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Resolution 2020-31487 RESOLUTION NO. 2020-31487 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ACCEPTING THE RECOMMENDATION OF THE ART IN PUBLIC PLACES COMMITTEE AND APPROVING THE 500 ALTON ROAD PUBLIC ART COMMISSION BY MIAMI BASED ARTIST MARK HANDFORTH; TO BE FUNDED THROUGH THE ESCROW AGREEMENT BETWEEN TCH 500 ALTON, LLC AND THE CITY OF MIAMI BEACH IN THE AMOUNT OF $95,812.00, THUS SATISFYING THE REQUIREMENTS OF THE ART IN PUBLIC PLACES ORDINANCE. WHEREAS, in 1995, the Mayor and City Commission adopted Ordinance No. 95-2985, also known as the Art in Public Places ("AiPP") Ordinance, to "enhance the aesthetic environment of the City of Miami Beach by including works of art on public property within the City and in City construction projects"; and WHEREAS, the goals of the AiPP program are: overseeing the City's public art collection; enhancing the physical environment of Miami Beach with artworks of the highest level of quality and suitability for the site; serving as the coordinating body for all public art projects on City property; building partnerships with the private sector, non- profit and community groups that connect the AiPP projects to the life of the City; encouraging participation by artists based locally, nationally and internationally; and serving as a source of information about public art; and WHEREAS, on September 11 , 2019, the Mayor and City Commission adopted Ordinance No. 2019-4296, amending the Art in Public Places Ordinance to increase the amount to be appropriated to the Art in Public Places fund from not less than 1 .5%, to not less than 2% of the construction cost of city construction projects and joint public /private developments; to decrease the dollar threshold of city construction projects from $500,000 to $250,000 for projects subject to the provisions of Art in Public Places; amend the definition of City construction projects; amend applicable projects to include management agreements for a City-owned buildings or facilities having a term of ten (10) years or more; and amend consideration of a waiver of the required AiPP appropriation to require a resolution approved by 5/7th vote of the City Commission; and WHEREAS, currently, the AiPP program is funded by 2% of all "hard costs" of City capital construction projects, including new construction, additions, and costs for construction of joint private/public projects; and WHEREAS, pursuant to Section 82-562 of the AiPP ordinance, entitled "Powers and Duties" of the Art in Public Places Committee, the AiPP Committee shall recommend to the City Commission whether a particular proposed city construction project is an appropriate site for works of art and whether all or a part of the appropriation required by Section 82-587 should be utilized at the site or, reduced or waived in its entirety or, placed, whether in its entirety or a portion thereof, in the art in public places fund for other acceptable uses; and WHEREAS, the AiPP Committee shall also recommend to the City Commission the selection of existing work of art or determine whether to recommend the selection of new works of art, and screen submissions therefore; and WHEREAS, on December 12, 2018, the City of Miami Beach entered into an agreement with South Beach Heights I, LLC, 500 Alton Road Ventures, LLC, 1220 Sixth, LLC, and KGM Equities, LLC (collectively the "Developer") via Resolution No. 2018-30647 for the development of properties located at 500 Alton Road, 630 Alton Road, 650 Alton Road, 1220 6th Street, 659 West Avenue, 701 West Avenue, 703 West Avenue, 711 West Avenue, 721 West Avenue, 723 West Avenue, 727 West Avenue, and 737 West Avenue ( collectively, the " Development Sites"); and WHEREAS, as part of the Agreement, the Developer is required to comply with the City's Art in Public Places Ordinance, defined in Section 16 of the Development Agreement as follows: The Developer shall comply with the City' s Art In Public Places (the "AIPP') program requirements under Section 82-536 through 82-612 of the City Code (as applicable) and shall contribute to the City' s Art in Public Places fund the total of 1.5% of the " construction cost" as such term is defined in Section 82- 537 of the City Code) of the Park Project (the "Public Art Funds') no later than the date of execution of a construction contract for or that includes the construction of the Park Project, as required by the City Code. The full amount of the Public Art Funds shall be dedicated to Developer' s use for public art within the Park Site. In view of the Developer' s overall design responsibility for the Park Project, the Developer shall either: (a) submit the proposed artworks to be funded with the Public Art Funds to the City' s Art In Public Places Committee for its review, recommendation and approval; or (b) seek the City Commission' s approval of the proposed artworks and waiver of any applicable AIPP program requirements, which approval by the City Commission shall not to be unreasonably withheld, conditioned or delayed. WHEREAS, on October 20, 2020, the Developer presented to the City's AiPP Committee a proposed artwork, Mark Handforth's Snow White, 2016, to be funded with the Public Art Funds; and WHEREAS, following a presentation of the proposed work by artist Mark Handforth and upon reviewing the required submission materials, the AIPP Committee made a unanimous motion to accept the work as part of the City of Miami Beach Art in Public Places Collection, and further recognized that the Developer has fulfilled its public art contribution, as required by the Art in Public Places Ordinance. NOW, THEREFORE, BE IT DULY RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that the Mayor and City Commission hereby accept the recommendation of the Art in Public Places Committee, and approve the 500 Alton Road Public Art Commission by Miami based artist Mark Handforth; to be funded through the escrow agreement between TCH 500 Alton, LLC and the City of Miami Beach in the amount of $95,812.00, thus satisfying the requirements of the Art in Public Places Ordinance. PASSED and ADOPTED this /b"' day of PaYeMbe✓ , 2020. 1<)- 1----____ Dan Gelber, Mayor ATTEST: 4 , Le--LZ Rafael E. ranado, City le k AV, 1 B4c;S, s r i IRCORP 01ATED! f �I�9�I �6McV cH•2 .�g� APPROVED AS TO FORM & LANGUAGE & FOR EXECUTION qtkrAi\4'. 1-1(A5-- 1 1113 jZDZOity Attomey Data Resolutions - C7 0 MIAMI BEACH COMMISSION MEMORANDUM TO: Honorable Mayor and Members of the City Commission FROM: Jimmy L. Morales, City Manager DATE: November 18, 2020 SUBJECT:A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ACCEPTING THE RECOMMENDATION OF THE ART IN PUBLIC PLACES COMMITTEE AND APPROVING THE 500 ALTON ROAD PUBLIC ART COMMISSION BY MIAMI BASED ARTIST MARK HANDFORTH; TO BE FUNDED THROUGH THE ESCROW AGREEMENT BETWEEN TCH 500 ALTON, LLC AND THE CITY OF MIAMI BEACH IN THE AMOUNT OF $95,812.00, THUS SATISFYING THE REQUIREMENTS OF THE ART IN PUBLIC PLACES ORDINANCE. RECOMMENDATION The Administration recommends the City Commission adopt the resolution. BACKGROUND/HISTORY The Art in Public Places Ordinance (No. 95-2985) was adopted in 1995 and was created to "enhance the aesthetic environment of the City of Miami Beach by including works of art on public property within the City and in City construction projects." On September 11, 2019, the Art in Public Places Ordinance was amended to increase the amount to be appropriated to the Art in Public Places fund from not less than 1.5%, to not less than 2% of the construction cost of city construction projects and joint public /private developments; amend the dollar threshold of city construction projects from $500,000 to $250,000, for projects subject to the provisions of Art in Public Places; amend the definition of City construction projects; amend applicable projects to include management agreements for a City-owned buildings or facilities having a term of ten (10) years or more; and amend consideration of a waiver of the required AiPP appropriation to require a resolution approved by 517th vote of the City Commission The goals of the AiPP program are: overseeing the City's public art collection; enhancing the physical environment of Miami Beach with artworks of the highest level of quality and suitability for the site; serving as the coordinating body for all public art projects on City property; building partnerships with the private sector, non-profit and community groups that connect the AiPP projects to the life of the City; encouraging participation by artists based locally, nationally and internationally; and serving as a source of information about public art. The Art in Public Places program is funded by 2 % of all "hard costs" of City capital construction projects, including new construction, additions, and costs for construction of joint private/public Page 246 of 1430 projects. As provided in Sec. 82-562 "Powers and Duties" of the Art in Public Places Committee, the Art in Public Places Committee shall recommend to the City Commission whether a particular proposed city construction project is an appropriate site for works of art and whether all or a part of the appropriation required by section 82-587 should be utilized at the site or, reduced or waived in its entirety or, placed, whether in its entirety or a portion thereof, in the art in public places fund for other acceptable uses. The Art in Public Places Committee shall also recommend to the City Commission the selection of existing work of art or to determine whether to recommend the selection of new works of art, and screen submissions therefore. ANALYSIS On December 12, 2018, the City of Miami Beach entered into an agreement with South Beach Heights I, LLC, 500 Alton Road Ventures, LLC, 1220 Sixth, LLC, and KGM Equities, LLC (collectively the "Developer")via Resolution No. 2018-30647 for the development of properties located at 500 Alton Road 630 Alton Road, 650 Alton Road, 1220 6th Street, 659 West Avenue, 701 West Avenue, 703 West Avenue, 711 West Avenue, 721 West Avenue, 723 West Avenue, 727 West Avenue, and 737 West Avenue ( collectively, the " Development Site"). As part of the Agreement, the Developer is required to comply with the City's Art in Public Places Ordinance, defined in Section 16 of the Development Agreement as follows: The Developer shall comply with the City' s Art In Public Places ( the "AIPP") program requirements under Section 82- 536 through 82- 612 of the City Code (as applicable) and shall contribute to the City's Art in Public Places fund the total of 1. 5%of the "construction cost"as such term is defined in Section 82- 537 of the City Code) of the Park Project (the "Public Art Funds") no later than the date of execution of a construction contract for or that includes the construction of the Park Project, as required by the City Code. The full amount of the Public Art Funds shall be dedicated to Developer' s use for public art within the Park Site. In view of the Developer' s overall design responsibility for the Park Project, the Developer shall either. ( a) submit the proposed artworks to be funded with the Public Art Funds to the City' s Art In Public Places Committee for its review, recommendation and approval; or(b) seek the City Commission's approval of the proposed artworks and waiver of any applicable AIPP program requirements, which approval by the City Commission shall not to be unreasonably withheld, conditioned or delayed. On October 20, 2020, the Developer presented to the City's Art in Public Places Committee a proposed artwork, Mark Handforth's Snow White, 2016, to be funded with the Public Art Funds. In considering the work, the Art in Public Places Committee reviewed the following criteria, as fully presented in Exhibit A and B: 1. Photographs of proposed work Mark Handforth's Snow White (2016) is composed of painted aluminum and is 112 x 120 x 50 inches. 2. Artist Resume Mark Handforth (b. 1969, Hong Kong) was raised in London and has been based in Miami since 1992. His work has appeared in exhibitions worldwide, including solo presentations and outdoor public sculptures at the Museo d'Arte Contemporanea, Villa Croce, Genova, Italy (2016); Museum of Contemporary Art Chicago (2011); Dallas Museum of Art (2007); Kunsthaus Zu-rich (2005); and the Hammer Museum, Los Angeles (2002). Page 247 of 1430 Handforth's work is held in the collections of the Whitney Museum of American Art, Museum of Contemporary Art Los Angeles, Dallas Museum of Art, Pinault Collection, The Bass Museum of Art, Carnegie Museum, Rubel! Family Collection and Jumex Foundation, among others. 3. Project Description The all white star titled Snow White is part of a series of seven sculptural stars by Miami artist Mark Handforth. A red star, Texas Tom, is on exhibit at the Rachofsky House, a private home and contemporary art collection in Dallas; a deep violet star graces the rustic grounds of the Domaine du Muy sculpture park in southeastern France; a saffron star adds a brilliant splash of color to the Governors Island park in New York Harbor. Handforth is debating whether to complete his star series by creating an eighth and final star in silver. According to Handforth, it was a challenge to convert the abstract rays of light that make up stars into a concrete sculptural form that also conveys movement. He succeeded by twisting the point of at least one of the five prongs, conveying the sense of a star streaking through the sky. 4. Proposed Location Within the Development Site public park, as further referenced in Exhibit B. 5. Project Budget/Compliance with Art in Public Places Contribution The City held in escrow $95,812.00, which was the required contribution of the Developer to the Art in Public Places Program. As provided by the Developer, the actual cost of acquiring and installing the work is $177,250.00. The additional cost of $81,438.00 is being contributed by the Developer. 6. Engineering Requirements Renderings were provided as part of the submission package, Exhibit A, page 13. 7. Maintenance Plan As provided by the artist, the work will require periodic waxing to protect the paint and a periodic wash of clean water to remove construction dust and ocean salt. 8. Appraisal Report The Developer provided an appraisal report by Morrissey Fine Art for the retail replacement value of Mark Handforth's Snow White (2016). This appraisal report is used for insurance inventory purposes. The market for works by the artist remains successful both on the auction and retail levels. The replacement value of the work is $281,500.00 9. Condition Report The work is in pristine condition and is currently stored at Galerie Eva Presenhuber, Zahnradstrasse2l, CH-8005, Zurich. Following a presentation of the proposed work by artist Mark Handforth and upon reviewing the required submission materials, the Art in Public Places Committee made a unanimous motion to accept the work as part of the City of Miami Beach Art in Public Places Collection and further recognizes that the Developer has fulfilled its public art contribution, as required by the Art in Public Places Ordinance. Page 248 of 1430 FINANCIAL INFORMATION The City has held in escrow $95,812.00, which was the required contribution of the Developer to the Art in Public Places Program. As provided by the Developer, the actual cost of acquiring and installing the work is $177,250.00. The additional cost of $81,438.00 is being contributed by the Developer. CONCLUSION The administration recommends the City Commission approve the proposed artwork by artist Mark Handforth. Applicable Area South Beach Is this a "Residents Right Does this item utilize G.O. to Know" item, pursuant to Bond Funds? City Code Section 2-14? No No Strategic Connection Prosperity - Market and promote Miami Beach as a world class arts, culture, and quality entertainment destination. Legislative Tracking Tourism and Culture ATTACHMENTS: Description ❑ Exhibit A 500 Alton Road AiPP Requirements ❑ Exhibit B Mark Handforth Proposal Page 249 of 1430 701 West Ave Art in Public Places Committee Submission Snow White - Mark Handforth Fig g_or ; mommitpt-i,_ -::-_--4,---?*".4:4•'4. F 9/16/2020 Page 250 of 1430 .--.i s_ - - ,,4e.IYS .vc,,,avF—..__,.g - imr.3TC-_p-.. ,, ,,rs -, ,kw,. 701 West Ave Art in Public Places Committee Submission Table of Contents 1. Photographs 2. Resume 3. Description 4. Proposed Location 5. Budget 6. Engineering Requirements 7. Maintenance Plan 8. Appraisal Report 9. Condition Report 9/16/2020 Page 251 of 1430 ,. :,�_ � ,,max 701 West Ave Art in Public Places Committee Submission 1. Photographs f r A I _ , - -\ ---- -_,,__, . -_ -__„,,,,,,.,-- --,-, 2 „ ,__,_-_.-7-4..,i."--= -_. J-_---;--ir:----.'-'444* --- ._ P - - +s 1' 414.- _ y. 'JA'.r—_ » E, y » r` .err ,ff7" ,i= .X' - - ;;.rte. - _. _ g 4r ,._.. • .. .________________ _ ,,,...,.. ,.........• __,., . • _ ••. .. .. , _ _ ___ vo: __.. . • ... „... ,.... _ __ __ ..._..,:...___, „ 1f- a.`� __ ,f - x31.--. 9/16/2020 Page 252 of 1430 701 West Ave Art in Public Places Committee Submission 2. Mark Handforth Resume Mark Handforth(b. 1969,Hong Kong)was raised in London and has been based in Miami since 1992.His work has appeared in exhibitions worldwide,including solo presentations and outdoor public sculptures at the Museo d'Arte Contemporanea,Villa Croce,Genova, Italy(2016);Museum of Contemporary Art Chicago(2011);Dallas Museum of Art(2007); Kunsthaus Ziiiich(2005);and the Hammer Museum, Los Angeles(2002). In his sculptural installations, Handforth often transplants familiar objects found in civic infrastructure—such as municipal signs, motor scooters,hydrants,street lamps,wheels,and traffic cones—into unfamiliar surroundings and transforms them,by reworking or deforming their structures and configurations,in order to reveal something new about the ways in which these objects function in our everyday lives. He revels in the skewed perspectives and unintended consequences that result from cultural exchange and displacement. Known for his humorous sculptural appropriations of public objects, Mark Handforth has used a breadth of subjects,including fire hydrants,stop signs,and even celestial forms such as stars. His highly popular neon installation at PAMM,Western Sun,is part of a group of works consisting of fluorescent light fixtures installed directly into the gallery wall in pictorial arrangements--in this case,a partially setting sun disappearing into the floor.The work immerses everything around it, including the viewers body,in a dramatic,red-orange glow. Evoking the notion of human-made sunlight,it relates to visions of a world in which all things natural have been replaced by manufactured products. It is among the most Instagrammed works in the PAMM collection. Locally,he has also shown at MOCA in North Miami under the direction of Bonnie Clearwater. MARK HANDFORTH Born 1969, Hong Kong; Lives in Miami. EDUCATION The Slade School of Fine Art, University College London Staatliche Hochschule fur Bildende Kunste,Stadelschule, Frankfurt 9/16/2020 Page 253 of 1430 701 West Ave Art in Public Places Committee Submission 2. Mark Handforth Resume SELECTED SOLO EXHIBITIONS 2021 (upcoming) Museum of Contemporary Art Detroit 2019 'Trash can Candles', Modern Art, London 2018 The Modern Institute, Glasgow 'Zig-Zag and Flag' Kayne Griffin Corcoran, Los Angeles 2017 'After Nature', Franco Noero,Turin "Analog Spring",Gavin Brown's enterprise, Rome 2016 `Smoke', Museo d'Arte Contemporanea Villa Croce, Genova 'Snow White and Pink Panther', Galerie Eva Presenhuber,Zurich 2015 The Excentric Circle', The Modern Institute,Glasgow `Horseshoes',Cluny Abbey, Cluny 2014 'Drop Shadow', Studio des Acacias, Paris Gavin Brown's enterprise, New York 2013 `Blackbird', Eva Presenhuber,Zurich (Offsite: Maag Areal, Maagplatz,8005 Zurich) 'Rough Dark Diamond', Kayne Griffin Corcoran, Los Angeles 'Sidewalk Island', Governor's Island, New York`Black Star' 2012 'Capricorno', Franco Noero,Turin 2011 `Rolling Stop', MOCA, Miami (curated by Bonnie Clearwater) 'MCA Chicago Plaza Project: Mark Handforth', MCA, Chicago Hessel Museum of Art, New York(Offsite) 2010 The Modern Institute, Glasgow 2009 Kunstnernes Hus,Oslo (with Urs Fischer and Georg Herold) 2008 Galerie Almine Rech, Paris Galerie Eva Presenhuber,Zurich Gavin Brown's enterprise,New York 2007 `Concentrations 51: Mark Handforth',Dallas Museum of Art, Dallas 'Platz', Galerie Eva Presenhuber,Zurich (outdoor sculpture project) 2006 Galerie Eva Presenhuber,Zurich 'No', The Modern Institute,Glasgow 9/16/2020 Page 254 of 1430 701 West Ave Art in Public Places Committee Submission 2. Mark Handforth Resume SELECTED SOLO EXHIBITIONS 2005 Fondation Vasarely, Aix Gavin Brown's enterprise, New York Stroom Den Haag,The Hague Kunsthaus Zurich,Zurich 2004 The Modern Institute, Glasgow 2003 'Lamppost', a Public Art Fund commission, New York Le Consortium, Dijon 2002 Galleria Franco Noero,Turin Kunsthaus Zurich,Zurich UCLA Hammer Museum, Los Angeles 2000 'free bird', Gavin Brown's enterprise, New York 1998 Gavin Brown's enterprise, New York SELECTED GROUP EXHIBITIONS 2015 'Ugo Rondinone: I r John Giorno', Palais de Tokyo,Paris'La Joie de Vivre', Palais des Beaux-Arts, Lille, France 'Love Story-Works from Erling Kagge's Collection', Astrup Fearnley Museet, Oslo 2014 'Art Basel Parcours', Art Basel, Basel 'Man in the Mirror', The Vanhaerents Art Collection, Brussels, until 30/10/2017 2013 'Room to Live: Recent Acquisitions and Works from the Collection', Moca, Los Angeles 'L'Art a I'endroit: Un parcours d'art contemporain a Aix-en-Provence',Aix-en-Provence, France 2011 'Sculpture Now', Eva Presenhuber,Zurich 'Sympathy for the Devil', Vanhaerents Art Collection, Brussels(Art Brussels Contemporary Art Fair) 2009 'TONITE',The Modern Institute/Toby Webster Ltd, Glasgow 'The Complexity of the Simple', L&M Arts, New York 'The Freak Show', Musee dela Monnaie, Paris, France 2008 "Mapping the Studio", Palazzo Grassi,Venice 2006 'The Uncertainty of Objects and Ideas: Recent Sculpture', Hirshhorn Museum and Sculpture Garden, Washington DC 'FIVE BILLION YEARS', Palais de Tokyo, Paris `Space Boomerang',Swiss Institute, New York 9/16/2020 Page 255 of 1430 ®.�...�...• ___. �w.._.-._,..-.-��._. .�.�-.-�... vr-. irrraar--- r., .-: ,a- 1"ce�- eerr•-r-ter :. �= .3scw - :�£=-t, •..::ii+ �" �7Nr- k-•rf.:r 701 West Ave Art in Public Places Committee Submission 2. Mark Handforth Resume SELECTED GROUP EXHIBITIONS 2005 'Lotissement de Cimaises', Villa Arson, Nice 'Light Art from Artificial Light',ZKM Museum for Contemporary Art, Karlsruhe 2004 'Never Never Landscape',Atle Gerhardsen,Berlin 'It's all an illusion', Migros Museum,Zurich Regen Projects, Los Angeles Terminal 5,JFK Airport Whitney Biennial,Whitney Museum of American Art'Genesis Sculpture', Domaine Pommery, Reims 'Keep Your Head to the Sky', Gavin Brown's enterprise,New York 2003 'Coollustre', Collection Lambert en Avignon,Avignon 'It Happened Tomorrow',Lyon Biennale, Lyon 2002 'My Head is on Fire but my Heart is Full of Love', Chadottenborg Museum, Copenhagen Roma Roma Roma, Rome SELECTED PUBLIC COLLECTIONS Whitney Museum of American Art Museum of Contemporary Art Los Angeles Dallas Museum of Art Carnegie Museum, Pittsburgh Le Consortium Dijon Perez Art Museum Miami Hammer Museum Los Angeles Bard College Speed Museum Louisville, KY Rachovsky Collection Pinault Collection RubelI Family Collection LUMA Foundation Jumex Foundation 9/16/2020 Page 256 of 1430 t�-��DaeGa��_rii ,tti.�..�.��<A�:s�fFa�g '-..:K� .;._ i3a2��1Si �"a�h�='saE'�caa;SkhT��r�"�'.:-..-.� �✓:'a: �r' _.:?�=-3fQ.7,E_x' �'_:Yc# '�IFS2`a' 701 West Ave Art in Public Places Committee Submission 3. Description The all white star titled Snow White is part of a series of seven sculptural stars by Miami artist Mark Handforth. A red star, Texas Tom, is on exhibit at the Rachofsky House, a private home and contemporary art collection in Dallas; a deep violet star graces the rustic grounds of the Domaine du Muy sculpture park in southeastern France; a saffron star adds a brilliant splash of color to the Governors Island park in New York Harbor. Handforth is debating whether to complete his star series by creating an eighth and final star in silver. According to Handforth, it was a challenge to convert the abstract rays of light that make up stars into a concrete sculptural form that also conveys movement. He succeeded by twisting the point of at least one of the five prongs, conveying the sense of a star streaking through the sky. Artist Mark Handforth (American, b. 1969) Title Snow White(White Star) Date 2016 Dimensions 112 x 120 x 50 inches Inscription None Type of Object Sculpture Medium Painted aluminum Condition Good Provenance Galerie Eva Presenhuber,Zurich Exhibition History Zurich, Galerie Eva Presenhuber,Snow White and Pink Panther,June 12—July 23,2016. 9/16/2020 Page 257 of 1430 701 West Ave Art in Public Places Committee Submission 4. Proposed Location • - 1 �_ _ . • • 415, l • • Approved Location �;0 9/16/2020 Page 258 of 1430 701 West Ave Art in Public Places Committee Submission 4. Proposed Location *EST AKRE 'ACA y = - .r .. 4) jOlt —� '3s__-..sem' , r - AITDN ROAD - - AtTON ACAD -'IRGL� .--wi __. ,... fttail,, 0•_4.'- : . -- ' , •••-•.':Iir'.1' ' . ' 7-1* ""-- ; '.g ; 111 maa ee: . • i II\ Approved Location $:T;_ n I $ •[ .� � . . - -.. _ w _ - ". , 1 'ms s _ — � 4 •4 • • 111 le, Ai!TON ROAD $--wretimmi 9/16/2020 Page 259 of 1430 701 West Ave Art in Public Places Committee Submission 5. Budget 701 West Ave-Snow White Budget Art & Shipping $ 150,000.00 Taxes & Customs $ 10,000.00 Receiving $ 3,750.00 Site Work & Foundation $ 10,000.00 Installation $ 3,500.00 Total $ 177,250.00 Contribution per Development Agreement $ 95,812.00 Additional Developer Contribution $ 81,438.00 9/16/2020 Page 260 of 1430 701 West Ave Art in Public Places Committee Submission 6. Engineering Requirements 9/16/2020 Page 261 of 1430 �.a r_ ��.x.a:#r.Hm;�e[ faZ, ,.:w2YF as=s._ ., a=� t -'ate'-e, XWACC.ltlitUktira)-45W.VOYWaltWiti - _ A 1 1 i BASE PLATE h' 304 S I ,. SS TO MATCH EXISITNG BASE OF ARTWORK ' HOLE IN BASE PLATE TO _. � !�, MATCH )¢" MIN SS STUD I BOLT WELDED TO BASE I t. OF ARTWORK FIELD O Y f" CC SS PIPE 3" SCHEDULE CONNECT WITH SS C' WASHER AND NUT 0 0 80 w/ 3.5" OD & 0.3 d ' WALL "" CONFIRM h PIPE OD TO ARTWORK I ID PRIOR TO ORDERING r < (J) O \ BASE PLATE 1/2" SS PLATE 304 MIN TO AISC MATCH EXISTING BASE OF ARTWORK SEE Q� DRAWING A/1OF1 FOR DETAIL PLACE MIN. I Oil. ISOLATION MEMBRABE BETWEEN ART AND M PLATE TO PREVENT GALVANIC REACTION Nr I I (4) ANGLE LEGS I w L3x3x�(I 304 STAINLESS Q N ORIENTED 45' FROM BASE PLATE ? I CD ARTWORK PLANE f I 1C+f1 SCALE: I' EN II BASE PLATES L3)(306" 304 STAINLESS a) SEE B/10F1 FOR ORIENTATION COC" /1111 1 , ANCHOR BOLT HILTI KWIK BOLT TZ 304 W3" (4') HOLE FOR )6' ANCHOR GRADE AISC . - ll CAST IN PLACE RC mm. �� . FOUNDATION 2500 PSI MIN 4 A. EW5'x1' w/ 5 BAR ® 12" OC ARTWORK • • \—t ._____\ 3'-0" 4 AISC ` // II• II i -s---i • • at-� MIN. H I I, 5'-0' if O O a SUBBASE TO CONSIST OF 12" CRUSHER RUN 1" MAX COMPACTED TO 95X PROCTOR DENSITY ARTWORK SUPPORT B BASE PLAN SCALE 1'•1' 1 Of, SCALE: I'•8' DRAWING i 'THIS DRAWING REPRESENTS TYPICAL INSTALLATION 1 PRAWN eY: • REQUIREMENTS.LOCAL SOIL CONDITIONS AND PERMIT oesp�o sv: I REQUIREMENTS SHOULD BE DETERMINED. rsaroveo ars ISSUED I,. h a 701 West Ave Art in Public Places Committee Submission 7. Maintenance Plan 9/16/2020 Page 263 of 1430 .ts nc'. 70V a r r Sag - stn yr gra GALERIE EVA PRESENHUBER MARK HANDFORTH Snow White 2016 Aluminium, painted 284.5 x 305 x 127 cm/ 112x 120 x 50 inches • • Maintenance The work needs very little maintenance, it's a bit like a car; it can be waxed by hand with a car or boat wax every now and then to protect the paint. It's also a good idea to hose it down periodically with clean water to wash off any construction dust and ocean salt that gather. MAAG AREAL ZAHNRADSTR.21,CH-8005 ZURICH Page 264 of 143111:+41 (0143 444 70 50/FAX:+41 (0)43 444 70 60 WWW.PRESENHUBER.COM 701 West Ave Art in Public Places Committee Submission 8. 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',..V,Yees.',',',..,- .6••. e;(are,•.*<:i.(e,kle(OeZ;v4a*Wi7z&?:Z!Ne',Va&Z<;•2,, .•4,,,,,,?k4,•`,:`, —1 [ - 1 Siobhan Morrissey Morrissey Fine Art 77 Harbor Drive,#9,Key Biscayne,FL 33149 305/361-2629 siobhan.morrissey@gmail.com REPORT COPY Retail Replacement Value Appraisal Report for Insurance Inventory Purposes Title Page Prepared for: TCH 500 Alton,LLC 3310 Mary Street,#302 Coconut Grove,FL 33133 Effective Valuation Date: 8/27/2020 Date of Inspection: Not Inspected (The sculpture is located in Zurich at Galerie Eva Presenhuber.) Prepared by: Siobhan Morrissey Morrissey Fine Art Key Biscayne,FL 33149 Issue Date of Report:8/29/2020 © Siobhan Morrissey,2020 REPORT COPY TCH 500 Alton,LLC Retail Replacement Value for Insurance Inventory Purposes Appraisal Report—APPRAISAL VOID IF PAGES SEPARATED Effective Valuation Date:8/27/2020 page 1 of 28 Page 267 of 1430 Siobhan Morrissey Morrissey Fine Art 77 Harbor Drive,#9,Key Biscayne,FL 33149 305/361-2629 siobhan.morrissey@gmail.com Table of Contents Description Page Number Title Page 1 Table of Contents 2 Appraiser's Certification 3 Appraiser's Qualifications 5 Scope of Work 14 Total Retail Replacement Value 17 Description of the Property 18 Statements,Indemnification,and Disclaimers 23 Sources of Data and Bibliography 25 Glossary 26 REPORT COPY TCH 500 Alton,LLC Retail Replacement Value for Insurance Inventory Purposes Appraisal Report—APPRAISAL VOID IF PAGES SEPARATED Effective Valuation Date:8/27/2020 page 2 of 28 Page 268 of 1430 Siobhan Morrissey Morrissey Fine Art 77 Harbor Drive,#9,Key Biscayne,FL 33149 305/361-2629 siobhan.morrissey@gmail.com Appraiser's Certification The appraiser signed below, Siobhan Morrissey, holds herself out to the public as a professional appraiser of Contemporary Fine Art as included in this appraisal document. The appraiser has previously appraised similar works for this client and others. The objective of this report is to provide an unbiased retail replacement value for insurance purposes. I have no bias with respect to the parties involved with this assignment. I certify that,to the best of my knowledge and belief,the statements of fact contained in this report are true and correct;the reported analyses,opinions,and conclusions are limited only by the reported Assumptions, Limiting Conditions, Extraordinary Assumptions and Hypothetical Conditions. The values expressed herein are based on my professional judgment and opinion and are not representations or warranties that the artwork will realize such values if offered for sale in an appropriate market. This Appraisal Report is prepared in conformity with the 2020-2021 Uniform Standards of Professional Appraisal Practice, written by the Appraisal Standards Board of the Appraisal Foundation in Washington, D.C. The Appraisal Foundation is a Congressionally sanctioned,not-for-profit organization,established in 1987 and dedicated to the advancement of professional valuation for appraisers and users of appraisal services to ensure public trust in the work performed by appraisers. To my knowledge and recollection,I have performed no services,as an appraiser or in any other capacity, regarding the appraisal subject in this report within the three-year period immediately preceding the acceptance of this assignment. I have no past,present,or contemplated future financial or other interest in the appraised property. In the interest of full disclosure,the appraiser, in her capacity as a professional arts writer, has interviewed and written about the artist, Mark Handforth, for INDULGE and CULTURED magazines. Neither interview pertained to the sculpture being appraised in this report. Total pages of report: 28 Total number of articles appraised: 1 Total number of images: 6 Examination date:Not Inspected. The work remains at Galerie Eva Presenhuber in Zurich. Research dates: 8/27—29/2020 Effective valuation date: 8/27/2020 Issue date of report: 8/29/2020 Although I did not examine the artwork, it is presumed to be in good condition, in the care and protection of the gallery that represents the artist,Galerie Eva Presenhuber in Zurich. I declare the retail replacement value of the sculpture as of the effective valuation date. Valuation is based on research and analysis of comparative market data. The following source provided significant assistance in preparation of this report, up to and including values: artist Mark Handforth. REPORT COPY TCH 500 Alton,LLC Retail Replacement Value for Insurance Inventory Purposes Appraisal Report—APPRAISAL VOID IF PAGES SEPARATED Effective Valuation Date:8/27/2020 page 3 of 28 Page 269 of 1430 Siobhan Morrissey Morrissey Fine Art 77 Harbor Drive,#9,Key Biscayne,FL 33149 305/361-2629 siobhan.morrissey@gmail.com Information furnished by consulting sources is assumed to be reliable,but is not guaranteed by this appraiser or her firm. The client provided the appraiser with verbal information regarding provenance of the articles listed herein.The appraiser is not responsible for the accuracy of this information. The fee for this assignment is based on a project rate,plus expenses.No person,group,or organization was given a fee in connection with the procurement of this appraisal assignment. Neither compensation nor my engagement is contingent upon the reporting of a predetermined value or direction in value that favors the cause of the client, the amount of the value estimate,the attainment of a stipulated result,or the occurrence of a subsequent event. Although these certification pages include salient information regarding the methodology of the report, additional information regarding the scope of work, assignment conditions, and disclaimers are important to understand the entire appraisal process. As such, the entire report is required to fully understand the assignment and these Certification Pages encompass the entire report and are not valid without reading and understanding the entire report. SIGNED IN THE ORIGINAL August 29,2020 Siobhan Morrissey,Esq.,AAA Report Date USPAP(Compliant through January 2022) MFA/Morrissey Fine Art REPORT COPY TCH 500 Alton,LLC Retail Replacement Value for insurance Inventory Purposes Appraisal Report—APPRAISAL VOID IF PAGES SEPARATED Effective Valuation Date:8/27/2020 page 4 of 28 Page 270 of 1430 Siobhan Morrissey Morrissey Fine Art 77 Harbor Drive,#9,Key Biscayne,FL 33149 3051361-2629 siobhan.morrissey@gmail.com Appraiser's Qualifications CREDENTIALS ABOUT MFA MORRISSEY FINE ART Siobhan Morrissey founded Morrissey Fine Art in 2012. The Key Biscayne firm specializes in contemporary fine art appraisals. Morrissey's valuation experience dates back to the 1990s, when she worked as an Assistant State Attorney in Miami and conducted numerous restitution hearings to help crime victims recoup the value of their damaged or stolen property. Morrissey Fine Art was formerly known as Austin Morrissey Fine Art, which was founded in 2009 by Morrissey and art advisor Lisa Austin. Today, Morrissey presides over her own company and provides appraisals to high-end clients that include Fortune 500 companies, international banking concerns, insurance companies,museums,and auction houses,as well as private collectors. Throughout the past three decades,Morrissey has developed personal relationships with museum curators, gallerists and artists. In addition to her appraisal work she conducts in-person interviews with established and emerging artists, including, but not limited to — Daniel Arsham, Hernan Bas, José Bedia, Maurizio Cattelan, Edouard Duval-Carrid,Jacob Felliinder, Lynne Golob Gelfinan, Beatriz Gonzalez, Theo Jansen, Fernando Mastrangelo,Glexis Novoa,Claes Oldenburg, Pat Oliphant,Larry Poons and Antonia Wright-- for national publications such as The Miami Herald and The Washington Post,as well as CULTURED, INDULGE,PEOPLE and Poder/Hispanic magazines. Morrissey maintains constant contact with dealers, auction houses and collectors worldwide, and keeps current with the art market by regularly attending Art Basel in Miami Beach and Switzerland,the Venice Biennale in Italy,dOCUMENTA in Germany,and other contemporary art fairs. Appraisal Experience My extensive appraisal experience with corporate and private collections includes valuations of paintings, prints,photographs and sculptures. My work centers on American,Latin American,and European artwork, with a concentration on contemporary art,from the New York School and post-war era to the current day. I prepare USPAP-compliant reports for: charitable donations, insurance, damage and loss claims, estate distribution and tax requirements.(2009 to Present). REPORT COPY TCH 500 Alton,LLC Retail Replacement Value for Insurance Inventory Purposes Appraisal Report—APPRAISAL VOID IF PAGES SEPARATED Effective Valuation Date:8/27/2020 page 5 of 28 Page 271 of 1430 Siobhan Morrissey Morrissey Fine Art 77 Harbor Drive,#9,Key Biscayne,FL 33149 305/361-2629 siobhan.morrissey@gmail.com Related Experience Museum of Contemporary Art North Miami lecture moderator: The Business of Art and Culture, North Miami Mayor Smith Joseph's Third Quarter Business Luncheon. (2015) Museum of Contemporary Art North Miami lecture moderator: Dispatches from Havana, a conversation about the future of US-Cuba cultural exchanges.(2015). As a member of the Florida Bar Association and the Dade County Bar Association's Probate and Guardianship Committee: Guest lecturer before the Dade County Bar Association in Miami. Topic:How to Avoid Trouble with the Taxman— What Every Attorney Needs to Know About Fine Art Appraisals. (2010). As an Assistant State Attorney in Miami, FL: Participated in numerous restitution hearings before the Eleventh Judicial Circuit Court to establish the replacement value of stolen or damaged personal property items to help crime victims recoup their loss.(1997-2000). Appraisal Education Successfully completed a 7-hour USPAP course,(2020). Currently effective through January 2022. Successfully completed a 7-hour USPAP course,(2018). Successfully completed a 7-hour USPAP course,(2016). Successfully completed the Appraiser Association of America certification exam(2015). Elements of a Correctly Prepared Appraisal Report,the Appraisers Association of America(2014). Successfully completed a 15-hour course and examination on the Uniform Standards of Professional Appraisal Practice (USPAP), the Congressionally-recognized set of appraisal standards promulgated by The Appraisal Foundation. Completed the full course with examination on January 2014. Successful completion of the ASA certification exam(2011) Pratt Institute,New York,NY(2010) The Legal and Regulatory Environment ASA PP/GJ 204 Valuation Report Writing,ASA PP/GJ 203 Valuation Methodology: Research and Analysis,ASA PP/GJ202,(2009). Introduction to Personal Property Valuation, ASA PP/GJ 201,(2009). USPAP, American Society of Appraisers SE 100 home-study course(2009). American Society of Appraisers Online Ethics Exam(2009). REPORT COPY TCH 500 Alton,LLC Retail Replacement Value for Insurance Inventory Purposes Appraisal Report-APPRAISAL VOID IF PAGES SEPARATED Effective Valuation Date:8/27/2020 page 6 of 28 Page 272 of 1430 Siobhan Morrissey Morrissey Fine Art 77 Harbor Drive,#9,Key Biscayne,FL 33149 3051361-2629 siobhan.morrissey@gmail.com University/Gallery Education Heckerling Institute on Estate Planning,University of Miami,Orlando, FL(2010). University of Miami School of Law,JD,cum laude,Coral Gables, FL(1991-95). Legal Memberships: • The Order of Barristers. • Spellman-Hoeveler American Inn of Court. • National Service Organization,Society of Bar&Gavel. • National Leadership Honor Society,Omicron Delta Kappa. • Moot Court Board. • President,International Moot Court Board. • Champion,Southeastern Region,American Bar Association Negotiation Competition. • Finalist, Southeastern Region,Jessup International Moot Court Competition. Corcoran Gallery of Art,Washington,D.C.fine art sculpting program.(1988). Georgetown University School of Foreign Service, BSFS(1982). Diplome,L'universite de Bourgogne at Dijon, France,French language and literature. (1982). Professional Affiliations Certified Member,AAA, Appraisers Association of America,2015-Present. Association of Professional Art Advisors,affiliate member,2012-Present. Past Chair,Personal Property Section of the American Society of Appraisers Greater Miami Chapter, 2011-2012. Member of the Key Biscayne Bar Association,2014-Present. Member of the Dade County Bar Association,Probate and Guardianship Section,2009-Present. Member of the Florida Bar, 1996-Present. Member of the Spellman-Hoeveler American Inn of Court, 1994-Present. REPORT COPY TCH 500 Alton,LLC Retail Replacement Value for Insurance Inventory Purposes Appraisal Report—APPRAISAL VOID IF PAGES SEPARATED Effective Valuation Date:8/27/2020 page 7 of 28 Page 273 of 1430 Siobhan Morrissey Morrissey Fine Art 77 Harbor Drive,#9,Key Biscayne,FL 33149 305/361-2629 siobhan.morrissey@gmail.com Professional Publications • "Back to SchooUThe Sarasota Art Museum's vast new contemporary art complex which takes up residence on the grounds of a former high school, kicks off an ambitious exhibition calendar," CULTURED magazine, Dec/Jan/Feb 2020. • "Someone ate the $120,000 banana at Art Basel. Some quick thinking saved the day," The Miami Herald,December 7,2019. • "Sheep at the beach, an inverted statue dripping chocolate: A guide to must-see art," The Miami Herald,December 6,2019. • "Come to Art Basel for$120K bananas taped to the wall. Stay for art rooted in Miami," The Miami Herald,"December 5,2019. • "What's this banana art masterpiece worth? If you have to ask...." The Miami Herald, December 4,2019. • "Water Woes and Wonders at Design Miami," The Miami Herald,December 4,2019. • "'All the galleries save their best for Miami.' Miami Art Week is bigger than ever," The Miami Herald, December 3, 2019. • "Miami Artist Hernan Bas Opens Solo Show in New York," The Miami Herald,October 13,2019. • "A Colombian Legend/PAMM exhibit shows off the range, skill of Colombian artist Beatriz Gonzalez,"The Miami Herald,June 30, 2019. • "Jessica Goldman Srebnick Carries The Creative Torch Ignited By Her Father," INDULGE magazine,December 2018. • "David Castillo Gallery makes it to Art Basel's main stage,"The Miami Herald,December 7,2018. • "Where did the mad rush go? Art Basel Miami Beach opens serenely in newly revamped venue," The Miami Herald,December 5,2018. • "Art Week: Mural debuts at Miami Beach Convention Center," The Miami Herald, December 5, 2018. • "Miami Art Week is here. The art is serious, frivolous and infuriating," The Miami Herald, December 4,2018. REPORT COPY TCH 500 Alton,LLC Retail Replacement Value for Insurance Inventory Purposes Appraisal Report—APPRAISAL VOID IF PAGES SEPARATED Effective Valuation Date:8/27/2020 page 8 of 28 Page 274 of 1430 Siobhan Morrissey Morrissey Fine Art 77 Harbor Drive,#9, Key Biscayne,FL 33149 305/361-2629 siobhan.morrissey@gmaii.com • "Miami artist Mira Lehr's`TRACING THE RED THREAD'show at MOCA is a beautiful cry for help," The Miami Herald,October 7,2018. • "Tricking the Grid/A retrospective of work by Miami artist Lynne Golob Gelfman reveals a lifetime of playing by the rules—and breaking them," The Miami Herald, September 23,2018. • "Rarely Shown/14 rarely shown paintings by Donald Judd are on view through June 24 at the Institute of Contemporary Art, Miami. They showcase the artist's penchant for lack of clutter— even though he hated the term `minimalist."' The Miami Herald,June 10,2018. • "#Me Too is as old as the Bible. This show proves it." The Miami Herald,May 13,2018. • "Still ART-CRAZED after all these years:Fred Snitzer,the gallerist affectionately known as 'Our Man in Miami' by the Art Basel crowd, celebrates 40 years, in the South Florida art scene," The Miami Herald, February 4,2018. • "A Sense of Place:Island Planning Corp.,transforms buildings and their neighborhoods,including the Miami Design District,with nature's precious resource: trees," One Life Magazine,January 3, 2018. • "Art Basel 2017: Studio Swine Creates a Respite of Bubbles," The Miami Herald, December 6, 2017. • "If you make one side trip from the big Art Basel fair,this is one to see(Jacob Fellander at MOCA North Miami)," The Miami Herald,December 5,2017. • "This artwork will make you feel out of control. That's the idea. (Antonia Wright at Spinello Projects)," The Miami Herald,December 4,2017. • "Maria tore up this Puerto Rican artist's life. He'll still show in Miami this week," The Miami Herald,December 4,2017. • "Motor City, Architect Terence Riley brings a touch of Dada to the Design District with the Museum Garage." CULTURED magazine, Winter 2017. • "The Rainmaker, Since joining the Knight Foundation more than a decade ago, Alberto Ibarguen has provided more than $200 million in funding to the arts, from mobile art galleries to indie film festivals."CULTURED magazine, Winter 2017. • "Cultural Icon, An intimate conversation with Jorge Perez, Miami's reigning king of art." INDULGE magazine,December 2017. • "Icons of the Pop Art age," The Miami Herald,November 5,2017 REPORT COPY TCH 500 Alton,LLC Retail Replacement Value for Insurance Inventory Purposes Appraisal Report—APPRAISAL VOID IF PAGES SEPARATED Effective Valuation Date:8/27/2020 page 9 of 28 Page 275 of 1430 Siobhan Morrissey Morrissey Fine Art 77 Harbor Drive,#9,Key Biscayne,FL 33149 3051361-2629 siobhan.morrissey@gmail.com • "Edouard Duval-Carrie's dreamy duality reveals a dark and somber tale," The Miami Herald, October 13,2017. • "Season of the Arts: Knight's Challenge," The Miami Herald, September 22,2017. • "Perez—man and museum— look toward Cuba. Here's what they see, Across the Horizon," The Miami Herald,June 25,2017. • "A Season of Women,Hayek,Taylor,pulp fiction:This sultry summer features women in art,"The Miami Herald,June 11,2017. • "Is it a maze? A mystery? Or is the new show at PAMM a subtle study in Yin & Yang?" The Miami Herald,April 23,2017. • "Art Basel Issue: Beyond the limelight, Seven local artists you may not know — but should" (profiles of father and daughter Randal and Geddes Levenson, Jordan Massengale, Lydia Rubio, Robert McKnight, Salvatore J. La Rosa, and Ralph Provisero), INDULGE magazine, December 2016. • "Art Basel Issue:BERNICE,Love for and loyalty to her artists have put this ebullient Miami dealer on a first-name basis with collectors and creators alike,"INDULGE magazine,December 2016. • "Don't miss these works during Art Basel week in Miami. They'll soon be gone," December 2, 2016. • "Art Basel: Pasta Wow at Fondation Beyeler," The Miami Herald,December 1, 2016 • "At Basel,no qualms over smaller crowds," The Miami Herald, December 1,2016. • "Giant tongues, vanishing steel and thinner crowds: Welcome to Miami Art Week 2016," The Miami Herald,November 30,2016. • "Lawrence Abu Hamdan Explores the Art of Spying," The Miami Herald,November 30,2016. • "Art Basel: A Garden of Delights at Design Miami/," The Miami Herald,November 30,2016. • "Double Vision: Solo show of works by John Miller now at ICA Miami," The Miami Herald,May 8,2016. • "Museum mounts first-ever full exhibit of the filmworks of Ana Mendieta," The Miami Herald, March 20,2016. REPORT COPY TCH 500 Alton,LLC Retail Replacement Value for Insurance Inventory Purposes Appraisal Report-APPRAISAL VOID IF PAGES SEPARATED Effective Valuation Date:8/27/2020 page 10 of 28 Page 276 of 1430 Siobhan Morrissey Morrissey Fine Art 77 Harbor Drive,#9, Key Biscayne,FL 33149 3051361-2629 siobhan.morrissey@gmaii.com • "Fashionable exhibit tells the tale of Italy's post-war renaissance," The Miami Herald, March 20, 2016. • "A Museum Turns 30," The Miami Herald,March 20,2016. • `Beyond The Horizon: University of Miami Dean of Architecture Rodolphe el-Khoury uses technology as a portal to the future,"CULTURED magazine,Feb/March 2016. • "Private View: The Art Design Project brings the work of Miami artists to Soho Beach House," CULTURED magazine,Feb/March 2016. • "A Daring Duo:Exhibit detailing artist's battle with author(Philip)Roth shares space with anime- enhanced tantric imagery at Locust Projects," The Miami Herald,February 21,2016. • "Inside Out: Fernando Wong treats landscapes like interiors, creating environments that beg to be lived in," CULTURED magazine,Winter 2015. • "Where the Girls Are: The Rubell Family Collection captures the moment with its first all-female show, 'No Man's Land',"CULTURED magazine,Winter 2015. • "Making Moves:Ellen Salpeter,the new director of the ICA,Miami,takes on the emerging cultural institution the only way she knows how—with motorcycle jacket in hand,"CULTURED magazine, W inter 2015. • "Art Basel Issue:Public and free,in 3D: Sculpture in Collins Park and Wallcasts at the New World Center Soundscape,"INDULGE magazine,December 2015. • "Art Basel Issue:New Directions: With new leadership at most of the region's art museums,a wave of creative change is sweeping South Florida",(Profiles of museum directors Franklin Sirmans,Jill Deupi, Silvia Karman Cubing, Timothy Rodgers, Jeremy Mikolajczak, Bonnie Clearwater, Ellen Salpeter,Babacar M'Bow,and Jordana Pomeroy),INDULGE magazine,December 2015. • "ERRO at Art Miami Big Fair," The Miami Herald,December 2, 2015. • "Miami Art Week: 'ELLIS'a film starring Robert De Niro at Galerie Perrotin Pop-Up,"The Miami Herald, December 1,2015. • "As Art Basel blooms, Miami museums shine," The Miami Herald,November 29,2015. • "Through photographs, `Indestructible Lee Miller' tells a remarkable woman's tale," The Miami Herald,October 30,2015. • "Loss of gallery a test for Worldcenter," The Miami Herald, September 26,2015. REPORT COPY TCH 500 Alton,LLC Retail Replacement Value for Insurance Inventory Purposes Appraisal Report—APPRAISAL VOID IF PAGES SEPARATED Effective Valuation Date:8/27/2020 page 11 of 28 Page 277 of 1430 Siobhan Morrissey Morrissey Fine Art 77 Harbor Drive,#9,Key Biscayne,FL 33149 3051361-2629 siobhan.morrissey@gmail.com • "The Beauty of Emptiness:Glexis Novoa Creates a zen-like exhibit at the Lowe Art Museum," The Miami Herald,August 16,2015. • "In Miami, Money Really Did Grow on Trees; Three `Money Trees' sculptures returned to their roots at Design Miami/," The Miami Herald,July 5,2015. • "At Havana Biennial,art reflects the political thaw," The Miami Herald,June 7,2015. • "The Future in 3D-Local uses for 3D printing-artists," The Miami Herald,June 1, 2015. • "Up Close,power collector Beth Rudin DeWoody opens up her expansive art and design collection to the Norton Museum of Art in West Palm Beach,"CULTURED magazine,February/March 2015. • "Sagamore exhibition sets art in motion," The Miami Herald,January 18,2015. • "The Hunt for a Sacred Spring, Artist Dara Friedman captures the mystical tale of one man's life mission to understand an ancient mystery,"CULTURED magazine, Winter 2014. • "Art Basel Issue: Studio Crawl",(Profiles of artists Agustina Woodgate,Frances Trombly,Leyden Rodriguez-Casanova,Antonia Wright,Emmett Moore,Onajide Shabaka,Christy Gast,José Bedia, Mark Handforth, Lynne Golob Gelfman, and Edouard Duval-Carri6), INDULGE magazine, December 2014. • "Art Basel Must-Sees," The Miami Herald,December 5,2014. • "Art Basel: Theo Jansen's`strandbeests'," The Miami Herald, December 4,2014. • "Happy art,happy people," The Miami Herald,December 4,2014. • "More art,more$$,more glitz," The Miami Herald,December 3,2014. • "Digging Deep, Artist Daniel Arsham does `archaeological dig' at Locust Projects," The Miami Herald,November 9,2014. • "BASEL: BIGGER THAN EVER," The Miami Herald,July 6, 2014. • "Bridging the ages,"(Modernism Exhibit at the Norton), The Miami Herald,April 27,2014. • "Miami street artists like it hot," The Miami Herald,April 13, 2014. • "Homage to Everglades' Past, Present," (Christy Gast exhibit at Locust Projects), The Miami Herald,March 30,2014. • "Experience without borders, CIFO's evocative `Permission to be Global' exhibit underscores the universal nature of Latin American history," The Miami Herald,January 24,2014. REPORT COPY TCH 500 Alton,LLC Retail Replacement Value for Insurance Inventory Purposes Appraisal Report—APPRAISAL VOID IF PAGES SEPARATED Effective Valuation Date:8/27/2020 page 12 of 28 Page 278 of 1430 Siobhan Morrissey Morrissey Fine Art 77 Harbor Drive,#9,Key Biscayne,FL 33149 305/361-2629 siobhan.morrissey@gmail.com • "Art Basel Issue:Habitat"(Profiles of art collectors Craig Robins,John Joseph Lin,Adrienne bon Haes,Marvin Ross Friedman,and Ella Fontanals Cisneros),INDULGE magazine,December 2013. • "Art Basel Issue: A Year of Art,"INDULGE magazine, December 2013. • "Art Basel Issue: Bring in the Experts,"INDULGE magazine,December 2013. • "Art Basel Issue: Art Public,"INDULGE magazine,December 2013. • "Visual Feast Art exhibits offer escape from the holiday madness," The Miami Herald, December 21, 2013. • "Art Basel Concept houses illuminate design,"(Charlotte Perriand house built by Louis Vuitton), The Miami Herald,December 7,2013. • "Art Basel Week A Wealth of Art—And of Wealthy Shoppers," The Miami Herald, December 5, 2013. • "A media mix at Miami Locust Projects,"(Nicholas Hlobo exhibit), The Miami Herald,November 24,2013. • "Art, motorcycles and the zen of nature," (Larry Poons exhibit at the Marjory Stoneman Douglas Biscayne Nature Center), The Miami Herald,November 17,2013. • "Fernando Mastrangelo shows at new Wynwood project space," The Miami Herald, October 13, 2013. • "EDSA:Grounded in Urban Design," The Miami Herald,July 8,2013. • "Churches' Stained Glass Inspires Awe, Shows Stories," The Miami Herald,March 29,2013. • "Artist's Bit of Luck and Light," (Randal Levenson Exhibit at Pyramid Studios), The Miami Herald,February 13,2013. • "Art Caper Confidential: How exactly did an allegedly stolen Matisse end up being hawked in Miami? It's a story of how FBI agents carefully and methodically reeled in two suspects," PODER/Hispanic Magazine,Oct/Nov 2012. • "The Art of Consensus Collecting,Don and Mera Rubell have spent 47 years together in a relentless quest to discover new artists,"PODER/Hispanic Magazine,Oct/Nov 2010. • "Art of the Sale", (Legal aspects of museum deaccession), ABA (American Bar Association) Journal, August 1,2008. REPORT COPY TCH 500 Alton,LLC Retail Replacement Value for Insurance Inventory Purposes Appraisal Report—APPRAISAL VOID IF PAGES SEPARATED Effective Valuation Date:8/27/2020 page 13 of 28 Page 279 of 1430 Siobhan Morrissey Morrissey Fine Art 77 Harbor Drive,#9,Key Biscayne,FL 33149 305/361-2629 siobhan.morrissey@gmail.com • "Making a Splash, Celeb clients hail Miami Beach painter Romero Britto as the king of pop art," PEOPLE magazine, December 16,2002. • "Few Art Buyers Complain of Fakes,Officials say an émigré who sold bogus art in Boca amassed millions before fleeing back to Europe," The Palm Beach Post,August 22, 1995. • "The Outlook Interview: Pat Oliphant Talks to Siobhan Morrissey, A Cartoonist Can't Worry About the Good of the Country," The Washington Post,July 14, 1985. • "Chagall's Thank-You," (Marc Chagall's Mural at the home of John and Evelyn Nef in Georgetown), The Washington Post,April 2, 1985 Scope of Work Problem to Solve: I was asked to prepare a retail replacement value appraisal for insurance purposes of a sculpture by Mark Handforth, which is considered for placement in Canopy Park, Miami Beach, Florida. The Appraisal Report is not valid for any other purpose or for any other person or entity other than those listed below. Category of Item Examined: Contemporary Fine Art(from Post War to Present). Client: TCH 500 Alton, LLC,located in the Coconut Grove neighborhood of Miami, Florida. Effective Valuation Date of Appraisal: Values expressed in this appraisal are effective as of 8/27/2020, the date the client engaged Morrissey Fine Art for this appraisal. Use of Appraisal: Insurance inventory. Users of Appraisal: This appraisal can be used and relied upon by the client,as well as its insurance agent and personal accountant. Any other user is considered an unintended user. Ownership Interest: The question of title was not an issue. As such,the appraiser did not perform an Art Loss Registry Inquiry. Authenticity: The appraiser is not an authenticator and as such did not establish the authenticity of the artwork. Additionally,when speaking with the appraiser,the artist identified the sculpture as his creation. Appraiser's Past Exposure to Appraised Object: The appraiser has performed no services, as an appraiser or in any other capacity,regarding the property that is the subject of this report within the three- year period immediately preceding acceptance of this assignment. In the interest of full disclosure, the appraiser, in her capacity as a professional arts writer, has interviewed and written about the artist, Mark Handforth,for INDULGE and CULTURED magazines. Neither interview pertained to the sculpture being appraised in this report. REPORT COPY TCH 500 Alton,LLC Retail Replacement Value for Insurance Inventory Purposes Appraisal Report—APPRAISAL VOID IF PAGES SEPARATED Effective Valuation Date:8/27/2020 page 14 of 28 Page 280 of 1430 Siobhan Morrissey Morrissey Fine Art 77 Harbor Drive,#9,Key Biscayne,FL 33149 305/361-2629 siobhan.morrissey@gmail.com Method of Examination: The appraiser did not examine the artwork, which is currently located in Switzerland, at Galerie Eva Presenhuber, which represents the artist. As such, the artwork is assumed to be in good condition. Additionally, the appraiser is relying upon measurements supplied by the client. Measurements are given to the nearest inch, height x width x depth. Photographs of the artwork were supplied by the artist. The color accuracy of the photographs cannot be guaranteed. General Condition of Items:No formal condition report was supplied by the client for the artwork. As such,the appraiser assigned the artwork a general condition comment—good,fair or poor with description qualifications when needed. Condition" refers to what is considered generally acceptable, with ordinary wear and tear for its type,unless otherwise noted.The following can be used as a general definition for the condition standards: Good is used when the work is unrestored with no apparent damage to the original condition or restored/conserved/stabilized with concern for preserving the integrity of the work. Fair is used when a work has been compromised through damage or restoration. It may be over- restored, lined, or retouched, but remains representative of the artist's work or manufacturer's intent. Poor is used when a work has either been severely compromised through substantial damage or poor restoration or is in unstable condition. Limiting Conditions: The following Limiting Conditions apply to this assignment. These conditions limited the examination,research and/or writing of the Appraisal Report. The sculpture remained in situ. In this case, the artwork remained at the artist's gallery in Zurich and was not inspected. This lack of examination may lead to possibly missing condition issues on the artwork.The appraiser has thus rendered her opinion to the best of her ability, given the context, information, and limitations of viewing and documentation. Additionally,none of the comparable works were examined in the original. The appraiser does not vouch for any information pertaining to these comparable works,including photographs,provided by the artist and Miami-based art advisor Lisa Austin. Extraordinary Assumptions:As defined by USPAP,Extraordinary Assumptions are assignment specific assumptions as of the effective date regarding uncertain information used in the analysis,that, if found to be false,could alter the appraiser's opinions or conclusions.The appraiser assumes there are no undisclosed conditions of the subject property that would have a material and/or adverse effect on the value conclusions. The appraiser is operating under the following extraordinary assumptions: • Any damage to the appraisal subject is de minimus; • Proper conservation,if needed,will successfully restore any damage;and • There will be no diminution of value to the appraisal subject,post conservation. If these extraordinary assumptions prove false, that could adversely affect the values concluded in this report. REPORT COPY TCH 500 Alton,LLC Retail Replacement Value for Insurance Inventory Purposes Appraisal Report—APPRAISAL VOID IF PAGES SEPARATED Effective Valuation Date:8/27/2020 page 15 of 28 Page 281 of 1430 Siobhan Morrissey Morrissey Fine Art 77 Harbor Drive,#9,Key Biscayne,FL 33149 305/361-2629 siobhan.monissey@gmail.com This Appraisal Report is based only on the readily apparent identity of the item appraised, and no further opinions or guarantee of authenticity,genuineness,attribution,or authorship is made. I found no reason to question the authenticity of the artwork. The artist verbally confirmed to the appraiser that he created the sculpture in question. Additionally, to my knowledge, no laboratory testing has been performed on the subject property. This Appraisal Report is not an indication or certificate of title ownership. The appraised value is based on whole ownership and possessory interest undiminished by any liens,fractional interests or any other form of encumbrance or alienation. Hypothetical Conditions: Defined by USPAP as a condition directly related to this assignment that is contrary to what is known by the appraiser to exist on the effective date of the assignment results, but is used for the purpose of analysis. The following Hypothetical Conditions exist in this assignment: The sculpture was purchased for installation at Canopy Park in Miami Beach, Florida. The developer, Terra, does not currently own the artwork. The replacement value could conceivably change if the artwork were purchased for installation in a different location, especially with regard to taxes and costs associated with insurance,crating,and shipping. Research Methodology: Research was conducted in the offices of Morrissey Fine Art. The offices are equipped with an extensive library of research books and auction catalogues. Additional research was conducted online using standard search engines as well as pricing databases to which Morrissey Fine Art subscribes,including artnet. Appropriate galleries and auction houses were contacted for information when necessary. Minimal outside library/museum research was conducted for this specific appraisal. Sources and websites are listed at the end of the report in the section titled Sources of Data and Bibliography. Definition of Sales Comparison Approach and Market Examined: The Sales Comparison Approach' analyzes recent sales and prices of comparable articles at retail establishments,galleries, and private sales, as well as international, national and regional auctions where objects such as the subject property are normally traded. Adjustments are then made for each article which consider age,condition, rarity, artistic merit,technical workmanship current trends and availability of an article as compared to such recent sales. Type of Value Used:Retail replacement value. Definition of Value:Appraised"retail replacement value"is defined as the highest amount in terms of US dollars that would be required to replace a property with another of similar age,quality,origin,appearance, provenance,and condition within a reasonable length of time in an appropriate and relevant market. When applicable,sales and/or import tax,commissions and/or premiums are included in this amount. Source for Definition of Retail Replacement Value:Appraising Art: The Definitive Guide to Appraising the Fine and Decorative Arts,2013,Appraisers Association of America,page 438. 'The Sales Comparison Approach is also known as Market Data or Comparable Data. REPORT COPY TCH 500 Alton,LLC Retail Replacement Value for Insurance Inventory Purposes Appraisal Report—APPRAISAL VOID IF PAGES SEPARATED Effective Valuation Date:8/27/2020 page 16 of 28 Page 282 of 1430 Siobhan Morrissey Morrissey Fine Art 77 Harbor Drive,#9,Key Biscayne,FL 33149 305/361-2629 siobhan.morrissey@gmail.com Approach to Value: I considered the following approaches to value: Sales Comparison,Income and Cost. Given the items and the purpose of the assignment, I selected the Sales Comparison Approach to arrive at the Retail Replacement Value. The Income Approach and the Cost Approach were considered and rejected as not applicable to this appraisal. The Income Approach was not considered appropriate because the subject property at present is not income-generating. The Cost Approach was not considered appropriate as there is no need to determine the value of the subject property based on the cost of manufacturing or recreating an identical object at this time. USPAP Compliancy:This Appraisal Report follows the guidelines of 2020-2021 USPAP in that the report provides all of the necessary information/analysis to satisfy the current report development requirements as defined by Standard 7 (Personal Property, Development) and the writing requirements of an Appraisal Report as defined in Standard 8(Personal Property,Reporting). Total Retail Replacement Value $281,500 Two Hundred Eighty-One Thousand, Five Hundred Dollars REPORT COPY TCH 500 Alton,LLC Retail Replacement Value for Insurance Inventory Purposes Appraisal Report—APPRAISAL VOID IF PAGES SEPARATED Effective Valuation Date:8/27/2020 page 17 of 28 Page 283 of 1430 Slobhan Morrissey Morrissey Fine Art 77 Harbor Drive,#9,Key Biscayne,FL 33149 3051361.2629 siobhan.morrissey@gmail.com Description of the Property as q - M Ole • rni Flialliiiii Image 1 of 6 Artist Mark Handforth(American,b. 1969) Title Snow White(White Star) Date 2016 Dimensions 112 x 120 x 50 inches Inscription None Type of Object Sculpture _ Medium Painted aluminum Condition Good Provenance Galerie Eva Presenhuber,Zurich Exhibition History Zurich,Galerie Eva Presenhuber,Snow White and Pink Panther,June 12—July 23,2016. , Replacement Value $281,500 REPORT COPY TCU 500 Alton,LLC Retail Replacement Value for Insurance Inventory Purposes Appraisal Report-APPRAISAL VOID IF PAGES SEPARATED Effective Valuation Date:8/27/2020 page 18 of 28 Page 284 of 1430 Siobhan Morrissey Morrissey Fine Art 77 Harbor Drive,#9,Key Biscayne,FL 33149 305/361-2629 siobhan.morrissoy@gmail.com Artist Biography and General Market Analysis History of the artist and his work The son of an Episcopalian priest, Mark Handforth was born in Hong Kong while his parents were doing missionary work and overseeing the operation of a boy's school there. The family later resettled in London, England, where Handforth grew up and later attended the Slade School of Fine Art. Handforth met his future wife, celebrated video artist Dara Friedman, while studying at Staatliche Hochschule filr Bildende Kunste, Stadelschule in Frankfurt am Main in Germany. He landed in Miami in 1992 and stayed because the weather was warm and the rents were reasonable. Since then, Handforth has exhibited his monumental sculptures worldwide, including solo shows at the Museo d'Arte Contemporanea di Villa Croce in Genoa Italy;the Museum of Contemporary Art in Chicago; the Dallas Museum of Art;Kunsthaus Zurich;and the Hammer Museum in Los Angeles. Handforth has also shown locally at MOCA in North Miami,under the direction of Bonnie Clearwater. His Western Sun was a hit at the Perez Art Museum Miami. The neon installation represented a setting sun that enveloped viewers in a warm red-orange glow as they sat contemplating the sunset that seemed to slip into the museum floor. Handforth played on the idea of manmade sunlight in a world where nature is rapidly being replaced by manufactured goods. Western Sun resonated with viewers so much so that it became one of the most Instagram-worthy works in the PAMM collection. Handforth is known for his minimalist approach and his focus on urban art. He takes recognizable objects, such as pay phones, street lights and motorbikes, and transforms them by making them larger than life, toppling them to eye level or festooning them with candles that drip multi-colored wax. His series of five- pronged stars follow in that tradition. According to the artist, it was a challenge to convert the abstract rays of light that make up stars into a concrete sculptural form that also conveys movement. He succeeded by twisting the point of at least one of the five prongs,conveying the sense of a star streaking through the sky. Each star is a single color, and seven works currently comprise the series. A red star, Texas Tom, is on exhibit at the Rachofsky House, a private home and contemporary art collection in Dallas; a deep violet star graces the rustic grounds of the Domaine du Muy sculpture park in southeastern France; a saffron star adds a brilliant splash of color to the Governors Island park in New York Harbor. Handforth is debating whether to complete his star series by creating an eighth and final star in silver. REPORT COPY TCH 500 Alton,LLC Retail Replacement Value for Insurance Inventory Purposes Appraisal Report—APPRAISAL VOID IF PAGES SEPARATED Effective Valuation Date:8/27/2020 page 19 of 28 Page 265 of 1430 Siobhan Morrissey Morrissey Fine Art 77 Harbor Drive,#9,Key Biscayne,FL 33149 305/361-2629 siobhan.morrissey@gmail.com , s-rt iij R: 1 ir1'i4 -,gin Li Ip- 1 • _- 11 : 11111 I . 1 t 3� Image 2 of 6 Texas Tom(2007),9 x 11 x 4 feet(108 x 132 x 48 inches),the Rachofsky House,Dallas. T • ti.• .. 4. . F . Image 3 of 6 Deep Violet(2014),88.2 x 130 x 55.2 inches, Domaine du Muy in the south of France. -.t - a. jr, t Image 4 of 6 Saffron Star(2013), 130 x 125 x 50 inches,CIRageikitt3 b#164813New York. RF'PORT COPY Siobhan Morrissey Morrissey Fine Art 77 Harbor Drive,#9,Key Biscayne,FL 33149 305/361-2629 siobhan.morrissey@gmail.com Market Research The market for works by the artist remains successful both on the auction and retail levels. To date,of his 38 sculptures have gone to auction. The highest price realized at auction was$205,000 for a red fire hydrant bedecked with melting candles. iP �k t Image 5 of 6 Red Hydrant(2004),cast iron and wax,29.5 x 16.5 x 15 inches. Sold by Sotheby's New York on May 15, 2008 [Lot 4511. Estimate: $50,000-$70,000. Price realized,with premium: $205,000. On the retail level, Handforth is represented by the eminent Galerie Eva Presenhuber, with locations in Zurich and New York. The Snow White sculpture currently resides at the Zurich gallery, which exhibited the star to coincide with the Art Basel 2016 in Switzerland(Snow White and Pink Panther,June 12—July 23, 2016). According to Handforth, each of his star sculptures are roughly the same size and sell for $250,000 to $300,000. Snow White is listed at$250,000,he said. Handforth agreed to provide a$100,000 discount for Snow White in an effort to support art in public places. An added incentive is that the star would be installed within an easy drive from his home in Miami. REPORT COPY TCH 500 Alton,LLC Retail Replacement Value for Insurance Inventory Purposes Appraisal Report—APPRAISAL VOID IF PAGES SEPARATED Effective Valuation Date:8/27/2020 page 21 of 28 Page 267 of 1430 Siobhan Morrissey Morrissey Fine Art 77 Harbor Drive,#9,Key Biscayne,FL 33149 305/361-2629 siobhan.morrissey@gmail.com Comparable Works The following sale occurred less than two years ago and illustrates the most current value for Handforth's star sculptures. Image 6of6 - Dog Star (2018), painted aluminum, 109 x 120 x 58 inches. Listed for $250,000 at Gavin Brown's Enterprise in New York. Price realized with a 20 percent discount and then sales tax: $217,250. Sale date: December 14,2018. Conclusion Because Snow White is being appraised at Retail Replacement Value,the retail value of$250,000 is used, not the discounted price. The value is supported by the sale of earlier works,that the artist states were listed at$250,000 to $300,000 and all sold in the $250,000 range. With Miami-Dade County's 7 percent sales tax,the value increases to$267,500. Because this is a retail replacement appraisal it is appropriate to include the costs associated with obtaining the artwork. In this case, the artwork is located in Zurich and is slated for installation in Miami Beach. According Andreas Grimm, the managing director of Galerie Eva Presenhuber, it would cost $14,000 to crate,ship and insure the sculpture during transit. Based on the foregoing analysis, I conclude the Mark Handforth sculpture titled Snow White has a Retail Replacement Value of: $281,500(Two Hundred Eighty-One Thousand,Five Hundred Dollars). REPORT COPY TCH 500 Alton,LLC Retail Replacement Value for Insurance Inventory Purposes Appraisal Report—APPRAISAL VOID IF PAGES SEPARATED Effective Valuation Date:8/27/2020 page 22 of 28 Page 288 of 1430 Siobhan Morrissey Morrissey Fine Art 77 Harbor Drive,#9,Key Biscayne, FL 33149 305/361-2629 siobhan.morrissey@gmail.com Statements, Indemnification, and Disclaimers This appraisal is given, subject to the terms and conditions hereinafter set forth, all of which are a part hereof unless expressly set aside in writing either on the pages of this certificate or by writing attached to the certificate signed by all parties concerned. This Appraisal Report consists of 28 pages and must be presented in its entirety to be valid.This appraisal is prepared solely for insurance inventory purposes,using the sales comparison approach to arrive at retail replacement value as of the stated effective date in this report. It is to be used solely by the intended users listed in this report,and solely by them or their designated agents for insurance purposes. Unless otherwise stated herein, this appraisal is based only on the readily apparent identity of the work appraised, and no further opinions or guarantee of authenticity, genuineness, attribution, or authorship is made. However, in appraising the subject property, I found no reason to question the authenticity of the articles,except as noted. Furthermore,the artist identified the work as his creation. To my knowledge, scientific and/or laboratory testing has not been performed on any item. When necessary,items were examined under a 10X magnifying lens. Unless otherwise stated herein, the appraised value is based on whole ownership and possessory interest undiminished by any liens,fractional interests or any other form of encumbrance or alienation. This Appraisal Report is made at the request of the parties named for their use. It is not an indication or certificate of title ownership. The identification of the interest of the requesting parties is simply represented to the appraiser by such parties and no inquiry or investigation has been made or is any opinion given as to the truth of such representation. The appraiser has no past interest, no present interest,nor any contemplated future financial interest in the appraised property. Nor does the appraiser have any personal interest or bias with respect to the parties involved. Further, the appraiser has no other interest which might tend to prevent making a fair and unbiased appraisal. This appraisal was researched and prepared by the appraiser named on the cover page of this report.Primary research was done by Siobhan Morrissey. The following sources provided significant assistance in preparation of this report,up to and including values:artist Mark Handforth. The values expressed herein are based on the appraiser's best judgment and opinion and are not a representation or warranty that the artwork will realize that value if offered for sale at an auction or otherwise. The values expressed are based on current information on the assigned effective valuation date stated on the cover page of this report.No opinion is hereby expressed as to any future value, nor unless otherwise stated, as to any past value. REPORT COPY TCH 500 Alton,LLC Retail Replacement Value for Insurance Inventory Purposes Appraisal Report-APPRAISAL VOID IF PAGES SEPARATED Effective Valuation Date:8/27/2020 page 23 of 28 Page 269 of 1430 Siobhan Morrissey Morrissey Fine Art 77 Harbor Drive,#9, Key Biscayne, FL 33149 3051361-2629 siobhan.morrissey@gmail.com The market level selected for this assignment is based on the property's current use and alternative uses as relevant to the type and definition of value and the intended use of the Appraisal Report. As such, I considered the most appropriate, common, and legal marketplace given the purpose of the appraisal assignment. Possession of this report, or copy thereof, does not include the right of publication without the written consent of the appraiser or her firm. This report in its entirety,or any part thereof, including the identity of the appraiser or her firm, shall not be made public through advertising, public relations, news releases, sales,or other distributive or information media without the prior written consent of the appraiser and her firm. Copies of this Appraisal Report and notes pertaining to the appraisal,written and electronic,will be kept in the offices of Morrissey Fine Art for a minimal period of five (5)years after the date of issue or two (2) years after final disposition of any judicial proceedings involving the appraiser, whichever period expires last. Morrissey Fine Art will make every effort to store the client's records in a safe and secure environment. However,the firm is not responsible for acts of war,terrorism,or other such unexpected catastrophes which may affect the safekeeping of this report. All matters treating the duties, responsibilities, and liabilities of the appraiser are in accord with the Valuation Standards and Professional Practices as outlined by the Appraisal Foundation in the 2020-2021 Uniform Standards of Professional Appraisal Practice and the Principles of Practice and the Code of Ethics of the Appraisers Association of America. The client shall indemnify, defend, and hold the appraiser harmless from and against all actions, claims, liabilities or expenses incurred as a result of claims based on or arising from the appraisal and the Appraisal Report,by third parties unrelated to the stated purpose of this appraisal and Appraisal Report. The appraiser is not required to give testimony, be present in any court of law, or appear before any commission or board by reason of this Appraisal Report, without reasonable prior notice and arrangements have been made with the appraiser. Should this report be challenged in anyway,not limited to litigation, it is understood that the appraiser is prepared to defend her Appraisal Report, if required. Courtroom testimony,mediation proceedings,and the necessary preparation are considered to be separate assignments and will be billed at the then current normal hourly rate plus expenses as required. Submission of this Appraisal Report concludes this appraisal assignment. Additional services related to this appraisal shall constitute a new assignment and shall be invoiced according to my current fee schedule at that time. REPORT COPY TCH 500 Alton,LLC Retail Replacement Value for Insurance Inventory Purposes Appraisal Report—APPRAISAL VOID IF PAGES SEPARATED Effective Valuation Date:8/27/2020 page 24 of 28 Page 290 of 1430 Siobhan Morrissey Morrissey Fine Art 77 Harbor Drive,#9,Key Biscayne,FL 33149 305/361-2629 siobhan.morrissey@gmaii.com Sources of Data and Bibliography PRINT Appraisal Standards Board, Uniform Standards of Professional Appraisal Practice 2018-2019. Washington, D.C.: The Appraisal Foundation, 2017. Morrissey, Siobhan. "Relics of the Street/Mark Handforth." INDULGE December 2014/January 2015: 146. Print. ELECTRONIC Art History Glossary,art history database: k‘ .arthi-torl'.i3h it.�om od.7loisary artnet,Gallery listings and auction database: ww .artnet.eont Artsy,arts market database: .in-tsti.net CONSULTATIONS Artist Mark Handforth Lisa Austin, Professional Art Advisor Founder and President Lisa Austin&Associates Miami,FL 33133 .c��:.laanda.net Gavin Brown's Enterprise 439 West 127th Street New York,NY 10027 wW'\.cavittbrtnv11.11i7 Galerie Eva Presenhuber Zahnradstrasse 21 CH-8005 Zurich www.presenhuher.com REPORT COPY TCH 500 Alton,LLC Retail Replacement Value for Insurance Inventory Purposes Appraisal Report—APPRAISAL VOID IF PAGES SEPARATED Effective Valuation Date:8/27/2020 page 25 of 28 Page 291 of 1430 Siobhan Morrissey Morrissey Fine Art 77 Harbor Drive,#9,Key Biscayne,FL 33149 3051361-2629 siobhan.morrissey@gmail.com GLOSSARY APPRAISAL: As defined by the Appraisal Standards Board (ASB) in the Uniform Standards of Professional Appraisal Practice (USPAP) is "the act or process of developing an opinion of value." According to the ASB, value can"be numerically expressed as a specific amount, as a range of numbers, or as a relationship(e.g.,not more than,not less than)to a previous value opinion or numerical benchmark (e.g., assessed value, collateral value)." It should be noted that USPAP states that calling an appraisal something else such as"valuation"or"valuation estimate"does not remove it from being considered as an appraisal if the opinion of value is given. The document contains a valuation executed for a specific purpose and follows specified guidelines. ASSUMPTIONS AND LIMITING CONDITIONS: According to USPAP, the appraiser is required to identify and explain the circumstances and appropriateness of any assumptions,extraordinary assumptions, hypothetical and limiting conditions that have been used in an appraisal assignment. These terms or concepts are generally linked together in most appraisals. They refer to the assignment conditions and how, if varied,they might alter the appraisal results. An ASSUMPTION is that which is taken to be true. Not all assumptions are extraordinary. An EXTRAORDINARY ASSUMPTION is an assumption, directly related to a specific assignment, which, if found to be false, could alter the appraiser's opinions or conclusions. They must be clearly disclosed and the intended users must be informed if they have affected the valuation results.A LIMITING CONDITION refers to conditions that limit the appraiser's examination or research of the appraised items and the appraisal assignment. HYPOTHECIAL CONDITIONS are those which are contrary to what exists but are supposed for the purpose of analysis. According to USPAP, all assumptions and conditions must be listed and qualified in every appraisal. CLEAR TITLE: Good ownership,one free from encumbrances,obstruction or limitation. COMPARABLES: Finding similar and like objects to the one being appraised is the most commonly applied approach to evaluation. An examination and analysis of the sales figures for similar works or comparable objects allows the appraiser to arrive at the appropriate appraised value for the one under consideration. These figures are mandatory for most donation appraisals and may be provided by the appraiser in other situations when the appraiser deems it necessary. DE MINIMUS: Latin term for minor,as in minor damage. DIMINUTION OF VALUE(Also known as Loss of Value): This is the difference in value between the value of the property prior to damage and the value of the property after that damage has been repaired. DISCLOSURE/FULL DISCLOSURE: Disclosure is the passing of information that is secret, not previously known(i.e.,revelation)or which is believed not to have been known previously. In an appraisal situation, this would include disclosing confidential information shared by the client with the appraiser. Full Disclosure,on the other hand,refers to the appraiser's obligation to state all the work that was done or not done in generating the appraisal report or any other factors which may,at a later date,alter the valuation conclusions of the report. IN SITU: A Latin term meaning"in its place." REPORT COPY TCH 500 Alton,LLC Retail Replacement Value for Insurance Inventory Purposes Appraisal Report—APPRAISAL VOID IF PAGES SEPARATED Effective Valuation Date:8/27/2020 page 26 of 28 Page 292 of 1430 Siobhan Morrissey Morrissey Fine Art 77 Harbor Drive,#9,Key Biscayne, FL 33149 305/361-2629 siobhan.morrissey@gmaiI.com MEDIUM: There are at least four definitions of this term: 1)The material the item is made from or the art is produced upon and may include white or black paper,canvas, board, cel (acetate), clay (sculptures); 2) The specific tool and material used by an artist,e.g., brush and oil paint, chisel and stone; 3)The mode of expression used by the artist, e.g., painting sculpture,the graphic arts; 4)A liquid that may be added to a paint to increase its manipulability without decreasing its adhesive, binding or film forming properties. MOST APPROPRIATE MARKET: The venue in which the appraiser determines an object can be sold most easily and at the highest price. Frequently in the case of personal property,where comparable works are scarce,the most appropriate market can be a combination of auction and private gallery sales. PRIMARY MARKET: The primary market is one created by the maker or maker's agent when an object is originally sold,usually in galleries or other retail outlets. The secondary market is the venue for the sale of an object between a seller and a buyer with neither having participated in the creation or initial sale of the object. In the instance of multiples,a valid secondary market cannot exist while the maker or his agent retains a supply of the original offering. PROVENANCE: History of ownership for an item back to its maker. Provenance not only supports the authenticity of the work, but also enhances the value if the work was at one time part of an important collection or appeared in a major exhibition. QUALIFIED APPRAISAL: A Qualified Appraisal is an appraisal conducted by a qualified appraiser in accordance with generally accept appraisal standards. The IRS further states that an appraisal will be treated as having been conducted in accordance with generally accepted appraisal standards if it is consistent with the substance and principles of the Uniform Standards of Professional Appraisal Practice, also known as USPAP. QUALIFIED APPRAISER: A Qualified Appraiser is an individual who has earned an appraisal designation from a recognized professional appraiser organization or has otherwise met minimum educational and experience requirements set forth in regulations prescribed by the IRS. The minimum education and requirements are met if the appraiser has successfully completed college or professional level course work that is relevant to the property being valued; obtained at least two years of experience in the trade or business of buying, selling or valuing the type of property being valued; regularly performs appraisals for which the individual receives compensation; and meets such other requirements as may be prescribed by the IRS in regulations. RECTO:A Latin term meaning on the front of a printed piece of paper or manuscript,but in this case refers to the front of the artwork. UNIFORM STANDARDS OF PROFESSIONAL APPRAISAL PRACTICE (USPAP): The appraisal procedures and guidelines for conducting and writing appraisals as published by the Appraisal Standards Board of The Appraisal Foundation, and first codified in 1987, these standards apply to all disciplines of appraising and are predicated on the concept that there is common methodology which can be found in all aspects of appraisal practice including appraisal,appraisal review,and appraisal consultancy. REPORT COPY TCH 500 Alton,LLC Retail Replacement Value for Insurance Inventory Purposes Appraisal Report-APPRAISAL VOID IF PAGES SEPARATED Effective Valuation Date:8/27/2020 page 27 of 28 Page 293 of 1430 Siobhan Morrissey Morrissey Fine Art 77 Harbor Drive,#9,Key Biscayne,FL 33149 305/361-2629 siobhan.morrissey@gmail.com VALUATION APPROACHES: ■ Comparative Market Data Approach: This is the most commonly applied approach when appraising personal property in which appraised value is based upon past prices (close to the Effective Date) for similar works by the same artist/maker or of similar works by anther artist/maker of equal standing and related reputation. I Cost Approach: This approach is used to determine the value of an object based upon the cost of duplicating or recreating the identical piece. This approach may be applied to the decorative arts when the methods of construction or materials used are replicable and of significant inherent value. • Income Approach: This approach is used to determine the value of a work of art or object that will be used to generate future income. This is most often done through leasing,rental,or creating reproductions, but not through a one-time only sale with transfer of title and/or copyright. VALUE: This is a dollar amount dependent upon the type of appraisal report being written: insurance, IRS,equitable distribution for divorce proceedings or liquidation. The appraiser must state which value is being used and give a clear,concise definition of that value and cite the source for the definition. VERSO: A Latin term meaning the back of a printed page or coin,but in this case refers to the back of the artwork. REPORT COPY TCH 500 Alton,LLC Retail Replacement Value for Insurance Inventory Purposes Appraisal Report—APPRAISAL VOID IF PAGES SEPARATED Effective Valuation Date:8/27/2020 page 28 of 28 Page 294 of 1430 701 West Ave Art in Public Places Committee Submission 9. Condition Report 9/16/2020 Page 295 of 1430 Fei'rt s__� _,.r�ti�ikA F-'z 4F4t753�ti " =J',x. �'•'"'F _ _ Condition Report Inv. No : HANDF42507 Artist : MARK HANDFORTH Title : Snow White Year : 2016 Medium : Aluminum, painted Dimension : 284.5 x 305 x 127 cm/112 x 120 x 50 inches Edition: Inscription: 4.. perfect condition 1 Malschichtausbruch/paint loss 7 Beschadigung des Bildtragers tEinriss, 12 Schlaffe Leinwand/slack support 2 Farbabrieb/abrasion Loch]/damage of canvas Itear,hotel 13 Knick/bend 3 Abhebung/flaking 8 Schmutzabrieb/dirt abrasion 14 Falte/fold 4 Kratzer/scratch 9 Fleck/stain 15 Retusche/impaint 5 Welle/undulation 10 Staubige Oberflache/dust on surface 6 Beute/bulge 11 Fingerabdruck/fingerprint Rahmen/Frame: Zustand/Condition: I 1 i.0. Rahmung/Frame: I 1 Glas/Glass I 1 Art der Beschadigung: I 1 Plexiglas I 1 Ruckseitenschutz/Backpanel Masse/Size: Art/Kind: a Ausbruch/Fehlstelle/toss c Kratzer/scratch e Schmutzspuren b Abrieb/abrasion d Offene Gehrung/open mitre joint f Delle/Kerbe/Dent Datum,Visum: 5.12.2017 Uwe Lewitzky Page 296 of 1430 _ �. _ I r r r f phhi. T sr" {y 'h .. ,. x --_ ...3� igAlli 1111P.;-. 4` - I l / /' - ' y — - _ • -. .� i R aVir JD aara� )j mfr ..e297of \. , . :' \ \: = > `{ \ ^ _ \ -' \G�y s s \ � _. w . \ 3/ sy \ . � lw w «« « a :\� � >�:_� \ t % . 7 Z---=!1• \/ 74 / \ °°°1#1 _ � 2 . . _ \ _ ~ \. _ \ �. :- % _ - \ ■ @1 � _-..-_t,„_ � � \z�� .0. _ . < y � � ., . Asirr - \ <` - 2 .e28 - . tlr� r JLC Snow White „,, 1TY,T�Al N Mark Handforth �- • Art in Public Places - Miami Beach 10/20/2020 T Terra Terra is an integrated development firm in South Florida focused on creating sustainable,design-oriented communities that enhance neighborhoods and bring people together.The firm's portfolio includes garden apartments,townhouses,single family homes,luxury high-rises,retail shopping centers,and office,both in urban and suburban settings.Since 2001,Terra has developed over 11 million square feet of residential and commercial space throughout South Florida, representing over$5.0 billion of value. Terra's multi-disciplinary team of 100 employees consists of highly trained architects,designers, builders,lawyers and business professionals.The company's vertical structure, localized knowledge and depth of experience ensures each project is properly planned, meticulously designed,diligently managed and efficiently delivered.Terra is continually recognized for its success and standard of excellence in the real estate industry,with recent awards including: • Developer of the Year—American Institute of Architects, Miami Chapter • Best Planned Community—South Florida Business Journal • Platinum Award in Overall Community Planning, Planned Community Page 300 of 1430 OPOIII.wren•..xrrr1mm .. 'IMICIiP M 01.419ITIMMINV nrIMPawrcINOIMIMIX.m...,... :^imr!ar�rca c+nae.rxe:a^c inrv.i�m�;rrvrnr.^sm��ri-n!+air+ .rrn recwmrimrmmm�r!me�eare�eA+n�rraww i 3 1 Illizipp T.% r .i%...-.. • ...`A 7 I ,__-„,-.40. 013,-4--,.., ,„. 4114.- • • it • Jr . .4 .. JJ. -.......• - '''' '' ..E 611/allidlibie , 1 I I „,•-.._A-- iirke0.4. _7_ -----,--wt,. - 4,- ,I 4. t , ...' iT , 1 I 4 k 4, 'N. IP. --- -- - 1,. _.. _ I . . ,, ... .„. ,. _• -•,- ..4 :-'4,- .” 4.- -.• ' 1 • = j..- ,_, 10/°1 i,, - .., %-• --, ---4, .,-,-,-- . . . . , _... e _ ... , .., . —• I ?.'s • -,... - . ..k...\ , 1 , , , . .. . ) 01. ; 4, .1 1 , i Mark Handforth Mark Handforth(b.1969,Hong Kong)was raised in London and has been based in Miami since 1992. Handforth's dynamic and playful works extend ideas that have been at play in the artist's work for several years. He typically utilizes materials drawn from everyday civic infrastructure,such as streetlamps, road signs,fluorescent lights,and the like,but radically reworks and deforms them into new and exciting configurations.Known for his humorous sculptural appropriations of public objects, Mark Handforth has used a breadth of subjects,including fire hydrants,stop signs,and even celestial forms. Handforth's bold style and large format have been compared to those of Claes Oldenberg and other Pop Artists, his more unusual creations also compared to Surrealism. Handforth has shown other outdoor public sculptures in such places as Central Park in New York City,the Dallas Museum of Art, and Zurich,Switzerland and has had solo exhibitions at Museo d'Arte Contemporanea Villa Croce, Genoa, Italy(2016);Sidewalk Island,Governor's Island, New York(2014); Rolling Stop, Museum of Contemporary Art, North Miami (2012)' Chicago Plaza Project Museum of Contemporary Art, Chicago (2011); the Kunsthaus Zurich, Le Consortium in Dijon,the Hammer Museum in Los Angeles, as well as at Gavin Brown's Enterprise in New York, Modern Institute in Glasgow,Almine Rech in Paris,and Eva Presenhuber in Zurich among many other locations. His work has appeared in exhibitions worldwide, including solo presentations and outdoor public sculptures at the Museo d'Arte Contemporanea, Villa Croce, Genova, Italy (2016); Museum of Contemporary Art Chicago (2011); Dallas Museum of Art(2007); Kunsthaus Zurich(2005);and the Hammer Museum,Los Angeles(2002). His highly popular neon installation at PAMM,Western Sun, is part of a group of works consisting of fluorescent light fixtures installed directly into the gallery wall in pictorial arrangements--in this case,a partially setting sun disappearing into the floor.The work immerses everything around it, including the viewers body, in a dramatic, red-orange glow. Evoking the notion of human-made sunlight,it relates to visions of a world in which all things natural have been replaced by manufactured products.It is among the most Instagrammed works in the PAMM collection. EDUCATION The Slade School of Fine Art, University College London Staatliche Hochschule fur Bildende Kunste,Stadelschule, Frankfurt Page 302 of 1430 51111.1tVOI I.F W0 ..• r rrnr1.upR,MIAM.M.CP.1.4.0 tIMRaPr. Ire.. artMr.m0T'«^r+ 4sPtw+TWer,Moral 'av?+ myreln�..,,,,,, .v,ti,•.,,,,,,,,, Past Projects A. ". ..%,,, . . .. _ I. 1 : A .. t .,... t• a :.• sl -• 3. • Air ---,,-riovit-:-:' '---- .."::-: • . e• f 4" %. ..., 1,VIAL — kiii fir 4. iviaallMW____... , 1111 MAI iii )1116 4 . ,. ,i I . I lit* jir 1 . . Page 303 of 1430 riorgOryarral rpit,...41M914,4,1 r141,01.T1Tv Irl 'I '..?4,,,,,,,^,^".,,,,`"^r^1,,,rTMAPPOPirtrIfTW,CM.M,mr IM.,,,TRRL,M41119,re',N1,,,N.IIVO.1,0.1.P4,,,,WWWWWW11.1r011 Tfflirikrte."41111,,,wV.P.111,.01 .4.r•SMIres-,....r MO Z19,11,,,WINErrnelleVel.M IIIVIIIMIMMI t`11 r . - z` ;91 .1Ir ' Interview excerpt between Mark Handforth and XXX on the occasion of his perrnenant rr . ;ii • commission at Place de la Porte de Bagnolet,Paris in 2012. Ili '. 1""" ' .1 I M Let's start with how you came to this idea of'Twisted Compost Star" The lampost is a y recurring mot fin your work(for instance,there is another Lamppost in Central Park,New .. i illrl York),and so is the star.Stile this sculpture is a specific response to the site and contest. ,4You've had the opportunely to spend some time in Pans,observe the site,and*Faw inspira- tion from it..But aid this precise site appeal to you as such forst-hand.2And could you V i describe this observation/working process,and how you came to elaborate this prgect? r 1 i Wel,it's kind of a crazy site,a restless site... all action all the time,everyone passing , ! through,a place on the way to everywhere else;and with the tramline running,now even 7 , // more so.Then there's the Periferique just beyond,never stopping,always humming-not so much seen but very present somehow.At the same time there are these strangely f� peaceful moments here,under the great trees of the Park Severin,in the streets of bu- colic little houses,in the market stalls and the cafes that wrap the square.There's a kind of tension,but also a kind of poetry in the interaction of these opposites that I like very much. It took a little while to figure it out.At first the square seems to be halfway up a hill,kind of lost in the middle,neither the bottom or the top-but in terms of an artwork this turns out to be an opportunity to play with vantage points,with views from above and below. / Similarly the streets that feed into the square would seem to block the work,yet instead form sight lines down canyons of buildings that frame certain perspectives and that in turn l''''‘' informs the work,gives each defined view,each approach a different set of meanings. Y of title alongside my original. M4 . l' r 4Ili. Left: Twisted Lartrpost Star,20;mei; Steel,aluminum,paint andhead�� 1805.9cmheight/711 h t View during installation,Place de Bagnolet,Paris,2012 • .y • ' • Following Pages: "'t �.+� 9 Twisted Lampost Star,2012 Installation view,Place de Bagnolet,Pans,2012 Page 304 of 1430 '"'uy^P1 M1!S�7 Y. .. ......,`.. ...... .. ;.-1"'p.[A. .. .,. .. .. :'Re n..+m..+,A Cn*.'n•R!"'r.`:i!gAYnr l+^WUiM!!YRT.t,•"',,,.7'.��4!`a'Cd+T*'XV.P�+'451.iin,nn .......,.�..+.AtA1R ��.. � gip;' y ,r W FJ•i`2 4t t 1 . li.,: ,.., . ._ _ PhoneElone 2011 Cast aluminum and enamel paint iffe/A ,. 609.6x217.2x1283cm 240 x 85.5 x 50.5 in TMI-HANDM-29577 I Installation view,MCA Chicago Plaza Project . Museum of Contemporary Art,Chicago,2011 Page 305 of 1430 sOMm MR"„R:,,, -+,,e,l S�F'1+e�,'.�a,v.,,,.*ca1m?.+iMirl^`wl Ric'rwormtnIewene.rtlRwerl^Lit'41n,,':-•.•^ 0,31+..1IR«r^^.`:A .M.,+.ECoraT,1",, .eiRTs.'tr,"'",,T',10?•MirTer,orq."!'tpll1,1PP 111,"A^;!'.,M,rwi9*, t!^wrr.+T+.!.N1.-,,,,,,4.,oer.,,~""w.111ne^erreve-tmenegOr7.' Iiga7i ' r, `; ,r 'Dr Pepper'(2017)marks a major public commission for Handforth. )IC X 4 V In his sculptural installations,Handforth often transplants familiar objects found in civic 'I` infrastructure—such as municipal signs,motor scooters,hydrants,street lamps,wheels,and traffic 1 , cones-–into unfamiliar surroundings and transforms them,by reworking or deforming their "1 'lkr'' structures and configurations,in order to reveal something new about the ways in which these ob- y. 1' jects function on our everyday lives.He revels in the skewed perspectives and unintended 4 S411 11. to, ' consequences that result from cultural exchange and displacement. - - illt . • i l 1� 131111111.til!' ' i • .li Dr Pepper,2017, Aluminium and neon Installation view,ICA Miami,2017 Page 306 of 1430 LSi1MV'M11,LTI, . '4uMAIWIl 0k!rppM '.........AlelMIWAI.'T 'TMhn'V^......'.:!+f,,'.... ..•vN^^"......1,,,,,,....m. ...ri^.Mn.nrv,,.M.IKAPI,rt...,—,,,r,irrisr,prommtpro'. ....AMermPiC:.1'.EYP...e.,..{.!!'M,.....?If^.X0.,,,,,, q,,,,t,^,••F.f-S,",^"'1,,,, Tp'@lu•.?,.. The sculpture titled'Platz'which has been created specially for the town of Zurich,has on the one hand a nautical touch to it,as it refers to Lake Zurich,which is just a stone's throw away from the Tessinerplatz,while at the same time evoking industrial and urban influences:Oversized,intertwined links of a chain pile up to form a seemingly organic entity,alowing an abstracted perception of the chaining of the individual elements. Handforth is known for his adaptations of industrially manufactured signposts and urban'furnishings'such as street lamps,tires,motorcycles,parking meters,public telephones,or hydrants.He uses these objects,altering them and sometimes reproducing them partially,thus often keeping the viewer in the dark about whether they are ready-mades or not.He recognises things existing in the world and takes lir them as a basis for his work,subjecting them to a shift in time.By transforming the objects,the artist lets them gain a new sense of poetry that carries the idea of vanity.. With his sculptures,Handforth creates a feel of urbanity.An integral part of his work .i-i^. r ' is the negative space that the viewer intensely experiences between himself,the piece I. of art,and the surroundings.Within the urban context,entropy blends into memory, ;�, ! which both explains and multiplies the visual presence of the sculpture. Jlaanffu}__Z1JP1caf rluE: — 11111;12 4111 . w r r ar Ali 11111 * ,,_r w� Previous Page. • r^ Platz,2007 � �•< ^' ';;_` "^ !�'""4 • Resin,steel and polyurethane paint l;r T y Seel 427 x 457 x 549 cm 9d• "S1 -ONIII Installation view,Public Art Project,Art 40 Basel,2009 Left: Platz,2007 I I T ` M` . 1 c " Installation view,Outdoor Sculpture Project Tessinerplatz,Zurich,2007 10/19/2020 Page 307 of 1430 wopmmenm•tworvorn,,,,nr!a",,rwiremti,mmrzyvviAolirtmkowi wt +, erwerMNINTntirrIVIR A9 9m7.^AVPIMKPIN.OrTIIY11!^�^�I?a'.e 5:war+.a 1,1,0,01. 1Crar77S.—.n!'"'P '11n,T 7r^.:v+Tn11/•41LI bras!X11,}71,,T.4r4r,I.7.'^rtesti>�;.AVi.01, .1nir,•..:11,^1,,,V•P brig P+R1^P9R^'.n*_ . ;ii 1,1,1 iIC 1 416011441100,0446,,.'401' ' 01000061010001011.1110000k r ql l 1 Ip.lI �'I .�ysrJMt.r% „ Weeping Hydrant,2013 Cast iron Installed 70 x 88 x 63 cm installation view,'Sidewalk Island',Governors Island,New York.2014 Page 308 of 1430 IILgpIX�M9MR,Y,4tY,v..e•t1�"!.vn.,iM.'u""I�'1'R!FFM.+s'!?'IC.."PPCL�RI:',np�ll%'nl',PIRTM "riRINY�^g1M .... .... 3'GI�I;pn.pyn•n.,.Mil'M^II':IIM!�.i4A4•�1RA^M1'^,wNll1!TI'^A"",RM7tTI�'Ii �C�"!fl!N'M9T!".w�nL'II'ihM'^,F"prA:�ml1^,"!fT:'tlRC{"H�AFa]:'Tn1p"'I't"��411%4'T�"rvw.W nrr,X,.-'"nnl!�r'71MIAfA^III"''I!' °.p'A !0.1RIll�ITp#I. Snow White Painted Aluminum 112 x 120 x 50 inches .111tl tmJ�'i„ ft " ICI II-,,,,*5 1 : I N4 III 1�1 } ,� .,,M r'', I", • 311 1 II41,•I NI I tlel IP ,,!,,„iyYlg iNl IWhI II I.,4!,11:111r,;1„,,Il 11II1h1111IIIII i01,111� 7 11 .1;..;,,. . .: f 71J,2,-,' f` .fit, k7 _..i� _,,,„, 1oWir 4 iLe. I x ., 741ifY. • ;. +„4"0.1, S >. ' MI6 -'�..,+ (`:-. F;r, a_..b.:. > t .t rq • r. Ill` a�y9 _ _.... :_ ..;_.... P 1,1.10110. � u II c u dill p. ° r( 'y ' gIr,•,•„„,019441 1 . A4.�.� AA ii, 4 b .[,,,,..:41.,,..,,....i.,,,1%.... J'r 1 ,r 1, .u, ti r Rn.,. '.k. 9 ...t a 1 �'''. ,r!.I ,._+. ..� o:v;.. p,:J11PIItl 'tOoto:.,,,, t' II 0111'µ1.;k'M 4 MI11,1 !Oli litell{'. W�'3 :'' 1,1,1 : I S r, ini' . � M"'' 1 'VlIZ!1III!III,,.�1111I,1 W,II IJ '� 'IA4'''' K LA ...d.. 1. P11+1 .. ..a: r T'M1 i. Y ,W'mILiM« .,Y 1 , I .1. Yrs .., ,,; f�./ .ir0 „- 47;71muM 'I",1� G Page 309 of 1430 �A4YR i1'WMO",,,,TP ,,,,+TiwWku*m„..h.:v9w,mm-',.........IM^Nm^r,,I,,,'WR......,,,,,Rrt.IRFR° "rrv}.n. p iy,.ISM.',am.,,,..-,m.r Tpr,:e. ",,-,JR,,,,,q,N,,,,,m2,,N-yr,,"R>Rpf► ,..,N.Krw Sry•pnrteratAWNIaRS.41,1.:1V...^lel.ro.ltro"1+'Mmr,.n.,,14."egm.w:•<,....m,srtarv.warp. pwl,"pmorn..vompwrop,rwp'M*opmpospop1o/7 The all white star titled Snow White is part of a series of seven sculptural stars by Miami artist Mark Handforth. A red star, Texas Tom, is on exhibit at the Rachofsky House, a private home and contemporary art collection in Dallas; a deep violet star graces the rustic grounds of the Domaine du Muy sculpture park in southeastern ��+� ,� France; a saffron star adds a brilliant splash of color to the Governors - - �- _ _ ..n mow' Island park in New York Harbor. Mark is debating whether to complete his star series by creating an eighth and final star in silver. a According to Mark, it was a challenge to convert the abstract rays of V . 111 light that make up stars into a concrete sculptural form that also i of, i '" conveys movement. He succeeded by twisting the point of at least " ' one of the five prongs, conveying the sense of a star streaking M¢r, through the sky. 1 H� " ; III�, 11 IIN an' I.i'1SFr. 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