HomeMy WebLinkAboutFinance CCMemo 2012-11-15CITY OF MIAMI
INTER -OFFICE MEMORANDUM
To: Honorable Mayor and Members Date: October 25, 2012
of the City Commission
Subject: Finance Committee
From: Dwight S. Danie References: Agenda for November 15, 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.
Four (4) appointments are required at this time:
• Chairman Francis Suarez has one (1) nomination for a seat currently held b,:
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.*
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
November 15, 2012, Commission agenda.
DSD:th
c: Robin Jones Jackson, Assistant City Attorney
Stephen Petty, Director, Finance Department
Elvi Gallastegui, Agenda Coordinator
* This item was continued from October 11, 2012 Commission meeting.
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, and October 11, 2012, Commission meetings.