784-Hunter Interests, Inc.CITY OF SANFORD CONSULTING SERVICES AGREEMENT
THIS AGREEMENT is made and entered into this 291~ day of November, 1999, by and
between Hunter Interests, Inc., duIy authorized to conduct business in the State of Florida, whose
, hereinai~er called the "CONSULTANT" and the City
of Sanford, a municipal corporation of the State of Florida, whose physical address is Sanford City Hall,
300 North Park Avenue, Sanford, Florida 32771, hereinafter called the "CITY."
WITNESSETH:
WHEREAS, the CITY desires to retain the services of a competent and qualified consultant to
prepare a conference cents/hotel feasibility study for Sanford.
NOW, THEREFORE, in consideration of the mutual understandings and covenants set forth
herein, the CITY and the CONSULTANT agree as follows:
SECTION 1. SERVICES. The CITY does hereby retain the CONSULTANT to furnish
professional services and perform those tasks as further described in the Scope of Services attached
hereto as Exhibit "A" and made a part hereof.
SECTION 2. TERM. This Agreement shall take effect on the date of its execution by the
CITY and shall run for a period of seven (7) weeks and, at the sole option of CITY, may be extended
for a term determined at the sole discretion of the CITY.
SECTION 3. COMPENSATION. The CITY agrees to compensate the CONSULTANT for
the professional services called for under this Agreement on a "Fixed Fee" basis of Thirty Three
Thousand and Five Hundred ($33,500.00) dollars.
SECTION 4. PAYMENT AND BILLING.
(a) The CONSULTANT may invoice the amount due based on the percentage of total Work
Order services actually performed and completed; but, in no event, shall the invoice amount exceed a
percentage of the Fixed Fee amount equal to a percentage of the total services actually completed.
(b) Payments shall be made by the CITY to the CONSULTANT when requested as work
progresses for services furnished, but not more than once monthly. Each Work Order shall be invoiced
separately. CONSULTANT shall render to CITY an itemized invoice properly dated, describing any
services rendered, the cost of the services, the name and address of the CONSULTANT. The original
invoice shall be sent to:
City of Sanford
Attn.: Tony VanDerworp, City Manager
Post Office Box 1788
Sanford, Florida 32772-1788
(e) Payment shall be made after review and approval by CITY within thirty (30) days of
receipt of a proper invoice from the CONSULTANT.
(d) Upon satisfactory completion of work required hereunder and, upon acceptance of the
work by the CITY, the CONSULTANT may invoice the CITY for the full amount of compensation
provided for under the terms of this Agreement including any retainage and less any amount already paid
by the CITY. The CITY shall pay the CONSULTANT within thirty (30) days of receipt of proper
invoice.
Page 2
SECTION ~ RESPONSIBILITIES O1~ ~F~ CONSULTANT.
(a) The CONSULTANT shall be responsible for the professional quality, technical accuracy,
competence, methodology, accuracy and the coordination of all of the following which are listed for
illustration purposes and not as a limitation: documents, analysis, reports, data, plans, plats, maps,
surveys, specifications, and any and all other services of whatever type or nature furnished by the
CONSULTANT under this Agreement. The CONSULTANT shall, without additional compensation,
correct or revise any errors or deficiencies in his plans, analysis, data, reports, designs, drawings,
specifications, and any and all other services of whatever type or nature.
(b) Neither the CITY'S review, approval or acceptance of, nor payment for, any of the
services required shall be construed to operate as a waiver of any rights under this Agreement nor of any
cause of action arising out of the performance of this Agreement and the CONSULTANT shall be and
always remain liable to the CITY in accordance with applicable law for any and all damages to the CITY
caused by the CONSULTANTS negligent or wrongful performance of any of the services furnished
under this Agreement.
SECTION 6. OWNERSHIP OF DOCUMENTS. All deliverable analysis, reference data,
survey data, plans and reports or any other form of written instrument or docqament that may result from
the CONSULTANTS services or have been created during the course of the CONSULTANTS
performance under this Agreement shall become the property of the CITY after final payment is made
to the CONSULTANT.
SECTION 7. TERMINATION.
(a) The CITY may, by written notice to the CONSULTANT terminate this Agreement in
whole or in part, at any time, either for the CITY~S convenience or because of the failure of the
CONSULTANT to fulfill its Agreement obligations. Upon receipt of such notice, the CONSULTANT
Page 3
shall have the following obligations:
(1) Immediately discontinue all services affected unless the notice directs otherwise.
(2) Deliver to the CITY all data, drawings, specifications, reports, estimates,
summaries, and any, reports, and all such other information and materials of whatever type or nature as
may have been accumulated by the CONSULTANT in performing this Agreement, whether completed
or in process.
(b) If the termination is for the convenience of the CITY, the CONSULTANT shall be paid
no more than a percentage of the Fixed Fee mount equivalent to the percentage of the completion of
work, as determined solely and conclusively by the CITY, contemplated by this Agreement.
(c) If the termination is due to the failure of the CONSULTANT to fulfill its Agreement
obligations, the CITY may take over the work and prosecute the same to completion by other Agree-
ments or otherwise. In such case, the CONSULTANT shall be liable to the CITY for all reasonable
additional costs occasioned to the CITY thereby. The CONSULTANT shall not be liable for such
additional costs if the failure to perform the Agreement arises without any fault or negligence of the
CONSULTANT; provided, however, that the CONSULTANT shall be responsible and liable for the
actions of its subcontractors, agents, employees and persons and entities of a similar type or nature. Such
causes may include acts of God or of the public enemy, acts of the CITY in either its sovereign or
contractual capacity, fires, floods, epidemics, quarantine restrictions, strikes, freight embargoes, and
unusually severe weather; but, in every case, the failure to perform must be beyond the control and
without any fault or negligence of the CONSULTANT.
(d) If, steer notice of termination for failure to fulfill its Agreement obligations, it is
determined that the CONSULTANT had not so failed, the termination shall be conclusively deemed to
have been effected for the convenience of the CITY. In such event, adjustment in the Agreement price
Page 4
shall be made as provided in subsection (b)of this Section.
(e) The rights and remedies of the CITY provided for in this Section are in addition and
supplemental to Any and all other rights and remedies provided by law or under this Agreement.
SECTION 8. AGREEMENT AND WORK ORDER IN CONFLICT. Whenever the terms
of this Agreement conflict with any Work Order issued pursuant to it, the Agreement shall prevail.
SECTION 9. NO CONTINGENT FEES. The CONSULTANT warrants that it has not
employed or retained anyone other than a bonafide employee working solely for the CONSULTANT
to solicit or secure this Agreement and that it has not paid or agreed to pay any person, company,
corporation, individual or firm, other than a bona fide employee working solely for the CONSULTANT,
any fee, commission, percentage, gift, or other consideration contingent upon or resulting from award
or making of this Agreement. For the breach or violation of this provision, the CITY shall have the right
to terminate the Agreement at its sole discretion, without liability and to deduct from the A~eement
price, or otherwise recover, the full mount of such fee, commission, percentage, gift, or consideration.
SECTION 10. CONFLICT OF INTEREST.
(a) The CONSULTANT agrees that it will not contract for or accept employment for the
performance of any work or service with any individual, business, corporation or government unit that
would create a conflict of interest in the performance of its obligations pursuant to this Agreement with
the CITY.
(b) The CONSULT ANT agrees that it will neither take any action nor engage in any conduct
that would cause any CITY employee to violate the provisions of Chapter 112, Florida Statutes, relating
to ethics in government.
(c) In the event that CONSULTANT causes or in any way promotes or encourages a CITY
officer, employee, or agent to violate Chapter 112, Florida Statutes, the CITY shall have the right to
Page 5
terminate this Agreement.
SECTION 11. ASSIGNMENT. This Agreement, or any interest herein, shall not be assigned,
transferred, or otherwise encumbered, under any circumstances, by the parties hereto without prior
written consent of the other party and in such cases only by a document of equal dignity herewith.
SECTION 12. SUBCONTRACTORS. In the event that the CONSULTANT, during the
course of the work under this Agreement, requires the services of any subcontractors or other
professional associates in connection with services covered by this Agreement, the CONSULTANT must
first secure the prior express written approval of the CITY. ff subcontractors or other professional
associates are required in connection with the services covered by this Agreement, CONSULTANT shah
remain fully responsible for the services of subcontractors or other professional associates.
SECTION 13. INDEMNIFICATION OF CITY. The CONSULTANT agrees to hold
harmless, indemnify, and defend the CITY, its commissioners, officers, employees, and agents against
any and all claims, losses, damages or lawsuits for damages, including but not limited to attorney's fees
and other legal costs, arising from, allegedly arising from or related to the provision of services hereunder
by the CONSULTANT. In accordance with Florida Statutes §725.06, adequate consideration has been
provided to the CONSULTANT for this obligation, the receipt and sufficiency of which is hereby
specifically acknowledged. Nothing herein shah be deemed to affect the rights, privileges, and immunities
of the CITY as set forth in §768.28, Florida Statutes.
SECTION 14. INSURANCE.
(a) GENERAL. The CONSULTANT shall at the CONSULTANT'S own cost, procure all
insurance required to perform the scope of work for CITY such as but not limited to Professional
Liability, Workers' Compensation/Employer's Liability and Commercial General Liability.
(b) If, during the period which an insurance company is providing the insurance coverage
Page 6
required by this Agreement, an insurance company shall lose its Certificate of Authority, the
CONSULTANT shall, as soon as the CONSULTANT has knowledge of any such circumstance~
immediately notify the CITY and immediately replace the insurance coverage provided by the insurance
company with a different insurance company meeting the requirements of this Agreement. Until such
time as the CONSULTANT has replaced the unacceptable insurer with an insurer acceptable to the CITY
the CONSULTANT shall be deemed to be in default of this Agreement.
SECTION 15. DISPUTE RESOLUTION. The parties shall exercise best efforts to resolve
disputes through voluntary mediation. Mediator selection and the procedures to be employed in
voluntary mediation shall be mutually acceptable to the parties. Costs of voluntary mediation shall be
shared equally among the parties participating in the mediation.
SECTION 16. REPRESENTATIVES OF T~iF~ CITY AND THE CONSULTANT.
(a) It is recognized that questions in the day-to-day conduct of performance pursuant to this
Agreement will arise. The CITY, shah designate Tony VanDerworp as the designated representative
to have the authority to transmit instructions, receive information and interpret and define the CITY~S
policy and decisions pertinent to the work covered by this Agreement.
(b) The CONSULTANT shall designate Don Hunter as representative of the CONSULTANT
who is authorized to act in behalf of and bind the CONSULTANT regarding all matters involving the
conduct of the performance pursuant to this Agreement and shah keep the CITY continually and
effectively advised of such designation.
SECTION 17. ALL PRIOR AGREEMENTS SUPERSEDED. This document incorporates
and includes aH prior negotiations, correspondence, conversations, agreements or understandings
applicable to the matters contained herein and the parties agree that there are not commitments,
agreements or understandings concerning the subject matter of this Agreement that are not contained or
Page 7
referred to in this document. Accordingly, it is agreed that no deviation from the terms hereof shall be
predicated upon any prior representations or agreements, wh~ther oral or written.
SECTION 18. MOI)IFICATIONS, AMENI~MENTS OR ALTERATIONS. No
modification, amendment or alteration in the terms or conditions contained here4n shall be effective unless
contained in a written document executed with the same formality and of equal dignity herewith.
SECTION 19. I~II)EPEhrl)ENT CONTRACTOR. It is agr~d that nothing herein contained
is intended or should be construed as in any manner creating or establishing a relationship of co~partners
b~ve~n the parties, or as constituting the CONSULTANT (including its officers, employ~s, and ag~nts)
the agent, representative, or employee of the CITY for any purpose, or in any manner, whatsoever. The
CONSULTANT is to be and shall remain forever an independent contractor with respect to all services
performed under this Agreement.
SECTION :/0. EMPLOYEE STATUS. Persons employed by the CONSULTANT in
the performance of services and functions pursuant to this Agreement shall have no claim to pension,
workers' compensation, unemployment compensation, civil service or other employee rights or privileges
granted to the CITY' S officers and employees either by operation of law or by the CITY.
SECTION 21'. SERVICES NOT PROVIDED FOR. No claim for services fumished by the
CONSULTANT not specifically provided for herein shah be honored by the CITY.
SECTION 2:/. PUBLIC RECORI)S LAW. CONSULTANT acknowledges CITY~S
obligations under Article I, Section 24, Florida Constitution and Chapter 119, Florida Statutes, to release
public records to members of the public upon request. CONSULTANT acknowledges that CITY is
required to comply with Article I, Section 24, Florida Constitution and Chapter 119, Florida Statutes,
in the handling of the materials created under this Agreement and that said statute controls over the terms
of this Agreement.
Page 8
SECTION :Z3. COMPLIANCE WITH LAWS A.~ID REGULATIONS. In providing all
servmes pursuant to this Agreement, the CONSULTANT shall abide by all statutes, ordinances, rules,
and regulations pertaining to, or regulating the provisions of, such services, including those now in effect
and hereafter adopted. Any violation of said statutes, ordinances, roles, or regulations shall constitute
a material breach of this Agreement, and shall entitle the CITY to terminate this Agreement immediately
upon delivery of written notice of terrm'nation to the CONSULTANT.
SECTION 14. NOTICES. Whenever either party desires to give notice unto the other, it must
be given by wriRen notice, sent by registered or certified United States mail, with return receipt
requested, addressed to the party for whom it is intended at the place last specified and the place for
giving of notice shall remain such until it shall have been changed by written notice in compliance with
For the present, the parties designate the following as the respective places
the provisions of this Section.
for giving of notice, to-wit:
FOR THE CITY
Tony VanDerworp, City Manager
Sanford City Hall
300 N. Park Avenue
Sanford, Florida 32771
FOR THE. CONSULTANT
Donald E. Hunter, President
Hunter Interests, Inc.
121 Main Street
Annapolis, Maryland 21401
SECTION 25. RIGHTS AT LAW RETAINED. The fights and remedies of the CITY,
provided for under this Agreement, are in addition and supplemental to any other fights and remedies
provided by law.
Page 9
SECTION 26. EXTENT OF CONTRACT. This Contract, together with the Exhibits
hereinat%r identified and listed, constitute the entire agreement between the CITY and The
CONSULTANT, and supercedes all prior written or oral understandings and connection therewith. This
Contract may only be mended, supplemented, or modified by a formal written agreement. The Exhibits
made part of this Contract are as follows:
Exhibit "A" Scope of Services
IN WITNESS WHEREOF, the parties hereto have made and executed this Agreement on the
date below written for execution by the CITY.
'(COpORATE SEAL)
ATTEST:
By:
Date:
D ~:ter, PresiddvL'~
7 7q5
CITY COMMISSION
As authorized for execution by the Sanford
City_ Commission at its(-'~ d'bL, ,; ,,~ ,
19q_ff_, Regular Meeting.
Page 10
HUNTER INTERESTS EXHmIT "A"
I N C 0 R P O R A T IZ D
II. Proposed Scope of Services
This section describes a detailed scope of services that HII would undertake in
accordance with the previously described methodological approach. The 10 tasks
described below are responsive to the work request in the RFP.
Task 1: Kick-off Meeting -- At the outset of project work Mr. Hunter
will meet with City representatives to complete any contractual and/or
administrative procedures, obtain copies of studies and information
germane to the project, and to discuss the City's goals and objectives
regarding this.project. During this meeting we would attempt to identify
individuals that would be beneficial to interview from the 'standpoint of
technical data and information, or public/private sector leaders who may
seek to speak with us on a one-on-one basis. We would also seek to
inspect the site. with the City Manager and/or key professionals from the
client group.
Task 2: Initial Research -- A series of confidential interviews will be
conducted with real estate and hospitality professionals in the area, along
with selected hotel and conference facility operators, known facility user
groups, potential local corporate and civic users, and others who may have
technical information and data that is helpful to this study (e.g. Tourist
Bureau, CVB, Chamber of Commerce, economic development
professionals, ete,). All prior studies and technical information collected
from the City will be reviewed and analyzed with particular attention
devoted to the 1997 conference center feasibility study prepared by RERC,
the Fishkind & Associates, economic impact analysis, and the City's
program development costs and cost projections. A summary analysis of
the strengths and weaknesses of the local economy will be prepared along
with analysis of City, County, and State economic projections for the area.
Task 3: 'Conference Center Market Analysis -- All conference and
meeting facilities in the immediate market area will be identified, visited,
analyzed, and described. Known additions or expansion of meeting
facilities in the immediate market area will be researched, along with
future plans for potentially competitive facilities. Particular attention will'
be devoted 'to user groups now using these facilities, as well as potential
users that have been identified by hospitality professionals and/or facility
operators. Assuming identification of corporate use potentials that do not
show up in existing facility use characteristics, HII will prepare a survey
of potential corporate customers for the facility envisioned in Sanford.
Target companies will be identified by location, industry group, the
'3
HUNTER INTERESTS
I N C O R P O R A T E D
extent'-to which they generate business meetings and training session
business, and other factors. Follow-up calls will be made to test possible
use characteristics for the facility envisioned for the Lake Monroe site
using interview. techniques which we have refined through many years of
conducting this type of survey. Demand projections for the facility
envisioned will be made, along with potential demand characteristics if the
preferred development program is adjusted or altered. The conclusion of
the conference center market analysis task will be validation of the
preferred development program or recommended changes to it, along with
numbers of event days anticipated at stabilization, revenue production, and
necessary lodging and support services.
Task 4: Hotel Market Analysis -- In parallel with the conference center
market analysis conducted in Task 3 above, HII hospitality professionals
will conduct a detailed hotel market analysis. Existing hotels in the
immediate service area will be identified, visited, analyzed, and
eategorized. Interviews will be conducted with existing hotel management
personnel. Performance data will be secured from industry sources such
as Smith .Travel Research and other reliable reporting services. Demand
projections will be generated based on analysis of the Commercial,
tourism, and group business sectors. Projections of future business levels
will be made based on accepted economic and demographi.e projections.
Throughout this process the concept of a 300-room full service conference
hotel will be tested in relation to the demand profile and the existing and
anticipated future competition. The desired hotel in the preferred
development program will then be validated or adjusted in relation to
future market support. Particular attention will be devoted to potential
new market penetration characteristics of the waterfront hotel/conference
facility envisioned as well as existing market support that can be
conservatively diverted to it. If necessary, adjustments to the preferred
development program will be recommended in light of this analysis.
Task 5: Recommend Development Program -- Under this task, Mr.
Hunter will personally review all data and information generated by Tasks
3 and 4 above, and will evaluate it from the standpoint of market support
for the preferred development program and risks associated with
continuing with this program. He may also contact potential developers
and hotel operators at this point to test with them the conclusions of our
market analysis findings. Any necessary modifications to the preferred
development program will then be made with careful justification as to
why these changes are deemed desirable.
HUNTER INTERESTS
! N C O R P O R A T E D
Task 6: Checkpoint Meeting -- At this point in the work process Mr.
Hunter will be present for a meeting in Sanford with the client group to
discuss the findings and recommendations derived from Tasks 1 through 5
above. Any recommended changes in the preferred development program
would be discussed at length, .along with our observations of the strength
of market support both now and in the future, the nature of the
competition, possible new competitive projects that our analysis uncovers,
and the next steps in our technical work process. Should market support.
for the preferred development program or an altered development program
be weak, the City would have the option to terminate this study at this
point.
Task 7: Financial Feasibility Analysis -- Assuming the City agrees to
proceed, HII professionals under the direction of Mr. Hunter will begin a-
detailed financial feasibility analysis of the recommended hotel/conference
facility. Preliminary capital operating cost estimates for recommended
facilities will be prepared, along with necessary site improvement and
infrastructure improvement costs. A pro forma financial analysis will then.
be constructed using revenue estimates based on market analysis findings
and anticipated stabilization periods. Next, a 10-year cash flow analysis
will be constructed using normal or adjusted departmental revenues and
expenses, conservative price and cost escalation factors, and a generally
conservative approach to market penetration and initial operating years.
Net intome streams will be calculated; slipportable levels of debt and
equity will be calculated; and a residual land value analysis will be
conducted. The' financial feasibility analysis will assume project
re~nancing and/or sale in years 7 to 10 as is normal in Lhe business. Any
capital gaps or subsidy requirements necessary to achieve minimum
thresholds of return on investment, return on equity, and internal rate of
return will be identified,
Task 8: Identify Necessary Public Investment Components and
Sources '-- Using the financial feasibility analysis in relation to previously
identified goals and objectives of the City of Sanford, and an analysis of
possible public funding sources such as Tax Increment Financing,
expansion of tourist development taxes and funding, etc., Mr. Hunter will
identify any public investment components that are necessary to establish
a financially feasible project, from the standpoint of developers and their
operators and lenders, and consistent with public goals and objectives. It
is not unusual in projects of this type to recommend public write down of
land costs through reduced land lease payment levels during the early
HUNTER INTERESTS
! N C 0 R P O R A T E D
years 'of project operations, performance-based land lease arrangements,
pubic investment in part or all of the spaces in the conference facility,
public assistance with on- and off-site infrastructure and parking, or
similar items. Our .approach will be to use public investmen{ only as the
last possible financial source after exploring changes in the project concept
and other financing techniques which keep the majority if not all the
project financial risk in the hands of the private investment parties. We
have considerable experience' in. structuring public/private ventures of
many types in extremely fiscally conservative environments as well 'as
environments where aggressive economic development techniques are
present. We are confident that we can advise the City of the pros and cons
of different public financing approaches and capital sources in relation to
project feasibility realities and public objectives.
Task 9: Report '-- All work described herein will be summarized in a
technical report which will be prepared in 15 copies and delivered to the
client along with' a camera-ready original. .The report will include an
executive summary suitable .for separate circulation and wider
dissemination.
Task 10: Presentation -- At the conclusion of project work Mr. Hunter
will be present for a presentation to the City Commission in Sanford,
along with other meetings and presentations which the City may deem
necessary or desirable. We will be prepared to describe immediate next
steps necessary to continue project momentum and move the hotel/
conference facili6y into a development mode.
Nov-24-99
12: 03P Hunte~ I nte~ests Inc.
HUNTER INTERESTS
I N C O R P O R A T E D
November 24, 1999
Via facsimile
410-280-9163 P. 02
EXHIBIT "A" CONTINUED
Mr, Tony VanDerworp
City Manager
City of Sanford
P. O. Box 1788
Sanford, FL 32772-1788
Dear Mr. VanDcrworp:
This is in response to our phone conversation yesterday regarding.your desire that
our proposed work program be conducted within a four- to six-week period.
I have adjusted the December work schedules of Geoff Graham and Anita
K:ramer, and my own work schedule for December, to accommodate your desire.
I hereby propose the following schedule which can be incorporated into our
proposal by reference:
Task 1: Kick-off Meeting -- Conducted during the week of 11/29/99 --
I will be in Sanford December 2"d and 3ra to conduct this meeting, view
the site, and begin our initial research and market analysis fieldwork.
Task 2: Initial Research -- Geoff Graham will be Sanford during the
week of December 6th and will complete Task 2, and conduct much of the
on-site fieldwork for Tasks 3 and 4.
Tasks 3 and 4: Conference Center and Hotel Market Analysis -- I
will be back in Sanford during the week of December 13th to wrap up our
market analysis fieldwork, plug any holes in the data, meet with you and
your colleagues again to give you a verbal progress report, and generally
assist Geoff and Anita in completing the technical market analysis work
on or about December 17tn.
Tasks 5 and 6: Recommend Development Program and Checkpoint
Meeting -- I propose a telephone conference during the early part of the
Christmas week, probably on December 21st or 22nd, in which our project
team would report the results of Tasks 1 through 6 and recommend a
development program for the site. If absolutely necessary, I would travel
to Sanford this week to conduct this checkpoint meeting in person. You
would make a decision during the meeting or shortly afterward as to
whether we should proceed with Tasks 7 through 10, or terminate the
study at this point.
URBAN EC()NOMICS · FINANCIi · REAl, liSTATE DEVEI.OPMENT
121 MAIN STREET · ANNAPOLIS, MARYI,AND 21401 - ~410) 269-(3(}33 - FAX 1410) 280-9163
Nov-24-99
12:04P
Hunter
Interests Inc.
410-280-9163
P. 03
HUNTER INTERESTS
[ N c o R P O R A T E' D
T. VanDerworp
November 24, 1999
Page Two
Tasks 7 and 8: Financial Feasibility and Public Investment
Component -- If you decide to proceed, we would accomplish these tasks
during the week of December 27th, making a verbal report to you on the
completion of all work sometime during that week:
Tasks 9 and 10: Report and Presentation -- We would have our
written report in your hands shortly after the first of the year. I would
travel to Sanford early in the first week of January to make our final
presentation probably on January 4m or 5th.
If we can begin immediately, we will be completing this entire work program in
approximately five calendar weeks, including the Christmas and New Year's
holidays. This is a very ambitioas schedule, but we will commit to it and do
everything within our power to keep to the schedule.
In essence, you will have meetings with us next week, the following week, and
the week after, with a verbal report on all market analysis work before the
Christmas break. A similar verbal report on the completion of all work would be
accomplished before the end of the year, with our written report and final
presentation following immediately after the New Year' s holiday break.
If you have any questions about this, Tony, please call me today or Friday in our
Clearwater office at 727-596-9870. I will be back in our Annapolis office on
Monday, November 29, 1999 and can be reached at 410-269-0033.
Best wishes for a Happy Thanksgiving holiday.
Sincerely,
HUNTER INTERESTS INC.
Donald E. Hunter
President