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Home My WebLink AboutmemoCITY OF MIAMI INTER -OFFICE MEMORANDUM To: Honorable Mayor and Members of the City Commission From: Priscilla A. Thompson City Clerk Date: September 16, 2005 Subject: Finance Committee References: October 13, 2005 Agenda Enclosures: List of members The Finance Committee was created to review and make recommendations regarding the issuance of debt obligations and the management of outstanding debt. The committee will consider all issues related to outstanding and proposed debt obligations, and will vote on issues affecting or relating to the credit worthiness, security and repayment of such obligations, including but not limited to procurement of services, structure, repayment terms and covenants of the proposed debt obligation, and issues which may affect the security of the bonds and ongoing disclosure to bondholders and interested parties. Five appointments are needed at this time: • Vice Chairman Gonzalez has one nomination for vacant seat created because Norma M. Castillo resigned. • Commissioner Allen has one nomination for seat currently held by Candis Trusty. • Chairman Sanchez has one nomination for seat currently held by Timothy Keegan. • Commissioner Winton has one nomination for seat currently held by David R. Berley. • Commissioner Regalado has one nomination for seat currently held by Eli Feinberg and who has served for more than eight consecutive terms. Section 2- 885(b) of the Code states that no board member shall serve more than eight consecutive years on any one board. This provision may be waived by a unanimous (5/5) vote of the City Commission. For your convenience, we are including a copy of the current membership of said committee. By copy of this memorandum, we are requesting that the Agenda Office place this issue on the October 13, 2005 agenda. This matter was deferred from the March 10th and May 12, 2005 Commission meetings. PAT:ss c: Rafael Diaz, Assistant City Attorney Scott Simpson, Director, Finance Department Elvi Alonso, Agenda Coordinator Candis Trusty, Chairperson