HomeMy WebLinkAboutMaster ReportCity of Miami
Master Report
Enactment Number: R-07-0353
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 07-00750
Version: 2
File Name: Refunding Limited Ad Valorem Tax Bonds
File Type: Resolution Status: Passed
Reference: Controlling Body: Office of the City
Clerk
Introduced: 5/29/2007
Requester: Department of Finance Cost: Final Action: 6/14/2007
Title: A RESOLUTION OF THE CITY OF MIAMI, FLORIDA, CITY COMMISSION, WITH
ATTACHMENT(S), AUTHORIZING THE ISSUANCE OF NOT TO EXCEED (I) $115,652,000 IN
AGGREGATE PRINCIPAL AMOUNT OF CITY OF MIAMI, FLORIDA LIMITED AD VALOREM
TAX REFUNDING BONDS, SERIES 2007A (HOMELAND DEFENSE/NEIGHBORHOOD CAPITAL
IMPROVEMENT PROJECTS) ("SERIES 2007A BONDS"), TO REFUND A PORTION OF THE
CITY'S LIMITED AD VALOREM TAX BONDS, SERIES 2002 (HOMELAND
DEFENSE/NEIGHBORHOOD CAPITAL IMPROVEMENT PROJECTS), AND (II) $50,000,000 IN
AGGREGATE PRINCIPAL AMOUNT OF CITY OF MIAMI, FLORIDA LIMITED AD VALOREM
TAX BONDS, SERIES 2007B (HOMELAND DEFENSE/NEIGHBORHOOD CAPITAL
IMPROVEMENT PROJECTS) ("SERIES 2007B BONDS"), TO PAY FOR THE COSTS OF
ACQUISITION, CONSTRUCTION AND EQUIPPING OF CERTAIN HOMELAND
DEFENSE/NEIGHBORHOOD CAPITAL IMPROVEMENT PROJECTS WITHIN THE CITY;
PROVIDING THAT SUCH SERIES 2007A BONDS AND SERIES 2007B BONDS (COLLECTIVELY,
THE "SERIES 2007 BONDS") SHALL NOT CONSTITUTE GENERAL OBLIGATIONS OF THE
CITY BUT SHALL BE SPECIAL LIMITED OBLIGATIONS PAYABLE FROM A LIMITED AD
VALOREM TAX TO BE LEVIED ANNUALLY ON ALL TAXABLE PROPERTY IN THE CITY,
WHICH LIMITED AD VALOREM TAX SHALL BE PLEDGED FOR THE PAYMENT OF THE
PRINCIPAL OF AND THE INTEREST ON SUCH SERIES 2007 BONDS; PROVIDING A
SECONDARY SOURCE OF PAYMENT FOR SUCH SERIES 2007 BONDS FROM NON AD
VALOREM REVENUES; MAKING CERTAIN COVENANTS AND AGREEMENTS IN
CONNECTION WITH SUCH NON AD VALOREM REVENUES; DELEGATING TO THE CITY
MANAGER THE DETERMINATION OF CERTAIN MATTERS AND DETAILS CONCERNING THE
SERIES 2007 BONDS AND THE REFUNDING OF THE REFUNDED BONDS AND AUTHORIZING
THE CITY MANAGER TO EXECUTE ALL DOCUMENTS, INSTRUMENTS AND CERTIFICATES
IN CONNECTION THEREWITH; AUTHORIZING THE NEGOTIATED SALE OF THE SERIES 2007
BONDS; APPROVING THE FORM AND AUTHORIZING THE EXECUTION AND DELIVERY OF
A BOND PURCHASE AGREEMENT IN CONNECTION THEREWITH; APPROVING
UNCERTIFICATED, BOOK -ENTRY ONLY REGISTRATION OF SAID SERIES 2007 BONDS WITH
THE DEPOSITORY TRUST COMPANY; DELEGATING TO THE CITY MANAGER AUTHORITY
TO NEGOTIATE AND OBTAIN A MUNICIPAL BOND INSURANCE POLICY TO INSURE SAID
SERIES 2007 BONDS AND TO EXECUTE AND DELIVER ANY RELATED AGREEMENTS;
APPOINTING A PAYING AGENT AND BOND REGISTRAR; APPROVING THE FORM AND
AUTHORIZING THE EXECUTION AND DELIVERY OF A PAYING AGENT AND REGISTRAR
AGREEMENT; 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 SERIES 2007 BONDS
IN ACCORDANCE WITH SECURITIES AND EXCHANGE COMMISSION RULE 15C2-12 AND
APPROVING THE FORM AND AUTHORIZING THE EXECUTION AND DELIVERY OF A
CONTINUING DISCLOSURE AGREEMENT WITH RESPECT THERETO AND APPOINTING A
DISCLOSURE DISSEMINATION AGENT THEREUNDER; AUTHORIZING THE REFUNDING,
DEFEASANCE AND REDEMPTION OF THE REFUNDED BONDS; APPROVING THE FORM
AND AUTHORIZING THE EXECUTION AND DELIVERY OF AN ESCROW DEPOSIT
City ofMiami Page 1 Printed on 4/4/2017
City of Miami
Master Report
Enactment Number: R-07-0353
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
AGREEMENT AND APPOINTING AN ESCROW AGENT AND A VERIFICATION AGENT;
AUTHORIZING ALL REQUIRED ACTIONS; AND PROVIDING AN EFFECTIVE DATE.
Sponsors:
Notes:
Indexes:
Attachments: 07-00750 Legislation .pdf,07-00750 Exhibit 1.pdf,07-00750 Exhibit 2.pdf,07-00750 Exhibit
3.pdf,07-00750 Exhibit 4.pdf,07-00750 Exhibit 5.pdf,07-00750 Summary Form.pdf,
History of Legislative File
Version: Acting Body: Date: Action: Sent To: Due Date: Return Date: Result:
1 Office of the City 6/11/2007 Reviewed and
Attorney Approved
2 City Commission 6/14/2007 ADOPTED WITH Pass
MODIFICATIONS
2 Office of the Mayor 6/19/2007 Signed by the Mayor Office of the City
Clerk
2 Office of the City Clerk 6/21/2007 Signed and Attested
by City Clerk
2 Office of the City 7/6/2007 Reviewed and
Attorney Approved
Action Note: Modifications made by law
City of Miami Page 2 Printed on 4/4/2017