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HomeMy WebLinkAboutBack-Up Agreement FRMANAGEMENT AND OPERATING AGREEMENT BY AND BETWEEN THE CITY OF MIAMI, a municipal corporation of the State of Florida and MUSEUM PARK CONSERVANCY, a Florida not -for -profit corporation , 2015 #4435018 v8 TABLE OF CONTENTS Page ARTICLE 1 DEFINED TERMS 2 1.01 Defined Terms 2 1.02 References 7 ARTICLE 2 TERM 8 ARTICLE 3 FUNDING 8 3.01 Capital Funding 8 3.02 Funding for Operations 9 ARTICLE 4 DESCRIPTION OF PARK COMPONENT IMPROVEMENTS 9 4.01 Ownership 9 4.02 Intent 10 4.03 Development Plan 10 4.04 Phased Development 10 ARTICLE 5 PARK IMPROVEMENTS 11 5.01 Development of Park Improvements. 11 5.02 The Site 11 5.03 Existing Environmental Reports 11 5.04 Scope of Environmental Due Diligence 11 5.05 Remediation/Mitigation Disclosed in the Environmental Due Diligence Report 11 5.06 Site Conditions 12 5.07 Development Requirements 12 5.08 Access to Site 12 ARTICLE 6 DESIGN 13 6.01 Implementation of Master Plan 13 6.02 Engagement of Architect 13 6.03 Architectural Style 13 6.05 Amendment to Development Plan 13 6.05 Design Professionals 14 6.06 Design Documents 14 6.07 Use of Plans 15 114435018 v8 1 ARTICLE 7 CONSTRUCTION 15 7,01 Construction Administration 15 7.02 Construction Manager 17 7.03 General Contractor 18 7.04 Change Orders 19 7.05 Permitting 19 7.06 Procurement of Construction Materials 19 7.07 Construction. 19 7.08 Punch List 19 7.09 Warranties 20 7.10 Liens 20 ARTICLE 8 OPERATING SERVICES 20 8.01 During Transition Period 20 8.02 After Transition Period 20 8,03 General Standards For Maintenance 21 8.04 Programming and Operations. 22 8.05 Concessions 23 8.06 Drug Free Workplace 23 8.07 Compliance with Florida Statutes 255.60 .23 ARTICLE 9 APPROVALS AND CONSENTS 24 ARTICLE 10 INSURANCE 24 10.01 Insurance 24 10.02 General Insurance Provisions 25 10.03 Hold Harmless/Indemnity Relative to Construction & Design Professionals, 26 10,04 Hold I-Iarmless/Indemnity - General .26 ARTICLE 11 REPRESENTATIONS, WARRANTIES AND COVENANTS 27 11,01 City Representations, Warranties and Covenants 27 11,02 Conservancy Representations, Warranties and Covenants 27 11,03 Mutual Covenants, 28 #4435018 v8 11 ARTICLE 12 DEFAULT 29 12.01 Conservancy Default 29 12.02 City Default 29 12.03 Force Majeure 30 12,04 Obligations, Rights and Remedies Cumulative 30 12,05 No Indirect Damages 30 ARTICLE 13 PARTY REPRESENTATIVES 30 13,01 Designation of City Representative 30 13,02 Designation of the Conservancy Representative 31 ARTICLE 14 MISCELLANEOUS PROVISIONS 32 14,01 Sovereign Rights 32 14.02 No Partnership or Joint Venture 32 14.03 Prevailing Laws and Venue 32 14.04 Waiver of Jury Trial 33 14.05 Notices 33 14.06 Titles of Articles and Sections 34 14,07 Counterparts 34 14,08 Successors and Assigns 34 14.09 Construction and Interpretation 34 14.10 Attorneys' Fees 34 14.11 Entire Agreement 35 14.12 Incorporation of Provisions of the Leases by Reference 35 14.13 Assignments 35 14.14 Severability 35 14,15 Nonrecourse Liability of the Conservancy Personnel 35 14.16 Non -Recourse Liability of City Personnel 35 14,17 Exculpation of The Conservancy 36 EXHIBIT "A" LEGAL DESCRIPTION OF MUSEUM PARK 38 EXHIBIT "B" LEGAL DESCRIPTION OF PARK COMPONENT 39 EXHIBIT "C" DESCRIPTION OF EXISTING FACILITIES 40 #4435018 v8 1ii EXHIBIT "D" DESCRIPTION OF EXISTING FACILITIES 41 #4435018 v8 iv MANAGEMENT AND OPERATING AGREEMENT MUSEUM PARK This Management and Operating Agreement (the "Agreement") is made and entered into this day of , 2015 by and between the City of Miami, a municipal corporation of the State of Florida (the "City") and Museum Park Conservancy, Inc., a Florida not -for -profit corporation (the "Conservancy"). The City and the Conservancy constitute the "Parties". RECITALS A. WHEREAS, the City owns a parcel of land as "Museum Park", for which the legal description of t to this Agreement; and B. WHEREAS, Museum Park is an active, premier destination park, free and ope provements commonly known is set forth on Exhibit A attached ith the pots e public; and C. WHEREAS, the City intends toe Mus managed as a state-of-the-art park fo the benefit d space, waterfront views and the ameni s and programs D. WHEREAS, it is conte future site, structures and appurtenances E. WHE, of such a park create. F. WHEREA programrl indepej Code fq residents" a G. members of its Incorporation; and yf`not-fo ` t cure the ben visitors; and party core .4of th lity to fn, es to the *the City k; an to be transformed into an xn Park to esigned, built and F'dents and vis to enjoy green signature urban park; and d continue to own the current and and'iong term operating expenses ices of t'ity; esires t the design, construction, management us et flPark be handled by the Conservancy as an tion quads a c� Section 501(c)(3) of the Internal Revenue natory pailfor present and future generations of Miami ty Mayor and City Commission will appoint a portion of the etors in accordance with the Conservancy's Articles of H. WHEREA City Mayor and City Commission desire to obtain the benefit of professional management services from the Conservancy in connection with the design, construction, management, programming and fundraising for, Museum Park; and I. WHEREAS, the Conservancy, through its directors, executives, staff, and relationships with other organizations has expertise in fundraising and may enlist that experience and resources, including the fundraising resources of The Friends of Museum Park, a Florida not -for -profit corporation; and #4435018 v8 1 J. WHEREAS, the Conservancy intends to consult and co-operate with Bayfront Park Management Trust with respect to the transitional and long term programming, operation and vision for the Park Component so that the various elements under the jurisdiction of either entity will be operated efficiently and for the enhanced enjoyment of the residents of Miami; and K. WHEREAS, the City has entered into that certain Development Agreement for Museum Park Project dated July 9, 2009 between the City, Museum of Sciences, Inc., a Florida not -for -profit corporation and Miami Art Museum of Dade County Association, Inc., a Florida not -for -profit corporation (the "Museum Development Agreement") for the development of the "MAM Museum" and "MSM Museum" (as those terms are fined therein) within Museum Park, which developments been substantially completed - which Museum Development Agreement contemplated the subsequent development `' "Park Components" of Museum Park; and L. WHEREAS, the City and the Cori; the purpose of effecting the development of Components with the MSM Museum and enhance the enjoyment by the public of this civic racy desire ark Components; Museum portions et. NOW, THEREFORE, for a consideratib contained in this Agreement, the Cit 1.01 Define Agreement, the following meaningslow. reement" ni acknow1e4 , agree and a possessory ii est in the Pi Museum park ned by the that are not expre specified City from the Preis s the reaffirm they do not halt th ses does Conserver DEF dition to used in tl ter into this Agreement for to harmonize the Park useum Park and to e mutual promise 'and conditions ree as follows: other definitions contained elsewhere in this greement and its attachments, shall have the gement ah Operating Agreement. ". The parties expressly s Agreement does not transfer any leasehold estate or g any leasehold interest in subject Premises ( e.g. of confer a right to use the Premises for any purposes ein; and does not convey or transfer any right to exclude the servancy is not a tenant and the City and the Conservancy n the future a Landlord/ Tenant relationship. "Applicable Law" means any applicable law, statute, code, ordinance, administrative order, implementing order, charter, resolution, order, rule, regulation, judgment, decree, writ, injunction, franchise, approval, consent, permit or license, of any Governmental Authority, now existing or hereafter enacted, adopted, promulgated, entered, or issued. "Architect Contract" means one or more contracts between the Conservancy and the Architect providing the landscaping, architectural and engineering services for the Park #4435018 v8 2 Improvements. The Architect shall be certified under 481.219, Florida Statutes to practice Architecture . "Architect" means the Landscape Architect and the Improvements Architect, or both as context may require, or the sole architect if the same firm is used for the design of both landscaping and other Park Improvements, The Landscape Architect shall be certified under 481,319, Florida Statutes to practice Landscape Architecture, "Bayfront Park Management Trust" means Bayfront Park Management Trust, a limited agency of the Miami City Commission. "Business Day" means any day other than a Satur Miami -Dade County. If any time period set forth in thi Business Day, such period shall be extended to and t "Certificate of Occupancy" means a Authority permitting public occupancy and u "Change Order" means a written instr Construction Manager authorizing a age in the sd contract price and/or the date of Su r Completio may be. unday or legal or bank holiday in ent expires on a day other than a then t succeeding Business Day. *ate issued brelevant Governmental "the Park Improveme "City" shall mea Dade County, Florid terms of an express City Commission. "Comm applicable Phase physical construction eXity of Mi ithout fu pproval by the vancy and the -ork, the ConstruC= n Management the Park Improvements, as the case nicipalrporation located in Miami- o del ' ation in this Agreement in ment U = me action shall mean the Miami ection 13,01. uction" means a permit needed to begin construction of the rovements has been issued and the Conservancy has begun of the Park Improvements. "Commission" mean he Board of Commissioners of the City of Miami. "Conservancy" means Museum Park Conservancy, a Florida not -for -profit corporation and its permitted successors and assigns. The Conservancy is one of the Parties to this Agreement. "Conservancy Default" is defined in Section 12.01. "Conservancy Personnel" is defined in Section 14.15. #4435018 v8 3 "Conservancy Representative" is defined in Section 13,02, "Concessions" is defined in Section 8,05. "Construction Documents" means the architectural drawings, specifications and other documents, as may be amended from time to time in accordance with this Agreement, setting forth the design of the Park Improvements and the requirements for their respective construction in sufficient detail for the permitting and construction of the Park Improvements, "Construction Management Contract" means one Conservancy (as "Owner") and the Construction Manager(s) and/or general contracting services for the Park Improver "Construction Manager" means an entity orleri as the construction manager or general contractor general contracting services with regard to the a more contracts between the ding construction management provide co. uction of the Pi "Construction Schedule" means any ofr he cons (or portions of the Work) to be prepared by requirements of the Construction,; anagement Co accordance with Section 7,05. A n Schedul` Project Schedule adapted to a relevant hase of t "Contractor " e F the contra Conservancy and the . t ctor or as Construction manager 1 irm. The ntractor s all certifie engage in contracting. Docum "De lt? cans a "Desi the Architect or design and design"- Design Professionals requirements for certifica ofessionalsi'� Conservanc ted eng by the Conservancy to serve r\uction management and/or Iiprovements. truct n schedul relating to the Work o tion Manager pursuant to the s such schedulesfare updated in y consist of a portion of the Master ork, ore contracts between the it d Firm or as part of the der 481.119 , Florida Statutes to cy Default, e most rent from time to time) of the Schematic Design ans thechitect and the engineers and consultants retained by s the case may be, from time to time to provide architectural, ring services for the Park Improvements, In the event the sign Build Firm the Design Build Firm shall comply with the er applicable Florida Statutes "Development Plan" is defined in Section 4,03, "Development Requirements" is defined in Section 5,08, "Development Services" means the services rendered by the Conservancy under this Agreement in connection with the design and construction of the Park Improvements and the capital funding for the Park Improvements. "Effective Date" shall mean the date on which the City executes this Agreement. #4435018v8 4 "Engineer" means one or more contracts between the Conservancy and an Engineer to provide Engineering Services, The Engineer shall be certified under 471.023, Florida Statutes "Environmental Conditions" means any environmental pollution, flammable materials, explosives, radioactive materials, infectious waste, hazardous materials, hazardous wastes, hazardous or toxic substances, or environmental contaminants which are or become defined under any Applicable Law including, without limitation, the following statutes or ordinances and the regulations promulgated under their authority: (a) the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as amended (42 U.S.C. §§ 9601 et seq.); (b) the Hazardous Materials Transportation Act, as amended (49 U C. §§ 1801 et seq.); and (c) the Resource Conservation and Recovery Act of 1976, as ame U.S.C. §§ 6901 et seq.); (d) Florida Resource Recovery and Pollutant Spill Prevention and defined as "petroleum" or nt, or hazardous substance astes as defined in Fla. of the Miami -Dade the Water Pollution Control Act (33 U.S.C. § 1317); Management Act, Florida Statutes § 403.702-403.78 Control Act, Florida Statutes § § 376.011-376.21; "petroleum products" under Florida Statutes § as defined in Florida Statutes § 376.301 or FtO Stat § 403.031; and (i) ground or water pollu County Code. by math 1, (h) contain Statutes § 403.0 s defined by Section - "Environmental Due Diligen" defined in .03 "Existing Construction Docum prepared pursuant to the terms of a profd Robertson & Partners, owed by t "Force Maleit condition, flood, fire, e but not limited to t] disturban comma; corporation, "Funding "Governmenta governmental departmen instrumentality of any of them. means ift eniic, m the engiing and construction documents s agreebetween the City and Cooper o 08-406 on July 10, 2008, act of UQ ear hquake hurricane or other severe weather accident, plosion, casualty, labor controversy (including t>a1 locket boycott or strike), riot, terrorism, civil nflit?(or threats of the foregoing), delay of a other causeo causes of any similar nature. The Friends of Museum Park, a Florida not -for -profit n Article 3. ' means any federal, state, county, municipal or other y, authority, commission, board, bureau, court, agency, or any "Improvements Architect" means such architectural firm as the Conservancy or the City may retain as the principal architect for the Park Improvements other than the landscape improvements, and its respective successors or assigns. "Insurance Policies" is defined in Section 10,01 "Landscape Architect" means such firm as the Conservancy shall designate as the principal architects for the landscape design of the Park Component. #4435018 v8 5 "Lien" means any encumbrance, lien, lis pendens, security interest, pledge, easement, license, right-of-way, covenant, condition, restriction or claim in, to, against or in any way applicable to any portion of the Site or the Park Improvements. "Master Plan" means the Museum Park Master Plan prepared by Cooper Roberson & Partners, LLP, and accepted and approved by the City via Resolution No. 08-126 on March 13, 2008, as the same may be amended, substantially modified or replaced."Master Project Schedule" means the Project schedule using a critical path method, prepared by the Construction Manager, that identifies, coordinates and integrates the anticipated design, as necessary or applicable, and construction milestones for the applica e\ Phase of the Project, the Conservancy's responsibilities, Governmental Authority nr s and other activities as are necessary for the timely completion of the Work, as sued ; dule shall be revised and updated in accordance with Section 6.05(c). "Museum Park" is identified in Recital A. "Museum Park Liaison Committee" nwa s the committee formed: t psuant to Article 13, "Operating Commencement Date" is define "Operating Services" mean Agreement in connection with the op Phase of the Work and the ongoing fu date, "Ordinance"yin`+ policies relative to thi ns City greement. ervices re d by the Conservancy under this e Park Co,i i nent upon completion of the first Rperatiofigthe Park Component after that nances ' which"' slatively implement certain City "Pa X°F p nent" gyp of �eum Park, consisting of approximately 21 acres w� hr e to l us to .jc facile at are capable of seating at least 5000 people in a ermat Qnent is i-fied in Exhibit "B". and construct ± provements3, i n the Park Co means tha rovements and amenities to be designed, developed onent purssuant to this Agreement. "Party" mefiie City, Conservancy or both as context may require. "Person" means `may al person, partnership, association, corporation, limited liability company, trust, public body uthority, governmental unit or other entity. "Phase" refers to a portion of the proposed Park Improvements. "Project" means the design, renovation, development and construction of the Park Improvements on the Park Component in accordance with this Agreement. "Project Budget" means the capital budget, as it may be modified from time to time, for the Project or any Phase thereof. #4435018 v8 6 "Project Coordination Team" is defined in Section 7,05, "Remediation Costs" means only the costs of correcting, eliminating, monitoring, remediating, or mitigating, any Environmental Conditions present on the Site as required by Applicable Law. "Resolution" means Resolution No. "Schematic Design Documents" means the then current conceptual design documents of the Park Improvements, as may be amended from time tp. time in accordance with this Agreement, illustrating the scale and relationship of the compt?, `ts of the Park Improvements, "Site" means the area of land described in Exhi "Site Conditions means any site conditions other than ..Environmental Conditions, including (i) subsurface or otherwise conceale s cal condition .ch differ materially from those indicated or assumed in the Constructio n cuments; and (ii) u wn physical conditions of an unusual nature which differ materially ff®, those ordi Zarily foun exist and generally recognized as inherent in construction activities of char. � provided for .> c he Construction Documents. "State" means the State of Flo "Substantial Mo programmatic elementti b a permanent &Mill functionality of' a prog temporary private event be for use o= security ko ) Park (other than durin 'oc provided under this Agre 50% o from th c oncept origin Section 6.04 ofs Agreemen "Term" me Article 2, as context m deleti� matic e' Bch a t); of Yappro cation" shal ter Plan change ent from., erwise p yer, in or deletion of any single of ltich exceeds $3,000,000,00; aster which would change the use or hlic to private use (other than the occasional fitted under this Agreement) or which would ental uses for ingress, egress, maintenance, emed tae this clause); (c) prevent public access to the sure for 0 ' struction, repair, maintenance or as otherwise wire the modification of the Master Plan by more than (or most recently approved) by the City, as set forth in initial term and/or any of the renewal terms described in "Transition Period" idefined in Article 2. "Work" means all work to be performed to construct the Park Improvements, or any Phase thereof, in accordance with this Agreement. 1,02 References. All references in this Agreement to particular sections or articles shall, unless expressly otherwise provided or unless the context otherwise requires, be deemed to refer to the specific sections or articles in this Agreement. The words "hereof", "herein", "hereunder" and words of similar import refer to this Agreement as a whole and not to any particular section or article. All pronouns and variations thereof used in this Agreement shall, #4435018 v8 7 regardless of the pronoun actually used, be deemed to refer to the masculine, feminine, neuter, singular or plural as the identity of the person or entity may require in the context in which such pronoun is used. "Exhibits" refers to the exhibits attached to the body of this Agreement. Exhibits constitute part of this Agreement. ARTICLE 2 TERM The City hereby engages, and the Conservancy hereby accepts such engagement, the Conservancy to act as the developer of the Park Compone 'accordance with the terms and conditions of this Agreement and in accordance wi licable laws, codes, rules and regulations which have jurisdiction over the mattersE ` r erein. The initial Term of this Agreement with respect to the Development Services shall �c enee on the Effective Date. The initial Term of this Agreement with respecttt t1e Operating vices shall commence upon the breaking ground or initial commencement o nstruction completionof the first Phase of the Park Improvements, which is anticipated to cur on or about eighteen (18) months from the Effective Date. The Parties agree to execute a ke ment c firming such commencement date (the "Operating Commencement Date") after it has r he initial tern ` C this Agreement tt shall expire on the tenth anniversary the Effective Date and the Operati "Transition Period." Provided that t Agreement shall may be extended for th Manager gives the Con exv t y written months prior to the terminate this Agree (180) days prior writte r convenience the Con r\ Florid represe City or the in termination rr% time up gre tanicipal corporation ns under claus(a), nservancy sha pursuant to Operating encement tit is then. Terms s tncement Date. Th`period between e is sometimes referred to as the good standing the Term of this (10) years each, if the City it to renew at least six (6) then cui tkitl o al Term. The Conservancy may enience at a y time upon of less than one hundred eighty e City. e City may terminate this Agreement for its one h ed eighty (180) days prior written notice to nateat any time the City ceases to exist as a e quail fi a ns of the Conservancy as set forth in its (c) of Section 11.02 cease to be true and correct. The ny recourse, redress or remedy against the other for a of this Article. ARTICLE 3 FUNDING 3.01 Capital Funding The Conservancy shall develop a capital funding plan for the Park Improvement (the "Funding Plan") which shall include projected costs and draw down schedules for City, private sector pledges, permitted financings and other funding for the design, development and construction of the Park Improvements. The Conservancy shall use diligent, commercially reasonable efforts to secure funds sufficient to pay such design, development and construction costs, as and when due pursuant to the terms of this Agreement and the Construction Management Contract. The Funding Plan shall be prepared in consultation with the City and the Conservancy shall give due consideration to comments made by the City. The #4435018 v8 8 Parties anticipate that the Conservancy shall receive capital funds from individuals, businesses, foundations and other entities for private sector funding for some of the Park Improvements, and that the agreements with such donors may include naming rights with respect to certain components of the Park Improvements where the amount of the funding is sufficiently large to justify naming rights as an inducement to the grant. Any agreements to establish naming rights shall be made in consultation with the Miami City Commission and City Manager . The Conservancy may also seek funding and grants from other governmental agencies. The City agrees that it shall use reasonable good faith efforts to obtain funding from its allocated and available revenues of its own and other sources (including funding from other agencies such as the Omni Community Redevelopment Agency and Miami -Dada County ) in order to complete the Park Improvements. No real property in Museum Parl ay be used to secure any debt nor shall this or any other property owned by the City an agency / instrumentality of the City be used to secure any debt nor will such p ; K t £, otherwise liened, pledged or encumbered.. The Funding Plan shall reflect all a ci ,x ted soli and uses of funds, and shall identify any dedicated grants which include n . rights or o : restrictions or conditions. The Funding Plan may suggest phasing of v ,: o s components of' the rk Improvements and propose alternative funding sources or cue- features for future etermination. The Conservancy may revise the Funding Plan from to time, circumstances ay require. The Funding Plan shall serve as the initial Projects T ° e Conservancy's _ , acting as the developer under this Agreement, w: private and public sources. With nil Parties, the Conservancy shall provide has received written pled e .;or gift agre amount of not less Million Conservancy shall d velop on got g or sub later Phases of the Prof e recipien o lunding for the Project from various days of t xecution of this Agreement by all th document ` evidence that the Conservancy trd parts for the Project in an aggregate Fousan "'Dollars ($7,500,000). The ing Plans from time to time for 3.02 a in for er h s e Conservancy also shall prepare, for each year during the Ter trating c menc'efat*an annual operating budget for the Park Comp d " showing th source ci applicalfd''x - Hof all operating funds. The Parties anticipate that theConservancy shallreceive operating funds from individuals, businesses, foundations and other entities or private sefunding(which may include the Friends of Museum Park), as well as fundingom the Cit e Co u ty, and other governmental agencies in amounts, and subject to conditionsto be det coed from time to time during the Term of this Agreement. The Conservancy, 'ts operpn of the Park Component, may generate fees from users, vendors, special even , d sp r ors, which fees shall be used for the expenses of operating the Park Component. The er ancy shall also seek to establish operating endowments and other sources of operating funds or some of the Park Improvements, and that the agreements with such donors may include naming rights or other consideration. ARTICLE 4 DESCRIPTION OF PARK COMPONENT IMPROVEMENTS 4.01 Ownership. The Conservancy shall cause the Park Component to be developed and improved by the Construction Manager and their consultants and contractors as a municipal park, and shall continue to be owned at all times by the City. At all times, the City shall own all #4435018 v8 9 Park Improvements developed pursuant to this Agreement, including any structures, permanent fixtures, furniture, other improvements, and equipment affixed permanently to the Site. 4.02 Intent. The Conservancy and the City agree and recognize that the development of the Park Improvements as set forth within this Agreement is intended to: (a) ensure that the Park Component remains an attractive destination in order to provide recreation for its visitors, stimulate the local economy, showcase the City and enhance the City's reputation as an international tourism destination; and (b) create new and attractive recreational features and enhance the public's ability to use and enjoy the Park Component throughout the year. 4.03 Development Plan. The Development Plan z Development Plan") for the Park Improvements identified in the original plans developed Al ooper Robertson & Partners, LLP (the "Master Plan") will be created by the ConservancyCation with the City. As part of the Development Plan, the Conservancy shall e ea e "B hag Program" and a separate "Existing Facilities Program." A description o existing fac > ti s and features of the Park Component is set forth in Exhibit "C". The B .iil ` ng Program shall iris ` t orate the Funding Plan and shall identify the proposed Park Improveik is identified in the Plan. The Existing Facilities Program shall document and analyze c xisting ; to of the Park..including existing improvements and natural conditions on the Site Co ancy shall esI ' ;h the elements to be included in the Developn-te to l , The De o e ent Plan shall inc uude a narrative description of' the renovations, ents anc`F. kkstruction constituting the Park Improvements. The narrative description i�rlf ded to add "ess the development, sequencing and modification of' the various prograt ^. atic el f e is ide ti t red in the Master Plan, which elements constitute the ovements n erea < y" e evel _: -tent Plan, the Conservancy shall be governed by . Mas an and sh 2 such*adjustments to the same necessary to effectuate the design , t of the ester Plan `` le accounting for those programmatic elements that have already be onstrl d or whi have been superseded by improvements subsequentlytcooleted b = ding th existing Facilities described in Exhibit "C". The Con W ? 4 also consult an p 11for other premier urban parks and consult such e s as the e vane y e. ires in o to :incorporate and adapt best practices and to ue world c ss, a create a�=,�. �� rkh reflects the needs and aspirations of Miami's residents and visitors. '1 he Development Plan t e same maybe amended from time -to -time, shall be submitted to City. Shou d, 'mplem ation of the Development Plan require Substantial Modifications Master Pl then the proposed amendment to the Master Plan shall be submitted to the Ci r its revs and approval. 4.04 Phased Dveioi? ent. The Parties recognize that funding for the Project will come from various sources Ind that funding for the entire Project may not be available at the time of commencement of construction of the initial Park Improvements. Accordingly, the Parties agree that the Project may be developed in one of more Phases. The Conservancy shall propose suggested phasing of the Park Improvements and a timeline for construction of each Phase, subject in each case of the availability of funding. The Conservancy shall endeavor to cause the completion of all elements of the subsequent Phases no later than the dates suggested in the Development Plan. To this end, the Conservancy and the City agree to meet promptly and regularly after the execution of this Agreement to discuss phasing and to report on its progress in completing each Phase of the Project. #4435018 v8 10 ARTICLE 5 PARK IMPROVEMENTS 5.01 Development of Park Improvements. The Conservancy shall serve as the developer of the Park Component. Subject to the provisions of Section 14.17, the Conservancy shall (a) manage and control the design, development and construction of the Park Component consistent with the Master Plan, (b) be responsible for managing and resolving all pre- development issues required for the Park Component, including but not limited to, regulatory reviews and approvals, traffic, parking and engineering�alysis, all in accordance with Applicable Laws and the Development Plan and (c) coordi s activities with the developers and operators of the MAM Museum and MSM Museum. 5.02 The Site, The City shall deliver '® sical F session of the Site to the Conservancyso that the Conservancymayco r e construe i cif the Park Improvements �� ,l?� p within the Site. 5.03 Existing Environmental Reports copies of all existing reports of Environmental Phase I and Phase II environmental, of any certificates or notices from D with the City, shall determine if, ba engagement of a consultant to perform Site at a cost to be pa acknowledge and a Environmental Due liable to the other for a report. e Conser raf 1 ence rep errors of a cons for the missions is s. The Cit erning they reports, ental e City shall provide `t Conservancy with ition 03 the Site, in cling the existing urnish the Conservd cy with copies The Conservancy, in consultation necessity or advisability of the w, testing or monitoring of the e Diligence"). The Parties �n he consultant will prepare its it of both "Parties and neither Party shall be ch report or for either Party's reliance on the t Scope <of F viro m tal Due $ e Vie. The Environmental Due Diligence shall include ii e entire Site e consultant shall investigate and test, to the extent practicable those areas of the Site where'each p Improvement is to be built. The Environmental Due Diligence repots shall set for fx the co ul▪ tant's findings, and the report shall identify any Environmenta!Conditions preso ; on the S▪ ite, the known or presumed location or radius of' any Environmental Co nit ons, and ^ anticipated impact of such Environmental Conditions in light of the Project Impro t pr ed to be built on each such location within the Site. 5.05 Remediatioligation Disclosed in the Environmental Due Diligence Report, If the Environmental Due Diligence report discloses Environmental Conditions on the Site, then the City shall be responsible for completing the required remediation or mitigation work and paying the Remediation Costs out of its separate funds. The Remediation Costs shall not be part of the Funding Plan or Project Budget or constitute an operating expense of the Park Component. Subject to any requirements of applicable law, the Parties agree that the time for undertaking any specific remediation of Environmental Conditions at the Site shall be scheduled in a commercially reasonable way and consistent with the phasing of construction of Park Improvements located within (or affected by) the Environmental Condition in question. If the Conservancy undertakes any remediation or mitigation of Environmental Conditions on behalf of #4435018 v8 11 utilities, including, witho storm drainage faciliti negatively impact any Requirements"). The Cit; and application o atis join in any such doc Days foilt or petitions the Park Impr time to time petition in which or designee cannot be objection. The City agrees would substantially delay or the City, the City shall the Conservancy for the underlying Environmental Conditions as well as the remediation or mitigation work undertaken by the Conservancy for the City's benefit. 5.06 Site Conditions. The City presents the site in "AS IS" condition, and makes no warranty, representation or affirmation as to the condition or suitability of the site or any conditions o elements on the site. As necessary for the Conservancy to complete its construction obligations related to the Work, the Conservancy shall have the right to inspect the Site and to perform such tests as it deems necessary or appropriate from time to time to determine the existence of Site Conditions, The Conservancy shall cause the Park Improvements to be designed taking such Site Conditions into account and s provide in the Construction Documents for the removal of any objectionable Site t� Ions such as debris and non- hazardous materials necessary for construction of the Par t ovements. 5.07 Development Requirements, (a) The City, subject to the riements of Appl with and upon application by the Conserva cy shall use reasonab , expeditiously process all applications for consents, app ovals andpermits ne construction of the Park Improvements; which may warranty, waiver or special permits public right of way closure(s) and arc applications; (iv) those from Miami -Dade overseeing environmental regulations and ion, elect' in the public f cilities, (vi ressly `thorizes t' equirca ts on beh g receipt of' a onably necessary o : ants preparec. unle =e City Man cask . . parties �1 We special exce ram. petition' S ewer titions airs;( Laws, in consultation ;ood faith efforts to y to allow for the plicable, with t; limitation; (i) applications; (ii) r, alley, and/or ii) re -zoning or zoning variance artment and/or City departments locate all public and private elecomi,nication, water, sewer, and ocation will not materially and ing permit lvV (collectively, the "Development Conservancy to apply for and obtain permits ;ants, and to the extent the City is required to ons, t c he eby authorizes the City Manager to execute The City tiger or designee shall, within five (5) Business t from the Conservancy, execute any applications, forms o mood P (, renew, or obtain any Development Requirements for the Conservancy or its consultant, as may be necessary from er has a concern or objection to such an application, form or 1 confer on the matter and further provided the City Manager o execute an application to which they have a reasonable act unreasonably, or unreasonably fail to act, in a manner that in jeopardy, or would reasonably be expected to jeopardize, the timely completion of any Phase of the Park Improvements. (b) To the extent permitted by Applicable Laws, any City permit fees and other City Development Requirements fees applicable to the Project shall be waived. 5.08 Access to Site, (a) The City shall provide authorization for the Conservancy and its agents, consultants and contractors (including the Construction Manager and the Design Professionals) to, #4435018 v8 12 immediately upon the Effective Date, enter upon the Site in order for them to be able to perform various tests and studies of the Site, and other preconstruction work as contemplated by this Agreement. (b) Upon the date set forth in the Master Project Schedule as the commencement of construction date for a particular Phase, the Conservancy shall cause the Construction Manager to be responsible for securing that part of the Site under construction for a particular Phase and providing the insurance required by this Agreement. All or part of the Park Component may be closed to the public during testing, site preparation or construction of Park Improvements, some of which may be conducted as early as the Transition Period. The cpnservancy shall be permitted to fence off and/or exclude the public from those portions of the i which the Work and/or staging for the Work are being performed while the Park undergo ' , development contemplated under this Agreement under this Agreement. The Consery 11 cause all construction areas (including staging areas) shall be covered by the bons anted insuranc \obtained by the Construction Manager, in conformance with the requirement under th s Agreement. (c) The City, through its Cit , resentative or any of h: r xepresentatives, shall continue to have access to the Site at all times, including those portions unde a truction. 6.01 Impleme Conservancy to hale � Improvements idea Documents, subject to conditions or otherwise require t to over Improvem architectural Conservancy and intere engage a separate Imp functions should be comb disciplines. d therein h mo ebiterg Eng dification or ess1on, e selection e The Cons for the cr sh 1. ct the A .G st in the Pr ct ana ARTICLE of the Mani Master s the s cations a this e expr intent of both the City and the construction of the Park e reflect in the Existing Construction ay be reasonably necessary to address site ement, itect. o e.. extent the Existing Construction Documents onservancall form an architectural selection committee esign P fessionals and approval of the designs of the Park ncy sfl interview experienced architectural or landscape ton of' the Development Plan and Design Documents. The tect for the Project after review of qualified firms expressing ving qualifications for its execution. The Conservancy may s Architect and Landscape Architect, or determine that those and awarded to a single Architect who is qualified in both 6.03 Architectural Style, The architectural style of the Park Improvements shall be consistent with the architectural/design style set forth in the Master Plan. Substantial Modifications to the architectural/design style may be advanced by the Conservancy in consultation with the City and the Architect, subject to approval by the City Commission, 6,04 Amendment to Master Plan & Development Plan. The Conservancy shall manage and control the implementation of the Park Improvements, including the hiring of the Design #4435018 v8 13 Professionals and the development of all of the Design Documents that may be required. As necessary, the Conservancy shall direct the Design Professionals to prepare Design Documents that are consistent with the Development Plan and all Applicable Laws. If the Development Plan is subsequently modified by the Conservancy by more than 50% from the original Development Plan originally approved by the City, then the Conservancy shall submit the amended Master Plan to the City for review, consideration and approval. 6.05 Design Professionals. The Conservancy will, as necessary, retain the Architect for architectural and design services required in connection with the design and construction of the Park Improvements. All architectural and engineering fe and sums paid to the Architect and other Design Professionals shall be paid as part of th n ject Budget. The Conservancy shall enter into an Architect Contract with the Architec may enter into other professional services agreements with other Design Professionalschitectural and design services required in connection with the design and co s„ ruction ofk°'e Park Improvements, The Architect Contract and professional services a r y-, > is shall be c tstent with the terms of this Agreement. 6.06 Design Documents. (a) Generally. Thy Documents, the Design Documents an Improvements. To assist the City in its re with any future Design Documents a sun and guidance The Cisentative Documents referenced Construction. All De practice in the State of Fld to the limits of.,.construction ingress and Documents, renderings, pla The Schematic DI Agreement, the Res Documents to address submit revised Schematic Representaty shall review all Schematic Design struction s cments, as applicable, for the Park nservancy ll cause the Architect to provide aterial changes and provide commentary rvisi directing or controlling the ties or any o lant or the means or methods of shall be ,pared by an architect or engineer licensed to describe al � ements of the Work including, but not limited vehict? circulation and locations of construction De'St pleme 11best Documents �t on, and 4 ctnments Documi is, As necessary, the Schematic Design et forth in the Development Plan, including updated itted to the City Representative to provide comments. all be designed in accordance with all of the provisions of this licable Law. If the Architect revises the Schematic Design sed by the City Representative, then the Conservancy shall ocuments to the City Representative. (c) Master Project Schedule. As necessary or applicable, within ninety (90) days after the finalization of the Schematic Design Documents, the Conservancy shall prepare and deliver to the City Representative the master project schedule ("Master Project Schedule") for the Work, the Project Budget and the proposed completion date, broken down, as appropriate, for the applicable Phases of the Work. (d) Construction Documents, The Conservancy shall, as necessary, prepare the Construction Documents for each Phase of the Work (as applicable) at such time as the Conservancy is ready to proceed with the Work for that particular Phase, all in accordance with the #4435018 v8 14 Master Project Schedule. The Construction Documents shall conform to Applicable Law. Prior to commencing the development of' any revised Construction Documents for a particular Phase of the Work, the Conservancy shall consider all comments and requests for modifications by the City prior to submitting the Construction documents to the regulatory agencies for permitting. The Conservancy shall apply for all required permits from the regulatory agencies having jurisdiction over the Site and the Work. The Conservancy may revise the Design Documents for the Park Improvements from time to time provided that they conform to Applicable Law, and remain consistent in all material respects with the then current Development Plan. Any revisions to the Design Documents which would require regulatory review and approval by any Governmental Authority for permitting or otherwise, shall be submitted to the City,Representative. 6.07 Use of Plans. All Architect Contracts ent to by the Conservancy shall grant to the Conservancy and the City, and subject to the u ity d other procedures set forth in Chapter 119 Florida Statutes, a perpetual license it the n Documents in connection with the development, operation and modificatio he Park Imp ov; ments; such license being conditioned, however, on the payment of 1 undisputed amounts ue and owing under the Architect Contract. All construction docum ts, plans, specificatio > drawings, revisions, modifications, models, samples and the like su i ted to the City or th ' y Representative pursuant to this Agreement are f informations 3`, r only, except q,,the extent (a) otherwise expressly provided here , b)theyare fitted to the City regulatory or p Y ��( g Y permitting purposes. 7.01 Conservane funding the Cc �t Project dction Doc n } e t get as any of ` e Parties act wledge that t that funding 11 be governed k design and construction will Manager, Genera0,14ractor, A otherwise specificallyiovided action for the orderly p5 �. construction of the Park Im CON Constru ti n Admi tration. S > feet to the provisions of Section 14.17, the 1 overse a? �t . direct ii g, supervising, coordinating, controlling and coi stir" tl n ode Park Improvements in accordance with, s, th e( nstructihedule, the Master Project Schedule, and the foreg may be odified as permitted by this Agreement. The onser `. is not obligated to provide any of' its own funds, and the 1' ;riding Plan. The Parties further acknowledge that all performed not by the Conservancy but by the Construction hitect and Design Professionals, as the case may be. Except as this Agreement, the Conservancy agrees to take all reasonable ice of all aspects of the Work required in connection with the ovements, including, but not limited to: (a) retaining the services of the Architect, compliance with the requirements of the Architect Contract, and coordinating the design of the Park Improvements; (b) retaining, as necessary, the services of specialty consultants; (c) retaining the services of the Construction Manager pursuant to Section 7,02, who shall cause the Park Improvements to be constructed in accordance with the requirements of #4435018 v8 15 this Agreement, the Construction Schedule, the Master Project Schedule, the Construction Documents, and the Construction Management Contract; (d) preparing and updating, or causing to be prepared and updated from time to time, the Construction Schedule and the Master Project Schedule, and delivering copies to the Project Coordination Team; (e) retaining and supervising the personnel reasonably required by the Conservancy in order to properly perform or cause to be performed the Work; and the compensation and expense of such personnel shall be reflected inland paid as part of, the Project Budget; (f) maintaining, or causing to be mai records, consistent with industry standards, regardin including but not limited to, the Construction Docu Orders, as -built drawings, applications for payl receipts, lien waivers, customary periodic reports: and bid calculation sheets; (g) taking all actio the Resolution] and taking all reas Construction Manager and all other agen and construct the Park Improvements in ac provisions of the Architect, tt� et and Con (h) be provided to the City i i the Project that they may rea Documentrid any matey completion for ea+ City Re ursuant t pmplete and accurate books and tl®'esig. construction of the Project, s, shop drat , testing, surveys, Change permits, insura policies, bills, vouchers, Spector daily reports,iates, correspondence onably requi ction regi actors ,comply with Appl= ble Laws [and to cause the Architect and the e ged by the Conservancy to design pplic aws, [the Resolution] and the rnent : y tract; five doe ents and information required to s Agreement and other information relating to amity en Live, with copies of the Construction s reflect] . eviations from the Construction Document; managin nd en hase undertaep is achi g that all punch list and warranty work after ed; (k) blishin„ d updating, as necessary and in accordance with the requirements of this Agr t Schedule of dates for delivery of various Design Documents for review by the City Represen` (1) inviting the City Representative to Project meetings and preparing or causing to be prepared minutes for all scheduled project meetings (including construction meetings) and providing the City Representative with copies of minutes prepared by the Conservancy, or by its contractors that are received by the Conservancy, with respect to relevant Project meetings for the Park Improvements, as the case may be; (m) endeavoring to cause the completion of the Park Improvements in accordance with the Design Documents, the Construction Schedule, the Master Project Schedule and within the Project Budget; #4435018 v8 16 (n) obtaining or causing to be obtained permits necessary for construction of the Project; (o) maintaining, or causing to be maintained, the Park Improvements construction sites in safe condition and properly secured against unpermitted access from and after the Commencement of Construction; (p) providing the City Representative the monthly progress reports required by this Agreement and the Construction Management Contract as prepared by the Construction Manager; (q) supervising and coordinating, or uSirs easonable efforts to cause the Construction Manager to supervise and coordinate, the< ,t f c��St`�t�,etion of the Park Improvements, including the scheduling of all construction work o 'ar provements, so that the Park Improvements are constructed, equipped, furnished�pnd complete a good and workmanlike manner, in accordance with the Design Documen Master Projec ?edule and otherwise in accordance with this Agreement; and (r) causing the Construction Man to ec dinate work a sl ant appropriate access to the Site for contractors appropriately performs (s) causing the requsl�trt t and p`eoirmance bonding as required by 255.05, Florida Statutes , to be in place pri to tl p tnencem of construction and throughout the course of the work unti. permit is issued, namin shall be in the amount amount of one hundred of Miami as a co- obligee ................. designee an legal ford; the Proie1 market rate equipment , purpo ecified by t ith reas including �� , The Pardee cknowled imum, a the Co prescri nt of the The bon ect to itr this se C he chitec onabp•lIowane; copensatio occ>p ley or the equivalent building as provided herein. Such bonds 55.05,I iida Statutes and shall be in the struction Cost .The bond shall name the City ust be kept on file with the City Manager or Risk Manager and the City Attorney as to on Con most shall mean the cost of all elements of the Desig :y3iild Firm , as applicable , including at current or overhead and profit, the cost of labor, material or the Architect or other Design Professionals. and agree that the Conservancy's obligations under this Agreement are to ma t age, aditster, and implement the development, design, renovation and construction of the Pre 1. F t twithstanding any term or condition in this Agreement to the contrary, the intent of the tes is that the Conservancy shall not perform any services (and shall not act) as a contractor within the meaning of Chapter 489, Florida Statutes, and that all such services shall be performed by licensed contractors (as so defined under Chapter 489, Florida Statutes). 7.02 Construction Manager.. (a) The Conservancy shall select the Construction Manager. Any Construction Manager selected by the Conservancy shall be in good standing with the City, cannot be an entity or #4435018 v8 17 deemed a waiver of any rights of Management Contract shall include pro Applicable Laws, and provide the requisi Statutes, the insurance requirements set Construction Manageme Ct may be Conservancy under this e° eemen or under th (d) of the Construe the same ex Construe person that is debarred from doing City work, and cannot be in arrears or delinquent in its debts or obligations to the City. (b) The Construction Manager shall oversee construction of' the Park Improvements. The Construction Manager shall select and engage such other service providers in connection with the Work as the Conservancy and the Construction Manager may deem necessary. (c) The Conservancy shall enter into a Construction Management Contract with the Construction Manager to oversee the construction of the Park Improvements, or the Conservancy may elect that the City enter into the Construction Management Contract. The Construction Management Contract shall be consistent wi lie terms of this Agreement, Applicable Law [and the Resolution] and shall at all times c the requirements set forth below. The Construction Management Contracts shall provide f. ' ,. tingencY of not less than five percent [5%]. The Conservancy shall submit to the copy o..'=e Construction Management Contract. The City's review and any comments slat to complete FAprovided within those ten (10) Business Days, which time shall be extended to thirty (30) adc fional days if so requested by the City Manager.. In the event that the City does not deliver written o tions to the proposed Construction Management Contract within such tetl ,10 Busi .e. Dayper �t en the provisions�) P of Article 9 shall apply. The City's revew of the Coil uct anagement o'act shall not be is Agreement. 1le Construction ]ty containe uiring the construction Manager to comply with in acco Ace with Section 255.05 Florida e 10 a revisions under which the ity e event of a default by the ement Contract. Managem Contract shall require that each subcontractor Conse ey and the City in the same manner and to es the Conservancy and the City under the Before tl Construction Manager commences its services related to the Park Improvements,') a 1. ding, but n Jn ted to %entering into any subcontracts, purchasing or ordering � x any supplies, m uls, or equip lent, undertaking Site inspections or testing, and/or any construction, the Con i et on Ma a er shall execute, deliver to the City and the Conservancy, and • record in the public re c ds of i ,City, separate payment and performance bonds, in an amount equal to the total cost ofth p1'icable Phase of the Park Improvements. Each payment and performance bond shall be iri compliance with the terms of' Section 255.05, Florida Statutes, specifically in compliance with the requirements of Section 255.05(1)(a) and (c), 255.05(3), and 255.05(6), and shall name the City and the Conservancy as beneficiaries thereof', as joint obligees. 7.03 General Contractor. In causing the construction of the Park Improvements, the Conservancy may elect to use a general contractor under a general contract for construction instead of the Construction Manager model, and in such case all references in Section 7.02 or elsewhere in this Agreement to "Construction Manager" or "Construction Management Contract" shall be interpreted as referring the general contractor and the general contract for construction. #4435018 v8 18 7.04 Change Orders. Change Orders by the Conservancy relating to the Work shall not be subject to advance review to the City provided that: (a) the Change Order does not substantially delay the completion beyond the targeted completion date for each Phase of the Work; (b) the Change Order does not pose a material risk to public safety; (c) the Change Order does not (i) eliminate or otherwise substantially modify an element from the Development Plan, or (ii) materially alter the design of the Park Improvements, or any part thereof, as depicted in the most recent Design Documents for that Phase; (d) the Change Order does not exceed the Project Budget for the Phase in question unless the Conservancy has funding for the changed element, and (e) the Change Order conforms with [the Resolution], Applicable Law and this Agreement. In addition, the Conservancy shall make any Change Orders that are required to comply with the final permitted set of Construction Docuin is and Applicable Law. The Conservancy shall make a good faith effort to furnish ity with an advance copy of any Change Order that does not comply with clauses (a) t , e above. su 7.05 Permitting. The Conservancy sly lcepthe City Representative informed of' the progress of the Work during the permitphase and shall c, ordinate with the City Representative to ensure that permitting require ents are acceptable to ° 1ty• 7,06 Procurement of' Construction Materi Law, the Conservancy and the City s�j eonsider im program in order to allow the City o p h..se all or equipment for the Park Improvements{ a xen pt Such consideration shall include the feasibility Conservancy of' their rc e costs to i by the Parties by im enting s a progr 7.07 Construe -tit); Construe meetings. between the construction authorization Conservancy therein. w vianager a one �i serve to revie Anservancy, F activities a to 0dy the Site shall b ponsible e extent alto/ % , by Applicable ng a sales tax exe pt procurement s r of the construction materials and ba i th funds from the Funding Plan. e, a dot : ination by the City and the ogram, d any savings to be realized ,he d144 , a pre -construction meeting between its Repres�l �ve prior to mobilization. The pre -construction s the upcoming construction activities. Upon agreement onstruetion Manager and the City Representative as to all he associated logistics and timing, the City will issue an „Upon issuance of the authorization to occupy the Site, the securing the Site and all construction activities occurring (b) The Cifuction Manager shall be responsible for the construction of the Work in accordance with the Construction Documents. All Work shall comply with all Applicable Laws, Construction shall be performed by certified, bonded, insured and licensed contractors and subcontractors. 7.08 Punch List. The Architect and the Conservancy, in consultation and with input from the City Representative, shall cause to be prepared a punch list of items to be completed by the Construction Manager after completion so that the Work will be in general conformity with the Construction Documents. The Conservancy shall provide the City Representative with a copy of the punch list and shall incorporate comments from the City into the punch list. The #4435018 v8 19 Conservancy shall use reasonable efforts to cause the Construction Manager to complete the punch list items as soon as reasonably practicable in accordance with Construction Management Contract. All work shall be performed by the Construction Manager in a good and workmanlike manner in conformity with the Construction Documents, The City Representative, upon request, shall be provided with a copy of the punch list items by the Construction Manager upon completion of all work items. 7.09 Warranties. To the extent practicable, all the Construction Manager warranties and the relevant subcontractor, supplier and manufacturer warranties with respect to the Park Improvements shall name the Conservancy and the City a intended beneficiaries of the warranties. The Conservancy shall not knowingly take y action negating the Construction Manager and any subcontractors', suppliers' and i S acturers' warranties, except for emergencies, matters of public safety. A copy of eac of i y shall be delivered to the City Representative. 7.10 Liens. The Construction M °�r shall cause the Park Improvements to be constructed in accordance with the Construe ocuments free and l ` r of any and all Liens arising from the Work that encumber the proper c prisin t e Site or thh Park Improvements. In the event any such Lien is fil d by the Art c Construction ;.. nager, or any subcontractors or suppliers, the Cons racy shall caus said Lien to be dischar 'd or transferred to appropriate bond within thirty (3 asp recordin . h e Conservancy acknowledges and understands that under Chapter 713 lorid' latutes and other Applicable Laws City real property is not subject to mechanics or s 8 are u prelim`. Conserve shall contmu receive oper this Agreement. Transition Pe Period iscussiO w th F and will` e Viand the Tr manage the atinfunding for onserva to p ` Land cc 8.02 After Trans ilri Period. Beginning on the Operations Commencement Date, and continuing throughout the Term of this Agreement, the Conservancy shall maintain and operate the Park Component in accordance with the standards set forth in this Article 8. The Conservancy may engage contractors and vendors to perform all or any part of such services. Following the Transition Period the Conservancy shall continue to consult and coordinate with the Bayfront Park Management Trust regarding operations, programming, events and opportunities to achieve efficiencies and to enhance the uses and enjoyment of the Park Component by Miami's residents and visitors. This relationship and process shall be on -going. throughout the Term as the uses and positioning of the Park Component evolve and mature, and Al RATING ERVICES ont Par G NOTE: The provisions of Article 8 ement Trust. The text of Article 8 is based i the on -going discussions between the be Transition Period, Bayfront Park Management Trust ay -to daoperations of the Park Component and continue to operations from the sources existing as of the execution of will consult with Bayfront Park Management Trust during the linate future Park operations. #4435018 v8 20 the Conservancy shall review the role of the Bayfront Park Management Trust no less frequently than annually. 8.03 General Standards For Maintenance. The Conservancy shall observe (and cause its contractors to observe) the following standards for maintenance and repair: (a) Cleaning. (i) debris, and obstructions. Keeping the Park Component neat and clean, free of dirt, trash, (ii) Maintaining all walkways, walks and all other improvements and facilities in the Park Component (except those f i it specifically excluded pursuant to Clause (e) of this Section 8,03. 2u Ff 4 :"Y (iii) Regularly remove fir` painting over >n . iti, as appropriate to the (iv) Cleaning drains, s and :`` lh basins o ,regular basis to (v) Pruning ` oving br he es and trees. (b) Landscape Maintenance. Tl t nsery ncF hall perform (or engage a e a contractor to perform) thelfol landscap �mninte e rlc nature of the surface. prevent clogging. or are otherwise unsafe d cobbled appropriate. otherwise unhealthy where appropriate. n;Y,v dncrete ar a (v) and trimi trees and Shrubs that are overextended, dead maintain ieir natural form, ving ere, as ne any weeds from paving blocks, pavement, tilizer to trees, shrubs, plants and other lawn areas, as cing any plants or trees that are dead, diseased and/or specimens of substantially equal type and reasonable size, Reseeding and/or re -sodding grass -covered areas, as needed. (vi) Raking and collecting leaves. (vii) Watering all trees, shrubs, plantings and grass -covered areas as necessary to maintain such vegetation in a healthy condition. #4435018 v8 (viii) Mowing and edging grass -covered areas as needed. 21 (c) Repairs. Repairs shall include, but not be limited to, the following: (i) Benches or Other Seating: Replacing any broken or missing bench slats, as needed, and painting benches, as needed. (ii) Walls, Barriers, Bridges and/or Fencing: Repairing, removing and/or replacing any broken or materially cracked walls, barriers, bridges and/or fencing. To the extent feasible, replacement materials and designs shall match the materials and designs of existing walls, barriers and/or fencing. (iii) Paths: Keeping all paved surf attractive condition. To the extent feasible, replacement Notwithstanding the foregoing, the City shall be resp sidewalks adjacent to the perimeter of the Site, incutt w basins. nd unpaved paths in a safe and als shall match existing materials, r maintenance of all roads and limitation, sewers and catch (d) Signs. The Conservancy s1 `# l maintain all graphics iIts,a first class condition, and promptly cleaning all vandalized or damaged ' s or replacing suchvandalized or damaged signs with new signs that match other installed signs. „1 Sig fall comply n applicable Sign codes and Sign Regulations. (e) Facilities. Theshall n % ain all recreation facilities and equipment in the Park Component, other th. utili i 5 ?° ; re hydra and emergency call boxes, and any other facilities and equtpi that are to ad in t Come: t and are operated pursuant to concession agreemen (f) ent Marztenance, aintaining all monuments and other Park Improvements in good con in g and Operation D ri the Transition Period, the Conservancy shall 4('.lop and reoperational plan fo the Park Component consistent with the new Park Im rovements, including the d t ination of the appropriate services to be provided and their frequcneyand shall i�de1� ify se e providers and vendors suitable to undertake such responsiblitie he Conservancy shall' lso develop annual operating budgets, and identify likely public anprivate sources`;of funding for such operations as well as funds that may be available from revers e producingevents and Concessions within the Park Component. The Conservancy shall negO ce and maintenance contracts with such vendors and service providers so that theywill s read to begin operations as of the Operations Commencement P � ' Y g� p P Date. During the Transition Period, maintenance and operation of the Park Component will continue to be performed by the Bayfront Park Management Trust which may continue to receive revenues from events and concessions managed or authorized by the Bayfront Park Management Trust. The Conservancy will work with the Bayfront Park Management Trust to coordinate the operation of Museum Park to the extent feasible and safe in light of any construction of Park Improvements that may commence during the Transition Period. During the Transition Period, the Conservancy shall develop and refine programming for the Park Component consistent with its repositioning as a premier urban park, for the purpose of fully exploiting the Park Improvements and the enhancement of the experience of Museum Park as a #4435018 v8 22 unique and creative venue for the enjoyment and appreciation of Miami by its residents and visitors, and to create programs and activities that will increase public awareness of and interest in Museum Park. The Conservancy shall review with Bayfront Park Management Trust all existing contracts and concessions which affect the Park Component during the Term, and shall establish a program under which any existing obligations are modified, renegotiated, terminated or continued after the Transition Period as may be contractually required, and to the extent not contractually required or as may be desirable consistent with the Conservancy's operating vision for the Park. During the Transition Period, the Conservancy may plan and execute events and programs in order to test and refine its vision for subsequent operation of the Park Component; the Conservancy shall coordinate any such events and progran s ith Bayfront Park Management Trust to minimize any conflicts during the Transition Perio 8.05 Concessions The Conservancy will hay and maintain food and beverage and merchandise cconcessions within Museum Park (collectively, "Concessio ) - The Conser to enter into sublicense agreements with thirdies for the mana Concessions. Projected Concession revenue sllsbe included in the a`' and it is intended that the revenues from Concession snshall b sed to fund Improvements. The nature and locat ns of' Concessio hange over ti Term, the Conservancy shall evalmodify the �x quality and variety of the Concession es the visi+ City shall cooperate with the Conserva in t granting ,d ' of Concessions, to the extent required for��py part�c�a� Conce Agreement. 8.06 Drug throughout the term compliance wit to provi Parties 255,60, Auditor Gen the Conserva to reasonably as a result of and exclusive license to operate to authorize special events y shall have the authority it and operation of the 1 operating budgets, erations of the Park hroughout the essions program to ensure that the d mission of Museum Park. The licenses, permits or approvals sublicensed pursuant to this ice. TheefConservancy shall implement and maintain ement a d�g free workplace program substantially in ST �C;�JTES 287.087. Comps ail with ORIDA S A,T TES 255.60. It is the intention of the with y the comply with the provisions of FLORIDA STATUTES. ees t `e subject to review and audit at the discretion of the mpliance The Auditor General shall give reasonable notice to y such proposed review or audit, and the Conservancy agrees uct of such review or audit. In the event of any issues arising or in the event of any administrative or judicial finding that it the Conservancy does comp provisions rovsions of FLORIDA STATUTES 255.60 then the Parties shall act reason a lyand in good faith to resolve such issues or non-compliance for the purpose of establishing or reestablishing the compliance of the Conservancy with FLORIDA STATUTES 255.60. #4435018 v8 the Conservvancy Conservanc agi' o ensure such nc the event offl coop' in the c such allor rev�t 23 ARTICLE 9 APPROVALS AND CONSENTS Where in this Agreement the approval or consent of any Party (including without limitation the Conservancy, any Board, Committee, or Representative of the Conservancy, or the City Manager or City Representative) is required, it is understood and agreed that unless specifically stated to the contrary, such approval or consent shall not be unreasonably withheld, conditioned, or delayed. Wherever in this Agreement the approval or consent of the City is required, except as otherwise specifically provided herein, or . may otherwise be required by Applicable Laws in the opinion of the City Attorney, the w; .En approval or consent regarding the matter in question by the City Manager or autho ie Manager's designee the City Representative on behalf' of the City shall satisfy the :e; . e t for approval or consent of the City for all purposes. The Parties acknowledgeta when' City acts or exercises its proprietary rights or obligations under this Agr =it, it is doing in its capacity as the fee owner of the Site and not as a municipality ' rid that the role : e City as a sovereign municipality is separate and distinct from the r of the City as the fe 4 er of the Site under this Agreement; the Parties further acknowledge d agree at the City e ressly reserves its governmental planning level, olic . nd regulator d ci al functions i accordance with g � P g P � g � P Applicable Law, its Charter; Code , ® ;rehensive Pl`ai ,ro t Zoning Ordinance. 10 INSUl INDEM,rY A IIOL D micvtLESS 10.01 Insur discussion only. Detai the relevant) cause the.. to pu Policies Conserva testing or issued in t outlined below: and nia i a the The premium shall furnish Sit eparation �vo� he; of the Co (a) Build�� si Insurance: Builder's risk insurance for direct physical loss or damage resulting from an ii s`red peril to the building, structures and other improvements comprising all or part of the Work, including materials and equipment that are intended for incorporation into the Work. The policy shall include coverage for physical loss or damage from fire and other perils as are included under an "all risk" or "special form" policy to include named windstorm and flood insurance. The Builder's Risk Insurance policy shall be in the name of Conservancy and the City. The builder's risk insurance shall specifically insure the construction materials and equipment purchased for the Park Improvements for incorporation in the Work. (b) Professional Liability Insurance: Professional liability insurance for losses that arise out of the professional services of the Architect and other professionals working on the #4435018 v8 ING N The text f Article 10 is presented for ice require a is should be determined in discussion with City�a the Conservancy.] The Conservancy shall n Ma r or Co ractors and subcontractors (as appropriate) urance pole described in this Section (the "Insurance the I ance Policies shall be included in the Project Budget. The he Ci prior to the date the Conservancy first undertakes any on the Site, which indicate that insurance coverage has been rvancy and the City and which meets the requirements as 24 Park Improvements shall be provided with policy limits no less than [$5,000,000.00] per claim/annual aggregate. If the Conservancy obtains Contingent Professional Liability Insurance or Owners Protective Professional Indemnity insurance in order to comply with this coverage requirement then the City shall be an additional insured to such professional liability insurance policy. If this option is exercised, a certificate of insurance for the architect will also be provided. Required professional liability insurance shall provide coverage from the commencement of the design work for the applicable Phase and shall continue for no less than five (5) years after the completion of each Phase of the Project. statutory requirements of the State, including, as applicable, Chi (c) Workers' Compensation: Workers' comp, nsation insurance meeting the 440, Florida Statutes. (d) General Liability:Commercial ge itinsurance coverage for third party bodily injury or property damage claims (i) arising mi. Fservices performed by the Conservancy or the Construction Manager, Contracts s. and subconi ors for a combined single limit for bodily injury and property damage of nots .-} han [$5,000,000 0 each occurrence/annual aggregate. The City shall be shown as additional ured with respect to thi coverage (e) Business Automobile LiabilityTitsuran covering all owned, non -owned and 19dyehicles use amount not less than [$1,000,000.00] i Covered Autos — Endorsement CA 9948 Truckers Coverage Forms, if applicable. The foregoin policies so long as Conservancy may co requirements ag set forth 1 be endor talent) for Automobilef; i Ylit insurance �t�� nection with this `agreement in an o provide Broadened Coverage for usiness Auto, Motor Carrier and may be � iev� ly mhination of primary and excess um limit '° are procured 4The City acknowledges that the eloper co `t tilled" insurance program, which meets the eInsurance Policies required in Sections 10.01( h City an Conservancy as additional insured contain e in favor of the City and the Conservancy, and shall be east t otgh Final Acceptance with the exception of Builder's through substantial completion. The City shall be named as a olicy required in Section 10.01(a). The Conservancy shall bitten notice of any material changes to the Insurance Policies Tie date the change becomes effective, if practicable, but in no ch changes become effective. The Insurance Policies shall be obtained from financially sound insurance companies rated not less than A-; VII by A.M. Best & Company (or any equivalent rating agency approved by the City Risk Management Division, which approval shall not be unreasonably withheld, delayed or conditioned) and authorized to do business in the State. Any and all costs incurred by the Conservancy in discharging obligations under this Article 9 shall be included as Project Costs. The policy limits stated in this Article 10 apply to the first Phase. For Subsequent Phases, the Parties agree to negotiate in good faith and establish appropriate limits based on customary City practice for similar risks at the time of commencement of the Subsequent Phases. waivers o maintained Risk which loss payee provide theCity within thirty (30) days instance later than the da #4435018 v8 (d) and (e) slim ame brogation whetc �� l kept in force: { fi willb kept in for on the ilders Ris1 Re ntative 25 10.03 Hold Harmless/ Indemnity Relative to Construction and Design Professionals. The Conservancy agrees to hold City harmless, and defend from and to indemnify the City ,its officials and employees, against any and all claims, demands and expenses, including attorney's fees, of any Architect, Landscape Architect, Design / Build Firm, Design Professional, Construction and/or Project manager, contractor, subcontractor, material person, laborer or any other third person with whom the Conservancy has contracted or otherwise is found liable, in respect to the Premises. Nothing contained in this Agreement shall be deemed, construed or interpreted to imply any consent or The Conservancy on the part of City to subject the City's interest or estate to any liability under any mechanic's or othemlien asserted by any contractor, subcontractor, material person or supplier against any jdf the Premises or any of the improvements thereon. All contracts, subcontracts, p e orders, or other Agreements involving the Premises shall provide for the waiver of x hts in the Premises and provide thatthe contracting party agrees to be bound by such avision = ,include the waiver provision in any such Agreement. 10.04 Hold Harmless/ Indemnity — Gene The Conservancy agrees to, the City, its officials, and employee damages or causes of action of whate loss or destruction to Premises or any re in or on the Premises, ` .. of or as undertakings, progra:. orders, judgments o` attorneys' fees, expenses the investigatio thereof, e action a� � e neg employ gents or i iials. F employees, expenses arisi Materials placed assignees, or Environmental Laws. the Conser`c mess from a ngmorcaus ri about t at dir f or d� crees w1 d liabi the City harm a " m and aga aa�gr any pe r per i ropert esult o,tl onse day or may be s incurre s, costs wand defend from and to indemnify any and all claims, suits, actions, 1 injury, loss of life or damage , ther improvements sustained axcy's uses, acts, omissions, reon, and from and against any d thereof `, and from and against all costs, and about the defense of any such claims and abilities, suits, actions, damages or causes of ence of the City, including any of its shalldemnify, defend and hold the City, its officials and against any and all claims, actions, damages, liabilities and by the presence, in or about the Premises, of any Hazardous Premises by The Conservancy , or its agents, employees or n, or by User's failure to comply with all applicable In addition the Conservancy shall indemnify , defend and hold the City , its officials and from and against any and all claims, actions, damages, liabilities and expenses arising from or caused by the alleged failure of the Conservancy , its officials and employees to comply with Applicable Laws. #4435018v8 26 ARTICLE 11 REPRESENTATIONS, WARRANTIES AND COVENANTS 11.01 City Representations, Warranties and Covenants. The City represents, warrants and covenants to the Conservancy that the City has full power and authority to enter into this Agreement, and the execution, delivery, and performance of this Agreement by the City have been duly authorized by all necessary governmental action (other than all of the other various customary regulatory approvals (in the City's sovereign capacity as a municipality), licenses and permits which are required for the development, constructio use and operation of the Park Improvements). The City Manager or his designee is the deliver this Agreement on behalf of the City and has so All necessary governmental action required by the execution, delivery and performance by the City phi a valid and binding obligation of the City, enf terms. The City Representative will in due04 City as provided in this Agreement subject to to th `le against e be duly autho cable Laws. . 11.02 Conservancy Representations, Wad represents, warrants and covenants ity that: (a) The Conservancy Florida Not For Profit Corporation Act, existing under the laws of ter dtgt of Florid (b) T hold tax exempt status un in s. 501(c)(3) o�f the Inte requirement �t ei al percent of g``i onserva 501( `luly authorized to execute and ed and delivered this Agreement. een taken to duly authorize the reement. This Agreement is "ty in accordance with its Ito act on behalf of the Covenants, Conservancy -profit ration, incorporated under the 17, duly formed and validly is desi an d opera e omply with all requirements to 'of the Intel Revenue Code, as an organization described ode. \Conservancy will timely comply with the ination of their tax exempt status. Admfiz tstrative evenue, as th terms (d)� Statutes 255.60 th Conservancy pursuant ries and benefits of the Conservancy shall not exceed 15 sed in FLORIDA STATUTES 255.60(d). ncy wilt comply with all applicable provisions of Florida Agreement and the acts, undertakings and duties of the ent (e) The Cl vancy has all requisite corporate power and authority to enter into this Agreement. This Agreement is a valid and binding obligation of the Conservancy, enforceable against the Conservancy in accordance with its terms, (f) The execution, delivery and performance by the Conservancy of this Agreement have been duly authorized by all necessary corporate action of the Conservancy and will not violate the Conservancy's Articles of Incorporation or Bylaws or result in the breach of or constitute a default under any agreement or instrument to which the Conservancy is a party or by which the Conservancy or its assets may be bound or affected. All consents and approvals of any #4435018 v8 27 Person required in connection with the Conservancy's execution of this Agreement have been obtained. (g) The Conservancy will comply with the Florida Public Records Act, Chapter 119, Florida Statutes including the applicable section provides that the Conservancy acting as the Conservancy shall additionally comply with Section 119.0701, Florida Statutes, including without limitation : (1) keep and maintain public records that ordinarily and necessarily would be required by the City to perform this service ; (2) provide the public with access to public records on the same terms and conditions as the City would at the cost provided by Chapter 119, Florida Statutes, or as otherwise provided by law ; (3) ensure that public records thatare exempt or confidential and exempt from disclosure are not disclosed except as authorized w; (4) meet all requirements for retaining public records and transfer , at no cost, to the City _ lic records in its possession upon termination of this Agreement and destroy any dupli c records that are exempt or confidential and exempt from disclosure requirements,-; All elec�l onicall stored public records p�� 1' x Y must be provided to the City in a format compatible with the C'it 's information technology systems. 11.03 Mutual Covenants, (a) The Parties, whene do so by the other Party shall execute or c further actions as may transactions provided f however, in all instancy each of the P. for any ille otherwise per be asserted by parties. (b) In ex ,act in (c) No'rf or on the ba` ill d in this Agr ar?;rty except nably nett ;carry ou y Boar s and often as cuted a als. shall be reasonably requested to rther documents and take any order to consummate the of, this Agreement, subject, lling its obligations under this Agreement, inate tliix %A`greement on the ground of ultra vires acts or lenge to the enforceability of this Agreement, except as ent ,15ct to the preceding sentence, no such challenge may he institution of a declaratory action in which the Parties are (d) Slio d eit r Party receive knowledge about any matter which may constitute a breach of any o' arranties or covenants set forth in this Article 11 which arises after the date of this Agreemen it shall promptly notify the other Party of the same in writing. (e) During the term of this Agreement, the Parties shall comply with all Applicable Laws relating to its ownership of the Site and the Park Improvements, and comply with Applicable Laws with respect to the use, operation, development, occupancy and/or construction of the Park Improvements by the Conservancy. The City in its capacity as fee owner of the Park Improvements and Site shall execute such documents and file such documents and reports as may be reasonably necessary to enable the Conservancy to obtain and maintain all necessary permits and licenses that are required of an owner of the Park Improvements and/or Site. #4435018v8 28 (f) All covenants, representations and warranties contained in this Agreement shall survive the execution and delivery of this Agreement. No action taken pursuant to or related to this Agreement, including any investigation by or on behalf of a Party shall be deemed to constitute a waiver by the Party taking such action of compliance with any representation, warranty, condition or agreement in this Agreement. does not constitute a warranty, representation or other g attempting to achieve will be successfully achieved a d iioParty' 11 be liable for any failure to achieve the result or results intended so long as the has complied with its obligation to act in good faith, (g) In exercising its rights and fulfilling its obligations under this Agreement, the City and the Conservancy shall act in good faith. Notwithstanding the foregoing, each Party acknowledges that in each instance under this Agreement where a Party is obligated to exercise good faith or to use good faith efforts, such Party shall not be req� t�d to expend any funds, or grant any other consideration of any kind, in the performance of suc:4� ertaking, and each Party further acknowledges that the obligation of any Party to act in god , or undertake good faith efforts the result which the Parties are (h) By execution of this Agreement,the City or his designee to execute on behalf of the City , su approval of the City Attorney as to leg form, any add implement the intent of this Agreement. ; o standing reasonable approval rights over the for xndltance execute; and (b) no Party shall be required of such Party under this A.grt or any of any o1 under thi days after cannot rea day period such failure, extent permitted by la equity, including the rigl" ns (?�1' Come c Df covenants c eement, and tl�+ sona�notice in e cured wit shall �`" comme re said fate shall ART;;L 12 EFA ereby authorizes the City Manager p iance with Ap�cable Laws and ancillary documents necessary to oregoing, (a) each Party shall have of , ocuments which it is asked to chany rights, duties or obligations t In the'`o C t ,o the failure of the Conservancy to perform ttons o: reements \vhich are to be performed by the Conservancy ontinu e of such failure for a period of ninety (90) consecutive uate d?i41 from the City (provided, however, if such failure ,ninety (90) days, and the Conservancy, within said ninety (90) d and thereafter continued diligently to prosecute the cure of constitute a default hereunder), then the City, to the fullest e the right to pursue any and all remedies available at law or in terminate this Agreement as to the Conservancy after providing thirty (30) days notice, sue for and collect damages and to specifically enforce the rights of the City, and to enjoin the Conservancy. 12.02 City Default. To the extent allowed by Applicable Laws, in the event of the failure of the City to perform any of the covenants, conditions or agreements which are to be performed by it under this Agreement ("City Default"), and the continuance of such failure for a period of ninety (90) consecutive days after written notice (provided, however, if such failure cannot reasonably be cured within said ninety (90) day period, and the City, within such ninety (90) day period, shall have commenced and thereafter continued diligently to prosecute the cure #4435018 v8 29 respect to performance, manner or ti its own obligation under this Agreeme with respect to the particular obligations` a waiver in any respec to any o applicable to alleges the alleged default in presiding authority ren in default, tier period s this Age; damages, caused by Furthermore, party claims `zits s`li` rbitrati a decis anent for any sir contract, tort of 0� 1 lting from th tl tr imitation of available at law or 'al, in ‘e•therwi ole or e tolle other in the pro of such failure, said failure shall not constitute a default hereunder), then the Conservancy, to the fullest extent permitted by law, shall have the right to pursue any and all remedies available at law or in equity, including the right to terminate this Agreement after providing thirty (30) days notice to the City, sue for and collect damages and to specifically enforce the rights of the Conservancy asserting the default, and to enjoin the City. The City expressly reserves its immunities, priveledges, defenses and immunities as a Florida municipal corporation. 12.03 Force Majeure. For the purpose of any of the provisions of this Agreement, neither the City (including the City Manager) nor the Conservancy, as the case may be, shall be considered in breach of or in default in any of its obligations ter this Agreement in the event of Force Majeure. All Force Majeure events must persist o4, d the reasonable control of the party asserting the delay. In the event of the occurrences F any such Unavoidable Delay, the time for the performance of the covenants and provision r <i;' greement shall be extended for the period of Force Majeure. 12.04 Obligations, Rights and Rem remedies of the Parties, whether provided a cumulative. The exercise by any Party of any the exercise by it, at the same or different times, o or for any other default or breach b other Par y obligatio ronsidere arty or umulative; Cu in equity or under ;or more . f uch reme h h remedies fa eriods. The rights and greement, shall be hall not preclude he same default waiver made by either Party with ny other Party or any condition to aiver of any rights of said Party dition to its own obligation, or All notice and cure periods ant tip arty challenges the existence of roceeding ° til the date that the arbitrator or ding, at with time, if such Party is found to be any oth r rights* In no e a1"1 any Party be liable under any provision of t, incident ` , consequential, exemplary, treble or punitive hether or not provided by statute and whether or not current negligence or intentional acts of such Party. bility herein shall not apply to any indemnification for third ressly provided in this Agreement. ARTICLE 13 PARTY REPRESENTATIVES 13.01 Designation of City Representative, The "City Representative" shall be the Director of the Planning and Zoning Department or such other City Administrator as the City Manager may designate from time to time. . The City Representative shall act as liaison and contact person between the Conservancy and the City in administering and implementing the terms of this Agreement. The City Representative shall have the power, authority and right, on behalf of the City, and without any further resolution or action of the Board, except as otherwise specifically provided in this Agreement, and so long as such actions or approvals do not cause #4435018 v8 30 the expenditure of any City funds, violate Applicable Law, [and/or violate the Resolution], to do any of the following: (a) review, approve and consent, in writing, to documents, plans, applications, and requests required or allowed by the Conservancy to be submitted to the City Representative, the City pursuant to this Agreement, including the Design Documents and forms of the Architect Contract or Construction Management Contract; (b) consent to and approve, in writing, actions, events and undertakings by the Conservancy or other Persons for which consent and/or appval is required from the City Representative, the City under this Agreement; (c) sign any and all documents on bell the foregoing approvals, consents and appointments a manner; and (d) grant written extensions d` to 120 days and that do not otherwise materially or the City under this Agreement. Any consent, approval, dec Representative shall be binding on the the City in connection with this Agree and shall be fully protect t relying upon bind the City in any The City of the provisions of' 13.02 represents between: Agrees behalf o` except as of Designatio onsery The Con Conservanc ise specifics (a) required or allowed pursuant to this Agreeme Construction Management City necessary or convenient to said document in a timely e that extend deadli aff t •the right ,or obligat o r time periods by up f the Conservancy determinaiir .k_under this Agreement by the City Conserva = 4nd any other Person dealing with tter go d by this Agreement may rely epresentative to act for and epfesentative to comply with all servancy l presentative. The Conservancy shall name a ive")x who shall act as liaison and contact person ity in ad i ring and implementing the terms of this ,esentativc s all have the power, authority and right, on any further resolution or action of the Conservancy, rovide 1 this Agreement to do any or all of the following: e and consent to documents, plans, applications, and requests presentative, the City to be submitted to the Conservancy gig Design Documents and forms of the Architect Contract or .t; (b) consent to and approve actions, events and undertakings by the City Representative or the City or other Persons for which consent and/or approval is required from the Conservancy under this Agreement; (c) sign any and all documents on behalf of the Conservancy necessary or convenient to the foregoing approvals, consents and appointments and shall sign such documents in a timely manner. #4435018 v8 31 Any consent, approval, decision, determination, waiver or amendment under this Agreement by the Conservancy Representative shall be binding on the Conservancy. The City and any other Person dealing with the Conservancy in connection with this Agreement or any matter governed by this Agreement may rely and shall be fully protected in relying upon the authority of the Conservancy Representative to act for and bind the Conservancy in any such matter. The Conservancy shall cause the Conservancy Representative to comply with all of the provisions of this Agreement. ARTICLE 14 MISCELLANEOUS PROVISI'i 14.01 Sovereign Rights. The City shall retai overeign prerogatives and rights as a municipality under State law with respect tuse Park Project. It is expressly understood that: (a) The City retains all of itssv ereign prerogatives pan Frights arid regulatory authority (quasi-judicial or otherwise) as a mun i� corpora, on under St jaw and shall in no s " from withholdi or refusing to way be estopped by virtue of its execution of this gxee issue any approvals in its municip re .ulatory cap �' applications for l Ming, zoning, planning or development under prese or tut�re laws and ulations whatever nature applicable to the planning, design, constructions d d elgpment o = c Museum Park Project, or the operation thereof, or be liable for the sa (b) T; entered into by the ii the Conservancy any na under presenty or future design, c Agreeme be containe authority, com waivers, or an City in its m p exercise of its police po relating t raa vals o` f ar not by to h reenient or any other agreement e, be ob` , d in its mu itipal regulatory capacity to grant pplication r building, zoning, planning or development nces o r. hatever nature applicable to the planning, Ferlion s the Project. (c) Not vvi and ng y covenant a 'bligatio this Agreet-shall e or agency t� y o pprovals 1 umci e ulator nd preva ing over any contrary provision in this the City in its municipal regulatory capacity that may 'nd the City Commission or any City department or F�, grant or leave in effect any zoning changes, variances, permits, t may be granted, withheld or revoked in the discretion of the capacity or other applicable governmental agencies in the 14.02 No Partnership or Joint Venture. Nothing contained in this Agreement is intended or shall be construed in any manner or under any circumstances whatsoever as creating or establishing a partnership or a joint venture between or among any of the Parties or as constituting any Party as the agent or representative of any other Party. 14,03 Prevailing Laws and Venue, This Development Agreement shall be governed by the laws of the State of Florida. If any term, covenant, or condition of this Agreement or the application thereof to any person or circumstances shall, to any extent, be determined by appropriate judicial authority to be illegal, invalid, or unenforceable, the remaining terms, #4435018 v8 32 covenants and conditions of this Agreement, or application of such term, covenant or condition to persons or circumstances other than those as to which it is held invalid or unenforceable, shall not be affected thereby and each term, covenant, or condition of this Agreement shall be valid and be enforced to the fullest extent permitted by law. Venue for any action under this Agreement not required to be resolved in Arbitration shall lie in the Circuit Court of the Eleventh Judicial Circuit in and for Miami -Dade County, Florida. Administrative Resolution of Disputes. The Parties will attempt to resolve any disputes under the Agreement in accordance with non- binding mediation or arbitration in Miami — Dade -County in accordance with procedures the Parties will agree to within thirty( 30) days of the final City or Conservancy decision as to such dispute, 14.04 Waiver of Jury Trial. The Parties hereby and intentionally waive any right such Party may hav proceeding or counterclaim based on this Agreemept r` arisen with this Agreement or any amendment or s ication of t agreement executed by and between the Parti onnection with thl of conduct, course of dealing, statements (wla er verbal or written) hereto. This waiver of jury trial provision is a niterial inducement to t this Agreement. 14.05 Notices. Any notice and shall be deemed sufficiently giver i mail, postage prepaid, return receipt re service, to the appro representatives as s which the other part In thered arty or e at the a otified i on: versa nd Av owingly, irrevocably, voluntarily by jury in respect of any action, -out of, under or in connection Agreement, or any other reement, or any course ctions of any Party sties to enter into nication uthis Agreement shall be in writing •vered or'dtched by United States certified ational .ecognized overnight delivery espc t Fc counsel and authorized ow or at such other address of anager ,wilding, 10th Floor ng: ication to the City, to: ida 33130 mi Mimi riverside Building, 9th Floor 444 S.W. 2nd Avenue Miami, Florida 33130 (b) In the case of a notice or communication to the City Project Liaison, to: City of Miami City Manager's Office 444 S.W. 2nd Avenue Miami, Florida 33130 #4435018 v8 33 (c) Attention: In the case of a notice or communication to the Conservancy, to: Museum Park Conservancy c/o The Miami Foundation 40 N,W. 3'd Street, Suite 305 Miami, Florida 33128 Attention: Rebecca Mandelman, Vice President With a copy to: Stearns Weaver Miller Weissler Alhadeff & Sitterson, P.A. Attention: Richard E. Schat sq. 150 West Flagler Street, /2200 Miami, Florida 33130 .4 All notices shall be deemed received when t ally ered if deli d by hand or by a nationally recognized overnight d It ery service all be deeme delivered upon confirmation of receipt (or refusal) y elivery servx three (3) days following mailing in the event mailed as provided above. : ti s of appro l .disapproval or default to be given under this Agreement must be in writin g m tgiven aspavided in this Section. 14.06 Titles .oand Seeseveral parts, Articles and Sections of this A=x ement a nserted or c enience of reference only and shall be disregarded in constru kor interp ng any o : s provisions. 14Q ift> ter each of instru 'eement is executed in several counterparts, which shall constitute one and the same 14 f18Successors add ,Assi n All of the covenants, conditions and obligations contained in t is Agreement h 1 be bidding upon and inure to the benefit of the respective successors and as'rs of the Ps. 14.09 Constr Interpretation. Reference to any Article, section, paragraph, exhibit, or subpart thereo mess otherwise provided, shall refer to this Agreement. Use of the term "including" shall meancluding, without limitation". Each of the Parties hereto and their counsel have reviewed and revised, or requested revisions to, this Agreement, and the usual rule of construction that any ambiguities are to be resolved against the drafting party shall be inapplicable in the construction and interpretation of this Agreement and any amendments or exhibits to this Agreement. 14.10 Attorneys' Fees. If it shall become necessary for any party to employ an attorney to enforce or defend any of its rights or remedies hereunder because of the default or breach of any covenant, condition, or agreement hereunder by any other party, each party shall be #4435018 v8 34 responsible for its own attorneys' fees and court costs, including fees and costs incurred at trial level and on appeals. 14,11 Entire Agreement. This Development Agreement, including the Exhibits hereto and all documents described or referenced in this Agreement, together contain the entire agreement among the Parties with respect to the subject matter hereof, and supersede any and all prior written or oral agreements among the Parties with respect to such subject matter. No modification or amendment of this Agreement shall be binding upon the Parties unless such modification or amendment is in writing and signed by the Party to be bound thereby, 14,12 Incorporation of Provisions of the Leases by erence, The provisions of the Leases are incorporated into this Agreement by reference,. 14,13 Assignments. This Agreement may any party, without the express prior written c considered unique in nature as is the relations be withheld, refused, conditioned or delayed. 14,14 Severability. If any term or provisi to any person or circumstance shalt y extent, b this Agreement or the application o3 er or provi than those as to which it is held invalid of iin � p�rceable, s term and provision of this Agreementall by ad and permitted by law. 14,15 Nonr prevailing over any ctii criminal acts with respect prosecuted rconvic memb any w or person Personnel this Section specific p document executed in no event require th contributions), (b) of assi `'� either in whole or in part, by t of the otli;`- arty. This Agreement is the parties and ent to Assignment may reement or the plication thereof or unenforceable, Elie remainder of o the persons or circumstance other ,not be affected thereby, and each enforced to the fullest extent ;y of thei� rvancy Personnel. Notwithstanding and on or imiy tion in this Agreement and except for their ent (i,e. acts which would constitute crimes were they he officers, directors, partners, shareholders, the Con ,ncy (the "Conservancy Personnel") shall not in t to this Agreement; and no deficiency or other monetary ind sl be sought or entered against any of the Conservancy y unde`" ;� with respect to this Agreement. The limitations of iy limit the City's rights as provided in this Agreement (a) to very provision of this Agreement or in any other instrument or ith this Agreement (provided that specific performance shall ncy or the Conservancy Personnel to make additional capital e damages against the Conservancy for any breaches of this Agreement (provided that collection of damages is subject to the restrictions of this provision), or (c) to enforce remedies against all assets of the Conservancy. ploye srd alter. 3e liable unde�i ' udgment of any w�tl�respect to liab 1 shall in no erformc�f each a to rec+ 14,16 Non -Recourse Liability of City Personnel. Notwithstanding and prevailing over any contrary provision or implication in this Agreement or in any other instrument or document executed in connection with this Agreement, except for their criminal acts with respect to this Agreement (i,e., acts which would constitute crimes were they prosecuted for and convicted of such acts), no member, elected or appointed official, officer, employee, agent, independent contractor or consultant of the City ("City Personnel") shall be liable for any of the City's #4435018 v8 35 obligations under this Agreement or any instrument or document executed in connection with this Agreement. Except for their criminal acts with respect to this Agreement (i.e., acts which would constitute crimes were they prosecuted for and convicted of' such acts), no City Personnel shall be liable to the Conservancy, or any successor in interest to the Conservancy, for any amount which may become due to the Conservancy or any successor in interest to the Conservancy, or for any other obligation, under the terms of this Agreement. The limitations of this Section 14.16 shall in no way limit the Conservancy's rights as provided in this Agreement (a) to specific performance of each and every provision of' this Agreement or in any other instrument or document executed in connection with this Agreement, (b)) to recover damages against the City for any breaches of this Agreement (prove d that collection of' damages is subject to the restrictions of this provision), or (c) to enforcremedies against the City. 14.17 Exculpation of The Conservancy er acknowledges that: (i) The Conservancy is acting as a developer and is not a li s , contrnor an architect or engineer; (ii) The Conservancy will not be performing an 1 design se r loes, construction services or any activities that only duly licensed contract o hitects or enginee an perform in the State of Florida; and (iii) The Conservancy will not ontrol the means andctk ods of construction; The Conservancy shall not be responsible for (i) the quality c mpleteness, a curacy or utility of' the programs, schedules, Construction Schedule; ) p rawings, desi `n specifications, samples or data of any architects, ° tiers, surveyor' , F Construction Manager (or general contractor), testing laboratories or o ltants and n professionals for the Project, or the failure of any of such parties to cart ut t ork or se ces furnished in connection with the Project in accordance with their respective a tints with to City (or otherwise), (ii) the construction means tithed ` techni a se 1 or io,cedures employed the � q � � �� P �by Construction Mana ere of ntracto g � y ye �� that •z,hes labor, materials, services or equipment in connectionwith or to the Project` failure of e Construction Manager to carry out its work in accordancwith tl onstructio 3 ntract or other documents relating thereto, or any variance et een t e s t ;'a Schedule and the actual time within which the Construct ta a� m 1t1e cons t n o' the Project, (iii) Force Ma eure; or iv any other = is facts o eiscums : ` es beyond ate reasonable control of The Conservancy includi hut not limited t ,, change : fin market conditions, changes in labor prices, material price esca a s and the lik #4435018 v8 URES ON FOLLOWING PAGE] 36 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by appropriate officials of each of then, as of the data first above written. Attest: "CITY" THE CITY OF MIAMI, a municipal corporation of By: the State of Florida , City Clerk Approved as to legal form and correctness: By: Approved as ranee Requirements By: By: , CityAttorneyx r �� , Ri"� Management Administrator Witnesses: "CO Print Name: Print Name: #4435018 v8 USEUMT' CONSERVANCY INC., a Florida -for-profit oration 37 EXHIBIT "A" LEGAL DESCRIPTION OF MUSEUM PARK #4435018 v8 Exhibit "A" Legal Description of Museum Park 38 EXHIBIT "B" LEGAL DESCRIPTION OF PARK COMPONENT #4435018 v8 Exhibit "B" Legal Description of Park Component 39 EXHIBIT "C" DESCRIPTION OF EXISTING FACILITIES #4435018 v8 Exhibit "C" Description of Existing Facilities 40 EXHIBIT "D" PROVISIONS RELATING TO CONCESSIONS AGREEMENTS #4435018 v8 Exhibit "D" Provisions Relating to Concessions Agreements 41 SWMWAS Draft of September 3, 2015 BY-LAWS Of MUSEUM PARK CONSERVANCY, INC. (A Florida Not For Profit Corporation) ARTICLE I NAME AND PRINCIPAL OFFICE The name of this corporation shall be Museum Park Conservancy, Inc., (hereinafter called the "Corporation"). The principal office of the Corporation shall be located in Miami - Dade County, Florida. ARTICLE II PURPOSES AND MISSION The Corporation is organized exclusively for the purpose of: (i) the enhancement, development, improvement and operation of the park space in downtown Miami, Florida known as "Museum Park" which is owned by the City of Miami, Florida and located in Tract "A" of Museum Park, as recorded in [Plat Book169, Page 27]1 of the Public Records of Miami -Dade County, Florida (hereinafter, "Museum Park"), including all real property, infrastructure, public rights of way and submerged lands that abut such property and over which the Corporation may in the future obtain control or operational authority; and (ii) fulfilling such other purposes as the Board of Directors of the Corporation shall from time to time determine to be in furtherance of the Corporation's charitable and educational purposes so far as may be permitted by the laws of the State of Florida. The Corporation shall not engage in any activity not permitted to be carried on by a corporation exempt from taxes under Section 501(c) (3) of the Internal Revenue Code of 1986, as the same may be amended from time to time, and its Regulations as the same now exist, or as they may be hereafter amended from time to time, or any corresponding section of any subsequent federal tax law. ARTICLE III NO MEMBERS OR MEMBERSHIPS The Corporation shall not have any voting members. ARTICLE IV BOARD OF DIRECTORS 4.1. General Powers. Subject to the provisions and limitations of the Florida Not For Profit Corporation Act, Florida Statutes Chapter 617 (the "Act"), and any other applicable laws, 1 To confirm. the activities and affairs of the Corporation shall be managed, and all corporate powers shall be exercised, by or under the direction of the Board of Directors of the Corporation (the "Board"). 4.2. Specific Powers. Without prejudice to the general powers set forth in these By - Laws and the Articles of Incorporation of the Corporation (the "Articles of Incorporation"), but subject to the limitations contained therein and in the Act, the Board shall have the power to do the following: (a) Appoint and remove, at the pleasure of the Board, all corporate officers, agents, and employees, prescribe powers and duties for them as are consistent with the law, the Articles of Incorporation and these By -Laws and fix their compensation. (b) Change the principal office or the principal executive office from one location to another within the City of Miami, Florida. (c) Borrow money and incur indebtedness on the Corporation's behalf and cause to be executed and delivered for the Corporation's purposes, in the corporate name, promissory notes, bonds, debentures, deeds of trust, mortgages, pledges, hypothecations, and other evidences of debt and securities. (d) Adopt and use a corporate seal and alter the form of the seal. (e) Elect the Community Representative Directors to a specific term and in accordance with Section 4.6 by a majority of the Directors then in office at a regular or special meeting of the Board, or in accordance with Section 4.7 if the remaining Directors constitute less than a quorum. Notice of any such meeting shall include notice of such election. (f) Adopt compensation, conflicts of interest and other policies that are deemed necessary by the Board from time to time to facilitate the management and operation of the Corporation or to maintain the tax-exempt status of the Corporation. (g) Adopt, amend, modify or repeal the Articles of Incorporation and these By -Laws. (h) Create standing or ad hoc committees of the Corporation. 4.3. Initial Members of the Board. The initial members of the Board shall be those persons named as Directors in the Organization Action of the Incorporator of the Corporation, each of whom shall remain a Director until the election and qualification of her or his successor or her or his earlier death, resignation or removal. 4.4. Qualification of Directors. (a) General Qualifications of Directors. Board members shall be chosen with a view toward maintaining a balanced Board, all of whom shall possess the skills and experience which contribute to the vision, mission and purpose of the Corporation. Page 2 of 14 Pages (b) Special Qualifications of Appointed and Community Representative Directors. The members of the Board who are Appointed Directors and Community Representative Directors (as such terms are defined below) shall be broadly representative of the City of Miami, Florida community and constituencies to be served by the Corporation and be composed of individuals who reflect the diversity and the full range of issues and interests to be served by Museum Park and who have direct experience or understanding of the constituencies and community intended to benefit from the Corporation's and Museum Park's facilities, operation and activities. In addition, Appointed Directors and Community Representative Directors shall be persons who are willing to devote time, professional knowledge, personal influence or a combination of the foregoing to attain the goals of the Corporation and shall be selected based on their ability to do the following: (i) To volunteer their specialized business expertise, advice and guidance to working committees of the Corporation when needed; (ii) To spearhead and reinforce all community and public relations work of the Corporation; and (iii) To liaise with the Commissioners of the City Commission of the City of Miami and their staff, the City of Miami Parks and Recreation Department, the Jorge M. Perez Art Museum of Miami -Dade County, Inc., the Philip and Patricia Frost Museum of Science, the Adrienne Arsht Center for the Performing Arts of Miami -Dade County, Bayfront Park Management Trust Corporation, Inc., The Friends of Museum Park, Inc. ("FOMP"), and neighborhood constituencies to be identified by the Board from time to time. 4.5. Number, Appointment and Election. The Board shall consist of a minimum of ten (10) Directors and a maximum of fifteen (15) Directors, Within such limits, the number of Directors may be increased by a majority vote of the Directors then in office, Commencing with the first Annual Meeting of the Board, Directors shall be selected as follows: (a) The Mayor of the City of Miami shall appoint one (1) Director. (b) The City Commission of the City of Miami shall appoint one (1) Director (c) The City Manager of the City of Miami shall appoint one (1) Director. (d) FOMP shall appoint seven (7) Directors (persons appointed pursuant to clauses (a) through this clause (d) are referred to herein as "Appointed Directors"). (e) These ten (10) Directors shall elect up to an additional five (5) Directors (each, a "Community Representative Director") who represent the interests and diversity of the City of Miami at large. (f) The Executive Director of the Corporation shall serve as an ex-officio, non -voting Director and may attend meetings of the Board of Directors and shall not be subject to Sections 4.6, 4.7 or 4_9. 4.6. Terms of Directors. Directors shall be appointed at the first annual meeting following the filing of the Articles of Incorporation. Directors shall hold office as follows: Page 3 of 14 Pages (a) The Director appointed by the Mayor of the City of Miami shall serve a term which shall be the shorter of four (4) years or end concurrently with the last day of the term of the Mayor. If the Mayor is reelected to office, she/he must officially appoint, or re -appoint if desired, a Director as his/her appointee for the new term, pursuant to the process set forth in these By -Laws. (b) The Director appointed by the City Commission of the City of Miami shall serve for a term of two (2) years and may succeed herself or himself as a Director if re -appointed. (c) The Director appointed by the City Manager of the City of Miami shall serve for a term of two (2) years and may succeed herself or himself as a Director if re -appointed. (d) The seven Directors appointed by the FOMP shall serve for the following initial terms: Two (2) shall be appointed to serve a term of one (1) year, two (2) shall be appointed to serve a tern of two (2) years, and three (3) shall serve a term of three (3) years. All subsequent appointments or reappointments by FOMP shall be for a term of three (3) years. No such Director shall be appointed for more than two (2) consecutive terms, but any such Director may serve for any number of non-consecutive terms.2 (e) Upon the expiration of a Director's term, that Director shall remain on the Board of Directors until such time as he or she is replaced or is re -appointed by the appropriate appointing authority. (f) The Community Representative Directors shall serve for terms of two (2) years and until her or his successor is appointed and qualified, or until her or his earlier death, resignation or removal, but shall not be limited to any maximum number of terms. 4.7. Vacancies. In the event of a vacancy on the Board, the remaining Directors, even though less than a quorum, may exercise the powers of the Board until the vacancy is filled. Any vacancy in a Community Representative directorship, however occurring, may be filled by the affirmative vote of a majority of the Directors then in office. Any vacancy in any other directorship shall be filled by a person appointed by the person or organization which appointed the Director whose directorship has been vacated. The replacement Director shall hold office for the unexpired term her or his predecessor in office. 4,8. Resignation. Any Director may resign by delivering her or his written resignation to the Corporation at its principal office to the attention of the Board. Such resignation shall be effective upon receipt unless it is specified to be effective at some other time or upon the happening of some other event, The Board reserves the right to determine the effective date of any resignation it receives from a sitting member of the Board. 4.9, Removal from Office. Appointed Directors may be removed from office, with or without cause, at any time by the person or organization that appointed the removed Director. A Community Representative Director may be removed from office at any time, with or without cause, by the affirmative vote of the Directors then in office. 4.10. Annual Meetings. The Board shall determine the date, hour, place and manner of conducting the annual meeting of the Directors of the Corporation, provided that such meeting is 2 Note that a director appointed for an initial 1- or 2- year term cannot serve for two consecutive 3-year terms unless we create exceptions for those directors which would allow for maximum initial terms of 7 and 8 years as to them only, Page 4 of 14 Pages scheduled to occur within six (6) months after the end of the fiscal year of the Corporation, The purposes for which an annual meeting is to be held, in addition to those prescribed by the Act, the Articles of Incorporation or these By -Laws, may be specified by the Board or by the Chair of the Board. If an annual meeting is not held in accordance with the foregoing provisions, a special meeting may be held in place thereof with all the force and effect of an annual meeting. 4,11. Regular and Special Meetings. Regular meetings of the Board shall be held at least quarterly at such places and at such times as the Board may from time to time determine, provided that any Director who is not present at a meeting of the Board when such determination is made shall be given notice of the determination, At regular meetings, the Directors shall address the financial condition of the Corporation, agreements or relationships with the City of Miami and other neighboring organizations and stakeholders, and such other issues as may be brought before the Board by Directors or committees of the Board. Special meetings of the Board may be held upon the oral or written call by the Chair of the Board, the President or two (2) or more Directors, designating the date, hour and place thereof. Regular and special meetings of the Board shall be held in Miami -Dade County, Florida. 4.12 Notice of Meetings. Notice of the time and place of all meetings of the Board shall be given to each Director by: (a) personal delivery of written notice; (b) first-class mail, postage prepaid; (c) telephone, including a voice messaging system or other system or technology designed to record and communicate messages; or (d) by electronic transmission, such as electronic mail or facsimile transmission, either directly to the Director or to a person at the Director's office who would reasonably be expected to communicate that notice promptly to the Director. All such notices shall he given or sent to the Director's address, e-mail address, or telephone or facsimile number as shown on the Corporation's records. Notices of a meeting sent by first-class mail shall be deposited in the United States mails at least ten (10) days, but not more than thirty (30) days, before the time set for the meeting. Each notice shall state the time of the meeting and the place, if the place is other than the Corporation's principal office. Except as provided in Section 4.13 and Article X, the notice need not specify the purpose of the meeting. 4,13. Waiver of Notice, Notice of a meeting need not be given to any Director who, either before or after the meeting, signs a waiver of notice, a written consent to the holding of the meeting, or an approval of the minutes of the meeting. The waiver of notice or consent need not specify the purpose of the meeting. All such waivers, consents and approvals shall be filed with the corporate records or made a part of the minutes of the meetings. Notice of a meeting need not be given to any Director who attends the meeting and who, before or at the beginning of the meeting, does not protest the lack of notice to her or him. 4,14. Quorum; Telephonic Meetings. At any meeting of the Board, a majority of the Directors then in office shall constitute a quorum. Directors constituting less than a quorum may adjourn any meeting from time to time, and the meeting may be held as adjourned without further notice. One or more Directors may participate in a meeting by means of a conference telephone or similar communications equipment by means of which all persons participating in the meeting can communicate with each other at the same time. Participation in a meeting pursuant to the foregoing sentence shall constitute presence in person at such meeting. Page 5 of 14 Pages 4.15. Action at Meeting. At any meeting of the Board at which a quorum is present, a majority of the Directors present may take any action on behalf of the Board except to the extent that the Act, the Articles of Incorporation or these By -Laws require a larger number. 4.16. Action Without a Meeting. Any action required or permitted to be taken at a meeting of the Directors or any committee thereof, or any action which may be taken at a meeting of the Directors or a committee thereof, may be taken without a meeting if all Directors or members of such committee, as the case may, consent in writing or by electronic transmission, setting forth the action so to be taken, and the writings or electronic transmissions are filed in the minutes of the proceedings of the Board or of the committee. Such consent shall have the same effect as a unanimous vote. 4.17. Committees. The Board shall appoint as standing committees of the Board the following: (i) an Executive Committee, (ii) a Committee on Directors and Governance, (iii) a Finance and Audit Committee, and may appoint one or more other committees. The Board also may delegate to the Executive Committee some or all of its powers except those which, under the Act, the Articles of Incorporation or these By -Laws, it is prohibited from delegating. In no event shall the Board delegate to any committee established by it the following powers: (a) To change the principal office of the Corporation. (b) To adopt, amend or repeal the Articles of Incorporation or By -Laws of the Corporation. (c) To elect officers or fill vacancies in any such offices. (d) To change the number of persons constituting the entire Board, or fill vacancies on the Board. (e) To remove officers from office or Directors from the Board. (f) To authorize a merger, sale of substantially all assets or dissolution of the Corporation. The Board in its vote authorizing the establishment of a committee, or by subsequent Board action, shall appoint the persons to constitute the members thereof, All members of the Executive Committee shall be voting Directors. Any additional committees that are created by the Board may be comprised of persons who are not Directors, but who shall be entitled to vote at such committee meetings, At least two (2) Directors shall be appointed to each committee. The Chair of each such committee shall be a Director, Except as the Board may otherwise determine, any such committee may make rules for the conduct of its business, but, unless otherwise provided by the Board or in such rules, its business (including the keeping of a record of its meetings), shall be conducted as nearly as may be practicable in the same manner as is provided by these By -Laws for the Board, including the ability to participate in meetings telephonically and to act by written consent in lieu of a meeting as provided in this Article IV. Each such committee shall report its action to the Board, which shall have the power to ratify, rescind or amend any action taken. However, in the case of the Executive Committee, no such rescission shall have retroactive effect. Page 6 of 14 Pages 4.18. Inspection Rights of Directors. Every Director shall have the absolute right, upon reasonable notice and at any reasonable time, to inspect and copy all books, records, and documents, and to inspect the physical properties of the Corporation. 4.19. Compensation of Directors. Directors shall serve as Directors without compensation from the Corporation but may receive reimbursement for the costs of attending meetings of the Board as the Board shall determine from time to time. ARTICLE V STANDING COMMITTEES The standing committees of the Corporation, their composition and duties shall be as follows: 5.1. Executive Committee. 5,1.1. Composition. The Executive Committee shall consist of the Chair of the Board, the Vice Chair of the Board, the President of the Corporation (if the President is a Director) and such other voting members of the Board as the Board may from time to time determine, but in no event shall there be less than three (3) or more than five (5) members. Not less than a majority of the Executive Committee shall be composed of Directors appointed by FOMP. If the Chair or Vice Chair of the Board is also the President, the Board shall appoint another Director as a member of the Committee, Voting Directors who are not members of the Executive Committee shall receive notice of all meetings of the Executive Committee and may attend its meetings and participate in its deliberations, but only Executive Committee members shall be entitled to a vote on matters as to which a vote of the Executive Committee may be required or permitted. The Executive Director of the Corporation may attend meetings of the Executive Committee unless otherwise determined by the Executive Committee with respect to any given meeting. The Executive Committee shall adhere to the same quorum requirements as the Board. 5.1.2. Duties. The Executive Committee shall meet on the call of the Chair of the Board or any two of its members and shall conduct the business of the Corporation when it is not convenient for the full Board to meet or as the Board may from time to time authorize. 5.2 Committee on Directors and Governance. 5.2.1. Composition, The Committee on Directors and Governance shall consist of three (3) individuals, all of whom shall be Directors and two (2) of whole shall be Directors appointed by FOMP and one (1) of whom shall be any other Appointed Director. The Board shall appoint the Committee on Directors and Governance from among the Directors. The Chair of the Board shall designate the Chair of the Committee on Directors and Governance. The members of the Committee on Directors and Governance shall be appointed for a term of one (1) year. A Director may be re -appointed to the Committee on Directors and Governance by the Board for one additional term. Any vacancy in a Board member's position on the Committee on Directors and Governance shall be filled by the appointment by the Board of a successor from among the then members of the Board, who shall serve for the balance of the unexpired term. Page 7 of 14 Pages 5.2.2. Duties. The principal duty of the Committee on Directors and Governance shall be to submit to the Board, at least thirty (30) days in advance of each Annual Meeting, persons whom the Committee on Directors and Governance recommends to the Board as eligible for election as Community Representative Directors, either at the Annual Meeting or to fill vacancies of Community Representative Directors on the Board subsequent to the Annual Meeting for which the Committee on Directors and Governance's report is prepared and submitted. In performing its duties, the Committee on Directors and Governance members shall endeavor to recommend as nominees for possible election as Community Representative Directors persons who are representative of the criteria for Board membership set forth in Section 4.4(b). 5.2.3. Other Duties. In addition to the duties provided in subsection 5.2.2, the Committee on Directors and Governance shall be responsible for recommending officer nominations, recommendations for filling Director vacancies and the orientation of new Directors. The Committee on Directors and Governance shall schedule and plan a Board retreat each year to be held after 1 and before the Board's meeting. In furtherance of the foregoing, the Committee on Directors and Governance shall endeavor to: (a) Assess the performance of the Board and individual members; (b) Review demographics of the Board and determine what skills, experiences and relationships the Board needs to possess in considering new Director appointments; (c) Continually identify and cultivate Board candidates; (d) Consider officer succession planning; (e) Retain and integrate new Board members (f) Recognize Board members; and (g) Recommend to the Board removal of Directors and officers if necessary. 5.3 Finance and. Audit Committee. The Finance and Audit Committee shall be chaired by the Treasurer and shall work with the Corporation's chief financial officer to oversee the fiscal integrity, and ensure the financial solvency, of the Corporation. The Finance and Audit Committee shall also work with the chief financial officer of the Corporation to establish the annual budget. It shall select and approve the contract for the independent auditors of the Corporation and make recommendations regarding the investment of capital funds, such as endowment or reserve funds. The Finance and Audit Committee shall develop a charter of its mission and responsibilities for approval by the Directors. ARTICLE VI OFFICERS 6.1. Designation. The officers of the Corporation shall consist of a Chair of the Board, a Vice Chair of the Board, a President, a Treasurer and a Secretary. The officers of the Corporation may include such other officers as the Board may determine, including one or more Vice Presidents, Assistant Treasurers, and Assistant Secretaries. Page 8 of 14 Pages 6.2. Election. The Chair of the Board, Vice Chair of the Board, President, Treasurer and Secretary shall be elected annually by the affirmative vote of the Board at its Annual Meeting. Other officers may be chosen and their terms designated by the Board at such Meeting or at any other meeting. 6.3. Qualification. The Chair of the Board and one or more Vice Chairs of the Board shall be elected from among the Directors. Any officer may be required by the Board to give bond for the faithful performance of his/her duties to the Corporation in such amount and with such sureties as the Board may determine. 6.4. Tenure. Except as otherwise provided by the Act, by the Articles of Incorporation or these By -Laws, all officers shall hold office until the next Annual Meeting of the Board and until their respective successors are appointed and qualified, unless a different term is specified during the vote appointing them. Any officer may resign by delivering her or his written resignation to the Corporation at its principal office to the attention of the Directors, and such resignation shall be effective upon receipt unless it is specified to be effective at some other time or upon the happening of some other event. The Board reserves the right to determine the effective date of any resignation it receives from an officer of the Corporation. 6.5. Removal. The Board may remove any officer with or without cause, upon the affirmative vote of the Board at a duly noticed meeting of the Board. 6.6. Vacancies. Any vacancy, however arising, in any office, may be filled for the unexpired portion of the term thereof by the Board. 6.7. Chair of the Board and Vice Chairs of the Board. The Chair of the Board shall be responsible for the agenda of, and shall preside at all, meetings of the Board and shall perform such other duties and have such other powers as may be designated from time to time by the Board. The Chair shall be a member of the Executive Committee and an ex-officio (without vote) member of all other committees of the Corporation. Each Vice Chair of the Board shall perform such duties and have such powers as may be designated from time to time by the Board, including without limitation the performance of the Chair's duties in her or his absence, 6.8. President. The President shall be the Chief Executive officer of the Corporation and shall, subject to the direction of the Board, have general supervision and control of the business and affairs of the Corporation, shall perform such other duties, including those contemplated by these By -Laws, and shall have such other powers as may be designated from time to time by the Board. The President may, but need not be, a Director. If the President is a Director, she or he shall be a member of the Executive Committee and an ex-officio (without vote) member of all other committees, except the Committee on Directors and Governance, of the Corporation. At any time when there shall be no President of the Corporation in office, the Board shall appoint another person to serve as the acting President of the Corporation, until the position can be permanently filled. 6.9. Treasurer and Assistant Treasurers. The Treasurer shall, subject to the direction of the Board, have general charge of the financial affairs of the Corporation, shall cause to be kept Page 9 of 14 Pages accurate books of account of the affairs of the Corporation and of its accounting procedures. The Treasurer shall have custody of all funds, securities, and valuable documents of the Corporation, except as the Board may otherwise provide, and shall have general charge of valuable papers of the Corporation. 6.10. Secretary and Assistant Secretaries. The Secretary shall attend and shall cause to be kept a record of all the meetings of the Board. In addition, the Secretary shall perform such other duties and have such other powers as may be designated from time to time by the Board. Each Assistant Secretary shall perform such duties and have such powers as may be designated. from time to time by the Board. In the absence of the Secretary from any meeting of the Board, an Assistant Secretary, if one is chosen, otherwise a Temporary Secretary designated by the person presiding at the meeting, shall perform the duties of the Secretary at such meeting. The Secretary shall keep or cause to be kept, at the principal office of the Corporation in Florida, or if that office is not in Florida at the office of the Resident Agent, the records of the Corporation. 6.11. Other Officers. Each other officer that may be elected by the Board shall perform such duties and have such powers as may be designated from time to time by the Board. 6.12. Other Powers and Duties. Each officer shall, subject to these By -Laws, and in addition to the duties and powers specifically set forth in these By -Laws, have such duties and powers as are customarily incident to her or his office. The exercise of any power which by the Act, the Articles of Incorporation, or these By -Laws, or under any vote of the Board, may be exercised by an officer of the Corporation only in the event of absence of another officer or any other contingency, shall bind the Corporation in favor of anyone relying thereon in good faith, whether or not such absence or contingency existed. ARTICLE VII INDEMNIFICATION OF DIRECTORS, OFFICERS AND OTHERS 7.1. The Corporation, to the extent legally permissible, shall indemnify each person who may serve or who has served at any time as a Director or officer of the Corporation or of any of its subsidiaries, or who at the request of the Corporation may serve or at any time has served as a trustee, Director, officer of, or in a similar capacity with, another organization or an employee benefit plan, against all expenses and liabilities (including counsel fees at all levels, judgments, fines, excise taxes, penalties and amounts payable in settlements), reasonably incurred by or imposed upon such person in connection with any threatened, pending or completed action, suit or other proceeding, whether civil, criminal, administrative or investigative, in which such person may become involved by reason of serving or having served in such capacity (other than a proceeding voluntarily initiated by such person unless he or she is successful on the merits, the proceeding was authorized by the Corporation or the proceeding seeks a declaratory judgment regarding her or his own conduct); provided that no indemnification shall be provided for any such person with respect to any matter as to which he or she shall have been finally adjudicated in any proceeding not to have acted in good faith in the reasonable belief that her or his action was in the best interests of the Corporation or, to the extent such matter relates to service with respect to any employee benefit plan, in the best interests of the participants or beneficiaries of such employee benefit plan; and provided, further, Page 10 of 14 Pages that as to any matter disposed of by a compromise payment by such person, pursuant to a consent decree or otherwise, the payment and indemnification thereof have been approved by the Corporation, which approval shall not unreasonably be withheld, or by a court of competent jurisdiction. Such indemnification shall include payment by the Corporation of expenses incurred in defending a civil or criminal action or proceeding in advance of the final disposition of such action or proceeding, upon receipt of an undertaking by the person indemnified to repay such payment if he or she shall be adjudicated to be not entitled to indemnification under this Article VII, which undertaking may be accepted without regard to the financial ability of such person to make repayment. 7.2. A person entitled to indemnification hereunder whose duties include service or responsibilities as a fiduciary with respect to a subsidiary or other organization shall be deemed to have acted in good faith in the reasonable belief that her or his action was in the best interests of the Corporation if he or she acted in good faith in the reasonable belief that the action was in the best interests of such subsidiary or organization or of the participants or beneficiaries of, or other persons with, interests in, such subsidiary or organization to whom he or she had a fiduciary duty. 7.3. Where indemnification hereunder requires authorization or approval by the Corporation, such authorization or approval shall be conclusively deemed to have been obtained, and in any case where a Director of the Corporation votes to approve the payment of indemnification, such Director shall be wholly protected, if: (a) the payment has been approved or ratified (1) by a majority vote of a quorum of the Directors consisting of persons who are not at that time parties to the proceeding, or (2) by a majority vote of a committee of one or more Directors who are not at that time parties to the proceeding and are selected for this purpose by the full board (in which selection Directors who are parties may participate); or (b) the action is taken in reliance upon the opinion of independent legal counsel (who may be counsel to the Corporation), appointed for the purpose by vote of the Board or in the manner specified in this or the preceding paragraph; or (c) the payment is approved by a court of competent jurisdiction; or (d) the Directors have otherwise acted in accordance with the applicable legal standard of conduct. 7.4. Any indemnification or advance of expenses under this Section shall be paid promptly and in any event within 30 days, after the receipt by the Corporation of a written request therefore from the person to be indemnified, unless with respect to a claim for indemnification the Corporation shall have determined that the person is not entitled to indemnification. If the Corporation denies the request or if payment is not made within such 30- day period, the person seeking to be indemnified may at any time thereafter seek to enforce her Page 11 of 14 Pages or his rights hereunder in a court of competent jurisdiction and, if successful in whole or in part, he or she shall be entitled also to indemnification for the expenses of prosecuting such action. Unless otherwise provided by law, the burden of proving that the person is not entitled to indemnification shall be on the Corporation. 7.5. The right of indemnification under this Article shall be a contract right inuring to the benefit of the Directors, officers and other persons entitled to be indemnified hereunder and no amendment or repeal of this Article shall adversely affect any right of such Director, officer or other person existing at the time of such amendment or repeal. 7.6. The indemnification provided hereunder shall inure to the benefit of the heirs, executors and administrators of a Director, officer or other person entitled to indemnification hereunder. The indemnification provided hereunder may, to the extent authorized by the Corporation, apply to the Directors, officers and other persons associated with constituent corporations that have been merged into or consolidated with the Corporation who would have been entitled to indemnification hereunder had they served in such capacity with or at the request of the Corporation. 7.7. The right of indemnification under this Article shall be in addition to and not exclusive of all other rights to which such Director, officer or other person may be entitled. Nothing contained in this Article shall affect any rights to indemnification to which Corporation employees or agents, other than Directors, officers and other persons entitled to indemnification hereunder, may be entitled by contract or otherwise by law. 7.8. If this Article or any portion of it is invalidated on any ground by a court of competent jurisdiction, the Corporation nevertheless indemnifies each Director, officer or other person entitled to indemnification hereunder to the fullest extent permitted by all portions of this Article that have not been invalidated and to the fullest extent permitted by law. ARTICLE VIH PARLIAMENTARY AUTHORITY The Board and each Committee shall establish its own rules for the conduct of its meetings. Robert's Rule of Order shall not govern meetings of the Board or Committees unless otherwise determined by the Board or such Committee with respect to its own meetings. ARTICLE IX MISCELLANEOUS PROVISIONS 9.1. Fiscal Year. Except as from time to time otherwise determined by the Board, the fiscal year of the Corporation shall commence on the first day of October 1 (excluding the Corporation's first year of incorporation) and end on the last day of September in each year. 9.2. Seal. If the Board determines to adopt a seal of the Corporation, such seal shall, subject to alteration by the Board, bear its name, the words "Museum Park Conservancy, Inc." and year of its incorporation. Page 12 of 14 Pages 9.3. Execution of Instruments. All deeds, leases, transfers, contracts, bonds, notes and other obligations authorized to be executed by an officer of the Corporation in its behalf shall be signed by the Chair of the Board, the President or the Treasurer except as the Board may generally or in particular cases otherwise determine, 9.4. Voting of Securities. Except as the Board may otherwise designate, the President or Treasurer may waive notice of and act on behalf of the Corporation, or appoint any person or persons to act as proxy or attorney in fact for the Corporation (with or without discretionary power and/or power of substitution), at any meeting of incorporators or shareholders or beneficial owners of any other corporation or organization, any of the securities of which may be held by the Corporation. 9.5. Corporate Records. The original or attested copies, of the Articles of Incorporation, these By -Laws, and records of all meetings of the Directors, which shall contain the names and the record address of all Directors and officers, shall be kept in Florida at the principal office of the Corporation or at an office of its Secretary, or Resident Agent. Said copies and records need not all be kept in the same office. They shall be available at all reasonable times for the inspection by any Director or officer for any proper purpose, but not to secure a list or other information for the purpose of selling or distributing said list or information or copies thereof or of using the same for a purpose other than in the interest of the applicant, as a Director or officer, relative to the affairs of the Corporation. Except as may be otherwise required by the Act, by the Articles of Incorporation, or by these By -Laws, the Corporation shall be entitled to treat the record address of a Director or officer as shown on its books as the address of such person for all purposes, including the giving of any notices; and it shall be the duty of each such person to notify the Corporation of her or his latest post office address. 9.6. Conflict of Interest. The Board shall adopt a written conflict of interest policy, which it shall review and publish annually, All members of the Board of the Corporation, all officers and all employees of the Corporation are required to acknowledge written receipt of their annual copy. Failure to comply with the conflict of interest policy is grounds for immediate termination from the Corporation. 9.7, Evidence of Authority, A certificate executed by the Secretary or an Assistant Secretary as to any action taken by the Directors or any officer or representative of the Corporation shall, as to all who rely thereon in good faith, be conclusive evidence of such action. 9.8. Ratification. Any action taken on behalf of the Corporation by a Director or any officer or representative of the Corporation which requires authorization by the Board shall be deemed to have been duly authorized if subsequently ratified by the Board, if action by it was necessary for authorization. 9.9. Articles of Incorporation. All references in these By -Laws to the Articles of Incorporation shall be deemed to refer to the Articles of Incorporation, as amended, and in effect from time to time, Page 13 of 14 Pages 9.10. Construction, Unless the context requires otherwise, the general provisions, rules of construction and definitions in the Act shall govern the construction of these By -Laws. Without limiting the generality of the preceding sentence, the masculine gender includes the feminine and neuter, the singular includes the plural, the plural includes the singular. References in these By -Laws to "Articles" and "Sections" are to Articles and Sections of these By -Laws unless the context indicates otherwise. ARTICLE X AMENDMENTS The power to make, amend or repeal these By -Laws, in whole or in part, shall be in the Board. Such power may be exercised by the Board by vote of a majority of the Directors then in office. Notice as to all proposed amendments shall be given to Directors at least ten (10) days prior to the Board acting upon any such proposed amendment. ARTICLE XI EFFECTIVE DATE These By -Laws are in effect until the initial board meeting of the Corporation which will be held in the month of [ , ], 2015 at which time the Board will review and discuss for the purpose of formally adopting them and are effective from and after the close of such meeting and until further amended by the Board as provided in ARTICLE X above. Page 14 of 14 Pages 41324.0002 #4439527 v2 9/3/2015 4:54 PM SWMWAS Draft of August 18, 2015 ARTICLES OF INCORPORATION OF MUSEUM PARK CONSERVANCY, INC. The undersigned, a natural person over the age of 18, hereby files these Articles of Incorporation of MUSEUM PARK CONSERVANCY, INC. (hereafter referred to as the "Corporation"), in compliance with Chapter 617, Florida Statutes, the Florida Not For Profit Corporation Act (the "Act"). 1.1 ARTICLE I ORGANIZATION Name. The Corporation shall be known as the Museum Park Conservancy, Inc. 1,2 Principal Office. The principal office of the Corporation shall be located in the State of Florida at such place or places as the Board of Directors of the Corporation may from time to time, designate. The initial principal office and mailing address of the Corporation, until changed by the Board of Directors of the Corporation, shall be located at The Miami Foundation, Inc., 40 N.W. 3rd Street, Suite 305, Miami, Florida 33128. ARTICLE II PURPOSES The Corporation is a not for profit corporation organized to provide for the enhancement, development and improvement of the park space in downtown Miami, Florida known as "Museum Park" which is owned by the City of Miami, Florida and located in Tract "A" of Museum Park, as recorded in Plat Book 169, Page 27 of the Public Records of Miami -Dade County, Florida (hereinafter, "Museum Park"), including all real property, public rights of way and submerged lands that abut such property and over which the Corporation may in the future obtain control or operational authority. The Corporation has been organized to plan, design, construct, operate and manage the park space comprising Museum Park and will serve as the governing authority for such activities. Museum Park and all improvements located or constructed thereon are, and will continue to be, owned by the City of Miami, Florida. The Corporation will have the full and exclusive authority to: employ one or more architects, landscape architects, and other consultants to design and construct the infrastructure, landscaping, buildings and improvements within Museum Parlc; employ construction and development managers or firms and supervise their work; employ an Executive Director who will be responsible for day-to-day operational and programmatic management of Museum Park and such other employees as the Corporation shall deem appropriate. The Corporation will raise funds to accomplish and implement the foregoing purposes and in that regard may enlist the assistance and support of The Friends of Museum Park, Inc., a Florida not for profit corporation. The Corporation shall operate exclusively for educational, cultural and charitable purposes by conducting or supporting activities for the benefit of the development and operation of Museum Park. Its activities shall be limited to exempt purposes described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended, or the corresponding provision of any future United States Internal Revenue law (the "Code"). It may engage only in such activities permitted under the laws of the State of Florida and the United States of America as shall constitute activities in furtherance of such exempt purposes. ARTICLE III DURATION AND COMMENCEMENT OF EXISTENCE The existence of Corporation will be perpetual. ARTICLE IV TAX EXEMPT STATUS AND LIMITATIONS It is the express purpose of these Articles of Incorporation to limit the authority, powers and purposes of the Corporation and to require the Corporation to conform to the limitations set forth in the Code with reference to organizations which are organized and operated exclusively for charitable, cultural and educational purposes within the purview of the Code, and nothing herein shall be construed to grant to the Corporation any powers or purposes not contemplated and authorized under the Code. No part of the net earnings or assets of the Corporation shall inure to the benefit of, or be distributable to, its directors, officers, members, or other private persons, except that Corporation shall be authorized and empowered to pay reasonable compensation for services rendered and to make payments and distributions in furtherance of any of its purposes. No substantial part of the activities of Corporation shall be the carrying on of propaganda, or otherwise attempting, to influence legislation, and the Corporation shall not participate or intervene in (including the publishing or distributing of statements) any political campaign on behalf of any candidate for public office. Notwithstanding any other provision of these Articles of Incorporation, the Corporation shall not carry on any activities not permitted to be carried on (a) by a corporation exempt from federal income tax under Section 501(c)(3) of the Code or (b) by a corporation contributions to which are deductible under Section 170(c)(2) of the Code, ARTICLE V No VOTING MEMBERS The Corporation shall not have any voting members. Any action or vote required or permitted by the Act or any other law, rule or regulation shall be by action or vote by the Board of Directors of the Corporation. The Board of Directors of the Corporation may, in its discretion, establish one or more classes of non -voting members of the Corporation. 2 ARTICLE VI BOARD OF DIRECTORS The Board of Directors of the Corporation shall be responsible for the direction and control of all matters pertaining to the Corporation, The qualifications, manner of election, duties, terms and other matters relating to the Board of Directors of the Corporation shall be provided in the By-laws of the Corporation as amended from time to time in accordance therewith, The first Board of Directors of the Corporation shall be elected by the Incorporator. ARTICLE VII BY-LAWS The initial By-laws of the Corporation shall be adopted by the first Board of Directors of the Corporation. Thereafter, the power to amend, alter or repeal any part or all of the By-laws of the Corporation shall be exclusively vested in the Board of Directors of the Corporation, ARTICLE VIII INDEMNIFICATION OF DIRECTORS AND OFFICERS Each person who acts as a director or officer of the Corporation shall be indemnified as provided in the By-laws of the Corporation. ARTICLE IX AMENDMENT OF ARTICLES OF INCORPORATION Corporation reserves the right to amend these Articles of Incorporation or any amendments to them. ARTICLE X DISSOLUTION In the event of the complete or partial liquidation or dissolution of the Corporation, whether voluntary or involuntary, the balance of all money and other property received by the Corporation from any source, after the payment of all debts and obligations of the Corporation, shall be used or distributed as proved by law to one or more not -for -profit organizations (as determined by the Corporation), as described in the Code. Any such assets not so disposed of shall be disposed by the Circuit Court of Miami -Dade County, Florida, exclusively for such purposes or to such organizations, as said court shall determine, which are organized and operated exclusively for such purposes. 3 ARTICLE XI REGISTERED OFFICE AND AGENT The registered office of this Corporation is at , Miami, Florida , and the registered agent of this Corporation at such office is . The Board of Directors of the Corporation may from time to time designate such other person as its registered agent or such other address and place for the registered office of the Corporation as it may deem appropriate. ARTICLE XII INITIAL INCORPORATOR The Initial Incorporator of the Corporation who is executing these Articles of Incorporation is , whose address is c/o, , Miami, Florida, The undersigned Incorporator has executed these Articles of Incorporation as of , 2015. , Incorporator 4 ACCEPTANCE OF APPOINTMENT As REGISTERED AGENT Laving been named as registered agent for the above -named corporation at the place designated in these Articles of Incorporation, I hereby accept the appointment as registered agent and agree to act in this capacity. I further agree to comply with the provisions of all statutes relating to the proper and complete performance of my duties, and I am familiar with and accept the obligations of my position as registered agent as provided for in Chapter 617, Florida Statutes. , Registered Agent Dated: , 2015 5 41324.0002 #4388999 v3 8/18/2015 2:17 PM