HomeMy WebLinkAboutO-13011City of Miami
Legislation
Ordinance: 13011
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 08-00726 Final Action Date: 7/10/2008
AN EMERGENCY ORDINANCE OF THE CITY OF MIAMI, FLORIDA, WITH
ATTACHMENT(S), SUPPLEMENTING THAT CERTAIN ORDINANCE NO. 11693
ADOPTED BY THE CITY COMMISSION ON AUGUST 14, 1998; AUTHORIZING THE
ISSUANCE OF NOT TO EXCEED $42,000,000 IN AGGREGATE PRINCIPAL
AMOUNT OF ITS VARIABLE RATE PARKING SYSTEM REVENUE REFUNDING
BONDS, SERIES 2008, IN ONE OR MORE SERIES AND ON A TAX-EXEMPT OR
TAXABLE BASIS, FOR THE PURPOSES OF CURRENTLY REFUNDING AND
REDEEMING ALL OF THE CITY'S OUTSTANDING TAX-EXEMPT VARIABLE RATE
PARKING SYSTEM REVENUE BONDS, SERIES 2006, AND ITS TAXABLE
VARIABLE RATE PARKING SYSTEM REVENUE BONDS, SERIES 2006, AND
PAYING CERTAIN COSTS OF ISSUANCE IN CONNECTION THE ISSUANCE OF
SUCH BONDS; ESTABLISHING CRITERIA FOR DETERMINING THE DATES,
INTEREST RATES, INTEREST PAYMENT DATES, PRINCIPAL AMOUNTS,
PROVISIONS FOR TENDER AND REDEMPTION AND MATURITY SCHEDULES
FOR SUCH BONDS; AWARDING THE SALE OF SAID BONDS TO SUNTRUST
ROBINSON HUMPHREY INC. ON A NEGOTIATED BASIS, AND APPROVING THE
CONDITIONS AND CRITERIA OF SUCH SALE; APPROVING THE FORM OF AND
AUTHORIZING THE EXECUTION OF A BOND PURCHASE AGREEMENT WITH
SUNTRUST ROBINSON HUMPHREY INC.; APPROVING THE FORM OF AND
AUTHORIZING THE EXECUTION OF AN OFFICIAL STATEMENT ON BEHALF OF
THE CITY; APPROVING THE FORM OF AND AUTHORIZING THE EXECUTION
AND DELIVERY OF A BOND CREDIT FACILITY AGREEMENT WITH SUNTRUST
BANK; APPROVING THE FORM OF A BOND CREDIT FACILITY FROM SUNTRUST
BANK; APPROVING THE FORM OF AND AUTHORIZING THE EXECUTION AND
DELIVERY OF A REMARKETING AGREEMENT AND DESIGNATING SUNTRUST
ROBINSON HUMPHREY INC. AS THE REMARKETING AGENT THEREUNDER;
APPROVING THE FORM OF AND AUTHORIZING THE EXECUTION AND
DELIVERY OF A TRUSTEE, TENDER AGENT, PAYING AGENT AND REGISTRAR
AGREEMENT, AND DESIGNATING TD BANK, NATIONAL ASSOCIATION, AS
TRUSTEE, PAYING AGENT, TENDER AGENT AND REGISTRAR THEREUNDER;
APPROVING THE FORM OF AND AUTHORIZING THE EXECUTION AND
DELIVERY OF A DISCLOSURE DISSEMINATION AGENT AGREEMENT AND
DESIGNATING DIGITAL ASSURANCE CERTIFICATION, L.L.C. AS DISSEMINATION
AGENT THEREUNDER; DESIGNATING A QUALIFIED DERIVATIVE AGREEMENT
WITH RESPECT TO THE 2008 BONDS; DESIGNATING A SURETY BOND WITH
RESPECT TO THE 2008 BONDS; AUTHORIZING CERTAIN OFFICIALS AND
EMPLOYEES OF THE CITY AND THE DEPARTMENT TO TAKE ALL ACTIONS
REQUIRED IN CONNECTION WITH THE ISSUANCE OF SAID BONDS;
PROVIDING CERTAIN OTHER DETAILS WITH RESPECT THERETO; AND
PROVIDING AN EFFECTIVE DATE FOR THIS ORDINANCE.
City of Miami
Page 1 of 2 File Id: 08-00726 (Version: 21 Printed On: 5/9/2017
File Number: 08-00726 Enactment Number: 13011
City of Miami Page 2 of 2 File Id: 08-00726 (Version: 2) Printed On: 5/9/2017