Loading...
PSA with Strategic Advisory Group Jones Lang LaSalle Acquisition YQU- 27778 StrategicAdvisoryGrou p December 14,2015 Jimmy Morales,City Manager City of Miami Beach 1700 Convention Center Drive Miami Beach,Florida 33139 Re:Professional Services Agreement dated October 19,2011 pursuant to RFP No.33-10/11 Dear Jimmy: I am excited to inform you that Strategic Advisory Group ("SAG") has entered into an agreement with Jones Lang LaSalle Americas, Inc. ("JLL") to purchase substantially all of SAG's assets. JLL and its affiliates comprise a global professional services firm that specializes in the real estate and hospitality industry with 58,000 people across 230 corporate offices worldwide in more than 80 countries. The SAG team will join the Hotels and Hospitality group that is comprised of 325 industry professionals in 22 countries. This new platform will enable us to enhance the services we offer and provide our clients access to an industry- leading group of professionals around the globe. This purchase will not change your relationship with our professionals performing the services in any way. Dan, Tom and myself will continue to service the City and honor our commitments. I have personally committed to stay with JLL for at least five years and am committed to continue to help bring your project to reality. Under the terms of the purchase agreement,JLL will purchase substantially all of SAG's assets, including its contracts. In addition, we will all become employees of JLL on or about January 4, 2016. Therefore, SAG respectfully requests that the City of Miami Beach consent to assign our contract with the City to JLL upon a successful closing. In support of this request, enclosed is a statement by JLL describing its attributes that show it is an experienced and responsible firm of good character with the technical and financial capacity to perform. Further, as explained in their statement, JLL has conducted a diligent inquiry of its current engagements relative to SAG's contracts and have found no conflicts of interest relative to assuming the contract. If, in the future, such a conflict of interest does arise JLL will promptly disclose it and propose measures to mitigate it to your satisfaction. Enclosed with this letter is a consent to assignment form for your review and execution. It is our goal to complete all contract assignments by December 23, 2015. Thank you in advance for helping us meet this objective. This is an exciting opportunity for SAG and we look forward to continuing our service to the City through JLL's enhanced platform. Please feel free to contact me at(678) 584-0705 with any questions. Yours sincerely, ci2,60 Jeffrey Sachs,Managing Partner Strategic Advisory Group,LLC 3848 Saint Annes Court s• Duluth, Georgia 30096 (678) 584-0705 phone ❖ (678) 584-0706 fax • • Consent to Assignment of Contract The City of Miami Beach ("City") and Strategic Advisory Group LLC ("SAG") hereby consent to the assignment of the contract rights and obligations of SAG under its contract with the City dated October 19, 2011 (including Amendments 1 through 8) for services related to the Miami Beach Convention Center Expansion ("Contract") to Jones Lang LaSalle Americas, Inc. upon the acquisition by Jones Lang LaSalle Americas, Inc. of SAG's assets (the "Acquisition"). The City also agrees to the extent possible under open public records laws to keep this assignment and the existence of the Acquisition confidential until notified by SAG. The City and SAG agree that in all other respects the Contract is ratified, and the terms and conditions of the Contract shall be the same as originally signed. IN WITNESS WHEREOF, the parties by their duly authorized representatives have caused this Consent to Assignment of Contract to be executed as of the date below: Date: December 14, 2015 FOR CITY: CITY OF MIAMI BEACH, FLORIDA ATTES .zo∎ "`"uti,t1,' i .. s ~ 41o4 �• �t By , t~le •�.' * ; Jimmy orale., City Manager H NCORP ORATED. FOR`, .91:CH 2b �,� STRATEGIC ADVISORY GROUP LLC ATTEST: (27- By: By: Tom Reifert, Principal Jeffrey Sachs, Managing Partner APPROVED AS TO FORM&LANGUAGE &FOR EXECUTION StrategicAdvisoryGroup 1141-6 City Attorney iZAP Date rfi) J LANG LASALLEONES . December10 2015 _.----_.....___._.......__......._._..._.. ___._.-.______.___....__..._.__.---_.._..---...._... ..... ..__.__ .... TO: Procurement Officials of current government entity clients of Strategic Advisory Group LLC ("SAG") SUBJECT: Purchase of assets of SAG by Jones Lang LaSalle Americas Inc. ("JLL"),and assignment of contracts—information about JLL Dear Sir/Madam: Jones Lang LaSalle Americas Inc. offers this statement of information for your use and consideration regarding the assignment of SAG contracts to JLL pursuant to the pending agreement for JLL's purchase of substantially all of the assets of SAG, and in support of SAG's requests for client consent thereto where required.JLL is happy to provide additional information if you deem it necessary. General: Jones Lang LaSalle Americas Inc. is Maryland corporation with headquarters and principal place of business in Chicago IL. It is a wholly owned first tier subsidiary of a publicly traded,Fortune 500 parent company, Jones Lang LaSalle Inc. (NYSE:JLL),also a Maryland corporation with headquarters and principal place of business in Chicago IL. That parent is a financial and professional services firm specializing in real estate, including hospitality and economic development projects. It has more than 230 corporate offices worldwide from which it provides services to clients in more than 80 countries. It has approximately 58,100 employees, including 33,300 employees whose costs our clients reimburse. Because it is publicly traded, it complies with Dodd-Frank and related SEC regulations as is evident from its SEC Form 10-K and other public filings. Its public web site is http://www.us.jll.com/united-states/en-us . Jones Lang LaSalle Americas Inc. itself has annual revenue of about$2.3B, and has about 20,000 employees nationwide. It is the operating company for the parent in the Western Hemisphere. It has been an experienced federal government contractor since about 2000 with some current federal contracts worth over$5M,and complies with all related regulations. It also has many other existing state and local government clients. Contractor Responsibility: Technical capability: Pursuant to the Asset Purchase Agreement the key employees of SAG who are performing its contracts will become employees of Jones Lang LaSalle Americas Inc. Moreover, JLL itself already has a robust business unit focusing on hotel and hospitality sector worldwide. Its capabilities are described on the web site at http://www.us.jll.com/united-states/en-us/services/in.clustries/hotels- hospital ity Financial capability: Jones Lang LaSalle Americas Inc. is financially strong. However, audited Financial Statements are not available for Jones Lang LaSalle Americas, Inc. because it reports on a consolidated December 10, 2015 Page 2 basis and is subsumed in the financial statements of its publicly traded parent, Jones Lang LaSalle, Incorporated (NYSE:JLL). The Securities and Exchange Commission (SEC) Form 10-K filing for the fiscal year ending December 31, 2014 for Jones Lang LaSalle Incorporated and its Forms l0-Q (the most recent available) have complete Certified Financial Statements. They can be found at http://www.jll.com/InvestorPDFs/j1l-form10k-2014.pdf . Segment reporting data regarding Jones Lang LaSalle Americas,Inc.can be found in the SEC Form 10-K on Page 73 as follows: AMERICAS-REAL.ESTATE SERVICES !a Cb ange Change in in Local IS in millions) 2014 2013 C.S.dollars Currency Leasing S .1.039.5 347.7 161.5 18% 19% Capital Markets&Hotels 266-6 213.9 47 7 22% '2% Property&Facility Management(1) 454..3 407i.. .46.8 I t% 13% Project&Development Services(1) 222.7 187.7 35.0 19% 20% Advisory.Consulting and Other • 121.6 114.2 114 10% 10% Equity earnings 0.8 0.5 0.3 60% 41% Fee revenue • S 2.109.5 • 1.306.5 303.0 17% 18% Gross contract costs 210.4 112.1 98.3 8S% 96% Total revenue S 2319.9 1 918.6 401.3 21% . % operating expenses,excluding gross contract costs S 1<890.1 " 1.62 2.5 267 6 16% 17% Gross contract costs 210.4 112.1 93.3 SS% 96% Operating income S 219.4 . 134.0 354 19%. 19% (1)Amounts adjusted to remove the impact of grass contract costs. Ind operating income margin calculated on a fee revenue basis was 10.4%for 2014 compared with 10.2%for 2013. Record of integrity: Jones Lang LaSalle Americas, Inc. has a sophisticated Code of Conduct, Ethics and Compliance program that pre-dates and complies with the Federal Acquisition Regulation requirements. No senior officers have been the subject of any criminal conviction. Neither it nor any affiliate nor any principal has ever been suspended, proposed for debarment or debarred by any government entity. Neither it nor its parent company is a party to any criminal case or any alleging tax liability. As is typical for a company of that size, the company is a party in various litigation matters arising in the ordinary course of business. To the extent that matters rise to a level of materiality to the parent company, they are disclosed in the filings with the SEC. There are none listed in the Forms 10K for FY 2014. Most of the cases are premises liability claims that arise from the company's engagements as a manager of property or facilities, usually in an agency capacity. Almost all such cases are covered by indemnity of the property owner. Most cases are covered by insurance. There are also some cases where the company is a creditor in a bankruptcy proceeding, or plaintiff suing to collect fees earned, usually against non- client property owners. From time to time the company does have disputes with some subcontractors and clients. Like any company that employs about 20,000 people, the company sometimes does have complaints and charges made by employees which may be investigated by a government employment-law related agency (e.g. federal EEOC or NLRB). The company has never been found liable for any employment charge after a full adjudication. Most are dismissed by the cognizant government agency (e.g.EEOC). Only for 2 cases has such an agency entered a finding of cause. December 10,2015 Page 3 None of the litigation matters would impair the company's financial health or capacity to perform any contract. Conflicts of interest: Other business units and personnel of JLL advise and represent various and changing owners and investors regarding commercial property in the relevant area and will continue to do so including under pre-existing contracts. JLL has conducted a diligent inquiry regarding its existing contracts. Based on the information currently available regarding the scope and subject of services under --_, the SAG contracts; ... ....... ... .......... .. ......... ..... ....... ........ .......... .. .... ..... - conflicts exist-.---JLL become apparent in the future, and take reasonable actions necessary to mitigate such conflicts to the Client's satisfaction (such as establishing fire wall procedures in addition to the Contract's confidentiality requirements and at DLL's discretion, terminating the conflicting engagement). The Client may terminate for convenience a conflicting assignment under its Contract if it deems so necessary. Insurance: Jones Lang LaSalle Americas, Inc. maintains a robust insurance program that covers all its Lang operations. While its policies are trade secret and confidential, attached are generic certificates of insurance proving current coverages of the types and amounts usually required for government contracts. JLL can provide certificates for your specific contract if necessary. If you have any questions or desire any additional information regarding either Jones Lang LaSalle Americas Inc. or its parent company, please call me at 312.228.2887 or email me at ted.tomaras @am.jll.com. JLL looks forward to serving you. (7), Ted Tomaras,Global COO and CFO Hotels& Hospitality Group JONES LANG LASALLE. Sample Insurance Certificates On the pages that follow are sample insurance certificates. AC®® DATE(MM/DD/YYYY) CERTIFICATE OF LIABILITY INSURANCE 09/25/2015 THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER,AND THE CERTIFICATE HOLDER. IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must be endorsed. If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy,certain policies may require an endorsement.A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s). c CONTACT a) PRODUCER — Aon Risk Services Central, Inc. PHONE FAX L tb Chicago IL Office (NC.No.Ext): (866) 283-7122 I(NC.No.): (800) 363-0105 -0 200 East Randolph E-MAIL ) Chicago IL 60601 USA ADDRESS: I INSURER(S)AFFORDING COVERAGE NAIC# INSURED INSURER A: American Guarantee & Li abi 1 i ty Ins CO 26247 Jones Lang LaSalle, Inc. INSURER B: RLI Insurance Company 13056 200 East Randolph Drive Chicago IL 60601 USA INSURER C: INSURER D: INSURER E: INSURER F: COVERAGES CERTIFICATE NUMBER:570059538550 REVISION NUMBER: THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED.NOTWITHSTANDING ANY REQUIREMENT,TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN,THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES.LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. Limits shown are as requested INSR ADDL SUBR POLICY EFF - POLICY EXP LTR TYPE OF INSURANCE INSD WVD POLICY NUMBER -(MMIDDIYYYYI MMIDD/YYYY) LIMITS B X COMMERCIAL GENERAL LIABILITY CGL0013640 10/01/2015 10/01/2016 EACH OCCURRENCE $1,000,000 CLAIMS-MADE ©OCCUR DAMAGE TO RENTED $1,000,000 PREMISES(Ea occurrence) MED EXP(Any one person) $1,000 PERSONAL&ADV INJURY $1,000,000 53 GEN'L AGGREGATE LIMIT APPLIES PER: GENERAL AGGREGATE $2,000,000 co POLICY r---1 JECT I X LOC PRODUCTS-COMP/OP AGG $2,000,000 OTHER: Lo r B AUTOMOBILE LIABILITY CGL0013640 10/01/2015 10/01/2016 COMBINED SINGLE LIMIT $1,000,000 to (Ea accident) , ANY AUTO BODILY INJURY(Per person) o z ALL OWNED —SCHEDULED BODILY INJURY(Per accident) d AUTOS AUTOS CO — r-. PROPERTY DAMAGE X HIRED AUTOS X NON-OWNED y _AUTOS (Per accident) :,. a) A X UMBRELLA LIAB X OCCUR AUC655447406 10/01/201510 /01/2016 EACH OCCURRENCE $5,000,000 0 EXCESS LIAB CLAIMS-MADE AGGREGATE $5,000,000 DED I RETENTION WORKERS COMPENSATION AND PEATUTE I 1 0TH EMPLOYERS'LIABILITY Y 1 N ANY PROPRIETOR/PARTNER/EXECUTIVE E.L.EACH ACCIDENT OFFICER/MEMBER EXCLUDED? N I A (Mandatory in NH) E.L.DISEASE-EA EMPLOYEE If yes,describe under DESCRIPTION OF OPERATIONS below E.L.DISEASE-POLICY LIMIT MI n DESCRIPTION OF OPERATIONS I LOCATIONS I VEHICLES(ACORD 101,Additional Remarks Schedule,may be attached if more space is required) For informational purposes only. _Si IIN CERTIFICATE HOLDER CANCELLATION kiri SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE 5 POLICY PROVISIONS. Jones Lang LaSalle, Inc. AUTHORIZED REPRESENTATIVE rDc 200 East Randolph Drive Maec9fleAvdeferD WW4444,fi:VA Chicago IL 60601 USA t Lit MI ©1988-2014 ACORD CORPORATION.All rights reserved. ACORD 25(2014/01) The ACORD name and logo are registered marks of ACORD AGENCY CUSTOMER ID: 10224682 LOC#: .4.4C-0/2131 ADDITIONAL REMARKS SCHEDULE Page _ of AGENCY NAMED INSURED Aon Risk Services Central, Inc. Jones Lang LaSalle, Inc. POLICY NUMBER See Certificate Number: 570059538550 CARRIER NAIC CODE See Certificate Number: 570059538550 EFFECTIVE DATE: ADDITIONAL REMARKS THIS ADDITIONAL REMARKS FORM IS A SCHEDULE TO ACORD FORM, FORM NUMBER: ACORD 25 FORM TITLE: Certificate of Liability Insurance Cancellation Notice The General Liability policy issued by RLI Insurance Company has been endorsed to include the following wording: In the event of cancellation, we will endeavor to give certificate holders thirty (30) days notice of cancellation via email, provided that a detailed listing of such certificate holders, including their email address, is received from the Agent or Jones Lang Lasalle within 5 business days of their notification of the cancellation of the policy. • ACORD 101(2008/01) ©2008 ACORD CORPORATION.All rights reserved. The ACORD name and logo are registered marks of ACORD AC®R®" CERTIFICATE OF LIABILITY INSURANCE DATE(MM//2014Y) `,� 1/1/2016 1 THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER.THIS CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND,EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S),AUTHORIZED REPRESENTATIVE OR PRODUCER,AND THE CERTIFICATE HOLDER. • IMPORTANT:If the certificate holder is an ADDITIONAL INSURED,the policy(ies)must be endorsed. If SUBROGATION IS WAIVED,subject to the terms and conditions of the policy,certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s). PRODUCER LOCKTON COMPANIES CONTACT 2100 ROSS AVENUE,SUITE 1400 PHONE . FAX DALLAS TX 75201 (A/C,No, Ext): I(NC,No): -MA 214-969-6700 ADDRESS: INSURER(S)AFFORDING COVERAGE NAIC# INSURER A: Trumbull Insurance Company 27120 INSURED Jones Lang LaSalle Americas,Inc. INSURER B: Twin City Fire Insurance Company 29459 1342065 200 E.Randolph Drive INSURER C: Chicago IL 60601 INSURER D: - INSURER E: INSURER F: COVERAGES JONLA02 CERTIFICATE NUMBER: 1 1333950 REVISION NUMBER: XXXXXXX THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED.NOTWITHSTANDING ANY REQUIREMENT,TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN,THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. INSR ADDL SUER POLICY EFF POLICY EXP LTR TYPE OF INSURANCE INSD WVD POLICY NUMBER (MM/DD/YYYYI(MMIDDIYYYY) LIMITS COMMERCIAL GENERAL LIABILITY EACH OCCURRENCE $ XXXXXXX -CLAIMS-MADE n OCCUR NOT APPLICABLE DAMAGE TO RENTED PREMISES(Ea occurrence) $ XXXXXXX MED EXP(Any one person) $ XXXXXXX PERSONAL&ADV INJURY $ XXXXXXX GEN'L AGGREGATE LIMIT APPLIES PER: GENERAL AGGREGATE $ XXXXXXX POLICYn PRO- JECT I LOC PRODUCTS-COMP/OP AGG $ XXXXXXX OTHER $ AUTOMOBILE LIABILITY COMBINED tSINGLE LIMIT $ XXXXXXX ANY AUTO NOT APPLICABLE BODILY INJURY(Per person) $ XXXXXXX AUTOS OWNED _SCHEDULED BODILY INJURY(Per accident $ XXXXXXX NON-OWNED PROPERTY DAMAGE $ XXXXXXX HIRED AUTOS _AUTOS (Per accident) $ UMBRELLA LIAB OCCUR EACH OCCURRENCE $ XXXXXXX EXCESS LIAB CLAIMS-MADE NOT APPLICABLE AGGREGATE $ XXXXXXX _ DED I I RETENTION$ $ WORKERS COMPENSATION A AND EMPLOYERS'LIABILITY N 46WNS15500(AOS) 1/1/2015 1/1/2016 X I STATUTE OER B ANY PROPRIETOR/PARTNER/EXECUTIVE © N/A 46WBRS15501(WI) 1/1/2015 1/1/2016 E.L.EACH ACCIDENT $ 1,000,000 OFFICER/MEMBER EXCLUDED? (Mandatory in NH) E.L.DISEASE-EA EMPLOYEE $ 1,000,000 If yes,describe under DESCRIPTION OF OPERATIONS below E.L.DISEASE-POLICY LIMIT $ 1,000,000 DESCRIPTION OF OPERATIONS/LOCATIONS/VEHICLES(Attach ACORD 101,Additional Remarks Schedule,may be attached if more space is required) . CERTIFICATE HOLDER CANCELLATION SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. 11333950 AUTHORIZED REPRESENTATIVE For Information Purposes -- Zw-1(6Z-Z4-of e; ACORD 25(2014/01) ©1988-2014 ACORD CORPORATION.All rights reserved The ACORD name and logo are registered marks of ACORD .44C4::(0/2.1"." I OAT E(MWODIYYYY) �..... CERTIFICATE OF LIABILITY INSURANCE 015 THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER.THIS CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER,AND THE CERTIFICATE HOLDER. IMPORTANT:If the certificate holder is an ADDITIONAL INSURED,the policy(Ies)must be endorsed.If SUBROGATION IS WAIVED,subject to m the terms and conditions of the policy,certain policies may require an endorsement A statement on this certificate does not confer rights to the 2 certificate holder in lieu of such endorsement(s). m PRODUCER CONTACT Aon Risk services Central, Inc. NAME: Chicago IL Office E,� (866) 283-7122 No l: {H00) 363-0105 200 East Randolph E o Is Chicago IL 60601 USA ADDR ss: I INSURER'S)AFFORDING COVERAGE NAIC a INSURED INSURER A: Illinois National Insurance Co 23817 Jones Lana LaSalle Americas. Inc. INSURER B: 200 East Randolph Drive Chicago IL 60601 USA -ENSURER C: INSURER D: INSURER E: INSURER F: COVERAGES CERTIFICATE NUMBER:570057895684 REVISION NUMBER: THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE USTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED.NOTWITHSTANDING ANY REOUIREMENT.TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN,THE INSURANCE AFFORDED BY THE POUCIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS. EXCLUSIONS AND CONDITIONS OF SUCH POLICIES.LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. Limits shown are as requested 'PA TYPE OF INSURANCE p Sly yp POLICY NUMBER a Y POLICY P WAITS (MMf O DIYYYY 4 I MIM![RVY ►1 COMMERCIAL GENERAL LIABILITY EACH OCCURRENCE DAMAGE 10 RENTED I c LAIMS-MADE OCCUR occurrence!PREMISES(Es occurrence!J MED EXP(My one person) PERSONAL a ADV INJURY •t — o GENT-AGGREGATE LIMIT APPLIES PER; GENERAL AGGREGATE trt POLICY PRO- El JECT LOC PRODUCTS-COMP/OP AGO S OTHER: AUTOMOBILE LABILn1Y COMBINED SINGLE Mr Ma accident) ANY AUTO BODILY INJURY(Per parson) Z AU.OWNED —^SCHEDULED BODILY INJURY(Peraooderu) m AUTOS AUTOS— ED PROPERTY DAMAGE u HIRED AUTOS _AUTOS (Pet accident) C 0 UMBRELLA LAB OCCUR EACH OCCURRENCE V EXCESS LAB CLAIMS•MADE AGGREGATE O ) 'RETENTION ` ED WORKERS COMPENSATIGN AND EMPLOYERS'LIABILITY YIN I STATUTE I IER ANY PROPRIETOR I PARTNER r EXECUTIVE E.L.EACH ACCIDENT OFFICERIMEMBER EXCLUDED? N I A (Mandatory In we E L.DISEASE-EA EMPLOYEE II yes desvlDs undo DESCRIPTION OF OPERATIONS below E.L.DISEASE-POLICY LIMIT _ A EPL - Primary 013813392 06/11/201S 06/11/2016 Ea Claim/Aggregate 51,000,000 Claims Made Ile SIR applies per policy terns & condi:ions DESCRIPTION OF OPERATIONS I LOCATIONS I VEHICLES(ACORD let Adddlaaal Ramesh*Schedule,may be attached E more space Is moulted) For Information Purposes Only. ti 3V M CERTIFICATE HOLDER CANCELLATION SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF.NOTICE WALL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. e-s Jones Lang LaSalle Americas. Inc. AUTHORIZED REPRESENTATIVE 200 East Randolph Drive Chicago IL 60601 USA eSZA g21115Poi,s47a0 e as 41988-2014 ACORD CORPORATION.All rights reserved. ACORD 25(2014/01) The ACORD name and logo are registered marks of ACORD r ___—_.N ® DATE(MM/DD/YYYY) "t`` Ft CERTIFICATE OF LIABILITY INSURANCE 03/19/2015 THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER,AND THE CERTIFICATE HOLDER. IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must be endorsed. If SUBROGATION IS WAIVED, subject to ii the terms and conditions of the policy,certain policies may require an endorsement.A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s). m PRODUCER CONTACT TS Aon Risk Services Central, Inc. PHONE (866) Chicago IL Office (A/C.No.Ext): 283-7122 I(A/C.No.): 800-363-0105 Ts 200 East Randolph E-MAIL Chicago IL 60601 USA ADDRESS: INSURER(S)AFFORDING COVERAGE NAIC# INSURED INSURER A: Lexington Insurance Company 19437 Jones Lang LaSalle Americas, Inc. INSURER B: 200 East Randolph Drive Chicago IL 60601 USA INSURER C: INSURER D: INSURER E: INSURER F: COVERAGES CERTIFICATE NUMBER:570057079139 REVISION NUMBER: THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED.NOTWITHSTANDING ANY REQUIREMENT,TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN,THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES.LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. Limits shown are as requested INSR TYPE OF INSURANCE ADDLt'SUER POLICY NUMBER POLICY EFF POLICY EXP LIMITS LTR INSDI WVD (MM/DD/YYYY) (MMIDD/YYYY) COMMERCIAL GENERAL LIABILITY EACH OCCURRENCE CLAIMS-MADE n OCCUR DAMAGE TO RENTED PREMISES(Ea occurrence) MED EXP(Any one person) I PERSONAL 8 ADV INJURY a, cn GEN'L AGGREGATE LIMIT APPLIES PER: GENERAL AGGREGATE cb POLICY n JECT LOC PRODUCTS-COMP/OP AGG OTHER o 0 AUTOMOBILE LIABILITY COMBINED SINGLE LIMIT in (Ea accident) , ANY AUTO BODILY INJURY(Per person) C Z ALL OWNED -SCHEDULED BODILY INJURY(Per accident) d AUTOS AUTOS ettl -NON-OWNED PROPERTY DAMAGE V HIRED AUTOS _AUTOS (Per accident) w r I d UMBRELLA UAB OCCUR EACH OCCURRENCE U EXCESS LIAR CLAIMS-MADE AGGREGATE DED I RETENTION WORKERS COMPENSATION AND I PEATUTE 0TH EMPLOYERS'LIABILITY Y I N ANY PROPRIETOR/PARTNER/EXECUTIVE ri E.L.EACH ACCIDENT OFFICER/MEMBER EXCLUDED? N/A (Mandatory in NH) E.L.DISEASE-EA EMPLOYEE If yes,describe under DESCRIPTION OF OPERATIONS below E.L.DISEASE-POLICY LIMIT A E&O-PL-Primary ' 061855915 04/01/2015 04/01/2016 Each Claim $2,000,000 Claims Made Annual Aggregate $2,000,000 SIR applies per policy terms & condi'ions DESCRIPTION OF OPERATIONS/LOCATIONS I VEHICLES(ACORD 101,Additional Remarks Schedule,may be attached if more space is required) For Information Purposes Only. The Limits as described above attach over self-insured retentions held by Jones Lang LaSalle. N CERTIFICATE HOLDER CANCELLATION SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DEUVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. Jones Lang LaSalle Americas, Inc. AUTHORIZED REPRESENTATIVE 200 East Randolph Drive Chicago IL 60601 USA t.S4 MiolseY'esttimieW roPateksasee_ffaa M= i ©1988-2014 ACORD CORPORATION.All rights reserved. ACORD 25(2014/01) The ACORD name and logo are registered marks of ACORD