HomeMy WebLinkAboutMaster ReportCity of Miami
Master Report
Enactment Number: R-23-0439
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 14719 File Type: Resolution
Revision:
File Name: Authorize Issuance - Special Obligation Non -Ad
Valorem Revenue Bond
Status: ADOPTED
Controlling Body: City Commission
Introduced: 9/19/2023
Requesting Dept: Department of Finance Final Action Date: 9/28/2023
Title: A RESOLUTION OF THE CITY OF MIAMI, FLORIDA, WITH ATTACHMENT(S),
AUTHORIZING THE ISSUANCE OF NOT TO EXCEED $285,000,000 IN AGGREGATE
PRINCIPAL AMOUNT OF SPECIAL OBLIGATION NON -AD VALOREM REVENUE
BONDS, SERIES 2023, IN ONE OR MORE SERIES, FROM TIME TO TIME, FOR THE
PURPOSE OF, TOGETHER WITH OTHER AVAILABLE MONEYS, PAYING THE COST
OF THE DEVELOPMENT, CONSTRUCTION AND EQUIPPING OF THE NEW
ADMINISTRATION BUILDING FOR THE CITY AND RELATED PARKING AND OTHER
IMPROVEMENTS RELATED THERETO; PROVIDING FOR THE RIGHTS AND
SECURITY OF ALL HOLDERS OF BONDS ISSUED PURSUANT TO THIS
RESOLUTION; PROVIDING CERTAIN DETAILS OF THE BONDS; DELEGATING
OTHER DETAILS AND MATTERS IN CONNECTION WITH THE ISSUANCE OF THE
BONDS TO THE CITY MANAGER, WITHIN THE LIMITATIONS AND RESTRICTIONS
STATED HEREIN; PROVIDING FOR THE PAYMENT OF SUCH BONDS FROM
LEGALLY AVAILABLE NON -AD VALOREM REVENUES BUDGETED AND
APPROPRIATED BY THE CITY FOR SUCH PURPOSE; APPOINTING A BOND
REGISTRAR; AUTHORIZING A BOOK -ENTRY REGISTRATION SYSTEM FOR THE
BONDS; AUTHORIZING THE NEGOTIATED SALE AND AWARD FROM TIME TO TIME
BY THE CITY MANAGER OF THE BONDS TO THE UNDERWRITERS, WITHIN THE
LIMITATIONS AND RESTRICTIONS STATED HEREIN; APPROVING THE FORM OF
AND AUTHORIZING THE EXECUTION AND DELIVERY OF ONE OR MORE BOND
PURCHASE AGREEMENTS; APPROVING THE FORM OF AND DISTRIBUTION OF
ONE OR MORE PRELIMINARY OFFICIAL STATEMENTS AND OFFICIAL
STATEMENTS AND AUTHORIZING THE EXECUTION AND DELIVERY OF ONE OR
MORE OFFICIAL STATEMENTS; COVENANTING TO PROVIDE CONTINUING
DISCLOSURE IN CONNECTION WITH THE BONDS IN ACCORDANCE WITH
SECURITIES AND EXCHANGE COMMISSION RULE 15C2-12 AND AUTHORIZING
THE EXECUTION AND DELIVERY OF ONE OR MORE DISCLOSURE
DISSEMINATION AGENT AGREEMENTS WITH RESPECT THERETO AND
APPOINTING A DISCLOSURE DISSEMINATION AGENT THEREUNDER; CREATING
CERTAIN FUNDS AND ACCOUNTS AND PROVIDING FOR THE APPLICATION OF
THE PROCEEDS OF THE BONDS; DELEGATING TO THE CITY MANAGER
AUTHORITY TO NEGOTIATE AND OBTAIN ONE OR MORE BOND INSURANCE
POLICIES AND/OR RESERVE ACCOUNT INSURANCE POLICIES FOR DEPOSIT TO
THE CREDIT OF A SUBACCOUNT OF THE DEBT SERVICE RESERVE ACCOUNT
AND AUTHORIZING THE EXECUTION AND DELIVERY OF AGREEMENTS WITH THE
PROVIDER(S) THEREOF; PROVIDING COVENANTS FOR THE PROVIDER(S) OF
SUCH BOND INSURANCE POLICY AND/OR RESERVE ACCOUNT INSURANCE
POLICY; AUTHORIZING CERTAIN OFFICIALS AND EMPLOYEES OF THE CITY TO
TAKE ALL ACTIONS REQUIRED IN CONNECTION WITH THE ISSUANCE OF THE
BONDS; AND PROVIDING FOR AN EFFECTIVE DATE.
Notes:
City of Miami Page 1 of 2 Printed on: 10/11/2023
City of Miami
Master Report
Enactment Number: R-23-0439
Links:
Attachments: 14719 Exhibit A (PDF)
14719 Exhibit B (PDF)
14719 Exhibit C (PDF)
14719 Exhibit D (PDF)
History of Legislative File:
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Revision: Acting Body: Date: Action: Result:
Erica T Paschal 9/19/2023 Department Head Review Completed
Marie Gouin 9/19/2023 Budget Review Completed
Larry M. Spring 9/19/2023 Assistant City Manager Review Completed
Legislative Division 9/19/2023 Legislative Division Review Completed
Arthur Noriega V 9/19/2023 City Manager Review Completed
Xavier Alban 9/19/2023 ACA Review Completed
Victoria Mendez 9/19/2023 Approved Form and Completed
Correctness
City Commission 9/28/2023 Meeting Completed
City Commission 9/28/2023 ADOPTED Passed
Mayor's Office 10/6/2023 Unsigned by the Mayor Completed
City Clerk's Office 10/6/2023 Signed and Attested by the City Completed
Clerk
City Clerk's Office 10/10/2023 Rendered Completed
City of Miami Page 2 of 2 Printed on: 10/11/2023