HomeMy WebLinkAboutMaster ReportCity of Miami
Master Report
Enactment Number: R-11-0228
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 11-00441
Version: 2
File Type: Resolution Status: Passed
Reference: Controlling Body: City Attorney
File Name: Special Obligation Non -ad Valorem Revenue Refunding Bonds
Requester: Department of Finance
Cost:
Introduced: 5/18/2011
Final Action: 5/26/2011
Title:
Sponsors:
Notes:
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.
See Complete Legislation in Attachment Field
Indexes:
City ofMiami Page 1 Printed on 10/10/2017
City of Miami
Master Report
Enactment Number: R-11-0228
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Attachments: 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.pdf,11-00441 Complete Legislation.pdf,
History of Legislative File
Version: Acting Body:
Date:
Action:
Sent To:
Due Date: Return Date: Result:
2
2
2
2
2
Office of the City
Attorney
City Commission
Office of the Mayor
5/25/2011 Review Pending
5/26/2011 ADOPTED WITH
MODIFICATIONS
6/2/2011 Signed by the Mayor Office of the City
Office of the City Clerk 6/6/2011
Office of the City
Attorney
Action Note:
Signed and Attested
by City Clerk
6/14/2011 Reviewed and
Approved
MODIFICATIONS MADE
Clerk
Pass
City ofMiami Page 2 Printed on 10/10/2017