HomeMy WebLinkAboutR-03-1149City of Miami
Legislation
Resolution: R-03-1149
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 03-0162 Final Action Date: 11/13/2003
A RESOLUTION OF THE CITY OF MIAMI, FLORIDA, AUTHORIZING THE
ISSUANCE OF NOT TO EXCEED $4,500,000 IN AGGREGATE PRINCIPAL
AMOUNT OF GENERAL OBLIGATION REFUNDING BONDS, SERIES 2003B,
FOR THE PURPOSE OF REFUNDING A PORTION OF THE CITY'S
OUTSTANDING GENERAL OBLIGATION REFUNDING BONDS, SERIES 1992;
PROVIDING THAT SUCH GENERAL OBLIGATION REFUNDING BONDS SHALL
CONSTITUTE GENERAL OBLIGATIONS OF THE CITY AND THAT THE FULL
FAITH, CREDIT AND TAXING POWER OF THE CITY SHALL BE IRREVOCABLY
PLEDGED FOR THE PAYMENT OF THE PRINCIPAL OF AND INTEREST ON
SUCH BONDS; MAKING CERTAIN COVENANTS AND AGREEMENTS IN
CONNECTION THEREWITH; DELEGATING TO THE CITY MANAGER THE
DETERMINATION OF CERTAIN MATTERS AND DETAILS CONCERNING THE
BONDS; AUTHORIZING THE COMPETITIVE SALE OF THE BONDS;
APPROVING THE FORM AND AUTHORIZING THE PUBLICATION OF A NOTICE
OF SALE IN CONNECTION THEREWITH; APPOINTING A PAYING AGENT AND
A BOND REGISTRAR; APPOINTING AN ESCROW AGENT; APPROVING THE
FORM OF ESCROW DEPOSIT AGREEMENT; APPROVING UNCERTIFICATED,
BOOK -ENTRY ONLY REGISTRATION OF SAID BONDS WITH THE
DEPOSITORY TRUST COMPANY; DELEGATING TO THE CITY MANAGER
AUTHORITY TO NEGOTIATE AND OBTAIN A MUNICIPAL BOND INSURANCE
POLICY TO INSURE SAID BONDS AND TO EXECUTE AND DELIVER ANY
RELATED AGREEMENTS; PROVIDING FOR A PRELIMINARY OFFICIAL
STATEMENT AND AN OFFICIAL STATEMENT AND THE SELECTION OF A
FINANCIAL PRINTER THEREFOR; COVENANTING TO PROVIDE CONTINUING
DISCLOSURE IN CONNECTION WITH THE BONDS IN ACCORDANCE WITH
SECURITIES AND EXCHANGE COMMISSION RULE 15c2-12 AND
AUTHORIZING THE EXECUTION OF AN AGREEMENT WITH RESPECT
THERETO; PROVIDING FOR THE APPOINTMENT OF A VERIFICATION AGENT;
AUTHORIZING ALL REQUIRED ACTIONS; AND PROVIDING AN EFFECTIVE
DATE.
PLEASE SEE THE ATTACHMENT FOR THE COMPLETE LEGISLATION
ATTACHMENT NAME: "03-01 62-legislation-2.pdf"
City of Miami Page 1 of 2 File Id: 03-0162 (Version: 2) Printed On: 8/19/2016
File Number: 03-0162 Enactment Number: R-03-1149
City of Miami Page 2 of 2 File Id: 03-0162 (Version: 2) Printed On: 8/19/2016