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HomeMy WebLinkAbout26121AGREEMENT INFORMATION AGREEMENT NUMBER 26121 NAME/TYPE OF AGREEMENT CBRE, INC. DESCRIPTION ASSIGNMENT AGREEMENT/APPRAISAL OF FISHER ISLAND TERMINAL SUBMERGED LAND/MATTER ID: 26-972 EFFECTIVE DATE ATTESTED BY TODD B. HANNON ATTESTED DATE 5/11/2026 DATE RECEIVED FROM ISSUING DEPT. 5/12/2026 NOTE DOCUSIGN AGREEMENT BY EMAIL City of Miami DOCUMENT ROUTING FORM r�QR4O ORIGINATING DEPARTMENT: Department of Procurement DEPT. CONTACT PERSON: Aimee Gandarilla/Justin Griffin NAME OF OTHER CONTRACTUAL PARTY/ENTITY: CBRE, Inc, EXT. 1906/1949 IS THIS AGREEMENT TO BE EXPEDITED/RUSH: TOTAL CONTRACT AMOUNT: $ 25,000.00 TYPE OF AGREEMENT: ❑ MANAGEMENT AGREEMENT ❑ PROFESSIONAL SERVICES AGREEMENT ❑ GRANT AGREEMENT ❑ EXPERT CONSULTANT AGREEMENT ❑ LICENSE AGREEMENT OTHER: (PLEASE SPECIFY) Engagement Letter ■ FUNDING INVOLVED? YES YES ❑ PUBLIC WORKS AGREEMENT ❑ MAINTENANCE AGREEMENT ❑ INTER -LOCAL AGREEMENT ❑ LEASE AGREEMENT ❑ PURCHASE OR SALE AGREEMENT El SUPPLEMENTAL AGREEMENT NO NO PURPOSE OF ITEM (DETAILED SUMMARY): Assignment Agreement Fisher Island Ferry 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 April 23, 2026 1 16:37:39 Annie Perez, CPPO EDT 9 SIGNATURE:pM..a-.., SUBMITTED TO RISK MANAGEMENT April 24, 2026 109SIGNATURE: David Ruiz re �Q ttri C do C�se�=F�•ao SUBMITTED TO CITY ATTORNEY matter 26-972 26 972 May 6, 2026 115:22:41 George K. Wysong III EDT ocuS,ed by SIGNATURE: ,1- 4 w1sowd m �on APPROVAL BY ASSISTANT CITY MANAGER/CHIEF FINANCIAL OFFICER May 6, 2026 116:OEi: ,,, EE TT DT Paschal Darling, CPA SIGNATURE: —;,::: ita9netley EK� .e 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 May 11, 2026 110:53:48 Natasha Colebrook -Williams EDT DocuSignetl by SIGNATURE: twa.,e,.ca<<t,a.4_ivatF,,., RECEIVED BY CITY MANAGER May 11, 2026 116:09:26 James Reyes EDT SIGNATURE: SUBMITTED TO THE CITY CLERK May 11, 2026 12' Todd Hannon :53:18 EDT —•••=. SIGNATURE:*' PLEASE ATTACH THIS ROUTING FORM TO ALL DOCUMENTS THAT REQUIRE EXECUTION BY THE CITY MANAGER AGREEMENT/AMENDMENT OVERVIEW AGREEMENT TITLE: Appraisal of Fisher Island Terminal Submerged Land by CBRE. Matter ID 26-972 1. AWARD DELEGATED AUTHORITY: Q 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 Q 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 Q 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 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 CBRE Proposal and Contract for Services April 1, 2026 David Pivovarov Assistant Director Real Estate & Asset Management City of Miami 444 SW 2 nd Ave Miami, FL 33130 Phone: 305-570-7670 Email: dpivovarov@miamigov.com RE: Assignment Agreement Fisher Island Ferry Terminal Submerged Land 168-190 MacArthur Causeway Miami, FL 33139 Dear Mr. Pivovarov: CBRE, Inc. 111 West Oak Avenue, Suite 100 Tampa, FL 33602 www.c bre. usival nation Kristin Repp, MAI VAS - Managing Director We are pleased to submit this proposal and our Terms and Conditions for this assignment. PROPOSAL SPECIFICATIONS Purpose: To estimate the Market Rent of the referenced real estate Premise: A market rent study for the Fisher Island Ferry Terminal Submerged Land with the City of Miami as lessor. www.c bre. us/vat nation CBRE VALUATION & ADVISORY SERVICES City of Miami Assignment Agreement I CB24US081003 Page 2 of 15 April 1, 2026 Intended Use: Reliance: To assist with lease negotiations 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, 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. Scope of Inspection: An exterior inspection of the property will be conducted 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. Valuation Approaches: We will utilize a land residual to determine the fee simple interest in the land. An annual return rate on the fee simple land value will be estimated to determine the market ground lease rate. www.c bre. us/valuation CBRE VALUATION & ADVISORY SERVICES City of Miami Assignment Agreement I CB24US081003 Page 3 of 15 April 1, 2026 Report Type: Appraisal Standards: Appraisal Fee: Appraisal Report USPAP $22,500.00. 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. Expenses: Fee includes all associated expenses except to the extent otherwise provided in the attached Terms and Conditions. Retainer: A retainer is not required for this assignment. Payment Terms: Delivery Instructions: Delivery Schedule: Preliminary Value: Draft Report: Final Report: Start Date: Acceptance Date: Payment will be made within forty-five (45) days after the Client's acceptance of the final Report and receipt of a proper invoice, in accordance with §§ 218.73—.74, Florida Statutes ("F.S."). 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). Not required Not required 20 business days from receipt of signed engagement letter 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. www.c bre. us/valuation CBRE VALUATION & ADVISORY SERVICES City of Miami Assignment Agreement I CB24US081003 Page 4 of 15 April 1, 2026 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 813.956.2105 Kristin.Repp@cbre.com www.c bre. us/valuation CBRE VALUATION & ADVISORY SERVICES City of Miami Assignment Agreement I CB24L15081003 Page 5 of 15 April 1, 2026 PROPERTY NAME PROPERTY LOCATION REPORT TYPE APPRAISAL FEES Fisher Island Ferry Terminal Submerged Land Assignment Total: 168-190 MacArthur Causeway Miami, FL 33139 Market Rent Estimate $22,500.00 $22.500.00 www,cbre.uslvaluation CBRE VALUATION & ADVISORY SERVICES City of Miami Assignment Agreement Page 6 of 15 June 13, 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: N 6 P-pioi Name: _Kristin Repp Title: _Managing Director ATTEST: By: Signed by: "CBRE" CBRE, a Delaware profit corporation By: Name• M. Jason Ward, MAI, R/W-AC Title: Director -FL "CITY" CITY OF MIAMI, a Florida municipal corporation By: CIF,,, Todd B. Hannon James Reyes City Clerk City Manager APPROVED AS TO LEGAL FORM AND APPROVED AS TO INSURANCE CORRECTNESS: By: 8877.9,8824613 DS By: George K. Wysong III 26-972 REQUIREMENTS: [fi9gc d� David Ruiz, Interco Director City Attorney Risk Management www.cbre.us/valuation CBRE VALUATION & ADVISORY SERVICES City of Miami Assignment Agreement Page 7 of 15 June 13, 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 ACSProposaisOCibre.Coi . We will route your request to the appropriate manager. For more information, please visit .,'ww.cure.coiiviassessrwwenr. www.cbre.us/valuation CBRE VALUATION & ADVISORY SERVICES City of Miami Assignment Agreement Page 8 of 15 June 13, 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. 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, 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. The Client may terminate this Agreement for convenience at any time upon written notice to CBRE, in which case CBRE shall be paid for Services actually performed and accepted as of the termination date. The Client may also terminate for cause upon written notice to CBRE if CBRE materially breaches this Agreement, fails to perform in a professional and workmanlike manner, or violates applicable law. Upon termination, the Client shall owe no further amounts except for accepted Services. 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. Interest on any amounts owed by the Client shall be governed exclusively by Chapter 218, Part Vll, F.S. 5. 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 ANYWAY RELATED TO THIS AGREEMENT. 6. 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. 7. 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. 8. This assignment shall be deemed concluded and the Services hereunder completed upon delivery to Client of the Report discussed herein. www.cbre.us/valuation CBRE VALUATION & ADVISORY SERVICES City of Miami Assignment Agreement Page 9 of 15 June 13, 2025 9. 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. Notwithstanding the foregoing, CBRE warrants that (a) all Services will be performed in a professional and workmanlike manner consistent with USPAP and applicable professional standards; (b) the Report will be prepared in good faith and will reflect CBRE's honest professional judgment; and (c) CBRE has the professional qualifications to perform this assignment. 10. 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. 11. 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. 12. 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. 13. 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. 14. 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. 15. LIMITATION OF LIABILITY. NOTWITHSTANDING ANY PROVISION OF THIS AGREEMENT TO THE CONTRARY: (A) NEITHER PARTY SHALL BE LIABLE TO THE OTHER FOR PUNITIVE DAMAGES. NOTHING HEREIN LIMITS CBRE'S LIABILITY FOR FRAUD, GROSS NEGLIGENCE, WILLFUL MISCONDUCT, OR PROFESSIONAL MALPRACTICE. (B) THE LIMITATIONS OF LIABILITY IN SUBSECTION 14(A) 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. 16. In 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. 17. Time Period for Legal Action. Any legal action arising from this Agreement shall be subject to the applicable statute of limitations under Florida law, with no contractual shortening of such period. The discovery rule shall apply to all claims. 18. Miscellaneous. www.c bre. us/valuation CBRE VALUATION & ADVISORY SERVICES City of Miami Assignment Agreement Page 10 of 15 June 13, 2025 (a) his 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. 19. CBRE shall maintain complete work files, supporting data, and records related to this engagement for at least five (5) years after final payment. The City and its authorized representatives (including the Office of the Inspector General) may audit, inspect, and copy such records upon five (5)-business-days' written notice during normal business hours. CBRE shall produce requested records within ten (10) business days. 20. The City's payment obligations under this Agreement are subject to the availability and appropriation of funds by the City Commission. If funds are not appropriated or become unavailable, the City may terminate this Agreement without penalty. Vendor shall be entitled only to payment for Services accepted and performed prior to termination. 21. VENDOR LISTS The following lists are maintained by the Florida Department of Management Services and are available at https://www.dms.myflorida.com/. By entering into this Agreement, Contractor affirms it is not included in any of the following lists. Convicted Vendor List. Pursuant to § 287.133, F.S., "[a] person or affiliate who has been placed on the convicted vendor list following a conviction for a public entity crime may not submit a bid, proposal, or reply on a contract to provide any goods or services to a public entity; may not submit a bid, proposal, or reply on a contract with a public entity for the construction or repair of a public building or public work; may not submit bids, proposals, or replies on leases of real property to a public entity; may not be awarded or perform work as a contractor, supplier, subcontractor, or consultant under a contract with any public entity; and may not transact business with any public entity in excess of the threshold amount provided in s. 287.017 for CATEGORY TWO for a period of 36 months following the date of being placed on the convicted vendor list." Discriminatory Vendor List. Pursuant to § 287.134, F.S., "[a]n entity or affiliate who has been placed on the discriminatory vendor list may not submit a bid, proposal, or reply on a contract to provide any goods or services www.c bre. us/valuation CBRE VALUATION & ADVISORY SERVICES City of Miami Assignment Agreement Page 11 of 15 June 13, 2025 to a public entity; may not submit a bid, proposal, or reply on a contract with a public entity for the construction or repair of a public building or public work; may not submit bids, proposals, or replies on leases of real property to a public entity; may not be awarded or perform work as a contractor, supplier, subcontractor, or consultant under a contract with any public entity; and may not transact business with any public entity." Antitrust Violator Vendor List. Pursuant to § 287.137, F.S., "[a] person or an affiliate who has been placed on the antitrust violator vendor list following a conviction or being held civilly liable for an antitrust violation may not submit a bid, proposal, or reply for any new contract to provide any goods or services to a public entity; may not submit a bid, proposal, or reply for a new contract 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 new leases of real property to a public entity; may not be awarded or perform work as a contractor, supplier, subcontractor, or consultant under a new contract with a public entity; and may not transact new business with a public entity." Suspended Vendor List. Pursuant to § 287.1351, F.S., "[a]n agency may not accept a bid, proposal, or reply from, or enter into or renew any contract with, a vendor on the suspended vendor list until such vendor has been removed from the suspended vendor list and returned to the vendor list maintained by the department pursuant to s. 287.042(1)(a) and (b) and the vendor has reimbursed the agency for any re -procurement costs." 22. SCRUTINIZED COMPANIES LISTS The following list is maintained by the Florida State Board of Administration and is available at https://www.sbafla.com/. Scrutinized Companies that Boycott Israel List. Pursuant to § 287.135, F.S., by entering into this Agreement, the Contractor certifies that it is not participating in a boycott of Israel. 23. ANTI -HUMAN TRAFFICKING CBRE confirms and certifies that it is not in violation of § 787.06, F.S., and that it does not and shall not use "coercion" for labor or services as defined in § 787.06, F.S. CBRE shall execute and submit to the City an Affidavit, of even date herewith, in compliance with § 787.06(13), F.S., 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 Aa and incorporated herein by this reference. It is MANDATORY for CBRE to return this form executed along with this Agreement. 24. E-VERIFY By entering into this Agreement, CBRE and its subcontractors are jointly and severally obligated to comply with the provisions of § 448.095, F.S., 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 § 448.09(1), F.S., then City shall terminate this Agreement in accordance with § 448.095(5)(c), F.S. 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 §§ 448.09(1) or 448.095, F.S., 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 § 448.095(5)(c), F.S.. 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. 25. 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. 26. 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, F.S., and agrees to allow access by the www.c bre. us/valuation CBRE VALUATION & ADVISORY SERVICES City of Miami Assignment Agreement Page 12 of 15 June 13, 2025 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 § 119.0701, F.S., 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, F.S., 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 Page 13 of 15 June 13, 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 LAW, THEN CBRE SHALL DO 50 AT ITS OWN EXPENSE AND AT NO COST TO THE CITY. IF CBRE HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, F.S., TO CBRES 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. 27. 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. 28. 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. 29. 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: AS TO THE CITY: Name: Kristin B. Repp Managing Director 111 W. Oak Avenue, Suite 100 Tampa, FL 33602 Kristin.repp@cbre.com James Reyes City Manager 444 SW 2nd Avenue, 100, Floor Miami, FL 33130 WITH A COPY TO: George K. Wysong III City Attorney 444 SW 2nd Avenue, 9th Floor Miami, FL 33130 gwysong@miamigov.com Annie Perez Director/Chief Procurement Officer 444 SW 2nd Avenue, 6th Floor Miami, FL 33130 aperez@miamigov.com www.c bre. us/valuation CBRE VALUATION & ADVISORY SERVICES City of Miami Assignment Agreement Page 14 of 15 June 13, 2025 30. INSURANCE 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 "Ir 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. A. 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. B. 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. C. 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. D. Compliance with the foregoing requirements shall not relieve CBRE of its liabilities and obligations under this Agreement. 31. 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 CBRE's negligence, recklessness, or wrongful misconduct, including that of any person or entity employed or utilized by CBRE, in the performance of this Agreement that results in actual, material harm to the City. 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 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. Nothing in this indemnification provision shall be www.c bre. us/valuation CBRE VALUATION & ADVISORY SERVICES City of Miami Assignment Agreement Page 15 of 15 June 13, 2025 construed to expand the class of persons entitled to rely on any Report prepared under this Agreement beyond the Intended Users expressly identified herein. 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 §§ 725.06 and/or 725.08, F.S., 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 § 768.28, F.S. www.c bre. 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) DIVISION OF CORPORATIONS !� ! JfVEID`Iof Jj �f f ,,047:r Org !0 i'2�r � �, l r 10' \1 r till r!lf trial arare of Florida website Department of State / Division of Corporations / Search Records / Search by Entity Name / Detail by Entity Name Foreign Profit Corporation CBRE, INC. Filing Information Document Number 847299 FEI/EIN Number 95-2743174 Date Filed 10/22/1980 State DE Status ACTIVE Last Event NAME CHANGE AMENDMENT Event Date Filed 10/04/2011 Event Effective Date NONE Principal Address 2100 MCKINNEYAVE, SUITE 1250 DALLAS, TX 75201 Changed: 04/28/2021 Mailing Address 400 S. HOPE STREET 25TH FLOOR LOS ANGELES, CA 90071 Changed: 10/16/2014 Registered Agent Name & Address CT CORPORATION SYSTEM 1200 SOUTH PINE ISLAND RD. PLANTATION, FL 33324 Name Changed: 09/24/1999 Address Changed: 05/13/2002 Officer/Director Detail Name & Address Title PRESIDENT AND CHIEF EXECUTIVE OFFICER SULENTIC, ROBERT E 2100 MCKINNEYAVE, SUITE 1250 DALLAS, TX 75201 Title SECRETARY, Director DOELLINGER, CHAD 2100 MCKINNEYAVE, SUITE 1250 DALLAS, TX 75201 Title ASSISTANT SECRETARY, VP KEE , CINDY 2100 MCKINNEYAVE, SUITE 1250 DALLAS, TX 75201 Title VICE PRESIDENT GRAY, JIM 200 SOUTH ORANGE AVE. SUITE 2100 ORLANDO, FL 32801 Title SENIOR DIRECTOR, TAX AND ASSISTANT SECRETARY SOUKA, ROBERT 2100 MCKINNEYAVE, SUITE 1250 DALLAS, TX 75201 Title Director, Treasurer MINETTI, MARIA 2100 MCKINNEYAVE, SUITE 1250 DALLAS, TX 75201 Annual Reports Report Year Filed Date 2022 04/27/2022 2023 04/06/2023 2024 04/18/2024 Document Images 04/18/2024 --ANNUAL REPORT 04/06/2023 --ANNUAL REPORT 04/28/2022 --AMENDED ANNUAL REPORT 04/27/2022 --ANNUAL REPORT 04/28/2021 --ANNUAL REPORT 04/28/2020 --ANNUAL REPORT 06/27/2019 --ANNUAL REPORT View image in PDF format View image in PDF format View image in PDF format View image in PDF format View image in PDF format View image in PDF format View image in PDF format 11/30/2018 -- AMENDED ANNUAL REPORT 04/25/2018 --ANNUAL REPORT 04/25/2017 --ANNUAL REPORT 11/01/2016 --AMENDED ANNUAL REPORT 04/20/2016 --ANNUAL REPORT 04/16/2015 --ANNUAL REPORT 10/16/2014 --AMENDED ANNUAL REPORT 04/17/2014 --ANNUAL REPORT 04/22/2013 --ANNUAL REPORT 04/09/2012 --ANNUAL REPORT 11/18/2011 --ANNUAL REPORT 10/14/2011 --ANNUAL REPORT 10/04/2011 -- Name Change 04/06/2011 --ANNUAL REPORT 02/16/2010 --ANNUAL REPORT 04/21/2009 --ANNUAL REPORT 05/14/2008 --ANNUAL REPORT 04/11/2008 --ANNUAL REPORT 04/12/2007 --ANNUAL REPORT 04/18/2006 --ANNUAL REPORT 03/31/2005 --ANNUAL REPORT 11/12/2004 --ANNUAL REPORT 04/13/2004 --ANNUAL REPORT 05/05/2003 --ANNUAL REPORT 05/13/2002 --ANNUAL REPORT 07/20/2001 --ANNUAL REPORT 04/04/2000 --ANNUAL REPORT 09/24/1999 -- Reg. Agent Change 04/19/1999 --ANNUAL REPORT 05/28/1998 --ANNUAL REPORT 04/20/1998 -- Name Change 11/24/1997 -- Reg. Agent Change 02/27/1997 --ANNUAL REPORT 05/01/1996 --ANNUAL REPORT 02/22/1995 --ANNUAL REPORT View image in PDF format View image in PDF format View image in PDF format View image in PDF format View image in PDF format View image in PDF format View image in PDF format View image in PDF format View image in PDF format View image in PDF format View image in PDF format View image in PDF format View image in PDF format View image in PDF format View image in PDF format View image in PDF format View image in PDF format View image in PDF format View image in PDF format View image in PDF format View image in PDF format View image in PDF format View image in PDF format View image in PDF format View image in PDF format View image in PDF format View image in PDF format View image in PDF format View image in PDF format View image in PDF format View image in PDF format View image in PDF format View image in PDF format View image in PDF format View image in PDF format Florida Department of State, Division of Corporations ACORO® �� CERTIFICATE OF LIABILITY INSURANCE DATE(MM/DD/YYYY) 03/03/2026 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.): (800) 363-0105 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 INSURERS: ACE Property & Casualty Insurance Co. 20699 INSURERC: Twin City Fire Insurance Company 29459 INSURER D: INSURER E: INSURER F: COVERAGES CERTIFICATE NUMBER: 570118289371 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/DDDM/YY) POLICY EXP (MM/DD/YYYY) LIMITS A X COMMERCIAL GENERAL LIABILITY GL0838419924 03/0 721)6 03/01/2027 EACH OCCURRENCE $5,000,000 CLAIMS -MADE X OCCUR V� r DAMAGE TO RENTED PREMISES PREMISES (Ea occurrence) $50,000 im MED EXP (Any one person) $10,000 PERSONAL & ADV INJURY $5,000,000 GEN'LAGGREGATE LIMITAPPLIES PER: \/►�� c( 1 GENERAL AGGREGATE $5,000,000 POLICY PRO X LOC JECT 6k1)14° PRODUCTS - COMP/OP AGG $5,000,000 OTHER: OrN40/ A AUTOMOBILE LIABILITY BAP 8384200 Q3„ 01/2026 �/' 03/01/2027 COMBINED SINGLE LIMIT (Ea accident) $5,000,000 X ANY AUTO BODILY INJURY(Pc: person) OWNED SCHEDULED AUTOS �,\/.,24 '` BODILY INJURY (Per accident) A AUTOS ONLY HIRED AUTOS ONLY NON -OWNED AUTOS ONLY _ �I _ PROPERTY DAMAGE (Per accident) B X UMBRELLA LIAB X OCCUR XEUG27952501011 03/01/2026 03/01/2027 EACH OCCURRENCE $5,000,000 EXCESS LIAB CLAIMS -MADE AGGREGATE $5,000,000 DED X RETENTION $25 000 WORKERS COMPENSATION AND EMPLOYERS'LIABILITY WC838419527 03/01/2026 03/01/2027 x I PER STATUTE I IORH- EA A ANY OFFICER/MEMBER EXCLUDED?EXECUTIVE Y/N N N/A All Other States WC914173620 03/01/2026 03/01/2027 E.L. EACH ACCIDENT $1,000,000 (Mandatory in NH) Wi sconsi n E.L. DISEASE -EA EMPLOYEE $1, 000, 000 IDyes, describe under ESC RIPTION OF OPERATIONS below E.L. DISEASE -POLICY LIMIT $1, 000, 000 DESCRIPTION OF OPERATIONS / LOCATIONS / VEHICLES (ACORD 101 Additional Remarks Schedule, may be attached if more space is required) City of Mi ami 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 570118289371 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 8384199-24 Eff 03-01-2026 POLICY NUMBER: GLO 8384199-24 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 0 Name Of Additional Insured Person(s) Or Organization(s): Any person or organization that the insured has agreed by written contract or written agreement to name as an additional insured and executed prior to the occurrence of any loss. 4„sLio (., `lJ fr Information required to complete this Schedule,' of sh n above, will be shown in the Declarations. q p �( <' A. Section II — Who Is An Insured isamended' include as an additional insured e perso (9 or organization(s) shown in the" edule, buf only with respect to liability for "bo y injury", "property damage" or "personal advertising injury" caused, in whole or part, by your acts or omissions or the acts br omissions 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 FormsTm From: Sent: To: Cc: Subject: GM Daniel The COI is adequate Regards, Quevedo, Terry Wednesday, March 4, 2026 6:26 AM De Vito, Daniel; Gomez Jr., Francisco (Frank) Aviles, Yesenia RE: PROCUREMENT INSURANCE REVIEW FOR CBRE GROUP 7 erry M. Quevedo City of Miami Risk Management Department 14NE 1st Avenue, 2nd Floor Miami, Florida 33132 (305) 416-1641 Office (305) 416-1710 Fax Tquevedo©miamigov. com "Sava', Sniiancal, axd 7140404016.19 O J�Q J� •<(> 4R7 e Jk.5) 4‘p cg" cum egotestagerf From: De Vito, Daniel <DaDeVito@miamigov.com> Sent: Tuesday, March 3, 2026 4:12 PM To: Gomez Jr., Francisco (Frank) <FGomez@miamigov.com>; Quevedo, Terry <TQuevedo@miamigov.com> Cc: Aviles, Yesenia <YAviles@miamigov.com> Subject: PROCUREMENT INSURANCE REVIEW FOR CBRE GROUP Good afternoon 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 Contracting Officer i City of Miami Department of Procurement 444 SW 2nd Avenue, 6th Floor Miami, FL 33130 Office: (305) 416-1922 - Fax (305) 400-5075 Email: dadevito©miamigov.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 _____-„,, ® A`o CERTIFICATE OF LIABILITY INSURANCE DATE(MM/DD/YYYY) 11/05/2125 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 Connecticut Ave Norwalk CT 06854 USA CONTACT NAME: PHONE8003630105 (A/C. No. Ext): (866) 283-7122 FAX No.): 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 INSURER B: INSURERC: INSURER D: INSURER E: INSURER F: COVERAGES CERTIFICATE NUMBER: 570116538846 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) P• LICY EXP (MM/DD/YYYY) LIMITS COMMERCIAL GENERAL LIABILITY EACH OCCURRENCE CLAIMS -MADE OCCUR DAMAGE TO RENTED PREMISES (Ea occurrence) MED EXP (Any one person) PERSONAL & ADV INJURY GEN'LAGGREGATE LIMITAPPLIES PER:^\J GENERAL AGGREGATE POLICY PRO-❑ LOC JECT c /w� PRODUCTS - COMP/OP AGG OTHER: Q AUTOMOBILE LIABILITY COMBINED SINGLE LIMIT accident)ANY AUTO y(Ea cr BODILY INJURY (Per person) OWNED SCHEDULED A NON -OWNED AUTOS ONLY �\l 0 A, PROPERTY DAMAGE (Per accident) UMBRELLA LIAB OCCUR ` EACH OCCURRENCE EXCESS LIAB CLAIMS -MADE AGGREGATE DED RETENTION WORKERS COMPENSATION AND EMPLOYERS' LIABILITY PER STATUTE OTH- ER Y / N ANY PROPRIETOR/PARTNER/EXECUTIVE N / A E.L. EACH ACCIDENT OFFICER/MEMBER EXCLUDED? (Mandatory in NH) E.L. DISEASE -EA EMPLOYEE If yes, describe under DESCRIPTION OF OPERATIONS below E.L. DISEASE -POLICY LIMIT A E&0 - Professional Liability - Primary 080774933 Claims Made SIR applies per policy terms 11/01/2025 & conditions 11/01/2026 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. The retro date of coverage is January 1, 1975. CERTIFICATE HOLDER CANCELLATION Holder Identifier : 570116538846 Certificate No 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, NONCE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. AUTHORIZED REPRESENTATIVE eta iL9 ,7stw ACORD 25 (2016/03) ©1988-2015 ACORD CORPORATION. All rights reserved. The ACORD name and logo are registered marks of ACORD Olivera, Rosemary From: Gandarilla, Aimee Sent: Tuesday, May 12, 2026 11:07 AM To: Hannon, Todd Cc: Olivera, Rosemary; Brown, Sadie; Fossler, Thomas; Johnson, Antiwonesha; Ewan, Nicole; Castro, Joseph Subject: Assignment Agreement Fisher Island Ferry CBRE (Matter 26-972) Attachments: Assignment Agreement Fisher Island Ferry CBRE (Matter 26-972).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. Antiwonesha: Please close Matter 26-972. Thank you, Aimee Procurement Assistant City of Miami Procurement Department 444 SW 2nd Avenue, 6th floor, Miami, FL 33130 P (305) 416-1906 F (305) 400-5073 E agandarilla@miamigov.com "Serving, Enhancing, and Transforming our Community" i