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HomeMy WebLinkAbout23916AGREEMENT INFORMATION AGREEMENT NUMBER 23916 NAME/TYPE OF AGREEMENT CUSHMAN & WAKEFIELD REGIONAL, INC. DESCRIPTION LETTER OF ENGAGEMENT/APPRAISAL SERVICES FOR FOR THREE MARINAS FOR INTERNAL PLANNING PURPOSES/MATTER ID: 22-101 EFFECTIVE DATE ATTESTED BY TODD B. HANNON ATTESTED DATE 5/31/2022 DATE RECEIVED FROM ISSUING DEPT. 5/31/2022 NOTE DOCUSIGN AGREEMENT BY EMAIL DocuSign Envelope ID: 6C3087C9-08C5-435D-B7F6-F6506CFEAF02 .01 R ` CITY OF MIAMI DOCUMENT ROUTING FORM Department of Procurement ORIGINATING DEPARTMENT: DEPT. CONTACT PERSON: Aimee Gandarilla EXT. 1906 NAME OF OTHER CONTRACTUAL PARTY/ENTITY: Cushman & Wakefield Regional, Inc. IS THIS AGREEMENT A RESULT OF A COMPETITIVE PROCUREMENT PROCESS? TOTAL CONTRACT AMOUNT: $ FUNDING INVOLVED? TYPE OF AGREEMENT: ❑ MANAGEMENT AGREEMENT ❑ PROFESSIONAL SERVICES AGREEMENT ❑ GRANT AGREEMENT ❑ EXPERT CONSULTANT AGREEMENT ❑ LICENSE AGREEMENT OTHER: (PLEASE SPECIFY) letter of engagement YES YES ❑ PUBLIC WORKS AGREEMENT ❑ MAINTENANCE AGREEMENT ❑ INTER -LOCAL AGREEMENT ❑ LEASE AGREEMENT ❑ PURCHASE OR SALE AGREEMENT NO NO PURPOSE OF ITEM (BRIEF SUMMARY): To execute a letter of engagement with Cushman & Wakefield Regional, Inc. COMMISSION APPROVAL DATE: FILE ID: ENACTMENT NO.: NOTES. ROUTING INFORMATION Date PLEASE PRINT AND SIGN DIRECTOR OF PROCUREMENT/CHIEF PROCUREMENT OFFICER PR22174 May 26, 2022 I Annie Perez, CPPO 09:51:15 ED oo s„— „ SIGNATURE: _a,M,:. q..,,., RISK MANAGEMENT May 26, 2022 I Ann -Marie Sharpe 09:53:16 ED SIGNATURE: fray,k ao,,,tAy CITY ATTORNEY matter 22-101 May 27, 2022 1 Victoria Mendez 01:16:45 EDT SIGNATURE: v(_,;Q' CF,�aAFs�o<s, ASSISTANT CITY MANAGER, CHIEF FINANCIAL OFFICER May 27, 2022 I Fernando Casamayor 09 : 34 : 46 ED10 s„ �e„y SIGNATURE: ascncnc,<oo ASSISTANT CITY MANAGER, CHIEF OF OPERATIONS Natasha Colebrook -Williams SIGNATURE: DEPUTY CITY MANAGER Nzeribe Ihekwaba, Ph.D., PE SIGNATURE: CITY MANAGER May 30, 2022 I ga 21:43: rtrN6rEDT V SIGNATURE: Qom, y,;,,,y, CITY CLERK May 31, 2022 Todd Hannon I S {ift. PLEASE ATTACH THIS ROUTING FORM TO ALL DOCUMENTS THAT REQUIRE EXECUTION BY THE CITY MANAGER DocuSign Envelope ID: 6C3087C9-08C5-435D-B7F6-F6506CFEAF02 • roar 0 R ` City of Miami Office of the City Attorney Legal Services Request To: Office of the City Attorney 5/25/2022 Date: From: Yadissa Calderon Procurement Contact Person Requesting Client Assistant Director (305) 416-1908 Title Telephone Legal Service Requested: matter 22-101 - To execute a letter of engagement with Cushman & Wakefield Regional, Inc. 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: FlIssue opinion in writing. Publish opinion after issuance. Authorized by: Yadissa Calderon 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: Type: Matrix: Category: Copy returned to Requesting Client Copy to Ultimate Client rev. 04/14/2017 DocuSign Envelope ID: 6C3087C9-08C5-435D-B7F6-F6506CFEAF02 Robert N. Skinner, MAI, MRICS Executive Managing Director May 2, 2022 Ms. Jacqueline Lorenzo Assistant Director, Real Estate & Asset Management CITY OF MIAMI 444 SW 2nd Avenue, 3rd Floor Miami, FL 33130 IIIIIIIt WA CUSHMEFI�ELD Cushman & Wakefield of Massachusetts, Inc. 225 Franklin Street, Suite 300 Boston, MA 02110 (617) 204-5912 Tel (617) 330-9499 Fax robert.skinner@cushwake.com Re: Dinner Key Marina Bayside Shopping Mall & Marina Marina Stadium — Virginia Key 3400 Pan America Drive 401 Biscayne Boulevard 3501 Rickenbacker Causeway Miami, FL 33133 Miami, FL 33132 Miami, FL 33149 Dear Ms. Hollander: Thank you for requesting our proposal for appraisal services. This proposal letter will become, upon your acceptance, our letter of engagement to provide the services outlined herein. I. PROBLEM IDENTIFICATION The Parties to This Agreement: Intended Users: Intended Use: Type of Opinion and Rights Appraised: Date of Value: Subject of the Assignment and Relevant Characteristics: Assignment Conditions: II. ANTICIPATED SCOPE OF WORK USPAP Compliance: TERMS OF ENGAGEMENT Cushman & Wakefield Regional, Inc. ("C&W") and CITY OF MIAMI (the "Client" or "City"). The appraisal will be prepared for the Client ("Intended User") and is intended only for the use specified below. The Client agrees that there are no other Intended Users For internal planning purposes. Market value of the Leased Fee Interest. • Date of inspection The properties to be appraised are three marinas located in Miami, FL. We do not anticipate the use of any Extraordinary Assumptions or Hypothetical Conditions. C&W will develop an appraisal in accordance with Uniform Standards of Professional Appraisal Practice ("USPAP") and the Code of Ethics and Certification Standards of the Appraisal Institute. DocuSign Envelope ID: 6C3087C9-08C5-435D-B7F6-F6506CFEAF02 General Scope of Work: III. REPORTING AND DISCLOSURE Scope of Work Disclosure: Reporting Option: • Property Inspection to the extent necessary to adequately identify the real estate • Research relevant market data, in terms of quantity, quality, and geographic comparability, to the extent necessary to produce credible appraisal results • Consider and develop those approaches relevant and applicable to the appraisal problem. Based on our discussions with the Client, we anticipate developing the following valuation approaches: o Income Capitalization Approach o Sales Comparison Approach The actual Scope of Work will be reported within the reports. The appraisal will be communicated in three separate Appraisal Reports. IV. FEE, EXPENSES AND OTHER TERMS OF ENGAGEMENT Fee: Additional Expenses: Retainer: Report Copies: Start Date: Acceptance Date: Final Report Delivery: Changes to Agreement: Prior Services Disclosure: $5,000 per asset or $15,000 total. C&W has agreed to absorb the full cost of this assignment. Fee quoted is inclusive of expenses related to the preparation of the reports. A retainer is not required for this assignment to commence work. The final reports will be delivered in electronic format. The appraisal process will initiate upon receipt of signed Agreement, applicable retainer, and the receipt of the property - specific data. This proposal is subject to withdrawal if the engagement letter is not executed by the Client within four (4) business days. Within four (4) weeks of receipt of your written authorization to proceed, assuming prompt receipt of necessary property information. The identity of the Client, Intended User(s) identified herein, or Intended Use identified herein; the date of value; type of value or interest appraised; or property appraised cannot be changed without a new agreement. USPAP requires disclosure of prior services performed by the individual appraiser within the three years prior to this assignment. The undersigned appraiser(s) have not provided prior services within the designated time frame. DocuSign Envelope ID: 6C3087C9-08C5-435D-B7F6-F6506CFEAF02 Future Marketing Disclosure: Unless otherwise directed, at the conclusion of this engagement, we may disclose that we have appraised the subject property in future marketing documents and materials. Conflicts of Interest: C&W adheres to a strict internal conflict of interest policy. If we discover in the preparation of our appraisal a conflict with this assignment, we reserve the right to withdraw from the assignment without penalty. Cancellation of Engagement: Client may cancel this Agreement at any time prior to C&W's delivery of the appraisal reports upon written notification to C&W. Withdrawal of Appraiser Prior to C&W may withdraw without penalty or liability from the Completion of Assignment: assignment(s) contemplated under this Agreement before completion or reporting of the appraisal in the event that C&W determines, at C&W's sole discretion, that insufficient information was provided to C&W prior to the engagement, that Client or other parties have not or cannot provide C&W with documentation or information necessary to C&W's analysis or reporting, that conditions of the subject property render the original scope of work inappropriate. Further Conditions of Engagement: The Conditions of Engagement attached hereto are incorporated herein and are part of this letter of engagement. DocuSign Envelope ID: 6C3087C9-08C5-435D-B7F6-F6506CFEAF02 IN WITNESS WHEREOF, the parties hereto have caused this instrument to be executed by their respective officials thereunto duly authorized on the date provided herein. BY: BY: ATTEST: Robert Skinner Executive Managing Director Date: 5/25/2022 ATTEST: DocuSigned by: DocuSigned by: o Hannon "C&W" CUSHMAN & WAKEFIELD REGIONAL, INC., a foreign corporation authorized to conduct business in Florida "Client" or "City" CITY OF MIAMI, a Florida municipal corporation BY: —DocuSigned by: [Jr t,+v NoritAr. Arthur Noriega V City Clerk City Manager Date: May 31, 2022 1 19:44:18 EDT Date: May 30, 2022 1 21:43:56 EDT APPROVED AS TO LEGAL FORM AND APPROVED AS TO INSURANCE CORRECTNESS: D cuSignedby ADS gie7--)4-"3 BY: Victoria (Matter 22-101) City Attorney May 27, 2022 1 01:16:45 EDT Date: REQUIREMENTS: pDocusigned by: BY: Frauk GowIt.Aj '-2/J9b 14E/.. Anne Marie narpe, Director Risk Management May 26, 2022 1 09:53:16 EDT Date: CONDITIONS OF ENGAGEMENT DocuSign Envelope ID: 6C3087C9-08C5-435D-B7F6-F6506CFEAF02 1) Each Intended User identified herein should consider the appraisal as only one factor together with its independent investment considerations and underwriting criteria in its overall investment decision. The appraisal cannot be used by any party or for any purpose other than the Intended User(s) identified herein for the Intended Use described herein. 2) Unless identified expressly in this Agreement, there are no third -party beneficiaries of Agreement pertaining to the appraisal, and no other person or entity shall have any right, benefit or interest under such Agreement. The identification of a party as an intended user of the appraisal does not mean that the party is a third -party beneficiary of the Agreement. 3) The appraisal report will be subject to our standard Assumptions and Limiting Conditions, which will be incorporated into the appraisal. All users of the appraisal report are specifically cautioned to understand the standard Assumptions and Limiting Conditions as well as any Extraordinary Assumptions and Hypothetical Conditions which may be employed by the appraiser and incorporated into the appraisal. 4) C&W shall have the right to utilize its affiliates in the performance of its services, provided that they comply with the obligations of C&W pursuant to this engagement. 5) The appraisal report or our name may not be used in any offering memoranda or other investment material without the prior written consent of C&W, which may be given at the sole discretion of C&W. Each party is responsible for its own attorneys' fees. C&W disclaims any and all liability with regard to the appraisal prepared pursuant to the engagement to any party other than the Intended User(s). Under no circumstances will C&W consent to the quote, reference or inclusion of the appraisal in connection with crowd funding activities. Further, crowd funding investors are specifically excluded from any class of Intended Users. 6) [Intentionally Omitted] 7) If C&W or any of its affiliates or any of their respective employees receives a subpoena or other judicial command to produce documents or to provide testimony involving this assignment in connection with a lawsuit or proceeding, C&W will use reasonable efforts to notify the Client of our receipt of same. However, if C&W or any of its affiliates are not a party to these proceedings, Client agrees to compensate C&W or its affiliate for the professional time and reimburse C&W or its affiliate for the actual expense that it incurs in responding to any such subpoena or judicial command, including attorneys' fees, if any, as they are incurred. C&W or its affiliate will be compensated at the then prevailing hourly rates of the personnel responding to the subpoena or command for testimony. 8) By signing this Agreement Client expressly agrees that its sole and exclusive remedy for any and all losses or damages relating to this Agreement, or the appraisal shall be limited to $1,000,000. In the event that the Client, or any other party entitled to do so, makes a claim against C&W or any of its affiliates or any of their respective officers or employees in connection with or in any way relating to this engagement or the appraisal, the maximum damages recoverable from C&W or any of its affiliates or their respective officers or employees shall be $1,000,000 and under no circumstances shall any claim for consequential, indirect, special, punitive or liquidated damages be made. This paragraph shall not apply in the event of C&W's gross negligence, willful misconduct or fraud. 9) C&W disclaims any and all liability to any party with regard to the appraisal report other than an Intended User identified herein. 10) [Intentionally Omitted] Notwithstanding that C&W may comment on, analyze or assume certain conditions in the appraisal, C&W shall have no monetary liability or responsibility for alleged claims or damages pertaining to: (a) title defects, liens or encumbrances affecting the property; (b) the property's compliance with local, state or federal zoning, planning, building, disability access and environmental laws, regulations and standards; (c) building permits and planning approvals for improvements on the property; (d) structural or mechanical soundness or safety; (e) contamination, mold, pollution, storage tanks, animal infestations and other hazardous conditions affecting the property; and (f) other conditions and matters for which licensed real estate appraisers are not customarily deemed to have professional expertise. 12) Legal claims or causes of action relating to the appraisal or this Agreement are not assignable, except: (i) as the result of a merger, consolidation, sale or purchase of a legal entity, (ii) with regard to the collection of a bona fide existing debt for services but then only to the extent of the total compensation for the appraisal plus reasonable interest, or (iii) in the case of an appraisal performed in connection with the origination of a mortgage loan, as part of the transfer or sale of the mortgage before an event of default on the mortgage or note or its legal equivalent. 13) Each party represents and warrants to the other that it, and all persons and entities owning (directly or indirectly) an ownership interest in it: (a) are not, and will not become, a person or entity with whom a party is prohibited from doing business under regulations of the Office of Foreign Asset Control ("OFAC") of the Department of the Treasury (including, but not limited to, those named on OFAC's Specially Designated and Blocked Persons list) or under any statute, executive order or other governmental action; and (b) are not knowingly engaged in, and will not knowingly engage in, any dealings or transactions or be otherwise associated with such persons or entities described in clause (a) above. 14) Each party represents and warrants to the other that it (and any party acting on its behalf) has not, in order to enter into this Agreement, offered, promised, authorized or made any payments or transfers of 11) DocuSign Envelope ID: 6C3087C9-08C5-435D-B7F6-F6506CFEAF02 anything of value which have the purpose or effect of public or commercial bribery, kickbacks or other unlawful or improper means of doing business ("Prohibited Activity") and will not engage in Prohibited Activity during the term of this Agreement. In the event of any violation of this section, the non -offending party shall be entitled to immediately terminate this Agreement and take such other actions as are permitted or required to be taken under law or in equity. 15) PUBLIC RECORDS: A. C&W 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. C&W'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. C&W 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) upon request from the City's custodian of public records, provide the City with a copy of the requested records or allow the records to be inspected or copied within a reasonable time at a cost that does not exceed the cost provided in Chapter 119, Florida Statutes, or as otherwise provided by law; (3) ensure that public records that are exempt or confidential and exempt from public records disclosure requirements are not disclosed except as authorized by law for the duration of the Agreement term and following completion of the Agreement if C&W does not transfer the records to the City; (4) upon completion of the Agreement, transfer, at no cost, to the City all public records in possession of C&W or keep and maintain public records required by the City to perform the service, if C&W transfers all public records to the City upon completion of the Agreement, C&W shall destroy any duplicate public records that are exempt or confidential and exempt from public records disclosure requirements, if C&W keeps and maintains public records upon completion of the Agreement, C&W shall meet all applicable requirements for retaining public records, all records stored electronically must be provided to the City, upon written request from the City's custodian of public records, in a format that is compatible with the information technology systems of the City. Notwithstanding the foregoing, C&W 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 regulation, or to evidence compliance with the terms of the Agreement. C. Should C&W determine to dispute any public access provision required by Florida Statutes, then C&W shall do so at its own expense and at no cost to the City. IF C&W HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO C&W'S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THE AGREEMENT, CONTACT THE DIVISION 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. C&W MAY ALSO CONTACT THE RECORDS CUSTODIAN AT THE CITY OF MIAMI DEPARTMENT WHO IS ADMINISTERING THIS AGREEMENT. 15) INSURANCE: A. C&W shall, always during the term hereof, maintain such insurance coverage(s) as may be required by the City through third -party insurers or C&W's wholly owned captive insurance company. The insurance coverage(s) required as of the Effective Date of this Agreement is attached hereto as Exhibit "D" and incorporated herein by this reference. C&W shall include 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. C&W shall correct any insurance certificates as requested by the City's Risk Management Administrator. All such insurance, including renewals 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 C&W shall at any time upon request file duplicate copies of the Certificate of Insurance with the City. C. C&W understands and agrees that all liabilities regarding the use of any of C&W's employees or any of C&W's subcontractors for services related to this Agreement shall be borne solely by C&W throughout the term of this Agreement and that this provision shall survive the termination of this Agreement. C&W further understands and agrees that insurance for each employee of C&W and each subcontractor providing services related to this Agreement shall be maintained in good standing. D. C&W 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, C&W shall be responsible for submitting new or renewed insurance certificates to the City's Risk Management Administrator within fifteen (15) days after the renewal date. 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 within fifteen (15) days after the renewal date: (i) the City shall suspend this Agreement until the new or renewed certificate(s) are received in acceptable form by the City's Risk Management Administrator; or (ii) the City may, at its sole discretion, terminate the Agreement for cause and seek re -procurement damages from C&W in conjunction with the violation of the terms and conditions of this Agreement. DocuSign Envelope ID: 6C3087C9-08C5-435D-B7F6-F6506CFEAF02 E. Compliance with the foregoing requirements shall not relieve C&W of its liabilities and obligations under this Agreement. 16) MISCELLANEOUS PROVISIONS: A. This Agreement shall be construed and enforced according to the laws of the State of Florida. Venue in any proceedings between the parties shall be in Miami -Dade County, Florida. Each party shall bear its own attorney's fees. Each party waives any defense, whether asserted by motion 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. The parties irrevocably, knowingly, and voluntarily waive any rights to a jury trial in any action or proceeding between them arising out of this Agreement. B. No waiver or breach of any provision of this Agreement shall constitute a waiver of any subsequent breach of the same or any other provision hereof, and no waiver shall be effective unless made in writing. C. Should any provision, paragraph, sentence, word or phrase contained in this Agreement be determined by a court of competent jurisdiction to be invalid, illegal or otherwise unenforceable under the laws of the State of Florida or the City of Miami, such provision, paragraph, sentence, word or phrase shall be deemed modified to the extent necessary in order to conform with such laws, or if not modifiable, then the same shall be deemed severable, and in either event, the remaining terms and provisions of this Agreement shall remain unmodified and in full force and effect or limitation of its use. D. C&W shall comply with all applicable laws, rules, and regulations in the performance of this Agreement, including but not limited to licensure, and certifications required by law for professional service of C&Ws. E. No modification or amendment hereto shall be valid unless in writing and executed by properly authorized representatives of the parties hereto. The City Manager shall have the sole authority to extend, amend, or modify this Agreement on behalf of the City. 17) COUNTERPARTS, ELECTRONIC SIGNATURES:18) This Agreement may be executed in counterparts, each of which shall be an original as against either party whose signature appears thereon, but all of which taken together shall constitute but one and the same instrument. An executed facsimile or electronic scanned copy of this Agreement shall have the same force and effect as an original. The parties shall be entitled to sign and transmit an electronic signature on this Agreement (whether by facsimile, PDF, or other email transmission), which signature shall be binding on the party whose name is contained therein. Any party providing an electronic signature agrees to promptly execute and deliver to the other parties an original signed Agreement upon request. DocuSign Envelope ID: 6C3087C9-08C5-435D-B7F6-F6506CFEAF02 ACCORD® � O� CERTIFICATE OF LIABILITY INSURANCE DATE (MM/DD/YYYY) 5/11/2022 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 Marsh USA Inc. 540 W. Madison Chicago, IL 60661 CONTACT NAME: PHONE FAX (A/C, No, Ext): (A/C, No): ADDRESS: INSURER(S) AFFORDING COVERAGE NAIC # INSURER A: ACE American Insurance Company 22667 INSURED Cushman & Wakefield, Inc. 225 West Wacker Drive, Suite 3000 Chicago, IL 60606 INSURER B: Travelers Property Cas Co of America 25674 INSURER C: The Travelers Indemnity Co. 25658 INSURER D: INSURER E : INSURER F: COVERAGES CERTIFICATE NUMBER: 974175 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 CLAI MS. Limits shown are as requested INSR LTR TYPEOFINSURANCE ADDL INSD SUBR wVD POLICY NUMBER POLICY EFF04 (MM/DD/YYYY) POLICY EXP (MM/DD/YYYY) LIMITS A X COMMERCIAL GENERAL LIABILITY XSL G72496280 /'' ( 11 �`/(�� /1 ` / !/) 1/1/ O ^' 1 �\)1� i 1/1/2023 EACH OCCURRENCE $ 2,000,000 DAMAGE TO RENTED PREMISES (Ea occurrence) $ 2,000,000 CLAIMS -MADE X OCCUR MED EXP (Any one person) $ NA PERSONAL & ADV INJURY $ 2,000,000 GENERAL AGGREGATE $ 4,000,000 GEN'LAGGREGATELIMITAPPLIESPER: X POLICY n PRO- n LOC JECT OTHER: PRODUCTS -COMP/OP AGG $ 4,000,000 SIR $ 500,000 B AUTOMOBILE X LIABILITY ANY AUTO OWNED SCHEDULED AUTOS NON -OWNED AUTOS ONLY TC2JCAP-4286L417-TIL-22 Cr , y� /� /` c� ` r O O 1/1/2022 1/1/2023 COMBINED SINGLE LIMIT (Ea accident) $ 2,000,000 BODILY INJURY (Per person) $ BODILYINJURY(Peraccident) $ PROPERTY DAMAGE (Per accident) $ $ UMBRELLALIAB EXCESS LIAR OCCUR CLAIMS -MADE fc,EACH OCCURRENCE AGGREGATE $ DED RETENTION $ $ g C B WORKERS COMPENSATION EMPLOYERS' LIABILITY ANY PROPRIETOR/PARTNER/EXECUTIVE OFFICER/MEMBER EXCLUDED? (Mandatory in NH) If yes, describe under DESCRIPTION OF OPERATIONS below Y/ N N N / A (AOS) UB-0P135893-22-51-K AOS UB-8N678063-22-51-R (AZ) TWXJUB-4286L405-22(OH) Policy above includes $500,000 SIR 1/1/2022 1/1/2022 1/1/2022 1/1/2023 1/1/2023 1/1/2023 X STATUTE MUTE 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 101, Additional Remarks Schedule, may be attached if more space is required) City of Miami is included as an Additional Insured 'n regards to General Liability and Auto Liability solely with respect to claims arising out of Cushman and Wakefield acts while on the premises for Cushman & Wakefield operations with the Certificate Holder as required by written contract or agreement and where allowed by law. Insurance afforded to the Additional Insureds in regards to General Liability and Auto Liability shall apply as primary insurance and any other insurance carried by the Certificate Holder will not contribute with this insurance and is limited to liability arising out of the operations of the Named Insured where required by written contract and where allowed by law. CERTIFICATE HOLDER CANCELLATION 22-23 GLALWC (Cush&Wake Inc.) 974175 City of Miami 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 POLICYPROVISIONS. AUTHORIZED REPRESENTATIVE of Marsh USA Inc. ACORD 25 (2016/03) © 1988-2015 ACORD CORPORATION. All rights reserved. The ACORD name and logo are registered marks of ACORD DocuSign Envelope ID: 6C3087C9-08C5-435D-B7F6-F6506CFEAF02 A� o® CERTIFICATE OF LIABILITY INSURANCE DATE (MM/DDIYYYY) 5(MMIDD22 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 UK Limited 122 Leadenhall Street London EC3V 4AN United Kingdom CONTACT NAME: PHONE FAX (A/C, No, Ext): (A/C, No): E-MAIL ADDRESS: INSURER(S) AFFORDING COVERAGE NAIC# INSURER A: See Attached INSURED Cushman & Wakefield, Inc. 225 West Wacker Drive, Suite 3000 Chicago, IL 60606 INSURER B: INSURER C: INSURER D: INSURER E : INSURER F: COVERAGES CERTIFICATE NUMBER: 974174 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 VWD POLICY NUMBER POLICY EFP� (MMIDDIY)` Y,YY POLICY EXP (NIM/DDIYYYY) LIMITS COMMERCIAL GENERAL LIABILITY /'' ( �`/(�� ` ■■■///������ O A 1 O 1� EACH OCCURRENCE $ DAMAGE TO RENTED PREMISES (Ea occurrence) $ CLAIMS -MADE I� OCCUR MED EXP (Any one person) $ PERSONAL & ADV INJURY $ GENERAL AGGREGATE $ GEN'L AGGREGATE LIMIT APPLIES PER: POLICY n PRO- LOC JECT OTHER: PRODUCTS -COMP/OP AGG $ $ AUTOMOBILE LIABILITY ANY AUTO OWNED SCHEDULED AUTOS NON -OWNED AUTOS ONLY �� /� c� ` Y✓l O O COMBINED SINGLE LIMIT (Ea accident) $ BODILY INJURY (Per person) $ BODILY INJURY (Per accident) $ PROPERTY DAMAGE (Per accident) $ $ UMBRELLALIAB EXCESS LIAB OCCUR CLAIMS -MADE fc,EACH OCCURRENCE AGGREGATE $ DED RETENTION $ $ 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 / A PER STATUTE OTH- ER E.L. EACH ACCIDENT $ E.L. DISEASE - EA EMPLOYEE $ E.L. DISEASE - POLICY LIM IT $ A B C E&O- MPL- Primary PSDEF2100578 Claims -Made Policy; SIR applies per policy terms & conditions 12/31/2021 12/31/2022 Each Claim $2,000,000 Aggregate $2,000,000 SIR $ 350,000 DESCRIPTION OF OPERATIONS/ LOCATIONS /VEHICLES (ACORD 101, Additional Remarks Schedule, may be attached if more space is required) As respects Errors and Omissions Liability policy PSDEF2100578, Aon Risk Services Central, Inc. is generating and distributing this certificate in an administrative capacity. Aon UK Limited is the broker for the defined policy. CERTIFICATE HOLDER CANCELLATION 21-22 Cush & Wake E&O 974174 City of Miami 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 POLICYPROVISIONS. AUTHORIZED REPRESENTATIVE ACORD 25 (2016/03) © 1988-2015 ACORD CORPORATION. All rights reserved. The ACORD name and logo are registered marks of ACORD DocuSign Envelope ID: 6C3087C9-08C5-435D-B7F6-F6506CFEAF02 AGENCY CUSTOMER ID: LOC #: ADDITIONAL REMARKS SCHEDULE Page 1 of 1 AGENCY Aon UK Limited NAMED INSURED See Below POUCY NUMBER see Below CARRIER see Below NAIC CODE EFFECTIVE DATE: 12/31/2021 to 12/31/2022 ADDITIONAL REMARKS THIS ADDITIONAL REMARKS FORM IS A SCHEDULE TO ACORD FORM, FORM NUMBER: ACORD 25 FORM TITLE: Evidence of Professional Indemnity Insurance PROFESSIONAL INDEMNITY COVERAGE — PRIMARY NAMED INSUREDS: Cushman & Wakefield, Inc. Cushman & Wakefield U.S., Inc. C&W Facility Services dba C&W Services Cushman & Wakefield Solutions, LLC Cushman & Wakefield ULC Policy No. PSDEF2100578 !,� V Liberty Mutual Insurance Co. — 15.88% ��^^^^� V Great Lakes Reinsurance (UK) SE — 28.5 °� �V XL Insurance Company SE — 15.88°& ' k V Greenwich Insurance Co. — 19.0370 J (!"A' � OYJ Allied World Assurance Co. Ltd. Australia Branch — 15.88% Lloyd's of London Syndicate 1274 — 4.76% ACORD 101 (2008/01) The ACORD name and logo are registered marks of ACORD © 2008 ACORD CORPORATION. All rights reserved. DocuSign Envelope ID: 6C3087C9-08C5-435D-B7F6-F6506CFEAF02 From: To: Subject: Date: Attachments: Gomez Jr., Francisco (Frank) Carbonell, Aileen; Ouevedo. Terry RE: PROCUREMENT INSURANCE REVIEW FOR CUSHMAN & WAKEFIELD INC COI Wednesday, May 11, 2022 1:17:47 PM image002.pnq Good afternoon Aileen, The COI is adequate. Thanks, Frank Gomez, PIAM, CPU I Property & Casualty Manager City of Miami Risk Management (305) 416-174o Office (305) 416-176o Fax fgomez@miamicrov.com ON-. 4q' <0' PQ "Serving, Enhancing, and Transforming our Cammunity" From: Carbonell, Aileen <ACarbonell@miamigov.com> Sent: Wednesday, May 11, 2022 1:02 PM To: Quevedo, Terry <TQuevedo@miamigov.com> Cc: Gomez Jr., Francisco (Frank) <FGomez@miamigov.com> Subject: PROCUREMENT INSURANCE REVIEW FOR CUSHMAN & WAKEFIELD INC COI Importance: High Good afternoon, Please review the insurance attached at your earliest convenience and advise if adequate according DocuSign Envelope ID: 6C3087C9-08C5-435D-B7F6-F6506CFEAF02 to insurance requirements contained therein. Thank you! Kind regards, Aileen Carbonell, MPA Procurement Assistant Department of Procurement 444 SW 2nd Avenue, 6th Floor Miami, Florida 33130 Office: (305) 416-1922 Facsimile: (305) 416-1925 Email: acarbonellPmiamigov.com Remit W9 to: PurchasingSupplierAdminsC1miamigov.com Website: https://beta.miamigov.com/Government/Departments-Organizations/Procurement "Serving, Enhancing, arming our Community" CONFIDENTIAL COMMUNICA The information contained in this transmission may contain privileged and confidential information. It is intended only for the use of the person(s) named above. If you are not the intended recipient, you are hereby notified that any review, dissemination, distribution, or duplication of this communication is strictly prohibited. If you are not the intended recipient, please immediately contact the sender by reply e-mail and destroy all copies of the original message. Thank you. *Please Note: Due to Florida's very broad public records law, most written communications to or from City of Miami employees regarding City business are public records, available to the public and media upon request. Therefore, this e-mail communication may be subject to public disclosure. Olivera, Rosemary From: Gandarilla, Aimee Sent: Wednesday, June 1, 2022 8:05 AM To: Hannon, Todd Cc: Olivera, Rosemary; Lee, Denise; Cabrera, Paola Subject: Executed Letter of Engagement Cushman & Wakefield Regional, Inc - matter 22-101 Attachments: Letter of Engagement Cushman & Wakefield Regional, Inc.pdf Good morning Todd: Please find attached the fully executed copy of an agreement from DocuSign that is to be considered an original agreement for your records. Thank you, a we candemn& Procurement Assistant City of Miami Department of Procurement 444 SW 2' Avenue, 6th floor, Miami, FL 33130 P (305) 416-1906 F(305) 400-5338 agandarilla@miamigov.com https://miamigov.com/Govern ment/Departments-Organizations/Procurement "Serving, Enhancing, and Transforming our Community" If you're not already a Vendor, click on or scan the QR Code to register as a new Vendor for the City of Miami. 1