HomeMy WebLinkAboutM-92-0460L
CITY OF MlAtM. FLORIDA
INTER -OFFICE MEMORANDUM
Honorable Mayor and Members
of the City Commission
ROM
DATE J V id L ? � FILE
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SUBJECT Resolution Authorizing
Professional Accounting
Services for the SW North
REFERENCESRiver Drive Property UDP
Cesar H. Odl `� ENCLOSURES. For City Commission
City Manager Meeting of 7/9/92
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It is respectfully recommended that the City Commission adopt the
attached Resolution authorizing the City Manager to enter into a
Professional Services Agreement, in a form acceptable to the City
Attorney, with the certified accounting firm of Peat Marwick Main
& Company in association with the minority -owned firm of Grau &
Company, to analyze the financial viability of proposals to be
submitted for the Unified Development Project (UDP) on City -owned
property located between S.W. 2nd and 3rd Streets along S.W.
North River Drive; in an amount not to exceed $26,100 based on
$8,700 fee per proposal for the evaluation of up to three
proposals to be submitted September 8, 1992, plus out-of-pocket
expenses not to exceed 10% of the actual fee paid; further
authorizing compensation from funds available in the Department
of Development and Housing Conservation's FY 1992-93 Budget, to
be reimbursed to the City by the successful proposer.
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The Department of Development recommends that the attached
Resolution be adopted by the City Commission on July 9, 1992,
thereby authorizing the City Manager to enter into an agreement
for the acquisition of professional accounting services for the
S.W. North River Drive Property proposal submissions due
September 8, 1992.
On May 14, 1992, the City Commission adopted Resolution No. 92-
326 authorizing the issuance of a Request for Proposals (RFP) for
the Unified Development Project (UDP) on City -owned property
located between S.W. 2nd and 3rd Streets along S.W. North River
Drive, Miami, Florida.
92- 466
1 !-1
Honorable Mayor and Members
of the City Commission
Page 2
Section 29-A(c) of the City Charter requires analysis of
proposals by a certified pL.lic accounting firm. Resolution No.
92-326 further selected the accounting firm of Peat Marwick Main
and Company in association with the minority -owned accounting
firm of Grau and Company, to perform the analysis.
The scope of services to be performed by the accounting firms
include an analysis of the financial viability of the development
teams, the proposed financing strategies, and an assessment of
the short and long range economic returns to the City.
Compensation for said services in an amount not to exceed $26,100
will be determined based on an $8,700 fee per proposal for the
evaluation of up to three proposals to be submitted September 8,
1992, plus out-of-pocket expenses not to exceed 10% of the actual
fee paid. 50% of the amount of fees to be paid will be received
by the minority -owned firm of Grau and Company for their
participation in the analysis of proposal submissions. Funding is
available from the professional services account of the
Department of Development FY 1992-93 Budget.
The successful proposer of this Unified Development Project, upon
execution of a negotiated lease agreement with the City, is
required to reimburse the City the full cost of professional
accounting services, as stated in the Request for Proposals
document.
Attachments:
Proposed Resolution
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