Loading...
180-94 RDA RESOLUTION NO. 180-94 A RESOLUTION OF THE MIAMI BEACH REDEVELOPMENT AGENCY (AGENCY) AUTHORIZING THE CHAIRMAN AND SECRETARY TO PAY ARTHUR ANDERSON & CO., SC FOR SERVICES RENDERED IN CONNECTION WITH THE CONVENTION CENTER HOTEL PROJECTS. WHEREAS, Arthur Andersen & Co., SC ( II Arthur Andersen II ) performed various services for the City of Miami Beach/Agency in connection with the Convention Center Hotel projects, pursuant to a contract between Arthur Andersen and the City; and WHEREAS, the contract with provision for the performance of itemized services; and Arthur Andersen additional work contains a beyond the WHEREAS, the Agency requested additional work from Arthur Andersen in connection with the hotel projects; and WHEREAS, such additional work consisted of, among other things, preparing a financial evaluation of the qualified proposers, preparing a joint report on the short-listed proposers and attendance and participation at the short-listed proposers' presentations; and WHEREAS, Arthur Andersen has billed the City/Agency for such additional work, plus expenses, in the amount of $90,548.00, which amount includes a 25% discount; and WHEREAS, as a result of the efforts of Commissioner Eisenberg in negotiating with Arthur Andersen for a fee reduction, that balance to the City/Agency has now been reduced to $70,548.00; and WHEREAS, additional services in an amount not to exceed $20,000.00 are expected to be requested from Arthur Andersen in the future in connection with the hotel negotiations; and WHEREAS, this $20,000.00 in expected future work added to the balance due for prior work equals a total balance of $90,548.00. WHEREAS, the Greater Miami Convention and Visitors Bureau (IIGMCVBII), under a reimbursable agreement of up to $150,000 per year, has a credit remaining of $28,341.50, which will pay for a portion of the monies owed to Arthur Andersen, leaving a net balance to the City/Agency in the amount of $62,206.00; and WHEREAS, the City/Agency will receive that credit from GMCVB after the City/Agency pays the monies to Arthur Andersen. NOW, THEREFORE, BE IT DULY RESOLVED BY THE CHAIRMAN AND MEMBERS OF THE MIAMI BEACH REDEVELOPMENT AGENCY that the Chairman and Secretary hereby are authorized to pay Arthur Andersen the sum of $90,548.00 as provided above. PASSED and ADOPTED THIS , 1994. ATTEST: ~,~l~ r_~ SECRETARY FORM APPROVED REDEVELOPMENT AGENCY GENERAL COUNSEL By JC ) Date J\ -I ~ - '\ ~ SUMMARY OF ARTHUR ANDERSEN INVOICES AND PAYMENTS Contract fee structure as approved by City Commission on 7/31/94: Step 1. $50,000 Development and marketing of RFP Step 2. $10,000 Per proposal received meeting RFP criteria Step 3. $50,000 Signed contract for firsl hotel $25,000 Signed contract for each additional hotel Note: Contract specified that expenses (travel, telephone, per diems, etc.) were to be billed separately. Contract also specified that production, printing and distribution of RFP's to be done in-house by the City. Greater Miami Convention and Visitors Hun~au ((;MCVR) Contract $150,000 $150.000 $300,000 A vailahle FY 9] jt)4 Available FY ()-I/l).'\ Total assistance for payment of Arthur Andersen Contract Actual fees billed by Arthur Andersen to date: Services $50,000.00 $50,000.00 Services $ 80,000.00 $ 6,700.00 $ 70,548.00* $ 20.000.00* $177,248.00 Expenses $ 23,946.00 $ 65,683.00 $ 40.862.50 $130,491.50 Expenses $ 4,467.00 $ 4,467.00 Total $ 73,946.00 $ 65,683.00 $ 40,862.50 $180,491.50 Total $ 84,467.00 $ 6,700.00 $ 70j-l8.00* $ 20,llOll.llO* $181,715.110 Note: (*) Outstanding amount Total Services $ 75,000.00 $ 75,000.00 $302,248.00 Expenses $134,958.50 $ 75,OOO.llO $ 75,000.00 $437,206.50 Explanation Step I services Additional scope of preparing RFP document plus retainer of (;ralillo, Inc., for production and printing of RFP, subcontracted by Arthur Andersen upon approval hy City Manager. Not within original scope of contract. Production and printing of RFP, billed by directly by Grafitto, Inc. Sub-Total - Step 1 Services Explanation Step 2 services - 8 proposals (ell $10,000 per proposal Re-cvaluation of proposals requested hy the City Preparation of joint linancial report with Bear Stearns, not within miginal scope of contract. Additional authorized services as required Sub-Total. Step 2 Services Explanation Anticipated Step 3. Services, based on signed contracts for the Loews and the HCF projects Sub-Total - Anticipated Step 3. Services Total Anticipated Fees Total payments made on Arthur Andersen contract to date: Date Billed Amount 8/93 2/94 $ 26,200.00 $ 40,862.50 5/94 $ 82,937.50 $ 30.491.50 $113,429.00 8/94 $ 91,167.00 Total: $271.658.50 Paid By Explanation GMCVB Initial invoicl~ Step 1 services GMCYB RFP produC'ion &. printing. Paid directly to Grafitto, Inc. G MCYB Redev Agency. Total Balance Step I services Redev Agency. Initial invoicc Stcp 2 services Actual Amount Received by Arthur Andersen: 5230,796.00 Note: (.) To be reimbursed by GMCVB as of 10/1/94 Total fees currently and anticipated outstanding Billed 9/13/94, pending Preparatioll of joint tinancial report with Bear Stearns, not within llriginal sCCipe of contract. Not billed yet Additional authorized services Not billed yet Upon execLltion of Loews contract Not billed yet Upon execLltion of HCF contract Total Estimated Fees Outstanding Amount Status $ 70,548.00 $ 20,000.00 $ 50,000.00 $ 25.000.00 $165,548.00 EXlllanatiol! $271.658.50 $165.548.00 $437.206.50 Billed Outstanding Total Anticipated payments un Arthur Andersen Contract: GMCVB Reimbursement Schedule '5300,OOO.llll Total Available (FY 93/94 + 94/95): Less: 8/93 Invoice paid 2/94 Invoice paid 5/94 Invoice paid 5/94 Due Redev Agency 8/94 Due Redev Agency Total: $ 26,200.00 $ 40,862.50 $ ~2,937jO $ 30,49 I jO $ 91.167.00 $271,658.50 S 2X,J-B.50 (Remaining Credit as 01' 11/1/94) Estimated Remaining Fees to Arthur Andersen: Less Remaining Credit I'rom GMCVB Total Estimated Out-ol'-Pocket Expenses to Cit~': $ 165,548.00 28,341.00 ~ 137,20ll.50 v ~'HUK f'\.L ~ uERSe'J 4 ( . AJmiUR ANDEJtSSII&C a SC INVOICE Septetnber 13, 1994 Mr. Roger Carlton Oty of MLuni Beech 1100 Convention Center Drive Miami Beach. FL 33129 '" RefeftlliCe No. MIA03203 Additional billing for phase n - 5c?1ection of developmEnt proposall Ac:11VITY ~Il of fIa'-w evaluatioll of quaUtied pt'D~ coordt~oa and review of aoalr1il witIa Bear, SteaDLI aad coolllblation with the Cil:!r ~ Ollke, at the ftCJ1led of the City of Miami 'filed . Hma ~te per Hoar ~btotll 3-t $350 $11.,900 30 350 10,500 94 2SO 23,500 24 110 ~ 53 150 7950 SO 90 4SOO 1. M. SteJn J(. Lawler L. Marier B. Hyre It. Calleja C. Rete 2. prepuatlOll of a jolDt report Oil the Ihort-UJ'JtK pl'OpOlled, per atyte zeq.eat H21UI Rate per Hoar M. Stein 16 ~ J(. Lawler 32 350 L.Marie1' 40 2SO It. CaJleja 16 IS(] Subtotal $5,(JOO 11,200 10,000 2.400 AttesulaDre &ad putidpad01l at .hort-Uabd pdlpoHd p~' at cay-. requHt. lima Bate per How:: M. Stein 24 350 J(. Lawler 24 3541 3. .. Out-of-pocket ~ Travel COtnputer time, telephone (long distanee) faxes. federal express. report typing and reproduction, etc. ~htobll $8,400 8,400 : Total: Less 2SJ. rlwcoant: J*\~ Ammtnl ORe: Arthur Andeam u.P Suite noo OM Biscayne Tower Miami n 33131-1801 305 314 3700 I$l $62,430 29,200 16,800 12.300 $120,130 L)O.l821 l..sa Miami Beach Redevelopment Agency 1700 Convention Center Drive Miami Beach, Florida 33139 Telephone: (305) 673-7193 Fax: (305) 673-7772 REDEVELOPMENT AGENCY MEMORANDUM NO. 94-47 November 16, 1994 To: Chairman and Members of the Board of the Redevelopment Agency From: Roger M. Carlton I () Executive Director ~ SUBJECT: AUTHORIZATION TO PAY ARTHUR ANDERSEN FOR ALREADY RECEIVED SERVICES RELATED TO THE HOTEL DEVELOPER SELECTION PROCESS IN THE AMOUNT OF $70,548 AND TO AUTHORIZE ADDITIONAL WORK UP TO $20,000 FOR SERVICES AS NECESSARY DURING THE CONVENTION HOTEL NEGOTIATIONS PROCESS. ADMINISTRATION RECOMMENDATION It is recommended that the City Commission and the Redevelopment Agency Board authorize payment to Arthur Andersen for services rendered during the hotel developer selection process as required in the existing contract for Arthur Andersen and authorize additional work up to $20,000 for services as necessary during the convention hotel negotiations process. BACKGROUND The City of Miami Beach engaged Arthur Andersen in the hotel developer selection process. In their contract for services, there was a provision for additional work. During the final deliberations in the hotel developer selection process, the City Commission requested additional work to assist them in evaluating the three finalists for the City-owned hotel site and the African-American proposal. The consultants performed an in-depth analysis of the finalists and delivered their findings in the form of a detailed report entitled Comparative Review of "Short Listed" Proposals submitted to the City of Miami Beach on July 14, 1994. This report was of substantial assistance in the final selection process. The consultants sent an initial invoice for the work, a copy of which S()UTti ()()I~ l?edevel()pment Ulstlict 1 CIn' Cr:/lllffl:l? Vedevelwment UIstJ1ct AGENDA ITEM 2-G NOVEMBER 16, 1994 is attached as reference. The bill for these additional services amounted to $120,730 which was reduced by 25% to $90,548 upon review by the City Manager. Subsequently, Commissioner Eisenberg met with Arthur Andersen and discussed the fees requested. As a result of this meeting, Arthur Andersen has agreed to lower the invoice amount by $20,000 for a total of $70,548. A copy of an agreement letter prepared by Arthur Andersen reflecting the change in fees will be submitted as an addendum to the Commission agenda packet. Additionally, it has been determined that additional services may be needed of Arthur Andersen for the negotiations phase. It is anticipated that these will not exceed $20,000. Retroactive authorization is requested for the $70,548 in services as well as authorization for the additional services. ANALYSIS A summary of Arthur Andersen's invoices and payments is attached. The additional services provided under this contract which are the subject of this Commission Memorandum included: . Preparation of financial evaluation of qualified proposers. . Coordination and review of analysis with Bear Stearns and the City Attorney's Office. . Preparation of joint report on short-listed proposers, per City's request. . Attendance and participation at short-listed proposers presentations, at City's request. Funding for Arthur Andersen is provided under a reimbursable agreement for up to $150,000 per year over a two year period with the Greater Miami Convention and visitors Bureau. In addition to the amounts already paid and the requested payment of services, there is a remaining amount to be paid to Arthur Andersen - $50,000 for approval of the Loews' contract by the City Commission and $25,000 for approval of the HCF/Sheraton Suites contract by the City Commission. 2 CONCLUSION The City Commission and Redevelopment Agency Board should authorize payment to Arthur Andersen in the amount of $70,548 and authorize additional work up to $20,000 for services as necessary during the convention hotel negotiatiosn process. The Administration wishes to thank Commissioner Eisenberg for his effort to negotiate reduced fees with Arthur Andersen and previously with Bear Stearns. RMC:jph Attachments 3