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197A-95 RDA RESOLUTION NO. 197A-95 THE CHAIRMAN AND MEMBERS OF THE MIAMI BEACH REDEVELOPMENT AGENCY RATIFY THE ACTIONS OF THE MAYOR AND MEMBERS OF THE CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA IN PAYING ARTHUR ANDERSEN & CO. LLP THE SUM OF $90,000 AND IN EXCHANGING RELEASES WITH ARTHUR ANDERSEN & CO. LLP, IN FULL AND FINAL SETTLEMENT OF ARTHUR ANDERSEN & CO. LLP'S CLAIM FOR FEES AND EXPENSES IN CONNECTION WITH THE CONVENTION CENTER HOTEL PROJECTS. WHEREAS, the City of Miami Beach (the "City") retained Arthur Andersen & Co. LLP ("Arthur Andersen") to render certain services in connection with the request for proposals process regarding the development of two convention center hotels in Miami Beach; and WHEREAS, in connection with the performance of such services to the City, the City entered into a contract (the "Contract") with Arthur Andersen for the performance of consulting services; and WHEREAS, a dispute has arisen regarding the amount of money owed to Arthur Andersen pursuant to the Contract and in connection with the hotel projects; and WHEREAS, the City and Arthur Andersen tlave agreed on a full and final settlement of Arthur Andersen's claims for fees and expenses in connection with the convention center hotel projects and the Contract. NOW, THEREFORE, BE IT DULY RESOLVED BY THE CHAIRMAN AND MEMBERS OF THE MIAMI BEACH REDEVELOPMENT AGENCY that the Redevelopment Agency ratifies the actions of the Mayor and Members of the City Commission of the City of Miami Beach, Florida in authorizing and directing the Administration to do the following: 1. Pay Arthur Andersen the sum of $90,000; and 2. Execute a release in favor of Arthur Andersen and obtain a release in favor of the City of Miami Beach and the Miami Beach Redevelopment Agency from Arthur Andersen, in full and final settlement of Arthur Andersen's claim for fees and expenses in connection with the convention center hotel projects. PASSED and ADOPTED this 5th April ,1995. ATTEST: ,---;; L --. , l\.(.AkCv...& E. ~~- SECRETARY FORM APP~OVED LEGAJAfEPT.:t/~ ? . I 7"/ By- / {~lj/7Z~ ..... 9 ~ Date 7 / )-?~/ q~? / ( C :IWPWINSOIPIA \ANDERSEN RE2 2 Miami Beach Redevelopment Agency 1700 Convention Center Drive Miami Beach, Florida 33139 Telephone: (305) 673.7193 Fax: (305) 673-7772 REDEVELOPMENT AGENCY MEMORANDUM NO. 95-20 DATE: APRIL 5, 1995 TO: CHAIRMAN SEYMOUR GELBER MEMBERS OF THE MIAMI BEACH REDEVELOPMENT AGENCY FROM: LAURENCE FEINGOLD GENERAL COUNSEL L%:/ /! ~./ ROGER M. CARLTON EXECUTIVE DIRECTOR SUBJECT: SETTLEMENT OF MATTER INVOLVING ARTHUR ANDERSEN Recommendation: The General Counsel and Executive Director recommend that the Miami Beach Redevelopment Agency (the "Agency") ratify the actions of the City Commission in closing out the Arthur Andersen & Co., SC ("Arthur Andersen") contract for the negotiated sum of $90,000.00 and the exchange of a general release between the City and Arthur Andersen, in full and final settlement of Arthur Andersen's claim for services and related costs for the convention hotel bid solicitation and selection process. Analysis: Pursuant to that certain Consultant Agreement (the "Agreement"), dated July 31, 1993, between the City and Arthur Andersen, Arthur Andersen rendered certain services to the City in connection with the Convention Center Hotel Request for Proposals. A discussion has arisen over the amount of money in fees and costs owed to Arthur Andersen in accordance with that Agreement. In connection with the City Commission meeting of January 4, 1995, the City Attorney distributed Commission Memorandum No. 40-95 (copy attached) generally stating that of the $120,730 claimed by Arthur Andersen in its most recent invoice (attached as Exhibit "B" to the Commission Memorandum) only a portion of the fees and costs claimed should be paid and treated as work outside the scope of the Agreement. S()UTt1 V()I~ l2edevel()pment Ulitr1t:t CIIT CI:,...-rr12 l2edevelwment UIWit:t AGENDA ITEM 2-C April 5, 1995 Subsequent to that meeting, the City Attorney and City Administration conducted several meetings with Arthur Andersen and its counsel to attempt to resolve the matter. Arthur Andersen pointed out that, in between the production of its first tier report and the selection committee interviews, the City Attorney and City Administration called on Arthur Andersen numerous times to provide additional analysis and information in what was a very complicated request for proposal process involving numerous financial analyses. Arthur Anderson has estimated that its time spent from the production of the first tier report to the date of the selection committee interviews amounts to fees of $39,111 (see Exhibit "C" to the Commission Memorandum). The City Attorney and City Administration agree that Arthur Andersen did perform work outside the scope of the original Agreement in the period between the preparation of the first tier report and the Selection Committee interviews. Arthur Andersen is claiming that it is owed $195,730 by the City - $120,730 as listed on the invoice attached as Exhibit "B" to the Commission Memorandum and an additional $50,000 plus $25,000 to be paid to Arthur Andersen upon signing contracts regarding the first and second convention center hotels, respectively, as listed on Appendix B, Step 1\1 to the Agreement. Based on the numerous discussions and meetings held between the City and Arthur Andersen in the past several weeks, Arthur Andersen has stated that it is willing to settle in full for the amount of $90,000. However, Arthur Andersen has stated that, in the event that a settlement cannot be reached and it is necessary to proceed to arbitration in accordance with Paragraph 11 of Appendix A to the Agreement, it will seek the full $195,730. The City Attorney and City Administration agree that Arthur Andersen should be paid $68,211 ($29,100 from the invoice attached as Exhibit "B" to the Commission Memorandum and $39,111 for additional work performed as indicated in Exhibit "C" to the Commission Memorandum). If this matter is not resolved, arbitration will ensue pursuant to the Agreement and the City will incur certain expenses. Moreover, although the City Attorney is confident in his position on the legal issues involved, the issue of what decision will be reached by an arbitrator or arbitrators always involves some uncertainty. Accordingly, the General Counsel and Executive Director recommend that the Agency ratify the actions of the City Commission in paying Arthur Andersen an additional $21,789 for a total of $90,000 and obtaining a general release, in exchange for a full and final settlement of the matter. This amount is $105,000 less than the amount that would be claimed by Arthur Andersen under the arbitration provision of the Agreement. LF/AIT:pgr Enclosure c:\wpwin60\alex\andersen.cm 2