HomeMy WebLinkAboutMaster ReportCity of Miami
Master Report
Enactment Number: R-17-0289
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 2346 File Type: Resolution Status: ADOPTED
Revision: Controlling Body: City Commission
File Name: Homeland Defense Bonds - Limited GO Refunding Introduced: 5/15/2017
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 ONE
HUNDRED EIGHTEEN MILLION DOLLARS ($118,000,000.00) IN AGGREGATE
PRINCIPAL AMOUNT OF A CITY OF MIAMI, FLORIDA ("CITY") LIMITED AD
VALOREM TAX REFUNDING BOND, SERIES 2017 ("BOND") AND THE COSTS OF
ISSUANCE THEREOF; APPROVING THE SELECTION OF, ACCEPTANCE, AND
EXECUTION BY THE CITY MANAGER OF THE PRIVATE PLACEMENT PROPOSAL
FROM JPMORGAN CHASE BANK, N.A. AND PROVIDING FOR THE PRIVATE
PLACEMENT WITH AND NEGOTIATED SALE OF SAID BOND TO DNT ASSET
TRUST, A DELAWARE BUSINESS TRUST AND WHOLLY OWNED SUBSIDIARY OF
JPMORGAN CHASE BANK, N.A. ("DNT ASSET TRUST"); SETTING CERTAIN BASIC
PARAMETERS OF THE TERMS AND CONDITIONS OF A LOAN AGREEMENT AND
THE BOND AND 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; AUTHORIZING
ALL REQUIRED ACTIONS BY THE CITY MANAGER, THE CITY ATTORNEY, BOND
COUNSEL, THE CHIEF FINANCIAL OFFICER, THE FINANCE DIRECTOR, FINANCIAL
ADVISOR, AND ALL OTHER CITY OFFICIALS IN CONNECTION THEREWITH;
FURTHER AUTHORIZING THE CITY MANAGER, CITY ATTORNEY, FINANCIAL
ADVISOR, BOND COUNSEL, THE CHIEF FINANCIAL OFFICER, THE FINANCE
DIRECTOR, BOND REGISTRARS AND PAYING AGENTS AND ALL OTHER
NECESSARY CITY OFFICIALS TO UNDERTAKE THE NECESSARY STEPS AND TO
NEGOTIATE, EXECUTE, AND DELIVER, IN A FORM ACCEPTABLE TO THE CITY
ATTORNEY AND BOND COUNSEL, ALL NECESSARY ESCROW DEPOSIT
AGREEMENTS, NOTICES, DOCUMENTS, AND INSTRUMENTS IN CONNECTION
WITH THE REDEMPTION OF (A) ALL OF THE CITY'S OUTSTANDING CITY OF
MIAMI, FLORIDA LIMITED AD -VALOREM TAX REVENUE REFUNDING BONDS
SERIES 2007A (HOMELAND DEFENSE/NEIGHBORHOOD CAPITAL IMPROVEMENT
PROJECTS), IN A PRINCIPAL AMOUNT OF SEVENTY NINE MILLION NINE
HUNDRED SIXTY THOUSAND DOLLARS ($79,960,000.00) ("SERIES 2007A BONDS")
AND (B) A PORTION OF THE CITY'S OUTSTANDING CITY OF MIAMI, FLORIDA
LIMITED AD -VALOREM TAX BONDS, SERIES 2009 (HOMELAND
DEFENSE/NEIGHBORHOOD CAPITAL IMPROVEMENT PROJECTS), IN A PRINCIPAL
AMOUNT OF THIRTY-TWO MILLION THREE HUNDRED SEVENTY THOUSAND
DOLLARS ($32,370,000.00) ("SERIES 2009 BONDS"); RATIFYING, APPROVING, AND
CONFIRMING THE CONDITIONAL NOTICE OF REDEMPTION OF THE SERIES 2009
BONDS; 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.
City of Miami Page 1 of 2 Printed on: 3/19/2026
City of Miami
Master Report
Enactment Number: R-17-0289
Notes:
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Links:
Attachments: 2346 Exhibit - Proposal (PDF)
2346 Exhibit - Draft Loan Agreement (PDF)
2346 Backup Document (PDF)
2346 Pre -Legislation (PDF)
History of Legislative File:
Revision: Acting Body: Date: Action: Result:
Erica T. Paschal 5/18/2017 Department Head Review Completed
Donovan Dawson 6/9/2017 Budget Analyst Review Completed
Christopher M Rose 6/12/2017 Budget Review Completed
Fernando Casamayor 6/12/2017 Assistant City Manager Review Completed
Daniel J. Alfonso 6/12/2017 City Manager Review Completed
Legislative Division 6/12/2017 Legislative Division Review Completed
Victoria Mendez 6/13/2017 Approved Form and Completed
Correctness
City Commission 6/22/2017 Meeting Completed
City Commission 6/22/2017 ADOPTED Passed
Mayor's Office 6/22/2017 Signed by the Mayor Completed
City Clerk's Office 6/22/2017 Signed and Attested by the City Completed
Clerk
City of Miami Page 2 of 2 Printed on: 3/19/2026