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HomeMy WebLinkAboutFinance CCMemoCITY OF MIAMI INTER -OFFICE MEMORANDUM To: Honorable Mayor and Members Date: November 30, 2012 of the City Commission �j'���� Subject: Finance Committee From: Dwightt�//S. Danie References: Agenda for December 13, 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. Five (5) appointments are required at this time: • Chairman Francis Suarez has one (1) nomination for a seat currently held by: 1. Manuel Vadillo, incumbent, whose term expired on October 13, 2012. • Vice Chairman Marc David Sarnoff has one (1) nomination for a seat currently: 1. Vacant! • Commissioner Frank Carollo has one (1) nomination for a seat currently: 1. Vacant! • Commissioner Michelle Spence -Jones has one (1) nomination for a seat currently held by: 1. David Wilson, incumbent, whose term expired on October 13, 2012. • City Manager Johnny Martinez has one (1) nomination for a seat currently: 1. Vacant. (Vacancy created due to resignation by Stephen Petty) * This item was continued from October 11, 2012, and November 15, 2012, Commission meetings. This item was continued from the February 9, 2012, March 8, 2012, April 12, 2012, May 10, 2012, June 14, 2012, July 12, 2012, September 13, 2012, October 11, 2012, and November 15, 2012, Commission meetings. This item was continued from November 15, 2012, Commission meeting. § This item was continued from October 11, 2012, and November 15, 2012, Commission meetings. 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 December 13, 2012, Commission agenda. DSD:th c: Robin Jones Jackson, Assistant City Attorney Marisol Artiles, Administrative Assistant II, Finance Dept. Elvi Gallastegui, Agenda Coordinator