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HomeMy WebLinkAboutMaster ReportCity of Miami Master Report Enactment Number: R-17-0288 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 2347 Revision: A File Type: Resolution Status: ADOPTED WITH MODIFICATION(S) Controlling Body: City Commission File Name: Special Obligation Bonds for Citywide Introduced: 5/15/2017 Environmental Remediation Requesting Dept: Department of Finance Final Action Date: 6/22/2017 Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), PROVIDING FOR THE ISSUANCE IN A NOT TO EXCEED AMOUNT OF TWENTY- SEVEN MILLION FIVE HUNDRED THOUSAND DOLLARS ($27,500,000.00) IN PRINCIPAL AMOUNT OF A CITY OF MIAMI, FLORIDA ("CITY") SPECIAL OBLIGATION BOND, SERIES 2017 ("BOND") AND THE COSTS OF ISSUANCE THEREOF FOR ENVIRONMENTAL REMEDIATION AND MARINE STADIUM FLEX PARK CAPITAL IMPROVEMENTS PROJECTS (COLLECTIVELY, "PROJECTS"); APPROVING THE SELECTION OF THE PRIVATE PLACEMENT PROPOSAL FROM RAYMOND JAMES CAPITAL FUNDING, INC. ("RAYMOND JAMES") AND EXECUTION THEREOF BY THE CITY MANAGER; PROVIDING FOR THE PRIVATE PLACEMENT WITH AND NEGOTIATED SALE OF SAID BOND TO RAYMOND JAMES; SETTING CERTAIN BASIC PARAMETERS OF THE TERMS AND CONDITIONS OF A LOAN AGREEMENT AND THE BOND; AUTHORIZING THE NEGOTIATION, EXECUTION AND DELIVERY BY THE CITY MANAGER, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY AND BOND COUNSEL, OF A LOAN AGREEMENT, THE BOND, AND ALL OTHER NECESSARY AGREEMENTS, DOCUMENTS, AND INSTRUMENTS IN CONNECTION THEREWITH; MAKING CERTAIN FINDINGS AND DETERMINATIONS; FURTHER AUTHORIZING ALL REQUIRED ACTIONS BY THE CITY MANAGER, THE CITY ATTORNEY, BOND COUNSEL, CHIEF FINANCIAL OFFICER, FINANCE DIRECTOR, FINANCIAL ADVISOR, AND ALL OTHER CITY OFFICIALS IN CONNECTION THEREWITH; RATIFYING, APPROVING AND CONFIRMING CERTAIN NECESSARY ACTIONS BY THE CITY MANAGER AND DESIGNATED DEPARTMENTS IN ORDER TO UPDATE THE RELEVANT FINANCIAL CONTROLS AND COMPUTER SYSTEMS IN CONNECTION THEREWITH; AND PROVIDING APPLICABLE EFFECTIVE DATES. Notes: Links: Attachments: 2347 Exhibit - Proposal (PDF) 2347 Exhibit - Draft Loan Agreement (PDF) 2347 Pre -Legislation (PDF) History of Legislative File: Revision: Acting Body: Date: Action: Result: Erica T Paschal 5/24/2017 Department Head Review Completed Donovan Dawson 6/9/2017 Budget Analyst Review Completed Christopher M Rose 6/12/2017 Budget Review Completed City of Miami Page 1 of 2 Printed on: 3/17/2025 A A A A Fernando Casamayor Daniel J. Alfonso Legislative Division Victoria Mendez City Commission City Commission Legislative Division Victoria Mendez Mayor's Office City Clerk's Office City of Miami Master Report Enactment Number: 6/12/2017 6/12/2017 6/12/2017 6/13/2017 6/22/2017 6/22/2017 6/22/2017 6/22/2017 6/22/2017 6/22/2017 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com R-17-0288 Assistant City Manager Review City Manager Review Legislative Division Review Approved Form and Correctness Meeting ADOPTED WITH MODIFICATION(S) Legislative Division Review Approved Form and Correctness with Modification(s) Signed by the Mayor Signed and Attested by the City Clerk Completed Completed Completed Completed Completed Failed Completed Completed Completed Completed City of Miami Page 2 of 2 Printed on: 3/17/2025