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PESOLUTION NO. 8 0 - 5 08
A RESOLUTION AUTHORIZING THE CITY MANAGER TO
PROVIDE FOR THE SELECTION OF THE TRUSTEE,'
UNDER THE TRUST INDENTURE, BY RECEIVING BIDS
FOR SUCH TRUSTEESHIP FROM BANKING InSTITUTIONS
IN THE CITY OF MIAMI THAT ARE QUALIFIED TO
ADMI141STER TRUSTS.
BE IT RESOLVED BY THE COMMISSION OF THE CITY
OF MIAMI, FLORIDA:
Section 1. It is hereby found and determined
that it is necessary and in the public interest to
select the Trustee under the Trust Indenture securing
the $60,000,000 Convention Center and Parking Garage
Revenue Bonds by inviting bids for rendering such trustee
services from banking institutions in The City of Miami that
are qualified to administer the trusts under such trust
indenture.
Section 2. The City Manager is authorized and
directed to invite bids for rendering such trustee services,
from such banking institutions determined by him to be
qualified to administer such trusts and requiring that
each bid submitted shall state (a) the principal amount of
Convention Center and Parking Garage Revenue Bonds of the
City that the respective bidder agrees to purchase from
any underwriter of such bonds,and (b) the fees and charges
that such bidder shall charge for each of the categories
of services to t rendered.
Section 3. Such 4ids shall be received as promptly
as practicable. The City Manager, upon analyzing the bids,
is authorized and directeu to award the contract for such
trustee services to such banking institution that submits
the bid which, based on such analysis and in the judgement
of the City Manager, is in the best interest of the City
CITY COMMISSION
MEETING OF
J U N 3 0 1980
�;« 80-5I
8
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and otherwise in the public interest to accept.
Section 4. Upon selection of the trustee as
herein authorized the City Manager is authorized and
directed to insert the name of such trustee in the Official
Statement, the Trust Indenture and the resolution authorizing
the issuance of such bonds adopted on June 30, 1900 by
the Commission.
Section 5. This Resolution shall be in force
immediately upon its adoption.
PASSED AND ADOPTED this 30th day of June, 1980.
(Official Seal)
ATTEST: '
O
RAL G. OPIGIE
CITY CLERK
PREPARED MID APPROVED BY:
ASSISMT TY A TOR iEY
APPROVL I AS TO
U N 1 C f. Nil % A,
TY ATTORNE'.
MAURI CE A. FERRE
MAYOR
? C9RRECTNESS:
80-508