Of Developer's
parent, Tfy^ Roty-:,r Cc-ip,.ny. P; 'Fo)Joi-,--I:
i ) r
k Pcvc!.n,-)rr'f: fi.nqn-r5c], per-sonn,--1 working with local minority
business dIc--vcJn,'_)m;_nt Pssi-stancc prow-ps, it -Ill, nss.i.,,;t Minority Tenants in
preparing, fin;,,ncinq and ppckarics and in pT.occ�-,sfng su-h
S
applications ILh7-oi_1oh [)Jkloilc and public Icn:-no insti'tuli-JO,"K
W) lrarzino , nd persorvrel and
consultants will work with prospective MinDrity Tenants and their
designers, consultants, suppliers arO contractors to iq)rove store design
and layout and merchandising presentation, to reduce store and improvement
costs where feasible, and to expedite store construction and equipment
delivery where feasible.
I%M"rlrf%l rl 111
FOUNDATION
Section 5.1 Purpose. The Developer shall establish the Foundatio16
n
for the following purposes:
a. Creating and administering a loan guaranty program for venture
capital loans to Minority Business Enterprises,
- 9 -
2
Creating a
Minorities, and
vocational/educational scholarship fund for
C. Providing technical assistance to local community development
corporations engaged in economic devploprwent, -,;Lr.h as the Miami -Dade County
Chamber of (-�l-i.n Ch-imb��T nf in tj-r- fnrmf, of r-innacrnm7nt,
legal, rjcvelc�)Imn-nt. Ps ccwin—linci .1nd tr-3,f).ing, ind
In ttr cnmmmJo-i..1,y W.'N-C3-MM7F1' cr)7o-r-itions in
developinq adc-(11,11P-tc stg)PoTtl sy;tcmq, and th-- roordinatlwi Pod i.-ntcara--tion of
resources towarda cconomir (1cvc1opmcnt of Hi.no.rity Bur ,iricss Entew-riscs.
Ser'Lion -'.2 Ttv, Four0alJon sh;-4,11 be established no
later than si.x. (6) riinnth,:; prion, Ln th, Opc--ni-ng Datc.
Scction `-.3 Frur'Option Developer agrees to pay to
the Foundation, k,rn percent. (10P,) of N!ct Incomn- Available for Dj�,7,tribution yr
$ 1001 OOD r A,> nrcater (11--oundation ContribUti.01P.). Th'o- W,nimum
$10090,00 pnyrin` :4.V,11 [%'r',.-1d1--- lin cqual q-iartcrlE insta))mcnk--,; cc1:1,-,,-nCn:.-Jr-,, on
the. Rent Cc)?Trflrl-nemcnt Date, and ending tit tlic end of tt-rc term of th,- Lease.
The Foundation Contribution shall be adjusted at the end of each Rental Year
based upon tl� Anrwual Financial Statement. If tf-e Annual Financial Statement
shall disclose a liability for the Foundation ContriWtio-n in excess of the
amount paid by Developer for the, period in q-1r1--stJ,o,-f, ()e-123-oper -Iia-11 pr-omptly
pay such odcjition2l Four-i"Jalk"jor, r-c.ntr.-1.bA-J,,-,,n to tt'r Foundation. k,'otv'ithstanding
-xerTpt
L 5W the f oi )ir .4, should tt FOLY ition cc c to be a Ac) (3) tax-c
organization, ttv-, F"ound«tinRn Contribution shall ei.thcr W be placed in an
.1
account and paid to ths, Fourida-lion zat such time a interest b,�.,rini escrow s the
Foundation shall satisfactorily prove to Developer tt-int it has qualified as a
501(c)(3) tax-exerTr)t organizatior. or (ii) at ttie written request of the City,
be paid to such other non-profit organization qualified as a 501(c)(3)
10
tax-exempt organization which is reasonably acceptable to Developer and which
has goals and purposes similar to the Foundation.
APTICLE VI
TENANT EMPI-OYMENT OPMATIONS
Section 6.1 Ten-int. F r,-v) ) n Y n, e7 n f. Developer agrees to exert
diligent, good faith to vmirk with Tenants in the Project to obtain a
tenant euploymcnit, po,7,1 f(.)T WInoriti,c!; of r;r,vrnty-five prx-rent (75%) of tenant
employment (�-ilrni rrp!;� V"hi-le. it jx; rrcnq1r)i7'f7.d that D!-vcJ.npcY- cp.,nnot r-rquire
Tenants to mect iny particular hir,,if-Iri (T v 1s, Dc�!cjnr p c T
Jol) T7pining rid P:rj, va I'le Industry
a,
Council personticl. i-o a referral _,,crvice to )()2,itrd at tho Project
site to takc -,crccn applicants and refer prospective r4irviri Y
employees to Triviln"
1). pl,ovldc the referral service with office facilities at or near
the Project site, during the construction period,
C. Provide a coordinator to survey the employment needs of Tenants
as soon as possible after leases are signed and to provide such information to
the referral service, and
d. Advice Tenants of the availibility of the referral service as a
source for meeting potential er-ploymcnt needs.
sectioln 6.'2 Dcvc-1o,-,)er Erpjqyment. Developer agrees to use its
diligent, good faith cffortn to hire Minorities for at least seventy-five
percent (75-'Aw) of its proje,ct co)eratJon positions ard for at least fif i ty
percent of key positdons of the With regard to
these key rtiariLoement po.,,i.tions, Developer's diligent, good faith efforts
shall include identifying five supervisory positions with project managerTent,
engineering, maintenance and promotions to be filled by qualified Minorities
recruited from the Miami area.
ARTICLE VII
MINORITY COMMITTEE
On or
before 120
days followim., execution
of
the Lease Agreement,
Developer will
establish an
P(J I-vor- mi-nority advisory
and
assistance co-nmittee
("Minority Committee") of icsPonsiblc of Minority
and
ott;-r
qroupoovcrn,-Pcnt
P.acncics,
and
th rndlin.
1) r- vm 1 op c r
will
mcct
iIIA-11) Lhc Hin,,)Tity
Corrinittcc on
not 3-css
th=in
a
T11,2
Minority Co-imlittlec vill (a) ndvis7c Dcvc-loprr on ;,-cJdj.tJon�;.1_ mcans fir;,--) ur;_thods
of accomp-lishing Developer's Goals as rot: forth Vercin; (b) ass_ini: Dcv.-I.oper
in caTrt.;nica1VJrn_ inlloT-mation to thc HinoTJ ty cal-milunity concerning n, porturnitics
for Minorij.v part--iciPall-lon in oclvclopment, con!:tructinn, lcasinq Ad
manaacmcnt ol- the Projcct; (c) revict,,, on a rcoular basis D-_v(_Jnper1s progress
with the miiic)rity participation program. The M.inority Cammittee shall meet at
Developer's field office in the City of Miami. Developer will maintain
minutes of
thp
Cormiittee's meetings
at
its
field office in
the
City of
Miami
available
for
inspection by the
City
and
the members of
the
Committee
upon
reasonable notice.
ARTICLE VIII
MISCELLANEOUS PROVISIONS
Section 8.1 Florida and Local Laws Prevail. This Agreement shaki
be taken and deemed to have bclen fully made and executed by the parties t-ereto
in the State of Florida. for all purposes and intent and shall be governed by
the laws of said State.
- 12-
L7
Section 8.2 Conflicts of Interest•_ City Representatives Not
lndiviggalI Y Liable. No member, official, rep resentati.vr., or rmployee of the
City or t.t- -! City H-rinaa ^tlal.l Vv3ve any prnr. *anal. i,nt.rryr.nt. nJ rrc_L or indirect,
y n f
An %.h? sAq t f r nt_e ;.C7T P�a..l. « `t.it:: l rtr 71}z^".'. scor
etipl.rayrF! ?.i..ir P?#:t' 7.n fin!! (1[ :),on x-;7,3,14--no to this (spa€" !^ntR tahi-ch affr_;uts
his nr ter p^r nnal inirmst of any CoTpo,. af'ionp or "1!7.10ciation in
Which he,
or s is, di_rrcctly
or i_ndirk ctl.y,
i.nt.c;_rs'V.cd-
No mcmf,a
�i,
official,
represcnk:at:.i.ve
or employee of
the City or t Vr_
City
t9anagcr shall.
tfc
personally
liable to D,_vcJnp-r or any successor in interest: in the event of any default
or breach by tar, City or th�-_ City Manager or for any amount: iwhdch may become
due to Developer or successor or on any obligations under the terms of the
Agreement.
Section 8.3 Notice. A notice of communication under this
I
INK Agreement by cithcr the City or the City Manager, on the one hand, to
a�
Developer, or, on the otticr hand, by Developer to the City or tha City Manager
shall be sufficiently given or delivered if dispatchved by registered or
i
certified mail, postage prepaid, return receipt requested; and
a. Developer. In the case of a notice or communication to
Developer, if addressed as follows:
General Counsel
Bayside Limited Partnership
c/o The Rouse Company
Columbia, Maryland 21044
b. City Manager. In ttre case of a notice or communication to t;
City of the City Manager, if addressed as follows:
Howard V. Gary, City Manager
3501D Pan American Drive
Miami, Florida 33133
- 13 -
F IF
or if such notice is addressed in such other way in respect to any of the
foregoing parties as that party may, from time to time, designate in writing,
dispatcf-rd as providr.-d In this Srrtinn 8.3.
11.14 P'l-lkinq
GAr,--,Qe Aqrc�emcnt-
any
ot. )c r
provision of e,tli
Aqrc-rm-nt or
'1-11-v- 1--,i-r tn
ifyronilri-Ty, Uh- an:,11s,
f-'r-L
forth
in Art j.cj.c
IV sk;il-j not
apply I.o
f.1-r-, con�tnxct.inn
;)nd
rp.ci-ation of tfi-
Parking
Garage and
t:t ufcc
park im
to t?-c coristrok--tecl
on
A)—cp-B puisuMt
to th-Fat
d
certain m-inapcm.--nt acircemcni,. tDct�qccil Dcvrjoper nr t, I
Dcpi7,tm--n- of
L
Off-Stj-,-,c-t I'arkinq dptcd of c-.vcn date h:7rcwith-
Scction 8.5 Titics of ATticIrs tend Srcl-Jons. Any
titIn's of tt--n
several pa), -Ls, ArLicles and Scrtion'; of this Aqrrc,,ncnt are
inserted for
convenience of rcfercryc only and �;I-vall be disregarded in
construing or
interpreting any of 5.1,,-!; pTovisions.
S C r t j- OF) 3.6 CO L) Fit C 7-1) 2 Y t S . Thds Agreement is executed in six (6)
counterparts, ol' t-:hich bmc deemed an original, and such counterpart
shall constitute OVIC a.nd the so -me instrument.
Section 8.7 Successors and Assigns. Except to the
extent limited
elsewhere in thds Lease, all of ttv covenants, conditions and
obligations
contained in tt-ds AgreerTrant shall be binding upon and inure to
the benefit of
the respective successors and assigns of Cit,v Uvj thn- Dcl�'Gloper.
Section 6.6 Records. D,1 ve I oi. er ri,-Jntain C--t its field office
in the City of Miami records to enal)lc the City to monitor Developer's
performance under tfu.s Agr.L-ernent and will permit the City to inspect such
records upon reason -Able notice. 6
IN VIIINESS RDUSE: MIAMI, INC., the sole general partner of
BAYSIDE LIMITED PARTNERSHIP, has caused this Minority Participation Agreement
- 14 -
i
or if such notice is addressed in such other way in respect to any of the
foregoing parti ns as that party may, from time to time, designate in writing,
di.spatcVrd a , pTovi-dcd in thi-s Section 8.3.
' -C'A nn 811 PaT- it-.i f-;;) i aQr i i3( cTficnt� € 1.1i_cYi`s fit` ° ar :"tj_( P.ny o heer
F p
., prov.�s�ora t), t._,, f �; rc;�_nao �. �., _ .: _. �.i, _ r_o 1t� �, - e . .�." f_ l rail
in Article V not nnrily to t h— con trtprti ()n ,nd r-pr-)-nti ors of t:t PaFl, r-a
Carcigc and thy= surf,--rr park- .r)a to he c_onst.jar_#.rd on A-re,--f pr)rsl M-11: to that
certain manapcmcnt 3q..T cmrnt-. bct. frcn Dcvel.ope-r and tt-r Dr;)ar I.m^rat of
Off-St-rcct Parking dated of € ven dal'. horcvri_t:h.
Scction 8, 5 Titles; of EArti.cl.c and �cct:i_ons, Any, t.i.t,l.cs of the
several paT ts, Articles and Sccta.(.)ns of this Aarecmcnt aj c i_nscrt ed for
convenience of Tef€'rcrrcc only anJ shall be disregarded in construing or
interpreting -zny of its, prnvirions.
Ser,t:i_can 8�'c)rsntc°zE_=r.ts. This Agreement is executed in six (6)
counterparts:, c iCc11 or I.hich shill Cc deemed an original, and such counterpart
shall constitute one and thti same instrument.
Section 8.7 Successors and _Assigns. Except to the extent limited
elsewhere in this i-ease, all of thy' covenants, conditions and obligations
contained in this Acarer.-Drynt shall be binding tpon anti inure to the benefit of
the respective succcssar, r;n6 of-- ,-inns of t Ci_ty arr:l thc i?cv loprr.
Section L.<` i r:.or'd, Dev-lC?per shk-ll ro:J.nt,ain nt its field office
in the City of V--'Lar;i records to enable the City to monitor Developer's
performance: under this Agreement and will permit the City to inspect such
records upon reasonable notice. i
IN WITNESS W.H-EREO'= , ROUSE MIAMI, INC., the sole general partner of
BAYSIDE LIMITED PkRlWERSITY, has caused this Minority Participation Agreement
—.f
- 14 -
-a- j
to be signed in its
name by
its Executive Vice President and its corporate
j"
seal to be her-ri.,,nto
a9'ii.xed,
duly attested to by its Assistant, and the CITY
COMMTSSJn-N O== MTA111T.
ciusrd
this Hi.ntcri.ty Part-J.r_i_nat_io f1C)r,`rr;.--nt to be
"+
signed by i-o-:.ard V,
[=.ar;y, the
City Man^po , and duly tit.tcst.cd to b-L Ralph G.
-'
Ongie, the City Clerk, on the
day and year first fxe-reinabove written.
ATTEST:
BAYSIDE LIMITED PARTNERSHIP
[Corporate Seal]
ATTEST:
[Corporate Seal]
APPROVES AS TO FORM AND
CORRECTNESS:
W.
ki
E.
JOSE GA.RCIA-PEOROSA
CITY ATTORNEY
968F/44OF
By: ROUSE MIAMI, INC., general partner
By:
Executive Vice President
THE CITY OF MIAMI, A MUNICIPAL
CORPORATION OF THE STATE OF FLORIDA
By:
Howard V. Gary, City Manager
-15-
V
FIE
PROVISION FOR MAIN LEASE
Developer agrees to use dilicient anod faith efforts to meet the goals
set forth in the Minority PiT.11--icippiJ. on Ag7iccment, Exhibit 1. The parties
agree that Developer's fnibirr to nc-211 U-r: gnals, having made diligent good
faith efforts, 1-.o do so. shall not- 1�2 an 1--.Vr-nt of Dcvo-.I,operlq Default twoor
this Lcasc. thn forcpnincl, 'OLIr-)d to
have failed to ul-In
, , diliacn!- good faith effort_, to nc.rt tl ct forth in
the Hlinorii:v PRTIJ-cination Aarcc-mcn't bNi anArbitrator sc-Irctcri according to
the P:roVJ.SJ.o11S of S'Cc'u- i.on 6.0/t of this Agreement, and 1,L.K.11 fRij-UrC shall
remain uncurcd for a period of sixty (60) days after the date of the
Arbitrator's award Developer sNall be deemed to have committed an Event of
Developer Default under this Lease.
1081F/478A
6
C** , �►-
4%
MINORITY AGREEMENT
ARTICLE IX DISPUTES
If a dispute shall arise between the Ci'.y and the Developer under this aureewent,
includinq but not limited to whe';her or not. the developer has made diligent, good
faith effort, tr, mnet the goal; set forth lie r(,1n, ;Itch di7,pute shall hr resolved
by an Arbitrator selected accrirdirig t.o the provi ;inii,-, (if t( tion Of th(, 1-co,.Q.
Tfthe Arbii.-ator t=1tf 11 d('nr fh.1t. h�`', rill I":d to iI"io, c dl ! iocllt., no(il
1. f f ,... 1. r i:„ ��_ t l'. i-� '-n s 1, For 1.1i l i... 1..{� 1. i (, ( h," .,i d
fai�h er lor�t- r.. t r � al, .�e _,. r: .r�r, t Alr-;,i -r.at �r 11 a�� r
1'ionetary din-�qc to m� Ie (J "' 1 n SIICi1 ��ililU;lt,� rl'; t,ii f r lJl `.1'�l i_C)Y
apl')-opriate, co'lsidorin(i thr n,atllre, (—lici-4 rind wilfillm' oi, 'a'iIur,'
Developer shall hive -A t.hr r�l'l,•lt,'i�:t(�Y�� �.1'ir+'�d ".r 11l,r` 1.11(. ('tfCCtivE`
dat(? Rf t.h(' lafi41(tC tl:<<11'd 1?1 t(, lltl'r �ilC:ll Tll1,I'I"")I- 11011
award the costs of th" arb'irat;(an, itic ln�iin(1 rras,,nal,lr, attntnov fees, anst;
the 1111successful 'I irty to the or"hiI1 r o1,1(:n �1nA4 hi')'11`m-on ';ndl i 1�+: final
and binding r_;pc)<) tl)c parties.
The decis ion of tho i�rbit:r«�tor in a prnccmliny lrreug}it. I_;Ildr�r thi ; i'ravisi()n sha11
not prevent the City fr(.)jtl hr•i;jrlin(j fltrther I�ror;r�edin�is Lsndr�r this, lrrovi,imi arising
front a continuing or different failure by 1)cve10per to Idil i(1ent, (iocid faith
efforts to achieve the goals set forth it', srctirin ?.1 ; provided, howe'ver•, the
Arbitrator shel l not make, nlnr o than one im..,ard I_rnder this provision f'or the
Developer's failure to use. diligent good faith efforts arising from a particular
set of facts.