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HomeMy WebLinkAboutMaster ReportCity of Miami Master Report Enactment Number: R-23-0485 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 14904 Revision: A File Name: Reallocate Funds - SW 24th St Requesting Dept: Commissioners and Mayor File Type: Resolution Status: ADOPTED WITH MODIFICATION(S) Controlling Body: City Commission Introduced: 10/17/2023 Final Action Date: 10/26/2023 Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), REALLOCATING FUNDS, IN THE TOTAL AMOUNT OF NINE HUNDRED SEVENTY THOUSAND AND 00/100 DOLLARS ($970,000.00) ("FUNDS") FROM THE SW 23 TERRACE FROM SW 27 AVENUE TO SW 32 AVENUE PROJECT, PROJECT NO. 40- B50412, IN THE CITY OF MIAMI'S ("CITY") FISCAL YEAR 2023-24 MULTI -YEAR CAPITAL PLAN ADOPTED ON SEPTEMBER 9, 2023 PURSUANT TO RESOLUTION NO. R-23-0376 AS AMENDED ("CAPITAL PLAN"), AND RE -APPROPRIATING SAID FUNDS TO THE SOUTHWEST 24 STREET FROM SOUTHWEST 27 AVENUE TO SOUTHWEST 32 AVENUE PROJECT, PROJECT NO. 40-B50413 ("SW 24 STREET PROJECT"); DECLARING THE CITY'S OFFICIAL INTENT TO ISSUE TAX-EXEMPT MIAMI FOREVER LIMITED AD VALOREM BONDS ("MIAMI FOREVER BONDS"), IN ONE OR MORE SERIES, TO THE EXTENT PERMISSIBLE UNDER APPLICABLE LAWS, RULES, AND REGULATIONS REGARDING THE MIAMI FOREVER BONDS, AND USE A PORTION OF THE MIAMI FOREVER BONDS FOR SEA -LEVEL RISE MITIGATION AND FLOOD PREVENTION ("SLRMFP") PROJECTS IN THE TOTAL AMOUNT OF NINE HUNDRED SEVENTY THOUSAND AND 00/100 DOLLARS ($970,000.00) TO REIMBURSE THE CITY FOR FUNDS ADVANCED BY IT FOR EXPENDITURES INCURRED AND TO BE INCURRED WITH RESPECT TO THE SW 24 STREET PROJECT AND THE PURPOSES STATED HEREIN; THE USE, ALLOCATION, AND APPROPRIATION OF THE MIAMI FOREVER BONDS SLRMFP FUNDS ARE SUBJECT TO ALL FEDERAL, STATE, AND LOCAL LAWS THAT REGULATE THE USE OF SUCH FUNDS AND THE RECEIPT OF ALL NECESSARY APPROVALS, INCLUDING, BUT NOT LIMITED TO THE CITY ATTORNEY AND BOND COUNSEL APPROVAL; RATIFYING, APPROVING, AND CONFIRMING CERTAIN NECESSARY ACTIONS BY THE CITY MANAGER AND DESIGNATED CITY DEPARTMENTS IN ORDER TO UPDATE THE CAPITAL PLAN, RELEVANT FINANCIAL CONTROLS AND COMPUTER SYSTEMS IN CONNECTION THEREWITH, FOR PROJECT CLOSE-OUTS, AND FOR GRANTS AND OTHER FUNDING SOURCES IN PROGRESS IN CONNECTION HEREWITH; AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE, ANY AND ALL DOCUMENTS, INCLUDING, BUT NOT LIMITED TO, AGREEMENTS, AMENDMENTS, MODIFICATIONS, AND MEMORANDUM OF UNDERSTANDING, ALL IN FORMS ACCEPTABLE TO THE CITY ATTORNEY, NECESSARY FOR THE PURPOSES SATED HEREIN. Sponsor(s): Commissioner Manolo Reyes Notes: Links: Attachments: 14904 Exhibit A -SUB (PDF) History of Legislative File: City of Miami Page 1 of 2 Printed on: 11/30/2023 City of Miami Master Report Enactment Number: R-23-0485 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Revision: Acting Body: Date: Action: Result: Legislative Division 10/17/2023 Legislative Division Review Completed Xavier Alban 10/17/2023 ACA Review Completed Leon P Michel 10/17/2023 Budget Review Completed City Commission 10/26/2023 Meeting Completed City Commission 10/26/2023 ADOPTED WITH Passed MODIFICATION(S) A Legislative Division 11/1/2023 Legislative Division Review Completed A Mayor's Office 11/3/2023 Unsigned by the Mayor Completed A City Clerk's Office 11/3/2023 Signed and Attested by the City Completed Clerk A Xavier Alban 11/28/2023 ACA Review Completed A Victoria Mendez 11/29/2023 Approved Form and Completed Correctness with Modification(s) A City Clerk's Office 11/29/2023 Rendered Completed City of Miami Page 2 of 2 Printed on: 11/30/2023