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2013-28241 Reso RESOLUTION NO. 2013-28241 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, PURSUANT TO INVITATION TO NEGOTIATE (ITN) NO. 059-2013ME,APPROVING ALL MATERIAL AND SUBSTANTIVE TERMS OF AN AGREEMENT BETWEEN THE CITY AND SERVICE AMERICA CORPORATION d/b/a CENTERPLATE (CENTERPLATE) TO PROVIDE PROFESSIONAL FOOD AND BEVERAGE FACILITIES MANAGEMENT SERVICES FOR THE MIAMI BEACH CONVENTION CENTER, AS SAME ARE SET FORTH IN THE TERM SHEET ATTACHED AS EXHIBIT "A" TO THIS RESOLUTION; AUTHORIZING AND DIRECTING CENTERPLATE AND THE CITY MANAGER AND CITY ATTORNEY'S OFFICE TO FINALIZE THE AGREEMENT, BASED ON THE APPROVED TERM SHEET; FURTHER AUTHORIZING CENTERPLATE AND THE CITY MANAGER AND CITY ATTORNEY'S OFFICE TO MAKE ANY NON-SUBSTANTIVE AND NOW MATERIAL REVISIONS AND/OR ADDITIONS TO THE AGREEMENT, AS REQUIRED; AND AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE THE FINAL AGREEMENT(SAID AGREEMENT HAVING AN INITIAL TERM OF THREE(3)YEARS,COMMENCING ON JULY 19 20139 AND ENDING ON JUNE 30, 20169 WITH TWO (2) ONE YEAR RENEWAL TERMS, TO BE- EXERCISED AT THE CITY'S SOLE OPTION AND DISCRETION). WHEREAS, on September 6, 2006, the City Commission adopted Resolution No. 2006- 26316, authorizing the Mayor and Clerk to execute an agreement with Service America Corporation D.B.A. Centerplate, for catering and concession services for the Miami Beach Convention Center (the Concession Agreement); and WHEREAS, the initial term of the Concession Agreement expired on September 30, 2012, and includes two (2) successive, five (5) year renewal options, at the City's discretion; and WHEREAS, at the December 14, 2011 City Commission meeting, the Administration was directed to issue a Request for Proposals for catering and concession services at the Convention Center; and WHEREAS, RFP No. 39-11/12 (the 2012 RFP) was issued on April 25, 2012, after incorporating the comments from the Finance and Citywide Projects Committee meeting; the deadline for receipt of proposals was June 8, 2012; and WHEREAS, at the September 12, 2012 City Commission meeting, the City Commission adopted Resolution No. 2012-28006, and exercised its right under the RFP to reject all proposals received pursuant to the 2012 RFP.; and WHEREAS,On December 12,2012,the Mayor and City Commission approved the issuance of Invitation to Negotiate No. 059-2013ME For Food and Beverage for the Convention Center(the ITN); and WHEREAS, ITN w i n February cn S, t e as issued o eb uary 4, 2013, with an opening date of March 12 , 2013; and WHEREAS, on March 12, 2013 proposals from the following four (4) firms were received: 1. Aramark; 2. Centerplate; 3. Ovations; and 4. Levy Restaurant. WHEREAS, an Evaluation Committee convened on March 26, 2013, and recommended entering into negotiations with the three (3)top-ranked proposers: 1)Ovations; 2)Centerplate; and 3)Aramark; and WHEREAS, on April 17, 2013, the Mayor and City Commission adopted Resolution No. 2013-28194, accepting the City Manager's recommendation and authorizing the Administration to enter into negotiations with the second and third ranked proposers, Centerplate, and Aramark; and WHEREAS, the Administration negotiated with both firms and, at the June 5, 2013 City Commission meeting, presented proposed term sheets (the Term Sheets) that were the result of these negotiations, which comprise the substantive terms of an agreement with each firm; and WHEREAS, based on its consideration of the negotiated Term Sheets, the Mayor and City Commission determined that the award of the catering and concession management agreement for the Miami Beach Convention Center to Centerplate, is in the best interest of the City. 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 approve all material and substantive terms of the proposed agreement between the City and Service America Corporation d/b/a Centerplate (Centerplate) to provide professional food and beverage facilities management services for the Miami Beach Convention Center pursuant to ITN No. 059-2013ME, as same are set forth in the Term Sheet attached as Exhibit "A" to this Resolution; authorize and direct Centerplate and the City Manager and City Attorney's Office to finalize the agreement, based on the approved Term Sheet; further authorize Centerplate and the City Manager and City Attorney's Office to make any non-substantive and non- material revisions and/or additions to the agreement, as required; and authorize the Mayor and City Clerk to execute the final agreement (said agreement having an initial term of three (3) years, commencing on July 1, 2013, and ending on June 30, 2016,with two(2)one year renewal terms,to be exercised at the City's sole option and discretion). PASSED and ADOPTED this P-A day of 74h _ , 2013. ATTEST: MAYO"R ITY CLE :If�CORP ORATED: T:\AGENDA\201 510,I onvention Center Mgmt Agmt RESO.doc APPROVED AS TO FORM & LANGUAGE &FOR CUTION orney Date COMMISSION ITEM SUMMARY Condensed Title: A Resolution accept the recommendation of the City Manager pursuant to Invitation To Negotiate (ITN) No. 059- 2013ME,approving all material and substantive terms of an agreement between the City and Aramark Sports And Entertainment Services,LLC.(Aramark)to provide professional food and beverage facilities management services for the Miami Beach Convention Center;based on those material and substantive terms and conditions in the term sheet attached as Exhibit"A"to this resolution; authorizing and directing Aramark and the City Manager and City Attorney's Office to finalize the agreement based on the approved term sheet;further authorizing Aramark and the City Manager and City Attorney's Office to make any non-substantive and non-material revisions and/or additions to the agreement,as required,and authorizing the Mayor and City Clerk to execute the final agreement(said agreement having an initial term of three(3)years,commencing on October 1,2013,and ending on September 30,2016,with two 2 one year renewal terms,to be exercised at the city's sole option and discretion). Key Intended Outcome Supported: improve the Convention Center Facility Supporting Data(Surveys, Environmental Scan,etc.): [The 2012 Community Satisfaction Survey indicated the average attendance last year at the Miami Beach Convention Center was four times,yet 18%of residents visited over six times. Item Summa /Recommendation: On September 6,2006,the City Commission adopted Resolution No.2006-26316,authorizing the Mayor and Clerk to execute an agreement with Service America Corporation D.B.A. Centerplate, for catering and concession services for the Miami Beach Convention Center(the Concession Agreement).The initial term of the Concession Agreement expired on September 30, 2012, and includes two (2) successive, five (5) year renewal options, at the City's discretion. At the December 14, 2011 City Commission meeting, the Administration was directed to issue a Request for Proposals for catering and concession services at the Convention Center. RFP No. 39-11/12 (the RFP) was issued on April 25, 2012, after incorporating the comments from the Finance and Citywide Projects Committee meeting;the deadline for receipt of proposals was June 8, 2012. At the September 12, 2012 City Commission meeting, the City Commission adopted Resolution No.2012-28006,and exercised its right under the RFP to reject all proposals received pursuant to the 2012 RFP. On December 12,2012,the Mayor and City Commission approved the issuance of Invitation to Negotiate No. 059-2013ME For Food and Beverage for the Convention Center(the ITN). The ITN was issued on February 4, 2013, with an opening date of March 12th, 2013. On March 12, 2013 proposals from four (4) firms. An Evaluation Committee convened on March 26,2013 recommended entering into negotiations with the three(3) top-ranked proposers: 1)Ovations;2)Centerplate;and 3)Aramark.Six(6)committee members were in favor of the motion presented;two(2)committee members opposed the motion.On April 17,2013,the Mayor and City Commission accepted the City Manager's recommendation and adopted Resolution No. 2013-28194 authorizing the Administration to enter into negotiations with the second and third ranked proposers, Centerplate, and Aramark. The Administration negotiated with both firms and attached are draft term sheets that were the result of these negotiations,which comprise the substantive terms of an agreement with each firm. Based on the negotiated Term Sheets the City Manager concurs with City Staff and recommends award the award the catering and concession management agreement for the Miami Beach Convention Center to Aramark pursuant to ITN NO. 059-2013ME. Please refer to the attached Commission Memorandum and Term Sheet for detailed terms and conditions. Advisory Board Recommendation: N/A Financial Information: Source of Amount Account Funds: Approved 1 Convention Center Enterprise Fund OBPI Total Financial Impact Summary:Aramark's Guaranteed Commission is equal to$1,250,000 in the first year and the of the guarantee equals 85%of the Commissions from the immediately preceding Contract Year, with a maximum annual guarantee not to exceed $1,500,000 in any Contract Year. Aramark's Guaranteed Commission are projected to generate approximately$360,000 annually more than Centerplate. City Clerk's Office Legislative Tracking: Max Sklar,ext.6116 Sign-Oft e Di r or AssiStantM kfnager Manager T:\AGE 1 n 5\Global Spectrum Conv ion Center mt Agmt SUMMARY.doc U W MIAMIBEACH AGENDA ITEM �? �r SATE � � MIAMI BEACH City of Miami Beach, 1700 Convention Center Drive,Miami Beach, Florida 33139,www.miamibeachfl.gov COMMISSION MEMORANDUM TO: Mayor Matti Herrera Bower and Me bers of t City Commission FROM: Jimmy L. Morales, City Manager r DATE: June 5, 2013 SUBJECT: A RESOLUTION OF THE MAYO AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ACCEPTING THE RECOMMENDATION OF THE CITY MANAGER PURSUANT TO INVITATION TO NEGOTIATE (ITN) NO. 059-2013ME, APPROVING ALL MATERIAL AND SUBSTANTIVE TERMS OF AN AGREEMENT BETWEEN THE CITY AND ARAMARK SPORTS' AND ENTERTAINMENT SERVICES, LLC. (ARAMARK) TO PROVIDE PROFESSIONAL FOOD AND BEVERAGE FACILITIES MANAGEMENT SERVICES FOR THE MIAMI BEACH CONVENTION CENTER; BASED ON THOSE MATERIAL AND SUBSTANTIVE TERMS AND CONDITIONS IN THE TERM SHEET ATTACHED AS EXHIBIT "A" TO THIS RESOLUTION; AUTHORIZING AND DIRECTING ARAMARK AND THE CITY MANAGER AND CITY ATTORNEY'S OFFICE TO FINALIZE THE AGREEMENT BASED ON THE APPROVED TERM SHEET; FURTHER AUTHORIZING ARAMARK AND THE CITY MANAGER AND CITY ATTORNEY'S OFFICE TO MAKE ANY NON-SUBSTANTIVE AND NON-MATERIAL REVISIONS AND/OR ADDITIONS TO THE AGREEMENT, AS REQUIRED, AND AUTHORIZING THE MAYOR AND CITY CLERK TO .EXECUTE THE FINAL AGREEMENT (SAID AGREEMENT HAVING AN INITIAL TERM OF THREE(3) YEARS, COMMENCING ON OCTOBER .1, 2013, AND ENDING ON SEPTEMBER 309 20169 WITH TWO(2) ONE YEAR RENEWAL TERMS, TO BE EXERCISED AT THE CITY'S SOLE OPTION AND DISCRETION). ADMINISTRATION RECOMMENDATION Adopt the Resolution. KEY INTENDED OUTCOME SUPPORTED Maximize Miami Beach as a Destination Brand BACKGROUND The initial term of the agreement with the City's current vendor, Centerplate, to provide food and beverage services at the Miami Beach Convention Center (Convention Center or MBCC), expired on September 30, 2012 (the Centerplate Agreement). The Centerplate Agreement also provides for two (2) five (5) year renewal options, to be exercised at the City's discretion. ITN#59-2013ME Food and Beverage for MBCC Commission Memorandum June 5, 2013 Page 2 In anticipation of the expiration of the initial term of the Centerplate Agreement, the Convention Center Advisory Board (CCAB) held a discussion at its June 7, 2001 meeting on whether or not the City should exercise the first five (5) year renewal option under the Agreement, or issue a new competitive solicitation for food and beverage services for the Convention Center. The CCAB recommended that the City issue a new Request for Proposals. The Finance and Citywide Projects Committee (FCWPC) also discussed this matter at its October 27, 2011 meeting. At that time, City staff recommended that, should there be a desire on the part of the City to exercise the first renewal term under the Centerplate Agreement, it might be appropriate to consider breaking up the renewal term into shorter terms (For example, year-by-year terms rather than the one five year term). This way, any potential performance issues could be more effectively and immediately addressed. The FCWPC concurred, and recommended that the City exercise its option to renew the Centerplate Agreement, for a two (2) year initial renewal term, with three (3) subsequent one (1) year renewals (all at the City's discretion). At its December 14, 2011 meeting, the City Commission considered the FCWPC's recommendation and, following discussion, instead directed the Administration to issue a new Request for Proposals for food and beverage services at MBCC. Request for Proposals No. 39-11/12 for Food and Beverage for the Convention Center (the 2012 RFP or the RFP) was issued on April 25, 2012. Two (2) proposals, from Aramark Corporation and Ovations Food Service, respectively, were received. At the September 12, 2012 City Commission meeting, the City Commission adopted Resolution No. 2012-28006, and exercised its right under the RFP to reject all proposals received pursuant to the 2012 RFP. Concurrent with the rejection, the Administration recommended that the Centerplate Agreement be extended, to ensure continuation of service during peak usage of the Convention Center and to provide the City with sufficient time to draft and issue a new solicitation and complete that process. The Administration also recommended that the Mayor and City Commission refer discussion of the new solicitation process to the Finance and Citywide Projects Committee. The Finance and Citywide Projects Committee met on November 9, 2012 and discussed the new solicitation process. The Committee recommended proceeding with the issuance of a new Request for Proposals which would give proposers the option of responding 1) for the overall management of the Convention Center; and/or 2) for the provision of catering/concession services at the Convention Center. At the same time, City staff explored the possibility of issuing the new solicitation not as a Request for Proposals, but as an Invitation to Negotiate (ITN), reasoning that the ITN process permits simultaneous negotiations with the selected, short listed proposers (as opposed to the RFP process, which only permits negotiations with one proposer at a time). In this regard, it allows for more comprehensive negotiations that can result in better overall results for the City, and provides needed flexibility for complex negotiations. At the December 12 2012 City Commission meeting, the Administration presented a Resolution seeking authorization to issue an RFP, or an ITN, for the management and operation of the Miami Beach Convention Center, and/or to provide catering and concession services for the Convention Center. The City Commission approved the issuance of an ITN, but limited it to the provision of catering and concession services for the Convention Center. With regard to the overall management of the Convention Center, the City Commission ITN#59-2013ME Food and Beverage for MBCC Commission Memorandum June 5, 2013 Page 3 directed the Administration to enter into negotiations with the City's current manager, Global Spectrum and, if successful, to bring the proposed new agreement back to the City Commission, for consideration and approval pursuant to a waiver of competitive bidding. ITN PROCESS On December 12, 2012, the Mayor and City Commission approved the issuance of Invitation to Negotiate No. 059-2013ME For Food and Beverage for the Convention Center(the ITN). The ITN was issued on February 4, 2013, with an opening date of March 12th, 2013. A pre- proposal conference and a site visit to the facility was held on February 13, 2013. Twelve (12) prospective proposers downloaded the solicitation from The Public Group. Additionally, the Procurement Division notified another eleven (11) additional proposers via e- mail to expand the pool of prospective proposers. On March 12, 2013 proposals from the following four(4) firms were received: 1. Aramark; 2. Centerplate; 3. Ovations; and 4. Levy Restaurant. The Evaluation Committee convened on March 26, 2013 to consider proposals received, and interview proposing teams. The Committee discussed its individual perceptions of the proposers' qualifications, experience, and competence, and further scored and ranked the proposers accordingly. The Evaluation Committee recommended entering into negotiations with the three (3) top-ranked proposers: 1)Ovations; 2)Centerplate; and 3)Aramark. Six (6) committee members were in favor of the motion presented; two (2) committee members opposed the motion. On April 17, 2013, the Mayor and City Commission accepted the City Manager's recommendation and adopted Resolution No. 2013-28194 authorizing the Administration to enter into negotiations with the second and third ranked proposers, Centerplate, and Aramark. CONTRACT NEGOTIATIONS The Administration has been negotiating with both firms since late April and attached are draft term sheets that were the result of these negotiations. These term sheets comprise the substantive terms of an agreement with each firm. The following summarizes the term sheets: ARAMARK CENTERPLATE Term 3 years 3 years 2, 1 year renewals, exercised at 2, 1 year renewals exercisable with 180 City's discretion days prior written notice at mutual Renewal Options agreement Capital $850,000 $800,000 Contribution ITN#59-2013ME Food and Beverage for MBCC Commission Memorandum June 5, 2013 Page 4 $500,000 toward marketing new $500,000 toward marketing new ballroom facility if renewal is ballroom facility if renewal is exercised Additional Capital exercised by City and if the City by City and if the City completes the Contribution completes the ballroom during ballroom during renewal term. renewal term. Shall maintain aggregate positive Shall maintain aggregate positive customer survey scores at or above customer survey scores at or above 93%for each contract year-end. 93%for each contract year-end. Recovery Period: If Concessionaire Recovery Period: If Concessionaire fails fails to achieve 93%, but achieves at to achieve 93%, but achieves at least Customer least 85%, Concessionaire will have 85%, Concessionaire will have a 6 Satisfaction a 6 month recovery period. Failure month recovery period. Failure to to maintain a score at or above 93% maintain a score at or above 93%after after Recovery Period shall Recovery Period shall constitute an constitute an Event of Default. Event of Default. The Guaranteed Commission shall $1,000,000 for each contract year. equal $1,250,000 for the first year, and each Contract Year thereafter the Guaranteed Commission Amount shall equal 85%of the Guaranteed Commissions from the immediately Commissions preceding Contract Year, with a maximum annual guarantee not to exceed $1,500,000 in any Contract Year. Commissions range from 28%-38%, Commissions range from 20%-40%, Commissions calculated on the increment. calculated on the increment. Sub-Contractor Please refer to term sheet Please refer to term sheet Commission Split ITN#59-2013ME Food and Beverage for MBCC Commission Memorandum June 5, 2013 Page 5 Must achieve minimum required Must achieve minimum required gross gross revenue generated from revenue generated from events booked Social Catering events as set during by Concessionaire as set during the the adopted annual budget. The adopted annual budget. The required minimum gross revenue required minimum gross revenue from from Social Catering events for the Social Catering events for the fiscal year fiscal year shall increase by ten (10) shall increase by 5%percent annually. percent annually. In any contract Net Performance year,to the extent the actual net performance achieved in the fiscal year is less than the required minimum as set forth adopted annual budget, the City shall draw against the Performance Bond up to a maximum of$100,000. Capital Reserve 1%of Gross Receipts 1%of Gross Receipts Greater of$50,000 or 1.5%%of Greater of$50,000 or 1.5%%of Gross Marketing Reserve Gross Receipts Receipts $20,000 to the City of Miami Beach $20,000 to the City of Miami Beach scholarship fund. scholarship fund. $20,000 to the Miami Beach Senior Scholarship/ High School Academy of Hospitality Community and Tourism program. Contribution $10,000 to Miami Beach Senior Living as mutually determined. Performance Bond $300,000 $300,000 The City did negotiate a Guaranteed Commission to protect against any downturn in bookings. • Aramark's Guaranteed Commission is equal to $1,250,000 in the first year and the of the guarantee equals 85% of the Commissions from the immediately preceding Contract Year, with a maximum annual guarantee not to exceed $1,500,000 in any Contract Year. • Centerplate's Guaranteed Commission is equal to $1,000,000 annually. The following is a projection of food and beverage commission for the Convention Center based on each proposal. These projections are based on both FY 2011/12 actuals and FY 2012/13 actuals/forecasts and indicate the Aramark proposal would generate $365,372 (in FY 2011/12) and $363,371 (in FY 2012/13) more in revenue to the Convention Center than Centerplate's proposal. It is important to note that there is no guarantee that these revenues will be achieved since the number of conventions and other rotational pieces of business booked at the Center fluctuate from year to year. ITN#59-2013ME Food and Beverage for MBCC Commission Memorandum June 5, 2013 Page 6 CENTERPLATE Commission Structure $0-$4,000,000 20% $4,000,001 -$5,000,000 25% $5,000,001 -$6,000,000 32% $6,000,001 -$7,000,000 35% $7,000,001 -$8,000,000 36% $8,000,001 -$9,000,000 38% over$9,000,000 40% MBCC Commission Based on Proposed Structures and FY2012 Actuals F&B Gross Revenue MBCC Commissions Total Commission % Total Totals $6,462,810 Totals $ 1,531,984 MBCC Commission Based on Proposed Structures and FY2013 Actuals and Forecasts F&B Gross Revenue MBCC Commissions Total Commission % Total Totals $6,662,932 Totals $ 1,602,026 ARAMARK Commission Structure $0-$4,000,000 28% $4,000,001 -$5,000,000 30% $5,000,001 -$6,000,000 32% $6,000,001 -$7,000,000 34% $7,000,001 -$8,000,000 36% over$8,000,000 38% MBCC Commission Based on Proposed Structures and FY2012 Actuals F&B Gross Revenue MBCC Commissions Total Commission % Total Totals $6,462,810 Totals $ 1,897,355 MBCC Commission Based on Proposed Structures and FY2013 Actuals and Forecasts F&B Gross Revenue MBCC Commissions Total Commission % Total Totals $6,662,932 Totals $ 1,965,397 ITN#59-2013ME Food and Beverage for MBCC Commission Memorandum June 5, 2013 Page 7 ABOUT ARAIMARK Aramark is a foodservice, and clothing provider supplying businesses, educational institutions, sports facilities, federal and state prisons, and health care institutions. Aramark operates across the United States and internationally, providing a host of outsourced management services to corporate, public and institutional clients. It is headquartered in Philadelphia, Pennsylvania. Aramark's sales volume for their 2012 fiscal year was $9.4 billion for North American food and support services. In foodservice, it: operates across all major onsite segments, with significant market share in each. Currently, Aramark manages dining and food services for 1,174 B&I locations, 277 healthcare facilities, 372 colleges/universities, 2,700 schools, 362 corrections facilities, 196 sports/recreation/convention facilities, 39 parks/destinations and nine military facilities. This includes 27 convention centers, 76 stadiums / arenas, 11 performing arts facilities, 38 amphitheaters and 8 specialty venues in North America. The company traces its history to a vending concern founded in Philadelphia in the 1930s, but has been a significant international player in managed services since the 1960s. It has been privately held since 2007 when a group of investors led by former CEO Joseph Neubauer purchased all outstanding shares. ABOUT CENTERPLATE Centerplate, Inc. is a food vending corporation in Spartanburg, SC that operates in North America, primarily at sports arenas. Centerplate was formerly known as Volume Services America, Inc., and was originally a division of The Flagstar Companies. In 1995, Flagstar, which was controlled by private equity firm, Kohlberg Kravis Roberts (KKR), sold Volume Services to The Blackstone Group. Volume Services changed its name to Centerplate in 2004, when the company completed an IPO. In 2009, Centerplate again became a private company following its merger with an affiliate of Kohlberg & Company. Aramark's sales volume for their 2012 fiscal year was $837 million. Centerplate operates foodservice for 10 NFL, three major league baseball, three NHL, two NBA and over two dozen minor league baseball and hockey teams, along with dozens of other sports, entertainment and convention facilities, including six of the top ten most active convention centers. Centerplate currently provides food and beverage services to 39 convention and Exposition centers, 31 arenas and multi use facilities, 20 theaters and performing arts facilities, 22 parks and cultural attractions, 74 professional, college and minor league teams and a variety of other specialty venues in North America. Centerplate, operating as Volume Service America, has been providing food and beverage service for the City at the Miami Beach Convention Center since December 17, 1986. STAFF RECOMMENDATION The comparative analysis shows that Aramark has offered a stronger financial proposal than Centerplate. The financial proposal should not be the only factor considered as part of the negotiation process; for example, aggressive financial terms could lead to higher operating costs which can impact other areas of the operations. The goal is to find the right balance of finding ways to control costs and increase sales, while maintaining a high level of customer service and providing the best products. This is a difficult recommendation to make because there is certainly sufficient basis to recommend in favor of Centerplate. The Evaluation Committee ranked Centerplate second ITN #59-2013ME Food and Beverage for MBCC Commission Memorandum June 5, 2013 Page 8 and Aramark third, separated by only one (1) point, after reviewing proposals, hearing presentations and deliberating. Four members of the committee rated Centerplate higher; four members rated Aramark higher. FINAL RANKINGS LOW Ita Steven Ken Jeff Alex Stuart Judy Georgie AGGREGATE ITN#59-2093 Moriarty Haas Lon Lehman Tonarelli Bloomberg Stein Echert TOTALS Ovations (95)2 (89)2 (86) 1 (85) 1 (85) 1 (95) 1 (75)2 (90) 1 (11) 1 Centerplate (97) 1 90 1 (74)4 (60)3 (85) 1 (86)3 (93) 1 (60)4 (18)2 Aramark (83)3 75 3 84 2 (75)2 (75)3 (89)2 (75)2 (88)2 (19)3 Levy Restaurant (80)4 (70)4 (80)3 (40)4 (70)4 (70)4 (70)4 (70)3 (30)4 It is also important to consider that Centerplate is the current provider and has established relationships with the clients of the Convention Center. Not having to transition to another food service provider creates stability for the users, especially during a time period where the City is likely to embark on significant master planning and construction efforts. Although Centerplate experienced a time period with less than satisfactory customer survey scores they have successfully increased their survey scores to 94.5% positive over last 2 years under the leadership of the current general manager. However, Aramark's financial proposal is significantly stronger than Centerplate's proposal, which can't be overlooked as it is likely to increase revenue back to the Convention Center and City. Aramark has also partnered with two (2) Miami Beach based companies; David's Cafe and RARE Group; as well as A Joy Wallace Production, Inc., which will expand and diversify retail foods and catering operations, enhance the event experience, provide a local feel and employ local residents. The view in the industry is that most of the food and beverage providers in the convention center business are very similar and that the key to success is the specific executive personnel (including Executive Chef) at your center. We have firsthand experience with this during Centerplate's current contract. When Centerplate replaced the General Manager several years ago immediate positive change occurred that improved customer service and revenue. Acknowledging the importance of having the right staff in place, City Staff negotiated into both Term Sheets the right for the City to review and approve the General Manager, Executive Chef and Sales Director positions, as well as prior approval of any replacement(s). Considering the aforementioned, City Staff recommends Aramark to provide professional food and beverage facilities management services for the Miami Beach Convention Center. CITY MANAGER'S RECOMMENDATION I have reviewed both proposals and term sheets negotiated by City Staff and concur with Staff's recommendation to award the catering and concession management agreement for the Miami Beach Convention Center to Aramark pursuant to ITN No. 059-2013ME. As staff noted, this is a difficult decision since both companies operate across the country with success. Of the 25 convention centers that represent our peer group for competition purposes, Centerplate operates at 11 and Aramark operates at 9. Given such similarity, the financial terms and local partners lead me to forward staff's recommendation to the Commission for adoption. T:\AGENDA\2013\June 5\ITN-59-013ME Food and Beverage MBCC June 2013- Memo.doc I CENTERPLATE ARAMARK I Commission Structure commission Structure $0-$4,000,000 20% $0-$4,000,000 28% $4,000,001-$5,000,000 25% $4,000,001-$5,000,000 30% $5,000,001-$6,000,000 32% $5,000,001-$6,000,000 32% $6,000,001-$7,000,000 35% $6,000,001-$7,000,000 34% $7,000,001-$8,000,000 36% $7,000,001-$8,000,000 36% $8,000,001-$9,000,000 38% ! over$8,000,000 38% over$9,000,000 40% I I i MBCC Commission Based on Proposed Stuctures and FY2012 Actuals F&B Gross Revenue r MBCC Commissions I r F&B Gross Revenue MBCC Commissions 1 Month Total Month Commission% Total Month Total Month Commission% Total Oct-2011 842,219 Oct-2011 20% 168,444 Oct-2011 842,219 Oct-2011 28% 235,821 Nov-2011 512,222 Nov-2011 20% 102,444 I Nov-2011 512,222 Nov-2011 28% 143,422 Dec-2011 1,079,381 Dec-2011 20% 215,876 Dec-2011 1,079,381 Dec-2011 28% 302,227 Jan-2012 241,146 Jan-2012 20% 48,229 Jan-2012 241,146 Jan-2012 28% 67,521 Feb-2012 1,002,660 Feb-2012 20% 200,532 i Feb-2012 1,002,660 Feb-2012 28% 280,745 Mar-2012 322,372 Mar-2012 20% 64,474 Mar-2012 322,372 Mar-2012 28% 90,264 Mar-2012 355,873 Mar-2012 25% 88,968 i Mar-2012 355,873 Mar-2012 30% 106,762 Apr-2012 542,539 Apr-2012 25% 135,635 Apr-2012 542,539 Apr-2012 30% 162,762 May-2012 101,588 May-2012 25% 25,397 May-2012 101,588 May-2012 30% 30,476 May-2012 38,280 May-2012 32% 12,250 I May-2012 38,280 May-2012 32% 12,250 Jun-2012 912,572 Jun-2012 32% 292,023 Jun-2012 912,572 Jun-2012 32% 292,023 Jul-2012 49,148 Jul-2012 32% 15,727 I Jul-2012 49,148 Jul-2012 32% 15,727 Jul-2012 220,217 Jul-2012 35% 77,076 Jul-2012 220,217 Jul-2012 34% 74,874 Aug-2012 82,514 Aug-2012 35% 28,880 I Aug-2012 82,514 Aug-2012 34% 28,055 Sep-2012 160,079 Sep-2012 35% 56,028 I Sep-2012 160,079 Sep-2012 34% 54,427 Totals $ 6,462,810 Totals $1,531,984 Totals $ 6,462,810 Totals $ 1,897,355 Difference in Proposals $ 365,372 ' I i MBCC Commission Based on Proposed Stuctures and FY2013 Actuals and Forecasts i F&B Gross Revenue MBCC Commissions I F&B Gross Revenue MBCC Commissions Month Total Month Commission% Total I Month Total Month Commission% Total Oct-2012 1,731,528 Oct-2012 20% 346,306 I Oct-2012 1,731,528 Oct-2012 28% 484,828 Nov-2012 345,834 Nov-2012 20% 69,167 J Nov-2012 345,834 Nov-2012 28% 96,834 Dec-2012 1,376,766 Dec-2012 20% 275,353 I Dec-2012 1,376,766 Dec-2012 28% 385,494 Jan-2013 229,813 Jan-2013 20% 45,963 Jan-2013 229,813 Jan-2013 28% 64,348 Feb-2013 316,059 Feb-2013 20% 63,212 Feb-2013 316,059 Feb-2013 28% 88,497 Feb-2013 681,022 Feb-2013 25% 170,256 Feb-2013 681,022 Feb-2013 30% 204,307 Mar-2013 318,978 Mar-2013 25% 79,745 Mar-2013 318,978 Mar-2013 30% 95,693 Mar-2013 539,088 Mar-2013 32% 172,508 Mar-2013 539,088 Mar-2013 32% 172,508 Apr-2013 210,000 Apr-2013 32% 67,200 Apr-2013 210,000 Apr-2013 32°x(, 67,200 May-2013 157,495 May-2013 32% 50,398 May-2013 157,495 May-2013 32% 50,398 Jun-2013 93,417 Jun-2013 32% 29,893 i Jun-2013 93,417 Jun-2013 32% 29,893 Jun-2013 9,863 Jun-2013 35% 3,452 Jun-2013 9,863 Jun-2013 34% 3,353 Jul-2013 269,644 Jul-2013 35% 94,375 Jul-2013 269,644 Jul-2013 34% 91,679 Aug-2013 79,608 Aug-2013 35% 27,863 I Aug-2013 79,608 Aug-2013 34% 27,067 Sep-2013 303,817 Sep-2013 35% 106,336 Sep-2013 303,817 Sep-2013 34% 103,298 Totals $ 6,662,932 Totals $1,602,026 i Totals $ 6,662,932 Totals $ 1,965,397 I Difference In Proposals $ 363,371 PRELIMINARY TERM SHEET (FINAL) Catering and Concession Services Agreement for the Miami Beach Convention Center Between the City of Miami Beach and ARAMARK Sports and Entertainment Services, LLC Date: May 22, 2013 TERM 1. Form of Agreement Catering and Concession Services Agreement. 2. Facilities covered under Agreement Miami Beach Convention Center the "Facility") 3. Term Three (3) year initial term commencing on July 1, 2013, and ending on June 30, 2016 (the "Initial Term"). A "Contract Year' shall be defined as the period from July 1 through June 30 of the following year (coinciding with the City's Fiscal Year). 4. Renewal Options Two (2) one year renewal options, exercisable with ninety (90) days prior written notice, at the sole and absolute discretion of the City. City, at its sole discretion, may elect to exercise both options at the same time. Each one (1) year renewal period shall be referred to herein as a "Renewal Term", and together with the Initial Term collectively referred to herein as the "Term". 5. Capital Upgrades Concessionaire shall. invest an amount not to exceed $850,000 in the Facility (the "Initial Capital Investment"). The Initial Capital Investment shall be used for improvements to the food and beverage facilities within the Facility, including, without limitation, renovations, changes, and/or modifications to improve the existing Service Areas* and Service Equipment* and/or purchase and installation of additional Facility Goods*. The Initial Capital Investment shall be made during the twelve (12) month period immediately following execution of this Agreement*, in accordance with the mutual written agreement of the parties, acting reasonably and in good-faith. Should any portion of the Initial Capital Investment remain unspent following the expiration of the Initial Term Concessionaire shall make a lump-sum payment, in the amount of such remainder, to the City, within fifteen (15) days following receipt of the City's written request therefore. The Initial Capital Investment shall be amortized and/or depreciated over the Initial Term commencing on the commencement date of the Initial Term, deployment date, or date of purchase and/or installation whichever is later. If this .Agreement expires or terminates for any reason whatsoever, with or without cause, prior to Concessionaire's complete amortization of the Initial Capital Investment, the unamortized portion of the Initial Capital Investment will be reimbursed to Concessionaire by the City or the successor concessionaire. 6. Additional Capital Upgrades Additional Capital Investment. Provided that prior to the expiration of the Initial Term the City: (i) undertakes to complete the proposed ballroom/multi-purposes space expansion within the Facility (which, for purposes of this Section shall be described as all publicly (City) owned land adjacent to the Facility in the area bounded by Washington Avenue to the east; 17th Street to the south; Meridian Avenue to the west; and Dade Boulevard to the north) (the "Ballroom"); and (ii) simultaneously exercises both renewal options, thereby extending this Agreement for a two year period following the Initial Term (the conditions set forth in items (i) and (ii) shall be referred to together as the "Ballroom Option"), Concessionaire shall invest an additional TERM amount, not to exceed $500,000, in the Facility (the "Additional Capital Investment"). The Additional Capital Investment shall be allocated toward marketing and promotional initiatives at the Facility, all as shall be mutually agreed by the parties in writing, acting reasonably and in good-faith. Should any portion of the Additional Capital Investment remain unspent by the scheduled grand opening date of the Ballroom, and/or should any portion of the Additional Capital Investment remain unspent at the conclusion of the Term, Concessionaire shall remit a lump-sum payment, in the amount of such remainder, to the City, within fifteen (15) days following receipt of the City's written request therefore. Notwithstanding the foregoing, Concessionaire shall have no obligation to make the Additional Capital Investment, or any portion thereof, unless and until the conditions for the Ballroom Option.have been met. Additionally, upon payment of the Additional Capital Investment, City shall provide turn-key food and beverage capabilities (equipment, infrastructure, fixtures, utilities, furniture, smallwares, etc) for the expanded/renovated Ballroom. The Additional Capital Investment shall be amortized and/or depreciated over the 2 year Renewal Terms commencing on the commencement date of the first Renewal Term, deployment date, or date of disbursement whichever is later. If this Agreement expires or terminates for any reason whatsoever, with or without cause, prior to Concessionaire's complete amortization of the Additional Capital Investment, the unamortized portion of the Additional Capital Investment will be reimbursed to Concessionaire by the City or the successor concessionaire. 7. Customer Satisfaction Customer satisfaction is essential to the successful operation of food and beverages services. As such, Concessionaire shall maintain its food and beverage catering and concession services at an aggregate positive customer survey score(s) at or above 93% for each contract year-end. Recovery Period: If at any time during this Agreement, Concessionaire fails to achieve 93% but achieves at least 85% of the Performance Thresholds*, then Concessionaire shall be provided six (6) months to achieve at least 93% performance thresholds and "recover' it's "good standing" status with City. Failure to maintain an aggregate positive customer survey score(s) at or above 93% after such Recovery Period as described above shall constitute an Event of Default by Concessionaire. The failure or inability by either party to observe or perform any of the material covenants or provisions of this Agreement to be observed or performed by such party, which continues for more than thirty (30) days after written notice from the other party shall constitute an event of default (an "Event of Default") hereunder; provided, however, if the nature of the failure is such that more than such period is reasonably required for its cure, then such party shall not be deemed to have committed an Event of Default if such party commences the cure within such period and thereafter diligently pursues the cure to completion and actually completes the cure within an additional sixty 60 day 2 TERM period. Concessionaire, Convention Center Manager, Greater Miami Convention and Visitors Bureau and City must all mutually agree to any changes made to the Customer Satisfaction Survey. 8. Guaranteed Commissions Concessionaire shall pay the City the greater of (i) the Commissions calculated in accordance with the commission schedule set forth in Section 9 below, or (ii) the guaranteed commission amount for such Contract Year (the "Guaranteed Commission Amount"). 'For the first Contract Year of the Initial Term, the Guaranteed Commission Amount shall equal $1,250,000, and each Contract Year thereafter the Guaranteed Commission Amount shall equal 85% of the Commissions from the immediately preceding Contract Year, not to exceed $1,500,000 in any Contract Year. For any partial Contract Year occurring during the Term, the Guaranteed Commission Amount shall be pro-rated on a monthly basis. 9. Commissions Concessionaire shall pay commissions (the "Commissions") based on Gross Receipts*, as follows: Step Tiers Commission Annual Gross Receipts[1] Percentage[2] From To %. Zero $ 4,000,000 28 $ 4,000,001 $ 5,000,000 30* $ 5,000,001 $ 6,000,000 32* $ 6,000,001 $ 7,000,000 34* $ 7,000,001 $ 8,000,000 36* $ 8,000,001 Greater 38* *Calculated on the increment. 10. Sub-Contractor Splits 3r Party Catering Catering Retail % of On- Off- Outlets ARAMARK Premise Premise Share paid to MB CC David's N/A NIA David's Prevailing Cafe 65.0% commission ARAMARK rate based 35.0% on. commission tier structure (between 28% to 38%) paid on ARAMARK's portion. RARE Rare Rare Rare Catering: 90.0% 90.0% 65.0% 50% of ARAMARK ARAMARK ARAMARK ARAMARK's 10.0% 10.0% 35.0% 10.0% -portion. Retail: Prevailing 3 TERM commission rate based on commission tier structure (between 28% to 38%) paid on ARAMARK's portion. Joy Joy Joy 50% of Wallace 85.0% 85.0% ARAMARK's Catering ARAMARK ARAMARK 15.0% 15.0% 15.0% portion. 11. Net Performance (a) Net Performance is defined as the minimum required gross revenue of the adopted annual fiscal year budget generated from Social Catering events as set during the adopted annual budget and mutually agreed upon annually. (b) The required minimum gross revenue from Social Catering events.for the fiscal year shall increase by ten (10) percent annually. (c) In any contract year, to the extent the actual net performance achieved in the fiscal year is less than the required minimum as set forth adopted annual budget, the City shall draw against the Performance Bond (herein referred to as the "Performance Shortfall"), up to a maximum of$100,000. (d) Social Catering Events shall be defined as events such as, but not limited to, banquets, galas, weddings, single day receptions, and/or dinners, without meeting or exhibition components, and single day large non-profit organization Events. 12. Capital Reserve Fund Concessionaire shall contribute an amount to a reserve fund (the "Capital Reserve Fund") equal to 1% of Concessionaire's total Gross Receipts from Food and Beverage Sales* for the immediately concluded Contract Year. Concessionaire shall use the Capital Reserve Fund for any necessary repairs, maintenance or replacements of the Service Equipment, Facility Goods, and Smallwares. Unused amounts of the Capital Reserve Fund shall be carried forward from year to year. Any funds remaining in the Capital Reserve Fund at the end of the Initial Term (and/or a Renewal Term, as the case may be) shall be paid to the City. Concessionaire will furnish the City Manager or his designee annually (no later than October 1St of each Contract Year) with a statement of amounts expended from the Capital Reserve Fund during the preceding Contract Year. 13. Marketing Reserve Fund For each Contract Year, Concessionaire will contribute to a marketing fund (the "Marketing Reserve Fund") an amount equal to the greater of $50,000 or 1.5% of Gross Receipts received by Concessionaire from the provision of Catering Services* in the immediately concluded Contract Year. The Marketing Reserve Fund shall be used by Concessionaire to promote the food and beverage offerings (catering, concessions, etc.) at the Facility. Unused amounts of the Marketing Reserve Fund shall be carried forward from year to year. Any funds remaining in the Marketing Reserve Fund at the end of the Initial Term (and/or a Renewal Term, as the case may be) shall be paid to the City. Concessionaire will furnish the City Manager or his designee annually 4 TERM (no later than October 1 S of each Contract Year) with a statement of amounts expended from the Marketing Reserve Fund during the preceding Contract Year. In each Contract Year of the Term, Concessionaire shall contribute 14. Scholarship/Community towards the continuation of a scholarship fund (the "Scholarship Fund") Contribution for qualifying in-need Miami Beach residents pursuing a career in facility management and/or the hospitality and tourism industry. The Scholarship Fund will be administered by the City and applicants will be reviewed and recommended by Concessionaire. Concessionaire will contribute annually: $20,000 to the City of Miami Beach Scholarship Fund. $20,000 to the Miami Beach Senior High School Academy of Hospitality and Tourism program. $10,000 to Miami Beach Senior Living as mutually determined. 15. Executive Staff Concessionaire to provide three (3) candidates for General Manager, Executive Chef and Sales Director positions for City review and approval, prior to hire. City shall also have prior approval of any replacement(s). 16. "Transition ing" for Concessionaire shall provide opportunities for current Centerplate Centerplate Employees 'employees to apply for employment. Hired employees shall retain seniority and receive comparable benefits (e.g. leave, etc.). Salary(ies) shall be competitive and consistent with industry standards for facilities in comparable markets. !Need to understand current pay and (benefits in order to agree to this provision. 17. Naming Rights and City reserves sole right of a pp roval over all naming and sponsorship p Sponsorships opportunities, and shall retain all revenues derived therefrom. The City has entered into an agreement with Coca-Cola Bottling, effective September 1, 2011 — September 1, 2021, to be the exclusive provider of non-alcoholic beverages and coffee products for all City owned and operated facilities. However, Coca-Cola allows for the convention center to contract someone to serve espresso shots or cortaditos that are freshly brewed on premise. This does, however, exclude any other coffee in any other form whether bottled or brewed. 16. Use of the The primary purpose of this Agreement is for provision of food and Facilities/CMB "Brand" beverage services for the Facility. Concessionaire shall not use and/or otherwise exploit the logo, trademark, identity, and overall "brand" of the Facility and/or the City without the express prior written consent of the City. This shall include, without limitation, the use of the Facility, and/or City logo, trademark, identity, and "brand" in business ventures and/or other related opportunities with Concessionaire affiliates, joint ventures, partners, contractors, and/or agents, without prior City approval. In the event of a hurricane or other natural disaster or emergency 19. Hurricane or (collectively, the "Emergency Situation"), the Concessionaire shall be Emergency Response required to provide the following: a. food, drink and drinking water for up to 1,400 persons (three meals a day) for a three (3) day period, without electricity and water available from normal utility services (the "Emergency Preparations"). Part or all of each meal shall be heated, with hot beverages to be available with each meal. One half of the 5 TERM meals (700) shall be high energy producing and fifty percent (50%) larger than the standard meals, 25% of the meals to be standard and provide normal daily caloric intake, which for purposes of this agreement is agreed to be two thousand (2,000) calories per day, and 25% to be considered vegetarian. Concessionaire is to provide food, beverages, utensils, equipment and supervisory personnel for the Emergency Situation. Concessionaire will be required to provide to the City, for the City Manager or his designee's review and approval, a menu using Concessionaire's normal inventory plus items normally used by the Concessionaire so that Concessionaire can assure delivery of the Emergency Preparations to the Facility within twenty-four .(24) hours after order. All documented costs of supplies, food, labor, and materials used in connection with the Emergency Situation, will be ' repaid to the Concessionaire by the City. The Concessionaire will be responsible for bearing all costs of possible extra inventory levels, preparation and planning. Notwithstanding anything contained herein, Concessionaire's obligations hereunder shall be qualified to the extent that any performance of such obligations would unreasonably danger any of its employees or would violate any order, rule, regulation or law of a governmental authority. 20.Waiver of Exclusivity Subject to the limitations set forth below, when reasonably requested by the City Manager or his designee, the Concessionaire shall, on not more than four (4) times per contract year, release exclusivity with respect to Catering Services for City-sponsored Events. In addition, upon request by the City Manager or his designee, Concessionaire may, at its option, release such exclusivity with respect to select non City-sponsored Events. In releasing its exclusivity, Concessionaire shall incur no costs and shall be entitled to collect such lump sum fee from such Event as may otherwise be agreed upon in writing between the Event sponsor, Concessionaire and the City. Such lump sum fee shall not be considered a part of Gross Receipts for purposes of calculating the Step Tiers, and no Commissions shall be payable with respect to such percentage or other lump sum fee. Notwithstanding the foregoing, the lump sum fee to which Concessionaire may otherwise by entitled with respect to City-sponsored Events shall be waived, upon request by the City Manager or his designee. Notwithstanding anything to the contrary herein contained and subject to the limitations set forth below, the parties agree that Concessionaire shall release its exclusivity with respect to Catering Services for the Art Basel US Corp Event; provided, however, that this release shall not preclude Concessionaire from providing Services at the Art Basel US Corp Event should Concessionaire be selected by Art Basel US Corp as its food and beverage service provider. In releasing its exclusivity, Concessionaire shall incur no costs and shall be entitled to collect ten percent (10%) of Gross Receipts from such Event (or such other lump sum fee as may otherwise be agreed upon in writing between the 6 TERM Concessionaire and the City). Such percentage or other lump sum fee shall be not considered a part of Gross Receipts for purposes of calculating the Step Tiers, and no Commissions shall be payable with respect to such percentage or other lump sum fee. City shall be entitled to collect ten percent .(10%) of Gross Receipts from the Art Basel US Corp Event (or such other lump sum fee as may otherwise be agreed upon in writing between the Art Basel US Corp and City). Notwithstanding anything to the contrary contained in this Agreement, in no event shall any waiver of any exclusive right granted by Concessionaire include or pertain to the sale of alcoholic beverages, and Concessionaire shall be the sole provider of alcoholic beverages at the Facility for all events. The attached list exemplifies Aramark's ability to engage celebrity chefs. 21. Green Initiatives Concessionaire will provide City with annual "green" report detailing information on sustainable efforts including but not limited to: recycling and composting, water and energy efficiency, use of sustainable cleaning agents, purchase of recyclable and compostable products, purchase of locally-grown, locally-produced and/or organic foods. 22. City Uses Concessionaire shall provide Catering Services to the City, as may be requested in writing from time to time, at cost. 23. Rights Subject to the terms and conditions contained in this Agreement, the City hereby grants to Concessionaire the following: (a) The exclusive right and privilege to provide the Services* at the Facility; (b) The exclusive right and privilege to use and occupy the Service Areas and to use the Service Equipment, Facility Goods, Smallwares, and Service Area Utility Systems in connection with the provision of Services at the Facility; Notwithstanding the foregoing, Concessionaire shall not have the right to provide any Services in any adjacent areas outside the confines of the Facility, except for the Miami Beach Botanical Garden if requested by the customer. The right to provide Services in such areas is reserved to the City. The rights granted to Concessionaire herein are limited to interior of facilities unless otherwise provided for herein. The selection of a Service provider for outdoor activities at the Facility shall be determined by the City, in its sole discretion; provided, however, that Concessionaire shall have exclusive rights to outdoor events and activities that are extensions of interior Events at the Facility. Without the prior written consent of City, take—out sales are strictly prohibited. Concessionaire must not utilize Service Areas or Service Equipment for off-site food functions without the specific prior written approval of City. If approval is granted by City for use of Service Areas and Service Equipment for take-out sales, all revenue derived from approved take-out sales must be included in Gross Receipts. 7 TERM Employee lounges are not areas of exclusive use by Concessionaire. 24. Operating Plan Concessionaire shall provide by March 1" of each year, all of what are subject to review and approval by the City and Facility Manager: (i) An annual operating plan for the next contract year and a five (5) year operating plan (for planning purposes only), each to meet the scope of services and objectives under this Agreement. The operating plan shall include with it a listing and detail of all third-party contracts for the inspection/maintenance of equipment that are paid from the Capital Reserve Fund. (ii) Marketing plan; (iii) A one (1) year and five (5) year proposed repair, replacement and improvement plan; (iv) A one (1) year and five (5) year proposed cleaning and maintenance program for all Service Areas, Service Equipment, smallwares, improvements and fixtures; (v) Safety and emergency management plan as it relates to potential food and beverage contamination; and (vi) Detailed product branding plan. Annual Management Plan: Concessionaire shall cooperate with the City Manager or his designee's, reasonable requests in connection with the City's preparation of an annual management plan for the Facility on or before July 1 of each contract year. 25. Pastry Operation Concessionaire shall develop and implement in-house pastry operation including all pastry production and operations, to include, but not limited to, quality preparation and presentation of pastries, desserts and baked goods, compliance with all safety and sanitation standards and regulations. Create and implement new menus and individual menu items for outlets based on current food trends and regional tastes in partnership with Pastry Chef, Executive Chef and General Manager. $100,000 of the Initial Capital Investment is . allocated to the development of an in-house pastry production. Additionally, our alliance with A Joy Wallace Catering and R.A.R.E provides us the ability to engage their respective pastry chefs and production producing high quality pastry, desserts, and baked goods. 26. Performance Bond or Concessionaire shall, on or before the commencement date of the Alternate Security Initial term, furnish to the City Manager or his designee a Performance Bond, in the penal sum as stated below, for the payment of which Concessionaire shall bind itself for the faithful performance of the terms and conditions of this Agreement. A Performance Bond in the amount of Three Hundred Thousand Dollars ($300,000.00) shall be required and be in faithful observance of this Agreement. A cash deposit, irrevocable letter of credit, or certificate of deposit may also suffice, as determined by the City Manager or his designee, in his/her reasonable business judgment and discretion. The form of the Performance Bond or letter of credit shall be as required by the City Manager or his designee. In the event that a Certificate of Deposit is approved, it shall 8 TERM be a Three Hundred Thousand Dollar ($300,000.00) one-year Certificate of Deposit in favor of the City, which shall be automatically renewed, the original of which shall be held by the City. Concessionaire shall be so required to maintain said Performance Bond or alternate security, as accepted by the City Manager or his designee, in full force and effect throughout the Term of this Agreement. Concessionaire shall have an affirmative duty to notify the City, in writing, in the event said Performance Bond or alternate security lapses or otherwise expires. All interest that accrues in connection with any financial instrument or sum of money referenced above shall be the property of Concessionaire, except in an event of default, in which case the City shall be entitled to all interest that accrues after the date of default. 27. Proposed Exhibits to Agreement Other Terms and Conditions: 1. While this proposal is intended to facilitate the parties' continuing discussions concerning the matters described herein, neither this proposal, nor the terms and conditions set forth herein (other than the terms of the immediately following paragraph), shall be binding on any party unless and until such terms are set forth in a binding, definitive agreement(or agreements) executed by all necessary parties. ARAMARK's proposal is further subject to the obtaining of all necessary corporate approval. This proposal supersedes and replaces in entirety any prior proposals submitted by ARAMARK, whether oral or in writing. 2. This proposal and its terms and conditions constitute confidential and proprietary information of ARAMARK and its affiliates and shall be maintained as confidential. This proposal may not be disclosed to any third party, other than the City of Miami employees, agents, consultants and board members in connection with their evaluation of the transactions described herein. *Term to be defined in the Agreement. F:MN FO\$ALLWiaATCDWBCC\Aramark Term Sheet Draft 1.doc 9 ew . .. . . . .. . . .. . . .. . . .. . . .. . . . . . . ° . . . . . . . . . . . . . . . . . . . .. . . . . . .. . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . ° i�Nj ` . . ° ° ° ° ° ° ° ° ° ° ° °° . . . . . . . . .° . . . . . . . . . . . . . .. . . ° . . ° ° . . . . . . . . . ° 2J o t zi IZ NZ 1 t` I Q ° ; 3 i. PRELIMINARY TERM SHEET (FINAL) Catering and Concession Services Agreement for the Miami Beach Convention Center Between the City of Miami Beach and Centerplate Date: May 22, 2013 TERM 1. Form of Agreement Catering and Concession Services Agreement 2. Facilities covered under Agreement Miami Beach Convention Center MBCC 3. Term Three (3) year initial term commencing on July 1, 2013, and ending June 30 2016. A "contract year' shall be defined as the period from July 1 through June 30 of the following ear. 4. Renewal Options Two (2) one year renewal options, exercisable with one hundred eighty 180 days prior written notice, at the mutual agreement of both parties. 5. Capital Upgrades Concessionaire shall invest an amount not to exceed $800,000 in the Facility (the "Initial Capital Investment"). The Initial Capital Investment shall be used for improvements to the Facility, including, without limitation, renovations, changes, and/or modifications to improve the existing Service Areas and Service Equipment and/or purchase and installation of additional Facility Goods (together with expenditures pursuant to Section 4.2 below, "Investment Expenditures"). Investment Expenditures made with the Initial Capital Investment shall be made during the twelve (12) month period immediately following execution of this Agreement, in accordance with the mutual written agreement of the parties, acting reasonably and in good-faith. Should any portion of the Initial Capital Investment remain unspent following the expiration of such twelve (12) month period, Concessionaire shall make a lump-sum payment, in the amount of such remainder, to the City, within fifteen (15) days following receipt of the City's written request therefore. Investment of $800,000 outlined above shall be amortized and/or depreciated on a three (3) year schedule commencing on the commencement date of the term, deployment date, or date of installation whichever is later. If the agreement expires or terminates for any reason whatsoever, with or without cause, prior to Concessionaire's complete amortization of the Investment, the unamortized portion of the Investment will be reimbursed to Concessionaire by the City or the successor concessionaire. 6. Additional Capital Upgrades Additional Capital Investment. Provided that the City (i) complete the proposed ballroom space expansion within the Center and (ii) exercises a two-year extension to the existing Agreement, commencing at the completion of ballroom space, Concessionaire shall invest an additional amount, not to exceed $500,000 ("Additional Investment"), toward marketing, promotion, innovation initiatives and foodservice capital projects; nature and scope to be mutually agreed upon, no sooner than twelve month period immediately prior to scheduled grand opening of the Ballroom. Additional Investment of $500,000 outlined above shall be amortized and/or depreciated on a two-year schedule commencing on the commencement date of the extended term, deployment date, or date of TERRA installation whichever is later. If the agreement expires or terminates for any reason whatsoever, with or without cause, prior to Concessionaire's complete amortization of the Investment, the unamortized portion of the Investment will be reimbursed to Concessionaire by the City or the successor concessionaire 7. Customer Satisfaction Customer satisfaction is essential to the successful operation of food and beverages services. As such, Concessionaire shall maintain its food and beverage catering and concession services at an aggregate positive customer survey score(s) at or above 93% for each contract year-end. Recovery Period: If at any time during this Agreement, Concessionaire fails to achieve 93% but achieves at least 85% of the Performance Thresholds, then Concessionaire shall be provided six (6) months to achieve at least 93% performance thresholds and "recover" it's "good standing" status with City. Failure to maintain an aggregate positive customer survey score(s) at or above 93% after such Recovery Period as described above shall constitute an Event of Default by Concessionaire. The failure or inability by Concessionaire to observe or perform any of the covenants or provisions of this Agreement to be observed or performed by Concessionaire, which continues for more than thirty (30) days after written notice from the City; provided, however, if the nature of the failure is such-that more than such period is reasonably required for its cure, then Concessionaire shall not be deemed to have committed an Event of Default if Concessionaire commences the cure within such period and thereafter diligently pursues the cure to completion and actually completes the cure within an additional sixty (60) day period. The City agrees that for every event, a survey is mailed and a response is requested. Scores that reference Food & Beverage where no Food & Beverage service was provided will not be included in tabulated survey scores. 8. Minimum Annual Rent Concessionaire shall pay a guaranteed minimum annual rent ("Minimum Annual Rent") of One Million ($1,000,000) for each contract year. For any partial contract year occurring during the term, the Minimum Annual Rent shall be pro-rated on a monthly basis. 9. Commissions Concessionaire shall pay Commissions based on Gross Receipts received by Concessionaire from Food and Beverage Sales during each Contract Year, as follows: Step Tiers Commission Annual Gross Receipts Percentage From To % Zero $ 4,000,000 20 $ 4,000,001 $ 5,000,000 25 $ 5,000,001 $ 6,000,000 32 $ 6,000,001 $ 7,000,000 35 $ 7,000,001 $ 8,000,000 36 2 TERM $ 8,000,001 $ 9,000,000 38 $ 9,000,001 Greater 40 *Calculated on the increment and all tiers as shown are adjusted by CPI * Same percentage rent for branded foods as the rates for Concession Food and Beverage, provided the commissions due to the City are decreased dollar for dollar for the royalty fee (typically at 5.0% to 6.0% of sales) associated with the branded food concepts. 10. Sub-Contractor Splits Concessionaire helps promote local minority businesses as part of its community support. Currently we have the following sub contractors at the MBCC; Pita Hut Enterprises, Showtime Incorporated, and Chilango's Incorporated. These sub contractors pay Concessionaire commissions ranging from 28% to 40% of their top line revenue. Sub contractors may be added and/or yearly contracts may not renewed, based on forecasted business levels and the sub contractors quality of food and service. Concessionaire's commission received from sub-contractors shall be considered part of Gross Receipts and City shall receive the prevailing commission rate based on commission tier structure (between 20% to 40%). 11. Net Performance Net Performance is defined as the minimum required gross revenue of the fiscal year generated from any events booked by Concessionaire resulting in F&B revenue. Concessionaire shall endeavor to increase its catering gross revenue for the fiscal year by five (5) percent annually. Events booked by Concessionaire are those events where the bookings have not come through the building management's sales team or the Miami Beach Visitor and Convention Bureau. In the event of any force majeure where events are cancelled through no fault of Concessionaire, the projected revenue will still be counted toward the targeted goal for the year. 12. Capital Reserve Fund Concessionaire shall contribute an amount to a reserve fund (the "Capital Reserve Fund") equal to 1% of Concessionaires total Gross Receipts from Food and Beverage Sales on a monthly basis. Concessionaire shall use the Capital Reserve Fund for any necessary repairs, maintenance or replacements of the Service Equipment, Facility Goods, and Smallwares. Unused amounts of the Capital Reserve Fund shall be carried forward from year to year. Any funds remaining in the Capital Reserve Fund at the end of the Initial Term (and/or a Renewal Term, as the case may be) shall be paid to the City. Concessionaire will furnish the City Manager or his designee annually (no later than September 1St of each Contract Year) with a statement of amounts expended from the Capital Reserve Fund during the preceding Contract Year. Investment Expenditures made with the Capital Reserve Fund must be mutually agreed upon by Concessionaire and City. 13. Marketing Reserve Fund Each Contract Year, Concessionaire will contribute an amount to a marketing fund (the "Marketing Reserve Fund") equal to the greater of an annual contribution of $50,000 or 1.5% of Gross Receipts received by Concessionaire from the provision of Catering Services on a monthly 3 TERM basis. The Marketing Reserve Fund shall be used by Concessionaire to promote the food and beverage offerings (catering, concessions, etc.) at the Facility. Unused amounts of the Marketing Fund shall be carried forward from year to year. Any funds remaining in the Marketing Fund at the end of the Initial Term (and/or a Renewal Term, as the case may be) shall be paid to the City. Concessionaire will furnish the City Manager or his designee annually (no later than September 1 St of each Contract Year) with a statement of amounts expended from the Marketing Fund during the preceding Contract Year. Investment Expenditures made with the Marketing Fund must be mutually agreed upon by Concessionaire and City. 14. Scholarship Contribution In each Contract Year of the Term, Concessionaire shall contribute $20,000 towards the continuation of a scholarship fund (the "Scholarship Fund") for qualifying in-need Miami Beach residents pursuing a career in facility management and/or the hospitality and tourism industry. The Scholarship fund will be administered by the City and applicants will be reviewed and recommended by Concessionaire. 15. Executive Staff Concessionaire to provide three (3) candidates for General. Manager, Executive Chef and Sales Director positions for City review and approval, prior to hire. City shall also have prior approval of any replacement(s), such approval not to be unreasonably withheld, conditioned or delayed. 16. "Transitioning" for Concessionaire Employees N/A 17. Nanning Rights and City reserves sole right of approval over all naming and sponsorship Sponsorships opportunities, and shall retain all revenues derived therefrom. The City has entered into an agreement with Coca-Cola Bottling, effective September 1 2011 — September 1, 2021, to be the exclusive provider of non-alcoholic beverages and coffee products for all City owned and operated facilities. However, Coca-Cola allows for the convention center to contract someone to serve espresso shots or cortaditos that are freshly brewed on premise. This does, however, exclude any other coffee in any other form whether bottled or brewed. 16. Use of the Facilities/CIVIB The primary purpose of this Agreement is for provision of food and "Brand„ beverage services for the Miami Beach Convention Center. Concessionaire shall not use and/or otherwise exploit the, logo, trademark, identity, and overall "brand" of MBCC and/or the City without the express prior written consent of the City. This shall include, without limitation, the use of the MBCC, and/or City logo, trademark, identity, and "brand" in business ventures and/or other related opportunities with Concessionaire affiliates, joint ventures, partners, contractors, and/or agents, without prior City approval. 19. Hurricane or Emergency In the event of a hurricane or other natural disaster or emergency, the Response Concessionaire shall be required to provide the following: a. food, drink and drinking water for up to 1,400 persons (three meals a day) for a three (3) day period, without electricity and water available from normal utility services (the "Emergency Preparations"). Part or all of each meal shall be heated, with hot beverages to be available with each meal. One half of the meals (700) shall be high energy producing and fifty percent (50%) larger than the standard meals, 25% of the meals to be standard 4 TERRA and provide normal daily caloric intake, which for purposes of this agreement is agreed to be two thousand (2,000) calories per day, and 25% to be considered vegetarian. Concessionaire is to provide food, beverages, utensils, equipment and supervisory personnel for the Emergency Preparations. Concessionaire will be required to provide to the City, for the City Manager or his designee's review and approval, a menu using the Concessionaire's normal inventory plus items normally used by the Concessionaire so that the Concessionaire can assure delivery of the Emergency Preparations to the Convention Center within twenty-four (24) hours after order. All documented costs of supplies, food, labor, and materials used in connection with the Emergency Preparations, will be repaid to the Concessionaire by the City. The Concessionaire will be responsible for bearing all costs of possible extra inventory levels, preparation and planning. 20.Waiver of Exclusivity Subject to the limitations set forth below, when reasonably requested by the City Manager or his designee, the Concessionaire shall, on not more than four (4) times per contract year, release exclusivity with respect to Catering Services for City-sponsored Events. In addition, upon request by the City Manager or his designee, Concessionaire may, at its option, release such exclusivity with respect to select non City-sponsored Events. In releasing its exclusivity, Concessionaire shall incur no costs and shall be entitled to collect such lump sum fee from such Event as may otherwise be agreed upon in writing between the Event, Concessionaire and the City. Such lump sum fee may, depending on the amount and agreement with the City, be considered a part of Gross Receipts for purposes of calculating the Step Tiers, and no Commissions shall be payable with respect to such percentage or other lump sum fee. Notwithstanding the foregoing, the lump sum fee to which Concessionaire may otherwise by entitled with respect to City-sponsored Events shall be waived, upon request by the City Manager or his designee. Notwithstanding anything to the contrary herein contained and subject to the limitations set forth in subsection (d) below, the parties agree that Concessionaire shall release its exclusivity with respect to Catering Services for the Art Basel US Corp Event; provided, however, that this release shall not preclude Concessionaire from providing Services at the Art Basel US Corp Event should Concessionaire be selected by Art Basel US Corp as its food and beverage service provider. Should Art Basel elect to utilize outside F&B services, Concessionaire may still provide F&B services to ancillary events such as Net Jets and UBS if requested by these vendors. In releasing its exclusivity, Concessionaire shall incur no costs and shall be entitled to collect ten percent (10%) of Gross Receipts from such Event (or such other lump sum fee as may otherwise be agreed upon in writing between the Concessionaire and the City). Such percentage or other lump sum fee shall not be considered a part of Gross Receipts for purposes of calculating the Step Tiers shown in Section 5.3(a) below, but no Commissions shall be payable with respect 5 TERM to such percentage or other lump sum fee. City shall be entitled to collect ten percent (10%) of Gross Receipts from such Event (or such other lump sum fee as may otherwise be agreed upon in.writing between the Art Basel US Corp and City). Notwithstanding anything to the contrary contained in this Agreement, in no event shall any waiver of any exclusive right granted to Concessionaire include or pertain to the sale of alcoholic beverages, and Concessionaire shall be the sole provider of alcoholic beverages at the Facility. The attached list exemplifies Concessionaire's ability to engage celebrity chefs. 21. Green Initiatives Concessionaire will provide City with annual "green" report detailing information on sustainable efforts including but not limited to: recycling and composting, water and energy efficiency, use of sustainable cleaning agents, purchase of recyclable and compostable products, purchase of locally-grown, local) - roduced and/or organic foods. 22. City Uses Concessionaire shall provide Catering Services to the City, as may be requested in writing from time to time, at Concessionaires actual cost plus 10%. Such charges shall be excluded from the calculation of Gross Receipts. 23. Rights Subject to the terms and conditions contained in this Agreement, the City hereby grants to Concessionaire the following: (a) The exclusive right and privilege to provide the Services at the Facility; (b) The exclusive right and privilege to use and occupy the Service Areas and to use the Service Equipment, Facility Goods, Smallwares, and Service Area Utility Systems in connection with the provision of Services at the Facility; Notwithstanding the foregoing, Concessionaire shall not have the right to provide any Services in any adjacent areas outside the confines of the Facility, except for the Amami Beach Botantical Garden if requested by the customer. The right to provide Services in such areas is reserved to the City. The rights set forth in Section 2.1(a) are limited to interior of facilities unless otherwise provided for herein. The selection of a Service provider for outdoor activities at the Facility shall be determined by the City, in its sole discretion; provided, however, that Concessionaire shall have exclusive rights to outdoor Events and activities that are extensions of interior Events at the Facility. Without the prior written consent of City, take —out sales are strictly prohibited. Concessionaire must not utilize Service Areas or Service Equipment for off-site food functions without the specific prior written approval of City. If approval is granted by City for use of Service Areas and Service Equipment for take-out sales, all revenue derived from approved take-out sales must be included in Gross Receipts. Employee lounge are not areas of exclusive use by Concessionaire. 6 TERRA 24. Operating Plan Concessionaire shall provide by March 1 of each year, all of what are subject to review and approval by the City and Convention Center Manager: (i) An annual operating budget for the next contract year and a five (5) year operating budget (for planning purposes only), each to meet the scope of services and objectives under this Agreement. The operating budget shall include with it a listing and detail of all third party contracts for the inspection/maintenance of equipment that are paid from the operating budget; (ii) Marketing plan; (iii) A one (1) year and five (5) year proposed repair, replacement and improvement plan and budget; (iv) A one (1) year and five (5) year proposed cleaning and maintenance program for all Service Areas, Service Equipment, smallwares, improvements and fixtures; (v) Safety and emergency management plan as it relates to potential food and beverage contamination; and (vi) Detailed product branding plan. Annual Management Plan: Concessionaire shall cooperate with the City Manager or his designee's, reasonable requests in connection with the City's preparation of an annual management plan for the Facility on or before July 1 of each contract year. 25. Pastry Operation Concessionaire supports an initiative to implement and produce fresh baked pastry offerings on-site. Create and implement new menus and individual menu items for outlets based on current food trends and regional tastes. Concessionaire agrees to train existing MBCC culinary team members to bake high quality breads, rolls, pastries, and desserts for use in marketing and serving MBCC guests. As business dictates, pastry chefs may be sent from other Concessionaire venues to train and assist production for the larger or more significant events. City agrees to provide an operational hood system for both the hot line and the previous dish machine area in the West kitchen. 26. Performance Bond or Concessionaire shall, on or before the Commencement Date of this Alternate Security Agreement, furnish to the City Manager or his designee a Performance Bond, in the penal sum as stated below, for the payment of which Concessionaire shall bind itself for the faithful performance of the terms and conditions of this Agreement. A Performance Bond in the amount of Three Hundred Thousand Dollars ($300,000.00) shall be required and be in faithful observance of this Agreement. A cash deposit, irrevocable letter of credit, or certificate of deposit may also suffice, as determined by the City Manager or his designee, in his/her reasonable business judgment and discretion. The form of the Performance Bond or letter of credit shall be as required by the City Manager or his designee. In the event that a Certificate of Deposit is approved, it shall be a Three Hundred Thousand Dollar ($300,000.00) one-year Certificate of Deposit in favor of the City, which shall be automatically renewed, the original of 7 TERM which shall be held by the City. Concessionaire shall be so required to maintain said Performance Bond or alternate security, as accepted by the City Manager or his designee, in full force and effect throughout the Term of this Agreement. Concessionaire shall have an affirmative duty to notify the City, in writing, in the event said Performance Bond or alternate security lapses or otherwise expires. All interest that accrues in connection with any financial instrument or sum of money referenced above shall be the property of Concessionaire, except in an event of default, in which case the City shall be entitled to all interest that accrues after the date of default. 27. Proposed Exhibits to Agreement Other _ The foregoing proposal shall not constitute a binding obligation of Centerplate until (i) Centerplate and the City have negotiated and executed a definitive agreement (ii) the Board of Directors of Centerplate has approved the foregoing, without regard to good faith or any other standard. _ This proposal and its terms and conditions constitute confidential and proprietary information of Centerplate and its affiliates and shall be maintained as confidential. This proposal may not be disclosed to any third party, other than the City's employees, agents and consultants in connection with their evaluation of the transactions described herein. 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