Title
A Resolution Of The Hollywood, Florida, Community Redevelopment Agency (“CRA”), Authorizing The Appropriate CRA Officials To Pay GrayRobinson, P.A. For Legal Services, In The Icon Office Building Property Matter In An Amount Not To Exceed $300,000.00 For FY 2016; Amending The Annual Budget For The Downtown District Of The CRA For Fiscal Year 2016; Authorizing Budgetary Transfers And Adjustments; And Providing An Effective Date.
Body
Staff Recommends: Approval Of The Attached Resolution
Explanation:
GrayRobinson, P.A. is defending the City of Hollywood against the claims arising out of environmental contamination that allegedly exists on the proposed ICON Office Building property. These claims are now the subject of litigation known as Berman Development Group, LLC, et al. v. City of Hollywood et al.
The total fees to be paid to the Law Firm for FY 2016 for legal services in the ICON matter have increased from the previously approved amount of $250,000.00 and are now expected to approach but not exceed $600,000.00. The CRA has agreed to share equally in the fees and costs paid to the Law Firm, thereby leaving each of the City and the CRA responsible for payment of a maximum of $300,000.00.
This resolution seeks approval and authorization to pay GrayRobinson, P.A. for legal services in the Icon matter in an amount not to exceed $300,000.00 for FY 2016. Funding for this expense will be appropriated via the transfer of funds from various line item accounts to the legal services account.
Recommended for inclusion on the agenda by:
Jorge Camejo, Executive Director