HomeMy WebLinkAboutLegislationCity of Miami
Legislation
Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 12-01134 Final Action Date:
A RESOLUTION OF THE MIAMI CITY COMMISSION SUPPORTING MIAMI-DADE
COUNTY PUBLIC SCHOOLS' CAPITAL BOND REFERENDUM WHICH WILL
PROVIDE FUNDS TO MODERNIZE AND RENOVATE LOCAL SCHOOLS SO THAT
PUBLIC SCHOOL STUDENTS WILL HAVE THE TOOLS NECESSARY TO
SUCCEED IN THE 21 ST CENTURY GLOBAL ECONOMY.
WHEREAS, Miami -Dade County Public Schools will ask county voters to invest in public schools
by approving the issuance of a $1.2 billion General Obligation Bond for renovating facilities, updating
technology, building school replacements, expanding capacity, and enhancing facility safety; and
WHEREAS, inequity exists between the instructional experience of students attending newer
schools and in outdated buildings; and
WHEREAS, the City of Miami is committed to the fundamental and abiding values of equity and
opportunity for all students; and
WHEREAS, towards those ends, the City of Miami supports the General Obligation Bond because
approval of this bond is essential to ensure that all of Miami -Dade County's public school students are
prepared for the evolving workforce by providing them with access to cutting -edge academic
programming and modern facilities that are safe and secure; and
WHEREAS, approval by voters of this bond referendum will provide prosperity and security in the
community by bringing capital from outside the county that will be invested in Miami schools, and
ultimately provide students with more targeted academic offerings to become better prepared for the
21st Century global economy; and
WHEREAS, the timing of the approval of the bond referendum and the issuance of the bond is
critical to minimize the cost to taxpayers, since construction costs are significantly lower than at their
peak, interest rates are at historical lows, and the construction bonds issued in 1988 are being paid
off; and
WHEREAS, the long-term benefits of continuing the bond program in 2012 far outweigh the
minimum increase in taxes by creating an estimated 9,200 jobs during the first three years of the bond
and more than 18,000 sustainable jobs during the life of the bonds, according to a recent economic
impact study; and
WHEREAS, the City of Miami supports Miami -Dade Public Schools' capital bond referendum to
renovate existing school facilities, update technology, build school replacements, expand capacity, and
enhance facility safety;
NOW, THEREFORE, BE IT RESOLVED BY COMMISSION OF THE CITY OF MIAMI, FLORIDA:
City of Miami
Page 1 of 2 File Id: 12-01134 (Version: 1) Printed On: 10/1/2012
File Number: 12-01134
Section 1. The Miami City Commission supports the Miami -Dade County Public Schools' Capital
Bond referendum which will provide funds to modernize and renovate local schools so that public
school students will have the tools necessary to succeed in the 21st century global economy.
Section 2. This Resolution shall become effective immediately after final reading and adoption and
signature of the Mayor.{1}
APPROVED AS TO FORM AND CORRECTNESS:
JULIE 0. BRU
CITY ATTORNEY
Footnotes:
{1} This Resolution shall become effective as specified herein unless vetoed by the Mayor within ten
days from the date it was passed and adopted. If the Mayor vetoes this Ordinance, it shall become
effective immediately upon override of the veto by the City Commission or upon the effective date
stated herein, whichever is later.
City of Mianti Page 2 of 2 File Id: 12-01134 (Version: 1) Printed On: 10/1/2012