Res No 082-11-13396RESOLUTION NO. 82 -11 -13396
A Resolution of the Mayor and City Commission of the City of South Miami,
Florida, directing the Finance Director to pay Luis Reiter, with the firm of
Squire Sanders and Dempsy LLP the sum of $ 8,677.28 for services rendered
for the month of April 2011; and providing an effective date.
WHEREAS, Mr. Reiter was hired as an attorney on behalf of the City of South Miami
by Resolution No. 115 -10- 13149, dated June 2, 2010, to review, evaluate, and analyze the
outstanding Bond issues related to the Municipal Parking Garage, including 2002 Bond
financing in the amount of $6,500,000 and 2007 Bond financing in the amount of $5,500,000;
and
WHEREAS, Mr. Reiter has submitted an invoice in the amount of $ 8,677.28 for the
month of April, 2011; and
WHEREAS, the City Attorney has examined the invoice and recommends payment
based upon prior contract adopted by Resolution No. 115 -10 -13149 dated June 2, 2010.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY
COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA, THAT:
Section 1. The Finance Director is hereby directed to pay Squire Sanders & the sum of
$ 8,677.28 as per Resolution No. 115 -10 -13149 dated June 2, 2010.
Section 2. This Resolution shall take effect upon adoption.
PASSED AND ADOPTED THIS 26th day of May 2011.
ATTEST:
CITY CLERK
APPROVE
MAYOR
COMMISSION VOTE:
4 -0
Mayor Stoddard:
Yea
Vice Mayor Newman:
Yea
Commissioner Palmer:
Yea
Commissioner Beasley:
absent
Commissioner Harris:
Yea
SQUME
LEGAL
Sa�� ��s
COUNSEL
WORLDWSDE
May 4, 2011
Alfredo Riverol, CPA CY.FA
Finance Director
City of South Miami, Florida
6130 Sunset Drive
South Miami, Florida 33143
Re: Municipal Parking Garage Indebtedness
Dear Alfredo:
SQUIRE, SANDERS & DEMPSEY (US) LLP
200 South Biscayne Boulevard, Suite 4100
Miami, FL 33131
Office: +1.305.577.7000
Fax: +1.305.577.7001
Enclosed please find our statement for services rendered and costs incurred for the month
of April in connection with the captioned matter.
We appreciate the opportunity of being of service to the City. Should you have any
questions, please do not hesitate to call.
Very trui yours,
uis Reiter
LR:ge
Enclosure
cc: Thomas Pepe, Esq.
MIAM114266595A
SQUIRE, SANDERS & DEMPSEY (US) LLP
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City of South Miami, Florida
Alfredo Riverol, CPA Cr.FA
Finance Director
South Miami City Hall
6130 Sunset Drive
South Miami, Florida 33143
Municipal Parking Garage
INVOICE SUMMARY
Fees:
Less Discount on Services:
Disbursements:
Amount Due for this Invoice:
Remit Check Payments to:
Squire, Sanders & Dempsey (US) LLP
P.O. Box 643051
Cincinnati, OH 45264
Phone: 216.687.3400
Fax: 216.687.3401
PAYMENT INSTRUCTIONS
Remit Wire Payments to:
Squire, Sanders & Dempsey (US) LLP
US Bank
425 Walnut St. Cincinnati, OH 45264
Bank Routing #042000013 .
Bank Account #576762314
For Wires outside the US:
US Bank, USA
SWIFT Code: USBKUS44IMT
Bank Amount 4576762314
Invoice Number:
8632562
Invoice Date:
05 /04/11
Matter Number:
028597.00004
$ 9,617.00
$ (961.70)
$ 21.98
$ 8,677.28
Direct Billing Inquiries to:
Luis Reiter
200 South Biscayne Boulevard
Suite 4100
Miami, FL 33131
United States
Phone: +1,305.577.7000
Fax: +1.305,577.7001
email: Luis.ReiterL7assd.com
Please Include Reference Number 8632562.28597 with all Payments
Tax Identification Number 34- 0648199
Squire, Sanders & Dempsey (US) LLP is part of the international legal practice Squire, Sanders & Dempsey which practices in locations
worldwide through a number ofseparate legal entities. Please visit www.ssd.com for more information.
*Squire, Sanders & Dempsey (UK) LLP
05/04/11
Page I
SQUIRE, SANDERS & DEMPSEV (US) LLP
028597.00004
South Miami, City of / Municipal Parking Garage
Invoice Number: 8632562
MUNICIPAL PARKING GARAGE
LEGAL SERVICES
DATE HOURS TIMEKEEPER
NARRATIVE
04/12/11 0.50 T. Cooper
Telephone conference regarding message from W. Trazenfeld; follow -up telephone conference
regarding same.
04/12/11 0.20 D. Wall
Telephone call regarding request by Warren Trazenfeld for information regarding IRS
negotiations.
04/13/11 0.70 T. Cooper
Voice mail and email to T. Pepe regarding Trazenfeld call; telephone conference with T. Pepe
regarding same; brief T. Pepe regarding status; telephone conference with W. Trazenfeld
regarding same.
04/18/11 0.20 D. Wall
Emails with Sean O'Neill of SEC and Tom Pepe and Alfredo Riverol regarding testimony of
Eliza Rassi regarding FMLC compliance certificate.
04/20/11 0.20 D. Wall
Emails with SEC staff attorney and City regarding testimony of Eliza Rassi.
04/21/11 0.80 L. Reiter
Review of documents for response to FMLC Compliance Certificate; calls and emails
regarding same.
04/21/11 0.80 D. Wall
Telephone calls and emails with Thomas Pepe and emails with SEC staff attorney, Alfredo
Riverol regarding Eliza Rassi testimony, FMLC compliance letter; review loan agreement
covenants regarding compliance issue.
04/22/11 1.50 T. Cooper
Telephone conference with J. Theberge regarding revised settlement offer from IRS; email to
T. Pepe regarding same.
04/22/11 0.40 D. Wall
Emails with City and SEC staff attorney regarding SEC investigation, FMLC compliance letter,
IRS status, and evaluation of same.
04/25/11 1.50 T. Cooper
Email to T. Pepe and A. Riverol regarding retraction from S. Haycock regarding defeasance of
2006 Bonds, email exchange with J. Theberge regarding same, telephone conferences regarding
same.
04/25/11 1.20 T. Cooper
Telephone conference with J. Theberge, telephone conference with J. Theberge and S. Haycock
SQUIRE, SANDERS & DEMPSEY (US) LLP
028597.00004
05/04/11 South Miami, City of / Municipal Parking Garage
Page 2 Invoice Number: 8632562
regarding IRS offer.
04/25/11
0.20 D. Wall
Evaluate IRS and SEC status and emails with Alfredo Riverol regarding same.
04/26/11
0.50 T. Cooper
Email exchanges regarding City Resolution and must approve agreements, need time frame for
redemption and refl.
04/26/11
0.80 L. Reiter
Telephone calls with A. Riverol and E. Marquez regarding status with IRS and next steps;
review of documents regarding Commission action needed; follow*up e -mails and calls.
04/26/11
0.30 D. Wall
Evaluate SEC and IRS status and options and settlement issues and emails regarding same.
04/28/11
0.50 T. Cooper
Email exchange with S. Haycock regarding his latest offer, forward his offer to City.
04/28/11
0.80 L. Reiter
Telephone call with E. Marquez to brief him on current status and next steps; review of FMLC
Loan Agreements and Southwest Loan Agrement covenants regarding additional indebtedness
and tests to be met.
04/28111 0.10 D. Wall Email Tom Pepe regarding FMLC compliance letter status.
04/29/11 1.70 T. Cooper Conference call with Manager, Finance Director, City Attorney and Financial Advisor;
telephone conference with J. Theberge regarding results of conference call; telephone
conference with S. Haycock and J. Theberge regarding same.
04/29/11 1.80 L. Reiter Conference call with H. Mirabile, T. Pepe, A. Riverol and E. Marquez to discuss status of
VCAP and refinancing; review of existing loan agreement covenants and emailing anti - dilution
tests and documents to working group; follotwup a -mails and calls regarding additional loan
documents.
04/30/11 0.10 T. Cooper Emails to E. Marquez and City team regarding financial analysis.
TOTAL HOURS FOR THIS MATTER:
14.80
TOTAL SERVICES: $ 9,617.00
05/04111
Page 3
SQUIRE, SANDERS & DEMPSEY (US) LLP
028597.00004
South Miami, City of / Municipal Parking Garage
Invoice Number: 8632562
DISBURSEMENT SUMMARY
Printing/duplicating -in -house 14.70
Telephone 7.28
TOTAL DISBURSEMENTS: $ 21.98
MATTER TOTAL
SUBTOTAL SERVICES: - $ 9,617.00
LESS 10,0% DISCOUNT: $(961.70)
SERVICES LESS DISCOUNT: $ 8,655.30
TOTAL DISBURSEMENTS: $ 21.98
TOTAL AMOUNT DUE FOR THIS MATTER: $ 8,677.28