HomeMy WebLinkAboutFinance CCMemoCITY OF MIAMI
INTER -OFFICE MEMORANDUM
To: Honorable Mayor and Members
of the City Commission
From: Priscilla A. Thompson
City Clerk
Date: September 28, 2011
Subject: Finance Committee
References: October 13, 2011 Agenda
Enclosures: List of members
The Finance Committee, a seven (7) member board was created to review and make
recommendations regarding the issuance of debt obligations and the management of outstanding
debt. The committee will consider all issues related to outstanding and proposed debt obligations,
and will vote on issues affecting or relating to the credit worthiness, security and repayment of
such obligations, including but not limited to procurement of services, structure, repayment terms
and covenants of the proposed debt obligation, and issues which may affect the security of the
bonds and ongoing disclosure to bondholders and interested parties.
Five (5) appointments are required at this time:
• Chairman Wifredo (Willy) Gort has one (1) nomination for a seat currently held by:*
1. Pablo Acosta, incumbent, whose term expired on May 13, 2011.
• Vice Chairman Frank Carollo has one (1) nomination for a seat currently held by:
1. Al Salas, incumbent, whose term expires on October 28, 2011.
• Commissioner Marc David Sarnoff has one (1) nomination for a seat currently:
1. Vacant.
• Commissioner Francis Suarez has one (1) nomination for a seat currently held by:
1. Manuel Vadillo, incumbent, whose term expired on May 13, 2011.
• Commissioner Michelle Spence -Jones has one (1) nomination for a seat currently held by:
1. Carol Gardner, incumbent, whose term expires on May 12, 2012.
For your convenience, we are including a copy of the current membership of said committee. By
copy of this memorandum, we are requesting that the Agenda Office place this issue on the
October 13, 2011 Commission agenda.
PAT:sa
c: Robin Jones Jackson, Assistant City Attorney
Diana Gomez, Director, Finance Department
Elvi Gallastegui, Agenda Coordinator
* This item was continued from May 12, 2011, June 9, 2011, and July 14, 2011 Commission meetings.