HomeMy WebLinkAboutMaster ReportCity of Miami
Master Report
Enactment Number: R-14-0228
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 14-00468
Version: 2
File Name: Auth. Agrmt.- FL Dev. Finance Corp.
File Type: Resolution Status: Passed
Reference: Controlling Body: Office of the City
Clerk
Introduced: 5/12/2014
Requester: City Manager's Office Cost: Final Action: 6/12/2014
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING
THE CITY MANAGER TO EXECUTE AN INTERLOCAL AGREEMENT, IN SUBSTANTIALLY
THE ATTACHED FORM, WITH THE FLORIDA DEVELOPMENT FINANCE CORPORATION, A
PUBLIC BODY CORPORATE AND POLITIC ESTABLISHED PURSUANT TO THE FLORIDA
DEVELOPMENT CORPORATION FINANCE ACT OF 1993 ("FDFC"), IN CONNECTION WITH
THE ISSUANCE BY FDFC OF ITS NOT TO EXCEED $30,000,000.00 EDUCATIONAL FACILITIES
REVENUE BONDS (MIAMI ARTS CHARTER SCHOOL PROJECT), SERIES 2014 ("FDFC
BONDS") THE PROCEEDS OF WHICH ARE TO BE LOANED BY FDFC TO MIAMI ARTS, INC.,
MIAMI ARTS WYNWOOD, LLC, AND ONE OR MORE AFFILIATES THEREOF
(COLLECTIVELY, "BORROWERS") FOR THE FINANCING, REFINANCING, ACQUISITION,
CONSTRUCTION, RENOVATION, AND EQUIPPING OF AN APPROXIMATELY 200,000 SQUARE
FOOT FACILITY TO BE OWNED BY BORROWERS AND OPERATED AS A CHARTER SCHOOL
KNOWN AS MIAMI ARTS CHARTER SCHOOL LOCATED AT 95 NORTHWEST 23RD STREET,
MIAMI, FLORIDA 33127 (COLLECTIVELY, "PROJECT"); FURTHER AUTHORIZING AND
DIRECTING THE CITY MANAGER AND ALL OTHER NECESSARY CITY OFFICIALS TO
UNDERTAKE THE NECESSARY RELATED PROCEDURES AND TO NEGOTIATE AND
EXECUTE ANY OTHER NECESSARY DOCUMENTS AND AGREEMENTS, IN A FORM
ACCEPTABLE TO THE CITY ATTORNEY, WITH FDFC FOR THE INTERLOCAL AGREEMENT
FOR THE PROJECT; PROVIDING FOR CERTAIN OTHER MATTERS IN CONNECTION
THEREWITH, INCLUDING THE REIMBURSEMENT BY THE BORROWERS OF THE CITY'S
REASONABLE COSTS AND EXPENSES.
Sponsors:
Notes:
Indexes:
Attachments: 14-00468 Summary Form.pdf,14-00468 Back -Up - FDFC StaffMemo.pdf,14-00468
Legislation.pdf,14-00468 Exhibit SUB.pdf,
History of Legislative File
Version: Acting Body: Date: Action: Sent To: Due Date: Return Date: Result:
1 City Commission 6/12/2014 DEFERRED
1 City Commission 6/12/2014 RECONSIDERED
1 Office of the City 6/12/2014 Review Pending
Attorney
Pass
Pass
2 City Commission 6/12/2014 ADOPTED WITH Pass
MODIFICATIONS
City of Miami Page 1 Printed on 1/3/2018
City of Miami
Master Report
Enactment Number: R-14-0228
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
2 Office of the Mayor 6/12/2014 Signed by the Mayor Office of the City
Clerk
2 Office of the City Clerk 6/12/2014 Signed and Attested
by City Clerk
2 Office of the City 6/13/2014 Reviewed and
Attorney Approved
Action Note: MODIFICATIONS MADE TO RESOLUTION AND EXHIBIT
City of Miami Page 2 Printed on 1/3/2018