HomeMy WebLinkAboutR-93-0387J--93-420
6/9/93
j
RESOLUTION NO. _
A RESOLUTION APPROVING THE APPOINTMENT OF THE
LAW FIRMS OF FINE, JACOBSON, SCHWARTZ, NASH &
BLOCK AND THE MINORITY FIRM OF MANUEL
ALONSO-POCE TO PROVIDE BOND COUNSEL SERVICES
FOR THE PARTIAL REFUNDING OF THE CITY'S
OUTSTANDING $10,000,000 GENERAL OBLIGATION
BONDS DATED AUGUST 1, 1987, THE $18,400,000
GENERAL OBLIGATION BONDS DATED NOVEMBER 1,
1988 AND THE $10,000,000 GENERAL OBLIGATION
BONDS SERIES 1991 DATED JULY 1, 1991, IN THE
APPROXIMATE AGGREGATE AMOUNT OF $30,000,000,
WITH FUNDS FOR SAID SERVICES, IN AN AMOUNT
NOT TO EXCEED $12,500, PLUS EXPENSES IN THE
MAXIMUM AMOUNT OF $5,000, BEING ALLOCATED
FROM THE PROCEEDS OF SUCH REFUNDING.
WHEREAS, The City of Miami has determined that it would be
in its best interests to refinance its outstanding $10,000,000
General Obligation Bonds dated August 1, 1987, the $18,400,000
General Obligation Bonds dated November 1, 1988 and the
$10,000,000 General Obligation Bonds, Series 1991, dated July 1,
1991, in the approximate aggregate amount of $30,000,000; and
WHEREAS, the City Commission authorized the City Attorney,
pursuant to Resolution No. 93-288, adopted May 13, 1993, to
solicit bids from qualified law firms for the provision of bond
counsel services for such refinancing; and
WHEREAS, the law firms of Fine, Jacobson, Schwartz, Nash &
Block and Manuel Alonso-Poch submitted a low bid of $12,500 plus
a maximum of $5,000 in expenses;
CITY COMMSSIOIN
MEETING OF
JUN 2 9 1993
Reeolutim No
93- 38r} /
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF TFiF 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 appointment of the law firm of Fine,
Jacobson, Schwartz, Nash & Block and the minority firm of Manuel
Alonso-Poch to provide bond counsel services in connection with
the refunding of the City's outstanding outstanding $10,000,000
General Obligation Bonds dated August 1, 1987, the $18,400,000
General Obligation Bonds dated November 1, 1988 and the
$10,000,000 General Obligation Bonds, Series 1991, dated July 1,
1991, in the approximate aggregate amount of $30,000,000, is
Hereby approved, with funds for said services, in an amount not
to exceed $12,500 plus expenses of $5,000, being hereby allocated
from the proceeds of such refunding.
Section 3. This Resolution shall become effective
immediately upon its adoption.
PASSED AND ADOPTED this 29th day Of June 1993.
AT 4S, j XAVIER SUAR , MAYOR
0
MATTY HIRAI
City Clerk
-2-
93- 387
RIM
PREPARED AND APPROVED '.3 :
RAFAEL O. DSAZ
Deputy City Attorney
ROD/pb/M3650
APPROVED AS TO FORM AND
CORRECTNESS:
A. Q N J ES, Yti
City At ney
MLfl
93- 387
th TER-OUTICT NIFfitC?C;AP.lUUM
Honorable Mayor and Members June 17, 1993
of the City Commission
Appointment of
Bond Counsel
Quinn cT es, III HE:FRENCES City Commission Meeting
City Atto hey June 29, 1993
Pj'"i0SURES C1
The City Commission, at its meeting of May 13, 1993,
authorized the City Attorney to solicit bids from qualified law
firms for the partial refinancing of its outstanding $10,000.000
General Obligation Bonds, dated August 1, 1987, the $18,400,000
General Obligation Bonds, dated November 1, 1988, and the
$10,000,000 General Obligations Bonds, Series 1991. dated July 1,
1991, in the approximate aggregate amount of $30,000,000.
We recommend that you approve the firm of Fine, Jacobson,
Schwartz, Nash & Block and the minority firm of Manuel Alonso-Poch
to provide bond counsel services as their bid of $12,500, plus
expenses in the amount of. $5,000, was the lowest bid received.
ROD:csk