HomeMy WebLinkAboutMemorandumCITY OF MIAMI
INTER -OFFICE MEMORANDUM
To: Honorable Mayor and Members Date: February 15, 2017
of the City Commission
From: Todd B. Hannon
City Clerk
Subject: Finance Committee
References: Agenda for March 9, 2017
Enclosures: List of members
The Finance Committee, a seven (7) member board was created to review and make
recommendations regarding the issuance of debt obligations and the management of outstanding
debt. The committee will consider all issues related to outstanding and proposed debt obligations,
and will vote on issues affecting or relating to the credit worthiness, security and repayment of such
obligations, including but not limited to procurement of services, structure, repayment terms and
covenants of the proposed debt obligation, and issues which may affect the security of the bonds and
ongoing disclosure to bondholders and interested parties.
Three (3) appointments are needed at this time:
• Mayor Tomas Regalado has one (1) nomination for a seat currently held by:
1. Eli Feinberg, whose term expired on March 12, 2016, has served as a member since
July 21, 1998, and will require a term waiver by a unanimous (5/5) vote of the
Commission.'
• Chair Keon Hardemon has one (1) nomination for a seat currently held by:
1. Lynda Harris, incumbent, whose term expired on March 12, 2016, and will require a
4/5ths waiver of the residency requirement, per Section 2-884(a) of the Code.2
• Vice Chair Ken Russell has one (1) nomination for a seat currently held by:
1. Richard Brodsky, incumbent, whose term expired on December 13, 2013.3
1 This item was continued from March 11, 2016, April 14, 2016, May 12, 2016, June 9, 2016, July 14, 2016, September 8, 2016,
October 13, 2016, November 17, 2016, December 8, 2016, January 12, 2017, and February 9, 2017, Commission meetings.
2 This item was continued from March 11, 2016, April 14, 2016, May 12, 2016, June 9, 2016, July 14, 2016, September 8, 2016,
October 13, 2016, November 17, 2016, December 8, 2016, January 12, 2017, and February 9, 2017, Commission meetings.
3 This item was continued from November 21, 2013, January 9, 2014, February 13, 2014, March 13, 2014, April 10, 2014, May
8, 2014, June 12, 2014, July 10, 2014, September 11, 2014, October 9, 2014, November 20, 2014, December 11, 2014, January 8,
2015, February 12, 2015, March 12, 2015, Apri19, 2015, May 14, 2015, June 11, 2015, July 9, 2015, September 10, 2015,
October 8, 2015, January 14, 2016, February 11, 2016, March 11, 2016, April 14, 2016, May 12, 2016, June 9, 2016, July 14,
2016, September 8, 2016, October 13, 2016, November 17, 2016, December 8, 2016, January 12, 2017, and February 9, 2017,
Commission meetings.
For your convenience, we are including a copy of the membership of the committee. By copy of this
memorandum, we are requesting that the Agenda Office place this issue on the March 9, 2017,
Commission Agenda.
TBH:ne
c: Jose M. Fernandez, Director, Finance Dept.
Marisol Artiles, Administrative Assistant II, Budget Dept.
Robin Jones Jackson, Senior Assistant City Attorney
Anna M. Medina, Agenda Coordinator