HomeMy WebLinkAboutFinance CCMemo 2014-06-12CITY OF MIAMI
INTER -OFFICE MEMORANDUM
To: Honorable Members of the
City Commission
From: Todd B. Hannon
City Clerk
Date: May 12, 2014
Subject: Finance Committee
References: Agenda for June 12, 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.
Two (2) appointments are required at this time:
• 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.
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 June 12, 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, February 13, 2014, March 13, 2014, April 10, 2014, and May 8, 2014,
Commission meetings.
This item was continued from November 21, 2013, January 9, 2014, February 13, 2014, March 13, 2014, April 10, 2014, and May
8, 2014, Commission meetings.