HomeMy WebLinkAboutMemorandumCITY OF MIAMI
INTER -OFFICE MEMORANDUM
To: Honorable Mayor and
Date:
November 21, 2021
Members of the City Commission
Subject:
Finance Committee
From: Todd B. Hannon
References:
Agenda for December 9, 2021
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, has served as a
member since October 11, 2012, and will require a term waiver by a unanimous (515)
vote of the Commission.2, 3
• Commissioner Ken Russell has one (1) nomination for a seat currently held by:'
1. Hardy Katz, incumbent, whose seat expired on November 21, 2020.
'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, September 10, 2020, October 8, 2020, November 19, 2020, December 10, 2020, January 14,
2021, February 11, 2021, March 11, 2021, April 8, 2021, May 13, 2021, June 10, 2021, July 8, 2021, September 13, 2021,
October 14, 2021, and November 18, 2021, Commission meetings.
2 Per Code Section 2-885(b), "When the nominating commissioner leaves office the board member's tern shall expire."
3 This item was continued from January 9, 2020, February 13, 2020, March 12, 2020, May 14, 2020, June 11, 2020, July 9, 2020,
September 10, 2020, October 8, 2020, November 19, 2020, December 10, 2020, January 14, 2021, February 11, 2021, March 11,
2021, April 8, 2021, May 13, 2021, June 10, 2021, July 8, 2021, September 13, 2021, October 14, 2021, and November 18, 2021,
Commission meetings.
a This item was continued from November 19, 2020, December 10, 2020, January 14, 2021, February 11, 2021, March 11, 2021,
April 8, 2021, May 13, 2021, June 10, 2021, July 8, 2021, September 13, 2021, October 14, 2021, and November 18, 2021,
Commission meetings.
• Commissioner Joe Carollo has one (1) nomination for a seat currently held by:'
1. Eric Zichella, incumbent, whose term expired 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, 2019.7
• Commissioner Christine King has one (1) nomination for a seat currently:
1. Vacant. (Lynda Harris resigned effective November 12, 2021)
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 December 9, 2021,
Commission Agenda.
TBH:ne
Erica Paschal, Director, Finance Dept.
Calitza Diaz -Torres, Liaison
Xavier E. Alban, Assistant City Attorney
Miriam M. Santana, Agenda Coordinator
s This item was continued from October 8, 2020, November 19, 2020, December 10, 2020, January 14, 2021, February 11, 2021,
March 11, 2021, April 8, 2021, May 13, 2021, June 10, 2021, July 8, 2021, September 13, 2021, October 14, 2021, and
November 18, 2021, Commission meetings.
6 This item was continued from October 14, 2021, and November 18, 2021, Commission meetings.
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,
September 10, 2020, October 8, 2020, November 19, 2020, December 10, 2020, January 14, 2021, February 11, 2021, March 11,
2021, April 8, 2021, May 13, 2021, June 10, 2021, July 8, 2021, September 13, 2021, October 14, 2021, and November 18, 2021,
Commission meetings.