HomeMy WebLinkAboutMemorandumCITY OF MIAMI
INTER -OFFICE MEMORANDUM
To: Honorable Mayor and Date: September 27, 2020
Members of the City Commission
Subject: Finance Committee
From: Todd B. Hannon References: Agenda for October 8, 2020
City Clerk
Enclosures: List of members
The Finance Committee, a seven (7) member board was created to review and make
recommendations regarding the issuance of debt obligations and the management of outstanding
debt. The committee will consider all issues related to outstanding and proposed debt obligations,
and will vote on issues affecting or relating to the credit worthiness, security and repayment of such
obligations, including but not limited to procurement of services, structure, repayment terms and
covenants of the proposed debt obligation, and issues which may affect the security of the bonds and
ongoing disclosure to bondholders and interested parties.
Six (6) appointments are needed at this time:
• Mayor Francis Suarez has one (1) nomination for a seat currently held by:
1. Eli Feinberg, incumbent, whose term expired on March 12, 2016, has served as a
member since July 21, 1998, and will require a term waiver by a unanimous (515) vote of
the Commission.'
• Commissioner Alex Diaz de la Portilla has one (1) nomination for a seat currently held by:
1. Fausto Alvarez, incumbent, whose term expired on November 26, 2019.2, 3
• Commissioner Joe Carollo has one (1) nomination for a seat currently held by:
1. Eric Zichella, incumbent, whose term expires on October 10, 2020.
• Commissioner Manolo Reyes has one (1) nomination for a seat currently held by:
1. Elsa Pelaez-Lopez, incumbent, whose term expired on March 8, 2019.4
• Commissioner Keon Hardemon has one (1) nomination for a seat currently held by:
1. Lynda Harris, incumbent, whose term expired on March 9, 2018, and will require a
4/5ths waiver of the residency requirement, per Section 2-884(a) of the Code.S
1 This item was continued from March 11, 2016, April 14, 2016, May 12, 2016, June 9, 2016, July 14, 2016, September 8, 2016,
October 13, 2016, November 17, 2016, December 8, 2016, January 12, 2017, February 9, 2017, March 9, 2017, April 13, 2017,
May 11, 2017, June 8, 2017, July 13, 2017, September 19, 2017, October 12, 2017, January 11, 2018, February 8, 2018, March 8,
2018, April 12, 2018, May 10, 2018, June 14, 2018, July 12, 2018, September 13, 2018, October 11, 2018, November 15, 2018,
December 13, 2018, January 10, 2019, February 14, 2019, March 14, 2019, April 11, 2019, May 9, 2019, June 13, 2019, July 11,
2019, September 12, 2019, October 10, 2019, November 21, 2019, January 9, 2020, February 13, 2020, March 12, 2020, May 14,
2020, June 11, 2020, July 9, 2020, and September 10, 2020, Commission meetings.
2 Per Code Section 2-885(b), "When the nominating commissioner leaves office the board member's tern shall expire."
s This item was continued from January 9, 2020, February 13, 2020, March 12, 2020, May 14, 2020, June 11, 2020, July 9, 2020,
and September 10, 2020, Commission meetings.
a This item was continued from March 14, 2019, April 11, 2019, May 9, 2019, June 13, 2019, July 11, 2019, September 12, 2019,
October 10, 2019, November 21, 2019, January 9, 2020, February 13, 2020, March 12, 2020, June 11, 2020, July 9, 2020, and
September 10, 2020, Commission meetings.
City Manager Arthur Noriega, V has one (1) nomination for a seat currently held by:
1. Erica Paschal, incumbent, whose term expired on March 14, 2020.E
For your convenience, we are including a copy of the membership of the committee. By copy of this
memorandum, we are requesting that the Agenda Office place this issue on the October 8, 2020,
Commission Agenda.
TBH:ne
Erica Paschal, Director, Finance Dept.
Calitza Diaz -Torres, Liaison
Robin Jones Jackson, Senior Assistant City Attorney
Miriam M. Santana, Agenda Coordinator
s This item was continued from March 8, 2018, April 12, 2018, May 10, 2018, June 14, 2018, July 12, 2018, September 13, 2018,
October 11, 2018, November 15, 2018, December 13, 2018, January 10, 2019, February 14, 2019, April 11, 2019, May 9, 2019,
June 13, 2019, July 11, 2019, September 12, 2019, October 10, 2019, November 21, 2019, January 9, 2020, February 13, 2020,
March 12, 2020, May 14, 2020, June 11, 2020, July 9, 2020, and September 10, 2020, Commission meetings.
6 This item was continued from May 14, 2020, June 11, 2020, July 9, 2020, and September 10, 2020, Commission meetings.