HomeMy WebLinkAboutR-97-07100
J-97-690
10/2/97
97- 710
RESOLUTION NO.
A RESOLUTION AUTHORIZING THE CITY ATTORNEY TO ENGAGE
THE SERVICES OF OUTSIDE COUNSEL OR A TITLE INSURANCE
COMPANY TO ISSUE OR CAUSE TO BE ISSUED TITLE INSURANCE
FOR CERTAIN CITY -OWNED PROPERTIES, FOR A COST NOT TO
EXCEED THIRTY THOUSAND DOLLARS ($30,000.00), WITH FUNDS
THEREFOR HEREBY ALLOCATED FROM ACCOUNT CODE NO.
920205-250.
WHEREAS, Robert Smith, Esquire was engaged to represent the City of Miami in
various real estate transactions in connection with the City's land acquisition and scattered
site affordable housing programs; and
WHEREAS, upon review of the real estate transactions handled by Mr. Smith, it
was disclosed that title insurance had not been obtained for the properties he had acquired
on the City's behalf; and
WHEREAS, Mr. Smith has reimbursed the City Fifty Thousand Dollars
($50,000.00) to obtain said title insurance;
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.
CITY CobMssroar
b=ETINC OF
0 C T 14 1997
liesolution Dim
9'7- 710
Section 2. The City Attorney is hereby authorized to engage the services of
outside counsel or a title insurance company to issue or cause to be issued title insurance
for certain City -owned properties, for a cost not to exceed Thirty Thousand Dollars
($30,000.00), with funds therefor hereby allocated from Account Code No. 920205-250.
Section 3. This Resolution shall become effective immediately upon adoption.
PASSED AND ADOPTED this 14th day of October , 1997.
ATTEST•
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WALTER CFqtMA, CITY CLERK
BUDGETARY REVIEW:
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DIPAK ARE14k, DIRECTOR
OFFICE OF BUDGET & MANAGEMENT ANALYSIS
PREPARED AND APPROVED BY:
LINDA K. KEA SON
ASSISTANT CITY ATTORNEY
APPROVED AS TO FORM AND CORRECTNESS:
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JOE CAROLL AYOR
2
97- 710
0 0
CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
TO Honorable Mayor and Members
of the City Commission
October 6' 1997
DATE : FILE
SUBJECT: Request for outside counsel
re: title insurance service
Commission Meeting 10/14/97
FROM REFERENCES
A. Q 'nn lone , I
City Attorney ENCLOSURES: Resolution
Several years ago, Robert Smith, Esquire was engaged to represent the City of Miami,
Florida, in various real estate transactions in connection with the City's land acquisition and
scattered site affordable housing programs, which were funded with Community Development
Block Grant monies. Upon a recent review of the real estate transactions handled by Mr. Smith,
it was disclosed that, notwithstanding having received payment from the City, Mr. Smith had not
obtained title insurance for the properties he had acquired on the City's behalf. Mr. Smith has
reimbursed the City Fifty Thousand Dollars ($50,000.00) to obtain said title insurance.
Accordingly, it is respectfully recommended that the City Commission pass and adopt
the attached Resolution authorizing the City Attorney to engage the services of outside counsel
or a title insurance company to issue or cause to be issued title insurance for certain City -owned
properties. It is anticipated that the cost for such services and the premiums for the title
insurance should not exceed Thirty Thousand Dollars ($30,000.00), with funds therefor being
available from Account Code No. 920205-250.
Encs.
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