HomeMy WebLinkAboutCC 2012-11-15 Mayor's Signature Report• •
City of Miami
Mayor's Signature Report For
City Commission Meeting
(Supplemental Item)
November 15, 2012
*Please note the deadline to veto is on November 26, 2012 at 4:30 PM.
Received By:
Date:
Please call Julia at ext. 5369 once Mayor has signed. Thanks.
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City of Miami
Mayor Signature Report
Meeting Date: November 15, 2012
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number Title
Enactment Number
12-00908
Resolution
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
AUTHORIZING THE ISSUANCE OF NOT TO EXCEED $50,000,000 IN
AGGREGATE PRINCIPAL AMOUNT OF SPECIAL OBLIGATION NON -AD
VALOREM REVENUE REFUNDING BONDS, SERIES 2012 (PORT OF MIAMI
TUNNEL PROJECT), FOR THE PURPOSE OF, TOGETHER WITH ANY OTHER
AVAILABLE MONIES, REFUNDING THE CITY'S REVENUE NOTE, SERIES 2010
(PORT OF MIAMI TUNNEL AND ACCESS IMPROVEMENT PROJECT)
OUTSTANDING IN THE AGGREGATE PRINCIPAL AMOUNT OF $45,000,000 (THE
"NOTE"); 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 BY THE CITY MANAGER OF THE BONDS TO
THE UNDERWRITER, WITHIN THE LIMITATIONS AND RESTRICTIONS STATED
HEREIN; APPROVING THE FORM OF AND AUTHORIZING THE EXECUTION AND
DELIVERY OF A BOND PURCHASE AGREEMENT; APPROVING THE FORM OF
AND DISTRIBUTION OF A PRELIMINARY LIMITED OFFERING MEMORANDUM
AND A LIMITED OFFERING MEMORANDUM AND AUTHORIZING THE
EXECUTION AND DELIVERY OF THE LIMITED OFFERING MEMORANDUM;
COVENANTING TO PROVIDE CONTINUING DISCLOSURE IN CONNECTION
WITH THE BONDS AND AUTHORIZING THE EXECUTION AND DELIVERY OF A
CONTINUING DISCLOSURE AGREEMENT WITH RESPECT THERETO AND
APPOINTING A DISCLOSURE DISSEMINATION AGENT THEREUNDER;
CREATING A BOND FUND AND CERTAIN ACCOUNTS AND SUBACCOUNTS AND
PROVIDING FOR THE APPLICATION OF THE PROCEEDS OF THE BONDS;
DELEGATING TO THE CITY MANAGER AUTHORITY TO NEGOTIATE AND OBTAIN
A BOND INSURANCE POLICY AS CREDIT ENHANCEMENT FOR THE BONDS
AND/OR A RESERVE ACCOUNT INSURANCE POLICY FOR DEPOSIT TO THE
CREDIT OF THE DEBT SERVICE RESERVE ACCOUNT AND AUTHORIZING THE
EXECUTION AND DELIVERY OF AGREEMENTS WITH THE PROVIDER(S)
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.
Sign
Veto
MODIFIED
City of Miami Page 1 of 2 Printed on 11/21/2012
ATTEST:
Dwight . Danie
City Clerk
G
Mayor Tomas Regale o
Mayor
•
Date
The signature of the mayor indicates review and action for the items
(R-12-0455). If any item does not indicate a determination to sign or veto,
the item shall be deemed to take effect 10 days from the date of the City
Commission Action.
//06)) ,. 2 ? 2 2
Date
City of Miami Page 2 of 2 Printed on 11/21/2012