HomeMy WebLinkAboutExhibit7EXHIBIT C
MINUTES OF THE MEETING OF THE CITY OF MIAMI, FLORIDA
HEALTH FACILITIES AUTHORITY
August 23, 2007
A meeting of the City of Miami, Florida Health Facilities Authority was held at 5:00
P.M. on Wednesday, August 23, 2007 at 444 S.W. 2"d Avenue, 6th Floor, South Conference
Room, Miami, Florida 33130.
Members Present: John Matuska, Ms. Priscilla Moss -Greenfield, Ms. Mirtha Guerra -
Aguirre.
Members Absent: Dr. Margaret Okenwo and Rosie Molina.
City Staff and Professionals Present: Seepersaud "Pete" Chircut, Secretary; Robin Jones
Jackson, Assistant City Attorney; Lori Smith-La]la,
Squire, Sanders & Dempsey L.L.P., Local Bond
Counsel; Jerry Mashburn, Senior Vice President
and Chief Financial Officer of Mercy Hospital; Ed
Marquez, First Southwest Company, Financial
Advisor to the Authority.
Bond Counsel advised that the first order of business was to approve the minutes of the
previous meeting, which was held on November 7, 2006. Upon motion made, seconded and
passed, the minutes were approved.
The next item of business was to elect a new Vice Chair of the Authority. Upon motions
made, seconded and passed, Priscilla Greenfield was elected Vice Chair of the Authority. Pete
Chircut remains as Secretary and Diana Gomez remains as Assistant Secretary.
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The next item of business was to consider proposed financings on behalf of Mercy
Hospital in Miami and Holy Cross Hospital in Fort Lauderdale, Florida (the latter being done
pursuant to an InterIocal Agreement). A public hearing was held on these financings on this date
immediately prior to this meeting, in accordance with the requirements of the Federal Tax Equity
and Fiscal Responsibility act of 1982, as amended, commonly known as "TEFRA." The records
of the Authority include the transcript of said TEFRA public hearing. Counsel then read to the
Authority, by title only, the two resolutions to be considered, the full resolutions having been
presented to the Authority members and having been filed as part of the records of the Authority.
RESOLUTION NO. 07-01
A RESOLUTION OF THE CITY OF MIAMI, FLORIDA
HEALTH FACILITIES AUTHORITY AUTHORIZING THE
ISSUANCE OF NOT EXCEEDING $50,000,000 HEALTH
SYSTEM REVENUE BONDS, CATHOLIC HEALTH EAST
ISSUE, SERIES 2007A (THE "BONDS"), OF THE
AUTHORITY, THE PROCEEDS OF WHICH WILL BE WILL
BE USED (A) TO REFUND THE AUTHORITY'S
OUTSTANDING HEALTH SYSTEM REVENUE BONDS,
CATHOLIC HEALTH EAST ISSUE, SERIES 2003C, (B)
FINANCE THE COST OF CERTAIN CAPITAL
IMPROVEMENTS MORE PARTICULARLY DESCRIBED
HEREIN AND (C) TO PAY ISSUANCE COSTS WITH
RESPECT TO THE BONDS; APPROVING THE FORMS OF
BOND INDENTURE, LOAN AGREEMENT AND BOND
PURCHASE AGREEMENT; AUTHORIZING A NEGOTIATED
SALE OF THE BONDS; REQUESTING APPROVAL BY THE
CITY IN CONNECTION WITH SUCH BONDS; APPROVING
THE FORM OF A PRELIMINARY OFFICIAL STATEMENT
WITH RESPECT TO SUCH BONDS, AUTHORIZING THE
DELIVERY THEREOF, AND AUTHORIZING THE VICE
CHAIR AND THE SECRETARY OR ANY ASSISTANT
SECRETARY OF THE AUTHORITY TO APPROVE THE
DISTRIBUTION OF A FINAL OFFICIAL STATEMENT WITH
RESPECT THERETO; DESIGNATING THE BOND TRUSTEE;
AUTHORIZING THE TAKING OF ALL OTHER NECESSARY
ACTIONS IN CONNECTION WITH THE ISSUANCE OF THE
BONDS AND PROVIDING AN EFFECTIVE DATE.
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RESOLUTION NO. 07-02
A RESOLUTION OF THE CITY OF MIAMI, FLORIDA
HEALTH FACILITIES AUTHORITY AUTHORIZING THE
ISSUANCE OF NOT EXCEEDING $70,000,000 HEALTH
SYSTEM REVENUE BONDS, CATHOLIC HEALTH EAST
ISSUE, SERIES 2007B, OF THE AUTHORITY, THE
PROCEEDS OF WHICH WILL BE LOANED TO CATHOLIC
HEALTH EAST TO REFUND THE AUTHORITY'S
OUTSTANDING HEALTH SYSTEM REVENUE BONDS,
CATHOLIC HEALTH EAST ISSUE, SERIES 2003B AND THE
OUTSTANDING CITY OF TAMPA, FLORIDA, HEALTH
SYSTEM REVENUE BONDS, CATHOLIC HEALTH EAST
ISSUE, SERIES 1998; AUTHORIZING THE EXECUTION AND
DELIVERY OF AN INTELOCAL AGREEMENT WITH THE
CITY OF FORT LAUDERDALE, FLORIDA IN CONNECTION
WITH THE ISSUANCE OF SUCH BONDS; APPROVING THE
FORMS OF BOND INDENTURE, LOAN AGREEMENT AND
BOND PURCHASE AGREEMENT; AUTHORIZING A
NEGOTIATED SALE OF THE BONDS; REQUESTING
APPROVAL BY THE CITY IN CONNECTION WITH SUCH
BONDS; APPROVING THE FORM OF A PRELIMINARY
OFFICIAL STATEMENT WITH RESPECT TO SUCH BONDS,
AUTHORIZING THE DELIVERY THEREOF, AND
AUTHORIZING THE VICE CHAIR AND THE SECRETARY OR
ANY ASSISTANT SECRETARY OF THE AUTHORITY TO
APPROVE THE DISTRIBUTION OF A FINAL OFFICIAL
STATEMENT WITH RESPECT THERETO; DESIGNATING
THE BOND TRUSTEE; AUTHORIZING THE TAKING OF
ALL OTHER NECESSARY ACTIONS IN CONNECTION
WITH THE ISSUANCE OF THE BONDS AND PROVIDING
AN EFFECTIVE DATE.
Upon motions made, seconded and passed, these Resolutions authorizing issuance of the
bonds of the Authority for the projects identified in the TEFRA Notices of Hearing and the
TEFRA hearing itself, were approved.
There being no further business to come before the meeting, the meeting was adjourned.
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STATE OF FLORIDA.
CO -LINTY OF MIAi':h -DA DE
I, Seepersaud "Pete Chircut", Secretary of the City of Miami, Florida Health Facilities
Authority, DO HEREBY CERTIFY that the above foregoing is a true and correct account of the
minutes of the Authority meeting held on August 23, 2007.
IN WITNESS WHEREOF, I have hereunto set my hand and official seal this 27`h day of
August, 2007.
(SEAL)
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