HomeMy WebLinkAboutMaster ReportTitle: AN ORDINANCE OF THE CITY OF MIAMI, FLORIDA (WITH ATTACHMENTS),
SUPPLEMENTING THAT CERTAIN ORDINANCE NO. 11693 ENACTED BY THE CITY
COMMISSION ON AUGUST 14, 1998, AS FURTHER AMENDED AND SUPPLEMENTED;
AUTHORIZING THE ISSUANCE OF NOT TO EXCEED $70,000,000 AGGREGATE PRINCIPAL
AMOUNT OF ITS PARKING SYSTEM REVENUE AND/OR REVENUE REFUNDING BONDS,
SERIES 2009, IN ONE OR MORE SERIES FROM TIME TO TIME TO BE ISSUED ON A
TAX-EXEMPT AND/OR A TAXABLE BASIS, FOR THE PURPOSE OF REFUNDING ON A
CURRENT BASIS ALL OF ITS OUTSTANDING TAX-EXEMPT VARIABLE RATE PARKING
SYSTEM REVENUE REFUNDING BONDS, SERIES 2008 AND ALL OF IT'S OUTSTANDING
TAXABLE VARIABLE RATE PARKING SYSTEM REVENUE REFUNDING BONDS, SERIES 2008
AND FINANCING THE ACQUISITION, CONSTRUCTION AND INSTALLATION OF CERTAIN
PARKING FACILITIES; PROVIDING FOR THE FUNDING OF THE RESERVE ACCOUNT;
PROVIDING FOR THE PAYMENT OF CERTAIN COSTS OF ISSUANCE IN CONNECTION WITH
THE ISSUANCE OF THE SERIES 2009 BONDS; MAKING CERTAIN FINDINGS AND
DETERMINATIONS; DELEGATING TO THE CITY MANAGER THE DETERMINATION OF
CERTAIN MATTERS AND DETAILS CONCERNING THE BONDS; APPROVING THE SENDING
OF A CONDITIONAL NOTICE OF REDEMPTION; AUTHORIZING THE REFUNDING OF THE
SERIES 2008 BONDS; APPROVING THE SERIES 2009 PROJECT; AUTHORIZING THE
TERMINATION OF THE SWAP ENTERED INTO IN CONNECTION WITH THE TAX-EXEMPT
SERIES 2008 BONDS AND PROVIDING FOR PAYMENT OF ANY TERMINATION PAYMENT IN
CONNECTION THEREWITH AND AUTHORIZING THE EXECUTION AND DELIVERY OF A
TERMINATION AGREEMENT; RATIFYING, CONFIRMING AND APPROVING THE SELECTION
OF THE UNDERWRITERS AND LEGAL COUNSEL BY THE DEPARTMENT FOR THE BONDS;
AUTHORIZING A NEGOTIATED SALE OF THE BONDS; APPROVING THE FORM AND
AUTHORIZING THE EXECUTION AND DELIVERY OF ONE OR MORE BOND PURCHASE
AGREEMENTS; APPROVING UNCERTIFICATED BOOK -ENTRY ONLY REGISTRATION OF THE
BONDS; APPROVING THE FORM AND AUTHORIZING THE DISTRIBUTION OF ONE OR MORE
PRELIMINARY OFFICIAL STATEMENTS AND OFFICIAL STATEMENTS AND PROVIDING FOR
THE SELECTION OF A FINANCIAL PRINTER THEREFOR; DESIGNATING A TRUSTEE, PAYING
AGENT AND BOND REGISTRAR; APPROVING THE FORM AND AUTHORIZING THE
EXECUTION AND DELIVERY OF ONE OR MORE TRUSTEE, PAYING AGENT AND BOND
REGISTRAR AGREEMENTS; APPROVING THE FORM AND AUTHORIZING THE EXECUTION
AND DELIVERY OF ONE OR MORE DISCLOSURE DISSEMINATION AGENT AGREEMENTS
AND DESIGNATING DIGITAL ASSURANCE CERTIFICATION, L.L.C., AS DISSEMINATION
AGENT THEREUNDER; AUTHORIZING THE DIRECTOR OF THE DEPARTMENT TO
NEGOTIATE FOR AND OBTAIN ONE OR MORE BOND INSURANCE POLICIES AND/OR
RESERVE PRODUCTS AND THE CITY MANAGER TO EXECUTE AND DELIVER ANY
AGREEMENTS IN CONNECTION THEREWITH; AUTHORIZING CERTAIN OFFICIALS AND
EMPLOYEES OF THE CITY AND THE DEPARTMENT TO TAKE ALL ACTIONS DEEMED
NECESSARY OR REQUIRED IN CONNECTION WITH THE ISSUANCE, SALE AND DELIVERY
OF THE SERIES 2009 BONDS, THE REFUNDING OF THE SERIES 2008 BONDS AND THE
City of Miami Page I Printed on 6/28/2017
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City of Miami
City Hall
3500 Pan American Drive
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Miami, FL 33133
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Master Report
vuww.miamigov.com
Enactment Number: 13092
File Number:
09-00933 File Type: Ordinance
Status:
Passed
Version:
2 Reference:
Controlling Body:
Office of the City
Clerk
File Name:
Issuance Agrregrate Prinicipal-Revenue Bonds
Introduced:
8/20/2009
Requester:
Department of Off -Street Cost:
Final Action:
9/24/2009
Parking
Title: AN ORDINANCE OF THE CITY OF MIAMI, FLORIDA (WITH ATTACHMENTS),
SUPPLEMENTING THAT CERTAIN ORDINANCE NO. 11693 ENACTED BY THE CITY
COMMISSION ON AUGUST 14, 1998, AS FURTHER AMENDED AND SUPPLEMENTED;
AUTHORIZING THE ISSUANCE OF NOT TO EXCEED $70,000,000 AGGREGATE PRINCIPAL
AMOUNT OF ITS PARKING SYSTEM REVENUE AND/OR REVENUE REFUNDING BONDS,
SERIES 2009, IN ONE OR MORE SERIES FROM TIME TO TIME TO BE ISSUED ON A
TAX-EXEMPT AND/OR A TAXABLE BASIS, FOR THE PURPOSE OF REFUNDING ON A
CURRENT BASIS ALL OF ITS OUTSTANDING TAX-EXEMPT VARIABLE RATE PARKING
SYSTEM REVENUE REFUNDING BONDS, SERIES 2008 AND ALL OF IT'S OUTSTANDING
TAXABLE VARIABLE RATE PARKING SYSTEM REVENUE REFUNDING BONDS, SERIES 2008
AND FINANCING THE ACQUISITION, CONSTRUCTION AND INSTALLATION OF CERTAIN
PARKING FACILITIES; PROVIDING FOR THE FUNDING OF THE RESERVE ACCOUNT;
PROVIDING FOR THE PAYMENT OF CERTAIN COSTS OF ISSUANCE IN CONNECTION WITH
THE ISSUANCE OF THE SERIES 2009 BONDS; MAKING CERTAIN FINDINGS AND
DETERMINATIONS; DELEGATING TO THE CITY MANAGER THE DETERMINATION OF
CERTAIN MATTERS AND DETAILS CONCERNING THE BONDS; APPROVING THE SENDING
OF A CONDITIONAL NOTICE OF REDEMPTION; AUTHORIZING THE REFUNDING OF THE
SERIES 2008 BONDS; APPROVING THE SERIES 2009 PROJECT; AUTHORIZING THE
TERMINATION OF THE SWAP ENTERED INTO IN CONNECTION WITH THE TAX-EXEMPT
SERIES 2008 BONDS AND PROVIDING FOR PAYMENT OF ANY TERMINATION PAYMENT IN
CONNECTION THEREWITH AND AUTHORIZING THE EXECUTION AND DELIVERY OF A
TERMINATION AGREEMENT; RATIFYING, CONFIRMING AND APPROVING THE SELECTION
OF THE UNDERWRITERS AND LEGAL COUNSEL BY THE DEPARTMENT FOR THE BONDS;
AUTHORIZING A NEGOTIATED SALE OF THE BONDS; APPROVING THE FORM AND
AUTHORIZING THE EXECUTION AND DELIVERY OF ONE OR MORE BOND PURCHASE
AGREEMENTS; APPROVING UNCERTIFICATED BOOK -ENTRY ONLY REGISTRATION OF THE
BONDS; APPROVING THE FORM AND AUTHORIZING THE DISTRIBUTION OF ONE OR MORE
PRELIMINARY OFFICIAL STATEMENTS AND OFFICIAL STATEMENTS AND PROVIDING FOR
THE SELECTION OF A FINANCIAL PRINTER THEREFOR; DESIGNATING A TRUSTEE, PAYING
AGENT AND BOND REGISTRAR; APPROVING THE FORM AND AUTHORIZING THE
EXECUTION AND DELIVERY OF ONE OR MORE TRUSTEE, PAYING AGENT AND BOND
REGISTRAR AGREEMENTS; APPROVING THE FORM AND AUTHORIZING THE EXECUTION
AND DELIVERY OF ONE OR MORE DISCLOSURE DISSEMINATION AGENT AGREEMENTS
AND DESIGNATING DIGITAL ASSURANCE CERTIFICATION, L.L.C., AS DISSEMINATION
AGENT THEREUNDER; AUTHORIZING THE DIRECTOR OF THE DEPARTMENT TO
NEGOTIATE FOR AND OBTAIN ONE OR MORE BOND INSURANCE POLICIES AND/OR
RESERVE PRODUCTS AND THE CITY MANAGER TO EXECUTE AND DELIVER ANY
AGREEMENTS IN CONNECTION THEREWITH; AUTHORIZING CERTAIN OFFICIALS AND
EMPLOYEES OF THE CITY AND THE DEPARTMENT TO TAKE ALL ACTIONS DEEMED
NECESSARY OR REQUIRED IN CONNECTION WITH THE ISSUANCE, SALE AND DELIVERY
OF THE SERIES 2009 BONDS, THE REFUNDING OF THE SERIES 2008 BONDS AND THE
City of Miami Page I Printed on 6/28/2017
City ofMiami Page 2 Printed on 612 812 01 7
$Y of
`
City Hall
City of Miami 3500 Pan American Drive
F4G
Miami, FL 33133
41 IFwln
< � R 1 O
www.miamigov.com
Master Report
Enactment Number: 13092
TERMINATION OF THE SWAP; PROVIDING FOR SEVERABILITY AND PROVIDING AN
EFFECTIVE DATE.
Sponsors:
Notes: See Complete Legislation in Attachment Field
Indexes:
Attachments: 09-00933 Memo FR/SRpdf,09-00933 Legislation.SR pdf,09-00933 Memo SR.pdf,09-00933 Complete
Legislation.pdf,
History of Legislative File
Version: Acting Body: Date:
Action: Sent To: Due Date: Return Date: Result:
1 City Commission 9/10/2009
PASSED ON FIRST Pass
READING
1 Office of the City 9/10/2009
Review Pending
Attorney
2 City Commission 9/24/2009
ADOPTED Pass
2 Office of the City 9/25/2009
Reviewed and
Attorney
Approved
2 Office of the Mayor 10/1/2009
Signed by the Mayor Office of the City
Clerk
2 Office of the City Clerk 10/2/2009
Signed and Attested
by City Clerk
City ofMiami Page 2 Printed on 612 812 01 7