Downtown Las Olas Redevelopment December 6, 2016

Willis Holcombe Center Downtown Center

Downtown Campus City of Fort Lauderdale Parking 481 spaces Annual lease FAU Parking 0.8 Acres Building 33 0.4 Acres 147,000 SqFt Building 31 0.9 Acres 78,100 SqFt Building 32 0.5 Acres 104,900 SqFt

Purpose of ITN 2016-111-ZR Dwight D. Eisenhower was president Chubby Chequer and The twist start a new dance craze, The first aluminum cans were introduced Xerox introduces the first photocopier, Fidel Castro nationalizes American Oil, sugar and other US interests in Cuba,

Purpose of ITN 2016-111-ZR Cost to Maintain PECO

Purpose of ITN 2016-111-ZR

Purpose of ITN 2016-111-ZR

Buildings Land Innovation Intellectual Property Purpose of ITN 2016-111-ZR Buildings Land Innovation Intellectual Property

Technical Proposal Summary Overview Three Qualified Proposers 13th Floor Investments Lincoln Property Company, and The Stiles Corporation

Technical Proposal Summary Overview 43 level tower Residential: 42 Floors at 470 ft tall, 367 residential units Parking: 589 spaces 36 level tower Residential: 287,301 GSF, 286 units, amenity deck with pool, fitness center, and club house Parking: 595 spaces 14 level tower Office: 401,357 GSF, 14 levels Retail: A covered plaza with restaurants and public space Parking: 811 spaces Amenities Deck: 25,000 GSF Retail: 15,000 GSF, destination retail on the ground floor, 15,000 GSF lifestyle and convenience retain on the second level, 8,000 GSF of elevated public pedestrian plaza Hotel: 98,280 GSF, 150 hotel rooms Retail: 17,617 GSF, Two-floor retail approach lends to either an innovative retail or restaurant space Office: 35,481 GSF, Four-level office space with varying levels of floor plan and layout openness Includes a “Broward College Plaza Area”, an open air outdoor multipurpose urban room approximately 5,400 GSF

Executive Summary Process Overview Draft Schedule Milestone Tentative Dates Notes Negotiation meeting #1 September 23 Negotiation meeting #2 October 11 IRP review summary presentation delivered to Negotiation Committee November 9 Staff/Consultant team to provide draft for review in advance of Nov 10 briefing call Negotiation Committee IRP Briefing from Staff/Consultant Team November 10 Negotiation Committee Briefing Proposer ITN Interview Presentations Nov 14-15 Two-hour presentation given by Proposers Negotiation Committee Meetings Nov 16-18 Negotiation Committee and Staff/Consultant Team finalize rankings and board member briefing materials Individual Board Member Briefing Meetings Nov 28-Dec 2 Brief board members for Dec 6 Board Meeting Submission of Board Meeting Material Nov 29 Submission deadline for Dec 6 Board Meeting Board Meeting Dec 6  

Likelihood of Successful Completion Experience Criteria Revenue to the College Risk of Revenue Design Criteria Market Demand Likelihood of Successful Completion Experience

Continue negotiations with the Stiles Corporation. Process Going Forward Continue negotiations with the Stiles Corporation. If the talks between the negotiation team and the Stiles Corporation do not lead to a mutually agreeable commitment, the negotiation team will notify the board and seek to begin negotiations with another proposer.