HomeMy Public PortalAbout2018-16 Approving a letter of intent from Fastrack Institute for mobility solutionsRESOLUTION NO. 2018-16
A RESOLUTION OF THE VILLAGE COUNCIL OF THE
VILLAGE OF KEY BISCAYNE, FLORIDA, APPROVING A
LETTER OF INTENT FROM FASTRACK INSTITUTE,
INC. FOR MOBILITY SOLUTIONS; PROVIDING FOR
AUTHORIZATION AND IMPLEMENTATION; AND
PROVIDING FOR AN EFFECTIVE DATE
WHEREAS, the Village of Key Biscayne ("Village") Council is committed to improving
mobility throughout the Village; and
WHEREAS, Fastrack Institute ("Fastrack") is a Village -based private operating
foundation that collaborates with cities to find cutting edge, scalable solutions to urban
challenges; and
WHEREAS, the Village Council desires to work with Fastrack to develop ideas to
improve the Village's mobility and wishes to approve Fastrack's letter of intent attached hereto
and incorporated herein as Exhibit "A" (the "Letter of Intent"); and
WHEREAS, the Village Council finds that this Resolution is in the best interest and
welfare of the citizens of the Village.
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF
THE VILLAGE OF KEY BISCAYNE, FLORIDA AS FOLLOWS:
Section 1. Recitals. Each of the above -stated recitals are hereby adopted, confirmed,
and incorporated herein.
Section 2. Approval. The Village Council hereby approves the Letter of Intent from
Fastrack.
Section 3. Authorization and Implementation. The Village Council hereby
authorizes the Village Manager to negotiate and enter into an agreement with Fastrack consistent
with the terms and conditions of the Proposal, subject to approval by the Village Attorney as to
form, content, and legal sufficiency, and to take any action which is reasonably necessary to
implement the purpose of this Resolution.
Section 4. Effective Date. This Resolution shall be effective immediately upon
adoption.
PASSED and ADOPTED this 24th day of April, 2018.
ATTEST:
J IFERMEDINA..'CMC
4
VILLAGE CLERK
APPROVED AS TO FO1' i AND LEGAL SUFFI
VILLAGE ATTORNEY
2
MA\'O
V1
M RA PENA LINDSAY
FASTBACK
The Village of Key Biscayne
88 West McIntyre Street
Key Biscayne, FL 33149
Re: Letter of Intent for Promoting Development of Miami -Dade County
Mobility Fastrack Solutions
This Letter of Intent is made and entered into as of this day of4jf, 2018, by and
between the Village of Key Biscayne, a Florida municipal core on, with offices
located at 88 West McIntyre Street, Key Biscayne (the "Village") and the Fastrack
Institute, Inc. ("FTI"), a Florida not for profit Corporation, with offices located at 611
North Mashta Drive, Key Biscayne (Collectively, the "Parties") for the purpose of
working together to implement mobility solutions developed during the Miami Mobility
Project.
In August 2017, FTI announced the launch of the 16 -week Miami Mobility Project to
help address Miami -Dade County's transportation problems, with funding from the
Knight Foundation, Miami -Dade Expressway Authority and other various public and
private stakeholders within the County. As part of the program, FTI developed a series of
inclusive public workshops to solicit feedback from the community and launched an open
call for ideas to explore Miami -Dade mobility issues. The ideas presented were assessed
based upon scalability, originality and potential time to market.
In December 2017, the Miami Mobility Project gave its final presentation where two
teams presented their solutions for mobility challenges in Miami -Dade County and
provided prototype versions of technology for community testing. FTI desires to work
with the Village and explore opportunities in which such technology may be tested within
the Village (the "Project").
The Project aims to incentivize people to leave their cars at home. The primary goal of
the Parties is to move people on and off the island in a fast and safe manner, which is in
equal or greater comfort to their own cars. In order to accomplish this goal, Village
residents, visitors and businesses will be able to utilize one of the Project's mobility
solution apps, which provides for monetary, point or cryptocurrency token awards for
using an identified transit option on and off the island. After implementation, the Parties
will measure the impact of the Project on mobility issues within the Village (decreasing
number of cars on Village roads, increasing ride share numbers, award distribution, etc.).
The purpose of this Letter of Intent is to outline the basis of joint initiatives to develop a
proposal(s) and work plan(s) to be submitted by FTI to the Village for the Project.
Y>/
fastrackinst Lute cr
>>/
FASTBACK
1. SCOPE OF INITIATIVE
The scope of the joint initiative of the Parties regarding the Project will be identified and
mutually agreed to following the signing of this Letter of Intent in an Agreement to be
executed by both Parties. Both parties will agree to the following steps as part of the
Project:
• The Parties will jointly agree on a work plan for pursuing the goal(s) of the Project,
which will set out the respective roles, responsibilities and accountabilities of the
Parties.
• The Parties will keep each other informed about preparations for, timing and status of
any interviews, presentations and contract negotiations related to the companies that
may assist in the implementation of the Project.
• Potential collaboration efforts include FTI and the Village facilitating the trial of the
Project to residents, visitors and businesses in the Village, and supporting the launch
and/or event(s) as related to the Project go -to -market strategy.
2. SCHEDULE
The schedule of the joint initiative covered in this Letter of Intent will be carried out as
further provided in an Agreement to be entered into between the Parties.
3. BASIS OF JOINT EFFORTS
This is merely a Letter of Intent. It is not intended to be binding upon either Party until
such time as the Parties enter into a formal legally binding Agreement subject to the
approval of both Parties.
4. CONDUCT OF BUSINESS
Our joint efforts will in no way restrict or encumber either Party in the normal conduct of
their respective businesses except regarding potential clients or projects specifically
identified by the Parties or which would be in conflict of interest with the subject matter
of the Project and this Letter of Intent.
5. SIGNATURES
The signatures of both Parties below confirm their understanding of the joint efforts
which they will carry out in accordance with this Letter of Intent. It is hereby agreed that
this Letter of Intent may be executed in counterparts and/or by either Party via email or
facsimile, each of which shall be considered an original.
Y>/
fastrackinst tute crg
FASTBACK
Name: Rodrigo Arboleda
Title: Executive Chairman
Board of Directors
am
itle:
D• te:
Vi l of Key ' isca
44(14.c. Cr6.,r PeEb-oc-dt-)
Name: Pascal Finette
Title: Executive Director
Fastrack Institute Inc.
>>/
fastrackinstltute org