HomeMy WebLinkAboutR-91-0109J-91436
1/29/91 -
RESOLUTION NO. ! 109
A RESOLUTION AUTHORIZING THE CITY MANAGER TO
EXECUTE AMENDMENT NO. 4, IN SUBSTANTIALLY THE
FORM ATTACHED, TO AN AGREEMENT BETWEEN THE
CITY OF MIAMI AND DELOITTE & TOUCHE,
CERTIFIED PUBLIC ACCOUNTANTS, IN ASSOCIATION
WITH SHARPTON, BRUNSON & COMPANY, P.A.;
VERDEJA, IRIONDO & GRAVIER; AND WATSON &
COMPANY, P.A., FOR RENDERING ANNUAL
COMPLIANCE REPORTS REQUIRED BY BOND
INDENTURES FOR THE MIAMI CONVENTION CENTER
AND THE GOVERNMENT CENTER PARKING GARAGE
FINANCINGS, AND FOR THE PREPARATION OF A
SEPARATE AUDIT REPORT FOR THE S. E.
OVERTOWN/PARKWEST REDEVELOPMENT TRUST, WITH
FUNDS IN AN AMOUNT NOT TO EXCEED $20,000
THEREFOR ALLOCATED FROM THE FISCAL YEAR 1991
OPERATING BUDGETS OF THE DEPARTMENT OF
CONFERENCES, CONVENTIONS, AND PUBLIC
FACILITIES, THE GOVERNMENT CENTER PARKING
GARAGE ENTERPRISE FUND, AND THE S. E.
OVERTOWN/PARKWEST REDEVELOPMENT TRUST FUND,
AS FOLLOWS: $7,500 FROM ACCOUNT NO. 350119-
340, $7,500 FROM ACCOUNT NO. 260221-340, AND
$5,000 FROM ACCOUNT NO. 550108-340.
BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI,
FLORIDA:
Section 1. The City Manager is hereby authorized to execute
Amendment No. 4, in substantially the attached form, to an
agreement between the City of Miami and Deloitte & Touche,
Certified Public Accountants, in association with Sharpton,
Brunson & Company, P.A.; Verdeja, Iriondo & Gravier; and Watson &
Company, P.A., for rendering annual compliance reports required
by bond indentures for the Miami Convention Center and the
Government Center Parking Garage financings and for the
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preparation of a separate audit report for the S. E.
Overtown/Parkwest Redevelopment Trust,with funds in an amount not
to exceed $20,000, therefor hereby allocated from the Fiscal Year
1991 Operating Budgets of the Department of Conferences,
Conventions, and Public Facilities, the Government Center Parking
Garage Enterprise Fund, and the S. E. Overtown/Parkwest
Redevelopment Trust Fund, as follows: $7,500 from Account No. `
350119-3401 F $7, 500 from Account No. 260221-340, and $5, 000 from
Account No. 550108-340. _
IATTACHMENTS
I CONTAINED
Section 2. This resolution shall
immediately upon its adoption pursuant to law.
PASSED AND ADOPTED this 14th day of February , 1991.
ATTEST:
MATTY GIRAI, CITY
z
CARL E. GARCIA, DIRECTOR
FINA14tE DEPARTMENT
B MANOfWR SURANA, DIRECTOR
BUDGEIML
DEPARTMENT
APPROVED AS TO FORM AND
CORRECTNESS:
4JGE9 L. RNANDEZ
CITY ATTO EY
-2-
AMENDMENT NO. 4
This is an Amendment to the Professional Services Agreement
hereinafter ("Agreement") dated 1st of December, 1989 by and
between the City of Miami, a municipal corporation of the State
of Florida (hereinafter "CITY"), and Deloitte Haskins & Sells,
predecessor to firm to Deloitte & Toucne, certlrlea FUD11C
Accountants; Sharpton, Brunson & Company, P.A.; Verdeja, Iriondo
& Gravier; and Watson & Company, P.A. (hereinafter
"CONSULTANTS").
RECITAL
WHEREAS, the bond indentures for the Special Obligation
Bonds issued by the City to finance the Miami Convention Center
and the Government Center Parking Garage require annual
compliance reports.
WHEREAS, Florida Statutes require an annual audit to be
conducted of the S. E. Overtown/Parkwest Redevelopment Trust.
WHEREAS, the Agreement with the CONSULTANTS allow for the
performance of extra work.
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NOW, THEREFORE, the parties agree to amend the Agreement as
follows:
Article V, Sections G and H shall read:
"Compensation to the CONSULTANTS for the
fiscal year 1990 compliance reports
required by the bond indentures of the
Special Obligation Bonds issued to finance
the Miami Convention Center and the
Government Center Parking Garage will not
exceed $15,000".
"Compensation to the CONSULTANTS for the
separate audit report for the S. E.
Overtown/Parkwest Redevelopment Trust will
not exceed $5,000."
0
"Witness our hands and seals this clay of
1091.
ATTEST:
RATTY HIRAI, CITY CLERK
ATTEST:
CORPORATE SECRETARY
APPROVED.BY%
HUMBERTO HERNANDEZ
ASSISTANT CITY ATTORNEY
APPROVED AS TO FORM
AND CORRECTNESS:
JORGE L. FERNANDEZ
CITY ATTORNEY
CITY OF MIAMI, a municipal
corporation of the State
of Florida
BY:
CESAR ii. ODIO
CITY MANAGER
CONSULTANTS:
BY:
DELOITTE
& TOUCHE
CERTIFIED
PUBLIC ACCOUNTANTS
BY:
SHARPTON,
BRUNSON &
CO., P.A.
BY:
VERDEJA,
IRIONDO &
GRAVIER
BY:
.
WATSON &
COMPANY
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CITY OF MIAMI, FLOAIDA
INTER -OFFICE MEMORANDUM
To: Honorable Mayor and Members
of the ity Commission
FROM : Cesar H. Odio
• City Manager
RECOMMENDATION:
CAwl-2-
BATE : J AN � � ��^ � FILE
SUBJECT: y
Agenda Item
Amendment to Agreement
REFERENCES With External Auditors
ENCLOSURES:
It is respectfully recommended that the attached ''resolution
authorizing the City Manager to execute Amendment No. 4, in
substantially the form attached, to an agreement between the City
of Miami and Deloitte & Touche, Certified Public Accountants, in
association with Sharpton, Brunson & Company, P.A.; Verdeja,
Iriondo & Gravier; and Watson & Company, P.A., for rendering
annual compliance reports required by bond indentures for the
Miami Convention Center and the Government Center Parking Garage
financings, and for the preparation of a separate audit report
for the S. E. Overtown/Parkwest Redevelopment Trust with funds in
an amount not to exceed $20,000 therefor allocated from the
fiscal year 1991 operating budgets of the Department of
Conferences, Conventions and Public Facilities, the Government
Center Parking Garage Enterprise Fund, and the S. E.
Overtown/Parkwest Redevelopment Trust Fund, be approved.
BACKGROUND:
The bond indentures for the Special Obligation Bonds issued to
finance the Miami .Convention Center and the Government Center
Parking Garage require.annual compliance reports to be submitted
to the Trustees for those bond issues. These reports incorporate
compliance testing to financial information already audited by
the City's external auditors.
Florida Statutes require separate annual audit reports for
Community Redevelopment Agencies, such as the S. E.
Overtown/Parkwest Redevelopment Trust.
The Department of Finance recommends adoption of attached
resolution authorizing the City Manager to execute an amendment
to the agreement with the City's external auditors, Deloitte &
Touche, Certified Public Accountants, in association with
Sharpton,.Brunson & Company, P.A.; Verdeja, Iriondo & Gravier;
and Watson & Company, P.A., to cover the additional audit and
compliance work as well as the preparation of the required
reports.