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Concession Agreement with DECO BIKE, LLC.2023-32903 CONCESSION AGREEMENT BETWEEN THE CITY OF MIAMI BEACH,FLORIDA AND DECO BIKE,LLC. FOR THE IMPLEMENTATION,MANAGEMENT,AND OPERATION OF A SELF-SERVICE BICYCLE RENTAL &SHARING PROGRAM 1 CONCESSION AGREEMENT BETWEEN THE CITY OF MIAMI BEACH,FLORIDA AND DECO BIKE,LLC. FOR THE IMPLEMENTATION,MANAGEMENT,AND OPERATION OF A SELF- SERVICE BICYCLE RENTAL &SHARING PROGRAM THIS CONCESSION AGREEMENT (the "Agreement")made on January __, 2025 with an effective date of January 1,2025 ("Effective Date"),between the CITY OF MIAMI BEACH,FLOR ID A,a municipal corporation of the State of Florida,having its principal address at 1700 Convention Center Drive,Miami Beach,Florida,33139 (hereinafter called the "City"),and DECO BIKE,LLC.,a Florida limited liability corporation, whose address is 41 NE 17"Terrace,Miami,Florida 33132 ("Concessionaire"). WITNESSETH WHEREAS,based upon the longstanding and satisfactory performance record of Concessionaire under the prior concession agreement,dated July 15,2009 (the "First Concession Agreement"),including its ability to generate revenues for the City,on October 18,2023,the Mayor and City Commission adopted Resolution No.2023-32803,accepting the recommendation of the Finance and Economic Resiliency Committee,which recommended extending the First Concession Agreement for five (5)more years,and waiving,by 5/7"vote,the formal competitive bidding requirement in Section 2-367(e)of the City Code,finding such waiver to be in the best interest of the City,and authorizing the City Manager to negotiate and execute a new Concession Agreement with Concessionaire,for the Implementation,Management,and Operation of a Self-Service Bicycle Rental &Sharing Program;and further approving the terms of the Sponsorship Agreement between Concessionaire and Citibank,authorizing the operation of the Program under the title sponsored name of "Citi Bike". NOW THEREFORE,in consideration of the premises and the mutual covenants and conditions herein contained and other good and valuable consideration, the receipt and adequacy of which are hereby conclusively acknowledged,it is agreed by the parties hereto as follows: SECTION 1.RECITALS. The above recitals are true and correct and are incorporated herein by reference as part of this Agreement. SECTION 2.DEFINITIONS. "City"shall mean the City of Miami Beach,a Florida municipal corporation having its principal offices at 1700 Convention Center Drive,Miami Beach,Florida 33139. "City Manager"shall mean the Chief Administrative Officer of the City.The City Manager shall be considered to include any duly authorized designee(s),including,but not limited to, the City's Contract Manager,and shall serve as the City's representative to whom 2 administrative requests for approvals shall be made and who shall issue authorizations (exclusive of those authorizations reserved to the City Commission). "Contract Manager"shall mean the individual appointed by the City Manager who shall be the City's authorized representative to coordinate,direct,and review on behalf of the City, all matters related to the Program,except as otherwise provided herein.For purposes of this Agreement the City's Contract Manager shall be the City of Miami Beach Parking Department Director. "Concessionaire"shall mean Deco Bike,LLC,a Florida limited liability company.When the term "Concessionaire"is used in this Agreement,it shall be deemed to include any subconsultants,subcontractors,and any other person or entity acting under the direction or control of Concessionaire. SECTION 1.TERM. 1.1 The term of this Agreement shall be for a period of five years (5)Contract Years,commencing on January 1,2025 ("Commencement Date")and ending at 11:59 p.m.on December 31,2029 (the "Term"). 1.2 (Intentionally Omitted) 1.3 For purposes of this Agreement,the first "Contract Year"shall be defined as commencing on the Commencement Date and thereafter continuing for twelve (12)full calendar months,ending on the last day of the 12"full calendar month. Thereafter,each subsequent Contract Year shall be defined as that certain 365 day period commencing on the first day of the calendar month following the end of the prior Contract Year. SECTION 2.CONCESSION AREA(S)AND CONCESSION SERVICE ZONE. The City hereby grants to the Concessionaire the right,during the Term of this Agreement,to Implement,Manage,and Operate a Self-Service Bicycle Rental &Sharing Program using a combination of docked regular bicycles and docked electric-assisted bicycles ("E-Bikes")(each a "bicycle"and collectively the "bicycles"),as more particularly described herein (the "Program"),generally,in the following Concession Service Zone and,specifically,upon the following Concession Areas (hereinafter such areas shall be referred to individually as a Concession Area,or collectively as the Concession Areas): 2.1 Concession Service Zone. The Concession Service Zone shall be defined as the geographical scope of the Program,which is deemed to be Citywide,and individually shall include all the Concession Areas (individually referred to as a "City Property"or collectively as "City Properties"),as more particularly delineated in Exhibit 2.2 within the city limits of the City of Miami Beach. 2.2 Concession Area(s). The Concession Areas are the actual physical site locations for the Program rental kiosks as designated by the City Manager,in the City Manager's sole discretion,to be used exclusively for the Program,as delineated in Exhibit 2.2 (Typical Concession Area Site Plan and Concession Area Site List),incorporated herein by reference and attached hereto. In selecting the Concession Areas for this Agreement,the parties shall give consideration to minimizing the impact upon the available number of public parking areas/spaces in the City.Any change in the location of the Concession Areas shall be subject to the prior 3 written approval of the City Manager,in the City Manager's sole and absolute discretion, and Exhibit 2.2 shall be amended to reflect the approved change to the Concession Areas. Additionally,any approved removal of an existing Concession Area and/or creation of a new Concession Area shall be performed at Concessionaire's sole cost and expense,with the removal of an existing Concession Area being performed in conformance of the terms set forth in Subsection 13.7. 2.2.1 In the event that an approved Concession Area is subsequently found to be unsuitable for a kiosk location,Concessionaire and the City shall cooperate to find a replacement Concession Area;however,in the event the parties cannot reach agreement,the decision of the City Manager shall prevail. 2.2.2 Underutilized Concession Area(s). Upon written request by Concessionaire to the City Manager and upon Concessionaire presenting usage data for that Concession Area which indicates that the quantity of daily rentals or member uses originating from or returning to that Concession Area falls 50%below the Average Program Usage (as defined herein),or as may otherwise be reasonably demonstrated by Concessionaire to the satisfaction of the City Manager, the City Manager may deem a Concession Area an "Underutilized" Concession Area.The "Average Program Usage"(APU")shall be defined as the average number of bicycle trips/uses per day per kiosk operating in the Program during a given calendar month.In the event the City Manager determines that a Concession Area is an Underutilized Concession Area, the City shall use reasonable efforts to cooperate with Concessionaire to find a replacement Concession Area;however,in the event the parties cannot reach agreement,the decision of the City Manager shall prevail. 2.2.3 High-Risk Concession Area(s). Upon written request by Concessionaire to the City Manager,when its incidence of theft and/or vandalism is 50%higher than the Average Theft- Vandalism Rate (as defined herein),or as may otherwise be reasonably demonstrated by Concessionaire to the City Manager,the City Manager may deem a Concession Area a "High-Risk"Concession Area.The "Average Theft-Vandalism Rate"('ATVR")shall be defined as the average number of acts of theft or vandalism per kiosk operating in the Program within a given calendar month.The Concessionaire shall present usage data for the Concession Area in question which indicates that the rate of theft and/or vandalism is 50%higher than the Average Theft/Vandalism occurring at the remaining Concession Areas.In the event that the City Manager determines that a Concession Area is a High-Risk Concession Area,the City shall use reasonable efforts to cooperate with Concessionaire to find a replacement Concession Area;however,in the event the parties cannot reach agreement,the decision of the City Manager shall prevail. SECTION 3.USES. The Concessionaire is hereby authorized to conduct the following kind(s)of Program related businesses and provide the following kind(s)of Program related services within the Concession Area(s),all at its sole cost and expense: 4 3.1 Docked Bicycle Rental Services and Program Equipment. Concessionaire shall provide bicycle rentals at automated,self-service kiosks in the Concession Areas,on a short-term and subscription basis,incorporated herein by reference and attached hereto as Exhibit 3.8.The City herein approves the following Program Equipment,depicted in Exhibit 3.1 (Program Equipment), incorporated herein by reference and attached hereto,which includes:(i)the types of rental kiosks and bicycle racks depicted in Exhibit 3._1(a)Rental Kiosks and Bicycle Racks);(ii)the types of docked bicycles depicted in Exhibit 3.1(b) (Bicycle Image and Specs),incorporated herein by reference and attached hereto;and (iii)the types of docked E-Bikes depicted in Exhibit 3.1(c](E-Bike Image and Specs"),incorporated herein by reference and attached hereto.Any amendments to Exhibit 3.1 must be approved in writing by the City Manager or designee,on behalf of the City in its proprietary capacity,prior to such changes being implemented within the Concession Area(s),and the respective exhibit(s) will be amended accordingly.Additionally,notwithstanding the City's proprietary approval of any Program Equipment,Concessionaire shall be responsible for securing,at its sole cost,any required regulatory approvals as described in Subsection 3.2.2. The Concessionaire agrees to maintain an adequate supply of bicycles necessary to accommodate demand.Bicycle rental and subscription services shall be offered daily to patrons at all times during Concession Area(s)hours of operation,as set forth in Subsection 3.9 hereof. Concessionaire and/or the City may desire to add new technologies or equipment which may be developed in the future and are not contemplated under the Agreement. In the event Concessionaire determines new equipment or technology should be used in the Program,Concessionaire shall make a request,in writing,to the City Manager which outlines the proposed new equipment or technologies and the advantages resulting from their implementation.The City Manager shall use reasonable efforts to approve or deny such request within thirty (30)days.In the event such a request is denied,the City Manager shall provide a detailed explanation stating why such changes to the Program Equipment or technology should not be made. Concessionaire shall integrate any approved new equipment and/or technology at Concessionaire's sole cost and responsibility and at no cost to the City. 3.1.1 All respective equipment within an individual Concession Area including, without limitation,the rental kiosks,bicycle racks,and bicycles (all of which may be hereinafter referred to collectively as the "Equipment")shall be placed substantially in accordance with the approved Site Plan within the Concession Area.A typical Site Plan is depicted in Exhibit 2.2.The City's Contract Manager shall keep a record of the Site Plan for each Concession Area.Concessionaire shall not deviate from approved Site Plan without the prior written consent of the City Manager or designee. 5 3.1.2 It is the City's intent,and Concessionaire hereby agrees and acknowledges,to develop and promote a world class bicycle rental and sharing program that is comparable to those found at other world class communities similar to the City of Miami Beach.The condition and quality of Concessionaire's Equipment shall at all times adhere to the highest responsible ongoing maintenance standards,in a manner that is consistent with the aforestated standards. Concessionaire shall maintain its bicycles in good working order and repair and useable condition.At a minimum,this shall require the following:chain good working order and free of rust;all moving components lubed;bicycle frame and fork structurally sound and in a clean condition;lights and reflectors functioning as designed;pedals in functional order;brakes functioning properly;handlebars properly attached and functional;tires inflated and free of excessive wear;wheels/spokes functional and free of excessive wear;seat in proper working order;all bolts and nuts properly secured;and all RFP-required accessories present and functioning as designed. Concessionaire shall maintain the rental kiosk and bicycle racks in the Concession Areas in good,clean working order and repair,including without limitation,keeping them free of graffiti. In the event that a kiosk or rack is damaged for any reason,Concessionaire shall,at a minimum,commence repairs within forty-eight (48)hours,and, in any event,complete repairs or (if irreparable)replace the damaged kiosk or rack so that same is fully operational,no later than ten (10)days from the date Concessionaire first became aware (or should be aware)of the damage. In the event that a bicycle is damaged for any reason,Concessionaire shall,at a minimum,commence repairs within forty-eight (48)hours and, in any event,complete repairs or (if irreparable)replace the damaged bicycle(s)within ten (10)days from the first date of removal (at which time the fully repaired bicycle or a replacement bicycle shall be put back into service). Following the Commencement Date,the City may,at its option,request that Concessionaire prove it is operating with a full inventory of all Program Equipment,including types and numbers (per item);dates of lease and/or purchase;and initial condition (established as of the date of inventory). Thereafter,City and Concessionaire may jointly prepare a plan and schedule for the ongoing replacement and/or updating of Equipment throughout the Term of this Agreement. Many small/light maintenance items may be done on-site by Concessionaire and/or its subcontractors to eliminate or minimize unit downtime,while moderate to heavy maintenance may require Equipment to be removed from circulation and serviced at Concessionaire's repair 6 3.2 center. The quality of Equipment offered in the Program will be first-rate and comparable to similar bike sharing programs in world-class communities (similar to City of Miami Beach). Design,Permitting,Delivery,Acceptance and Installation of Rental Kiosks and Bicycle Racks. Concessionaire shall erect,install,operate,and maintain,at its sole cost and expense,and at no cost to the City,all Program rental kiosks and bicycle racks within the Concession Areas contemplated in Exhibit 3.1. Concessionaire shall not erect,install,operate,and maintain additional kiosks and bicycle racks (unless Concessionaire is undertaking the repair or replacement of an existing kiosk or bicycle rack in an approved Concession Area),nor identify additional or alternate locations for same (other than as identified in Exhibit 2.2, without the prior written approval of the City Manager or designee. 3.2.1 Concessionaire shall provide,at its sole cost and expense,any and all design services including,but no limited to,architectural and engineering services,as reasonably required for the design of the kiosks and bicycle racks.This shall include,without limitation,the following (as may be required by the City):preparation of schematic design documents consisting of drawings,site plans,elevations,samples as required to show the scale and relationship of the components and the design concept as a whole;and,based upon the schematic design documents,as approved by the City,design development documents which may consist of,but not be limited to,drawings,outline specifications and other documents necessary to fix and describe the size and character of the kiosk and bicycle racks in terms of architectural,structural (if any),and electrical (if any)systems, construction finish materials,and such other elements as the City may deem reasonably necessary and appropriate. 3.2.2 Although the City Manager,on behalf of the City,in its proprietary capacity may approve the design and color of the Equipment,said approval is subject to Concessionaire securing,at its sole cost and expense,all required regulatory approvals from all governmental authorities having jurisdiction over the Program,in connection with the permitting,installation and operation of the Program.With regard to the design of the kiosks and bicycle racks,the Concessionaire may be required to participate in a number of public presentations,workshops,community meetings,etc.,as required for review and approval from regulatory bodies,and as may otherwise be deemed necessary by the City Manager,in their reasonable discretion,for community and public involvement.This shall include, without limitation,meeting with the staff of the City's Planning Department to determine whether the kiosks and bicycle racks will require Design Review and Historic Preservation Board approvals.If so required, Concessionaire shall be responsible for securing all final,non-appealable approvals from any and all such regulatory boards,at Concessionaire's 7 sole cost and expense;provided,however,that the City (as the owner of the land for the Concession Areas)shall reasonably cooperate with Concessionaire in assisting with the timely submittal of any owner's affidavits (and/or such other documents that may be required by the City, as owner of the land). 3.2.3 The Concessionaire herein warrants and represents to the City that any architects utilized by Concessionaire shall be duly licensed and admitted to practice architecture in the State of Florida pursuant to Chapter 481, Florida Statutes,and additionally possess the requisite occupational licenses from the City and the County.Any and all engineer required herein shall also be duly licensed and certified by the State of Florida to engage in the practice of engineering in Florida. 3.2.4 The Concessionaire shall,at its sole cost and expense,fabricate, construct,and install (or cause to be fabricated,constructed,and installed) the kiosks and bicycle racks,based on the approved design (and subject to the conditions,if any,or any regulatory board orders).Concessionaire shall be responsible for preparation of any and all plans and specifications for same,and shall be responsible for obtaining all required governmental approvals and permits prior to fabrication/construction/installation. 3.2.5 In the event any notice or claim of lien shall be asserted against the interest of the City on account of or arising from any work done by or for Concessionaire,or any person claiming by,through or under Concessionaire,or for improvements or work,the cost of which is the responsibility of Concessionaire,Concessionaire agrees to have such notice or claim of lien cancelled and discharged within fifteen (15)days after notice to Concessionaire by City.In the event Concessionaire fails to do so,the City may terminate this Agreement for cause without liability to the City.Additionally,the City at its discretion,but without obligation,may secure the release of the lien and Concessionaire shall be responsible for promptly reimbursing the City for all costs associated with the release of the lien including,without limitation,the lien amount and all costs and attorney's fees associated therewith within ten (10)days after rendition of a bill or statement. 3.2.6 City shall not be liable for any claims,losses or damages suffered by third parties arising from Concessionaire's or its officers,agents,employees or contractors;fabrication,construction,installation and maintenance of the kiosks and bicycle racks,unless caused by City's gross negligence or willful misconduct.In addition to the preceding sentence,Concessionaire shall maintain,or require that is contractor(s)maintain:(i)worker's compensation insurance in at least the minimum amount required by Florida law;and (ii)Commercial General Liability on a comprehensive basis,including Contractual Liability,Products/Completed Operations,in an amount not less than $1,000,000 combined single limit per occurrence for bodily injury and property damage.The City of Miami Beach,Florida shall be included as an additional insured with respect to this coverage, 8 and shall provide to City with a certificate evidencing such coverage. 3.3 Project Schedule. The system is already deployed and no downtime is required for the implementation of this Agreement. 3.4 Fleet. Concessionaire is to provide the following bicycle fleet: •100 docked E-Bikes in operation,which number may be increased to up to 200 at the option of the City Manager,to be operated pursuant to the docked E-Bike Guidelines set forth in Exhibit 3.1(c); •Fleet of 1,100 docked bicycles in operation on a Cityw ide basis,including 100 docked E-Bikes,subject to increase by up to 100 more docked E-Bikes, which may be approved by the City Manager,for a total fleet of up to 1,200 docked bicycles ("Operational Ceiling"). 3.5 (Intentionally Omitted) 3.6 Additional Equipment. Notwithstanding any provisions to the contrary herein,and subject further to approval by the City,which approval shall be at the City Managers sole and absolute discretion,the City shall be solely responsible for determining the need (if at all)for installation of additional Equipment on the City Property,based on usage and operational load.In the event that the City determines,and Concessionaire agrees,that there is a need for installation of additional Equipment on the City Property,the City,in its sole discretion,shall determine the additional Concession Area (or Areas)for such Equipment,and Exhibit 2.2 hereto shall be amended accordingly to identify any such additional Concession Area(s). 3.7 Removal of Equipment at Request of City. Notwithstanding the approval of the installation of any Equipment,within a designated Concession Area,the City Manager may request the removal of any Equipment,when the City Manager,in the City Manager's sole and reasonable discretion,deems that the service of a particular Equipment is no longer required. Except in the case where exigent circumstances exist,which in the City Manager's discretion require a shorter response time,the City shall provide Concessionaire with thirty (30)days written notice of such request ("Request for Removal").Upon receipt of a Request for Removal,Concessionaire shall remove said Equipment in conformance of the terms set forth in Subsection 13.7. 3.8 3.9 Price Schedule for Program Services. Concessionaire shall provide the Program services based upon the price schedule delineated in Exhibit 3.8,_incorporated herein by reference and attached hereto. Any changes to these fees must be approved,in writing,by the City Manager.The City shall have the final right of approval for any changes in the fees. Hours of Operation. All Concession Areas and operations shall be open 24 hours per day,365 days in the year,weather or events of force majeure permitting. 9 3.10 Hurricane Evacuation Plan. Concessionaire agrees that any and all Equipment not permanently affixed,must be removed within twelve (12)hours from the issuance of a Hurricane Warning by the Miami-Dade County Office of Emergency Management,and stored at a private, off-street storage facility.Concessionaire shall provide the City Manager or designee with a hurricane preparedness/evacuation plan,which shall include the location and proof of ownership and/or control by Concessionaire (either through a deed,lease or other document satisfactory to the City Manager or designee)of the aforestated off-site storage facility;both of which shall be referenced in Exhibit 3.10 (Preparedness and Evacuation Plan),incorporated herein by reference and attached hereto.Concessionaire shall begin to restock the fleet into the Concession Areas only upon receiving verbal or written notice to do so from the City Manager or designee,and said restocking shall be completed within four (4)business days. 3.11 Ownership of Equipment. The Equipment shall be the sole and exclusive property of Concessionaire during the Term of this Agreement. SECTION 4.CONCESSION FEES,SPONSORSHIP FEES,PUBLIC BENEFITS AND CITY CONTRIBUTION. Concessionaire shall pay to the City Concession Fees equal to the greater of (1)the Annual Minimum Guarantee payment (MG),in the amount of $380,000.00;or (2)the annual percentage of gross sales receipts (PG)payment as more particularly described below: 4.1 Percentage of Gross Sales (PG). An amount equal to 12%of the total gross sales receipts from the operation of the Concession Areas,based on Concessionaire's cumulative gross sales receipts totaling less than $3,000,000.00 during a given Contract Year,shall become due and payable by Concessionaire to the City within fifteen (15)days following the end of each calendar month during each Contract Year throughout the Term. An amount equal to 15%of the total gross sales receipts from the operation of the Concession Areas,based on Concessionaire's cumulative gross sales receipts equal to or greater than $3,000,000.00 during a given Contract Year,shall become due and payable by Concessionaire to the City within fifteen (15)days following the end of each calendar month during each Contract Year throughout the Term. As referenced herein,percentage of gross sales receipts (PG)shall mean "all income retained or accrued as a result of sales activity,derived by the Concessionaire under the privileges granted by this Agreement (not including the sponsorship payments pursuant to the Citi Bike Sponsorship Agreement),including without limitation,Concessionaire's short-term bicycle rentals,bicycle subscription program,and membership sales,excluding amounts of any Federal,State,or City sales tax,or other tax,governmental imposition,assessment,charge or expense 10 4.2 of any kind,collected by the Concessionaire from customers and required by law to be remitted to the taxing or other governmental authority."Any sales which result in credit card chargebacks where the customer's credit card company refuses or denies payment on transactions shall not be calculated as a part of any revenues subject to revenue sharing. Minimum Guarantee (MG). Deco Bike,LLC,agrees to pay the City an annual Minimum Guarantee (MG),in the amount of three hundred eighty thousand ($380,000.00).In the event that the total PG payments to the City for a given Contract Year was less than the MG, Concessionaire shall pay to the City the difference between the PG payments received for the Contract Year and the MG amount,due and payable at the end of the Contract Year.In the event that the total monthly PG payments received by the City for a given Contract Year were equal to or more than the MG amount, Concessionaire shall be deemed to have met its MG obligations and no additional Concession Fee payments would be due to the City. 4.3 Sponsorship Program with Citibank. In addition to Concession Fees described in Subsections 4.1 and 4.2,this Agreement provides for sponsorship payments to the City,pursuant to the sponsorship agreement between Concessionaire and Citibank ("Citi Bike Sponsorship Agreement"),which contemplates a bicycle share program with both, the City of Miami and the City of Miami Beach.The City's portion of the sponsorship payments is based upon the following categories and percentage of shared advertising revenues:12.5%naming rights;25%from the Bicycle Sponsorship Program and 12%from the Kiosk Sponsorship Program,as more particularly described in the "Citi Bike Sponsorship Agreement and Sponsorship Extension Chart"for 2025-2029,attached hereto as part of Exhibit 4.3.1/12 of the sponsorship payments is currently due and payable by Concessionaire to the City fifteen (15)days following the end of each calendar month during each Contract Year throughout the Term.The Citi Bike Sponsorship Agreement,incorporated herein by reference and attached hereto as part of Exhibit 4.3,will expire on December 31,2029.Any extension of the current Citi Bike Sponsorship Agreement shall not require separate approval by the City;however,any changes to the material terms of the Citi Bike Sponsorship Agreement,such as the amount of the sponsorship payments,or any new sponsorship agreement shall require the prior written approval of the City Commission. 4.4 Bicycle Basket Advertising Program and Kiosk Advertising Program.In connection with commercial advertising as described in Section 16.2,which may occur lieu of the Sponsorship Program with Citibank or simultaneously therewith,if permitted by Citibank,the City shall receive twenty-five percent (25%)of all gross sales receipts from the Bicycle Basket Advertising Program and twelve percent (12%)of all gross sales receipts from the Kiosk Advertising Program. 4.5 Public Benefits/City Contribution. Deco Bike has established membership plans,as more particularly delineated in Exhibit 3.8.Additionally,Concessionaire has an ongoing City of Miami Beach employee rental plan at $99 annually with unlimited 30-minute trips. 11 4.6 4.7 4.8 In addition to the established membership plans,Concessionaire agrees to provide three (3)30-minute free rides per month for Miami Beach residents who are not current customers of the Program,or one (1)free month for every twelve months of membership for established customers of the Program ("Monthly Incentive Program")in order to incentivize use of bicycles as a transportation alternative. Concessionaire will cover the cost of the Monthly Incentive Program up to the total amount of $35,000.00 per Contract Year and the City will cover the cost exceeding $35,000.00 per Contract Year.The City Commission,at its sole and absolute discretion,may terminate the Monthly Incentive Program. Payment Remittance. All payments due to the City hereunder shall be sent to the following address City of Miami Beach Parking Department Attention:Administrative Services Manager 1755 Meridian Avenue,2°Floor Miami Beach,Florida 33139 Interest for Late Payment. Any payment which Concessionaire is required to make to City which is not paid on or before the respective date provided for in this Agreement shall be subject to interest at the rate of eighteen percent (18%)per annum,or the maximum interest allowable pursuant to Florida law,whichever is less,from the due date of payment until such time as payment is actually received by the City.In addition, any payment received after five (5)days of its due date,shall accrue a late charge of five percent (5%)of the payment amount due. Sales and Use Tax. At the Contract Manager's sole option and discretion,any required Florida State Sales and Use Tax due in connection with any payments due to the City, shall be paid by Concessionaire directly or added to the payments due to the City and forwarded to the City as part of said payments.It is the City's intent that it is to receive all payments due from Concessionaire as net of such Florida State Sales and Use Tax. SECTION 5.MAINTENANCE AND EXAMINATION OF RECORDS. Concessionaire shall maintain current,accurate,and complete financial records (on an accrual basis)related to its operations herein.Systems and procedures used to maintain these records shall include a system of internal controls and all accounting records shall be maintained in accordance with generally accepted accounting principles and shall be open to inspection and audit by the City Manager or the City's Contract Manager, upon prior notice,whether verbal or written,and during normal business hours.Such records and accounts shall include,at a minimum,a breakdown of gross receipts, expenses,and profit and loss statements.In the event Concessionaire accepts cash as a form of payment,it shall maintain accurate receipt-printing cash registers or the like which will record and show the payment for every sale made or service provided in the Concession Areas;and such other records shall be maintained as would be required by an independent CPA in order to audit a statement of annual gross receipts and profit and 12 loss statement pursuant to generally accepted accounting principles. 5.1 Reports of Gross Receipts,Maintenance and Usage 5.1 .1 Within thirty (30)days from the end of each Contract Year throughout the Term,Concessionaire shall provide the Contract Manager with a detailed annual report of the gross receipts for the preceding Contract Year.The report shall reflect the activity on a monthly basis and shall itemize the total monthly gross revenues and expenses from each Concession Area in the Program. 5.1.2 Upon the request of the City Manager or Contract Manager,Concessionaire shall submit a monthly (or at such greater intervals,i.e.quarterly or annually,as requested by the City)maintenance report reflecting routine maintenance performed on the Concession Area Improvements,including any repairs performed on any of the Equipment. 5.1.3 Upon the request of the City Manager or Contract Manager,Concessionaire shall provide the City with monthly reports regarding the usage of the bicycles,including the following metrics:number of bicycles,number of trips, average trip length,membership vs casual trips,top 10 stations with the highest number of bicycle pick-ups and returns. 5.1 .4 Upon the request of the City Manager or Contract Manager,Concessionaire shall develop and conduct a user survey to collect data throughout the Term to document the following metrics:trip purpose,frequency of use,alternative mode choice,and other data points as applicable.The survey shall be distributed by the Concessionaire to users via a mobile application and user emails. SECITON 6.INSPECTION AND AUDIT. Concessionaire shall maintain its financial records pertaining to its operations herein for a period of three (3)years after the expiration or other termination of this Agreement,and such records shall be open and available to the City Manager or Contract Manager,as deemed necessary by them.Concessionaire shall maintain all such records at its principal office,currently located at 41 NE 17 Terrace,Miami,Florida 33132.At the request of the City,all such records shall be relocated,at Concessionaire's expense,to a location in Miami Beach,within ten (10)days'notice (written or verbal). The City Manager or Contract Manager shall be entitled to audit Concessionaire's records pertaining to its operations,as often as he deems necessary throughout the Term of this Agreement,and three (3)times within the three (3)year period following termination of the Agreement (regardless of whether such termination results from the natural expiration of the Term or for any other reason).The City shall be responsible for paying all costs associated with such audits,unless the audit(s)reveals a deficiency of five (5%)percent or more in Concessionaire's statement of gross receipts for any year or years audited,in which case Concessionaire shall pay to the City,within thirty (30)days of the audit being deemed final by the City,the cost of the audit and a sum equal to the amount of the deficiency revealed by the audit,plus interest. Concessionaire shall submit at the end of each Contract Year (throughout the Term),an annual statement of gross receipts,in a form consistent with generally accepted accounting principles.Additionally,such statement shall be accompanied by a report from 13 an independent CPA firm. It is Concessionaire's intent to stay informed of comments and suggestions by the City regarding Concessionaire's performance under the Agreement.Within thirty (30)days after the end of each Contract Year,upon written notice from the City Manager, Concessionaire shall meet with the City Manager or Contract Manager to review Concessionaire's performance under the Agreement for the previous Contract Year.At the meeting,Concessionaire and City may discuss quality,operational,maintenance and any other issues regarding Concessionaire's performance under the Agreement. SECTION 7.TAXES,ASSESSMENTS. 7.1 Concessionaire agrees and shall pay before delinquency all taxes and assessments of any kind levied or assessed upon a Concession Area or the Concession Areas,and/or on Concessionaire by reason of this Agreement,or by reason of Concessionaire's business and/or operations within a Concession Area or Areas.Concessionaire will have the right,at its own expense,to contest the amount or validity,in whole or in part,of any tax by appropriate proceedings diligently conducted in good faith.Concessionaire may refrain from paying a tax to the extent it is contesting the imposition of same in a manner that is in accordance with law.However,if,as a result of such contest,additional delinquency charges become due,Concessionaire shall be responsible for such delinquency charges,in addition to payment of the contested tax,if so ordered. Concessionaire shall also be solely responsible (at its sole cost and expense)for obtaining and maintaining current any applicable licenses or permits,as required for the operations contemplated in this Agreement including,without limitation,any occupational licenses required by law for the proposed uses contemplated in Section 2 and for each Concession Area (if required). 7.2 Procedure if Ad Valorem Taxes Assessed. If ad valorem taxes are assessed against a Concession Area or the Concession Areas (or any portion thereof)by reason of Concessionaire's business and/or operations thereon,Concessionaire shall be solely responsible for prompt and timely payment of same. SECTION 8.EMPLOYEES AND INDEPENDENT CONTRACTORS. 8.1 Concessionaire's Employees. 8.1.1 Concessionaire shall select,train and employ such number of employees or contractors as is necessary or appropriate for Concessionaire to satisfy its responsibilities hereunder.Concessionaire shall be the sole authority to hire,terminate and discipline any and all personnel employed by Concessionaire. 8.1.2 Concessionaire shall designate a competent full-time employee to oversee the day-to-day operations,and who shall act as the contract administrator for the Program and serve as Concessionaire's primary point-person with the City.This individual shall have the requisite amount of experience in operating,managing,and maintaining the Program and operations contemplated herein.The employee shall be accessible to the City Manager or Contract Manager at all times during normal business hours (8:00 A.M.to 5:00 P.M.)to discuss the management,operation and maintenance of the Program,and during the hours of 8:00 A.M.and 2:00 14 A.M.in the event of an emergency.Consistent failure by the employee to be accessible shall be reported to Concessionaire's principal(s),and if not rectified,shall be grounds for replacement of the employee. 8.2 Concessionaire's employees and/or contractors shall wear identification badges and uniforms approved by the City Manager or Contract Manager,during all hours of operation when such employee or contractor is acting within the scope of such employment or such contractor relationship.All employees and/or contractors shall observe all the graces of personal grooming.The Concessionaire shall hire people to work in its operation who are neat,clean,well groomed,and who shall comport themselves in a professional and courteous manner.The Concessionaire and any persons hired or otherwise retained by Concessionaire,shall never have been convicted of a felony. 8.3 Concessionaire shall use its best efforts to hire employees and/or contractors for the Program from among unemployed workers in the City of Miami Beach workforce. SECTION 9.IMPROVEMENTS,MAINTENANCE,REPAIR AND OPERATION. The Concessionaire accepts the use of any and all Concession Areas provided in this Agreement "AS IS,""WHERE IS,"and "WITH ALL FAULTS,"existing as of the Effective Date. 9.1 9.2 Improvements In addition to the specific procedures set forth in Subsection 3.2 for the design, fabrication,construction,and installation of the Equipment,Concessionaire shall also be solely responsible (including cost)and shall pay for the design, fabrication,construction,and installation of any and all improvements to a Concession Area or Areas ("Concession Area improvements"),including all site preparation costs,as defined in Subsection 3.2.1. Maintenance/Repair. The Concessionaire shall maintain,at its sole cost and expense,the Concession Areas and any Equipment thereon (as required to operate the Program). 9.2.1 Concessionaire shall be solely responsible for the day to day operation, maintenance and repair of all Concession Areas.Concessionaire shall maintain the Concession Areas and any Equipment thereon in good working order and condition.Concessionaire shall keep all Equipment free of graffiti. 9.2.2 All damage of any kind to a Concession Area and any Equipment thereon shall be the sole obligation of Concessionaire,and shall be repaired,restored or replaced promptly by Concessionaire,at its sole cost and expense,to the satisfaction of the City Manager or designee.Concessionaire shall keep a reasonable stock of materials and Equipment on hand to address the replacement or repair of Equipment which may be lost,stolen or damaged in the ordinary course of its operations.In the event any Equipment is lost, stolen,or damaged,it shall be promptly replaced or repaired by Concessionaire no later than ten (10)days from the date of loss,theft,or damage. 9.2.3 All of the aforestated repairs,restorations and replacements shall be in quality and class equal to or better than the original work (or Equipment)and 15 shall be done in good and workmanlike manner. 9.2.4 If Concessionaire fails to make such repairs,restorations and/or replacements to a Concession Area and/or to any particular Equipment thereon,the same may be made by the City,at the City's sole option and discretion,but not its obligation.Concessionaire shall be responsible for any costs associated therewith,and shall reimburse the City within ten (10)days after rendition of a bill or statement. 9.2.5 It shall be Concessionaire's sole obligation to insure that any renovation, repairs and/or improvements made by Concessionaire to the Concession Areas comply with all applicable building code and life safety codes of governmental authorities having jurisdiction. 9.3 Orderly Operation. The Concessionaire shall have a neat and orderly operation at all times and shall be solely responsible for the necessary housekeeping services to properly maintain the Concession Areas and any Concession Area Improvements thereon. The Concessionaire shall make available all Equipment within a Concession Area for examination by the City Manager or their authorized representative,upon reasonable verbal and/or written notice from the City. 9.3.1 Concessionaire agrees,also at its sole cost and expense to pay for all garbage disposal generated by its operations. No Dangerous Materials. The Concessionaire agrees not to use or permit the storage and/or use of gasoline, fuel oils,diesel,illuminating oils,oil lamps,combustible powered electricity producing generators,turpentine,benzene,naphtha,propane,natural gas,or other similar substances,combustible materials,or explosives of any kind,or any substance or thing prohibited in the standard policies of fire insurance companies in the State of Florida,on or within any of the Concession Areas,or on any City property and/or right of way. Concessionaire shall indemnify,defend and hold City harmless from any loss, damage,cost,or expense of the City,including,without limitation,reasonable attorney's fees,incurred as a result of,arising from,or connected with the placement by Concessionaire of any "hazardous substance"or "petroleum products"on,under,in or upon the Concession Areas as those terms are defined by applicable Federal and State Statute,or any environmental rules and environmental regulations promulgated thereunder;provided,however, Concessionaire shall have no liability in the event of the willful misconduct or gross negligence of the City,its agents,servants or employees.The provisions of this Subsection 9.4 shall survive the termination or earlier expiration of this Agreement. 9.5 Security. The Concessionaire shall be responsible,at its sole option,to employ or provide reasonable security measures,as it may deem necessary to protect the Concession Area and any Equipment thereon.Under no circumstances shall the City be responsible for any stolen or damaged Equipment,nor shall the City be 16 9.4 9.6 responsible for any stolen or damaged personal property of Concessionaire's employees,contractors,agents,patrons,guests,invitees,and/or other third parties. Notwithstanding,the preceding paragraph,Concessionaire shall not be obligated to have a duty to provide security services (whether manned or automated)to patrons using the Program,as the Program is contemplated as an unattended self- service and automated system.Concessionaire shall not employ any recorded video surveillance without the approval of the City Manager or designee. City and Concessionaire understand that bicycle theft has been identified as a problem in other bicycle sharing programs.One of the potential causes for theft may be that the locking mechanism may leave inexperienced users of these types of bike sharing programs unsure of whether their bicycle is properly locked. Accordingly,in order to deter theft,Concessionaire shall prominently disclose on each kiosk,in visible,plain,easy to read/understand language and/or symbols, the proper procedure(s)for safely docking and locking a bike into the bike docking station.Similarly,Concessionaire shall utilize a locking system that clearly indicates to users when a bicycle has been fully and properly locked.It is highly recommended that Concessionaire utilize a mechanism that is fully incorporated into the bicycle design,so that it should be impossible to remove the lock without breaking the bicycle. Concessionaire shall also place a clearly visible,legible disclaimer on kiosks,and on patron/customer receipts,advising users that Program bikes do not come equipped with individual locks and that neither the City nor Concessionaire shall be liable or otherw ise responsible to users if the bicycle is stolen while in use (including bicycles that are not properly locked at the conclusion of use). Inspection. The Concessionaire agrees that any Concession Area (including,without limitation,any Concession Area Improvement thereon)may be inspected at any time by the City Manager or Contract Manager,or by any other municipal, County,State officer,or officers of any other agency(ies)having responsibility and/or jurisdiction for inspections of such operations.The Concessionaire hereby waives all claims against the City for compensation for loss or damage sustained by reason of any interference with the concession operation as a result of inspection by any public agency(ies)or officials,(including,without limitation,by reason of any such public agency or official in enforcing any laws, ordinances,or regulations as a result thereof).Any such interference shall not relieve the Concessionaire from any obligation hereunder. SECTION 10.INSURANCE. 10.1 Concessionaire shall maintain,at its sole cost and expense,the following types of insurance coverage at all times throughout the Term of this Agreement. 10.1.1 Comprehensive General Liability in the minimum amount of One Million ($1,000,000.00)Dollars per occurrence for bodily injury and property damage.This policy must also contain coverage for premises operations, products and contractual liability. 10.1.2 Worker's Compensation Insurance shall be required in accordance with the 17 laws of the State of Florida. 10 1.3 Automobile Insurance shall be provided covering all owned,leased,and hired vehicles and non-ownership liability for not less than the following limits: A. B. C. Bodily Injury Bodily Injury Property Damage $1,000,000 per person $1,000,000 per accident $1,000,000 per accident 10.1.4 Comprehensive crime insurance including employee theft,premise,transit and depositor's forgery coverage with limits as to any given occurrence of $1,000,000.The City shall be used as a loss payee under this coverage. 10.1.5 Umbrella liability insurance with an annual aggregate limit of not less than $1,000,000.The City shall be used as a loss payee under this coverage. 10.2 Construction Insurance. The City shall not be liable for any claims,losses or damages suffered by third parties arising from Concessionaire's,or its officers',agents',employees'or contractors'fabrication,construction,and installation of the Concession Area Improvements. 10.2.1 Concessionaire shall maintain,or require that its contractor(s)maintain,the following insurance coverages in connection with the installation of the Concession Area Improvements: A.Worker's Compensation insurance in at least the minimum amounts required by Florida law;and B.Commercial General Liability on a comprehensive basis,including Contractual Liability,Products/Completed Operations,in an amount not less than $1,000,000 combined single limit per occurrence for bodily injury and property damage.The City of Miami Beach,Florida shall be included as an additional insured with respect to this coverage. 10.3 The liability policies affording the coverages described in the above subsections shall be endorsed to cover the City and its employees,agents,directors and officers as additional insureds. 10.4 Concessionaire shall deliver certificates of insurance to the City's Contract Manager and renewal policies shall be obtained,and certificates delivered to the Contract Manager,at least fifteen (15)days prior to expiration.The certificates of insurance shall state that the issuing company shall provide thirty (30)days'prior written notice to the certificate holder should any of the policies be cancelled prior to the expiration date. 10.5 All of Concessionaire's certificates,above,shall contain endorsements providing that written notice shall be given to the City at least thirty (30)days prior to termination,cancellation or reduction in coverage in the policy.The insurance must be furnished by insurance companies authorized to do business in the State of 18 Florida and approved by the City's Risk Manager.Original certificates of insurance for the above coverage must be submitted to the City's Risk Manager.These certificates will be kept on file in the office of the Risk Manager,City Hall,1700 Convention Center Drive,3rd Floor,Miami Beach,Florida 33139.The Concessionaire shall also be solely responsible for obtaining,submitting,and maintaining current and in full force,all insurance for its subcontractors. 10.6 All insurance policies must be issued by companies authorized to do business under the laws of the State of Florida.The companies must be rated no less than "A-"as to management and not less than "Class VI"as to strength by the latest edition of Best's Insurance Guide,published by A.M.Best Company,Oldwick,New Jersey, or its equivalent,subject to the approval of the City's Risk Manager. 10.7 Compliance with the insurance requirements in this section,shall not relieve the Concessionaire of the liabilities and obligations under this section or under any other portion of this Agreement,and the City shall have the right to obtain from the Concessionaire specimen copies of the insurance policies in the event that submitted certificates of insurance are inadequate to ascertain compliance with required coverage.The Concessionaire represents and warrants that any insurance protection required by this Agreement or otherwise provided by its contractors and subcontractors shall in no way limit the responsibility to indemnify,keep and save harmless and defend the City or its officers,employees,contractors,consultants, agents,and instrumentalities as herein provided. 10.8 Waiver of Subrogation. The terms of insurance policies referred to in the above subsections shall preclude subrogation claims against Concessionaire,the City and their respective officers,employees,contractors,agents,and servants. SECTION 11.INDEMNITY. 11.1 In consideration of a separate and specific consideration of Ten ($10.00)Dollars and other good and valuable consideration the receipt and sufficiency of which are hereby acknowledged,Concessionaire shall indemnify,hold harmless and defend the City,its officials,directors,members,employees,contractors,agents, and servants from and against any and all actions (whether at law or inequity), claims,liabilities,losses,and expenses,including,but not limited to,attorneys' fees and costs,for personal,economic or bodily injury,wrongful death,loss of or damage to property,which may arise or be alleged to have arisen from:(1)wholly or in part from the negligent acts,errors,omissions or other misconduct of Concessionaire,its officers,director,members,employees,agents,contractors, subcontractors,or any other person or entity acting under Concessionaire's control or supervision;(2)Concessionaire's breach of the terms of this Agreement or its representations and warranties herein;(3)the operation of the Program;or (4)the use of the Concession Area Improvements or the Equipment.To that extent, Concessionaire shall pay all such claims and losses and shall pay all such costs and judgments which may issue from any lawsuit arising from such claims and losses,and shall pay all costs and attorneys'fees expended by the City in the defense of such claims and losses,including appeals. 11.2 In addition,in consideration of a separate and specific consideration of Ten ($10.00) Dollars and other good and valuable consideration the receipt and sufficiency of which are hereby acknowledged,Concessionaire shall indemnify,hold harmless 19 and defend the City,its officials,directors,employees,contractors,agents,and servants from and against any claim,demand or cause of action of whatever kind or nature arising out of any misconduct of Concessionaire,its officials,directors, employees,contractors,agents,and servants not included in the paragraph in the subsection above and for which the City,its officials,directors,employees, contractors,agents,and servants are alleged to be liable. 11.3 Subsections 11.1 and 11.2 shall survive the termination or expiration of this Agreement. SECTION 12.FORCE MAJEURE. 12.1 A "Force Majeure"event is an event that (i)in fact causes a delay in the performance of the Concessionaire or the City's obligations under the Agreement, and (ii)is beyond the reasonable control of such party unable to perform the obligation,and (iii)is not due to an intentional act,error,omission,or negligence of such party,and (iv)could not have reasonably been foreseen and prepared for by such party at any time prior to the occurrence of the event.Subject to the foregoing criteria,Force Majeure may include events such as war,civil insurrection,riot,fires,epidemics,pandemics,terrorism,sabotage,explosions, embargo restrictions,quarantine restrictions,inability to secure materials and Equipment from any of the available manufacturers,transportation accidents, strikes,strong hurricanes or tornadoes,earthquakes,or other acts of God which prevent performance.Force Majeure shall not include technological impossibility, inclement weather,or failure to secure any of the required permits pursuant to the Agreement. 12.2 If the City or Concessionaire's performance of its contractual obligations is prevented or delayed by an event believed by to be Force Majeure,such party shall immediately,upon learning of the occurrence of the event or of the commencement of any such delay,but in any case within fifteen (15)business days thereof,provide notice:(i)of the occurrence of event of Force Majeure,(ii)of the nature of the event and the cause thereof,(iii)of the anticipated impact on the Agreement,(iv)of the anticipated period of the delay,and (v)of what course of action such party plans to take in order to mitigate the detrimental effects of the event.The timely delivery of the notice of the occurrence of a Force Majeure event is a condition precedent to allowance of any relief pursuant to this section; however,receipt of such notice shall not constitute acceptance that the event claimed to be a Force Majeure event is in fact Force Majeure,and the burden of proof of the occurrence of a Force Majeure event shall be on the requesting party. 12.3 No party hereto shall be liable for its failure to carry out its obligations under the Agreement during a period when such party is rendered unable,in whole or in part, by Force Majeure to carry out such obligations.The suspension of any of the obligations under this Agreement due to a Force Majeure event shall be of no greater scope and no longer duration than is required.The party shall use its reasonable best efforts to continue to perform its obligations hereunder to the extent such obligations are not affected or are only partially affected by the Force Majeure event,and to correct or cure the event or condition excusing performance and otherwise to remedy its inability to perform to the extent its inability to perform is the direct result of the Force Majeure event with all reasonable dispatch. 20 12.4 Obligations pursuant to the Agreement that arose before the occurrence of a Force Majeure event,causing the suspension of performance,shall not be excused as a result of such occurrence unless such occurrence makes such performance not reasonably possible.The obligation to pay money in a timely manner for obligations and liabilities which matured prior to the occurrence of a Force Majeure event shall not be subject to the Force Majeure provisions. 12.5 Notwithstanding any other provision to the contrary herein,in the event of a Force Majeure occurrence,the City may,at the sole discretion of the City Manager, suspend the City's payment obligations under the Agreement,and may take such action without regard to the notice requirements herein.Additionally,in the event that an event of Force Majeure delays a party's performance under the Agreement for a time period greater than one hundred eighty (180)days or causes fifty percent (50%)or more of the Concession Areas to be usable,either party may terminate the Agreement on a given date,by giving written notice to the other of such termination.If the Agreement is terminated pursuant to this section,the City shall be paid for any Services satisfactorily performed up to the date of termination;following which the City shall be discharged from any and all liabilities, duties,and terms arising out of,or by virtue of,this Agreement.In no event will any condition of Force Majeure extend this Agreement beyond its stated term. 12.6 Waiver of Loss from Hazards. The Concessionaire hereby expressly waives all claims against the City for loss or damage sustained by the Concessionaire resulting from any Force Majeure event,and the Concessionaire hereby expressly waives all rights,claims, and demands against the City and forever releases and discharges the City of Miami Beach,Florida,from all demands,claims,actions and causes of action arising from any of the aforesaid causes. SECTION 13.DEFAULT AND TERMINATION. Subsections 13.1 through 13.6 shall constitute events of default under this Agreement. An event of default by Concessionaire shall entitle the City to exercise any and all remedies described as City's remedies under this Agreement,including but not limited to those set forth in Subsection 13.5 and Section 14. 13.1 Bankruptcy. If either the City or Concessionaire shall be adjudged bankrupt or insolvent,or if any receiver or trustee of all or any part of the business property of either party shall be appointed,or if any receiver of all or any part of the business property shall be appointed and shall not be discharged within sixty (60)days after appointment,or if either party shall make an assignment of its property for the benefit of creditors,or shall file a voluntary petition in bankruptcy,or insolvency, or shall apply for reorganization or arrangement with its creditors under the bankruptcy or insolvency laws now in force or hereinafter enacted,Federal,State, or otherwise,or if such petitions shall be filed against either party and shall not be dismissed within sixty (60)days after such filing,then the other party may immediately,or at any time thereafter,and without further demand or notice,terminate this Agreement without being prejudiced as to any remedies which may be available to it for breach of contract. 21 13.2 Default in Payment. If any payment and accumulated penalties are not received within ten (10)days after the payment due date,and such failure continues five (5)days after written notice thereof,then the City may,without further demand or notice,terminate this Concession Agreement without being prejudiced as to any remedies which may be available to it for breach of contract;and may begin procedures to collect the Performance Bond required in Section 14 herein. 13.3 Non-Monetary Default. In the event that Concessionaire or the City fails to perform or observe the non- monetary covenants,terms or provisions under this Agreement,and such failure continues thirty (30)days after written notice thereof from the other party hereto, such non-defaulting party may immediately or at any time thereafter,and without further demand or notice,terminate this Agreement without being prejudiced as to any remedies which may be available to it for breach of contract. In the event that a default is not susceptible to being cured within such period, the defaulting party shall not be considered in default if it shall,within such period, commence with due diligence and dispatch to cure such default and thereafter completes with dispatch and due diligence the curing of such default,but in no event shall such extended cure period exceed ninety (90)days from the date of written notice thereof.In the event Concessionaire cures any default pursuant to this subsection,it shall promptly provide the City Manager with written notice of same. 13.4 The failure of any Equipment to be operational for a period of time exceeding fifteen (15)continuous calendar days,shall constitute a default under this Agreement. 13.5 City's Remedies for Concessionaire's Default. If any of the events of default,as set forth in this section,shall occur,the City may, after expiration·of the cure periods,as provided above,at its sole option and discretion,institute such proceedings as in its opinion are necessary to cure such defaults and to compensate City for damages resulting from such defaults, including but not limited to the right to give to Concessionaire a notice of termination of this Agreement.If such notice is given,the term of this Agreement shall terminate upon the date specified in such notice from City to Concessionaire. On the date so specified,Concessionaire shall then quit and surrender the Concession Area(s)to City pursuant to the provisions of Subsection 13.7.Upon the termination of this Agreement,all rights and interest of Concessionaire in and to the Concession Area(s)and to this Agreement,and every part thereof,shall cease and terminate and City may,in addition to any other rights and remedies it may have,retain all sums paid to it by Concessionaire under this Agreement, including but not limited to,the Performance Bond in Section 14 herein. In addition to the rights set forth above,the City shall have the rights to pursue any and all of the following: A.the right to injunction or other similar relief available to it under Florida law against Concessionaire;and/or B.the right to maintain any and all actions at law or suits in equity or other proper proceedings to obtain damages resulting from Concessionaire's default. 22 13.6 If an event of default by the City shall occur,the Concessionaire may,after expiration of the cure periods,as provided above,terminate this Agreement upon written notice to the City.Said termination shall become effective upon receipt of a written notice of termination by the City,but in no event shall Concessionaire specify a termination date that is less than sixty (60)days from the date of the written termination notice.On the date specified in the notice,Concessionaire shall quit and surrender the Concession Area(s)to City pursuant to the provisions of Subsection 13.7. 13.7 Surrender of Concession Areas /Removal by Concessionaire of Concession Area Improvements. Upon expiration,or earlier termination of this Agreement,Concessionaire shall surrender the Concession Areas in the same condition as the Concession Areas were prior to Concessionaire installing the Concession Area Improvements. The City shall grant Concessionaire the right,upon the termination or earlier expiration of this Agreement,to enter upon the City Property locations,pursuant to an agreed upon schedule,executed by the parties,for the removal of the Concession Area Improvements contained therein ("Removal Schedule"). Concessionaire shall,at its sole expense and at no charge to the City,remove all Concession Area Improvements from the Concession Areas,(as well as any other permanent or fixed improvements installed by Concessionaire):(1)no later than thirty (30)days after the conclusion of the Term,(or from the date of other termination of this Agreement),or (2)the scheduled removal date as set forth in the Removal Schedule agreed upon by the parties for each City Property location,whichever is later,unless a longer time period is agreed to,in writing,by the City Manager.Concessionaire shall coordinate the removal of the Concession Area Improvements with the City and shall also,in conjunction with such removal,at its sole cost and expense,restore the City Property to its original (or better)condition prior to the date in which Concessionaire installed the Concession Area Improvements,including repairing any damage caused from such removal (the removal of the Concession Area Improvements and restoration of the Concession Areas shall be collectively referred to herein as the "removal process").Concessionaire shall perform the removal process in such a way as to minimize interference with the operation of the City Property. Concessionaire's obligation to observe or perform this covenant shall survive the expiration or other termination of this Agreement.Continued occupancy of any Concession Areas after termination or expiration of the Agreement (unless otherwise agreed to pursuant to the signed Removal Schedule)shall constitute trespass by the Concessionaire,and may be prosecuted as such.In addition,the Concessionaire shall pay to the City One Thousand ($1,000.00)Dollars per day per Concession Area as liquidated damages for such trespass and holding over. 13.8 Substitute Performance. In the event that the Concessionaire fails to properly perform the removal of any Concession Area Improvements and restoration of the Concession Areas to their original condition in accordance with the terms of the Agreement,then the City shall have the right to undertake and/or purchase,as the City Manager deems appropriate,any such supplies,materials,services,etc.,covered herein and to charge Concessionaire for all actual costs thereby incurred by the City. 23 Concessionaire shall be responsible for paying all of said costs. 13.9 (Intentionally Omitted) SECTION 14.PERFORMANCE BOND OR ALTERNATE SECURITY. Concessionaire shall,within thirty (30)days from Effective Date,furnish to the City Manager or Contract Manager a Performance Bond in the penal sum stated below for the payment of which Concessionaire shall bind itself for the faithful performance of the terms and conditions of this Agreement.A Performance Bond,in the amount of One Hundred Thousand ($100,000.00)Dollars,shall be provided by the Concessionaire in faithful observance of this Agreement.A cash deposit,irrevocable letter of credit,or certificate of deposit may also suffice,as determined by the City Manager or Contract Manager,in his sole discretion.The form of the Performance Bond or alternate security shall be approved by the City's Chief Financial Officer.In the event that a Certificate of Deposit is approved,it shall be a One Hundred Thousand ($100,000.00)Dollar one-year Certificate of Deposit in favor of the City,which shall be automatically renewed,the original of which shall be held by the City's Chief Financial Officer.Concessionaire shall be so required to maintain said Performance Bond or alternate security in full force and effect throughout the Term of this Agreement.Concessionaire shall have an affirmative duty to notify the City Manager or Contract Manager,in writing,in the event said Performance Bond or alternate security lapses or otherwise expires.All interest that accrues in connection with any financial instrument or sum of money referenced above shall be the property of Concessionaire, except in an event of default,in which case the City shall be entitled to all interest that accrues after the date of default. SECTION 15.ASSIGNMENT. Concessionaire shall not assign all or any portion of its costs or obligations under this Agreement without the prior written consent of the City Commission,in its sole discretion.Concessionaire shall notify the City Manager of any proposed assignment,in writing,at least sixty (60)days prior to the proposed effective date of such assignment. In the event that any such assignment is approved by the City Commission,the assignee shall agree to be bound by all the covenants of this Agreement required of Concessionaire. SECTION 16.SPONSORSHIPS. 16.1 The City reserves unto itself all present and future rights to negotiate all forms of endorsement and/or sponsorship agreements based on the marketing value of any City trademark,property,brand,logo and/or reputation.Any and all benefits derived from an endorsement and/or sponsorship agreement based on the marketing value of a City of Miami Beach trademark property,brand,logo and/or reputation,shall belong exclusively to the City.Concessionaire shall be specifically prohibited from entering into,or otherw ise creating any,sponsorships and/or endorsements with third parties which are based solely or in any part on the marketing value of a City trademark,property,brand,logo and/or reputation. It is further acknowledged that the name,likeness,equipment,concepts,logos, designs and other intellectual property rights of Concessionaire shall remain in the exclusive possession and control of Concessionaire at all times;provided, however,that Concessionaire hereby grants City an irrevocable license to use any Concessionaire trademark,brand,and/or logo,for purposes of the City's promotion of the Program and including,without limitation,the right to use such trademarks,brand,and/or logo in all media (for such public marketing purposes) whether now existing or as may exist in the future. 24 16.2 Advertisements. 16.2.1 Consistent with the approval for advertisement and sponsorship under Concessionaire's First Concession Agreement pursuant to Resolution No. 2012-27975,the City acknowledges that Concessionaire may display limited commercial advertising material through the sale by Concessionaire of sponsorship branding or advertisements placed upon bicycle baskets in the Program (the "Bicycle Basket Advertising Program")or upon up to forty (40) of Concessionaire's bicycle rental kiosks ("Advertising Kiosks")(the "Kiosk Advertising Program"),as more particularly described in Exhibit 16.2,to be placed along commercial (not residential)corridors,at the Concession Area locations identified in Exhibit 16.2,subject to Concessionaire securing all applicable permitting requirements and design reviews.The City Manager, at its sole discretion,reserves the right to change the location of any Advertising Kiosk to a different existing kiosk within a commercial corridor. All sponsors and sponsorship agreements involving the Bicycle Basket Advertising Program and the Kiosk Advertising Program shall be subject to approval by the City Commission,at its sole and absolute discretion. 16.2.2 In Lieu of the Bicycle Basket Advertising Program and the Kiosk Advertising Program described in Subsection 16.2.1,as of the Effective Date, Concessionaire has secured,and the City has approved,the Citi Bike Sponsorship Agreement,a copy of which is attached hereto as Exhibit 4.3. Notwithstanding the foregoing,in the event that during the term of the Citi Bike Sponsorship Agreement,Citibank permits use of the Advertising Kiosks for third party advertising on a non-exclusive basis,those Advertising Kiosks could be used for commercial advertising,in accordance with the terms and conditions of this Agreement. 16.2.3 No additional advertisements or sponsorships may be secured or displayed by Concessionaire without the prior written approval of the City Commission. 16.2.4 Any approved advertisements displayed on bicycles or kiosks shall comply with all Federal,State,Miami-Dade County,and City of Miami Beach laws, rules,regulations,ordinances,and codes,including,but not limited to,those pertaining to and/or related to billboards,outdoor advertisements,and signage,as applicable.In addition,the construction,materials,content and appearance of any Advertisements to be installed on the bicycles must be allowable,and,if allowed,shall comply with such other and future requirements as Federal,State,County,and City authorities may from time to time impose,including,but not limited to,public safety,zoning,building, and aesthetic requirements. 16.2.5 Advertising Standards.All advertisements shall comply with the following standards: 16.2.5.1 While the City understands the need to maximize advertising revenue,the City is also interested in maintaining a pleasant and aesthetic image and ensure the quality-of-life of its residents.The City Manager,at the City Manager's sole discretion,may request removal of any advertisement that the City deems unacceptable including,without limitation,advertisement that is offensive, 25 objectionable,inappropriate,or that does not reflect favorably upon the City,its residents and visitors. 16.2.5.2 Concessionaire is solely responsible for all design,development, production,redesign,removal,and installation of advertising. 16.2.5.3 Concessionaire shall adhere to generally accepted principles of advertising in relation to good taste and truth in advertising.No advertising which is considered objectionable and offensive in its content or method of presentation shall be displayed. 16.2.5.4 Concessionaire shall neither accept for display,install,display nor maintain any advertisement that falls within one or more of the following categories; A.contains the words "STOP","LOOK","DRIVE IN","DANGER" or any other word,symbol,or displays in a manner that is designed to distract vehicular traffic; B.false or misleading; C.material that is immoral,lascivious,or obscene as defined in Section 847.001,Florida Statutes; D.no advertising shall be for businesses engaged in any activity that requires the exclusion of minors pursuant to Chapter 847, Florida Statutes; E.promotes unlawful or illegal goods,services or activities; F.tobacco or tobacco related products including electronic cigarettes; G.firearms; H.sexual services,programs or products; I.political candidates or political issues,campaigns; J.detrimental to the operation or goals of the City; K.competitive products included in any Agreement with the City relating to a cityw ide exclusive sponsorship agreement,as notified in writing to Concessionaire.As of the Effective Date of this Agreement the City has executed an exclusive pouring rights agreement with PepsiCo for all non-alcoholic beverage categories,including but not limited soda,water,juice,iced tea,isotonics,and an exclusive pouring rights agreement with Red Bull for the energy drink beverage category,as such, advertising of any competing products is prohibited; L.Advertising related to marijuana or medical marijuana to the extent prohibited by State or federal law,including,without limitation,Section 381.986(8)(h)of the Florida Statutes; M.contains images or information that demeans an individual or group of individuals on account of race,color,religion,national origin,ancestry,gender,age,disability or sexual orientation; and N.any such additional prohibited category of advertising or additional requirement for the installation and display of the advertisements,which may be added at any time by the City Manager,at the City Manager's sole option and discretion; provided that the City Manager or designee shall provide Concessionaire with written notice of such additional category or requirement. 26 16.2.5.5 Advertising of alcoholic beverages,as defined by Section 561.01, Florida Statutes,shall be permitted only on the Advertising Kiosks and with the following restrictions: A.No advertising for alcoholic beverages or legal cannabis shall be within 250 feet of any type of public or private school, including pre-schools,elementary schools,middle schools, high schools,colleges,and universities; B.No advertising for alcoholic beverages or legal cannabis shall be within 250 feet of houses of worship,including churches, synagogues,temples,and mosques; C.No advertising for alcoholic beverages shall be within 250 feet of Hospitals or addiction treatment centers; D.No ad shall be allowed that promotes over consumption or boisterous/party behaviors; E.All advertising for alcoholic beverages must include the disclaimer below as mandated by the Alcoholic Beverage Labeling Act ("ABLA")of 1988.Government warning disclaimer must be equal to at least 10%of the size of the ad: "GOVERNMENT WARNING:(1)According to the Surgeon General,women should not drink alcoholic beverages during pregnancy because of the risk of birth defects.(2) Consumption of alcoholic beverages impairs your ability to drive a car or operate machinery,and may cause health problems. 16.2.5.6 Advertising Removal.Any prohibited or unacceptable material displayed or placed shall be removed (or covered,so as to not display the advertising material in question)within 48 hours by Concessionaire upon receipt of written notice from the City Manager or City Manager's designee.In the event Concessionaire fails to remove or cover any prohibited or unacceptable material within forty-eight hours of receipt of written notice from the City,the City may,at its sole option and discretion, remove or cover the prohibited material and charge Concessionaire for the actual cost thereof,or terminate this Agreement for cause, without further notice to Concessionaire.The City shall not be liable for any damages in connection therewith. 16.3 At the sole option and discretion of the City Manager,the City may place a link to any website maintained by Concessionaire,including for users to reach Concessionaire and/or learn more information about the Program.Concessionaire agrees to place a link for the City of Miami Beach on its website to inform users of the City Property locations under the Program.At the City's request, Concessionaire shall remove the link or any reference to the Miami Beach Program or City Property locations.Both the City and Concessionaire agree to make good faith efforts to promote the use of Equipment within the City of Miami Beach under the terms of this Agreement.Any placement of advertisement or other form of promotion of the Program,including City Property locations which 27 are the subject of the Program,shall be subject to the prior written approval of the City Manager. SECTION 1Z.NO IMPROPER USE. The Concessionaire will not use,nor suffer or permit any person to use in any manner whatsoever,any Concession Areas or Concession Area Improvements thereon,for any illegal,improper,immoral or offensive purpose,or for any other purpose in violation of any Federal,State,County,or municipal ordinance,rule,order or regulation,or of any governmental rule or regulation now in effect or hereafter enacted or adopted.The Concessionaire will protect,indemnify,and forever save and keep harmless the City,its officials,employees,contractors,and agents from and against damage,penalty,fine, judgment,expense or charge suffered,imposed,assessed or incurred for any violation, or breach of any law,ordinance,rule,order or regulation occasioned by any act,neglect or omission of the Concessionaire,or any official,director,agent,contractor,or servant regarding the concession.In the event of any violation by the Concessionaire,or if the City or its authorized representative shall deem any conduct on the part of the Concessionaire to be objectionable or improper,the City shall have the right to suspend concession operation should the Concessionaire fail to correct any such violation,conduct, or practice to the satisfaction of the City Manager or Contract Manager within twenty- four (24)hours following written notice of the nature and extent of such violation, conduct,or practice.Such suspension to continue until the violation is cured to the satisfaction from the City Manager or Contract Manager. SECTION 18.NOTICES, Any notice required to be given or otherwise given pursuant to this Contract shall be in writing and shall be hand delivered,mailed by certified mail,return receipt requested or sent recognized overnight courier service as follows: If to CONCESSIONAIRE: With copy to: If to the CITY: With copy to: Deco Bike,LLC. 41 NE 17 Terrace Miami,Florida 33132 Attn:Ricardo Pierdant E-mail:ricardopierdant@aol.com E-mail:management@decobike.com City of Miami Beach Attention:Parking Director 1755 Meridian Avenue,2"Floor Miami Beach,Florida 33139 City of Miami Beach Attention:City Manager 1700 Convention Center Drive Miami Beach,Florida 33139 Notwithstanding the foregoing,the City expressly authorizes Deco Bike,LLC.,to notice its designated Contract Manager,with a mailing address of City of Miami Beach Parking Department,1755 Meridian Avenue,2°Floor,Miami Beach,Florida 33139 with regard to all matters pertinent to this Agreement,except with respect to any alleged defaults, 28 which will require notice to the parties set forth in Section 18. SECTION 19.LAWS. 19.1 Compliance. Concessionaire shall comply with all applicable City,County,State,and Federal ordinances,statutes,rules and regulations,including but not limited to all applicable environmental City,County,State,and Federal ordinances,statutes, rules and regulations. 19.2 Governing Law. Governing Law.This Agreement shall be governed by and construed in accordance with the laws of the State of Florida.Any civil action arising in any way from this Agreement or the activities of the parties under this Agreement shall be brought only in a court of competent jurisdiction located in Miami-Dade County,Florida. 19.3 Equal Employment Opportunity. Neither Concessionaire nor any affiliate of Concessionaire performing services hereunder,or pursuant hereto,will discriminate against any employee or applicant for employment because of race,creed,sex,color,national origin, sexual orientation,and disability (as defined in Title I of ADA).Concessionaire will take affirmative steps to utilize minorities and females in the work force and in correlative business enterprises. 19.4 No Discrimination. Concessionaire agrees that there shall be no discrimination as to as to race, color,national origin,religion,sex,intersexuality,sexual orientation,gender identity,marital and familial status,or age,or handicap,in the operations referred to in this Agreement;and,further,there shall be no discrimination regarding any use,service,maintenance,or operation within the Concession Areas.All operations and services offered in the Concession Areas shall be made available to the public,subject to the right of the Concessionaire and the City to establish and enforce reasonable rules and regulations to provide for the safety,orderly operation,and security of the Concession Areas and improvements and Equipment thereon. Additionally,Concessionaire shall comply fully with the City of Miami Beach Human Rights Ordinance,codified in Chapter 62 of the City Code,as may be amended from time to time,prohibiting discrimination in employment (including independent contractors),housing,public accommodations,public services,and in connection with its membership or policies because of actual or perceived race,color,national origin,religion,sex,intersexuality,gender identity,sexual orientation,marital and familial status,age,disability,ancestry,height,weight,hair texture and/or hairstyle, domestic partner status,labor organization membership,familial situation,or political affiliation. SECTION 20.MISCELLANEOUS. 20.1 No Partnership. Nothing contained in this Agreement shall constitute or be construed to be or create a partnership or joint venture between the City and Concessionaire. 29 20.2 Modifications. This Agreement cannot be changed or modified except by Agreement in writing executed by all parties hereto.Concessionaire acknowledges that no modification to this Agreement may be agreed to by the City unless approved by the Mayor and City Commission except where such authority has been expressly provided herein to the City Manager or Contract Manager. 20.3 Complete Agreement. This Agreement,together with all exhibits incorporated hereto,constitutes all the understandings and Agreements of whatsoever nature or kind existing between the parties with respect to Concessionaire's operations,as contemplated herein. 20.4 Headings. The section,subsection and paragraph headings contained herein are for convenience of reference only and are not intended to define,limit,or describe the scope or intent of any provision of this Agreement. 20.5 Binding Effect. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. 20.6 Clauses. The illegality or invalidity of any term or any clause of this Agreement shall not affect the validity of the remainder of the Agreement,and the Agreement shall remain in full force and effect as if such illegal or invalid term or clause were not contained herein unless the elimination of such provision detrimentally reduces the consideration that either party is to receive under this Agreement or materially affects the continuing operation of this Agreement. 20.7 Severability. If any provision of this Agreement or any portion of such provision or the application thereof to any person or circumstance shall be held to be invalid or unenforceable,or shall become a violation of any local,State,or Federal laws,then the same as so applied shall no longer be a part of this Agreement but the remainder of the Agreement,such provisions and the application thereof to other persons or circumstances,shall not be affected thereby and this Agreement as so modified shall. 20.8 Right of Entry. The City,at the direction of the City Manager,shall at all times during hours of operation,have the right to enter into and upon any and all parts of the Concession Area(s)for the purposes of examining the same for any reason relating to the obligations of parties to this Agreement. 20.9 Not a Lease. It is expressly understood and agreed that no part,parcel,building,facility, equipment or space is leased to the Concessionaire,that it is a concessionaire and not a lessee;that the Concessionaire's right to operate the concession shall continue only so long as this Agreement remains in effect. 30 20.10 Procedure for Approvals and/or Consents. In each instance in which the approval or consent of the City Manager or Contract Manager is allowed or required in this Agreement,it is acknowledged that such authority has been expressly provided herein to the City Manager or Contract Manager by the Mayor and City Commission of the City.In each instance in which the approval or consent of the City Manager or Contract Manager is allowed or required in this Agreement,Concessionaire shall send to the City Manager a written request for approval or consent (the "Approval Request"). The City Manager or Contract Manager shall use reasonable efforts to provide written notice to Concessionaire approving of consent to,or disapproving of the request,within thirty (30)days from the date of Approval Request (or within such other time period as may be expressly set forth for a particular approval or consent under this Agreement).However,the City Manager or Contract Manager's failure to consider such request within this time provided shall not be deemed a waiver,nor shall Concessionaire assume that the request is automatically approved and consented to.This subsection shall not apply to approvals required herein by the Mayor and City Commission. 20.11 No Waiver. It is mutually covenanted and agreed by and between the parties hereto that the failure of the City to insist upon the strict performance of any of the conditions, covenants,terms or provisions of this Agreement,or to exercise any option herein conferred,will not be considered or construed as a waiver or relinquishment for the future of any such conditions,covenants,terms,provisions or options but the same shall continue and remain in full force and effect.A waiver of any term expressed herein shall not be implied by any neglect of the City to declare a forfeiture on account of the violation of such term if such violation by continued or repeated subsequently and any express waiver shall not affect any term other than the one specified in such waiver and that one only for the time and in the manner specifically stated. The receipt of any sum paid by Concessionaire to the City after breach of any condition,covenant,term or provision herein contained shall not be deemed a waiver of such breach,but shall be taken,considered and construed as payment for use and occupation,and not as rent,unless such breach be expressly waived in writing by the City. 20.12 No Third Party Beneficiary. Nothing in this Agreement shall confer upon any person or entity,including, but not limited to sub concessionaires,other than the parties hereto and their respective successors and permitted assigns,any rights or remedies by reason of this Agreement. SECTIO N 21.LIM IT ATI ON O E LIA BI LI TY, The City desires to enter into this Agreement placing the operation and management of the Concession Area(s)in the hands of a private management entity only if so doing the City can place a limit on its liability for any cause of action for breach of this Agreement,so that its liability for any such breach never exceeds the sum of One Hundred Thousand ($100,000.00)Dollars.Concessionaire hereby expresses its 31 willingness to enter into this Agreement with Concessionaire's re cove ry from the City for any damage action for breach of contract to be limited to a maximum amount of One Hundred Thousand ($100,000.00)Dollars. Accordingly,and notwithstanding any other term or condition of this Agreement,Concessionaire hereby agrees that the City shall not be liable to Concessionaire for damages in an amount in excess of One H u n d red Thousand ($100,000.00)Dollars,for any action for breach of contract arising out of the performance or on-performance of any obligations imposed upon the City by this Agreement. Nothing contained in this paragraph or elsewhere in this Agreement is in any way intended to be a waiver of limitation placed upon the City's liability as set forth in Florida Statutes, Section 768.28. SECTION 22.VENUE, This Agreement shall be deemed to have been made and shall be construed and interpreted in accordance with the laws of the State of Florida.This Agreement shall be enforceable in Miami-Dade County,Florida,and if legal action is necessary by either party with respect to the enforcement of any and all the terms or conditions herein, exclusive venue for the enforcement of same shall lie in Miami-Dade County,Florida. CITY AND CONCESSIONAIRE HEREBY KNOWINGLY AND INTENTIONALLY WAIVE THE RIGHT TO TRIAL BY JURY IN ANY ACTION OR PROCEEDING THAT CITY AND CONCESSIONAIRE MAY HEREIN AFTER INSTITUTE AGAINST EACH OTHER WITH RESPECT TO ANY MATTER ARISING OUT OF OR RELATED TO THIS AGREEMENT OR THE CONCESSION AREA(S). SECTION 23.CONFLICT OF INTEREST. Concessionaire agrees to adhere to and be governed by the Miami-Dade County Ethics and Conflict of Interest laws,as same may be amended from time to time,and by the City of Miami Beach Charter and Code,as same may be amended from time to time,in connection with the performance of the Services. Concessionaire covenants that it presently has no interest and shall not acquire any interest,direct or indirectly,which would conflict in any manner or degree with the performance of the work and services contemplated in this Agreement.The Concessionaire further covenants that in the performance of this Agreement,no person having any such interest shall knowingly be employed by the Concessionaire. SECTION 24.FLORIDA PUBLIC RECORDS LAW 24.1 Concessionaire shall comply with Florida Public Records law under Chapter 119, Florida Statutes,as may be amended from time to time. 24.2 The term "public records"shall have the meaning set forth in Section 119.011 (12), which means all documents,papers,letters,maps,books,tapes,photographs,films, sound recordings,data processing software,or other material,regardless of the physical form,characteristics,or means of transmission,made or received pursuant to law or ordinance or in connection with the transaction of official business of the City. 32 24.3 Pursuant to Section 119.0701 of the Florida Statutes,if the Concessionaire meets the definition of "Contractor"as defined in Section 119.0701 (1 )(a),the Concessionaire shall: A.Keep and maintain public records required by the City to perform the service; B.Upon request from the City's custodian of public records,provide the City with a copy of the requested records or allow the records to be inspected or copied within a reasonable time at a cost that does not exceed the cost provided in Chapter 119,Florida Statutes or as otherwise provided by law; C.Ensure that public records that are exempt or confidential and exempt from public records disclosure requirements are not disclosed,except as authorized by law,for the duration of the contract term and following completion of the Agreement if the Concessionaire does not transfer the records to the City; D.Upon completion of the Agreement,transfer,at no cost to the City,all public records in possession of the Concessionaire or keep and maintain public records required by the City to perform the service.If the Concessionaire transfers all public records to the City upon completion of the Agreement,the Concessionaire shall destroy any duplicate public records that are exempt or confidential and exempt from public records disclosure requirements.If the Concessionaire keeps and maintains public records upon completion of the Agreement,the Concessionaire shall meet all applicable requirements for retaining public records.All records stored electronically must be provided to the City,upon request from the City's custodian of public records,in a format that is compatible with the information technology systems of the City. 24.4 Request for Records;Noncompliance. A.A request to inspect or copy public records relating to the City's contract for services must be made directly to the City.If the City does not possess the requested records,the City shall immediately notify the Concessionaire of the request,and the Concessionaire must provide the records to the City or allow the records to be inspected or copied within a reasonable time. B.Concessionaire's failure to comply with the City's request for records shall constitute a breach of this Agreement,and the City,at its sole discretion, may:(1)unilaterally terminate the Agreement;(2)avail itself of the remedies set forth under the Agreement;and/or (3)avail itself of any available remedies at law or in equity. C.A Concessionaire who fails to provide the public records to the City within a reasonable time may be subject to penalties under s.119.10. 24.5 Civil Action. A.If a civil action is filed against a Concessionaire to compel production of public records relating to the City's contract for services,the court shall assess and award against the Concessionaire the reasonable costs of enforcement,including reasonable attorneys'fees,if: 1.The court determines that the Concessionaire unlawfully refused to comply with the public records request within a reasonable time;and 2.At least 8 business days before filing the action,the plaintiff provided written notice of the public records request,including a statement that the Concessionaire has not complied with the request,to the City and to the Concessionaire. B.A notice complies with subparagraph (A)(2)if it is sent to the City's custodian of public records and to the Concessionaire at the Concessionaire's address listed on its contract with the City or to the Concessionaire's registered agent. 33 Such notices must be sent by common carrier delivery service or by registered,Global Express Guaranteed,or certified mail,with postage or shipping paid by the sender and with evidence of delivery,which may be in an electronic format. C.A Concessionaire who complies with a public records request within 8 business days after the notice is sent is not liable for the reasonable costs of enforcement. 24.6 IF THE CONCESSIONAIRE HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119,FLORIDA STATUTES, OR AS TO THE CONCESSIONAIRE'S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS AGREEMENT, CONTACT THE CUSTODIAN OF PUBLIC RECORDS AT: CITY OF MIAMI BEACH ATTENTION:RAFAEL E.GRANADO,CITY CLERK 1700 CONVENTION CENTER DRIVE MIAMI BEACH,FLORIDA 33139 E-MAIL:RAFAELGRANADO@MIAMIBEACHFL.GOV PHONE:305-673-7411 24.7 Public Records Exception.As of the Effective Date of this Agreement, Concessionaire seeks to invoke the protections of Chapter 119,Florida Statutes and has requested that the Sponsorship Extension Chart for the years 2025-2029,entitled "Citi Bike Sponsorship Agreement and Sponsorship Extension Chart"be withheld from public disclosure pursuant to Chapter 119, Florida Statutes and Florida Statutes Sections §815.045,$812.081(1)0) §815.04(3),§288.075,and §688.002.Concessionaire warrants and represents that this information is nonpublic,confidential commercial, financial,and trade secret information (collectively,"Trade Secret Information"),which is for use,or is used,in the operation of Concessionaire's business,the disclosure of which would cause substantial harm to Concessionaire's competitive position.Florida Statutes Sections §815.045 and §812.081 (1 )(c),permits an agency to withhold trade secrets,including confidential commercial and financial information,from disclosure if such information provides the business an advantage,or an opportunity to obtain an advantage,over those who do not know or use it.To that end, Concessionaire has conspicuously marked the Citi Bike Sponsorship Agreement and Sponsorship Extension Chart as "Trade Secret Information" and will similarly mark any future any trade secret information which Concessionaire provides to the City as Trade Secret Information prior to the submission of such information to the City.If the City receives a request for information which Concessionaire has marked as being "Trade Secret Information",the City will notify Concessionaire of its receipt of the request and may request that Concessionaire execute a Trade Secret Affidavit in the form acceptable to the City,setting forth the basis for the exemption,and at 34 that time,Concessionaire may provide a redacted document.If the requester of the public record objects to the exemption,the City will promptly provide Concessionaire with notice of the objection,so as to provide Concessionaire with an opportunity to resolve the objection or file an action with a court of competent jurisdiction within thirty (30)calendar days,seeking an order barring public disclosure of the document.If Concessionaire fails to file a lawsuit within such time period,the City shall produce the public records requested in accordance with Florida law.Concessionaire agrees to indemnify,defend and hold harmless the City with respect to all expenses, including any court costs and attorney's fees,which may be incurred by the City in connection with any administrative or court processing,including any appellate action,arising out of any public records request relating to any information asserted to be Trade Secret Information by Concessionaire. Notwithstanding any other provision contained in this Agreement,this Agreement,including its terms,and any other records that the City keeps in connection with this Agreement,as part of its transaction of official business, shall not be considered Trade Secret Information. SECTION 25.INSPECTOR GENERAL AUDIT RIGHTS. 25.1 Pursuant to Section 2-256 of the Code of the City of Miami Beach,the City has established the Office of the Inspector General which may,on a random basis, perform reviews,audits,inspections and investigations on all City contracts, throughout the duration of said contracts.This random audit is separate and distinct from any other audit performed by or on behalf of the City. 25.2 The Office of the Inspector General is authorized to investigate City affairs and empowered to review past,present and proposed City programs,accounts,records, contracts and transactions.In addition,the Inspector General has the power to subpoena witnesses,administer oaths,require the production of witnesses and monitor City projects and programs.Monitoring of an existing City project or program may include a report concerning whether the project is on time,within budget and in conformance with the contract documents and applicable law.The Inspector General shall have the power to audit,investigate,monitor,oversee,inspect and review operations,activities,performance and procurement process including but not limited to project design,bid specifications,(bid/proposal)submittals,activities of the Concessionaire,its officers,agents and employees,lobbyists,City staff and elected officials to ensure compliance with the contract documents and to detect fraud and corruption.Pursuant to Section 2-378 of the City Code,the City is allocating a percentage of its overall annual contract expenditures to fund the activities and operations of the Office of Inspector General. 25.3 Upon ten (10)days written notice to the Concessionaire,the Concessionaire shall make all requested records and documents available to the Inspector General for inspection and copying.The Inspector General is empowered to retain the services of independent private sector auditors to audit,investigate,monitor,oversee,inspect and review operations activities,performance and procurement process including but not limited to project design,bid specifications,(bid/proposal)submittals, 35 activities of the Concessionaire,its officers,agents and employees,lobbyists,City staff and elected officials to ensure compliance with the contract documents and to detect fraud and corruption. 25.4 The Inspector General shall have the right to inspect and copy all documents and records in the Concessionaire's possession,custody or control which in the Inspector General's sole judgment,pertain to performance of the contract,including, but not limited to original estimate files,change order estimate files,worksheets, proposals and agreements from and with successful subcontractors and suppliers, all project-related correspondence,memoranda,instructions,financial documents, construction documents,(bid/proposal)and contract documents,back-change documents,all documents and records which involve cash,trade or volume discounts,insurance proceeds,rebates,or dividends received,payroll and personnel records and supporting documentation for the aforesaid documents and records. 25.5 The Concessionaire shall make available at its office at all reasonable times the records,materials,and other evidence regarding the acquisition (bid preparation) and performance of this Agreement,for examination,audit,or reproduction,until three (3)years after final payment under this Agreement or for any longer period required by statute or by other clauses of this Agreement.In addition: A.If this Agreement is completely or partially terminated,the Concessionaire shall make available records relating to the work terminated until three (3) years after any resulting final termination settlement;and B.The Concessionaire shall make available records relating to appeals or to litigation or the settlement of claims arising under or relating to this Agreement until such appeals,litigation,or claims are finally resolved. 25.6 The provisions in this section shall apply to the Concessionaire,its officers,agents, employees,subcontractors and suppliers.The Concessionaire shall incorporate the provisions in this section in all subcontracts and all other agreements executed by the Concessionaire in connection with the performance of this Agreement. 25.7 Nothing in this section shall impair any independent right to the City to conduct audits or investigative activities.The provisions of this section are neither intended nor shall they be construed to impose any liability on the City by the Concessionaire or third parties. SECTION 26.E-VERIFY. 26.1 To the extent that Concessionaire provides labor,supplies,or services under this Agreement,Concessionaire shall comply with Section 448.095,Florida Statutes, "Employment Eligibility"("E-Verify Statute"),as may be amended from time to time.Pursuant to the E-Verify Statute,commencing on January 1,2021, Concessionaire shall register with and use the E-Verify system to verify the work authorization status of all newly hired employees during the Term of the Agreement.Additionally,Concessionaire shall expressly require any subcontractor performing work or providing services pursuant to the Agreement to likewise utilize the U.S.Department of Homeland Security's E-Verify system to verify the employment eligibility of all new employees hired by the subcontractor during the 36 contract Term.If Concessionaire enters into a contract with an approved subcontractor,the subcontractor must provide the Concessionaire with an affidavit stating that the subcontractor does not employ,contract with,or subcontract with an unauthorized alien.Concessionaire shall maintain a copy of such affidavit for the duration of the subcontract or such other extended period as may be required under this Agreement. 26.2 TERMINATION RIGHTS. A.If the City has a good faith belief that Concessionaire has knowingly violated Section 448.09(1),Florida Statutes,the City shall terminate this Agreement with Concessionaire for cause,and the City shall thereafter have or owe no further obligation or liability to Concessionaire. 8.If the City has a good faith belief that a subcontractor has knowingly violated the foregoing Subsection 26.1,but the Concessionaire otherwise complied with such subsection,the City will promptly notify the Concessionaire and order the Concessionaire to immediately terminate the contract with the subcontractor.Concessionaire's failure to terminate a subcontractor shall be an event of default under this Agreement,entitling City to terminate this Agreement for cause. C.A contract terminated under the foregoing Subsection 26.2(A)or 26.2(B)is not in breach of contract and may not be considered as such. D.The City or Concessionaire or a subcontractor may file an action with the Circuit or County Court to challenge a termination under the foregoing Subsection 26.2(A)or 26.2(B)no later than 20 calendar days after the date on which the contract was terminated. E.If the City terminates the Agreement with Concessionaire under the foregoing Subsection 26.2(A),Concessionaire may not be awarded a public contract for at least 1 year after the date of termination of this Agreement. F.Concessionaire is liable for any additional costs incurred by the City as a result of the termination of this Agreement under this Section 26. SECTION 27.CONCESSIONAIRE'S COMPLIANCE WITH ANTI-HUMAN TRAFFICKING LAWS. Concessionaire agrees to comply with Section 787.06,Florida Statutes,as may be amended from time to time,and has executed the Certification of Compliance with Anti- Human Trafficking Laws,as required by Section 787.06(13),Florida Statutes,a copy of which is attached hereto as Exhibit 27. SECTION 28.PROHIBITION ON CONTRACTING WITH A BUSINESS ENGAGING IN A BOYCOTT. Concessionaire warrants and represents that it is not currently engaged in,and will not engage in,a boycott,as defined in Section 2-375 of the City Code.In accordance with Section 2-375.1 (2)(a)of the City Code,Concessionaire hereby certifies that Concessionaire is not currently engaged in,and agrees for the duration of the Agreement to not engage in,a boycott of Israel. 37 SECTION 29.PROHIBITION AGAINST CONTRACTING WITH FOREIGN COUNTRIES OF CONCERN WHEN AN INDIVIDUAL'S PERSONAL IDENTIFYING INFORMATION MAY BE ACCESSED. In connection with the operation of the Program services,Concessionaire hereby agrees to comply with Section 287.138,Florida Statutes,which states that as of January 1,2024,a governmental entity may not accept a bid on,a proposal for,or a reply to,or enter into,a contract with an entity which would grant the entity access to an individual's personal identifying information (PII)unless the entity provides the governmental entity with an affidavit signed by an officer or representative of the entity under penalty of perjury attesting that the entity does not meet any of the criteria in Paragraphs 2(a)-(c)of Section 287.138, Florida Statutes:(a)the entity is owned by a government of a foreign country of concern; (b)the government of a foreign country of concern has a controlling interest in the entity;or (c)the entity is organized under the laws of or has its principal place of business in a foreign country of concern (each a "Prohibited Entity").A foreign country of concern is defined in Section 287.138 (1 )(c),Florida Statutes,as may be amended from time to time,as the People's Republic of China,the Russian Federation,the Islamic Republic of Iran,the Democratic People's Republic of Korea,the Republic of Cuba,the Venezuelan regime of Nicolas Maduro,or the Syrian Arab Republic,including any agency of or any other entity of significant control of such foreign country of concern.Concessionaire warrants and represents that it does not fall within the definition of a Prohibited Entity,and as such,has caused an authorized representative of Concessionaire to execute the "Prohibition Against Contracting with Entities of Foreign Countries of Concern Affidavit",incorporated herein by reference and attached hereto as Exhibit 29. REMAINDER OF THIS PAGE LEFT BLANK 38 Docusign Envelope ID:AE698423-CEF 1-4FF0-B6DA-11B8F331CA9A IN WITNESS WHEREOF,the parties hereto have caused their names to be signed and their seals to be affixed,all as of the day and year first above written, indicating their Agreement Attest:CITY OF MIAM I BEACH,FLORIDA 7lRafaelE.Granado,City Clerk FEB ', [)3[,» , U.l Attest: 15-iie o L.::064 Fl357FA-115405--------- 0eco Bike,LLC. [ Docu~i~ned by: {oe, ,ti BONIFACIO DIAZ co o Ricardo Pierdant PRESIDENT Print Name and Title n.,1/15/2025 1 10:28 AM PSTEld[d, Print Name and Title 39 APPROVED AS TOFORM&LANG UAGE &FOR EXECUTION @tu.-Qlels Ci Antonevf4 Doto Exhibit 2.2 Typical Concession Area Site Plan and Concession Area Site List I.Concession Area Site Plan Typical Site Plans as follow: Ee,ZaN 16-BIKE STATION LAYOUT 38.25 ,--·-----------------·--·-·---------------[[x y]sly]:7/.7·7.7..7·.7-7t±t t s t r l•' .I ----7 16-BIKE DOUBLE STATION LAYOUT I I;:.{f t',.,,.,.,I 20.25Iy1 ¥+1tII I0~i ..i ..ii.i ~ci r ipr"r "rt "pr "m "rr......j ;-'.:I t I 1 I '"!.,t \-,_ i .,I «d ,I .,,I t.,,1't 279 27,3¢23730 273¢27so .------•,••------I--••------r -----·1--------• ...-wr 43 S:l A'.--1 I I is 4.)\ id l ;l±i;ls 4 4 4++a + r» I'it t t 27so 27se i_] l. 9 •t i I C>o II I. Note some site plans may differ slightly in the field but generally in the format shown above. 40 II.Concession Area Site List Station#City Name SubZone Address 000101 Miami Beach South Beach Inside South Pointe Park 000102 Miami Beach South Beach Entrance to South Pointe Park 000103 Miami Beach South Beach Ocean Dr &1st Street 000105 Miami Beach South Beach 1st Street &Alton Rd 000106 Miami Beach South Beach Ocean Dr &2nd Street 000107 Miami Beach South Beach 2nd Street &Collins Ave 000109 Miami Beach South Beach Michigan Ave &3rd Street 000111 Miami Beach South Beach 4th Street &Alton Rd 000112 Miami Beach South Beach Washington Ave &3rd Street 000114 Miami Beach South Beach Ocean Dr &5th Street 000116 Miami Beach South Beach Ocean Dr &7th Street 000117 Miami Beach South Beach Ocean Dr &9th Street 000118 Miami Beach South Beach Ocean Dr and 10th Street (Art Deco Welcome Center) 000119 Miami Beach South Beach Ocean Dr and 12th Street 000121 Miami Beach South Beach Ocean Dr at 14th Street 000122 Miami Beach South Beach Ocean Dr &15th Street 000123 Miami Beach South Beach Washington Ave &7th Street 000124 Miami Beach South Beach 7th Street Parking Garage 000126 Miami Beach South Beach Meridian Ave &6th St 000127 Miami Beach South Beach Jefferson Ave &6th Street 000128 Miami Beach South Beach Michigan Ave &5th Street 000129 Miami Beach South Beach Lenox Ave &6th Street 000130 Miami Beach South Beach 800 West Ave 000132 Miami Beach South Beach 9th Street &Lenox Ave 000133 Miami Beach South Beach 9th Street &Meridian Ave 000134 Miami Beach South Beach 8th Street &Jefferson Ave 000136 Miami Beach South Beach 9th Street &Washington Ave 000138 Miami Beach South Beach 11th Street &Washington Ave 000139 Miami Beach South Beach West Ave &10th Street (Whole Foods) 000141 Miami Beach South Beach Jefferson Ave &11th Street (Flamingo Park) 000142 Miami Beach South Beach Alton Rd at 11th Street (Flamingo Park) 000143 Miami Beach South Beach 12th Street &West Ave 000144 Miami Beach South Beach Meridian Ave &13th Street (Flamingo Park) 000145 Miami Beach South Beach 14th &Alton 000146 Miami Beach South Beach Pennsylvania Ave &13th Street 000147 Miami Beach South Beach Washington &13th Street 000148 Miami Beach South Beach 13th Street &Collins Ave 000149 Miami Beach South Beach 14th Street &Collins Ave 000151 Miami Beach South Beach Michigan Ave &14th Street 000152 Miami Beach South Beach 14th Street &West Ave 000153 Miami Beach South Beach 14th Street &Bay Road 000154 Miami Beach South Beach Bay Rd &15th Street 000156 Miami Beach South Beach 16th Street &Bay Rd 000157 Miami Beach South Beach 15th Street &Alton Rd 000158 Miami Beach South Beach Euclid &15th Street 41 000159 Miami Beach South Beach 15th Street &Washington Ave 000161 Miami Beach South Beach 15th Street &Collins Ave 000162 Miami Beach South Beach Pennsylvania Ave &16th Street 000163 Miami Beach South Beach Lincoln Rd &James Ave (CVS Pharmacy) 000164 Miami Beach South Beach Washington Ave &17th Street (The Fillmore) 000166 Miami Beach South Beach Drexel Ave &Lincoln Rd (MB Community Church) 000167 Miami Beach South Beach Pennsylvania Ave &Lincoln Rd (H &M) 000168 Miami Beach South Beach Euclid Ave &Lincoln Lane (Oribe Salon) 000169 Miami Beach South Beach Meridian Ave &Lincoln Lane (Macy's) 000170 Miami Beach South Beach 1666 West Avenue 000171 Miami Beach South Beach Jefferson Ave &Lincoln Rd (DogBar) 000172 Miami Beach South Beach Michigan Ave &Lincoln Rd (The Gap) 000173 Miami Beach South Beach Lenox Ave &Lincoln Rd (YardHouse) 000174 Miami Beach South Beach Lincoln Road &West Ave 000175 Miami Beach South Beach Lincoln Rd &Bay Rd 000176 Miami Beach South Beach Venetian Causeway &Island Ave (The Standard Hotel 000177 Miami Beach North Beach Purdy Ave &18th Street (Marina) 000178 Miami Beach North Beach 17th Street &Convention Center Dr (City Hall) 000179 Miami Beach North Beach 19 St &Convention Center Dr 000181 Miami Beach North Beach 17th Street &Collins Ave 000182 Miami Beach North Beach 18th Street &Collins Ave 000183 Miami Beach North Beach Washington Ave &22 St (Washington Ct) 000184 Miami Beach North Beach 19th Street &Dade Blvd (Publix) 000187 Miami Beach North Beach West Ave &20th Street (Publix on the Bay) 000188 Miami Beach North Beach Sunset Dr &20th Street 000199 Miami Beach North Beach Washington Ave &21 St Street 000201 Miami Beach North Beach 21st Street &Collins Ave 000202 Miami Beach North Beach Miami Beach Dr &22 Street (In parking Lot) 000203 Miami Beach North Beach 23rd Street &Collins Ave (Walgreens) 000205 Miami Beach North Beach 24th and Collins Ave 000206 Miami Beach North Beach 25th Street &Collins Ave 000207 Miami Beach North Beach 26th Street &Collins Ave 000208 Miami Beach North Beach 26th Street &Pine Tree Dr 000209 Miami Beach North Beach 29th &Collins (Edition Hotel) 000210 Miami Beach North Beach 31st Street &Collins Ave 000211 Miami Beach North Beach 35th Street &Collins Ave 000212 Miami Beach North Beach 40th Street &Collins Ave 000214 Miami Beach North Beach Royal Palm Ave Between 41 St &42St 000215 Miami Beach North Beach Chase Ave Between 40st &41 st 000216 Miami Beach North Beach 39th Street &Alton Rd 000218 Miami Beach North Beach Prarie Between Chase &44 Terr 000220 Miami Beach North Beach Collins Ave &44th Street (Fountainbleau Hotel) 000221 Miami Beach North Beach 46th Street &Collins Ave (Parking Lot) 000302 Miami Beach North Beach Collins Ave &5300 Block 000304 Miami Beach North Beach 64th Street &Collins Ave (parking lot) 000305 Miami Beach North Beach 67th Street &Collins Ave 000306 Miami Beach North Beach 69th Street &Collins Ave (Publix) 000308 Miami Beach North Beach 71 st Street &Byron Ave 000310 Miami Beach North Beach Rue Notre Dame &71 Street 000311 Miami Beach North Beach Trouville Esplanade &Normandy Dr 42 000312 Court) 000313 000314 000315 000316 000401 Miami Beach North Beach 1102 Biarritz Dr (Normandy Shores Tennis Miami Beach North Beach 73rd Street &Dickens Ave Miami Beach North Beach Collins Ave &73rd Street Miami Beach North Beach 76th Street &Collins Ave Miami Beach North Beach 79th Street &Collins Ave Miami Beach North Beach 88th Street &Harding Ave 43 Exhibit 3.1 Program Equipment (Rental Kiosks,Bicycle Racks and Bicycles) 35 Exhibit 3.1 (a) Rental Kiosks and Bicycle Racks 36 Exhibit 3.1 (b) Docked Bicycle Image and Specifications The Program consists of both commercial-grade mechanical and electric-assist bikes in 24-inch and 26-inch versions,generally as follows: -;2< J ,,_;_-."~·.,-.·:_..,~.,·'';' t o .;.-_,,· :·.-.·"·•••.'\~.- '_5 -:.;,._-~'Q ,,- -di'{le,{ 'is ni t 4',Ki•.gg8 2ES5lg±ea% Eis_Ssh:.i.le 1iii 37 Frame 6061 PG Aluminum (T4/T6)HIT:50"4434x132 Fork CS-9101 Hi Tensile Steel,Integrated Style Crown, Curved Legs with Double Eyelets 28.6x1.4T Headset Alloy,25.4-44-30,Semi Integrated Bearings Handlebar Custom,Alloy &Steel Stem Alloy,180mm Quill x 90mm Extension x 30 Degree IRise25.4mm Barbore Grips Black/Grey,130mm Len gth Seat Binder Alloy Seat Clamp with Quick Release,wlLocking Mech. Seat Post Alloy w/lntegrated Clamp,31.8mm x 400mm , Accommodates Riders 5'-6'3" Saddle Cionlli 7257 with Chromoly Rails and Elastomer Suspension Cranks Alloy 3 Piece Crank with PVC Disc Cover-Grey, 170mm,42T Steel Ring Chainring Steel,42T x 1/2"x 1/8" BB Steel,BC1.37"24T.Double Sealed Bearings (Shimano Tool Compatible) Chain K.M.C.Z410 Rust Buster,1/2"x 1/8" Chain Guard Steel or alloy Pedals VP-LED1,Boron Ax le,9/16" F.Hub DH-3N2ONT Dynamo Front Hub 12G x 36H,Nutted R-Hub Shimano Internal Coaster Brake,12G x 36H x 3/8" 150mm Axle Sprocket /Freewheel 20T x1/2"x 1/8" Rims 26"x1.95"/2.125"x 36H x 12G,Alloy Spokes 12G Stainless Steel with Brass Nipples Tires CST 26 x1.95" Tubes Tubes with Puncture Sealant,American Schrader Valves, Kickstand Alloy Lighting Active Front and Rear Fenders PC Fender Set.Rear Fender Must have 2 Struts instead of 1 Fender Must also have SW-803G Fender Protector or similar Bell Alloy Bell with Plastic Base Basket Stainless Steel or Alloy Custom Integrated Basket Structure Reflectors 4 pieces to Meet CPSC Standards Bike Weight 36-38 Pounds,Based on Custom Specs Note Specs Subject to Change and Modification 38 Exhibit 3.1 (c) Docked E-Bike Guidelines •An E-Bike shall be defined as a bicycle,equipped with two tandem wheels and a motor that provides assistance only when the rider is pedaling,and that ceases to provide assistance when the bicycle reaches 12 miles per hour. •Concessionaire shall operate up to 100 E-Bikes,in the design approved herein within the current Concession Areas,and the combined number of regular bicycles and E-Bikes shall never exceed the Operational Ceiling established under the Agreement. •Concessionaire shall have the discretion of placing and moving E-Bikes across all docking stations depending on the usage and demand of the E-Bikes. •Concessionaire shall provide its users with instructions detailing where they are permitted to ride,including applying stickers on the inside of each bicycle basket,on the exterior of each docking station,and on its website,pursuant to the restrictions set forth in Section 70-67 of the City Code,as may be amended from time to time. •Concessionaire agrees to equip the bicycles with GPS tracking devices,which may be used by Concessionaire or the City to locate the bicycles. •Electric bikes are not allowed to be ridden on any sidewalk in Miami or Miami Beach,the Beach Walk,Lincoln Road Mall,South Pointe Park,Pier and Cutwalk, Marina Baywalk,Collins and Lummus Park.(See map with prohibited riding locations:https://citibikemiami.com/map ) •For adult riders only 18+ •Citi Bikes are NOT permitted on the Metrorail or Metro Mover systems.Miami- Dade Transit Security and local police are authorized to stop anyone who fails to comply and may retain the bike(s). 39 Exhibit 3.8 Price Schedule Memberships- •Standard Monthly Membership Subscriptions:$20 per month (enjoys unlimited 30- minute rides;requires 3-month minimum commitment) •Deluxe Monthly Membership Subscriptions:$25 per month (enjoys unlimited 60- minute rides;requires 3-month minimum commitment) •1-Month Membership:$35 (enjoys unlimited 60-min rides) •1-Day Membership:$24 (enjoys unlimited rides and ride time during the membership period) Hourly Rentals -Mechanical Bikes {enjoys unlimited rides during the rental period)- •½HR:$6.50 •1HR:$8.50 •2HR:$10.95 •4HR:$18.00 •24HR:$24.00 Hourly Rentals -Electric-Assist Bikes {enjoys unlimited rides during the rental period;rates for electric-assist bikes are currently the same as mechanical bikes and are expected to be a higher cost than mechanical bikes during the contract term)- •½HR:$6.50 •1 HR:$8.50 •2HR:$10.95 •4HR:$18.00 •24HR:$24.00 Additional Fees/Charges- •Additional Usage (late return fees):$4.95 per half hour •Membership account reactivation (failed billing):$10 •Early Membership Termination Fee:$45 •Maximum Daily Rental Fees: o $75-Mechanical Bike o $75-Electric-Assist Bike •Unreturned Bike Recovery Fee (Deco staff successfully manually locates and retrieves an unreturned bike):$75 •Lost/stolen/unreturned bike fee:$1000 for mechanical bikes;$2300 for electric- assist bikes 40 Exhibit 3.10 Preparedness and Evacuation Plan Concessionaire shall endeavor to relocate or store bikes in a safe location per the terms of this agreement prior to the arrival of a major hurricane.In addition to Concessionaire's own storage facilities,Concessionaire may utilize additional storage at the following location: Aejandro Diaz March 1,2009 Ta Deco Bike,LLC. 3301 NE 4 Anus Miami,FL 33137 Re:Hurricane Storage Miami Beach cycle Rental Pr&gram To whom it ray sorcerrt: l hereby authorize Occo Bike,LLG.to utilize my warehouse,perirg and storage facilities (in addition lo heir own premises)in the vent of a hurricane so that tray may store equipment as needed to protect it ftomn the adverse weather con ditions. Attach ed you will find a copy of my dsrd.Should you have any questions,please feel fee to contact me at 305-742-7333. Regards.-.4.,ht5 Property G wnor 13321 SW 135th Avenue Miemi,FL 33185 41 THIS WARRANTY Dkn rufe anerecute?this Oeue 31,2C3 by LUCIANO E.A.MACHEAD),a m rtied ,biaft ee caLd the gan r,o AEE.IAND R EAZ,tnpl ran1,:o ne post off13s 4tr 9 k 1326$ .7.'47 9tect,Mini,I".23IB,hacinfrclld hc zrnrc: WIINESSETE:Thal tue gr an ter ,f ad in oside:tip pf th:n of L0,00 rd olhuex vulnzle oairc'rat:at:s,tciyt hereof is hrs:y ackwleded,y (he presents dat pmt,bargin,tell,alien,neraioe, rzzc.corsy nd cos:dam unto th:srt,all that c:rin lad aiatr inim±-Dado Uomty.Florida,rz on4or#hum Uk t',Huiting I.of RAGLE WEST EONDOIIIHM,a Cad4tititn a<cordingte De!z±tta af Condor1inhrr rerf,as rcoic3 1 Otcaa!Hooods Bock LP235,Hg6 )22,of he public r6cards f Iiami-Lade Caunty,Florid. SLU3JCT TO l.Tuxfr tha V a 2O3 and uh«squat var,r vet dus nd paybde. fernrrls nnjrna rest:ins,mt «nernrh enn tnvi in Phu;nrrim rl /irt kc ir:sturaant es pre puzd Er wdt0 08 6rm0 t2 rm rn p,Te.q. Ct Gatd Lea"Litle Ca.ngzry 2720 Caul Wsy.4ho: Mi n ,F Montie 35:43 42 lii irturaaer va:preszd Er dad t¢;I0d 0 t own Twp ,Tc. Ck Cal±La""Lt Ca.ny 2720 Cr.'sy 4hpo Liam,FMni:541 wARRANI'Y DEED petty \p20ir¢¢Paree. Idaifiwt.ox2lo}Nute3}: $.591401:01.) ('var oat +ati th tre "gar'rd 'gee"rzzlde al t prt:rs oit bemt a$hel,leg. .sr-"WE;Le'WI T3 ?+%±N!+gee;u6 > 5.Zonirg .rot:iris,puitimu,nd other requirrenus impzued by ur rt he dirctinu af .y goer.me:t s)ntb criy. ti.P!Lie urt'iry eenexu.:recd. Pocaty.3.'Tuns,pruviious.cuverxls,lier,uudiliuus,drz..s rux!opious roa.aind is,«rdrghls rd rAsrns cbisrd by,the De iacastin ot Condamriiurr zrordd in Cf:c:a.Records 1ool .9233,Page $22,of ruble records ot Mar±-Dude Com. ,[Jipyrfewer{a$«ln an 1no1 ,r«a'tel +1%719 tu«rSETTPFDHTDAS. CONT OF MAMI-DADR ) I HEREBY CERTIFY Y 0a th:1y,±win r,an otter fut?mu±rind in tho Sar»ate«zi an in tho Caty aorw±aid t ts kowtcmont poocliy ppcsc Lazano ±.Maco wto is parsoaly kosn to cc to bc the prsor kucncd m sat rro ccuud t¢tor¢gob ittrurcmt or who hi pod:cd ?""@ror"fir'a»'t s ii4if5aria +»d who re or+«r «no+lehU toe .e tu! t/'cxcGutd to m. TN5S uy hl «d uIIul el i be County zed Saa ls «eaai!hu:.y a of a..oo»,b9kt4Q ua2 xi3 L3£83s41 Al 4BOE :8 BO2 Gt 4€ ltd bx s:d rptr cab»full raa:tio titl:ta said land,nd wll dcfrl thr senc is tt aarl lain:of f xenons hom«cc.ve.. Grantar affinrcs tlxs aid poyery doe nor corstne he kotzstei o :h Gar r.Gnmoorrsid;at Zr CA __753_h?7y»-n or «_--5to ?du r.coo oz:Qs -3,4.r I WITNESS WHEREON,Ic :nid part of th:first 7rt bus ±er:unto et iu hnt an¢el the day 3rd ya firs;2brr wr dun. 5act,rad4 and dz}iccd in the przr cnc of: .'pea,'#ca, sRi53-#ts ego 43 Exhibit 4.3 Citi Bike Sponsorship Agreement And Sponsorship Extension Chart (Extension Chart is intentionally omitted and kept by the City Administration separately Pursuant to Trade Secret Affidavit) 44 7/7/2014 MIAMI AREA BICYCLE SHARE SPONSORSHIP AGREEMENT This MIAMI AREA BICYCLE SHARE SPONSORSHIP AGREEMENT ("Agreement"), effective June 7,2014 is entered into bvy and between Citibank,N.A.(Citi"),a national banking association and Dec0Bike,LLC,a Florida limited liability company ('Deco").Each of Citi and Deco is referred to herein individually as a "Party"and collectively,the "Parties." RECITALS WHEREAS,Deco has entered into agreements with the cities of Miami and Miami Beach (the "Cities")to operate a 24-hour bicycle share program for Miami and Miami Beach (the "Program");nd WHEREAS,Deco and Citi desire to enter into an agreement whereby Citi will become the title sponsor of the Program;and NOW,THEREFORE,in consideration of the mutual covenants and promises contained herein, and other good and valuable consideration,the receipt and sufficiency of which is hereby acknowledged, the Parties agree as follows: I Grant_of Rights.Subject to the terms and conditions of this Agreement,Deco hercby grants the following rights and benefits to Citi during the Term (as defined below). A.The exclusive right to be the sole commercial sponsor of the Program and to designate the name of the Program during the Term, B.The right to be the sole and exclusive title sponsor of the Program and the only entity whose naamne,logo and/or marks shall appear on the Program bicycles or other equipment.The Parties acknowledge and agree that the title level of sponsorship shall be the highest level of the sponsorship for the Program,meaning that no other Program sponsor (if any)shall havc the same,similar or better benefits than those granred to Citi herein; C The sponsorship benefits set forth herein and in Exhibit 4,attached hereto and made a part hereof;end D.The right to use the Deco Marks (define below)in its advertising and promotional materials. II.0her Sponsors gr Promgtuona!Partners.During the Term of :his Agreement,Citi acknowledges and agrees that Deco shall have the right te secure additional non-commercial sponsors or promotional partners.Deco shall,prior to entering into any agreement with or providing any sponsorship or promotional benefits to additional sponsors or parters.present a{l additional sponsors or partners to Citi for its w ritten approval,w hich shall not unreasonably be withheld or delayed. Ill.Deco'Responsibilities.Subject to the terms and conditions of this Agreement,Deco agrees,at its own cost and expense,to: 7/7/2014 A Operate,establish,administer and conduct the Programn,including but not limited to by securing and maintaining the bicycles to be used in the Program,building and managing the stations for such bicycles,maintaining and staffing a 24-hour customer service call center for the Program,sitting of stations,conducting a variety of bicycle safety education initiatives and collecting Program membership fees,all in accordance with the Service Level Agreements ("L.As")set forth in Exhibit B attached hereto and made a part of this Agreement as applicable,the Program metries set forth in Exhibit C attached hereto and made a par of this Agreement,and with all applicable federal,state,and local laws, regulations,ordinances and codes As part of such operations,Deco,m consultation with the cities of Miami and Mimi Beach shail be responsible for the setting of prices for Program memberships, provided,however.that in the event that Deco seeks to increase prices by more than twenty percent (20%)than the prices set forth in Exhibit F,Deco shall secure Citi's prior approval, B Provide the benefits set out in Exhibit A,including the title sponsor naming rights.Deco will obtain all of the necessary rights,consents,licenses and permission to both perform its obligations hereunder and to allow Citi to exercise all of the rights and benefits provided by Deco herein, C.Incorporate the Citi Marks (as defined below)including the Program Marks (as defined below)on the bicycles to be used in the Program,the stations for the Program,the maintenance trucks for the Program,receipts given to customers participating in the Program,and m all advertising and promotional materials for the Program,including but not limited to any web-based and printed materials, all subject to the terms set forth in Section VI(C)of this Agreement, D.Conduct ongoing system research and analysis,including but not limited to a survey of Program members,on at least an annual basis.Such research and analysis shall be designed to understand public attitudes,impressions and use of the Program and may be executed through online,telephone andior n-person surveys, E.Develop and operate the Program website and Program mobile application(s)in accordance with Section VII below (including,subject to the mutual agreement of the Parties,acquiring the Program website URL(s)and Program mobile application(s),provided,however,that if any Program domain name or Program application name contains a Citu Mark,such name(s)will be owned by Cigroup Inc.); f In addition to maintaining the condition of the bicycles as set forth in Exhibit B,after any bicycle has been in service for three (G)years,Deco examine the condition of such bicycle and where the bicycle frame shows wear,tear,or fading of color of an excessive nature.Deco will replace or recondition such bicycle, G.Provide Citi with copies of the ridership and usage reports it submits to the Cities of Miami and Miami bcacl regarding the H'rogram; H Promote and advertise the Program;and L.Produce marketing and promotional materials tor the Program 2 7/7/2014 Iv.Cii's Responsibilities.In consideration of the rights and benefits granted to Cii hereunder,Cit agrees to: A.Make timely payments to Deco of the consideration set forth in Section V below; B.Coordinate and consult with Deco on the marketing plan and all of the promotional efforts to be made in support of the Program,regardless of the Party making such efforts; C.Grant Deco the non-exclusive right to use the Citi Marks only in connection wit the Program and the advertising.marketing and promotion of the Program in the United States (the "Territory")in accordance with the terms and conditions of this Agreement;and D.Provide fender stickers with the Program L.ogo (defined below)and Program Name (defined below)for installation on the bicycles by Deco. v.Sponsorship &Equipment_Fges A.Sponsorship Fee.Inconsideration for the rights and benefits granted to Citi hereunder, Citi agrees to pay Deco the following fees for the title sponsorship (the "Sponsorship Fcc'')during the term as follows: •For the 2014-2015 contract year which shall begin on the Re-Launch Date (defined below),Citi shall pay Deco a total not to exceed $!,645,000.00 in four installments each of which shall be due on the fifteenth day of the first month of the calendar quarter (in the following amounts:(i) $399,500.00,(ii)S423,000.00,(iii)$411,250.00 and (iv)$411,250.00);provided,however,that Deco re-launches,operates and maintains the Program with {750 bicycles and l70 station kiosks (it is agreed and understood that bicycles may be out of circulation temporarily for maintenance and servicing)In the event that Deco fails to re-launch and continually operate the Program with I750 bicycles and I7O station kiosks,Citi's Sponsorship Fee for such year will decrease based on the pro rata number of bicycles and kiosks that are operational.The first installment of $399,500.00 shall be due on the Re-Launch Date.Each subsequent installment shall be due sixty (60)days after Citi's receipt of an acceptable invoice from Deco which include the amount of installment of the Sponsorship Fee based on a calculation completed as of the first day of the calendar quarter which shall be for amount of the applicable installment due or the pro rata amount of such fee based on the number of bicycles that are operational (using {750 as the denominator).if not a!!1750 are operational In the event that Deco fails to have 700 bicycles and 85 kiosks rcady for the re-launch of the Program by November {5,20\4,Citi shall have the right to terminate this Agreement. •For the 7015-2016 contract year,Citi shall pay Deco a total not to excccd $1,801,275.00 i four installments each of which shall be due on the fifteenth day of the first month of the calendar quarter,the first two af $444,150.00 and the last two of $456,487.50 based on invoices received from Deco at the start of each calendar quarter;provided that 1800 bicycles and between 170 and 175 kiosks continue to be operational for the Program.In the event that 1750 bicycles and 170 kiosks are not operational then the invoices submitted by Deco shall be for a pro rata amount of 3 1/1/2014 the applicable installment based on the number of bicycles that are operational (using 1800 as the denominator). •For the 2016-20l7 contract year,Citi shall pay Deco a total not to exceed $1,969,065.00 in equal quarterly installments,each of which shall be due on the fifteenth day of the first month of the calendar quarter,0f $492,266.25 based on invoices received from Deco at the start of each calendar quarter;provided that 1900 bicycles and be kiosks continue to be operational for the Program In the event that 1900 bicycles and between 175 .'80 kiosks are not operational then the invoices submitted by Deco shall be for a pro rata amount of $492,266.25 based on the number of bicycles that are operational (using I9I)as the denominator).In addition,the first installment of the Sponsorship Fee for this year of the Term shall only be due if seventy·five percent (75%)new racks with the Program Logo and colors have been installed in Miami Beach. In the event that seventy-five (75%)of the new racks have not been installed Citi shall be able to withhold payment until the racks are installed •For the 2017-2018 contra ct year,Cii shall pay D eco a total not to exceed $2,176,340.00 in equal quarterly installments,each of which shall be due on the fifteenth day of the first month of the calendar qunatter,0f $544,085.00 based on voices received from Deco at the start of each calendur quarter;provided that 2IO bicycles and between 180-185 kiosks continue to be operational for the Program In the event tlat 1900 bicycles and between I80 I85 kiosks are not operational then the invoices submitted by Deco shall be for a pro rata amount of $544,08$.00 based on the number of bicycles that are operational (using !900 as the denominator). •For the 2018-2019 contract year,Citi shall pay Deco a total not to exceed $2,285,160 1n equal quarterly installments,each of which shall be due on the fifteenth day of the first month of the calendar quarter,0f 57.290.00 based on invoices received from Deco at the star of each calendar quarter,provided that 2000 bicycles and between I0-15 kiosks continue to be operational for the Program In the event that 2000 bicycles and between 180-185 kiosks are not operational then the invoices submitted by Deco shall be for a pro rata amount of$571,290.00 based on the number of bicycles that are operationa!(using 2000 as the denominator). B.Equipment Fees.Citi shall also pay Deco the follow+g equipment fees which shall be used by Deco to purchase new kask payment terminals and dock pods ("Equipment Fees"). •For the 2014-2015 contract year,Citi shall pay Deco Equipment Fees totaling $749,440.00 to purchase new kiosk payment terminals in two installments as follows:(iy $449,440.00 which shall be due in the first calendar quarter of 201$and (ii)$300,000.00 which shall be due in the third calendar quarter of 2015. •For the 2015-2016 contrnet year,Citi shall pay Deco Equipment Feces totaling $550,000.00 to purchase new dock pods in four installments as fallows.(i)$200,000.00 in the fourth calendar quarter of 2015,(ii)$125,000 in the first calendar quarter of 2016,(iii)$125,000 in ttie second calendar quarter of 2016,and (iv)$100,000 in the third calendar quarter of 2016. • ..-------- 7/7/2014 •For the 2016-2017 contract year,Cii shall pay Deco Equipment Fces totaling $400,000.00 payable in four equal quarterly installments to purchase new dock pods. •For the 2017-2018 contract ycar,Citi shall pay Deco equipment fees toaling $400,000.00 payable in four equal quarterly installments to purchase new dock pods. •For the 2018-2019 contract year,Citi shall pay Deco equipment fees totaling $350,000.00 to purchase new dock pods in four installments as follows:(i)$100,000 in fourth calendar quarter of 2018,(i)$100,000 in the first calendar quarter of 2019,(iii)$75,000 in the second calendar quarter of 2019,and iv)$75,000 in the third calendar quarter of 2019. Deco shall maintain books and records which include invoices for the equipment purchases set forth above and shall supply such invoices and books and records to Citi at Citi's request.In the event that Deco is able to purchase the equipment specified above for less mouey than provided by Citi,Deco shall refund Citi the monies unspent on such equipment. C.Adyace.During the first contract year,Citi shall advance Deco a total of $800,000, payable as follows:(i)$290,500 on the first day of the fourth calendar quarter of 2014:(ii)$400,000 on the first day of the first calendar quarter of 2015;(iii)$54,750 on the first day of the second calendar quarter of 2015,and (iv)$54,750 on the first day of the third calendar quarter of 2015.Deco shall then provide Citi with quarterly $50,000 credits which shall be used to reduce Citi's Sponsorship Fee payments beginning in the fourth quarter of 2015 until the end of the Term. D.Payment[grm.All payments made hereunder shall be payable and delivered by wire transfer and shall be made upon invoice sent by Deco no less than sixty (60)days prior to each of the due dates set forth herein.Except as otherwise specifically set forth herein,as between Citi and Deco,each Party sball be responsible for any costs and expenses incurred by them associated with the performance of their obligations under this Agreement.For accounting purposes,Deco may designate and direct Citi to make full or partial payments to an affiliate or subsidiary cf Deco,approved by Citi,that is legitimately performing duties covered by this agreement as Deco has,or may have,different shareholders and financial obligations under different corporate entities in the performance of its duties on behalf of several independent municipalities. VI.Naming._Marks_&g Hyprlinkgs A.Progrgmn_Name.Deco and C:ti agree that the initial Program name shall be "Citi Bike."In the event that Cii (i)changes its corporate name or (ii)changes it branding strategy,Citi shall be entitled to change the Program Name by substituting its new corporate name or nationa brand in place of its current name,subject to the prior written approval of Deco,such approval not bc unreasonably withheld,and,so tong us such change is permissible under Deco's municipal agreements and applicable tocal ordinances relating to branding the public right of way.Deco agrees that it will consent to the change of Program Name pursuant to this Section VIA)if such name reflect the ten curent corporate name of Cit&or Citi's then current brand. D.Programn Logo.Cit has developed a program logo that incorporates the Program Name ("Program Logo")and is at:ached hereto in Exhibit D The Program Name and Program Logo shall both 5 7/7/2014 be considered Citi Marks.In the event of a change in the Program Name,Citi and Deco agree to work in good faith to jointly develop a new Program Logo.Given the centrality of the Citi Marks to Citi's brand identity,Citi shall have the sole and exclusive ownership of any and all right,title,and interest in and to the Program Name and Program Logo C.The Parties'Marks &Hyperlin1is l.it_arks.Citi,on behalf of its affiliate Citigroup Inc.,hereby grants to Deco a non- exclusive,non-transferable,non-sublicensable,royalty-free license in the United States and on the Internet during the term of this Agreement to use the Program Name,Program Logo,and trademarks, service marks,and other indicia of ownership of Citi set forth on Exhibit D (the "Citi Marks")in operating,advertising and promoting the Program in any media wnether existing now or later invented , ineluding but not limited to for incorporation on the bicycles and stations,provided,however,that Citi approves all such uses of the Citi Marks (including,but not limited to approval of messages containing any of the Citi Marks delivered through social media platforms such as Facebook and Twitter)in writing in advance of distribution or printing.Notwithstanding the forgoing it is understood that Dcco can only use the Citi Marks to operate the Program in the cities of Miami,Miami Beach,Surfside,Bay Harbor Islands (or any other municipalities that Deco may expand to locally that may become subject to this agreement)and any uses outside the state of Florida shall solely be related to the promotion and advertising of the Program as it is availablc in Miami and Miami Beach.Citi's approvals shall not be unreasonably withheld or delayed.All uses by Deco of the Citi Marks shali (I}be appropriate and dignified and benefit Cit's public image and (2)inure solely to the benefit of Citi.Deco shall have the limited right to sublicense the Program Name and Logo during the Term in the Territory in connection with operating,advertising and pronoting the Programn in any media whether existing now or later invented to hird parties who promote the Program or advertise offers in connection with the Program as part of their participation in the Program,provided,that such third parties are approved by Citi and the sublicense is a form approved by Citi and includes Citi as a third party beneficiary of the license for the purposes of enforcing Citi's rights to the Program Name and Program Logo.Notwithstanding the forgoing,Deco shall not be permitted to sublicense the Citi Marks to any mobile application providers. Rather,Citi shall enter into such agreements with such providers directly,as Citi determines necessary. Citi hercby grants to Deco permission to establish and maintain a hyperlink from the Program website where the Citi Marks appear to citi.com (or such other URLs as Citi may designate)(the "Citi Hyperlinks").The Citi Hyperlinks will be used for the purposes of promoting and advertising Citi's sponsorship of the Program,and Deco may link to Cit's websites solely for those purposes.Citi reserves the right,in its sole discretion,to eliminate,disable or discontinue the Citi Hyperlinks at any time,or to require Deco to eliminate,disable or discontinue the Cit Hyperlinks at any time. 2.Deco_Marks.Deco hereby grants to Citi a non-exclusive,non-transferable,non- sublicensable,royalty-free license in the United States and on the internet during the term of this Agreement to use the trademarks,services marks and other indicia of ownership of Deco attached hereto as Exhibit E (collectively,the "Deco Marks")in advertising and promoting the Program in any media whether existing now or later invented.Deco shall have the right to approve all such uses in writing in advance of distribution or printing.Such approvals shall not be unreasonably withheld or delayed.Deco 6 1/1/2014 hereby grants to Citi permission to establish and maintain a hyperlink from the Citi.com (or any other Citi website)to the Program webste (the "Deco Hyperlinks").The Deco Hyperlinks will be used for the purposes of promoting and advertising the Program,and Citi may link to the Program website solely for those purposes.Deco reserves the right,in its sole discretion,to eliminate,disable or discontinue the Deco Hyper{inks at any time,or to require Citi to eliminate,disable or discontinue the Deco Hyper!inks at any time. A Functionality &Ownership.s set forth in Section HI[E)Deco shall be responsible for creating. updating,hosting,and operating a Program website and Program mobile application,including but not limited to creating and adhering to terms and conditions and privaey policies for the such website and application Deco shall ensure that the Program website is available to users as of the Program Re- Launch Date (defined below)and that the Program mobile application is available to users on a date that is mutually agreed upon by the parties but no later than one month before the Program Re-Launch Date. The version of the Program mobile application that shall launch on such mutually agreed upon date shall allow users to locate Program stations,available bicycles,and Citibank branches and shall be created for Apple and Google platforms.Deco shall be responsible for expanding the Program mobile application to run on other platforms as mutually agreed to by the Parties and shall,at regular intervals as reasonnbly necessary for the operation of the application,updnte the mobile application and issue new versions of the application which shall include functionality that will be mutually agreed upon by the Parties.Except as set forth in Section VI(CI),Deco shall own the Proram mobile application and website,hoth of which shalt relate solely to the Program. B.Takedown Notices.Deco authorizes Citi and its affiliates and their designee(s)to act as agent for and on behalf of Deco for purposes of seeking the takedown,removal,or deletion of any unauthorized reproductions or colorable imitations of the Program mobile application or website,and undertaking activities in connection therewith (and Deco shall provide related consents and authorizations or join us a party if reasonably requested by Citi).The Parties acknowledge and agree tha Citi sha!!have no obligation to seek such takedawn,removal,or deletion and may cease pursuing the takedown,removal,or deletion of any such reproduction or imitation at any tune and in Citi's sole discretion.Citi shall have no liability to Deco or affiliates or any other person or entity i connection with its or its designee(s)actions or omissions i connection with any such takedown.removal,or deletion,and any such actions or omissions shall he considered those of Deco for the purposes of Section VHI(H)of this Agreement. C.Securitylnident Renerting.In order to ensure a consistent process for identifying,reporting, investigating and closing information security incidents,Deco shall develop,implement,document and maintain an information security incident reporting process (hereinafter "S[RP").Such SIRP shall (u) provide an acmute and up-to-date list of Deco and iti personnel to be contctcd in the cvent of a actual or suspected information security incident related to the Program website audior Program mobile application which may or could result in the disclosure of personally identifying information from Program members,including but not limited to credit or debit card numbers,(b)detail incident severity definitions,and (c)set specific escalation procedures and timeframes for same based upon the breach 7/7/2014 severity level of the actual or suspected information security incident.At a minimum,the S{RP must (I) mandate that all of Deco personnel notify their management in the event that any of Deco personnel become aware of any action which indicates that there has been or may be an information security incident,and (2)mandate hat an officer of Citi must be contacted immediately in the event of any actual or likely disclosure of personaliy identifying information from members,in accordance with rhe aforementioned escalation procedure. D.ygIngrability Assessment.,At Citi's request,no less than semi-annually,Deco will allow Citi or a third party engaged by Citi,to perform a vulnerability assessment of the Program website and/or Program mobile application,including but not limited to Deco's technology infrastructure ("Vulnerability Assessment").Citi shall be responsible for all expenses associated with the performance of the Vulnerability Assessment.Deco will provide information requested by Citi to enable Citi or a third party engaged by Citi to perform the Vulnerability Assessment within seven (7)days of Citi's request for such information.Citi shall keep complete and accurate records regarding the results of the Vulnerability Assessment Citi will notify Deco of security risks identified by Citi or by a third party engaged by Citi (singular "Deficiency",or plural,"Deficiencies").Deco shall have thirty (30)days to cure all Deficiencies identified as "high"according to industry standards.All other Deficiencies identified will be cured by Deco within ninety (90)days of Citi's notification to Deco of such Deficiencies.Deco shall be responsible for all expenses associated with curing Deficiencies identified as a result of the Vulnerability Assessment.Cii shall have the right to re-perform the Vulnerability Assessment upon receipt of Deco's notification that Deficiencies were eliminated.If,in Citi's sole and exclusive discretion,the results of such Vulnerability Assessment demonstrate that Deco has failed to cure any Deficiency,Citi shall have the right to terminate this Agreement immediately upon written notice,without liability.Further,if Citi terminates this Agreement in accordance with this Section,Citi shall be entitled to a prorated refund of the fees paid to Deco. Industry standard definition of HIGH,MEDIUM,and 1.OW Deficiencies High Risk:These issues identify conditions that could directly resuit in the compromise or unauthorized access of a network,system,application or information.Examples of High Risks include known buffer overflows;weak/no passwords,no encryption,which could result in denial of service on critical systems or services;unauthorized access;and disclosure of information In addition,all non-compliant Citigroup policy issues will be categorized as High:Risk Medium Risk:These issues identify conditions that do nor immediately or directly result in the compromise or unauthorized access of a network,system,application or in for«nation,but do provide a capability or information that could,in combination with other capabilities or information,result in the compromise or unauthorized access of a network,system,application or information.Examples of Medium Risks include unprotected systems,files,and services that could result in deniai of service on non- 8 7/7/2014 critical services or systems;nnd exposure of configuration information and knowledge of services or systems to further exploit. Low Risk:.These issues identify conditions that do not immediately or directly result in the compromise of a network,system,application,or information,but do provide information that could be used in combination with other inforation to gain insight into how to compromise or gain unauthorized access to a network,system,application or information, Low risk issues may also demonstrate an incomplete approach to or application of security measures within the environment.Examples of Low Risks include cookies not marked secure;[P hopping;revealing system banners;and general best practices recommendations V I I.Term_&Termination A.ermn.The initial term of this Agreement shall begin on the effective date and shall continue for a period of five ($)years from the date that the Program is re-launched to include the downtown Miami area and all Program bicycles include the Program Logo (the "Program Re-Launch Date')({the "Initial Term"),unless terminated earlier in accordance with Section VIII(B).Such Program Re-Launch Date shall occur no later than November I5,2014.Thereafter,the Parties may automatically renew this Agreement for (a)an additional five (S)year term in Deco's City of Miami program and (b)to the natural expiration of Deco's municipal contract term in the City of Miami Beach (Expiratior:Date:September 30, 2023),upon the mutual agreement of the Parties no less than one-hundred and twenty (120)days prior to the end of the then-current term (each,a "Renewal Term").The Parties will mutually agree on the Sponsorship Fee for any Renewal Term,while all of the other terms and conditions set forth herein shall remain the same,except as otherwise agreed to by the Parties in writing.Notwithstanding the forgoing,in the event that Deco elects not to renew the Agreement and enter into an agreement with a third party for the title sponsorship,Deco must,prior to entering into such an agreement,provide Citi with the option to renew its sponsorship under the same terms and conditions as those offered to such third party.The Initial Term together with each Renewal Term shall collectively be referred to herein as the "Term." B.Termination. I.Citi shall have the right to terminate this Agreement upon ten (I0)days prior written notice to Dcco in the event that the City of Miami,the City of Miami Beach,or any other governmental or administrative body or agency having jurisdiction related to the Program, terminates its agreement with Deco governing the Program or passes any rule,regulation,or law that would significantly limit Deco's ability to operate the Prgram as contemplated herein.In the event of such termination,Deco shall refund Citi a pro-rata portion of the Sponsorship Fee and any applicable advances paid for the contract year during which such termination occurs.Nothing herein shall be interpreted to preclude Citi from entering into an agreement with another operator of the Program in the event that the contract between Deco and the City of Miami or the City of Miami Beach is terminated. 2 Citi shall have the right to terminate this Agreement immediately in the event that a change in law,regulation,or other regulatory requirement applicable Citi (herein referred to as "New 9 7/7/2014 Legislation"),would prohibit Citi from sponsoring the Program or would render Citi's obligations hereunder impermissible or impracticable without a violation of the New Legislation.Notwithstanding the forgoing,in the case of termination by Citi pursuant to this paragraph,Citi shall provide Deco with the amount of prior notice allowed based on the effective date and the content of such New Legislation.Any Equipment Fees already paid by Citi to Deco shall not be refundable if Citi terminates for this reason and Citi shall continue to make such payments pursuant to a scparate written agreement which will be entered by the parties,provided,that Deco has made purchases for which such Equipment Fccs were to be used (and can provide supporting documentation of such purchases),the equipment is necessary and capable of functioning as intended.and Deco is not able,after using ail commercially reasonable efforts to immediately cancel the order(s),return or reduce the amount of such purchases. 3.Citi shall also have the right to terminate this Agreement if Deco breaches this Agreement and the breach remains uncured for more than twenty (20)days after Deco receives written notice of such breach from Cti,except for breaches by Deco of Section III(C)(DO),(E),(F), (G),in which case Deco shall have sixty (60)days to cure such breach and breaches which result from Deco's failure to meet the non-safety related SLAs for which Deco shall have ninety (90)days to cure such breach.In the event of such termination,Deco shall refund Citi a pro-rata portion of the Sponsorship Fee paid for the contract year and any applicable advances during which such termination occurs.Notwithstanding the forgoing,in the event of that Citi terminates this Agreement as a result of a breach for with a sixty (60)or ninety (90)cure period applies,then any advances rude by Citi of the Sponsorship Fees and the Equipment Fees paid hy Citi shall not be refundable;provided that Deco has made purchases for which such advances and Equipment Fees were to be used (and can provide supporting documentation of such purchases),the equipment is necessary and capable of functioning as intended,and Deco is not able,after using alt commercially reasonable efforts to immediately cancel the order(s},return or reduce the amount of such purchases and provided,further,such termination is not the result of Deco's misuse of such Equipment Fees or the advances. 4.Citi shall also have the right to terminate this Agreement upon one hundred eighty (I80)days written notice in the event that the Program fails to meet the agreed upon utilization netrics set forth in Exhibit C sy the end of the fourth quarter of the first year of the Term.Such termination would become effective on the last day of the first quarter of the second year of the Term Any Equipment Fees and advances of Sponsorship Fees used to pay for equipment for the Program provided by Citi shall not be refundable and Citi shall continue to pay the Equipment Fees pursuant to a separate written agreement which will be entered by the parties;provided that Deco has made such purchases (and can provide supporting documentation of such purchases),the equipment is necessary and capable of functioning as intended and Deco is not able,after using all commercially reasonable efforts to cancel, return or reduce the amount of such purchases and provided,further,such ternination is not the result of Deco's misuse of such Equipment Fees or the advances. 10 1/7/2014 5.Deco shall have the right to terminate this Agreement upon prior written notice to Citi if Citi fails to make a payment to Deco of any sums due hereunder,provided that Citi is notified in writing of such nonpayment by Deco and such payment is not made within twenty (20)days following Citi's receipt af such notification.In the event of such termination,Citi will still be obligated to pay the sums due hereunder up to the date of termination,but shall be relieved of any future payment obligations hereunder,except for Equipment Fee for purchases which Deco can demonstrate through documentary evidence are non-cancellable or refundable. 6.Either Party shall have the right to terminate this Agreement upon prior written notice to the other Party in the event of:(i)the other Party's insolvency;(ii)the filing of any petition by or against the other Party under bankruptcy,reorganization,or receivership law which petition is not withdrawn or dismissed within thirty (30)days thereafter;(iii)the other Party's execution of an assignment for the benefit of creditors;or (iv)the appointment of any trustee or receiver of the other Party's business or assets or any part thereof,unless such petition,assignment,or appointment is withdrawn or nullified within fifteen (15)days of such event.In the event of termination by Citi hereunder,Deco shall refund Citi a pro-raa portion of the Sponsorship Fee paid for the contract year during which such temnination occurs.Any Equipment Fees paid by Citi shall not be refundable;provided that Deco has made such purchases (and can provide supporting documentation of such purchases),the equipment is necessary and capable of bemng functioning as intended and Deco is not able,after using all commercially reasonable efforts to cancel,reum or reduce the amount of such purchases. 7.Upon termination or expiration of this Agreement,each Party shall immediately cease using the Marks of the other Party. VIII.Representations,Warranties &Covenants A.Hy Dgcc.Deco represents,warrants and covenants that: I.It is authorized by the cities of Miami and Miami Beach and has the ful!right and legal authority to enter into and fully perform this Agreement in accordance with its terms without violating the rights of any third party; 2.It has or will abtain all government licenses,waivers,releases,registrations,approvals, permits or other authorizations necessary to perform its obligations as contemplated under this Agreement and that such licenses,agreements,permits,waivers,releases,registrations, approvals,and/or authorizations will be valid and sufficient for the performance of its obligations hereunder; 3.twill comply with al!applicable laws,regulationus,ordinances and codes pertaining to the fulfillment of its obligations under this Agreement;and I! 7/7/2014 IX. 4.The Deco Marks and all content,promotions,and advertising created or furnished by Deco (except to the extent they use the Citi Marks)for use in connection with the Agreement will not violate or infringe upon the rights of any third party when uscd by Cti in accordance with the terms of this Agrcement 5.Deco has and will maintain information security standards and procedures for the Program website and Program mobile application in accordance with industry standards and maintains appropriate procedures to remediate any information security breach that may occur.If Deco leamns that an information security breach has occurred on the Program website or Program mobile application,Deco will promptly notify Citi of such iafonation security breach to the extent legally permissible. B.By_Cii.Citi represents,warrants and covenants that: l.It has the full right and legal authority to enter into and fully perform this Agreement in accordance with its terms without violating the rights of any third party; 2.The use of the Citi Marks as permitted and approved hereunder shall not infringe upon the intellectual property rights of any third party;and 3.ltwill comply with all applicable laws,regulations,ordinances and codes pertaining to the fulfillment of its obligations under this Agreement. Indemnifigatign. A.Deco shall defend,indemnify,and hold harmless Cit,its parents.affiliates and subsidiaries and its and their respective directors,officers,employees and agents from and against any liabilities,lasses, investigations,inquiries,claims,suits,damages,costs and cxpcnses (including without limitation, reasonable attomeys'fees and expenses}(each,a "Claim')arising out of or otherwise relating tc (i)Deco'breach of its obligations under this Agreement,including but not limited to its representations and warranties;(ii)the failure of Deco or those acting under its control to comply with all applicable laws,regulations,codes,ordinances or other requirements of any governmental authority;(iii)the authorized use of the Deco Marks and materials provided by or on behalf of Deco;(iv)the acts or omissions of Deco or anyone acting under its direction or control;(v)the unauthorized use by Deco of the Citi Marks or other Citi owned materials provided pursuant to this Agreement;(vi)or any loss,damage, personal injury or death,suffered by any third party arising in connection with the Programn. B.Citi shall defend,indemnify,and hold harmless Deco and its directors,officers and employees from and against any Claims rising out of or otherwise reiating to (i)Citi's breach of its obligations under this Agreement,including but not limited to its representations and warranties;(i)the authorized use of the Citi Marks and any materials provided by Citi in connection with the Program;and (iii)the unauthorized use by Citi of the Deco Marks or other Deco-materials provided pursuant to this Agreement. C.Notwithstanding the foregoing,neither Party shall be obligated to indemnify the other Party for any Claims that may arise out of the gross negligence or willful misconduct of the pnrty otherwise 12 7/7/2014 indemnified.Each Party shall provide written notice to the other of any Claims,whether actual or threatened,promptly upon receipt of notice thereof.The other party shall make no settlement of an indemnified claim specifically naming or directing the Indemnified Party without the ademnified Party's prior written approval. X.Insurance A.During the Term,Deco shall obtain and maintain all insurance coverage needed to provide and the properly run the Program and as required by federal or state law,including without limitation, Workers Compensation with statutory limit and one million dollars ($1,000,000)Limit Employer's Liability.one million dollars (S1,000,000)Limit tor Automobile Liability,Commerciai General Liability including broad form contractual liability and personal injury endorsements,providing coverage against liability for bodily injury and property damage in the minimum amount of $1MM per occurrence and na less than two million dollars (S2,000,000)annual aggregate in addition to ao Umbrella/Excess Liability providing excess liability coverage in the minimum amount of ten million dollars ($10,000,000.00) annual aggregate.Upon request of'Citi,Deco shall provide a copy of a Certificate of Insurance that conforms to the foregoing requirements.The certification provided to Citi must include the amount and type of the coverage(s),names of the insurance providers,the policy numbers and the expiration date of such coverage(s),or that such coverage information has not materially changed since the effective date of this Agreement or the prior year's certification,as the case may be. B.Citi,its parent Citigroup Inc.and subsidiaries as "Additional Insured"should be listed on any General Liability,Auto Liability,and Umbrella Liability coverage.In addition,Cii should be named as "Certificate Holder"on the Certificate of Insurance.Insurance Carrier shall notify Citi thirty (30)days prior to any non-renewal or cancellation of the Insurance required. C.Citi's acceptance of delivery of a Certificate of Insurance that does not conform to the requirements herein shall not relieve Deco of its obligations to provide applicable insurance conforming to the requirements herein.Failure to comply with the insurance requirement above shall constitute a material breach of this Agreement. A.Each Party shall treat as confidential and shall not copy or duplicate or disclose to any person or organizntion any information obtained from the other Party,either directly or indirectly,that is marked as confidential or which should be reasonably understood to be confidential ("Confider:ial Information") and will only use or reproduce such Confidential Information (i)to perform its obligations under this Agreement,(ii)as required by the order of any court or any government agency with proper jurisdiction (and provided it gives notice to disclosing Party and an opportunity to object to the disclosure of such Confident.al Information)or iii)to receiving Party 's attorneys,accountants or other representatives as necessary in the performance of their duties and in the case of Deco,to the cities of Miami and Miami Beach solely to the extent required under the agreements between Deco and such cities.Confidential Information shall not include ({I)information that was in the public domain through no fault of the receiving Party at or subsequent to the time it was communicated to the receiving Party,(2)inforution 13 1/7/2014 that was rightfully in the receiving Pary's possession free of any obligation of confidentiality at or subsequent to the time it was communicated to the receiving Party by the disclosing Party and (3) information developed by receiving Party independently or and without reference to information provided by the disclosing Party hereunder.Without the disclosing Party's prior written consent and other than as set forth above,receiving Party may not disclose Confidential Information to any third party.The receiving Party shall trea:Confidential Information with at lcast the same degree of care that it treats its own confidential information and shall exercise reasonable precautions to prevent disclosure of Information to unauthorized parties.If the receiving Party becomes aware of any threatened or actual violation of the disclosing Party's obligations with respect to Confidential Information,the receiving Party shall immediately notify the disclosing Party thereof and the receiving Party will,and will assist the disclosing Party with its effort to,cure or remedy such violation. B.'This Agreement and the Parties'dealings under this Agreement,including any payments made by Citi,arc confidential and shall not he disclosed by either Party without the prior written consent of the other Party (which may he by e-mail),unless such Party is under a legal obligation to disclose such information or such disclosure is to such Party's advisors or for purposes of enforcement.In such event, the Party with the obligation to so disclose shall make reasonable efforts to provide the other Party with adequate notice of the required disclosure. Xll.Miscellaneous. A.Governing Law_&Jurisdiction.All matters affecting the interpretation or performance of this Agreement and the rights of the Parties hereto shall be governed by and construed in accordance with the laws of the State of New York,exclusive of conflict of laws provisions.Any action or proceeding commenced pursuant to this Agreement shall be commenced in a federal or state court in the State of New York,County of New York.Both Parties hereby irrevocably waive trial by jury. B.No Subcontractors.Deco may not engage any third party to perform any of its obligations hereunder without Citi's prior written approval.Notwithstanding such approval,Deco shall remain responsible for the performance of ail obligations hereunder and for the acts or omissions of any its agents or subcontractors. C.Assignment.Neither patty shall assign this Agreement,in whole or in part (by assigning any right or delegating any duty under this Agreement),voluntarily or involuntarily,by operation of law,or in any other manner,without the other party's prior written consent(which may be by e-mail or facsimile) which may be withheld in such party's sol discretion,provided,however,that Citi may assign this Agreement to an affiliate or subsidiary capable performing hereunder upon notice,but without consent,to Deco.Except for such assignment by Citi,any purported assignment or delegation by a party without the other party's prior written consent is void.Subject to the foregoing,all of the terms and provisions of this Agreement shall be binding upon and inure to te benefit of and he enforceable by the successors and permitted assigns of the parties. D.Force [ajeure.la the event that Deco is unable to perform its obligations under this Agreement as a result of an Act of God or of the public enemy,act of the goverment either in its sovereign or 4 7/7/2014 contractual capacity,suspension or cancellation of the Program,civil commotion,fire,or flood,each of which must have a prolonged impact on the use of bicycles in the cities of Miami and/or Miami Beach (each an "Event")for one hundred twenty days ((20),then Citi may,at its option either extend the Term for a period equal to the period that Deco was unable to perform its obligations or,if the impact exceeds one hundred eighty days (180),terminate this Agreement.In addition,if as the result of such Event,Deco is unable to meet the Program metrics in Exhibit C,then Citi shall also have the right to extend the Tcrm for a period equal to the period of the Event.Notwithstanding the above,this Section XII (D)shall not relieve the Parties of any obligations relating to confidentiality,information security or non-infringement under this Agreement. E.Relationship of thg_Parties.Deco shall perform services as an independent contractor,and nothing contained herein shall be deemed to create any association,partnership,joint venture or relationship of prineipnl and agent between the Parties hereto or any affiliates or subsidiaries thereof,or to provide either Party with the right,power or authority,whether express or implied,to creatc any such duty or obligation on behalf of the other Party.Deco also agrees that it will not hold itself out as an affiliate of,or partner,joint venturer,co-principal or co-employer with Citi or any of is pareat corporations,affiliates or subsidiaries by reason of this Agreement and that Deco will not permit any of its employees,agents or subcontractors to hold themselves out as,or claim to be,officers or employees of Citi or any of its parent corporations,subsidiaries or affiliates by reason of this Agreement F.Role of_the Cities of Miami &Miami Beach.Pursuant to its agreements with the cities of Miami and Miami Beach,copies of which has been provided to Citi,Citi acknowledges and agrees that the such municipalities may have approval rights regarding the Program I.ogo,Program Name,colors of the bicycles and stations,and station formats.Deco shall be responsible for securing any necessary approvals which shall not bc unreasonably withheld. G.Waiver.This Agreement constitutes the entire agreement of the Parties and supersedes all prior representations,proposals,discussions,and communications,whether oral or in writing,relating to the subject matter hereof.This Agreement may be modified only by a written instrument signed by both Parties.None of the provisions of this Agreement may be waived or modificd,except expressly in writing signcd by both Parties.However,failure of either Party to require the performance of any term of this Agreement or the waiver by either Pary of any breach shail not prevent subsequent enforcement of such term nor be deemed a waiver of any subsequent breach. H.Syerability.Each and every paragraph,sentence,tern and provision of this Agreement shall be considered independent,reasonable,and severable.If a court of competent jurisdiction or arbitrator(s) makes a final determination that any paragraph,sentence,term or provision of this Agreement is unreasonabie,invalid or unenforceable,the remaining paragraphs,sentences,terms and provisions of this Agreement shall be unimpaired and the unreasonable,invalid or unenforceable paragraph,sentence,term or provision of this Agreement shall be deemed replaced by a paragraph,sentence,term or provision that is valid,reasonable and enforceable and that most closely approximates the intention of the Parties with respect to the unreasonable,invalid or unenforceable term or provision,as evidenced by the remaining valid eaforceable terms and conditions of this Agreement. 15 7/7/2014 I.Audit.At least once during each year of the Term Citi,its internal or extemal auditors shali be entitled to audit Deco's books and records as related to the Program and Deco's expenditure of the Equipment Fees and advances.In the event that Citi finds that Deco has overstated such expenditures or misused such Equipment Fees or advances,Citi shall be entitled to terminate this Agreement and receive a refund of such Equipment Fees and/or advances. J.Publicity.Neither Party shall issue any press release or public announcement conceming this i\greement,or identifying,mentioning or using the name of the other Party,without obtaining the prior approval of the other Party hereto,which approval shall not be unreasonably withheld,conditioned or delayed,provided,however,that Citi shall be entitted to include the Program in any list of its sponsorships. K.Notice.Unless otherwise specified herein,all notices,requests,demands,payments,consents and other communications hereunder shall be transmitted in writing and shall be deemed to have been duly given (i)when hand-delivered,(ii)upon delivery when sent by express mail,courier,overnight mail or other overnight or next-day delivery service,(iii)when received when sent by facsimile or via email, provided that such facsimile or email is electronically confirmed to have been received,or (iv)three (3) days after the date mailed when sent by registered or certified United States mail,postage prepaid,return receipt requested,or when deposited with a public telegraph company for immediate transmittal,charges prepaid,addressed as follows: Cit'Citibank,N.A. Attn:Elyssa Gray One Court Square Long island City,NY 120 With a copy to:Citi Legal Department Attn:Jane G.Pollack or Anne Robinson One Court Square,41st Floor Long Island City,NY ILL2O Deco:4I NE I7 TER,MIAMI,FL 33132 Citi or Deco may change its address by giving written notice of such change of address to the others. L.Survival.The following provisions shall survive expiration or termination of this Agreement: Sections VI(B)2),V(II(BA),V!II(B)UT),IX -XII. M.lntirg_Agreement.This Agreement,including ail exhibits,schedules,and other attachments to this Agreement as well as documents specifically referenced in this Agreement,constitute the entire expression of the Parties'agreement with regard to the subject matter of this Agreement.Ali prior and 16 7/7/2014 contemporaneous negotiations and agreements between the parties with regard to the subject matter of this Agreement are expressly superseded by this Agreement. './.~ounterparts.This Agreement may be executed rn one or more counterparts,each ofwh1ch shaj be deemed an original,but all of which taken together constitute one and the same instrument.Delivery of an executed counterpart of a signature page to this Agreement by facsimile or other electronic /l tr:111sm1ss1on shall be effee11ve as delivery of a manually executed original counterpart of this Afe,ee i rN WITNESS WHEREOF,the Partres hereto have executed this Agreement as oithc d~Le ~wr'e above./.I CITIBANK,DECOBIKE,LLc ,/94°'• Print ;\lame:•--i 1 ;7Kotrorep 17 By 7/7/2014 Exhibit A Sponsorship Benefits In addition to the benefits outlined n Sections l and !I of the Agreement,Deco shall provide to Citi the following sponsorship benefits during each year of the Tern L.Status,Rights &Exclusivity Citi will be the exclusive title sponsor of the Program Cii colors as selected by Citi shall be incorporated into the branding of the Program,subject to approval by the cities of Miami and Miami Beach •During each year of the Term.Deco will provide Citi with a mast favored discounted rate on all passes and memberships 1 the Program nd will give Citi $7500 of free Program memberships in the form of passes,member access cards or key fobs to be distributed by Cit in its sole discretion,but in compliance with the terns and conditions of the Program. •At least once during each year of the Term,Deco shall allow Citi to create an email that may, in Citi's sole discretion,include messaging about Citi products and services,that Deco will deploy to the Program member hase (cxeluding members who have opted cut from receiving marketing messages) 2.Cii Branding Visibility on Bieyeles Program Name and Program Logo on the fenders,frames,and baskets of all of the Program bicycles.the exact placement of which shall be mutually agreed upon by the parties.Such Programs Name and Program Logo shall appear on all Program bicycles (mininum 1 700).as of the Program Re-Launch D)ate.Deco will add the Program Name and Program L.ogo to all Program bicycles that it adds t the Program.In addition,in the event that Deco orders new bicycles,such bicycles shall ot include the name of the manufacturer of such bicycles on the 5ea!s. •Cati shalt choose color of bikes and other graphic design elements.subject to approval by cites of Miami and Miami Beach.Any changes to the design elements of the Program bikes, ineluding but not limited to any proposed addition of any logos or other elements shall be subject to Cit's approval.As of the Program Ke-Launch Date,the 700 downtown Miami area Program bicycles shall all include design elements chosen by Cit.Dy January 30,2015 the !900 Miami Beach Program bicycles shall ull include design elements chosen by CCiti and there should no longer be any Program bcyules that do not include design elements chosen by Citu. •Cai responsible for paying for the stickers on the bicycles which need to be rebranded.Such costs shall not exceed 60,010 00. 3.Citi Branding Visibility on Station Kiosks,Station Docks &o ther Program Logo on all station kiosks with the placement to bc mutually agreed upon by Citi ui Deco The parties acknowledge and aree that Deco will use best effort to obtain permissions to include Citi branding on any station kiosks or docks which are placed on private property,provided,tuwever,that the Deco shail use best efforts not to place stations on prate property and shall work with Citi to determine an acceptable location for a station dock or kiosk if such kiosk or dock needs to be placed on private property The parties acknowledge and agree that currently there is only one station o private property 18 7/7/2014 •in the Miami Beach area,Citi shall have the main 22'x 48'ud panel at 40 station kiosks on which Cii commercial advertising can appear.The Program Name and Program Logo will appear on all of the stations kiosks (minimum of !00)in the Miami Beach area.In the event that Citi advertising cannot appear on an ad panel,o information on ay commercial entity (other than Deco)shall be included on such ad panel;rather,the ad panel shall consist of Program,city or tourist related information.In addition,the Program Logo will appear on the rail lockiag docks and the sations kiosks and docks will be Citi blue (or feature Citi blue decals).As Deco adds station kiosks,Citi will receive the same benefits on such kiosks. •In the downtown Miami area,Cit.shall have ali of the ad panels at every station kiosk (minimum 70)The main panel shall be 23"W x 58"Hand the side panels shall be 16"W 58"H.One side pauel shall be used for the bikeshare station network map on all kiosks.As Deco adds station kiosks,Citi will receive the same benefits on such kiosks •Program Logo on al!member access cards.Program maintenance trucks,rebalancing trailers, Program uni;oms.city makes,and marketing collateral. 4,Marketing and promotions •Deco will consult ad cooperate with Citi in devising and executing the marketing plan and al}promotional efforts in support of the Program •Deco will consult and cooperate with Cti on any and all third-party collateral,sponsorships and promotionl activities in support of the Programn or using the Program Name or Logo. Specifically,Citi shall have the right to review and approve all such collateral,sponsorships and promotional activities.Such approval shall not be unreasonably withheld. •Deco will prominently display the Program Logo on all promotional campaign material for the Program,including in a!l social media posts,press releases and narketing collateral •Deco will also prominently display the Program Logo on any materials associated with community and bicycle safety programs •In the event Deco sells advertising space an the Program website and'or Program mobile application,Deco shall provide Citi with ad inventory on such properties free of charge and will nor sell ad space to a third party that is no approved by Citi. •Dcco will undertake at a minimum,the following marketing efforts in support of the Program: o Safety,education and community outreach campaign,including dozens of cvents in many areas of the city o Email blast to 4,300 city staff members regarding the Program and the Program Re- Launch o Program launch event with national and global media attention o Social media activation starting I month before Program Re-Launch and ongoing o Events,tabling,contests,ambassadors and programs to drive increase in membership, ridership and community ongoing. o Outreach to tourists,both prior to visit to iari and Miami Beach and during their stays o Facilitate cross promotional opportunities with hotels,at community events (i.e.,Aids Walk,Relay for Life.Bike Miami Days,and the Winter Party) 5.Public relations Citi shall have the right to have Citi designated spokesperson participate in all media events that Citi considers to be key media. 19 «a 7/7/2014 w Citi will receive a credit as the exclusive title sponsar in li press releases or other controlled media in a form to be mutually approved by the Parties. •Citi and the Program Nams and Program Logo will be featured in all official Program press announcements and at all Program Events »Deco will use best efforts to arrange for a press conference to announce the sponsorship with the participation of the mayors of the cities of Miami Beach and Miami »Deco will conduct ongoing press outreach concerning the Program 6.Safety •Deco,together with the cities of Miami and Miami Beach,will execute a variety of programs designed to bring attention to bicycle safety and helmet usage.Deco will consult with Citi regarding the execution of such Programs and provide Citi with the opportunity to participate in such Programs,including but not limited to through helmet giveaways at Citibank branch locations. »Deco will place safety messaging prominently on the website,emails and newsletters to members,and on the station kiosks Deco will continue to conduct bicycle safety workshops,bike safety summer camp programs, and its work with the Soath Florida Bike Coalition and will provide Citi with the opportunity to participate in these programs •Deco will continue to provide free helmets to all annual subscribing Program members at Deco office location(s)and,in Citi's discretion.Citi may also allow Deco to provide such helmets at Citi branches in the immediate area 20 7/7/2014 Exhibit B SLAA All Service Level Agreements are assessed monthly unless otherwise specified. Service Level Agreement Every Station,as well as all Bicycles 1 Slalion &i present,isBicycleIcleanedorcleaningwipeddown at I least once every I4davs. ti,'Gile receives n full Bicycle mechanical Maintenance ,check at least Ref.Name 2 Measurement Tool(s) I Performance!Level Units Liquidated Damages Per Unit Deco databases 'once every calendar month, Dec databases <98%Per Station per Day $50 <100%Per Bicycle per Day $10 Stations must be cleaned within 48 hours of discovery or notification. Cleaning includes,but is I not limited to wash or wipe- down,graffiti, scratchiti and sticker removal..._-->-------+--------•-----Operator must clean Bicycles or remove them from the system within 96 hours of discovery or notification. Cleaning includes,but is not limited to wash or wipe- down,graffiti, -l1ifatchiti and 3 Station cleaning after discovery or notification 4 Ii Bicycle cleanig after discovery ur notification Deco databases.<90% Per instance, per 24 hour period beyond { deadline i $50 Deco databases <90% Per instance, per 24 hour period beyond deadline $10 21 7/7/2014 -~------o Service Level Measurement Performance LiquidatedRef.Name Agreement Tool(s)Level Units Damages Per Uoit sticker removal II I ----·-IIStationsthatare not marked for I!repairs,Iundergoing repairs or temporarily 5 Station removed from Deco 95%Per hour per $50Uptimecirculationmustdatabase(s)station be fully functional including all communications and transaction sstems Website must be fully functional. This includes but is not limited to the ability to: process transactions. Website provide real-Deco6availabilitytimedataanddatabase(s)-97%Per hour $50 map;and provide subscriber account information, such as rental histories. Central TRe Cenirf 7 Computer Computer Deco <97%I Per 'out $50SystemSystem1mustbedatabases)IoutagefuilyfunctionalI '"u;cyc~, The operator will ensure that Deco8Bicyclefleetallbicycl"s that LJatubu~e(s)<95%$15 are not removed from circulation .'22 7/7/2014 Ref.Na 9 Op Do 10 Die reb -·-I LiquidatedServiceLevelMeasurementPerformance'me Units DamagesAgreementTool(s)Level--·Per LUaitforrepair,o replacement or cleaning are in circulation as agreed upon by --all parties. Deployed Docks . not marked for repair or replacement erational must be fully Deco els functional.This database(s)<95%Per Dock 510 includes but is not lirited to I the ability to __J_ rent und receive ---Bicycles Bicycles shall be --- redistributed Measurement ycle throughout the Deco 1HD method to be TBDalaneingsystemHasdatabase(s)mutually necessary to agreed upon --meet demand. ·- Deco shall be exempt from the SLA requirements in this exhibit under the following circumstances: (a)Damaged or Stolen Stations and Components:In the event a sration is damaged by acts of god or multiple stations arc damaged at the same time as a result of an event beyond the direct control of Deco,Deco shall be excused from complying with SLA terms for such stations,bikes and components,provided,however,that Deco takes all necessary steps to ensure that riders cannot access such stations,bikes or components until they are fixed and provided further that such time Deco is excused is less than thirty (30)days unless further delay is the result of a Force Majcure Event under the Agreement or the result of a delay by the municipality or other governing body.Deco shall use best reasonable efforts to replace or repair such equipment quickly.It is agreed by the parties that in the event equipment must be ordered or removed for repairs,there will be a corresponding downtime for such equipment of which Deco will not be penalized. (b)Tempo rary Removal or Relocation of Stations:During the Term,stations may be moved or removed temporarily for repairs,upgrades (including tor the rollout of the new equipment as set forth in the Agreement)and/or to make way for construction projects (such as repaving or road infrastructure work).Deco shall be exempt from complying with SLA terms for such stations and shall not be penalized,provided,however,that Deco shall use all commercially 21 7/7/2014 reasonable effort to have any station that is ctfected by such construction project relocated to a different area during the project and shall aiso notify Citi of such removal. (c)3"Party Communication Providers:In the rare event a cellular data service provider (such as AT&T or T-M obile for example)experiences an issue that impacts that data comm unication an d perfo rm an ce of Deco's stations,Deco shall be exempt from the SLA during such period and shall not be penalized.Deco shall notify the commun ication provider immediately upon identifying and attempting to troubleshoot the issue.Deco will notify m embers (via email or social media)and Citi of any impact on the operation of the system if it is likely to persist for more than two hours. 7/7/2014 Exhibit C Program Metrics The utilization metrics for the Program shall be as follows: •Contract Years I&2-An average af 2 Rides (defined below)per day per bicycle (based oa the Program fleet levels set forth in the Agreement) •Contract Years 3,4&5--Any average of 2.5 Rides per day per bicycle (based on the Program fleet levels set forth in the Agreement) No late first quarter of the second contract year of the Term,Deco would perform a formal ridership analysis to determine the degree of utilization of the Program over the first year of the Initial Term In the event that the review demonstrates that the degree of utilization of the Program during the first contract year of the Term is less than an average of at least two Rides (as defined below)per day per bicycle has not been met,then Deco and Citi will come to mutually agreeable revised marketing and public relations commitments for Deco.which may include increasing the financial resources and manpower committed by Deco and related to those commitments,including but not limited to providing Citi with additional media placements,increasing public relations activities,and holding additional local promotions with Miami and Miami Beach agencies.After the initial audit,Deco will conduct quarterly ridership analyses and continue the revised marketing ard public relations actions until the agreed-upon metrics have heen met for at least two consecutive quarters.The parties acknowledge and agree for the purposes of making such calculations the limited time periods during which new docks were installed throughout Miami Beach and locks were changed out throughout Miami Beach will not be counted.Once such metrics have been satisfied for two consecutive quarters such reviews will be conducted at least once annually based on the metrics set forth above for the remainder of the Initial Term,unless any review shows that such metrics have not be satisfied in which case a review shah!be conducted for the following quarter.In the event that the metrics are not met for two consecutive quarters,Citi shall have the option to terminate the Agreement as set forth in Section VIKB3). 25 I 7/7/2014 Cit Bike name Citi Bike Design logo Blue Wave Design Citi Citi with Are Design Citibank Exhibit D Citi Marks 26 7/7/2014 D eco B ike N am e and Logo ecoBike Bicycle Design Exhibi:E Deco Marks 27 1/7/2014 Exhibit F Program Membership Pricing Ranges o Standard Monhy Bike Pass Subscription (unlimited 30 Min rides):$15-$18 Deluxe Monthly 3ke Pass Subscription (unlimited 60 Min des}:$25-$30 o Annual Pre.Pald Bike Pass (unlimited 30 Min rides):$150-$160 o 30Mn:$4-$6 o 1Hour.$6-$9 o 2Hour:$10-$13 o 4Hour$18$22 o 10ay:$24$30 •Deco may modify its prices in accordance with the ranges noted above upon providing ten [A0)days prior notice to Citl.Deco shall be permitted to ofter other various short-term passes not listed here at its discretion,but all subject to any requirements set forth in the Agreement.Far the avoidance of doubt,Deco shall be able to offer discounts of of tte prices below in its discretion,provided that it gives notice to Citi and that such discounts are not related to method of payment far such passes. 28 Exhibit 16.2 Advertising Locations for the Bicycle Basket Advertising Program and Kiosk Advertising Program Active Station #: 107 (1) 122 (2) 124 (3) 128 (4) 136 (5) 145 (6) 147 (7) 148 (8) 149 (9) 157 (10) 159 (11) 161 (12) 163 (13) 164 (14) 166 (15) 167 (16) 168 (17) 169(18) 170(19) 171 (20) 172(21) 173 (22) 174 (23) 178 (24) 181 (25) 182 (26) 184 (27) 187 (28) 202 (29) 203 (30) 205 (31) 211 (32) 212(33) 215 (34) 220 (35) 221 (36) 302 (37) 305 (38) 306 (39) 308 (40) Location: 2nd Street &Collins Ave Ocean Drive &15th Street 7th Street &Parking Garage Michigan Ave &5th Street 9th Street &Washignton Ave 14th Street &Alton Rd Washington Ave &13th Street 13th Street &Collins Ave 14th Street &Collins Ave 15th Street &Alton Rd 15th Street &Washington Ave 15th Street &Collins Ave Lincoln Rd &James Ave Washington Ave &17th Street Drexel Ave &Lincoln Rd Pennsylvania Ave &Lincoln Rd Euclid Ave &Lincoln Rd Meridian Ave &Lincoln Rd 1666 West Ave Jefferson Ave &Lincoln Rd Michigan Ave &Lincoln Rd Lenox Ave &Lincoln Rd Lincoln Rd &West Ave 17th Street &Convention Center Dr 17th Street &Collins Ave 18th Street &Collins Ave 19th Street &Dade Blvd West Ave &20th Street Miami Beach Dr &22nd Street 23rd Street &Collins Ave 24th Street &Collins Ave 35th Street &Collins Ave 40th Street &Collins Ave Chase Ave &41 st Street Collins Ave &44th Street 44th Street &Collins Ave Collins Ave &5500 Blk 67th Street &Collins Ave 69th Street &Collins Ave Byron Ave &71 st Street 45 Docusign Envelope ID:F328520B8-9D34-46FA-B830-7F548152ACB9 EXHIBIT 27 Human Trafficking Affidavit In accordance with Section 787.,06 (13),Flori&a Statutes,the undersigned,on behalf of Concessionaire hereby attests under penalty of perjury that Concessionalre does not use coercion for labor or services as defined in Section 787.06,Florida Slalutes,entitled "Human Trafficking". l understand that l am swearing or affirming under oath to the truthfulness of the claims made in this affidavit and that the punishment for knowingly making a false statement includes fines and/or imprisonment. The undersigned ls authorized to execute this affidavit on behalf of Concessionaire. CONCESSIONAIRE: 9%%"E a_"cororoon. 41 ne 17th ter Miami fl 33132 N rrlll Ricardo Pi erdant PRESIDENT[lg {d,(Address) Stale of County of Florida Miami dade The foregoing instrument was acknowledged before me by moans of [l physical presanco or l onine notarization.mhts Q/"aay ot anuC,2026 by huordo kid@ nt.as Preside )t [)eOfl.LA.,a L'corporation,known to me to be the person described hereln,or who produced .-s identiflcalion, and who didtdld not take an oath. of NOTAFL/41 (iii.O ICA GARCIAt"i."rn.~\llotary Publlc -State of Florida izl:;j commlsten #HH 427053-%$%l a».sic iii.o snced through National Notary Assn. (Print Name) My commission explrss 46 .,' RESOLUTION NO 2023-32803 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH,FLORIDA,ACCEPTING·THE RECOMMENDATION OF THE FINANCE AND ECONOMIC RESILIENCY COMMITTEE,AT ITS SEPTEMBER 22,2023 MEETING,AND OF THE CITY MANAGER (AS SET FORTH IN THE CITY COMMISSION MEMORANDUM ACCOMPANYING THIS RESOLUTION) AND WAIVING,BY 5/7TH VOTE,THE FORMAL COMPETITIVE BIDDING REQUIREMENT IN SECTION 2-367(E)OF THE CITY CODE,FINDING SUCH WAIVER TO BE IN THE BEST INTEREST OF THE CITY,AND AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE A NEW CONCESSION AGREEMENT WITH 'DECO BIKE;LLC FOR THE IMPLEMENTATION, MANAGEMENT,AND OPERATION OFA SELF-SERVICE BICYCLE SHARING PROGRAM,FOR A TERM OF FIVE (5)YEARS,COMMENCING ON JANUARY1,2025 AND EXPIRING ON DECEMBER 31,2029,BASED UPON THE ESSENTIAL TERMS'SET FORTH IN THE TERM SHEET,ATTACHED AS EXHIBIT "4"TO THE CITY COMMISSION MEMORANDUM ACCOMPANYING THIS RESOLUTION;'AND FURTHER'APPROVING THE TERMS OF THE SPONSORSHIP AGREEMENT BETWEEN DECO 'BIKE AND CITIBANK, ATTACHED AS EXHIBIT"2 To THE C iTY COMMISSION MEMORANDUM ACCOMPANYING THIS RESOLUTION,AUTHORIZING THE OPERATION OF THE PROGRAM UNDER 'THETITLE'SPONSORED NAME OF "CITI BIKE". -··°-:.?•5 '.1 «.• ' •s t .'•WHEREAS,on July 16,2009,the City entered into an agreement with Deco Bike,LLC ("Deco Bike")in response to RFP 44-07/08.forthe delivery and operation ofa self-service bicycle rental fleet for public use,to be stationed in the public right-of-way (the "Agreement");and WHEREAS,the Agreement required Deco Bike to implement a program which enabled the public to self-rent bicycles from any number of locations and return them to another location, on a 24-hour,365-day per year basis (the "Program");and" ·•..o .+...ET .:..g •... WHEREAS,it becameviderit early or'hat without intervention by the City,eitherthrough a contract term modificationor additional revenue source,'the'Program would not achieve a return of capital or modest profit to Dec "Bike,or allow'the'recovery ·of the City's forgone parking revenues;and WHEREAS,on July 18,2012,the Mayor and City Commission adopted Resolution No. 2012-27975,approving Amendment No.1 to the Agreement;said Amendment (1)extending the term of the Agreement through September 30,2023,an additional ten (10)years;(2)increasing the operational maximum number of bicycles to 1,100 bicycles;(3)approving certain advertising and sponsorships;(4)providing for a revenue sharing provision by increasing the exemption from City revenue share from $1,000,000 to $1,500,000 during the first year of the new term,declining at a rate of $250,000 per year to $0in year seven (7)of the revised term;and (5)adding a Windfall Provision,which provided for the opportunity to recover the waived revenue;and ••...•'•••••·;;_••.•,•••'·,'.::.':-•.-•'~.:·.:.,:':·~•••',•••••,l ,.·••:••,.·;....._--•.::.,,._•'i •·,'. WHEREAS,on May12,2015,he'City and'Deco Bike,executed Amendment No.2 to the Agreement,approving the sponsorship with'Citibank'to operate under the Program name of "Citi Bike",providing for the sharing of the advertising revenue generated from the Citibank °· Docusign Envelope ID:F328520B-9D34-46FA-B830-7F548152ACB9 EXHIBIT 29 Prohibltlon Against Contracting with Foreign Countrios of Concorn Affidavit In accordance with Section 287.138,Florida Statutes,incorporated herein by reference.the undersigned,on behalf of Concessionaire,hereby attests under penally of perjury thal Concessionaire dogs not meet any of the fallowing criteria In Paragraphs 2(a}(c)of Section 287.138,Florida Statutes:(a}Concessionaire is owned by a government of a foreign country of concern;(b)the government of a foreign country of concam has a controlling interest in Concessionaire;or (c)Concessionaire is organized under the laws of or has lts principal placa of business in a foreign country of concamn. I understand that I am swearing or affirming under oath,under penalties of perjury,to the truthfulness of the claims made in thls affidavit and that the punishment for knowingly making a false statement includes fines and/or imprisonment. The undersigned is authorized to execute this affidavit on behalf of Concessionaire. CONCESSIONAIRE: Decobike LLc LLC C[fa{Df1, 17th NE ter miam fl 33132 Name/Tile.Ricardo Pierdant PRESIDENT (Address) State of County of Florida . Miami dade The foregolng instrument was acknowledged before me by means of [J physical presence or ] oiine notarzgloo,hle l day ot ..Jauy]_.,2023 yhaloPeri@not..as Birsdo±.o Dgoixe LC ,a LC corporation,known to me to be the arson described herein,or who produced ..-.asidentification, and who did/did not taks an oath. ( (Signature}' Monica age (Pint Name) My commission expires: Giii~..MONICA GARCIA$pi;oary Pol -·sate of Flora32EiS}commtsson +8H 427093%?=5%y Comm.Expires Jul 27,2027 3orded through National Notary Assn . 47 ...Sponsorship Agreement,.as part of the Bicycle Basket Sponsorship Program,the Kiosk Advertising Program and naming rights;and .... WHEREAS,on December 11,2019,the Mayor and City Commission adopted Resolution No.2019-31105,authorizing the City Manager to negotiate an amendment to the Agreement. between the City and Deco Bike for the provision of a docked electric-assisted bicycle sharing pilot program.("Pilot Program"),subject to the City Commission's approval of the final amendment; and ..W HEREA S,due to the COVID-19 pandemic,bike service was interrupted,and on June 23,2021,the Mayor and City Commission adopted Resolution No.2021-31743,approving Amendment No.3 to the Agreement;said amendment approving the implementation, management and operation of a one-year Pilot Program for the operation of up to 100 docked electric assisted bicycles Citywide within the existing concession areas;and W HEREA S,on May 17,2023,the Mayor and City Commission adopted Resolution No. 2023-32605,approving Amendment No.'4 to the Agreement;said amendment extending the Agreement on a month-to-month basis,for a period not to exceed fourteen (14)months,or until such time as the City Commission awards a contract pursuant to a new .competitive solicitation for the City's Self-Service Bicycle Sharing Program,whichever occurred first;and.........•..•..•.....••..•.-..... W HER EAS,at the September 13,2023 City Commission meeting,Vice-Mayor Richardson sponsored a referral item(C4 P)to the Finance and Economic Resiliency Committee (FERC)to discuss the status of the current Deco Bike Agreement,including contract period,plans for renewal,plans for a solicitation,contract revenues and other related matters;and W HEREA S,at the September 22,2023 Finance and Economic Resiliency Committee ("Committee")meeting,Deco Bike requested a five (5)-year extension to their Agreement,based on various factors,including the financial success of the Program,benefits to the City,and the value of the Citibank sponsorship;and'' ........ .--W HEREA S,the Committee unanimously recommended the five (5)-year extension,which would begin on January 1,2025,the end of the current extension,and expire on December 31, 2029,and further recommended that the new contract include a minimum guarantee and a public benefit,which would serve to incentivize residents to use the Program;and ++•+,•+ W HEREA S,based upon the recommendation of the Committee,the City Administration and Deco Bike have negotiated the essential terms of a new five-year agreement,summarized in the proposed Term Sheet,with the financial terms including the addition of a Minimum Guarantee payment and a new public benefit contribution,along with a City contribution,as follows: ..,·.•....•........ •Concession Fees to the City equal to the greater of (1)the Annual Minimum Guarantee payment (MG),in the amount of $380,000.00;or (2)the annual Percentage of gross sales receipts (PG)payments (paid monthly)received from Deco Bike's operations equal to 12%of the total gross sales receipts under $3.million and 15%of gross sales receipts equal to or greater than $3 million for a contract year;and ...... In addition to the membership plans offered under the current Agreement,Deco Bike has agreed to provide three (3)30-minute free rides per month for Miami Beach residents who are not Citi Bike members,or .one (1)free month for every twelve ..... months of membership for established customers of the Program ("Monthly Incentive Program")in order to incentivize use of bicycles as a transportation alternative.Deco Bike will cover the cost of the Monthly Incentive Program up to the total amount of $35,000.00 and the City will cover .the cost exceeding $35,000.00;and .....••:-•.••·:..·...••..•..:-.·-.·:....· WHEREAS,under the proposed Term Sheet,Deco Bike will continue to provide the membership plans offered under the current Agreement:a membership option for residents of $20.00 per month,which provides for unlimited 30-minute rentals,with a three-month minimum commitment,to ensure the benefit flows to the residents,instead of tourists;a deluxe.monthly plan that provides unlimited one-hour rentals for an extra $5.00 per month;and an employee rental plan at $99.00 annually,with unlimited 30-minute trips;and··· WHEREAS,the Program under the new agreements shall continue to operate initially with 1,100 bicycles,of which 100 will be electric-assisted bicycles ("e-bikes");however,the City. Manager will have the authority to increase the number of e-bikes to a number that is up to 200, thereby increasing the total number of bicycles in the fleet to a number that is up to 1,200;and WHEREAS,Deco Bike has demonstrated to be a good partner to the City by providing a reliable bicycle service which has been used for leisure,exercise and the transportation needs of the community;and ' WHEREAS,in FY 2012,the Agreement provided revenues to the City of $279,457.00; in FY 2022,revenues rose.to $687,061.00,including advertising revenues from the Citibank sponsorship payments;and for FY 2023,revenues to the City were approximately $700,000.00 through a combination of Concession and sponsorship fees;and ..... WHEREAS,the new agreement is anticipated to generate a similar revenue stream on.an annual basis;and'' WHEREAS,Deco Bike's ability to secure the Citibank sponsorship has served to make the Program profitable,without the need for the City to subsidize the Program,as is typical of these bicycle sharing programs in out-of-state municipalities;and • WHEREAS,based upon the longstanding and satisfactory performance record of.Deco Bike,including their ability to generate revenues for the City,the City Manager recommends accepting the recommendation of the Committee,at its September 22,2023 .meeting,and -waiving,by 5/7 vote,the formal competitive bidding requirement in Section 2-367(e)of the City Code,finding such waiver to be in .the best interest of the City,and authorizing the.City Manager to negotiate and execute a new Concession Agreement with Deco Bike,LLC,for the implementation,management,and operation of:the Program,for a term of five (5)years, commencing on January 1,2025 and expiring on December 31,2029,based upon the essential terms set forth in the Term Sheet,attached as Exhibit "1"to the City Commission Memorandum accompanying this Resolution;and further approving the terms of the Sponsorship Agreement. between Deco Bike and Citibank,attached as Exhibit "2"to the City Commission Memorandum -accompanying this Resolution,authorizing the operation of the Program under the title sponsored name of "Citi Bike".· NOW,THEREFORE,BE IT DULY RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH,FLORIDA,that the Mayor and City Commission hereby accept the recommendation of the Finance and Economic Resiliency Committee,at its September 22,2023 meeting,and of the City Manager (as set forth in the City Commission Memorandum accompanying this Resolution)and waive,by 5/7"vote,the formal competitive bidding requirement in Section 2-367(e)of the City Code,finding such waiver to be in the best interest of the City,and authorize the City Manager to negotiate and execute a new Concession Agreement with Deco Bike,LLC for the implementation,management,and operation of a Self-Service Bicycle Sharing Program,for a term of five (5)years,commencing on January 1,2025 and expiring on December 31,2029,based upon the essential terms set forth in the Term Sheet attached as Exhibit "1"to the City Commission Memorandum accompanying this Resolution;and further approve the terms of the Sponsorship Agreement between Deco Bike and Citibank,attached as Exhibit "2"to the City Commission Memorandum accompanying this Resolution,authorizing the operation of the Program under the title sponsored name of "Citi Bike". PASSED and ADOPTED this /¥day or _lo4e 2023. ATTEST: 0CT 2 0 023 ,s i Dan Gelber,Mayor APPROVED AS TO FORM &LANGUAGE &FOR EXECUTION City Attorney~ t-I0-23 Dote Resolutions -C7 K MIAMI BEACH COMMISSION MEMORANDUM TO:Honorable Mayor and Members of the City Commission FROM:Alina T.Hudak,City Manager DATE:October 18,2023 SUBJECT:A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH,FLORIDA,ACCEPTING THE RECOMMENDATION OF THE FINANCE AND ECONOMIC RESILIENCY COMMITTEE,AT ITS SEPTEMBER 22,2023 MEETING,AND OF THE CITY MANAGER (AS SET FORTH IN THE CITY COMMISSION MEMORANDUM ACCOMPANYING THIS RESOLUTION)AND WAIVING,BY 517TH VOTE,THE FORMAL COMPETITIVE BIDDING REQUIREMENT IN SECTION 2-367(E)OF THE CITY CODE,FINDING SUCH WAIVER TO BE IN THE BEST INTEREST OF THE CITY,AND AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE A NEW CONCESSION AGREEMENT WITH DECO BIKE,LLC FOR THE IMPLEMENTATION,MANAGEMENT,AND OPERATION OF A SELF-SERVICE BICYCLE SHARING PROGRAM,FOR A TERM OF FIVE (5)YEARS,COMMENCING ON JANUARY 1,2025 AND EXPIRING ON DECEMBER 31,2029,BASED UPON THE ESSENTIAL TERMS SET FORTH IN THE TERM SHEET,ATTACHED AS EXHIBIT "1"TO THE CITY COMMISSION MEMORANDUM ACCOMPANYING THIS RESOLUTION; AND FURTHER APPROVING THE TERMS OF THE SPONSORSHIP AGREEMENT BETWEEN DECO BIKE AND CITIBANK,ATTACHED AS EXHIBIT "2"TO THE CITY COMMISSION MEMORANDUM ACCOMPANYING THIS RESOLUTION,AUTHORIZING THE OPERATION OF THE PROGRAM UNDER THE TITLE SPONSORED NAME OF "CITI BIKE". RECOMMENDATION The Administration recommends approving the Resolution. BACKGROUND/HISTORY On July 16,2009,the City entered into an agreement with Deco Bike,LLC ("Deco Bike"or "Concessionaire")in response to RFP 44--07/08 for the delivery and operation of a self-service bicycle rental fleet for public use to be stationed in the public right-of-way.The agreement required the Concessionaire to implement a program which enabled the public to self-rent bicycles from any number of locations and return them to another location,on a 24-hour,365- day per year basis. Page 328 of 2240 A cquisition of bicycles and equipm ent,operation of a rental bike pro gram and staff ing exp enses required an ext ended initial capital investm ent by D eco Bike.It becam e evident early on that wi th out interv ention by th e C ity,either th roug h a contract term m odification or additiona l revenue so urce,the progra m wo uld no t achieve a return of capita l or modest profit to the C o ncessionaire,or allow th e recovery of the City's fo rgone parki ng revenues.G iven the nature of pro gra m revenue,wh ich is genera ted in sm all portions th ro ugh bike rentals,a long-term contract wa s necessary to allow D eco B ike tim e to recupera te its investm ent and generate profit. O n July 18,20 12 ,th e M ayor and City C om m ission adopted Resolut ion No.2012-27975, approving A m endm ent No.1 to th e Agreem ent,extend ing the term of the Agreem ent fo r an additional ten (10 )years ,th rough S eptem ber 30,2023,increasing the opera tional maxi m um to 1,10 0 bicycles,approving certa in ad vertising and sponsors hips,and pro viding fo r a revenue sharing provi sion by increasing th e exem ption from City revenue share fro m $1,000,000 to $1,500,000 during the firs t year of th e new term ,declining at a rat e of $250,000 per year to $0 in year seven (7)of the revised term .The Am end m ent also included a W indfall Pro vision,wh ich provided fo r th e opportunity to recover the wa ived revenues. T he reafter,D eco Bike wa s able to secure a title na m e sponsors hip ag reem ent wi th Citibank,to ope rate th e progra m under the "C ii Bike"na m e (the "C iti Bike Sponsors hip Agreem ent''}.O n M ay 12 ,2015 ,the C ity and D eco Bike,execut ed Am endm ent No.2 to the Agreem ent, approving the sponsors hip wi th Citibank to assist D eco Bike in generating revenues fo r its opera tions and pro viding fo r the sharing wit h the City of the advertising revenue s generated from th e C itibank S pons ors hip Agreem ent,as part of th e Bicycle Basket Sponsors hip Progra m and th e K iosk A dvertising P ro gra m ,and including nam ing rights.These ty pe s of spo nso rs hips are not co mmo n,and bicycle-sharing prog rams are typica lly subsidized by govern me ntal agencies to provide additional transpo rtation options for residents. O n D e cem ber 11,2019 ,th e M ayor and City Com m ission adopted Resolut ion No.2019-31105, aut ho rizing th e C ity M anager to negotiate an am end m ent to th e Agreem ent betwe en the City and D eco B ike for the pro vision of a docked electric-assisted bicycle sharing pilot pro gra m ("Pilot P ro gram "),subject to the C ity C om m ission's appro val of the final am endm ent.Due to the C O V ID -19 pand em ic,bike serv ice wa s interru pted.Later,on June 23,2021,the Mayor and C ity C om m ission adopted R esolut ion No.2021-31743,appro ving Am end m ent No.3 to the A gree m ent,wi th said am endm ent approving the im plem entation,m anag em ent and operation of a one-year Pilot P rogra m fo r the opera tion of up to 100 docked electric assisted bicycles C itywi de wi th in the existing Conc ession Areas. A s the D eco Bike Agre em ent wa s set to exp ire on Septem ber 30,2023,on May 17,2023,the M ayor and C ity Com m ission approved R esolut ion N o.2023-32905,approving Am end m ent No. 4 to th e A greem ent ;said am end m ent extend ing the Agreem ent on a month-to-m onth basis,fo r a period no t to exceed fo urteen (14 )m onth s,or until such tim e as the City Com m ission awa rds a contra ct purs uant to a new com petitiv e solicita tion for the City's bicycle sharing progra m , wh iche ver is earlier.A s directed by th e R esoluti on,the A dm inistra tion is fina lizing an Invita tion to N egotiate for th e servi ces. ANALYSIS A t the S eptem ber 13 ,2023 C ity Com m ission m eeting ,V ice-M ayor Richardson sponsore d a referral item (C 4 P }to th e Fina nce and E conom ic R esiliency Com m ittee ("FER C")to discuss Page 329 of 2240