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Master Report
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File Number: 12803
Revision:
Enactment Number: R-22-0422
File Type: Resolution
File Name: General Obligation Bonds - Bay of Pigs
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Status: ADOPTED
Controlling Body: City Commission
Introduced: 10/18/2022
Requesting Dept: Commissioners and Mayor Final Action Date: 10/27/2022
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
DECLARING THE OFFICIAL INTENT OF THE CITY OF MIAMI ("CITY") TO ISSUE
BOTH TAXABLE AND TAX-EXEMPT GENERAL OBLIGATION BONDS, IN ONE OR
MORE SERIES, PAYABLE FROM AD VALOREM TAXES PROVIDED THAT THE
CAPITAL PROJECTS DEBT MILLAGE NOT EXCEED THE RATE OF 0.5935 MILLS IN
ACCORDANCE WITH THE NOVEMBER 7, 2017 BOND REFERENDUM APPROVED
BY THE VOTERS, IN AN EXPECTED NOT TO EXCEED TOTAL MAXIMUM PRINCIPAL
AMOUNT OF ONE HUNDRED SEVENTY-FIVE THOUSAND DOLLARS ($175,000.00)
(COLLECTIVELY, "LIMITED AD VALOREM BONDS") IN ORDER TO, AMONG OTHER
THINGS, REIMBURSE THE CITY FOR FUNDS ADVANCED BY THE CITY FOR
CERTAIN EXPENSES INCURRED WITH RESPECT TO CAPITAL PROJECTS TO BE
UNDERTAKEN BY THE CITY TO IMPROVE PARKS, CULTURAL FACILITIES, AND
INFRASTRUCTURE, ALL AS INDICATED IN THE ATTACHED PROJECT LIST IN
EXHIBIT "A," ATTACHED AND INCORPORATED; ESTABLISHING CERTAIN
RELATED DEFINITIONS OF TERMS; AUTHORIZING CERTAIN FURTHER AND
INCIDENTAL ACTIONS BY THE CITY MANAGER IN CONSULTATION WITH THE CITY
ATTORNEY, BOND COUNSEL, DISCLOSURE COUNSEL, FINANCIAL ADVISOR,
CHIEF FINANCIAL OFFICER, FINANCE DIRECTOR, BUDGET DIRECTOR, AND
SUCH OTHER APPROPRIATE OFFICERS, EMPLOYEES, AND AGENTS OF THE
CITY AS THE CITY MANAGER DEEMS NECESSARY, ALL AS REQUIRED FOR
PURPOSES OF SECTIONS 103 AND 141-150 OF THE U.S. INTERNAL REVENUE
CODE OF 1986, AS AMENDED, AND FOR COMPLIANCE THEREWITH; FURTHER
AUTHORIZING RELATED AMENDMENTS TO THE CITY'S MULTI -YEAR CAPITAL
PLAN AS NECESSARY.
Sponsor(s): Commissioner Manolo Reyes
Notes:
Links:
Attachments: 12803 Exhibit A (PDF)
History of Legislative File:
Revision: Acting Body: Date: Action: Result:
Victoria Mendez
10/18/2022
Approved Form and
Completed
Correctness
City Commission
10/27/2022
Meeting
Completed
City Commission
10/27/2022
ADOPTED
Passed
Mayor's Office
11/1/2022
Signed by the Mayor
Completed
City Clerk's Office
11/1/2022
Signed and Attested by the City
Completed
Clerk
City Clerk's Office
11/1/2022
Rendered
Completed
City of Miami Page 1 of 2 Printed on: 111312022
CON 011-:1, City of Miami
Master Report
Enactment Number: R-22-0422
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
City of Miami Page 2 of 2 Printed on: 111312022