HomeMy WebLinkAboutMaster ReportFile Number: 09-00200
Version: 2
City of Miami
Master Report
Enactment Number: R-09-0103
File Type: Resolution
Reference:
File Name: Issuance -Ad Valorem Tax Bonds
Requester: Department of Finance Cost:
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Status: Passed
Controlling Body: Office of the City
Clerk
Introduced: 2/19/2009
Final Action: 3/12/2009
Title: A RESOLUTION OF THE CITY OF MIAMI, FLORIDA, CITY COMMISSION, WITH
ATTACHMENT(S), AUTHORIZING THE ISSUANCE OF NOT TO EXCEED FIFTY-ONE
MILLION, FIFTY-FIVE THOUSAND DOLLARS ($51,055,000) IN AGGREGATE PRINCIPAL
AMOUNT OF CITY OF MIAMI, FLORIDA LIMITED AD VALOREM TAX BONDS, SERIES 2009
(HOMELAND DEFENSE/NEIGHBORHOOD CAPITAL IMPROVEMENT PROJECTS) ("SERIES
2009 BONDS"), TO PAY FOR THE COSTS OF ACQUISITION, CONSTRUCTION AND EQUIPPING
OF CERTAIN HOMELAND DEFENSE/NEIGHBORHOOD CAPITAL IMPROVEMENT PROJECTS
WITHIN THE CITY AND TO PAY THE COSTS OF ISSUANCE OF THE SERIES 2009 BONDS;
PROVIDING THAT SUCH SERIES 2009 BONDS SHALL NOT CONSTITUTE GENERAL
OBLIGATIONS OF THE CITY BUT SHALL BE SPECIAL LIMITED OBLIGATIONS PAYABLE
FROM A LIMITED AD VALOREM TAX TO BE LEVIED ANNUALLY ON ALL TAXABLE
PROPERTY IN THE CITY, WHICH LIMITED AD VALOREM TAX SHALL BE PLEDGED FOR THE
PAYMENT OF THE PRINCIPAL OF AND THE INTEREST ON SUCH SERIES 2009 BONDS;
PROVIDING A SECONDARY SOURCE OF PAYMENT FOR SUCH SERIES 2009 BONDS FROM
NON AD VALOREM REVENUES; MAKING CERTAIN COVENANTS AND AGREEMENTS IN
CONNECTION WITH SUCH NON AD VALOREM REVENUES; DELEGATING TO THE CITY
MANAGER THE DETERMINATION OF CERTAIN MATTERS AND DETAILS CONCERNING THE
SERIES 2009 BONDS AND AUTHORIZING THE CITY MANAGER TO EXECUTE ALL
DOCUMENTS, INSTRUMENTS AND CERTIFICATES IN CONNECTION THEREWITH SUBJECT
TO REVIEW AND APPROVAL AS TO LEGAL FORM AND CORRECTNESS BY THE CITY
ATTORNEY; AUTHORIZING THE NEGOTIATED SALE OF THE SERIES 2009 BONDS;
APPROVING THE FORM AND AUTHORIZING THE EXECUTION AND DELIVERY OF A BOND
PURCHASE AGREEMENT IN CONNECTION THEREWITH SUBJECT TO REVIEW AND
APPROVAL AS TO LEGAL FORM AND CORRECTNESS BY THE CITY ATTORNEY;
APPROVING UNCERTIFICATED, BOOK -ENTRY ONLY REGISTRATION OF SAID SERIES 2009
BONDS WITH THE DEPOSITORY TRUST COMPANY; DELEGATING TO THE CITY MANAGER
AUTHORITY TO NEGOTIATE AND OBTAIN A MUNICIPAL BOND INSURANCE POLICY
AND/OR A CREDIT FACILITY, IF ANY, TO INSURE AND/OR SECURE, AS APPLICABLE, SAID
SERIES 2009 BONDS AND TO EXECUTE AND DELIVER ANY RELATED AGREEMENTS
SUBJECT TO REVIEW AND APPROVAL AS TO LEGAL FORM AND CORRECTNESS BY THE
CITY ATTORNEY; APPOINTING A PAYING AGENT AND BOND REGISTRAR; APPROVING THE
FORM AND AUTHORIZING THE EXECUTION AND DELIVERY OF A PAYING AGENT AND
REGISTRAR AGREEMENT, SUBJECT TO REVIEW AND APPROVAL AS TO LEGAL FORM AND
CORRECTNESS BY THE CITY ATTORNEY; PROVIDING FOR A PRELIMINARY OFFICIAL
STATEMENT AND AN OFFICIAL STATEMENT SUBJECT TO REVIEW AND APPROVAL AS TO
LEGAL FORM AND CORRECTNESS BY THE CITY ATTORNEY AND THE SELECTION OF A
FINANCIAL PRINTER THEREFOR; COVENANTING TO PROVIDE CONTINUING DISCLOSURE
IN CONNECTION WITH THE SERIES 2009 BONDS IN ACCORDANCE WITH SECURITIES AND
EXCHANGE COMMISSION RULE 15C2-12 AND APPROVING THE FORM AND AUTHORIZING
THE EXECUTION AND DELIVERY OF A CONTINUING DISCLOSURE AGREEMENT WITH
RESPECT THERETO SUBJECT TO REVIEW AND APPROVAL AS TO LEGAL FORM AND
CORRECTNESS BY THE CITY ATTORNEY AND APPOINTING A DISCLOSURE
City of Miami Page I Printed on 6/1/2017
City ofMiami Page 2 Printed on 61112017
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City Hall
City of Miami 3500 Pan American Drive
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Miami, FL 33133
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www.miamigov.com
Master Report
Enactment Number: R-09-0103
DISSEMINATION AGENT THEREUNDER; AUTHORIZING ALL REQUIRED ACTIONS; AND
PROVIDING AN EFFECTIVE DATE.
Sponsors:
Notes:
Indexes:
Attachments: 09-00200 legislation.pdf,09-00200 Exhibit.pdf,09-00200 Exhibit 2.pdf,09-00200 Exhibit
3.pdf,09-00200 Exhibit 4.pdf,09-00200
Summary Form.pdf,09-00200 Pre Legislation.pdf,09-00200
Master Report.pdf,
History of Legislative File
Version: Acting Body: Date:
Action: Sent To: Due Date: Return Date: Result:
2 Office of the City 3/11/2009
Review Pending
Attorney
2 City Commission 3/12/2009
ADOPTED Pass
2 Office of the City 3/13/2009
Reviewed and
Attorney
Approved
2 Office of the Mayor 3/17/2009
Signed by the Mayor Office of the City
Clerk
2 Office of the City Clerk 3/17/2009
Signed and Attested
by City Clerk
City ofMiami Page 2 Printed on 61112017