Item No. ____6b_________
Date of Meeting ___August 23, 2011____

Request for Authorization to
Execute Management Agreement
August 23, 2011

Conference and Event Facilities
World Trade Center

International
Conference Center

Cruise Terminal

Smith Cove Cruise Terminal

Selection Process
 Nationwide Request for Qualifications/Request

for Proposal
 Conference Center Consulting Group support
 Recommend Comprehensive Management
Agreement structure

Proposed Business Terms
 Term: Ten Years with One Ten-Year Renewal Option
 Management Fee between 4% to 7% of gross revenue

 Option to Add Temporary Space
 Option to Reduce Space
 Port Investment for Improvements

 Rebates and Discounts
 Related-Party Transactions
 Manager Termination

Schedule
 Advertise Request for Qualifications - August 24, 2011

 Invite Shortlist to Submit Proposals - October 13, 2011
 Shortlist Interviews- week of December 14, 2011
 Decision - week of December 20, 2011

 Execute agreement - no later than January 30, 2012