HomeMy WebLinkAboutFinance CCMemoCITY OF MIAMI
INTER -OFFICE MEMORANDUM
To: Honorable Mayor and Members Date: November 28, 2011
of the City Commission
(P G 012m4,,,,,,- Subject: Finance Committee
From: Priscilla A. Thompson References: Agenda for December 15, 2011
City Clerk
Enclosures: List of members, Manager's memo
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.
Two (2) appointments are required at this time:
• Commissioner Marc David Sarnoff has one (1) nomination for a seat currently:*
1. Vacant.
• City Manager Johnny Martinez has one (1) nomination for a seat currently:
1. Vacant. (Note: The City Manager has provided the Clerk's Office with a memo
indicating that Pete Chircut will be his nominee for the Finance Committee).
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
December 15, 2011, Commission agenda.
PAT:th
c: Robin Jones Jackson, Assistant City Attorney
Diana Gomez, Director, Finance Department
Elvi Gallastegui, Agenda Coordinator
This item was continued from the October 13, 2011, and November 17, 2011, Commission meetings.