HomeMy WebLinkAboutSEOPW-CRA-R-03-0005•
SEOPW/CRA ITEM 9
RESOLUTION NO. 0 3 - 0
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,
WITH A CERTIFIED PUBLIC ACCOUNTING ("CPA")
FIRM, PURSUANT TO THE RECOMMENDATION MADE BY
KPMG, LLP, EXTERNAL AUDITORS FOR THE CPA;
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 SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY
OF THE CITY OF MIAMI, FLORIDA:
SE®PW/CRA
03 - .05 ;
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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PASSED AND ADOPTED this 27th day of January, 2003.
ATTEST:
(T'�' �- e "I&!24�
PRISCILLA A. THOMPSON
CITY CLERK
APPROVED AS TO FORM
AND CORRECTNESS:
97A-NDRO VILARELLO
TY ATTORNEY
SEOPW/CRA R-03-05:ELF
ARTHUR E. TEELE, JR. CHAIRMAN
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03 W 05