HomeMy Public PortalAboutr 06:147
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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
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Adopted at a meeting of the Municipal Council ~ May 4, 2006
rh'A.r' 7-< A.
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CLERK
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RECORO OF COUNCIL VOTE
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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'
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McMANIMON & SCOTLAND. L.L.c.
ATTORNEYS AT LAW
ONE RIVERFRONT PLAZA, FOURTH FLOOR
NEWARK. NEW JERSEY 07102-5408
V \-
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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
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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~~ti~
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