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2000-23918 RESO RESOLUTION NO. 2000-23918 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, AUTHORIZING, BY FIVE- SEVENTHS VOTE, THE WAIVER OF FORMAL COMPETITIVE BIDDING AND AWARDING A PROFESSIONAL SERVICES AGREEMENT TO PRICE WATERHOUSE COOPERS, AT AN AMOUNT NOT TO EXCEED $25,000, TO PROVIDE A HOTEL FISCAL ANALYSIS THAT WILL ASSESS THE POTENTIAL EFFECTS OF AN UPCOMING ROADWAY RECONSTRUCTION PROJECT, PROGRAMMED BY THE FLORIDA DEPARTMENT OF TRANSPORTATION (FDOT) FOR AlA/COLLINS AVENUE, FROM LINCOLN ROAD TO 26TH STREET; AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE THE AGREEMENT; APPROPRIATING $12,500 IN CONCURRENCY MITIGATION FUNDS, WITH AN ADDITIONAL $12,500 IN PARKING ENTERPRISE FUNDS BEING AVAILABLE FOR THE PURPOSE; AND FURTHER ACKNOWLEDGING SUBSEQUENT REIMBURSEMENT OF THE MITIGATION ACCOUNT BY FDOT PUBLIC INVOLVEMENT FUNDS/COLLINS AVENUE PROJECT. WHEREAS, the Florida Department of Transportation (FDOT) has scheduled a roadway reconstruction project for AlA/Collins Avenue, from Lincoln Road to 26th Street, to begin in late April 2001, and to be completed in early December 2001 (Project); and WHEREAS, the hoteliers on Collins Avenue are concerned about the potential impacts of this Project on their businesses, and requested that the City prepare a Hotel Fiscal Analysis for the Project; and WHEREAS, the hoteliers, the Miami Beach Hotel Association, and the Greater Miami Hotel Association recommend that Price Waterhouse Cooper, LLP, be hired to perform this analysis; and WHEREAS, the Hotel Fiscal Analysis needs to be done as soon as possible, due to the fact that its recommendations may indicate the need for changes to the FDOT final construction plans; a lengthy task under the State's plan approval and permitting processes; and WHEREAS, the Administration would recommend that the Mayor and City Commission accordingly waive the competitive bidding requirement and award the aforestated agreement, on an emergency basis; and WHEREAS, this analysis shall not exceed $25,000 in cost, and shall be equitably funded by utilizing available Parking Enterprise Funds, and Concurrency Mitigation Funds to be appropriated for the purpose. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that the Mayor and City Commission hereby authorize, by five-sevenths vote, the waiver of formal competitive bidding and award a Professional Services Agreement to Price Waterhouse Coopers, in an amount not to exceed $25,000, to provide a Hotel Fiscal Analysis that will assess the potential effects of an upcoming roadway reconstruction project, programmed by the Florida Department of Transportation (FDOT) for AlA/Collins Avenue, from Lincoln Road to 26th Street; authorize the Mayor and City Clerk to execute the Agreement; appropriate $12,500 in Concurrency Mitigation Funds, with an additional $12,500 in Parking Enterprise Funds being available for the purpose; and further acknowledge subsequent reimbursement of the mitigation account by FDOT Public Involvement Funds/Collins Avenue Project. PASSED AND APPROVED this the 10th day of May , 2000. 1//41 MAYOR ATTEST: // CitJ1Ul~ CI Y CLERK !} /1 II (~tlf:).~ APPROVED AS TO FORM [1 LANGUAGE & fOR EXECUTION F\I'I.AN..$AI.L'AMLI JAIl DI'ES',I'I<ll:EWTlI. WI'D ~~ .lty A~.. , 51S70D ba.~ CITY OF MIAMI BEACH CITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH, FLORIDA 33139 http:\\cLmiami-beach.fl.us ._~...----------_...._---------_..._------------_..._.....-------......-......-----..........------ -----..-----------------------------...----------------------...----------------.---------..------------------------.---------------- TO: FROM: SUBJECT: COMMISSION MEMORANDUM NO. 38/-(:) 0 Mayor Neisen O. Kasdin and Members of the City Commission DATE: May 10, 2000 Lawrence A. Levy ~. City Manager A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, AUTHORIZING, BY FIVE- SEVENTHS VOTE, THE WAIVER OF FORMAL COMPETITIVE BIDDING AND AWARDING A PROFESSIONAL SERVICES AGREEMENT TO PRICE WATERHOUSE COOPERS, AT AN AMOUNT NOT TO EXCEED $25,000, TO PROVIDE A HOTEL FISCAL ANALYSIS THAT WILL ASSESS THE POTENTIAL EFFECTS OF AN UPCOMING ROADWAY RECONSTRUCTION PROJECT, PROGRAMMED BY THE FLORIDA DEPARTMENT OF TRANSPORTATION FOR AlA/COLLINS AVENUE, FROM LINCOLN ROAD TO 26TH STREET; AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE THE AGREEMENT; APPROPRIATING $12,500 IN CONCURRENCY MITIGATION FUNDS, WITH AN ADDITIONAL $12,500 IN PARKING ENTERPRISE FUNDS BEING AVAILABLE FOR THE PURPOSE; AND FURTHER ACKNOWLEDGING SUBSEQUENT REIMBURSEMENT OF THE MITIGATION ACCOUNT BY FDOT PUBLIC INVOLVEMENT FUNDS/COLLINS AVENUE PROJECT. ADMINISTRATION RECOMMENDATION Adopt the Resolution. ANALYSIS The Florida Department of Transportation (FDOT) has, for the last nine (9) years, programmed the reconstruction of AlA/Collins Avenue from 5th Street to 26th Street, as this segment of the State Roadway System has been operating under sub-standard conditions. Due to the fact that this stretch of Collins Avenue is in the Art Deco Historic District and the hotel area of South Beach, both the City and FDOT have encountered resistance from the hoteliers against any disturbance to their businesses. This has resulted in the project being divided into three (3) separate segments, as follows: <) The first segment between Espanola Way and Lincoln Road was modified from a roadway reconstruction to a milling and repaving project only, and was completed prior to the opening of the Loews Miami Beach Hotel. fUNDING APPROVED ~~.~ Management and Budget AGENDA ITEM _r2::TI 5'" \ S-G:l DATE May 10, 2000 Commission Memorandum PSA with Price Waterhouse Coopers Page 2 () The second segment, roadway reconstruction between Lincoln Road and 26th Street, was divided into two phases, the first of which (from Lincoln to 23rd Street) is planned to begin in late April 2001 and end in early December 2001 or approximately nine (9) months; and the second phase (from 23rd Street to 26th Street), to begin in mid-December 2001 and end in early July 2002. () The third segment, a drainage, milling and repaving project from 5th Street to 15th Street, is scheduled for 2002. In spite ofthe Administration's efforts in meeting with the hoteliers several times, the concessions made by FDOT, the comprehensive mitigation plan proposed by both the City and FDOT for the construction period, and FDOT's $1 million in bonus pay to create an incentive for early completion ofthe project, some hoteliers remain against any disturbances to their operations and have requested that a fiscal impact analysis be performed by the City. As specifically recommended by the hoteliers and both the Miami Beach and the Greater Miami Hotel Associations, the Administration requests that the City Commission consider authorizing (by 517ths vote) the waiver of competitive bidding, and award a Professional Services Agreement to Price Waterhouse Coopers, LLP, to provide a Hotel Fiscal Analysis concerning the potential disruption of businesses during the period of construction. This study shall not exceed $25,000 in cost. A specific scope of services and timeline for the Hotel Fiscal Analysis will be available prior to the City Commission Meeting, but, basically, the consultants will provide advisory services to the City by offering an independent perspective, analysis and interpretation, on a best-efforts basis, with respect to the impact of the proposed FDOT project on the affected hotels and the City, specifically as it relates to revenues and tax generation. Analysis Cost and Funding Sources: Price Waterhouse Coopers proposes to charge for the above- mentioned services on an hourly basis, as detailed in their "letter of engagement," attached hereto as Exhibit A. This fiscal analysis shall not exceed $25,000 in cost, and is funded by Miami Beach at $12,500 from the Concurrency Mitigation account, to be appropriated for the purpose, and at $12,500 from Parking Enterprise Funds. Subsequently, the Mitigation account will be reimbursed by FDOT Public Involvement funds/Collins Avenue Project. The Hotel Fiscal Analysis needs to be done as soon as possible due to the fact that its recommendations may require changes to the FDOT final construction plans, a lengthy task under the State's plan approval and permitting processes. Therefore, the Administration recommends ap~al of the Resolution. LL/MS/m AJ Attachment F:\I'L^N\$AI,L\^MELlA\I.oI'I,~'\PRICEWTII.Wrl) PROFESSIONAL SERVICES AGREEMENT BETWEEN THE CITY OF MIAMI BEACH, FLORIDA AND PRICE WATERHOUSE COOPERS, LLP TO PERFORM A HOTEL FISCAL ANALYSIS REGARDING A COLLINS AVENUE ROADWAY RECONSTRUCTION PROJECT THIS AGREEMENT is made this ;;t}. day of J~ , 2000 by and between the CITY OF MIAMI BEACH, FLORIDA (City), which term shall include its officials, successors, legal representatives, and assigns, and PRICE WATERHOUSE COOPERS, LLP, (Consultant). SECTION 1 DEFINITIONS Agreement: This written Agreement between the City and the Consultant. City Manager: "City Manager" means the Chief Administrative Officer of the City. Consultant: For the purposes of this Agreement, Consultant shall be deemed to be an independent contractor, and not an agent or employee of the City. Final Acceptance: "Final Acceptance" means notice from the City to the Consultant that the Consultant's Services are complete, as same are set forth in Section 2 of this Agreement. Fixed Fee: Fixed amount paid to the Consultant to allow for its costs and margin of profit. Project Coordinator: An individual designated by the City Commission to coordinate, direct and review on behalf of the City all technical matters involved in the Services. Risk Manager: The Risk Manager ofthe City, with offices at 1700 Convention Center Drive, Third Floor, Miami Beach, Florida 33139. Services: All services, work and actions by the Consultant performed pursuant to or undertaken under this Agreement described in Section 2. Termination: Termination of Consultant Services as provided in Subsection 11 of this Agreement. Task: A discrete portion of the Services to be accomplished by the Consultant, as described in Section 2, as directed and authorized by the City. SECTION 2 SCOPE OF WORK AND SERVICES REQUIRED The scope of work to be performed by the Consultant is set forth in Exhibit "A," entitled "Scope of Work" (Services). -2- SECTION 3 COMPENSATION 3.1 FIXED FEE Consultant shall be compensated for the Services performed herein on an hourly basis, for a total amount not to exceed of Twenty Five Thousand and 00/00 Dollars ($25,000), and as more specifically set forth in Exhibit "A" hereto. 3.2 METHOD OF PAYMENT Payment shall be made to the Consultant pursuant to invoices or other submissions by the Consultant which detail or represent the completion of a percentage of those phases of the Services, as set forth in Exhibit "A". Specific milestones shall include the submission of an invoice documenting the completion ofthe proportion of the Services performed in each phase of the work. All submissions shall contain a statement that the items set forth therein are true and correct and in accordance with the Agreement. Payments shall be made within thirty (30) days of submission of the invoice or report to the City. 4.1 SECTION 4 GENERAL PROVISIONS RESPONSIBILITY OF THE CONSULTANT With respect to the performance of the Services, the Consultant shall exercise that degree of skill, care, efficiency and diligence normally exercised by recognized professionals with respect to the performance of comparable Services. In its performance of the Services, the Consultant shall -3- comply with all applicable laws and ordinances, including but not limited to, applicable regulations of the City, County, State, Federal Government, ADA, EEO Regulations and Guidelines. 4.2 PUBLIC ENTITY CRIMES State of Florida Form PUR 7068, Sworn Statement under Section 287.l33(3)(a) Florida Statute on Public Entity Crimes as available with the office of the City Clerk, shall be filed by Consultant. 4.3 PROJECT MANAGEMENT The Consultant shall appoint a qualified individual acceptable to the City to serve as Project Manager for the Services who shall be fully responsible for the day-to-day activities under this Agreement and who shall serve as the primary contact for the City's Project Coordinator. 4.4 DURATION AND EXTENT OF AGREEMENT The term of this Agreement shall be for a period of ninety (90) days from the date of execution of this Agreement. Provided, however, that as to any additional services requested by the City within such period, such services may be completed beyond such period, as mutually agreed to in writing by the parties, prior to their commencement. 4.5 TIME OF COMPLETION The Services to be rendered by the Consultant shall be commenced upon receipt of a written Notice to Proceed from the City subsequent to the execution of this Agreement, and Consultant shall adhere to the completion schedule as referenced by Exhibit" A" hereto. A reasonable extension of time shall be granted in the event the work of the Consultant is delayed or prevented by the City or by any circumstances beyond the reasonable control of the Consultant, including weather conditions or acts of God which render performance of the Consultant's duties impracticable. -4- 4.6 NOTICE TO PROCEED Unless directed by the City otherwise, the Consultant shall proceed with work on the Services only upon issuance of a Notice to Proceed by the City. 4.7 OWNERSHIP OF DOCUMENTS AND EQUIPMENT All documents prepared by the Consultant pursuant to this Agreement are related exclusively to the Services described herein, and are intended or represented for ownership by the City. Any reuse by Consultant or the parties shall be approved in writing by the City. 4.8 INDEMNIFICATION Consultant agrees to indemnify and hold harmless the City of Miami Beach and its officers, employees and agents, from and against any and all actions, claims, liabilities, losses, and expenses, including, but not limited to, attorneys' fees, for personal, economic or bodily injury, wrongful death, loss of or damage to property, at law or in equity, which may arise or be alleged to have arisen from the negligent acts, errors, omissions or other wrongful conduct of the Consultant, its employees, agents, sub-consultants, or any other person or entity acting under Consultant's control, in connection with the Consultant's performance ofthe Services pursuant to this Agreement; and to that extent, the Consultant shall pay all such claims and losses and shall pay all such costs and judgements 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. The parties agree that one percent (1 %) of the total compensation to the Consultant for performance of the Services under this Agreement is the specific consideration from the City to the Consultant for the Consultant's Indemnity Agreement. The Consultant's obligation under this Subsection shall not include the obligation to indemnify the City of Miami Beach and its officers, employees and agents, from and against any -5- actions or claims which arise or are alleged to have arisen from negligent acts or omissions or other wrongful conduct of the City and its officers, employees and agents. The parties each agree to give the other party prompt notice of any claim coming to its knowledge that in any way directly or indirectly affects the other party. 4.9 INSURANCE REQUIREMENTS The Consultant shall not commence any work pursuant to this Agreement until all insurance required under this Subsection has been obtained and such insurance has been approved by the City's Risk Manager. The Consultant shall maintain and carry in full force during the term of this Agreement and throughout the duration of the work the following insurance: 1. Consultant General Liability in the amount of $1,000,000.00. A certified copy of the Consultant's (and any sub-consultants') Insurance Policy must be filed and approved by the Risk Manager prior to commencement. 2. Workers Compensation & Employers Liability as required pursuant to Florida statute. Thirty (30) days written notice of cancellation or substantial modification in the insurance coverage must be given to the City's Risk Manager by the Consultant and his insurance company. The insurance must be furnished by insurance companies authorized to do business in the State of 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 for approval prior to any work commencing. These certificates will be kept on file in the office of the Risk Manager, 3rd Floor, City Hall. The Consultant is responsible for obtaining and submitting all insurance certificates for their consultants. 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 "B+" as to management and not -6- 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. Compliance with the foregoing requirements shall not relieve the Consultant ofthe liabilities and obligations under this Subsection or under any other portion of this Agreement, and the City shall have the right to obtain from the Consultant specimen copies of the insurance policies in the event that submitted certificates of insurance are inadequate to ascertain compliance with required overage. 4.9.1 Endorsements All of Consultant'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. 4.9.2 Certificates Unless directed by the City otherwise, the Consultant shall not commence the Services until the City has received and approved, in writing, certificates of insurance showing that the requirements of this Subsection (in its entirety) have been met and provided for. 4.10 FINAL ACCEPTANCE When the Services have been completed, the Consultant shall so advise the City in writing. Final Acceptance shall not constitute a waiver or abandonment of any rights or remedies available to the City under any other Section of this Agreement. -7- 4.11 TERMINATION. SUSPENSION AND SANCTIONS 4.11.1 Termination for Cause Ifthrough any cause within the reasonable control ofthe Consultant, the Consultant shall fail to fulfill in a timely manner, or otherwise violate any of the covenants, agreements, or stipulations material to this Agreement, the City shall thereupon have the right to terminate the Services then remaining to be performed. Prior to exercising its option to terminate for cause, the City shall notify the Consultant of its violation of the particular terms of this Agreement and shall grant Consultant ten (10) days to cure such default. If such default remains uncured after (10) days, the City, upon seven (7) days notice to Consultant, may terminate this Agreement. In that event, all finished and unfinished documents, data, studies, surveys, drawings, maps, models, photographs, reports and other work products prepared by the Consultant and its subcontractors shall be properly delivered to the City and the City shall compensate the Consultant in accordance with Section 3 for all Services satisfactorily performed by the Consultant prior the date of the Notice of Termination. Notwithstanding the above, the Consultant shall not be relieved of liability to the City for damages sustained by the City by virtue of any breach of the Agreement by the Consultant and the City may reasonably withhold payments to the Consultant for the purposes of set-off until such time as the exact amount of damages due the City from the Consultant is determined. 4.11.2 Termination for Convenience of City The City may, for its convenience and without cause, terminate the Services then remaining to be performed at any time by giving written notice to Consultant of such termination, which shall become effective seven (7) days following receipt by Consultant of the written termination notice. In that event, all finished or unfinished documents and other materials as described in Section 2 and -8- Exhibit "A" shall be properly delivered to the City. If the Agreement is terminated by the City as provided in this Subsection, the City shall compensate the Consultant for all Services satisfactorily performed by the Consultant and reasonable direct costs of Consultant for assembling and delivering to City all documents. Such payment shall be the total extent of the City's liability to the Consultant upon a Termination for Convenience, as provided for in this Subsection. 4.11.3 Termination for Insolvency The City also reserves the right to terminate the remaining Services to be performed in the event the Consultant is placed either in voluntary or involuntary bankruptcy or makes an assignment for the benefit of creditors. In such event, the right and obligations for the parties shall be the same as provided for in Section 4.11.2. 4.11.4 Sanctions for Noncompliance with Nondiscrimination Provisions In the event ofthe Consultant's noncompliance with the nondiscrimination provisions ofthis Agreement, the City shall impose such sanctions as the City or the State of Florida may determine to be appropriate, including but not limited to, withholding of payments to the Consultant under the Agreement until the Consultant complies and/or cancellation, termination or suspension of the Services. In the event the City cancels or terminates the Services pursuant to this Subsection the rights and obligations of the parties shall be the same as provided in Section 4.11.2. 4.11.5 Chan2es and Additions Each such change shall be directed by a written Notice signed by the duly authorized representatives ofthe Consultant. Said Notices shall provide an equitable adjustment in the time of performance, a reallocation of the task budget and, if applicable, any provision of this Agreement which is affected by said Notice. The City shall not reimburse the Consultant for the cost of preparing Agreement change documents, written Notices to Proceed, or other documentation in this -9- regard. 4.12 ASSIGNMENT. TRANSFER OR SUBCONTRACTING The Consultant shall not subcontract, assign, or transfer any work under this Agreement without the prior written consent of the City. The Consultant shall be liable for the Consultant's services, responsibilities and liabilities under this Agreement and the services, responsibilities and liabilities of subconsultants, and any other person or entity acting under the direction or control of the Consultant. When the term "Consultant" is used in this Agreement, it shall also be deemed to include any sub-consultants and any other person or entity acting under the direction or control of Consultant. 4.13 EQUAL EMPLOYMENT OPPORTUNITY In connection with the performance ofthis Agreement, the Consultant shall not discriminate against any employee or applicant for employment because of race, color, religion, ancestry, sex, age, national origin, place of birth, marital status, or physical handicap. The Consultant shall take affirmative action to ensure that applicants are employed and that employees are treated during their employment without regard to their race, color, religion, ancestry, sex, age, national origin, place of birth, marital status, disability, or sexual orientation. Such action shall include, but not be limited to the following: employment, upgrading, demotion, or termination; recruitment or recruitment advertising; layoff or termination; rates of pay, or other forms of compensation; and selection for training, including apprenticeship. 4.14 CONFLICT OF INTEREST The Consultant agrees to adhere to and be governed by the Metropolitan Dade County Conflict ofInterest Ordinance (No. 72-82), as amended; and by the City of Miami Beach Charter and Code, which are incorporated by reference herein as if fully set forth herein, in connection with the -10- Agreement conditions hereunder. The Consultant covenants that it presently has no interest and shall not acquire any interest, direct or indirectly which should conflict in any manner or degree with the performance of the Services. The Consultant further covenants that in the performance of this Agreement, no person having any such interest shall knowingly be employed by the Consultant. No member of or delegate to the Congress of the United States shall be admitted to any share or part of this Agreement or to any benefits arising therefrom. 4.15 PATENT RIGHTS; COPYRIGHTS: CONFIDENTIAL FINDINGS Any patentable result arising out of this Agreement, as well as all information, design specifications, processes, data and findings, shall be made available to the City for public use. No reports, other documents, articles or devices produced in whole or in part under this Agreement shall be the subject of any application for copyright or patent by or on behalf of the Consultant or its employees or subcontractors. 4.16 NOTICES All communications relating to the day-to-day activities shall be exchanged between the Project Manager appointed by Consultant and the Project Coordinator designated by the City. The Consultant's Project Manager and the City's Project Coordinator shall be designated promptly upon commencement of the Services. All other notices and communications in writing required or permitted hereunder may be delivered personally to the representatives of the Consultant and the City listed below or may be -11- mailed by registered mail, postage prepaid (or airmailed if addressed to an address outside of the city of dispatch). Until changed by notice in writing, all such notices and communications shall be addressed as follows: TO CONSULTANT: Pricewaterhouse Coopers L.L.P. Attn: Scott D. Berman, Partner 200 South Biscayne Boulevard, Suite 1900 Miami, Florida 33131 (305) 375-7400 TO CITY: City of Miami Beach Attn:Matthew Schwartz, Assistant City Manager 1700 Convention Center Drive Miami Beach, FL 33139 (305) 673-7010 WITH COPIES TO: Office of the City Attorney Attn: Murray H. Dubbin, City Attorney City of Miami Beach 1700 Convention Center Drive Miami Beach, FL 33139 Notices hereunder shall be effective: If delivered personally, on delivery; if mailed to an address in the city of dispatch, on the day following the date mailed; and if mailed to an address outside the city of dispatch on the seventh day following the date mailed. 4.17 LITIGATION JURISDICTIONNENUE This Agreement shall be enforceable in Dade County, Florida, and iflegal action is necessary by either party with respect to the enforcement of any or all of the terms or conditions herein exclusive venue for the enforcement of same shall lie in Dade County, Florida -12- 4.18 ENTIRETY OF AGREEMENT This writing and the Services embody the entire Agreement and understanding between the parties hereto, and there are no other agreements and understandings, oral or written with reference to the subject matter hereofthat are not merged herein and superseded hereby. The Services and the Proposal Documents are hereby incorporated by reference into this Agreement. No alteration, change, or modification of the terms of this Agreement shall be valid unless amended in writing, signed by both parties hereto, and approved by the City Commission of the City of Miami Beach. This Agreement, shall be governed by and construed according to the laws of the State of Florida. 4.19 LIMITATION OF CITY'S LIABILITY The City desires to enter into this Agreement only if in so doing the City can place a limit on the its's liability for any cause of action for money damages due to an alleged breach by the City of this Agreement, so that its liability for any such breach never exceeds the sum of $25,000. Consultant hereby expresses its willingness to enter into this Agreement with Consultant's recovery from the City for any damage action for breach of contract to be limited to a maximum amount of $25,000, less the amount of all funds actually paid by the City to Consultant pursuant to this Agreement. Accordingly, and notwithstanding any other term or condition of this Agreement, Consultant hereby agrees that the City shall not be liable to the Consultant for damages in an amount in excess of $25,000, which amount shall be reduced by the amount actually paid by the City to Consultant -13- pursuant to this Agreement, for any action or claim for breach of contract arising out of the performance or non-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 the limitation placed upon the City's liability as set forth in Section 768.28, Florida Statutes. IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their appropriate officials, as of the date first entered above. FOR CITY: CITY OF MIAMI BEACH, FLORIDA ATTEST: By: ~(lacJ City Clerk /') . t/C[ 1 cli.,-- By: Mayor 'J1If/ FOR CONSULTANT: PRICE WATERHOUSE COOPERS ATTEST: By: ~J,(i /"artner Corporate Seal J!\PPROVED AS TO FORM & LANGU/-\GE {1. fOR EXECUT!ON -14- ~./ (lOll D0~S 305-375-6353 559 P02 e MRY 09 '00 13:35 e [JRJcfWA7fRHOUSE(aJPfRS I EXHlf31T ,~/I May 9, 2000 PricewaterhouseCoopers LlI' 200 South Bi;c~yne Fl()ujev~nJ Su it" 1 900 Mi.lll1i flnUl Tel"phum:: (3051 17" 7400 F.lC,ill1ile ('WS: .l75 6221 City Commissioner of Miami Beach Cj 0 Mr. Matthew Schwartz Assistant City Manager City of Miami Beach 1700 Convention Center Blvd. Mhrni Beach, Flori.da Re: Addendum to Letter of April 26. 2000 f'ollowing the meeting of May 3, 2000 in Commission ChambeL's, PWC is prepared to, on behalf of the City of Miami Beach, analyze the impact of FDOT project scheduled for 2001 on the hotcl~ operating in the affected area. Specifically, PwC will: . report co the City Commission the anticipated loss of revenues, if any, to the hotels evaluating their rooms, food & beverage, parking and other revenue-producing departments during the impact period; and, . provide an independent perspective on actions the CIty may want to considl;:r t.har \\l"i1l mitigate the potential loss of revenues to the hotels. To accomplish this scope, the consult:lnts will: meet with the Assistant Ciry Mana.ger and staff he designates to review tht defined project, the schedule and other pertinent issues related to this FDOT project; meet with representatives of the Greater Miami & The Beaches Hotel Association to identify 3 represent.'ttive set of hotels to be surveyed and interviewed by PwC; intervIew the repret'cmarive set of hotels to fully undet!'tand their operatiom, revenue generation by department (by month), demand patterns, mix of business, average wom rates, average restaurant check, parking revenues, non-guest expenditures and tax generation for the Ciry of Miami Beach. Other issues such as peak hours of operations, noise considerations and signagc will be addressed with their horeliers; interview key drivers of hotel dcnund to these hotels to determine !:heir intended actions during the period of impact. Interviews with tour operators :lnd wholesalers (Europe and Latin America), meeting and convention planners, as well as other sources of business identified by the hotel operators; . develop and format a financial model based on th~ consultant's research and study for the impacted period, the output of which will serve as the basis for our presentation 1:0 the City; and, · present our findings and conclusions to the City Commission. This an:llysis can be viewed as a Phase I undertaking. ShOlJd the Ciry require that PWC evaluate additional economic considerations including impact beyond tht: rDOT constructIon and impact on - . . . ~ 305-375-6353 e 559 P03 . MAY 09 '00 13:~~ Ci~ ofM- Bu&h Ai/iJnuJImI Mvy 9, 2()()() Pa!' :1 non-hospitality sectors such as retaiL such analyses will be performed only when the City authorizes PwC in writing to do so. TIMING & FEES PWC will deliver its presentation approximately 45 days from the date in which the City provides PwC with an accurate schedule of work, indicating on a month.by-month basis, where construction work will be performed. Ideally, the City will generates a color-coded map which the consultants can rely on to perform the study. PwC will not be responsible for changes to the schedule made after the City provides the aforementioned schedule document. To undertake this analysis, PwCs fees 'J.'ill be $20,000 paid in two installments: T~ Amount Due Upon Accepunce 45 Days from Acceptance $10,()()O Balance + EJq>enses '" Our professional fees are exclusive of all incidental out-of-pocket travel and related expenses such a~ report production, acquisition of demognphicl economic reportS, allocation of office charges in support of our services inc;luding computer usage, telephone, facsimile transmission, postage, photo- . reproduction and miscellaneous expenses. These expenses will be billed to you at cost. If unusual ma.tters come to our attention which warrant additional meetings \\i.th you, or which require work in excess of the above aA1ount, we will discuss the matter with y()U so that a mutually accepblble revision mAY be made. If the deci.c;ion is made to suspend the engagement, only professional fce~ and expenses incurred to Uate will be billed, All invoices are due upon presentation, CONDITIONS OF OUR WORK PwC's consulting sen;ces outlined in this engagement letter will be based upon research, knowledge of the industry, and other datA and sources available to us. Information provided by the client or other third parries authorized by the client to provide such information as a part of our services conducted on your behalf will be accepted without audit or verification and will be assumed to be correct. Our work is intended solely for the internal use of City of Miami Beach and the interested parties- Otherwise, no reference to our Finn can be included in any offering circular. loan agreement, appraisal, application or any other document without prior written consent. Our cunent hourly rates are presented below. Partner Senior Associate Associate Hourlv Rate (a) 70% of standard 1 $375 $250 $150 f'RJcaW"~aJPERS I I Government Hourly R.1res sho~'T1.