HomeMy WebLinkAboutCC 2011-05-26 Mayor's Signature Report• •
City of Miami
Mayor's Signature Report
Commission Meeting:
May 26, 2011
Supplemental Agenda
op
*Please note the deadline to veto is on
June 10, 2011 at 4:30 PM.
Received By: `Ovrp1CS 13kh C 0 Date: 10/.2 �'/
Please call Maribel at ext. 5363 once Mayor has signed. Thanks.
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City of Miami
Mayor Signature Report
Meeting Date: May 26, 2011
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City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number
Title Enactment Number
11-00441 Resolution Enactment No: R-11-0228
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING
THE ISSUANCE OF NOT TO EXCEED $140,000,000 IN AGGREGATE PRINCIPAL AMOUNT OF
SPECIAL 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 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/OR A 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 PROVIDER 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.
,(
Sign
Veto
•Nittia 2er/
Mayor Tomas Re s alado Date
Mayor
The signature of the mayor indicates review and action for the items (R-11-0228). If any
City of Miami Page 1 of 2 Printed on 06/02/2011
item does not indicate a determination to sign or veto, the item shall be deemed
to take effect 10 days from the date of the City Commission Action.
ATTEST:
Priscilla A. Thompson
City Clerk
rAAAL- (Q 0-40
Date iI
City of Miami • Page 2 of 2 Printed on 06/02/2011