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HomeMy WebLinkAbout25529AGREEMENT INFORMATION AGREEMENT NUMBER 25529 NAME/TYPE OF AGREEMENT CBRE DESCRIPTION PROPOSAL & CONTRACT FOR SERVICES/WATSON HARBOUR APPRAISAL $20,000/FILE ID: 25-490 EFFECTIVE DATE ATTESTED BY TODD B. HANNON ATTESTED DATE 3/31/2025 DATE RECEIVED FROM ISSUING DEPT. 4/1/2025 NOTE DOCUSIGN AGREEMENT BY EMAIL CITY OF MIAMI DOCUMENT ROUTING FORM ORIGINATING DEPARTMENT: Department of Procurement DEPT. CONTACT PERSON: Aimee Gandarilla / James Griffin NAME OF OTHER CONTRACTUAL PARTY/ENTITY: CBRE, Inc. EXT. 1906/1949 IS THIS AGREEMENT TO BE EXPEDITED/RUSH: TOTAL CONTRACT AMOUNT: $ TYPE OF AGREEMENT: ❑ MANAGEMENT AGREEMENT ❑ PROFESSIONAL SERVICES AGREEMENT ❑ GRANT AGREEMENT ❑ EXPERT CONSULTANT AGREEMENT ❑ LICENSE AGREEMENT OTHER: (PLEASE SPECIFY) ■ FUNDING INVOLVED? YES YES ❑ PUBLIC WORKS AGREEMENT ❑ MAINTENANCE AGREEMENT ❑ INTER -LOCAL AGREEMENT ❑ LEASE AGREEMENT ❑ PURCHASE OR SALE AGREEMENT NO NO PURPOSE OF ITEM (DETAILED SUMMARY): CBRE - Watson Harbour Appraisal COMMISSION APPROVAL DATE: FILE ID: ENACTMENT NO.: IF THIS DOES NOT REQUIRE COMMISSION APPROVAL, PLEASE EXPLAIN: ROUTING INFORMATION Date PLEASE PRINT AND SIGN APPROVAL BY DIRECTOR/CHIEF PROCUREMENT OFFICER March 24, 2025A11nt 2519In$, Cp PO SIGNATURE:II('miss,, Carob, AF SUBMITTED TO RISK MANAGEMENT March 24, 2025 Ann -Marie Sharpe I 13:05: 37 EDT SIGNATURE: Fray& ow,vy SUBMITTED TO CITY ATTORNEY Matter 25-490 March 25, 2025 George K. Wysong III I 12:46:49-smv. SIGNATURE: '', , ✓` wYoms) lit APPROVAL BY ASSISTANT CITY MANAGER, CHIEF FINANCIAL OFFICER March 31, 2025 Larry Spring CPA I 14: 56: 41 EDT SIGNATURE: i fah SP�4 APPROVAL BY ASSISTANT CITY MANAGER, CHIEF OF OPERATIONS Barbara Hernandez, MPA SIGNATURE: APPROVAL BY ASSISTANT CITY MANAGER, CHIEF OF INFRASTRUCTURE Asael Marrero SIGNATURE: APPROVAL BY DEPUTY CITY MANAGER Natasha Colebrook -Williams SIGNATURE: RECEIVED BY CITY MANAGER March 31, 2025 Arthur Noriega V I 15: 32 : 53 EDT Doc, gyeb by SIGNATURE: N c.�4444:1.1:40.4 SUBMITTED TO THE CITY CLERK March 31, 2025 Todd Hannon I 18: 48: 20 EDT SIGNATURE• C -- �_�� PLEASE ATTACH THIS ROUTING FORM TO ALL DOCUMENTS THAT REQUIRE EXECUTION BY THE CITY MANAGER City of Miami Office of the City Attorney Legal Services Request To: Office of the City Attorney From: Justin Griffin Contact Person Sr. Procurement Contracting Officer Title Legal Service Requested: Matter 25-490: CBRE - Watson Harbour Appraisal 3/24/2025 Date: Procurement Requesting Client (305) 416-1949 Telephone Complete form and forward to the Office of the City Attorney or e-mail to Legal Services. Do not assume that the Office of the City Attorney knows the background of the question and/or issue, such as opinions on the same or similar issues, the existence of relevant memos, correspondence, etc. Please attach to this form and/or e-mail all pertinent information relating to the subject. Once your request has been assigned, an e-mail will be sent to you with the Assigned Attorney's name and the issued matter identification number. All attorneys in the Office of the City Attorney shall fully comply with the Rules Regulating the Florida Bar. For Legal Services requesting an opinion from the Office of the City Attorney: nlssue opinion in writing. Publish opinion after issuance. Authorized by: Annie Perez Date response requested by: BELOW PORTION TO BE COMPLETED BY THE OFFICE OF THE CITY ATTORNEY Assigned Attorney: Date: File No. Approved by: Ultimate Client: Comments: D / R Date: Copy returned to Requesting Client Type: Matrix: Category: Copy to Ultimate Client rev. 04/14/2017 AGREEMENT/AMENDMENT OVERVIEW AGREEMENT TITLE: Appraisal of Watson Harbour by CBRE - Matter ID 25-490 1. AWARD DELEGATED AUTHORITY: IZI Chief Procurement Officer — Authority level of $25,000.00 ❑ City Manager — Authority level of $ ❑ City Commission — RESOLUTION No. 2. PROCUREMENT METHOD: ❑ RFP/RFQ ❑ IFB ❑ ITB ❑ SOLE SOURCE ❑ PIGGY -BACK ❑ COOPERATIVE IZI PROFESSIONAL SERVICES UNDER $25,000 3. TYPE OF AGREEMENT: ❑ PROFESSIONAL SERVICES AGREEMENT ❑ EXPERT CONSULTANT AGREEMENT ❑ SOFTWARE AS A SERVICE AGREEMENT ❑ LEASE AGREEMENT ❑ OPERATOR AGREEMENT ❑ CONCESSION AGREEMENT IZI OTHER (Please explain): Engagement Letter approved by City Attorney 4. IF THIS IS AN AMENDMENT, WHAT IS THE NUMBER OF THE AMENDMENT AND WHAT DOES THIS AMENDMENT DO (INCREASE CAPACITY, CHANGE IN TERMS, ETC) BE SPECIFIC AND INCLUDE THE PAGE NUMBER(S) THAT SPECIFIES WHAT IS BEING AMENDED ON THE CONTRACT. N/A 5. WAS THE AMENDMENT APPROVED BY THE CITY COMMISSION? ❑ YES ❑ NO IF YES, WHAT IS THE RESOLUTION NUMBER? N/A 6. WHAT IS THE SCOPE OF SERVICES? Appraisal Services 7. IF CITYWIDE, WHAT ARE THE MOST FREQUENT USER DEPARTMENTS? N/A 8. IS THE AWARDEE INCUMBENT? N/A Updated 1/29/2025 9. IS THE PRICING HIGHER, LOWER OR THE SAME AS THE CURRENT CONTRACT? N/A 10.WHEN DOES THE CURRENT CONTRACT EXPIRE? N/A 11. WHAT WAS THE PREVIOUS SPEND ON THE CURRENT CONTRACT? N/A 12.WHAT IS THE METHOD OF AWARD (Group, Item by Item etc.)? PROFESSIONAL SERVICES UNDER $25,000 Updated 1/29/2025 VALUATION & ADVISORY SERVICES Proposal and Contract for Services CBRE March 25, 2025 Jay Scott Bureau of Appraisal Division of State Lands Department of Environmental Protection 3900 Commonwealth Blvd.-MS1 10 Tallahassee, FL 32399 (850) 245-2667 Jay.F.Scott@FloridaDEP.gov And, David Pivovarov Assistant Director Dept. of Real Estate & Asset Management (DREAM) City of Miami 444 SW 2nd Ave Miami, FL 33130 Phone: 305-570-7670 Email: dpivovarov@miamigov.com RE: Assignment Agreement I CB25US006577 Watson Harbour, 888 MacArthur Causeway Miami, FL 33132 Dear Mr. Scott and Mr. Pivovarov: CBRE, Inc. 111 West Oak Avenue, Suite 100 Tampa, FL 33602 www.cbre.us/valuation Kristin Repp, MAI VAS - Managing Director We are pleased to submit this proposal and our Terms and Conditions for this assignment. This instrument and its attachments constitute the sole and final agreement of the parties relating to the subject matter hereof and correctly set forth the rights, duties, and obligations of each to the other as of its date. Any prior agreements, promises, negotiations, or representations not expressly set forth in this Agreement are of no force or effect. PRC.)FOSAL SPECIFICATIONS Purpose: Premise: To estimate the Market Value of the referenced real estate As Is, As Deed Restricted for Limited Public Use and As If Unrestricted with Deed Restriction removed and available to be put to the highest and best use. www.cbre.us/valuation CBRE VALUATION & ADVISORY SERVICES City of Miami Assignment Agreement I CB24US081003 Page 2 of 14 March 25, 2025 Rights Appraised: Fee Simple, Leased Fee and Leasehold (as appropriate). The subject is a 3.2-acre vacant site currently encumbered by a limited public use deed restriction and a long-term ground lease. We will estimate the market value As Is, As Deed Restricted and As If Unrestricted by the Deed Restriction and available to be put to its highest and best use. We will also provide an opinion of the net present value of the income stream projected to be received by the City per the terms of the leases, based on a 99-year term and based on the sale of residential units and operation of the hotel rooms, and commercial space that is to be constructed on the site, including the reversionary interest value. Intended Use: Disposition Due Diligence Intended User: Reliance: The intended user is City of Miami and Bureau of Appraisal Division of State Lands Department of Environmental Protection ("Client"), and such other parties and entities (if any) expressly recognized by CBRE as intended users (each an "Intended Users" and collectively the "Intended Users") provided that any Intended User's use of, and reliance upon, any report produced by CBRE under this Agreement shall be subject to the Terms and Conditions attached hereto and incorporated herein (including, without limitation, any limitations of liability set forth in the attached Terms and Conditions). Reliance on any reports produced by CBRE under this Agreement is extended solely to parties and entities expressly acknowledged in a signed writing by CBRE as Intended Users of the respective reports, provided that any conditions to such acknowledgement required by CBRE or hereunder have been satisfied. Parties or entities other than Intended Users who obtain a copy of the report or any portion thereof (including Client if it is not named as an Intended User), whether as a result of its direct dissemination or by any other means, may not use or rely upon any opinions or conclusions contained in the report or such portions thereof, and CBRE will not be responsible for any unpermitted use of the report, its conclusions or contents or have any liability in connection therewith. Unless otherwise expressly identified in this Agreement, www.cbre.us/valuation CBRE VALUATION & ADVISORY SERVICES City of Miami Assignment Agreement I CB24US081003 Page 3 of 14 March 25, 2025 Scope of Inspection: Valuation Approaches: Report Type: Appraisal Standards: Appraisal Fee: Expenses: Retainer: Payment Terms: Delivery Instructions: Delivery Schedule: there are no third -party beneficiaries of this Agreement pertaining to this appraisal assignment or any reports produced by CBRE under this Agreement, and no other person or entity shall have any right, benefit or interest under this Agreement or with respect to any reports produced by CBRE under this Agreement. A full interior and exterior inspection of the property will be conducted and arranged with the property contact and performed by CBRE Valuations. If this expected property inspection is not possible due to unforeseen issues (such as lack of on -site personnel cooperation, physical obstructions, or appraiser/property contact health and safety concerns), the client will be promptly advised. The client may continue this assignment based on other inspection options agreed upon by CBRE and client or provide CBRE with a written notice to cancel. If CBRE determines that a credible appraisal result cannot be achieved due to inspection limitations, it will promptly provide the client with a written cancellation of this assignment. All three traditional approaches to value will be considered. Appraisal Report USPAP $20,000.00. If cancelled by either party before a completion, the fee will be based on CBRE's hourly rates ($400.00 per hour) for the time expended; plus actual expenses. Fee includes all associated expenses except to the extent otherwise provided in the attached Terms and Conditions. A retainer is not required for this assignment. Final payment is due upon delivery of the final report or within forty five (45) days of your receipt of the report, whichever is sooner. The full appraisal fee is considered earned upon delivery of the draft report. We will invoice you for the assignment in its entirety at the completion of the assignment. CBRE encourages our clients to join in our environmental sustainability efforts by accepting an electronic copy of the report. An Adobe PDF file via email will be delivered to dpivovarov@miamigov.com. The client has requested 0 bound final copy (ies). www.cbre.us/val uati on CBRE VALUATION & ADVISORY SERVICES City of Miami Assignment Agreement I CB24US081003 Page 4 of 14 March 25, 2025 Preliminary Value: Draft Report: Final Report: Start Date: Acceptance Date: Not required Not required 20 business days The appraisal process will start upon receipt of your signed agreement and the property specific data. These specifications are subject to modification or withdrawal if this proposal is not accepted within 5 business days from the date of this letter. When executed and delivered by all parties, this letter, together with the Terms and Conditions and the Specific Property Data Request attached hereto and incorporated herein, will serve as the Agreement for appraisal services by and between CBRE and Client. Each person signing below represents that it is authorized to enter into this Agreement and to bind the respective parties, including all intended users, hereto. We appreciate this opportunity to be of service to you on this assignment. If you have additional questions, please contact us. Sincerely, CBRE, Inc. Valuation & Advisory Services Kristin Repp, MAI VAS - Managing Director As Agent for CBRE, Inc. T 813.868.8001 Kristin.Repp@cbre.com www.cbre.us/val uati on CBRE VALUATION & ADVISORY SERVICES City of Miami Assignment Agreement I CB24US081003 Page 5 of 14 March 25, 2025 PROPERTY NAME PROPERTY LOCATION MI REPORT TYPE APPRAISAL FEES Watson Harbour Assignment Total: 888 MacArthur Causeway Miami, FL 33132 Appraisal Report $20,000.00 $20,000.00 www.cbre.us/val uati on CBRE VALUATION & ADVISORY SERVICES City of Miami Assignment Agreement I CB24US081003 Page 6of14 March 18, 2025 AGREED AND ACCEPTED IN WITNESS WHEREOF, the Parties have executed this Agreement, or have caused the same to be executed, as of the date and year first above written. ATTEST: By: "CBRE" CBRE, a Delaware profit corporation By: Name: Trey Starling Name: Kristin Repp Title: Director - Workflow Mgt. ATTEST: By: Signed by: � ToddB. Hannon B. City Clerk Title: Managing Director "CITY" CITY OF MIAMI, a Florida municipal corporation By: 841370.75DEPI1B Arthur Noriega V City Manager APPROVED AS TO LEGAL FORM AND APPROVED AS TO INSURANCE CORRECTNESS: DS REQUIREMENTS: F By: L4.or/._k wysow� III By: �950s3,az,aE,ramk Gow George K. Wysong III Matter 25-490 Ann -Marie Sharpe, Director City Attorney Risk Management www. c b re. u s/val u ati on CBRE VALUATION & ADVISORY SERVICES City of Miami Assignment Agreement I CB24US081003 Page 7 of 14 March 25, 2025 ADDITIONAL OPTIONAL SERVICES Assessment & Consulting Services: CBRE's Assessment & Consulting Services group has the capability of providing a wide array of solution -oriented due diligence services in the form of property condition and environmental site assessment reports, ALTA Surveys, and other necessary due diligence service (seismic risk analysis, zoning compliance service, construction risk management, annual inspections, etc.). Initial below if you desire CBRE to contact you to discuss a proposal for any part or the full complement of consulting services, or you may reach out to us at ALswlroposais(Q cure.coni. We will route your request to the appropriate manager. For more information, please visit www.cbre.com/assessment. www.cbre.us/val uati on CBRE VALUATION & ADVISORY SERVICES City of Miami Assignment Agreement I CB24US081003 Page 8 of 14 March 25, 2025 TERMS AND CONDITIONS 1. The Terms and Conditions herein are part of an assignment agreement (the "Agreement") for appraisal services ("Services") between CBRE, Inc. ("CBRE") and the client signing this Agreement and for whom the Services will be performed (the "Client") for the property identified herein (the "Property") and shall be deemed a part of such Agreement as though fully set forth therein. In addition, with respect to any appraisal report prepared by CBRE pursuant to the Agreement (the "Report"), any use of, or reliance on, the Report by any Intended User constitutes acceptance of these Terms and Conditions as well as acceptance of all qualifying statements, limiting conditions, and assumptions stated in the Report. The Agreement shall be governed and construed by the laws of the state of Florida without regard to conflicts of laws principles. 2. Client shall be responsible for the payment of all fees stipulated in this Agreement. Payment of the fees and preparation of the Report are not contingent upon any predetermined value or on any action or event resulting from the analyses, opinions, conclusions, or use of the Report. Final payment is due as provided in the Proposal Specifications Section of this Agreement. If a draft Report is requested, the fee is considered earned upon delivery of the draft Report. It is understood that the Client may cancel this assignment in writing at any time prior to delivery of the completed Report. In such event, the Client is obligated to pay CBRE for the time and expenses incurred (including, but not limited to, travel expenses to and from the job site) prior to the effective date of cancellation, with a minimum charge of $500. Hard copies of the Reports are available at a cost of $250 per original color copy and $100 per photocopy (black and white), plus shipping fees of $30 per Report. 3. CBRE shall have the right to terminate this Agreement at any time for cause upon written notice to Client on the occurrence of fraud or the willful misconduct of Client, its employees or agents. 4. In the event Client fails to make payments when due then, from the date due until paid, the amount due and payable shall bear interest at the maximum rate permitted. EACH PARTY, AFTER HAVING THE OPPORTUNITY TO CONSULT WITH COUNSEL OF ITS CHOICE, KNOWINGLY AND VOLUNTARILY, WAIVES ANY RIGHT TO TRIAL BY JURY IN THE EVENT OF LITIGATION IN ANY WAY RELATED TO THIS AGREEMENT. 5. CBRE assumes there are no major or significant items or issues affecting the Property that would require the expertise of a professional building contractor, engineer, or environmental consultant for CBRE to prepare a valid Report hereunder. Client acknowledges that such additional expertise is not covered in the fee and agrees that, if such additional expertise is required, it shall be provided by others at the discretion and direction of the Client, and solely at Client's additional cost and expense. 6. Client acknowledges that CBRE is being retained hereunder as an independent contractor to perform the Services described herein and nothing in this Agreement shall be deemed to create any other relationship between Client and CBRE. Unless otherwise stated in this Agreement, Client shall not designate or disclose CBRE or any of its agents or employees as an expert or opinion witness in any court, arbitration, or other legal proceedings without the prior written consent of CBRE. 7. This assignment shall be deemed concluded and the Services hereunder completed upon delivery to Client of the Report discussed herein. www.cbre.us/val uati on CBRE VALUATION & ADVISORY SERVICES City of Miami Assignment Agreement I CB24US081003 Page 9 of 14 March 25, 2025 8. All statements of fact in the Report which are used as the basis of CBRE's analyses, opinions, and conclusions will be true and correct to CBRE's actual knowledge and belief. CBRE does not make any representation or warranty, express or implied, as to the accuracy or completeness of the information or the condition of the Property furnished to CBRE by Client or others. TO THE FULLEST EXTENT PERMITTED BY LAW, CBRE DISCLAIMS ANY GUARANTEE OR WARRANTY AS TO THE OPINIONS AND CONCLUSIONS PRESENTED ORALLY OR IN ANY REPORT, INCLUDING WITHOUT LIMITATION ANY WARRANTY OF FITNESS FOR ANY PARTICULAR PURPOSE EVEN IF KNOWN TO CBRE. Furthermore, the conclusions and any permitted reliance on and use of the Report shall be subject to the assumptions, limitations, and qualifying statements contained in the Report. 9. CBRE shall have no responsibility for legal matters, including zoning, or questions of survey or title, soil or subsoil conditions, engineering, or other similar technical matters. The Report will not constitute a survey of the Property analyzed. 10. Client shall provide CBRE with such materials with respect to the assignment as are requested by CBRE and in the possession or under the control of Client. Client shall provide CBRE with sufficient access to the Property to be analyzed, and hereby grants permission for entry unless discussed in advance to the contrary. 11. With respect to Client Information provided by Client, CBRE shall not violate the confidential nature of the appraiser - client relationship by improperly disclosing any confidential and proprietary Client Information furnished to CBRE. Notwithstanding the foregoing to the contrary, CBRE is authorized by Client to disclose all or any portion of the Report and related data as may be required by applicable law, statute, government regulation, legal process, or judicial decree, including to appropriate representatives of the Appraisal Institute if such disclosure is required to enable CBRE or its employees and agents to comply with the Bylaws and Regulations of the Appraisal Institute as now or hereafter in effect. 12. Unless specifically noted, in preparing the Report CBRE will not be considering the possible existence of asbestos, PCB transformers, or other toxic, hazardous, or contaminated substances and/or underground storage tanks (collectively, "Hazardous Materials") on or affecting the Property, or the cost of encapsulation or removal thereof. Further, Client represents that there are no major or significant repairs, improvements or deferred maintenance of the Property that would require the expertise of a professional cost estimator, engineer, architect or contractor. If any such repairs, improvements or maintenance are needed, the estimates for such repairs, improvements or maintenance are to be prepared by other parties pursuant to a separate written agreement in Client's sole discretion and direction, and are not deemed part of the Services or otherwise covered as part of the fee hereunder. 13. In the event Client intends to use the Report in connection with a tax matter, Client acknowledges that CBRE provides no warranty, representation or prediction as to the outcome of such tax matter. Client understands and acknowledges that any relevant taxing authority (whether the Internal Revenue Service or any other federal, state or local taxing authority) may disagree with or reject the Report or otherwise disagree with Client's tax position, and further understands and acknowledges that the taxing authority may seek to collect additional taxes, interest, penalties or fees from Client beyond what may be suggested by the Report. Client agrees that CBRE shall have no responsibility or liability to Client or any other party for any such taxes, interest, penalties or fees and that Client will not seek damages or other compensation from CBRE relating to any such taxes, interest, penalties or fees imposed on Client, or for any attorneys' fees, costs or other expenses relating to Client's tax matters. 14. LIMITATION OF LIABILITY. NOTWITHSTANDING ANY PROVISION OF THIS AGREEMENT TO THE CONTRARY: (A) EXCEPT TO THE EXTENT ARISING FROM SECTION 16, OR SECTION 17 IF APPLICABLE, IN NO EVENT SHALL EITHER PARTY OR ANY OF ITS AFFILIATES, OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, OR CONTRACTORS BE LIABLE TO THE OTHER PARTY, FOR ANY LOST OR PROSPECTIVE PROFITS OR ANY OTHER INDIRECT, CONSEQUENTIAL, SPECIAL, INCIDENTAL ANDPUNITIVELOSSES. (B) CBRE SHALL HAVE NO LIABILITY WITH RESPECT TO ANY LOSS, DAMAGE, CLAIM OR EXPENSE INCURRED BY OR ASSERTED AGAINST CLIENT ARISING OUT OF, BASED UPON OR RESULTING FROM CLIENT'S OR ANY INTENDED USER'S FAILURE TO PROVIDE ACCURATE OR COMPLETE INFORMATION OR DOCUMENTATION PERTAINING TO ANY SERVICES OR REPORT ORDERED UNDER OR IN CONNECTION WITH THIS AGREEMENT, www.cbre.us/valuation CBRE VALUATION & ADVISORY SERVICES City of Miami Assignment Agreement I CB24US081003 Page l0 of 14 March 25, 2025 INCLUDING CLIENT'S OR ANY INTENDED USER'S FAILURE, OR THE FAILURE OF ANY OF CLIENT'S OR ANY INTENDER USER'S RESPECTIVE OFFICERS, DIRECTORS, MEMBERS, PRINCIPALS, AGENTS OR EMPLOYEES, TO PROVIDE A COMPLETE AND ACCURATE COPY OF THE REPORT TO ANY THIRD PARTY. CBRE SHALL HAVE NO LIABILITY WHATSOEVER FOR REPORTS OR DELIVERABLES THAT ARE SUBMITTED IN DRAFT FORM. (C) THE LIMITATIONS OF LIABILITY IN SUBSECTIONS 15(A) AND 15(B) ABOVE SHALL NOT APPLY IN THE EVENT OF A FINAL FINDING BY A COURT OF COMPETENT JURISDICTION THAT SUCH LIABILITY IS THE RESULT OF A PARTY'S FRAUD OR WILLFUL MISCONDUCT. 15. (a) I n no event shall the receipt of a Report by such party extend any right to the party to use and rely on such Report, and CBRE shall have no liability for such unauthorized use and reliance on any Report. 16. Time Period for Legal Action. Unless the time period is shorter under applicable law, except in connection with Section16 and Section 17, CBRE and Client agree that any legal action or lawsuit by one party against the other party or its affiliates, officers, directors, employees, contractors, agents, or other representatives, whether based in contract, warranty, indemnity, negligence, strict liability or other tort or otherwise, relating to (a) this Agreement, (b) any Services or Reports under this Agreement or (c) any acts or conduct relating to such Services or Reports, shall be filed within two (2) years from the date of delivery to Client of the Report to which the claims or causes of action in the legal action or lawsuit relate. The time period stated in this section shall not be extended by any incapacity of a party or any delay in the discovery or accrual of the underlying claims, causes of action or damages. 17. Miscellaneous. (a) This Agreement contains the entire agreement and understanding of the parties with respect to the subject matter hereof. This Agreement may not be amended, modified or discharged, nor may any of its terms be waived except by written agreement of both parties. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which shall constitute one and the same instrument. A signed copy of this Agreement transmitted by facsimile, email, or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original executed copy of this Agreement for all purposes. (b) Neither party shall assign this Agreement in whole or in part (other than by operation of law) to any person or entity without the prior written consent of the other party. Subject to the foregoing, this Agreement and all of its provisions shall be binding upon and shall inure to the benefit of the parties and their respective successors and permitted assigns. (c) No consent or waiver, either expressed or implied, by a party to or of any breach or default, shall be construed to be a consent or waiver to or of any other breach or default in the performance of any obligations hereunder. Failure of a party to complain or declare the other party in default shall not constitute a waiver by such party of rights and remedies hereunder. (d) Except as hereinafter provided, no delay or failure in performance by a party shall constitute a default hereunder to the extent caused by Force Majeure. Unless the Force Majeure substantially frustrates performance of the Services, Force Majeure shall not operate to excuse, but only to delay, performance of the Services. If Services are delayed by reason of Force Majeure, CBRE promptly shall notify Client. Once the Force Majeure event ceases, CBRE shall resume performance of the Services as soon as possible. As used herein, "Force Majeure" means any event beyond the control of the Party claiming inability to perform its obligations and which such Party is unable to prevent by the exercise of reasonable diligence, including, without limitation, the combined action of workers, fire, acts of terrorism, catastrophes, changes in laws, condemnation of property, governmental actions or delays, national emergency, war, civil disturbance, floods, unusually severe weather conditions, endemic or pandemic, or other acts of God. Inability to pay or financial hardship shall not constitute Force Majeure regardless of the cause thereof and whether the reason is outside a party's control. (e) Any provision of this Agreement that, by its language, contemplates performance or observation subsequent to any termination or expiration of this Agreement shall survive such termination or expiration and shall continue in full force and effect. (f) If any provision of this Agreement, or application thereof to any person or circumstance, shall to any extent be invalid, then such provision shall be modified, if possible, to fulfill the intent of the parties reflected in the original provision. The remainder of this Agreement, or the application of such provision to person or circumstance other than those as to which it is held invalid, shall not be affected thereby, and each provision of this Agreement shall be valid and enforced to the fullest extent permitted by law. 18. ANTITRUST VIOLATOR VENDORS www.cbre.us/valuation CBRE VALUATION & ADVISORY SERVICES City of Miami Assignment Agreement I CB24US081003 Page 11 of 14 March 25, 2025 A person or an affiliate who has been placed on the Antitrust Violator Vendors List following a conviction or being held civilly liable for an antitrust violation may not submit a bid, proposal, or reply on any agreement to provide any goods or services to a public entity; may not submit a bid, proposal, or reply on any agreement with a public entity for the construction or repair of a public building or public work; may not submit a bid, proposal, or reply on leases of real property to a public entity; may not be awarded or perform work as a grantee, supplier, subcontractor, or consultant under an agreement with a public entity; and may not transact new business with a public entity. 19. ANTI -HUMAN TRAFFICKING CBRE confirms and certifies that it is not in violation of Section 787.06, Florida Statutes, and that it does not and shall not use "coercion" for labor or services as defined in Section 787.06, Florida Statutes. CBRE shall execute and submit to the City an Affidavit, of even date herewith, in compliance with Section 787.06(13), Florida Statutes, attached an incorporated herein as "Anti -Human Trafficking Affidavit". If CBRE fails to comply with the terms of this Section, the City may suspend or terminate this Agreement immediately, without prior notice, and in no event shall the City be liable to CBRE for any additional compensation or for any consequential or incidental damages. The "Anti -Human Trafficking Affidavit" required as of the Effective Date of this Agreement is attached hereto as Exhibit "A'- and incorporated herein by this reference. It is MANDATORY for CBRE to return this form executed along with this Agreement. 20. E-VERIFY By entering into this Agreement, CBRE and its subcontractors are jointly and severally obligated to comply with the provisions of Section 448.095, Florida Statutes, as amended, titled "Employment Eligibility." CBRE affirms that (a) it has registered and uses the U.S. Department of Homeland Security's E-Verify system to verify the work authorization status of all new employees of CBRE; (b) it has required all subcontractors to this Agreement to register and use the E-Verify system to verify the work authorization status of all new employees of the subconsultant; (c) it has an affidavit from all subcontractors to this Agreement attesting that the subconsultant does not employ, contract with, or subcontract with, unauthorized aliens; and (d) it shall maintain copies of any such affidavits for the duration of the Agreement. Registration information is available at: http://www.uscis.gov/e-verify. If City has a good faith belief that CBRE has knowingly violated Section 448.09(1), Florida Statutes, then City shall terminate this Agreement in accordance with Section 448.095(5)(c), Florida Statutes. In the event of such termination, CBRE agrees and acknowledges that it may not be awarded a public contract for at least one (1) year from the date of such termination and that CBRE shall be liable for any additional costs incurred by the City because of such termination. In addition, if City has a good faith belief that a subcontractor has knowingly violated any provisions of Sections 448.09(1) or 448.095, Florida Statutes, but CBRE has otherwise complied with its requirements under those statutes, then CBRE agrees that it shall terminate its contract with the subcontractor upon receipt of notice from the City of such violation by subcontractor in accordance with Section 448.095(5)(c), Florida Statutes. Any challenge to termination under this provision must be filed in the Circuit or County Court by the City, CBRE, or subcontractor no later than twenty (20) calendar days after the date of Agreement termination. 21. NO THIRD -PARTY BENEFICIARY No persons other than CBRE and the City (and their successors and assigns) shall have any rights whatsoever under this Agreement. 22. PUBLIC RECORDS A. CBRE understands that the public shall have access, at all reasonable times, to all documents and information pertaining to City agreements, subject to the provisions of Chapter 119, Florida Statutes, and agrees to allow access by the City and the public to all documents subject to disclosure under applicable laws. CBRE's failure or refusal to comply with the provisions of this section shall result in the immediate cancellation of this Agreement by the City. B. CBRE 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) if required, 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 that are exempt or confidential and exempt from disclosure are not disclosed except as authorized by law; (4) meet all requirements for retaining public records and transfer, at no cost, to the City all public records in its possession upon termination of this Agreement and destroy any duplicate public records that are exempt or confidential and exempt from disclosure requirements; and, (5) provide all electronically stored www.cbre.us/valuation CBRE VALUATION & ADVISORY SERVICES City of Miami Assignment Agreement I CB24US081003 Page 12 of 14 March 25, 2025 public records that must be provided to the City in a format compatible with the City's information technology systems. Notwithstanding the foregoing, CBRE shall be permitted to retain any public records that make up part of its work product solely as required for archival purposes, as required by law, or to evidence compliance with the terms of the Agreement. C. SHOULD CBRE DETERMINE TO DISPUTE ANY PUBLIC ACCESS PROVISION REQUIRED BY FLORIDA STATUTES, THEN CBRE SHALL DO SO AT ITS OWN EXPENSE AND AT NO COST TO THE CITY. IF CBRE HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO CBRE'S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THE CONTRACT, CONTACT THE CUSTODIAN OF PUBLIC RECORDS AT (305) 416-1800, VIA EMAIL AT PUBLICRECORDS@MIAMIGOV.COM, OR REGULAR MAIL AT CITY OF MIAMI OFFICE OF THE CITY ATTORNEY, 444 SW 2ND AVENUE, 9TH FLOOR, MIAMI, FL 33130. THE CONSULTANT MAY ALSO CONTACT THE RECORDS CUSTODIAN AT THE CITY OF MIAMI DEPARTMENT WHO IS ADMINISTERING THIS CONTRACT. 23. NO CONFLICT OF INTEREST Pursuant to the City of Miami Code Section 2-611, as amended ("City Code"), regarding conflicts of interest, CBRE hereby certifies to the City that no individual member of CBRE, no employee, and no subcontractor under this Agreement nor any immediate family member of any of the same is also city employee or a member of any board, commission, or agency of the City. CBRE hereby represents and warrants to the City that throughout the term of this Agreement, CBRE, its employees, and its subcontractors will abide by this prohibition of the City Code. CBRE additionally agrees during the term of this Agreement not to serve as a paid expert witness, affiant or otherwise furnish evidence adverse to the City in a Claim brought against the City by any third party. 24. VENUE This Agreement shall be construed and enforced according to the laws of the State of Florida. Venue in any proceedings between the parties shall lie exclusively in the state and federal courts located in Miami -Dade County, Florida. For any disputes arising under this Agreement, excluding those regarding CBRE's indemnification obligations, each party shall bear its own attorney's fees. Each party waives any defense, whether asserted by motion, memorandum, or pleading, that the aforementioned courts are an improper or inconvenient venue. Moreover, the parties consent to the personal jurisdiction of the aforementioned courts and irrevocably waive any objections to said jurisdiction. 25. NOTICES All notices or other communications required under this Agreement shall be in writing and shall be given by hand -delivery or by registered or certified U.S. Mail, return receipt requested, addressed to the other party at the address indicated herein or to such other address as a party may designate by notice given as herein provided. Notice shall be deemed given on the day on which personally delivered; or, if by mail, on the fifth day after being posted or the date of actual receipt, whichever is earlier. AS TO CBRE: Name: Kristin Repp Title: Managing Director Address 1: 11 W. Oak Ave. Address 2: Suite 100, Tampa, FL 33602 Email: Kristin.Repp@CBRE.com AS TO THE CITY: Art Noriega City Manager 444 SW 2'd Avenue, 10" Floor Miami, FL 33130 anoriegac miamigov.com WITH A COPY TO: George K. Wysong III City Attorney 444 SW 2°d Avenue, 9th Floor Miami, FL 33130 gwysong@ miamigov.com Annie Perez, CPPO www.cbre.us/valuation CBRE VALUATION & ADVISORY SERVICES City of Miami Assignment Agreement I CB24US081003 Page 13 of 14 March 25, 2025 Director/Chief Procurement Officer 444 SW 2^d Avenue, 6tth Floor Miami, FL 33130 aperez@miamigov.com 26. INSURANCE A. CBRE shall, at all times during the term hereof, maintain such insurance coverage(s) as may be required by the City. The insurance coverage(s) required as of the Effective Date of this Agreement are attached hereto as Exhibit "B" and incorporated herein by this reference. The City's agreement and title number must appear on each certificate of insurance. CBRE shall add the City of Miami as an additional insured to its commercial general liability, and auto liability policies, and as a named certificate holder on all policies. CBRE shall correct any insurance certificates as requested by the City Risk Management Director. All such insurance, including renewals, shall be subject to the approval of the City for adequacy of protection and evidence of such coverage(s) and shall be furnished to the City Risk Management Director on Certificates of Insurance indicating such insurance to be in force and effect and any cancelled or non -renewed policy will be replaced with no coverage gap and a current Certificate of Insurance will be provided. Completed Certificates of Insurance shall be filed with the City prior to the performance of Services hereunder, provided, however, that CBRE shall at any time upon request file duplicate copies of the Certificate of Insurance with the City. B. If, in the judgment of the City, prevailing conditions warrant the provision by CBRE of additional liability insurance coverage or coverage which is different in kind, the City Risk Management Director reserves the right to require the provision by CBRE of an amount of coverage different from the amounts or kind previously required and shall afford written notice of such change in requirements thirty (30) days prior to the date on which the requirements shall take effect. Should CBRE fail or refuse to satisfy the requirement of changed coverage within thirty (30) days following the City's written notice, this Agreement shall be considered terminated on the date that the required change in policy coverage would otherwise take effect. C. CBRE understands and agrees that any and all liabilities regarding the use of any of CBRE's employees or any of CBRE's subcontractors for Services related to this Agreement shall be borne solely by CBRE throughout the term of this Agreement and that this provision shall survive the termination of this Agreement. CBRE further understands and agrees that insurance for each employee of CBRE and each subcontractor providing Services related to this Agreement shall be maintained in good standing and approved by the City Risk Management Director throughout the duration of this Agreement. D. CBRE shall be responsible for assuring that the insurance certificates required under this Agreement remain in full force and effect for the duration of this Agreement, including any extensions hereof. If insurance certificates are scheduled to expire during the term of this Agreement and any extension hereof, CBRE shall be responsible for submitting new or renewed insurance certificates to the City Risk Management Director as soon as coverages are bound with the insurers. In the event that expired certificates are not replaced, with new or renewed certificates which cover the term of this Agreement and any extension thereof: (i) the City shall suspend this Agreement until such time as the new or renewed certificate(s) are received in acceptable form by the City Risk Management Director; or (ii) the City may, at its sole discretion, terminate the Agreement for cause and seek re -procurement damages from CBRE in conjunction with the violation of the terms and conditions of this Agreement. E. Compliance with the foregoing requirements shall not relieve CBRE of its liabilities and obligations under this Agreement. 27. INDEMNIFICATION A. CBRE shall indemnify, hold and save harmless, and defend (at its own cost and expense), the City, its officers, agents, directors, departments, and/or employees, from all liabilities, damages, losses, judgements, and costs, including, but not limited to, reasonable attorney's fees, to the extent caused by performance of this Agreement by CBRE, CBRE's compliance and/or noncompliance with the provisions of this Agreement, and all laws and regulations pertaining to CBRE's services which are applicable to the CBRE, negligence, recklessness, negligent act or omission, or intentional wrongful misconduct of CBRE and persons employed or utilized by CBRE in the performance of this Contract. CBRE shall further, hold the City, its officials and employees, indemnify, save and hold harmless for, and defend (at its own cost), the City its officials and/or employees against any civil actions, administrative, regulatory, statutory or similar claims, injuries or damages arising or resulting from the Services. In the event that any action, cause of action, claim, demand or proceeding (collectively "Claim(s)") is brought against the City by reason of any such Claim(s), CBRE shall, upon written notice from the City, resist and defend www.cbre.us/val uati on CBRE VALUATION & ADVISORY SERVICES City of Miami Assignment Agreement I CB24US081003 Page 14 of 14 March 25, 2025 such action or proceeding by counsel reasonably satisfactory to the City Attorney. CBRE expressly understands and agrees that any insurance protection required by this Contract or otherwise provided by CBRE shall in no way limit the responsibility to indemnify, hold, keep and save harmless and defend the City or its officers, employees, agents, and instrumentalities as herein provided. B. The indemnification provided above shall obligate CBRE to defend, at its own expense, to and through trial, mediation, arbitration, administrative, regulatory, appellate, supplemental or bankruptcy proceedings, or to provide for such defense, at the City's option, any and all claims of liability and all suits and actions of every name and description which may be brought against the City, whether performed by CBRE, or persons or entities employed or utilized by CBRE. C. These duties will survive the cancellation or expiration of this Agreement. This Section will be interpreted under the laws of the State of Florida, including without limitation and interpretation, which conforms to the limitations of Sections 725.06 and/or 725.08, Florida Statutes, as they may be applicable, and as they may be amended. D. CBRE shall require all subcontractor agreements to include a provision that each subcontractor will indemnify, hold harmless and defend the City in substantially the same language as this Section. CBRE agrees and recognizes that the City shall not be held liable or responsible for any claims which may result from any actions or omissions of CBRE in which the City participated either through review or concurrence of CBRE's actions. In reviewing, approving or rejecting any submissions by CBRE or other acts of CBRE, the City, in no way, assumes or shares any responsibility or liability of CBRE or subcontractor under this Contract. E. Ten dollars ($10) of the payments made by the City constitute separate, distinct, and independent consideration for the granting of this indemnification, the receipt and sufficiency of which is voluntarily and knowingly acknowledged by CBRE. F. Notwithstanding any other provision in this Agreement, nothing herein is intended to operate as a waiver of the City's sovereign immunity beyond the limitations set forth in Section 762.28, Florida Statutes. www.cbre.us/valuation CBRE Nongove mental Entity Name: ris-II V _ Signature of Officer. Office Address: 11 / W t/ a k ither City of Miami ANTI -HUMAN TRAFFICKING AFFIDAVIT 1. The undersigned affirms, certifies, attests, and stipulates as follows: EXHIBIT B a. The entity is a non-govemmental entity authorized to transact business in the State of Florida and in good standing with the Florida Department of State, Division of Corporations. b. The nongovemmental entity is either executing, renewing, or extending a contract (including, but not limited to, any amendments, as applicable) with the City of Miami ("City") or one of its agencies, authorities, boards, trusts, or other City entity which constitutes a governmental entity as defined in Section 287.138(1), Florida Statutes (2024). c. The nongovernmental entity is not in violation of Section 787.06, Florida Statutes (2024), titled "Human Trafficking." d. The nongovernmental entity does not use "coercion" for labor or services as defined in Section 787.06, Florida Statutes (2024), attached and incorporated herein as Exhibit Affidavit-1. 2. Under penalties of perjury, I declare the following: a. I have read and understand the foregoing Anti -Human Trafficking Affidavit and that the facts, statements and representations provided in Section 1 are true and correct. b. I am an officer or a representative of the nongovernmental entity authorized to execute this Anti - Human Trafficking Affidavit. CQ �nC� Officer Title: M a/ n a 1 10 I rrci-zY Email Address:KrIS11'►n" ftn9 Main Phone Number: FEINNo.e/r l7/' 'hill Chrt• �1Yv STATE OF F1,O6 do-- ) Sul k !U© Tame. FL 33to nZ 8')3 -eth Y-813 01 COUNTY OF {rkii15b0t00cu� y The foregoing instrument w�,g �woornn to and subscribed before me by means ofphysical presence or O online notarization, this din day of f lateen., by �W i S�i ('� Qr.pp , as the authorized officer or representative for the nongovernmental entity.. He/she is personally known ,to me or has produced r4 as identification. (NOTAR RTNEY SNELL issiott # HH 396475 4,2027 My Commission Expires: mcu ..1`1 t 20a7 (Printed, Typed, or S ; ped Name of Notary Public) ___..---, ® �`� o CERTIFICATE OF LIABILITY INSURANCE DATE(MM/DD/YYYY) 03/04/2025 THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER. IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must have ADDITIONAL INSURED provisions or be endorsed. If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s). PRODUCER Aon Ri sk Services Northeast, Inc. Connecticut Office 800 Connecticut Ave Norwalk CT 06854 USA CONTACT NAME: CNo.Ext): PHONEC866) 283-7122 FAX No): (800) 363-0105 (A/ E-MAIL ADDRESS: INSURER(S) AFFORDING COVERAGE NAIC # INSURED CBRE Group, Inc. and Subsidiaries 2121 N. Pearl Street Suite 300 Dallas TX 75201 USA INSURER A: Zurich American Ins Co 16535 INSURER B: ACE Property & Casualty Insurance Co. 20699 INSURERC: Navigators Insurance Co 42307 INSURER D: INSURER E: INSURER F: COVERAGES CERTIFICATE NUMBER: 570111198953 REVISION NUMBER: THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. Limits shown are as requested INSR LTR TYPE OF INSURANCE ADDL INSD SUBR WVD POLICY NUMBER POLICY EFF (MM/DD/YYYY) ROLICY EXP (iMM/DD/YYYY)) LIMITS A X COMMERCIAL GENERAL LIABILITY GL0838419923 03/91/2025 �4 63/01/2026 EACH OCCURRENCE $5,000,000 DAMAGE TO RENTED PREMISES (Ea occurrence) $50, 000 CLAIMS -MADE X OCCUR MED EXP (Any one person) $10 , 000 PERSONAL & ADV INJURY $5,000,000 GEN'L AGGREGATE LIMIT APPLIES PER:allik<11169 POLICY ❑ PRO-X LOC JECT OTHER: GENERAL AGGREGATE $5,000, 000 PRODUCTS - COMP/OPAGG $5,000,000 A AUTOMOBILE X LIABILITY ANY AUTO OWNED SCHEDULED BAP 8384200 23 03/01/2025 03/01/2026 COMBINED SINGLE LIMIT (Ea accident) $5,000,000 BODILY INJURY ( Per person) BODILY INJURY (Per accident) PROPERTY DAMAGE (Per accident) B X UMBRELLA LIAB EXCESS LIAB X OCCUR CLAIMS -MADE /� v 2201119021 03/01/2025 03/01/2026 EACH OCCURRENCE $5,000,000 AGGREGATE $5,000,000 DED X RETENTION $10 000 A A WORKERS COMPENSATION AND EMPLOYERS'LIABILITY ANY PROPRIETOR / PARTNER / EXECUTIVE OFFICER/MEMBER EXCLUDED? (Mandatory in NH) If yes, describe under DESCRIPTION OF OPERATIONS below Y/N N Z ► N/A WC838419526 All Other States WC91473619 Wi sconsi n 03/01/2025 03/01/2025 03/01/2026 03/01/2026 x PER STATUTE OTH- ER E.L. EACH ACCIDENT $1, 000 , 000 E.L. DISEASE -EA EMPLOYEE $1, 000, 000 E.L. DISEASE -POLICY LIMIT $1, 000, 000 DESCRIPTION OF OPERATIONS / LOCATIONS / VEHICLES (ACORD 01, Additional Remarks Schedule, may be attached if more space is required) City of Miami is included as Additional Insured in accordance with the policy provisions of the General Liability, Automobile Liability and Umbrella Liability policies. General Liability policy evidenced herein is Primary and Non -Contributory to other insurance available to an Additional Insured, but only in accordance with the policy's provisions and per the applicable written contract. Umbrella sits excess of and follows form the schedule of underlying General Liability, Automobile Liability and Employer's Liability policies. CERTIFICATE HOLDER CANCELLATION City of Miami Attn: Andrew Frey Department of Real Estate & Asset Management 444 SW 2nd Avenue, 3rd Floor Miami FL 33130 USA SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. AUTHORIZED REPRESENTATIVE Holder Identifier : E 570111198953 Certificate No ACORD 25 (2016/03) ©1988-2015 ACORD CORPORATION. All rights reserved. The ACORD name and logo are registered marks of ACORD CBRE Group, Inc. GLO 8384199-23 Eff 03-01-2025 POLICY NUMBER: GLO 8384199-23 COMMERCIAL GENERAL LIABILITY CG 20 26 04 13 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. ADDITIONAL INSURED - DESIGNATED PERSON OR ORGANIZATION This endorsement modifies insurance provided under the following: COMMERCIAL GENERAL LIABILITY COVERAGE PART SCHEDULE Name Of Additional Insured Person(s) Or Organization(s): Any person or organization that the insured has agreed by written cdratr 'ct or written agreement to name as an additional insured and executed prior to the occur�e ce of any loss. Information required to complete this Schedt';e. if ove, will be shown in the Declarations. A. Section II — Who Is An Insured is amended to include as an additional insured the person(s) o organization(s) shown in the Schedule, but only with respect to liability for "itbdily injury", "property damage" or "personal Nadvertising injury" caused, in whole o i .art, by your acts or omissions or the acts issions of those acting on your behalf: 1. In the performance of your ongoing operations; or 2. In connection with your premises owned by or rented to you. However: 1. The insurance afforded to such additional insured only applies to the extent permitted by law; and 2. If coverage provided to the additional insured is required by a contract or agreement, the insurance afforded to such additional insured will not be broader than that which you are required by the contract or agreement to provide for such additional insured. B. With respect to the insurance afforded to these additional insureds, the following is added to Section III — Limits Of Insurance: If coverage provided to the additional insured is required by a contract or agreement, the most we will pay on behalf of the additional insured is the amount of insurance: 1. Required by the contract or agreement; or 2. Available under the applicable Limits of Insurance shown in the Declarations; whichever is less. This endorsement shall not increase the applicable Limits of Insurance shown in the Declarations. CG 20 26 04 13 © Insurance Services Office, Inc., 2012 Page 1 of 1 Wolters Kluwer Financial Services 1 Uniform FormsT"' ACORO® �� CERTIFICATE OF LIABILITY INSURANCE DATE(MM/DD/YYYY) 03/05/2025 THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER. IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must have ADDITIONAL INSURED provisions or be endorsed. If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s). PRODUCER Aon Risk Services Northeast, Inc. Connecticut Office 800 Connecti cut Ave Norwalk CT 06854 USA CONTACT NAME: PHONE FAX (A/C.No. EXt): (866) 283-7122 (A/C. NO: 8003630105 E-MAIL ADDRESS: INSURER(S) AFFORDING COVERAGE NAIC # INSURED CBRE Group, Inc. and Subsidiaries 2121 N. Pearl Street Suite 300 Dallas TX 75201 USA INSURER A: American International Group UK Ltd AA1120187 INSURERB: INSURERC: INSURER D: INSURER E: INSURER F: COVERAGES CERTIFICATE NUMBER: 570111231619 REVISION NUMBER: THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. Limits shown are as requested INSR LTR TYPE OF INSURANCE ADDL INSD SUBR WVD POLICY NUMBER POLICY EFF (MM/DDNYYY) POLICY EXP (MM/DD/YYYY) LIMITS COMMERCIAL GENERAL LIABILITY EACH OCCURRENCE CLAIMS -MADE ❑ OCCUR PRIESO RENTED PREMISES (Ea occurrence) MED EXP (Any one person) PERSONAL & ADV INJURY AGGREGATE LIMITAPPLIES PER: likGEN'L GENERAL AGGREGATE POLICY PRO - ECT LOC //may ` ^ _S PRODUCTS - COMP/OPAGG OTHER:❑ lir AUTOMOBILE LIABILITY \�V\l COMBINED SINGLE LIMIT (Ea accident) ANY AUTO �. BODILY INJURY ( Per person) OWNED SCHEDULED AUTOS BODILY INJURY (Per accident) A AUTOS ONLY HIRED AUTOS ONLY NON -OWNED AUTOS ONLY /�'�i�,\ O�. PROPERTY DAMAGE (Per accident) J UMBRELLA LIAB OCCUR EACH OCCURRENCE EXCESS LIAB CLAIMS -MADE AGGREGATE DED RETENTION WORKERS COMPENSATION AND EMPLOYERS'LIABILITY PER STATUTE OTH- ER ANY PROPRIETOR / PARTNER / EXECUTIVE OFFICER EMBER EXCLUDED? Y/N N / A E.L. EACH ACCIDENT (Mandatory in NH) E.L. DISEASE -EA EMPLOYEE If yes, describe under DESCRIPTION OF OPERATIONS below E.L. DISEASE -POLICY LIMIT A E&O - Professional Liability - Primary 18255420 Claims Made SIR applies per policy terms 11/01/2024 & conditions 11/01/2025 Per Claim/Aggregate SIR $10,000,000 $30,000,000 DESCRIPTION OF OPERATIONS / LOCATIONS / VEHICLES (ACORD 101 Additional Remarks Schedule, may be attached if more space is required) Evidence of Insurance. CERTIFICATE HOLDER CANCELLATION City of Miami Attn: Andrew Frey Department of Real Estate & Asset Management 444 SW 2nd Avenue, 3rd Floor Miami FL 33130 USA SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. AUTHORIZED REPRESENTATIVE Holder Identifier : Certificate No : ACORD 25 (2016/03) ©1988-2015 ACORD CORPORATION. All rights reserved The ACORD name and logo are registered marks of ACORD De Vito, Daniel From: Sent: To: Cc: Subject: Gomez Jr., Francisco (Frank) Thursday, March 6, 2025 8:17 AM De Vito, Daniel; Quevedo, Terry Aviles, Yesenia RE: PROCUREMENT INSURANCE REVIEW FOR CBRE GROUP INC Good morning Danny, The insurance is acceptable to Risk. Thanks, FG • <0 v O (305) 416-174o Office \<</ fgomez@miamigov.com (305) 416-176o Fax O %$-C4‘ Frank Gomez, PIAM, CPII Property & Casualty Manager City of Miami Risk Management 14 N.E. 1st Avenue 2nd Floor Miami, Florida 33132 "Serving, Enhancing, and Transforming our Community" From: De Vito, Daniel <DaDeVito@miamigov.com> Sent: Thursday, March 6, 2025 8:14 AM To: Gomez Jr., Francisco (Frank) <FGomez@miamigov.com>; Quevedo, Terry <TQuevedo@miamigov.com> Cc: Aviles, Yesenia <YAviles@miamigov.com> Subject: RE: PROCUREMENT INSURANCE REVIEW FOR CBRE GROUP INC Good morning! Please see attached PL COI for CBRE Group Inc. Thank you! Daniel De Vito Procurement Assistant City of Miami Procurement Department 444 SW 2nd Avenue, 6th Floor Miami, FL 33130 Office: (305) 416-1922 Email: dadevitoRmiamigov.com Helpful Links: For vendor registration click Here For current solicitations please Visit our Solicitation Page Current contracts can be viewed by Visiting our Contract Database For solicitations in the Cone of Silence please visit our Cone of Silence Webpage From: Gomez Jr., Francisco (Frank) <FGomez@miamigov.com> Sent: Wednesday, March 5, 2025 11:14 AM To: De Vito, Daniel <DaDeVito@miamigov.com>; Quevedo, TerrQ`evedo@miamigov.com> Cc: Aviles, Yesenia <YAviles@miamigov.com> Subject: RE: PROCUREMENT INSURANCE REVIEW FOR CBr: GROUP INC (<45) v o`))4t The COI is adequate, but missingthe PL coverage. Thanks, Frank Gomez, PIAM, CPII Property & Casualty Manager City of Miami Risk Management 14 N.E. 1st Avenue 2nd Floor Miami, Florida 33132 (305) 416-174o Office (305) 416-1760 Fax fg0MeZ@MiaMigov.com "Serving, Enhancing, and Transforming our Community" From: De Vito, Daniel <DaDeVito@miamigov.com> Sent: Wednesday, March 5, 2025 11:10 AM To: Gomez Jr., Francisco (Frank) <FGomez@miamigov.com>; Quevedo, Terry <TQuevedo@miamigov.com> Cc: Aviles, Yesenia <YAviles@miamigov.com> Subject: RE: PROCUREMENT INSURANCE REVIEW FOR CBRE GROUP INC Hello Frank, forgot to include the previously approved policy for you review. I rlon't see PL on it. Let me know - Thank you! 's;1/4 Daniel De Vito �^ ' " Procurement Assistant f5) `�.J Cityof Miami Procurement Department O p,,,,\ 444 SW 2nd Avenue, 6th Floor Miami, FL 33130 Office: (305) 416-1922 � Email: dadevito • miami•ov.co Helpful Links: For vendor registration click Here For current solicitations please Visit our Solicitation Page Current contracts can be viewed by Visiting our Contract Database For solicitations in the Cone of Silence please visit our Cone of Silence Webpage From: Gomez Jr., Francisco (Frank) «Gomez@miamigov.com> Sent: Wednesday, March 5, 2025 10:59 AM To: De Vito, Daniel <DaDeVito@miamigov.com>; Quevedo, Terry < "Quevedo@miamigov.com> Cc: Aviles, Yesenia <YAviles@miamigov.com> Subject: RE: PROCUREMENT INSURANCE REVIEW FOR CBRE GROUP INC Hi Danny, The COI is adequate. Is the PL on a separate COI? Thanks, Frank Gomez, PIAM, CPI Property & Casualty Manager City of Miami Risk Management 14 N.E. 1st Avenue 2nd Floor Miami, Florida 33132 (305) 416-174o Office (305) 416-176o Fax fg0MeZ@MiaMigov.com "Serving, Enhancing, From: De Vito, Daniel <DaDeVito • miami Sent: Wednesday, March 5, 2025 10: To: Gomez Jr., Francisco (Frank) <F o @miamigov.com>; Quevedo, Terry <TQuevedo@miamigov.com> Cc: Aviles, Yesenia <YAviles@m .com> Subject: PROCUREMENT INSqii, E REVIEW FOR CBRE GROUP INC $//1/ V CS and Transforming our Community" 44R5 "‘<r1 m> . Good morning team, Please review the insurance attached at your earliest convenience and advise if adequate according to insurance requirements contained therein. Thank you! Daniel De Vito Procurement Assistant City of Miami Procurement Department 444 SW 2nd Avenue, 6th Floor Miami, FL 33130 Office: (305) 416-1922 Email: dadevito©miamigov.com 4 Helpful Links: For vendor registration click Here For current solicitations please Visit our Solicitation Page Current contracts can be viewed by Visiting our Contract Database For solicitations in the Cone of Silence please visit our Cone of Silence Webpage Olivera, Rosemary From: Gandarilla, Aimee Sent: Tuesday, April 1, 2025 8:28 AM To: Hannon, Todd Cc: Olivera, Rosemary; Brown, Sadie; Reinike-Heinemann, Evelyn; Lorenzo, Jacqueline; Fossler, Thomas; Roberts, Frankeetha Subject: Executed CBRE Watson Harbour (matter 25-490) Attachments: CBRE Watson Harbour (matter 25-490).pdf Good morning Todd, Please find attached the fully executed copy of an agreement from DocuSign that will be considered an original agreement for your records. Evelyn/Frankeetha: Please close Matter 25-490. Thank you, Aimee) candartiltai Procurement Assistant City of Miami Procurement Department 444 SW 2nd Avenue, 6thfloor, Miami, FL 33130 P (305) 416-1906 F (305) 400-5073 E adandarilla@miami.gov "Serving, Enhancing, and Transforming our Community" i