HomeMy WebLinkAboutExhibit 4EXHIBIT D
CONTINUING DISCLOSURE AGREEMENT
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EXHIBIT E
CONFIRMATION
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(Cit of Alliaitti
PEDRO G. HERNANDEZ, P.E.
CITY MANAGER
BY DHL Overnight Delivery
August 26, 2008
U.S. Bank National Association
Miami, Florida
P.O. BOX 330705
MIAMI, FLORIDA 33233-07C8
(305) 250-5400
FAX (305) 250-5410
Re: Conditional Notice of Redemption — City of Miami, Florida Non -Ad
Valorem Variable Rate Refunding Revenue Bonds, Taxable Pension
Series 2006
Ladies and Gentlemen:
I am the City Manager of the City of Miami, Florida (the "City"). Pursuant to
Section 4.05 of that certain Master Trust Indenture dated as of December 1, 1995 (the
"Master Indenture") between the City and you, as successor in interest to First Union
National Bank of Florida, as trustee (the "Trustee"), I hereby direct you, as Trustee to call
for redemption on September 30, 2008, which redemption shall be conditioned upon the
deposit of sufficient funds with you on or before the redemption date (September 30,
2008), all of the City's outstanding Non -Ad Valorem Variable Rate Refunding Revenue
Bonds, Taxable Pension Series 2006, dated December 1, 2006 (the "Bonds"), maturing
on December 1, 2025 in the aggregate principal amount of $30,615,000. Such Bonds
shall be redeemed, subject to the deposit of sufficient funds on or before September 30,
2008 at the redemption price of 100% of the principal amount to be redeemed, plus
accrued interest to the redemption date.
You are hereby directed to send by first class mail postage prepaid to all Holders
of the Bonds to be redeemed and by registered or certifiemto those Holders of
$1,000,000 or more in principal amount thereof conditional oti e , f redemption of such
Bonds on or before August 30, 2008, in the form attached here
By:
Pedro G. Hernandez, P.E
City Manager
City of Miami, Florida
Cc: Diana M. Gomez, Finance Director
Lori Smith-Lalla, Esq., Squire, Sanders & Dempsey, LLP
Robin Jones Jackson, Esq., Assistant City Attorney
CONDITIONAL
NOTICE OF REDEMPTION
City of Miami, Florida
Non -Ad Valorem Variable Rate Refunding Revenue Bonds
Taxable Pension Series 2006
NOTICE IS HEREBY GIVEN that subject to the deposit of sufficient funds as described
below, the City of Miami, Florida (the "City") intends to redeem its Non -Ad Valorem Variable Rate
Refunding Revenue Bonds Taxable Pension Series 2006 dated December 1, 2006 and maturing on
December 1, 2025 in the outstanding aggregate principal amount of $30,615,000 (the "Bonds"). The
Bonds will be redeemed on September 30, 2008 at the option of the City at a redemption price equal
to 100% of the principal amount of such Bonds plus interest accrued to the date of redemption;
provided, however, that such redemption is conditioned on the deposit of sufficient funds with U.S.
Bank National Association, as trustee (the "Trustee") to pay the principal of and interest on the Bonds
on September 30, 2008. The maturity date, principal amount and CUSIP number on such Bonds are
as set forth below.
Maturity Date Principal Amount CUSIP Number*
December 1, 2025 $30,615,000 593469BM0
Subject to the deposit of sufficient funds with the Trustee as described above, payment of the
redemption price (as described above) will be made on or after said redemption date of September 30,
2008, upon the presentation of said Bonds at the offices of the U.S. Bank National Association as
Trustee for the Bonds at U.S. Bank Corporate Trust Services, P.O. Box 64111, St. Paul, MN 55164-
0111, if by mail or U.S. Bank Corporate Trust Services, 60 Livingston Avenue, 1s` Floor — Bond Drop
Window, St. Paul, MN 55107, 1-800-934-6802, if by hand or overnight delivery. Registered or
certified insured mail or overnight delivery is suggested when submitting Bonds for payment. Interest
on such Bonds to be redeemed will cease to accrue from and after September 30, 2008. When
inquiring about this redemption, please have the Bond number available.
U.S. Bank National Association, as
Trustee
Date: August 22, 2008
* The CUSIP number has been assigned by Standard & Poor's Corporation and is included solely for
the convenience of the holders. The City shall not be responsible for the correctness of the CUSIP
number on the Bonds or as indicated in this redemption notice.
NOTICE
Withholding of 31 % of gross redemption proceeds of any payment made within the United
States may be required by the Interest and Dividend Tax Compliance Act of 1983 unless the Paying
Agent has the correct taxpayer identification number (social security or employer identification
number) or exemption certificate of the Payee. Please furnish a properly completed Form W-9 or
exemption certificate or equivalent when presenting your securities.