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2008-26957 Resolution RESOLUTION NO. 2008-26957 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ACCEPTING THE RECOMMENDATION OF THE CITY MANAGER, PURSUANT TO REQUEST FOR PROPOSALS (RFP) NO. 42-07/089 FOR A CONCESSION AGREEMENT OF A SHARED-CAR PROGRAM FOR RESIDENTS AND VISITORS OF THE CITY OF MIAMI BEACH; AUTHORIZING THE ADMINISTRATION TO ENTER INTO NEGOTIATIONS WITH HERTZ; AND FURTHER REQUIRING THAT, ONCE NEGOTIATED, THE PROPOSED AGREEMENT BE REFERRED TO THE FINANCE AND CITYWIDE PROJECTS COMMITTEE, FOLLOWING WHICH, THE AGREEMENT SHALL BE BROUGHT BACK TO THE CITY COMMISSION FOR ITS CONSIDERATION. WHEREAS, on September 10, 2008, the Mayor and City Commission approved the issuance of Request for Proposals (RFP) No. 42-07/08, for a concession agreement of a shared-car program for residents and visitors of the City of Miami Beach, (the "RFP"); and WHEREAS, the goal of the Miami Beach Shared-Car Concept Program is to combine Transportation Demand Management (TDM) strategies and measures, which aim to reduce automobile travel demand, with support from a menu of alternative transportation arrangements; and WHEREAS, on September 11, 2008, the RFP was issued with an opening date of October 14, 2008; and WHEREAS, a pre-proposal meeting to provide information to prospective proposing companies was held on September 25, 2008; and WHEREAS, BidNet issued to 48 prospective proposers and BidSync issued bid notices to 342 prospective proposers. Furthermore, the Procurement Office contacted "Carsharing.net", a non-profit educational and promotional site supporting the car-sharing industry in North America (Canada and the U.S.), which offered to post the information pertaining to this RFP on their website. The outreach resulted in the receipt of a proposal from Hertz; and WHEREAS, on October 22, 2008, the City Manager, via a Letter to Commission j (LTC) No. 271-2008, appointed the Evaluation Committee (the "Committee"), consisting of the following individuals: • Jeff Bechdel, New Business Specialist, Miami Dade County Transit Department; • Christine Leduc, Transportation Coordinator, MB Transportation Division; • Rachel Ovadia, Miami Beach Resident, Leadership Academy Member; • Josephine Pampanas, Leadership Academy Graduate, Transportation and Parking Committee Member; • Judy Robertson, Member of Alliance for Reliable Transportation, Flamingo Park Neighborhood Association; • Elizabeth Wheaton, Environmental Specialist, MB Public Works Department; and WHEREAS, on November 17, 2008, the Committee convened and after reviewing and discussing their individual perceptions of Hertz' proposal, as well as their qualifications and experience, unanimously agreed through a motion made by Committee Chair Christine Leduc, to recommend Hertz; and WHEREAS, the City Manager has reviewed and concurs with the Evaluation Committee's recommendation. NOW, THEREFORE, BE IT 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 City Manager, pursuant to Request for Qualifications (RFP) No. 42-07/08, for A Concession Agreement of a Shared-Car Program for Residents and Visitors of the City of Miami Beach; and authorize the Administration to enter into negotiations with Hertz; and further requiring that, once negotiated, the proposed Agreement be referred to the Finance and Citywide projects committee, following which, the Agreement shall be brought back to the City Commission for its consideration. PASSED AND ADOPTED THIS /0 DAY OF becen412008. ATTEST: 91TY CLE MAY 6k APPROVED AS TO �,�•••'' •.`9�� FORM & LANGUAGE &FO EXECUTION T: EN6AWCMP � nt\RFP 42-07-08-For A Shared Car Pr g m- RE c .5' �y ity orney ate 2 Co COMMISSION ITEM SUMMARY Condensed Title: A Resolution Of The Mayor And City Commission Accepting The Recommendation Of The City Manager; Pursuant To Request For Proposals(RFP)No.42-07/08, For A Concession Agreement Of A Shared Car Program For Residents And Visitors Of The City Of Miami Beach;Authorizing the Administration To Enter Into Negotiations With Hertz. Key Intended Outcome Supported: Maintain or Improve Traffic Flow. Supporting Data(Surveys,Environmental Scan,etc.): Residents in the 2007 Community Satisfaction Survey cited traffic congestion as the second most important factor affecting their quality of life in the City. Issue: Shall the City Commission adopt the Resolution? Item Summa /Recommendation: On September 10,2008,the Mayor and City Commission approved the issuance of Request for Proposals (RFP)No.42-07/08,for a concession agreement of a shared-car program for residents and visitors of the City of Miami Beach,(the"RFP"). While formal carsharing organizations have operated for more than 20 years in Europe,the first U.S.service was introduced in 1998, in Portland, Oregon. A total of 19 nonprofit and for-profit operators have since launched programs in 30 states,serving more than 20 major metropolitan markets and dozens of college campuses. The Shared-Car Program will be a component in the City's overall effort to promote multimodal transportation options, which will help to facilitate mobility throughout the City. In order to nurture the program along as a public benefit, the City may have to provide partially subsidized parking through its parking inventory. On September 11,2008,the RFP was issued with an opening date of October 14,2008. A pre-proposal meeting to provide information to prospective proposing companies was held on September 25,2008. Bid Net issued to 48 prospective proposers and BidSync issued bid notices to 342 prospective proposers. Furthermore,the Procurement Office contacted"Carsha ring.net",a non-profit educational and promotional site supporting the car-sharing industry in North America(Canada and the U.S.),which offered to post the information pertaining to this RFP on their website. The outreach resulted in the receipt of a proposal from Hertz. After the receipt of one(1)proposal,the Procurement Office made an effort to contact all the organizations that responded to the RFP process. The Procurement Office received letters from two Carsharing organizations,ZipCar and Uhaul stating their reasons for not proposing. On October 22, 2008,the City Manager, via a Letter to Commission(LTC) No. 271-2008, appointed the Evaluation Committee. The Committee, after reviewing and discussing their individual perceptions of Hertz' proposal,as well as their qualifications and experience, unanimously agreed through a motion made by Committee Chair Christine Leduc,to recommend Hertz. ACCEPT THE CITY MANAGER'S RECOMMENDATION Advisory Board Recommendation: N/A Financial Information: Source of Amount. Acctttnt Funds: >'1:. : .. OBPI Tflta#: `: ................ Financial Impact Summary: CitV Cl k's Office Legislative Tracking: Gus L ez ext. 6641 Sign-0 s: . D. artment`D"rector. _:Mane er .. Mina GL F RC PDW JMG TAAGEN 120081September 10XConsent\Shared,4arPrograrn RFP Issuance Summary.doc MIA AGENDA ITEM � B A "N DATrc c�l Id MIAMI BEACH City®f Miami Beach, 1700 Convention Center Drive,Miami Beach,Florida 33139,www.miamibeachfl.gov COMMISSION MEMORANDUM TO: Mayor Matti Herrera Bower and Members of the City Commission FROM: Jorge M. Gonzalez, City Manager DATE: December 10, 2008 SUBJECT: A RESOLUTION OF THE MAYOR ND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, ACCEPTING THE RECOMMENDATION OF THE CITY MANAGER, PURSUANT TO REQUEST FOR PROPOSALS (RFP) NO. 42-07/08, FOR A CONCESSION AGREEMENT OF A SHARED-CAR PROGRAM FOR RESIDENTS AND VISITORS OF THE CITY OF MIAMI BEACH; AUTHORIZING THE ADMINISTRATION TO ENTER INTO NEGOTIATIONS WITH HERTZ; AND FURTHER AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE AN AGREEMENT UPON COMPLETION OF SUCCESSFUL NEGOTIATIONS BY THE ADMINISTRATION. ADMINISTRATION RECOMMENDATION Adopt the resolution. KEY INTENDED OUTCOMES SUPPORTED Improve or maintain traffic flow. ANALYSIS On September 10, 2008, the Mayor and City Commission approved the issuance of Request for Proposals (RFP) No. 42-07/08, for a concession agreement of a shared-car program for residents and visitors of the City of Miami Beach, (the "RFP"). The goal of the Miami Beach Shared-Car Concept Program is to combine Transportation Demand Management (TDM) strategies and measures, which aim to reduce automobile travel demand, with support from a menu of alternative and multimodal transportation arrangements. TDM strategies include bicycling, walking, electronic substitutes for travel such as telecommuting, and a variety of shared and public transportation strategies. The Shared-Car Program will be a component in the City's overall effort to promote multimodal transportation options, which will help to facilitate mobility throughout the City. In order to nurture the program along as a public benefit, the City may have to provide partially subsidized parking through its parking inventory. The shared-car model is a membership based program which operates with a distributed fleet of private motor vehicles parked at varying reserved locations (referred to as "pods"). Shared-Cars are made available to members primarily for hourly or other short term use through a self-service, fully automated system not requiring a separate contract for each use. The concept of operation generally is to take pods of cars and place them in different locations around the city so the user can walk from their home, condominium, or business to get the car, use it and bring it back. Commission Memorandum—RFP-42-07108, December 10, 2008 Page 2 of 6 Studies have shown that shared-car programs positively impact the community in the following ways: Environment: lower emissions, cost savings for development, less congestion, better urban design, more compact development, less energy/resources for vehicle manufacturing. Transportation system: lower parking demand, more fuel efficient vehicles, less vehicle travel, more transit ridership. Individual/Business: cost savings, greater mobility, and convenience. Neighborhood and transportation characteristics are more important indicators for car-sharing success than individual demographics of car-sharing members. The results indicate that higher levels of vehicle non-ownership, has the strongest, most consistent correlation to the amount of car- sharing service in a neighborhood. While formal carsharing organizations have operated for more than 20 years in Europe, the first U.S. service was introduced in 1998, in Portland, Oregon. A total of 19 nonprofit and for-profit operators have since launched programs in 30 states, serving more than 20 major metropolitan markets and dozens of college campuses. As of July 2008, more than 279,174 members were sharing approximately 5,838 vehicles in the U.S. Although, for-profit carsharing organizations such as ZipCar account for 22 percent of carsharing programs in the U.S. they account for 77 percent of the industry's membership and almost 84 percent of the vehicles deployed. Nevertheless, nonprofit organizations in large cities such as San Francisco, Chicago, and Philadelphia still account for almost 23 percent of the industry's membership and 16 percent of the industry's total fleet size. In recent years, both for-profit' and nonprofit startups have established more modest networks in mid-sized and smaller markets including Madison, Cleveland, Minneapolis, and Austin. The car-sharing industry is mostly local in nature and not-for profit, and those smaller organizations heavily depend on partnership support, often, government sources. The City of Miami Beach fits a model that offers higher chances of Shared-Car success as there is high density, transit available and pedestrian friendly development. In issuing the RFP, the City anticipated that car sharing vendors might not only wish to use, but might need to use City Parking facilities in order to have a successful program. Each vendor was provided the complete list of parking facilities with the RFP materials. Vendors were asked to indicate in their proposal what the payment, if any, was anticipated to be for any City facilities to be used in implementing a program. The City intends to enter into a concession agreement with a Shared-Car company with demonstrated experience in this area and with an interest in making their services available to the City. The term of the Agreement resulting from this RFP shall be for an initial term of five (5) years, with a five (5) year renewal option, to be exercised at the City's sole discretion. RFP PROCESS On September 11, 2008, the RFP was issued with an opening date of October 14, 2008. A pre-proposal meeting to provide information to prospective proposing companies was held on September 25, 2008. Bid Net issued bid notices to 48 prospective proposers and BidSync, (formerly known as RFP Deport) issued bid notices to 342 prospective proposers. Furthermore, the Procurement Office contacted "Carsharing.net", a non- profit educational and promotional site supporting the car-sharing industry in North America (Canada and the U.S.), which offered to post the information pertaining to this Commission Memorandum— RFP-42-07108, December 10, 2008 Page 3 of 6 RFP on their website. The outreach resulted in the receipt of a proposal from Hertz. After the receipt of one (1) proposal, the Procurement Office made an effort to contact the organizations that responded to the RFP process by attending the pre-proposal meeting either in person or in teleconference. The Procurement Office received letters from two Carsharing organizations, ZipCar and U-Haul stating their reasons for not proposing: ZipCar, had a major reason: 1. Their analysis indicated that Miami Beach, being a smaller market, would not be a viable investment without direct financial support. U-Haul, had two major reasons: 1. Profit sharing. 2. They are currently working on building up other markets and decided to focus on those. On October 22, 2008, the City Manager, via a Letter to Commission (LTC) No. 271- 2008, appointed the Evaluation Committee (the "Committee"), consisting of the following individuals: • Jeff Bechdel, New Business Specialist, Miami Dade County Transit Department • Christine Leduc, Transportation Coordinator, MB Transportation Division • Rachel Ovadia, Miami Beach Resident, Leadership Academy Member • Josephine Pampanas, Leadership Academy Graduate, Transportation and Parking Committee Member • Judy Robertson, Member of Alliance for Reliable Transportation, Flamingo Park Neighborhood Association • Elizabeth Wheaton, Environmental Specialist, MB Public Works Department EVALUATION PROCESS On November 17, 2008, the Committee convened and discussed the qualifications of the sole proposer, reviewing in detail the following criteria for this RFP: 1. Proposers' experience and qualifications in providing a Shared-Car Program and sustainability of business plan 25 points 2. Proposed revenue to the City 25 points 3. Strength and sustainability of operating plan 25 points 4. The Plan impact on community mobility 15 points 5. Past performance evaluation surveys 10 points Total 100 points Jeff Bechdel recused himself prior to the meeting due to work matters; however a quorum was attained. The committee unanimously nominated Christine Leduc as Chair of the Committee. Commission Memorandum— RFP-42-07108, December 10, 2008 Page 4 of 6 EVALUATION COMMITTEE DISCUSSION/MOTION In the Hertz proposal, no payment was proposed for use of City Parking spaces. Hertz proposed a share of gross revenues to the City in order to compensate for use of the City spaces. For valuation purposes, an average return to the City for a parking space is approximately $1,500 annually. This revenue varies quite widely in the City depending upon the location of the space. For the Hertz proposal the revenue loss would be approximately $150,000 on an annual basis. The off setting revenue share in year 5 of the agreement would reach its maximum of approximately $65,000. While the Evaluation Committee and the Administration recognize that the numbers in the proposal can be improved through negotiations, it is very likely that the City would not be able to recover all of its potential revenues and be in a position to discount the facility rental value for this program. The policy question for the City Commission and one that was discussed by the Evaluation Committee is if the shared car program offers enough value to advancing a reduction of car ownership in the community and the environmental benefit of that reduction to offset the use of parking spaces and some loss of revenue. The Evaluation Committee discussed the added Parking facilities that were coming on line in the next few years (City Hall Multi purpose garage, 5th and Alton garage, NWS garage) and believed that the environmental and congestion reduction benefits were greater than the concern of revenue loss and what they viewed as a temporary tightening of available parking. The Committee believed that with new facilities coming on line and the potential to reduce car ownership and therefore parking demand, the program was worth pursuing. The Committee was also satisfied that parking impacts could be mitigated by the City in that the City would need to approve all space use and that the shared car pods are dispersed throughout the City. The Committee, after reviewing and discussing their individual perceptions of Hertz' proposal, as well as their qualifications and experience, unanimously agreed through a motion made by Committee Chair Christine Leduc, to recommend Hertz. HERTZ PROPOSAL Hertz has 90 years of experience in the car rental business and has been successfully operating since 1918. The common goal among carsharing is to significantly transform mass transit systems throughout major cities, such as Miami Beach. Hertz carsharing will carry out that task by providing Miami Beach with a state of the art technology, environmentally friendly vehicles, with the highest in-house customer satisfaction featuring Hertz Member Care Center (MCC) which operates 24 hours a day, 7 days a week, 365 days a year. With one dedicated number, the Hertz MCC provides round-the-clock service to carsharing members while keeping Hertz's value model of having the lowest prices for the highest quality. Hertz' launch strategy of"Connect by Hertz" will be divided in 3 phases: Commission Memorandum— RFP-42-07108, December 10, 2008 Page 5 of 6 • Phase I, will include a marketing plan with the City, the hiring of local operations team, establishing membership goals and utilization, and the initial deploying of 30 vehicles. • Phase II, will include press announcement, expand marketing campaigns, evaluate goals/utilization, and deploy 30 additional vehicles. • Phase III, will expand on all the goals and further marketing campaigns, as well as deploy an additional fleet of 40 vehicles. Hertz' vehicles will meet or exceed a set of aggressive standards established in the categories of manufacturing/maintenance, and environmental sustainability: • All vehicles will be SmartWay Certified • 4 Star Safety Rating or better • JD market appeal rating of 855 or higher • Highway MPG of 24 or better Hertz proposed Revenue Sharing: • Year 1 —0% of gross revenue • Year 2 —2% of gross revenue • Year 3 —2% of gross revenue • Year 4 —2% of gross revenue • Year 5—3% of gross revenue The Member Care Center (MCC) will provide around the clock service to Car Share Members leveraging the existing infrastructure, answering incoming respond to e-mail inquiries, including: Enrollment, Reservations, Billing, DMV checks, Road side assistance, Dispatching enrollment, Extensions. On December 1, 2008, Hertz announced the first ever trans-Atlantic carsharing launch. Hertz carsharing will allow individuals and businesses access to a decentralized fleet of vehicles throughout an automated, self-service vehicle access system for short-term use. This global program has been in the making for over two years with more than 70 team members from across the globe working to develop and deliver a superior product that offers a user experience never before seen in the carsharing industry. Hertz created NeverLost, Hertz's customized in-car navigation system. The NeverLost unit identifies exactly where you are at any time, and shows and tells you how to get wherever you want to go, which it's included in Hertz's carsharing vehicles at no additional charge. Hertz technological additions include Simply Wheelz by Hertz, which is a discount car rental brand of The Hertz Corporation. Simply Wheelz speeds up the car rental process by utilizing online reservations and automatic rental machines or kiosks to give customers, access to their rental car without spending time in line at the counter. Hertz has a diversified fleet such as the Green Collection which reflects their model of "Reserve, Conserve, and Preserve." With the Hertz Green Collection, customers can reserve fuel efficient, environmentally friendly cars. With the introduction to the Net Promoter Score (NPS) system in 2007, Hertz is able to track customer satisfaction in real time, and take immediate corrective action if service issues arise. Hertz gives customers a toll free number to call, or website to visit, at the end of their rental. Based on customer responses (more than 30,000 every month) and Commission Memorandum—RFP-42-07108, December 10, 2008 Page 6 of 6 additional feedback, Hertz_ implement local and systematic process, service improvements, and share best practices at all locations. Hertz also implements aggressive improvement plans at locations with lower NPS scores. As a result, levels improved consistently throughout the latter half of 2007. In preparation for this global carsharing initiative, Hertz launched "Hertz Hourly Rentals" in New York City in 2007 and, later that year, in Boston. In less than 6 months both revenue and usage have seen triple digit growth. Hertz has significant experience in renting cars to the public on an hourly basis and through the use of self-service technology. POINTS FOR NEGOTIATIONS The Committee recommended the following negotiation points: 1 For this program to be effective and successful, the proposed hourly and daily rates should be more affordable and competitive than a car rental agency's rates. Better insurance benefits, including no deductible, should be provided. This would also make it more competitive when compared to a regular car rental agency. Miles should be free Citywide. Shared-car vehicles should be parked within walking distance to high demand areas and in residential neighborhoods, in parking surface lots, garages, and on-street parking spots. Vehicles should be available Citywide. 2 Shorter term contract, a three (3) year with a three (3) year option. 3 Since the City will be a partner in this venture, there should be a committee formed to help launch this project. It should be marketed in a way so that the City gets credit, not just Hertz. 4 Fleet vehicles offered should have low emission technology. CONCLUSION The Administration recommends approval of the attached Resolution accepting the recommendation of the City Manager pursuant to Request for Proposals (RFP) No. 42- 07/08, for a Concession Agreement of a Shared-Car Program for Residents and Visitors of the City of Miami Beach; and authorizing the Administration to enter into negotiations with Hertz; and further authorizing the Mayor and City Clerk to execute an agreement upon completion of successful negotiations by the Administration. T:WGENDA\2008\December 10\Consent\RFP 42-07-08-For A Shared-Car Program-MEMO.doc 1.6.Funding sources for development Funding for Hertz's carsharing initiative will come from The Hertz Corporation. The Hertz Corporation, a subsidiary of Hertz Global Holdings, Inc., is the world's largest general use car rental brand, operating from approximately 8,100 locations in 147 countries worldwide. Hertz is the number one airport car rental brand in the U.S. and at 69 major airports in Europe, operating both corporate and licensee locations in cities and airports in North America, Europe, Latin America, Australia and New Zealand. In our business operating system our strategic initiatives such as customer satisfaction, employee satisfaction and cash management demonstrates a balanced approach to achieve sustainable, long term success. In 2007, Hertz generated more than $550 million in leveraged cash flow,working capital improved by$238.6 million, liquidity, including cash and equivalents, exceeded $5 billion at December 31St, 2007 and the corporate EBITDA of$1.54 billion increased $162.8 million, or 11.8% in 2007. Hertz's dynamic cash flow can support its carsharing initiative. Research shows that customers look for a company that they recognize to ensure acceptable quality and reliability. Hertz's carsharing program allows The Hertz Corporation to effectively tap into the carsharing market as we change the future of Rent A Car and pave the way for cars on demand with an online reservation process, self-service rentals and 24/7 roadside assistance with gas, insurance and maintenance all included. At a competitive price, customers all over the globe will chose Hertz because it's a valued brand equated with the highest quality of product and service. 1.7.Fleet Size We believe we are one of the largest private sector purchasers of new cars in the world. In 2007,we operated a peak rental fleet in the United States of approximately 338,800 cars. Our purchasing power provides a competitive advantage in the acquisition and maintenance of our fleet. Purchases of cars are financed through cash from operations and by active and ongoing global borrowing programs. We maintain automobile maintenance centers at certain airports and in certain urban and off-airport areas (including the Miami area), providing maintenance facilities for our car rental fleet. Many of these facilities, which include sophisticated car diagnostic and repair equipment, are accepted by automobile manufacturers as eligible to perform and receive reimbursement for warranty work. 1.8.Impact of Carsharing) The impact of carsharing on parking- Carsharing spaces create less stress on the urban parking infrastructure. As a result, cities, businesses and governments save money. Benefits of carsharing spaces mean improved availability of parking, reduced need to construct new parking and reduced parking ratios for new development. The advantage of carsharing vehicles having their own spaces creates a domino effect, in which members decide to sell their cars, resulting in a reduction in overall driving, pollution and congestion in cities. When carsharing is in a community people tend to drive less and start to use other transportation such as biking, walking, public transportation or cabs. With each carsharing vehicle replacing more than 14 privately owned vehicles, carsharing can change the quality of life in urban communities around the world. Older vehicles are being replaced by new ones that are environmentally friendly. Lower fuel utilization means fewer greenhouse gas emissions and less traffic on the roads. Hertz Carsharing will be a critical element in establishing a transportation network in Miami Beach because it will enable residents to get rid of their vehicles while being able to serve their transportation needs. The impact of carsharing on miles traveled-Carsharing can have a major impact on the length of trips and miles traveled. Once members give up their vehicles, the automobile will no longer be 1 TRCP report 108 Carsharing: Where and How.to Succeed Charter 4 Impacts of Carsharing. 14 their only means of transportation and they will practice a more resourceful form of mobility. Reduced vehicle travel translates into major cost savings. Carsharing members make fewer trips after becoming an active member and their total mileage driven decreases.These changes have positive environmental impacts such as increased transit use, and can lead to increased reliability on riding bikes or walking which have long term health benefits. The impact on air pollution—Growing concern about the environment such as air pollution and climate change has increased the attractiveness of carsharing. A fear of destroying the air quality in our cities has prompted people to consider modes of transportation other than private car ownership-.such as carsharing. A typical fleet consists of new vehicle types, including hybrids, which helps to improve air quality and reduce greenhouse gases.All our vehicles are EPA SmartWay certified and let out extremely low emission. Less driving plus newer vehicles are huge environmental benefits in trying to reduce pollution. The impact on transit, biking and walking-Younger generations are more environmentally conscious than ever; and with their growing concern to reduce pollution and improve air quality in their cities, carsharing has become their new transit choice. Members are selling their vehicles and becoming increasingly interested in bicycling and motor scooters.Since carsharing creates less congestion there has been an influx of transit use,walking and biking by carsharing members. 1.9.Scope of Work Hertz's goals and objectives for this proposal are to provide Miami Beach with a multifaceted carsharing program that will bridge the gap between car ownership and public transportation by promoting a more livable city, reducing the number of cars on the road, and changing the way the city expands.This means more fuel efficient vehicles, less pollution and traffic congestion and more available parking. Hertz Carsharing services will provide individuals and businesses access to an automated, decentralized self service fleet of vehicles spread throughout Miami Beach. Members reserve the vehicles on the web or via a touchtone phone for as little as an hour up to a few days. A simple hourly fee includes,gas, insurance, maintenance, cleaning, a reserved parking spot as well as 24/7 roadside assistance.The components that make up carsharing include: • Membership-To join carsharing, all drivers must register and become approved to drive a vehicle. Signing up is as easy as going online and filling out a quick application. If approved, a Hertz Carsharing member can reserve a car in any city that is served by Hertz. • Self-service vehicle accessing-Carsharing allows members to reserve a car on the web or via telephone. Approved members are assigned a member number, a PIN and a "Smartcard" that utilizes RFID technology, all of which are required for the self-service reservation and rental. With the Smartcard, a member can open the doors and return the car without ever dealing with a rental center.This allows carsharing to provide service more efficiently, as the time-consuming hassle of the check-in process is eliminated. • Hourly Rates-Car sharing charges by the hour, making short trips cost effective. • Neighborhood-Based, Decentralized Locations- Hertz Carsharing vehicles will be conveniently located in "pods" or reserved parking spaces throughout an area so that they are within easy walking distance of as many people as possible. Most pods will have 2-4 vehicles. • Priced Incrementally- Hertz Carsharing members will only be charged for their reservation time if a car is returned on time.They can choose to use the vehicles for as little as an hour or as long as 7 days, but we expect 3-4 hour reservations to be typical. Billing is automatic and includes an itemized invoice,with a'discrete line item describing every transaction in detail. 15 • All-inclusive - Hertz Carsharing's simple hourly fee includes gas, insurance, a reserved parking spot, maintenance, cleaning, and 24/7 roadside assistance. • Member Care Center-The MCC will provide round-the-clock service to carshare members leveraging Hertz's existing infrastructure, answering incoming calls via a toll free number (1-877- 654-4400) and responding to e-mail inquiries directed to the Carshare Member Care Center mailbox (carsharemembercarecenter @hertz.com). Unlike our competitors, Hertz is the only company to have a 24/7 in-house Member Care Center. 2. SCOPE OF SERVICES ' 2.1.Carsharing Process Click, book, drive, the process is that simple! Residents of Miami Beach will access the web at connectbyhertz.com to learn about our services and join. Once accepted for membership, a Smartcard will be shipped to the member. Residents of Miami Beach will have access to the entire carsharing fleet in Miami Beach and across the globe. To book a reservation members access the web or use our interactive phone system to select the location, type of car and length of reservation. A confirmation email and text message is then sent to the user with additional information on how to pick-up the car and any specific information related to using the vehicle. The member then arrives at the vehicle and swipes their Smartcard across the card reader to access the vehicle. The keys are located in the vehicle; the member starts the car and is on their way. Once the member's trip is complete they return their car back to the same location, swipe their Smartcard over the reader to lock the doors and finish the reservation. An electronic invoice is automatically sent to the member via email. 2.2.Technology utilizes state-of-the-art technology from Eileo to deliver a superior user experience. The Eileo Hertz uti zes state t to 0 ogy p p system is an end-to-end solution that combines hardware, software and services that enable the end-to-end operation of carsharing. The system provides the necessary features to enable Hertz to operate a large and disseminated fleet of vehicles through secure access control of these vehicles to registered users. It also provides the necessary tools and services to operate efficiently. These key processes include the customer relationship management(including registration and customer care), the pricing, booking and billing engine,the fleet supervision and management, and the statistics and indicators required for proper business supervision and planning. The Eileo system is divided in 3 parts,the in-car system,-backoffice software and the end-user Interface. The In-Car System: Every vehicle of the shared fleet is equipped with an in-car system that includes an Onboard Computer System, to which are connected interfaces components: ■ An RFID Card Reader for user identification ■ A Smart,Control Screen Pad plus vocal instructions for user interaction ® A Smartcard Holder for parking and fuel card usage monitoring o A Hands-free Audio Kit for in-car phone assistance via the MCC A GPS to determine the position of the vehicle when needed and as permitted by law ■ A quad-band automotive GSM/GPRS modem,for real time and wireless communication between the vehicle and the back office infrastructure or the call center, A vocal and bluetooth module to provide vocal instructions.and connectivity to the end-user ■ Two CAN Bus controllers that enable CAN connectivity (through.OBD 11 connector) ® Eileo Patented Immobilizer system that enables a non invasive control of the vehicle ignition ■ A GPS/GSM antenna to provide proper signal to the GPS and GSM modules The back office software is hosted on a clustered infrastructure for a secure and efficient operation of the information system. Thanks to a collection of web services, the operator can design and 16 customize its website and manage the user experience. The infrastructure is based on a J2EE architecture that includes: • A relational database • A J2EE application server(JBoss) • A web server for web pages and services (Tomcat) • A reverse proxy server for security matters (Apache) • Customer registration and management • Booking and billing • Fleet management • Parameters and statistics • Operational flow management Aside from the website where the consumer can access the booking engine or his or her personal information (bookings, invoices history, personal info, etc.), the solution uses a large spectrum of communication channels and means to provide a smooth user experience. Email is used to confirm bookings or modifications, as well as notification of invoices. SMS alerts are sent to remind a member of a booking and provide practical information like the car license plate and location. Vocal instructions and the Smart Control Screen Pad are used inside the car to interact and help the driver. Simple actions like booking modification or cancellation can alternatively be done by phone, through the automatic IVR service or through the call center. The In-Car Screen Pad can also be used for indicating some changes (booking extension) while the user is in the vehicle. All these actions and information are handled in a multilingual, contextual and customized mode for a unique and fine- tuned user experience. How it works: The vehicles may be reserved by drivers either over the phone or on the Hertz website for time slots ranging from one hour up to several days.The reservation is communicated from our centralized server via GSM technology to the computer inside the vehicle.Then the driver swipes their Hertz Smartcard over the card reader on the windshield during their time slot.The computer recognizes the reservation for that particular driver, opens the doors, and at that point the driver retrieves the ignition key from the glove box and drives the vehicle. During the journey, the trip distance and duration data is collected by the on-board computer and reported on the driver's monthly billing statement. At the end of the trip, the driver returns the vehicle to its specific location, replaces the key in the glove box key holder,gets out, and swipes their card again to lock the doors. All vehicles can be tracked through GPS if needed and as permitted by law. Members join via the web. If accepted for membership the member will receive a personal Smartcard (RFID) and user ID. Members are then able to book a vehicle in the fleet following a number of parameters: availability, location, type of vehicle, etc. and will receive and electronic confirmation of their booking with an estimated cost. .Fifteen minutes before their booking,.the subscriber will receive an email or a SMS message on their mobile, confirming the booking, as well as providing information on the booked vehicle (license plate, location, fuel card code, etc.). The member goes to the indicated vehicle at the reserved time and swipes their Smartcard in front of the RFID Card Reader installed behind the windshield.The "identified user ID" is compared with the "authorized user ID"that has been sent through the wireless (GSM/GPRS) modem to the vehicle On Board Computer when the booking has been activated. If these IDs match, the doors are unlocked. The member can then take the car key accessible inside the car, start the vehicle, and start driving. During the booking, if necessary, the member can take the fuel card from the Smartcard Holder for refueling the vehicle. Simple actions like booking modification or cancellation can alternatively be done by phone. The user can also stop the car at any time, lock and re-unlock the doors with his or her personal card, start again the car and go on using it. 17 At the end of the booking, the user returns the car to the parking lot, and confirms the end of the booking. The member exits the car and locks it by swiping their card one last time. At that time, the vehicle sends to the server all the information related to this booking: user, start/end time, duration, mileage driven...that will generate billing information for an immediate payment via the user's credit or debit card. On top of this straight-forward scenario, multiple cases are controlled by the system. For instance, if during a booking,the user realizes that he needs more time than initially expected, he may be able to extend his initial booking through a manual call to the call center using the in car communication module. 2.3.Services Provided 2.3.1. Reservation Process First, a member decides to reserve a car. Members can reserve the vehicles on the web or via touchtone phone, 24/7, 365 days a year,through an automated process. A member can reserve a car for as little as an hour up to a few days. Visiting the website is the easiest and quickest way to make a reservation.There may be a charge to reserve a car by phone. To access a reservation a member would go to website and click "book now" on the top right corner and a page would pop up called "create a booking."The reservation page will have prompts for you to.answer such as: What time do you want to use the car? How long will you need the car?Where would you like to pick up the car and what type of car-do you prefer?A member will indicate their pick up date,time of reservation and return time.Then the member will click on find a car and select a model type.You can view the results on a map powered by Google or in list form.After selecting the previous information,you will receive a detailed breakdown of the car as well as estimated charge. A screen will pop up asking you to "book now" and confirm the reservation. We will send you an email confirmation of the rental as well as confirmation to your mobile phone. You must review this confirmation for important details of where to find the car and the fuel which it takes,with any other special instructions. Reservations can be made minutes before the desired rental period or as far as 6 months in advance. The maximum number of reservations you can make at once is 4.The earlier you book your reservation, the more likely you'll get the car you want. We would have several locations listed in Miami Beach,which would be presented to the user based on distance to the user's address. If the first a car is not available,then look at the next closest location. If you cancel within less than 4 hrs of your reservation,you will be charged the full cost of your reservation up to one day. You can extend your reservation by booking online or by phoning the MCC and if there is not another member already booked, the reservation may be extended. 2.3.2. Member Care Center(MCC) One of the distinguishing features of Hertz is the 24 hour, 7 day a week 365 days a year in house Member Care Center. The Hertz MCC provides around the clock service to members by calling one number(1-877-654-4400). MCC representatives can respond to e-mail inquiries directed to the Car Share Member Care Center mailbox (carsharemembercarecenter @hertz.com). In addition to provided support and assistances our trained MCC representatives are responsible for facilitating the enrollment process, completing DMV checks, assigning RFID cards, and dispatching enrollment packets to new members. The MCC is also responsible for: • Handling roadside assistance calls • Contacting members during their first reservation • Verifying drivers license for new candidates • Setting up customer profiles from on line enrollments 18 Assigning and mailing Smartcards and welcome kits • Verify if customer has rented 15 days after enrollment • Contacting customers for feedback via email • Contacting customers to verify if welcome kit was received • Contacting renters when car is not at location via outcalls • Mailing replacement Smartcards when original is lost/stolen • Billing inquires 2.3.3. Customer Satisfaction All customer service issues will be handled through the MCC. Hertz objective is to handle each member on an individual basis to ensure complete satisfaction. Our employees are empowered to resolve issues and make adjustments on the spot. All customer interaction will be tracked so we can constantly monitor service and make improvements. 2.3.4. Billing Billing will take place through the Eilieo system. Once a member's journey is complete an invoice will be automatically generated for the time they used the vehicle. Members will receive an email to let them know that a new invoice has been posted and they can view they invoice on the website. If an additional fee needs to be added to the members invoice that will also be posted. The members credit or debit card will be charged for the expenses they incurred. 2.3.5. GPS turn by turn navigation Each Hertz carsharing vehicle is equipped with its very own Neverlost In-Car Navigation Satellite System. If you've ever been lost, or worried about finding your way town unfamiliar destination, let the remarkable Hertz NeverLost, powered by the Magellan GPS system, be your guide.The NeverLost unit identifies exactly where you are, and shows and tells you how to get wherever you want to go. Hertz delivers this extraordinary technology throughout the U.S.to bring new ease and assurance to your driving. The best part it's included in at no additional charge. Benefits of Neverlost: • Turn-by-turn Directions, Voice &Visual: Guides you to your destination. • Miss a Turn? Neverlost quickly recalculates a new route. • Route Method: Helps you to select the route that is right for you. • Intelligent Transportation: Neverlost includes an intuitive user interface allowing faster access to thousands of pre-programmed destinations. • QuickSpelITM: Allows you to select any city or street with just a few touches of the keypad. • Instant Locate: Determines your precise location at the push of a button. • Yellow Pages: Select from a list of pre-programmed points of interest and local attractions. • Choose Your Language: Dutch, English, French, German, Italian,Japanese, Spanish, Brazilian, Portuguese, Chinese, or Korean. 2.3.6. Electronic Tolls To make carsharing even more convenient for its members Hertz has partner with American Traffic Solutions to offer PlatePass, an electronic toll payment system that allows members to utilize electronic toll collection lanes, in all vehicles. PlatePass is provided and administered by American Traffic Solutions, and American Traffic Solutions will directly bill Carclub members for the toll charges that they incur. For additional information,visit PlatePass's website at www.platepass.com or contact American Traffic.Solutions at 1-877-411-4300. 2.3.7. Services for the physically challenged Hertz carsharing will provide reasonable accommodations to accept reservations with at least twenty-four(24) hours notice for Cars equipped with hand controls. Members are not permitted to install hand controls themselves. Since hand controls do not fit every car, not all 19 types of Cars may be reserved for use with hand controls. Carclub reserves the right to substitute a Car that may be equipped with hand controls for a Car reserved by a member requesting hand controls. For hand control reservations, members must call the Member Care Center at 877-654-4400. 2.3.8. Bi-lingual website Hertz is currently developing Spanish version of our carsharing website. We expect to have this up and running during the first quarter of 2008. 2.4.Membership 2.4.1. Membership characteristics and usage patterns Current statistics for Hertz' hourly rental program indicate that vehicle member's usage is on average approximately 3.5 hours per day and three trips per month. The average miles drive per trip is 59 miles. Member patterns indicate that the majority of usage occurs on weekends and during the evening. Members use for leisure purposes is 81%. Business trips during the make up 19%. 2.4.2. Member screening and criteria Potential members will be disqualified based on the following: • License currently suspended, revoked, expired or surrendered • Conviction for reckless driving • Conviction for driving under the influence, driving while intoxicated or driving while alcohol impaired • 2 or more moving violations incurred in the previous 24 months • Failure to report accident or leaving the scene of an accident • Conviction for possession of stolen vehicle, or use of a stolen vehicle in a crime. 2.4.3. Deposit requirements There are no deposit requirements. 2.4.4. Fee requirements The only fee requirements are the one time application fee and an annual membership fee for certain plans. When an application is submitted we charge the applicant's credit or debit card. The application fee,which covers the cost of your driving record check and insurance approval, will be visible on your first bill. Within 3-7 days of mailing your Smartcard, we charge your credit card the applicable annual fee and/or monthly commitment, depending on the rate plan you selected when you applied. If your plan has an annual fee,your'credit card will automatically be charged. 2.4.5. Minimum age requirements The minimum age requirement to join is 18. For members 18-20 with no business or university affiliation there is a underage surcharge of$7 per hour and $51 per day. Standard rates apply to members 18-20 with a business or university afflation. 2.4.6. Usage polices for members To maintain a carsharing membership one must uphold good standing with the required carsharing service. Failure to follow carsharing rules will result in additional fees,which include: • $25 for returning vehicle with %tank or less at the end of the reservation • $200 for losing or taking an ignition key. Keys can cost,upward of$200 to replace. • $50 if a member takes or loses a fuel card • Car Documents Replacement-Actual replacement cost plus an administrative fee • $50 charge if a member returns a vehicle late • $20 fee will be charged for tickets and violations that have not been resolved on time 20 • $45 fee if the vehicle is not parked in its home parking location at the end of the reservation • $45 additional fee can be incurred for cleaning services. Examples of what might lead to this charge range from pet hair to cigarette smoke odor 2.4.7. Billing/Accounting requirements Major credit and debit cards are accepted. Debit card requires a visa or master card logo. Other acceptable forms of payment include American Express, Visa, MasterCard and Discover. 2.5. Pricing 2.5.1. Rates Hertz offers three pricing programs with rates as low as$9.35/hour and $65.45/day. Standard rates with no monthly fee start at$11.00/hour and $77/day. Pricing and price structure may change from time to time. When you apply for a Hertz Carsharing membership there is a onetime, non-refundable application fee of$25 and once you are approved you can choose from 3 types of plans.These programs are Connect, Connect 50, and Connect 100. The occasional driving plan is known as Connect.This is for members who do not want a monthly commitment and prefer to pay as they go. Connect 50 and Connect 100 are two pre-pay programs with $50 and $100 month commitment with discounts of 10% and 15% respectively. These plans are for members who will be driving a lot and like the idea of saving money each month. The hourly fee includes gas, insurance, maintenance, cleaning and 24/7 hour roadside assistance. Pricing also includes a free parking spot, free GPS, free gas up to 180 miles and an iPod adaptor. ^f Connect on�ect50 onnect 100 Prod�uGt/Service A NolMon.thly Fee :$50/month $100%mon:th _� Discount None 10%. 15% GPS Free Free -Free ,Electronic Toll`s l Cost.of to.l;l� Cost of toll Cost dftoll iPod Adaptor Free Free Free Annual Membership $SO Free. ;� Free Application Fee $25 $25 $25 Damage' aiver _ Included F_�Included '' Included J Deductable $250 -.$250 $250 ;Liability Protection at.state mandated T 'i - ! - T �� - E. Included:' �, Included Included min,in imum ievels w_ 3 � --. ---X-- ---- - � --- -- Free miles after($0.45/mile) 180/day - 180/day .. 180/day LFuel - --- --- - - - - -- - Free _- j� . Free. _ _ Free --- y r Hourly Rates Starting at: $11.00 $9.90 $9.35 ;Daily Rates Starting $?i7`00 _ $_69 30- 24-hr Roadside Assistance Included Included Included 2.5.2. Insurance The Hertz carsharing membership includes Liability Protection at the level mandated by the automobile financial responsibility law of the jurisdiction in which the accident occurs and protection for damage to or loss of the Car for the full value of the Car. The protection provided with membership will conform to the basic requirements of any applicable mandatory "no fault" law, but does not include "uninsured motorist," "underinsured motorist," "supplementary no fault," or any other optional coverage. To the extent permitted by law, Carsharing and you hereby waive and reject the inclusion of uninsured motorist, underinsured motorist, supplementary no fault,or any other optional coverage. If such protection is imposed by 21 operation of law, then the limits of such protection will be the minimum required for primary liability protection by the law of the jurisdiction in which the accident occurs. The protection is primary with respect to any insurance coverage that you or an Authorized Operator may have. The Liability Protection included with membership has a $250 deductible for damage to a Car. This means that members are responsible for the first$250 of damages to the Car. Hertz intends to offer third party provided supplemental liability insurance, personal articles insurance, and personal effects coverage in the jurisdictions where it operates carsharing upon obtaining approval for the offering of such products from the appropriate regulators. 2.6. Fleet 2.6.1. Vehicle types Hertz is proposing to implement the Carsharing program in Miami Beach with 100 vehicles.The vehicle makes and models would be selected in coordination with the city to meet the needs of its residents. Hertz would work with Miami Beach to place vehicles in designated parking lots around the city.Vehicles placed around Miami Beach would be identified by the Hertz Carsharing logo. Additional vehicles would be added as utilization reaches mutually agreed upon targets. Hertz Carsharing prides itself on using green, clean and fuel-efficient vehicles. Our fleet consists of gas-electric hybrids and other high MPG vehicles.All Vehicles will be SmartWay certified. Hertz recommends a mix of vehicle types consisting of Toyota Camrys, Ford Escapes, Mazda 3s, Toyota Priuses and Mini Coopers.We insist on having a fleet with small to mid size vehicles so its easy to navigate in city traffic, easy to park and seat 4 people comfortably while having extremely low emissions. All of these vehicles have a 4 Star Safety Ratings or better,JD market appeal ratings of 840 or higher and Highway MPG of 24 or better. Example of Fleet: City Highway Safety NHTSA Air Pollution Greenhouse Models Volume MPG MPG Certification Ratings Score Gas Score Mazda 3 15 23 31 Smartway 4 9.5 7.7 Certified 08 Toyota Smartway Prius 15 48 45 Certified 08 4 9.5 4 Toyota 5 21 31 Smartway 5 . 9 7.3 Camry Certified 08 Mini 0 26 34 Smartway 4 7 6.3 Cooper Certified 08 Ford Pending 5 18 24 Smartway 4 7 9.6 Escape Certified 09 Tota 1 40 31.50 35.38 above 4 stars 9.13 .6.50 Fleet 2.6.2. Maintenance/vehicle servicing Vehicles will be serviced and maintained through Miami Hertz Rent A Car operations. Oil changes and other routine maintenance are performed in accordance with the manufacturer's recommendations. Other maintenance such as tire rotations and replacements, tune-ups and oil 22 changes are performed either per manufacturer's specifications or more often, if necessary. Since we typically only keep vehicles for three years,the amount of non-routine maintenance work required is minimal. Hertz complies with inspection and emissions laws in the jurisdictions that we serve. Also, Hertz will have representatives who conduct Bi-weekly Quality Control Checks and go through a 19 P oint checklist to review vehicle cleanliness operations and equipment. If drivers notice a maintenance concern,they should call the Member Care Center to report it. In situations that compromise driver safety, vehicles will immediately be taken out of service until they are repaired. Hertz will clean its carsharing vehicles at least once every two weeks.The exterior will be washed either at a conventional car wash or a Hertz Rent A Car location.The interior of each vehicle will be vacuumed, the floor mats shaken out, the windows washed, the dashboard and the tires polished, high usage areas will receive special attention, and litter will be removed. Vehicles that require attention will also be cleaned outside of the regular cleaning schedule. In addition to Hertz's scheduled cleaning efforts, members sometimes choose to take our vehicles through a car wash. In such cases,the member is reimbursed for costs and also receives a driving credit for helping us to keep the vehicle in top form 2.6.3. Vehicle life Vehicles will typically be decommissioned as follows: v 36,000 miles e 3 years • Damage over$5,000 2.6.4. Parking arrangements Hertz will work with the city to select the best possible locations outlined in the RFP. City will provide parking for vehicles at no cost to Hertz. Each parking spot will be branded with the Hertz Carsharing logo. Highly visible signposts with information on carsharing will be placed at each of the parking spaces to designate it as an official carshare parking space.Stencils on the pavement will be added as well to help members remember where to find and return the cars. Parking garage will need to accessible 24.7.365. 2.6.5. Location of vehicles The City of Miami Beach operates 64 surface parking lots; however,the best fit for Carsharing vehicles is in parking garages. For Phase 1, the Hertz fleet will be placed in 4 parking garages in Miami Beach that are accessible 24/7, locations to be determined. The following criteria will be utilized to select locations: • Security • High residential area • Accessibility 24/7/365 • Egress and ingress • Visibility • Partnership opportunities with apartments/condos • Signage potential for marketing opportunities • Remember parking= advertising 23 2.6.6. Mobility Partners Hertz has partnerships with over a hundred organizations across the globe. Partnerships include Amtrak, Rail Europe, Marriot,AAA,visitflorida.com, National Parks Foundation. For more details on service partners, please visit our website at www.hertz.com and click on partners. 3. IMPLEMENTATION AND OPERATING PLAN 3.1. Operations and implementation team Griff Long(Senior Director-Global Carsharing) Leading the global Carsharing initiative is Hertz veteran and former Flexcar, Vice President of Operations, Griff Long. Mr. Long previously worked at Hertz for 15 years where he had responsibility for over 60 locations, 7,500 vehicles and approximately 600 employees producing over $120 million in revenue. After leaving Hertz, Mr. Long became the Vice President of Operations at Flexcar(now the present day Zipcar)where he provided them with strategic,fiscal, and day-to-day leadership over all aspects of operations, sales, business development, and account acquisition/ negotiations/management. Mr. Long now leads Hertz's carsharing operations. His role at Hertz has been to expand the Hertz vision while overseeing every aspect of daily operations globally. Mr. Long holds a BS in Management Science from Bridgewater State College. Jackie Vander Ploeg(Market Development Manager) Ms.Vader Ploeg is responsible for new market development including sales, marketing and promotions. Prior to joining Hertz Ms.Vander Ploeg served as the Marketing Manager for NY Waterway Ferry Corp from January 2007-August 2008. She joined Palisades Financial as a Marketing Manager in February of 2005. Mr.Vander Ploeg holds a Bachelors degree in Business from Delaware Valley College. Laura Poznanski (Quality Assurance Specialist) Ms. Poznanski is responsible for fleet implementation and quality assurance for all new market launches. Working closely with IT and other cross function department Ms. Poznanski tests user experience including website,vehicle technology and phones systems. Prior to joining the carsharing team Ms. Poznanski worked in the national sales department of Hertz Equipment Rental Corp.for five years. She holds a Bachelor of Science in Business Administration with ten years of working experience. Jaclyn Raineri (Market Development Specialist) Ms. Raineri is responsible for new market development including coordinating marketing promotions and developing partnerships with local businesses, universities and community organizations to promote carsharing. In addition, Ms. Raineri is responsible for all training and coordinating new market launches. Prior to joining Hertz, Ms. Raineri worked at Dan Klores Communications, a public relations agency, where she worked as a publicist on several accounts and specialized in media relations, event planning and crisis management. She holds a Bachelor of Art in Public Relations with an emphasis on Marketing from Quinnipiac University 3.2. Local Operation Team Prior to launch, Hertz will hire three team members to head up the local operations. This will in include a General Manager, and 2 Market Development Specialist. The General Manger will be responsible for all day-to-day operation including P & L, membership acquisition,fleet management and other functions that typically included with the General Manager title. Market Development specialist will be assigned target neighborhoods with the objectives of developing membership, monitoring vehicle utilization and training and hiring part-time marketing professional to assist with member events and guerrilla marketing efforts. 24 3.3. Launch strategy Hertz Carsharing is proposing to launch a three-phase role out plan in the city of Miami Beach in January 2009. Phase I -30 vehicles would be placed in the City of Miami Beach at mutual agreed upon locations. Vehicles would be placed in a tight cluster all within a one-mile radius and less than a 5-minute walk between vehicles. All 30 vehicles would be-placed and operational within 30 days of signing an agreement. Phase II (30-60 days)—30 additional vehicles would be added to fleet and deployed,in additional clusters around phase I locations. Vehicle usage patterns would be reviewed from phase I to help determine best locations. Additional vehicles will be added to area that are achieving highest utilization. Phase III (60—90 days)—40 more cars would be placed reaching critical mass in the City of Miami Beach. Again, utilizing usage patterns from phase I and II and additional vehicles would be deployed in areas that are reaching highest utilization. With 100 vehicles deployed in less than 90 days,The City of Miami Beach would have a fully deployed carsharing program that is sustainable and achieving the city goals of combining Transportation Demand Management strategies and measures, which aim to reduce automobile travel demand, with support from a menu of alternative transportation arrangements. Project time line: December 08 January 09 February 09 March 09 ,n � In � "IYhast,'h�R ,v 7F7F v; mot:_ z t 4s �Q811nChwY;. 3.4. Marketing plan Hertz's marketing efforts and advertising campaigns throughout the years helped to build a solid foundation for the brand. The Hertz brand is highly recognizable amongst its consumers and that can be traced back to our strong marketing strategy. Hertz has developed awareness in the automobile industry, built credibility and a positive disposition toward the Hertz brand, delivered 25 consistent customer service and quality of our products and maintained focus on effective utilization of time and money. For the launch of Carsharing in Miami Beach, Hertz proposes a localized marketing strategy. By penetrating the community with focused local marketing, we will create awareness of the Hertz Carsharing service. Along with marketing,there would be a significant amount of publicity needed. Public relations would be essential in gaining exposure.Through press,TV and radio we would leverage the brand by creating positive name recognition. Non-profit environmental groups and bicycle and pedestrian advocacy groups are worthwhile channels to target as well., Most people are not aware of the cost of owning their own vehicle and do not know the environmental risk of owning a car. Holding local events in the community such as coffee shops, neighborhood street fairs and convention centers may be valuable exposure.This is where you can engage people and gain members. Another alternative is door to door marketing where you would have the opportunity to explain carsharing to people that live close to where the cars are parked.The goal is to target neighborhoods where people are only within a 10 minute walk to the pods. Using indirect marketing, such as cultivating partnerships with transit agencies and local government agencies could help initiate good will in the community.At Hertz we feel its important to partner with transit agencies because we can collaborate and create a total mobility plan to reduce congestion, pollution and parking constraints in Miami Beach. In addition our marketing plan will include the following: Pre-Launch marketing- 2 weeks prior to launch,the local operation team will begin marketing around placement of vehicles. This will include collaborating with The City of Miami Beach to seek potential partners such as local business, and organizations such as TMA's and Downtown partnerships._Recruiting members and offering free join promotions through direct mail to include free one-year memberships. Launch Event—host a special event geared nearly exclusively for media coverage with key note speaker to generate coverage among print and broadcast media to increase awareness of and identification with cost and convenience of carsharing. As well as issuing a news release including information about the number.of and placement locations of new vehicles, leveraging high cost of vehicle ownership, high gas prices and environmental impact. Media - Using transit advertising, both interior and exterior, would target exteriors for bus routes that travel through highly trafficked neighborhoods and downtown as well as interiors for bus routes that service neighborhoods with strong Flexcar presence. Target paid media such as performing arts magazines,gay/lesbian newspapers, and other local outlets. Member Events- Develop targeted demographic.and geographic zones, defined by zip code and/or neighborhood jurisdiction, or by the intersection of high transit, low car ownership and multiple Hertz locations. Integrated and coordinated outreach campaign including, member socials at local local restaurants and common gather places with the objective of recruiting new members. Direct Mail -Target dense/high occupancy buildings in zone and send direct mail pieces with discount promotions,join free, coming soon brochures. 26 Guerilla Marketing-We would position street teams at events to handout fliers and promote the service. Retail Partnerships—Partnering with local retailers in the communities such as coffee shops and other businesses at which the public gathers. Hertz may provide discount promotional opportunities for customers of retail establishments. Point of Sales—brochure racks Rack cards @ Metro stops and participating neighborhood partners could include the following: • Coffee sleeves • Pizza boxes • Posters at residential real estate and other locations • Postings on neighborhood bulletin board • Community paper advertisements • Bus and rail advertising in select and geographically targeted areas. Public Speaking engagements—Attend Neighborhood Council Meetings and provide education on carsharing . Branding—One of the best ways to market carsharing is by having the vehicles seen on the streets. Carsharing vehicles are one of the simplest ways to gain exposure and advertising. Therefore,to the extent permitted by Miami Beach and allowed under Florida law, vehicles will be branded with a subtle Hertz carsharing logo. Additionally, all vehicle parking locations will branded,with the Hertz logo for identification and advertising. If agreeable, signs will also include a brochure rack for potential members to obtain information on Hertz carsharing. 4. BUSINESS PLAN 4.1.Revenue sharing Introducing carsharing to a new market requires a substantial investment, in some cases, over a million dollars. That said Hertz is willing to participate in a revenue sharing model as follows: Year 1—0%of gross revenue Year 2—2%of gross revenue Year 3—2%of gross revenue Year 4—2%of gross revenue Year 5—3%of gross revenue The objective of this model is to allow Hertz to establish a presence in Miami Beach during the first year using all revenue to fund future growth and cover start up cost. Hertz projects to reach a positive gross margin in the 3rd quarter of 2009,which will allow Hertz to begin sharing revenue with the City of Miami Beach during years 2-4. As the business develops, Hertz will hope to have recouped all start-up costs and have a positive contribution. As a result in year 5, Hertz will increase the percent of gross revenue paid to the City of Miami to 3%. Payments will be made on an annual basis. 4.2.Preliminary capital proforma This preliminary proforma includes revenue projections for the first 5 years of operations as well as estimated revenue paid to the city of Miami Beach. These projections are based on assumptions that we cannot and do not guarantee. We similarly cannot and do not guarantee performance or results. These projections may not prove to be accurate. 27 City of Miami'Beach Revenue Pr-oforma. 20-09 2010 2011 2012 2013 Totazl Net Revenue $ 463 000 $1,204,000 $1,750,000 $ 2,007,000 $2,191,000 $7,615,000 Concession % 0% 2% 2% 2% 3% Concession Payment $ _$24;080 $_35000 $40,140_ $65,730 $164,950 4.3.Hertz Financials For 2007, Hertz achieved record worldwide revenues of$8.69 billion, an improvement of 7.8%over 2006; a 210 basis point improvement in adjusted direct operating expenses as a percentage of revenues; income before taxes and minority interest of$386.8 million, up 92.8%; adjusted pre-tax income of$660.7 million, up 35.8%. Net income more than doubled to $264.5 million; adjusted net income of$409.8 million, up 36.7%. Diluted earnings per share of$0.81 versus$0.48 per share in 2006; adjusted diluted earnings per share of$1.26, compared with $0.92 in 2006. Cash Management of The Hertz Corporation: • In 2007, Hertz generated over$550 million in leveraged cash flow • Working capital improved by$238.6 million • Liquidity, including cash and equivalents, exceeded $5 billion at December 31St, 2007 • Corporate EBITDA of$1.54 billion increase$162.8 million, or 11.8% in 2007 Please see below for proven record of Hertz Rent A Car financials for the past three years. Historical Segment Income Statement ($ in Millions) CAGR 2005 PF 2006 ACT 2007 ACT 05PF-07 Rent A Car Revenues: $6,046.80 $6,378.00 $6,920.60 7.0% %of Growth 9.8% 5.5% 8.5% Expenses: Direct Operating and Selling, General, and Administration $3,908.60 $4,061.60 $4,246.70 4.2% Depreciation of Revenue Earning Equipment 1,398.50 1,495.00 1,698.60 10.2% Total Expenses Before Interest $5,307.10 $5,556.60 $5,945.30 5.8% Interest Expense, Net $337.80 $349.10 $370.30 4.7% Adjusted Pre-Tax Income $401.00 $472.30 $605.00 22.7% %of Revenues 6.6% 7.4% 8.7% Corporate EBITDA $575.00 $653.40 $737.90 1 13.3% %of Revenues 9.5% 10.2% 10.7% For more details on Hertz financials please see enclosed 10-K and The Hertz 2007 annual report included in this binder. 28 s' 00 s � CL O =t N a m Um o � LU Z T s o W u O � z 'A x •a a F KNEW At ��� Z ``,��,'��,���•• �i-4•`r qt r � � 1�3i�eA r}x'-s�'W"�-e. �i,F f"'"�+�-�#`�-�.�:. 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