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HomeMy WebLinkAboutItem #08 - Discussion Item">.. E -c ki.chard L. Fosmoen City Manager W ,":'rY OF MIAM1. rLO PIDA iiJrt"�i?-C:=t=1�:r �Yt��.1��i3ANL�UM Novomber. 12, 1980 \ �,s.e = hinner Key Marina Management Agreement to o �o �, ;• Carlos Cajrcia Acting Director ✓ ,` Finance Department .; _ 0 t {i it is recommended that the City Manager be authorized ,to e:cecute the management a agreement between Biscayne Recreation Development Company and the City of� ` Miami for the management of the Dinner Key marina complex subject to the terms and conditions contained therein. The Waterfront Charter Amendments provide a prohibition upon the leasing of or the making of management contracts for any City waterfront property with private firms or persons, which would not result in a fair return to the City based on two independent apprasials. The City has contracted for and has now received two independent appraisals of the Biscayne Recreation Development Company Management Agreement for the Dinner Key Marina. The M.A.I. Appraisal Firms of Real Estate Research Corporation and F. Robert Quinlivan indicate iiL their appraisal. reports the City is receiving a fair rate of return pursuant to the terms and conditions contained in the management agreement. A copy of the appraisal report from F. Robert Quinlivan which was authorized by the City Conrnission at its September 15, 1980, meeting is attached for your review. �Ill�l1.� A RESOLUTION AUTHORIXING THE CITY MANAGER TO EXECUTE THE ATTACHED AGREEMENT EETWEEN RISCAYNE RECREATION DEVELOPMENT COMPANY AND THE CITY OF MIAMI FOR THE MANAGEMENT OF THE DINNER KEY MARINA COMPLEX SUBJECT TO THE TERMS AND CONDITIONS CONTAINED THEREIN: FURTHER, ACKNOWLEDGING THE RECEIPT OF TWO TNDEPENDENT APPRAISALS INDICATING THE CITY OF MIAMI IS RECEIVING A PAIR RATE OF RETURN PURSUANT TO THE WATERFRONT CHARTER AMENDMENTS UNDER THE TERMS AND CONDITIONS OF SAID MANAGEMENT AGREEMENT, i= WHEREAS, the City Commission at its July 24, 1979, meeting adopted Resolution No. 79-563 which provided a prohibition upon the leasing of or the making of management contracts for any city waterfront property with private firms or persons, which would not result in a fair return to the City based on two independent appraisals; and WHEREAS, the City Commission at its April 10, 1980, meeting adopted Resolution No. 80-273 awarding a contract for professional services to conduct an appraisal of the Management agreement for Dinner Key Marina to Real Estate Research Corporation, M.A.I. appraisal firm; and WHEREAS, the City Commission at its September 15, 1980, meeting adopted Resolution No. 80-646 awarding a contract to M.A.I. appraiser F. Robert Quinlivan , for professional services, to conduct an appraisal of the manage- ment agreement for Dinner Key Marina; and WHEREAS, the City has now received two independent appraisals of the Biscayne Recreation Development Company Management agreement indicating the City of Miami is receiving a fair rate of return under the terms and conditions of said agreement for the Dinner Key Marina; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. That the City Manager is hereby authorized to execute the attached agreement between Biscayne Recreation Development Company and the City of Miami for the management of the Dinner. Key Marina complex subject to the terms and conditions contained therein; Further, acknowledging the receipt of two independent appraisals indicating the City of Miami is receiving a fair rate of return pursuant to the Waterfront Charter Amendments under the terms and conditions of said management agreement. Page i of 2 PASSED AND ADOPTED this , .. _._ __.- day Of _.. .__.._ .__._..—►i0SO. ATTEST: CITY CLERK PREPARED AND APPROVED BY: ASSISTANT CITY .ATTORNEY APPROVED AS TO FORM AND CORRECTNESS: GEORGE F. KNOX, JR., CITY ATTORNEY Page 2 of 2 3 MNAGE IENT AGRtEIIENT TRiS MRnIMIENT made and entered into this day of danuaty, 1919, by and between the City of h;iami, a Municipal ,Corporation of the State of Florida, hereinafter referred to as "'The City" and Biscayne Recreation Development Company, a Florida Corporation, hereinafter referred to as "The Cormpany", W I T N E S S E T H t WHEREAS, The City currently owns and operates the property and facility commonly }mown as the Dinner Key ;farina; and WhEREAS, The City Commission desires to have private initiative and enterprise reconstruct and red!velop the Dinner Key .farina site into a first class operating r„ar ina; and Mi!:REAS, The Cit,, has advertised for Public Proposals for the lease and operation of the Dinner Key :farina; and, WHEREAS, The Company along with several other proposers made public proposals in accordance with the "bidding" documents; and t1!EREAS, The Company offered to renovate and design a- new marina facility with private capital; ancz WHEREAS, The City now desires to finance the reconstruc- tion and development of the marina with monies from revenue bonds in order to keep the interest cost of repayment to a minimum in consideration of lower dockage rates for t-anants and in order not to encumber said premises with a long term possession contract, and tiHE''REAS, The City has rejected all proposals for a long-term lease and operation of Dinner Key marina; and �,FiEFt F,S, The City Commission directed tk.e fanagL!7 to negotiate a short-term management contract: with DisCaync: Recreation Devel.Qpment Company; and T � x x , x s WgtAtA8# The Company is both desirous and capable of COnstruCtion management, and Management & operation of the . facilities at said marina; and P WHEREAS, The City and The Company have negotiated this Agreement; NOW THEREFORE, for and in consideration of the premises and the mutual covenants hereinafter contained to be observed and performed, the parties hereto agree as follows: 1. DESCRIPTION OF PRENIISES The parties hereby agree that an accurate description of the managed premises, hereinafter referred to as "The Facility", "Property" or "Premises", is shown on exhibit "A" attaches: hereto and made a part hereof. 2. TERM Basic Term The Term of this Agreement shall be for a period of.` ten (10) years including the time for permitting and construc- tion. Agreement shall cor,"hence on the day of. , 198 L. �yu:fe.,:ential Right to Renew -l:i= t_Qinpdny shall have a preferential right and option to renew this Agreement upon the same terms and conditions at the of the initial term for a (5) year period provided as follows: The City :hall rate The Company on its operation at least two (2) times per year at six (6) month intervals. The rating shall be based upon the condition of the docks and piles and the maintenance and cleanliness of the grounds and facilities. The ,ompany shall be entitled to its preferen- tial right and c tion to renew if its ratings have been generally satisfuctQry for the initial term this Agreement. The s;:all give The City notice of its intent to exercise this right at least sixty (60) days prior to the expiration of the Agreement. W 2 W , cr Cooperation with Consulting thgineers The Company shall cooperate with such consulting engineers, or other consultants, as inay be designated by engineers under the fond Ordinance, in making an annual inspection of the Marina facilities and reporting their findings as to whether such facilities have been maintained in good repair, working order and condition, and their recommendations as to ' Ai) changes, if any, in the operation, repair and maintenance* of th- `.ir-li.ties during the ensuing fiscal year and an estimate of the cost therefor, and (ii) the amount that should be deposited during the ensuing.fiscal year to the credit of the Renewal and Replacement Fund, and (iii) any revisions of rates, rents, fees and charges. 3. USE The Co-_pany, as the management agent for Thd City, shall be the exclusive agent of The City and shall operate the Facility during the term of this Agreement. For the consideration provided in paragraph four herein, The Company shall the property for a small boat port, marina and recreational facility, offering dockage and other marina .' relat:ec Farvices, for the use of and by the general public. Services shall include but not be limited to the following: a. Dockage and mooring of boats. b. A boat ramp facility, which shall be open to the Dublic and for which no charge shall be made, C. ...)wer and restroom facilities for use by those ns docking and mooring boats. d. Clc ad circuit T.V. security system for the docks, e, Security system for moorings, f. Sailboat, charter boat and co:^.mercial boat rentals.(I) g, Coir ?_rated laundry facilities. h, Ma n:..,ance of landscaping, perimeter walkway and ,l.i: .� ..c t alo o_. iit, tackle and ice. j, of marine hardware, The City re>t;ins -'or itself the right to control s ilboat eo,nc,.ss o;,s ar the p,resert =:)ca an at Droner hey or at 5ucl fug re loeatio:; as p+ro- vided within the dGvc 1 or,Mentplan for Ain,er rev Mar::a, =3• k. Sale of take-out food and beverages including beer. Sale of fuel. fib. Launch services for moored boats. n. toat sales and boat brokerage, provided, howeVe, that a maximum of five percent (5%) of the total number of slips shall be used for such purposes. o. All other related services in accordance with City .i of Miami Zoning Ordinance and subject to the approval of the City Manager, which shall not be unreasonably withheld. The Company further agrees that during each year of the terms of this Agreement and any extensions thereof, pier 5, or any equivalent pier, shall be made available to such party as The City may designate as its contractor for purposes of con- ducting two annual Boat Shows. The fees charged by The Com. pang to such d`s4anated contractor shall be an amount no greater than. the tots --.j-mal daily rental rate then in effect for each'of the slips on said pier multiplied by the number of days of ` actual use. 4. CONSIDEIRATTON A. Notwithstanding any other provisions of this Manace- ment Agreement, The City and The Company covenant and agree that the obligations, duties and responsibilities of each of the par- ties impose' under this Management Agreement shall be subject to the appli "Ale provisions of the ordinance ("Bond Ordinance"), authorizing the .ssuance of the revenue bonds for the Marina Facilities. B. Basic Consideration As consideration for the efficient management, operation and maintenance of the property throughout the period of this Agreement, the pa.- '.es covenant as follows: Upon execut on of this management Agreement, The City shall pay from the gross receipts, as herein defined, its monthly oper- ating ex pe.ises; next, The City shall pay The Company one cent () per foot,*per day, for dock space leased; next, w4" r any excess revenues shall be deposited in a consttuction reserve account Which shall be used to reduce the amount of any ..johds required for reconstruction and expansion of the inariha facility, In the event# not:,•ithstandinr due and diligent effort by the parties# that the Project as contemplated cannot be permitted, or a sufficient amount of The City's revenue bonds cannot be sold within two years of the date of this Agreement at a reasonable interest cost, not e}:ceed�ng the then prevailing revenue bond rate, then any remaining revenue# after expenses and management fees# shall go fifty (50o-) percent to a construction reserve fund for major repairs and renovation and fifty (50-1) percent to The City. The City shall not be obligated or liable to The Company for any such I ailure or inability to obtain construction permits or to sell such revenue bonds. C. -'onsideration :,:ter permitting or Receipt of Bond Proceeds U Upon receipt of all permits necessary for reconstruc- tion and expansion of the marina facility or upon receipt of bond proceeds issued for reconstruction and expansion, r whichever comes first, The Cizy shall first pay from gross - receipts the monthly operating expenses based upon monthly requisitions from The Company. The City shall deposit the balance r the money in the Revenue Fund to the credit of the vax_ous funds and accounts established under the Bond Ordinance. S _d `u::ds and accounts shall provide to The C_ty a sum ecual t) one hundred fifty (150%)percent of the Bond Service requirement for the Marina Facility except for concession improvements, The City shall pay to The Company on a mon hly basis fro., money in the surplus fund a fee of one cent (1i�) per foot, per d. , for dock space leased and ten percent. (10`') of gross evenues produced oy moorings; and at such time as the finger pier doc%age rate exoeeds twelve cents (I M per foot, Per day, The City shall pay to The Company an additional one -tenth of one cent (1/ 0th of 10) per foot, 1.,,cr day, for each one cent (1�) that the finger pier docr;age rate e::cee s twclve ccnts (121. ) cer foot, per a.'. i:ll w5w remaining stoney from gross receipts shall w thit sixty (60 days of the end of each fiscal year be divided equally between The Company and The City, In no event shall the Company's share of the retraining money from gross receipts e:.ceed $100,006 annually. D. befinition of Completion Coripletiwi of the facility shall be defined as acceptance by the City through issuance of a certificate of occupancy. 8, handling of 1evenues The Company agrees that all revenues and other income of the marina facilities, including collections of rates, rents, fees and charg3s and all other income derived or arising from or in connection with the operation, repair, maintenance and management of the Marina Facilities, excluding, however, income from concessions which The Company may operate as hereafter set forth in Subsection "g", will be collected and deposited daily, as far as practicable, in the name of The City, to the credit of the Revenae Fund established under the Bond Ordinance. F. Bond Service on Concession Improvements The Co:.panv shall also pay to The City its monthly bond x servic(: l•e -.irement on any concession improvements for which bond funds may be required or used. In addition, The Company shall pad �o T-he City one half (1/2) of the monthly bond service ­P ;aj.rement for said concession improvements, plus -an additional sum on an annual basis equal to 1%35th (one thirty- fifth) of the cost of construction of such space provided for said concession improvements for depreciation, replacement and repair. Payment of the aforesaid sums shall begin after the completic- of said construction. Finally, The Company shall pay to The --ity three percent (3%) of the price of each gallon of fuel scl at the marina. G. Re-enue- from Concessions '-';e Lompair, shall be entitled to operate any concessions or to enter int.r, -Lrcentage agreements with concessionaires to provide the :'.ices set forth hereafter.' The Comp- y will pay the City the f _lowing considerations arising out of the operation �6_ Of tho concessions listed beloe. t namely: ten *percent (10%) of The Company's gross revenues earned from concessions contracted to third party concessionaires; or ten percent (101) of The fompany's net profit, but not less than five percent (S°) of The Company's gross revenues earned from all concessions operated by The Company at binner Key Marina. The services referied to herein are: (1) Security systems for moorings (2) Coin -operated laundry facilities (3) Sail of bait# tackle and ice Sale of marine hardware (5) Sale for consumption, off the premises, of food and beverages, including beer, but not other alcoholic beverages (6) Sale of fuel; hog -,ever, The Company shall pay The City three percent c` the price of each gallon of Pule pu med. (i) Boat maintenance and repair (8' Boat brokerage services providing that any,boat for sale shall pay the full price for moorings: and for wet slip storage. Brokerage slips shall �oe limited to five percent (50) of the total new lineal footage available for lease after coristruc- tion exceeds the lineal footage currently available %.dtner services subject to the City :tanager's approval In the event The Company chooses not to provide any of the abov: ,arvices, The City may negotiate a direct concession for thesE .ervices. :3 . .. ni ti ons operat-_ng c::penses shall be defined as salaries paid to the dockmaster., assistant dockmaster, dock workers, b00%%eeper, rece�tiorist, ecretaries, typistE and other employees provi.di.ng ci .:,t services to tenants; social security and other emplo•., bone -fits; legal expenses; -auditing; office C _aneous supplies and eguipment; utilities and waste •r!;no, F..; insurance; ordinary maintenance and �7 repa-r,, and advertising and promotion. (Further, annual operating expenses shall include a depreciation reserve and replacement amount equal to one -thirty-fifth (1/3Sth) of the total amount of the bond issue used, excluding concession space. Such funds shall be deposited# on a monthly basis, with The City and shall be available for extraordinary repairs and replacement expenses that will extend the life of the facility. ordinary repairs necessary for proper maintenance and operation of the facility shall be the responsibility of. The Company through its annual operating budget.) The term "gross sales" as used herein shall be considered svnony.nous and interchangeable with the term "gross receipts" and s'iall include all income collected by The Company from the operation and management of the facility. t Bond service requirement as used in this Agreement shall mean the amount in any fiscal year which would be necessary' for The City to pay the sum of the amount to be deposited in the interest account and the amount to be deposited in the - principal account on its revenue bonds if all bonds were amoritzed in equal installments over a period of not less than twer -five (25) years. Monthly bond service requirement is one-_aelfth (1/12th) of the bond service requirement. 5. MANU .;ENT SERVICES a. :he Company shall deliver on or before the fifteenth (15th) day of each month, beginning with the second month of this Agreement and continuing each and every month thereafter during the effective period hereof, at the office of the L,.4rtmont of Finance of The City,'or at such other place as ;ay be designated hereafter by The Cite the af.orementiored monthly -paynents. .long with Said EF15 payment, The Company shall provide an operating statement in Certificate form signed by a duly authorized officer of The Company setting forth in such detail as the Director of Finance of The City may prescribe, the amounts of dross sales. b. Charges and Handlitc of Money The Co�^pany shall i `'er, make and keep thd" ',arina Facilities ava'Aable for use by the general public and shall charge and collect the rates, rents, fees and charges for the services rendered by or for the use of such facilities in conformity with the schedule thereof as prescribed or authorized by The City. The Company shall supervise and control the hand- ling of all rioney received in the operation of the Marina Facilities and shall establish an adequate system of internal controls, satisfactory to the City Manager, covering the receipt and expendi-bare of money and the maintenance and operation of mari:a f4%=3ities and shall prepare all appropriate operating and financial reports and statements necessary or appropriate un:.._­r t:.r:. eianagement Agreement. C. Certain Rights, Duties and Respons'_bilities of The ;:cxnpaay The Company and The City agree that The Company shall operate, •.;aintain, repair and manage the marina facilities for The City as an independent contractor in accordance with this Marag,:mac.._ ygreement and subject to such rules and regulations and sched:. as of rates, rents, fees and charges, including any revisions :eof, from time to time in effect, as prescribed or authorized by The City. The Company shall operate, maintain, repair and maraca the marina facilities, and shall maintain such facilities in neat and orderly fashion consistent with such high standar- end shall render first class, high duality, courteous se,,, �e to the general public. The Company is empowered to T;,anac,4 +,: i•ina facilities and is hereby authorised to exercise .ugemant power as it deems reasonably necessary for the -9- dtdetly, safe# sanitary} and secure use of such facilities in accotdance with applicable laws., rerulatiohs+ otdinances and rules of the City. e Current Expenses The current expenses incurred in the operation, repair, maintenance and management of the marina facilities shall be paid out of the Revenue Fund in conformity with the budget in effect at the time and the Bond Ordinance. "?:- ewal and Replacement Fund Expenditures Expenditures of money in the Renewal and Replace - meet Fund shall be made by The Company in conformity with the Bond Ordinance and the budget. Current expenses and expenditures of money in the Renewal and Replacement Fund shall not exceed the reasonable and necessary amount therefor; provided that in the event of any emergency The Company may make urgent expenditures not within the purview of the budget with the approval of the City Manager or his designee. f . Company as :,fanaaer This b:r-nagement Agreement establishes The Company as the manager and operator of the subject f4c-ility, and any ith The Company shall have the right to rely fully on its poujr and authority to bind the facility with regard to the use and occupancy thereof, excepting however, The Company shall not have the authority to encumber real or personal property except as provided in this Agreement. The parties hereto intend that The Company shall be an independent contractor, and the employees and agents of The Company shall attain no rights or benefits under the Civil Service or Pension Ordinances of The City, nor the rights generally afforded class- ified or unclassified employees of The City, nor shall The Company or its e- :)loyees be entitled to Florida Wor%men's Compensation benefits as employees of The City, 0 Wip- The Company shall have the sole control of the manner and means o` perfotminq this Agrec-mcnt subject to The Company comply- ihq with the terms of this Agreement. The Company shall have the full power and authority to take all actions to brine about an efficient operation of the marina and to rnaintain it as a first class marina, except for actions specifically prohibited in this Agreement. The Company shall have the exclusive authority to hire and discharge all of its cimplo,ces necessary for the operation of a marina facility and to fix; their compensation and privileges. �. ��.fcssional and Technical Services The Company mtay employ technicians and consultants to provide such legal, accounting and other professional or techni- cal services as The Company deers advisable for the proper main- tenance and operation of the Marina Facilities, subject to the budget for the then current fiscal year. h. Additional R`sponsibilities :sideration provided in Paragraph 4, The Co::,panl shall, as a minim im : . (1) Provide The City with an estimate of required operat- in e::tienses for the forthcoming fiscal year subject, to approval by the City ?tanager, which approval shali not h.? unreasonably withheld. books and records in sufficient detail -to meet acceptable accounting practices. Said books and -re- .ord.; shall be accessible to The City at reasonable times. (3) Be rt.3ponsible for hiring, and discharging all employees rela .d to the operation and normal maintenance of the facility. (4 ) Provide normal and routine maintenance of the facility in ordc to insure that the property remains in gocd s:.te of repair, free from ha-zardous conditicns and deterioration, (5) Be responsible for the administration of all Leases of the marina facilities, including, but not limited to the collection of all sums due from Tenants arc t:e general public for the rental and use of facili- ties, including, but not limited'to slip rentals, mooring fees, dockage fees and fees of any nature for use by said public of the subject premises. The Company is authorized and empowered and is granted the responsibilitty to pursue all appropri- ate legal action as is necessary to collect unpaid -obligations and enforce all Landlord's rights, in= cludiig the pursuance of all legal remedies avail- able for such purposes subject to the provisions of the City Charter. The City agrees that the responsibility of The Company herein provided shall be pursued in the name and on behalf of The City. (6) The Company shall furnish an adequate fidelity bond in the amount of not less than Fifty Thousand Dol- lars ($50,000) requiring The Compan% to quarterly account for revenues it receives on behalf of The City in accordance with the provisions of this Agree- _ (7) "he Company shall be responsible for the complete- -erp.tion of the Dinner Key Marina Complex as de- .d legally described herein. (8) -he Company will institute manage.-ent systems, secur- ity systems, training and staffing programs , promo- t'onal and advertising programs and financial con- : of systems that will provide a secure financial c,._ .ticn and achieve the objectives of the City for t7._: Dinner Key P:arra. (9) The Company will act as manager for the redevelopment and reconstruction of the Dinner hey Farina facility at present location so that -the marina will be a pu.? waterfront recreation facility at the present si 3, r.is reconstruction will be financed by The ty tz.ough Revenue Donds, The construction and .ova ion will comply all government-_ rules ar regvlations, (10) During the term hereof, The Company Will maintain _ and operate the premises and all improvements thereon, in good condition and repair consistent with the operation of a first class marina. (11) The Company shall be responsible for all Claims, suits, actions and damages that may arise as a re- sult of the negligence of The Company's operation of this facility. (1 �1 Cninna ,v Will not allow any signs or advertising material to be placed on the exterior of any structure in the facility. (13) Except for dockage and mooring, The Company will not subcontract any portion of the marina oz erat on without the prior consent of the City ..anager which shall not be unreasonably withheld. , (14) The Company will abide by and enforce all rules and recalations now in effect or established by The t from time to time. Any rule or regulation es- �.Zo1 s. by The Company shall require approval of the City M.anac;er which shall not be unreasonably with- held. (15) The Cor,-Dany will make every effort to enforce the re- moval of all vessels from the facility upon issuance of Hurricane Warnings by the National Hurricane Center. (16) �- z! Company shall enforce the rules and regulations i j Dockage Agreement as follows: (a Only vessels in good condition with their own power will be permitted in the berthing area. (b) Rcrths will be assigned by the dockmastcr or his zresentative and no chances will be made kith- oL -mission. (c _ .:, Company will be responsible for kc-a!ping the rieMs 21 ar of all vehicles, small boats, supplies stc -age of any items except those that cal be -13- stored in the locker that maybe supplied with the berth. (d) The Company will limit the number of vessels that can use each berth to one, except that one small boat may also be berthed, provided it is within the limits of the berth, and does not pro- ject beyond the pilingsi (e) The Company will limit the repair work that may '-- ?one at the docks as defined in the City of Miami Agreement. (f) The Company will enforce the rules that pro- hibit the use of charcoal burners, open flame torches and any other open flame producing equipment. (g) The Company shall enforce the present rules on the use of T.V. sets, musical instruments, hailers, .-.dios and other on board equipment that may create a: nuisance. t (h) The Company stall enforce the rule prohibiting the throwing overboard of any objects, such as gar- bage, trash, human waste, and shall enforce the pro- visions prohibiting swimming, diving or fishing from oin_s. (17) The Company contemplates the installation of radio juipment within the Dockmasters,Quarters to provide boate-s with ship -to -shore communication. In addi- tion, The Company will install closed circuit T.V. scan:ing to provide better security at the docks and their environs. (18) The Company will initiate a newsletter, either monthly or bit•:e_:kly, to keep the Dinner :%ey boaters abreast of actJ sties, events, and general information con- cerninl� the area. (19) The Company will encourage programs emanating from Dinner Key such as regattas, tours, and entertainment, _14- i (20) The Company will endeavor to establish a relation- ship with other marinas in the area with the in- tent of providing better service for all of the boating public. (2 1 The Company will endeavor to promote exchange of boat uses between the tenants of Dinner Key iiarina and marina tenants in other parts of the country and the world. (22) The City or The Company may, from time to time, request changes in the scope of services to be pe: formed hereunder. Such changes which are mutually agreed upon between The City and The Comipany must be incorporated in written amendments to this Agreement following approval thereof by the City Cor;miissian. (Additional services to be provided by The Company arg in- cluded in other portions of this Agreement.) r go 6. CONSTAUCTIO1 Or =1 VACILITI$S The parties hereto agree that The City and The Comr)any shall Use their best efforts to expand Dinner Key :farina to pro - ..vide fcr approximately 550 slims, 200 moorings and sutport facilities for the marina, including, but not limited to dock= master's offices, laundry services and restrooms, storage space for maintenance equipment, mail areas, aait & tackle, carry -out food facilities, sail boat rental areas, transient facilities and com-nercial boat facilities and such other facilities as The City deems appropriate. The parties agree to orovide the maximum number of slips consistent with the raintenance of a sound environment and sub- ject to appro-al of all regulatory agencies. It is a_::icitiated that The City shall issue revenue bonds-, of approximately $4,500,000 to provide financing for the marina imoro•.e:;c:::_ ana exoansion. The parties hereto mutually agree that The C:r7.T-�anv shall select and pay from its oc;n resources the cesign and engineering team to perform the•permitting and preliminar% engineering. Said team shall be selected subject to the approval of The City A:anager, which approval shall not be unreascnably withheld. The C,. -any agrees to nay a maximum of $100,000 for pre- liminary en-- neerinq and permitting of the marina. Preliminary engineering .* .11 r.ot include working drawings and permitting shall not ine -ude the cost of City of Mia ni permits. �'tttor- ney's fcec; ergsn -ering and consultants fees and all other costs and ::pin:_s shall be included in the permitting process. W1i6- The Florida Consultant's CDmpetitive tlegotiations Act (F.S. See. 287.055) shall apply to the engagement of all con- sultants who are the subject of said Statute who are compen- Sated by City funds (as distinguished from those engaged and combensazed by Company). The Company shall participate in the competititve selection process by having a designated representative appointed to the selection committee. During the preparation of engineering plans and specifi- cations, The Company c:+ill deter-Ane the appropriate layout, support systems, ancillary uses and design and construction criteria, subject to approval by The City Manager. The City shall issue all construction contracts for the facility. The Company shall provide on -site oversight and management or the project and shall notify The Cite of any problems that arise during construction that will affect the operation, management and maintenance of the -marina. The parties acree that the completed design plans and 0 specifications shall become the property of The City. 7. CUSTODIe:L SERVICE Tne Company s.iall furnish all maintenance supplies for housekoc:ping and shall provide all custodial and janitorial. services recuirec' to maintain the property in a -'clean, sanitary and presentable k ndition. 8. CITY' S RIGHT TO PROPERTY The Company shall make available for inspection by City Manager or his designee all areas of the property under its control, at any time for any purpose the City Manager deems necessary or incidental to or connected with the performance of The City's duties and obligations hereunder. 9. DOCKAGE RATES The Co:npany shall recommend dockage rates and rates for the use of other facilities and services to the City Manager. The fol.lowin costs, expenses and economic factors shall be considered and included in getting dockage rates, namely; Bond debt servi•_,G recuireMents of one hun4red fifty percent (150%) coverage �17- charges, operating e:nenses, management fees and other costs, all as set forth in paracrLaph 4 of this Agteemcnt, Ooci:age Yates shall be generally consistent with those charged at other ir.:inas of coMparable duality situated on public lands in the Oade County area, In addition to the dockage rate, The Company shall be permitted to require vessel owners to pay for utility -service which is separately metered. A"-Luo aiiu regulations The Company shall reconumend to the City :.tanager any rules and regulations it deems advisable for the operation, use, repair, maintenance and mmanagement of the narina facilities. The City and The Company agrees that such rules and regulations shall be prescribed and enforced to provide marina services to the general public of the highest quality, with due ohservance of amenities and astute standards corm-;ensurate with the appear- ' ance and maintenance standards of the surrounding area. The Company covenants that it will observe and enforce said rules and r.: - - : _ . 8 10. CONFOR.,ITY TO THE LAVI �h- .. covenants to comply with all laws, ordinances, reg4_-, --..- -der of Federal, State, County and municipal authorities pertaining to the property and operation thereon. The Company further covenants and agrees that there will be no discrimination as to race, color, creed, sex or national origin in the use of the property or in the employment of its personnel. Protection of Tax Exemption: The City and The Company covenant and agree that, notwith- standing any other provisions hereof, the marina facilities shall be operated and maintained hereunder at all titres as public facilities )wned by The City and serving t.e general public and sh:FJ t a available on a regular basis for general public use, and that in the operation, and maintenan('Q of tape Wlgs Marina facilities nothing shall be done by either The City or Company to jeonardige the exemption from Federal income tax of the interest on the bonds (ecclusiVe of bonds held by a sub- stantial User of the marina facilities or a related oersonj as defined in the Federal income tart regulation) . Any provi- sion in this Management Agreement which jeopardi4-es such tax exemption shall be deemed null and void, ll . P'AYi 1Eti T Or UTILITIES The Company shall nay for all utilities consumed on the premises and haste collection fees, if any, as an operating expense except as provided in paragraph 9 Hereof. 12. I ATER TA}:I A;ID TRP._M STATIO vS In the event The City decides to provide or grant a franchise to provide a Tram or People-I,1over system for the Dinner Key Park area, the parties agree to establish a station and roadway for access for said system on the property, so long as the same does not unreasonably interfere with the operation of The tinder this Agreement. Anv costs in adjusting the site use to accom.Todate said system shall be borne by The City or its zrj.. ,'iisoe, as the case may be. the event The City decides to provide or grant .a franchise nor 1%ater-Born Transportation to and•'fro:n the Dinner Kev area c. oti:er locations in The City, the parties agree that such free c.abarking and disembarking facilities for said Water - Born Transportation will be provided. Any costs in adjusting the site u.- to accommodate said system shall be borne by The Citv or its Franchisee, as the case may be. LPL ion of said facilities as described aaove shall be mutually afire d upDn. 12. '1MTC&.' E A" A Ei ERGENCY :.�C: shall, during any emergency such as hurri- cane, flooa, : . or any type of disaster, cooperate: �,,ith The Company for t: -_curity of the premises. - The City shall use its best an emergency to safeguard the said premises, =19- 14. i*IVENTORY A'.1 fixtures, furnishings, futniture, and equipment, if any, its or upon the facility and -their condition will be in- Ventoried before occupancy by The Company►, The Company will maintain f iXtutes, futtliShillgS, fui°niture and equipment, if any, in good and operable condition during the term of this Agreement at its own cost and a tense, except for those fix= ,hires, etc. attached to docks and building to be demolished, and said property shall be deemed in its sole custod and care. In the event that anv of the aforementioned items are lost, stolen or damaged, they shall be replaced or repaired at the cost and expense of The Company, ordinary wear and tear excepted, during the term of this Agreement. 15. 01-J1\ERS-HIP OF IMPROVE TENTS All improvements, fixtures and equipment constructed or installed at the facility or purchased with City funds shall be owns.:, b.• .he City. The Company shall have title to all 'per- sonal property purchased with Company funds which were not in- cluded in the annual operating budget. Upon expiration or termini of this Agree-ent, title to the property, all perm- anent improvements, fixtures and equipment purchased with The City f•,:...7� Lh,ii1 Le peacefully surrendered and•'delivered to The City. co all Company equipment shall remain vested with The Company and The Company shall have the right to remove the same fror ie premises. 16. DAMAGE DR LOSS TO CompAI,�IY'S PROPERTY The Comoan• assumes all risk of damage or loss to its property for an,. cause whatsoever, which shall include, but not be limited to, any damage or loss that may occur to mer- chandise, goods, equipment or other property► covered under this Agreement, if lost damaged or destroyed by fire, theft, rain., water, or leaking 3f any pipes or waste water in or about the Property or from hurricane or from any act -of' God, or any act. of neyl�gZ ,ce of any Laser of the facilities or any persons whomsoever, c l ws'STPuc'rIOtI In the event the premises shall be destroyed or so damaged br injured by fire, hurricane o+•'any other casualty during the life of this Agre^.,;ent whereby the property shall be rendered . incapable of use for its it tended purpose, the parties agree to use the insurance proceeds to rebuild the facility. interest on insurance proceeds shall be used to pay the bond service require- ,ment to the extent possible. 18. INDE&741 VI Ot� The Company covenants and agrees that it shall indemnify and save harmless The City from and against any and all claims, suits, actions, damages or other causes of action arising dur- ing the term of this Agreement for any personal injury, loss of life or damage to property sustained in or about the property, by reason of, or as a result of The Co.-apany's management thereof, and from and against any orders, judgments or decre`s, which may be entered thereon, and from and against all costs, attorney's fees, and liabilities incurred in and about the defense of anv such claim and the investigation thereof; provided, how- ever, trat :_e.:ore The Company shall become liable for said cost, The Comoanv shall be given notice in writing that the same are about to oe incurred and shall have the option -itself to make the necessary investigations and employ counsel of The Company's own selecti,n for the necessary defense of any claim. The City may, at its option, retain its own counsel at its sole cost and expense in U tion to the provisions as hereinabove set forth. 19. I... 'ER:'ISING The Co .y ac,rees to undertake an aggressive advertising program to inrarm public of the availability and services of the mar-ina, :.nd Th. City agrees to use its best efforts, through its Publicity: 7e: and other Departments, to assist The Company in prc:.. -:i.l the public use and enhancement of ;ahe marina. Furth. rho Company sham undertake, with the City Parks a::4 ;<ecr. at Department, to erect appropriate signs de - ,signed to of t z. -s• direct the public to the marina and its services, �F ', T'te Company agrees to wort: With area merchants and busi- tresses to develop an integrated program of au;iliary services, such as hotel accommodations, car rentals, restaurant and laundry services, for marina users. 20. DEFAULT If The Company shall neglect or fail to perform or ob= serve any of the terms, provisions, conditions and covenants herein contained, for a period of thirty (30) days after re- , ceipt by The Company of notice of such neglect or failure, or if more than thirty (30) days shall be required because of the nature of such default, if The Company shall fail within thirty (30) days period to commence and thereafter proceed diligently to cure such default, or if The Company small be declared bank- rupt according to law, then and in any of the aforementioned events, The City lac.,fully and immediately or at any time thereafter, %ithout demand and/or notice, enter into and upon the faci. i .., > or an part thereof and expel The Company and term inate this Agreement. t 21. NOTICES - Notices from The City to The Company shall be deemed duly t served if :nailed by registered or certified mail, postage pre- paid to The Company at 444 Brickell Avenue, Suite 1000, Miami, Florida 33131, attention: Murray H. Dubbin, General Counsel,. and Notices `rom The Company to The City shall be deemed duly served if :ailed by registered or certified mail, postage pre- paid to the City Manager, City of Miami, P. 0. Boa: 330708, Miami, Florida .3133; or to such other respective persons or addresses as the parties may hereinafter designate to each other, by notice given in the foregoing manner, from time to time. 22. TIM.E IS OF THE ESSENCE Time for tht. )ccurrence or performance of each and every event herci:► shalt be of the essence unless otherwise indicated. 23. TP XES The parties agree that the management and operation of the Dinner Kzy".mina facility and those operations tort*epic^t or necessary therefor, are public purposes and, trzrefore, no �22a Ad valorem taxes should be assessed by the Dade County Tax Appraiser. lf, however, taxes are assessed by said property appraiser, the parties agree: A. Assessment upon or against concession properties, fn the event that the property tax appraiser assesses taxes upon or against such portion or Portions of the lands subject to this Management Agreement as are in the control of concession - wires, or upon which concessionaires are situated, in the per- formance of any concession agreement hereunder, the parties agree that at the request of and at the exne.nse of any such con- cessionaires, the parties may defend against such assessment on behalf of such concessionaires. The extent of such defense by the parties shall be as reasonably requested by such conccsson- Aires, _-)rovided further, however, that at all times the parties have first determined ti:at the said concessionaires requesting such "-`ens or requesting the joinder in such defense, will fully an" _:ompletely pay the costs and expenses of such defense as may be incurred by the parties or either of them including court costs and reasonable attorrevs' fees incurred` by the par- ties or either of them in such defense, and provided, further, that the said concessionaires requesting such a contest of assess- ment fully and completely inde::lnify and save the parties jointly and separately harmless from any and all claims, charges or in- debtedness suLting from the conduct of such de_`ense and con- test in the event the same is not successful. All concession agreements ente:.:d into between The Company and its concE�ssion- aires shall thr:ugh appropriate language incorporate the terms and conditions c- this covenant. B. hssessments against the marina property. In the event taxes are assessed against the property upon tri:ic:: uochs, piers, moorings and an,: c per properties devoted to marina use and upon which the ma: ina is locatecl. as well as properties uoo which the marina administrative facilities are located, as Well as all improvements thereto, are assessed by the property tax appraiser, the parties hereby agree as follows; 1. th rDr ties agree --o c;,a .era: * _`l#," �;+t: - --.# r dthe.t to Contest and d eLend against said assessment, Said con- test and defense shall, at the option of the parties cr either of theme be conducted at the administrative level, i.e. before the tax appraiser# the tax appraisal adjustment board or any successci: organization, and before the courts, to such extent and to such level as The Company or The City shall determine. 2. The coats and expenses including reasonable at- ,torneys' fees which are incurred by the parties as well as such tastes which have accrued and been paid during the course of the litigation contesting said taxes, shall be included in the oper- ating budget as operating expenses and become a part of those economic elements going to the makeup of the dockage rates, as more fully referred to in paragraph 9 of this Agreement. 3. If final adjudicatory action, i.e. the final order of the highest tribunal before which the property assess- ment issue has been submitted for determination, administrative or judicial, results in a determination that such assessment is lawful and that the taxes are due and such determination is based upon reasons other than the existence of this Management Agreemc--,1t, -,�nen it is agreed that all real property taxes, county, school board and municipal shall be included in and made a part of the epe.L uLing budget as operating expenses Vnich shall be incluaea ana mac: a part of the total expenses used to determine dockage rates as set forth in paragraph 9. 4. In the event the final adjudicatory action de- clares the assessment lawful and the taxes to be due and payable, solely due to the existence of this Management Agreement, then it is agreed tha,: the amount of said taxes shall be made a part of the operating budget and shall be deemed operating expenses included in the of the dockage rates as set forth in par- agraph 9, unless the effect of such inclusion causes dockage rates to ceeu t':-, average rates charged for dockage and Moor- ings at other mar as situated on public lard located in the Coconut G4.Qvo c44e" In such latter event, The Company may pay any amount of tag: which causes such excess of the average rate €rQ,n its profit$, If ,,be Company fails to pay such pxcess, then 11 s 0- , The City shall terminate this t;anagement Agreement and reim- burse The Company for expenses incurred in acdordanco :•rith Paragraph 6 - CONS TRUCT1GN OV tiL?-; FACILITIES, 5. The cconormic effect of such property taxes shall be computed annually and made a part of each semi-annual oper- ating budget with such adjustments as may be-oquircd to con- form to the terms of This Agreement, 29. =1St71TS i- RENT STRIKES If and in the event a la%..suit is brought by any party against Tne Company and/or The City, which in substance arises solely due to the signing of this Agreement, then the parties agree to mutually defend said lawsuit. If said lawsuit results in a temporary delay of the projects, this Agreement shall be extended by the amount of time caused by the delay. If and in the event that there is a tenant striae or a similar strike or refusal to Nay re:,t or lu%..suit u.- any type or nature in whi:h rental payments are placed in any escree.: account or in any co;: rt fu. d, The Company shall be relieved of its obli- gation to pay to The City any amount in excess of the monthly. bon.: __ airemcnt until such rent strike or suit is settled an;. all sums are released to and/or obtained by The Com- panY. p_ ,v_sion shall not permit a redudtion in the amount Of 1L�lun required to be paid, but only a temporary de- lay of the required payment. 25. INSURANCE The tpany shall not commence %•.ork on this Ranaae:inert Agreenent i s .il it has obtained all insurance required u;:der this section and h insurance has been approved by The City. The Cor_)any shall at all times, during the term o:: this Agreement-, mains 'n in full force and effect the folio%-.inc; do - scribed in!'aran, covering the property and the operation thereon: (a) P, ;' - liability insurance of riot less than $ , o00, 000 per occurrenck _r death or badily injurY and not less than 1,CO3,�0".- rence for property damage. (b) , e 4 casualty coverage of not less than ninety (90 0 of t,1. ce^.; :t %,clue of all existing and fjT;u e it tirat•e� meets. _25- i Slid insurance shall name The City as an additional in& sured ::nd shall provide that The City shall be given at least thirty (30) days' advance written -notice of cancellation of said policy or any material modifications thereof. Certificates of insurance shall be filed with the pro p erty and insurance manager of the City of Miami. The insurance provided for herein shall be written by a ,company authorized to do business in the State of Florida through an agent authorized to do business in the State of Florida and must be rated at least A as to Management and Class 10 as to Financial according to A.Mi Best Key Rating Guide, latest edition. The Company shall further carry any other insurance rea- sonably required in connection with the proposed operation. 26. FLINDG The C-ty shall be solely responsible for funding the im- proveme:. s __scribed herein. The City agrees to provide funds from revenue bonds in a sufficient amount not to exceed Five Million Dollars ($5,000,000). 27. CO:FLICT OF INTEREST No stockholders, directors or employees of The Company. a shall have anv interest in any business which supplies The Com- pany with goods or services without advice to and consent of the City Manage- _ It is understood and agreed that The Company's attorneys Dubbin, Schiff, Berkman S Dubbing are also stockhold- ers of The Compz�•.y and that they may, in addition to receiving any profits or cividends declared, be compensated at their reg- ular rates as a:. operating expense in connection with any of The Company's needs or rights and obligations arising out of or in connection with tie urovisions of this Agreement. 28. ATmOR?•;: � �' TEES AND COSTS In t'..e :vc: that it is deemed necessary for either party to file a lawsuit in the appropriate court -of law in order to enforce any of the terms and provisions of this Agreement, then the prevailing party shall be entitled to reasonable attorne\rs4 _fees and costs. rrp� i 1 „•x 29, CAPTIONS The captions Contained in this Agreement are inserted only as a flatter of convenience and For reference and in to Walt dc.ine, limit or prescribe the scope of this Agreement or the intent of any provision hereof: 30. T:EVISIONS DUE TO BOND ORDINANCE The parties agree that this Agreement shall be revised to the e::tent necessary, in the opinion of undero:riters for The City, of its revenue bonds, to reflect provisions in the Bond Ordinance as may be necessary or desirable to make the revenue bonds marketable. In no event shall the pravisions respecting the amount of the management fee payable to The Company be changed. i 31. ENTIRE AGREE . N7P This Agreement contains the entire understanding of the parties hereto concerning the subject matter hereof and no modification, release, discharge or e:aiver of any of the pro- vi��,..., :hall be of any force and effect unless in writing and signed by both parties. t i. - ' 32. RF' RESENT?iTION BY CITY ' I'. City wai ants and represents that it has full powe_ and authority to enter into this Agreement under the Constitution r• and laws of the State of Florida and Ordinances and Resolu- tions of Dade County and City of Miami, and that all condi- tions and things required by the Constitution and laws of the State of Florida, Dade County and the City of Miami to happen, exist and be performed precedent, to the signing of V w this Management Agreement have happened, exist and have been -1 performed as so required. •i _ -27T /` 0- This tiianagen:ent Agreement may not be assigned by she Co: pang Without prior approval of the City t-tanager. At:s+ assignment, transfer or convoyance of stock: to parties w,ho are not stockholders as of the date of this Agreement shall be deemed an assigntr,ent requiring the City Manager's prior approval. An assignment subject to the restriction contained herein shall not include an assignment to the personal representative of a decease stock= holder or to said stockholder's estate or heir. Provided, however, that a subsequent transfer, assignment or conveyance from the stockholder's estate or heir to a third party who is not a stock- holder as of the date of this Agreement shall require such approval. Also excluded from the operation of the restrictions of this clause shall be assignments, transfers or conveyances between and amongst persons u ho are stockholders as of the date of this Agreement or members of their i:.s:ediate familv. IN 1-.'1 Nr-3S t•;HER%OF , the parties have hereunto caused 'these presents to bF executed this day of , 19 TTr + l..a . . Ralph On Cir- Clerk �' ! .7 L i Robert :1. T dgctt, Secreta--v THE CITY OF A1IcviI Joseph Grassie, City I:anager BISCAYNE RECREATION DEVELOPMENT CO2M.Pr.NY r� L /e,, Paul-S. :balker, President APPROVED hS TO FOR:I AND CORRECTNESS: GEORGE F. JR, CiTY Ii'I'+�sR*:"Y • C _ :Y OF P,y . r