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96-055 RESOLUTION NO. 96-55 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AVENTURA, FLORIDA SELECTING THE FIRM OF NABORS, GIBLIN & NICKERSON, P.A. TO SERVE AS BOND COUNSEL; AUTHORIZING THE CITY MANAGER TO EXECUTE THE ATTACHED AGREEMENT; AGREEING TO THE SCOPE OF SERVICES AND FEES CONTAINED IN SAID AGREEMENT; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the City of Aventura has requested proposals from firms to serve as bond counsel for prospective financing programs; and WHEREAS, said proposals were evaluated by a Rev. iew Team consisting of the Director of Finance Support Services and the City Manager, with assistance from the City's financial advisory firm, Rauscher Pierce Refsnes, Inc; and WHEREAS, said Review Team recommends that the top three ranked firms, based on the firms' experience and qualifications, be: 1) Nabors, Giblin & Nickerson, P.A.; 2) Ruden, McCIosky, Smith, Schuster & Russell, P.A.; and 3) Squire, Sanders & Dempsey, L.L.P.; and WHEREAS, City staff recommends that a contract be entered into with Nabors, Giblin & Nickerson, P.A. providing for said firm to serve as bond counsel, and the City Council concurs with said recommendation. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF AVENTURA, FLORIDA, THAT: Section 1. The firm of Nabors, Giblin & Nickerson, P.A. be and the same is hereby selected to serve as bond counsel for the City. Section 2. This firm has been selected on the basis of their experience and qualifications. However, as part of their proposal, they included a proposed contract and basis of fee. Section 3. The City Manager is hereby authorized to execute the attached agreement for bond counsel between the City and Nabors, Giblin & Nickerson, P.A. and whereby the City Council agrees to the scope of services and fees. Section 4. This Resolution shall become effective immediately upon its adoption. Resolution No.96-55 Page 2 The foregoing Resolution was offered by Councilmer~b~sPe~::]_o~ , who moved its adoption. The motion was seconded by Councilmember L~L~:~I: ., and upon being put to a vote, the vote was as follows: Councilmember Arthur Berger no Councilmember Jay R. Beskin :yes Councilmember Ken Cohen :yes Councilmember Harry Holzberg yes Councilmember Jeffrey M. Perlow yes Councilmember Patricia Rogers-Libert yes Mayor Arthur I. Snyder no PASSED AND ADOPTED this 5th day of No~~. ~ ~ TERESA M. SMITH, CMC CITY CLERK APPROVED AS TO LEGAL SUFFICIENCY: CITY ATTORNEY HK/tms AGREEMENT BETWEEN CITY OF AVENTURA, FLORIDA AND NABORS, GIBLIN & NICKERSON, P.A. THIS AGREEMENT is entered into as of the ~.~. day of November, 1996, between the CITY OF AVENTURA, FLORIDA (the "City"), a municipal corporation established pursuant to the laws of the State of Florida, and NABORS, GIBLIN & NICKERSON, P.A. ("Nabors, Giblin & Nickcrson"), a Florida professional service corporation. PURPOSE: The City plans to develop and facilitate transactions wherein it shall from time to time issue bonds (the "Bonds"). The City desires to engage Nabors, Giblin & Nickerson as bond counsel in connection with the issuance and sale of the Bonds on the terms and conditions hereinafter set forth. Nabors, Giblin & Nickerson desires to accept engagement as bond counsel for the City in connection with the issuance and sale of the Bonds on the terms and conditions hereinafter set forth. THEREFORE, in consideration of the premises, which shall be deemed an integral part of this Agreement, and of the covenants and agreements herein contained, the City and Nabors, Giblin & Nickerson, intending to be legally bound thereby, agree as follows: 1. BOND COUNSEL - SCOPE OF WORK. Nabors, Giblin & Nickerson shall serve as bond conn.qel to the City in connection with the iss~J_ance of Bonds. The duties of Nabors, Giblin & Nickerson as bond conn~el shall include the following: 1. i Consultation with City officials and staff concerning all legal questions relating to the issuance of the Bonds, including review of proposed financing programq as to feasibility, compliance with applicable law and pending or proposed revisions of the law, including U.S. Treasury regulations; 1.2 Attendance, upon request, at any meeting of the City Council or any meeting of staff, the City's financial advisor, underwriters, rating agencies and others as appropriate relating to the issuance of the Bonds or dissemination of information in connection therewith; 1.3 Advise as to structuring procedures, required approvals and filings, schedule of events for timely issuance, potential cost-saving techniques and other legal matters relative to issuance of the Bonds; 1.4 Preparation of all ordinances or resolutions, including any amendments thereto, relating to the Bonds, in cooperation with the City staff, the City's financial advisor and the City Attorney; 1.5 Preparation of any trust indenture; escrow deposit agreement, registrar or paying agent agreement; and any other agreements or similar documents necessary, related or incidental to the Bonds; 1.6 Preparation of all pleadings and other documentation required in connection with validation of the Bonds, and appearance as attorneys of record with the City Attorney, if requested, at the validation hearing; 1.7 Review the transcript of all proceedings in connection with the foregoing and indicate any necessary corrective action; 1.8 Review of all disclosure documents prepared or authorized by the City, insofar as such documents describe the Bonds and summarize the documents securing the Bonds; 1.9 If the sale of the Bonds is by competitive bid, assist in the preparation of the bid documents, notice of sale, evaluation of bids and other documentation or action necessary to conduct a sale of the Bonds in that manner; 1.10 Prepare, obtain, deliver and file all closing papers necessary in connection with the sale and issuance of the Bonds; 1.11 Supervision of the prinfing of the Bonds (ffprinted Bonds are utiliTed); 1.12 Review all underwriting proposals; 1.13 Provision of an opinion in written form at the time the Bonds are delivered, which opinion shall cover (i) the legality of the Bonds and the proceedings by which they are issued, (ii) if applicable, the exclusion from gross income for federal income tax purposes of interest paid on the Bonds, and (']ii) such other issues that are customarily required of bond counsel; and 2 1.14 Consultation with City officials and City staff concerning quesfions~'~at may arise with regard to the Bonds. 2. FEES AND EXPENSES. The City shall pay to Nabors, G-iblin & Nickerson, compensation for services rendered as bond counsel fees based on the following schedule: General Obligation Bonds Minimum fee: $12,500 $1.25 per bond for the first $10,000,000; $1.00 per bond thereafter Revenue Bonds Minimum fee: $15,000 $1.50 per bond for the first $10,000,000; $1.00 per bond thereafter Line of Credit transactions $7,500 initial fee $1,000 per draw thereafter Circuit Court validation $5,000 In the context of above-referenced schedule, a Bond is a $1,000 increment of the principal mount of Bonds issued. Payment of the fee described in this Section 2 shall be contingent upon successful issuance of the Bonds. Depending on the complexity, or lack thereof, of the legal work associated with the issuance of Bonds, the above fee schedule can be adjusted up or down upon the written consent of both parties. 3. OTmr~R LEGAL WORK. Nabors, Criblin & Nickerson may be requested by the City to provide the City legal work which is outside of the normal scope of bond counsel services. Such services shall be provided by Nabors, Giblin & Nickerson only upon the request of the City. The City agrees to compensate Nabors, G-iblin & Nickerson for the legal work described in thi.q Section 3 which is authorized by the City at the rate of $140 per hour. 4. PAYIVlle. NT FOR EXPENSES AND COSTS. Nabors, G-iblin & Nickerson shall not be reimbursed for airfare or hotel charges incurred wJthln the State of Florida as bond counsel to the City; all other travel expenses shall be reimbursed to Nabors, Giblin & Nickerson in accordance with Chapter 112, Florida Statutes. Nabors, Ob[in & Nickerson shall complete expense account forms and attach out-of-pocket expenses. Nabors, G-iblin & Niekerson shall be reimbursed for all telephone calls made in relation to the issuance of any Bonds. Nabors, Giblin & Nickerson shall be reimbursed for actual out-of-pocket expenses, including but not limited to: stenographic recording and transcription services, copying, recording, filing and certification fees, postage, courier service, overnight mail, 3 telegrams, etc. Nabors, Giblin & Nickerson shall be reimbursed at $.20 per copy for photocopies. Payment for expenses listed in this Section 4 shall not be contingent upon whether the Bonds are sold. 5. TERM OF AGREEMENT. This Agreement is terminable by either party upon 60 days written notice to the other party. 6. CONFLICT OF INTEREST. It is understood by the City and Nabors, Giblin & Nickerson that Nabors, Giblin & Nickerson represents no other clients that currently present conflicts between the interests of the City and other clients of Nabors, Giblin & Nickerson. ff any conflict of interest arises during the time Nabors, Giblin & Nickerson is representing the City as bond counsel on a Bond issue, Nabors, Giblin & Nickerson will notify the City and, if the conflict cannot be avoided to the satisfaction of the City, Nabors, Giblin & Nickerson must immediately cease further representation of the other client regarding the particular matter which gave rise to the conflict. It is the further intent of the parties that this Agreement shall not serve as a limitation or restriction on Nabors, Giblin & Nickerson in representing other clients except to the extent that such other representations are limited or restricted by law or the ethical rules pertaining to attorneys. 7. CONSTRUCTION AND AMENDMENTS. This Agreement shall be governed by, and constxued in accordance with, the laws of the State of Florida. This Agreement may be amended only in writing duly entered into by the City and Nabors, Giblin & Nickerson. IN WITNESS WHEREOF, the City and Nabors, Giblin & Nickerson have executed this Agreement on the date first written above. ATTEST: CITY OF AVENTURA, FLORIDA City Clerk APPROVED AS TO LEGAL SUFFICIENCY: NABORS, GIBLIN & NICKERSON, P.A. City Attorney By: Shareholder Nabors, Giblin & Nickerson, P.A. is a Florida based firm with offices in Tampa, Orlando and Tallahassoe. The Firm was established in August 1984. The Firm specializes in public f'mance and general governmental and administrative law. The Firm has represented numerous municipalities, counties and special districts in Florida · in its local government finance practice, as both bond counsel and underwriter's counsel. Representative bond counsel clients of the Firm are: Alachua County, Bay County, Charlotte County, Clay County, Collier County, Dixie County, Hamilton County, Hendry County, Hillsborough County, Lafayette County, Lake County, Lee County, Levy County, Madison County, Marion County, Nassau County, Okaloosa County, Okecchobec County, Orange County, Oseeola County, Palm Beach County, St. Lucie County, Seminole County, Volusia County, City "f Cape Coral, Town of Juno Beach, City of Layton, City of Miramar, City of North Port, City ~_ Palm Bay, City of Perry, City of Rockledge, City of Sebastian, City of Titusville, City of West Melbourne, School District of Brevard County, School District of Charlotte County, School District of Collier County, School'District of Hernando County, School District of Hillsborough County, School District of Manatee County, School District of St. Lucie County, Alachua County Library District, Brevard County Housing Finance Authority, Cape Canaveral Hospital District, Cape Canaveral Port Authority, Cedar Key Water Control District, Charlotte County Development Authority, Collier County lndusaial Development Authority, Englewood Water District, Florida Housing Finance Agency, Highlands County Indusi~ial Development Authority, Lee County Industrial Development Authority, Merritt Island Redevelopment Agency, North Palm Beach Heights Water Control District, Northwest Florida Water Management Disaict, St. Johns Water Control District, St. Johns River Water Management District, Suwannec River Water Management DisUict, Suwannec Valley Solid Waste Management Administration, Tallahassec Memorial Regional Medical Center and Volusia County Health Facilities Authority. The Firm serves as sole bond counsel to the State of Florida on the issuance of state bonds for transportation purposes under Article VII, Section 17, Florida Constitution, which amendment was approved by the electors on November 8, 1988. ADDmONAL INFOI~T~ON Nabors, Cu'bhn & Nickerson, P.A. is organized as a professional association under the laws of the State of Florida. The Finn was formed in 1984 by three partners in one office. Since that t~me it ha~ grown to I$ attorneys (eleven partners and seven associates) in three offices. The members of the Firm have extensive backgrounds and experience in municipal and local government fnance and the Finn has provided bond conn.~el services to its clients since its inception The nnmber of clients represented by thc Firm continues to grow exponentially. As our client list grows, we continue to expand our staff and capabilities to meet their needs. The Firm is organized in two areas of practice: local government finance, and governmental and administrative law. The Firm's public finance practice is operated out of all three offices, with Tampa being the primary office. The attorneys available for the local government financing practice are: L. Thomas C, iblln. John R. Stokes, Mark T. Mustian, William D. Tyler, $&an E. Wilson, Warren S. Bloom, Steven E. Miller and Joseph B. Stanton. The Finn's governmental and administrative law practice is operated out of the Tallahassee office. The attorneys available for the governmental and administrative law practice are: Robert L. Nabors, George H. Nickerson, Sr., Gregory T. Stewart, Mark G. Lawson, Sarah M. Bleakley, Hany F. Chiles, Virginia Saunders Delegal, Maureen McCarthy Danghton, Michael L. Watldn~ and Sten T. Sliger. As noted in our tranmxittal letter and as represented by the growth of the Firm and its list of representative clients, we believe ~hat we are highly qualified to serve as Bond Co-nnel to the City primarily because of our unique approach to our clients needs. In addi~en to our extensive expertise in municipal finance, securities and tax law, we believe enat the Finn also represents the very best in local government representation in the areas on which the members of the Finn have focused their practice. The crnss-polllni~a~ion which occurs between the attorneys working on fnance and those focusing on other local government issues enables us to approach questions which might arise either directly or indirectly in the context of a financing in a manner which we believe is different from the approach other firms lacking a practice in general representafien of governmental entities. We believe that the Firm's experience with bond financings and our ingenuity in structuring such financings would be advantageous to the City. One example of our innovative approach to municipal finance is the leacllng role it has undertaken in lease- purchase financings. Prior to 1989, lease-purchase arrangements entered into by local governments presented difficult legal and credit questions. As a result of these concerns, the Finn decided to put together a creditworthy structure which could be submitted to the Florida Supreme Court to settle the legal issues inherent in such a t~n,~cing method. On March 2, 1989, the Florida Supreme Court issued an opinion (State of Florida v, Brevard.,.:County) which validated a lease-purchase Iransacfion which Brevard County proposed to enter into. This lease-puroha-~e transaction was s/ruotured by and taken before the Supreme Court by the Firm in order to create a new legal financing technique for Brevard County and other public bodies in die State which would be acceptable to the rating agencies and providers of m-nlcipal bond insurance. In April 1990, we were pleased to receive the decision of the Florida Supreme Court in ~tate of Florida v. School Board of Sarasota County, Floria.. which si~iflcanfly expanded thc decision of the Court in Brevard. We. played a prima~ role in px~padng the argum~ and briefs for this case. In addition, we ha~e been the forerunner in establi.~hlng ma~ter lease-purchase programs for local governments in the State of Florida. Another example of our innovation which ha.q impacted local governments is the form~on cfa pooled commelcial paper loan program. As a result of a w~mber of our clients indicating to us that they felt short-term financing they typically received from local banks was available only at high interest rates, we thc established a joint power commission pursuant to Chapter 163, Florida Statutes. Such entity was able to establish a program in which it loaned the proceeds from commercial paper notes to local governments in the State of Florida at interest rates which are typically two to three percent lower than conventional borrowings. Tax Experience In our role as Bond Counsel, we perform our own tax work. Thc Firm has functioned as bond counsel in numerous financings involving complex tax issues. The Firm's position with respect to arbitrage rebate regulations is in line with the majority of nationally recognized bond co~m~el firm.~ w/thin the United States. With respect to arbitrage rebate requlremo,i~,, we have provided contin~gng support to our clients in analy-z/ng and attempting to comply with their rebate obligations. Mr. Tyler will be the lead attorney to the City for any tax-related matters. Danny Tyler, who supervises tax-related work for the Firm, has over 15 years experienee in dealing with tax-related issues, the last eight of which he has spe~ialiTed in this area. Mr. Tyler has worked with virtually eveiy nagonal municipal bond unden~ter in helping solve tax issues, aS well as creating innovative techniques to avoid adverse tax consequences. Thc Firm ha~ funedened as Bond Counsel in numerous financings involving complex tax issues. We believe our clients are well satisfied with the Firm's experience and responsiveness in tax matters relating to compliance with the Internal Revenue Code regulations and rnllnEs re§arainE arbitrage considerations in tax-exempt ~nancings. We 2 answer our clients' tax questions on a timely basis and deal regularly with intricacies of compliance with the arbitrage rebate regulations. Assessment Transactions The Firm also hR~ extensive experience in the structure and implementation of special assessments and thc statutory requirements for u~liT~tlon of the ad valorem tax bill collection process au~orized by Section 197.3632, Florida Stamtas. The Firm has served as special counsel to numerous Florida local governments on the use of non-ad valorem special assessments to fund the following: water and sewer facilities; solid waste disposal and collection; road resurfacing and cons/ruction; road maintenance; dralnR~e improvements; and surface and stormwater management systems. We have served or currently are serving as special counsel in the imposition of non-ad valorem assessments for collection on the ad valorem tax statement to over 20 local governments. We have also been the leader in the State of Florida for developing special assessment programs. We have structured special assessment tran~actious throughout the State pursuant to which we have drafted all documents relating to the levy and collection of special assessments. As an example of our expertise in this area, the Firm h~s served as Bond Commie1 for approximately $250,000,000 in special assessment bonds issued by the City of Cape Coral. As another example, we have successfully completed a comprehensive road and drainage reassessment project for Charlotte County to cure deficiencies identified in a State audit in the original assessment project implemented by others. Such reassessment program involved in excess of 90,000 parcels and l0 different municipal service benefit units, with one benefit unit containing over $0 benefit categories. Until recently, the authority of a municipality to impose special assessments under its home nde powers was in doubt The Finn served as special counsel to and filed an Amicus Brief on behalf of the Florida League of Cities in Cily of Boca Raton, Florida v. State of Florida, 595 So. 2d 25 (Fla. i992). The analysis in the opinion of the distinction between special assessments and taxes is virtually identical to the arguments set forth in our Amlous Brie£ The Supreme Court's adoption of our analysis clearly demonstrates the depth of our understanding of municipal home rule powers. 3 Attachment FIRMS NOTIFIED OF RFP AVAILABILITY Atlas, Pearlman, T rop & (Picked up lOll 7/96 via messenger) Borkson, P.A. 200 East Las Olas Blvd., Suite 1900 Ft. Lauderdale, FI. 33301 Tel: (954) 763-1200 Fax: (954) 766-7800 Attn: Mr. Charles B. Pearlman, Atty English, McCaughan & O'Bryan, P.A. 100 N.E. 34 Avenue Suite 1100 P.O. Box 14098 Ft. Lauderdale, FI. 33302-4098 Tel: (954) 462-3300 Fax: (954) 763-2439 Attn: Mr. Gerald W. Gdtter Tillinghast Collins & Graham One East Broward Blvd. Ft. Lauderdale, FI. 33301 Tel: (954) 467-5700 Fax: (954) 767-0109 Tdpp, Scott, Conklin & Smith 110 Tower 110 S.E. 6t" St., 28t" Floor P.O. Box 142445 (33302) Ft. Lauderdale, FI. 33301 Tel: (954) 525-7500 Fax: (954) 761-8475 Adomo & Zeder, P.A. (Faxed RFP per request) 2601 S. Bayshore Drive Mr. David Kaplan Suite 1600 Miami, FI. 33133 Tel: (305) 858-5555 Fax: (305) 858-4777 Ackerman, Senterfitt & Eidson, P.A. Suntrust International Ctr., 28t~ Fir One Southeast Third Avenue Miami, FI. 33131-1704 Tel: (305) 374-5600 Fax: (305) 374-5095 Becker & Poliakoff, P.A. Picked up fax 10/15/96 5201 Blue Lagoon Dr., Suite 100 3111 Sterling Road Miami, FI 33126 Ft. Lauderdale, Florida Tel: (800) 533-4874 (954) 987-7550 Fax: (305) 262-4504 Attn: Mr. Dennis A. Haas Broad And Cassell Attorneys at Law 201 S. Biscayne Blvd., Suite 3000 Miami, FI. 33131 Tel: (305) 373-9400 Fax: (305) 373-9443 Law Offices of Steve E. Bulock 6800 Bird Road, Suite 200 Miami, FI. 33155 Tel: (305) 829-0084 Fax: (305) 829-6324 Eckert, Seamans, Cherin & Mellott (Requested we send via fax 10/14) Barnett Tower, 18th Fir. Attn: Ms. Janet L. O'Bden 701 Brickell Avenue Miami, FI. 33131 Tel: (305) 373-9100 Fax: (3050 372-9400 Fieldstone Lester & Shear (Picked up RFP via Couder) Attorneys and Counselors at Law Formerly: Fieldstone & Lester 200 S. Biscayne Blvd. Suite 2100 Miami, FI. 33131 Tel: (305) 982-1555 Fax: (305) 982-1550 Attn: Mr. Paul A. Lester, P.A. Greenberg Traudg (Faxed RFP per request) Hoffman Lipoff Rosen & Quentel, P.A. 1221 Brickell Avenue Miami, FI. 3131 Tel: (305) 579-0500 Fax: (305) 579-0717 Attn: Mr. Robert C. Gang Haley, Sinagrs & Perez, P.A. 100 $. Biscayne Blvd., Suite 800 Miami, FI. 33131 Tel: (305) 374-1300 Fax: (305) 358-8305 Hanzman, Cdden, Korge, Hertzberg & Chaykin, P,A. 2100 First Union Financial Center 200 South Biscayne Blvd. Miami, FI. 33131 Tel: (305) 579-1222 Fax: (305) 579-1229 Holland & Knight (Faxed RFP per request 10/14) 701 Brickell Avenue Attn: Ms. Chris Oliver- for Mr. Robert Friedman P.O. Box 015441 (33101) Miami, FI. 33131 Tel: (305) 374-8500 Fax: (305) 789-7999 Hughes Hubbard & Reed 801 Brickell Avenue Miami, FI. 3313-2900 Tel: (305) 358-1666 Fax: (305) 371-8759 McCrary & Mosley (Faxed RFP per request) 2800 Biscayne Blvd. Mr. Jesse J. McCrery 8~h Floor Miami, FI. 33137 Tel: (305) 576-1505 Fax: (305) 576-3550 McDermott, Will & Emery 201 S. Biscayne Blvd. Miami, FI. 33131-4336 Tel: (305) 358-3500 Fax: (305) 347-6500 Attn: Mr. Norman J. Silber McKenzie, McGhee & Harper (Faxed RFP 10/14 to: Mr. Patrick Symonie - N. Y. Attomeys at Law Mr. Rayfield McGhee - Miami 10800 Biscayne Blvd Suite 320 Miami, FI. 33161 Tel: (305) 892-4535 Fax: (305) 893-7499 Mitrani, Rynor & Gallegos, P.a. 2200 Sun Bank International Ctr. One $.E. Third Avenue Miami, FI. 33131 Tel: (305) 358-0050 Fax: (305) 358-0550 Morgan, Lewis & Bockius 5300 Southeast Financial Ctr. 200 S. Biscayne Blvd. Miami, FI. 33131-2339 Tel: (305) 579-0300 Fax: (305) 579-0321 Nixon, Hargrave, Devans & Doyle LLP 2200 Sunbank International Center One S.E. 3~ Avenue Miami, FI. 33131 Tel: (305) 358-5447 Fax: (305) 358-0550 Ruden, McCIosky, Smith, Schuster & Russell, P.A. (Faxed RFP perrequest) 701 Brickell Avenue Suite 1900 Miami, FI. 33131 Tel: (305) 789-2700 Fax: (305) 789-2793 / (954) 764-4996 Attn: Denise Ganz Shutts & Bowen 201 $. Biscayne Blvd Miami, FI. 33131 Tel: (305) 358-6300 Fax: (305) 381-9982 Squire, Sanders & Dempsey (Faxed RFP per request) Miami Center, 29th Floor 201 S. Biscayne Blvd. Miami, FI. 33131-4330 Tel: (305) 577-8700 Fax: (305) 358-1425 Attn: Mr. Kenneth M. Myers Steams Weaver Miller Weissler Alhadeff & Sitterson, P.A. Museum Tower 150 W. Flagler Street Miami, FI. 33130 Tel: (305) 789-3200 Fax: (305) 789-3395 Steel Hector & Davis 200 S. Biscayne Blvd. Miami, FI. 3131-2398 Tel: (305) 577-2800 Fax: (305) 577-7001 White & Case First Union Financial Ctr. 200 S. Biscayne Blvd. Miami, FI. 33131-2352 Tel: (305) 371-2700 Fax: (305) 358-5744 Nabors, Giblin & Nickerson, P.A. (Faxed RFP per request) 2502 Rocky Point Drive Suite 1060 Tampa, Florida 33607 Tel: (813) 281-222 Fax: (813) 281-0129 Attn: Mr. George Nickerson REQUEST FOR PROPOSAL BOND COUNSEL RFP#: 96-10-18-2 PROPOSALS RECEIVED AS OF October 18th, 1996 - 2:00 p.m. ADORNO & ZEDER, P.a. 2601 SOUTH BAYSHORE DRIVE SUITE 1600 MIAMI, FLORIDA 33133 HENRY N. ADORNO TEL: (305) 858-5555 FAX: (305) 858-4777 ATLAS, PEARLMAN, TROP & BORKSON 200 EAST LAS OLAS BOULEVARD SUITE 1900 FT. LAUDERDALE, FLORIDA 33301 CHARLES B. PEARLMAN TEL: (954) 763-1200 FAX: (954) 766-7800 ECKERT SEAMANS CHERIN & MELLOTT 701 BRICKELL AVENUE, 18m FLOOR MIAMI, FLORIDA 33131 JANET L. O'BRIEN TEL: (305) 373-9100 FAX: (305) 372-9400 GREENBERG TRAURIG HOFFMAN LIPOFF ROSEN & QUENTEL, P.A. 1221 BRICKELL AVENUE MIAMI, FLORIDA 33131 ROBERT C. GANG, ESQ. TEL: (305) 579-0886 FAX: (305) 579-0717 BECKER & POLIAKOFF, P.A. 3111 STIRLING ROAD FT. LAUDERDALE, FLORIDA 33312-6525 ALAN S. BECKER TEL: (954) 987-7550 FAX: (954) 985-4176 Page (2) of (2) RFP FOR BOND COUNSEL RECV'D SQUIRE, SANDERS & DEMPSEY, L.L.P. 2900 MIAMI CENTER 201 SOUTH BISCAYNE BOULEVARD MIAMI, FLORIDA 33131 KENNETH M. MYERS TEL: (305) 577-8700 FAX: (305) 358-1425 HOLLAND & KNIGHT 701 BRICKELL AVENUE MIAMI, FLORIDA 33131 ROBERT J. FRIEDMAN TEL: (305) 374-8500 FAX: (305) 789-7799 RUDEN MCCLOSKY SMITH SCHUSTER & RUSSELL, P.A. 200 EAST BROWARD BOULEVARD FT. LAUDERDALE, FLORIDA 33301 DENISE J. GANZ TEL: (954) 764-6660 FAX: (954) 764-4996 NABORS, GIBLIN & NICKERSON, P.A. 2502 ROCKY POINT DRIVE, SUITE 1060 TAMPA, FLORIDA 33607 JOHN R. STOKES TEL: (813) 281-2222 FAX: (813) 281-0129 At tacib~t 3 CITY OF AVENTURA TABULATION OF BOND COUNSEL PROPOSAL EVALUATION S 21-Oct-96 KILGORE SOROKA OVERALL INTERVIEW TO BE TOTAL TOTAL OVERALL INTER- NAME OF FIRM SCORE SCORE AVERAGE RANKING VIEWED DATE TIME ADORNO & ZEDER 77 64 71 6 NO ATLAS, PEARLMAN, TROP & BORKSON 68 64 66 9 NO ECKERT SEAMANS CHERIN & MELLOTT 73 68 71 6 NO GREENBERG TRAURIG HOFFMAN LIPOFF ROSEN & QUENTEL 84 86 85 3 YES 10/24/96 1:00 PM BECKER & POLIAKOFF 68 67 68 8 NO SQUIRE SANDERS & DEMPSEY 90 85 88 1 YES 10/24/96 10:00 AM HOLLAND & KNIGHT 76 69 73 5 NO RUDEN MCCLOSKY SMITH SCHUSTER & RUSSELL 82 85 84 4 YES 10/24/96 2:00 PM NABORS GIBLIN & NICKERSON 84 91 88 I YES 1Q/23/96 10:00 AM AVERAGE 78 75 77 Attacb~t 4 CITY OF AVENTURA TABULATION OF BOND COUNSEL PROPOSAL EVALUATIONS Al- i~=R WRITTEN PROPOSALS AND ORAL PRESENTATIONS 28~Dct-96 ZOMER- INTERVIEW KILGORE SOROKA MAAND AVERARE TOTAL TOTAL TOTAL TOTAL OVERALL NAME OF FIRM DATE TIME SCORE SCORE SCORE SCORE RANKING NABORS GIBLIN & NICKERSON 10/23/96 10:00 AM 88 80 90 86.00 1 SQUIRE SANDERS & DEMPSEY 10/24/96 11:00 AM 85 76 95 85.33 3 GREENBERG TRAURIG HOFFMAN LIPOFF ROSEN & QUENTEL 10/24/96 1:00 PM 79 70 79 76.00 4 RUDEN MCCLOSKY SMITH SCHUSTER & RUSSELL 10/24/96 2:00 PM 88 78 91 85.67 2