HomeMy WebLinkAboutCRA-R-12-0076 10-29-12 LegislationCity of Miami
Legislation
CRA Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 12-01237 Final Action Date:
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("CRA")
AUTHORIZING THE EXPENDITURE OF FUNDS, UP TO $131,134.80, WITH
HOLLAND & KNIGHT, LLP FOR LEGAL SERVICES RENDERED IN CONNECTION
TO THE NON -RECOURSE BOND ISSUE LOAN SOUGHT BY THE CRA TO
FINANCE REDEVELOPMENT ACTIVITIES; AUTHORIZING THE EXECUTIVE
DIRECTOR TO EXECUTE ALL DOCUMENTS NECESSARY FOR SAID PURPOSE;
ALLOCATING FUNDS FROM SEOPW, "PROFESSIONAL SERVICES - LEGAL"
ACCOUNT CODE NO. 10050.920101.531000.0000.00000.
WHEREAS, the Southeast Overtown/Park West Community Redevelopment Agency ("CRA")
has occasional need of special counsel to provide legal services to the CRA; and
WHEREAS, the Board of Commissioners, by Resolution No. R-12-0028, passed and adopted
on April 30, 2012, authorized the CRA to seek a non -recourse bond issue loan secured by a pledge tax
increment revenues, in an amount not to exceed $50,000,000, to finance redevelopment activities; and
WHEREAS, the CRA retained Holland & Knight, LLP to render legal services in connection to
the non -recourse bond issue loan, and the CRA has been presented invoices for said services in the
amount of $131,134.80; and
WHEREAS, the Board of Commissioners wishes to authorize the expenditure of funds in an
amount not to exceed $131,134.80, with Holland & Knight, LLP for legal services rendered in
connection to the non -recourse bond issue loan sought by the CRA to finance redevelopment
activities;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE
SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY 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 herein as if fully set forth in this Section.
Section 2. The Executive Director is authorized to expend up to $131,134.80 with Holland
& Knight, LLP, for legal services rendered in connection to the non -recourse bond issue loan sought
by the CRA to finance redevelopment activities.
Section 3. Funds are to be allocated from SEOPW Tax Increment Fund, "Professional Services
- Legal," Account Code No. 10050.920101.531000.0000.00000.
Section 4. This Resolution shall become effective immediately upon its adoption.
City of Miami Page I of 2 File Id: 12-01237 (Version: 1) Printed On: 10/19/2012
File Number: 12-01237
APPROVED AS TO FORM AND CORRECTNESS:
JULIE O. BRU
GENERAL COUNSEL
City of Miami Page 2 of 2 File Id: 12-01237 (Version: 1) Printed On: 10/19/2012