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HomeMy WebLinkAbout4th Amendment 12/10/2025 Amendment #4 to the Consulting Agreement THIS AMENDMENT to the Consulting Agreement dated the 24t" day of September 2025, is entered into on this 28th day of October, 2025 by and between the 3406 North Roosevelt Boulevard Corporation d/b/a Visit Florida Keys (Client or VFK), a corporation incorporated in the State of Florida and William A. Hanbury, Academy Street Collaboration, LLC (Consultant). WHEREAS, there was an Agreement dated September 24, 2024, for a term from September 17, 2024 to January 17, 2025, between the parties for the Consultant to provide consulting services to the Client; and WHEREAS, there was a First Amendment to correctly reflect Client's corporate name and a Second Amendment entered into on January 13, 2024 to extend the Agreement to June 5, 2025, and to expand the scope of consulting services to the client; and WHEREAS, there was a Third Amendment entered into on May 22, 2025 to extend the term to October 6, 2025, and to expand the scope of consulting services to the client; and NOW THEREFORE, it has become necessary to amend the Agreement again to extend the consulting services scope for an additional four months from October 6 6, 2025, to February 6, 2026. NOW THEREFORE, in consideration of the mutual covenants contained herein, the parties agree to amend the Agreement as follows: 1. The Consultant Deliverables and Services Provided shall be revised to include the following new deliverables and services and the continuation of services as set forth below for the term of October 6, 2025 to February 6, 2026: 1) In consultation with the VFK's CEO, the Consultant will author, present and record four new modules to the VFK's Training Days Program for all VFK employees over the four-month assignment. The proposed new modules include: 1) Adapting Organization-Wide Al Solutions 2) Florida Keys Tourism 1 Sustainability and Regeneration, 3) Data and Creativity...the Alchemy Comprising of the FY2025-26 Advertising Plan, 4) Implementing VFK's Brand Architecture. For each session the Consultant will collaborate with VFK staff experts on these topics. 2) Working in concert with the VFK's CEO and Executive Vice President, the consultant will design a Proposed Incentive Program for VFK employees to potentially implement in FY2026-27. This Plan would reflect the strategic requirements of the Florida Keys as a world class destination, and the needs of VFK's valued employees. The program would motivate employees to achieve both organizational goals (mutually shared by the VFK team) and personal individualized goals (specific to their scope of responsibility). The primary objective of the Incentive Plan is to retain and attract highly skilled employees, while ensuring compensation policies are transparent, fair, and aligned with Destination Marketing Organizations (DMO) best practices. 3) The Consultant will complete the authoring of additions/revisions to the TDC Operations Manual. Further, the Consultant will guide these additions/revisions through the TDC and BOCC approval process. The Consultant will provide full transparency on any changes from current to proposed verbiage using "track change" document formatting. The changes to be proposed are required to comply with both the Destination Marketing Accreditation Program (DMAP) accreditation standards and DMO best practices. With this task accomplished, the Consultant will also author additions/revisions to the VFK's Policies & Procedures to comply with DMAP and industry best practices. The Consultant is collaborating with Karie Lindpere and Ammie Macham on this initiative. 4) The consultant will review DMO best practices to recommend possible additions/revisions to board governance topics currently residing within the TDC Operations Manual. The consultant will work cooperatively with VFK's CEO and Chairperson to develop these proposed governance revisions and additions. This project will include a review of other Florida-based DMOs and USA-based competitive-set DMOs as a reference concerning board governance standards. 2 5) In collaboration with the Chairperson and VFK's CEO, the Consultant will complete the final requirements relative to the TDC/VFK Remediation Plan originally developed by in the Cherry Bekaert Risk Assessment and the four County Audits. This also includes completing the implementation of the Florida Ethics Institute's TDC/VFK Policies and Procedures recommendations. 6) The DMAP accreditation process is led by Kaire Lindpere. The Consultant will support the DMAP accreditation process in three specific ways: 1) authoring documents to comply with the standard; 2) advising Ms. Lindpere related to nexus of DMAP policies and industry best practices; 3) working directly with VFK staff to assure compliance with the new DMAP standards. The Consultant will continue to support this project through the submission of the documents to Destinations International, scheduled for March 2026. 7) The Consultant will continue to assist the CEO with the DestinationNEXT strategic planning process. This program is in the Final stages of completion, and the consultant will interact with DestinationNEXT Lead Consultant, Cassandra McAuley, and Ms. Lindpere through the project's conclusion. The Consultant will work with the VFK team to assure the outcomes from the Strategic Plan are executed across the organization. The Plan remains a top organizational priority. 8) The Consultant will continue to work on the following deliverables and services as outlined in the original Consulting Agreement. This includes: a) Work with the CEO regarding internal organizational structure. b) Participate in weekly senior leadership meetings and full staff meetings. c) Address short-term issues/topics as identified by the CEO, which may require resolution. d) Report to the CEO on a day-to-day basis and be part of all regular meetings regarding management strategy and tactics, either in-person or via Zoom/Teams. e) As instructed by the CEO, provide coaching and mentoring support to senior leadership. Further assist the CEO, as needed, with employee recruitment and searches by identifying and vetting perspective 3 employees. This also includes assisting with onboarding and training new employees. The upcoming Comptroller candidate vetting and employment onboarding will be a key priority during the consulting assignment timeframe. 2. TERMS OF THE AGREEMENT shall be revised to add the following: The Term of the Agreement shall be extended for a period to begin on October 6, 2025, and will remain in full force and effect until February 6, 2026, or subject to earlier termination as provided by the original Agreement. 3. The COMPENSATION shall be revised to add the following: For services rendered by the Consultant, as required by this Amended Consulting Agreement, the Client will provide compensation for the Consultant of $250 per hour for up to 60 hours per month of the Consultant's allocated time for a cost not to exceed $15,000 monthly. The total billable-hour cost of the four-month Consulting Assignment will not exceed $60,000. The Consultant will invoice the Client monthly for services previously rendered in the month. No billable time will be allocated by the Consultant for travel time to and from Key West. 4. The REIMBURSEMENT OF EXPENSES shall be revised to add the following: Estimated travel expenses for the four-month period, October 6, 2025, to February 6, 2026, will not exceed $12,000. Expenses will not be billed if not incurred. The Consultant will continue to adhere to all VFK expense provisions as required by the original agreement. 5. This Amendment shall be retroactively effective to October 6, 2025. 6. All other provisions, as noted in the original Consulting Agreement, as amended by Amendment 1, 2, and 3 remain in full force and effect. In witness therefore the parties have set their hands and seal on this day, and year first written above. 4 3406 North Roosevelt Blvd. Corporation d/b/a Visit Florida Keys By " � M '5; C Diane Schmidt 12/10/25 Date Academy Street Collaboration, LLC BY , m 1 K William A. Hanbury, Principal Date 12/10/25 5