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<br />- <br /> <br />RESOLUTION NO. 2011- J cr\nr <br /> <br />A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF <br />SUNNY ISLES BEACH, FLORIDA, APPROVING AN AGREEMENT <br />WITH PUBLIC RESOURCES MANAGEMENT GROUP, INC. FOR <br />FINANCIAL CONSUL TING SERVICES TO REVIEW THE <br />ALLOCATION OF THE FRANCHISE FEE REVENUES PAID BY <br />FLORIDA POWER AND LIGHT COMP ANY TO MIAMI-DADE <br />COUNTY, IN AN AMOUNT NOT TO EXCEED EIGHTEEN THOUSAND <br />NINE HUNDRED DOLLARS ($18,900.00), ATTACHED HERETO AS <br />EXHIBIT "A"; AUTHORIZING THE MAYOR TO EXECUTE SAID <br />AGREEMENT; AUTHORIZING THE CITY MANAGER TO DO ALL <br />OTHER THINGS NECESSARY TO EFFECTUATE THIS RESOLUTION; <br />PROVIDING FOR AN EFFECTIVE DATE. <br /> <br />WHEREAS, the City of Sunny Isles Beach has an Interlocal Agreement with Miami- <br />Dade County where the Florida Power and Light (FP&L) franchise fees are collected by the <br />County and distributed to the City in August for the preceding calendar year earnings based on a <br />calculation contained within the Agreement; and <br /> <br />WHEREAS, City staff is recommending that the nine (9) cities with similar Interlocal <br />Agreements collaborate, with the City of Sunny Isles Beach being the point of contact, and have <br />a joint review performed on the accuracy of the calculation and the distribution of FP&L <br />franchise fees; and <br /> <br />WHEREAS, Public Resources Management Group, Inc. (PRMG) specializes in the audit <br />of franchise fees, and the City desires to enter into an agreement with PRMG, attached hereto as <br />Exhibit "A", for Financial Advisory Services on an hourly basis, setting a cap at Eighteen <br />Thousand Nine Dollars ($18,900.00) to review the allocation of the FP&L franchise fee revenues <br />paid to Miami-Dade County which is subsequently allocated, in part, to the participating cities. <br /> <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE <br />CITY OF SUNNY ISLES BEACH, FLORIDA, AS FOLLOWS: <br /> <br />Section 1. Approval of Agreement. The Agreement with Public Resources Management <br />Group, Inc. for Financial Advisory Services, in an amount not to exceed Eighteen Thousand <br />Nine Hundred Dollars ($18,900.00) to review the allocation of the FP&L franchise fee revenues <br />paid to Miami-Dade County which is subsequently allocated, in part, to the participating cities, <br />attached hereto as Exhibit "A", be, and the same, is hereby approved. <br /> <br />Section 2. Authorization of Mavor. The Mayor is hereby authorized to execute said <br />Agreement. <br /> <br />Section 3. Authorization of City Manager. The City Manager is hereby authorized to do all <br />things necessary to effectuate this Resolution. <br /> <br />R2011- Agmt w/PRMG for <br />Financial Advisory Services <br />