HomeMy WebLinkAboutOMNI-CRA-R-03-0004OMNI/CRA ITEM 9
RESOLUTION NO. 0 3 - 04
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
OMNI COMMUNITY REDEVELOPMENT AGENCY ("CRA")
AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE
AN AGREEMENT, IN A FORM ACCEPTABLE TO THE
CITY ATTORNEY, WITH A CERTIFIED PUBLIC
ACCOUNTING ("CPA") FIRM, PURSUANT TO THE
RECOMMENDATION MADE BY KPMG, LLP, EXTERNAL
AUDITORS FOR THE CRA; DIRECTING THAT KPMG,
LLP SHALL NOT BE INVOLVED IN THE SELECTION OF
THE CPA FIRM; AND FURTHER DIRECTING THAT THE
CPA SHALL BE DESIGNATED AS A SOLE SOURCE
VENDOR FOR THE PURPOSE OF ASSISTING THE CRA
FINANCE DEPARTMENT: (1) IN FORMULATING A
REMEDY FOR MATTERS DISCLOSED IN THE
MANAGEMENT LETTER, ISSUED BY KPMG, LLP,
PERTAINING TO THE OMNI AND SOUTHEAST
OVERTOWN/PARK WEST FINANCIAL STATEMENTS FOR
FISCAL YEARS ENDING SEPTEMBER 30, 2000 AND
SEPTEMBER 30, 2001; AND (2) WITH ANY OTHER
FINANCIAL FUNCTION OR MATTER REQUIRING THEIR
INPUT OR ASSISTANCE, FOR A TOTAL FEE NOT TO
EXCEED $30,000.
WHEREAS, the Board of the Directors is desirous of insuring
compliance with Section 163.387(8), Florida Statutes, pertaining
to the financial reporting of trust funds; and
WHEREAS, the external auditor has made recommendations to
assist the CRA in complying with current statutory reporting
requirements pertaining to trust funds.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE OMNI COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI,
FLORIDA:
®NM/CR.
03- 04
i
Section 1. The recitals and findings contained in the
Preamble to this Resolution are incorporated herein as if fully
set forth in this Section.
Section 2. The Executive Director is authorized to
execute an agreement, in a form acceptable to the City Attorney,
with a certified public accounting firm, pursuant to the
recommendation made by KPMG LLP, external auditors for the CRA.
Section 3. It is directed that KPMG, LLP shall not be
involved in the selection of the certified public accounting
firm, and that the firm shall be designated as a sole source
vendor for the purpose of assisting the CRA Finance Department:
(1) in formulating a remedy for matters disclosed in the
management letter, issued by KPMG, LLP, pertaining to the Omni
and Southeast Overtown/Park West financial statements for fiscal
years ending September 30, 2000 and September 30, 2001; and (2)
with any other financial function or matter requiring their
input or assistance.
Section 4. It is further directed that the total fee
shall be in an amount not to exceed $30,000.
Section 5. This Resolution shall be effective upon its
adoption.
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O/CRA
03- 04
PASSED AND ADOPTED this 27th day of January, 2003.
ATTEST:
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PRISCILLA A. THOMPSON
CITY CLERK
APPROVED AS TO FORM
AND CORRECTNESS:
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