HomeMy WebLinkAbout1. Bayfront TrustBayfront Trust
Acosta, Vanessa
From: Schmand,Timothy
Sent: Monday, April 14.2O143:O9PK8
To: Acosta, Vanessa
Subject: RE: Morning
Attachments: Geptember13. 2012. B -Ultra Music Festival |nnpants.pdf Ultra 2U14SurohorgaA
Sheet1 pdtU|tns2O14'Fina|Sott|emenLx|ox
Hello, Vanessa,
As we discussed:
Attached please find:
* 2O12economicimpact,
0 Tickets sold
0 Ultra Settlement sheet
Highest hotel room ra-tes during Art Basel and Ultra 2013, as provided by the GIVICVB.
Art Basel:
Ultra:
December 5,2O13: $278.84
March 23,2013: $318]8
Let meknow ifyou have questions,
Tim
From: Acosta, Vanessa
Sent: Monday April 14,30142:49 PM
To:SohmandJlmothy
Subject: RE: Morning
Do you have a moment?
Vanessa Acosta, Een
1(( SXV2uJAvr
Miami, lL83|3O
Fromm:Schmand
Sent: Monday, April 14, 2014 11:12AM
To: Acosta, Vanessa
Subject: RE: Morning
Hello, Vanessa.
1
Please see attached.
Thanks,
Tim
From: Acosta, Vanessa
Sent: Monday, April 14, 2014 11:09 AM
To: Schmand,Timothy
Subject: Morning
Good morning sir,
Is there any way you could send me a copy of the Ultra Contract and any information you may have I am trying to
compile everything as requested for the agenda package to be ready for commission.
Vanessa I Acosta, Esq
:111. SW 2nd Ave
Miami, FL 33130
(30) 416-11 6
2
BaafrunL Park
NULNAGEMITTIMUEI
EVENT SETTLEMENT
Ultra 2014
Event Entertainment Group, Inc.
Estimate
Final
Difference
Rental Fee
$ 119,502.00
$ 119,502.00
$0.00
Load In/Load Out
$ 150,000.00
$ 150,000.00
$0.00
Parking Space Rental
$ 16,500.00
$ 16,500.00
$0.00
Surcharge
$ 300,000.00
$ 295,980.00
($4,020.00)
Clean-up Services (During & After)
$ 171,055.61
$ 171,055.61
$0.00
Additional VIP Cleaning
$ 5,277.36
$ 4,877.56
($399.80)
Solid Waste - Trash Hauling
$ 25,000.00
$ 19,885.39
($5,114.61)
Garbage Cans - Barrels
$ 6,107.51
$ 6,107.51
$0.00
Electrician
$ 6,000.00
$ 5,037.00
($963.00)
Police
$ 619,207.50
$ 609,390.00
($9,817.50)
Fire
$ 310,014.18
$ 318,617.98
$8,603.80
Box Office Manager
$ 2,500.00
$ 2,957.50
$457.50
Beer/Alcohol Location Fees
$ 4,000.00
$ 8,400.00
$4,400.00
Food and Soda Location Fees
$ 4,500.00
$ 4,500.00
$0.00
Arts/Merch/Sponsor Location Fees
$ 1,875.00
$ 1,875.00
$0.00
Drums - Disposal Containers
$ 500.00
$ 500.00
$0.00
Amphitheater Electricity
$ 2,607.84
$ 2,607.84
$0.00
Light Pole, Bench, Trash Remov/Reinst.
$ 27,275.00
$ 27,275.00
$0.00
Bougainvillea and Chain Link Removal
$ 5,000.00
$ 5,000.00
$0.00
Additional Load -Out Cleaning
$ -
$ 5,117.44
$5,117.44
Security Staff - Load Out
$ -
$ 3,887.00
$3,887.00
Cleaning Supplies
$ -
$ 167.69
$167.69
Railing Removal
$ -
$ 2,150.00
$2,150.00
Rat Bait Stations
$ -
$ 750.00
$750.00
Coconut / Trees Trimming
$ -
$ 3,175.00
$3,175.00
Park Damages
$ -
$ 17,428.00
$17,428.00
Taxes
$ 37,561.47
$ 39,498.63
$1,937.16
BALANCE DUE
$ 1,814,483.47
$ 1,842,242.15
$27,758.68
Wire Transfer
$ 1,814,483.47 $ 1,814,483.47
Damage and Security Deposit
$ 250,000.00 $ 222,241.32
The above statement is accepted by the undersigned parties as a complete and
accurate settlement of all event revenues and expenses except damages.
FOR BAYFRONT PARK MANAGEMENT TRUST BY: Event Entertainment Group, Inc.
TIMOTHY F. SCHMAND
Friday Saturday Sunday
Tickets Sold 47,672 47,672 47,672
Comps Scanned over 1040 1,252 1,825 1,897
Total Surcharge Tickets 48,924 49,497 49,569
Surcharge per surcharge ticket $ 2.00 $ 2.00 $ 2.00
$ 97,848.00 $ 98,994.00 $ 99,138.00
Amount Paid $ 100,000.00 $ 100,000.00 $ 100,000.00
Amount Owed/(Refund Due) $ (2,152.00) $ (1,006.00) $ (862.00)
BAYFRONT PARK
USE AGREEMENT
THIS AGREEMENT hereinafter referred to as the "AGREEMENT," made this G day of
i'nptG/A. , 20Ii, by and between the Bayfront Park Management Trust, a limited agency and instrumentality of
the City of Miami, hereinafter referred to as the "TRUST," and EVENT ENTERTAINMENT GROUP, INC,, a
Florida for -profit corporation, with offices located at 1000 NW 1411' Street, Miami, Florida 33136, hereinafter
referred to as the "USER."
RECITALS
WHEREAS, the TRUST is responsible for the operation, management and maintenance of the City of
Miami ("City") owned park, located at 301 N, Biscayne Blvd„ Miami, Florida 33132, and known as Bayfront Park
(the"PARK"); and
WHEREAS, USER wishes to use the PARK for the purpose of conducting the Ultra Music Festival on the
Friday through Sunday of the fourth weekend of March 2014, Maroh 2015, Maroh 2016, March 2017 and March
2018; and
WHEREAS, USER will occupy the PARK from approximately thirty (30) days prior to the first day of
eaoh performance and continue for approximately seven (7) days following the last Sunday performance, and
WHEREAS, USER upon occasion desires to make certain changes to the PARK in order to produce the
Ultra Music Festival, with such renovations occurring at USER's sole cost and expense, USER agrees that those
renovations shall be done in a manner satisfactory to the TRUST, In the TRUST's sole discretion.
NOW, THEREFORE, in consideration of the covenants and agreements hereinafter sat forth the receipt
and sufficiency of which is acknowledged by the parties, the TRUST hereby grants unto USER the privilege of
entry upon and use of the PARK, for the purpose of producing the EVENT, on the terms and conditions set forth in
this Agreement,
1., RECITALS:
The Recitals are true and correct and are hereby incorporated into and made apart of this Agreement,
2. EVENT AND USE PERIOD:
The EVENT is the Ultra Music Festival, to take place at the PARK on the Friday through Sunday of the
fourth weekend of March 2014, March 2015, March 2016, March 201.7 and March 2018 from 4:00 pm to
midnight on Fridays, 12 noon to midnight on Saturdays, and noon to 11 p.m, on Sundays, Subject to the
approval of the Miami City Commission, USER shall, at all relevant times, have the right, but not the
obligation to produce Events that cover an additional weekend during the Use Period, Setup for the
FERVENT will begin at 7:00 am, on or about February 27, of each year of the term and tear -down will
terminate no later than 11:59 ptn, on or about April 5, each year of the terra (the "USE PERIOD"). Unless
otherwise specifically provided hereunder, TISER shall be completely responsible for the production,
coordination and management of the EVENT, at its sole cost and expense, Set-up for th.e EVENT shall
not interfere with visitors' use ofthe PARK.
3. 'REMISES:
As used in this Agreement, "PREMISES' means the entire PARK and such open spaces that may be
required by the USER for the EVENT, and such other facilities of the PARK as may be authorized by the
TRUST, PREMISES do not include the Klipsch Amphitheater, the use of which is authorized under a
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separate agreement,
a. Restroom h acilities:
USER hereby agrees to provide adequate portable restroom facilities, which shall be open and
operational during the USE PERIOD.
b. Control of Access:
USER hereby agrees that the staff and management of the TRUST, hi consultation with the
Miami Police Department and the USER, have complete control as to when gates to Events are
opened. USER hereby agrees to respond to any reasonable TRUST request during the USE
PERIOD of the EVENT,
a. ,Sound Checks:
USER hereby agrees that there will be no sound checks before 4:10 PM on any weekday (Monday
through Friday),
d. Sound Level:
USER understands that the TRUST'S sound policy establishes amaximum level of 110 decibels
measured 60 feet away from each stage, Failure to cure each incident of sound level non-
coin.pliance within five (5) minutes of notification by Trust designee will result in a fee of$1,000
per incident.
e, Time of Event:
USER hereby agrees the EVENT must end by 12 midnight on Friday and Saturday, and by I 1 pm
on Sunday. USER shall pay a time overage fee of $1,000,00 for every one (1) minute, or a
fraction thereof, Vale EVENT continues beyond 12 midnight. This overage fee is in addition to
all other fees and costs for which USER is responsible under this Agreement.
Alcohol Wrist Band Policy:
USER hereby agrees that if alcoholic beverages are vended at the EVENT, USER will use
alcohol wrist -banding staff to ensure consumers of alcohol are of the appropriate legal drinking
age.
g. Disr3ensinu of Alcoholic and Non.alcohnlic Beveratesi
USER shall not sell beverages, alcoholic or non-alcoholic, in glass bottles of any size. USER
shall dispense all beverage products in plastic or paper cups only, However, USER shall be
authorized to sell Red Bull products in cans not to exceed nine (9) ounces, In addition, the
TRUST authorizes USER to dispense Heineken boor in aluminum shaped bottles in the VIP
area(s) only. However, under no oircumstanee shall this product be taken out of the VIP area(s).
USER hereby agrees to dispense a maximum of two (2) alcoholic beverages per person at time of
purchase.
USER hereby agrees that (i) sales of alcoholic beverages will stop sixty (60) minutes prior to the
end of the EVENT and (ii) sales of non-alcoholic beverages shall continuo without interruption
until the conclusion of the EVENT.
h, Sponsor's Sisznaae:
USER hereby agrees that under no circumstances can any TRUST sponsor's signago be covered
during the USE PERIOD.
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4, CONDITION OF PREMISES AND REQUIRED RENOVATIONS:
USER has inspected, or has been given the opportunity to inspect, the PREMISES, prior to exeoution of
this Agreement, and accepts it in its present condition and agrees to restore and return the same in the
annual pre -load -in condition. Speoifioally, USER agrees that it shall replace or restore to their original
condition, any and all components of the PARK, including but not limited to infrastructure, grass or trees,
including necessary irrigation, if any, and decorative (including statues, historioal markers and Light Tower
paint with approved, preparation and specialized paint) and play structures, which are damaged due to the
EVENT. All replacement or restoration shall be in a manner satisfactory to the TRUST, in the TRUST's
sole discretion. The USER shall repair and make the PARK safe and available for public use immediately
after the USE PERIOD. Commencing seven (7) days following the last Sunday performance, the USER
shall commence sodding or mulching damaged sod areas in preparation for the Corporate Run, which takes
place annually the last Thursday In April . Upon the Corporate'Run's conclusion the USER will diligently
and continuously work to resume and finish the PARK's complete restoration, subject to the TRUST's sole
and absolute approval, which may be withheld, USER shall complete all restoration no later than Tune 1,
annually. USER shall make a qualified representative available (for whom the Trust shall retain approval
rights) to review, disouss and implernent a course of action as a result of damages to the PARK In
aceordanoe with the terms mentioned in Section 8, Damage and Security Deposit. Should the USER fail
to complete the PARK's restoration by June 1 annually, the TRUST shall begin deducting $10,000 per day
from the $250,000 Damage and Security Deposit for each day the restoration remains Incomplete,
The parties acknowledge that ISM upon occasion shall have the right, but not the obligation, to snake
certain renovations to the PARK in order to conduct the EVENT, with such renovations occurring at
USER's sole cost and expense, The TRUST shall not have any obligation to USER, financial or
otherwise, arising out of the renovations, The renovations, if any, shall be in the form depicted in Exhibit C
(which Exhibit C may be Jointly provided by the parties subsequent to the execution of this Agreement but
prior to the commencement of any renovation and may change annually, as necessary) and shall be
performed in a manner acceptable to the CITY and TRUST. USER acknowledges that all such
renovations, if any, shall occur so as to minimize the impaot to visitors to the PARK, Further, the USER
recognizes and agrees that the PARK is a public facility and during the entirety of the USE PERIOD will
cooperate with the TRUST to ensure ongoing public access to the facility, as reasonably possible,
5. COMPLIANCE WIT18 rERMITS AND LAWS.,
a. USER, represents and warrants that during the term of this Agreement, in connection with the
EVENT, it will obtain and maintain all required permits and approvals. TRUST will assist USER in
obtaining assembly permit(s) from the Office of Fire Prevention of the City of Miami. .hire .Department
manpower roquhretnents shall be determined by the Fire Department at least 10 business days prior to the
EVENT,
b. USER represents and warrants that during the term of this AGREEMENT, it will not use or
omploy the PREMISES, or any other City owned property, to handle, transport, store or dispose of any
hazardous niaterials and that it will not conduct any activity on PREMISES or City owned property in
violation of any applicable environmental laws,
e, USER represents and covenants that it will comply with all applicable laws, codes and ordinances,
including, but not limited to, la Americans with Disabilities Act ("ADA") all laws srohibitina
discrimination and, euvirontnental laws.
d. USER. represents and warrants that it is aware of the restrictions contained In Sections 22-180 through 22-
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185 of the Code of the City of Miami entitled " Hat►dbiils" and that it will comply with all of the requirements
therein with respect to the distribution ofcomnmercial handbills. Should USER fall to comply it shall be responsible
for the payment of any fine the City may impose upon the TRUST. Payment for tines imposed must be made
within ten (10) days of receipt thereof,
e, USER accepts this Agreement and hereby acknowledges that USER'S strict compliance with all
applicable federal, state and local laws, ordinances and regulations is a condition of this Agreement, and
USER, and any of its employees, agents or performers, shall comply therewith as the same presently exist
and as they may be amended hereafter, This Agreement shall be construed and enforced according to the
laws of the State of Florida,
Further, the USER, and any of its employees, agents or performers, hereby agrees to comply with all
regulations regarding travel to and fl'om the United States as promulgated by the U.S, Department of
Treasury, Offioe of Foreign Assets Control ("OFAC") and the U.S, ]Department of State,
Any uncured violations of any federal, state and local law shall subject the USER to cancellation of this
Agreement,
6, USE FEE:
In consideration of the use of the PREMISES, USER shall be responsible for all costs associated with the
EVENT, and shall compensate the TRUST in the manner set forth in Attachment A, which is attached
hereto and made a part of this Agreement, In exchange, the TRUST shall, at a minimum, provide those
certain venue deliverables described in Exhibit A, Further, commencing the third year of the term (2016),
the USE FEE per weekend shall increase by 3% annually,
USER understands that if the PREMISES are not cleared of any and all production equipment by seven
(7) days following the last Sunday performance, unless it has made other arrangements with the TRUST, a
$10,o0oiday fee will be imposed until the PREMISES have been cleared of production equipment.
USER may incur additional charges ("Additional Charges") for rental of tents, tables and other necessary
equipment or services that USER may require the TRUST to facilitate. With respect to tents, USER shall
not be required to use TRUST'S tent servioers or installers, provided that the tent installer or servicer
proposed by USER satisfies TRUSTS's requirements, The final coat of any Additional Charges shall be
determined upon presentation of invoices from the various service providers.
Except as otherwise specifically provided herein, USER shall be responsible for all costs involved in the
presentation of the EVENT, including without limitation: all BMI and ASCAP license fees, all staffing and
all charges for police, fire rescue, inspectors, building and/or assembly permits, security, insurance all
utilities, supplies, equipment rental, tieket surcharge, all applicable taxes, including State of Florida Sales
Tax and other services, except those which are furnished by the TRUST and are included in the USE FEE,
7. TERMS OF PAYMENT:
USER shall submit to the TRUST, in the form of cashier's check, or money order, no later than 5 pm.,
nine calendar days prior to the commencement of the USE PERIOD the USE FEE, minus any applicable
Ticket Surcharge and shall have repienlshed the Damage and Security Deposit by the dates outlined
herein. The Ticket Surcharge shall be payable as required in paragraph l0.
8. DA.M.AOE & SECURITY DEPOSIT:
The Damage and Security Deposit shall be in the amount ofS250,000 and shall be subject to the
applioable terms of this Agreement. The Damage and Security Deposit is intended to secure performance
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of all of USER'S obligations hereunder. In addition, the Damage and Security Deposit is intended to
seoure USER'S request for future dates in 2014, 2015, 2016, 2017 & 2018.
A joint inspection of the PREMISES by the parties will be made within two (2) business days after the
completion of EVENT, wherein the short terra and long term repairs to the PARK will be identified. The
Damage and Security Deposit will be held by the TRUST until such tinge as all the repairs are completed
or it is depleted by the USER's failure to complete the restoration within the allotted time. The Damage
and Security Deposit shall also be applied toward payment of any fees or costs assessed against the
PARK, the City of Miami or the TRUST for activities and operations of USER directly resulting from the
Event hereunder, or directly arising from the EVENTS, In the event the amount necessary to repair the
damages or satisfy USER'S obligations hereunder exceeds the Damage and Security Deposit then the
USER agrees to pay the balance to the TRUST, within ten (10) business days of the TRUST'S written
request.
USER further agrees to inform the TRUST on or before July 1, of each year of their intentions for the
subsequent dates through the end of the term ofthis Agreement. If the USER does net intend to host
EVENT at the PARK in subsequent years the Damage and Security Deposit shall be refunded. If the
USER affirms intention of holding EVENT, the Damage and Security Deposit will be held to secure
performance of all USER's obligations. Failure to affirm intention of usage by July 1, of each year shall
not be deemed an affirmation by USER of its intention to use the PARK. USER'S failure to affirm its
intention to use the PARK shall result in forfeiture af;deposlt, Cancellation of EVENT after USER'S
affirmation to the TRUST of its intention to use the PARK shall result in forfeiture of the Damage and
Security Deposit.
Similarly, In the event the Damage and Security Deposit falls below $250,000 after USER completes all
necessary repairs to the PARK, the USER shall replenish up to the full amount of $250,000, within ten
(10) business days of the TRUST'S written request, The TRUST shall maintain the Damage and
Security Deposit in an interest bearing account. Tho interest shall accrue to the USER'S benefit, The
TRUST shall credit all interest towards USER'S future financial obligations.
9. DANDIER PLACEMENT:
The TRUST reserves the right to restrict placement of banners in B'ayfront Park.
10. TICKET;
a. Ticket Surcharge:
USER agrees to pay to the TRUST all applicable ticket surcharges as stated in section 53.2 of the
Code of the City of Miami and ordinance 10509 of tlio City of Miami, as amended, As of August
1, 2005, the applicable ticket surcharge is as follows: 75 cents on all tickets between $1.00 to
$14,99; $1.00 on all tickets between $15.00 to $29.99; and $2,00 nn all tickets $30,00 and over.
The ticket surcharge, or an amount equal to the ticket surcharge, shall also apply to all
complimentary tickets except as provided hereunder. The amount of the ticket surcharge shall be
paid as part of the USE FEE, not the inter than one day prior to the opening of the gates for
each respective Event. The amount of ticket surcharge shall be paid on every ticket sold,
regardless of whether the ticket is used at the gate on an EVENT day,
b. ,COMPEIIVMENTARY' ICKUS; COMPLIMENTARY TICKETS:
USER shall have right to distribute, up to 1040 tickets per each Event day (including up to 40
tickets to be provided to the TRUST per each event day, whioh will be VIP) for promotional use
without payment of a ticket surcharge, USER shall only pay a ticket surohaggo on complimentary
tickets actually used at the EVENT in excess of the 1040 tickets authorized herein. USER shall
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not pay a ticket suroharge on complimentary tickets issued in excess of the 1040 tickets authorized
per event day, but not used, USER agrees to provide TRUST with complimentary tickets no later
than five (5) working days prior to EVENT.
D. TICKET POLICY;
USER agrees that all tioketed events in PARK wilt be audited by the TRUST'S Box Office
Auditor and/or Manager. There will be no exceptions.
USER agrees to submit a valid ticket manifest prior to the opening of the gates. There will be no
exceptions, The TRUST'S Box Office Manager and/or Auditor will report compliance or lack of
complianee to the executive stair prior to the gates being opened on day of the EVENT.
Failure to provide a valid ticket manifest may result in a non-compliance fee as outlined below, The
fee will be assessed on all tickets counted by the TRUST, including complimentary tickets,
1,000 to 9,999 tickets - $1,000.00 non-compliance fee
10,000 to 19,999 tickets - $2,000.00 non.eompliance fee
20,000 + tickets - $3,000.00 non-compliance fee
d, USER agrees that the TRUST will provide at USER'S cost all personnel required for ticket
taking, gate control and ticket counting, as necessary,
e. USER agrees that all tickets must be torn in half at turnstiles and half must be returned to the
patron entering the show, The TRUST reserves the right to access and count all "drop" ticket
stubs.
f. In the event that the USER employs the ticket scanning method, as opposed to the method
described in section 10.e:
1. TRUST ticket scanning personnel will not tear tickets in half and a drop count will not
be used,
2, USER shall provide sufficient back-up scanners in the event of any scanner
malfunction. In the event of a complete scanner failure, TRUST may use alternative methods to
maintain accurate counts of patrons attending the EVENT,
3. USER will provide TRUST with a laptop loaded with a ticketing program that will
track the scanned tickets making it possible to know how many patrons are in the facility at any
time. Such method will apply to section 104 below,
g. In the event that the show's tickets are sold out, the TRUST and USER agree to the t'ollowing:
1. Ticket counting staff will not be required;
2. USER will pay the TRUST the $2,00 per ticket surcharge, pursuant to suction 53-2 of
the Code of the City of Miami and ordinance 10509 of the City of Miami, as amended ;
3. Ticket Surcharge will be due and paid no later than 12:15 a.m, of each day following
show; and
4, Ticket Surcharge will be paid on every ticket sold, subject to the terms and conditions in
section 10,a and 10,b
h, USER agrees to pay all applicable taxes and service charges refuted to tickets.
11 ADyERTI,SIN :
All advertising for EVENT must state Bayfront Park 301 N. Biscayne Boulevard, Miami, Florida 33132,
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12 FOOD & ARTS & MERCHANDISE LOCATIONS:
The TRUST and the Fire Marshall of the City of Miami reserve the right to designate the location of all
food and craft booths for the EVENT with proper and advance notification to the USER.
13, SECURITY:
USER. shall provide at USER'S cost, ail necessary perimeter/t-shirt event security and police officers to be
determined by the City of Miami Police Department and the TRUST. In addition, TRUST may require
extra fencing or security if it deems It necessary.
14. CATERING:
USER, at its own cost, shall provide catering, food and beverages and the cleanup of the designated food
area during the EVENT, The TRUST retains the right to hire, at USER'S cost and expense, a Concession
Coordinator, whose responsibility will be to oversee and approve the coordination of all concession
operators, and to report to the TRUST and require immediate correction of any ants that do not conform to
this Agreement, including, but not limited to, the adherence of ail State, County, Municipal and Trust
health codes, rules and regulations.
15. INSURANCE:
USER shall obtain and maintain in force for the USE PERIOD, General Liability Insurance on a
Comprehensive General Liability Form or an equivalent polio)/ form in the amount of coverage deemed
aooeptable by the City of Miami Risk Management Administrator for bodily injury and property damage
liability, see Exhibit I3, which is attached hereto and made a part of this Agreement.
The City of Miami, the Bayfront Park Management Trust, and the Army Corps of Engineers (ARMY
CORPS), shall be named "Additional .Insured" on all policies. Any questions regarding Insurance should
be direeted to the Trust. The Trust will liaison between the City of Miami Risk Administrator and the User
concerning questions regarding insurance,
USER shall furnish all insurance certificates required by the City of Miami insurance Administrator, no
later than ten (10) days prior to the commencement of the USE PERIOD,
I. INDEMNIFICATION:
USER agrees to indemnify, defend, covenant not to sue and hold harmless the CITY and TRUST, and all
the CITY'S and TRUST'S members, officials, officers, agents and employees (collectively referred to as the
"Indernnitees"), from and against all losses, costs, penalties, fines, damages, claims, expenses (including
attorney's fee and costs), and liabilities (collectively referred to as "Liabilities") arising out of, resulting
from, or in connection with (i) the EVENT, the use of the PREMISES and/or performance of any
renovation to the PREMISES, (ii) the performance or non-performance of this Agreement, whether it is, or
is alleged to be, directly or indirectly caused, in whole or in part, by any act, omission, default or
negligence (whether active or passive) of the Indentnitees, or any of them (except for the Intentional,
criminal or wrongful sots, or gross negligence or willfirl misconduct committed by such Indamnitees), or
(iii) the failure of the USER to comply with any of the provisions contained herein, or to conform to
statutes, Ordinances, or other regulations or requirements of any governmental authority, federal or state, in
connection with the performance of this Agreement. In addition, USER expressly agrees to indemnify,
covenant not to sue and hold harmless the Indemnitees, or any of them, from and against all liabilities
which may be asserted by an employee or former employee of USER, or any of its subcontractors, as
provided above, for which the USERS liability to such employee or former employee would otherwise be
limited to payments under state Workers' Compensation or similar laws. This indemnity provision shall
survive the termination of this Agreement and shall continue in effect until the expiration of the
Corresponding statute of limitations or the tolling thereof.
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17. RISE OF LOSS:
Except as set forth in the following sentence, the CITY and TRUST assume no responsibility whatsoever
for any person or property that enters the PREMISES as a result of, or in connection with, the EVENT. In
oonsideration'of the execution of this AGREEMENT by the TRUST, the USER releases the CITY and
the TRUST from any and all liability for any loss, injury, death, theft, damage or destruction to any
persons or property which may accur in or about the PREMISES, USER does not agree to release the
CITY or the TRUST for ally and all liability to the extent such liability is determined to be due to the
intentional or willful tnisoonduot or negligence of the CITY or the TRUST, or their respective employees
or agents,
18. FORFEIT OF CANCELLATION:
Subject to the force majeure provisions set forth in this Agreement (Paragraph 30) all advance sums, or
advance payments under this AGREEMENT, shall be forfeited if, through the fault or action of the USER,
the EVENT is not held within the dates and times contracted.
19, DEFAULT PROVISION:
In the event the USER shall fail to comply with any material term and condition of the AGREEMENT or
shall fail to perform any of the material terms and conditions contained herein, then the TRUST, at its sole
option and In addition to all other rights and legal remedies available to it by law, upon written notice to
USER may cancel and terminate this AGREEMENT, (after providing USER with written native of any
material breach by USER and after allowing IJ•SER an opportunity of thirty (30) days to cure such material
breach or default) and all payments, advances, or other compensation paid by USER pursuant to this
Agreement, shall be forthwith retained by the TRUST.
20, AWARD OE AGREEMENT:
USER represents and warrants to the TRUST that it has not employed or retained any person or company
employed by the TRUST to solioit or secure this AGREEMENT and that It has not offered to pay, paid, or
agreed to pay any person any fee, commission, percentage, brokerage fee, or gift of any kind contingent
upon or in connection with, the award of this AGREEMENT.
21. PUBLIC RECORDS:
USER understands that the public shall have access, at all reasonable times, to all documents and
information pertaining to TRUST contracts, subject to the provisions of Chapter 1.19, Florida Statutes, and
agrees to allow access by the TRUST and the public to all documents subject to disclosure under
applicable law, USER's failure or refusal to comply with the provisions of this section shalt result in the
TRUST'S immediate canoelation of this AGREEMENT. USER acknowledges that this termination Is not
subject to cure provisions contained elsewhere in this AGREEMENT.
22, NONDISCRIMINATION:
USER shall not discriminate against any persons on account of race, color, sex, religion, creed, aaoestiy,
national origin, ago, handicap, or marital status in the use of the PREMISES.
23, AUTHORIZED) PERSONNEL:
The TRUST shall have authorized representatives with decision making authority, reasonably available at
all reasonable threes throughout the USE PERIOD for consultation with USER.
24, AUTHORITY TO EXES,IUTE AGREEMENT:
Each party represents to the other that it has the power to enter into the AGREEMENT and that the
consent of no other person or entity is required in connection therewith, except as otherwise provided, and
Page ll
BPMT/ 2013 EVENT ENTERTAINMENT GROUP, INC. Use Agreement
Doe 40029a
the AGREEMENT constitutes a valid and binding obligation of each party in acoordanee with the terms
hereof
25. RELATIONSHIP 01? PARTIES:
This AGREEIVIENT shall not be deemed or construed to create any agency relationship, partnership, or
,joint venture between the CITY, the TRUST and TJSER.
26. NOTICES;
Notices required under tho AGREEMENT shall be deemed to be given when hand -delivered (with receipt
therefore) or mailed by registered or certified mail, postage prepaid, return receipt requested.
AS TO USER:
Russell C. Paibisoh
President& CEO
Event Entertainment Group, Ina.
1000 NW 146 Street
Miami, Florida 33136
AS TO THE CITY:
Johnny Martinez
City Manager
City of Miami
3500 Pan American Dr.
Miami, Florida 33133
AS TO THE TRUST:
Thnothy F. Sohmend
Executive Director
301 N. Biscayne.Blvd,
Miami, Florida 33132
WITH A COPY TO;
Victoria .Mendez
City Attorney
444 SW 2nd Ave, Suite 945
Miami, Florida 331.30
27 NONDELEGAIIILITY
The AGREEMENT may not be transferred or assigned by USER without the prior express written consent
of the TRUST.
28 GOVERNING LAW:
The AGREEMENT shall bo construed according to the laws of the State of Florida and venue shall be in
Miami -Dade County.
29, CONFLICT 4E INTEREST;
USER is aware of the conflict of interest laws of the City of Miami (Code of the City of Miami, Florida,
Chapter 2, Article V), of Miami -Dade County, Florida (Code of Miami -Dade County, Florida (Code of
Miami -Dade County, Florida, Section 2-11.1) and of the State of Florida (as set forth in Florida Statutes)
and agrees it will fully comply in all respects with the terms of said laws and any future amendments
30. FORCE MAEJEURE
The parties shall not be liable to the other for any allure to perfbrm their respective obligations whore
such failure is caused by conditions beyond their respective control, including, but not limited to, Acts of
Nature (including fire, flood, earthquake, storm, hurricane or other natural disaster), war, invasion, act of
foreign enemies, events In foreign countries that affect the parties, its citizens, hostilities (whether war is
1?age 9
BPivrr/ 2013 EVENT ENTERTAINMENT GROUP, INC. Ilse Agreement
Doc 400298
declared or not), civil war, rebellion, revolution, insurrection, riots, street celebrations or protests, military
or usurped power or confiscation, terrorists activities, nationalization, government sanctions or restrictions,
blockage, embargo, labor dispute, strike, lookout or interruption, or the failure of services such as
electricity or telephone,
31, ASSIGNMENT:
(a) Except as otherwise specifically provided USER may not voluntarily or by operation of
law, assign, encumber, pledge or otherwise transfer all or any part of USER'S interest hi this Agreement. Any
attempt by USER to assign all or any part of its interest and any attempt to subcontract its management duties
hereunder (except as otherwise specifically provided in this Section) shall be void and of no force or eflbot (and the
parties acknowledge that the foregoing, is not intended, and shall not apply, to the delegation of those usual and
customary production duties of USER as an event organizer). In the event of any assignment, transfer,
encumbrance or subcontract, USER shall remain liable for all obligations hereunder and the transferee shall be
jointly and severally Iiable for all obligations thereafter arising under this Agreement, Any transfer of a controlling
interest in USER (whether in a single transaction or multiple transactions) shall be considered an assignment of this
Agreement. USER recognizes that City and/or Trust identified USER to be the contracted entity in this agreement
based on U,SSER's experience and specific qualifications in operating this event.
(b) Notwithstanding the foregoing, USER shall have the right to assign or transfer this
Agreement to any of the following (each a "Transferee"):
(i) a successor entity arising from the purchase of, or merger or oonsolidation; er
(ii) an entity that purchases substantially all of the assets of USER,
provided in either case alI of the following conditions are met:
1. The Transferee has a Tangible Net Worth in excess of $5,000,000;
'2. The Transferee has nat less than five (5) years° experience in producing
and protnoting similar live entertainment events internationally, nationally or regionally
(meaning operating not less than five (5) live entertainment events in multiple states or
countries during such five (5) year period);
3. USER and the Transferee shall execute an instrument pursuant to
which the Transferee assumes all obligations thereafter arising and USER acknowledges
its joint and several liability for all such obligations;
4. In Executive Director's reasonably determination, the Transferee has a
good reputation for producing events similar in nature and is an appropriate manager for
the event, Executive Director shall advise USER in writing whether or not this
condition four (4) has boon met within sixty 00) days after having received such
information as Exeoutive Director shall reasonably request to make the determination. If
.Executive Director does not advise USER that the Transferee is unacceptable within such
sixty (60) day period, time being of the essence, this condition four (4) shall be deemed
satisfied.' In the event Executive Director advises USER in writing (".Executive
Director's Notice") that this condition four (4) has not been met and, if conditions I, 2
and 3 have been met, then and in that event, USER shall have the right to terminate this
Page 10
EMT/ 2013 EVENT ENTERTAINMENT GROUP, INC. Use Agreement
Doe 400298
Agreement by written notice ("Termination Notice") to Executive Director given within
thirty (30) days alter the date of Executive Director's Notice, time being of the essence,
USER's failure to deliver the Termination Notice within thirty (30) days after Executive
Director's Notice shall irrevocably constitute USER'S waiver of its right to terminate,
Upon termination of the Agreement under this paragraph, USER shall be entitled to the
return of its Security Deposit within 10 days of USER's request therefor.
The provisions of paragraphs above shall not prevent USER in the porforrnance of its business to grant licenses and
enter into concessions and service agreements for the events, Specifically, USER is authorized to subcontract non-
management duties to vendors, so fang as such vendors agree to the insurance and indemnification provisions
contained heroin, or USER agrees to cover any such vendor pursuant to its insurance and indemnification
obligations.
(signature page follows)
Page 11
BPMT/ 20:13 EVENT ENTERTAINMENT GROUP, INC. Use Agreement
Doc 400298
IN WITNESS WHEREOF, the parties hereto have individually and through their proper corporate official
executed the AGREEMENT, this the day and year first written.
WITNESSES:
ATTEST;
BY;
,rose Go
Administtative,#Ficer
APPROVED 5TOINS
REQUIRE ENTS:
h vin Elli , T ire. or
Risk Ma
ATTEST:
BY:
less, Sign above & print name below
BAY1'RONT PARK MANAGEMENT TRUST
a limited agency and instrumentality
of the City of 1VIiami
Executive Director
APPROVED AS TO FORM AND
CORRE ,,TNESS:
USER: EVENT ENTERTAINMENT
GROUP, INC.
BY:
Russell C. Faibisch, President
Page 12
BPMT/ 2013 EVENT ENTE1 TAINIVIENT GROUP, INC. 'Use Agreement
Doc 400298
201 SpedW Et Naval Mr.OrniO
2401_1 • Rroltat Faa
2011 Ron Only /toad #-% - lOad Ois1
Par Fee
1;=31,:g 201 - Evwxt Rental! imam%
201_3 - Smitusto
tat anti Sumitomo• We**
vent Reutto tr=wna
.1 - Rerriat r-ee
wrogratrn
2i2RWitai 00y I Load Load 01,11
Parking -Soo
Tt pecial Event Po&tialXut
mhay....Y+
201 3 Stor...geNtzlt 2
Taal ftontni ottd Sumliamo 2 WoOko
Net Itxtwno.- per i.vaak
Bayfrant rk I'darincrutot Trlag
Aftachniellt 'A*
A
a
4%
Rota
39334 $ 119-502
5,200 $ 150,W0
500 S- 1-6_5011
s 1:36,1102
2 $14,000 1
$ €40-002 I
"0 S 3-9A34 $ 2-X-,k_GO4
4 $ 40,7M S I03,„DO0 t
.50 S 6.t.:0 1 1W, MO
40 S SOO $ , ,Z2,10_00 i
$ 572t004 1,
K000 3 S 32-4,=
54,000 3
S 1„=„
EXHIBIT fl
INSIIIZANCE REQUIREIVIEiNiTS.SPECIAX, EVENT IN$IVEIANCE
REQUIREMENTS ULTRA MUM FE$T1VAL EV `NT AT.
RAY:MONT PA,RK
t, ,CotatatreMI Gontral fl P Contra:El:doll)
A, Limits of Liability
Bodily lujory and Pury Lbiily
Eaa Ovip.tronco $1 „000,000
Genova AR,prettata.Litnk $ 2,000,000
Porstnal and Adv, buy S 4000400
Prao.aii/Cora&td Opgrittiorri $ 1,000.000
Encloorsommls ReoAt4
Managencbt Intat,Army Cola. of
Eatinteirs, pAitif tbeitrOstrttive belga :E.,olit0a,, Mrnb
?arum, affilleiteoi, tt'tW Suh aie aod: oriboir
Rpicctivr oraitt" Mato% Employ%.1, Valurittmn, .A3„6osizod
Atiterm,.40 Ripiesgreativoi liptvtd as idditional itvotrod&
Continvat euntraausi
Premiso,s40419poniticio$
Ritaintos
A„ tlability
Hdily -Injury *114*.itly partio.:Lhli
Colifbirkwi Sin* Limit
My Moo
bil14'.igg KW, Porkowal Mi.b.Owag4.1 Amt.o
Any Chm.Atai0e01 $ 1,000,000.
EgdOi-sOrtcnta fto.qitAi
Chy 9f iri 6-4yeront Pa* Wiatfawroptt Tool, Anq. Coqu
Eatitmets, .andtveh or tbolr osrmttive. Patlias 'amides; Monti)**
*Ai* tsivislowarKl Stkvidiaties, and mit of their
Offkivt.Dgot* Eroptoyoq, Voloqt,ara,
Authorized Astnts,„vot Ilopo.oemtivas. tts. udditionolWt
J
n WUdraitelf C011tkplerg$8110
PlAiti of LialAlikv
SAitwory. State of Florida
Erivtoyer's Liability
theft4 of Liability
S140(4000 for bodily ihjyty eausad by an ac4idstal, math amidot
140(000 for bodily injury exused by diatage. tab employee,
$ 1,000.000 fc,,Yr bodily injary catrgti by dim*, policy lln
liquor Liability
A. Litttit$ of Liabilivy
ttieb .ocegrreklea 00,00(
Al*egata $1,000,040
City octifiatt*littOtitit, Rat Maaagtm.o.0„ Th my Corp of`
1E1104mm, anittach.ottheirtespectivt Paraittilatifizs,
Pattues,.. affil.lat;;„ bivitiion and SubsitAadm. and each of their
goaixotive CiffivzN, Employ0,. Whimpers),
Authorized Ageatus, artd. litpreseaatittes HAW .45 in:stirt•de,
. thatmlfaMUt(12.1010 16y0aw Pam ilitptlayptg.liquar)
A, Umh otLiability
Egh04,0060Ve S9',000,Vgl
Att. $9A101)410,1
City of MiltaiL Day:freml Ntyk, Management Trast, Artny (7.typO of
Eingit ,wsa, caell of their resingeavu fizrot. Fattitte9, Nivaberroi,
Parttips,,d LUntlivi.,Ork wad 814briitligieg, thwIt tWir
l:tgapzettive, OfticArs,DivillOm, ShotO.oh3e,im, Employ*, VONEtkOAT.t
Authtitizvi An M Wad RWAWKIlighdeS IWO as additional found&
*WiArralitct to OwUmbrefla tbH(Suosfolitiwing fotrai Ltiofr
vaaktairijfltio,"6-, Odin tho telms':of tlte Astor,00 the 4.tawaivm inlvlinattionts
tquire4 itaiti.t1is ,%:ettijar, ltavp 4;4.* qtic.1 abol.kife;
ail* (1) iitmetly proem ami iptitattthel Jqui coverap 10 the,afiteified.lhalta nq4' •cd
inKtcr. tbilt Seption V cir (L) Lt4or vsces ocimaeoict bovoils, cotigoostotttgre to
prootwood maintain the' tame. 1 of impamaao covetave ander Otis See0tia:
isrlduclirtg .14:11.104! 9.0vgAito h' Oa' aptitifie4Unttquiroti, and in the:caft hereof.
Vendor shell Rho. comply wilt the re goirerrent s urn the:City. or Mi4011. 4ity &Oat Park
matiagepput "irrzig Ain .Corp$ cif nt)gagoil.x.t, and cab t1‘ th;iir reflMtiv* Pahmt
Entitiils* Members. Pothers, affiliate% ttivition ,and Subsidiaries., and cOicli of their
rosPective, ()erica% pitman,. SW1410404. traployetti4 Vaitintem, Author401 Agents
and Iloprtazatiititro,
The tawo etaltprovide Ilia City °irritated with written natio of •
cancellation or .atattilid 'chime from the beaurer lit t;ittorilitme with policy
previsimm
Comp:We:14 noilVtized to do bus s in the gtzte oMoritla4 wilb tie following
qualificationt shalt ismie instnanee poticics toquired abc.f4:
The company mad be rated Ita losa thou 1".M* as to rnaangtmOut,:atal .110: taN
thatt. "Close IP, as to, Flottnetal by the loot atihiim of War& !mamma
pak0 by A.M. WA Caafpittay, Oitiwich,. New jersey. or its
equivalent. AM outilleatea oritynrooe boned on behalf ctt Evt piettailiment
Grow, Int:, to, or it. Ivor u tht CIO aMntflagrant Park Managixatent
Trostt the VS. Maly Corps ot kiiigtneera and tub of tbeir toloottiva
inOioalttitfts or addittOttat haitited ptit*toint that: eettairt Agreentarit
iittiOed Oita hy wad 'betweari Event Entertolitaton es'eaup, and Hayfront
!Ark Maattgemeut That ore sAbian to review anal vtrifitotion tlia of
MiVitY$ ki!kMotiiigaittant prior ta itts#440 Oltfik*at.,
CORPORATE RESOLUTION
Whereas, Event Rutertaxnrnent Group, Inc., desires to enter into an Agreement with the Bayfront
Park Managonnent Trust substantially in the form of the agreement to which this Resolution is attached;
Whereas, the Board of Directors, at a duly held meeting has considered the matter in accordance
with the By -Laws of the Corporation;
NOW, THEREFORE, BE IT RESOLVED BY BOARD OF DIRECTORS that this Corporation is
authorized to enter into the Agreement with the Bayfront Park Management Trust and the President,
&well C, Faibisch, Is hereby authorized and directed to execute the Agreement in the name of this
corporation and to execute any other documents and perform any acts in connection therewith as may be
required to accomplish its purpose.
IN WITNESS WHEREOF, this
BY:
Charles Faibisch, Director
Affix Corporate Seal
day of' Maytt, 2014..
,Russell C. Faibisch, President
Page 16
BPMT/ 2013 EVENT ENTERTAINMENT GROUP, INC, Use Agreement
Doc 400298
CERTIFICATE IFICATE 0
!ABILITY Y INSURANCE
DATE (MMIDDIYYYY)
03/07/2014
THIS CERTIFICATE IS ISSUED A3 A MATTER OP' INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER.
CERTIFICATE DOES NOT AFFIRMATIVELY CR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE
BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER($), AUTHORIZED
REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER.
THIS
POLICIES
1MPORTANTI If the certificate holler is an ADDITIONAL INSURED; the policy/Bee) must be endaraed. If SUBROGATION IS WAIVED, subject to
the terms and conditions of the policy, certain policies may require an endorsement. A statement on tills certificate does not confer ricihta totho
certificate holder In lieu of such cndorsamentia). '
PRODUCER
Macpherson Insurance Agency
56 Merrick Way, Suite 408
Coral Galles, FL 33134
I ONT DT Nathan Hodnett
Ar, �; Ertl; 305.669,52e,8 r, ; , No305,669,521 a
h' otes, mailOrnaRhersonsoncy.com
INSORC'R(S) APP01¢DIN8 covortoa
NATO
11,1svrurZA2 T,HI.E Insurance Company .
INSURED
Event Entertainment Group, !no. & Ultra Enterprises Inc.
1000 NW 14th Street
Miam! FL 33138
INSURERS
INSURER 0:
INSURER •
INSURER El
INsu1 13PI
. ..
COVERA
ERTIFICATE NUMBER: 01
REVISION. NUMBER: 01
THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAW BEEN ISSUED TO THE INSURED NAM3i7 ABOVE FOR THE POLICY PERIOD
INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS
CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED EY THE POLICIES DESCRIBED HEREIN IS SUBJECT To ALL THE TERMS,
EXCLUSIONS AND CONDITION$ OF $UCH r'ol.ICI1=S. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS.
INSR
LYii
TYPO OP INDUkANCE
AbtfL^BOI
INSO
'""
POLICY NUMBER
POLICY CA
(MMICDIYYYYI
POr,I8Y_ 0)8
IMMIlO/W't rl
LIMITS
A
X
COMMERCIAL GENERAL LIABILITY
X
CPP0104022-00
2)27/2D14
2/2712015
CNpoQURRENOt
8 1,000,060
CLAIMS -MADE X I OCCUR
pPMISE Ea o rDiwal
$ 100,000
MED FXP (An) one porno)
$ S,DDD
PEROCNAL&ADV INJURY
$ 1!DOO,000
x
Liq Occ-$1 mm Llq Agg-$1 mrr
GE
X
NI. AOGRE(8'" ,._IA""T1ELIMIT APPLfESPER;
POLICY I_J CET' -•,_ 1.00
OTHERt
GENERAL AGGREGATE
$ 2,000,000
PRODUCTS • COMPIOP ABB
$ 1,000,000
$
A
AUTOMDBILELIABILITY
�..,,.
X
ANY AUTO
ALL AUTOppO ED
_
X
A OSULEO
NON -OWNED
AUTOS
�(
CPP0104022-00
2/27120'14
212'7I2015
MaaaOcicideEnOnSINa3LELIMIT
$ 1,ODD,D00
SODILYINJURY (Porporannl
$
BWILY INJURY(Per accldeni)
$
P Op0R , AAMAG0
IPsreacil ntl
$
_
X
UMBRELLA LIAB
EXdrISS LIAR
X
OCCUR
OIAIMS MADE
X
ELP0011573-00
2/27/22014
}j �'
2/27/2010
EAOH OCCURRENCE
$ 9ti000,000
AGGREGATE
$ 9,000,000
DM
RETONT ON $
$
WORKERS COMPENSATION
AND EMPLOYERS' LIABILITY
OPFIOORMIEMOEREXOLUDED? —1NIA
(Mandatory In NHI
If yes describe under
DESCRIPTION OFepssArI0N8below
�,I�
\VVIANYPROPRtETOR/PARTNERPXECUTIVY!N
c),
t
11
�'+
�!
/
H
E,L,EACH ACCIDENT
0
DISEASE -EA EMPLOYEE
••
¢
E,L•DISEASE .POLICYLIMIT
I
DESDRIPT{Oo OE OPERATIONS I LOCATIONS / VEHICLES (ROOM 101, Additional Ronalka 9u0aduln, may In uWirhad Irmo a sp on Is roqurrad)
Additional Insureds: The City of Miami, The Bayfront Park Management rust, and each of the respective
Parent Entities, Members, Partners, Affiliates, Divisions and Subsldiarles, and each of their respective
Officers, Directors, Shareholders, Employees, Volunteers, Agents and Re resentatives, and the Army Corps
of Engineers. Genera! Liability coverage includes contingent and contractual liabilities, and is primary and
non-contributory to other Insurances available to additional insureds. Excess Liability is following form basis,
CERTIFICATE HOLDER
Bayfront Park Management Trust
301 N. Biscayne Blvd
Miami, FL 33132
ACORD 20 (2014/01) The ACORD name and logo are reglstereri n7 rk COK
CANCELLATION
SHOULD ANY OF THE ABOVE
THE EXPIRATION DATE
ACCORDANCE WITH THE
AUTHORIZED REPRCBCNTA
SCRIBED
ROOF, NO
CY PRQV15 S.
E8 BE OANCELLE0 BEFORE
WILL 00 DELIVERED IN
0 :8 A AC9 CORPORATION, All rights reserved,
ACORM
Client*: 17012 BESTBEVE
CERTIFICATE OF LIABILITY INSURANCE
OATH (MOVDD(YYYY) •
3114/2014
THIS CERTIFICATEIS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER, THIS
CERTIFICATE DOES NOT AFFIRMATIVELY oR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE PoLICIES
DELoW. THIS CERTIFICATE OP INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURERS), AUTHORIZED
REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER,
IMPORTANT: Tithe certificate holder 10 an ADDITIONAL INsURBD, the pc licy(les) must be endorsed, If SUBROGATION IS WAIVED, oubJect to
the terms and conditions of the poliay, certain policies may require an endorsement, A statement on this certificate does not confer rights to the
certificate holder In lieu of such enclorsamentte).
PRODUCER
Barney & Barney (San Diego)
P.O. Box 85038
OA License OR 18131
San Mop, CA 92122
lgtiPcT Andrew Mendoza
min,, NAI 858 587.7462 FAX
i AN 4 No 858 210.3946
PAIAI
Amagsl endrew.mendozaqbarneyandhe ney.corn
INSURE IS) AFPOROIN VAG
1AINAIL
INSURERA: Liberty Surplus Insurance Cofpr
10728
INSURED
Best Beverage Catering
MB Assooiates, !no,
4S01 Morena Blvd, Suite 1107
San Diego, CA B2117
INSURER 13 1 RSLII indemnity Company
223 4
wsuptER ii 1Commerceand Industry 1nuran0
19410
IN uNER 0 I
,
INSU R g ;
iNsURBR F I
COVERAGES
CERTIFICATE NUMBER:
REVISION NUMBER;
THIS Is TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED !BELOW HAVE BEEN ISsuED TOME ENSURED NAMED AQV5 FOR THE POLICY PERIOD
INDICATED, HolwiTHETANDING ANY REouiREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT To WHICH THIS
CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE FOLIOIES DEscriii3ED I-IEREIN IS SUBJECT TO ALL THE TERMs,
ExcLuslows AND CONDITIONS oF SUCH PoLIC1E$ LIMITS SHOWN MAY HAVE BEEN REDUCED aY PPP CLAIMs.
Frit—
l'YP iNsA euNcE
ADOL
IN S R
SOBR
WYD
POLICY RIMERS '
AggY"
orIUMMN)
Moire
A
OENERAL LIAR] ury
10000263420a
01101/2014
001(2015,
EACH OCCURRENCE
$1,000,000
X
COMMERCIAL GENERAL LIAELITY
Iiiefiarct L.)
$50,000
CLAIM3MABl0 X[J OCCUR
MED DIP (Any ono pram)
Exolti de d
F RsoNAL d, AM INJURY
J1,000ip00
B 2i00 0,00 0
'-(5ERERAI.A4GREOATV
OIENIAGOHROBATLE LIMIT APPLIES PER:
,,,
prODucTs . coMP/uP AGO
$2,000,000
POLIDY r---1 F2t& )7 i.,0
Decluctibl9
AUTOMOBILE LIABILITY
.ID
dOMEINED SINGLE LIMIT
goarott,Ast)
ANY AUTO
BITBLY INJURY (Pur pennon)
ALL ovvhlen
AUTOS
SCHEDULED
AVICEI
/ /
—
a 1.6'f•IVOUROWSIC91,101t)
$
_
MAUD AuTos
__
EGN.OWNED
AUTOS
grrAzirnA"
UMBRELLA LIAR
X
occuR
NHA234381
0 101/2 14
01/01/201
EACH OCCURR NC
10,000,000
X
P.XCESS LIMY
01.,AIMS-MADE
A CIREOATR
310,0 0,000
DRO ( RETENTall
$
WORKERS COMPENSATION
MO LAM, TY
VVC006280008
01/01(0 4
01/0112015
X 120.101,Alta Pi'
EMPLOYERS' Y) N
S'PrIVAINERPF,EVITERC.V11\115
E.L. EACH ACCIDENT
$1, 00,000
N
(Morithitary InE.L.
PI ?A
GlISEASE - EA EMPLOYEE
$1,000,000
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Economics Group, Inc.
THE COMPREHENSIVE ECONOMIC IMPACTS OF
THE ULTRA MUSIC FESTIVAL
ON THE MIAMI-DADE COUNTY ECONOMY
Submitted to:
Ultra Music Festival
April 30, 2012
2655 LeJeune Road, Suite 608
Coral Gables, Florida 33134
Tel: 305.461.3811 - Fax: 305.461.3822
info@weg.com
www.weg.com
TABLE OF CONTENTS
I. EXECUTIVE SUMMARY 1
II. BACKGROUND: THE ULTRA MUSIC FESTIVAL 3
A. The Presence of the Ultra Music Festival Provides Externality Benefits
that go Beyond the Quantification of Economic Impacts 4
B. Ultra Music Festival Data and Methodology 6
III. THE RECURRING, ANNUAL QUANTIFIABLE ECONOMIC IMPACTS OF THE ULTRA
MUSIC FESTIVAL ON MIAMI-DADE COUNTY 9
A. Employment Impacts: The Operations and Visitor Expenditures Associated
with Ultra Music Festival Support 915 Jobs in Miami -Dade County 10
B. The Operations and Visitor Expenditures Associated with the Ultra Music
Festival Generate Important Contributions to Labor Income in Miami -
Dade County 11
C. The Operations and Visitor Expenditures Associated with the Ultra Music
Festival Generate Important Contributions to Gross Domestic Product
(GDP). 12
D. The Total Economic Impact of the Ultra Music Festival is a Significant $79
Million Annually. 13
E. The Operations and Visitor Expenditures Associated with the Ultra Music
Festival Generate Important Contributions to Public Revenues Each Year. 15
APPENDIX I: METHODOLOGY 16
APPENDIX II: ECONOMIC GLOSSARY. 19
APPENDIX III: DETAILED IMPACT TABLES 21
APPENDIX IV: THE WASHINGTON ECONOMICS GROUP, INC. PROJECT TEAM
AND QUALIFICATIONS 27
1
LIST OF TABLES AND FIGURES
Tables
Table ES-1. Summary of the Annually Recurring Economic Impacts Generated by the Ultra
Music Festival 1
Table 1. Average Out -of -Town Visitor Expenditures. 8
Table 2. Summary of the Annually Recurring Economic Impacts Generated by the Ultra
Music Festival 9
Table 3. Permanent Jobs Supported by the Ultra Music Festival 10
Table 4. Labor Income Generated by the Ultra Music Festival. 11
Table 5. Gross Domestic Product (Value Added) Generated by the Ultra Music Festival 13
Table 6. Total Annual Economic Impacts Generated by the Ultra Music Festival 14
Table 7. Fiscal Contributions Generated by the Ultra Music Festival Each Year 15
Figures
Figure 1. Jobs Supported by the Ultra Music Festival 10
Figure 2. Labor Income Generated by the Ultra Music Festival 12
Figure 3. Gross Domestic Product (Value Added Generated by the Ultra Music Festival. 13
Figure 4. Total Annual Economic Impacts Generated by the Ultra Music Festival. 14
ii
I. EXECUTIVE SUMMARY
❑ The Ultra Music Festival is a top asset of the Entertainment and Visitor Industry in
Miami -Dade County. The Festival generates significant and quantifiable economic
impacts for the local economy in the form of the generation of employment
(jobs), Labor Income, fiscal revenues and overall economic impact.
❑ The Washington Economics Group, Inc. (WEG) has been retained to prepare an
independent Study quantifying the economic impacts generated by the Ultra Music
Festival which, for the purposes of this analysis, are derived from the operational
expenditures incurred by the event organizers and out-of-town visitor expenditures
associated with the Festival in 2011.
❑ The quantifiable economic impacts of the Ultra Music Festival on Miami -Dade
County include the support of hundreds of jobs and significant contributions to Labor
Income, Gross Domestic Product (GDP) and fiscal revenues. This Study estimates
that the Ultra Music Festival supports 915 jobs annually in Miami -Dade County with
an economic impact of $79 million each year. These positive impacts for Miami -
Dade County are presented in Table ES-1 below.
Table ES-1. Summary of the Annual Recurring Economic Impacts Generated by the Ultra
Music Festival
Impact on:
Direct
Indirect & Total
Induced Impact
Employment (Jobs)
Labor Income ($ Million)
Gross Domestic Product (Value Added $ Million)
Federal, State & Local Tax Revenues ($ Million)
Total Economic Impact ($ Million)
Source: The Washington Economics Group, Inc.
596
$19
$25
319 915
$14 $32
$25 $50
$12
$40 $39 $79
❑ As shown in Table ES-1 above, the Ultra Music Festival is also responsible for
generating $32 million in Labor Income and $50 million in GDP contributions each
year in Miami -Dade County.
❑ These important economic impacts, due to the annually recurring presence of the
Ultra Music Festival in Miami -Dade County, were estimated using the professionally
accepted and widely used IMPLAN methodology. A detailed explanation of the
estimates as well as an explanation of the methodology used can be found in Section
III and Appendix II of this Study.
❑ Additionally, the Ultra Music Festival generates externality benefits that include the
improvement of Miami -Dade County's reputation as a global destination while also
The Washington Economics Group, Inc. I Page 1
improving the quality of life for Miami -Dade County's residents by adding to the
region's cultural, arts and social amenities.
❑ Events like the Ultra Music Festival bring large numbers of visitors to South Florida
from around the world and showcase the community. Further, the yearly Festival
supports the economic development strategy of Miami -Dade County and the State of
Florida by strengthening the targeted Entertainment and Visitor Industry and the
entertainment sectors that enhance and solidify Miami -Dade County's comparative
advantage within these important industries.
❑ The Ultra Music Festival's yearly presence is a positive force and a key addition
as it builds on Miami -Dade County's global brand as a top entertainment and
leisure destination for both domestic and international visitors. As such, the
overall economic development value of the Ultra Music Festival goes beyond the
quantification of its important economic impacts. The overall value of the Festival as
an important Entertainment and Visitor asset and draw for Miami -Dade County is the
sum of both the externality benefits to the County and the quantification of
economic impacts as previously presented. This is illustrated in the Matrix below.
Job
Impacts
Economic Development Impacts of the Ultra Music Festival:
An Entertainment and Visitor Asset of Miami -Dade County
Ultra Music Festival
Operations & Visitors
Quantifiable Direct,
Indirect and
Induced Economic
Impacts
Labor Fiscal
Income Revenue
Impacts ; Impacts
is
Improved
Entertainment 1
and Visitor
Amenities
Positive Externality
Effects
Enhanced
Reputation for
Industry and
Entertainment
Cohesion
Total Economic Development Impacts
uantifiable Direct, Indirect and Induced Economic Impacts
Positive Externalities
Improved
Standard of
Living
The Washington Economics Group, Inc.
Page 2
II. BACKGROUND: THE ULTRA MUSIC FESTIVAL
The Ultra Music Festival is a significant generator of economic activity and an important
asset to the Entertainment and Visitor Industry cluster in Miami -Dade County. The Ultra
Music Festival is an electronic music festival that has been housed in various outdoor
locations throughout Miami -Dade County over the past 13 years. Currently, the Festival
takes place over a 3-day weekend period in the month of March, and it brings renowned
world -class artists and music performers that attract thousands of visitors to Miami -Dade
County. In addition to attracting tens of thousands of visitors from around the world, the
Ultra Music Festival promotes the image of Miami —Dade around the globe as a world -class
destination, thereby making the Festival an important catalyst of economic activity in the
Entertainment and Visitor Industry cluster within the County.
Electronic music is one of the most popular and fastest growing music genres in the world,
and the Ultra Music Festival is recognized as one of the premier festivals of its kind. The
Ultra Music Festival showcases some of the most popular performers in the genre of
electronic music. Such an important festival attracts thousands of visitors to Miami -Dade
County. In fact, it is estimated that more than 165,000 individuals attend the Festival
throughout the 3-day weekend, and close to 60 percent of them are from outside of
Miami -Dade County.
Miami -Dade County has identified the Entertainment and Visitor Industry cluster as one of
the targeted industries for the economic development of the County. The Ultra Music
Festival generates significant economic activity in both of these industry sectors
The Washington Economics Group, Inc. I Page 3
through its operations and the expenditures by the out-of-town visitors that the Festival
attracts.
The Ultra Music Festival generates an economic impact that translates into the creation and
support of hundreds of jobs, the generation of millions of dollars in Labor Income and
contributions to GDP, as well as additional fiscal revenues for federal, state and local
governments.
The Ultra Music Festival has grown to become a key economic development asset of
Miami -Dade County and in South Florida's growing Entertainment and Visitor cluster.
The Festival is an unparalleled music event combining a major world -class electronic
music festival with musical headliners from around the globe. The Ultra Music Festival
is an entertainment asset not only to the residents of Miami -Dade County, but to the
national and international visitors who frequent the region.
A. The Presence of the Ultra Music Festival Provides Externality Benefits that go
Beyond the Quantification of Economic Impacts
The quantitative analysis that follows in Section III estimates the economic impacts of the
Ultra Music Festival as a result of the Festival's operations, activities and out-of-town visitor
expenditures. The benefits of having a unique, world -class attraction such as the Ultra Music
Festival in Miami -Dade County also yield unquantifiable, but important, economic
development benefits described by economists as externality benefits. These significant,
intangible benefits not only accrue to the County, but to the entire region as well, and assist
in the promotion and reputation of Miami -Dade as a global destination that possesses a
vibrant and inviting visitor industry.
An important externality benefit generated by the Ultra Music Festival on Miami -Dade
County is its enhancement of the Entertainment and Visitor Industry cluster by improving the
reputation of Miami -Dade County as a top visitor destination and by adding another
entertainment amenity that attracts many visitors to the County. The Ultra Music Festival's
yearly presence is a powerful magnet that brings visitors and music talent from across the
globe not only to Miami -Dade, but to the entire South Florida region. The economic impact
created by the Ultra Music Festival and the entertainment event that it represents increases
the quality of life for Miami -Dade County residents. The positive economic impacts generate
jobs and increased incomes for Miami -Dade residents while the presence of the Ultra Music
Festival also signifies an additional entertainment option for residents of Miami -Dade as well
as for visitors to the area.
The Washington Economics Group, Inc.
Page 4
In summary, the Ultra Music Festival generates benefits to Miami -Dade County that extend
beyond the positive quantifiable impacts estimated in this analysis. The positive impacts
generated by the Ultra Music Festival also include externality benefits that promote Miami -
Dade as a top visitor destination and enhance the quality of life for the County's residents
while also improving the business climate of the County. The matrix below illustrates the
externality benefits of having such an important entertainment attraction in Miami -Dade
County on a yearly basis, indicating the positive economic development and social impacts
generated by the Ultra Music Festival.
Job
Impacts
Economic Development Impacts of the Ultra Music Festival:
An Entertainment and Visitor Asset of Miami -Dade County
Quantifiable Direct,
Indirect and
Induced Economic
Impacts
Labor
Income
Impacts
Ultra Music Festival
Operations & Visitors
Fiscal
Revenue
Impacts
Improved
Entertainment
and Visitor
Amenities
Positive Externality
Effects,
Enhanced
Reputation for
Industry and
Entertainment
Cohesion
Total Economic Development Impacts
quantifiable Direct, Indirect and Induced EconomicImpacts
Positive Externalities
Improved
Standard of
Living
l
The Festival serves as an amenity that contributes to Miami -Dade as a strong and growing
Entertainment and Visitor destination. These so-called "externality benefits" that the Ultra
Music Festival generates for the County and also for the regional economy are in addition to
the important economic impacts that are quantified and discussed in Section III of this Study.
The Washington Economics Group, Inc. Page 5
B. Ultra Music Festival Visitor Data and Methodology
The Ultra Music Festival generates both tangible and intangible economic benefits for
Miami -Dade County. The following two main factors contribute to the Festival's
comprehensive and quantifiable economic impact in Miami -Dade:
• Increases in revenues for hotels, restaurants, retail and entertainment establishments,
which in part translate into...
• The generation and support of thousands of jobs and millions in Labor Income and GDP
contributions in Miami -Dade County as well as additional fiscal revenues for federal,
state and local governments.
The impacts contained in this analysis were estimated based on data from the 2011 Ultra
Music Festival and by utilizing the input-output methodology IMPLAN, a professionally
accepted and widely -used methodology which determines the economic impacts of specific
activities. The employment (jobs), Labor Income, fiscal revenues and economic impacts that
are generated by the Ultra Music Festival result in quantifiable benefits to Miami -Dade
County.
Methodology
Economic models that explicitly account for inter -industry linkages (supply relationships),
the generation of labor and capital income and the spending of household income have been
used since the 1960's to estimate the contribution that a particular business or industry makes
to the general economy. These "input-output" models recognize that, as an industry
experiences an increase in the demand for its products or services, it in turn needs more
goods and services from its suppliers and must increase its purchases from other industries in
the economy. The effect on regional production resulting from successive rounds of inter-
industry linkages is referred to as the indirect effect. The resulting increases in regional
production also lead to expansions in employment and labor income, and the increases in
labor income lead to increases in consumer spending, further expanding sales and production
throughout the regional economy. The latter economic impacts are referred to as the induced
effects. The successive waves of production, spending and more production result in
economic multiplier effects, where the final or total increase in regional production, income
and employment, respectively, is larger than the initial (or "direct") increase in production,
income and employment. The total quantitative economic contribution of these activities,
therefore, is comprised of a direct effect, an indirect effect and an induced effect.
The Washington Economics Group, Inc.
Page 6
In addition to these quantifiable benefits, the operations of the Ultra Music Festival and out-
of-town visitor expenditures provide important external benefits to the County and region as
well. Among these are the enhancement of the County's Entertainment and Visitor Industry
clusters, and the promotion and advertisement of Miami -Dade as a world -class destination
for both domestic and international visitors, which also supports and adds to the region's
tourism, hospitality and entertainment opportunities.
The operations of the Ultra Music Festival, along with the associated out-of-town visitor
expenditures, generate economic impacts that extend beyond those directly related to the
operations of the Festival. These "spillover" or multiplier impacts are the result of each
business activity's supply relationships with other firms operating within the community, the
proportion of income that accrues to households in the form of labor and capital income, and
the propensity of these households to spend the income earned on goods within Miami -Dade
County. For the purposes of this analysis, WEG has identified the two main activities that
generate the economic impact attributable to the Ultra Music Festival:
• The first activity includes the operational expenditures incurred by event organizers,
artists and the perfonners associated with the Festival. These expenditures amount to a
total of $11.5 million'.
• The second activity includes the expenditures made by out-of-town visitors that attend
the Festival. The impact associated with these expenditures is attributed to the Ultra
Music Festival because the event is the reason that these individuals come to Miami -
Dade County for the duration of the Festival.
These out-of-town visitors, of either domestic or foreign -origin, make other significant
tourist -related expenditures during their stay in South Florida. The Greater Miami
Convention & Visitors Bureau (GMCVB) conducts periodic surveys of visitors to the
community, collecting a wide range of information about these visitors and about their stay
in the area. WEG utilized the Bureau's data as part of this analysis to calculate the total
economic impact of the Ultra Music Festival on Miami -Dade County.
Based on data provided by the Festival organizers, WEG has estimated the daily attendance
to be 55,000 individuals and as previously mentioned, 60 percent (33,000) are out-of-town
visitors. To calculate total expenditures, WEG multiplied the number of out-of-town visitors
by the average daily expenditure for each category provided by the GMCVB. These
categories of visitor expenditures are expenses associated with Lodging, Meals,
Data provided to WEG by the Ultra Music Festival organizers.
The Washington Economics Group, Inc. Page 7
Transportation, Entertainment and Shopping, for example. Table 1 below summarizes the
out-of-town visitor expenditures attributable to the Ultra Music Festival.
Table 1. Average Out -of -Town Visitor Expenditures
Category
Lodging
Meals
Transportation
Entertainment
Shopping
Daily Average Multiplied by
Ex , enditures 33,000 Visitors
$78.0 $2,574,176
$53.2 $1,756,548
$16.6 $546,782
$31.9 $1,052,138
$84.9 $2,801,489
Source: The Greater Miami Convention & Visitors Bureau and The Washington
Economics Group, Inc.
The Washington Economics Group, Inc.
Page 8
III. THE RECURRING, ANNUAL QUANTIFIABLE ECONOMIC IMPACTS OF THE ULTRA
MUSIC FESTIVAL ON MIAMI-DADE COUNTY
Utilizing the direct economic impacts discussed in Section II of this Study (operational
expenditures and out-of-town visitor expenditures), the indirect and induced economic
impacts of Ultra Music Festival were calculated using the extended input-output model of the
Miami -Dade County economy. These comprehensive direct, indirect and induced economic
impacts are summarized in Table 2 below.
The Ultra Music Festival generates a significant economic impact in Miami -Dade
County. The Festival is responsible for supporting 915 jobs, generating more than $32
million in Labor Income, $12 million in federal, state and local fiscal revenues and close
to $50 million in contributions to Gross Domestic Product (GDP) for a total economic
impact of $79 million each year. Furthermore, the overall economic impact of the Ultra
Music Festival is comprised of direct impacts, which generate 596 jobs, close to $19 million
in Labor Income and almost $25 million in contributions to GDP and a total direct economic
impact of $40 million. Indirect and induced effects generate 319 jobs, more than $14 million
in Labor Income and $25 million in contributions to GDP for a total indirect economic
impact of $39 million every year.
Table 2. Summary of the Annually Recurring Economic Impacts Generated by the Ultra
Music Festival
Impact on:
Employment (Jobs)
Labor Income ($ Million)
Gross State Product (Value Added $ Million)
Federal, State & Local Tax Revenues ($ Million)
Total Economic Impact ($ Million)
Direct Indirect & Total
Induced Impact
596 319 915
$19 $14 $32
$25 $25 $50
$12
$40 $39 $79
Source: The Washington Economics Group, Inc.
The analysis that follows presents the detailed quantifiable economic impacts of the Ultra
Music Festival, as summarized in Table 2 above, in terms of employment, Labor Income,
contributions to GDP, fiscal revenues and total economic impact generated in Miami -Dade
County.
The Washington Economics Group, Inc. I Page 9
A. Employment Impacts: The Operations and Visitor Expenditures Associated with
Ultra Music Festival Support 915 Jobs in Miami -Dade County
One of the key components of the overall economic impact of the Ultra Music Festival is the
employment that the Festival supports. The Ultra Music Festival creates and supports 915
employment positions (jobs) in Miami -Dade County. Direct effects account for the creation
of 596 jobs while indirect and induced effects are responsible for supporting 319 jobs (Table
2, page 9). Table 3 below shows the breakdown of the jobs created in each industry.
Table 3. Permanent Jobs Supported by the Ultra Music Festival
Industry
Jobs % of Total
Supported
Knowledge -Based Services
Visitor Industry
Retail Trade
Wholesale Trade and Transportation Services
Government and Other
Construction and Manufacturing
537 59
225 25
112 12
21 2
13
1
8 1
Total:
915
100
Source: The Washington Economics Group, Inc. See Table A-1 in Appendix II.
Note: Total may not equal the sum of all because of rounding.
Jobs Supported by the Ultra Music Festival
if Knowledge -Based Services
Ill Visitor Industry
4,4 Retail Trade
la Wholesale Trade & Transportation
Services
tit Government & Other
Construction and Manufacturing
Figure 1
Source: The Washington Economics Group, Inc.
Figure 1 above presents the percentage distribution of the jobs generated and supported by
the Ultra Music Festival in each industry category. However, the majority of these jobs are
concentrated in the Knowledge -Based Services and Visitor Industry sectors, with 59 percent
The Washington Economics Group, Inc. Page 10
(537) of the total number of jobs generated in the Knowledge -Based Services sector, and 25
percent (225) generated in the Visitor Industry. This demonstrates the importance of the Ultra
Music Festival to Miami -Dade County as most of the jobs are generated in industries that
have been targeted as key for the economic development growth of the County by The
Beacon Council, Miami-Dade's economic development organization. A smaller, but
significant, number of jobs are also created in the Retail Trade, Wholesale Trade and
Transportation Services, Government, Construction and Manufacturing sectors.
B. The Operations and Visitor Expenditures Associated with the Ultra Music Festival
Generate Important Contributions to Labor Income in Miami -Dade County
Labor Income is defined as employment and proprietor income. Employment income is the
total amount of compensation provided to workers (wages and benefits) while proprietor
income is the income accrued by the owners of local firms and businesses. As quantified in
Table 4 below, the jobs created and supported by the Ultra Music Festival generate more than
$32 million in Labor Income each year. Direct impacts account for close to $19 million, or
55 percent of the total while indirect and induced impacts are responsible for the remaining
45 percent ($14 million). (See Table 2, page 9.)
Table 4. Labor Income Generated b the Ultra Music Festival ($ in Thousands)
Industry
Total Impact % of Total
Knowledge -Based Services $19,341 60
Visitor Industry 6,654 20
Retail Trade 3,568 11
Government & Other 1,260 4
Wholesale Trade & Transportation Services 1,131 3
Construction 217 1
Manufacturing 198 1
Total:
$32,370 100
Source: The Washington Economics Group, Inc. See Table A-2 in Appendix II.
Note: Total may not equal the sum of all because of rounding.
Figure 2 on the next page demonstrates that the Labor Income generated is concentrated in
two -targeted industry sectors. The Knowledge -Based Services sector significantly captures
more than $19 million, or 60 percent of the total Labor Income generated, while the Visitor
Industry captures close to $7 million, or 20 percent, of the Labor Income generated. The
Retail Trade, Government & Other, Wholesale Trade & Transportation Services,
Construction and Manufacturing sectors also benefit from the Festival's activities and its
visitors.
The Washington Economics Group, Inc. I Page 11
Labor Income Generated by Ultra Musk Festival
3% 1%1%
id Knowledge -Based Services
tit Visitor Industry
id Retail Trade
lit Government & Other
ii WholesaleTrade &
Transportation Services
jai Construction
aJ Manufacturing
Figure 2
Source: The Washington Economics Group, Inc.
C. The Operations and Visitor Expenditures Associated with the Ultra Music Festival
Generate Important Contributions to Gross Domestic Product (GDP)
The economic impact generated by the Ultra Music Festival includes the creation of value
added, or contributions to GDP. Gross Domestic Product, often referred to as value added by
economists, arising from the Festival is another measure of the economic development
benefits for Miami -Dade County that result from the Festival. Value added is the total
amount of GDP generated because of the Ultra Music Festival's operations and associated
visitor expenditures. GDP is the portion of business revenues that is available to pay
compensation to workers, capital income and indirect business taxes2. The activities of the
Ultra Music Festival generate close to $50 million in contributions to GDP each year. Direct
impacts are responsible for the generation of $25 million, while indirect and induced impacts
generate the remaining $25 million. (See Table 2, page 9.)
Table 5 and Figure 3 on the following page highlight the value-added impacts created by the
operations and visitor expenditures associated with the Ultra Music Festival. The
contributions to GDP generated by the Ultra Music Festival are concentrated in a few key
industry sectors. More than $29 million in contributions to GDP or 59 percent of the total are
generated in the Knowledge -Based Services sector. Slightly above $11 million, or 22
percent, are generated in the Visitor Industry and $5 million is generated in the Retail Trade
sector. Smaller but significant contributions to GDP are generated in the Government &
Other, Wholesale Trade & Transportation Services, Manufacturing and Construction sectors.
2 Value added also includes compensation to government workers.
The Washington Economics Group, Inc. I Page 12
Table 5. Gross Domestic Product (Value Added) Generated by the Ultra Music
Festival ($ in Thousands)
Industry
Total Impact % of Total
Knowledge -Based Services
Visitor Industry
Retail Trade
Government & Other
Wholesale Trade & Transportation Services
Manufacturing and Construction
$29,212 59
11,057 22
5,011 10
1,845 4
1,790 4
655 1
Total:
$49,570 100
Source: The Washington Economics Group, Inc. See Table A-3 in Appendix II.
22
Gross Domestic Product (Value Added) Generated by the
Ultra Music Festival
Knowledge -Based Services
FA Visitor Industry
td Retail Trade
tat Government & Other
W Wholesale Trade &
Transportation Services
Manufacturing and
Construction
Figure 3
Source: The Washington Economics Group, Inc.
D. The Total Economic Impact of the Ultra Music Festival is a Significant $79 Million
Annually
The total economic impact of the Ultra Music Festival amounts $79 million annually.
Through the Festival's activities, operations and out-of-town visitor expenditures, the Ultra
Music Festival is responsible for generating transactions among businesses in targeted
industries and also among consumers in Miami -Dade County that are valued at millions of
dollars in overall contributions. Of this total, $40 million or 51 percent is generated by direct
impacts, while an additional $39 million or 49 percent is generated through indirect and
induced impacts. (See Table 2, page 9.) Table 6 on the following page highlights the annual
total economic impact of the Ultra Music Festival.
The Washington Economics Group, Inc. I Page 13
Table 6. Total Annual Economic Impacts Generated by the Ultra Music Festival
($ in Thousands)
Industry Total Impact % of Total
Knowledge -Based Services $45,368 57
Visitor Industry 19,026 24
Retail Trade 7,124 9
Government & Other 3,015 4
Wholesale Trade & Transportation Services 2,556 3
Manufacturing 1,344 2
Construction 527 1
Total:
$78,960 100
Source: The Washington Economics Group, Inc. See Table A-4 in Appendix II.
As is the case with the employment, Labor Income and Value -Added created, the greater part
of the economic impact generated by the Ultra Music Festival in Miami -Dade County is
concentrated in the Knowledge -Based Services and Visitor Industry sectors. The Knowledge -
Based Services sector captures more than $45 million, or 57 percent, of the total economic
impact. The Visitor Industry captures over $19 million, or 24 percent of the total. The
remaining impact is distributed over the Retail Trade, Government & Other, Wholesale
Trade & Transportation Services, Construction and Manufacturing industry sectors, which
receive smaller, but still significant impacts from the Festival. Figure 4 below presents the
percentage distribution in each industry category.
Total Annual Economic Impacts Generated by the Ultra Music
Festival
Know ledge -Based Services
Visitor -Industry
tea Retail Trade
41 Government & Other
Wholesale Trade &
Transportation Services
Li Manufacturing
iJ Construction
Figure 4
Source: The Washington Economics Group, Inc.
The Washington Economics Group, Inc.
Page 14
E. The Operations and Visitor Expenditures Associated with the Ultra Music Festival
Generate Important Contributions to Public Revenues Each Year
In addition to the various economic impacts presented, the yearly presence of the Ultra Music
Festival in Miami -Dade County generates important fiscal revenues (the taxes and fees
collected by governments) for federal, state and local governments. The addition of jobs,
Labor Income and contributions to GDP in Miami -Dade County generates fiscal revenues in
the form of labor, capital, household, corporate and indirect business taxes. The economic
impacts generated by the Ultra Music Festival translate into a significant contribution of
close to $12 million in additional fiscal revenues each year as shown in Table 7. Of this total,
the federal government collects over $7 million while state and local government entities
collect more than $4 million.
Table 7. Fiscal Contributions Generated by the Ultra Music Festival Each Year
($ Thousands)
Taxes Paid By
Federal State/Local Total
Taxes Taxes Taxes
Labor
Capital
Indirect Business Taxes
Households
Corporations
Total:
$3,330 $26 $3,356
$181 $0 $181
$777 $4,167 $4,944
$2,120 $134 $2,254
$865 $52 $917
$7,273 $4,379 $11,652
Source: The Washington Economics Group, Inc. See Table A-5 in Appendix II.
The Washington Economics Group, Inc. 1 Page 15
APPENDIX I:
METHODOLOGY
The Washington Economics Group, Inc. I Page 16
IMPLAN MODEL
Economic models that explicitly account for inter -industry linkages (supply relationships);
the generation of labor and capital income and the spending of household income have been
used since the 1960's to estimate the contribution that a particular business or industry makes
to the general economy.
The multiplier impacts calculated by the IMPLAN model are based on input-output
methodology, which explicitly considers the inter -industry linkages that exist within an
economy. Each industry needs labor and inputs from other industries in order to produce
economic output. Whenever an industry experiences an increase in the demand for its
output, many other industries within that economy indirectly experience an increase in
demand as well because of these inter -industry linkages. This increase in demand that results
from the need for material inputs is called the indirect effects. In addition, an increase in
production within a region also leads to an increase in household income through the hiring
of workers, which in turn generates further demands for goods and services within the region.
Firms also need to expand their base of physical capital to meet higher levels of demand, and
this too stimulates regional economic growth. The latter effects are referred to as induced
effects. The inter -industry linkages and the induced effects on consumer and capital spending
lead to successive rounds of production, and this process results in an increase in output that
exceeds the initial change in demand, or a multiplier effect. Similarly, the increase in
household income will exceed the initial payroll increase encountered in the industry that
experienced the original increase in demand. The total change in employment in the regional
economy is a multiple of the direct change in employment.
The total quantitative economic contribution of these activities, therefore, is comprised of a
direct effect, and indirect effect and an induced effect. The following represents the system of
equations that comprise the regional economy in an extended input-output model like
IMPLAN:
x1 = a11x1 + a12x2 + a13x3 + ••• + alkxk + alhxh + alixi + fl
x2 = a21x1 + a22x2 + a23x3 + ... + a2kxk + a2hxh + a2Ix1 + f2
x3 = a31 xl + a32 x2 + a33 x3 + ... + a3kxk + a3hxh + a3ixi + f3
xk = ak1x1 + ak2x2 + ak3x3 + ••• + akkxk + akhxh + akixi + fk
Xh = ahlxl + ah2x2 + ah3xh ahk xk ahhxh ahi xi + fh
xi = ai1x1 + ai2x2 + ai3xh + ... + ark xk + aih xh + air xi + fi
The Washington Economics Group, Inc.
1Page17
The variables xi to xk represent total production of output in each industry. The coefficients
represent the purchases from industry "i" that are needed to produce a dollar of output in
industry "j". These are known as the direct requirement coefficients. The variable xh refers
to household income and the coefficients al refer to the average amount of household
income spent on purchases from industry "i", or the average propensities to consume. The
coefficients ah; are similar to the inter -industry purchases (a;j's), but they represent the
household income that is generated from each dollar of output produced in industry "i".
Similarly the variable xi represents regional spending on capital goods, and the coefficients ark
represents the spending on capital goods for each dollar of output produced in industry "j".
The coefficients air represent the amount purchased from industry "j" for each dollar spent on
capital goods within the region. The variables fi represent the exogenous final demand faced
by each industry, respectively.
This system of equation reduces, using matrix notation, to the following solution for industry
output and household income:
X is the vector of industry outputs plus household income and F is a vector of exogenous
final demands. The "output multipliers" (i.e., the change in industry output and household
income that results from a change in final demand for the output of a particular industry) are
given in the columns of the (I-A)-1 matrix. The IMPLAN software calculates these
multipliers for counties, states and other sub -state regions. These multipliers can be used to
provide a sense of the economic importance of an industry or an economic activity in a given
region. The multipliers impacts for gross state product, labor and capital income and the
government revenue impacts are derived from the basic output multipliers given by (I-A)-1.
The IMPLAN model uses historical relationships between public -sector revenues and
regional economic output in order to estimate the public -sector revenue impact resulting from
the establishment of a new, or the expansion of an existing economic activity.
The Washington Economics Group, Inc. Page 18
APPENDIX II:
ECONOMIC GLOSSARY
The Washington Economics Group, Inc. I Page 19
DEFINITIONS OF ECONOMIC TERMS USED IN THE ANALYSIS
Employment Total of full-time or part-time jobs.
All forms of employment income, including Employee
Labor Income Compensation (wages and benefits) and Proprietor Income.
Gross Domestic Product (GDP) The increased value of a product as a result of the economic
inputs (labor and capital) expended at a given stage. In the
IMPLAN Model, GDP is the sum of: Employee Compensation,
Proprietor Income, Other Property Type Income (Interest) and
Indirect Business Taxes.
Economic Impact Total value of all transactions attributed to an activity.
Direct Effects The set of expenditures applied to the predictive model (i.e., I/O
multipliers) for impact analysis. It is a series (or single) of
production changes or expenditures made by.
producers/consumers as a result of an activity or policy. These
initial changes are determined by an analyst to be a result of this
activity or policy. Applying these initial changes to the multipliers
in an IMPLAN model will then display how the region will
respond, economically to these initial changes.
Indirect Effects The impact of local industries buying goods and services from
other local industries. The -cycle of spending works its way
backward through the supply chain until all money leaks from the
local economy, either tluough imports .or by paynients to value
added. The impacts are calculated by applying Direct Effects to
the Type I Multipliers.
Induced Effects The response by an economy to an initial. change (direct effect)
that occurs through re -spending of income received by a
component of value added. IMPLAN's default multiplier
recognizes that labor income (employee compensation. and
proprietor income components of value added) is not a leakage to
the regional economy. This money is re -circulated through the
household spending patterns causing .further local economic
activity.
Source: IMPLAN Glossary: http://implan.com/v4/index.php?option=com glossary&Itemid=12,
The Washington Economics Group, Inc.
Page 20
APPENDIX III:
DETAILED IMPACT TABLES
The Washington Economics Group, Inc. Page 21
DETAILED IMPACT TABLES
Within the main portion of the Study the economic impacts are presented at a summary level. Direct,
Indirect, and Induced Impacts are aggregated into the Total Impact, and Industries are summarized by
function. The following Tables present detailed impacts at the two -digit NAICS industry
classification level.
The following industry sector summarization are used in this Study:
1. Government & Other is the sum of: Agriculture & Forestry, Mining, Utilities, Company
Management, and Government & Other.
2. Knowledge -Based Services is the sum of: Information, Finance & Insurance, Real Estate,
Professional Services, Administrative, Educational Services, Health & Social Services, Arts,
Entertainment & Recreation, and Other Services.
3. Wholesale Trade & Transportation Services is the sum of: Wholesale Trade, and
Transportation & Warehousing.
4. The Accommodation and Food Services sector was renamed Visitor Industry.
Ultra Music Festival Economic Impacts
Table A-1. Permanent Jobs Supported by the Ultra Music Festival 23
Table A-2. Labor Income Generated by the Ultra Music Festival 24
Table A-3. Gross Domestic Product (Value -Added) Generated by the Ultra Music Festival 25
Table A-4. Total Economic Impacts Generated by the Ultra Music Festival 26
Table A-5. Fiscal Contributions Created by the Ultra Music Festival 26
The Washington Economics Group, Inc. Page 22
ULTRA MUSIC FESTIVAL ECONOMIC IMPACTS
Table A-1. Permanent Jobs Supported by the Ultra Music Festival
Industry
Impacts
Direct Indirect Induced Total
Agriculture & Forestry 0 0 1 1
Mining 0 0 0 0
Utilities 0 1 1 2
Construction 0 3 1 4
Manufacturing 0 2 2 4
Wholesale Trade 0 2 6 8
Retail Trade 79 1 33 112
Transportation & Warehousing 0 7 6 13
Information 0 6 3 9
Finance & Insurance 0 8 18 26
Real Estate 11 12 12 34
Professional Services 0 16 8 25
Company Management 0 3 1 4
Administrative 0 28 12 39
Educational Services 0 1 8 8
Health & Social Services 0 0 44 44
Arts, Entertainment & Recreation 308 9 5 322
Accommodation & Food Services 199 7 19 225
Other Services 0 7 21 29
Government & Other 0 3 3 6
Total:
Source: The Washington Economics Group, Inc.
WexenVeal
597 116 204 915
The Washington Economics Group, Inc. Page 23
Table A-2. Labor Income Generated by the Ultra Music Festival
Industry
Agriculture & Forestry
Mining
Utilities
Construction
Manufacturing
Wholesale Trade
Retail Trade
Transportation & Warehousing
Information
Finance & Insurance
Real Estate
Professional Services
Company Management
Administrative
Educational Services
Health & Social Services
Arts, Entertainment & Recreation
Accommodation & Food Services
Other Services
Government & Other
Total
Direct
0
0
0
0
0
0
2,423,551
0
0
0
552,709
0
0
0
0
0
8,974,133
5,987,078
0
0
Impacts
Indirect
5,014
3,841
111,481
130,386
97,539
161,193
31,584
300,038
527,484
575,771
325,678
1,204,592
379,701
704,816
23,118
178
266,358
Induced
22,557
4,011
76,187
86,440
100,905
427,304
1,113,145
242,713
244,085
1,204,875
324,965
634,115
106,887
293,415
350,443
2,188,738
153,088
187,479 479,841
217,989 574,626
296,335 253,774
$17,937,371 $5,550,575 $8,882,114
Total
27,571
7,852
187,668
216,826
198,445
588,497
3,568,180
542,752
771,569
1,780,646
1,203,352
1,838,707
486,588
998,231
373,561
2,188,916
9,393,579
6,654,398
792,615
550,108
$32,370,061
Source: The Washington Economics Group, Inc.
The Washington Economics Group, Inc.
Page 24
Table A-3. Gross Domestic Product (Value -Added) Generated by the Ultra Music Festival
Industry
Impacts
Direct Indirect Induced Total
Agriculture & Forestry
Mining
Utilities
Construction
Manufacturing
Wholesale Trade
Retail Trade
Transportation & Warehousing
Information
Finance & Insurance
Real Estate
Professional Services
Company Management
Administrative
Educational Services
Health & Social Services
Arts, Entertainment & Recreation
Accommodation & Food Services
Other Services
Government & Other
Total
0 7,510 34,280 41,791
0 7,605 7,971 15,576
0 452,647 307,090 759,736
0 164,955 104,299 269,253
0 150,999 234,387 385,386
0 286,705 760,022 1,046,728
3,429,011 43,023 1,538,556 5,010,589
0 405,446 337,823 743,269
0 913,814 560,614 1,474,428
0 966,012 1,878,821 2,844,833
1,383,994 1,735,110 3,936,381 7,055,486
0 1,534,284 819,707 2,353,991
0 426,878 120,168 547,045
0 848,988 356,211 1,205,199
0 22,895 328,481 351,376
0 221 2,373,418 2,373,638
10,083,548 344,614 251,328 10,679,490
10,073,769 277,888 705,821 11,057,478
0 259,656 614,213 873,869
0 271,546 209,736 481,282
$24,970,322 $9,120,796 $15,479,327 $49,570,443
Source: The Washington Economics Group, Inc.
The Washington Economics Group, Inc. I Page 25
Table A-4. Total Economic Impacts Generated by the Ultra Music Festival
Industry
Agriculture & Forestry
Mining
Utilities
Construction
Manufacturing
Wholesale Trade
Retail Trade
Transportation & Warehousing
Information
Finance & Insurance
Real Estate
Professional Services
Company Management
Administrative
Educational Services
Health & Social Services
Arts, Entertainment & Recreation
Accommodation & Food Services
Other Services
Government & Other
Total
Impacts
Direct Indirect Induced
0 12,354 56,462
0 20,770 23,311
0 537,437 378,519
0 332,247 194,502
0 535,999 807,888
0 342,159 907,025
4,840,973 62,277 2,220,633
0 701,575 605,030
0 1,787,514 1,011,136
0 1,698,034 3,523,807
2,187,128 2,067,872 4,542,858
0 2,072,247 1,095,978
0 666,509 187,625
0 1,449,444 607,110
0 38,068 587,196
0 431 4,131,816
15,708,553 644,123 408,992
17,322,893 480,937 1,222,060
0 520,565 1,285,099
0 518,758 613,289
$40,059,547 $14,489,320 $24,410,336
Total
68,815
44,081
915,956
526,749
1,343,887
1,249,184
7,123,883
1,306,605
2,798,651
5,221,841
8,797,858
3,168,225
854,133
2,056,553
625,264
4,132,247
16,761,668
19,025,890
1,805,663
1,132,047
$78,959,200
Source: The Washington Economics Group, Inc.
Table A-5. Fiscal Contributions Created by the Ultra Music Festival
Taxes Paid By
Labor
Capital
Indirect Business Taxes
Households
Corporations
Total:
Federal Type
Taxes
$3,330,550
$180,559
$776,567
$2,120,313
$864,979
$7,272,968
State / Local
Type Taxes
$26,154
$0
$4,167,079
$133,524
$52,374
Total
Taxes
$3,356,704
$180,559
$4,943,646
$2,253,837
$917,353
$4,379,131 $11,652,099
Source: The Washington Economics Group, Inc.
The Washington Economics Group, Inc.
Page 26
APPENDIX IV:
THE WASHINGTON ECONOMICS GROUP, INC.
PROJECT TEAM AND QUALIFICATIONS
The Washington Economics Group, Inc. I Page 27
J. ANTONIO "TONY" VILLAMIL
Principal Advisor, The Washington Economics Group (WEG).
Dean, School of Business of St. Thomas University of Florida
Tony Villamil has over 30 years of successful career as a business economist, university educator
and high-level policymaker for both federal and state governments. He has served as a
Presidential appointee US Undersecretary of Commerce for Economic Affairs, and he is the
founder of a successful economic consulting practice, The Washington Economics Group, Inc.
(WEG). Since August 2008, Tony is the Dean and Research Professor of Economics at the
School of Business of St. Thomas University, while continuing to serve as Principal Economic
Advisor to the clients of WEG.
Tony is a recent member of the President's Advisory Committee on Trade Policy and
Negotiations in Washington, D.C. He is the immediate past Chairman of the Governor's Council
of Economic Advisors of Florida, and during 1999-2000, he directed the Tourism, International
Trade and Economic Development Department of the State in the Office of Governor Jeb Bush.
Presently, he is on the Board of Directors of the Spanish Broadcasting System (NASDAQ),
Mercantil Commercebank, N.A., Pan-American Life Insurance Group (PALIG) and Enterprise
Florida — the State's principal economic development organization.
Among other leadership positions, he is currently Chairman of the Economic Roundtable of the
Beacon Council Miami -Dade County's official economic development organization. He also
serves as Senior Research Fellow of Florida TaxWatch, an established fiscal and policy research
organization of the State. Tony is a member of the Superintendent's Business Advisory Council
of Miami -Dade County Public School System; one of the largest school systems of the nation.
Mr. Villamil earned bachelor and advanced degrees in Economics from Louisiana State
University (LSU), where he also completed coursework for the Ph.D. degree. In 1991, Florida
International University (FIU) awarded him a doctoral degree in Economics (hc), for
"distinguished contributions to the Nation in the field of economics." He speaks frequently to
business, government and university audiences on economic topics, and was until the summer of
2008 a member of the Graduate Business Faculty of Florida International University (FIU).
PABLO CEPEDA
Associate Consultant for Economics
Pablo Cepeda is an Associate Consultant for Economics at The Washington Economics Group
(WEG). In this role, Pablo serves as an economic consultant to WEG clients, providing expert
economic analysis for business and public policy decision -making.
Pablo received his Bachelors of Science Degree in Economics and International Affairs and his
Masters Degree in Applied Economics from Florida State University.
The Washington Economics Group, headquartered in Coral Gables, Florida, has been
successfully meeting client objectives since 1993 through strategic consulting services for
corporations and institutions based in the Americas. The Group has the expertise, high-level
contacts, and business alliances to strengthen a firm's competitive position in the rapidly
expanding market places of Florida and Latin America.
MARY SNOW
Managing Director of Client Services
Mary Snow is the Managing Director of Client Services at The Washington Economics Group, Inc.
(WEG). She serves as WEG's client liaison, working with clients to facilitate their business interests
and achieve their goals.
Prior to joining WEG, Mary was a governmental consultant for Robert M. Levy & Associates with
offices in Miami and Tallahassee. She represented clients' interests at the local level and to the State
Legislature.
Mary received her undergraduate degree in Political Science with a minor in Education from Florida
State University. Mary is a resident of Coral Gables, Florida.
HAYDEE M. CARRION
Executive and Senior Research Assistant
Ms. Carrion has been Executive Assistant to Dr. Villamil since the firm's founding in 1993. Ms.
Carrion is a specialist in multi -media presentations and in the preparation and design of reports and
documents for clients.
She also is the Senior and Project Research Assistant and has extensive experience in the preparation
of electronic data, presentation of quantitative information, Internet research and desktop publishing.
Haydee has been with WEG for 19 years. Ms. Carrion holds AA and AS degrees in Business
Administration and Office System Technologies from Miami -Dade College. Haydee is a resident of
Miami -Dade County.
The Washington Economics Group (WEG) has been successfully meeting client objectives
since 1993 through economic consulting services for corporations, institutions and governments
of the Americas. We have the expertise, high-level contacts, and business alliances to strengthen
your competitive positioning in the growing marketplaces of Florida and Latin America.
Our roster of satisfied clients, over the past eighteen years, includes multinational corporations,
financial institutions, public entities, and non-profit associations expanding their operations in the
Americas.
EXCLUSIVE CONSULTING APPROACH:
Each client is unique to us. We spend considerable time and effort in understanding the
operations, goals, and objectives of clients as they seek our consulting and strategic advice. We
are not a mass -production consulting entity nor do we accept every project that comes to us. We
engage a limited number of clients each year that require customized consulting services in our
premier areas of specialization. These premier and exclusive services are headed by former US
Under Secretary of Commerce, Dr. J. Antonio Villamil, with over thirty years of experience as a
business executive and as a senior public official of the US and most recently of Florida.
PREMIER CONSULTING SERVICES:
Comprehensive Corporate Expansion Services. Our seamless and customized service
includes site selection analysis, development of incentive strategies and community and
governmental relations.
Economic Impact Studies highlight the importance of a client's activities in the generation of
income, output and employment in the market area serviced by the entity. These studies are also
utilized to analyze the impact of public policies on key factors that may affect a client's activities
such as tax changes, zoning, environmental permits and others.
Strategic Business Development Services. These services are customized to meet client
objectives, with particular emphasis in the growing marketplaces of Florida, Mexico, Central and
South America. Recent consulting assignments include customized marketing strategies, country
risk assessments for investment decisions and corporate spokesperson activities and speeches on
behalf of the client at public or private meetings.
For a full description of WEG capabilities and services,
please visit our website at:
www.weg.com
The Washington Economics Group, Inc.
Representative Client List
1993-2012
Multinational Corporations
Lockheed Martin
FedEx Latin America
IBM
Motorola
SBC Communications
Ameritech International
Lucent Technologies
MediaOne/AT&T
Joseph E. Seagram & Sons, Inc. (Vivendi)
Microsoft Latin America
Carrier
Medtronic
Phelps Dodge
Esso Inter -America
Visa International
MasterCard International
Telefonica Data Systems
Bureau Veritas (BIVAC)
Merck Latin America
DMJM & Harris
DLA Piper
Wilbur Smith Associates
PBSJ
Genting Group
Odebrecht Construction, Inc.
DLA Piper
Florida -Based Corporations
The Allen Morris Company
Sprint of Florida
Florida Marlins
Flo -Sun Sugar Corp.
Farm Stores
The BMI Companies
Dosal Tobacco
Miami Dolphins
Spillis Candela & Partners
The Biltmore Hotel/Seaway
Trammel Crow Company
Communikatz
Advantage Capital
WCI Development Companies
Iberia Tiles
Ron Sachs Communications
SEUI Healthcare Florida
Florida Hospital
Mercy Hospital
The St. Joe Companies
Florida Power & Light (FPL)
International Speedway Corporation
Resorts World Miami (RWM)
Jungle Island
Financial Institutions
International Bank of Miami
Pan American Life
ABN-AMRO Bank
Barclays Bank
Lazard Freres & Co.
Banque Nationale de Paris
HSBC/Marine Midland
Fiduciary Trust International
Sun Trust Corporation
First Union National Bank (Wachovia)
Union Planters Bank of Florida (Regions)
Bank Atlantic Corp.
Hemisphere National Bank
BankUnited, FSB
Mercantil Commercebank N.A.
PointeBank, N.A.
The Equitable/AXA Advisors
Public Institutions, Non -Profit Organizations and
Universities
Baptist Health South Florida
Jackson Health Systems
Miami -Dade Expressway Authority
Miami -Dade College
Miami Museum of Science
Port of Miami
Zoological Society of Florida
Florida International University
University of Miami
University of Miami's Rosenstiel School of Marine and
Atmospheric Science
Universidad Politecnica de Puerto Rico
Sistema Universitario Ana G. Mendez (SUAGM)
Keiser University
St. Thomas University
Full Sail Real World Education
Florida Agricultural & Mechanical University (FAMU)
University of South Florida/ENLACE
Alabama University
Embry -Riddle Aeronautical University
Sylvester Comprehensive Cancer Center
Inter -American Development Bank (IDB)
United Nations Economic Development Program (UNDP)
Florida League of Cities
The Florida Chamber Foundation
Florida Retail Association
Florida Ports Council
Florida Sports Foundation
Florida Citrus Mutual
Florida Nursing Homes Alliance
Florida Bankers Association
Florida International Bankers Association (FIBA)
Non Florida -Based Institutions
Georgia Retail Federation
Illinois Retail Merchant Association
Washington Retail Association
Indiana Retail Council
Florida Outdoor Advertising Association
City of Plantation
City of West Palm Beach
Economic Development Commission of Lee County
Economic Development Commission of Miami -Dade
(Beacon Council)
Economic Development Commission of Mid -Florida
Jacksonville Chamber of Commerce
SW Florida Regional Chamber of Commerce
Enterprise Florida, Inc.
The Beacon Council
Visit Florida
Louisiana Committee for Economic Development
Space Florida
State of Florida
Flagler Development
Tampa -Hillsborough Expressway Authority