HomeMy WebLinkAboutmemo 5-14-09CITY OF MIAMI
INTER -OFFICE MEMORANDUM
To: Honorable Mayor and Members
of the City Commission
From: Priscilla A. Thompson
City Clerk
Date: April 13, 2009
Subject: Finance Committee
References: May 14, 2009 Agenda
Enclosures: List of members
The Finance Committee was created to review and make recommendations regarding the issuance of debt
obligations and the management of outstanding debt. The committee will consider all issues related to
outstanding and proposed debt obligations, and will vote on issues affecting or relating to the credit
worthiness, security and repayment of such obligations, including but not limited to procurement of services,
structure, repayment terms and covenants of the proposed debt obligation, and issues which may affect the
security of the bonds and ongoing disclosure to bondholders and interested parties.
Four (4) appointments are required at this time:
• Chair Sanchez has one (1) nomination for a seat currently held by:
1. Humberto Rodriguez, incumbent, whose term expired on April 9, 2009.
• Commissioner Sarnoff has one (1) nomination for a seat currently held by:
1. Juan Martinez, incumbent, whose term expired on April 9, 2009.
• Commissioner Regalado has one (1) nomination for a seat currently held by:
1. Eli Feinberg, incumbent, whose term expired on April 9, 2009, has served as a
member since 7/21/98, exceeding Code term limits, and would require a term
waiver by a unanimous (5/5ths) vote of the Commission.
• City Manager Hernandez has one (1) nomination for a seat currently held by:
1. Diana Gomez, incumbent, whose term expired on April 9, 2009.
For your convenience, we are including a copy of the current membership of said
committee. By copy of this memorandum, we are requesting that the Agenda Office place
this issue on the May 14, 2009 Commission agenda.
PAT:pb
Rafael O. Diaz, Deputy City Attorney
Diana Gomez, Director, Finance Department
Elvi Gallastegui, Agenda Coordinator