HomeMy WebLinkAboutMaster ReportCity of Miami
Master Report
Enactment Number: R-12-0455
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 12-00908
Version: 2
File Type: Resolution Status: Passed
Reference: Controlling Body: Office of the City
Clerk
File Name: Auth. Issuance - Port of Miami Tunnel & Access Introduced: 8/7/2012
Requester: Department of Finance
Cost: Final Action: 11/19/2012
Title: 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.
Sponsors:
Notes: Complete Legislation in Attachment field
Indexes:
Attachments: 12-00908 Summary Form.pdf,12-00908 Legislation- Version 1.pdf,12-00908 Complete Legislation
City ofMiami Page 1 Printed on 12/13/2017
City of Miami
Master Report
Enactment Number: R-12-0455
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Version 2.pdf,12-00908 Exhibit 1- SUB.pdf,12-00908 - Memo- Additional Back-up.pdf,
History of Legislative File
Version: Acting Body:
Date:
Action:
Sent To:
Due Date: Return Date: Result:
2
2
2
2
2
Office of the City
Attorney
City Commission
Office of the City
Attorney
Office of the Mayor
Office of the City Clerk
11/14/2012 Review Pending
11/15/2012 ADOPTED WITH
MODIFICATIONS
11/20/2012 Reviewed and
Approved
11/26/2012 Signed by the Mayor Office of the City
Clerk
11/27/2012 Signed and Attested
by City Clerk
Pass
City ofMiami Page 2 Printed on 12/13/2017