HomeMy WebLinkAboutLegislationCity of Miami
Legislation
Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.ci.miami.fl.us
File Number: 05-00961 Final Action Date:
A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE
EXPENDITURE OF BOND COUNSEL FEES AND COSTS, IN AN AMOUNT
APPROVED BY THE CITY ATTORNEY, FOR THE ENGAGEMENT OF
GREENBERG TRAURIG, P.A. TO PROVIDE BOND COUNSEL SERVICES, IN
CONNECTION WITH SPECIAL REVENUE REFUNDING BOND SERIES 1987;
ALLOCATING FUNDS FROM THE NON -DEPARTMENTAL ACCOUNT, FOR SAID
SERVICES; FURTHER AUTHORIZING THE CITY ATTORNEY TO EXECUTE THE
NECESSARY DOCUMENT(S) TO EVIDENCE THE CITY'S WAIVER OF A
POTENTIAL CONFLICT OF INTEREST IN THE ENGAGEMENT OF BOND
COUNSEL.
WHEREAS, the City of Miami ("City") wishes to consider alternatives regarding the Knight Center
Complex ("Property"); and
WHEREAS, Special Revenue Refunding Bond Series 1987 ("Bonds") impose certain restrictions
on the Property; and
WHEREAS, Greenberg Traurig, P.A. acted as the City's bond counsel in connection with the
original issuance of the Bonds; and
WHEREAS, Greenberg Traurig, P.A. represents Hyatt Corporation in several matters, including
matters relating to the Hyatt hotel located within the Property; and
WHEREAS, Hyatt Corporation has consented to Greenberg Traurig's representation of the City in
connection with the Bonds and has waived potential conflict of interest, if any, arising from its
representation of both parties; and
WHEREAS, Greenberg Traurig, P.A. has requested the City sign a waiver of potential conflict of
interest, if any, in connection with this matter;
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 adopted by
reference and incorporated as if fully set forth in this Section.
Section 2. The expenditure of bond counsel fees and costs, in an amount approved by the City
Attorney, for the engagement of Greenberg Traurig P.A. to provide bond counsel services, in
connection with Special Revenue Refunding Bond Series 1987, is authorized, with funds allocated
from the Non -Departmental Account, for said services.
Section 3. The City Attorney is authorized{1} to execute the necessary document(s) to evidence
the City's waiver of a potential conflict of interest in the engagement of bond counsel.
City of Miami Page 1 of 2 Printed On: 8/30/2005
• ` File Number: 05-00961
Section 4. This Resolution shall become effective immediately upon its adoption and signature of
the Mayor.{2}
APPROVED AS TO FORM AND CORRECTNESS:%'
f
JORGE F RNANDEZ
CITY T 0' NEY
Footnotes:
{1 } If the Mayor does not sign this Resolution, it shall become effective at the end of ten calendar days
from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective
immediately upon override of the veto by the City Commission.
City of Miami Page 2 of 2 Printed On: 8/30/2005