HomeMy WebLinkAboutFinance CCMemoCITY OF MIAMI
INTER -OFFICE MEMORANDUM
To: Honorable Mayor and
Members of the City Commission
From: Todd B. Hannon
City Clerk
Date: February 20, 2014
Subject: Finance Committee
References: Agenda for March 13, 2014
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:
• Mayor Tomas Regalado has one (1) nomination for a seat currently held by:
1. Eli Feinberg, incumbent, whose term expires on March 14, 2014, has served as a
member since July 21, 1998, and would require a term waiver by a unanimous (5/5ths)
vote of the Commission.
• Vice Chair Keon Hardemon has one (1) nomination for a seat currently:
1. Vacant. (Carol Gardner resigned effective February 4, 2014)*
• Commissioner Marc David Sarnoff has one (1) nomination for a seat currently held by:
1. Richard Brodsky, incumbent, whose term expired on December 13, 2013.1.
• Commissioner Francis Suarez has one (1) nomination for a seat currently held by:
1. Manuel Vadillo, incumbent, whose term expires on March 14, 2014.
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 March 13, 2014,
Commission agenda.
TBH:ne
c: Marisol Artiles, Administrative Assistant II, Finance Dept.
Robin Jones Jackson, Assistant City Attorney
Julia D. Hernandez, Agenda Coordinator
*
This item was continued from January 9, 2014, and February 13, 2014, Commission meetings.
This item was continued from November 21, 2013, January 9, 2014, and February 13, 2014, Commission meetings.