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
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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