HomeMy WebLinkAboutCC 2011-05-26 Marked AgendaCity of Miami
Marked Agenda
City Commission
Tomas Regalado, Mayor
Wifredo (Willy) Gort, Chairman
Frank Carollo, Vice -Chairman
Marc David Sarnoff, Commissioner District Two
Francis Suarez, Commissioner District Four
Richard P. Dunn II, Commissioner District Five
Tony E. Crapp Jr., City Manager
Julie O. Bru, City Attorney
Priscilla A. Thompson, City Clerk
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Thursday, May 26, 2011
9:00 AM City Hall Commission Chambers
INVOCATION AND PLEDGE
Present:
Chairman Gort, Commissioner Sarnoff, Vice Chairman Carollo,
Commissioner Suarez and Commissioner Dunn II
On the 26th day of May 2011, the City Commission of the City of Miami, Florida, met at its
regular meeting place in City Hall, 3500 Pan American Drive, Miami, Florida, in regular
session. The meeting was called to order by Chair Gort at 9:25 a.m., recessed at 11:13
a.m., reconvened at 2:20 p.m., and adjourned at 4:59 p.m.
Note for the record: Vice Chair Carollo entered the chambers at 9:29 a.m.
SI.1 RESOLUTION
11-00441 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH
ATTACHMENT(S), AUTHORIZING THE ISSUANCE OF NOT TO EXCEED
Department of $140,000,000 IN AGGREGATE PRINCIPAL AMOUNT OF SPECIAL
Finance OBLIGATION NON -AD VALOREM REVENUE REFUNDING BONDS IN ONE
OR MORE SERIES, FROM TIME TO TIME, FOR THE PURPOSE OF,
TOGETHER WITH OTHER AVAILABLE MONEYS, REFUNDING THE CITY'S
OUTSTANDING $50,000,000 AGGREGATE PRINCIPAL AMOUNT OF
REVENUE NOTE, SERIES 2010 (PORT OF MIAMI TUNNEL AND ACCESS
IMPROVEMENT PROJECT) (THE "NOTE") AND REFINANCING CERTAIN
OUTSTANDING LOANS FROM THE SUNSHINE STATE GOVERNMENTAL
FINANCING COMMISSION; PROVIDING FOR THE RIGHTS AND
SECURITY OF ALL HOLDERS OF BONDS ISSUED PURSUANT TO THIS
RESOLUTION; PROVIDING CERTAIN DETAILS OF THE BONDS;
DELEGATING OTHER DETAILS AND MATTERS IN CONNECTION WITH
THE ISSUANCE OF THE BONDS TO THE CITY MANAGER, WITHIN THE
LIMITATIONS AND RESTRICTIONS STATED HEREIN; PROVIDING FOR
THE PAYMENT OF SUCH BONDS FROM LEGALLY AVAILABLE NON -AD
VALOREM REVENUES BUDGETED AND APPROPRIATED BY THE CITY
FOR SUCH PURPOSE; APPOINTING A BOND REGISTRAR;
AUTHORIZING A BOOK -ENTRY REGISTRATION SYSTEM FOR THE
BONDS; AUTHORIZING THE NEGOTIATED SALE AND AWARD FROM
TIME TO TIME BY THE CITY MANAGER OF THE BONDS TO THE
UNDERWRITERS, WITHIN THE LIMITATIONS AND RESTRICTIONS
STATED HEREIN; APPROVING THE FORM OF AND AUTHORIZING THE
EXECUTION AND DELIVERY OF ONE OR MORE BOND PURCHASE
AGREEMENTS; APPROVING THE FORM OF AND DISTRIBUTION OF ONE
City of Miami Page 1 Printed on 6,2/2011
City Commission
Marked Agenda May 26, 2011
ADJOURNMENT
OR MORE PRELIMINARY OFFICIAL STATEMENTS AND OFFICIAL
STATEMENTS AND AUTHORIZING THE EXECUTION AND DELIVERY OF
ONE OR MORE OFFICIAL STATEMENTS; COVENANTING TO PROVIDE
CONTINUING DISCLOSURE IN CONNECTION WITH THE BONDS IN
ACCORDANCE WITH SECURITIES AND EXCHANGE COMMISSION RULE
15C2-12 AND AUTHORIZING THE EXECUTION AND DELIVERY OF ONE
OR MORE DISCLOSURE DISSEMINATION AGENT AGREEMENTS WITH
RESPECT THERETO AND APPOINTING A DISCLOSURE DISSEMINATION
AGENT THEREUNDER; CREATING CERTAIN FUNDS AND ACCOUNTS
AND PROVIDING FOR THE APPLICATION OF THE PROCEEDS OF THE
BONDS; DELEGATING TO THE CITY MANAGER AUTHORITY TO
NEGOTIATE AND OBTAIN ONE OR MORE BOND INSURANCE POLICIES
AND/ORA RESERVE ACCOUNT INSURANCE POLICIES FOR DEPOSIT
TO THE CREDIT OF THE SUBACCOUNT OF THE DEBT SERVICE
RESERVE ACCOUNT AND AUTHORIZING THE EXECUTION AND
DELIVERY OF AGREEMENTS WITH THE PROVI DER THEREOF;
PROVIDING COVENANTS FOR THE PROVIDER(S) OF SUCH BOND
INSURANCE POLICY AND/OR RESERVE ACCOUNT INSURANCE POLICY;
AUTHORIZING THE CITY MANAGER, THE CITY ATTORNEY AND
CERTAIN OTHER OFFICIALS AND EMPLOYEES OF THE CITY TO TAKE
ALL ACTIONS REQUIRED IN CONNECTION WITH THE ISSUANCE OF
THE BONDS; AND PROVIDING FOR AN EFFECTIVE DATE.
11-00441 Summary Form.pdf
11-00441 Legislation.pdf
11-00441-Exhibit 1-SUB.pdf
11-00441-Submittal-City Manager's Memo -Revised Copy of Attachment to Supplement Item #1.
R-11-0228
MOVED:
SECONDED:
UNANIMOUS
Frank Carollo
Richard Dunn II
Motion that this matter be ADOPTED WITH MODIFICATIONS PASSED by the following
vote.
AYES: Commissioner(s) Gort, Sarnoff, Carollo, Suarez and Dunn II
The meeting adjourned at 4:59 p.m.
City of Miami Page 2 Printed on 6,2/2011