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HomeMy WebLinkAboutR-77-0887RFC/rb 10/17/77 "SUPPORTIVE DOCUMENTS FOLLOW" RESOLUTION NO. 77-837 A RESOLUTION AUTHORIZING THE CITY MANAGER TO EXECUTE AN AGREEMENT WITH MIAMI WORLD TRADE CENTER, INC. FOR THE PREPARATION OF A DETAILED DEVELOPMENT ANALYSIS IN CONNECTION WITH THE DOWNTOWN CONVENTION CENTER PROJECT IN ACCORDANCE WITH THE TEKMS AND CONDITIONS SET FORTH IN THE ATTACHED COPY OF SAID PROPOSED AGREEMENT, WITH FUNDS THEREFOR ALLOCATED FROM 2ND YEAR COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS. BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The City Manager is hereby authorized to execute an agreement with Miami World Trade Center, Inc. for the preparation of a detailed development analysis in connec- tion with the Downtown Convention Center Project in accordance with the terms and conditions set forth in the attached copy of said proposed agreement, with funds therefor hereby alloca- ted from 2nd Year Community Development Block Grant Funds. PASSED AND ADOPTED this 10 day of NOVEMBER 1977. ATT 772/ MIAORICF P. FFRRF MAURICE A. FERRE, MAYO R RALPG. ONGIE, CITY CLERK PREPARED AND APPROVED BY: 6604411C ROBERT F. CLERK, ASSISTANT CITY ATTORNEY PROVJ J) AS 'IO FORM AND ,( Rj:ECTNESS: .-------'-f----�--�--------- --- KNOX, JR., CITY T'I)RNEY "DOCUMENT ipoEX ITEM NO. CITY COMMISSION MEETING OF NOV , , R 7 7 UJHt N NU..... �IARISi;: ... ii6 October 13th, 1977 Mr. Joseph Grassie City Manager City Hall Dinner Key Miami, Florida 33133 Re: Proposed Agreement between the City of Miami and Miami World Trade Center, Inc. LAW OFFICES eft3fr'2• , . .AY, II EXECUCENTRE INTERNATIONAL SUITE 650 444 BRIC✓ELL AVENUE M I A M I, FLORIDA 3 3 1 3 TELEPHONE ,305) 374'e3O0 CABLE EXECUCENTR • TELE, 515614 Dear ",r. Grassie: Pursuant to resolution no. 77-619 passed by the City Commission on July 28, 1977, and the discussions we have subsequently had, we are enclosing a draft of our proposed Agreement to initiate a development Analysis of a proposed World Trade Center to be developed on City land adjacent to the James L. Knight Conference -Convention Center. We look forward to a review and consideration of this proposed Agreement, by your office and the City Attorney, prior to making a formal presentation before the City Commission on October 27, 1977. We await your comments, corrections and suggestions. Vcry truly ,ours, Peter F. Paul PFP/.mag 77-161-PFP Enc.: 1 (As mentioned) "SUPPORTIVE SappO D '� T j UE O POLLo, WI THIS AGREEMENT made this AGREEMENT day of A.D., 1977, by and between ITIE CITY OF MIAMI, a Municipal Corporation of the State of Florida (hereinafter sometimes referred to as CITY) and M AMI WORLD TRADE CEfJTLR, INC., a Florida corporation (hereinafter sometimes referred to as RWIt) . W ITNESSETH WHHIEREAS, the CITY, in conjunction with the University of Miami (hereinafter UNIVERSITY), proposes to construct a Conference -Convention Center on the site com- monly known as the Feinberg Tract, .located at S.E. 4 Street and S.E. 2 Avenue, and the Dallas Park Property, which Center will also include the James L. Knight Center, parking garage, 2 hotel, shops and restaurants and, possibly, an office building, hereinafter called the PROJECT: and WHEREAS, the CITY has programmed approximately $10.5 million from the balance of the Convention Center General Obligation Bonds, and the sale of certain land at Virginia Key to the Miami. -Dade Water and Sewer Authority; and will have $2.5 million from funds to be provided by the UNIVERSITY as advance payment of lease; and may have funds to be provided by The Off -Street Paiking Authority; and WHEREAS, the CITY has expressed an interest in possibly including as part of the PROJECT a World Trade Center for Miami (hereinafter sometimes called WIC), which would be affiliated with the international World Trade Centers Association (hereinafter sometimes called WTCA); and WHEREAS, the Commission of the City of Miami on July 28, 1977, by motion number 77-619 authorized the City Manager to begin discussions with Miami. World Trade Center, Inc., concerning CITY participation in the possible development of a World Trade Center in the area of the City -owned Dallas Park complex; and WHEREAS, the CITY is desirous of maximizing the use of the PROJECT and further developing its international image and visibility by possibly including a World Trade Center therein; and t•kIEREAS, the CITY agrees that if it decides to include a World Trade Center in the PROJECT, said W'IC should be affiliated with and be a member of the international organization of World Trade Centers, W'ICA, with its headquarters in The World Trade Center -New York, and thereby take advantage of the international prestige, publicity, services and other- advantages offered by said association; and WHEREAS, Miami World Trade Center, Inc., has been granted membership in The World Trade Centers Association, by resolution of its Poard of Directors, as the exclusive organization to develop a World Trade Center in Miami; and .iIEiZI'�r1S, the principals of :•Iiauni World 'I`radc Center, Inc., have satisfactorily donnnstrat xl their :•.pernnce ind c:•:pertise in the field of mixed use developments and World 'Trade Center projects in other areas of the world; and IVTIERLY.,S, : tl:li 1L World Trade Center, Inc. , has agreed in preliminary discussions with the cm. that the PROJECT appears to provide an ideal situs for the ‘,ITC as well as fulfilling the essential requirement of public participation with the private sector in i is development and irrrslementztion; and WHEREAS, :'liarni World Trade Center, Inc., is desirous of preparing a preliminary development analysis (hereinafter called ANALYSIS) for confirming the need for, requirements of and economic feasibility of developing a World Trade Center structure on the Dallas -Park site in conjunction with the PROJECT; and WIIEREI\S, Miami World 'made Center, inc., is ready, willing and able to expend the substantial risk capital necessary to corrrplete a thorough and complete development analysis or a WIC, in the PROJECT, utilizing its considerable background and expertise in such specialized studies and retaining an independent consulting firm, endorsed by t'.TC1\ as having the required background to provide the specialized studies required; and WHEREAS, Miami World Trade Center, Inc., is desirous of securing the participation of the CITY in contributing relevant data and a nominal cash contribution towards preparing the ANALYSIS required to determine and reconme.nd the perameters and viability of a World Trade Center in the PROJECT; and WHEREAS, :•lia ii World Trade Center, Inc., is willing to incur the titre and expense required to acccrrplish the ANALYSIS based on the mutual understanding and agreement that it. will participate in the 1.,7TC development if the CITY agrees to go forward with iri lorry 1ting it in the PROJECT; the t.'l'17 and MIN'It2 for the consideration hereinafter set forth, aggrcl:2 r_u-1'J c:(V'•nant, one unto this ot.her, as follows: ! '.'1'lt,'I 1 - (Th:NERAI,. A. it'fI' i:, h' i• 1';' .Itltllt7l l:'ttii It1• tilt' t.'t'I'V two .Itltt.t,ltt' its dov lo..nint . N,\LYSIS, piur:a.ant_ to tip• nil it•lal4i .ti l t'tlntlit trig;, tot" devtllttpttt.1 ;l:hl intpltitient.intq :3 t•;orld'1'ra(Je t't•l,tt•l till tlu• I).tll.t:; ►'.ttl•. :;itt• iu the 1't.»111`12. I+. I,'G'fIr. :i11•tJ1 p it•pati't• tl:. i\IJ:\l.1'::1 in eon tllltt'tion with ttt.iel.vr'tit':tr.ly obtained ri.:e:CJ111ri-odat lull:;, .t:: Iit.ti•11i.*I1 l :a t itft lll, t.tt:Ul') lttttt t\tl:r:i.ter.ttt.'tl :;tt•10,t1:;t.icynti and rc luirt:rtrtltt:, 1,11.11 allay l.• tt ,1:i,;ll.11tl; the t'1't'V .ut.I or C, t.1fj ' :;Ilia!! pay tt;r .111 t•trsts of the ANALY':;t t.lpp>roxitrntoiy ;IS0,000.00) 04.0 with the exception of $10,000.00 which shall be paid by the CITY and $20,000.00 which shall be obtained from other local sources within forty five days hereafter. D. the Cm agrees that it shall consider all independently obtained reconiw'ndat.ions made in the ANALYSIS in determining the terms and conditions that shall be required in implementing the PROTLC'P defined therein. SECTION II - ANALYSIS. MNTC, in close coordination with the CITY, and other public and private entities connected with international trade and commerce in Florida, shall prepare and or cause to be prepared a detailed development ANALYSIS and program ,.nd shall be fully responsible for all professional and technical aspects thereof. The CITY's review and approval of the ANALi'SIS will relate only to overall compliance with the undertaking hereinafter. outlined. A. FEASIBILITY A'NALYSIS. A detailed economic analysis of the proposed PROJECT, including recomundation of the scope and dimension, services to be offered by, and source of financing for, the Miami World Trade Center will be prepared by SECOFI (Societe d'Etudes Economiques, Conmerciales et Financieres), of Paris, France, pursuant to its proposal, attached hereto and made a part hereof as Exhibit A. SECOFI is a totally autonomous and independent consulting company having no affiliations with or legal relations to I`W'I'C or any of its shareholders. Its findings and recommendations shall be completely independent of and not prejudiced by any influence or intervention by WIC. However, w`PC may provide assistance in determining essential areas of study, locating potential users of the facility to be established, and act as liaison with elements of the local community. B. PRELIMINARY DEVELOPMENT PLAN. WIC shall prepare in conjunction with innd including the feasibility analysis, a proposed development plan including the following: 1. A study which would set forth the criteria necessary for the CITY to male a decision as to what could be required of it to proceed with implementing the WTC in the PROJECT. The study shall include a forecast for future needs as a result of projected usages, business, trade and population projections within the PROTECT zone of influence. NWTC shall make recomnendations regarding the mariner in which the CITY could cooperate in achieving the best interest of the CITY in creating a successful World Trade Center developed with private capital. 2: ,W-C shall complete a trritten program describing the physical facilities, con un elements and recrr ended services to be made available to the local trading ccramunity at I arcie, necessary to satisfy the needs of the. CITY and interhational `:releieg conruulit•; regarding a World Trade Center. This report shall consider the total development of the PROJECT. The written program shall contain tui-i.`;• describing the i011( .i.li1c : (a) The anount of space and/or the number and typo of people, businesses and services to be accommodated fur the various functions to be performed within the facility as a World Trade Center taking into consideration present and projected economic realities. (b) Identification of interested 'major tenants. (c) An Architectural Program, including 'We amount of space and type of utilities and conmon elem-nts and services needed to serve the Center. (d) Special equipment and systems requirements. (e) Vehicle and pedestrian access requirements. (f) Parking requi.rcm. nts. (g) Operational organization of the building as a World Trade Center. (h) Visibility and Impact on D :xrtoV:gin Image. (i.) Character of the Architectural Design requirements. (j) Maintenance requirements . (k) Special service and corrnon element requirements. (1) Service and Storage Area requirements. (m) Food Service Facilities. 3. ;sWrC shall com plete a preliminary site analysis report. This report would set forth the following information: (a) Is the site selected adequate in size and shape to accommodate the World Trade Center? (b) Does the site present any unusual development problems? If so, c.that are the costs involved? (c) Are all ester and sewer facilities necessary available at the site? If not, what are the costs involved in securing these? (d) Are all off -site access roads and walks available and satisfac- tory? If not, what are the costs of developing adequate vehicle and pedestrian access? (e) Is the. site free and clear of all buildings Auld/or other en- cumbrances? If not, what are the costs of preparing the site for new construction? (f) Comparative iralysis of site in regard to benefits of. locating P14....011.,"1' on adjacent or surrounding properties. 4. ; biro shall l complete the ANALYSIS as described herein within manths from the date hereof and submit its final written report at that time. 5. The ANALYSTS shall be bound in a report and five (5) copies shall be delivered to the CITY. 6. MN C shall nuke a presentation to a full City Conm,i.ssion of the ANALYSTS for The World Trade Center at the earliest possible date after the report has Ikon delivered to the City ,'t-inager.'s office. 7. MiVIC shall make presentations at Public Bearings to groups and agencies as directed by written request from the CITY. SECTION III - 00ST OF ANALYSIS. The total cost of the ANALYSIS to be prepared by hW'I'C is estimated to be $180,000.00. Mo:TC agrees to incur an estimated $15d,000.00 of said cost subject to the following conditions precedent. A. The CITY agrees that upon execution of this Agrcenrnt it shall contribute $10,000.00 of the cost of SECOFI's feasibility analysis upon notification by MW7C that it has obtained commitment for or payment of a contribution of $20,000.00 from other private or public sources in the Florida conrnuniLy towards the SECOFI Study. It is understood that this notification shall be made no later than forty five days from the date hereof. MW.0 shall use its best efforts to acciuire said contribution. In the event that said contribution is not made within said time period, then at YTA C's option, upon notification to the CITY, it shall provide said contribution through its own sources or it shall terminate this Agreement with no obligations created by or inuring to either party. If tinnily notification is made of said contribution or of bllti'IC's election to provide said contribution, then the CITY shall forthwith pay the above sum directly 44 ECOFI in Paris, and the ANEALYSIS upp-r-,,, will be prepared as herein provided. './ JIVE SECTION IV - CX•�'tvEPSHIP OF DOCL:•TENI5. MENr�� F*��� 7, J All written reports obtained, compiled and aue�L L to this Agreement and other data developed as a result of this Agreement shall become the joint property of the CITY, MbVIC and such other parties that nuy participate in financing the cost of the Study, without restriction of limitation on their use. SECTION V - SUCCESSORS AND ASSIGNS. ,'•tVIC shall make no assigCum?nts or transfer of this Agreement, assign or transfer any part of the work under this Agreement without the written consent of the CITY. '1'}iis Agreement shill J. binding upon the parties hereto, their heirs, executors, legal representative, successors and assigns. SIX I'ION VI - CONSTRUCTION OF AGMTMENT. The parties hereto agree that this Agrearlent shall be construed and enforced -5- Iceording to the 1aw, statutes and case lx.; of the Stat of Florida. IN WITNESS WilETTOF the parties hereto have, throe Choir proper corporate eocuted this Ayreemeht, the day and year first above set forth. /WIEST: ATTEST City Clerk APPROVED AS TO CONTENT Project Director MLAMI WORLD TPADE CETIER, INC. Tr) By: -Prviat"D THE CITY OF 'MIAMI, (a municipal corporation of the State of Florida By: City Manager APPROVED AS TO FORM & CORRECTNESS City Attorney -6- L4\1 A SECO PI -r-- . - t- r 'x r..n•C,1"71:� is St-pks.rnber 107 Mr. Jacques '1 zd Pri!siiient SErfilLS Coop. COO 11sdi on vrtud New York, Nt,:w ori; IOfl 2 L: S. A. ite: Miami 1Vov1d Trade Centrr Piorkiaal fur Cottsuitins Srrvit•ttf tlrar Mr. TCzt.� We arse pleased to submit herein our pn,possi to famish certain consulting Nert.•ier:4 in txnnt-cticin with the c•ot:tplete 1ea5.t,11ity study to he ut,clttrtalien lJ, your company t:s a participant in pry pontsi dcvolrtpment of a world tr:tdu ccntor in Miami, Florida, U.S.A. , tbrou?h atiacli Ivorld Trade Center, Inc, Our cervices will c n-. of an evaluation 01i:::it't:et cvi:ui_iOti ti;d i`e uii iii i'ciiwmmcn i:tiica;t:c c•::rr:rr ir.g the nature and _core of a world trade center in this 1tralt•. 11.kel:Gi C)i.'`,D • In 3'arivaty 1y1r,, ENt!etrrrntre Internation;tl was iat rpOrrtrd in Miami a a facilitT offering Cnrnminictatittr s itri rnai1 srrt'ir`r.x, office spac'ut; with secrjt=.ria1 scr1ics for the tZsiHn executive and a variety of information and referral resoirces tnclud- ing computer libraries of data on foreign trade opportunities, corrpariea, legal t:iart and Sic .-tly tihe ree.iter, F:`:&c .ic titrr` I1Ct:.farnt ;in aR--;►r l;i= r ,rh -tr of the world Tr oe Centers Association (uTCA). jJ oonjunctjoa witb Mr. Nutt F. Paul Ea; `r Ny.feiiLlibt. intijrnational law and proponent of the development of a world trade center in Miami. C:ecuc-rre has made numerous cont.acts with basir.ess and governniental Ieaders to advance this concept. '.ir. P:tttl :tl:.o irltntih eanties xX n rx�:;e a:;i is ;hc• planning and imple- mentation of :.uch farilitie rear izing that the ability solely 10 txtnuuet Studicts %uou d not be `.: i_ ci&nt to male the pr c,+,.ct a reality. 'Mr_ Paul contacted Mtr. c. P. Capgras. :c (theater of thn C+ T CA, wino President of the lt.torld Trade renter nt.77t nc .tn parts And of the or-r:inj art lAnr.gLtj with the cicv�drjtment of the French • \Tor1r Tractk CCQli.'r, COTE FC1. c:'a env is a t' >~headed era subsidiary of the Union I;ttrrn.aaoa�Ic� I�taUbill�ro (1.7.1.1.) ucavcti. by Mr. Jean- Claude Asron. In addition to this project, U.1, T. is the develupiir of 'Tula. t iv r . r`'. 7' f i + r M editerrar, iin Wu li Ti- 1 (,'f•t:trr ih Ma rs`;eillc. Cc sidertr the Location of the proposed world trade: center in Miami, Mr. Carrrrta iLdvised Mt. Paul to contact you in tieti; York as t'msitic•nt of SL 'RIUS Corp., thr North American rilal estate development t,,l}sit)Jary of U,I.I. Sulx'-e=ltiently, you met with Mr. Paul both in New York and in Mittmi sad agreed to i:€5iet in th.ie project,' .. ' In July 1977, Miami World Tr tle Center, Inc. (MTATC) was incoI1)vrtted ass joint venture of SEFRII'S, Execuccntre, ;Anti Mr. paul. Concurrently, this new entity Nvit elee4-t1 a n associate Iiiemtcr of tht; µTCA and, by resolution of the VITA directors meeting, i. Sittl:ipar , csas granted the vxciusive d:ui uiaii�':: �•= i:`:^le � Y 'bent a world trade venter in Miami capable of qu;>Sifyiry as a regular .;it'.rnber of the WTCA, you know. regular mcrnherahlp is limited to one entity per city. \Ve have al-D dvis d tl,it t e prop==s.I to plan ,tnd develop s world trade center i.0 1.',14.3ill.i Qrijr;) c iui .,-ciilIt 6171)i.o2"'. of the City of Miuillt, ::5 IN the letter of Fr=b:-uary 23, 1077, from M;Ivur Maurice A. Fcrrc to Mr. Guy Toz7oli, Prckirt'nt of the WTCA, and in the reE,c)lutirtri of the Miami City CoTnndsEion of July 28, 1977, �t:l.►;;,r;�i�,,� Llio City'rt3_".lr L t:(,until'Vitt, r4WW'tL for th` project. A site owned C t ,:.,�,. „ the p1 nncdl J. L, hnir;l ti .•1 (':.::t�� h'as': t�y� th Ci y� � �.�;�. ;tit t_- h_ p_=__� t.�t 1nt_rr.3�_,,. 1Uentileled, Lai it ri_is biqqi pro r_s=d that the world trade ccntcr (tlil`itl Ct d `.�`xJiC a lu_O-car parking ga . c tl:l be built by the City at thret location. SEFRIUS C.orp, lt:ts agreed to undertake ;i o,inplete fe.ssibilit;- stud_; on b half of '•l:tT(.:. 1'•.110:.:ng 1.'Prif'•ult2ticUS with CG'i'EFCI, you have r ucstf.',l our firm to submit a p: posr1 to carry out a coniprel;enaivc market E1rve;, ss past of this Eratl►'. 1= ''Jrv*1 SERVICES • I. Purf.•:,_e of PropoK-41 SECOf will co.nd'uct a thorou;;h market investi, atacn in lliattii as well as in N'ariot:., other cvrr m&rcisl centers in the U.S. and Latin America. This will be designed to determine: • the rn tivations•c1 pr,timtial users and/or tenrnt;• of r world trade center in Miami; • the nature of : erviccs to be developed to foster the i.nter- n;itional activities of Miami; . the Mize of a world trade center and the genord outlines nes of the prryram for sucb it facility; and • the Miamt office building rnart;et and its ability; to ab'orb 3 w',rld trade cutter prop atu (rent It,t-is, i rviccs, special- ized &qui/anent, world trade-typa facilities, cit.). in oid•:r to integrate a Nkorl,3 tr•.liie center effectively into i1.9 liitji eCmoinlC and grog aphic context, it is neccst:Ar: to develop an accurate evaluation of the needs of ptvkjtrt:ttt'P_ ter.a ti and u;s:•ris. This re clues inari'rt :silt`'ieya 1•.. 1.. ^ .such I'Q5 cC► 3iiitlu,� d 6ca2C.c� L`LIu�•L`. c:f -- � y 1�C t;:n-a;,t5 and users, LJtL11zllI,]7 intert'icv,'s, 1na11 questionnaires, and Other tec piques. T i,.!5e will result in: • qualitative ttnd quantitative offices cptte market analytcts; and • • analysis to determine u_er; tenant mvtivattoaa in favor of the t fcifie functions of a world trade c€nt~r. A, Analvsi.s c,fOffict. ;Market. Compilation of et_in:n-111c and othcr inCItailLS - Iocal office Wilding n,ar et cbaractr:risties (current nature and 5-10 year thuds); • need for office sdapted to world trAd-relat&d te;iantt-s and users; . L ndarcia of reccnt.1 ccoti plttt•J office b'iildm_E or others now under c .matruction; • specific needs for e+.u'h c3te.?ory of Profit:;sloven activities which :-night be present in tb(,. world trade c.cntctr; • eeetinaate.S of common-pacc`, utilities, and general ofEct: f-erVi(zR to be available in the project; • determination of quutity level of the 1:x111diug and $ts various facilities; . estimates of au:l,tevable rent lcvols for the project; . vvaluattton of the site; and . ati:.slysls of projcct's rt•Ltyonship to overall d;...vf•loprtlent plan for J. L. l:.ta.igbt Center. • Fa. TenantJL:.er Motivations. Criteria will b establISIICd prior to the burveya in order to elaluatc the degree of motivato❑ In favor of a e+orld trail i-n= tar on the part of interviewees. • The rep:ult3 of ttiis invcbli}:Loon will permit the e?ct: rmin;ttion of functions which, when inckirporated in the world trc_ center, would be tnc,st likely u, Ensure it 1on4-torn stability. '1h15'mil also penult early iii ntiticatiun and prc•tnarke-tinr to seleckd kknants which would be moot likely to create an impact anti in turn attract other pot�rntial tenants (i.e., "anchor t& a:uat "). "'SUPPORTIVE DOCU=•: i::.N3 V t.. L-. V r!Y ) f �I j•.:.. '11 ..t.. .. riot of •.1. •f ..:,►..,.. ':�i �•^� i•►►• �• ..•�i��• c•1 au? c�R'i ILA(` �l'lt�ll'C3 i•il.iu�u•�''o tr►ter-n.tti,ln,il trttle the world t :1;ii` llarir re.,poutire I Lotion, in the facility, :anti du„ntities cif 4u.euie rr,.r- quircd for each. Examples of tvp1c:►1 information and (late to }.r .;,tlr }ut in t._i.5 i ::'esti- ation are appended. C. Description of 'World Trtcli' Ccnt 'r Prc, r_itn. /if; a r.orld trade center "; 1a ofIco building hill► t;•tntl:illy devo+&d to Cans and ; , ncics (p iblic tin3 private) in'vt►11 E:r1 in inte rnatic'a i tr:113C, it must b::: properIy conceived to perform this function. The tlr.si n :Intl funvtion of the !,liami WYclrlxi Trade Center mu:ct meet bath the hy&citic reNuircncnts of local international trade patterns itr 1 of tiie \VTCA. SECOFI will furnish an outline description of evert =plc-rr,rrt (.4 the world track center prils{r-.am, such as; othce Epsis accllrY.'•ing to the re..-,Tuirerncnts of each, csttz..�a , tlf pcities tivaal octivit ; . common :paces and circulation; . areas for information services and the information center; . data processing, facilities; . rustirura.nt facilities; . world Trade Centtlr Club; • World Trade institute (WTI); . exhibition space;; CXIIIferfr2Cr. ;Ind meeting facilities; ▪ shopping areas; and . other facilttlea identified throe h the surImys. Sob.1oxtiitly, in a later stage. SECOFI will work together with the architects eventually ?elcck-d by you for the prt►ject to ensure that this program is prope.rj.truuulated into the finial denign. Ill. rees ,:anti Su•hrrlulc Wit r,timeite the scope of %York outlined heroin will be completed Pithin eiotrtei n rucks of your authorization to pox ced. as indicated by your agrcament to the t 1 terms proposed, • 1•OLLOIN" • f:?: f.3r these servicc s >>'tll be ,100, 000.00. 't hit• i.t.Tiouft 13 a fix and ali- incluz%i•r- price and encompt es all our Expenses for data ccIliictivr: travel and costs, r�port'iireparation and printing. \t'e will funni&n you with in:.en report at apprviximatc13 the mid -point cif our work and will bc avail- able : J meet with you peric,licall,y to cltacuss our findings. Ten copies of thc; final report will bc subrnitLd at completion. lt-r• 41,uve fizrurc supposes full aesi5t;ioc:e from .. r rt"ut'S, E :t Taternativn;tt i, i� � � and Mr. P ul. as well as City and State a;encic8. to facilitate the co-nduct of the work.. Such assistanee is to include re.Kalar review and ;itivici during the progress of ors :•uctevs, introductions to :,pproprihtti' individuals and etc. Payment'Will bt due according to the following t;chechile: ▪ 5ca on accepta.n(' t)f the term=. of this 1' tter agrement; . 25t1. trpi n completion of the interim report; and . 25 at delivery of the final report. We understand that a condition In your pnJecoding with the entire feasibility etude', Ui 7,11ca our prof o ti is a part, is thy: contribution Eva! public and privi,te of 3O of the cost of our scrvi es. li'e es -occur in this c' edition in roil '13i- tion of the fact thst you .will he hearing the rcolaining $70. 000 in n:1,+.itima to your o•..-a d:rec: .nd indirect eusls for other a:,jy'r:ts of the o'nprchcnE.Re feasibility study. 7%c al EA, recTJTniz$ that the sti.c-ei ao of a world trade cx nti r rests ? ecruy on the i,t-mcj, and continuing support from the local bins and governmental sectors, which this condition wisely attempts to identify from the very out-sr.t. rv_ ar:.rr lic:e5 _ A;ip ndti d i-,ereto are the following: . Summary of I'rt ix►sed Find Rcnort . limn to be vcillected thniu- h Intervie.v.Ws, CQuestionmiirea, &awl' Forms. . SECOFI'g Experience in Market Studies for World Trade Canters. r o '' a. your car°iciE'r�tioa. If it give u5 great plea�ire to submit this proposal for S P the foregoing la acceptable to you, will you 'lipase sign and roturf r,::e r<<r aricinsl of this letter agreement far our files. ACCEPTED AND AGREED: SEFRIUS CORP. BY Jib' 4.114 ?re5iciatit Sincerely yours, 1-'atricV plancbet i ianaging Diret!tfr - Business Development November 10, 1977 Dear Mayor and Commissioners: Recent events have prompted me to restate the position of the New World Center Action Committee of the Greater Miami Chamber of Commerce in regards to the City of Miami -James L. Knight -International Conference Center and the "Paul" proposal for a World Trade Center as part of the same complex. Therefore our recommendations to you and your colleagues are as follows: 1) That a World Trade Center is in the best interest of the City of Miami because of the economic advantages to industry and employment which will be encouraged by such a development in the expansion of Foreign Trade. 2) That the Convention Center Site is ideally suited as the location of the World Trade Center with maximum utilization of the area through air rights development over a planned parking facility. 3) Therefore that the City of Miami support the intended feasibility study proposed by the petitioning developers with a contribution of S1 G,000 towards the total cost of the study, provided however, a) That the City will be a co -client of the study consulting group, and b) That the City's contribution will only come due when there is evidence of the contribution of an additional $20,000 of funds from other sources essential to a total of $30,000 required by the petitioning developers to initiate the feasibility study, and c) That a time -table for completion of the study v•ill have been agreed to and committed, and d) That the City of Miami, for its contribution of $10,000 will receive a copy of the study for its own uncommitted use, and e) That the City will retain its copy of the study without obligation to the petitioning developer even if subsequently another developer will have been selected for the World Trade Center. continued ... Mayor and Commissioners, City of Miami Page 2 November 10, 1977 The Chamber's support is pre -conditioned on the assurance that ground breaking for the Convention Center scheduled on or before January 4, 1978 will not be affected or delayed by any consideration or action motivated by the World Trade Center interest in that location. We are excited about this development continuing the progress toward the New World Center and applaud your leadership toward those ends. Sincerely, 1 /i ster Freeman aecutive Vice President LF/ rg