HomeMy WebLinkAboutmemoCITY OF MIAMI
INTER -OFFICE MEMORANDUM
To: Honorable Mayor and Members
of the City Commission
61;<. (1426-.-p-e----.
From: Priscilla A. Thompson
City Clerk
Date: March 20, 2007
Subject: Finance Committee
References: April 12, 2007 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.
Three (3) appointments are needed at this time:
• Chairman Gonzalez has one nomination:
1. Vacancy, due to the resignation of Norma M. Castillo.*
• Commissioner Sarnoff has one nomination:
1. David R. Berley, incumbent, and whose term expired November 3, 2006. City
Code Section 2-1144.3 (c)(ii) provides that no board member shall serve more
than five consecutive terms. This provision may be waived by a unanimous
(5/5ths) vote of the members of the Commission.
• Commissioner Regalado has one nomination:
1. Eli Feinberg, incumbent, and whose term expired November 3, 2006. City
Code Section 2-1144.3 (c)(ii) provides that no board member shall serve more
than five consecutive terms. This provision may be waived by a unanimous
(5/5ths) vote of the members of the 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 April 12, 2007 agenda. *This matter was deferred from the March 10,
2005, May 12, 2005, November 3, 2005, December 15, 2005, February 9, 2006, March 9,
2006, May 11, 2006, July 13, 2006, September 12, 2006, October 12, 2006, December
14, 2006, February 8, 2007 and March 8, 2007 Commission meetings.
PAT:pb
c: Rafael O. Diaz, Assistant City Attorney
Diana Gomez, Director, Finance Department
Elvi Alonso, Agenda Coordinator