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Res No 094-11-13408RESOLUTION NO. 94-11-13408 A Resolution directing the City Manager to pay Luis Reiter, with the firm of Squire Sanders and Dempsy LLP the sum of $19,467.17 for services rendered for the period May 2, 2011 through May 31, 2011. 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 2002a and 2006 Bond financing; and WHEREAS, Mr. Reiter has submitted an invoice in the amount of $19,467.17 for the period May 2, 2011 through May 31, 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 City Manager is hereby - directed -to pay.. Squire_ Sanders ,&, the sum of.. $19,467.17 as per Resolution No. 115 -10 -13149 dated June 2, 2010. Section 2. This Resolution shall take effect upon adoption. Passed and adopted this 14 tWay of June 2011. ATTEST: CITY CLERK- MM P 4 MAYOR COMMISSION VOTE: 4 -0 Mayor Stoddard: Absent Vice Mayor Newman: Yea Commissioner Palmer: Yea Commissioner Beasley: Yea Commissioner Harris: Yea Page 1 of 1 SQUIRE LEGAL SANDERS COUNSEL WORLDWIDE Alfredo Riverol, CPA Cr.FA Finance Director City of South Miami, Florida 6130 Sunset Drive South Miami, Florida 331 314' SQUIRE, SANDERS & DEMPSEY (US) LLP 200 South Biscayne Boulevard, Suite 4100 Miami, FL 33131 Office: +1.305.577.7000 Fax: +1.305.577.7001 1,6 -07 -11 A09:45 OUT June 2, 2011 Municipal Parking Garage Indebtedness Dear Alfredo: Enclosed please find our statement for services rendered and costs incurred for the month of May 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 trul yours, is Reiter LR:ge Enclosure cc: Thomas Pepe, Esq. MIAMI/4267448.1 SQUZRE9 SANDERS & D mmy (US) LLP BE nNG, BERLIN* BIRMINGHAM* BRATISLAVA BRUSSELS* BUDAPEST CINCINNATI CLEVELAND COLUMBUS- FRANKFURT HONG KONG HOUSTON KYIv LEEDS* LONDON* LOS ANGELES MADRID*- MANCHESTER* MIAMI- MOSCOW NEW YORK NORTHERN VIRGINIA PALO ALTO PARIS*, PHOENIX PRAGUE RIO DE JANEIRO SAN FRANCISCO - SANTO DOMINGO - SAO PAULO. SHANGHAI TAMPA TOKYO WARSAW- WASHINGTON DC WEST PALM BEACH 1NDEPENDENT NETWORK FIRMS: BEIRUT- BOGOTA BUCHAREST BUENOS AIRES CARACAS DUBLIN LA PAZ LIMA PANAMA RIYADH SANTIAGO 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 Account #576762314 Invoice Number: 8638392 Invoice Date: 06/02/11 Matter Number: 028597.00004 $ 21,472.00 $ (2,147.20) $ 142.37 $ 19,467.17 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.Reiter @ssd.com Please Include Reference Number 8638392.28597 with all Payments Tax Identification Number 34- 0648199 Squire, Sanders & Dempsey (US) I LP 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 SQUIRE, SANDERS & DEMPSEY (US) LLP BEIJING BERLIN* BIRMINGHAM *, BRATISLAVA BRUSSELS* BUDAPEST CINCINNATI- CLEVELAND COLUMBUS FRANKFURT HONGKONG HOUSTON KYIV LEEDS* LONDON *, LOS ANGELES MADRID* - MANCHESTER* - MIAMI MOSCOW NEW YORK NORTHERN VIRGINIA, PALO ALTO PARIS* PHOENIX PRAGUE RIO DE JANEIRO SAN FRANCISCO SANTO DOMINGO SAO PAULO SHANGHAI TAMPA TOKYO WARSAW WASHINGTON DC. WEST PALM BEACH INDEPENDENT NETWORK FIRMS: BEIRUT BOGOTA BUCHAREST � BUENOS AIRES - CARACAS. DUBLIN LA PAZ LIMA PANAMA RIYADH SANTIAGO City of South Miami, Florida Invoice Number: 8638392 Alfredo Riverol, CPA Cr.FA Invoice Date: 06/02/11 Finance Director Matter Number: 028597.00004 South Miami City Hall 6130 Sunset Drive South Miami, Florida 33143 REMITTANCE COPY Municipal Parkina Garage INVOICE SUMMARY Fees: $ 21,472.00 Less Discount on Services: $ (2,147.20) Disbursements: $ 142.37 Amount Due for this Invoice: $19,467.17 PAYMENT INSTRUCTIONS Remit Check Payments to: Remit Wire Payments to: Direct Ruling Inquiries to: Squire, Sanders & Dempsey (US) LLP Squire, Sanders & Dempsey (US) LLP Luis Reiter P.O. Box 643051 US Bank 200 South Biscayne Boulevard Cincinnati, OH 45264 425 Walnut St. Cincinnati, OH 45264 Suite 4100 Phone: 216.687.3400 Bank Routing #042000013 Miami, FL 33131 Fax: 216.687.3401 Bank Account #576762314 United States Phone: +1.305.577.7000 For Wires outside the US: Fax: +1.305.577.7001 US Bank, USA email: Luis.Reiter @ssd.com SWIFT Code: USBKUS441MT Bank Account 9576762314 Please Include Reference Number 8638392.28597 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 of separate legal entities. Please visit www.ssd. com for more information. *Squire, Sanders & Dempsey (UK) LLP 06/02/11 Page I MUNICIPAL PARKING GARAGE SQUIRE, SANDERS & DEMPSEY (US) LLP 028597.00004 South Miami, City of / Municipal Parking Garage Invoice Number: 8638392 LEGAL SERVICES DATE HOURS TIMEKEEPER NARRATIVE 05/02/11 0.70 T. Cooper Telephone conference with J. Theberge regarding redemption; email to E. Marquez regarding redemption schedule. 05/02/11 0.80 L. Reiter Review of Land Acquisition Loan documents for antidilution and related covenants; emails regarding same. 05/03/11 2.40 T. Cooper Draft memorandum to city regarding IRS VCAP status; review comments; email exchanges regarding same and to set a call tomorrow regarding same. - - -- 05/03/11 0.80 L. Reiter 05/04/11 2.80 T. Cooper 05/04/11 1.50 L. Reiter 05/04/11 1.80 D. Wall 05105111 0.30 T. Cooper 05105111 0.50 L. Reiter 05105111 0.40 D. Wall 05/06/11 0.30 T. Cooper 05/09/11 0.70 T. Cooper Review of 2001 FMLC Loan documents; o-mails to City regarding antedilution test and Commission approval. Telephone conferences and email exchanges regarding memorandum comments; revise and recirculate; send to City. Preparation of memorandum regarding IRS VCAP; follow -up regarding same. Review and revise draft memo regarding status of IRS negotiations and settlement proposal and emails regarding same; telephone call regarding same. Telephone conference regarding City signs agreement along with the League; emal exchange regarding sending memorandum to E. Marquez. Call with A. Riverol regarding memorandum on status of VCAP; followup regarding same. Prepare audit letter response regarding SEC and IRS and emails regarding same. Forward email from S. Haycock; email exchanges and telephone conferences regarding same. Message exchange with A. Riverol; telephone conference regarding revisions to memorandum; make revisions and send clean and redline drafts. 05/09/11 0.50 L. Reiter Revisions to SSD memorandum to reflect latest IRS responses; calls regarding same. SQUIRE, SANDERS & DEMPSEY (US) LLP IY3:7&VyK41414M' 06/02/11 South Miami, City of / Municipal Parking Garage Page 2 Invoice Number: 8638392 05110111 0.50 T. Cooper Telephone conferences regarding send revised memorandum as soon as City signs off on principal balances; revisions to memorandum. 05110111 0.60 L. Reiter Calls with A. Riverol regarding open issues in memorandum; followup regarding same. 05/11/11 0.30 T. Cooper Email exchange regarding memorandum with revised balance for SunTrust loan. 05/11/11 1.50 L. Reiter Revisions to VCAP Memorandum and distribution of same; o-mails with E. Marquez regarding required computations and schedules; assembling documents and forwarding to E. Marquez; review of Loan Agreement regarding timing for defeasance and calls with E. Marquez. 05/13/11 0.50 T. Cooper Telephone conference with E. Marquez and J. Tindel regarding schedules they are running and redemption. 05/17/11 0.00 A. Letter Review of time entry and docket records, survey of timekeepers and preparation of audit responses, including descriptions of reportable matters where appropriate. 05/19/11 1.10 T. Cooper Review refunding numbers; email to E. Marquez and J. Tindal regarding same; telephone conference regarding same; review revised numbers; email exchange with J. Tindal. 05/19/11 0.80 L. Reiter Review of First Southwest refunding numbers; o-mails regarding same; call with E. Marquez and J. Tindal regarding assumptions in numbers and publicly offered bonds vs. bank loan. 05/20/11 0.50 L. Reiter Review of FMLC bond documents and SunTrust Loan documents regarding redemption provisions; review of new number runs prepared by First Southwest; entails regarding same. 05/23/11 1.00 T. Cooper Conference call. 05/23/11 1.50 L. Reiter Conference call with H. Mirabile, A. Riverol, E. Marquez and J. Tindal to discuss number runs, refinancing options, presentation to Commission and discussions with FMLC and SunTrust; follow -up conference call with E. Marquez regarding financing schedule and review and comment on schedule. 05/23/11 0.20 D. Wall Emails with Sean ONeill (SEC attorney), Tom Pepe regarding additional SEC subpoena for records. 05/24/11 120 T. Cooper Review mark up of Commission resolution, comments, review revised version, sign off. 05/24/11 2.30 L. Reiter Review of draft resolution approving IRS settlement; comments regarding same and redrafting; SQUIRE, SANDERS & DEMPSEY (US) LLP 028597.00004 06/02/11 South Miami, City of / Municipal Parking Garage Page 3 Invoice Number: 8638392 distribution to working group; calls and e•mails regarding same; review of antrdilution test schedules. 05/26/11 0.30 T. Cooper Telephone conference regarding Commission meeting. 05/26/11 3.50 L. Reiter Review of documents in preparation for Commission meeting; attendance at Commission meeting. 05/26/11 0.40 D. Wall Review and evaluate new subpoena addressed to Thomas Pepe; telephone call with Sean O'Neill of SEC enforcement office regarding same. 05/27/11 0.80 D. Wall Review City Commission action regarding potential IRS settlement and email SEC attorney regarding same; email with Tom Pepe regarding SEC additional subpoena and requested testimony of Adrianna Hussein; evaluate issues regarding sLbpoena, proposed testimony, and 05/31/11 1.50 T. Cooper Telephone conference regarding redemption; telephone conference with J. Theberge regarding status, need to call S. Haycock regarding settlement agreement; regarding overall cost; telephone conference with J. Theberge and S. Haycock regarding same. 05/31/11 0.20 P. Hernandez Review City Charter relating to requirements for incurring debt. TOTAL HOURS FOR THIS MATTER: 32.20 TOTAL SERVICES: $ 21,472.00 DISBURSEMENT SUMMARY Telephone 142.37 TOTAL. DISBURSEMENTS: $ 142.37 06/02/11 Page 4 MATTER TOTAL SUBTOTAL SERVICES: LESS 16.0% DISCOUNT: SERVICES LESS DISCOUNT: TOTAL DISBURSEMENTS: TOTAL AMOUNT DUE FOR THIS MATTER: SQUIRE, SANDERS & DEMPSEY (US) LLP 028597.00004 South Miami, City of / Municipal Parking Garage Invoice Number: 8638392 $ 21,472.00 $ (2,147.20) $19,324.80 $142.37 $19,467.17