HomeMy WebLinkAboutCRA-R-14-0015City of Miami
Legislation
CRA Resolution: CRA-R-14-0015
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 14-00152 Final Action Date: 2/24/2014
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY
AUTHORIZING THE EXPENDITURE OF FUNDS IN THE AMOUNT OF $19,000.00
FOR FINANCIAL ANALYTICAL SERVICES RENDERED BY STANDARD & POOR'S
FINANCIAL SERVICES, LLC IN CONNECTION WITH THE ISSUANCE OF TAX
INCREMENT REVENUE BONDS, SERIES 2013; ALLOCATING FUNDS FROM
SEOPW,PROFESSIONAL SERVICES " ACCOUNT CODE NO.
10050.920101.531000.0000.00000.
WHEREAS, the Southeast Overtown/Park West Community Redevelopment Agency ("CRA")
is responsible for carrying out community redevelopment activities and projects within its
Redevelopment Area in accordance with the 2009 Southeast Overtown/Park West Redevelopment
Plan ("Plan"); and
WHEREAS, the Board of Commissioners determined that in order to facilitate the
redevelopment of the Redevelopment Area, it is in the best interests of the CRA to issue bonds to
finance such redevelopment activities; and
WHEREAS, in anticipation of such debt financing, the Board of Commissioners, pursuant to
CRA Resolution CRA-R-12-0028 passed on April 30, 2012 approved a list of projects to be financed
utilizing the proceeds from the issuance of Tax Revenue Bonds, Series 2013 ("Series 2013 Bonds");
and
WHEREAS, the financial analysis by Standard & Poor's Financial Services, LLC ("S&P") was
needed in furtherance of issuing Series 2013 Bonds; and
WHEREAS, the Board of Commissioners wishes to authorize the expenditure of funds, in an
amount not to exceed $19,000.00, for the Services provided by S&P;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE
SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY OF THE CITY
OF MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are
adopted by reference and incorporated herein as if fully set forth in this Section.
Section 2. The Board of Commissioners authorizes the expenditure of funds, in an amount
not to exceed $19,000.00 for financial analytical services rendered by Standard & Poor's Financial
Services, LLC in connection with the issuance of Tax Revenue Bonds, Series 2013.
Section 3. Funds are to be allocated from SEOPW Tax Increment Fund, "Professional
Services" Account Code No. 10050.920101.531000.0000.00000.
City of Miami Page 1 of 2 File Id: 14-00152 (Version: 1) Printed On: 10/18/2022
File Number: 14-00152 Enactment Number: CRA-R-14-0015
Section 4. This Resolution shall become effective immediately upon its adoption.
City of Miami Page 2 of 2 File Id: 14-00152 (Version: 1) Printed On: 10/18/2022