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~ Master Report
File Number: 12932
Revision:
Enactment Number: R-22-0466
File Type: Resolution
File Name: Declare - Intent to Issue Bonds
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Status: ADOPTED
Controlling Body: City Commission
Introduced: 11 /7/2022
Requesting Dept: Commissioners and Mayor Final Action Date: 11/17/2022
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 FOUR MILLION, FIVE HUNDRED FIFTY THOUSAND DOLLARS
($4,550,000.00) (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 MINIMIZE FLOODING
FREQUENCY, SEVERITY, DURATION, AND IMPACTS; PROTECT CRITICAL
INFRASTRUCTURE AND HIGH -USE AREAS; AND REDUCE FINANCIAL AND
ECONOMIC VULNERABILITY, 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: 12932 Exhibit A (PDF)
History of Legislative File:
Revision: Acting Body: Date: Action: Result:
Victoria Mendez
11/7/2022 Approved Form and
Completed
Correctness
City Commission
11/17/2022 Meeting
Completed
City Commission
11/17/2022 ADOPTED
Passed
Mayor's Office
11/22/2022 Unsigned by the Mayor
Completed
City of Miami Page 1 of 2 Printed on: 121712022
CON Ok-11, City of Miami
Master Report
� 9k
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Enactment Number: R-22-0466
City Clerk's Office 11/22/2022 Signed and Attested by the City
Clerk
City Clerk's Office 11/28/2022 Rendered
Completed
Completed
City of Miami Page 2 of 2 Printed on: 121712022