Broward County Commission Regular Meeting
Director's Name: Leonard Vialpando
Department: Resilient Environment Division: Housing Finance Division
Information
Requested Action
title
MOTION TO ADOPT Resolution, the title of which is as follows:
Resolution of the Board of County Commissioners of Broward County, Florida, approving and authorizing execution of the Agreement between the Housing Financing Authority of Broward County, Florida (“HFA”) and GNP Services, CPA, PA d/b/a Dufresne CPA Services, PA for Accounting Services (“Agreement”); authorizing the proper officers of the HFA to execute all other documents and do all things necessary or advisable in connection with entering into the Agreement; and providing for severability and an effective date.
body
Why Action is Necessary
Formal Board approval is necessary for the adoption of a Resolution and Broward County Ordinance No. 79-41 requires that the HFA obtain Board approval prior to entering into contracts.
What Action Accomplishes
Enables the adoption of the Resolution.
Goal Related Icon(s)
☒County Commission
☐Go Green
☐MAP Broward
Previous Action Taken
None taken.
Summary Explanation/Background
THE RESILIENT ENVIRONMENT DEPARTMENT AND THE HOUSING FINANCE DIVISION RECOMMEND APPROVAL OF THE ABOVE MOTION.
This item supports the Goal of the Broward County Board of County Commissioner’s (“Board”) of “ensuring residents have an affordable place to live by offering sustainable, compatible, innovative, accessible, affordable housing options for all income levels, including integrated, permanent supportive housing and zoning that helps residents build equity.”
On February 21, 2024, the governing board of the Housing Finance Authority of Broward County, Florida (“HFA”), approved the publishing of the notice and timeline to entertain responses from firms interested in providing accounting services for the HFA’s single family and multifamily mortgage revenue bonds and the HFA’s operations (“Accounting Services”). The HFA received one proposal from GNP Services, CPA, PA d/b/a Dufresne CPA Services, PA.
On April 17, 2024, the HFA selected GNP Services, CPA, PA d/b/a Dufresne CPA Services, PA (“Contractor”), to provide the Accounting Services and authorized HFA staff to negotiate an agreement with the Contractor. The monthly bookkeeping fee will be $4,500 per month. Other services such as annual bonds audit and new bond issues are defined in the attached agreement.
On May 15, 2024, the HFA adopted Resolution No. 2024-006 (attached as Exhibit 2), authorizing and approving the execution of the Agreement between the HFA and the Contractor to provide the Accounting Services (“Agreement”). The HFA Resolution was approved for legal sufficiency by the Office of the County Attorney.
Pursuant to Broward County Ordinance No. 79-41, the HFA must obtain approval from the Broward County Board of County Commissioners (“Board”) prior to entering into contracts. Adoption of the proposed Resolution (attached as Exhibit 1) authorizes the HFA to enter into the Agreement (incorporated into Exhibit 1).
Source of Additional Information
Ralph Stone, Director, Housing Finance Division, (954) 357-5320.
Fiscal Impact
Fiscal Impact/Cost Summary
There is no fiscal impact to the County. The estimated cost to the HFA is approximately $90,000 annually.