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DEC-22-2004 13%30 CITY MANAGERS OFFICE
305 416 1019 P.01
CITY OE MIAMI, Ft.ORlDA
INTER -OFFICE MEMORANDUM
Yo; The Ronoreble Mayor and
Members of the City Commission
FRO Artldls
Manager
DATE; - 0, anti' FHA'
SUBJECT: Resolution spproving the Issuance of
not to tweed $4,000,000 City of Tampa, Florida
Variable Rate Revenue Bonds (Volunteers of
America lar$fect) is portion of the proceedta In
the amount of not to exceed $1,500,000 wIll be
spent in the City of Miami) end TEFRA hearing
RaFERINGEB:
tNCI.DEU tEs: Resolution with enactments
R'CoMM NDATiON;
It is recommended that the Miami City Commission adopt the attached Resolution approving the issuance
of not to exceed I$4,000.000 City of Tamps, Florid* Variable Rats Revenue Bonds (Volunteers of America
Proosr t) (tie "Bondol.
NACKORPLINDI
The Volunteers of Merles, lno., s Florida not for profit corporation end quelifled 501(cj(3) orgsntutian,
has requested that the city of Temps, Florida Issue lox -exempt revenue bonds on t%hOrr behalf. Such
bond ptaveds wia be urged to Onanca or refinance am costa of oanetructing, relocating, acquiring end
equipping certain social service facilities, Including facilities located In die City of Miami. The amount of
not to exceed $1,600,000 will be allocated to the Iadllltes boated In the City of Miami. The City of Miami,
Florida has been asked to enter into an interloper Agreement with the City of Tempe end holds TEFRA
hearing in order to accomplish that.
The Valuntesre of America provide housing, health end social service programs to support miiltery
veterans, the elderly, the mentally HI end developmentally disabled et its f%WNitiss. Services include
bshsvioral, monist health and substance abuse counseling, health services and ernploymant support
services.
The sttsched Resolution would approve the lssusnce of the Bonds, the projects and the Intsrioosi
Agreement,
The Ctty would not be rsaponsibte for any undertaking in connection with the Bonds. There would be no
obligation of the City and the City would not be liable for the costs of the Bonds.