HomeMy WebLinkAboutPinkowski and Co LST325 feasibility study KONENClarikeligiglii
PI.NKOWSKI.
& C O M P A N Y
July 18, 2012
fr. PROPOSAL ACCEPTANCE
Mr. Mike Moore
Mayor of Jeffersonville, Indiana
500 Quartermaster Court, Suite 250
Jeffersonville, IN 47130
PROJECT: Feasibility study for the relocation of LST 325 to the Jeffersonville,
Indiana area
FEE: $24,999.99 plus expenses
RETAINER: $8,333.33
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PROGRESS BILLIN • $8,333.33 plus expenses to date
FINAL BILLI G: $8,333.33 plus any remaining expenses
ACCEPTANC (As agent for City . f Jeffersonville, Indiana)
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PRINT NAME
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TITLE
DATE
PINKOWSKI & COMPANY 1 Hospitality Consulting 1 6829 Eastridge Cove, Suite 201 1 Memphis, TN 38120
T 901.684.1080 IF 901.754 -8120 1 www.pinkowskicompany.com
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PINKOWSKI
& C O M P A N Y
July 18, 2012
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Mr. R. Thomas Lowe
Corporation Counsel
City of Jeffersonville, Indiana
500 Quartermaster Court, Suite 250
Jeffersonville, IN 47130
Dear Mr. Lowe:
Jerry Wayne referred us to you regarding the possibility of Pinkowski & Company
evaluating the opportunity of moving the WWII LST 325 attraction from
Evansville, Indiana to a location on the north bank of the Ohio River at or near
Jeffersonville, Indiana.
We believe we are well qualified to conduct this evaluation based on our
experience as consultants in the travel and tourism industry. Our experience with
the development and operation of a variety of tourist - related attractions and our
knowledge of the hospitality and travel industry provides an excellent foundation
for this assignment. We also have extensive experience in evaluating the
Jeffersonville, Clarksville, New Albany, and greater Louisville hotel and
convention markets.
As requested, we have prepared this proposal for consultin g services Pinkowski &
Company will provide to you relating to the relocation of LST 325. This letter 1
describes the research, analysis, and projections we will prepare for the purpose of
evaluating the viability of a proposed hotel.
SCOPE OF THE ASSIGNMENT
Our approach to this assignment of evaluating the potential of relocating LST 325
to the Jeffersonville market is contained in the following elements
❑ Evansville - We will meet with the stakeholders involved with the LST
project in Evansville as well as the Convention and Visitors Bureau to
determine how the project is structured currently, how it is marketed, and
the intended target audience. We also will review past attendance records,
visitor profiles, and the actual operation of the attraction to determine if
there is a better operating platform for the attraction.
PINKOWSKI & COMPANY 1 Hospitality Consulting 16829 Eastridge Cove, Suite 2011 Memphis, TN 38120
T 901.684.1080 F 901.754-81201 www.pinkowskicompany.com
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Mr. R. Thomas Lowe
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July 18, 2012
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❑ Comparable Attractions - An online analysis and appropriate interviews of
1 other similar attractions and the cities they are located will be performed to
determine the tourism and community benefits these attractions p rovide.
This analysis also would look at other tourist related attractions in those
markets and what synergistic effect they may have with the attractions.
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❑ LST 325 - A determination will be made of what other tourism elements
create a synergy with the LST. We will make recommendations on what
shore side facilities are needed to support the attraction and develop a
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pricing strategy and an operating budget for the attraction.
❑ Location Recommendations - Recommendations will be made for where the
attraction should be located taking into consideration river conditions,
parking, and sufficient area to develop support facilities for the attraction,
1 plus a gift shop and restroom facilities. The location recommendations will
take into consideration their relationship to existing tourism activities on the
riverfront, including RiverStage, the pedestrian bridge, restaurants and
residential developments.
❑ Funding Opportunities - We will prepare an analysis of potential funding
sources for the project.
REPORT, FEE AND TIME SCHEDULE
Our complete report will be prepared for the proposed relocation of LST 325 from
Evansville, Indiana to the Jeffersonville area and presented at the conclusion of our
research. The report will contain our findings, conclusions and recommendations
for the project. I
I We will prepare three copies of the report for your use in evaluating the proposed I
opportunity for review by the LST Committee and other major stakeholders. Our
report will be subject to the following limitations:
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1. We have no obligation to update our findings regarding changes in the i.
market conditions or project concept which occur subsequent to the
completion of our field work. ,.
2. Our report and the materials submitted may not be used in any prospectus
or printed material used in connection with the sale of securities or
participation interests to the public or in any newspaper publicity or other m I public forum without our prior written consent.
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; Mr. R. Thomas Lowe
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July 18, 2012
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4 3. The scope of our study and report will not include the possible impact of
zoning or other environmental regulations, licensing requirements, or other
such matters unless they have been brought to our attention and are
disclosed in the report.`
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4. Any drafts or preliminary information communicated to you during the
course of the assignment are for your internal management use only and
may not be disclosed to any outside third parties without our prior written
consent.
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Our fee for this assignment will be $24,999.99 plus out of pocket expenses. As is I
customary in assignments of this nature we require a retainer of $8,333.33 prior to
scheduling this assignment. A progress billing of $8,333.33 plus expenses incurred
to date will be due and payable at the conclusion of our fieldwork. The balance of
our fee ($8,333.33) and any remaining expenses will be payable upon delivery of
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the draft report.
Any past due accounts will accrue interest at 1.5 percent monthly, and any L`
disputes regarding payment of our fees or work product will be resolved in Shelby
County, Tennessee. In the event of non - payment of any of these fees and expenses,
you will be responsible for all attorneys' fees and /or associated collections
expenses required to remedy the default. is
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We schedule our work based on client acceptance of our ro osals. At any given
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point in time we may have several proposals outstanding to prospective clients.
We would expect to commence this assignment within two weeks of receiving your
signed acceptance of our proposal and the retainer check. We should be
position to deliver our draft report within six weeks of completing our field
research, barring any unforeseen circumstances. Our final report should be ready
within one week following your approval of our draft report.
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Mr. R. Thomas Lowe
July 18, 2012
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ACCEPTANCE
If you are in agreement with the terms of this proposal letter, please ask Mayor
Mike Moore to sign the enclosed Proposal Acceptance and return it to us, as our
formal authorization to begin each assignment. If, on the other hand, you have any
questions, please call me immediately. I appreciate the opportunity to be of
assistance to you in your planning and development efforts.
Very truly yours,
C. G. Pinkowski, ISHC
PINKOWSKI & COMPANY
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