HomeMy WebLinkAboutSEOPW-CRA-R-01-0094SEOPW/CRA ITEM 9
S]EOPW/C
RESOLUTION NO. 0 j
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
SOUTHEAST OVERTOWN/PARK WEST COMMUNITY
REDEVELOPMENT AGENCY ("CRA") AUTHORIZING THE
EXECUTIVE DIRECTOR TO EXECUTE AN AGREEMENT, IN
A FORM ACCEPTABLE TO THE CITY ATTORNEY, TO
PIGGYBACK OFF OF AN EXISTING AGREEMENT FOR THE
CITY OF MIAMI WITH KPMG PEAT MARWICK, LLP
(ATTACHED "EXHIBIT A") FOR EXTERNAL AUDITING
SERVICES FOR FISCAL YEAR 2000 AND 2001 AND
AUTHORIZING THE ALLOCATION OF FUNDS IN AN
AMOUNT NOT TO EXCEED $25,000 IN FISCAL YEAR
2000 AND $30,000 IN FISCAL YEAR 2001 FROM
ACCOUNT NO. 689004.550011.6330.28059 FOR
PAYMENT OF SERVICES.
WHEREAS, the CRA is desirous of contracting with a certified
public accounting firm for the provision of external auditing
services; and
WHEREAS, the administration recommends executing an agreement
to piggyback off of a City of Miami Professional Services Agreement
with KPMG Peat Marwick, LLP for the provision of external auditing
services.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY OF
THE CITY OF MIAMI, FLORIDA:
SE®PW/CRAB,
01-~ 94
Section 1.The recitals and findings contained in the Preamble
� l
to this Resolution are incorporated herein as if fully set forth in
this Section.
Section 2. The CRA Board of Directors authorizes the Executive
Director to execute an agreement, in a form acceptable to the City
Attorney, to piggyback off of an existing agreement for the City of
Miami with KPMG Peat Marwick, LLP (attached "Exhibit A") for
external auditing services for fiscal year 2000 and 2001.
Section 3.The Executive Director is authorized to allocated
funds in an amount not to exceed $25,000 in fiscal year 2000 and
$30,000 in fiscal year 2001 from Account No.
689004.550011.6330.28059 for payment of services.
Section 4. The Resolution shall be effective upon its adoption.
PASSED AND ADOPTED on this 30th day of July, 2001.
ARTHUR E. TEELE, JR., CHAIRMAN
ATTEST:
WALTER J. FOEMAN
CITY CLERK
APPROVED AS TG`-FORV4 AND CORRECTNESS:
NDRO 77LTRELLO
ATT NEY
Page 2 of 2 Sp®PW/C
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0
ITEM 9
RESOLUTION NO. U 1 r 94
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
SOUTHEAST OVERTOWN/PARK WEST COMMUNITY
REDEVELOPMENT AGENCY AUTHORIZING THE CRA
EXECUTIVE DIRECTOR TO EXTEND THE PROFESSIONAL
SERVICES AGREEMENT AUTHORIZED PURSUANT TO
RESOLUTION 96-805 WITH KPMG, LLP IN
SUBSTANTIALLY THE ATTACHED FORM, FOR THE
PROVISION OF EXTERNAL AUDITING SERVICES FOR THE
CITY OF MIAMI CRA FOR THE FISCAL YEARS 2000 AND
2001, THE TERMS AND CONDITIONS OF WHICH ARE SET
FORTH IN THE ATTACHED AGREEMENT; ALLOCATING
FUNDS THEREFOR IN AN AMOUNT NOT TO EXCEED
$25,000.00 IN FISCAL YEAR 2000 AND $30,000.00 IN FISCAL
YEAR 2001 FROM ACCOUNT NO.689004.550011.6330.28059
WHEREAS, the Southeast Overtown/Park West Community Redevelopment Agency (the
"CRA") is responsible for carrying out community redevelopment activities and projects in the
Southeast Overtown/Park West Community Redevelopment Area established pursuant to the CRA
Redevelopment Plan, and
WHEREAS, the administration recommends approval of the extension of the
Professional Services Agreement with KPMG, LLP for the provision of external auditing
services for the City of Miami Community Redevelopment Agency, the terms and conditions of
which are set forth in the attached Agreement; and
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE
COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble to the Resolution are
herby adopted by reference thereto and incorporated herein as if fully set forth in this Section.
Section 2. The Executive Director is hereby authorized to extend the Professional
Services Agreement, in substantially the attached form, between the CRA and KPMG, LLP for
the provision of external auditing services for the CRA for the fiscal years ending 2001 and 2001,
the terms and condition of which are set forth in the attached agreement, with funds therefore
allocated from Account No. 689004.550011.6330.28059
Section 3. This resolution shall be effective immediately upon its adoption
4ATTAC K M ENT mom)
I CONTAINED
?TED this 30th day of July, 2001.
Arthur E. Teele, Jr., Chairman
srorw< 0 1 - 94
ITEM 9
ATTEST:
Walter J. Foeman
City Clerk
APPROVED AS TO FORM
AND CORRECTNESS:
Alejandro Vilarello
City Attorney
sEoPwicm '
-10
J-96-1191
10/30/96
RESOLUTION NO.0 a (?
A RESOLUTION, WITH ATTACHMENT, AUTHORIZING THE
CITY MANAGER TO EXECUTE A PROFESSIONAL SERVICES
AGREEMENT WITH KPMG PEAT MARWICK, IN
SUBSTANTIALLY THE ATTACHED FORM, FOR THE
PROVISION OF EXTERNAL AUDITING SERVICES FOR THE
CITY OF MIAMI FOR THE FISCAL YEARS 1996, 1997,
AND 1998, THE TERMS AND CONDITIONS OF WHICH ARE
SET FORTH IN THE ATTACHED AGREEMENT; ALLOCATING
FUNDS THEREFOR IN AN AMOUNT NOT TO EXCEED
$350,000 FOR THE FIRST YEAR FROM ACCOUNT NOS.
001000.260201.6330.28013 IN THE AMOUNT OF
$270,000, 799302.452223.6330.28059 IN THE
AMOUNT OF $75,000, AND 420003.350110.6330.28052
IN THE AMOUNT OF $4,500.
WHEREAS, the administration recommends approval of a
Professional Services Agreement with KPMG Peat Marwick for the
provision of external auditing services for the City of Miami,
the terms and conditions of which are set forth in the attached
Agreement;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY
OF MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the
Preamble to this Resolution are hereby adopted by reference
thereto and incorporated herein as if fully set forth in this
Section.
Section 2. The City Manager is hereby authorized to
execute a Professional Services Agreement, in substantially the
attached form, between the City of Miami and KPMG Peat Marwick,
for the provision of external auditing services for the City of
' CITY COMMISSION
ATTACHMENT(S) MEETING OF
CONTAINED Res �
Resolutionn No.
o-
swrW/CRA "` 94
Miami for the fiscal years 1996, 1997, and 1998, the terms and
conditions of which are set forth in the attached agreement, with
funds therefor hereby allocated from Account Nos.
C01000.260201.6330.28013 in the amount of $270,000,
799302.452223.6330.28059 in the amount of $75,000, and
420003.350110.6330.28052 in the amount of $4,500.
Section 3. This Resolution shall become effective
immediately upon its adoption.
PASSED AND ADOPTED this 30th day of October, 1996.
T
E, MAYOR
2
ATTEST
o- a-e�_
WALTER J. L MAN, CITY CLERK
PREPARED AND AP ROVED BY:
r
`
AEA 0. DIAZ
DEPUTY CITY ATT Y
APPROVED AS TO FORM AND CORRECTNESS:
A.' QUINN JONES , I I I
CITY ATTORNEV
ROD:bv:csk/W1211
2 Aflopowt
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ggppWlC�A 9 4
PROFESSIONAL SERVICES AGREEMENT
This Agreement entered into as of the _ day of November, 1996, by and between the City of
Miami, a municipal corporation of the State of Florida, (hereinafter referred to as "the CITY") and
KPMG Peat Marwick LLP, Certified Public Accountants (hereinafter referred to as "KPMG or
Auditor").
RECITAL:
WHEREAS, the City Commission, by Resolution No. , authorized the City
Manager to select, negotiate and execute an agreement with a certified public accounting firm to
provide independent audits and other services as required by the City Charter and Florida statutes;
and
WHEREAS, KPMG has been selected to be the lead independent auditor;
NOW, THEREFORE, in consideration of the promises and the mutual covenants and
obligations herein contained, and subject to the terms and conditions hereinafter stated, the parties
hereto understand and agree as follows:
I. TERM: The term of this Agreement shall be for three (3) years encompassing the CITY's
fiscal years ending September 30, 1996, September 30, 1997 and September 30, 1998. The CITY,
by resolution of the City Commission and at it's sole discretion, may renew this Agreement for
two (2) additional terms of one year by written notice to KPMG of its election to extend at least
90 days prior to the expiration of the then current term. The terms and conditions of such renewal
shall be subject to approval by the City Commission.
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II. SCOPE OF SERVICES: The services to be performed are outlined in Exhibit I to this
Agreemeni in KPMG's engagement letter to the CITY, which will be updated on a yearly basis
by mumal agreement, and in section II A-N, including the issuance of an "interim" management
letter.
A. Other Engagement Matters
The following are entities within the CITY reporting entity, which have their own
arrangements for independent audits.
- Miami Sports & Exhibition Authority (Special Revenue Fund);
- M.S.E.A. Special Obligation Refunding Bonds (Debt Service Fund);
- Miami Sports & Exhibition Authority (M.S.E.A.) (Capital Projects Fund);
- Downtown Development Authority (Special Revenue Fund);
- Off Street Parking (Enterprise Fund);
- Gusman Center and the Olympia Building (Enterprise Fund);
- GESE Trust (Pension Trust Fund);
- FIPO Trust (Pension Trust Fund).
The audits of the financial statements of the above listed entities are not included
in the scope of this engagement. As these entities are included in the general purpose
financial statements, KPMG will rely on the audits performed for these entities by their
independent auditors and make reference to such reliance in the KPMG report. It is the
responsibility of CITY management and these component units to ensure timely issuance
of the related audit reports in order to achieve the timetable discussed elsewhere herein.
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01— 94
B. Review and prepare separate bond compliance reports for the Special Obligation,
Revenue, and Non Ad Valorem Bonds issued by the CITY.
C . rrovide consents for the use of opinions on the General Purpose Financial Statements
for inclusions in Preliminary and Official Statements in connection with all bond,
notes, and loan issues.
D. Perform the annual audit in accordance with the Florida Statutes for the S.E.
Overtown/Parkwest Redevelopment Trust and other such trust accounts.
E. Provide and issue agreed -upon letter reports in connection with forthcoming bond and
loan issues.
F. Provide actuarial services to the CITY for Self -Insurance and Insurance Trust Fund.
G. Evaluate the CITY's self-insurance program and make recommendations of needed
IBNR reserves. The self-insurance coverageis to be reviewed shall include: all
general liability, public officials liability, police professional liability, automobile
liability and workers' compensation. KPMG will prepare a report relying on claim
tabulations, exposure and other information provided by the CITY's Risk Management
Office.
H. Perform and report on certain agreed -upon procedures and/or rebate calculations on
selected bond, notes and loan issues.
I. KPMG and its joint -venture firms shall assist in the preparation of required reports if
and when submitted by the CITY to attain a Certificate of Achievement for Excellence
in Financial Reporting.
J. KPMG and its joint -venture firms agree to schedule their audit work to perform a
substantial portion prior to year-end for fiscal years after 1996. KPMG and its joint-
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sE0?WiC,"_ U 9
venture firms will use their reasonable best efforts, subject to the requirements of
applicable professional standards, to complete the field examination of the annual audit
oy December 31, and to date its report no later than January 31 for each year of the life
of this Agreement after fiscal 1996.
K. It is understood the work papers for the audit engagements are the property of KPMG
and its joint -venture firms and constitute confidential information. However, pursuant
to Government Auditing Standards, the auditors are required to make certain work
papers available to federal and state regulatory agencies upon request for their reviews
of audit quality and use by their auditors. Access to the requested work papers will be
provided to the regulators under supervision of the auditor's personnel.
For a period of three (3) years after completion of any work provided herein, KPMG
shall make its work papers, records and other evidence and documents relating to such
work available to its successor and the City, including its designees. The City and its
representatives shall be entitled, at any time during such three (3) year period, to
inspect such documents and to reproduce same, at its expense, for which provisions
will be made at the time the need for reproduction arises. It is also understood that this
agreement is subject to the provisions dealing with public records requirements of the
Florida Statutes.
L. KPMG and its joint -venture firms agree to communicate with and provide its findings
to the City Manager and designee(s), the Audit Advisory Committee and the City
Commission, at a minimum on a quarterly basis, in writing or by formal presentation.
During the first three months of this Agreement, KPMG will provide a monthly verbal
report to the City Commission on the status of 1996 audit.
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SEAP xu 01- 94
M. KPMG shall review the system of internal accounting control and internal
administrative control to the extent required by Generally Accepted Auditing
6tandards and requirements of the Single Audit act.
N. KPMG shall fulfill requirements of Section 10.550 of the Rules of the Auditor
General, for Local Governmental Entity Audits including:
1. Assist in the preparation of the Comprehensive Annual Financial Report.
2. Issuance of Annual Management Letter to inform the City of any weaknesses
in the system of internal control as uncovered by their examination, and to
make known their recommendations which, if implemented, would, in
KPMG's opinion, increase efficiency, improve management and improve
internal control.
3. Agree with the State of Florida Comptroller's ' Report to the Comprehensive
Annual Financial Report.
4. Preparation of Single Audit Report and other necessary Federal and State
Reports.
III. COMPENSATION:
The CITY shall pay KPMG, as compensation for the fiscal year 1996 services
required pursuant to Exhibit I and Section II, Items A-N, except E, F, G, and H, a
fee not to exceed $350,000 of which $75,000 will be allocated to the Single Audit
and State Grant in Aide Audit requirement. Said compensation for fiscal year 1996
shall be paid as follows:
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SEOPW/C�RA
- November 15, 1996 $100,000
- December 15, 1996 $115,000
- January 15, 1997 $100,000
- Delivery of all reports 35 000
Total IL50 000
The KPMG joint -venture firms will participate up to 50% of these fees on a shared
realization basis and KPMG is responsible for compensating such firms.
The CITY shall have the right to retain ten (10) percent of the final billing, which
shall be paid to KPMG upon receipt and acceptance of the final reports. The CITY
shall have the right to review and audit the time records and related records of the
Auditors pertaining to any such billing.
Fees for the September 30, 1997 and 1998 audit are anticipated to be $325,000,
subject to substantial implementation of the comments made in the KPMG
management letter to the City for the prior fiscal year.
IV. ADDITIONAL SERVICES:
KPMG and its joint -venture firms, upon receipt of a written request from the City
Manager or his designee, shall perform such additional services as may reasonably
be required, including, but not limited to, special revenue audits, agreed upon
procedure audits, special EDP reviews, reviews of Official Statements for offerings
of securities by the CITY, as well as meetings with underwriters and attorneys in
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SEOPW/C� - 9 4
connec4fvn with offerings of securities ana-m6ther consultative services, as
requested.
A. Additionally, the CITY agrees to pay to KPMG the following fees for other
services as follows:
1. Compensation to KPMG and its j6int-venture firms for extra services
performed pursuant to Section III of this Agreement shall be based as a
fixed agreed -upon amount negotiated at the time the services are requested.
Rates for audit staff classification for additional work, plus reasonable out-
of-pocket expenses are as follows for fiscal 1996:
Partner $160/per hour
Manager $120/per hour
Senior $100/per hour
Staff $ 75/per hour
2. The CITY shall pay KPMG, as compensation for services required pursuant
to Section II, Paragraph E and F, for actuarial services to the CITY, a fee
not to exceed $18,000 plus an additional $1,500 for approved travel and
exit interview expenses.
3. Pursuant to Section III, the CITY will pay KPMG up to $90,000 for time
expended regarding expanded assessment of internal control, assessment of
controls relating to new management information system, preparation for
and attendance at status meetings with City Manager, Audit Advisory
Board and/or City Commission, expanded scope to fulfill auditing
standards relating to fraud detection and additional time which may be
required due to limited access to prior auditor workpapers. All additional
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Woriv qz4 01- 94
Services will be documented by engagem"'tlont letter to be approved by the
City Manager and the Auditor prior to incurring such costs.
B. KPMG agrees that it will joint -venture with the minority -owned firms of
Sharpton, Brunson & Company, P.A.; Sanson, Kline and Jacomino & Co.;
Watson & Company, P.A.; and Aida Briele & Associates, P.A. whereby
such fines will earn 50% of the fees outlined in Section II, AN, except
items E, F, G and H on a shared realization basis.
C. KPMG shall be reimbursed for non -local travel, per diem and related
expenses other than expenses incurred in connection with services rendered
under Section II, AN, excluding items E, F, G and H. All expenses
relating to travel shall be approved in advance by the CITY. If so
authorized, reimbursement shall be limited to amounts allowable under
Chapter 112.061 of Florida Statues.
D. It is hereby understood by and between the CITY and KPMG and its joint -
venture firms that any payment made in accordance with this Agreement
shall be made only if KPMG and its joint -venture firms are not in material
default of this Agreement. If KPMG and/or its joint -venture firms are in
material default, the CITY shall in no way be obligated and shall not pay to
KPMG and its joint -venture firms any sum whatsoever.
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SEO/CPA
V. COMPLIANCE WITH FEDERAL STATE AND LOCAL LAWS:
Both parties shall comply with all applicable laws, ordinances, and codes of Federal, State
and Local Governments.
VI. GENERAL CONDITIONS:
A. All notices or other communications which shall or may be given pursuant
to this Agreement shall be in writing and shall be delivered by personal
service, or by registered mail addressed to the other party at the address
indicated herein or as the same may be changed from time to time. Such
notice shall be deemed given on the day on which personally served; or, if
by mail, on the fifth day after being posted or the date of actual receipt,
whichever is earlier.
CITY
KPMG
Edward Marquez Jose R. Rodriguez
City Manager Partner
City of Miami KPMG Peat Marwick LLP
3500 Pan American Drive 2 South Biscayne Boulevard, Suite 2900
Miami, Florida 33133 Miami, Florida 33131-2135
B. Title and Paragraph headings are for convenient reference and are not part
of this Agreement.
C. In the event of conflict between terms of this Agreement and any terms or
conditions contained in any attached documents, the terms in this
Agreement shall govern.
9 S"W/CR � 1- 94
ark
D. No waiver or breach of any provision of this Agreement shall constitute a
waiver of any subsequent breach of the same or any other provision hereof,
and no waiver shall be effective unless made in writing.
E. Should any provision, paragraph, sentence, word or phrase contained in this
Agreement be determined by a court of competent jurisdiction to be invalid,
illegal or otherwise unenforceable under the laws of the State of Florida or
the City of Miami, such provision, paragraph, sentence, word or phrase
shall be deemed modified to the extent necessary in order to conform with
such laws, or if not modifiable to conform with such laws, then same shall
be deemed severable, and in either event, the remaining terms and
provisions of this Agreement shall remain unmodified and in full force and
effect.
VII. NONDELEGABILITY
This Agreement shall not be assigned, transferred, or encumbered, in whole or in part,
without prior approval of the City Commission and written notice by the City Manager.
VIII. AWARD OF AGREEMENT
KPMG warrants that it has not employed or retained any person employed by the CITY to
solicit or secure this Agreement and that they have not offered to pay, been paid, or agreed
to pay any person employed by the CITY any fee, commission, percentage, brokerage fee,
or gift of any kind contingent upon or resulting from the award of this Agreement.
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IX. CONSTRUCTII OF AGREEMENT
This Agreement shall be construed and enforced according to the laws of the State of
Florida.
X. INDEMNIFICATION/INSURANCE
The Auditor shall indemnify and save the CITY harmless from any and all claims,
liabilities, losses and causes of action which may arise out of the gross negligence or
willful misconduct of the Auditor, its officials, agents, employees or assigns in the
fulfillment of this Agreement. The Auditor shall pay all claims and losses of any nature
whatever arising therefrom, and shall defend all suits arising therefrom, in the name of the
CITY when applicable, and shall pay all costs and judgments which may issue thereon,
except to the extent caused by the negligence of CITY officers or employees. During the
term of this Agreement, KPMG shall carry the minimum insurance described below:
(a) Workers' Compensation insurance, for all employees of KPMG required by State
Statute 440 of the State of Florida;
(b) Professional liability with a limit that demonstrates a sound business practice.
(c) Commercial auto liability insurance, covering owned, non -owned and hired
vehicles, combined single limit of $500,000 bodily injury and property damage.
Such insurance shall provide that it will not be canceled or modified without at
least thirty (30) days prior written notice to the CITY. All applicable policies shall
name the CITY as additional insured.
(d) CITY agrees that all records, documentation, and information requested in
connection with the audit will be made available, that all material information will
be disclb�,ed, and that the full cooperation of CIT'i personnel will be provided. As
required by generally accepted auditing stand—ards, specific inquiries will be made
of management about the representations embodied in the financial statements, the
effectiveness of the internal control structure and the CITY's compliance with
certain laws and regulations, and management will provide a representation letter
about these matters. The responses to inquiries, the written representations, and the
results of audit tests comprise the evidential matter the auditors will rely upon in
forming an opinion on the financial statements. Because of the importance of
management's representations to the effective performance of the audit services,
the CITY will release KPMG and their personnel from any claims, liabilities, costs,
and expenses relating to their services under this Agreement attributable to any
misrepresentations in the representation letter referred to above.
A. KPMG covenants that no person under its employ who presently exercises
any functions or responsibilities in connection with this Agreement has any
personal financial interest, direct or indirect with the CITY. KPMG further
covenants that, in the performance of this Agreement, no person having
such conflicting interest shall be employed. Any such interest on the part of
KPMG or it's employees, must be disclosed in writing to the CITY.
B. KPMG is aware of the conflict of interest laws of the City of Miami (City
of Miami Code Chapter 2, Article V); Dade County, Florida (Dade County
Code Section 2- 11.1) and the State of Florida, and agrees to fully comply
with said laws in all respects.
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XII. INDEPENDENT CONTRACTOR:
KPMG and its employees and agents shall be deemed to be independent contractors, and
no-t agents or employees of the CITY, and shall not attain any rights or benefits under the
Civil Service or Pension Ordinances of the CITY, or any rights generally afforded
classified or unclassified employees; further they shall not be deemed entitled to the
Florida Workers' Compensation benefits as employees of the CITY.
XIII. TERMINATION OF AGREEMENT:
The CITY retains the right to terminate this Agreement at any time during each of the fiscal
years of its term or any extension thereof prior to the completion of the services required
pursuant to Paragraph II hereof without penalty to the CITY. In that event, notice of
termination of this Agreement shall be in writing to KPMG, who shall be paid for those
services performed prior to the date of receipt of notice of termination.
XIV. NONDISCRIMINATION:
KPMG agrees that it shall not discriminate as to race, sex, color, religion, age, marital
status, national origin or handicap in connection with its performance under this
Agreement.
XV. MINORITY PROCUREMENT COMPLIANCE:
KPMG acknowledges that it has been furnished a copy of Ordinance No. 10538, the
Minority Procurement Ordinance of the City of Miami, and agrees to comply with all
applicable substantive and procedural provisions therein, including any amendments
thereto.
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XVI. CONTINGENCY CLAUSE:
Funding for this Agreement is contingent on the availability of funds and continued
authorization for program activities and is subject to amendment or termination by the
CITY due to lack of funds, or authorization, reduction of funds, and/or change in
regulations.
XVII. DEFAULT PROVISION:
In the event KPMG shall fail to comply with each and every term and condition of this
Agreement or fail to perform any of the terms and conditions contained herein, then the
CITY, in addition to other remedies available by law, may, upon written notice to KPMG,
cancel and terminate this Agreement, and all payments, advances, or other compensations
paid to KPMG by the CITY while KPMG was in default, shall be forthwith returned to the
CITY.
XVIII. ENTIRE AGREEMENT:
This instrument and its attachments constitute the sole and only agreement of the parties
hereto relating to the subject matter hereof and correctly sets forth the rights, duties, and
obligations of each to the other as of its date. Any prior agreements, promises,
negotiations, or representations not expressly set forth in the Agreement are of no force or
effect.
XIX. AMENDMENTS:
No amendments to this Agreement shall be binding on either party unless in writing and
signed by both parties.
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IN WITNESS WHEREOF, the parties hereto have caused this instrument to be executed
by the respective officials thereunto duly authorized, this day and year first above written.
CITY OF MIAMI, a municipal corporation of
ATTEST: the State of Florida
LOW
ATTEST:
WALTER FOEMAN, CITY CLERK
Approved as to form and correctness:
A. QUINN JONES, III, CITY ATTORNEY
RISK MANAGEMENT
EDWARD MARQUEZ, CITY MANAGER
KPMG PEAT MARWICK LLP
JOSE R. RODRIGUEZ, PARTNER
CITY OF MIAMI, FLORIDA
Chairman Teele and
Members of the CRA Board
FROM:
Annette Lewis, CPA
Chief Financial Officer
RECOMMENDATION
INTER -OFFICE MEMORANDUM ITEM 9
SEOPW/CRA
DATE: July 30, 2001 FILE:
SUBJECT: Resolution Authorizing
Extension of External Auditing
REFERENCES: Service with KPMG Peat
Marwick, LLC
ENCLOSURES:
Resolution
It is recommended that the Board of Directors of the Community Redevelopment Agency pass the
attached resolution authorizing two, one year extension of Professional Service Agreement with
KPMG Peat Marwick, LLP for external auditing services for the years ending September 30, 2000
and 2001 respectively.
BACKGROUND
Resolution 96-805 of the City of Miami authorized the City authorized the City Manager to
execute a Professional Services Agreement for external audit services with KPMG Peat Marwick,
LLP for fiscal years 1996, 1997, 1998. The CRA, an agency of the City of Miami, has the
opportunity and finds it advantageous to "piggy back" on City of Miami's existing contract with
KPMG Peat Marwick, LLP for external audit services.
It is expected that KPMG Peat Marwick will have Draft Audits for discussion in the December
2001 CRA Board meeting and the subsequent approval in January 2002 CRA Board meeting.
It is required that both year-end audits ensure that no funds have been commingled between Omni-
CRA and SEOPW-CRA.
Funding Source: CRA General Operating
Account Number: 689004.550011.6330.28059