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Waiver of Conflict 03/13/20133 i AMY HEA VILIN, CP CLERK OF THE CIRCUIT COURT DA TE: Alarch 21, 2013 TO: Bob Shillinger County Attorney ATTN: Kathy Peters FROM: Pamela G. Hanc(D.C. At the March 20, 2013, Board of County Commissioner's meeting the Board granted approval and authorized execution of the following: Item 03 Nabors, Giblin & Nickerson (NGN) Waiver of Conflict letter for purposes of routine bond audit representation. Enclosed are two duplicate originals for your handling. Item 04 Contract for legal services with Thomas G. Pelham retroactive to March 14, 2013. Enclosed is a copy.for your handling. Should you have any questions, please feel free to contact our office. cc: Finance File✓ TAMPA FORT MYERS Suite 1060 Building 83, Suite 2 2502 Rocky Point Drive Nabors 12731 World Plaza Lane Tampa, Florida 33607 Fort Myers, Florida 33907 (813) 281-2222 Tel (239) 288-4027 Tel (813) 281-0129 Fax Giblin& (239) 288-4057 Fax FORT LAUDE DALEScree T 208 S.E. Sixth Street Nickerson P.A. Suite 2SSEE Suite 200 Fort Lauderdale, Florida 33301 1500 Mahan Drive (954) 525-8000 Tel r I l K N h_ 'r '• A I I A W Tallahassee, Florida 32308 (954) 525-8331 Fax (850) 224-4070 Tel (850) 224-4073 Fax March 13, 2013 George Neugent, Mayor Monroe County, Florida P.O. Box 1980 Key West, Florida 33040 Dear Mayor Neugent: In connection with the examination (the "Examination") by the Internal Revenue Service (the "IRS") of the Monroe County, Florida Airport Variable Rate Revenue Bonds (Key West International Airport), Series 2006 (the "Bonds"), Monroe County (the "County") executed a Form 2848, Power of Attorney and Declaration of Representative to authorize Nabors, Giblin & Nickerson, P.A. (the "Firm") to discuss the Examination of the Bonds with the IRS and to respond to various inquiries by the IRS. In connection with such Examination, the IRS has requested that we obtain a conflict waiver from the County. The Examination was initiated by the IRS on a random basis and the IRS indicated they have no reason to believe the Bonds fail to comply with the applicable tax requirements. The purpose of this letter is to obtain the consent of the County to the Firm's representation of the County in connection with the Examination and the waiver of any possible conflicts which result from our accepting this engagement and with respect to other current or future engagements which are unrelated to the subject of the Examination. With your consent, evidenced by this letter, we will represent the County before the IRS in connection with the Examination. The County recognizes that the purpose of the Examination is for the IRS to review and determine whether interest paid on the Bonds is properly excludable from gross income for federal income tax purposes. Because the Firm, as bond counsel with respect to the Bonds, rendered an opinion on the date of execution and delivery of the Bonds that, subject to certain conditions and limitations, interest on the Bonds would be excludable from gross income for federal income tax purposes, it is possible that, during the course of the Examination, the George Neugent, Mayor March 13, 2013 Page 2 interests of the County and the Firm will become adverse (e.g., if the IRS challenges a legal theory forming the basis of our original bond counsel opinion) so as to create a conflict of interest between the County and the Firm. The County acknowledges and understands this to be the case and, notwithstanding this, authorizes the Firm to proceed to represent the County in connection with the Examination. Nonetheless, the County recognizes that it retains the right, at any time during the course of the Examination, (i) to engage additional counsel for the purpose of advising the County as to matters pertaining to the Examination, or (ii) to terminate our representation of the County with respect to the Examination. The Firm shall immediately inform the County if any such conflict arises. I have signed three signed originals of this letter and ask that you sign and return two to me (one for our records and one to forward to the IRS). Sincerely yours, Steven E. Miller, Esq. Agreed: M N O --I .= Ci r George Neugent, Mayor - — O .. o SEM:ecg nn couNTv p ED AS u PED NT CU N?Fr'ITQR EY - t 3 - yrr��. p, g AyAH1,,1N, CLERK