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Master Report
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 09-00771
File Type: Resolution Status: Returned to
Department
Version: 1 Reference: Controlling Body: City Commission
File Name: THE CITY'S SPECIAL OBLIGATION BONDS SERIES 2009. Introduced: 6/29/2009
Requester: Department of Finance Cost:
Final Action:
Title: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF MIAMI, FLORIDA, WITH
ATTACHMENT(S), SUPPLEMENTING RESOLUTION NO. 07-0586, ADOPTED BY THE CITY
COMMISSION ON OCTOBER 11, 2007, RELATING TO THE ISSUANCE BY THE CITY FROM
TIME TO TIME OF CERTAIN SPECIAL OBLIGATION BONDS PAYABLE AS TO PRINCIPAL AND
INTEREST SOLELY FROM THE PROCEEDS OF CERTAIN DESIGNATED REVENUES
DESCRIBED IN RESOLUTION NO. 07-
0586 AND NOT DERIVED FROM AD VALOREM TAXES; PROVIDING FOR THE ISSUANCE OF
AN ADDITIONAL SERIES OF SUCH SPECIAL OBLIGATION BONDS IN AN AGGREGATE
PRINCIPAL AMOUNT NOT EXCEEDING $65,000,000, TO BE DESIGNATED CITY OF MIAMI,
FLORIDA SPECIAL OBLIGATION 07-BONDS, SERIES 2009 (STREET AND SIDEWALK
IMPROVEMENT PROGRAM) ("SERIES 2009 BONDS"), FOR THE PURPOSES OF (i) FINANCING
THE COSTS OF ACQUISITION, CONSTRUCTION AND IMPROVEMENTS TO CERTAIN
ROADWAYS AND STREETSCAPES AS DESCRIBED HEREIN, (ii) FUNDING A DEPOSIT TO THE
RESERVE ACCOUNT FOR THE SERIES 2009 BONDS, AND (iii) PAYING THE COSTS OF
ISSUANCE OF THE SERIES 2009 BONDS; PROVIDING THAT THE SERIES 2009 BONDS SHALL
NOT CONSTITUTE AN INDEBTEDNESS OF THE CITY WITHIN THE MEANING OF ANY
CONSTITUTIONAL OR STATUTORY PROVISION OR LIMITATION, OR A PLEDGE OF THE
CITY'S FULL FAITH AND CREDIT, BUT SHALL BE PAYABLE AS TO PRINCIPAL AND
INTEREST SOLELY FROM THE PROCEEDS OF CERTAIN DESIGNATED REVENUES
DESCRIBED IN RESOLUTION NO. 07-0586 AND NOT DERIVED FROM AD VALOREM TAXES;
PROVIDING THAT THE SERIES 2009 BONDS MAY BE ISSUED IN ONE OR MORE
TAX-EXEMPT OR TAXABLE SUBSERIES; DELEGATING TO THE CITY MANAGER
AUTHORITY TO DETERMINE THE TERMS OF THE SERIES 2009 BONDS WITHIN
PRESCRIBED PARAMETERS; DESIGNATING A SERIES 2009 BOND REGISTRAR AND PAYING
AGENT FOR THE SERIES 2009 BONDS; APPROVING THE FORM OF AND AUTHORIZING THE
EXECUTION AND DELIVERY OF A PAYING AGENT AND BOND REGISTRAR AGREEMENT;
FINDING NECESSITY FOR A NEGOTIATED SALE OF THE SERIES 2009 BONDS; APPROVING
THE FORM OF AND AUTHORIZING EXECUTION AND DELIVERY OF A SERIES 2009 BOND
PURCHASE CONTRACT; APPROVING THE FORM OF AND AUTHORIZING DISTRIBUTION OF
A PRELIMINARY OFFICIAL STATEMENT AND A FINAL OFFICIAL STATEMENT RELATING TO
THE SERIES 2009 BONDS; AUTHORIZING THE CITY MANAGER TO NEGOTIATE FOR AND
OBTAIN CREDIT FACILITIES AND RESERVE ACCOUNT CREDIT FACILITIES AND TO
EXECUTE AGREEMENTS RELATING THERETO WITH RESPECT TO THE SERIES 2009 BONDS;
PROVIDING FOR A CONTINUING DISCLOSURE AGREEMENT WITH RESPECT TO THE
SERIES 2009 BONDS; MAKING CERTAIN COVENANTS AND AGREEMENTS FOR THE
BENEFIT OF THE HOLDERS OF THE SERIES 2009 BONDS; AUTHORIZING CITY OFFICIALS
TO DO ALL THINGS DEEMED NECESSARY IN CONNECTION WITH THE ISSUANCE, SALE
AND DELIVERY OF THE SERIES 2009 BONDS; PROVIDING FOR SEVERABILITY; PROVIDING
AN EFFECTIVE DATE.
Sponsors:
Notes: See Complete Legislation in Attachment Field
City of Miami Page 1 Printed on 7/22/2024
City of Miami
Master Report
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Indexes:
Attachments: 09-00771 Legislation.pdf,09-00771 Exhibit 1.pdf,09-00771 Exhibit 2.pdf,09-00771 Exhibit
3.pdf,09-00771 Exhibit 4.pdf,09-00771 Exhibit 5.pdf,09-00771 Exhibit 6.pdf,09-00771 Summary
Form.pdf,
History of Legislative File
Version: Acting Body: Date: Action: Sent To: Due Date: Return Date: Result:
1
City Commission 7/23/2009 WITHDRAWN
City of Miami Page 2 Printed on 7/22/2024