Res No 101-10-13135RESOLUTION NO: 101-10-13135
A Resolution of the Mayor and City Commission of the City of South
Miami, Florida, accepting the recommendation of the City's Audit
Committee to conduct a complete audit of the books and records of Mark
Richman Properties, Inc. in connection with its operation of the parking
garage which is the subject of a March 11, 2005 Lease Agreement
between the City of South Miami and Mark Richman Properties, Inc.; and
providing an effective date.
Whereas, pursuant to Section 218.391, Fla. Stat, the City has established an Audit
Committee to select an individual or firm to conduct the annual audit of the City's books and
records, and
Whereas, the City's Audit Committee has determined that it is in the City's best
interest to conduct a complete audit of the books and records of Mark Richman
Properties, Inc., in connection with the operation of a parking garage which is the subject
of a March 11, 2005 Lease in Agreement between the City of South Miami and Mark
Richman Properties, Inc., and
Whereas, pursuant to Section 19.4.4 of the Lease Agreement the City has the right
to inspect the books and records of Mark Richman Properties, Inc., and
Whereas, the City's Audit Committee was not specifically tasked with drafting
and seeking a request for proposals to conduct an audit of the books and records of Mark
Richman Properties, Inc., but is willing to do so provided that the City Commission
delegates such task to the Audit Committee.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY
COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA:
Section 1. The City Commission finds it to be in the best interests of the
residents of the City to conduct a complete audit of the books and records of Mark
1
Res. No. 101 -10 -13135
Richman Properties, Inc. in connection with its operation of the parking garage which is
the subject of a March 11, 2005 Lease Agreement between the City of South Miami and
Mark Richman Properties, Inc.
Section 2. The City's Audit Committee shall draft and issue a request for
proposals for accounting firms or individuals to enable the City to conduct a complete
audit of the books and records of Mark Richman Properties, Inc. in connection with its
operation of the parking garage which is the subject of a March 11, 2005 Lease
Agreement between the City of South Miami and Mark Richman Properties, Inc.
Section 3. Upon receipt of the proposals the Audit Committee shall meet and
recommend to the City Commission three individuals and/or firms to conduct the audit.
Thereafter, the City Commission shall determine whether it desires to fund the cost of the
audit and if so, which individual or firm should be hired to conduct the audit.
Section 4. This Resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED this 4th day of May 2010.
ATTEST: APPROVED
� �L�-
- 0
CLERK—
MAYO
READ APPROVED AS T FORM:
CITY ATTORNEY
F)
COMMISSION VOTE: 5 -0
Mayor Stoddard:
Yea
Vice Mayor Newman:
Yea
Commissioner Palmer:
Yea
Commissioner Beasley:
Yea
Commissioner Harris:
Yea