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2002-040RESOLUTION NO. 2002-40 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, AUTHORIZING THE CITY MANAGER TO EXECUTE THE ATTACHED MANAGEMENT AGREEMENT FOR THE AVENTURA CHARTER ELEMENTARY SCHOOL BETWEEN THE CITY OF AVENTURA AND CHARTER SCHOOLS USA, INC.; AUTHORIZING THE CITY MANAGER TO DO ALL THINGS NECESSARY TO CARRY OUT THE AIMS OF THIS RESOLUTION; AND PROVIDING AN EFFECTIVE DATE. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, THAT: Section 1. The City Manager is hereby authorized to execute the attached Management Agreement for the Aventura Charter Elementary School between the City of Aventura and Charter Schools USA, Inc. Section 2. The City Manager is authorized to do all things necessary to carry out the aims of this resolution. Section 3. This Resolution shall become effective immediately upon its adoption. The foregoing Resolution was offered by Commissioner Rogers-Libert, who moved its adoption. The motion was seconded by Commissioner Cohen, and upon being put to a vote, the vote was as follows: Commissioner Jay R. Beskin Commissioner Ken Cohen Commissioner Manny Grossman Commissioner Harry Holzberg Commissioner Patricia Rogers-Libert Vice Mayor Arthur Berger Mayor Jeffrey M. Perlow yes yes yes yes yes yes yes Resolution No. 2002- ~,.__o Page 2 PASSED AND ADOPTED this 2nd day of July, 2002. CITY ATTORNEY MANAGEMENT AGREEMENT among CHARTER SCHOOLS USA, INC., and CHARTER SCHOOLS USA AT AVENTURA, L.C., and CITY OF AVENTURA for the AVENTURA CHARTER ELEMENTARY SCHOOL TABLE OF CONTENTS 1. Recitals 2. Definitions 3. Term 4. Charter School 5. Services to be provided by CSUSA 6. Responsibilities of the City 7. Cooperation 8. Additional Mutual Obligations 9. Charter Schools Funding Resources 10. Management and Incentive Fees 11. Insurance 12. Indemnification 13. Default 14. Termination of this Agreement 15. Transfer of Functions Upon Termination 16. Entire Agreement 17. Assignments 18. Further Assurances 19. Relationship of Parties 20. Interpretations 21. Time of the Essence 22. Binding Effect 23. Notices 24. Headings 25. Severability 26. Waivers 27. Outside Business 28. Third Parties 29. Jurisdiction and Venue 30. Enforcement Costs 31. Remedies Cumulative 32. Contracts and Subcontracts 33. Counterparts 34, Governing Law 35. Proprietary Information 36. Sale or Transfer of interest in CSUSA 37. Additional Audits 38. Police/Regulatory Powers 3 3 4 4 4 2O 23 23 23 23 26 26 27 28 30 31 31 31 31 31 32 32 32 33 33 33 34 34 34 34 35 35 35 35 36 37 37 MANAGEMENT AGREEMENT FOR THE AVENTURA ELEMENTARY CHARTER SCHOOL THI~ MANAG~IlitENT AGREEMENT (the "Agreement") is made and entered into as of the_.~_~ay of ~ .2002, by and among CHARTER SCHOOLS USA, INC., a Delaware corporatic~l CHARTER SCHOOLS USA AT AVENTURA, L.C., a Florida limited liability company (co'tt~cti~/ely "CSUSA'); and CITY OF AVENTURA ("CITY"), a Florida municipal corporation. WITNESSETH: WHEREAS, the CITY issued RFP ~31-06-01-2 to design, build, operate and maintain a Charter Elementary School for the City of Aventura at the site currently known as the Tempest Parcel, at 3333 N. E. 188th Street, Aventura, Florida hereinafter referred to as the "Site"; and WHEREAS, after extensive review of the submittal by City staff., staff recommended that CSUSA in association with Charter Schoolhouse Developers, Inc., be selected to design, build, operate and maintain a Charter Elementary School for the City of Aventura; hereinafter referred to as "Charter School"; and WHEREAS, CSUSA has associated with Charter Schoolhouse Developers, Inc. (hereinafter referred to as "DEVELOPER"), for the design, construction and development of the Charter School Site and Facility, hereinafter referred to as "Facility"; and WHEREAS, at the July 3, 2001, City Commission meeting, the Commission approved a Resolution selecting the firm of CSUSA in association with the DEVELOPER, to design, build, operate and maintain a Charter Elementary School for the CITY and authorized the City Manager to negotiate the terms and fees and finalize agreements necessary to implement said Resolution; and WHEREAS, the CITY has entered into the DEVELOPMENT AGREEMENT FOR THE DESIGN AND CONSTRUCTION OF THE AVENTURA ELEMENTARY CHARTER SCHOOL FACILITY between CHARTER SCHOOLHOUSE DEVELOPERS, INC. and THE CITY OF AVENTURA For AVENTURA CHARTER, ELEMENTARY SCHOOL (hereinafter referred to as "Development Agreement"), and the PLANNING AGREEMENT among CHARTER SCHOOLS USA, INC., and CHARTER SCHOOLS USA AT AVENTURA, L.C., and CITY OF AVENTURA for the AVENTURA CHARTER ELEMENTARY SCHOOL (hereinafter referred to as "Planning Agreement") to assist in the acquisition of the Charter and to plan, design and develop the Charter School; and WHEREAS, it is in the best interests of the CITY to enter into a Management 2 Agreement (hereinafter referred to as "Agreement") with CSUSA, to develop, organize, manage, staff, operate and maintain the Charter School upon the termination of the Planning Agreement; now, therefore, IN CONSIDERATION of the mutual covenants and undertakings and other good and valuable consideration the receipt and sufficiency of which is hereby acknowledged, the parties do mutually covenant and agree as follows: 1. Recitals. The recitals set forth above are true and correct and are incorporated herein by reference. All exhibits to this Agreement are hereby deemed to be a part hereof. 2. Definitions. Wherever used in this Agreement, the following terms have the meanings indicated which are applicable to both the singular and plural thereof: 2.'1 A.qreement - The written agreement between CITY and CSUSA covering the Services to be performed, including the Management Agreement Documents, as hereinafter defined, and that are attached to this Agreement or made a part thereof. 2.2 CITY - The City of Aventura with whom CSUSA has entered into the Agreement and for whom the Services are to be provided. 2.3 City Mana.qer - The City Manager or his designee (hereinafter referred to as" City Manager'') of the City of Aventura, who has the authority on behalf of the CITY to grant or deny approvals and perform the CITY's responsibilities required by this Agreement. 2.4 Manaqement A,qreement Documents - The Management Agreement Documents consist of the Certificate(s) of Insurance, all applicable provisions of State, Federal, Chartering Entity or local laws, ordinances, regulations, rules or policies (incorporated herein by reference), including the State Uniform Building Code for Public Educational Facilities Construction and the State Requirements for Educational Facilities (hereinafter referred to as "SREF"), as incorporated into the Florida Building Code, including Chapter 423; the RFP Response (as hereinafter defined), the Charter School Application for the Charter School as approved by The School Board of Miami-Dade County, Florida (hereinafter referred to as "Chartering Entity") on December 12, 2001 (hereinafter referred to as "Charter Application"), the Charter School Contract (hereinafter referred to as "Charter") approved by the Chartering Entity on April 17, 2002 and any additional documents which are required to be submitted under this Agreement, and all amendments, modifications and supplements issued or to take effect on or after the Effective Date of the Agreement. 3 2.5 cSUSA - Where CSUSA is indicated as the responsible party to perform an obligation pursuant to this Agreement, the parties acknowledge and agree that Charter Schools USA, Inc. and Charter Schools USA at Aventura, L.C. shall have joint and several liability and responsibility to perform such obligation. 2.6 Effective Date of the Aqreement - The effective date of this Agreement shall be July 1,2003, provided however, that this Agreement shall not become effective: 2.6.1 Until the execution of the Charter with the Chartering Entity, or 2.6.2 If the Planning Agreement is terminated pursuant to Planning Agreement Sections 15.1, 15.2.3, 15.2.5, or 15.2.6. 2.7 Services - Those activities that must be performed to organize, manage, staff, operate and maintain the Charter School as set forth in this Agreement. 2.8 RFP Response - The June 1, 2001 submittal by Charter Schools USA, Inc. in association with DEVELOPER in response to RFP #01-06-01-2 to design, build, operate and maintain a Charter Elementary School for the City of Aventura, which is hereinafter incorporated by reference, and as further represented or clarified by Charter Schools USA, Inc. to the CITY during the selection process. 2.9 Written Amendment - A written amendment of the Agreement and/or the Management Agreement Documents, signed by CITY and CSUSA to take effect on or after the Effective Date of the Agreement. 3. Term. The CITY agrees to contract with CSUSA, and CSUSA agrees to be contracted with, for the purpose of providing the Services, including the organization, management, staffing, operation and maintenance of the Charter School in accordance with the terms of this Agreement. The term of this Agreement shall commence as of the Effective Date of this Agreement and shall terminate on June 30, 2008, unless terminated earlier pursuant to the provisions of this Agreement, subject to any further obligations (including payment obligations) of the parties that survive termination. 4. Charter School. The Charter School shall be an elementary school commencing in the 2003-2004 school year. CSUSA shall operate the Charter School in accordance with the Charter, and all applicable federal, state, local and Chartering Entity laws, ordinances, rules and regulations. 6. Services To Be Provided By CSUSA. CSUSA's fees hereunder shall compensate it for the performance of the Services for the organization, management, 4 staffing, operation, administration, maintenance and reporting of the Charter School. Any funds required or expenditures to be made by CSUSA in the performance of these responsibilities shall be substantially in conformance with the Management Agreement Documents and the approved Charter School Annual Budget (as hereinafter defined). It is the specific intent of the parties that the costs associated with CSUSA's management responsibilities (and fees), shall not be shifted from CSUSA into the Charter School's operating budget. Responsibilities of CSUSA shall include, but are not limited to, the following areas: 5.1 Education Mana.qement. 5.1.1 Curriculum, Accountability and Testinq and Sustainable Performance. CSUSA shall: 5.1.1.1 Plan, implement, and oversee a curriculum for the Charter School that incorporates the performance-based Florida Sunshine State Standards and complies with the Management Agreement Documents. 5.1.1.2 Provide for appropriate programs for Exceptional Student Education (ESE) students and Limited English Proficient (LEP) students, implemented in accordance with federal and state laws, local policies and procedures, and the Management Agreement Documents. 5.1.1.3 Administer all standard tests to the students that are required by law, Chartering Entity policy and the Management Agreement Documents. CSUSA shall ensure that students at the Charter School participate in all assessment programs in which the Chartering Entity's students in comparable grades/schools participate. 5.1.1.4 Administer all required tests in a timely fashion consistent with the State's and Chartering Entity's testing schedule and in conformance with the State's and Chartering Entity's policies and procedures related to test security and test administration. CSUSA shall ensure that the Charter School's testing administrator attends all test administration training sessions provided by the Chartering Entity and shall follow all Florida Department of Education Testing Guidelines specified in the Test Administration Manuals, as well as, the District Standards for Test Administration and Security. 5.1.1.5 Evaluate the Charter School's success in achieving the objectives stated in the Management Agreement Documents and the School Improvement Plan on at least an annual basis. 5 5.1.1.6 Be responsible for the Charter School's compliance with the requirements delineated in Florida State Board of Education Administrative Rule 6A- 1.09981, Implementation of Florida's System of School Improvement and Accountability, as may be amended from time to time. 5.1.1.7 Ensure that the Charter School's program is consistent with the state education goals established by Florida Statute 229.591 (3). 5.1.1.8 Make every reasonable effort to ensure that student performance increases from year to year, assess the possible reasons for such performance and take all reasonable steps to enable the students to continually progress and improve their academic performance. CSUSA shall be required to meet or exceed all performance criteria as set forth in the Management Agreement Documents and perform to the satisfaction of the CITY, as herein after defined in Section 5.7. 5.1.2 Parent Activities. 5.1.2.1 Through the Charter School, CSUSA shall coordinate and oversee all organized parental involvement. In addition, CSUSA shall establish and work with the approved School Advisory Board and any parent-teacher organization to be established for the purposes of furthering the goals of the Charter School. CSUSA shall provide assistance in the establishment and coordination of parent, teacher and student organizations. 5.1.2.2. A Parent Survey substantially similar to that attached as Exhibit '%" shall be conducted in the spring of each year. 5.1.3 Extracurricular Proqram/Activities. On an annual basis and after consultation and review with the CITY, CSUSA shall determine the extracurricular programs/activities that will be offered at the Charter School for the subsequent school year, and shall include any anticipated revenues and costs associated with such extracurricular program/activities in the Charter School Annual Budget. Said extracurricular programs/activities shall include, but are not limited to, before and after school programs/activities at the Charter School, unless otherwise determined by the CITY. The fees charged for such extracurricular programs/activities shall be approved by the City Manager and be customary and consistent with local practice and applicable law. Funds collected for such extracurricular programs/activities shall be segregated in a separate Charter School account until CSUSA provides the CITY with all necessary and appropriate documentation supporting the funds collected and costs incurred. Funds collected that are in excess of the costs incurred for such extracurricular programs/activities shall be shared equally between CSUSA and the Charter School. 6 521.4 Summer School, After consultation and review with the CITY and in the event that the Chartering Entity agrees to implement and fund a summer school program at the Charter School, CSUSA shall coordinate, manage, staff and operate the summer school program. CSUSA shall prepare and submit to the CITY a Charter School Summer Budget, that shall be reviewed and modified, as necessary, by the City Manager and be approved by the Aventura City Commission in accordance with Section 5.3.1. Funds received for the summer school program shall not be included for the purposes of calculating or determining the base Management Fee or Incentive Fees delineated in Section 10. CSUSA shall be entitled to a separate Summer School Management Fee for the performance of its summer school responsibilities in an amount equal to 8.5% of summer school revenues. The Summer School Management Fee shall be subordinate to the operating expenses incurred by the Charter School for the summer school program. CSUSA shall implement, manage, staff and operate any summer school program in accordance with the Management Agreement Documents. 5.2 Development and Operations Manaqemem~ 5.2.1 Public Relations. CSUSA shall coordinate, cooperate and work with the City Manager's Office as to all official public relations for the Charter School including, without limitation, community outreach, press releases and media relations. All media relations initiated by CSUSA, including press releases, shall require the pdor written approval of the City Manager. Press releases shall contain the name of the CITY and its seal as designated by the City Manager. Where media contact to CSUSA is not initiated by CSUSA, CSUSA shall notify the City Manager. 5.2.2 Contracted Services and Contract Administration. 5.2.2.1 Contract Administration. CSUSA shall coordinate, negotiate and administer those contracts for necessary uses or services to be performed or provided by third parties or the CITY and which must be entered into by the Charter School during the term of this Agreement to ensure the efficient operation of the Charter School. Said contracts shall comply with the provisions of Section 32 of this Agreement and said contracts and services shall comply with all applicable federal, State, local and Chartering Entity laws, ordinances, rules and regulations. 5.2.2.2 Cafeteria Mana.qement and Food Service, In accordance with the Management Agreement Documents, CSUSA shall be responsible for contracting, in compliance with the provisions of Section 32 of this Agreement, with public or private entities or individuals for the provision of food service and shall provide management services for the Charter School's cafeteria which enables the Charter School to comply with all applicable federal, state, local and Chartering Entity, laws, ordinances, rules, and regulations and the Charter regarding the provision of food service to all students attending the Charter School. The costs associated with such service shall be 7 included in the approved Charter School Annual Budget and paid for from the Charter School Fund. The City shall serve as the food service Sponsor as defined by the Florida Department of Education (DOE) for the purpose of filing an application with the DOE to participate in the National School Lunch Program (NSLP). Once approved, the Sponsor shall ensure that all federal guidelines and procedures are followed with regard to the administration of NSLP as outlined by the United States Department of Agriculture and DOE. The Sponsor shall appoint a designee to be responsible for maintaining student applications and processing monthly reimbursements through the DOE. CSUSA shall assist in the preparation of the NSLP application and distribution of student applications. CSUSA shall assist the Sponsor in the collection of data to be provided in accordance with NSLP policy and procedure. 5.2.2.3 Transportation. CSUSA shall be responsible for contracting, in compliance with the provisions of Section 32 of this Agreement, with public or private entities or individuals for the provision of transportation, in accordance with the Management Agreement Documents. The costs associated with such services shall be included in the approved Charter School Annual Budget and paid for from the Charter School Fund. 5.2.3 Student Recruitment, Re.qistration and Enrollment. 5.2.3.1 CSUSA shall conduct marketing, public relations and recruitment efforts throughout the CITY in order to attract a sufficient pool of applicants to achieve and maintain the targeted student population of the Charter School. Such efforts will include informational meetings to inform interested parents of the mission of the Charter School, the registration process and required contractual obligations. 5.2.3.2 CSUSA shall ensure that the Charter School's enrollment and registration processes are in compliance with Florida Statutes and the Management Agreement Documents. As permitted by Florida Statute, CSUSA will give preference to children of CITY residents. 5.2.4 Staff Recruitment. CSUSA shall conduct marketing, public relations and recruitment efforts to target well-qualified and enthusiastic administrative personnel, teachers and staff in order to attract and employ sufficient Charter School personnel to maintain staffing and experience levels, class sizes and student/classroom teacher ratios in accordance with the Management Agreement Documents. 5.2.5 State, Local and School Board Compliance. 5.2.5.1 Coordination with the Chartering Entity. CSUSA shall be responsible for coordinating any and all activities of the Charter School 8 with the requirements of the Chartering Entity and for complying with all reasonable requests of the Chartering Entity regarding the Charter School. 5.2.5.2 Compliance with Applicable Law. CSUSA acknowledges that the CITY is entering into this Agreement based, in part, on CSUSA's expertise in the business of developing, organizing, managing, staffing, operating and maintaining charter schools in the State of Florida and with the Chartering Entity. CSUSA shall be responsible for ensuring that the Charter School complies with all applicable federal, state, local and Chartering Entity laws, ordinances, rules and regulations. The CITY agrees to negotiate in good faith with CSUSA and pay such additional sums as are necessary to enable the Charter School to comply with all applicable federal, state, local and Chartering Entity laws, ordinances, rules and regulations which are enacted subsequent to the Effective Date of this Agreement, unless however, the CITY elects to terminate this Agreement pursuant to Section 14. 5.2.6 Annual Report and School Improvement Plan. 5.2.6.1 CSUSA shall prepare and submit an annual report to the CITY by August 5th of each year. The annual report shall include the following sections: (a) Section 1 shall be those components of the Annual Report required by Florida Law and the Charter and shall include, but shall not be limited to, pertinent financial reports; performance reports, including the Charter School's progress toward achieving the goals outlined in the Charter; information required in the annual school report pursuant to Section 229.592(1 ), F.S.; financial records of the Charter School, including revenues and expenditures; salary and benefit levels of the Charter School's employees; recap of previous school year and plans and projections for the upcoming school year and shall be in accordance with the Charter, and (b) Section 2 shall include, but shall not be limited to, the additional reports and information required by this Management Agreement, as may be amended from time to time, including, but not limited to the documentation, information and reports (including measurement methodology and assumptions), necessary to determine the Charter School's compliance with the minimum performance criteria pursuant to Section 5.7 and CSUSA's eligibility for Incentive Fees pursuant to Section 10.2. Upon approval of the Annual Report by the Aventura City Commission, CSUSA shall ensure that Section 1 is submitted to the Chartering Entity in a timely manner consistent with the Charter. 5.2.6.2 Each year, at least three weeks prior to the due date established by the Chartering Entity (currently the 3r~ Monday in September), CSUSA shall 9 provide the City Manager with a School Improvement Plan, in accordance with the Management Agreement Documents, that will contain the measurable objectives that will be pursued by the Charter School during that school year. The measurable objectives specified in the School Improvement Plan shall be substantially as indicated in the Management Agreement Documents unless otherwise authorized by the CITY. CSUSA shall ensure that the School Improvement Plan is submitted to the Chartering Entity in a timely manner consistent with the Charter. 5.2.7 Records Retention; Public Records. 5.2.7.1 CSUSA shall provide, protect, preserve, transfer and maintain both active and archival records for current/former students in accordance with Florida Statutes and the provisions of the Charter. 5.2.7.2 CSUSA shall provide, protect, preserve, and maintain all books, records and related documents of or affecting the Charter School that are not proprietary to CSUSA (the "Public Records"), pursuant to the provisions of the Charter and Chapter 119, F.S. as amended from time to time. 5.2.7.3 In the event of termination of this Agreement, CSUSA shall, pursuant to Section 15, deliver any and all Public Records in its possession to the CITY within thirty (30) calendar days of such termination. 5.2.8 Insurance. CSUSA shall ensure that the Charter School complies with all insurance requirements set forth in this Agreement, the Management Agreement Documents and those required by the Chartering Entity. The costs associated with such insurance shall be included in the approved Charter School Annual Budget and paid for from the Charter School Fund; provided, however, that CSUSA's corporate insurance requirements as outlined in Section 11 of this Agreement herein, shall be separate and distinct from the insurance requirements of the Charter School. The liability policy to be obtained by CSUSA will provide liability coverage for all Services and programs at the Facility provided, offered or held by CSUSA. All insurance to be obtained by CSUSA will be with financially responsible insurance companies licensed to do business in the State of Florida with a rating of AAA; will name as insureds CSUSA and CITY, as their respective interests may appear; and will require written notice of any cancellation or change to be sent to CSUSA and CITY at least thirty (30) days prior to cancellation termination or material change. Within five (5) days of the Effective Date, CSUSA will deliver to the CITY copies of all insurance certificates and policies required under this Agreement, along with receipts evidencing payment the premiums for such insurance. CSUSA shall also provide the CITY with the foregoing information relative to the renewal of any required insurance policy prior to the expiration of any such policy. Each insurance policy required to be obtained by CSUSA under this Agreement must also 10 provide that the insurer waives all rights of subrogation which the insurer might have against CITY. CSUSA acknowledges and agrees that the insurance required by this Agreement and any proceeds paid in connection with any claim thereunder shall in no way limit CSUSA's responsibilities and liabilities as set forth in this Agreement. 5.3 Financial Management. 5.3.1 Annual Bud.clet. CSUSA shall prepare and submit to the CITY a detailed annual budget (on a modified cash basis) (the "Charter School Annual Budget") by May 1, of each year. The budgets shall be substantially in accordance with the Management Agreement Documents and shall include, as appropriate, the total number of student stations for the coming academic year, all capital purchase requests, debt repayments and/or cash loans required, operating revenues and operating expenditures for the respective school year. The proposed Charter School Annual Budget shall specifically include an amount to be reimbursed to the CITY for the cost of the Site that is no less than the amounts identified in the Management Agreement Documents. Further, the proposed Charter School Annual Budget shall maintain the amount of Total Salaries and/or Total Salaries as a percent of Total Revenues substantially in accordance with the Management Agreement Documents. The Charter School Annual Budget shall be reviewed and modified, as necessary, by the City Manager. The parties shall work cooperatively together on any and all budgetary matters and issues prior to the submission of the proposed budget to the Aventura City Commission. The parties agree that it is the intent of this provision that they jointly prepare and submit a balanced budget and that any and all budgetary issues and matters be resolved between CSUSA and the City Manager prior to the Aventura City Commission's review and consideration of same. The final agreed proposed Charter School Annual Budget shall be submitted to the Aventura City Commission for approval no later than May 15 of each year. CSUSA is responsible for and shall maintain a balanced financial budget at all times during the term of this Agreement. CSUSA shall ensure that the Charter School Annual Budget is submitted to the Chartering Entity in a timely manner consistent with the Charter. CSUSA shall operate within its approved Charter School Annual Budget, as approved by the Aventura City Commission. Budget amendments shall be processed in accordance with current CITY procedures in conjunction with the City Manager. The City Manager shall have final approval to forward any budget amendments to the City Commission. 5.3.2 Fund Raising Activities. CSUSA shall be responsible for fund raising activities on behalf of the Charter School, during the term of this Agreement, and CSUSA and the CITY shall coordinate and cooperate with such fund raising efforts. 11 5.3.3 Grants During the term of this Agreement, CSUSA shall actively and aggressively pursue grants and other funding sources and resources subject to the prior written approval of the City Manager for the application of same. For purposes of this section "grants and other funding sources and resources" shall be defined as funds, services or supplies procured by CSUSA other than FTE, PECO, or other County, State or Federal funds that are normally associated with the operation and development of a charter school. Notwithstanding the above, CSUSA shall be responsible for preparing not less than two (2) grant applications per calendar year during the term of this Agreement. The CITY and/or CSUSA, with mutual agreement, may apply for and receive grant money in the name of the other party. 5.3.4 Accountin,q, Bud.qefinq & Financial Reportina. CSUSA shall perform all accounting, financial management, and reporting functions for the Charter School as required under the Charter and in accordance with Generally Accepted Accounting Principles including, without limitation, approving and paying all approved costs of the Charter School, making deposits related to the Charter School, recording amounts due to the Charter School and recording accounts payable. CSUSA shall be responsible for ensuring that the Charter School's accounting records and procedures clearly establish for each asset whether it was purchased with public funds (other than CITY funds) or non-public funds, so that only the appropriate assets will revert to the ownership of the Chartering Entity in the event the Charter is not renewed or is terminated. CSUSA shall not commingle its corporate funds with the funds of the Charter School. CSUSA shall prepare and submit to the CITY monthly financial statements for the Charter School within twenty (20) days after the end of the preceding month. These monthly financial statements shall include a balance sheet and a statement of revenues and expenditures and changes in fund balance reflecting the Charter School's monthly and year-to-date activity for both budget and actual activity. CSUSA shall ensure that quarterly financial statements are submitted to the Chartering Entity in a timely manner and in accordance with the Charter. CSUSA shall additionally ensure the preparation of an annual financial report as of June 30th of each year. These reports shall include a complete set of annual financial statements and notes thereto, prepared in accordance with Generally Accepted Accounting principles and as required by the Charter. CSUSA shall ensure that the required annual financial statements are prepared in a timely manner and shall provide the Unaudited Statements to the City Manager no later than August 5th of each year and the Audited Statements no later than September 1 '~ of each year. Additionally, a cumulative listing of tangible personal property, fixtures and improvements of a non-consumable nature purchased with public funds as defined in the Charter, shall be submitted yearly with the annual audited financial statements. Upon authorization of the City Manager for the Unaudited Statements and authorization of the Aventura City Commission for the Audited Statements, CSUSA shall ensure that the Unaudited and Audited Statements are submitted to the Chartering Entity in a timely manner consistent with the Charter. 12 5.3.5 Audits. CSUSA shall accommodate all required audits of the Charter School and shall ensure the availability of office space, telephone and copying equipment, and access to all school records and source documents. The cost of audits required by State Law and the Charter shall be included in the approved Charter School Annual Budget and paid from the Charter School Fund. CSUSA shall ensure that required audits are performed in accordance with the Charter and provided to the City Manager in a timely manner no later than September 1'~ of each year. At the CITY's option, the required audits may be performed by the CITY's auditors, provided that such audits are performed in accordance with the Charter and provided to the City Manager in a timely manner no later than September 1't of each year. Upon authorization of the Aventura City Commission, CSUSA shall ensure that the annual audit is submitted to the Chartering Entity in a timely manner consistent with the Charter. 5.3.6 Monthly Progress Reports CSUSA shall submit monthly written reports, in a form substantially as indicated in Exhibit "B", detailing the progress and achievements of the Charter School for the prior month to the City Manager. These progress reports shall be transmitted with the monthly financial statements. 5.4 Facilities Manaqement. 5.4.1 The parties acknowledge that the CITY is currently constructing a Community Recreation Center (the "Center"), on property adjacent to the Site. This Center will include a gymnasium that will be available for use by the Charter School. It is the intent of the parties to enter into a separate Shared Use Agreement that will specify the respective rights and responsibilities of the parties for the Charter School's use of the Center and the CITY's use of the Facility. 5.5 Human Resource Management. 5.5.1 Payroll Administration. CSUSA shall prepare, maintain, administer, and report all payroll of CSUSA's employees hired to work at the Charter School, including, without limitation, processing and issuing all checks, maintaining all reports and payroll records and filing all necessary forms and returns, including worker's compensation compliance, unemployment insurance compliance, withholding and social security taxes and all tax and other forms relating to employment as may be required by any federal, state or municipal authority during the term of this Agreement. All payroll and other financial or operational records for the Charter School shall be segregated and separated from all other CSUSA payroll records and shall be reported in a manner allowing the payroll costs to be traced directly to the financial expenditures of the Charter School. CSUSA shall deposit such payroll taxes as may be required by the Internal 13 Revenue Service for the payment of payroll taxes for the employees referenced herein. All penalties incurred by reason of late filing, failure to file or failure to pay shall be borne by CSUSA and shall be the sole obligation and responsibility of CSUSA. 5.5.2 Personnel Administration, Employee Benefits, and Personnel Policies and Procedures. CSUSA shall recruit and employ sufficient qualified personnel to operate the Charter School (as is necessary and appropriate during the Term of this Agreement), including without limitation, administrators, teachers, clerical, cafeteria, and other staff to enable CSUSA to operate the Charter School in conformance with the Management Agreement Documents. CSUSA shall also recruit qualified personnel for the Charter School Principal, who shall be selected by mutual agreement between CSUSA and the City Manager and shall be an employee of the CITY. The CITY agrees, with the cooperation and involvement of CSUSA, to establish a job description, salaries and benefits for the Charter School Principal. The parties agree that the Charter School Principal shall be accountable to CSUSA for the day-to-day operations of the Charter School and for carrying out the mission of the Charter School based on the goals and objectives as stated in the Management Agreement Documents. CSUSA shall have the right, at any time, to make recommendations to the City Manager regarding disciplinary matters, including possible termination, of the Charter School Principal. The City Manager will consider such recommendations of CSUSA and act in accordance with his responsibilities as City Manager. CSUSA shall provide such other personnel as CSUSA, in its sole judgment, determines is necessary to properly operate the Charter School. CSUSA shall determine, in its sole discretion, the benefits that will be provide to such personnel and shall administer the provision of such benefits. Any and all employment agreements shall provide for the immediate assignability to the CITY, at its option, upon the expiration of the term of this Agreement or in the event that this Agreement is terminated as provided herein. In the event of such assignment, CSUSA and the CITY shall be responsible for their respective duties under the terms of this Agreement until the date of assignment. CSUSA shall indemnify the CITY for the acts and omissions of CSUSA occurring prior to the date of assignment, and the CITY shall indemnify CSUSA for the acts and omissions of the CITY following the occurrence of the date of assignment. CSUSA shall provide the CITY with copies of all employment agreements to ensure they comply with the foregoing. In order to attract and compensate teachers and administrators necessary to achieve the performance criteria set forth in this Agreement, CSUSA agrees that, in the event additional funds are necessary to attract and compensate such teachers and administrators, as determined by CSUSA after consultation with the City Manager, CSUSA shall commit such funds from its Management Fee as are necessary to accomplish this goal. The parties acknowledge that the school personnel are crucial to the operation of the school. CSUSA shall not, in any fashion, or for any reason whatsoever, act to preclude personnel from working their required and designated days and hours. Additionally, 14 CSUSA shall use its best efforts to prevent work stoppages caused by the absence of school personnel. The parties further acknowledge that the CITY shall be irreparably harmed should school personnel fail to work their required and designated days and hours for such reasons as labor and/or economic disputes. In the event of such work stoppages, the CITY shall be entitled to seek any available legal or equitable remedies, including, but not limited to, injunctive relief from a court of appropriate jurisdiction, to best protect the interests of the CITY incident to its obligation to provide education for the students of the Charter School. CSUSA shall ensure that all personnel that it employs for the Charter School are subject to the terms of this paragraph. 6.5.3 Traininq and Professional Development. CSUSA shall be responsible for the training and continuing education of its educational faculty, including the Charter School Principal, administrators, and State of Florida certified teachers associated with the Charter School. CSUSA shall additionally be responsible for implementing and monitoring professional development activity requirements applicable to the Charter School's administrative and instructional personnel. Insofar as is possible, CSUSA shall ensure that the Charter School's teachers are encouraged to participate in professional development opportunities sponsored by the Chartering Entity in order to increase teachers' content knowledge and pedagogy. 5.6.4 Administrator and Teacher Evaluation and Assessment. CSUSA shall ensure that the Charter School implements an Administrator and Teacher Evaluation and Assessment system in accordance with the Management Agreement Documents. 6.6 Technolo.qy Manaqement. 5.6.1 Management Information Systems. On behalfofthe Charter School, CSUSA, at its sole discretion, shall 'determine the Management Information System ("MIS") to be utilized at the Charter School, provided however, that such MIS will comply with the terms of this Section and the Management Agreement Documents. CSUSA shall, in coordination and cooperation with the CITY and in accordance with Sections 6.2 and 6.3 of this Agreement, design, order, purchase, install, implement and administer a MIS for the Charter School, consistent with the Charter School's purpose and goals. This system, in conjunction with the applications required by the Chartering Entity, shall include business applications that meet, on an ongoing basis, any and all Federal, State, County, CITY, or Chartering Entity reporting mandates, applicable for the Charter School or the CITY. At a minimum the following functions shall be provided: Cash Receipts, Records Management, Payroll/Personnel, General Ledger, Purchasing, Accounts Payable, Accounts Receivable/Billing, Fixed Assets, Admissions, Scheduling, Registration, Records, and Reporting. The City Manager, with reasonable notice to CSUSA and except as provided for in Chapter 119, F.S., shall have full and unlimited access to the Charter 16 School-based MIS system with assistance from a representative of CSUSA. Upon termination of this Agreement, all hardware, software, business applications (including password and configuration information) and other intellectual property purchased by the CITY shall remain the property of the CITY. The MIS system shall be and remain the property of the CITY, except as proprietary to CSUSA as set forth in this Agreement. Responsibility for maintaining all data and records stored and used by the Charter School shall be with CSUSA and shall be in accordance with the Charter. The cost associated with any design, license, implementation, and administration shall be included in the approved Charter School Annual Budget and paid from the Charter School Fund. 5.7 Performance Criteria. following minimum performance criteria: The CITY and CSUSA shall agree to the 5.7.1 Education Management. 5.7.1.1 For the first year of operation, the Charter School shall attain the following: a) Reading - 70% of student test scores will improve by ten (10) percentage points on the Comprehensive Test of Basic Skills (CTBS). b) Reading - 70% of student test scores will improve by ten (10) percentage points on the CTBS or norm-referenced/criterion-referenced test administered by the Charter School over the first test administration in the fall of year 1. c) Reading - Students in grades 3 - 5 will gain a year's growth in a years time as measured by CSUSA's criterion referenced tests, teacher made assessments and student portfolios. d) Mathematics - The average test score by grade will improve by ten (10) percentage points on the CTBS or norm-referenced/criterion - referenced test over the first administration of the test. e) Mathematics - Students in grades 3 - 5 will gain a year's growth in a year's time as measured by CSUSA's criterion referenced tests, teacher made assessments and student portfolios. attain the following: 5.7.1.2 For each year of operation, the Charter School shall a) All students will maintain a portfolio demonstrating and charting improvement and mastery of skills required at that grade level. This portfolio will 16 be part of the Personal Learning Plan (PLP) that is the compendium of parent, student and teacher conferences. Each PLP will establish academic goals for each individual student in relation to his/her performance and progress. b) The median percentile by each grade level for the Reading and Mathematics subtests of the State or Chartering Entity-required norm- referenced test shall be no lower than the median percentiles achieved by the Miami- Dade County Public Schools that the students of the CITY would otherwise attend based on established attendance boundaries (currently, Highland Oaks and Ojus Elementaries). For purposes of this section, the standard measurement of error for the norm-referenced test shall be three (3) percentile points. This section will be automatically amended on an annual basis to include additional subtests required by the State or Chartering Entity- required norm-referenced tests, if any. c) Beginning in Year 2, the State of Florida A+ Plan Grade shall be no lower than a "B". d) Meet the requirements delineated in Florida State Board of Education Administrative Rule 6A-1.09981, Implementation of Florida's System of School Improvement and Accountability, as may be amended from time to time. 5.7.2 Development and Operations Management. 5.7.2.1 The number of enrolled students, as defined in Section 10, shall be 95% of the number of students allowed under the Charter. 5.7.2.2 The year-to-year student retention rate shall be 80% from the 2003-04 school year to the 2004-05 school year, 85% from the 2004-05 school year to the 2005-06 school year, and 90% for each year-to-year period thereafter. The year-to-year student retention rate shall be determined by expressing the number of students who were enrolled in the Charter School at both the beginning of the earlier school year (October enrollment period) and at the beginning of the subsequent school year (October enrollment period), as a percentage of the number of students who were enrolled in the Charter School at the beginning of the eadier school year (October enrollment period). For purposes of retention rate calculation, a student shall not be included in either the earlier or subsequent enrollment counts if he/she has left the school for non-causal reasons, as determined by an exit survey. Non-causal reasons shall be: a change of residence, change in transportation requirements, articulation beyond the fifth grade, repeated discipline issues or expulsion. The non-causal identifiers may be reviewed annually and revised by mutual agreement between CSUSA and the CITY. The exit survey to be used shall be approved by the City Manager; whose approval shall not be unreasonably withheld. 17 5.7.2.3. The percentage of parents who on the Parent Survey agree or strongly agree to the statement that "1 would recommend the Charter School to a friend" is 80% in year 1 and 90% each year thereafter. 5.7.3. Financial Management. 5.7.3.1. The Charter School Annual Budget is substantially in conformance with the Management Agreement Documents. The proposed Charter School Annual Budget shall specifically include an amount to be reimbursed to the CITY for the cost of the Site that is no less than the amount identified in the Management Agreement Documents, and shall maintain the amount of Total Salaries and/or Total Salaries as a percent of Total Revenues substantially in accordance with the Management Agreement Documents. 5.7.3.2. CSUSA shall operate the Charter School within the Charter School Annual Budget, as approved by the Aventura City Commission. deficits. 5.7.3.3. The Charter School shall complete the year with no 5.7.3.4. The audits required by State Law and the Charter shall indicate that the financial statements are presented fairly and that tests of compliance with laws and regulations and consideration of the internal control over financial reporting disclose no instances of non-compliance, nor any material weaknesses. 5.7.4 Facilities Management. 5.7.4.1 Subject to the terms and conditions of any Charter School Maintenance Agreement established pursuant to Section 6.4, the percentage of parents who on the Parent Survey agree or strongly agree to the statement "The school buildings and grounds are clean and well maintained" is 90%. 5.7.5 Human Resources Management. 5.7.5.1. The amount paid for Total Salaries and/or Total Salaries as a percent of Total Revenues shall be substantially in accordance with the Management Agreement Documents. 5.7.5.2. Class size and student/classroom teacher ratios shall be maintained throughout the school year at 20:1 for Kindergarten and 25:1 for Grades 1 through 5. Any vacancy in a classroom teacher position that results in an increase to the student/classroom teacher ratio shall be filled with a permanent qualified teacher as soon as possible, provided however, that no such vacancy shall remain unfilled by a permanent t8 qualified teacher for more than four weeks from the date of the vacancy, unless authorized by the City Manager, unless the lack of such authorization would contradict applicable local, state or federal law. 5.7.5.3. CSUSA shall make every reasonable effort to insure that the experience level of the Charter School's instructional staff shall be substantially distributed such that at least 1/3 are categorized as "Veterans" (teachers with more than 7 years of teaching experience) and at least 2/3 are categorized as "Veteran" or "Mid-Level" (Teachers with three to seven years of teaching experience). In determining experience levels, advance degrees and other relevant work experience may be considered. If the experience levels of the Charter School's instructional staff are not substantially in compliance with this section, CSUSA shall provide reasonable documentation and information to the City Manager detailing the recruiting efforts that were made to attract experienced instructional staff, explanations and/or special circumstances and actions planned to achieve substantial compliance with this section. 5.7.5.4. Beginning in the third year, the year-to-year retention rates for permanent staff and for classroom teachers, excluding staff or teachers dismissed for cause and as adjusted for mobility, shall be 80%. 5.8 Other. 5.8.1 Provision of Liaison Services. CSUSA shall designate a member of senior management personnel to be the point of contact for the City Manager for all issues. 5.8.2 Other Activities. CSUSA shall be responsible for ensuring that the Charter School complies with the terms and conditions of the Charter and shall, in a timely manner, provide information and perform all other activities required of CSUSA during the term of this Agreement to maintain a fully operational Charter School. following: Responsibilities of the CITY. The CITY shall be responsible for the 6.1 Maintenance of Charter. The CITY shall do, or cause to be done, all things necessary to ensure that all legal requirements applicable to the CITY, and all such conditions as may have been imposed on the CITY by the Chartering Entity, are fully complied with at all times. If the CITY or CSUSA shall at any time receive notice from any public authority or other person that the Charter School is or may be in violation of the Charter, the rules of the Chartering Entity or any provision of any applicable law or regulation, the party receiving such notice shall immediately notify the other party of the asserted violation and shall thereafter work diligently together to determine whether such 19 asserted violation in fact exists, to correct any violation found to exist, and vigorously contest the asserted violation if the same is found not to exist. No changes will be made by the CITY to the approved Charter between the CITY and the Chartering Entity that directly impact CSUSA's performance without CSUSA's consent and approval; such consent and approval shall not be unreasonably withheld. 6.2 Furniture, Fixtures, Equipment and Technolo.qy ("FFE&T"). Upon written instructions from CSUSA, the CITY shall be responsible for obtaining, ordering and purchasing any FFE&T to be utilized in or by the Charter School during the term of this Agreement. At the CITY's option, the CITY may request that CSUSA order some or all of the FFE&T. Regardless of whether the CITY or CSUSA orders the FFE&T, such order(s) shall be in compliance with the written instructions from CSUSA unless mutually agreed otherwise. 6.3 Books and Supplies. Upon written instructions from CSUSA, the CITY shall be responsible for obtaining, ordering and purchasing the books and supplies to be utilized in or by the Charter School during the term of this Agreement. At the CITY's option, the CITY may request that CSUSA order some or all of the books and supplies. Regardless of whether the CITY or CSUSA order the books and supplies, such order(s) shall be in compliance with the written instructions from CSUSA unless mutually agreed otherwise. 6.4 Facility Maintenance. CSUSA shall be responsible for custodial services and ordinary repair and maintenance concerning the day-to-day operation of the Charter School, such as a clogged sink, and replacing light bulbs, etc. ("Custodial and Day-to-Day Maintenance"), in accordance with the Management Agreement Documents. The CITY shall be responsible for all other repair and maintenance, including but not limited to ground maintenance and maintenance of the physical plant in accordance with the Management Agreement Documents. Any contract entered into by CSUSA for the provision of all or part of the Custodial and Day-to-Day Maintenance shall comply with the provisions of Section 32 of this Agreement. The costs associated with the Custodial and Day-to-Day Maintenance shall be included in the Charter School Annual Budget and paid for from the Charter School Fund. CSUSA shall be responsible for, and pay for, any and all repairs or replacements necessary relative to the Charter School Facility, the FFE&T, and the books and supplies that arise due to the intentional acts or willful misconduct of CSUSA, its employees, agents, contractors, guest and invitees. At the CITY's option, the CITY may elect to be responsible for all or part of the Charter School's Custodial and Day-to-Day Maintenance. Should the CITY elect to be responsible for all or part of the Charter School's Custodial and Day-to-Day Maintenance, it is the intent of the parties to enter into a separate Charter School Maintenance Agreement that will supercede and replace this Section 6.4 and will specify the respective rights, responsibilities and costs of each party and the Charter School, provided however, 20 that the costs associated with the Custodial and Day-to-Day Maintenance services shall be in compliance with the Charter School Annual Budget, as may be amended from time to time. 6.5 Tax Exempt Fund Raisin,q Activities. If the CITY concludes it is appropriate to do so, the Charter School may seek to establish a separate tax-exempt organization to conduct fund raising activities and receive tax deductible contributions in support of the Charter School and/or of education generally. CSUSA shall cooperate with such tax-exempt organization as necessary and appropriate. 6.6 Fundin,q For Charter School Costs and Expenses. The CITY shall maintain a Charter School Fund to account for expenditures and revenues associated with the Charter School. It is understood by CSUSA and the CITY, that any and all funds expended by the CITY pursuant to this Agreement and the Planning Agreement, including costs and expenses associated with the planning and development of the Charter School such as, start up funding, land acquisition and capital improvements including construction of the Facility and CSUSA Fees, professional services contract fees and other out-of- pocket costs and expenses, shall be reimbursed to the CITY from Charter School revenues. The reimbursement schedule shall be included in the proposed Charter School Annual Budget. The CITY shall provide CSUSA with an estimate of any and all funds expected to be expended by the CITY pursuant to this Section during each subsequent budget year, that would not be generally known to CSUSA or included in the Management Agreement Documents; such estimate shall be included in the proposed Charter School Annual Budget. 6.6.1 Procedure for Payment. In order to receive funds from the CITY pursuant to this Section, CSUSA shall prepare and submit monthly financial statements and invoices to the City Manager, which shall include the fund(s) for which CSUSA is seeking payment, and all of the Charter School's actual expenditures, reported on a modified cash basis of accounting (including but not limited to all capital expenditures). CSUSA shall submit to the CITY a schedule for payroll at the beginning of the academic year. This schedule may be amended from time to time, as appropriate. The CITY shall be required to wire or ACH transfer payment from the Charter School Fund for the payroll at least five (5) business days prior to a schedule payroll date or other set due date, as applicable. For all other Charter School expenses, CSUSA shall submit requests to the City Manager bi-monthly for the fund(s) for which CSUSA is seeking payment and such other expenses shall be deemed due, subject to the provisions of Section 10 for Management and Incentive Fees, upon approval by the City Manager after receipt by the CITY of the monthly financial statement and invoices, and such source documents, supporting schedules, summaries and explanations as may reasonably be requested by the City Manager from time to time (~approved expenditures"). The City Manager shall direct payment from the Charter School Fund to CSUSA for all approved expenditures within seven (7) business days. CSUSA agrees to provide the CITY, within 21 ten (10) business days, source documents, supporting schedules, summaries and explanations as may reasonably be requested by the City Manager from time to time. CSUSA shall immediately reimburse the CITY for any unallowable Charter School expenditures as determined by a licensed auditor of the CITY, the Chartering Entity, or any Department or Division of the State of Florida or Federal Government. 6.7 Charter School Department. It is the intent of the CITY to establish a Charter School Department which shall be responsible to the City Manager. CSUSA shall be accountable to the City Manager. Neither the City Commission nor its members shall give orders to CSUSA, its employees or employees of the City Charter School Department, either publicly or privately. Recommendations for improvements in Charter School operations by Commissioners shall be made solely to and through the City Manager. 6.8 Annual Review of Performance Criteria. On an annual basis, the CITY and CSUSA shall review the minimum performance criteria established in Section 5.7 and the Incentive Fee eligibi{ity requirements established in Section 10.2, including measurement methodology and assumptions, to jointly verify and/or modify the criteria, requirements, measurement methods and assumptions to accurately and appropriately evaluate the performance and effectiveness of CSUSA and the Charter School as contemplated in the Management Agreement Documents. The CITY may, at its sole option, modify the measurement methods and/or assumptions should it determine that such modifications are necessary to more accurately and appropriately evaluate the performance and effectiveness of CSUSA and the Charter School as contemplated in the Management Agreement Documents. During the annual review, CSUSA and the CITY shall additionally determine the specific tests/instruments upon which the minimum performance criteria delineated in Section 5.7.1 shall be based for the subsequent school year. 6.9 Other Activities. The CITY shall, in a timely manner, provide all information and perform all other activities required of the CITY during the term of this Agreement to maintain a fully operational Charter School. 7. Cooperation. The parties shall, in good faith, share all information received from the Chartering Entity so as to comply with mutual obligations herein. Any information, whether written or oral, which is transmitted by the Chartering Entity to the parties shall be shared between the parties promptly. 8. Additional Mutual Obli,qations. The parties hereto shall actively and diligently coordinate all extracurricular activities, grant writing, community involvement, responsiveness and response to compliance to all federal, state, and local rules and regulations, and any other operational activities or functions occasioned by the relationship set forth in this Agreement in a concerted effort to meet the goals and objectives established in the Management Agreement Documents and the Planning 22 Agreement. 9. Charter Schools Fundin,q Resources. All revenues, grants, and revenue allocations received by or targeted to the Charter School, shall be directed to and retained in the Charter School Fund, as established by the CITY. 10. Management and Incentive Fees. Subject to annual appropriations by the City Commission and the provisions of Section 10,3, the CITY shall pay CSUSA annual management and incentive fees for the performance by CSUSA of its responsibilities as provided in this Agreement as follows: 10.1 Mana,qement Fee. The base Management Fee shall be as follows: Year 1 Years 2-3 Years 4-5 13% of the funding for student enrollment, as adjusted. 11% of the funding for student enrollment, as adjusted. 10% of the funding for student enrollment, as adjusted. The funding for student enrollment, as adjusted, shall be the sum of district operating funds from the Florida Education Finance Program (FEFP), including gross state and local funds, discretionary lottery funds, and discretionary operating millage funds divided by total district funded weighted full-time equivalent (WFTE) students times the weighted full-time equivalent students of the Charter School and the Charter School's proportionate share of categorical program funds included in the FEFP, less 5 %, and as may be adjusted for factors including, but not limited to, changes in the number of enrolled students, state holdbacks and state prorations, and a proportional share of any unfounded WFTE for Group 2 programs. All payments to CSUSA for the base Management Fee shall be paid and deemed, earned pro-rata by CSUSA on a monthly basis, beginning July 1, 2003, with each payment representing 1/12 of the annual base Management Fee. Payments to CSUSA shall not begin until the operating funding for student enrollment, as adjusted, in the Charter School are received by the CITY from the Chartering Entity, provided however, that the first payment to CSUSA shall include retroactive payments to July 1,2003, if any, and provided further, that the final monthly payment of each year shall be paid upon the acceptance of year-end financial reports demonstrating that the Charter School completed the year with no deficit. For the purposes of this Agreement, the number of "enrolled students" shall be equal to the Chartering Entity's FTE student count used to determine FTE Funding for the Charter School 23 10.2 Incentive Fees. In any year where CSUSA and the Charter School meet or exceed all the performance criteria specified in Section 5.7 of this Agreement, the CITY shall award a separate Incentive Fee upon any of the following events: 10.2.1 In order to supplement and enhance the County, State or Federal funds that are normally associated with the operation and development of a school, the CITY and CSUSA shall endeavor to obtain revenues from other sources, including grants and donations (the "Additional Revenues"). CSUSA shall be entitled to an amount equal to ten percent (10%) of all revenues received from Additional Revenues directly attributable to CSUSA's efforts. 10.2.2. Starting in Year 2, if the median percentile by each grade level on the State or Chartering Entity required norm-referenced test: 10.2.2.1 Reading - exceeds the performance criteria established in Section 5.7.1.2(b) by at least five (5) median percentile points or exceeds the performance criteria established in Section 5.7.1.2(b) and is equal to or greater than the 75r" percentile, CSUSA shall be entitled to an amount equal to one;half percent (.5%) of the funding for student enrollment, as adjusted, for that year. 10.2.2.2 Mathematics - exceeds the performance criteria established [n Section 5.7.1.2(b) by at least ten (10) median percentile points or exceeds the performance criteria established in Section 5.7.1.2(b) and is equal to or greater than the 85t~ percentile, CSUSA shall be entitled to an amount equal to one-half percent (.5%) of the funding for student enrollment, as adjusted, for that year. 10.2.3 If the cumulative response on an annual parent survey results in: 10.2.3.1 Re-enrollment - The percentage of parents who Agree or Strongly Agree to the statement "1 intend to re-enroll my child for the next school year" is 80% in year 1 and 90% in each year thereafter, then CSUSA shall be entitled to an amount equal to one-half percent (.5%) of the funding for student enrollment, as adjusted, for that year. 10.2.3.2 Safety - The percentage of parents who Agree or Strongly Agree to the statement that "Students feel safe at Aventura Charter Elementary School" is 80% in year I and 90% in each year thereafter, then CSUSA shall be entitled to an amount equal to one-half percent (.5%) of the funding for student enrollment, as adjusted, for that year. 10.2.4. Starting in Year 2, if the Charter School achieves a grade of "A" under the State of Florida A+ Plan, CSUSA shall be entitled to an amount equal to one percent (1%) of the funding for student enrollment, as adjusted, for that year. 24 10.2.$. In any year that a land reimbursement payment is made to the CITY and that payment exceeds the land reimbursement payment specified for that same year in the Management Agreement Documents, then an amount equal to five percent (5%) of this excess shall be payable to CSUSA. 10.2.6 All Incentive Fees shall be paid and deemed earned by CSUSA in one payment on an annual basis, after verification by the CITY of eligibility based on the documentation, information and reports submitted by CSUSA pursuant to Section 5.2.6.1 and upon the acceptance by the CITY of the year-end financial reports. If the CITY terminates this Agreement without cause in accordance with Section 14.2, CSUSA shall be entitled to a pro-rata share of the annual Incentive Fee to be paid pursuant to this section, if any, The pro-rata share will be 1/12 of the annual Incentive Fee times the number of months in which CSUSA performed Services pursuant to this Agreement for the school year on which the annual Incentive Fee is based. Any pro-rata share of Incentive Fees pursuant to this Section, shall be paid to CSUSA in one payment after the close of the then school year and after verification by the CITY of eligibility based on the documentation, information and reports submitted by CSUSA pursuant to Section 5.2.6.1 and upon the acceptance by the CITY of the year-end financial reports. 10.3 Subordination of Manaqement and Incentive Fees. In any year where there is a shortfall in total revenues (operating and capital outlay), the base Management Fees and Incentive Fees provided in Section 10 shall be subordinate to the operating expenses of the Charter School and the debt service on the debt incurred by the CITY for the acquisition, design, construction, and development of the Charter School Facility, in the amounts as herein specified, unless an amended balanced Charter School Annual Budget, based on the reduced revenues and that substantially conforms with the terms and conditions of the Management Agreement Documents, can be prepared by CS USA in accordance with Section 5.3.1., The subordination amounts shall be as follows: Year 1 Year 2 Year 3 Year 4 Year 5 Maximum subordination of 2% Maximum subordination of 2% Maximum subordination of 3% Maximum subordination of 4% Maximum subordination of 4% Further, the payment of the Management and Incentive Fees to CSUSA by CITY is subject to availability and payment of FTE Funds, funds allocated for Charter School capital outlay purposes, and any other education funds from the State of Florida, as provided by law. 11. Insurance. CSUSA shall maintain comprehensive general liability insurance in the amount of Five Million and no/100 Dollars ($5,000,000.00) per occurrence combined 25 single limit and Five Million and no/100 Dollars ($5,000,000.00) in the aggregate, insuring against property damage and personal injury and death occurring in connection with the Charter School. In addition, CSUSA shall maintain workers compensation insurance in the amount of the greater of Fifty Thousand and no/lO0 Dollars ($50,000.00) or the minimum amount required by law. '12. Indemnification. 12.1 CSUSA agrees to indemnify, defend with counsel (reasonably acceptable to the CITY) and hold the CITY, and its elected officials, officers, employees, and agents (the "Indemnified Parties"), harmless from any and all claims, actions, costs, expenses, damages and liabilities, including reasonable attorney's fees and costs at both the trial and appellate levels, arising out of, connected with or resulting from (a) the negligence, intentional wrongful act or misconduct of CSUSA, its officers, employees and agents, in connection with the Agreement, (b) CSUSA's breach of this Agreement or any applicable federal, state, local or Chartering Entity law, ordinance, rule or regulation and/or (c) any failure by CSUSA to pay its suppliers or subcontractors. The duty to indemnify will continue in full force and effect notwithstanding the expiration or termination of the Agreement with respect to any claims based on facts or conditions that occurred or accrued prior to such expiration or termination. 12.2 Subject to the provisions and monetary limitations of F.S. 768.28, as amended or superseded, the CITY agrees to indemnify, defend with counsel (reasonably acceptable to CSUSA) and hold CSUSA, its officers, employees, and agents (the"CSUSA Indemnified Parties"), harmless from any and all claims, actions, costs, expenses, damages and liabilities, including reasonable attorney's fees and costs at both the trial and appellate levels, arising out of, connected with or resulting from (a) the negligence, intentional wrongful act or misconduct of the CITY, its employees and agents, in connection with the Agreement, (b) the CITY's breach of this Agreement or any applicable federal, state, local or Chartering Entity law, ordinance, rule or regulation, and/or (c) any failure by the CITY to pay its suppliers or subcontractors. The duty to indemnify will continue in full force and effect notwithstanding the expiration or termination of the Agreement with respect to any claims based on facts or conditions that occurred or accrued prior to such expiration or termination. 12.3 Upon becoming aware of the potential for a claim hereunder, the party seeking indemnification shall promptly notify the other party in writing of the existence of such claim, demand or other action giving rise to a claim for indemnification under this provision (a "Third Party Claim") and shall give such other party a reasonable opportunity to defend the same at its own expense and with its own counsel, provided however that the CITY or CSUSA shall at all times have the right to participate in such defense at its own expense. 12.4 If, within a reasonable amount of time after receipt of notice of a Third Party Claim, the CITY or CSUSA shall fail to undertake to so defend, the party seeking indemnification shall have the right, but not the obligation, to defend and to compromise or settle (exercising reasonable business judgment) the Third Party Claim for the account and at the risk and expense of the party responsible for indemnification hereunder. Each party agrees to cooperate and to make available to the other party, such information and assistance as may be reasonably requested in connection with the defense of a Third Party Claim. 13. Default. A default shall be deemed to have occurred for certain events or conditions (each, an "Event of Default"), which include, but are not limited to the following: 13.1 Any action, inaction or creation of circumstances that put the Charter in jeopardy of non-renewal or termination pursuant to the Charter or any applicable federal, state, local or Chartering Entity law, ordinance, rule or regulation; or 13.2 Failure to pay any amount due hereunder within thirty (30) days after written notice to the defaulting party that such amount is due; or 13.3 Failure to remedy a material breach of this Agreement, including, but not limited to, a default in the due and punctual observance or performance of any provision contained heroin, within thirty (30) days after written notice to the defaulting party; or 13.4 If CSUSA shall under such law as shall be applicable to it commence any case or proceeding, or file any petition in bankruptcy, or for reorganization, liquidation or dissolution, or be adjudicated, insolvent or bankrupt, or shall apply to any tribunal for a receiver, intervenor, conservator or trustee for itself or for any substantial part of its property; or if there shall be commenced against it any such action and the same shall remain un-dismissed; or if by any act it shall indicate its consent to, approval of, or acquiescence in any such proceeding, or the appointment of any receiver, intervener, conservator or trustee for it or any substantial part of its property or shall suffer any of the same to continue undischarged; or if it shall become subject to any intervention whatsoever that shall deprive it of the management of the aggrogate of its property or any substantial part thereof; or if it shall wind up or liquidate its affairs or there shall be issued a warrant of attachment, execution, or similar process against any substantial part of its property, and such warrant, execution or process shall remain un-dismissed, unbounded or undischarged for a period of ninety (90) days, this Agreement shall be deemed immediately terminated upon the occurrence of such event; or 13.5 If the ownership of CSUSA shall be transferred or assigned, directly or indirectly, without the prior written consent of the CITY, in violation of Section 36; or 27 1 $.6 If CSUSA uses funds not in accordance with the terms of this Agreement including both negligent and fraudulent use of funds, or if CSUSA fails to obtain or maintain any license, inc!uding the revocation of such license by an administrative or judicial body, that may be required for CSUSA to carry on its business and perform its obligations and functions under this Agreement. For purposes hereof, any fraudulent use of funds shall include the use of funds by misrepresentation, concealment, nondisclosure, misleading conduct, devices, or contrivance. 13.7 If any representation, statement, or warranty made in the Agreement by CSUSA or the CITY is false, misleading, or breached in any material respect. Upon the occurrence of an Event of Default, the non-defaulting party shall be entitled to pursue all remedies available under law or equity, and in addition to such remedies, may immediately terminate this Agreement with Cause in accordance with Section 14.1. 14. Term[nation of this Agreement. This Agreement may be terminated by the parties as follows: 14.1 Termination with Cause or for Nonperformance. Upon the occurrence of an Event of Default beyond applicable grace, notice and cure periods, the non-defaulting party shall be entitled to terminate this Agreement with cause or for nonperformance (hereinafter referred to as "Termination with Cause"), prior to the end of the term, with seven (7) days prior written notice. 14.1.1 Termination with Cause may include, but is not limited to, failure for CSUSA to account for its expenditures or to pay operating costs; failure to follow the policies, procedures, rules, regulations or curriculum as adopted by CSUSA. 14.1.2 Notwithstanding the foregoing, the failure to obtain any one of the performance criteria in Section 5.7 of this Management Agreement, shall be cause for the CITY to terminate this Management Agreement with cause, unless CSUSA, within thirty (30) days from receipt of written notice from the CITY, presents and agrees to implement an action plan, acceptable to the City Manager, detailing the actions to be taken by CSUSA to raise the performance level to acceptable standards, provided however that the revocation of the Charier by the Chartering Entity, shall be cause for the CITY to terminate with cause this Management Agreement, without providing CSUSA an opportunity to cure. 14.1.3 Upon Termination with Cause, the parties shall immediately end their performance of obligations pursuant to this Agreement and shall have no further obligations or responsibilities to each other as of the date of such termination, including any payment obligations (except reimbursement of authorized expenses incurred by CSUSA on behalf of the CITY or the Charter School and unpaid earned Fees), except as 28 otherwise indicated in this Agreement, and the non-defaulting party shall be entitled to pursue all remedies available under law or equity in addition to the termination of this Agreement. 14.2 Termination without Cause. This Agreement may be terminated without cause (hereinafter referred to as "Termination without Cause"), as follows: 14.2.1 This Agreement shall terminate on June 30, 2008, unless terminated earlier in accordance with the provisions of Section 14 or as otherwise provided for in this Agreement. 14.2.2 By the CITY, upon thirty (30) days advanced written notice, due to a change in federal, state or local or Chartering Entity law, ordinance, policy, rule, regulation or appropriations during the term of this Agreement which would materially impact the ability to design, build, operate or maintain the Charter School substantially in conformance with the Management Agreement Documents. Such changes could include, but not be limited to, a charter school capital outlay funds appropriation that does not provide for the Charter School to receive funding substantially in accordance with the Management Agreement Documents, or a modification that would substantially impact the ability to limit the enrollment process to target the children of the CITY. 14.2.3 By the CITY, at any time and for any reason or no reason, upon six (6) months days advance written notice. 14.2.4 Upon Termination without Cause, the parties shall have no further obligations or responsibilities to each other as of the date of such termination, including any payment obligations (except reimbursement of authorized expenses incurred by CSUSA on behalf of the CITY or the Charter School and unpaid eamed Fees), except as otherwise indicated in this Agreement. 15. Transfer of Functions Upon Termination. In recognition of the paremount importance of maintaining the integrity and continuing operations of the Charter School, upon the expiration of the term of this Agreement, or in the event this Agreement is terminated pursuant to Section 14, or as otherwise indicated in this Agreement, CSUSA agrees to cooperate with the CITY during the transition of operations of the Charter School and for the transfer, within thirty (30) calendar days of such termination, of the documents which relate to the planning, design, development and operating functions of the Charter School (to the extent such documents ara owned by the CITY) from CSUSA to the CITY or an entity selected by the CITY. Such cooperation shall include, but is not limited, to: 15.1 Assignment, in accordance with Section 5.5.2 of this Agreement, of all employees and employment contracts of the Charter School and the transfer of employee records to the CITY or an entity selected by the CITY. 29 15.2 Transfer of all student records, then current curriculum programs and class syllabi of the Charter School (unless the same is proprietary to CSUSA), if any, to the CITY or an entity selected by the CITY. 15.3 Assignment, at the CITY's sole option and in accordance with the provisions of Section 32 of this Agreement, of all contracts, subcontracts and/or agreements, if any, entered into by CSUSA for the Charter School, to the CITY or an entity selected by the CITY, if such contracts or subcontracts are assignable. 15.4 CSUSA shall provide the CITY, or an entity selected by the CITY, all hardware, software, business applications and other intellectual property (with password and configuration information) purchased by CITY. If CSUSA uses software or applications to operate the Charter School that is not owned by CITY or the Charter School, the CITY, at its sole option, may continue to use such software or applications. If the CITY elects to continue to utilize CSUSA software or applications to operate the Charter School, the CITY shall execute a license agreement with CSUSA for the use of the same for a reasonable license fee (based upon the then existing market value) to be negotiated in good faith by the parties. 15.5 Transfer of all property including, but not limited to, furniture, r~ures, equipment, materials, software and hardware acquired for the Charter School by the CITY and purchased by the CITY or through the use of funds designated for the Charter School, to the CITY or an entity selected by the CITY. 15.6 The delivery of any and all Public Records in CSUSA's possession to the CITY or an entity selected by the CITY. 15.7 Transfer of any and all other information owned by the CITY, or provision of assistance, to ensure the least disruption of the continuing operations of the Charter School as a result of the termination of this Agreement. 15.8 The provisions of Section 15 shall survive the termination of this Agreement. 16. Entire A.qreement. This Agreement and all documents contemplated herein including the Management Agreement Documents, represent the entire understanding and agreement between the parties with respect to the subject matter hereof, and supersedes all other negotiations, understandings, and representations (if any) made by and between such parties. The previsions of this Agreement may not be amended, supplemented, or waived orally, but only by a writing signed by the parties and making specific reference to this Agreement. 3O 17. Assignments. No party shall assign or pledge its rights or obligations hereunder without the prior written consent of the other party to this Agreement, which consent may be withheld by such party in its sole discretion except as otherwise provided for in this Agreement. 18. Further Assurances. The parties hereby agree from time to time to execute and deliver such further and other assurances, assignments and documents and do all matters and things that may be convenient or necessary to more effectively and completely carry out the intentions of this Agreement. 19. Relationship of Parties. The relationship between the parties hereto shall be solely as set forth herein as independent contractors and neither party shall be deemed to be an employee, agent, partner, or joint venturer of the other. 20. Interpretations. This Agreement shall not be construed more strictly against one party than against the other merely because it may have been prepared by counsel for one of the parties, it being recognized that both parties have contributed substantially and materially to its preparation. 21. Time of the Essence. Time of performance by either party of each and every provision or covenant herein contained is of the essence of this Agreement. CSUSA shall be responsible for ensuring the timely performance of all activities and responsibilities required during the term of this Agreement, including the production of documents, in compliance with all applicable federal, state, local and Chartering Entity laws, ordinances, rules and regulations, to ensure that the Charter School is fully operational for the 2003-2004 school year and is maintained as a fully operational Charter School in compliance with the Management Agreement Documents during the term of this Agreement. For the purpose of this Agreement, "timely~' shall include a reasonable time for review, consideration, and/or modification by the City Manager, and, whenever deemed necessary by the City Manager, shall include the appropriate time necessary for submission, consideration and/or approval by the Aventura City Commission. 22. Bindinq Effect. All of the terms and provisions of this Agreement, whether so expressed or not, shall be binding upon, inure to the benefit of, and be enforceable by the parties and their respective legal representatives, successors, and permitted assigns. 23. Notices. All notices and other communications required or permitted under this Agreement shall be in writing and given by: 23.1 hand delivery; 23.2 registered or certified mail, return receipt requested; 31 23.3 overnight courier, or 23.4 facsimile with a hard copy followup pursuant to Sections 23.1, 23.2 or 23.3 to: If to CSUSA: Charter Schools USA at Aventura, L.C. 6245 N. Federal Highway, Suite 500 Fort Lauderdale, Florida 33308 Attention: Mr. Jonathan K. Hage, President Fax: (954) 202-2047 With a copy to: Tripp Scott, P.A. 110 S.E. 6th Street, 15th Floor Fort Lauderdale, Florida 33301 Attn: Edward J. Pozzuoli, Esq. Fax: (954) 761-8475 If to the City: Eric M. Soroka City Manager City of Aventura 19200 West Country Club Drive Aventura, Florida 33180 Fax: (305) 466-8919 With a copy to: Weiss Serota Helfman Pastoriza & Guedes, P.A. 2665 South Bayshore Drive Suite 420 Miami, Florida 33133 Attn: Steven W. Zelkowitz, Esq. Fax: (305) 854-2323 or to such other address as any party may designate by notice complying with the terms of this Section. Each such notice shall be deemed delivered: 23.4.1 on the date delivered if by hand delivery or overnight courier, 23.4.2 on the date upon which the return receipt is signed or delivery is refused or the notice is designated by the postal authorities as not deliverable, as the case may be, if mailed; and 23.4.3 on the date of transmission with confirmed answer if by fax. 32 24. Headin.qs. The headings contained in this Agreement are for convenience of reference, only, and shall not limit or otherwise affect in any way the meaning or interpretation of this Agreement. 25. Severability. If any part of this Agreement or any other agreement entered into pursuant hereto is contrary to, prohibited by or deemed invalid under applicable law or regulation, such provision shall be inapplicable and deemed omitted to the extent so contrary, prohibited or invalid, but the remainder hereof shall not be invalidated thereby and shall be given full force and effect so far as possible. 26. Waivers. The failure or delay of any party at any time to enforce this Agreement shall not affect such party's right to enforce this Agreement at any other time. Any waiver by any party of any breach of any provision of this Agreement shall not be construed as a waiver of any continuing or succeeding breach of such provision, a waiver of the provision itself, or a waiver of any right, power, or remedy under this Agreement. No notice to or demand on any party in any case shall entitle such party to any other or further notice or demand in any other circumstance. 27. Outside Business. Nothing contained in this Agreement shall be construed to restrict or prevent, in any matter, CSUSA or its representatives or principals from providing services to any third-party similar to the services provided pursuant to this Agreement. 28. Third Parties. Nothing in this Agreement, whether express or implied, is intended to confer any rights or remedies on any person other than the parties hereto and their respective legal representatives, successors, and permitted assigns, nor is anything in this Agreement intended to relieve or discharge the obligation or liability of any third person to any party to this Agreement, nor shall any provision give any third person any right to subrogation or action over or against any party to this Agreement. 29. Jurisdiction and Venue. The parties acknowledge that a substantial portion of the negotiations, anticipated performance and execution of this Agreement occurred or shall occur in Miami-Dade County, Florida, and that, therefore, without limiting the jurisdiction or venue of any other federal or state courts, each of the parties irrevocably and unconditionally: 29.1 agrees that any suit, action or legal proceeding arising out of or relating to this Agreement may be brought in the courts of record of the State of Florida in Miami-Dade County or the court of the United States, Southern District of Florida in Miami -Dade County. 29.2 consents to the jurisdiction of each such court in any suit, action, or proceeding; and 33 29.3 waives any objection which it may have to the laying of venue of any such suit, action, or proceeding in any of such courts. 30. Enforcement Costs. In the event of any controversy arising under or relating to the interpretation or implementation of this Agreement or any breach thereof, the prevailing party shall be entitled to recover all court costs, expenses, and reasonable attorneys' fees (including, without limitation, all pre-trial, trial and appellate proceedings) incurred in that action or proceeding, in addition to any other relief to which such party or parties may be entitled. 31. Remedies Cumulative. No remedy herein conferred upon any party is intended to be exclusive of any other remedy, and each and every such remedy shall be cumulative and shall be in addition to every other remedy given hereunder or now or hereafter existing at law, in equity, by statute or otherwise. No single or partial exercise by any party of any right, power, or remedy hereunder shall preclude any other or further exercise thereof. 32. Contracts and Subcontracts CSUSA may contract and/orsubcontract for the performance of any of its responsibilities set forth in this Agreement, subject to notice to the CITY, such notice to indicate if the contract and/orsubcontract will provide for assignment to the CITY in the event of the termination of this Agreement, and the CITY's opportunity to review any and all proposed contracts and/or subcontracts in connection with the performance of the duties, functions, and responsibilities under this Agreement. CSUSA shall be responsible for the management of all contractors and/or subcontractors in the performance of their work. Nothing herein shall create any relationship, contractual or otherwise, between CITY and any contractor or subcontractor. Notwithstanding the rights of CSUSA to enter into such contracts, subcontracts and agreements and the contractual obligations of contractor or subcontractor to CSUSA, CSUSA shall remain liable to the CITY for the performance of Services under this Agreement. Any and all contracts, subcontracts and agreements entered into by CSUSA pursuant to this Agreement shall (i) contain insurance and indemnity requirements in favor of the CITY consistent with Sections 5.2.8 and 12 of this Agreement, (ii) if possible, provide that the CITY is a third part beneficiary of such contract, subcontract or agreement, and (iii) if possible, include provisions that provide for the assignment of these contracts, subcontracts or agreements, at the CITY's sole option, to the CITY, or an entity of the CITY's selection, upon the expiration of the term of this Agreement or in the event this Agreement with CSUSA is terminated pursuant to the terms herein. In the event of such assignment, CSUSA and the CITY shall be responsible for their respective duties under the terms of this Agreement until the date of assignment. CSUSA shall indemnify the CITY for the acts and omissions of CSUSA occurring prior to the date of assignment, and the CITY shall indemnify CSUSA for the acts and omissions of the CITY following the 34 occurrence of the date of assignment. CSUSA shall provide CITY with copies of all contracts, subcontracts and agreements to ensure they comply with the foregoing. 33. Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed an original, and all of which together shall constitute one and the same instrument. 34. GoveminR Law. This Agreement and all transactions contemplated by this Agreement shall be governed by, construed, and enforced in accordance with the internal laws of the State of Florida, without regard to principles of conflicts of laws. 35. Proprietary Information. The CITY agrees that CSUSA shall own all copyrighted and other proprietary rights to all instructional materials, training materials, curriculum and lesson plans, or any other materials created and developed by CSUSA, its employees, agents or subcontractors, or by any individual working for or supervised by CSUSA, which is developed during working hours or during time for which the individual is being paid and which is specifically identified by CSUSA in writing as being copyrighted or proprietary. CSUSA shall have the sole and exclusive right to license such materials for use by other school districts, other public schools, or other customers, or to modify and/or sell such materials for use by school districts, other public schools or other customers. Notwithstanding the same, in the event of expiration or termination of this Agreement, the CITY shall have the right to use such materials during the life of the Charter School provided the CITY pays a reasonable license fee (based upon the then existing market value) to CSUSA; however, the CITY shall have no rights to use such materials beyond the life ofthe Charter School. During the term of this Agreement, CSUSA may disclose such proprietary information, including that which is currently in existence as well as that which may be created in the future. The CITY, to the extent permitted by law, shall treat all proprietary information specifically identified in writing by CSUSA as though it were a trade secret and copyrighted and shall use efforts as may be reasonably requested by CSUSA so as not to disclose, publish, copy, transmit, modify, alter or utilize such proprietary information during the Term of this Agreement or at any time after its expiration other than to the extent necessary for implementation of this Agreement or as licensed from CSUSA for the continuing planning, design, development and operation of the Charter School; provided, however, that CSUSA acknowledges that any information provided to the CITY may be a public record under Florida law and may be subject to disclosure. 36. Sale or Transfer of Interest in CSUSA. This Agreement is made by the CITY with CSUSA in its current ownership form and in reliance on the expertise of the current principals and owners of CSUSA, including Jonathan Hage. No substantial ownership or any other form of control of CSUSA, including the development and planning of the Charter School, shall be transferred, pledged, mortgaged or assigned, directly or indirectly, without the prior written consent of the CITY, through the City Manager. For 35 purposes of this Agreement "substantial change in ownership" shall be defined as when a majority of CSUSA ownership is not maintained by Jonathan Hage. In determining whether to approve of any such transfer, pledge, mortgage or assignment, the City Manager may consider, without limitation: 36.1 whether the now current individual principals and managers of CSUSA will continue to retain total administrative control over the Charter School; 36.2 the qualifications and character of the individuals or entities that are to receive the transferred or assigned interest from CSUSA. The CITY, upon considering the approval of the transfer or assignment, shall not unreasonably withhold approval of such based upon the foregoing criteria. 37. Additional Audits. In addition to the audits required pursuant to Section 5.3.5 of this Agreement, the CITY shall have the right, at any time during business hours, at the CITY's sole expense, and with reasonable notice to CSUSA, to inspect and audit, or caused to be inspected and audited by a certified public accounting firm selected by the CITY, the business records, bookkeeping and accounting records, tax records and retums and other records of CSUSA with respect to this Charter School and this Agreement. CSUSA shall cooperate with CITY and the certified public accounting firm. If any of the foregoing business records are retained by CSUSA following the expiration or earlier termination of this Agreement and not delivered to the CITY, CSUSA shall maintain and make available to the CITY such books and records for a period of six (6) years following the expiration or earlier termination of this Agreement. 38. PolicelRe.qulatory Powers. CITY cannot, and hereby specifically does not, waive or relinquish any of its regulatory approval or enforcement rights and obligations as it may relate to regulations of general applicability which may govern the Charter School and the Facility, and any improvements or operations relative thereto. Nothing in this Agreement shall be deemed to create an affirmative duty of CITY to abrogate its sovereign right to exercise its police powers and governmental powers by approving or disapproving or taking any other action in accordance with its zoning and land use codes, administrative codes, ordinances, rules and regulations, federal laws and regulations, state laws and regulations, and grant agreements. [SIGNATURES APPEAR ON THE NEXT PAGE] 36 IN WITNESS WHEREOF, CITY and CSUSA have signed this Agreement in triplicate. One counterpart each has been delivered to CITY and CSUSA. ATTEST:~ /~ //~ Tere a/t Soroka,( 'Uq / City Oferk ~ J APPROVED AS. TO FORM: //-' City Attorney Eric M. '8oroka, City M~/ WITNESSES: Print Name CHARTER SCHOOLS USA AT AVENTURA, L.C. K g, Signature Print Name CHARTER SCH, H,H~/USA, INC. 37 EXHIBIT A AVENTURA CHARTER ELEMENTARY SCHOOL Parent Survey JUNE 20O4 Directions: Please CIRCLE ONE of these after each statement. Strongly Agree Agree Disagree Strongly Disagree 1. The school buildings and grounds are clean and well mah~tained. Strongly Agree Agree Disagree Strongly Disagree Comments Student responsibility is reinforced by the school and staff. Strongly Agree Agree Disagree Strongly Disagree Comments 3. An atmosphere of respect and trust exists between students and school personnel. Strongly Agree Agree Disagree Strongly Disagree Comments 4. Social and cultural differences among students are respected. Strongly Agree Agree Disagree Strongly Disagree Comments 5. Teachers have a positive attitude toward ACES and students. Strongly Agree Agree Disagree Strongly Disagree Comments. 6. Students are recognized for their accomplishments. Strongly Agree Agree Disagree Strongly Disagree Comments. 7. Extra assisiance with schoolwork is available to students. Strongly Agree Agree Disagree Strongly Disagree Comments 8. The teacher, student ratio is satisfactory. Strongly Agree Agree Disagree Strongly Disagree Coutments 9. Parents are informed of school events and activities. Strongly Agree Agree Disagree Strongly Disagree Comments 10. Parents are encouraged to volunteer and be involved in school activities. Strongly Agree Agree Disagree Strongly Disagree Comments 11. School faculty is responsive to questions and concerns. Strongly Agree Agree Disagree Strongly Disagree Comments (ovE~) 12. Parents a~ invited to discuss concerns by telephone or conference. Strongly Agree Agree Disagree Strongly Disagree Conunents 13. Classrooms itre properly equipped to support learning. Strongly Agree Agree Disagree Strongly Disagree Comments 14. Teachers make learning interesting and relevant. Strongly Agree Agree Disagree Strongly Disagree Comments 15. Teachers are knowledgeable and understand their subject matter. Strongly Agree Agree Disagree Strongly Disagree Conunents 16. Students have adjusted socially to the school's environment. Strongly Agree Agree Disagree Strongly Disagree Comments 17. Teachers assign meaningful homework that helps students learn. Strongly Agree Agree Disagree Strongly Disagree Continents 18. School Administrators are responsive to questions and concerns. Strongly Agree Agree Disagree Strongly Disagree Comments 19. School support staff (Clerical) is responsive to questions and concerns. Strongly Agree Agree Disagree Strongly Disagree Comments 20. Students feel safe at ACES. Strongly Agree Agree Disagree Comments Strongly Disagree 21. Students have been informed of expected behavior in school activities. Strongly Agree Agree Disagree Strongly Disagree Comments 22. Students are disciplined in accordance with the Student Code of Conduct in the Parent Handbook. Strongly Agree Agree Disagree Strongly Disagree Comments 23. Parents and students have been thomugttly informed of school discipline practices. Strongly Agree Agree Disagree Strongly Disagree Comments 24. ACES is effectively teaching students basic academic skills in reading Strongly Agree Agree Disagree Strongly Disagree Comments 25. ACES is effectively teaching students basic academic skills in mathematics 26. 27. 28. 31. 32. 33. 34. Strongly Agree Agree Disagree Strongly Disagree Conunents ACES is effectively teaching students to speak and write correctly in English Strongly Agree Agree Disagree Strongly Disagree Comments ACES is effectively teaching students to use computers Strongly Agree Agree Disagree Stxongly Disagree Comments ACES is effectively teaching students to investigate problems in science Strongly Agree Agree Disagree Strongly Disagree Comments Students have tasty, nutritious lunch options daffy. Strongly Agree Agree Disagree Strongly D/sagree Comments My child is happy at the Chzrter School. Strongly Agree Agree Disagree Strongly Disagree Comments I would recommend the Chaxter School to a friend. Strongly Agree Agree Disagree Strongly Disagree Comments I belong to the Parent Teacher Organization (PTO) YES NO I intend to re-enroll my child for the 2004-2005 academic year. __YES __NO If response to 33 is no, please give reason(s). Please fill in the blanks: Name (optional) My child is in the AdditionalComments grade. I reside in dry. Please return survey in envelope provided by June 15, 2004. Charter Schools USA appreciates your feedback and cooperation. Thank you!