HomeMy WebLinkAboutR-94-0545RESOLUTION NO. 9 4 - 545
A RESOLUTION INCREASING THE COMPENSATION, IN
AN AMOUNT NOT TO EXCEED $26,331, AND
AUTHORIZING PAYMENT OF SAME TO THE LAW FIRM
OF FINE, JACOBSON, SCHWARTZ, NASH, BLOCK &
ENGLAND ("FINE JACOBSON") IN SATISFACTION OF
SAID FIRM'S FINAL BILL FOR SERVICES RENDERED
AS COUNSEL FOR THE CITY OF MIAMI BEFORE THE
UNITED STATES BANKRUPTCY COURT, SOUTHERN
DISTRICT OF FLORIDA, IN CONNECTION WITH THE
CHAPTER 11 BANKRUPTCY PROCEEDINGS FILED BY
MIAMI CENTER ASSOCIATES, LTD.; FURTHER
AUTHORIZING THE ENGAGEMENT OF, AND PAYMENT
TO, THE LAW FIRM OF' SEMET, LICKSTEIN, MORGAN,
STERN, BERGER, FRIEND, BROOKE AND GORDON
("SEMET LICKSTEIN"), IN AN AMOUNT NOT TO f
EXCEED $36,000, TO CONCLUDE REPRESENTATION OF
THE CITY IN THE AFOREMENTIONED PROCEEDINGS;
ALLOCATING FUNDS THEREFOR FROM THE CITY OF
MIAMI'S SELF-INSURANCE AND INSURANCE TRUST
FUNDS.
WHEREAS, pursuant to Resolution No. 92--532, adopted
September 10, 1992, the City Commission authorized the engagement
and payment to the law firm of Fine Jacobson to serve as counsel
in connection with the Chapter 11 bankruptcy proceedings filed by
Miami Center Associates, Ltd. (MCA); and
WHEREAS, pursuant to Resolution No. 93-420, adopted July 8,
1993, the City Commission authorized an increase in compensation
to Fine Jacobson for the reasons described therein; and
CITY COMMSSION
ndEEMNG OF
Resolution No.
94-- 545
WHEREAS, although Fine Jacobson reached the maximum levels
of its authorized compensation, the firm continued to provide
excellent services to the City pending authorization for
additional funds by the City Commission; and
WHEREAS, Fine Jacobson has been dissolved and submitted to
the City its final invoice for legal fees in the sum of $26,331;
and
WHEREAS, the attorney at Fine Jacobson representing the City
in these proceedings joined the law firm of Semet Lickstein, and
in order to continue the representation of the City, the City
Attorney authorized engagement of, and payments not to exceed
$4,500, to the law firm of Semet Lickstein; and
WHEREAS, Semet Lickstein has, through July 17, 1994,
incurred legal fees in the sum of $21,000 and anticipates
additional legal fees of $15,000 through completion of the
representation; and
WHEREAS, the representation of Semet Lickstein includes the
bankruptcy case and a State Court action, both of which are
anticipated to be dismissed as a result of the settlement
recently approved by the City Commission;
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.
94- 545
Section 2. An increase in compensation, in an amount not
to exceed $26,331, and payment of same to the lave firm of Fine
Jacobson in satisfaction of said firm's final bill for services
rendered as counsel for the City of Miami before the United
States Bankruptcy Court, Southern District of Florida, in
connection with the Chapter 11 bankruptcy proceedings filed by
Miami Center Associates, Ltd., are hereby authorized.
Section 3. The engagement of the law farm of Semet
Lickstein, and payment of fees to said firm, in an amount not to
exceed $36,000, to conclude representation of the City in the
aforementioned proceedings, are hereby authorized.
Section 4. Funds for the hereinabove are hereby
allocated from the City of Miami's Self -Insurance and Insurance
Trust Funds.
Section 5. This Resolution shall become effective
immediately upon its adoption.
PASSED AND ADOPTED this 26th day of July 1994.
ATT
MATTY HIRAI
CITY CLERK
PREPARED AND APPROVED BY:
OLGI�J RAMIREZ-SE XJAS
ASSYSTANT CITY ATTO NEY
ORS:csk:M4501
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5 - _Ow�_
- ?A STttHEN P. CLAR , MAYOR
APPROVED AS TO FORM AND
CORRECTNESS:
94- 545
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CITY UF- MIAMI, FLORIUA CA=6
INTER -OFFICE MEMORANDUM
TO: Honorable Mayor and Xembers DATE July 20, 1994 Flit
of the City Commiemion Stan rr '
{ Miami Center
Assooa �,eg+�,l.iFe®� ' Ltd. 1 i VK)M 1471 HU'CRENCES
A. nn nee, I I I
City At ney ENCLOSURE.';
At. the laots Commission Hooting. the Commission approved a
settlement In the Miami Center Aeeooia•tea, Ltd. oaee. �L the
settlement is approved by the bankruptoy court. the, banicruptey
ana state court sotioas will be dismissed.
The lav firm of Fine, Jauobxwz, Sahwartz, Aaarl, Block td
Wlend. ( "Fine J'aoobaon") repreacutod the city on this matter,
Fine Jacobson was recently dissolved and sent us their f'iml
invoice for services rendered in the amount of $�6,331
Commission appaoval to needed since the amount of this invoice
exoeede the ,fees auttorized by the Commission pursuant to
Reraol,utian NO. 03,420.
0.
Myrna, Brinker was the attorney at Fine Jacobson responzi.ble
for this vase. Upon dissolution of Fine Jacobson. No. Brinker
joined the firm Semet, .Liokstein, Horgan, Stern, Berger, Friend.
Brooke and Gordon C"Semet Liokstein"). In order to maintain
oontinuity in the city' >s representation, l authorized the
engagement; of Semet Lseksetein and payment to that firm not L•o
exceed $4,600.
semet Uokatein has, through this date, incurred legal fees
in tine num of $21, 000 . The firma anti.oipstes additional Nes not
to exoeed $ 31 e , 000 to con+olude thi.e matter.
It io r000mmended that the engagement: of Semen Liokgtei u be
ratified and payment of legal fees. not to exceed $36,000. be
authorized, at is also r000mclmaended that payment of Fine
Ja.aobson' a final Lill, in the amount of $26, 331 9 be approved.
ORB /osak
94- 545