HomeMy WebLinkAboutMaster ReportCity of Miami
Master Report
Enactment Number: R-18-0546
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 5024
Revision: A
File Name: Miami Forever Bond — Declaration of Intent
Requesting Dept: Office of Management and Budget
File Type: Resolution Status: ADOPTED WITH
MODIFICATION(S)
Controlling Body: City Commission
Introduced: 10/18/2018
Final Action Date: 12/13/2018
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENTS,
DECLARING THE OFFICIAL INTENT OF THE CITY OF MIAMI ("CITY") TO ISSUE
BOTH TAXABLE AND TAX-EXEMPT GENERAL OBLIGATION BONDS PAYABLE
FROM AD VALOREM TAXES PROVIDED THAT THE CAPITAL PROJECTS DEBT
MILLAGE NOT EXCEED THE RATE OF 0.5935 MILLS IN ACCORDANCE WITH THE
NOVEMBER 7, 2017 BOND REFERENDUM APPROVED BY THE VOTERS, INITIALLY
IN AN EXPECTED NOT TO EXCEED TOTAL MAXIMUM PRINCIPAL AMOUNT OF
FIFTY EIGHT MILLION SIX HUNDRED FIFTY THREE THOUSAND THREE HUNDRED
THIRTY NINE DOLLARS ($58,653,339.00) (COLLECTIVELY, "LIMITED AD VALOREM
BONDS") IN ORDER TO, AMONG OTHER THINGS, REIMBURSE THE CITY FOR
FUNDS ADVANCED BY THE CITY FOR CERTAIN EXPENSES INCURRED WITH
RESPECT TO CAPITAL PROJECTS TO BE UNDERTAKEN BY THE CITY TO REDUCE
FLOODING RISKS, TO IMPROVE STORMWATER INFRASTRUCTURE, TO IMPROVE
AFFORDABLE HOUSING, ECONOMIC DEVELOPMENT, PARKS, CULTURAL
FACILITIES, STREETS, AND INFRASTRUCTURE AND TO ENHANCE PUBLIC
SAFETY WITHIN THE CITY'S LIMITS, ALL AS INDICATED IN THE CITY MANAGER'S
CURRENT MEMORANDUM AND ATTACHED PROJECT LIST IN COMPOSITE
EXHIBIT "A," ATTACHED AND INCORPORATED (COLLECTIVELY, "PROJECTS");
ESTABLISHING CERTAIN RELATED DEFINITIONS OF TERMS; AUTHORIZING
CERTAIN FURTHER AND INCIDENTAL ACTIONS BY THE CITY MANAGER IN
CONSULTATION WITH THE CITY ATTORNEY, BOND COUNSEL, DISCLOSURE
COUNSEL, FINANCIAL ADVISOR, CHIEF FINANCIAL OFFICER, FINANCE
DIRECTOR, BUDGET DIRECTOR, AND SUCH OTHER APPROPRIATE OFFICERS,
EMPLOYEES, AND AGENTS OF THE CITY AS THE CITY MANAGER DEEMS
NECESSARY, ALL AS REQUIRED FOR PURPOSES OF SECTIONS 103 AND 141-150
OF THE U.S. INTERNAL REVENUE CODE OF 1986, AS AMENDED, AND FOR
COMPLIANCE THEREWITH; FURTHER AUTHORIZING RELATED AMENDMENTS TO
THE CITY'S MULTI -YEAR CAPITAL PLAN AS NECESSARY.
Notes:
Links:
Attachments: 5024 Composite Exhibit A - SUB (PDF)
5024-Submittal-Elvis Cruz-Morningside Park -Pool Complex Structural Integrity Assesment (PDF)
History of Legislative File:
Revision: Acting Body: Date:
Action: Result:
Christopher M Rose
Nikolas Pascual
12/4/2018 Department Head Review Completed
12/4/2018 Assistant City Manager Review Completed
City of Miami Page 1 of 2 Printed on: 4/7/2025
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Nikolas Pascual
City Commission
City Commission
Mayor's Office
City Clerk's Office
Legislative Division
Xavier Alban
Barnaby L. Min
Victoria Mendez
City Clerk's Office
City of Miami
Master Report
Enactment Number:
12/4/2018
12/13/2018
12/13/2018
12/14/2018
12/14/2018
1/31/2019
2/5/2019
2/5/2019
2/6/2019
2/6/2019
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
R-18-0546
City Manager Review
Meeting
ADOPTED WITH
MODIFICATION(S)
Signed by the Mayor
Signed and Attested by the City
Clerk
Legislative Division Review
ACA Review
Deputy City Attorney Review
Approved Form and
Correctness with Modification(s)
Rendered
Completed
Completed
Passed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
City of Miami Page 2 of 2 Printed on: 4/7/2025