HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM
FILE ID: 14-01252
Date: 3/30/2015
Commission Meeting Date: 4/9/2015
Requesting Department: Management and Budget
District Impacted: Citywide
Type: /1 Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Law Department
Matter ID No.
RTIT 15--
Subject: A resolution continuing compliance with the 2007 Series Street and Sidewalk Improvement Program
Bonds.
Purpose of Item:
A. Resolution of the Miami. City Commission with attachments to continue compliance with the Tax
Compliance Certificate and Bond Resolution of the Series 2007 Street and Sidewalk Bond Program;
authorizing the City Manager and other agents of the City of Miami to make amendments and take all
necessary actions required in connection with this continuing compliance resolution, among other things
amending current appropriations of previously approved projects as indicated in Consolidated Exhibits A and
B, attached and incorporated; ratifying, approving, and confirming certain necessary actions by the City
Manager and designated City departments in order to update the relevant financial controls and computer
systems in connection therewith.
Background Information:
On December 5, 2007 the City issued $80 million of Special Obligation Bonds to fundprojects in the City's
Capital Plan related to streets and sidewalks. The related Tax Compliance Certificate for said bonds required
that the proceeds be spent in a timely manner The attached resolution authorizes the necessary continuing
compliance follow-up procedures.
Budget Impact Analysis
YES Is this item related to revenue?
YES Is this item an expenditure? If so, please identify funding source below.
General Account No: N/A
Special Revenue Account No: N/A
CIP Project No.: N/A
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Total Fiscal Impact: $0
Final Approvals
(SIGN AND DATE)
CI
Grants
Purchasing
Chief
Bud
Risk Management
Dept. Direct
City Manager
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