HomeMy WebLinkAboutAgenda Summary FormDate: 6/14/2005
AGENDA ITEM SUMMARY FORM
FILE ID: Q S - 00 Oa.
Requesting Department: Finance/City Attorney
Commission Meeting Date: 7/7/2005 District Impacted:
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: Issuance of City of Miami Health Facitities Authority $25,800.000 Revenue Refunding Bonds
Series 2005 (Miami Jewish Home and Hospital For The Aged)
Purpose of Item:
It is respectfully recommended that the City Commission adopt the attached Resolution authorizing
the issuance of not to exceed $25,800,000 Health Facilities Authority Revenue Refunding Bonds,
Series 2005 (Miami Jewish Home and Hospital for the Aged) (the "Refunding Bonds") for the
purposes of Section 147(f) of the Internal Revenue Code of 1986, as amended; ratifying, confirming
and approving the actions of the City of Miami Health Facilities Authority (the "Authority");
providing for an effective date.
Background Information:
The Authority has held a public hearing for the purpose of giving interested persons an opportunity to
express their views in connection with the Authority's proposed issuance of not to exceed $25,800,000
City of Miami Health Facilities Revenue Refunding Bonds Series 2005(Miami Jewish Home and
Hospital for the Aged) as required by Section 147(f) of the Internal Revenue Code of 1986, as
amended.The proceeds of the Refunding Bonds will be used (a) to refinance and refund the
Authority's outstanding (i)Health Facilities Revenue Bonds Series 1992(Miami Jewish Home and
Hospital for the Aged Inc,Project) and (ii)Health Facilities Revenue Bonds Series 1996; (b) to
capitalize a portion of the interest on the Refunding Bonds;and(c) to pay certain costs of issuance of
the Refunding Bonds.
Budget Impact Analysis
NO Is this item related to revenue?
NO Is this item an, expenditure? If so, please identify funding source below.
General Account No:
Special Revenue Account No:
CIP Project No:
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
Final Approvals
(SIGN AND DATF1
CIP Budget
If using or receiving caisiial funds
Grants Risk Management
Purchasin
Chi
Dept, Dire
City Manager
SUBJECT: Issuance of City of Miami Health Facilities Authority $25,800,00 Revenue
Bonds Series 2005 ( Miami Jewish Home and Hospital For The Aged )