HomeMy WebLinkAboutR-11-0228City of Miami
Legislation
Resolution: R-11-0228
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 11-00441 Final Action Date: 5/26/2011
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.
City of Miami
Page 1 of 2 File Id: 11-00441 (Version: 2) Printed On: 10/10/2017
File Number: 11-00441 Enactment Number: R-11-0228
SEE COMPLETE LEGISLATION AS AN ATTACHMENT 11-00441 Legislation.pdf (36 pages)
City of Miami Page 2 of 2 File Id: 11-00441 (Version: 2) Printed On: 10/10/2017