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HomeMy Public PortalAboutr 06:147 ~Zl'50bttott of tl1l' 'lßOtDUøq of caur±£ret) tL 31- No #06-1"2- Date of Adoption May 4 , 2006 APPROVING PROFESSIONAL SERVICES AGREEMENT- McMANIMON & SCOTLAND WITH REGARD TO BOND COUNSEL SERVICES WHEREAS, the Borough ofCarteret is in need of specialized legal services with regard to bond counsel services; and \VHEREAS, McManimon & Scotland possesses the requisite knowledge and experience to provide said legal services; and ·WHEREAS, McManimon & Scotland has submitted a proposal to provide said bond counsel scrv!ces to the Borough at a cost not to exceed $10,925.12; and \VHEREAS, the Chief Financial Officer has certified that funds are or will be availab1e for the payment of said professional legal services. NOW, THEREFORE, BE IT RESOLVED by the Mayor and Council of the Borough ofCarteret, County of Midd1esex State of New Jersey as follows: 1. That the proposal from McManimon & Scotland to provide bond counsel and related services at a total cost not to exceed $10,925.12 is hereby approved. 2. That a copy of this Resolution shall be forwarded to the Borough's Purchasing Department. BE IT FURTHER RESOLVED that this award is made as a professional services contract pursuant to NJ.S.A. 40All-5(1)a. A notice of this award shall be advertised as required by law. Adopted this 4'" day of May, 2006 and certified as a true copy ofthe original on May 5, 2006. KATHLEEN M. BARNEY, RMCICMC Municipal Clerk COUNCILMAN YES NO NV A.B. COUNCILMAN YES NO NV A.B. BELLINO X NAPLES X DIAZ X RIOS X ""riM V SITAR7 X X - Indicate VQ(e AB· Absent NY· NO! Voting XOR . Indicates Vote to Overrule Veto -- rp Adopted at a meeting of the Municipal Council ~ May 4, 2006 rh'A.r' 7-< A. , . CLERK CJ - RECORO OF COUNCIL VOTE ~arau£4 af <futrt~rd :/fl/t - /117 yß MUNICIPAL ANNEX 20 COOKE AVENUE CARTERET, NEW JERSEY 07008 Tel: (732) 541-3820 Fax: (732) 541-2884 MEMORANDUM TO: ROBERT BERGEN CC: KATHY BARNEY, CLERK FROM: GLORIA LISICKI DATE: MAY 1,2006 RE: RESOLUTIONS - MC MANIMON & SCOTLAND Invoice attached for $10,925.12 please have new Resolution for next agenda meeting. t /r Ie' tt- if McMANIMON & SCOTLAND. L.L.c. ATTORNEYS AT LAW ONE RIVERFRONT PLAZA, FOURTH FLOOR NEWARK. NEW JERSEY 07102-5408 V \- \'- I (973) 022-1800 TELECOPIER (973) 622-7333 Borough of Carteret 61 Cooke Avenue Carteret, New Jersey 07008 CLIENT # INVOICE # INVOICE DATE: 00013030-00002 88059 March 27, 2006 BILLING REF: JPB For professional services rendered in connection with the issuance of Notes. Services included review of proceedings pursuant to which the Notes were issued, preparation of Notes, preparation of various closing certificates to be delivered along with the Notes and issuance of final approving legal opinion of McManimon & Scotland, L.L.C. $5,000,000 Bond Anticipation Note Note dated: February 16, 2006 Maturing: February 17, 2007 Bearing interest at the rate of 3.44% per annum (FEE: $2500.00) For work in connection with the Tax matter including: Preparation and review of Arbitrage and Tax Certificate (FEE: $ 161.00) TOTAL FEES 2661.00 *---------COST CODE SUMMARy--------------------* *---------COST CODE-----------------* AMOUNT 002 Inside Duplicating 62.60 205 Courier/Delivery Service 135.00 217 Overnight Express Mail 29.80 220 Telecopy Charge 8.00 TOTAL DISBURSEMENTS 235.40 TOTAL FOR INVOICE 2896.40 Page 473 (5) REPORT DATE: 03/07/06 McManimon & Scotland PRO FORMA (DRAFT STATEMENT) 29864 1 105433 FOR FILE 00013030-00088 AS OF 02/28/06 -~------------------------------------~--------------~-----------------------~---------------------------~-------------------------- OFFICE: 1 NEWARK DEPT: 05 ~CIPAL SECURITIES ------~-----------------------~-----------~---------------------------------------------------------~------------~-------------~-~-- Billing AttClient#/Name:PH P. BA1JMANN Responsible Atty: JOSEPH P. BA1JMANN originating Atty: JOSEPH P. BA1JMANN Client #/Name: Matter#/Name: Area of Law: 00013030 00013030-00088 58 CARTBRET, BORO OF (MIDDLESEX COUNTY) T~ MUNICIPAL - TAX Proforma Date Range:Ol/01/00- 02/28/06 ---------------------~------~---------------------~-------~-----------------~-----------------------------------------------------~- **FBBS** ------------------------------------------------------------------------------------------------------------------------------ DATE ACTIVITY TIMEKEEPER HOURS RATE AMOUNT TRAN . ------------------------------------------------------------------------------------------------------------------------------------ 02/02/06 Bank Qualification questions for Jerry Ostow MATTHEW D. JESSUP regarding Borough notes. 02/10/06 Draft the Arbitrage and Tax Certificate and ELIZABETH A. MANUEL 8038-G. .2 175.00 35.00 875335 1.4 90.00 126.00 872156 ---------- ---------- MATI'ER TOTALS 1.60 161.00 =="'~~===== ====="'==== ! ATTORNEYS AT LAW /~" ,; r!¡JC_¡{) J--{/ J'CRAU iJ - 0 /zi .ßc/;¿Z'(t¿--' 7;. . ~ tW- t-(f--"J j i ,- McMANIMON & SCOTLAND, L.L.c. ONE RIVERFRONT PLAZA, FO"GRTH FLOOR NEWARK. NEW JERSEY 07102-5408 (973) 6S2-1800 TELECOPIER (973) 622-7333 Borough of Carteret 61 Cooke Avenue Carteret, New Jersey 07008 CLIENT # INVOICE # INVOICE DATE: 00013030-00002 86679 November 28, 2005 BILLING REF: JPB For professional services rendered in connection with the issuance of Notes. Services included review of proceedings pursuant to which the Notes were issued, preparation of Notes, preparation of various closing certificates to be delivered along with the Notes and issuance of final approving legal opinion of McManimon & Scotland, L.L.C. $11,014,500 Bond Anticipation Note Note dated: October 26, 2005 Maturing: October 26, 2006 Bearing interest at the rate of 4.00% per annum (FEE: $5507.50) For work in connection with the Tax matter including: Preparation and review of Arbitrage and Tax Certificate; Review and file 8038 for $11,014,500 Bond Anticipation Note dated October 26, 2005 (FEE: $ 438.50) TOTAL FEES 5946.00 * - - - - - - - - - COST CODE SUMMARY - - - - -- - - -- - - - - -- - -- -" *---------COST CODE-----------------* AMOUNT 002 Inside Duplicating 21.60 205 Courier/Delivery Service 232.50 217 Overnight Express Mail 12.95 TOTAL DISBURSEMENTS 267.05 TOTAL FOR INVOICE 6213.05 Page 440 (5) REPORT DATE: 11/04/05 l· McManimon & Scotland PRO FORMA (DRAFT STATEMENT) 29431 / 101408 FOR FILE 00013030-00088 AS OF 10/31/05 -----------------------------------------------------------------------------_.------------~---------------------------------------- ---~--~----------------------_.----------_.----------------------------------------------------------------------------------------- OFPI-CB: 1 NEWARK DEPTI OS MUNICIPAL SECURITIES Billing AttClient#/Name;PH P. BAUMANN Responsible Atty: JOSEPH P. BAUMANN originating Atty: JOSEPH P. BAUMANN Client #/Name: Matter#/Name: Area of Law; 00013030 00013030-00088 58 CARTERET. BORO OF (MIDDLESEX COUNTY) Tax MUN1:CIPAL - TAX --------------~--------------------------------------------------------------------------------------------------------------------- Proforma Date Range:01/01/00- 10/31/05 . * F E B S * . ------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ DATE ACTIVITY TIMEKEEPER HOURS RATE AMOUNT TRAN 11 10/21/05 Revise/edit bond anticipation note tax certificate, 8038-G and yield calculation; conference with Ed McManimon. 10/25/05 Look over the 8038-G, prepare submission letteSANDRA COLANNINO for further review/comment and file with the IRS in connection with the $11,014,500 Bond Anticipation NOtes, dated 10/26/05. 10/28/05 Revise/edit tax certificate for $11,014,500 MATTHEW D. JESSUP bond anticipation notes MATTHEW D. JESSUP 1.2 175.00 ¡no. 00 852034 .. 90.00 36.00 850633 1.1 175.00 192.50 852075 ---------- ---------- MATTER TOTALS 2.70 438.50 ===="'===== ==",..====== McMANIMON & SCOTLAND, L.L.c. ATTORNEYS AT LAW ONE RIVERFRONT PLAZA, FOURTH FLOOR NEWARK, NEW JERSEY 07102-5408 (973) 622-1800 TELECOPIEH (973) 622-7333 Borough of Carteret 61 Cooke Avenue Carteret, New Jersey 07008 CLIENT # INVOICE # INVOICE DATE: 00013030-00003 88271 March 31, 2006 BILLING REF: JPB For professional services rendered through 02/28/06, in connection with the matter titled: Bond Sale JOSEPH P. BAUMANN ERICA J. LERNER MATTHEW D. JESSUP SANDRA COLANNINO 1.80 hours at $ 175.00 12.80 hours at $ 90.00 0.90 hours at $ 175.00 1.60 hours at $ 90.00 315.00 1152.00 157.50 144.00 TOTAL FEES 1768.50 002 215 Inside Duplicating Travel/Parking Expenses 35.80 11.37 TOTAL DISBURSEMENTS 47.17 TOTAL FOR INVOICE 1815.67 , McMANIMON & SCOTLAND. L.L.C. ATTORNEYS AT LAW ONE RIVERFRONT PLAZA, FOURTH FLOOR NEWARK, NEW JERSEY 07102-5408 (873) 622-1800 TELECOPIER (873) 622-7833 CARTERET, BORO OF (MIDDLESEX COUNTY) Mar 31, 2006 PAGE 2 09/01/05 JPB Meeting with Mayor regarding various matters, 1.80 etc. including bond sale. 09/13/05 EJL Reviewing documents from Bond Anticipation .80 Notes to be refunded in the Bond Sale. 09/13/05 MDJ Conference with Joe Baumann regarding plans for .60 bond sale; conference with Erika Lerner regarding same. 14/05 EJL Looking for record files 2004-2005 reviewing documents of BAN's preparing tentative timetable for bond sale. 09/14/05 SPS Sit with Erika and discuss upcoming Bond Sale and procedures. 3.20 .60 09/16/05 EJL Review of Prior resolutions that may be 5.00 included in Bond sale for new money, preparation of time table/schedule, update of distribution list, review of BANs that will be included in the sale, start of resolution for bonds 09/16/05 SPS Continue to assist Erika with the procedures 1.00 for an upcoming bond sale; discuss further with Matt Jessup. 09/19/05 EJL Bond resolution for September 22nd Municipal Council Meeting. 09/19/05 MDJ Call with Pat DeBlasio regarding bond sale; call to R. Gardner regarding same. 09/20/05 EJL Working on resolution for bond sale. TOTAL FEES: 315.00 72.00 105.00 288.00 54.00 450.00 90.00 3.00 270.00 .30 52.50 .80 72.00 1768.50 McMANIMON & SCOTLAND. L.L.c. ATTORNEYS AT LAW ONE RIVERFRONT PLAZA, FOURTH FLOOR NEWARK, NEW JERSEY 07102-5408 (973) 622-1800 TELECOPIER (973) 68:::>7333 CARTERET, BORO OF (MIDDLESEX COUNTY) Mar 31, 2006 PAGE 3 Inside Duplicating Travel/Parking Expenses 35.80 11.37 TOTAL DISBURSEMENTS: 47.17 ~DrDltg4 Df (fu¡rfrrd MIDDLESEX COUNTY tlew 3 era£~ OFFICE Of' KATHLEEN M. BARNEY, RMC/CMC MUNICIPAL CLERK TEL (732) 541-3800 FA..X (732) 541-8925 61 COOKE AVENUE CARTERET, NEW JERSEY 0 , Date 5-15-06 TO: Patrick J. DeBlasio, Treasurer Borough of Carteret REQUEST FOR CERTIFICA nON OF A V AILABLE FUNDS: For: PROFESSIONAL SERVICES Rf'INn r.OITNSEI. SERVICES Name of Account: MCMANIMON & SCOTLAND AMOUNT TO BE ENCUMBERED: Not to exceed Resolution #06-147 $10,925.12 ~h'~_)~~ KATHLEEN M. BARNEY, Municipal Clerk CERTIFICATION OF AVAILABILITY OF FUNDS lie /14 Ilff}¡f/ The funds available for thii-contract are in the Budget, in the account of fr:, - () / . olD -- I--S-~~d 91 /""£6,4L in the amount of d/ /1", 1";;:;-. /d-. By this certification, I have hereby encumbered the above named aCC{)u or the amount of the j0;;,;.ract. ~ ) c£h../~ PATRICK 1. DeBLASIO, Treasurer Date S-/t··('J t, KMB/cp BOROUGH OF CARTERET NOTICE OF CONTRACT AWARDED The Borough at Carteret has awarded 11 contract without competitive bid· ding as a professional service pursuant to N.J.SA. 40A:l1-5 (1) (a). This contract and the ~~~OI~~~~bf~t7g;iZ~~t i~ Inspection in the office of the Municipal Clerk. Awarded to: McManimon & Scotland Services. Bond Counsel Services Resolution #06-147 Cost. Not to exceed n~~t~~~ M. BARNEY, MUNICIPAL CLERK ($11.88) 47953