HomeMy WebLinkAboutFinance CCMemo 2012-06-14CITY OF MIAMI
INTER -OFFICE MEMORANDUM
To: Honorable Mayor and Members Date: June 1, 2012
of the City Commission
(P,ns`w „ e & �� Subject: Finance Committee
From: Priscilla A. Thompson References: Agenda for June 14, 2012
City Clerk
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.
Two (2) appointments are required at this time:
• Vice Chairman 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: Per Resolution 98-767, the Finance Director serves as the City Manager's designee
on the Finance Committee. The City of Miami's Finance Director is Stephen Petty.
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 June
14, 2012, Commission agenda.
PAT:th
c: Robin Jones Jackson, Assistant City Attorney
Stephen Petty, Director, Finance Department
Elvi Gallastegui, Agenda Coordinator
This item was continued from the February 9, 2012, March 8, 2012, April 12, 2012, and May 10, 2012, Commission
meetings.