HomeMy WebLinkAboutR-93-0535J-93-626
8/23/93
RESOLUTION NO. 93-'
A RESOLUTION, WITH ATTACHMENTS, APPROVING THE
ISSUANCE OF AN AMOUNT NOT TO EXCEED
$60,000,000 CITY OF MIAMI, FLORIDA HEALTH
FACILITIES AUTHORITY HEALTH FACILITY REVENUE
REFUNDING BONDS, SERIES 1993 (MERCY HOSPITAL
PROJECT), FOR THE PURPOSES OF SECTION 147(F)
OF THE INTERNAL REVENUE CODE OF 1986, AS
AMENDED; APPROVING THE MINUTES OF THE PUBLIC
HEARING HELD BY THE AUTHORITY PURSUANT TO THE
TAX EQUITY AND FISCAL RESPONSIBILITY ACT OF
1982; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the City of Miami, Florida Health Facilities
Authority (the "Authority") was created by Resolution No. 79-93,
adopted on February 22, 1979 by the City Commission of the City
of Miami, Florida (the "Commission"), as amended by Resolution
No. 79-330, all pursuant to the Florida Health Facilities
Authority Law, Chapter 154, Part III, Florida Statutes;
WHEREAS, on August 30, 1993, the Authority held a public
hearing, notice of which hearing was published on August 16, 1993
in the Miami Review (a copy of which notice is attached hereto as
Exhibit A and incorporated herein), for the purpose of giving all
interested persons an opportunity to express their views, either
orally or in writing, in connection with the Authority's proposed
issuance of not to exceed $60,000,000 City of Miami, Florida
Health Facilities Authority Health Facility Revenue Refunding
Mtn 'YY �01 T P I7 'I", E rW,
CITY CC)MI USSION
OF
Reeolution Na
93— v+sr
Bonds, Series 1993 (Mercy Hospital Project) (the "Bonds"), as
required by Section 147(F) of the Internal Revenue Code of 1986,
as amended (the "Code");
WHEREAS, on August 30, 1993, the Authority adopted a
Resolution expressing its intent to issue the Bonds, subject to
approval by the Commission, and final approval by the Authority
of the financing documents;
WHEREAS, after reviewing a copy of the minutes of the
Authority's public hearing held on August 30, 1993 in respect to
the Bonds, a copy of which minutes is attached hereto as Exhibit
B and incorporated herein, the Commission desires to approve the
issuance of the Bonds for the purposes of complying with Section
147(F) of the Code;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY
OF MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the
Preamble to this resolution are hereby adopted by reference
thereto and incorporated herein as if fully set forth in this
Section.
Section 2. The issuance of the Bonds in an aggregate
principal amount not to exceed $60,000,000 pursuant to a bond
resolution adopted by the Authority on August 30, 1993 is hereby
in all respects approved for purposes of Section 147(F) of the
Code. Such Bonds may be issued on one or more series at the
opinion of the Authority and that approval given hereby shall be
for each such series. If issued in separate series, the
designation of such series shall be at the Authority's
discretion.
Section 3. The City Commission hereby approves the minutes
of the public hearing held with respect to the Bonds on August
30, 1993 in accordance with the Tax Equity and Fiscal
Responsibility Act of 1.982, which transcript was presented at
this meeting.
Section 4. This Resolution shall become effective
immediately upon its adoption.
,
PASSED AND ADOPTED this 7th _ day of _ September , 1993.
XAVIER L. AREZ, MAYOR
I
AT ES
MA If Y HIRAI, CITY CLERK
LEGAL REVIEW:
f
G. MIRIAM MAER
CHIEF ASST. CITY ATTORNEY
APPROVED AS TO FORM AND
CORRECTNESS:
QO
NNnO Sr II/
CITY ATT EY
-s 33- 535
i
MIAMI DAILY BUSINESS REVIEW
Published Dally except Saturday, Sunday and
Legal Holidays
Miami, Dade County, Florida.
STATE OF FLORIDA
COUNTY OF DADE:
Before the undersigned authority personally appeared
Octelms V. Ferbeyre, who on oath says that she Is the Super.
visor, Legal Notices of the Miami Daily Business Review f/k/a
Miami Review, a daily !except Saturday, Sunday and Legal
Holidays) newspaper, published at Miami In Dade County,
Florida; that 1he attached copy of advertisement, being a
Legal Advertlemnent of Notice In the matter of
CITY OF MIAMI, FLORIDA
HEALTH FACILITIES AUTHORITY
NOTICE OF PUBLIC HEARING
AUGUST 30, 1993
In the ....... X.. X..X ....................•.... Court,
was published In sold newspaper In the Issues of
August 16, 1993
Affiant further says that the said Miami Daily Business
Review Is a newspaper published at Miami in said Dade
County, Florida, and that the said news
ppaper has heretofore
been continuously published In said 04de County, Florida,
each day (except Saturday, Sunday 'And Legal Holidays) and
has been entered as second class Mali matter at the poet
office In Miami In said Dade County, Florida, for a period of
one year next preceding the first publication of the attached
copy of advertisement, and afftant fu hex says that she has
neither paid nor promised an r II or corporation
any dls unt, rebate, com on r relu for the purpose
of a url It
a v4rtl t or publ ation in the said
no p e
Sworn to and subscribed before me this
j
16
day oP A.A. 19. � 3. .
OFFICIAL, NOTARY SEA
(SEAL) AGN S E. PFNA
Octelme V. Ferbsyre parson ja11V{afWrtj'M'Jl IC 5-r 1T. OF FLORiDA
CONEWS' i'01NI NO. CC 172](6
My COMIMV5510N EXP. IAN. 6.1996
NOTICE OF PUBLIC NEARING
Please take notice that the
City of r'.liaml, Florida Health
Facilities Authority (the "Authori-
ty") will hold a public hearing to
commence at 11:00 A.M. on
Monday, August 30, 1993, at the
City of Miami, City Commission
Chambers, 3500 Pan American
Drive, Miami, Florida, regarding
the proposed Issuance of the
Authority's Health Facll-
Ilies Revenue Refunding Bonds
(Mercy Hospital Project), Series
1993 in an aggregate principal
amount not to exceed $60,000,
000, the proceeds of which
bonds will be used (a) to refund
all or a portion of the Authority's
outstanding Health Facil-
Itles Revenue Bonds (Mercy
Hospital Project) Series 1989 and
the Aulhority's.Health Facilities
Revenue Bonds (Mercy Hospital
Project) Series 1991, both of
which were originally Issued to
finance the acquisition, con-
struction and equipping of health
care facilities of the Hospital, (b)
to acquire, construct or Improve
certain parking facilities, .(c) to
fund a, debt service reserve, If
deemed appropriate, (d) to
EXHIBIT A
provide credit enhancement, if'
deemed appropriate and (a) to
pay certain costs of Issuance of
the bonds (collectively, or
separately, the "Project"), all on
behalf of Mercy Hospital, Inc., a
Florida non-profit corporation
(the "Hospital"). The Hospital wilt
own, operate and manage the
Project which is and will be
located at 3663 South Miami
Avenue, Miami, Florida.
The Bonds shall not be a debt,!
liability or obligation of thei
Authority, or of the City of Miami
or of the State of Florida or of j
any political subdivision thereof,
but shall be payable solely from;
revenues derived from operation'
of the Project or from security
provided by the Hospital. The,
Authority has no taxing power,
t
A transcript of the proceedings
of this hearing will be prepared
by the Authority. Any person I
wishing to comment in writing iiii
on the Project should do soli
within fourteen (14) days after the
date of publication of this notice+
to City of Miami, Florida, Health
Facilities+ Authority, Attention: 1
Finance Director.
18116 93.3-081660M.
93-- 535
h LLI l: l3
Minutes of Public Hearing
City of Miami, flurida Health Facilities Authority, AugusL 30, 1993,
11:00 a.m. at Miami City Hall, City Commission Chambers, 3500 Pan American
Drive, Miami, Florida.
Presiding: Dr. Charles Beber•
Present: Mrs. Maria Al""su-MarLinez, Authority Member
Mrs. Gloria Ru_.ellu, AuthuriLy Member
Mrs. G. Miriam Maer, CiLy ALLurney
Mr. Kenneth flyers, Bond Counsel
Mr. Carlos Gar•c i a, Au Lhur i Ly Secretary
Mr. Pete Ch i rwuL, Au(huv i L.y Asst. Secretary
Mr. Je► vy Mashburn, Mercy Hospital V.P.
{ Ilie.--I'u I.
Ilr. Leber announced l.haL Lire ALI LhOr 1 L)' would now proceed to hold a
public: hearing un Lhe issuance of iLs heal Lb faciIiLies revenue refunding
bond, for Life purpose of refunding certain outs Landing obiigaLiuns of the
Au►huri Ly and f innnc tng a proposed heal Lh faci 1 i t ies pfnijec:L un behalf of
Mercy Hospital, 111c. the hearing is belay held for 'the purpose of (rearing
f vom anyone who wh i shes to be beard on the proposed bond financing and Life
proposed IrrujecL. life following is a substantially verbaLim account of the
pruceed i rills or Lh i s hear• i rig :
CHAIR: We will now conduct
the public hearing
on the proposed issuance
of
health facilities
revenue refunding
bonds for the purpose
of
ref"nrding certain outstanding obligations
of the A"thority and
Lhe
proposal financing
of a project to
be located in the City
of
Miami, Dade County,
Florida on behalf
of Mercy Hospital, Inc.
93 - 535
Thjs pub 11c hearing is heiny conducted pursuanL to the
requirements of the Federal Tax I=duiLy and Fiscal Respons ib i I i Ly
Act of 19B2, as amended by the lax Reform Act of 1986, Lugel.her
referred to for prnlposes of Itis heating, as 1EFRA. 1EfRA
requires that in order for Lhe inl.eresL on hospital revenue bunds
to he exempt from federal inr..ome Lax, such proposed bonds and the
projects wilah I mW w111 f in:urce mulk he app-tTved by either a
voter referendum or- by an applicable elected legislative burly
after a public hearing following reawable public notice.
He City Commissimiers of Lhe City of Miami have directed that.
this AuLhuriLy conduct. Lhe required public (rearing following which
a transcript: of the testimuny given at the hearing wi I I he
provided to the Commission at a reynlar meeting of the Ummissiun,
al. which time LhO Commission wi I l approve or disapprove Lhe
issuance o f the bonds by the Authority.
It should he noted that the pr•or.eydings of this public hearing are
being recorded and will be mairrtoi►red as a permanent record.
1-1i I1 tho I"yearLive Director please irrLrud= the required nuLice
of public hearing.
MR. GARCIA: The hluLice of Public Hearing was 'vibl ished in the Miami Review on
�nctir : I. 16, 1993, advising Lha L the Au Lhur i Ly will hold a public
h(:.rr• i net on (lie proposed i s :ttance of 10 Health f ace i I i t. i es Rovr.►rne
Rc: f ur►cl l ng 1loncls . He have on r•ucord a copy of the Notice of Public
Ilea► ing.
CHAIR: We will now cnnnnence Lhe public hearing. 1 Ire hearing will be
condor Led ill Lhe I o I I ow i ng I ornra L: I- i rst, hold Cunrrse, I w i I I
prov i de a br• i e f synnps 1 s o f the ' proposed horrd f i rr.rr� i ny and the
project. Ocund, Les t im ouy from anyone desiring to speak in,
sr(bill j 1. wr•i LLen ' Les[ imuny on the s1.cc:c i f is project tinder
cuesideraLjury will be heard or submitted. Anyone wishing to speak.
or submit: wr i 1. Len—tes L imuny should give his or hc'r name and
address fur the record.
Will Cuunsel please inLruduce the project: for cunsideraL►un.
MR. MYE-_RS : The project: scheduled is a bund issue in an amount not excr_ed j ng
$60,000,UUO, the proceeds of which will be used (a) to refund all
or a portion of the An Lhurl l.y' s outstanding Ilusp i La I Revenue
Refunding Bonds (Mercy Ilu_;piLa1 Project) Series 1989 and Lhe
Authority'sIlra I L.h I ac i I 1 L i es Revenue (fonds (Mc rcy Hospital
Prnkyl.) Series 11191., but.h of which were originally issued Lo
f ina"ce the acquj ; j L ion, consLrucL ion and equipping of health care
fac: i I i t ies a 1. Mercy Hospital; (b) to acquire, cues LrucL. or improve
certain parking facilitjes; (c) to fund a debt service reserve, if
deemed appropriate, (d) to provide credit enhancement , if deemed
appropr• i aLe ,and (e) to pay certain costs of issuance of the bonds
(collectively, or separately, the. "Project"), all on behalf of the
r
Hospital.
93— 535
Any final approva i of Lhe Au (:hoc' i ty is cond i t i olia l upon l.he
AuLhoriLy's approvai of the I►Ian or financing and approval of Lhe
f i nanc i ny doculllell Ls .
CIIAIR: lesLimuny will now Lie heard t!y allycnie desiring Lo streak oil I.he
proposed p)-tiject.. the record 111dica1-es Lhal: Jerry Mashburn, Vice
Pres i (1011 and Chief Financial UI I icer or Mercy 110'.1)iLit l, Inc. is
ill aLLendanc.e r'epresen(. my Lhe Ilu:,p i La; .
is Lhere anyone who wishes Lo streak or file wr i LLen LesL imo►ly on
Lhis ma LLe r?
". ..'.. 1 1 I had eveI, Lrcen Buh l i sIIc d
I`'n:m iui n�rJf; t V 1sI:C;U I f LftE rll?rV5 lii )Er' ili
ill Spilll i sll . Uue to Lhe lint(? f)rrcen time of Ir i I i tigua l voters !I)
Lhe C 1 Ly ads slluu I d he pub I i slit:d ill 511r_I11i ;;h and Creole.
Mr. Gave i a responded 11101 LIIP ;ocl(is L i on r•iou l d be considered when
Llic next. public heariny is advcl•Liscd.
Mrmhor AI ni m. l orI.Inez asl;rcl i f Lhr ;e tiomts were needed for Lhe
lio:p i t.a l I.o eypand or what was exactly t.trc i r' porlm)se.
Mr. Myers sLafcd (hint. Lila llrirpose of Llie ►f-Jundilly was Lo reduce
Ulu deht Service of Lhe hush i L,r l .
Mrs. AlnnsoTlarLfnnz also asked if Ihe_r" 11. I ho"ll any 501;l,,mntial
clim c r, ill (.Ite L i nallt. i a l pw-, i I i can of Lhe I1o";p i La I, Lo wh i ch IIt-
I1,aslll�urrr answcl'nd ill I,he II(mP(fvc.
CHAIR: I.e1. the record rc;f Ictct. I.hal, nu one fi'unl (Am pub] is appeared
desiring Lu cummenL oil Lhis pvojcc(..
I b i s colic i odes the litth I i C heal' i ny schedtc 1 eel for todi>_y. . 'I'll i s
irrnjQcL, LnyeHier with a Lr'alisc:l'i11L. of Loday's lcirhlic: hear iny,
wi I I he forwa"dr'd Lo I IIQ C f I y Ccmutli ss iun al. a regular meet my at,
Which Lime 0!, t'umnli ss itill wi I I approve or disal pvui ve Lhe prolrused
issuance of builds.
RespecLfully suhmi LLed,
cis G-
C it 1 . F.�Gill
'c
Sec reLilr'y
93- 535
CITY OF MIAMI. FLORIDA
INTER -OFFICE MEMORANDUM
11
TO: Honorable Mayor and Members DATE FILE
of the City Commission AUG 2 61993
SUBJECT
Agenda Item for City
Commission Meeting.
FROM REFERENCES
Ces io
Cit a er ENCLOSURES
It is respectfully recommended that the City Commission adopt the
attached resolution, with attachments, approving the issuance of
an amount not to exceed $60,000,000 City of Miami, Florida Health
Facilities Authority Health Facility Revenue Refunding Bonds,
Series 1993 (Mercy Hospital Project), for the -purposes of Section
147(F) of the Internal Revenue Code of 1986, as amended;
approving the minutes of the public hearing held by the Authority
pursuant to the Tax Equity and Fiscal Responsibility Act of 1982;
and providing an effective date.
The City of Miami, Florida Health Facilities Authority has held a
public hearing for the purpose of giving interested persons an
opportunity to express their views in connection with the
Authority's proposed issuance of not to exceed $60,000,000 City
of Miami, Florida Health Facilities Authority Revenue Refunding
Bonds, Series 1993 (Mercy Hospital Project), as required by
Section 147(F) of the Internal Revenue Code of 1986. The
Authority has also adopted a resolution expressing its intent to
issue such bonds.
At this time, the City Commission must confirm and approve the
actions of the Authority in authorizing the issuance of the bonds
and the holding of the public hearing.
These bonds will not constitute a debt or liability of the City
of Miami or the City of Miami, Florida Health Facilities
Authority. They are payable solely out of the revenues of Mercy
Hospital, Inc., on whose behalf the bonds are issued. Florida
law prohibits the bonds from being an obligation of the City, the
State of Florida, or any political subdivision thereof.
93- 535
h.
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CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
TO H
_ DATE FILE
Honorable Mayor and Members of the City Commission AUG 2 61993
i
SUBJECT .
Agenda Item for City
Commission Meeting.
FROM REFERENCES
Ces i io
Cit a er ENCLOSURES
LOXANOW210¢_
It is respectfully recommended that the City Commission adopt the
attached resolution, with attachments, approving the issuance of
an amount not to exceed $60,000,000 City of Miami, Florida Health
Facilities Authority Health Facility Revenue Refunding Bonds,
Series 1993 (Mercy Hospital Project), for the purposes of Section
147(F) of the Internal Revenue Code of 1986, as amended;
approving the minutes of the public hearing held by the Authority
pursuant to the Tax Equity and Fiscal Responsibility Act of 1982;
and providing an effective date.
The City of Miami, Florida Health Facilities Authority has held a
public hearing for the purpose of giving interested persons an
opportunity to express their views in connection with the
Authority's proposed issuance of not to exceed $60,000,000 City
of Miami, Florida Health Facilities Authority Revenue Refunding
Bonds, Series 1993 (Mercy Hospital Project), as required by
Section 147(F) of the Internal Revenue Code of 1986. The
Authority has also adopted a resolution expressing its intent to
issue such bonds.
At this time, the City Commission must confirm and approve the
actions of the Authority in authorizing the issuance of the bonds
and the holding of the public hearing.
These bonds will not constitute a debt or liability of the City
of Miami or the City of Miami, Florida Health Facilities
Authority. They are payable solely out of the revenues of Mercy
Hospital, Inc., on whose behalf the bonds are issued. Florida
law prohibits the bonds from being an obligation of the City, the
State of Florida, or any political subdivision thereof.
I
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