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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 A A A A A A A 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