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HomeMy WebLinkAboutOMNI-CRA-R-98-0002SEOPW/OMNI/CRA RESOLUTION NO. 98-2 RESOLUTION AUTHORIZING THE ENGAGEMENT OF KPMG PEAT MARWICK TO SERVE AS THE AUDITING FIRM FOR THE SOUTHEAST OVERTOWN/PARK WEST REDEVELOPMENT AREA TRUST FUND AND THE COMMUNITY REDEVELOPMENT AGENCY AND THE ENGAGEMENT OF WATSON-RICE TO SERVE AS THE AUDITING FIRM FOR THE OMNI REDEVELOPMENT AREA TRUST FUND WHEREAS, the Community Redevelopment Agency (the "CRA") is responsible for carrying out community redevelopment activities and projects in the Southeast Overtown/Park West Redevelopment Area (the 11SEOPW Redevelopment Area") and in the Omni Redevelopment Area (the "Omni Redevelopment Area") pursuant to a Redevelopment Plan in effect for each such redevelopment area; and WHEREAS, the CRA is required by Florida law to provide for an independent financial audit of the trust fund for each Redevelopment Area each fiscal year and a report of such audit, and to provide a copy of such report to Miami -Dade County and to the City of Miami; and WHEREAS, the Commission of the City of Miami has adopted a resolution authorizing the CRA to engage the firm of KPMG Peat Marwick to perform a financial audit of the trust fund for the SEOPW Redevelopment Area and of the CRA for each fiscal year and to provide a written report with respect to each such audit and to engage the firm of Watson -Rice to perform a financial audit of the trust fund for the Omni Redevelopment Area for each fiscal year and to provide a written report with respect to each such audit. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE COMMUNITY REDEVELOPMENT AGENCY: Section 1. The recitals contained in the preamble to this Resolution are hereby adopted by reference and incorporated in this Resolution as if fully set forth in this Section. Section 2. The CRA is hereby authorized to engage the firm of KPMG Peat Marwick to perform a financial- audit of the trust fund for the SEOPW Redevelopment Area and of the CRA for each fiscal year and to provide a written report with respect to each such audit and to engage the firm of Watson -Rice to perform a financial audit of the trust fund for the Omni Redevelopment Area for each fiscal year and to provide a written report with respect to each such audit. Funds for the fees payable to said firms for such services are hereby allocated from the respective budgets of the SEOPW Redevelopment Area and the Omni Redevelopment Area. Section 3. This Resolution shall become effective immediately upon its adoption. SEOPW/OMNI/CRA 98-2 PASSED AND ADOPTED this 27th day of January 1998. Arth r E. Teele��S77ann ATTEST: Walte J Foeman Clerk APPROVED AS TO FORM AND CORRECTNESS: Hol1MMlh&v4- --&ILK�n-ightLff� Counsel to the CRA MIA4-584094 2 SEOPW/OMNI/CRA 98-2