HomeMy WebLinkAboutR-96-0008J-96-46
1/8/96 9 6 - 8
RESOLUTION NO.
A RESOLUTION AUTHORIZING THE CITY ATTORNEY TO
ENGAGE THE LAW FIRM OF HOLLAND & KNIGHT AND
THE MINORITY FIRM OF STEVEN E. BULLOCK TO
PROVIDE BOND COUNSEL SERVICES FOR THE
FINANCING OF THE OFF-STREET PARKING
DEPARTMENT'S CONSTRUCTION OF A PARKING
GARAGE, TO BE LOCATED AT 710 N.W. 20TH
STREET, MIAMI, FLORIDA, AND THE RELATED REAL
ESTATE TRANSACTION; ALLOCATING FUNDS
THEREFOR, IN AN AMOUNT NOT TO EXCEED $45,000,
PLUS EXPENSES, IN AN AMOUNT NOT TO EXCEED
$5,000, FROM BOND SALE PROCEEDS.
WHEREAS, the Department of Off -Street Parking of the City of
Miami has determined that it would be in its best interests to
construct a parking garage at 710 N.W. 20 Street, Miami, Florida,
to provide parking for the Lindsey Hopkins Technical Education
Center; and
WHEREAS, the Board of the Department of Off -Street Parking's
selection and engagement of qualified bond counsel, is subject to
concurrence by the City Attorney, and approval of the City
Commission; and
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 engagement, by the City Attorney, of the
law firm of Holland & Knight and the minority firm of Steven E.
Bullock for the provision of bond counsel services in connection
with the financing of the Off -Street Parking Department's
construction of a parking garage to be located at 710 N.W. 20th
Street, Miami, Florida, and related real estate transaction, is
hereby authorized, with funds therefor hereby allocated, in an
amount not to exceed $45,000, plus expenses in an amount not to
exceed $5,000, from bond sale proceeds.
Section 3. This Resolution shall become effective
immediately upon its adoption.
PASSED AND ADOPTED this 25th
-r
_ day of January , 1996.
<aAQA_Q�9__
s
STEP EN P. CLAR , MAYOR
APPROVED AS TO FORM AND
CORRECTNESS:
A.INN J NES, III
CITY AT EY
96—
1 -
r
CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDI 14
Honorable Mayor and Members January 12, 1996
TO ` of the City Commission DATE : FILE
FROM. AQu nn Joe II
.
City Attorn
j
i
i
{
wo.
Recommendation
SUBJECT : Engagement of Bond
Counsel/DOSP
REFERENCES: For City Commission
Meeting of 1/25/96
ENCLOSURES:
It is recommended that the attached Resolution engaging the law firm of Holland & Knight and
the minority firm of Steven B. Bullock to provide bond counsel services in connection with the
financing of the Off -Street Parking Department's construction of a parking garage and related real
estate transaction be approved by the City Commission.
Background.
The Department of Off -Street Parking (DOSP) is in discussion with Dade County Public Schools
(DCPS) regarding construction of a 879-space parking garage at 710 N.W. 20 Street to serve the
parking needs at the Lindsey Hopkins Technical Education Center. The scenario contemplated
involves financing, construction and operation of the garage by DOSP on land owned by the
School Board pursuant to a long term lease agreement, With DCPS paying the annual debt service
on the bonds, as well as an annual operating fee.
In order to proceed with contract negotiations between DOSP and DCPS, it is necessary to
engage bond counsel services. Fees for said services shall not exceed $45,000, plus expenses in
an amount not to exceed $5,000.
csk
CK:DocumcnQ
96-