THE ENVIRONMENTAL PROTECTION AND GROWTH MANAGEMENT DEPARTMENT AND THE HOUSING FINANCE AND COMMUNITY DEVELOPMENT DIVISION RECOMMEND APPROVAL OF THE ABOVE MOTION.
On August 14, 2013 the Housing Finance Authority of Broward County (the “HFA”) board approved the Request for Letters of Interest (RLI) No. 20131006-AS2, to provide audit services for the HFA’s Single-family and Multi-family Mortgage Revenue Bonds. The RLI was published in the Sun-Sentinel on September 18, 2013. There were five responses received, inclusive of Sharpton, Brunson & Company P.A., Blake and Associates CPA, C. Borders-Byrd CPA, LLC, Harvey, Covington and Thomas of South Florida and S. Davis & Associates P.A., which were evaluated by the HFA. Three firms made presentations and were interviewed by the HFA on January 8, 2014. Sharpton, Brunson & Company P.A. withdrew its proposal and the Blake and Associates, CPA was not a Certified Business Enterprise (CBE), which was one of the RLI requirements. The HFA selected S. Davis & Associates P.A. for a three-year term with provisions for two one-year extensions. The term of this Agreement shall commence on October 1, 2014 and cover the HFA audit services fiscal years ending 2014, 2015 and 2016, with two one-year extensions for years 2017 and 2018, at the sole discretion of the HFA.
As a point of information, S. Davis and Associates, P.A., previously has worked for the HFA from FY1999 thru FY2003. Sharpton, Brunson & Company, P.A., also had a prior contract with the HFA from FY2004 to FY2008. The current agreement with Sharpton, Brunson & Company, P.A., which commenced in FY2009, will end October 6, 2014.
At its regular Board meeting on March 12, 2014, the HFA approved Resolution No 2014-003 (Exhibit 2) authorizing entering into an Agreement with S. Davis & Associates P.A. to provide audit services for the HFA’s Single-family and Multi-family Mortgage Revenue Bonds. The Resolution was approved as to form by the Office of the County Attorney. |