Thursday August 13th, 2009 - 4:42PM

                                   MEMORANDUM

 Date: August 13, 2009

 To:      Community Maritime Park Associates (CMPA)

 From: Maritime Park Development Partners, LLC (MPDP)

 Re:      Project Status Update

          CMPA Action Items Highlighted

 1. CONTRACT STATUS

    Development Agreement – All required documentation is complete including

    qualification of MPDP as Design-Build firm. The Development Agreement has

    been executed by MPDP and is being presented to CMPA for signature at the

    August 14, 2009 CMPA Board Meeting. City Manager to execute after CMPA

    execution.

2.   FUNDING

    CRA Bond Funding - No action required by CMPA. Projected schedule has

    been modified to allow for a change to non-tax exempt “Build America” bonds.

    •   Projected Bond Closing: Mid to Late September

    Additional Funding Sources

    • Federal Lobbyists (The Normandy Group) - $2,000,000 request for Wetlands

      Mitigation currently included in Congressman Miller’s appropriations request

      was not included in the final version of the bill.

    • Additional funding sources are being reviewed including State FRDP,

      FDEP/EPA Climate Showcase Communities Grant Program, State Boating

      Improvement funding, Sustainable Development Grants, Transportation

      Grants.

3. COVENANT WITH THE COMMUNITY

   Contractor Database – Preliminary design complete and populated. Additional

   functions under development.

   Process for Minority Sub-Contractor Qualifications – Guidelines under

   development. Attorney’s reviewing language.

   Bidding Process – Guidelines under development. Draft complete: Early

   September

   Bonding and Insurance Provisions – Pursuing alternative structures. In

   discussion with bonding agencies.

   Outreach Programs – Under development. Roll out upon Development

   Agreement Execution.

   Formation of Contractors Advisory Council (CAC) – Within 30 days of

   Development Agreement Execution

   Target Group Consultation – Pending Development Agreement execution.

4.  DESIGN, PLAN PRODUCTION AND PERMITTING

   Construction Drawings – Clearing – Completed and ready for submission to City

   building/engineering department for permits pending CMPA approval

   Conceptual Drawings – Pending execution of Development Agreement

   Existing Construction Drawings – Currently under review to maximize utility of

   existing drawings.

   New Construction Drawings - Plans for site clearing and erosion control ready to

   start. Bulkhead redesign subject to Development Agreement execution.

5. CONSTRUCTION

   Construction Start – Proposed for September 18, 2009 pending CMPA approval

6. MARKETING

   Public Relations & Marketing

   •   Ground Breaking Ceremony – Proposed for 5:15 pm September 17, 2009

       pending CMPA approval

   •   Website Design – Preliminary design complete. Additional content currently

       being developed. Draft available for CMPA review: September

   •   Project Branding – Concept stage. Draft for presentation to CMPA:

       September

   •   Public Interest Database – Designed and compiled. Additional outreach

       programs being developed (local business and social organizations, etc.)

•  Defining campaign architecture for social media (myspace, facebook, twitter,

   etc.) Execution pending Development Agreement execution or other funding.

Leasing

•  Preliminary Market Study of similar markets completed.

•  Preliminary Market Study of Gulf Coast completed.

•  Potential retail and office tenants contacted.

•  Economic analysis for rate structures, amenities continuing.