HomeMy WebLinkAboutO-13092Vop City of Miami
Legislation
< U R �O
Ordinance: 13092
File Number: 09-00933
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
Final Action Date: 9/24/2009
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 ATAX-EXEMPT AND/OR
ATAXABLE 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
City of Miand Page 1 of 2 File Id. 09-00933 (Version: 2) Printed On: 6/28/2017
File Number: 09-00933
Enactment Number: 13092
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 TERMINATION OF THE SWAP; PROVIDING FOR SEVERABILITY AND
PROVIDING AN EFFECTIVE DATE.
SEE COMPLETE LEGISLATION AS AN ATTACHMENT 09-00933 Complete Legislation.pdf (171
pages).
Footnotes:
{1} Words/and or figures stricken through shall be deleted. Underscored words and/or figures shall
be added. The remaining provisions are now in effect and remain unchanged. Asterisks indicate
omitted and unchanged material.
{2} If the Mayor does not sign this Ordinance, it shall become effective at the end of ten calendar
days from the date it was passed and adopted. If the Mayor vetoes this Ordinance, it shall become
effective immediately upon override of the veto by the City Commission or upon the effective date
stated herein, whichever is later.
City of Miami Page 2 of 2 File Id. 09-00933 (Version: 2) Printed On: 6/28/2017