HomeMy WebLinkAboutMaster Report (2)File Number: 07-00913
Version: 1
City of Miami
Master Report
Enactment Number: R-07-0586
File Type: Resolution
Reference:
File Name: Street Bonds - $80,000,000
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: 7/3/2007
Final Action: 10/11/2007
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), PROVIDING
FOR THE ISSUANCE, IN ONE OR MORE SERIES, OF THE CITY'S SPECIAL OBLIGATION
BONDS; PROVIDING THAT SUCH BONDS SHALL NOT CONSTITUTE AN INDEBTEDNESS OF
THE CITY WITHIN THE MEANING OF ANY CONSTITUTIONAL OR STATUTORY PROVISION
OR LIMITATION, OR A PLEDGE OF THE CITY'S FULL FAITH AND CREDIT, BUT SHALL BE
PAYABLE AS TO PRINCIPAL AND INTEREST SOLELY FROM THE PROCEEDS OF CERTAIN
DESIGNATED REVENUES NOT DERIVED FROM AD VALOREM TAXES; PROVIDING FOR
THE ISSUANCE OF THE FIRST SERIES OF SUCH BONDS IN AN AGGREGATE PRINCIPAL
AMOUNT NOT EXCEEDING $80,000,000, TO BE DESIGNATED CITY OF MIAMI, FLORIDA
SPECIAL OBLIGATION BONDS, SERIES 2007 (STREET AND SIDEWALK IMPROVEMENT
PROGRAM) ("SERIES 2007 BONDS"), FOR THE PURPOSES OF (i) FINANCING THE COSTS OF
ACQUISITION, CONSTRUCTION AND IMPROVEMENTS TO CERTAIN ROADWAYS AND
STREETSCAPES AS DESCRIBED HEREIN (ii) FUNDING A DEPOSIT TO THE RESERVE FUND
FOR THE SERIES 2007 BONDS, AND (iii) PAYING THE COSTS OF ISSUANCE OF THE SERIES
2007 BONDS; PROVIDING FOR THE ISSUANCE OF ADDITIONAL SPECIAL OBLIGATION
BONDS AND SPECIAL OBLIGATION REFUNDING BONDS UNDER CERTAIN CONDITIONS;
PROVIDING FOR THE CREATION OF CERTAIN FUNDS AND ACCOUNTS; DELEGATING TO
THE CITY MANAGER AUTHORITY TO DETERMINE THE TERMS OF THE SERIES 2007
BONDS WITHIN PRESCRIBED PARAMETERS; DESIGNATING A BOND REGISTRAR AND
PAYING AGENT FOR THE SERIES 2007 BONDS; APPROVING THE FORM OF AND
AUTHORIZING THE EXECUTION AND DELIVERY OF A PAYING AGENT AND BOND
REGISTRAR AGREEMENT; FINDING NECESSITY FOR A NEGOTIATED SALE OF THE SERIES
2007 BONDS; APPROVING THE FORM OF AND AUTHORIZING EXECUTION AND DELIVERY
OF A BOND PURCHASE CONTRACT; APPROVING THE FORM OF AND AUTHORIZING
DISTRIBUTION OF A PRELIMINARY OFFICIAL STATEMENT AND A FINAL OFFICIAL
STATEMENT RELATING TO THE SERIES 2007 BONDS; PROVIDING FOR A BOOK ENTRY
ONLY SYSTEM WITH RESPECT TO THE SERIES 2007 BONDS; AUTHORIZING THE CITY
MANAGER TO NEGOTIATE FOR AND OBTAIN CREDIT FACILITIES AND RESERVE
ACCOUNT CREDIT FACILITIES AND TO EXECUTE AGREEMENTS RELATING THERETO
WITH RESPECT TO THE SERIES 2007 BONDS; PROVIDING FOR A CONTINUING
DISCLOSURE AGREEMENT WITH RESPECT TO THE SERIES 2007 BONDS; AUTHORIZING
CITY OFFICIALS TO DO ALL THINGS DEEMED NECESSARY IN CONNECTION WITH THE
ISSUANCE, SAI.-- AND DELIVERY OF THE SERIES 2007 BONDS; PROVIDING FOR
SEVERABILITY; PROVIDING AN EFFECTIVE DATE.
Sponsors:
Notes: Complete Legislation in Attachment Field
Indexes:
Attachments: 07-00913 Legislation.pdf,07-00913 Exhibit 1.pdf,07.00913 Exhibit2.pdf,07-00913 Exhibit
3.pdf,07-00913,Exhibit 4.pdf,07-00913 Exhibit 5.pd 07-00913 Exhibit 6.pdf,07-00913 Summary
Form.pdf,
City of Miami Page I Printed on 9/29/2009
iN fCity
City of Miami
a
3500 Pan American Drive
Miami, FL 33133
Master Report
www.miamigov.com
Cp'F�`r.
Enactment Number: R-07-0586
History of Legislative File
Version: Acting Body:
Date:
Action: Sent To:
Due Date: Return Date: Result:
1 Office of the City
10/9/2007
Reviewed and
Attorney
Approved
I City Commission
10/11/2007
ADOPTED
Pass
I Office of the Mayor
10/15/2007
Signed by the Mayor Office of the City
Clerk
1 Office of the City Clerk
10/15/2007
Signed and Attested
by City Clerk
City of Miami Page 2 Printed on 9/29/2009