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HomeMy WebLinkAboutR-91-0708L-1 J-91-782 9/25/91 RESOLUTION NO. A RESOLUTION, WITH ATTACHMENT(S), AUTHORIZING THE CITY MANAGER TO EXECUTE AN AMENDMENT TO THE AGREEMENT DATED AUGUST 3, 1990, IN SUBSTANTIALLY THE ATTACHED FORM, WITH SHARPTON, BRUNSON & COMPANY, P.A., CERTIFIED PUBLIC ACCOUNTANTS, INCREASING COMPENSATION, IN AN AMOUNT NOT TO EXCEED $1,256.25, FOR SERVICES RENDERED PURSUANT TO A REQUEST BY THE CITY RELATED TO PERFORMING ADDITIONAL ANALYSES OF THE FINANCIAL CAPABILITIES OF THE SELECTED DEVELOPER (BAYSIDE SEAFOOD RESTAURANT, INC. AND VIRGINIA MARINA, INC.) TO DEVELOP THE VIRGINIA KEY BASIN PROPERTY; ALLOCATING FUNDS THEREFOR FROM FY 1991-'92 BUDGETED FUNDS OF THE DEPARTMENT OF DEVELOPMENT AND HOUSING CONSERVATION, ACCOUNT NO. 590101-280. WHEREAS, Resolution No. 90-449 selected the certified public accounting firm of Sharpton, Brunson and Company in association with Aldo Lastra, to analyze proposals submitted by developers and render a written report of its finding to the City Manager r for the Virginia Key Basin project (the "Project"); and I ii WHEREAS, in February, 1991, said certified public accountants submitted a written report for the one (1) proposal i` submitted by Bayside Seafood Restaurant, Inc. and the Virginia -fi Key Marina, Inc. in response to the Virginia Key Basin Request i for Proposals; and J WHEREAS, additional services were requested in analyzing subsequent financial information received from the selected i developer to demonstrate the development team's ability to - i implement the proposed Project; 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. ATTAC IH11 VI N S I CONTAINED CITY COMIISSION NLLMG OF OCT S 1991 91-- 70 - U UA Section 2. The City Manager is hereby authorized to execute an amendment to the agreement dated August 3, 1990 in substantially the attached form, with Sharpton, Brunson and Company, P.A., Certified Public Accountants, increasing compensation, in an amount not to exceed $1,256.25, for services rendered pursuant to a request by the City related to performing additional analyses of the financial capabilities of the selected developer (Bayside Seafood Restaurant Inc. and Virginia Key Marina, Inc.) to develop the Virginia Key Basin property, with funds for said services being hereby allocated from FY 1991-192 budgeted funds of the Department of Development AND HOUSING CONSERVATION, Account No. 590101-280. Section 3. This Resolution shall become effective immediately upon its adoption. PASSED AND ADOPTED this 3rd ATTE T: MATTY HIRAI CITY CLERK FINANCIAL REVIEW: CARL 51 E. GARCIA, DIRECTOR DEPA MENT OF FINANCE BUDGETARY REVIEW: /191146 MANOHAR S. A, DIRECTOR DEPARTMENT OF GET PREPARED AND APPROVED BY: LINDA K. KHARSON / CHIEF ASSISTANT CITY ATTORNEY APPROVED AS TO FORM AND CORRECTNESS: W. QUM JOIVI CTING CIT TORNEY AQJ;gb:bss:M2525 - 2 - day of, -*October XAVIER L. SUAREZ, , 1991. 91-- f i AMENDMENT NO. I i THIS AMENDMENT, made this day of , 1991, to an Agreement dated August 3, 1990 by and between the CITY OF MIAMI, a municipal corporation of the State of Florida, hereinafter referred to as the "CITY", and Sharpton, Brunson & Company, P.A., Certified Public Accountants, (hereinafter referred to as "CONSULTANT"). RECITAL WHEREAS, Resolution No. 90-449 adopted June 7, 1990 authorized the City Manager to execute an Agreement with Sharpton, Brunson & Company, P.A., Certified Public Accountants to analyze proposals to be submitted in response to the Request for Proposal for the Virginia Key Basin Project. WHEREAS, the City of Miami required additional analysis for the selected developer for the Virginia Key Basin Project. NOW, THEREFORE, THE CITY AND THE GRANTEE MUTUALLY AGREE TO AMEND THE AGREEMENT DATED AUGUST 3, 1990 AS FOLLOWS. 4 1. III, COMPENSATION 3 i i The City shall pay the Consultant, as a maximum compensation for the services performed, a fee not to exceed $23,256.25. j IT IS FURTHER UNDERSTOOD THAT ALL CONDITIONS OUTLINED UNDER THE ORIGINAL AGREEMENT OF AUGUST 31 1990, SHALL REMAIN IN FULL FORCE AND EFFECT WITHOUT MODIFICATION EXCEPT TO THE EXTENT MODIFIED HEREIN. a CITY OF MIAMI, a Municipal Corporation of the State of Florida ATTEST% MATTY HIRAI CESAR H. ODIO CITY CLERK CITY MANAGER ATTEST: CONSULTANT: SHARPTON, BRUNSON AND COMPANY CORPORATE SECRETARY PARTNER AUTHORIZED TO EXECUTE INSTRUMENTS ON BEHALF OF THE FIRM APPROVED AS TO FORM AND CORRECTNESS: CITY ATTORNEY •a CITY OF MIAMI, FLORIDA #k CAM7 INTER -OFFICE MEMORANDUM TO Honorable Mayor and Members of the City Commission IRON' Cesar H. Odio V City Manager DATE SUBJECT Resolution Amending Sharpton, Brunson Co. Contract/Virginia Key REFERENCES Basin UDP For Commission Meeting ENCLOSURES of October 3, 1991. It is respectfully recommended that the City Commission adopt the attached Resolution amending an Agreement, in substantially the form attached with Sharpton, Brunson and Company, P.A., Certified Public Accountants in an amount not to exceed $1,256.25, from 1991-92 funds allocated to the Development Division of the Department of Development and Housing Conservation (590101-280), for services requested by the City related to performing additional financial analyses of the selected developer's (Bayside Seafood Restaurant, Inc., and the Virginia Key Marina, Inc.) capabilities to develop the Virginia Key Basin Property. . R911 The Department of Development and Housing Conservation recommends adoption of a Resolution authorizing the execution of an Amendment to Sharpton, Brunson and Company contract in the amount of $1,256.25, from 1991-92 funds allocated to the Development Division of the Department of Development and Housing Conservation (590101-280). Resolution No. 90-449 selected the certified public accounting firm of Sharpton, Brunson and Company in association with Aldo Lastra, to analyze proposals and render a written report of it's finding to the City Manager for the Virginia Key Basin project. The City Commission through Resolution 91-276 adopted in principle the selection of Bayside Seafood Restaurant, Inc. and Virginia Key Marina Associates, Inc. as the successful proposer for the Virginia Key Basin Property. The developer was required to submit additional financial information to demonstrate the development team's capabilities to complete the planning and design, construction, lease and management of the Restaurant project. Sharpton, Brunson and Company was requested to perform the analysis of the additional financial information. The attached amendment represents the final payment for those services. Attachments: 1� Proposed Resolution Proposed Amendment CA -?-I 91- 708