Loading...
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.