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Item G1 TIME CJ'~RT AIN 9:30 A.M. OOARD OF COUNTY COMMISSIONERS AGI!:NDA ITEM SUMMARY M~etin8 Date: 12/20/01 Di\lision:~ur McCoy Bulk Item: Yes No x Departmenl: llOCC-3 AGENDA ITEM WORDING: To accept new or relevant information concerning the Key Largo Artilicial Reef/Spiegel Grove project and reporting on finding!; of transferring the obligation. ITEM BACKGROUND: PREVIOUS RF.LEV ANT ooce ACTION: At the ROCC meeting ofNo\lcmber 21, 2001 the Commissioners approved acting liS guarantor for the above retcrcnced pn~ieet. CONTRACT/AGREEMENT CHANGES: STAFF U.ECOMMI!:NDA TION: TOT AL COST: UunGETED: Yes No - - COST TO COUNTY: REVF.NUE PRODUCING: Yes No AMOUNT PER MONTH YEAR DIVISION DIRECTOR APPROV AI.: APPROVED BY: County AUy _ OMB/Pw'chnsing___Ri Mllyor e DOCUMENTATION: Included: To Follow:_ Not Required:_. DISPOSITION: AGENDA ITEM #I ~-&-/ 10'd 100'oN L~:Ol 10.01 J3G :G1 Spiegel Grove The USS Spiegel Grove is a 510-foot Landing Ship Dock (LSD 32). The Spiegel Grove (SPG) is named after the home and estate in Fremont, OH, of Rutherford B. Hayes, the 19th President of the United States. The SPG was launched in November 1955 and commissioned in June 1956. After many years of service, the SPG was decommissioned in 1989 and, from that time until late 1996, rested as part of the "mothball fleet" in the James River in Newport News, VA.. The Key Largo Chamber of Commerce SPG Effort In the late 1980's, the Key Largo Chamber of Commerce established an Artificial Reef Committee. One of the main objectives of this Committee was to be the pilot area to secure decommissioned boats for sinking as reef alternatives. In the Keys, we recognize the precious marine environment as being fragile and while we want to maintain our existing natural reefs, we also want to serve the growing dive industry. In creating the SPG site, we serve to provide an alternative to reef diving with an historical attraction. The SPG will be the largest boat sunk for these purposes. The boat will sit approximately 5.5 miles off Key Largo near the Dixie Shoals, the water depth will be somewhere in 125-130 foot range and the top of the superstructure will be positioned only 40 feet below the surface, allowing this to also be a marine attraction for snorkelers. In June 2001, we had a milestone achievement in that the SPG was moved from the James River Estuary to allow commencement of the required clean up. LAST STAND "Prote ng the Keys" December 18,2001 Monroe County Commission 3117 Overseas Highway Marathon, FL 33050 Dear Mayor McCoy and County Commissioners: Last Stand would like to take this opportunity to thank you for revisiting the decision to allocate $300,000 of wastewater management funding to cleaning up the Spiegel Grove. We would hope that wastewater management funding be used for wastewater projects and that other funding be found to complete the Spiegel Grove project. We would certainly endorse the use ofTDC funding for this purpose. We share your commitment to improving near and off-shore water quality through effective wastewater management and commend you on your efforts toward that end. Respectfully, George Hurd Executive Director For the Board of Directors P.O. Box 146, Key West, FL 33041 phone: 305.296.3335 fax: 305.768.0525 Website: last-stand.org email: admin@last-stand.org Business Plan for the SinkinQ of the USS SpeiQel Grove !b! The Kev Larao Chamber of Commerce Artificial Reef Committee Business Plan for the Sinking of the Spiegel Grove Executive Summary The USS Spiegel Grove (SPG) is a 510-Foot Landing Ship Dock (LSD 32). The SPG is named after the home and estate in Fremont, OH of Rutherford B. Hayes, the 19th President of the United States. The SPG was launched in November of 1955 and commission in June of 1956. After many years of service, the SPG was decommissioned in 1989 and from that time until just a few months ago, rested as part of the "mothball fleet" in the James River in Newport News, VA. It is now destined to become the largest vessel ever sunk for the purposes of creating an artificial reef. After a 6-year effort to raise funds and clear government regulation by the Key Largo Chamber of Commerce (KLCOC), the SPG was moved to the shipyard of Accurate Marine to be prepared for scuttling in June of 2001. The KLCOC contracted with a Company by the name of Ocean Reefs International (ORI) to do the work. Due to some inaccurate estimates of the ship contents and a lack of assets, ORI has been unable to fulfill its obligations per the contract. KLCOC must now negotiate a new contract for cleaning and pay outstanding expenses left unpaid by OR!. Based on a review of bids by available contractors and the current debts for work already completed, the KLCOC needs to secure total funding of $1 million for completion of the project. Currently the project has funding commitments of: · $260,000 Grant from TOG DAC 5 to be paid upon the vessels sinking · $300,000 Grant from Monroe County Capital Improvement funds to be paid upon the Dive Industry expending $300,000 of its own moneys. · $250,000 Loan guarantee from Holiday Diver · $ 50,000 Loan guarantees from Quiesence, Sea Dwellers, Keys Divers and Ocean Divers. Therefore the project will need additional funding in the amount of $132,000 in the form of unsecured bank debt or additional loan guarantees. The KLCOC seeks to secure a bank loan in the amount of $1 million to insure the completion of this project. This loan would first be used to satisfy advances made by First State Bank to date in the amount of $140,000. The remaining funds would be used to pay for project costs needed to complete the cleaning of the vessel, provide insurance for all phases, tow the vessel to the reef site, and scuttle the vessel on site. The first $568,000 of this loan would be repaid upon the vessels sinking from grants made by the TOG and Monroe County. The remaining $462,000 would be paid back with interest through funds raised by selling dive medallions to visitors of the Upper Keys Artificial Reefs. Pay back of this amount is estimate to take approximately 4 years. Project History The Spiegel Grove Artificial Reef Project evolved from the overwhelming success of a pair of 327-foot US Coast Guard cutters that were intentionally sunk as dive attractions off Key Largo in 1987. The BIBB and DUANE proved to be incredibly popular dive destinations, and of major benefit to the local tourist economy. The dive industry hoped to replicate this success with something even bigger and better, the 512-foot LST SPIEGEL GROVE. With the support of the KLCOC through its Upper Keys Artificial Reef Committee, a new project was begun in the early 1990s. So in 1994, with a desire to secure another military vessel for this initiative, organizers visited the James River (VA) Reserve Fleet to find a suitable vessel. Given its immense size and multiple decks, the SPIEGEL GROVE was clearly the best ship available. Plans began in earnest to make this dream reality. That meant securing funding, and obtaining the ship's release from the Maritime Administration, as well as satisfying the various local and federal agencies tasked to assure the ship is absolutely free of potential pollutants once it is sunk. Initial funding for the project came from $90,000 in local dive industry fund raising in Key Largo, a $260,000 stipend from the Monroe County Tourist Development Council (payable once the ship is sitting on the bottom). This funding initiative was completed in 1997. The Upper Keys Artificial Reef Association then moved forward with the Environmental Protection Agency (EPA) to satisfy their concerns and an approved plan of action was instituted. After 5 years of testing and extensive paperwork, ownership was finally transferred to the state of Florida and then Monroe County in early 2001. A cleaning and preparation contract was awarded to Ocean Reefs Inc. that feel within the budget of $370,000 and the vessel was moved to the dock facility at Accurate Marine's Virginia shipyard where all work was to proceed. Unfortunately, Ocean Reefs Inc. failed to perform their obligations under contract, and at present the ship sits at the dock, the project approximately 40% complete. The KLCOC artificial reef committee has expended $230,000 of its original funding ($90,000 in cash and $140,000 advanced by First State Bank of the Keys) to get the ship to where it is now. Another $870,000 and approximately 100 days of work are deemed necessary to finish the project and prepare the SPIEGEL GROVE for her final assignment as the world's premier wreck dive, just 6 miles offshore in the waters of the Key Largo National Marine Sanctuary. In order to meet these additional funding requirements, the Key Largo Dive industry and the KLCOC have developed a new funding plan that is detailed below. This funding is highlighted by an additional contribution from Monroe County in the amount $300,000 and an additional $300,000 from local dive industry sources (to be repaid from sales of dive medallions as annual fees to access these artificial reefs.) Therefore, the project currently has $860,000 in funding commitments and current debt of $140,000. Current Condition of Vessel On November 18, 2001 the KLCOC requested that Barry Chambers from Port Isabel, Texas provide a thorough review of the vessel for gauging further work that is to be completed. Mr. Chambers is a retired coast guard commanding office with 20 years of service and an additional 22 year of vessel salvage experience since retiring from the Coast Guard. Mr. Chambers currently serves as the senior manager of Shipbreaking Limited, the largest salvage and cleaning company for ships in the United States. Based on Mr. Chamber's tour of the vessel, he estimates that cable and gasket removal is approximately 50% complete, tank cleaning is 0% complete, asbestos work is 0% complete, and general vessel preparation is 0% complete. Overall, he estimates the job to be around 40% complete. Therefore, the KLCOC has sought bids from several contractors to complete the preparation of the vessel according the standards set prior to its move to the Accurate Marine ship yard. These standards are documented in the "PCB Work Plan" document prepared by Environmental Profiles, Inc. and approved by the EPA. This document is attached as Exhibit C. Currently, it is estimated that the remaining work will take approximately 100 days to complete once it commences. Economic Benefit to Community As the Key Largo area economy is almost entirely tourist based, this project represents a capital improvement for the community that is expected to provide significant economic benefit both immediately and in the long term. In order to quantify these benefits, Monroe County along with Miami-Dade, Broward, and Palm Beach Counties; the Florida Fish and Wildlife Conservation Commission; and NOAA conducted a study of the socioeconomic benefits of both the natural and artificial reefs of South Florida. This study was completed in October of 2001 and indicates a strong correlation between reefs and the economic activity generated from their existence. "The total economic contribution of the reefs to each (South Florida) county is the contribution of reef-related expenditures to county sales, income, and employment. As residents and visitors spend money in the county to participate in reef-related recreation, income and jobs are created within the county as a result. Economic contribution includes the direct, indirect and induced effects of visitor spending and the direct effects of the resident spending.,,1 1 Socioeconomic Study of Reefs in Southeast Florida, October 19, 2001, Hazen and Sawyer Environmental Engineers & Scientists, Page. ES-4 According to this study, the current artificial reefs in Monroe County produce $127 million in sales and $33 million in income annually while supporting 2,000 jobs. This $127 million in sales represents over $1.9 million in county discretionary sales tax generation on an annual basis. Based on this, we conservatively estimate that the addition of the Spiegel Grove to the artificial reefs of Monroe County will generate a 20% increase in artificial reef related recreational activity (San Diego, CA area has reported increases of 30% to 40% from the July 2000 sinking of the Yukon.2) This increase should produce additional sales of $25.4 million and additional income of $6.6 million while creating 400 new jobs. In addition, this project should add an additional $380,000 per year to the County Discretionary sales tax collections as well as substantial growth to bed taxes and other tourist related tax generation. It is the opinion of the KLCOC that the study commissioned by Monroe County supports the assumption that the sinking of the Spiegel Grove is a project of vital interest to businesses and the citizens of Monroe County who depend on tourist activity to support themselves and their families. It is for this reason that the KLCOC has invested six years and significant resources to insure the creation of the largest artificial reef in the world. Financing Plan Based on the fact that the current budgets and plans regarding the sinking are inconsistent with the facts of the situation, the KLCOC must re-finance this entire project. It is estimated the project will require $1,160,000 to complete including the payback of $140,000 advanced by First State Bank to date. See costs estimates and contractor bids for completion of the project in Exhibit A. KLCOC is requesting a new $1,160,000 line of credit with Lender(s) and should be handled with a single bank acting as the lead lender. The lead bank may choose to accept the risk of the entire debt or may want share the risk with one or more other local banks. Due to First State Bank's ongoing commitment and dedication to this project, their support shall be sought first. The KLCOC shall also review proposals from TIB Bank of the Keys and Community Bank to gauge additional bank interest. The acquisition of this line of credit is crucial to getting this project moving forward quickly. The project has grants totaling $560,000 which can not be accessed until the project gets moving and without a reliable source of funds when needed the project costs could spiral as we are always "waiting to get the 2 It is anticipated that the use of the artificial reefs could go up by as much as 33% based on the experiences of dive trip operators in San Diego based on the July 2000 sinking of the Yukon. (See article at ABCNews.com from September 12, 2000 entitled "San Diego Dives.") Therefore we believe that our numbers are very much under stated. check." This projects successful completion relies upon ready availability of money. This loan currently has grants and guarantees to cover $860,000. Therefore, the KLCOC should anticipate rounding up an additional $300,000 in loan guarantees or the bank(s) may need to accept a portion of the loan as unsecured. The loan should feature a draw schedule approximately as follows: 1. $140,000 At closing to payoff current line of credit with First State Bank to be unsecured. A solid contract including bonding of the contractor to be completed prior to closing. 2. $50,000 At closing to fund immediate consulting and legal fees necessary to get the project moving again. This advance to be guaranteed by $10,000 each by Sea Dwellers, Keys Divers, Quiesence, Ocean Divers, and Holiday Diver. 3. $260,000 Upon release of the vessel from the Accurate Marine yard in order to fund obligations of the vessel for work performed on behalf of OS!. At this time the guarantees of all dive operators shall become effective to securing the loan. 4. $510,000 Advanced as required to meet the financial obligations spelled out in the cleaning contract. 5. $100,000 Advanced to meet the financial obligations as spelled out in the towing contract. 6. $100,000 Advanced upon vessel's arrival at the reef site to meet any costs for final sinking. The line of credit shall be paid back as follows: 1. $300,000 Monroe County will pay from its Capital Improvement fund upon the dive community expending its matching funds of $300,000. It is anticipated that we can apply for these funds during the cleaning process, but do not expect to receive payment for some time. It is possible that the County could withhold funding until the ship is scuttled and needs to be considered in the pay down scenario. 2. $260,000 The TOe will pay upon the vessels sinking. 3. $600,000 The remaining project costs as estimated should be converted into a term loan with a 120-month pay back upon the sinking of the vessel and the receipt of all grants. This term loan will be paid from the sales of medallions as a voluntary user fee from guests visiting the artificial reefs of the Upper Keys. Term loan should have no prepayment penalties as it is estimated that Medallion sales can extinguish this debt in approximately 5 years. See the medallion sales plan below and the repayments schedule show as Exhibit B. Medallion Sales This portion of the plan is crucial to securing the final loan guarantees necessary to make up the difference of $600,000 between the $560,000 in grants and $1,160,000 project cost. The major guarantor of this balance (Holiday Diver at $250,000) requires this plan in order to insure that there is a likelihood of repayment of the debt that they will guarantee. The local dive operators estimate that 30,000 divers annually visit the current artificial reefs of the Upper Keys.3 As a group, the dive operators of the Upper Keys have all committed to purchasing and reselling a dive medallion to ALL their guests that will be diving the Spiegel Grove, Bibb, Duane, or Eagle wrecks. In addition, each dive operator has signed on to purchase a minimum number of medallions for re-sale each of the next 3 years. This minimum is currently over 15,0004 per year or about % the current number of divers that dive the current wrecks. These medallions will be sold for $10 to each diver and will entitle that diver to dive the artificial reefs for a1 year period. The medallions are estimated to cost the KLCOC approximately $2 each to purchase and distribute netting about $8 per medallion sold. The medallion sales should generate a minimum of $120,000 per year in moneys for use in the repayment of debt and to fund the sinking of additional vessels in the future. Additionally, the KLCOC plans to offer a limited number of "lifetime" medallions for $100. This medallion will offer the purchaser a lifetime pass to dive all the artificial reefs of the Upper Keys for as long as the owner keeps the medallion. These medallions will cost approximately $10 each to manufacturer and distribute. A limited number of 1,500 of these medallions will be produced in order to generate $135,000 of funds for repayment of debts related to the Spiegel Grove Sinking. Rodale's SCUBA diving has agreed to promote both the medallions in its magazine and web-site. Divers Direct will fulfill these orders through the mail. Based on the cash generation of $135,000 in year one from life-time medallion sales and $70,000 in year one from one-year medallion sales and $120,000 per year in annual medallion sales after year one, the $600,000 debt will be extinguished in 64 months. 3 This estimate is based on diving 250 days per year, 6 boats visiting wrecks per day, 20 divers per boat. This is less than 30% of the capacity of boats that run to the wrecks of the Upper Keys. It is anticipated that the use of the artificial reefs could go up by as much as 33% based on the experiences of dive trip operators in San Diego based on the July 2000 sinking of the Yukon. (See article in ABCNews.com from September 12,2000 entitled "San Diego Dives.") Therefore we believe that our numbers are very much under stated. 4 As of 12/17/01, the KLCOC has signed commitments from 27 dive operators for 15,080 medallions. The 15,000 of estimated sales represents less than 50% of the number of divers expected to visit Upper Keys wrecks per year. See signed commitments in Exhibit D) Exhibit A Project Completion Costs Spiegel Grove Sinking Project Business Plan Exhibit A COST ESTIMATES Accurate Marine Bay Bridge Enterprises Phase 1 - Get control of Situation Legal & Consulting Fees to clear from dock and craft new contract Costs to Accurate for work previously completed. Travel and Miscellaneous 15,000.00 20,000.00 211,603.00 (2) 211,603.00 (1 ) 4,000.00 4,000.00 230,603.00 235,603.00 160,000.00 (2) 136,000.00 (4) 425,818.00 (2) 332,000.00 (4) 25,000.00 (3) 25,000.00 (3) 5,000.00 5,000.00 (4) 615,818.00 498,000.00 10,000.00 (5) (4) 90,000.00 (6) 90,000.00 (6) 5,000.00 5,000.00 5,000.00 5,000.00 10,000.00 (6) 10,000.00 (6) 120,000.00 110,000.00 10,000.00 10,000.00 1,000.00 1,000.00 15,000.00 (7) 15,000.00 (7) 26,000.00 26,000.00 992,421.00 869,603.00 140,000.00 140,000.00 150,000.00 150,000.00 1,282,421.00 1,159,603.00 (560,000.00) (560,000.00) 722,421.00 599,603.00 Phase 2 - Complete c1eanina of shio Cleaning of Tanks and Removal of all Oils & Gases Clearing of PCB/Asbestos & providing clearance of 40 ft. Consulting and Legal Travel and Miscellaneous Insurance (Based on Amount paid by ORI) Phase 3 - Move Ship to Key Laroo Prep Ship for Move (props, Rudders, drain water, etc.) Towing Costs Consulting and Legal Travel and Miscellaneous Transportation Insurance Phase 4 - Sink the shio at site Anchorage costs Transportation to and from Ship Sinking Costs TOTAL COSTS TO COMPLETE THE SINKING Current Debt Due to First State Bank Allowance for potential debts of ORI TOTAL PROJECT COSTS Amounts paid upon Sinking Total Amount Financed (1) Based on bid provided by Buzz Darrow of Accurate Marine to KLCOC attorney Bob Blanck on 12/18/01 (2) Based on bid provided by Buzz Darrow of Accurate Marine to KLCOC attorney Bob Blanck on 12/18/01. Accurate Marine provided price to complete of $756,621. We assumed $211,603 for costs to date, $160,000 for Oil & Gas work. The remainder was assumed to be for PCB work. We added $40,000 for removal of crains and smoke stacks to keep vessel under 40 feet upon sinking (which work was included in Bay Bridge Quote.) (3) Project oversite of 20 hours per week x 15 weeks x $60/hour plus potential legal fees (4) Amounts included in Bay Bridge Quote of December 13, 2001. (5) Not included in Accurate Marine Quote. (6) A final price for this can not be obtained until two weeks before move due to variance in fuel pricing and Insurance. These numbers are high estimates per information provided by Towing contractors (7) Estimate based on need to either pay for Navy SEAL travel costs or a sinking contractor. Could be lower with SEALs. Exhibit B Amortization of Loan after all advances from Monroe County and TOC. Pay-off based on expected collections from the sales of Medallions. Spiegel Grove Sinking Project Business Plan Exhibit B Loan Pay-off in months at a interest rate of: 8% Opening Remaining M.lm.tb ~ lntm.it Pay-Down ~ 1 599,603.00 3,997.35 (10,000.00) 593,600.35 2 593,600.35 3,957.34 (20,000.00) 577,557.69 3 577,557.69 3,850.38 (30,000.00) 551,408.07 4 551,408.07 3,676.05 (35,000.00) 520,084.13 5 520,084.13 3,467.23 (25,000.00) 498,551.35 6 498,551.35 3,323.68 (20,000.00) 481,875.03 7 481,875.03 3,212.50 (15,000.00) 470,087.53 8 470,087.53 3,133.92 (10,000.00) 463,221.45 9 463,221.45 3,088.14 (10,000.00) 456,309.59 10 456,309.59 3,042.06 (10,000.00) 449,351.65 11 449,351.65 2,995.68 (10,000.00) 442,347.33 12 442,347.33 2,948.98 (10,000.00) 435,296.31 13 435,296.31 2,901.98 (10,000.00) 428,198.29 14 428,198.29 2,854.66 (10,000.00) 421,052.95 15 421,052.95 2,807.02 (10,000.00) 413,859.96 16 413,859.96 2,759.07 (10,000.00) 406,619.03 17 406,619.03 2,710.79 (10,000.00) 399,329.82 18 399,329.82 2,662.20 (10,000.00) 391,992.02 19 391,992.02 2,613.28 (10,000.00) 384,605.30 20 384,605.30 2,564.04 (10,000.00) 377,169.34 21 377,169.34 2,514.46 (10,000.00) 369,683.80 22 369,683.80 2,464.56 (10,000.00) 362,148.36 23 362,148.36 2,414.32 (10,000.00) 354,562.68 24 354,562.68 2,363.75 (10,000.00) 346,926.43 25 346,926.43 2,312.84 (10,000.00) 339,239.28 26 339,239.28 2,261.60 (10,000.00) 331,500.87 27 331,500.87 2,210.01 (10,000.00) 323,710.88 28 323,710.88 2,158.07 (10,000.00) 315,868.95 29 315,868.95 2,105.79 (10,000.00) 307,974.74 30 307,974.74 2,053.16 (10,000.00) 300,027.91 31 300,027.91 2,000.19 (10,000.00) 292,028.09 32 292,028.09 1,946.85 (10,000.00) 283,974.95 33 283,974.95 1,893.17 (10,000.00) 275,868.11 34 275,868.11 1,839.12 (10,000.00) 267,707.24 35 267,707.24 1,784.71 (10,000.00) 259,491.95 36 259,491.95 1,729.95 (10,000.00) 251,221.90 37 251,221.90 1,674.81 (10,000.00) 242,896.71 38 242,896.71 1,619.31 (10,000.00) 234,516.02 39 234,516.02 1,563.44 (10,000.00) 226,079.46 40 226,079.46 1,507.20 (10,000.00) 217,586.66 41 217,586.66 1,450.58 (10,000.00) 209,037.23 42 209,037.23 1,393.58 (10,000.00) 200,430.82 43 200,430.82 1,336.21 (10,000.00) 191,767.02 44 191,767.02 1,278.45 (10,000.00) 183,045.47 45 183,045.47 1,220.30 (10,000.00) 174,265.77 46 174,265.77 1,161.77 (10,000.00) 165,427.54 47 165,427.54 1,102.85 (10,000.00) 156,530.39 48 156,530.39 1,043.54 (10,000.00) 147,573.93 49 147,573.93 983.83 (10,000.00) 138,557.76 50 138,557.76 923.72 (10,000.00) 129,481.47 51 129,481.47 863.21 (10,000.00) 120,344.68 52 120,344.68 802.30 (10,000.00) 111,146.98 53 111,146.98 740.98 (10,000.00) 101,887.96 54 101,887.96 679.25 (10,000.00) 92,567.22 55 92,567.22 617.11 (10,000.00) 83,184.33 56 83,184.33 554.56 (10,000.00) 73,738.89 57 73,738.89 491.59 (10,000.00) 64,230.48 58 64,230.48 428.20 (10,000.00) 54,658.69 59 54,658.69 364.39 (10,000.00) 45,023.08 60 45,023.08 300.15 (10,000.00) 35,323.23 61 35,323.23 235.49 (10,000.00) 25,558.72 62 25,558.72 170.39 (10,000.00) 15,729.11 63 15,729.11 104.86 (10,000.00) 5,833.97 64 5,833.97 38.89 (10,000.00) (4,127.13) Exhibit C Document on cleaning Standards PRiOPOSED PCB WORK PLAN Removal of Electrical Cable & HV A C System Gaskets ex':'USS $piegel Grove (LSD-32) Prepared for: Upper-Keys Artificial Reef Coordinating Committee Key L,!rgo, FL 33037 20 July 2000 Prepared by: ESCO MARINE 6665 E. 14th Street Brownsville, TX 78520 956-831-4531 956-831-3142 Fax Proposed PCB Work Plan Ex-USS Spiegel Grove (LSD-32) 20 July 2000 Page 2 Purpose: ThepuIpose-of this plan is to outline the strategy to be used for the removal of all electrical cable and wire,~d ventilation system gaskets from the ex-USS Spiegel Grove (LSD 32). The ex-USS Spiegel Gr<?ve is destined for sinking in the Florida Keys for use as an artificial reef. This plan was developed based on several of the guidelines provided by the Environmental Protection Agency's (EPA's)30 November 1995 Interim Final Policy, "Sampling Ships for PCB's Regulated for DisposaL" Methods for cable and gasket removal are based on the historical experience of ESCO Marine in performing similar removals on numerous other vessels. In addition to cable, wire, and HV AC system gaskets, any equipment, apparatus, or other item that has been labeled as "PCB" will also be removed. For the purposes of this plan, the term PCB or PCB's refers to electrical cable and wire, and ventilation system gaskets. Reporting: F or purposes of recordkeeping, the following information will. be provided to the EP A Regional PCB Coordinator: 1. The date the vessel will be moved from is present location to the location where PCB removal will occur. 2. The 10cationCs) of storage and PCB removal. 3. The date the vessel arrives at the location selected for PCB removal. 4. The proposed time period for PCB removal and any storage of PCB's on site. 5. The business address and telephone number of a responsible party from the PCB removal company who can provide information on the status of the PCB removal activities. The information required by Items 1-5 above may be found in Attachment 1 at the end of this plan. At least thirty calendar days before starting the PCB removal activity, ESCO Marine will provide the EP A Regional PCB Coordinator with the following: ..}~- A map showing the location of the vessel berthing facility and PCB storage location. 2. A schedule of compartments aboard the vessel from which PCB's will be removed. 3. The schedule for removing PCB's from the vessel, including: a. the estimated date that all PCB's will be removed from the vessel, ~ ~ ,...:~-" ;..,~ Proposed PCB Work Plan Ex-VSS Spiegel Grove (LSD-32) 20 July 2000 Page 3 b. the estimated date that all PCB's which are removed from the vessel and placed in storage will be removed from storage and sent for disposal, and c. the disposal method and company to be used for disposal. The information required by Items 1-3 above may be found in Attachment 2 at the end of this Plan. Regulatory Agencies The US EPA regulates the removal and disposal of PCBs under the Toxic Substances Control Act (TSCA) Section 6(e) and 40 CFR part 761. The following activities are covered: . Labeling · Removal of PCB Contaminated Items · Storage of PCB Items for Disposal · Disposal of PCB Items · Records and Reports ESCO Marine does not intend to store PCBs at the removal site for longer than 30 days. However, in the unlikely event that PCBs are stored at the site for more than 30 days, proper notification will be given to the EP A Regional PCB Coordinator. Marking Requirements: 40CFR 761.40 Pursuant to the requirements of 40 CFR part 761.40, the following items will be conspicuously marked and/or labeled: 1. PCB containers. 2. PCB article containers. Storage of PCB Items for Disposal: 40CFR 761.65 All PCB items removed for disposal will be kept on the vessel in such a manner as to conform to current Temporary Storage Facility Requirements. PCB items removed will be inventoried, labeled and documented as to the date removed from the vessel and shipped for disposal. PCB items removed from service for disposal will be taken directly from service to an appropriate transportation container for disposal. Removal of Cable and Wire: All cable and wire will be removed from the vessel and will be presumed to be PCB-containing. This decision was made since the sampling and analytical costs to determine which cable and wire is regulated exceeds the economic benefit from identifying and segregating regulated and non-regulated cable and wire. All cable and wire will be removed by mechanical means. Cable and wire will be sliced into lengths of approximately 50 to 75 feet using hydraulic cutters. All cable and wire hangers will Proposed PCB Work Plan Ex-USS Spiegel Grove (LSD-32) 20 July 2000 Page 4 be torch cut, as will the areas where the cable and wire penetrate bulkheads, to allow the cable and wire to be pulled from the respective deck area by means of a winch. Once removed from the vessel, the cable and wire will be sent to a cable shredder for metal recovery. Process waste (fluff) will be disposed of as municipal waste in accordance with the EPA's PCB Mega-Rule. Removal of HV AC System Gaskets: All HV AC system gaskets will be removed from the vessel and disposed of as bulk product waste. In addition, all system ductwork will be torch cut and removed. No torch cuts will be made within six (6) inches of any system gaskets. Gaskets will not be removed from the duct flanges, but instead, the entire flanged gasket and section of duct will be subjected to one of two options. Option 1 will involve transporting the ductwork to a smelter meeting the definition of 40 CFR 261.10. Option 2 will involve transporting the ductwork and gaskets to an aluminum shredder for metal recovery. The non-metal by-product produced from shredding will be disposed of as municipal waste in accordance with the EPA's PCB Mega-Rule. Removal of Additional PCB Items: Additional items that have been previously labeled as "PCB" containing by the US Navy and/or the Maritime Administration will also be removed. These items include, but are not limited to, electronic components located in the CIC, radio room, and radar operations room. Electrical components labeled "PCB" will be removed in their entirety to the extent possible. The disposal methodes) used for these items will be determined by testing and analysis of the component(s) subsequent to removal. Additional Recordkeeping: ESCO Marine will establish and maintain records on the storage and disposition of all PCB's and PCB items removed from the vessel. For PCB containers, these records will include the container contents, estimated PCB concentrations (ppm), the container's total volume, unique identification number, the date the container was placed in transport for disposal, and the date disposed of, if known. These records will form the basis of a required" Annual Records Report" to be prepared by ESCO Marine. The records and documents will be maintained for at least 5 years after the facility ceases storing PCB's and PCB items. An annual document will be prepared by July 1 of each year. This "PCB Annual Document and Worksheet" will be completed by July 1 of each year and maintained at the facility and made available for inspection by representatives of the EP A during normal working hours. The operator of the facility will know the location of the records. Also kept with the annual document will be a signed manifest from the generator for any PCB contaminated items sent for disposal. Certification of Removal: :.~: ' ~~~~. ---- .~ . ~~'.:").F~- ,,' .:", ,;'f'W-'>' t-;;.- ::f ~_~.. ';;'i./,,;,i' Proposed PCB Work Plan Ex-USS Spiegel Grove (LSD-32) 20 July 2000 Page 5 The president ofESCO Marine will certify that successful removal and proper, disposal of ., PCB's and PCB items from the vessel has been accomplished. The certification will include the following statements: 1. "All known non-liquid PCB items at concentrations of 50 ppm or greater have been removed from the vessel." 'y')~' .-, '''_:~': 2. "Records and documentation of any sampling and analysis performed will be maintained for five calendar years at the scrapping location following completionofthe last chemical analysis or the day of the last PCB removal activity which ever is later. If .,,,, . ESCO Marine changes addresses or becomes part of another company, the EP A Regional PCB Coordinator will be notified of the new location where the records and documentation will be kept." 3. "Copies of all manifests signed by the first transporter for PCB waste transported for disposal is provided with this certification." 4. The certification statement will include the following language: "I certify under penalty of law that this documept and all attachments were prepared under my direction and supervision in accordance with a system designed to assure that qualified personnel properly gather and evaluate information. Based on my inquiry of the person or persons directly responsible for gathering information, the information is, to the best of my knowledge and belief, true, accurate, and complete. I am aware that there are significant penalties for falsifying information, including the possibility of fines and imprisonment for knowing violations." DATE: SIGNATURE: TITLE: Schedules and Facility Information At least thirty calendar days before starting the PCB removal activity, ESCO Marine will provide the EP A Regional PCB Coordinator with the following: 1. A map showing the location of the vessel berthing facility and PCB storage location. A site map of the Steamship Salvors facility is attached. 2. A schedule of compartments aboard the vessel from which PCB's will be removed. A schedule of compartments for the ex-USS Spiegel Grove is attached. 3. The schedule for removing PCB's from the vessel, including: a. the estimated date that all PCB's will be removed from the vessel, b. the estimated date that all PCB's wh}(,h are removed from the vessel and placed in storage will be removed from storage and sent for disposal, and c. the disposal method and company to be used for disposal. The dates requested by Items (a) and (b) above are not presently known. Date estimates will be provided to the EP A Regional PCB Coordinator once the vessel has been moored at the Steamship Salvors facility. Once removed from the vessel, the cable and wire will be sent to a cable shredder for metal recovery. Process waste (fluff) will be disposed of as municipal waste in accordance with the EPA's PCB Mega-Rule. Two options have been considered for the disposal of the ductwork/flange assemblies. Option 1 will involve transporting the ductwork to a smelter meeting the definition of 40 CFR 261.10. Option 2 will involve transporting the ductwork and gaskets to an aluminum shredder for metal recovery. The non-metal by-product produced from shredding will be disposed of as municipal waste in accordanc~with the EPA's PCB Mega-Rule. The company selected for disposal of PCB items removed from the vessel is Salesco Systems, USA, 1680 Winding Creek Circle, Snellville, GA 30278. ';-':.-;"':"~,"',1,'-".-_.\"..'~ i './ i. ~ ,h 'lces ~. The if/ili.' the \';:,~,f; will b!~ ' ic;:mova.t wm O~TY, " .ent location to the location where PCB The date that the f~X-USS SFj.;;:gl~\ IJI,'c: \\. "!'e moved from its present location to the location when. PCB re1llo~1;yYm O,vj~ C<1J ;lOt be determined at this time. The vessel will be moved trGHj )~~, prlsent }r:l:ati',lI .'(WL H' US EPA and the Maritime Administration have approved tius Plan. and have i;,'~P;(;,;' <d:".roval for the vessel to be moved. On~ the approval tlHlfuve the VC;j~;(.' Regional PCB Coordinator oft!';; L....;~ ESCO fvtari!1e wlH also notify;!!e [1 wmbe'moored at:'he 111catior; Leen granted, ESCO Marine will notify the EP A , Ill! the vessel will be moved from its present location. ',~ional PCB Coordinator of the date that the vessel , 'J; temoval will occur. 2. Th"bcatiol1(~) o13totlieaJ1d ; ( :.5 (H~.. ~/aL PCB removal 'Norlk. ~it1 be ptrft.':c,.' .:.t the facility operated and managed by Steamship Salv~, Inc., )()4WEUlhttIst<:1n Par\( I'cakd at Lambert's Point in Norfolk, VA. Steamship Sal-tilrs is a wholly owntct!lUh!lidl~,.' of the Old Dominion Steamship Company, a Virginia baSed<S C:Ofrm alwn: establi5h, d j,.. " ~,7 then re-registered in 1998 All PCB cabie,ilT:e. equipniC'nt, .',1 du~twork flanges will be stored on the Well Deck aboard the ves')e~" m 20 cUbic) arr' f.hmpsters. Any liquids renol,.'ed from the 'Vesse! (whether PCB or non-PCB) will be placed in DOT- approved 55-gaJlun drums and stored in the Bulk Liquid Facility located adjacent to Warehouse C at the Steamship '~(liVOr5' facility. 1 rhe date the v~s~e:;! arriv~s tlt ~i~e location selected for PCB removal. See Item laho'lI. 4. The proposed i1".';" perk.. . ~ 'PC'! n naval and any storage of PCB's on site. ESCO MaJ';nc ancdpate.'.\ oelformed tV',,"! i'I ~."week), I will be nOlI)!": ,.'.hm (). :wec( ,\,.. f..;,illoval of PCB cable, wire, and ductwork flanges will be The proposed time for on-site storage of non-liquid PCB's llu.; 30 days (i.e., 72 days). '" Th\':: busine",,, .~dd;t:;8 <1ndte!v,'J'[le Humber of a responsible party from the PCB removal comnany who C'oTI :rl.nvlde H1trrnation on the status of the PCB removal activities. Inf'lfI11ation :eg..'ln"Hng the s~.t. .) !)f PCB removal activities may be obtained from: !C~aptain -\.n~h()ny Daboul President 3teamshi' U'. In~ 504 Was} 'I: 1,' ...,,;-~, Nortolk. .,' .Ph/Fax 7';" Attachment 2 Schedules and Facility Information ....,... " .ili :;;; ':'; rr 5 u ~ , r I "'''''''(II~'''''' 1 \-.... -- --- - -- - ~---' 100' DIiED6~O SuP I:. ~Jlp.~~n..J~: n'i~;~:~~',~~:~'i}~." --; 2 de,.,.."u/" _ _PI &" 0 -1'1-- _ _ - .!.r~ '- K! i:. ;.. --- 4.,.F\.-- "~"o'."oO'---', $ft:el ~ C"nG. Cllnstr.. Sp,.,;'x/a .......h... /6.'. IDIO' -I J.-cf.. f......,'t!!!l!.!!Ll~.:/"",.'..II_. . _. -- .c.::::::::~-:-~';':'_'.".' -' ..--:-~_._-'-- ......c..v.. ~ I~" IO,Of 4 J.,r.. ,."c~It...",,~.. .~,,;'."'..A f\J: -'Sr." Clt...... R#.w..~ ~ 6ANTitr CIt,.NCJ J/D' OAEIJ6,.D ~tJP -Jl' :t!'-o &ILl< UOU" _...... a- ,,/tCILITY c g ,.4.."h__~ .....\0'. "'.'. ,wll ----* I,~''.:.'~~~!..~~'::;'" ~~ " ::I ... 11 JIJ' D/u'_" .s~'P .J,' 15 T'eN (tV,.. b...I.....' OlflVrAY e"..,." ~ D.,..ID . ZS,..N C~io Il."';"''''~ ..-- .... 6AHrltY (;II"""" -..J 3,,1' -J" ----------- - -- - - -- ~~fij,~Sirmmf1iU . Spiegel Grove Schedule of Decks and Compartments Decks are presented from the highest elevations to the lowest. I. 05 Level 1. Deck House Top II. 04 J;..evel 1. Signal Crew Shelter 2. Bunting Repair 3. Cable Compartment 94 4. Cable Compartment 60 III. 03 Level 1. Radar Trans. Room 2. 3/50 CAL RS Room 3. NAVSTRM 4. MK 56 GPCS Equip Room 5. Fan Room #1 6. Battle Station Equipment Locker 7. Deck Gear Locker # 1 8. MK 56 DIR CONT RM # I 9. Sea Cabin 10. CIC Equipment Room 11. Sea Cabin Bathroom 12. Pilot House 13. CIC 14. Chart Room 15. COMM Office 16. REGPU _ Room (03-62-8-A) 17. TTY CR YPTO Repair 18. Radio PWR DISTR COMPT 19. Facilities Control 20. Radio Transmission Room 21. Fan Room #2 22. Electronics Store Room 23. Air Conditioning Room 24. MK 56 DIR CONT RM #4 25. Troop Message Center 26. Troop Operations Center IV. 02 Level 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. Troop Officer's Bunk Room 02-104-1-L 26. 26. Troop Officer's Bunk Room 02-100-1-L 27. Troop Officer's Bunk Room 02-96-1-L 28. Photo Lab 29. Troop Officer's Storage Room 30. Officer's Wash Room WC&S 31. ISR 32. Electronics Store 33. Fan Room #3 34. WRSR 79 35. OPS Officer's State Room 36. WRSR Bathroom 37. SR 73-1-L 38. ENG OFF SR 39. SR 68 40. WR Messroom 41. Navigator's SR 42. SR 60 43. Captain's SR 44. Captain's Bathroom 45. Captain's Office 46. Captain's Galley 47. Captain's Cabin 48. XO Cabin 49. WR Galley & Pantry XO Bathroom XOSR WR Attend Lounge Deep Freeze Gun Officer's SR R PROD LKR SR88 SR 77 SR 73 Medical Officer's SR SUR Officer's SR Bathroom 82 Fan Room #4 SR (Ship) 88 Bathroom 89 Troop Officers Bunk Room 96-2-L Operations Office Officers WR 92 SR-96-6-L Troop Officer's Bunk Room 100-2-L Troop Officer's Bunk Room 104-2-L Fan Room #6 Fan Room #5 Pre-flight Shack V. 01 Level 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. Fan Room #16 Fan Room #15 Fan Room #13 Eng. Log Room 01-108-9C Test Room Shop Tool Issue Room INTCOMSTR Eng. Shop Career Counselor's Office Barber Shop IC & GYRO Room Electric Port Issue Room Ship Entertmnt & Equip. Room Ship's Store oust - CCTV Room Bread Room Prop Issue Room Scullery Garbage Room STG Bakery Garbage #2 Crew Library Fan Room #9 Crew & Troop Mess 26. 27. 28. 29. 30. 31. 32. 33. 34. 35. 36. 37. 38. 39. 40. 41. 42. 43. 44. 45. 46. 47. 48. 49. Fan Room #7 3/50 CALRS Room Fan Room #8 Crew and Troop Mess Room Fan Room #11 Mess #2 Crew's and Troop's Galley Galley #2 The lucky bag locker Ship's Store CMAA Shack Machine Shop Post Office Storage Battery Shop 3/50 CAL Handling Room Electric and I C Shop Water and Oil Test Lab Electronics Repair Shop Fan Room #12 Fan Room #14 Metal Smith's Shop 3/50 CAL Engine Room #5 Carpenter & Metal Smith Shop St. Rm. Carpenter Shop VI. Main Deck 1. Deck Gear 200 SS 2. DMS/DC Locker 196 SS 3. Electrical Store Room 190 SS 4. Grease and Oil Storage 189 SS 5. Fan Room 164 SS 6. Unknown 1 (adj. to fan room) 155 SS 7. Ballast Control Room 156 SS 8. Medical Dept. Office 132 SS 9. Pharmacy and After Battle Dressing Station 127 SS 10. Utility Room 124 SS 11. Ward 124 SS 12. Ward 112 SS 13. Quiet Room 108 SS 14. Quiet Room 2 110 SS 15. Arctic Clothes Drying Room 100 SS 16. Tailor Shop 96 SS 17. Trash Burner 86 SS 18. Crew's Berthing 84 SS 19. Crew's Berthing 68 SS 20. Crew's Berthing 52 SS 21. Crew's WR, WC & SH & Freshwater decontamination station 22. Unknown #2 1-40-1-A 23. 3/30 CAL Equip Rm. #1 36-SS 24. Crew Shower 36-1L 25. 3/50 CAL Upper Handling Room 36-0M 26. Deck Gear Locker 36 PS 27. 3/50 Cal Equip Room 28. Unknown Locker 40-2 29. Quarters 44-4-L 30. Quarters 52-4-L 31. Lavatory 65-PS 32. CPO WC Shower and Freshwater Decontamination station PS 33. CPO Messroom PS 34. CPO Pantry PS 35. Executive Office 44 PS 36. Supply Office (Stores) PS 37. Main Propulsion Repair 100 PS 38. ChiefMA Office PS 39. Supply Dept. Office PS 40. Stores Office 41. Deck Office PS 42. Flight Gear Locker 189 PS 43. Deck Gear Locker 190 PS 44. Deck Gear Locker 196 PS 45. Pyro Locker 200 PS VII. 2nd Deck 1. Damage Control AS 30. Crew's SH & Fresh & Salt Water 2. Damage Control AP Decont Shower - SS 3. Stern Gate Operating Gear SS 31. Capstan Gear Room 4. Stern Gate Operating Gear PS 32. Boatswain Store Room 4 5. Gasoline Pump & Control Room 33. Boatswain Store Room Forward SS 34. Anchor Windless Room 6. Gasoline Pump & Control Room 35. Crew Berthing 24 PS PS 36. Crew Berthing 22 PS 7. Laundry 37. Central Decontamination Station 8. Crew's Berthing 200-SS 38. Ballast Control Equipment Room 9. AFT Repair 3 Forward 10. Crew Berthing 192-SS 39. Troop WR, WC and SH and 11. Crew Berthing 176-SS Freshwater Decontamination 12. Crew Berthing 160-SS Shower - PS 13. Ballast Control Equipment Room 40. Troop's Berthing 52 PS -Aft 41. Troop's Berthing 68 PS 14. Crew Berthing 148-SS 42. Troop's Berthing 84 PS 15. Peacoat Locker 144 43. Equipment Room #6 16. Medical Store Room 44. Freezer - 100 17. Fan Room #19 45. Lower Chill Store Room 18. Canvas Shop 46. Upper Chill Store Room 19. Crew's Bathroom (WC & SH) - 47. Troop WR, WC and SH and SS Fresh and Salt Water Decont 20. Crew Berthing 106-SS Shower 126 PS 21. Fan Room #18 48. Troop Gear Locker 136 PS 22. Peacoat Locker 96 49. F an Room #20 23. Main Work Room 50. Troop's Berthing 148 PS 24. Linen Locker #3 51. Troop's Berthing 160 PS 25. Crew Berthing 68-SS 52. Electronics Store Room PS 26. Crew Berthing 52-SS 53. Troop's Berthing 176 PS 27. Arctic Clothes Drying Room 54. Emergency Generator Room #2 28. Crew Berthing 36 SS PS 29. Crew's WR & WC 55. Receiving and Issuing Room PS VIII. 3 rd Deck 41. Dry Prov. St. Rm. 120 PS 1. Ballast Tank 230 SS 42. SD ST RM (ENG) 136 PS 2. Ballast Tank 208 SS 43. 3/50 CAL AMM MAG 148 PS 3. Gasoline Tank Compartment 209 44. AMM MAG for A IT SS LDGCRAFT 156 PS 4. Ballast Tank 182 SS 45. 5/50 CAL L WR Handling Rm. 5. Ballast Tank 176 SS 156 PS 6. Ballast Tank 160 SS 46. Ballast Tank 160 PS 7. Small Arms Magazine 156 SS 47. Ballast Tank 176 PS 8. 3/50 CAL L WR HANDL RM SS 48. Ballast Tank 192 PS 9. 3/50.CAL AMM Magazine 148 49. Ballast Tank 208 PS SS 50. Gasoline Tank Compartment 209 10. Repair Parts Store Room 136 SS PS 11. Dry Provision St Rm 120 SS 51. Ballast Tank 230 PS 12. Store Room (electronics) 115 SS 13. Chern. War DEF Equip St Rm 106 SS 14. SD Store Room (electrical) 96 SS 15. Ordnance Shop 84 SS 16. Ordnance Store Room 88 SS 17. SD Store Room 68 SS 18. Emergency Generator Room 52 SS 19. 3/50 CAL Magazine 36 MS 20. Prison Cell #2 21. Prison Vestibule 22. 3/50 CAL Magazine 26 23. Clothing and Small Stores Issue Room 24. Forepeak tank chain locker 25. !NFL Store Room 26. Staff Store Room 22 PS 27. 3/50 CAL Lower Handling Room 30 MS 28. Prison Cell # 1 29. Medical St Rm 30. CPO St Rm 31. Captain's St Rm 32. Flag Officer's St Rm 33. Special Clothing 34. Armory 35. 3/50 CAL Lower Handling Room 45 MS 36. Ammo Mag 63 PS 37. SD ST RM 68 PS 38. Troop Equip & Amm 84 PS 39. Refr Mach Room 96 PS 40. Troop Equip and Amm 108 PS IX. 4th Deck 1. SD Store Room (28) 2. SD Store Room (32) 3. Ship's Store Storage Room (22) 4. Supply Store Room (25) 5. Blower Room (96) 6. Blower Room (104) 7. Blower Room (136) 8. Sewage pump Room (112-SS) 9. Sewage Pump Room (112-PS) 10. Steering Gear Room (220) X. 5th Deck 1. FWD Machinery Room 2. AFT Machinery Room 3. Clean Ballast Valve Room (64) 4. Clean Ballast Valve Room (168) XI. 6th Deck Inner Bottom/Tank Bottom 'fl Salesco Systems ~u ~ A. NATIONAL SALES & MATERIAL CONTROL OFFICE (602) 233-2955 (800) 368-9095 January 19, 2000 Mr. David Tomlinson C/O Vectromix Inc. 3501 Dime Circle Austin, TX 78744 Dear David, Thank you for your interest in Salesco Systems PCB waste recycling and disposal services! Salesco Systems USA, is the nation's largest full-service asset recovery and waste management firm for PCB contaminated equipment and materials including: · Lamp ballasts, smaIl capacitors, wire & cable · Transformers, bushings, electromagnets, voltage regulators, circuit breakers, switches, reclosers and large capacitors · PCB contaminated oil, water, dirt and debris Fully permined. we offer a full, single source solution range of PCB waste management services: · Waste analysis & identification · Manifesting & labeling · Loading, pick-up & transportation · Recycling with maximized asset recovery & reclamation · EP A permined incineration & facilities · Insurance for environmental pollution · Computerized documentation & tracking With a history of unblemished safety, environmental & regulatory compliance. Salesco meets or exceeds the stringent federal approval requirements established under the Toxic Substance Control Act, and has a service peIformance record unparalleled in the industry. Our Regulatory Affairs department keeps current with all state and federal waste storage, transportation and disposal regulations. and can help you and your company determine its specific PCB disposal responsibilities. With Salesco involved as a partner in your PCB waste disposal efforts, you can be assured your company is doing all it can to meet government regulations- even the latest ones enacted. Please find enclosed complete information describing Salesco' s PCB waste Processing Program and customer support services. I look fOIWard to working with you and will be in touch with you soon to answer any questions you may have. In the meantime, feel free to call me at (770) 982-0963 if an immediate need arises. We look fOIWard to serving you! Regional Sales Manager - SouthEast Region @ ARIZONA. 5736 WEST JEFFERSON STREET. PHOENIX, ARIZONA 85043 . (602) 233-2955 . FAX (602) 278-0608 MASSACHUSETTS. 40 MESSINA DRIVE. BRAINTREE, MASSACHUSETTS 02184. (617) 843-1224' FAX (617) 843-1227 CALIFORNIA. 2924 EMERSON STREET, SUITE 312. SAN DIEGO, CALIFORNIA 92106. (619) 222-5808' FAX (619) 222-3722 ILLINOIS' 3800 N. WILKE ROAD, SUITE 300 . ARLINGTON HEIGHTS, ILLINOIS 60004. (708) 259-8311 . FAX (708) 259-8313 TEXAS. 14817 SOPRAS CIRCLE' DALLAS, TEXAS 75244. (214) 661-8819' FAX (214) 661-8164 <( (j) ::> co 1.0 c: 1.0 o CTl N C\J tJ) 1... ~ E <( (") Q) - C\J ... X I 1Il C\J >- c: 0 (j) Q) CO o o .c ~ a. Q) ctl (j) ...... en .- ...J I ~ U Q) .c o c o .- rtj U .- '+- en Q) ...... en ct1 S ~ :J U ~ .- Q) -~ -0 C (fi<( -m ~() ~a. a: (; Q)LL ...... en ct1 S rn :J o L1 (/) E Q) iii >. 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III '0 o (5 ..c:: a.. <ii u 'c ..c:: u ~ - u ~ Q) .0 I:: III u .... Q) "0 ~ o 0. o ..c:: 0. III o ..c:: a.. Exhibit D 27 signed commitments to purchase 15,080 artificial wreck medallions per year for the next three years by the dive trip operators of the Upper Keys. f.. t, F_ <: .! h " - Upper Keys Artificial Reef Medallion Commitments 1 Quiescence 800 2 Ocean Divers 2000 3 Capt. Slates 1500 4 Paradise Diver 800 5 Keys Diver 500 6 Lady Cyana 1500 7 Sea Dwellers 800 8 Aquanuts 1000 9 Horizon 500 10 Dixie Divers 500 11 Island Reef Divers 500 12 Coral Reef Park Co. 800 13 Tavernier Dive 300 14 Dual Porpoise 200 15 Its A Dive 1000 16 Admiral 120 17 Key Largo Resorts 50 18 HMS Minnow 50 19 Tom Stack 10 20 Silent World 500 21 Island Ventures 50 22 UKDC 500 23 Islamorada Motel 50 24 Conch Rl:pobIic. . 500 25 Sharkys Dive Center 200 26 Holiday Isle Dive Shop 50 27 Fla Keys Dive Center 300 / . Kev LarQo Chamber of Commerce - Upper Kevs Artificial Reef Committee COMMITMENT TO PURCHASE ARTIFICIAL REEF MEDALLIONS PURCHASE COMMITMENT t\0 ~::,.~ ~~~ (NamelOf 1--\0 h d iii ~ LP \) \ ~ ~ (Companvl commit to the purchase of a MINIMUM of SO medallions per year for the next three years from the Artificial Reef Committee of the Key Largo Chamber of Commerce at a cost of $10 per medallion. I will make these purchases in approximately equal installments on a monthly/quarterly basis beginning with the month of the sinking of the Spiegel Grove and continuing for 36 months/12 quarters thereafter. This is an annual commitment and should I exceed this minimum in anyone year, such excess will NOT apply to subsequent year(s) minimum purchase requirement. (If I commit to 100 medallions per year and sell 150 in 2002, my minimum commitment for 2003 shall remain 100 and not be reduced to 50 on account of the additional 50 purchased in 2002.) I will make every effort to re-sell these medallions to ALL guests of my charter service, retail store, and/or resort who dive the Spiegel Grove, Bibb, Duane, and/or Eagle wrecks on the basis that it is an annual .user contribution- to the artificial reefs of the Upper Keys. Because I will sell medallions to all my guests, I may (and hope to) sell more than my minimum. All re-sales shall be at the same $10 as I pay to purchase the medallions. In addition, I will honor medallions displayed by guests purchased elsewhere during the year in which the medallion's contribution applies. I recognize that, in order to fund the immediate sinking of the Spiegel Grove, this document, with my signature, will be presented to a bank as support for the re-payment of debts incurred by the Artificial Reef Committee and that this commitment is binding upon me. While this minimum commitment is limited to three years, I am also committed to an on-going effort to sell medallions to my guests to fund the sinking of future vessels in the waters of the Upper Keys. I recognize the waters of the Upper Keys to include Islamorada, Tavernier, and Key Largo. The Key Largo Chamber of Commerce may transfer (at its option) my purchase commitment to an unrelated non-profit organization that assumes any debt for the sinking of the Spiegel Grove. Such organization's SOLE purpose shall be to fund and create artificial reefs in the waters of the Upper Keys (including the payment of debt related to the Spiegel Grove.) SIGNE~~ ~ DATE I?.) 61 (j , COMMITMENT REGARDING USE OF FUNDS FROM MEDALLION SALES The Key Largo Chamber of Commerce Artificial Reef Committee shall use the funds derived from the sale of medallions as follows: To purchase medallions To cover any minor expenses related to the distrib!rtion of the medallions To payoff interest and principal on the debt incurred by the Artificial Reef Committee for the sinking of the Spiegel Grove. This shall be the majority of funds. Upon retiring the dept in #3 above, to pay for the sinking of additional vessels in the waters of the Upper Keys. Waters of the Upper Keys include those off of Islamorada, Tavernier, and Key Largo. The Key Largo Chamber of Commerce reserves the right to transfer the debt and responsibility for artificial reefs to an unrelated non-profit organization. Should the Chamber of Commerce choose to do so, all undistributed funds related to the artificial reef committee shall be transferred to this organization for use in the same manner as described above. The Chamber shall be limited in its transfer of these funds and debts to an organization whose sole purpose is to fund and create a . cial reefs in the waters of the Upper Keys. KEY LARGO CHAMB 1060glLllllt KEY ~6;;! (", . 1-800.' Pl:tfflB.~ 3037 822-1088 DATE Kev LarQo Chamber of Commerce - Upper Kevs Artificial Reef Committee COMMITMENT TO PURCHASE ARTIFICIAL REEF MEDALLIONS PURCHASE COMMITMENT 1. I focld FtA"", (Name) of iflr!J 1);'vLt. f"AJc. (Companv) commit to the purchase of a MINIMUM of t: 00 medallions per year for the next three years from the Artificial Reef Committee of the K.ey Largo Chamber of Commerce at a cost of $10 per medallion. I will make these purchases in approximately equal installments on a monthly/quarterly basis beginning with the month of the sinking of the Spiegel Grove and continuing for 36 months/12 quarters thereafter. This is an annual commitment and should I exceed this minimum in anyone year, such excess will NOT apply to subsequent year(s) minimum purchase requirement. (If I commit to 100 medallions per year and sell 150 irr2002, myminimum .commitmentfor 2003 shall remain 100 and not be reduced to 50 on account of the additional 50 purchased in 2002.) 2. I will make every effort to re-sell these medallions to ALL guests of my charter service, retail store, and/or resort who dive the Spiegel Grove, Bibb, Duane, and/or Eagle wrecks on the basis that it is an annual "user contribution" to the artificial reefs of the Upper Keys. Because I will sell medallions to all my guests, I may (and hope to) sell more than my minimum. All re-sales shall be at the same $10 as I pay to purchase the medallions. In addition, I will honor medallions displayed by guests purchased elsewhere during the year in which the medallion's contribution applies. 3. I recognize that, in order to fund the immediate sinking of the Spiegel Grove, this document, with my signature, will be presented to a bank as support for the re-payment of debts incurred by the Artificial Reef Committee and that this commitment is binding upon me. 4. While this minimum commitment is limited to three years, I am also committed to an on-going effort to sell medallions to my guests to fund the sinking of future vessels in the waters of the Upper Keys. I recognize the waters of the Upper Keys to include Islamorada, Tavernier, and Key Largo. 5. The Key Largo Chamber of Commerce may transfer (at its option) my purchase commitment to an unrelated non-profit organization that assumes any debt for the sinking of the Spiegel Grove. Such organization's SOLE purpose shall be to fund and create artificial reefs in the waters of the Upper Keys (including the payment of debt related to the Spiegel Grove.) SIGNED ~~12~ DATE /J-/1~ol COMMITMENT REGARDING USE OF FUNDS FROM MEDALLION SALES The Key Largo Chamber of Commerce Artificial Reef Committee shall use the funds derived from the sale of medallions as follows: 1. To purchase medallions 2. To cover ani minor expenses related to the distribution of the medallions 3. To payoff interest and principal on the debt incurred by the Artificial Reef Committee for the sinking of the Spiegel Grove. This shall be the majority of funds. 4. Upon retiring the dept in #3 above, to pay for the sinking of additional vessels in the waters of the Upper Keys. Waters of the Upper Keys include those off of Islamorada, Tavernier, and Key Largo. The Key Largo Chamber of Commerce reserves the right to transfer the debt and responsibility for artificial reefs to an unrelated non-profit organization Should the Chamber of Commerce choose to do so, all undistributed funds related to the artificial reef committee shall be transferred to this organization for use in the same manner as described above. The Chamber shall be limited in its transfer of these funds and debts to an organization whose sole purpose is to fund and create a if ial reefs in the waters of the Upper Keys. KEY lARGO CHAMBER OF COMM 106000 OVERSEAS HI AY # Y lAt~N~ DA TE /! I / KE re'<fr: .0 1-8uO- - 0 Key Larqo Chamber of Commerce - Upper Keys Artificial Reef Committee COMMITMENT TO PURCHASE ARTIFICIAL REEF MEDALLIONS PURCHASE COMMITMENT 1. I GLOR( A "1'EAej U r;. (Name}Of lAu~ (~A N t\ (Companv) commit to the purchase of a MINIMUM of \ ") 0 D medallions per year for the next three years from the Artificial Reef Committee of the K;,ey Largo Chamber of Commerce at a cost of $10 per medallion. I will make these purchases in approximately equal installments on a monthly/quarterly basis beginning with the month of the sinking of the Spiegel Grove and continuing for 36 months/12 quarters thereafter. This is an annual commitment and-should I exceed this minimum in anyone year, such excess will NOT apply to subsequent year(s) minimum purchase requirement. (If I commit to 100 medallions per year and sell 150 irr2002; my-minimum UlTllmitmenrfor 2003-shall remain 1 00 and not be reduced to 50 on account of the additional 50 purchased in 2002.) 2. I will make every effort to re-sell these medallions to ALL guests of my charter service, retail store, and/or resort who dive the Spiegel Grove, Bibb, Duane, and/or Eagle wrecks on the basis that it is an annual "user contribution" to the artificial reefs of the Upper Keys. Because I will sell medallions to all my guests, I may (and hope to) sell more than my . .-minimum. All re-sales shall be at the same $10 as I pay to purchase the medallions. In addition, I will honor medallions displayed by guests purchased elsewhere during the year in r. which the medallion's contribution applies. '3. . I. recognize that, in order to fund the immediate sinking of the Spiegel Grove, this document, with my signature, will be presented to a bank as support for the re-payment of debts incurred by the Artificial Reef Committee and that this commitment is binding upon me. 4. While this minimum commitment is limited to three years, I am also committed to an on-going effort to sell medallions to my guests to fund the sinking of future vessels in the waters of the Upper Keys. I recognize the waters of the Upper Keys to include Islamorada, Tavernier, and Key Largo. 5. The Ke.y Largo Chamber of Commerce may transfer (at its option) my purchase commitment . ,~an tlnrelated non-profit organization that assumes any debt for the sinking of the Spiegel Grove. Such organization's SOLE purpose shall be to fund and create artificial reefs in the .. ""Waters of the Upper Keys (including the payment of debt related to the Spiegel Grove.) S'GN!'o,.G~l~~ DATE l\~~ h..CJJ.1 . 0 ~b.MMITMEN"T REGARDING USE OF FUNDS FROM MEDALLION SALES The KeyLargo Chamber of Commerce Artificial Reef Committee shall use the funds derived from --"'~ale of. medallions as follows: 1. .To purcnase medallior)~~:'-'-- ~1 to COVef any minor expenses related to the distribution of the medallions '- 3~ To payoff interest and principal on the debt incurred by the Artificial Reef Committee for the ~,sink~n~of the Spiegel' Grove. This shall be the majority of funds. ',,!.~..Upon retiring the dept in #3 above, to pay for the sinking of additional vessels in the waters ..:of the Upper Keys. Waters of the Upper Keys include those off of Islamorada, Tavernier, . \ and Key Largo. The Key Largo Chamber of Commerce reserves the right to transfer the debt and responsibility f-or' artificial reefs to an unrelated non-profit organization. Should the Chamber of Commerce choose to do so, all undistributed funds related to the artificial reef committee shall be transferred to this organization for use in the same manner as described above. The Chamber shall be limited in its transfer of these funds and debts to an organization whose sole purpose is to fund and create artifi 'at reefs in the waters of the Upper Keys. '-v lJ\RGO CHAMBER OF CO , /:, // 106000 OW~I9, ~ ~~- KEY LARGO:fFfJj~I'fJN19 {) ffommerce) 1-800-822-1088 DATE ~4 Key LarQo Chamber of Commerce - Upper Keys Artificial Reef Committee COMMITMENT TO PURCHASE ARTIFICIAL REEF MEDALLIONS PURCHASE COMMITMENT 1. I t2t08 I8Lt45~f-<- (NameJof ())UJp.XLrJC.€. J),v/tOtq ~us J;;c.J (CompanvJ commit to the purchase of a MINIMUM of ~~ medallions per year for the next three years from the Artificial Reef Committee of the K.ey Largo Chamber of Commerce at a cost of $10 per medallion. I will make these purchases in approximately equal installmE;!nts on a monthly/quarterly basis beginning with the month of the sinking of the Spiegel Grove and continuing for 36 months/12 quarters thereafter. This is an annual commitment and should I exceed this minimum in anyone year, such excess will NOT apply to subsequent year(s) minimum purchase requirement. (If I commit to 100 medallions per year and sell 150 in-2002; my-minimum 'commitment-for 2003 shall remain 100 and not be reduced to 50 on account of the additional 50 purchased in 2002.) 2. I will make every effort to re-sell these medallions to ALL guests of my charter service, retail store, and/or resort who dive the Spiegel Grove, Bibb, Duane, and/or Eagle wrecks on the basis that it is an annual "user contribution" to the artificial reefs of the Upper Keys. Because I will sell medallions to all my guests, I may (and hope to) sell more than my minimum. All re-sales shall be at the same $10 as I pay to purchase the medallions. In addition, I will honor medallions displayed by guests purchased elsewhere during the year in which the medallion's contribution applies. 3. I recognize that, in order to fund the immediate sinking of the Spiegel Grove, this document, with my signature, will be presented to a bank as support for the re-payment of debts incurred by the Artificial Reef Committee and that this commitment is binding upon me. 4. While this minimum commitment is limited to three years, I am also committed to an on-going effort to sell medallions to my guests to fund the sinking of future vessels in the waters of the Upper Keys. I recognize the waters of the Upper Keys to include Islamorada, Tavernier, and Key Largo. 5. The Key Largo Chamber of Commerce may transfer (at its option) my purchase commitment to an unrelated non-profit organization that assumes any debt for the sinking of the Spiegel Grove. Such organization's SOLE purpose shall be to fund and create artificial reefs in the waters of the Upper Keys (induding the payment of debt related to the Spiegel Grove.) SIGNED ~ DATE I!?ojoi COMMITMENT REGARDING USE OF FUNDS FROM MEDALLION SALES The Key Largo Chamber of Commerce Artificial Reef Committee shall use the funds derived from the sale of medallions as follows: 1 . To purchase medallions 2. To cover any minor expenses related to the distribution of the medallions 3. To payoff interest and principal on the debt incurred by the Artificial Reef Committee for the sinking of the Spiegel Grove. This shall be the majority of funds. 4. Upon retiring the dept in #3 above, to pay for the sinking of additional vessels in the waters of the Upper Keys. Waters of the Upper Keys include those off of Islamorada, Tavernier, and Key Largo. KEY LARGO CHAMBER OF C 1 06000 O~MeA~ KEY LARGO;P(~N19 09 1-800-822-1088 The Key Largo Chamber of Commerce reserves the right to transfer the debt and responsibility for artificial reefs to an unrelated non-profit organization. Should the Chamber of Commerce choose to do so, all undistributed funds related to the artificial reef committee shall be transferred to this organization for use in the same manner as described above. The Chamber shall be limited in its transfer of these funds and debts to an organization whose sole purpose is to fund and create artifici I reefs in the waters of the Upper Keys. / ~. 22-a(/U~ ommerce ) DATE 4 Kev LarQo Chamber of Commerce - Upper Kevs Artificial Reef Committee COMMITMENT TO PURCHASE ARTIFICIAL REEF MEDALLIONS PURCHASE COMMITMENT 1. I::he- ~ elk (NameJ of .llr-- (3on J) l Je.r.s (CompanvJ commit to the purchase of a MINIMUM of ~s-ro_ . medallions per year for the next three years from the Artificial Reef Committee of the K.ey Largo Chamber of Commerce at a cost of $10 per medallion. I will make these purchases in approximately equal installm~nts on a monthly/quarterly basis beginning with the month of the sinking of the Spiegel Grove and continuing for 36 months/12 quartersthereafter. This is an annual commitment and should I exceed this minimum in anyone year, such excess will NOT apply to subsequent year(s) minimum purchase requirement. (If I commit to 100 medallions per year and sell 150 in-2002, my-minimum--cornmitrnenHor2003-shallrernain 100 and not be reduced to 50 on account of the additional 50 purchased in 2002.) 2. I will make every effort to re-sell these medallions to ALL guests of my charter service, retail store, and/or resort who dive the Spiegel Grove, Bibb, Duane, and/or Eagle wrecks on the basis that it is an annual "user contribution" to the artificial reefs of the Upper Keys. Because I will sell medallions to all my guests, I may (and hope to) sell more than my minimum. All re-sales shall be at the same $10 as I pay to purchase the medallions. In addition, I will honor medallions displayed by guests purchased elsewhere during the year in which the medallion's contribution applies. 3. I recognize that, in order to fund the immediate sinking of the Spiegel Grove, this document, with my signature, will be presented to a bank as support for the re-payment of debts incurred by the Artificial Reef Committee and that this commitment is binding upon me. 4. While this minimum commitment is limited to three years, I am also committed to an on-going effort to sell medallions to my guests to fund the sinking of future vessels in the waters of the Upper Keys. I recognize the waters of the Upper Keys to include Islamorada, Tavernier, and Key Largo. 5. The Key Largo Chamber of Commerce may transfer (at its option) my purchase commitment to an unrelated non-profit organization that assumes any debt for the sinking of the Spiegel Grove. Such organization's SOLE purpose shall be to fund and create artificial reefs in the waters of the Upper Keys (including the payment of debt related to the Spiegel Grove.) SIGNED ~~~k DATE l/-19- 0 I COMMITMENT REGARDING USE OF FUNDS FROM MEDALLION SALES The Key Largo Chamber of Commerce Artificial Reef Committee shall use the funds derived from the sale of medallions as follows: 1. To purchase medallions 2. To cover any minor expenses related to the distribution of the medallions 3. To payoff interest and principal on the debt incurred by the Artificial Reef Committee for the sinking of the Spiegel Grove. This shall be the majority of funds. 4. Upon retiring the dept in #3 above, to pay for the sinking of additional vessels in the waters of the Upper Keys. Waters of the Upper Keys include those off of Islamorada, Tavernier, and Key Largo. The Key Largo Chamber of Commerce reserves the right to transfer the debt and responsibility for artificial reefs to an unrelated non-profit organization. Should the Chamber of Commerce choose to do so, all undistributed funds related to the artificial reef committee shall be transferred to this organization for use in the same manner as described above. The Chamber shall be limited in its transfer of these fun(:Js and debts to an organization whose sole purpose is to fund and create artifici I reefs in the waters of the Upper Keys. KEY LARGO CHAMBER OF C 106000<9MER$ DATE ;;;f)/f' Key LarQo Chamber of Commerce - Upper Keys Artificial Reef Committee COMMITMENT TO PURCHASE ARTIFICIAL REEF MEDALLIONS PURCHASE COMMITMENT 1. I ~ok~ b. ta.v~LOQ~ fNameJof60\.\}kvlL l()J~v6~~~s~~ A\~ (CompanvJ commit to the purchase of a MINIMUM of lcoo medallions per year for . A \' the next three years from the Artificial Reef Committee of the I\ey Largo Chamber of ~.;:S \ \ Commerce at a cost of $10 per medallion. I will make these purchases in approximately equal installm~nts on a monthly/quarterly basis beginning with the month of the sinking of the Spiegel Grove and continuing for 36 months/12 quarters thereafter. This is an annu~ A commitment and should I exceed this minimum in anyone year, such excess will.-.& appry"-' to subsequent year(s) minimum purchase requirement. (If I commi~\o 100 ~Iions per year and sell 150 irr2002, my~minimum-commltmentfor 2003!::1~~nf8~ ..S R~t-be reduced to5e:on account of the additional 50 purchased in 2002.) ~ 2. I will make every effort to re-sell these medallions to ALL guests of my charter service, retail store, and/or resort who dive the Spiegel Grove, Bibb, Duane, and/or Eagle wrecks on the basis that it is an annual "user contribution" to the artificial reefs of the Upper Keys. Because I will sell medallions to all my guests, I may (and hope to) sell more than my minimum. All re-sales shall be at the same $10 as I pay to purchase the medallions. In addition, I will honor medallions displayed by guests purchased elsewhere during the year in which the medallion's contribution applies, 3. I recognize that, in order to fund the immediate sinking of the Spiegel Grove, this document, with my signature, will be presented to a bank as support for the re-payment of debts incurred by the Artificial Reef Committee and that this commitment is bindi~n me. 4 Wh'l h' .. .. ,. . d t th I N, 0 \- ~ "d . . let IS minimum commitment IS Imlte 0 ree years, am €I 30 committe to an on-goln9 effort to sell medallions to my guests to fund the sinking of future vessels in the waters of the Upper Keys. I recognize the waters of the Upper Keys to include Islamorada, Tavernier, and Key Largo. 5. The Key Largo Chamber of Commerce may transfer (at its option) my purchase commitment to an unrelated non-profit organization that assumes any debt for the sinking of the Spiegel Grove. Such organization's SOLE purpose shall be to fund and create artificial reefs in the waters of the Upper Keys (including the payment of debt related to the Spiegel Grove.) SIGNED ~ ~~ DATE \\\ ~O\D~ COMMITMENT REGARDING USE OF FUNDS FROM MEDALLION SALES The Key Largo Chamber of Commerce Artificial Reef Committee shall use the funds derived from the sale of medallions as follows: 1. To purchase medallions ". 2. To cover any minor expenses related to the distribution of the medallions 3. To payoff interest and principal on the debt incurred by the Artificial Reef Committee for the sinking of the Spiegel Grove. This shall be the majority of funds, 4. Upon retiring the dept in #3 above, to pay for the sinking of additional vessels in the waters of the Upper Keys. Waters of the Upper Keys include those off of Islamorada, Tavernier, and Key Largo. The Key Largo Chamber of Commerce reserves the right to transfer the debt and responsibility for artificial reefs to an unrelated non-profit organization. Should the Chamber of Commerce choose to do so, all undistributed funds related to the artificial reef committee shall be transferred to this organization for use in the same manner as described above. The Chamber shall be limited in its tra fer of these funds and debts to an organization whose sole purpose is to fund and create artifi al reefs in the waters of the Upper Keys ~ " DATE4~ Key Larao Chamber of Commerce - Upper Kevs Artificial Reef Committee COMMITMENT TO PURCHASE ARTIFICIAL REEF MEDALLIONS PURCHASE COMMITMENT 1. I I) 4..> \ \:::> 'M. (2 o<;,.eN'\ \-\I\L. (NameJ of 't. t:;.L-L-' '~ o;..,\<.t.~ (ComoanvJ commit to the purchase of a MINIMUM of '_00 medallions the next three years from the Artificial Reef Committee of the Key Largo Cham r of Commerce at a cost of $10 per medallion. I will make these purchases in approximately equal installments on a monthly/quarterly basis b~inning with the month of the sinking of the Spiegel Grove and continuing for 36 months/12 quarters thereafter. This is an annual commitment and should I exceed this minimum in anyone year, such excess will NOT apply to subsequent year(s) minimum purchase requirement. (If I commit to 100 medallions per year and sell 150 irr2002;"myminimuma)fnmibnentfor20Q3-shatlremain100andnotbeu . reduced to 50 on account of the additional 50 purchased in 2002.) 2. I will make every effort to re-sell these medallions to ALL guests of my charter service, retail store, and/or resort who dive the Spiegel Grove, Bibb, Duane, and/or Eagle wrecks on the basis that it is an annual "user contributionn to the artificial reefs of the Upper Keys. Because I will sell medallions to all my guests, I may (and hope to) sell more than my minimum. All re-sales shall be at the same $10 as I pay to purchase the medallions. In addition, I will honor medallions displayed by guests purchased elsewhere during the year in which the medallion's contribution applies. 3. I recognize that, in order to fund the immediate sinking of the Spiegel Grove, this document, with my signature, will be presented to a bank as support for the re-payment of debts incurred by the Artificial Reef Committee and that this commitment is binding upon me. 4,. While this minimum commitment is limited to three years, I am also committed to an on-going effort to sell medallions to my guests to fund the sinking of future vessels in the waters of the Upper Keys. I recognize the waters of the Upper Keys to include Islamorada, Tavernier, and Key Largo. 5. The Key Largo Chamber of Commerce may transfer (at its option) my purchase commitment to an unrelated non-profit organization that assumes any debt for the sinking of the Spiegel Grove. Such organization's SOLE purpose shall be to fund and create artificial reefs in the waters of the Upper 'ncIuding the payment of debt related to the Spiegel Grove.) o SI r1 DATE NO 1/ 6 (VI &f( 11 z,d) I l.l5\ ~ '6 Z. L COMMITMENT REGARDING USE OF FUNDS FROM MEDALLION SALES The Key Largo Chamber of Commerce Artificial Reef Committee shall use the funds derived from the sale of medallions as follows: 1. To purchase medallions 2. To cover any minor expenses related to the distribution of the medallions 3. To payoff interest and principal on the debt incurred by the Artificial Reef Committee for the sinking of the Spiegel Grove. This shall be the majority of funds. 4. Upon retiring the dept in #3 above, to pay for the sinking of additional vessels in the waters of the Upper Keys. Waters of the Upper Keys include those off of Islamorada, Tavernier, and Key Largo. The Key Largo Chamber of Commerce reserves the right to transfer the debt and responsibility for artificial reefs to an unrelated non-profit organization. Should the Chamber of Commerce choose to do so, all undistributed funds related to the artificial reef committee shall be transferred to this organization for use in the same manner as described above. The Chamber shall be limited in its transfer of these funds and debts to an organization whose sole purpose is to fund and create artifi al reefs in the waters of the Upper Keys. ../ DATE /~/;:r:/ SIG KEY LARGO 106000 OVERSEA HIGHWAY KEY LARGO, flORIDA 33037 1.aOO.Q??1nHR Key LarQo Chamber of Commerce - Upper Keys Artificial Reef Committee COMMITMENT TO PURCHASE ARTIFICIAL REEF MEDALLIONS PUR~ COMMITMENT 1.,' ,b-u+ ( _~ 'lllJe~ame'of (Companv) commit to the purchase of a MINIMUM of medal Ions per year for the next three years from the Artificial Reef Committee of the I\ey Largo Chamber of Commerce at a cost of $10 per medallion. I will make these purchases in approximately equal installments on a monthly/quarterly basis beginning with the month of the sinking of the Spiegel Grove and continuing for 36 months/12 quarters thereafter. This is an annual commitment and should I exceed this minimum in anyone year, such excess will NOT apply to subsequent year(s) minimum purchase requirement. (If I commit to 100 medallions per year and sell 150 irr2002, my-minimum-commitmenHor2oo3-shallremain100 and not be reduced to 50 on account of the additional 50 purchased in 2002.) i) (< "l (f\ 2. Iwill make every effort to re-sell these medallions to ALL guests of my charter service, retail store, and/or resort who dive the Spiegel Grove, Bibb, Duane, and/or Eagle wrecks on the basis that it is an annual "user contribution" to the artificial reefs of the Upper Keys. Because I will sell medallions to all my guests, I may (and hope to) sell more than my minimum. All re-sales shall be at the same $10 as I pay to purchase the medallions. In addition, I will honor medallions displayed by guests purchased elsewhere during the year in which the medallion's contribution applies. 3. I recognize that, in order to fund the immediate sinking of the Spiegel Grove, this document, with my signature, will be presented to a bank as support for the re-payment of debts incurred by the Artificial Reef Committee and that this commitment is binding upon me. 4. While this minimum commitment is limited to three years, I am also committed to an on-9oing effort to sell medallions to my guests to fund the sinking of future vessels in the waters of the Up~r Keys. I recognize the waters of the Upper Keys to include Islamorada, Tavernier, and Key Largo. 5. The Key Largo Chamber of Commerce may transfer (at its option) my purchase commitment to an unrelated non-profit organization that assumes any debt for the sinking of the Spiegel Grove. Such organization's SOLE purpose shall be to fund and create artificial reefs in the waters of the Upper Keys (including the payment of debt related to the Spiegel Grove.) SIGNED ~~ -- DATE 11!;q( () J COMMITMENT REGARDING USE OF FUNDS FROM MEDALLION SALES The Key Largo Chamber of Commerce Artificial Reef Committee shall use the funds derived from the sale of medallions as follows: 1. To purchase medallions _ 2. To cover any minor expenses related to the distribution of the medallions 3. To payoff interest and principal on the debt incurred by the Artificial Reef Committee for the sinking of the Spiegel Grove. This shall be the majority of funds. 4. Upon retiring the dept in #3 above, to pay for the sinking of additional vessels in the waters of the Upper Keys. Waters of the Upper Keys indude those off of Islamorada, Tavernier, and Key Largo. EY LARGO CHAM8E 1 0600($~~ KEY LARGff, CP lr 1-800-822-1088 The Key Largo Chamber of Commerce reserves the right to transfer the debt and responsibility for artificial reefs to an unrelated non-profit organization. Should the Chamber of Commerce choose to do so, all undistributed funds related to the artificial reef committee shall be transferred to this organization for use in the same manner as described above. The Chamber shall be limited in its transfer of these funds and debts to an organization whose sole purpose is to fund and create artifi lal reefs in the waters of the Upper Keys ~- RUff .~~ o ~mmerce) DATE r07;0 Key LarQo Chamber of Commerce - Upper Keys Artificial Reef Committee COMMITMENT TO PURCHASE ARTIFICIAL REEF MEDALLIONS PURCHASE COMMITMENT 1. I W nll,A,- ,,~ \. ~ 4... \ \"'e,2..l.. (Namel of -0) ~I e \:) \ v e<-S 0..\ k ~ L~ '0 (Companv} commit to the purchase of a MINIMUM of 5"00 medallions per year for the next three years from the Artificial Reef Committee of the Key Largo Chamber of Commerce at a cost of $10 per medallion. I will make these purchases in approximately equal installments on a monthly/quarterly basis beginning with the month of the sinking of the Spiegel Grove and continuing for 36 months/12 quarters thereafter. This is an annual commitment and should I exceed this minimum in anyone year, such excess will NOT apply to subsequent year(s) minimum purchase requirement. (If I commit to 100 medallions per year and sell 150 in~2002;- mYll1inimum-commitmentfor2003'shallremain 100 and not be reduced to 50 on account of the additional 50 purchased in 2002.) 2. I will make every effort to re-sell these medallions to ALL guests of my charter service, retail store, and/or resort who dive the Spiegel Grove, Bibb, Duane, and/or Eagle wrecks on the basis that it is an annual 'user contribution- to the artificial reefs of the Upper Keys. Because I will sell medallions to all my guests, I may (and hope to) sell more than my minimum. All re-sales shall be at the same $10 as I pay to purchase the medallions. In addition, I will honor medallions displayed by guests purchased elsewhere during the year in which the medallion's contribution applies. 3. I recognize that, in order to fund the immediate sinking of the Spiegel Grove, this document, with my signature, will be presented to a bank as support for the re-payment of debts incurred by the Artificial Reef Committee and that this commitment is binding upon me. 4. While this minimum commitment is limited to three years, I am also committed to an on-going effort to sell medallions to my guests to fund the sinking of future vessels in the waters of the Upper Keys. I recognize the waters of the Upper Keys to include Islamorada, Tavernier, and Key Largo. .. 5. The Key Largo Chamber of Commerce may transfer (at its option) my purchase commitment to an unrelated non-profit organization that assumes any debt for the sinking of the Spiegel Grove. Such nization's SOLE purpose shall be to fund and create artificial reefs in the waters of t Up r Keys (including the pa ~1bt related to the Spiegel Grove.) SIGNED 'L DATE "\\.310 I COMMITMENT REGARDING USE OF FUNDS FROM MEDALLION SALES The Key Largo Chamber of Commerce Artificial Reef Committee shall use the funds derived from the sale of medallions as follows: 1. To purchase medallions ., 2, To cover any minor expenses related to the distribution of the medallions 3. To payoff interest and principal on the debt incurred by the Artificial Reef Committee for the sinking of the Spiegel Grove. This shall be the majority of funds. 4. Upon retiring the dept in #3 above, to pay for the sinking of additional vessels in the waters of the Upper Keys. Waters of the Upper Keys include those off of Islamorada, Tavernier, and Key Largo. The Key Largo Chamber of Commerce reserves the right to transfer the debt and responsibility for artificial reefs to an unrelated non-profit organization. Should the Chamber of Commerce choose to do so, all undistributed funds related to the artificial reef committee shall be transferred to this organi tion for use in the same manner as described above, The Chamber shall be limited in its tra sfer of these funds and debts to an organization whose sole purpose is to fund and create art' cial reefs in the waters of the Upper Keys ,-t , , DATE ~ KEY LARGI 1060 KEY RGO, flORi A 33037 1.800-822.1088 Key LarQo Chamber of Commerce - Upper Keys Artificial Reef Committee COMMITMENT TO PURCHASE ARTIFICIAL REEF MEDALLIONS PURCHASE COMMITMENT 1. I R~ U~ (Name}Of J'7/fi1h// ~c:c'? V/F"&z.- (Company) commit to the purchase of a MINIMUM of -> t'C? medallions per year for the next three years from the Artificial Reef Committee of the K.ey Largo Chamber of Commerce at a cost of $10 per medallion. I will make these purchases in approximately equal installments on a monthly/quarterly basis beginning with the month of the sinking of the Spiegel Grove and continuing for 36 months/12 quarters thereafter. This is an annual commitment and should I exceed this minimum in anyone year, such excess will NOT apply to subsequent year(s) minimum purchase requirement. (If I commit to 100 medallions per year and sell 150 in-2002, my-minimum-commitmentfor2003-shallremain100 and not be reduced to 50 on account of the additional 50 purchased in 2002.) 2. I will make every effort to re-sell these medallions to ALL guests of my charter service, retail store, and/or resort who dive the Spiegel Grove, Bibb, Duane, and/or Eagle wrecks on the basis that it is an annual .user contribution" to the artificial reefs of the Upper Keys. Because I will sell medallions to all my guests, I may (and hope to) sell more than my minimum. All re-sales shall be at the same $10 as I pay to purchase the medallions. In addition, I will honor medallions displayed by guests purchased elsewhere during the year in which the medallion's contribution applies. 3. I recognize that, in order to fund the immediate sinking of the Spiegel Grove, this document, with my signature, will be presented to a bank as support for the re-payment of debts incurred by the Artificial Reef Committee and that this commitment is binding upon me. 4. While this minimum commitment is limited to three years, I am also committed to an on-going effort to sell medallions to my guests to fund the sinking of future vessels in the waters of the Upper Keys. I recognize the waters of the Upper Keys to include Islamorada, Tavernier, and Key Largo. 5. The Key Largo Chamber of Commerce may transfer (at its option) my purchase commitment to an unrelated non-profit organization that assumes any debt for the sinking of the Spiegel Grove. Such organization's SOLE purpose shall be to fund and create artificial reefs in the waters of the Upper Keys (induding the payment of debt related to the Spiegel Grove.) SIGNED~ O~ DATE //-~ 0 ~CJ ( COMMITMENT REGARDING USE OF FUNDS FROM MEDALLION SALES The Key Largo Chamber of Commerce Artificial Reef Committee shall use the funds derived from the sale of medallions as follows: 1. To purchase medallions 2. To cover any minor expenses related to the distribution of the medallions 3. To payoff interest and principal on the debt incurred by the Artificial Reef Committee for the sinking of the Spiegel Grove. This shall be the majority of funds. 4. Upon retiring the dept in #3 above, to pay for the sinking of additional vessels in the waters of the Upper Keys. Waters of the Upper Keys include those off of Islamorada, Tavernier, and Key Largo. The Key Largo Chamber of Commerce reserves the right to transfer the debt and responsibility for artificial reefs to an unrelated non-profit organization. Should the Chamber of Commerce choose to do so, all undistributed funds related to the artificial reef committee shall be transferred to this organization for use in the same manner as described above. The Chamber shall be limited in its tra fer of these funds and debts to an organization whose sole purpose is to fund and create artif ial reefs in the waters of the Upper Keys. j/ ""-, DATE#~ KEY LARGO CHAMBER OF 1 06000 ~~.oo.l:l KEY LARGo, ~~ 1-800-822-1088 ommerce) Kev LarQo Chamber of Commerce - Upper Kevs Artificial Reef Committee COMMITMENT TO PURCHASE ARTIFICIAL REEF MEDALLIONS PURCHASE COMMITMENT 1. I dd/-l"iCt:. d S/~t;. ~7 (NameJOf~~"6k J)tv8 ~ren. (Com"anvJ commit to the purchase of a MINIMUM of .3 & U medallions per year for the next three years from the Artificial Reef Committee of the K.ey Largo Chamber of Commerce at a cost of $10 per medallion. I will make these purchases in approximately equal installments on a monthly/quarterly basis beginning with the month of the sinking of the Spiegel Grove and continuing for 36 months/12 quarters thereafter. This is an annual commitment and should I exceed this minimum in anyone year, such excess will NOT apply to subsequent year(s) minimum purchase requirement. (If I commit to 100 medallions per year and sell 150 irr2002;- my-minimum-commitment-for 2003 shall remain 100 and not be reduced to 50 on account of the additional 50 purchased in 2002.) 2. I will make every effort to re-sell these medallions to ALL guests of my charter service, retail store, and/or resort who dive the Spiegel Grove, Bibb, Duane, and/or Eagle wrecks on the basis that it is an annual "user contribution" to the artificial reefs of the Upper Keys. Because I will sell medallions to all my guests, I may (and hope to) sell more than my minimum. All re-sales shall be at the same $10 as I pay to purchase the medallions. In addition, I will honor medallions displayed by guests purchased elsewhere during the year in which the medallion's contribution applies. 3. I recognize that, in order to fund the immediate sinking of the Spiegel Grove, this document, with my signature, will be presented to a bank as support for the re-payment of debts incurred by the Artificial Reef Committee and that this commitment is binding upon me. 4. While this minimum commitment is limited to three years, I am also committed to an on-going effort to sell medallions to my guests to fund the sinking of future vessels in the waters of the Upper Keys. I recognize the waters of the Upper Keys to include Islamorada, Tavernier, and Key Largo. 5. The Key Largo Chamber of Commerce may transfer (at its option) my purchase commitment to an unrelated non-profit organization that assumes any debt for the sinking of the Spiegel Grove. Such organization's SOLE purpose shall be to fund and create artificial reefs in the waters of the Upper Keys (induding the payment of debt related to the Spiegel Grove.) SIGNE~~ 1 DATE 117/ COMMITMENT REGARDING USE OF FUNDS FROM MEDALLION SALES The Key Largo Chamber of Commerce Artificial Reef Committee shall use the funds derived from the sale of medallions as follows: 1. To purchase medallions 2. To cover any minor expenses related to the distribution of the medallions 3. To payoff interest and principal on the debt incurred by the Artificial Reef Committee for the sinking of the Spiegel Grove. This shall be the majority of funds. 4. Upon retiring the dept in #3 above, to pay for the sinking of additional vessels in the waters of the Upper Keys. Waters of the Upper Keys include those off of Islamorada, Tavernier, and Key Largo. The Key Largo Chamber of Commerce reserves the right to transfer the debt and responsibility for artificial reefs to an unrelated non-profit organization. Should the Chamber of Commerce choose to do so, all undistributed funds related to the artificial reef committee shall be transferred to this organization for use in the same manner as described above. The Chamber shall be limited in its transfer of these funds and debts to an organization whose sole purpose is to fund and create arti 'cial reefs in the waters of the Upper Keys J DATE~h KEY LARGO CHAMBER OF 106000 :Q'(fjliiAS KEY LAR~rf{01m) L~800-822-1 088 Kev LarQo Chamber of Commerce - Upper Kevs Artificial Reef Committee COMMITMENT TO PURCHASE ARTIFICIAL REEF MEDALLIONS PURCHASE COMMITMENT 1. ame of C a commit to the purchase of a MINIMUM of medallions per year for the next three years from the Artificial Reef Committee of the ~ey Largo Chamber of Commerce at a cost of $10 per medallion. I will make these purchases in approximately equal installments on a monthly/quarterly basis beginning with the month of the sinking of the Spiegel Grove and continuing for 36 months/12 quarters thereafter. This is an annual commitment and should I exceed this minimum in anyone year, such excess will NOT apply to subsequent year(s) minimum purchase requirement. (If I commit to 100 medallions per year and sell 150 i0-2002; mYlllinimum-comrmbnenUor 2003-shall remain 100 and not be reduced to 50 on account of the additional 50 purchased in 2002.) 2. I will make every effort to re-sell these medallions to ALL guests of my charter service, retail store, and/or resort who dive the Spiegel Grove, Bibb, Duane, and/or Eagle wrecks on the basis that it is an annual "user contribution" to the artificial reefs of the Upper Keys. Because I will sell medallions to all my guests, I may (and hope to) sell more than my minimum. All re-sales shall be at the same $10 as I pay to purchase the medallions. In addition, I will honor medallions displayed by guests purchased elsewhere during the year in which the medallion's contribution applies. 3. I recognize that, in order to fund the immediate sinking of the Spiegel Grove, this document, with my signature, will be presented to a bank as support for the re-payment of debts incurred by the Artificial Reef Committee and that this commitment is binding upon me. 4. While this minimum commitment is limited to three years, I am also committed to an on--going effort to sell medallions to my guests to fund the sinking of future vessels in the waters of the Upper Keys. I recognize the waters of the Upper Keys to include Islamorada, Tavernier, and Key Largo. 5. The Key Largo Chamber of Commerce may transfer (at its option) my purchase commitment to an unrelated non-profit organization that assumes any debt for the sinking of the Spiegel Grove. Such organization's SOLE purpose shall be to fund and create artificial reefs in the waters of the Upper Keys (including the payment of debt related to the Spiegel Grove.) SIGNED ~^' ~. DATE 1"1 ~\JOI COMMITMENT REGARDING USE OF FUNDS FROM MEDALLION SALES The Key Largo Chamber of Commerce Artificial Reef Committee shall use the funds derived from the sale of medallions as follows: 1. To purchase medallions 2. To cover any minor expenses related to the distribution of the medallions 3. To payoff interest and principal on the debt incurred by the Artificial Reef Committee for the sinking of the Spiegel Grove. This shall be the majority of funds. 4. Upon retiring the dept in #3 above, to pay for the sinking of additional vessels in the waters of the Upper Keys. Waters of the Upper Keys include those off of Islamorada, Tavernier, and Key Largo. The Key Largo Chamber of Commerce reserves the right to transfer the debt and responsibility for artificial reefs to an unrelated non-profit organization. Should the Chamber of Commerce choose to do so, all undistributed funds related to the artificial reef committee shall be transferred to this organization for use in the same manner as described above. The Chamber shall be limited in its transfer of these funds and debts to an organization whose sole purpose is to fund and create artifi ial reefs in the waters of the Upper Keys <EY lARGO CHAMBER Of CO I 06000 ~~ KEY LARG$t,cfh 9S~ommerce) 1-800-822-1088 ~ DATE ~h~ Kev LarQo Chamber of Commerce - Upper Kevs Artificial Reef Committee COMMITMENT TO PURCHASE ARTIFICIAL REEF MEDALLIONS PURCHASE COMMITMENT 1 I F/ZL;DiZt L ;Jc.nnPrN (Name} of FoR S (Lc7V/wd)I/'J i)1lJc!" Cc.---n/7n1? IA) (' . (Companv} commit to the purchase of a MINIMUM of "JOe) medallions per year for the next three years from the Artificial Reef Committee of the Key Largo Chamber of Commerce at a cost of $10 per medallion. I will make these purchases in approximately equal installments on a monthly/quarterly basis beginning with the month of the sinking of the Spiegel Grove and continuing for 36 months/12 quarters thereafter. This is an annual commitment and should I exceed this minimum in anyone year, such excess will NOT apply to subsequent year(s) minimum purchase requirement. (If I commit to 100 medallions per year and sell 150 in-2002, mYlTlinimum-commitmenUor 2003-shallremain 100 and not be reduced to 50 on account of the additional 50 purchased in 2002.) 2 I will make every effort to re-sell these medallions to ALL guests of my charter service, retail store, and/or resort who dive the Spiegel Grove, Bibb, Duane, and/or Eagle wrecks on the basis that it is an annual "user contribution" to the artificial reefs of the Upper Keys. Because I will sell medallions to all my guests, I may (and hope to) sell more than my minimum. All re-sales shall be at the same $10 as I pay to purchase the medallions. In addition, I will honor medallions displayed by guests purchased elsewhere during the year in which the medallion's contribution applies. 3. I recognize that, in order to fund the immediate sinking of the Spiegel Grove, this document, with my signature, will be presented to a bank as support for the re-payment of debts incurred by the Artificial Reef Committee and that this commitment is binding upon me. 4. While this minimum commitment is limited to three years, I am also committed to an on-going effort to sell medallions to my guests to fund the sinking of future vessels in the waters of the Upper Keys. I recognize the waters of the Upper Keys to include Islamorada, Tavernier, and Key Largo. 5. The Key Largo Chamber of Commerce may transfer (at its option) my purchase commitment to an unrelated non-profit organization that assumes any debt for the sinking of the Spiegel Grove. Such organization's SOLE purpose shall be to fund and create artificial reefs in the waters of the Upper Keys (including the payment of debt related to the Spiegel Grove.) SIGNED 1i~t1&c /1-/9rO ( DATE COMMITMENT REGARDING USE OF FUNDS FROM MEDALLION SALES The Key Largo Chamber of Commerce Artificial Reef Committee shall use the funds derived from the sale of medallions as follows: 1. To purchase medallions .. 2. To cover any minor expenses related to the distribution of the medallions 3. To payoff interest and principal on the debt incurred by the Artificial Reef Committee for the sinking of the Spiegel Grove. This shall be the majority of funds. 4. Upon retiring the dept in #3 above, to pay for the sinking of additional vessels in the waters of the Upper Keys. Waters of the Upper Keys include those off of Islamorada, Tavernier, and Key Largo. The Key Largo Chamber of Commerce reserves the right to transfer the debt and responsibility for artificial reefs to an unrelated non-profit organization. Should the Chamber of Commerce choose to do so, all undistributed funds related to the artificial reef committee shall be transferred to this organization for use in the same manner as described above. The Chamber shall be limited in its tr. sfer of these funds and debts to an organization whose sole purpose is to fund and create art' cial reefs in the waters of the Upper Keys " DATE 1j~ Key Larqo Chamber of Commerce - Upper Keys Artificial Reef Committee COMMITMENT TO PURCHASE ARTIFICIAL REEF MEDALLIONS PURCHASE COMMITMENT 1. I ~1tv'b 5u/A.&I? (NameJof ~~~/~& ~S (CompanvJ commit to the purchase of a MINIMUM of medallions per year for the next three years from the Artificial Reef Committee of the K;.ey Largo Chamber of Commerce at a cost of $10 per medallion. I will make these purchases in approximately equal installments on a monthly/quarterly basis beginning with the month of the sinking of the Spiegel Grove and continuing for 36 months/12 quarters thereafter. This is an annual commitment and should I exceed this minimum in anyone year, such excess will NOT apply to subsequent year(s) minimum purchase requirement. (If I commit to 100 medallions per year and sell 150 irT2002, my-minimum-commitment-for2003-shallremain 100 and not be reduced to 50 on account of the additional 50 purchased in 2002.) 2. I will make every effort to re-sell these medallions to ALL guests of my charter service, retail store, and/or resort who dive the Spiegel Grove, Bibb, Duane, and/or Eagle wrecks on the basis that it is an annual "user contribution" to the artificial reefs of the Upper Keys. Because I will sell medallions to all my guests, I may (and hope to) sell more than my minimum. All re-sales shall be at the same $10 as I pay to purchase the medallions. In addition, I will honor medallions displayed by guests purchased elsewhere during the year in which the medallion's contribution applies. 3. I recognize that, in order to fund the immediate sinking of the Spiegel Grove, this document, with my signature, will be presented to a bank as support for the re-payment of debts incurred by the Artificial Reef Committee and that this commitment is binding upon me. 4. While this minimum commitment is limited to three years, I am also committed to an on-going effort to sell medallions to my guests to fund the sinking of future vessels in the waters of the Upper Keys. I recognize the waters of the Upper Keys to include Islamorada, Tavernier, and Key Largo. 5. The Key Largo Chamber of Commerce may transfer (at its option) my purchase commitment to an unrelated non-profit organization that assumes any debt for the sinking of the Spiegel Grove. Such organization's SOLE purpose shall be to fund and create artificial reefs in the waters of the Upper Keys (including the payment of debt related to the Spiegel Grove.) c::b'::://~~7 SIGNED~'~ DATE 11/ '2-1 /0 / COMMITMENT REGARDING USE OF FUNDS FROM MEDALLION SALES The Key Largo Chamber of Commerce Artificial Reef Committee shall use the funds derived from the sale of medallions as follows: 1. To purchase medallions 2. To cover any minor expenses related to the distribution of the medallions 3. To payoff interest and principal on the debt incurred by the Artificial Reef Committee for the sinking of the Spiegel Grove. This shall be the majority of funds. 4. Upon retiring the dept in #3 above, to pay for the sinking of additional vessels in the waters of the Upper Keys. Waters of the Upper Keys include those off of Islamorada, Tavernier, and Key Largo. The Key Largo Chamber of Commerce reserves the right to transfer the debt and responsibility for artificial reefs to an unrelated non-profit organization. Should the Chamber of Commerce choose to do so, all undistributed funds related to the artificial reef committee shall be transferred to this organization for use in the same manner as described above. The Chamber shall be limited in its tra sfer of these funds and debts to an organization whose sole purpose is to fund and create arti' ial reefs in the waters of the Upper Keys. 'E" LARGO CHAMBER OF CO CE l0600Ds9~ A. H DATE j. ~ _ ~ KEY lA~r ~I ~ 1-800-822-1088 Key LarQo Chamber of Commerce - Upper Keys Artificial Reef Committee COMMITMENT TO PURCHASE ARTIFICIAL REEF MEDALLIONS ,. I ' - of t -J lMIZ!S r; tcGnIDenvJ commit to the pur ase of a MINIMUM of med Ihons per year for ,Fj'Pt'vJ the next three years from the ~rtificial Reef Committee of the K.ey Largo Chamber of f Commerce at a cost of $10 per medallion I will make these purchases in approximately equal installments on a monthly/quarterty basis beginning with the month of the sinking of the Spiegel Grove and continuing for 36 months/12 quarters thereafter This IS an annual commitment and should I exceed this minimum in anyone year, such excess will NOT apply to subsequent year(s) minimum purchase requirement. (If I commit to 100 medallions per year and sell 150 in 2002, my minimum commitment for 2003 shall remain 100 and not be reduced to 50 on account of the additional 50 purchased in 2002.) 2 I will make every effort to re-sell these medallions to ALL guests of my charter service, retail store, and/or resort who dive the Spiegel Grove, Bibb, Duane, and/or Eagle wrecks on the basis that it is an annual .user contribution" to the artificial reefs of the Upper Keys Because I will sell medallions to all my guests, I may (and hope to) sell more than my minimum. All re-sales shall be at the same $10 as I pay to purchase the medallions In addition, I will honor medallions displayed by guests purchased elsewhere during the year In which the medallion's contribution applies. 3. I recognize that, in order to fund the immediate sinking of the Spiegel Grove, this document, with my signature, will be presented to a bank as support for the re-payment of debts incurred by the Artificial Reef Committee and that this commitment is binding upon me 4 VVhile this minimum commitment is limited to three years, I am also committed to an on-golng effort to sell medallions to my guests to fund the sinking of future vessels in the waters of the Upper Keys. I recognize the waters of the Upper Keys to include Islamorada Tavemler, and Key largo. 5 The Key Largo Chamber of Commerce may transfer (at its option) my purchase commitment to an unrelated non-profit organization that assumes any debt for the sinking of the Spiegel Grove. Such organization's SOLE purpose shall be 10 fund and create artificial reefs in the waters f the Upper Keys (including the payment of debt related to the Spiegel Grove) DATE ti}-v 0/ V I C T E T REGARDING USE OF FUNDS FROM MEDALLION SALES The Key a 0 Chamber of Commerce Artificial Reef Committee shall use the funds derived from the sale 0 edallions as follows: 1. To purchase medallions 2. To cover any minor expenses related to the distribution of the medallions 3. To payoff interest and principal on the debt incurred by the Artificial Reef Commlllee for the sinking of the Spiegel Grove. This shall be the majority of funds. 4. Upon retiring the dept in #3 above, to pay for the sinking of additional vessels In the waters of the Upper Keys. Waters of the Upper Keys include those off of (slamorada, TaverOler. and Key Largo The Key largo Chamber of Commerce reserves the righl to transfer the debl and responsibility for artificial reefs to an unrelated non-profit organization Should the Chamber of Commerce choose to do so, all undistributed funds related to the artificial reef committee shall be tnwm8f1led to this organization for use in the same manner as described above The Chambel shaM be limited in Its transfer of these funds and debts to an organization whose sole purpose ,s to fund and create art,fici I reefs in the waters of the Upper Keys ,/ / / OA TE ---~7 .t Kev LarQo Chamber of Commerce - Upper Kevs Artificial Reef Committee COMMITMENT TO PURCHASE ARTIFICIAL REEF MEDALLIONS PURCHASE COMMITMENT 1. fkp I'v\(, T 006~o<< (Name} of Cc:-,p..aA 1(~r f~\l.. ~ (Companv} commit to the purchase of a MINIMUM of ~O medallions per year for the next three years from the Artificial Reef Committee of the K.ey Largo Chamber of Commerce at a cost of $10 per medallion. I will make these purchases in approximately equal installments on a monthly/quarterly basis beginning with the month of the sinking of the Spiegel Grove and continuing for 36 months/12 quarters thereafter. This is an annual commitment and should I exceed this minimum in anyone year, such excess will NOT apply to subsequent year(s) minimum purchase requirement. (If I commit to 100 medallions per year and sell 150 in-2002, my-minimum-commitment-for 2003-shall remain 100 and not be reduced to 50 on account of the additional 50 purchased in 2002.) 2. I will make every effort to re-sell these medallions to ALL guests of my charter service, retail store, and/or resort who dive the Spiegel Grove, Bibb, Duane, and/or Eagle wrecks on the basis that it is an annual "user contribution" to the artificial reefs of the Upper Keys. Because I will sell medallions to all my guests, I may (and hope to) sell more than my minimum. All re-sales shall be at the same $10 as I pay to purchase the medallions. In addition, I will honor medallions displayed by guests purchased elsewhere during the year in which the medallion's contribution applies. 3. I recognize that, in order to fund the immediate sinking of the Spiegel Grove, this document, with my signature, will be presented to a bank as support for the re-payment of debts incurred by the Artificial Reef Committee and that this commitment is binding upon me. 4. While this minimum commitment is limited to three years, I am also committed to an on-going effort to sell medallions to my guests to fund the sinking of future vessels in the waters of the Upper Keys. I recognize the waters of the Upper Keys to include Islamorada, Tavernier, and Key Largo. 5. The Key Largo Chamber of Commerce may transfer (at its option) my purchase commitment to an unrelated non-profit organization that assumes any debt for the sinking of the Spiegel Grove. Such organization's SOLE purpose shall be to fund and create artificial reefs in the waters of the Upper Keys (including the payment of debt related to the Spiegel Grove.) r::::::::::::::: SIGNEt}, ) ~ ~ C~ - / DATE t / /:1-0/0 J COMMITMENT REGARDING USE OF FUNDS FROM MEDALLION SALES The Key Largo Chamber of Commerce Artificial Reef Committee shall use the funds derived from the sale of medallions as follows: 1. To purchase medallions 2. To cover any minor expenses related to the distribution of the medallions 3. To payoff interest and principal on the debt incurred by the Artificial Reef Committee for the sinking of the Spiegel Grove. This shall be the majority of funds. 4. Upon retiring the dept in #3 above, to pay for the sinking of additional vessels in the waters of the Upper Keys. Waters of the Upper Keys include those off of Islamorada, Tavernier, and Key Largo. The Key Largo Chamber of Commerce reserves the right to transfer the debt and responsibility for artificial reefs to an unrelated non-profit organization Should the Chamber of Commerce choose to do so, all undistributed funds related to the artificial reef committee shall be transferred to this organization for use in the same manner as described above. The Chamber shall be limited in its transfer of these funds and debts to an organization whose sole purpose is to fund and create artificyvreefs in the waters of the Upper Keys. KEY LARGO CHAMBER OF (OMM~_ // ~ . 106000 OVERS&\iEffi6HWAY . C::Z-C"t:- . ~--- KEY lARGO I RIDt(1~A1004)D( of Commerce) 1-800-822-1088 DATE~ Key LarQo Chamber of Commerce - Upper Keys Artificial Reef Committee COMMITMENT TO PURCHASE ARTIFICIAL REEF MEDALLIONS PURCHASE COMMITMENT 1. I iZ(t~Ff:=- {Name}Of ..(~A- JJw~('(,I54<' !2vF; G-rt ' (Companv) commit to the purchase of a MINIMUM of ..0)(;) medallions per year for the next three years from the Artificial Reef Committee of the Key Largo Chamber of Commerce at a cost of $10 per medallion. I will make these purchases in approximately equal installm~nts on a monthly/quarterly basis beginning with the month of the sinking of the Spiegel Grove and continuing for 36 months/12 quarters thereafter. This is an annual commitment and should I exceed this minimum in anyone year, such excess will NOT apply to subsequent year(s) minimum purchase requirement. (If I commit to 100 medallions per year and sell 150 in-2002,. my,-ntnimum-commibnentfor2003-shallremain100dandnot be reduced to 50 on account of the additional 50 purchased in 2002.) 2. I will make every effort to re-sell these medallions to ALL guests of my charter service, retail store, and/or resort who dive the Spiegel Grove, Bibb, Duane, and/or Eagle wrecks on the basis that it is an annual .user contribution" to the artificial reefs of the Upper Keys. Because I will sell medallions to all my guests, I may (and hope to) sell more than my minimum. All re-sales shall be at the same $10 as I pay to purchase the medallions. In addition, I will honor medallions displayed by guests purchased elsewhere during the year in which the medallion's contribution applies. 3. I recognize that, in order to fund the immediate sinking of the Spiegel Grove, this document, with my signature, will be presented to a bank as support for the re-payment of debts incurred by the Artificial Reef Committee and that this commitment is binding upon me. 4. While this minimum commitment is limited to three years, I am also committed to an on-going effort to sell medallions to my guests to fund the sinking of future vessels in the waters of the Upper Keys. I recognize the waters of the Upper Keys to include Islamorada, Tavernier, and Key Largo. 5. The Key Largo Chamber of Commerce may transfer (at its option) my purchase commitment to an unrelated non-profit organization that assumes any debt for the sinking of the Spiegel Grove. Such organization's SOL rpose shall be to fund and create artificial reefs in the waters of the Upper Ke in ing the payment of debt related to the Spiegel Grove.) / / SIGNED DATE ,,- 2-1 _ t') I COMMITMENT REGARDING USE OF FUNDS FROM MEDALLION SALES The Key Largo Chamber of Commerce Artificial Reef Committee shall use the funds derived from the sale of medallions as follows: 1. To purch?se medallions .. 2. To cover any minor expenses related to the distribution of the medallions 3. To pay off interest and principal on the debt incurred by the Artificial Reef Committee for the sinking of the Spiegel Grove. This shall be the majority of funds. 4. Upon retiring the dept in #3 above, to pay for the sinking of additional vessels inthe waters of the Upper Keys. Waters of the Upper Keys include those off of Islamorada, Tavernier, and Key Largo. The Key Largo Chamber of Commerce reserves the right to transfer the debt and responsibility for artificial reefs to an unrelated non-profit organization. Should the Chamber of Commerce choose to do so, all undistributed funds related to the artificial reef committee shall be transferred to this organization for use in the same manner as described above. The Chamber shall be limited in its transfer of these funds and debts to an organization whose sole purpose is to fund and create arti cial reefs in the waters of the Upper Keys. c. DATE~ KEY LARGO CHAMB 106000SJ KEY LARffiP,rpt(j~ 1-800-822-1088 Kev LarQo Chamber of Commerce - Upper Kevs Artificial Reef Committee COMMITMENT TO PURCHASE ARTIFICIAL REEF MEDALLIONS PURCHASE COMMITMENT f_ ~/J~c/c-nf 1. I c--fJ';;:- Cc-~ ~l.--I<- (Name) of (Companv) commit to the purchase of a MINIMUM of.:.l-= oc::? medallions per year for the next three years from the Artificial Reef Committee of the I\ey Largo Chamber of Commerce at a cost of $10 per medallion. I will make these purchases in approximately equal installments on a monthly/quarterly basis beginning with the month of the sinking of the Spiegel Grove and continuing for 36 months/12 quarters thereafter. This is an annual commitment and should I exceed this minimum in anyone year, such excess will NOT apply to subsequent year(s) minimum purchase requirement (If I commit to 100 medallions per year and sell 150 irr2002, my-mmimum -commitment-for 2003- shall remain 100 and not be reduced to 50 on account of the additional SO purchased in 2002.) 2. I will make every effort to re-sell these medallions to ALL guests of my charter service, retail store, and/or resort who dive the Spiegel Grove, Bibb, Duane, and/or Eagle wrecks on the basis that it is an annual "user contribution" to the artificial reefs of the Upper Keys. Because I will sell medallions to all my guests, I may (and hope to) sell more than my minimum. All re-sales shall be at the same $10 as I pay to purchase the medallions. In addition, I will honor medallions displayed by guests purchased elsewhere during the year in wl1ich the medallion's contribution applies. 3. I recognize that, in order to fund the immediate sinking of the Spiegel Grove, this document, with my signature, will be presented to a bank as support for the re-payment of debts incurred by the Artificial Reef Committee and that this commitment is binding upon me. 4. While this minimum commitment is limited to three years, I am also committed to an on-going effort to sell medallions to my guests to fund the sinking of future vessels in the waters of the Upper Keys. I recognize the waters of the Upper Keys to include Islamorada, Tavernier, and Key Largo. 5. The Key Largo Chamber of Commerce may transfer (at its option) my purchase commitment to an unrelated non-profit organization that assumes any debt for the sinking of the Spiegel Grove. Such organization's SOLE purpose shall be to fund and create artificial reefs in the waters of the Upper Keys (including the p- ment of debt related to the Spiegel Grove.) DATE Ilfr SIGNED COMMITMENT ARDING USE OF FUNDS FROM MEDALLION SALES The Key Largo Chamber of Commerce Artificial Reef Committee shall use the funds derived from the sale of medallions as follows: 1 . To purchase medallions 2. To cover any minor expenses related to the distribution of the medallions 3. To payoff interest and principal on the debt incurred by the Artificial Reef Committee for the sinking of the Spiegel Grove. This shall be the majority of funds. 4. Upon retiring the dept in #3 above, to pay for the sinking of additional vessels in the waters of the Upper Keys. Waters of the Upper Keys include those off of Islamorada, Tavernier, and Key Largo. The Key Largo Chamber of Commerce reserves the right to transfer the debt and responsibility for artificial reefs to an unrelated non-profit organization. Should the Chamber of Commerce choose to do so, all undistributed funds related to the artificial reef committee shall be transferred to this organization for use in the same manner as described above. The Chamber shall be limited in its transfer of these funds and debts to an organization whose sole purpose is to fund and create artificia reefs in the waters of the Upper Keys KEY LARGO CHAMBER OF ((1M ~A r , d 1 06000 O~M!? Pl'- 2--(/'-;; KEY LARGd,FA:dK\lYrJ>: U!?f Commerce) 1-800-822-1088 .;?fi--- DATE If!p / t// Kev Larao Chamber of Commerce - Upper Keys Artificial Reef Committee COMMITMENT TO PURCHASE ARTIFICIAL REEF MEDALLIONS 'COM~ / 1. I t 1/ If. eft' r/ (Name} of A D IV /,f~ / (CGrnGMvJ commit to the purchase of a MINIMUM of / 20 - medallions per year for the next three years from the Artificial Reef Committee of the ~ey largo Chamber of Commerce at a cost of $10 per medallion I will make these purchases in approximately equal installments on a monthly/quarterly basis beginning with the month of the sinking of the Spiegel Grove and continuing for 36 months/12 quarters thereafter This IS an annual commitment and should I exceed this minimum in anyone year, such excess will NOT apply to subsequent year(s) minimum purchase requirement. (If r commit to 100 medallions per year and sell 150 in 2002. my minimumcommibnent tor 2003 shall remain 100 and not be reduced to 50 on account of the additional 50 purchased in 2(02) Ou/c 2. I wtll make every effort to re-sell these medallions to ALL guests of my charter service, retail store, and/or resort who dive the Spiegel Grove, Bibb, Duane, and/or Eagle wrecks on the bIIsis that it is an annual "user contribution" to the artificial reefs of the Upper Keys Because I will sell medallions to all my guests, I may (and hope to) sell more than my minimum. All re-sales shall be at the same $10 as I pay to purchase the medallions In adclition, I will honor medallions displayed by guests purchased elsewhere during the year In which the medallion's contribution applies 3. I recognize that, in order to fund the immediate sinking of the Spiegel Grove, thiS document, with my signature, will be presented to a bank as support for the re-payment of debts incurred by the Artificial Reef Committee and that this commitment is binding upon me 4. V\11ile this minimum commitment is limited to three years, I am also committed to an on-golng effort to sell medallions to my guests to fund the sinking of future vessels in the waters of the Upper Keys I recognize the waters of the Upper Keys to include Islamorada. Tavernier, and Key Largo. 5. The Key largo Chamber of Commerce may transfer (at its option) my purchase commitment to an unrelated non-profit organization that assumes any debt for the sinking of the Spiegel Grove. Such organization's SOLE purpose shall be to fund and create artificial reefs In the woters ~~ Keys "~ment of debt related to the Spiegel Grove) SK)NEO ~~ DATE 2?AJt?VCJ/ cc.MMENT REGARDING USE OF FUNDS FROM MEDALLION SALES The Kay Largo Chamber of Commerce Artificial Reef Committee shall use the funds derived from the sale of medallions as follows: 1. To lDurchase medallions 2. To COver any minor expenses related to the distributIon of the medallions 3. To payoff interest and principal on the debt incurred by the Artificial Reef Committee for the sinktng of the Spiegel Grove. This shall be the majority of funds. 4. Upon retiring the dept in #3 above, to pay for the sinking of additional vessels In the waters of the Upper Keys Waters of the Upper Keys include those off of ISlamorada, Tavernier. and Key Largo 1l1e Key largo Chamber of Commerce resentes the right to transfer the debt and responSibility for artificial reefs to an unrelated non-profit organization Should the Chamber of Commerce choose to do so, all undistributed funds related to the artificial reef committee shall be transferred to this organization for use in the same manner as described above The Chamber shall be limited In its transfer of these funds and debts to an organization whose sole purpose IS to fund and create artrfici reefs in the waters of the Upper Keys DATE ,/ ./. / / "'z./ - '7 d. KEY WIO OF J06 KEY LA_. ~3fmmer J -8ON22.1 088 Key Larqo Chamber of Commerce - Upper Keys Artificial Reef Committee COMMITMENT TO PURCHASE ARTIFICIAL REEF MEDALLIONS PURCHASE COMMITMENT 1. I ;:r~.F,P...JA.~v'15 ?""~5Id.e....f (Name,of flM-5 fr707/1oed (]t'.J12- cL.d1-€.f'S, (~"'-. (Companv' commit to the purchase of a MINIMUM of $<::::::> medallions per year for the next three years from the Artificial Reef Committee of the ~ey Largo Chamber of Commerce at a cost of $10 per medallion. I will make these purchases in approximately equal installments on a monthly/quarterly basis beginning with the month of the sinking of the Spiegel Grove and continuing for 36 months/12 quarters thereafter. This is an annual commitment and should I exceed this minimum in anyone year, such excess will NOT apply to subsequent year(s) minimum purchase requirement. (If I commit to 100 medallions per year and sell 150 in 2002;. mYl11inimum .commitmentfor200:5 shall remain 100 and not be reduced to 50 on account of the additional 50 purchased in 2002.) 2. I will make every effort to re-sell these medallions to ALL guests of my charter service, retail store, and/or resort who dive the Spiegel Grove, Bibb, Duane, and/or Eagle wrecks on the basis that it is an annual "user contribution" to the artificial reefs of the Upper Keys. Because I will sell medallions to all my guests, I may (and hope to) sell more than my minimum. All re-sales shall be at the same $10 as I pay to purchase the medallions. In addition, I will honor medallions displayed by guests purchased elsewhere during the year in which the medallion's contribution applies. 3. I recognize that, in order to fund the immediate sinking of the Spiegel Grove, this document, with my signature, will be presented to a bank as support for the re-payment of debts incurred by the Artificial Reef Committee and that this commitment is binding upon me. 4. While this minimum commitment is limited to three years, I am also committed to an on-going effort to sell medallions to my guests to fund the sinking of future vessels in the waters of the Upper Keys. I recognize the waters of the Upper Keys to include Islamorada, Tavernier, and Key Largo. 5. The Key Largo Chamber of Commerce may transfer (at its option) my purchase commitment to an unrelated non-profit organization that assumes any debt for the sinking of the Spiegel Grove. Such organization's SOLE purpose shall be to fund and create artificial reefs in the waters of the Upper Keys (including the payment of debt related to the Spiegel Grove.) SIGNED~~ DATE 11/2.J)../ COMMITMENT REGARDING USE OF FUNDS FROM MEDALLION SALES The Key Largo Chamber of Commerce Artificial Reef Committee shall use the funds derived from the sale of medallions as follows: 1. To purchase medallions 2. To cover any minor expenses related to th-e distribution of the medallions 3. To payoff interest and principal on the debt incurred by the Artificial Reef Committee for the sinking of the Spiegel Grove. This shall be the majority of funds. 4. Upon retiring the dept in #3 above, to pay for the sinking of additional vessels in the waters of the Upper Keys. Waters of the Upper Keys include those off of Islamorada, Tavernier, and Key Largo. The Key Largo Chamber of Commerce reserves the right to transfer the debt and responsibility for artificial reefs to an unrelated non-profit organization. Should the Chamber of Commerce choose to do so, all undistributed funds related to the artificial reef committee shall be transferred to this organization for use in the same manner as described above. The Chamber shall be limited in its transfer of these funds and debts to an organization whose sole purpose is to fund and create arti cial reefs in the waters of the Upper Keys. . r/ " {a.~-' DATE /(~~ Key Larqo Chamber of Commerce - Upper Kevs Artificial Reef Committee COMMITMENT TO PURCHASE ARTIFICIAL REEF MEDALUONS PURCHASE COMMITMENT ~ S7??C~ (Name)o~S~~$SX./NCI (Comoanv) commit to the purchase of a MINIMUM of 775"/tI medallions per year for the next three years from the Artificial Reef Committee of the Key Largo Chamber of Commerce at a cost of $10 per medallion. I will make these purchases in approximately equal installments on a monthly/quarterly basis beginning with the month of the sinking of the Spiegel Grove and continuing for 36 months/12 quarters thereafter. This is an annual commitment and should I exceed this minimum in anyone year, such excess will NOT apply to subsequent year(s) minimum purchase requirement. (If I commit to 100 medallions per year and sell 150 in 2002, my minimum commitment for 2003 shall remain 100 and not be reduced to 50 on account of the additional 50 purchased in 2002.) I will make every effort to re-sell these medallions to ALL guests of my charter service, retail store, and/or resort who dive the Spiegel Grove, Bibb, Duane, and/or Eagle wrecks on the basis that it is an annual .user contribution. to the artificial reefs of the Upper Keys. Because I will sell medallions to all my guests, I may (and hope to) sell more than my minimum. All re-sales shall be at the same $10 as I pay to purchase the medallions. In addition, I will honor medallions displayed by guests purchased elsewhere during the year in which the medallion's contribution applies. I recognize that, in order to fund the immediate sinking of the Spiegel Grove, this document, with my signature, will be presented to a bank as support for the re-payment of debts incurred by the Artificial Reef Committee and that this commitment is binding upon me. While this minimum commitment is limited to three years, I am also committed to an on-going effort to sell medallions to my guests to fund the sinking of future vessels in the waters of the Upper Keys. I recognize the waters of the Upper Keys to include Islamorada, Tavernier, and Key Largo. The Key Largo Chamber of Commerce may transfer (at its option) my purchase commitment to an unrelated non-profit organization that assumes any debt for the sinking of the Spiegel Grove. Su aniza n's SOLE purpose shall be to fund and create artificial reefs in the waters e Upper Ke s (including the pa ent ebtrelated to the Spiegel Grove.) DATE ~W SIGNE COMMITMENT REGARDING USE OF FUNDS FROM MEDALLION SALES The Key Largo Chamber of Commerce Artificial Reef Committee shall use the funds derived from the sale of medallions as follows: To purchase medallions To cover any minor expenses related to the distribution of the medallions -. To payoff interest and principal on the debt incurred by the Artificial Reef Committee for the sinking of the Spiegel Grove. This shall be the majority of funds. Upon retiring the dept in #3 above, to pay for the sinking of additional vessels in the waters of the Upper Keys. Waters of the Upper Keys include those off of Islamorada, Tavernier, and I Key Largo. The Key Largo Chamber of Commerce reserves the right to transfer the debt and responsibility for artificial reefs to an unrelated non-profit organization. Should the Chamber of Commerce choose to do so, all undistributed funds related to the artificial reef committee shall be transferred to this organization for use in the same manner as described above. The Chamber shall be limited in its tr nsfer of these funds and debts to an organization whose sole purpose is to fund and create a .cial reefs in the waters of the Upper Keys. DATE Kev LarQo Chamber of Commerce - Upper Keys Artificial Reef Committee COMMITMENT TO PURCHASE ARTIFICIAL REEF MEDALLIONS PURCHASE COMMITMENT \ _ {'(\ ame of 1: <J A-nd \J U\V<2~ (CompanvJ commit to t e purchase of a MINIMUM of .b. 0 medallions per year for the next three years rom the Artificial Reef Committee of the Key Largo Chamber of Commerce at a cost of $10 per medallion. I will make these purchases in approximately equal installments on a monthly/quarterly basis beginning with the month of the sinking of the Spiegel Grove and continuing for 36 months/12 quarters thereafter. This is an annual commitment and should I exceed this minimum in anyone year, such excess will NOT apply to subsequent year(s) minimum purchase requirement. (If I commit to 100 medallions per year and sell 150 in 2002, my minimum commitment for 2003 shall remain 100 and not be reduced to 50 on account of the additional 50 purchased in 2002.) I will make every effort to re-sell these medallions to ALL guests of my charter service, retail store, and/or resort who dive the Spiegel Grove, Bibb, Duane, and/or Eagle wrecks on the basis that it is an annual "user contribution" to the artificial reefs of the Upper Keys. Because I will sell medallions to all my guests, I may (and hope to) sell more than my minimum. All re-sales shall be at the same $10 as I pay to purdlase the medallions. In addition, I will honor medallions displayed by guests purchased elsewhere during the year in which the medallion's contribution applies. I recognize that, in order to fund the immediate sinking of the Spiegel Grove, this document, with my signature, will be presented to a bank as support for the re-payment of debts incurred by the Artificial Reef Committee and that this commitment is binding upon me. While this minimum commitment is limited to three years, I am also committed to an on-going effort to sell medallions to my guests to fund the sinking of Mure vessels in the waters of the Upper Keys. I recognize the waters of the Upper Keys to include Islamorada, Tavernier, and Key Largo. The Key Largo Chamber of Commerce may transfer (at its option) my purchase commitment to an unrelated non-profit organization that assumes any debt for the sinking of the Spiegel Grove. Such organization's SOLE purpose shall be to fund and create artificial reefs in the waters of the Upper Keys (including the payment of debt related to the Spiegel Grove.) SIGNED & 9~/ DATE 11-.)7..-G( COMMITMENT REGARDING USE OF FUNDS FROM MEDALLION SALES The Key Largo Chamber of Commerce Artificial Reef Committee shall use the funds derived from the sale of medallions as follows: To purchase medallions To cover any minor expenses related to the distribution of the medallions .. To payoff interest and principal on the debt incurred by the Artificial Reef Committee for the sinking of the Spiegel Grove. This shall be the majority of funds. Upon retiring the dept in #3 above, to pay for the sinking of additional vessels in the waters of the Upper Keys. Waters of the Upper Keys include those off of Islarnorada, Tavernier, and Key Largo. The Key Largo Chamber of Commerce reserves the right to transfer the debt and responsibility for artificial reefs to an unrelated non-profit organization. Should the Chamber of Commerce choose to do so, all undistributed funds related to the artificial reef committee shall be transferred to this organization for use in the same manner as described above. The Chamber shall be limited in its transfer of these funds and debts to an organization whose sole purpose is KEY lARffi/~Rd and create a ficial reefs in the waters of the Upper Keys. 1060 AM8f~ 0 ro M ,.. . 00 aVE " . 1 KEY ~fj .' .', . DATE ffcm~ 2'10B;~merce) Key Larao Chamber of Commerce - Upper Kevs Artificial Reef Committee COMMITMENT TO PURCHASE ARTIFICIAL REEF MEDALLIONS PURCHASE COMMITMENT Ic/ltf1L kEYS Dlv,c ctc.v'7t9ZtNameJOf ;;:jMkL/? /yCf!.teA.-Y (ComoanvJ commit to the purchase of a MINIMUM of S-crV medallions per year for the next three years from the Artificial Reef Committee of the Key Largo Chamber of Commerce at a cost of $10 per medallion. I will make these purchases in approximately equal installments on a monthly/quarterly basis beginning with the month of the sinking of the Spiegel Grove and continuing for 36 months/12 quarters thereafter. This is an annual commitment and should I exceed this minimum in anyone year, such excess will NOT apply to subsequent year(s) minimum purchase requirement. (If I commit to 100 medallions per year and sell 150 in 2002, my minimum commitment for 2003 shall remain 100 and not be reduced to 50 on account of the additional 50 purchased in 2002.) I will make every effort to re-sell these medallions to ALL guests of my charter service, retail store, and/or resort who dive the Spiegel Grove, Bibb, Duane, and/or Eagle wrecks on the basis that it is an annual .user contribution- to the artificial reefs of the Upper Keys. Because I will sell medallions to all my guests, I may (and hope to) sell more than my minimum. All re-sales shall be at the same $10 as I pay to purchase the medallions. In addition, I will honor medallions displayed by guests purchased elsewhere during the year in which the medallion's contribution applies. I recognize that, in order to fund the immediate sinking of the Spiegel Grove, this document, with my signature, will be presented to a bank as support for the re-payment of debts incurred by the Artificial Reef Committee and that this commitment is binding upon me. While this minimum commitment is limited to three years, I am also committed to an on-going effort to sell medallions to my guests to fund the sinking of Mure vessels in the waters of the Upper Keys. I recognize the waters of the Upper Keys to include Islamorada, Tavernier, and Key Largo. SIGNED / DATE !f/Z)r'jo( COMMITMENT REGARDING USE OF FUNDS FROM MEDALLION SALES The Key Largo Chamber of Commerce Artificial Reef Committee shall use the funds derived from the sale of medallions as follows: To purchase medallions To cover any minor expenses related to the distribution of the medallions - To payoff interest and principal on the debt incurred by the Artificial Reef Committee for the sinking of the Spiegel Grove. This shall be the majority of funds. Upon retiring the dept in #3 above, to pay for the sinking of additional vessels in the waters of the Upper Keys. Waters of the Upper Keys include those off of Islamorada, Tavernier, and Key Largo. The Key Largo Chamber of Commerce reserves the right to transfer the debt and responsibility for artificial reefs to an unrelated non-profit organization. Should the Chamber of Commerce choose to do so, all undistributed funds related to the artificial reef committee shall be transferred to this organization for use in the same manner as described above. The Chamber shall be limited in its transfer of these funds and debts to an organization whose sole purpose isito fund and create artifi 'al reefs in the waters of the Upper Keys. KEY LARGO CHAMBE 10600~ DATE KEY LARtfcrr "merce) , 10.1 J3(jJ; 1-800-822-1088 Key LarQo Chamber of Commerce - Upper Keys Artificial Reef Committee COMMITMENT TO PURCHASE ARTIFICIAL REEF MEDALLIONS PURCHASE COMMITMENT PR -\Y l C ; A b -Z ~ tJ r. -A lA ete {NameJ of _ rs L (-\ 171 0 {' u d A- (Yl OJ c- L (ComoanvJ commit to the purchase of a MINIMUM of 50 medallions per year for the next three years from the Artificial Reef Committee of the Key Largo Chamber of Commerce at a cost of $10 per medallion. I will make these purchases in approximately equal installments on a monthly/quarterly basis beginning with the month of the sinking of the Spiegel Grove and continuing for 36 months/12 quarters thereafter. This is an annual commitment and should I exceed this minimum in anyone year, such excess will NOT apply to subsequent year(s) minimum purchase requirement. (If I commit to 100 medallions per year and sell 150 in 2002, my minimum commitment for 2003 shall remain 100 and not be reduced to 50 on account of the additional 50 purchased in 2002.) I will make every effort to re-sell these medallions to ALL guests of my charter service, retail store, and/or resort who dive the Spiegel Grove, Bibb, Duane, and/or Eagle wrecks on the basis that it is an annual .user contribution" to the artificial reefs of the Upper Keys. Because I will sell medallions to all my guests, I may (and hope to) sell more than my minimum. All re-sales shall be at the same $10 as I pay to purchase the medallions. In addition, I will honor medallions displayed by guests purchased elsewhere during the year in which the medallion's contribution applies. I recognize that, in order to fund the immediate sinking of the Spiegel Grove, this document, with my signature, will be presented to a bank as support for the re-payment of debts incurred by the Artificial Reef Committee and that this commitment is binding upon me. While this minimum commitment is limited to three years, I am also committed to an on-going effort to sell medallions to my guests to fund the sinking of future vessels in the waters of the Upper Keys. I recognize the waters of the Upper Keys to include Islamorada, Tavernier, and Key Largo. The Key Largo Chamber of Commerce may transfer (at its option) my purchase commitment to an unrelated non-profit organization that assumes any debt for the sinking of the Spiegel Grove. Such organization's SOLE purpose shall be to fund and create artificial reefs in the waters of the Upper Keys (including the payment of debt related to the Spiegel Grove.) SIGNED ?~_ D ~~_ DATE \ I I ;J, l-I 0 ( COMMITMENT REGARDING USE OF FUNDS FROM MEDALLION SALES The Key Largo Chamber of Commerce Artificial Reef Committee shall use the funds derived from the sale of medallions as follows: To purchase medallions To cover any minQr expenses related to the distribution of the medallions To payoff interest and principal on the debt incurred by the Artificial Reef Committee for the sinking of the Spiegel Grove. This shall be the majority of funds. Upon retiring the dept in #3 above, to pay for the sinking of additional vessels in the waters of the Upper Keys. Waters of the Upper Keys include those off of Islamorada, Tavernier, and Key Largo. The Key Largo Chamber of Commerce reserves the right to transfer the debt and responsibility for artificial reefs to an unrelated non-profit organization. Should the Chamber of Commerce choose to do so, all undistributed funds related to the artificial reef committee shall be transferred to this organization for use in the same manner as described above. The Chamber shall be limited in its tra er of these funds and debts to an organization whose sole purpose is to fund and create artifi lal reefs in the waters of the Upper Keys. KEY LARGO C 0- _ ~/7 I /0600 ~~ ~ ~- KEY LA: O'((~s~afJ) rAIlffommerce) GO, FiO/( ,GHW/j;' /-800-822_/g;8J3031 DATE Key LarQo Chamber of Commerce - Upper Kevs Artificial Reef C0mmittee COMMITMENT TO PURCHASE ARTIFICIAL REEF MEDALLIONS. ' . ' " PURCHASE COMMITMENT /J ';U __ t?/V~/V(; ame of (~ ,k'!i?td~ (Companv' commit to the urchase of a MINIMUM of . t:;Cl () medallions per year for the next three years from the Artificial Reef Committee of the Key Largo Chamber of Commerce at a cost of $10 per medallion. I will make these purchases in approximately equal installments on a monthly/quarterly basis beginning with the month of the sinking of .' the Spiegel Grove and continuing for 36 months/12 quarters thereafter. This is an'annt..lal commitment and should I exceed this minimum in anyone year, such excess will NOT apply to subsequent year(s) minimum purchase requirement. (If I commit to 100 medallions per year and sell 150 in 2002, my minimum commitment for 2003 shall remain 100 and not be . reduced to 50 on account of the additional 50 purchased in 2002.) ntt-e/J' \ I will make every effort to re-sell these medallions to ALL guests of my charter service, refail store, and/or resort who dive the Spiegel Grove, Bibb, Duane, and/or Eagle. wrecks 6n the basis that it is an annual .user contribution" to the artificial reefs of the Upper Keys. Because I will sell medallions to all my guests, I may (and hope to) sell more than my minimum. All re-sales shall be at the same $10 as I pay to purchase the medallions. In addition, I will honor medallions displayed by guests purchased elsewhere during the year in which the medallion's contribution applies. . ; I recognize that, in order to fund the immediate sinking of the Spiegel Grove, this document, with my signature, will be presented to a bank as support for the re-payment of debts incurred by the Artificial Reef Committee and that this commitment is binding upon me. While this minimum commitment is limited to three years, I am also committed to an on-going . effort to sell medallions to my guests to fund the sinking of Mure vessels in the waters of the Upper Keys. I recognize the waters of the Upper Keys to include Islamorada, Tavernier,a,nd Key Largo. The Key Largo Chamber of Commerce may transfer (at its option) my purchase commitment to an unrelated non-profit organization that assumes any debt for the sinking of the Spiegel Grove. Such organization's SOLE purpose shall be to fund and create artificial reefs in the waters of7u~per Keys (including the payment of debt relaled to lhe Spiegel Grove.) SIGNEDiLLtl.L~~ DATE /(1,);/0/ / COMMITMENT REGARDING USE OF FUNDS FROM MEDALLION SALES The Key Largo Chamber of Commerce Artificial Reef Committee shall use the funds derived from the sale of medallions as follows: To purchase medallions To cover any minor expenses related to the distribution of the m.edallions To payoff interest and principal on the debt incurred by the Artificial Reef Committee for the sinking of the Spiegel Grove. This shall be the majority of funds. Upon retiring the dept in #3 above, to pay for the sinking of additional vessels in the waters of the Upper Keys. Waters of the Upper Keys include those off of Islamorada, Tavernier, and Key Largo. The Key Largo Chamber of Commerce reserves the righHo transfer the debt and responsibility for artificial reefs to an unrelated non-profit organization. Should the Chamber of ComrT)erce choose to do so, all undistributed funds related to the artificial reef committee shall be transferred to this organization for use in the same manner as desaibed above. The Chamber shall be limited in its transfer of these funds and debts to an organization whose sole purpose is to fund and create a lcial reefs in the waters of the Upper Keys. <f , lf~G(; ChANlBER or' r ' .- '0600Q,\& ' .- VI K [Y LA~J ~~p.ps3b '-800-822-1088 DATE " ,,-""__ _~-;, .:'7.;~' L FROr'l :~-'-""'rc~ . PHONE NO. : 305 451 0124 i'k:r....'. 29 2001 01: 47?t1 Pi . ~v~ Chamber of Commerce. UDUtfI 'WJ~ '"'u......._, .. --: - _ cOMMITMENfTO. pt/RC-HASE ABI1F=.tf;IAL REEF MEDAL-t.rONS .'rf;" 3, ~~~~?MMtTM~N,{ . ~; ~"",",,!tt~~l-'\~k.vs C>\V~ Ce.n-rer IN_.1of key L-,",\~/.> <;,,1i-"'j~::'~; -/~o,nk'1 commIt to the purchase of a MINIMUM o.f '2-otJ meda~=~ ~~ar for .~- __ '(he next three years from the ArtifICIal Reef Comrmttee of the I\ey Largo. . t I . ~ ~~. 0 'Commeroe at a cost of $10 per medallion. I will make these,purd1ases In..appro~: e Yof ::,:i/, '. ::'~Ua-f.lil$I.a"rnet'li~ on <l. mont"lvl'-'l.I~rterJv basiS OOQlnmng W1\h the month ~~ ~ t~ua' . ..' ~ ~'1 ' f 36 rl'o^11thsl12 quarters thereaner. 1'~ IS <In an. ' , ~'; ";: the Spiegel Grove and continUing or .~~ . wil~NOT apply .k..-. '-. commitment and should ~ ~"ceed thIs mlf1JmUm 111 any t(l~ t~~~~ ~~allions per ..' to sub$equent year(s) minimum purchase req~=~~ 2003 shall retnafn TOO and not be year and sell 150 In 2002; my mTTilffiUm comml n . .. reduced to 50 on account of the additional 50 purchased In 2002.) I will make every effort to re-sell these medallions ~o ALL guests of my char1er service, retail 2, store andfor resort who dive the Spiegel Grove, Bibb, Duane, andlor Eagle wrecks on the basi; that it is an annual .user contribution" to the artifiCial reefs of the Upper Keys. Because I will sell medallions to all my guests, I may (and hope to) sell more tha~ my minimum. All re-sales shall be at the same $10 as I pay to purchase the medallions. In . addition, I will honor medallions displayed by guests purdlased elsWlhere dunng the year In which the medallion's contribution applies -~~ ...~ 3. I recognize that, in order to fund the immediate sinking of the Spiegel Grove, this document, with my signature, will ~ presented to a bank as support for. the r&~aym~nt Of debts incurred by the Artificial Reef Committee and that this commitment 1$ binding upon me 4, While this minimum commitment is limited to three years, I am also committed to an on-iJoing effort to sell medallions to my guests to fund the sinking of future vessels in the waters of the Upper Keys. I recognize the waters of the Upper Keys to include lslamorada, Tavernier, and Key Largo. 5, The Key Largo Chamber of CommerC$ may transfer (at its option) my purchase oommitment to an unrelated non:-profit organization thaI assumes any debt for the sinking of the Spiegel Grove. Such organization's SOLE purpose shall be to fund and create artificial r~fs in the waters of the Upper Keys (including the payment of debt related to the Spiegel Grove.) SIGNED tI\~~ f'9r ~~Qf'k'Ys D,,,e...C~~~R.r DATE , I - 2. ~ -01 COMMITMENT REGARDING USE OF FUND~ FROM MEDALLION SALES The Key Largo Chamber of Commerce Artificial Reef Committee shall use the funds derived from the sale of medallions as follows: 1. To purchase medallions 2. To cover any minor expenses related 10 Ihe distribution of the medallions 3 To payoff interest 3r'ld principal on the debt incurred by the Artificial Reef Committee for the ll'illl\ill\"l vr 1I1l: Sf.li<::W~1 GIVVI:, T"i~ ~ll<;llllx:: lhe rn~jQrily or r.....nd::.. 4. Upon retiring the dept in ~ above, to pay for the sinking of additional vessels in the waters of the Upper Keys, Waters of the Upper Keys include those off of Islamorada, Tavernier, and Key Largo. The Key Largo Chamber of Commerce reserves the right to transfer the debt and responsibiiity for artifiCial reefs to en unrelated non--profit organization. Should the Chamber of Commerce choose to do so, all undistributed funds related to the artificial reef committee shall be transferred to this organization for use in the same manner as described above. The Chamber shall be limited in its transfer of these funds and debts to an organization whose sole purpose is to fund and create arti cial reefs in the waters of the Upper Keys~ OA It r.?:-/~ .~~ __--f~I'/ ..' {EY LARGO CHAMBE R Of JQ6000'~B8 KEY tA~6ff,~bRlfl J-800.S2b-1088 -- ,. -. -- - . - ~~ ~ " " '-- Key LarQo Chamber of Commerce - Upper Keys Artificial Reef Committee COMMITMENT TO PURCHASE ARTIFICIAL REEF MEDALLIONS PURCHASE COMMITMENT ~ M ~M FfU'\-AV (Name} of;::-L 0("'( 0 C\- ~~'1S::. J) \ v <- Ct ~ (Companv} commit to the purchase of a MINIMUM of ..3a-<J medallions per year for the next three years from the Artificial Reef Committee of the Key largo Chamber of Commerce at a cost of$10 per medallion. I will make these purchases in approximately equal installments on a monthly/quarterly basis beginning with the month of the sinking of the Spiegel Grove and continuing for 36 months/12 quarters thereafter. This is an annual commitment and should I exceed this minimum in anyone year, such excess will NOT apply to subsequent year(s) minimum purchase requirement. (If I commit to 100 medallions per year and sell 150 in 2002, my minimum commitment for 2003 shall remain 100 and not be reduced to 50 on account of the additional 50 purchased in 2002.) I will make every effort to re-sell these medallions to ALL guests of my charter service, retail store, and/or resort who dive the Spiegel Grove, Bibb, Duane, and/or Eagle wrecks on the basis that it is an annual .user contribution- to the artificial reefs of the Upper Keys. Because I will sell medallions to all my guests, I may (and hope to) sell more than my minimum. All re-sales shall be at the same $10 as I pay to purchase the medallions. In addition, I will honor medallions displayed by guests purchased elsewhere during the year in which the medallion's contribution applies. I recognize that, in order to fund the immediate sinking of the Spiegel Grove, this document, with my signature, will be presented to a bahk as support for the re-payment of debts incurred by the Artificial Reef Committee and that this commitment is binding upon me. While this minimum commitment is limited to three years, I am also committed to an on-going effort to sell medallions to my guests to fund the sinking of Mure vessels in the waters of the Upper Keys. I recognize the waters of the Upper Keys to include Islamorada, Tavernier, and Key largo. The Key Largo Chamber of Commerce may transfer (at its option) my purchase commitment to an unrelated non-profit organization that assumes any debt for the sinking of the Spiegel Grove. Such organization's SOLE purpose shall be to fund and create artificial reefs in the waters of the Upper KeY~includ~? of debt related 10 the Spiegel Grove.) SIGNE:/ m-\. 7 .. DAlE ( .:>-/",ij a ( COMMITMENT REGARDING USE OF FUNDS FROM MEDALLION SALES The Key largo Chamber of Commerce Artificial Reef Committee shall use the funds derived from the sale of medallions as follows: To purchase medallions To cover any minor expenses r:.elated to the distribution of the medallions To payoff interest and principal on the debt incurred by the Artificial Reef Committee for the- sinking of the Spiegel Grove. This shall be the majority of funds. Upon retiring the dept in #3 above, to pay for the sinking of additional vessels in the waters of the Upper Keys. Waters of the Upper Keys include those off of Islamorada, Tavernier, and Key Largo. The Key Largo Chamber of Commerce reserves the right to transfer the debt and responsibility for artificial reefs to an unrelated non-profit organization. Should the Chamber of Commerce choose to do so, all undistributed funds related to the artificial reef committee shall be transferred to this organization for use in the same manner as described above. TheChamber shall be limited in its transfer of these funds and debts to an organization whose sole purpose isito fund and creat~ artifi ial reefs in the waters of the Upper Keys. ~) ee) DATE KEY LARf?gGIJ .. 1 060~Cti .. . . . KEY LARGO ~~ tS}GHWAY "800-822_ :~~:3031 Dee 1 S 01 11: 42a Kona Kai R~sorl-T~mp Fax . 305-B52-6914 p. 1 Q'[1211B101 .:'705PM D1/3 FAX: 305852-7162 FROM: Kona Kai Resort-Temp Fax PAGES (INCLUDING THIS COVER): 3 PLEASE DELIVER TO COMMISSION ASAP. ADDRESSES ITEM SC HEDULED FOR THURSDA Y 12/20 COMM ISS ION MEETING. THANK YOU. Tue~ay December 18, 2001 fE.. S~/6G-E:.L GROVe -Po, '1/fuR3 /T~1YlS 1~/J-6 Dee 19 01 12:04p "onil "ill HeSOl1-1 emp I- ax .. 305-852-6914 p. 1 riiJ12/18/01 !}'7:05 PM D2I3 December 18,2001 To all Momoe County Commissioncrs, THE S'f A TISTICS from the Florida Hotel Motel Association (FHMA): SOliTH FI.ORIDA: 'Veek ending Sept. 16 - Occupancy down 38% and ADR down 7% \Vcek ending Sept. 23 - Occupancy down 52% and ADR down 11 % \Veek ending Sept. 30 - Occupancy down 42% and ADR down 15% 'Veck cuding Ocl. 7 - Occupancy don:n 29% and ADR down 9% \Veek cnding Oct. 14 - Occupancy down 22% and ADR down 7% Week ending Oct. 21 - Occupancy down 20% and ADR down 10l!/() 'Vcek cnding Oct. 28 - Occupancy down 21 % and ADR down 3% \Veck ending Kov. 4 - Occupancy down 26% and ADR down 11 % \Veek ending Nov. 11 - Occupancy down 18% and ADR down 4% Week ending No\'. 18 - Occupancy down 289;; and ADR dm\ln 15% \V cek ending Nov. 25 - Occupancy down 22% and ADR down 16% vVeek ending Dec. 2 - Occupancy down 12% and ADR down 8% Week ending Dec. 9 - Occupancy down 18% and ADR down 9% · Statewide, payrolls REMAIN LO\VER and have now bccn reduced an estimated 22% state\l\'ide. · Advance bookings for the next 90 days remain LO\VER by about 9% state\'vide. · The outlook for the next 6 months to a year remains WORSE (estimated down by 4t;,c) , Prelty, abysmal, huh'? THE FACTS: DlSTRICT 5, KEY LARGO, bed tax reVCl1l'.~S: September 2001 down 33.7% when compared to 2000 October 2001 down 23.9% when compared to 2000 November County-wide revenues not yet reported, but indepcndent hotels report: revenues down 17% when compared to 2000 Since September 11th, this County Commission has pretty much carried on "business as usual." Discussions of plans to help bailout our tourism industry have been sorely ahsenl. Tax br~aks, financial resources, help for local businesses? No discussion whatever. No public discussion about state\\-'ide projections or county facts. Nothing. It is time to take your heads out of the sand and act. Refore you on Thursday morning is the opportunity to let the citizens of Monroe Dee 19 01 12:05p "-ooa I<.al Heson-I emp ~ax 11' 30!>-852-691 4 1({]12/18/01 (~1706 PM p.2 LJ3/3 County know that you, the governing power of Monroe County. acknowledge the importance of tourism and that the overall economic well-being of lius community is based upon tourism. You have the opportunity to stand up and say to the business sector, as well as the private sector, "we know that our major industry is facing difficult times, we know that tourism will be down and revenues down, we know unemployment is up and we are willing to do what we can to help." All OpportUlUty to help the tourism industry has fallen on your doorstep the creation of the largest artificial reef in the world, the Spcigc1 Grove. At the previous HOCC meeting three commissioners acknowledged our declining financial situation~ three commissioners satd they were wllhng to commit county infrastructure monies as financial resource to this project -a project that cOllld give Key Largo the llcccssary shot ill tlle arm to boast tourism. Don't retract that. decision. Don't tell the citizens of Monroe COllilty tlIat our local government, through infrastructure flUlds, calUlot and will not help it's major employer. Do not teU the citizens that tomism is a lone entity and YJlu_Jyill Qlll.y._.~'iup-port it if it can sup-pDftilself. This is the wrong message to send. f\1omoe County has long been a divided community on "tourism." Pitting businesses against residents~ neighbor against neighbor. You have the oppoftmuty to show leadership. You have the opportunity to unite. For God's sake, give the tourism industry the respect and recoglution it has long deserved in this county. Tell the citizens, that you, the county cOlIlmissioners, are willing to step up to the plate for tourism. Let the decision to give $300,000 to sink the SpeigeI Grove stand. Veronica Harris, Kona Kai Resort and Gallery 97802 Oversc<'ls Highway Key Largo, Horida 33037 .~W5-852- 7200 Dee 19 01 11: 25a p. 1 Murray E Nelson Commissioner, District Fivl;; DGI11Gron Building, Suite II 99 IllS Overseas Highway Key Largo, FL 33037 PHONE (305) 852-7175 FAX (305) 852-7162 Email: boccdis5@mail.state.fl.us FAX TRANSMITTAL I" ~..--_. BOARD OF COUNTY COMMISSIONERS M^ YOR Charles 'SOlUlY' McCoy, District 3 Mayor Pro. Telll Dixie Spehar, District I George Neugent, District 2 Nora Williams, District 4 Ml1ITilY Nelson, District 5 O,~~T,Y ~o~~~E (305) 294-4641 TO:/V; wi t FAX: ;2 S3~ DATE: /;2-19-0/ PHONE: 1-( # of pages including cover sheet FROM: Commissioner Murray Nelson MESSAGE: PI- (II-Sf r!tJf!-y riffS 7V Rocc- -I- (!.LE'R/C :K&: SpegfJ/ Croue . / Ie rrlS ~.,...,It OF C'~ ~. ~ ~.. ~ . " ~l!J: ~ . -~ J ~ 't; #'., +~ .r1''''ItES 0'" V.S, DEPARTMENT OF COMMERCE National Oceanic and Atmospheric Administration NATIONAL OCEAN SERVICE Florida Keys National Marine Sanctuary P.O. Box 500368 Marathon, FL 33050 Phone: 305) 743-2437 Fax: (305) 743-2357 Fax My name is June Cradick, and I am speaking today on behalf of Billy Causey, Superintendent of the Florida Keys National Marine Sanctuary. The Florida Keys National Marine Sanctuary Advisory Council, at their December 11 meeting requested that Mr. Causey attend this meeting and express the Advisory Council's unanimous decision to oppose the Commission's recent decision to reallocate $300,000 in funding earmarked for wastewater projects in the Lower Keys, and divert those funds to the Spiegel Grove artificial reef project off Key Largo The Sanctuary Advisory Council passed a resolution requesting that the Board of County Commissioners find alternative sources, rather than wastewater funding, to assist with the Spiegel Grove sinking. The Advisory Council's concern is that it will be very difficult to convince members of Congress and our Governor and Legislature that we are serious about addressing wastewater issues in the Keys when we are diverting funds allocated for wastewater improvements to other projects. Memorandum Mayor Charles 'Sonny' McCoy 530 Whitehead St. Key West, Florida 33040 (305) 292-3430 FAX: (305) 292-3577 Ernai I: boccdis3@rnail.state.fl.us Mayor Charles 'Sonny' McCoy, Dist. 3 Mayor Pro Tern Dixie Spehar, Dist. 1 Commissioner Murray Nelson, Dist. 5 Commissioner George Neugent, Dist. 2 Commissioner Nora Williams, Dist. 4 DATE: December 5, 2001 TO: Mayor Pro Tem Dixie Spehar Commissioner George Neugant Commissioner Murray Nelson Commissioner Nora Williams FROM: Mayor Charles 'Sonny' McCoy ~ RE: TDC/Spiegel Grove Project On November 29,2001 I attended the TDC meeting and had a favorable response from them in reference to the Spiegel Grove Project. Attached is a memo from the TDC Director recommending a process by which we could secure the comfort needed to the BOCC and the project. cc: / County Administrator County Attorney J. U ~ ~4lJO~::n::JLll't::n=, t-'AGE 1/] THB FLORIDA KEYS & .!~y WEST -- ---- . Come CIS you CU'!! ... P.Q. lbc B66', 44w 117-, I'rattda 33tHl l'J.B..A. (30U) 296-18:52 !ax: (308):ni 6-07: ~ 1rttp:/lwww..f1a.kIllgs.comS<<Ja@rfa_~.com MEMORANDUM ------ -_.- ---..---- OA TE: Oecamber 5, 2001 Honorable Sonny Mccoy Harold \M1eeler. TOe Oireaor SPIEGel GROVE PRoJECT --.._----- _.-. --.....-----. Oilit.ict V we IltNe 3pp'Ox/matejy -.000 budget [0, ClIpita/ """""tes in FY 2002. S"*,,, to pe,fc onan"".~ the 1 CUm indusIJy .... COn safely ....1cipoIe $350.000 - $500,000 available In Mu", yea", fur aldibo lal capllfJ projucts. The most 0""" met/IO(f of SlIUsfyjng the neecj [0, some $300,000 WOUld be lc place an item or, Ihe I ex! OiSllid V Aduisory Comrnitoe OQenda (Key LaIgo - January 2fi", 21lD2. m,tOting _ deadline Jam RIY 1llll, 20lh). Rilc(_n for the ... of """ PIInny funds _Ill need to 0",," from ,,*, """"'*""' b.tho roc. n.. COIRICiI has been favo"'bIy dJsposod III SUP/lOlllhis pn,ject lIS "':<lrI1rr1anded by the DIslrio and I am su,. wou~1 COntinue to do so. OlM..uslv, in aCCOldance """ the 8>dsting _the monies "'<lid be ...t aside and _ SO(! , t 1he limo that the ship is on the ocean floor. '111e IlOCC may - !his item be 1'l/lC8(j on tha OAC V aQenda :'0, disaJs'Ion and action. \ tie re :.rnmo.j '<IIloIYIng the needs 0/ thili projact In IhI& fiscal_ as _ 10 a muli-lI"ar -'"1' '_I method is consistent with the establiShed process utUized throughout the COtI~, in the past.