HomeMy WebLinkAboutMaster ReportCity of Miami
Master Report
Enactment Number: R-14-0299
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 14-00693
Version: 2
File Type: Resolution Status: Passed
Reference: Controlling Body: Office of the City
Clerk
File Name: Auth. Refunding of Series 2002 A & C Bonds Introduced: 7/11/2014
Requester: Department of Finance Cost: Final Action: 7/24/2014
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), PROVIDING
FOR THE ISSUANCE OF NOT TO EXCEED TWENTY-TWO MILLION DOLLARS
($22,000,000.00) IN AGGREGATE PRINCIPAL AMOUNT OF A CITY OF MIAMI, FLORIDA
("CITY") SPECIAL OBLIGATION NON -AD VALOREM REVENUE REFUNDING BOND, SERIES
2014 ("BOND"); PROVIDING FOR THE PRIVATE PLACEMENT AND NEGOTIATED SALE OF
SAID BOND TO PNC BANK, NATIONAL ASSOCIATION ("BANK"); SETTING CERTAIN BASIC
PARAMETERS OF THE TERMS AND CONDITIONS OF A LOAN AGREEMENT AND THE BOND,
AND AUTHORIZING THE NEGOTIATION, EXECUTION AND DELIVERY OF A LOAN
AGREEMENT, THE BOND, AND ALL OTHER NECESSARY AGREEMENTS, DOCUMENTS,
AND INSTRUMENTS IN CONNECTION THEREWITH; MAKING CERTAIN FINDINGS AND
DETERMINATIONS; AUTHORIZING ALL REQUIRED ACTIONS BY THE CITY MANAGER, THE
CITY ATTORNEY, AND ALL OTHER CITY OFFICIALS IN CONNECTION THEREWITH;
FURTHER AUTHORIZING THE CITY MANAGER AND ALL OTHER NECESSARY CITY
OFFICIALS TO UNDERTAKE THE NECESSARY STEPS AND TO NEGOTIATE, EXECUTE, AND
DELIVER ALL NECESSARY NOTICES, DOCUMENTS, AND INSTRUMENTS IN CONNECTION
WITH THE REDEMPTION OF THE $13,255,000.00 OUTSTANDING PRINCIPAL AMOUNT OF
THE CITY'S SPECIAL OBLIGATION NON AD -VALOREM REVENUE REFUNDING BONDS,
SERIES 2002A AND $7,430,000.00 OUTSTANDING PRINCIPAL AMOUNT OF THE CITY'S
SPECIAL OBLIGATION NON AD -VALOREM REVENUE REFUNDING BONDS, SERIES 2002C;
AND PROVIDING APPLICABLE EFFECTIVE DATES.
Sponsors:
Notes:
Indexes:
Attachments: 14-00693 Summary Form.pdf,14-00693 Legislation.pdf,14-00693 Exhibit 1 - Bank Loan
RFP.pdf,14-00693 Exhibit 2 - Bank Loan Proposal.pdf,14-00693 Exhibit 3 - Presentation.pdf,14-00693
Exhibit 4- Waiver.pdf,
History of Legislative File
Version: Acting Body: Date: Action: Sent To: Due Date: Return Date: Result:
1 Office of the City 7/15/2014 Reviewed and
Attorney Approved
2 City Commission 7/24/2014 ADOPTED WITH Pass
MODIFICATIONS
2 Office of the City 7/29/2014 Reviewed and
Attorney Approved
Action Note: MODIFICATIONS MADE TO RESOLUTION AND ADDTL EXHIBIT- 4
City ofMiami Page 1 Printed on 1/9/2018
City of Miami
Master Report
Enactment Number: R-14-0299
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
2 Office of the Mayor 7/30/2014 Signed by the Mayor Office of the City
Clerk
2 Office of the City Clerk 7/31/2014 Signed and Attested
by City Clerk
City of Miami Page 2 Printed on 1/9/2018