HomeMy WebLinkAboutR-80-0798RESOLUTION No.' S O - 7 9 8
A RESOLUTION APPROVING THE MOST QUALIFIED CONSULTING
FIRMS TO PROVIDE FINANCIAL ADVISORY SERVICES FOR
PROPOSED DOWNTOWN GOVERNMENT CENTER PARKING PROJECT;
AUTHORIZING THE CITY MANAGER TO UNDERTAKE CONTRACT
NEGOTIATIONS WITH THE MOST QUALIFIED FIRMS ON A
ROTATING NON -CONTINGENT BASIS FOR SAID PROJECT; TO
ARRIVE AT A CONTRACT WHICH IS FAIR COMPETITIVE AND
REASONABLE; ALLOCATING $150000.00 FROM THE PARKING
CAPITAL PROJECTS FUND TO COVER THE COST OF SAID
CONTRACT FOR SAID PROJECT; AND DIRECTING THE CITY
MANAGER TO PRESENT THE PROPOSED CONTRACT TO THE
CITY COMMISSION AT THE EARLIEST SCHEDULED MEETING OF
THE COMMISSION AFTER NEGOTIATIONS OF SAID CONTRACT
FOR APPROVAL BY THE COMMISSION PRIOR TO EXECUTION
THEREOF.
WHEREAS, the City Commission, by Resolution No. 80-49,
dated January 24, 1980, temporarily designated parking structure
projects as Category B projects with respect to the planning and
design thereof, in accordance with Ordinance No. 8965; and
WHEREAS, in the implementation of the design and construc-
tion of the project, the City Manager solicited expressions of
interest from qualified financial consultants and evaluated the
qualifications of those firms which responded to his inquiry, then
selected the most qualified firms for providing financial advisory
services; and
WHEREAS, it is in the best interests of the City of Miami
to engage a professional financial consultant to assist the City in
arranging for the financing of this project;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE
CITY OF MIAMI, FLORIDA:
Section 1. The City Commission approves the selection by
the City Manager of the following firms as the most qualified to
provide financial advisory services for the proposed Downtown
Government Center Parking Facility project: "UUCUk"k-N I INDEX
Firm No. 1. James J. Lowery & Company
ITEM ND..
Firm No. 2: William R. Flougli & Co.
Firm No. 3: Dean Witter Reynolds Inc.
cmr COMMISSION
MEETING OF
OCT? 0 1980
w m1.u110N NO
80-'7
J
Section 2, The City Commission authorizes the City Manager
or his designee to negotiate a financial advisory services agreement
on a noncontinrent basis with the first firm listed in Section 1
herein for such services in amount not to exceed $15,000.00.
In the event the City Manager is unable to negotiate with
said firm an agreement which in his opinion is fair, reasonable and
competitive, then the City Manager shall terminate negotiations and
proceed to negotiate with the second firm listed in Section 1 herein,
or to negotiate with the third firm so listed if the second negotiations
fail.
Section 3. The City Commission directs the City Manager to
present the proposed contract to the City Commission at the earliest
scheduled meeting of the Commission after negotiations have been
completed for said contract for approval by the Commission prior to
execution thereof.
Section 4. The City Commission authorizes the City Manager
to expend an amount not to exceed $15,000.00 from the Parking Capital
Projects Fund for said services.
PASSED AND ADOPTED this 30th day of OCTOBER 1980.
ATTEST:
C ty Clerk F
PREPARED AND APPROVED BY:
Asst City Attorney
t1AURICE A. FERRE
M A Y 0 R
! 4
APP kCity
O FORM ND C RECTNESS:
Attorney
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tn: Richard Fosmoen
City Manager
Morris I. aufmann
Asst to he City Manager
October 17, 1980 - ".-
;;",,:: Proposed Resolution for Financial
Consulting Services in Regard to
the Proposed Downtown Government
Center Parking Project
Zr
It is recommended
that the proposed resolution
e a opted by the
City Comm ss on approving r r
the City Manager's
recommendation for financial
consulting firms;
authorizing the City Manager
--
t t to n a
zeemen or professional
I--s .
o
o nego ia g
services; directing the C ty Manager to resent
the agreement to the
City Commission or approval
0
before execution; an
authorizing the C ty
Manager
to expend an amount
not to exceed $15,000
from
the Parking Cap1tal
Projects Fund for said
services.
On the advice of the City's bond Counsel, Brown, Wood, Ivey, Mitchell
& Petty, the City advertised in the Daily Bond Bar for a financial
consultant to assist the City in arranging for a revenue bond sale
for the Proposed Downtown Government Center Parking project. Thirteen
nationally known firms responded to the advertisement and three were
found most qualified to provide the services.
The resolution provides .for the City Commission approving the City
Manager's list of firms in rank order; for the City Manager to
negotiate an agreement for financial consulting services in sequence
in event negotiations fail.; for the City Manager to present the
agreement to the City Commission for approval prior to execution; for
the City Manager to expend an amount not to exceed'$15,000 from the
Parking Capital Projects Fund.
It is recommended that the resolution be adopted.
MIK/mim
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