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HomeMy WebLinkAboutFinance CCMemoCITY OF MIAMI INTER -OFFICE MEMORANDUM To: Honorable Mayor and Members Date: September 20, 2013 of the City Commission Subject: Finance Committee References: Agenda for October 10, 2013 Enclosures: List of members From: Todd B. Hannon City Clerk 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 Chair Wifredo (Willy) Gort has one (1) nomination for a seat currently held by: 1. Fausto Alvarez, incumbent, whose term expires on October 11, 2013. • Commissioner Frank Carollo has one (1) nomination for a seat currently:* 2. Vacant. 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 October 10, 2013, Commission agenda. TBH:ne c: Robin Jones Jackson, Assistant City Attorney Marisol Artiles, Administrative Assistant II, Finance Dept. Elvi Gallastegui, Agenda Coordinator * This item was continued from November 15, 2012, December 13, 2012, January 10, 2013, February 14, 2013, March 14, 2013, April 11, 2013, May 9, 2013, June 13, 2013, July 11, 2013, and September 12, 2013, Commission meetings