HomeMy WebLinkAboutExhibit B-SUBEXHIBIT B
Substitute Item - Original
may be found at the end.
RESOLUTION 16-02 OF AUTHORITY
File No. 1366
�3t0c0 —phi — S ur3
RESOLUTION NO. 16-02
A RESOLUTION OF TI-IE CITY OF MIAMI. FLORIDA HEALTH
FACILITIES AUTHORITY AUTHORIZING THE ISSUANCE AND
NEGOTIATED SALE OF CITY OF iLI.ah1I, FLORIDA HEALTH
FACILITIES AUTHORITY HEALTH FACILITIES REVENUE AND
REVENUE REFUNDING BONDS (MIAMI JEWISH HEALTH
SYSTEMS. INC. PROJECT), SERIES 2017 (THE `SERIES 2017
BONDS") IN AN AGGREGATE PRINCIPAL AMOUNT NOT
EXCEEDING $50.000,000 PURSUANT TO TI-IE PROVISIONS OF
PART III OF CHAPTER 154 AND PART II OF CHAPTER 339,
FLORIDA STATUTES. AS AMENDED; PROVIDING FOR THE
LENDING OF THE PROCEEDS OF THE SERIES 2017 BONDS TO
MIAMI JEWISH HEALTH SYSTEMS. INC. (.-MJHS") TO (i) REFUND
THE AUTHORITY'S OUTSTANDING HEALTH FACILITIES
REVENUE REFUNDING BONDS (MIAMI JEWISI-I HOME AND
HOSPITAL FOR THE AGED, INC. PROJECT). SERIES 2005 (THE
..PRIOR BONDS"), AND THEREBY REFINANCE TIIE
OBLIGATIONS OF MJIIS (FORMERLY KNOWN AS MIAMI JEWISI I
HOME AND HOSPITAL FOR THE AGED. INC.) UNDER A LOAN
AGREEMENT BETWEEN THE AUTHORITY AND MJHS, (ii)
REFINANCE A LOAN FROM SUNTRUST BANK TO MJHS. (iii) PAY
A TERMINATION PAYMENT UNDER AN INTEREST RATE SWAP
AGREEMENT BETWEEN SUNTRUST BANK AND MJHS, (iv)
FINANCE CERTAIN CAPITAL IMPROVEMENTS AT TI-IE MAIN
CAMPUS OF MJI-IS, (v) FUND A DEBT SERVICE RESERVE FUND
FOR THE SERIES 2017 BONDS, AND (vi) PAY CERTAIN COSTS OF
ISSUANCE OF THE SERIES 2017 BONDS; APPROVING TIIE FORM
OF AND AUTHORIZING THE EXECUTION, AUTHENTICATION
AND DELIVERY OF THE SERIES 2017 BONDS; APPROVING 'FI-IE
FORM AND AUTHORIZING THE EXECUTION AND DELIVERY OF
AN INDENTURE OF TRUST AND A LOAN AGREEMENT;
APPROVING THE FORM AND AUTHORIZING THE EXECUTION
AND DELIVERY OF A BOND PURCHASE AGREEMENT FOR THE
SALE OF THE SERIES 2017 BONDS TO THE UNDERWRITERS;
PROVIDING FOR THE AWARD AND SALE OF THE SERIES 2017
BONDS TO THE UNDERWRITERS; PROVIDING FOR CERTAIN
TERMS AND PROVISIONS OF THE SERIES 2017 BONDS;
❑ELEGATING CERTAIN MATTERS IN CONNECTION WITH THE
ISSUANCE OF THE SERIES 20I7 BONDS TO THE CHAIR OR VICE
CHAIR OF THE AUTHORITY; AUTHORIZING THE DISTRIBUTION
AND USE OF A PRELIMINARY OFFICIAL STATEMENT AND TIIE
EXECUTION AND DISTRIBUTION OF A FINAL OFFICIAL
STATEMENT; DESIGNATING THE BANK OF NEW YORK
MELLON TRUST COMPANY, N.A. AS TRUSTEE; APPROVING B.C.
Z_IEGLER AND COMPANY AND SUNTRUST ROBINSON
1-IUMPHREY, INC. AS UNDERWRITERS; AUTHORIZING OTHER
010-828 3-0 343/ 3/A ME R iCA S
DOCUMENTS. CERTIFICATES, INSTRUMENTS AND ACTS
NECESSARY TO EFFECTUATE THE ISSUANCE AND SALE OF
THE SERIES 2017 BONDS AND OTHER MATTERS IN
CONNECTION THEREWITH: AUTI-IORIZING THE REDEMPTION
OF THE PRIOR BONDS AND PROVIDING FOR A NOTICE OF
REDEMPTION; RATIFYING. CONFIRMING AND APPROVING
ACTIONS OF THE AUTHORITY; RECOMMENDING TO THE CITY
COMMISSION OF THE CITY OF MIAMI APPROVAL OF THE
ISSUANCE OF THE SERIES 2017 BONDS FOR PURPOSES OF
SECTION ] 47(f) OF TI-IE INTERNAL REVENUE CODE OF 1986, AS
AMENDED; PROVIDING FOR SEVERABILITY AND AN
EFFECTIVE DATE.
13E IT RESOLVED BY THE CITY OF MIAMI. FLORIDA HEALTH FACILITIES
AUTHORITY. AS FOLLOWS:
SECTION I. Recitations and Findings.
(A) The City of Miami. Florida Health Facilities Authority (the "Authority") was
created by Resolution No. 79-93. adopted on February 22, 1979 by the City Commission of the
City of Miami. Florida (the `City Commission"). as amended by Resolution No. 79-330 adopted
on May 22, 1979 by the City Commission (collectively. the "Enabling Resolution"), by the City
Commission pursuant to Part III of Chapter 154. Florida Statutes, as amended, known as the
I-Iealth Facilities Authorities Law. This Resolution is adopted pursuant to the provisions of said
Health Facilities Authorities Law and Part II of Chapter 159. Florida Statutes, as amended
(together, the "Act' ), and other applicable provisions of law.
(B) The Authority is authorized by the Act to finance and refinance health facilities
by the issuance of bonds for the purpose of paying all or any portion of the costs of any
"project," as defined in the Act, or refunding bonds or other obligations previously issued for
that purpose.
(C) Miami Jewish Health Systems, Inc. ("MJFIS"). a Florida not -for -profit
corporation and a tax exempt entity under Section 501(c )(3) of the Internal Revenue Code of
1986. as amended (the .`Code"), has requested the Authority to issue its Health Facilities
t1 0-82e 3-O343j3/AMER! CAS
Revenue and Revenue Refunding Bonds (Miami Jewish Health Systems. Inc. Project)_ Series
2017 (the "Series 2017 Bonds"). in an aggregate principal amount of not exceeding $50,000.000,
in order to (i) refund the Authority's outstanding 1lealth Facilities Revenue Refunding Bonds
(Miami Jewish Horne and Ilospital for the Ailed. Inc. Project). Series 2005 (the Prior Bonds").
and thereby refinance the obligations of MJ1-IS (formerly known as Miami Jewish Home and
I-Iospital for the Aged. Inc.) under a Loan Agreernent between the Authority and WHS. (ii)
refinance a loan from SunTrust Bank to MJHS (such loan together with the Prior Bonds, the
.'Prior Debt"). (iii) pay a termination payment under an interest rate .swap lwreernent between
SunTrust Bank and MJHS, (iv) finance certain capital improvements at the main campus of
MJI-IS (the "New Money Portion"). (v) fund a debt service reserve fund for the Series 2017
Bonds, and (vi) pay certain costs of issuance of the Series 2017 Bonds.
(D) The proceeds of the Prior Debt financed and refinanced. and the proceeds of the
New Money Portion will finance. certain capital improvements to MJ%IS"s main campus
(collectively, the Financed Facilities").
(E) The Authority has on this date held a duly noticed public hearing pursuant to the
requirements of Section 147(f) of the Internal Revenue Code of 1986, as amended (the "Code"),
for the purpose of giving all interested persons an opportunity to express their views, either
orally or in writing, on the proposed issuance of the Series 2017 Bonds. A copy of the notice of
said public hearing, as published in The Miami Herald on November 17, 2016, is attached hereto
as Exhibit A. The Authority now desires to authorize the issuance of the Series 2017 Bonds
pursuant to this Resolution and to recommend that the City Commission approve the issuance of
the Series 2017 Bonds for purposes of Section 147(0 of the Code.
010-8283.0343/3/AMCR ICAS
(F) As required under the Enabling Resolution. on October 26. 2016. the Authority
through Squire Patton Boggs (US) 1.LP (..Bond Counsel"). solicited comments from the Health
Council of South Florida. Inc. (the " I-Iea1th Council"), with respect to the issuance of the Series
2017 Bonds for the purpose of refunding the Prior Debt.
(G) The Health Council responded in a letter dated November 1, 2016 that it did not
have any material concerns regarding such refunding transaction.
(I -I) There have been presented to the Authority at this meeting the forms of (i) a Loan
Agreement (the "Loan Agreement"). to be entered into by and between the Authority and MJHS:
(ii) an Indenture of Trust (the `Indenture"), to be entered into by and between the Authority and
The Bank of New York Mellon Trust Company. N.A., as lruslee (the "Trustee '), which includes
the form of Series 2017 Bonds; and (iii) a Bond Purchase Agreement (the "Purchase
Agreement"), to be entered into by and between the Authority and B.C. Ziegler and Company, as
representative of itself and SunTrust Robinson Humphrey. Inc, (collectively. the -Underwriters")
and approved by MJI-IS, all pertaining to the issuance and sale of the Series 2017 Bonds,
(I) In connection with the issuance of the Series 2017 Bonds by the Authority and the
loan of the proceeds thereof to MJHS, (i) pursuant to a Master Trust Indenture (the "Master Trust
indenture"), to be entered into by and among MJ1-IS. Miami Jewish Health Systems Foundation,
Inc.. Florida Pace Centers. Inc. and The Bank of New York Mellon Trust Company. N.A., as
master trustee (in such capacity, the "Master Trustee"), and a Supplemental Indenture Number 1,
to be entered into between MJHS and the Master Trustee, MJI-IS will issue an Obligation (as
defined in the Master Trust Indenture) (the "Series 2017 Note") securing the payment of the
Series 2017 Bonds. and (ii) MJHS will execute and deliver a Mortgage. Fixture Filing and
4
01O-8283-034 3/ 3/AM E R ICA S
Security Agreement to the Master Trustee securing the obligations under the Master Trust
Indenture.
(.1) IVIJ1-IS has represented and the Authority hereby finds and determines that:
(1) MJHS is a "health facility" as defined in Section 154.205(8),
Florida Statutes:
(2) Each of the Financed Facilities constitutes a -project." as defined in
Section 154.205(10). Florida Statutes. and in Section 159.27(5), Florida Statutes.
and a "health care facility" as defined in Section 159.27(16). Florida Statutes. and
the Financed Facilities are eligible for financing and refinancing under the Act;
(3) The Financed Facilities are for the benefit of the people of the
State. the South Florida area, fvliami-Dade County (the "County') and the City of
Miami_ Florida (the -'City..). and \yill improve the health and living conditions of
the population, will provide access to a health care facility to assist in the
development and maintenance of public health and will assist the State, the South
Florida area. the County and the City in providing the facilities and structures
needed by the community to accomplish the purposes of the Authority and the
Act:
(4) The Financed Facilities are appropriate to the needs and
circumstances of the City and shall make a significant contribution to the
economic growth and public health of the City, shall provide or preserve gainful
employment and shall serve a public purpose by advancing the economic
prosperity. public health and general welfare of the State of Florida and its people
as stated in Section 159.26, Florida Statutes;
O10-8283.t 3R3/3/AMERiCAs
(5) Adequate provision is made in the Loan Agreement for the
operation. repair and maintenance: of the Financed Facilities at the expense of
MJf1S and for the payment of principal of. premium. if any, and interest on the
Series 2017 Bonds;
(6) MJI-IS is financially responsible and fully capable and willing to
fulfill (a) its obligations under the Loan Agreement and other financink,
documents. including the obligation to pay loan payments in installments in the
amounts and at the times necessary to provide funds for the timely payment of the
Series 2017 Bonds and debt service thereon. (b) its obligation to operate. repair
and maintain the Financed Facilities at its own expense, and to serve the purposes
of the Act and (el all other responsibilities and obligations as may be imposed
under the Loan Agreement and other Financing documents. due consideration
having been given to the criteria specified in Section I59.29(2)Florida Statutes:
(7) The City and any other local agencies in the City have been and
ill be able to cope satisfactorily with the impact of the Financed Facilities and
will be able to provide, or cause to be provided when needed, the public facilities,
including utilities and public services, that will be necessary for the construction,
operation. repair and maintenance of the Financed Facilities on account of any
increases in population or other circumstances resulting therefrom;
(8) Adequate provision is made in the Loan Agreement fur the
payment by MJf-1S of the loan payments in installments sufficient to pav the debt
service thereon and other amounts required by the Loan Agreement and other
financing documents: and
010-8283-0343/3/AM ER ICA 5
(9) The costs to be paid from the proceeds of the Series 2017 Bonds
shall be costs of a "project- Nvithin the meaning of the Act; if applicable, all
certificates of need required for the Financed Facilities have been obtained or an
exemption therefrom has been obtained by MJHS.
(K) In connection with the sale of the Series 2017 Bonds. MJHS has requested that
the Authority enter into the Purchase Agreement under which the Authority will agree to sell all
(but not less than all) of the Series 2017 Bonds to the Underwriters at the purchase price
authorized therein. all on the basis of the representations and the terms and conditions set forth in
the Purchase Agreement.
(L) Pursuant to Section 218.385. Florida Statutes. as amended, the Authority hereby
approves a negotiated sale of the Series 2017 Bonds, based upon the following findings as to the
reasons requiring such negotiated sale:
(1) It is the general policy of the Authority that, subject to such requirements,
if any. as may be adopted from time to time by the Authority. the manner in which the
Series 2017 Bonds shall be sold, so long as complying with all applicable federal and
state statutes, shall be the prerogative of the owner of the project being financed or
refinanced with the proceeds of the Series 2017 Bonds. since the obligation for the
payment of the Series 2017 Bonds rests with such owner and neither the Authority, the
City. the County. the State of Florida nor any political subdivision thereof is responsible
for such repayment or any associated expense;
(2)
Because of the complex nature of the financing. the structure and timint
of the issuance of the Series 2017 Bonds require extensive planning. and it is
7
0IO-3283-0343/3/AMERICAS
impracticable for n1.I1-IS to engage in such planning within the time constraints and
uncertainties inherent in a competitive bidding process:
(3) The vagaries of the current and near future municipal bond market
demand that the Underwriters have the maximum time and flexibility to price and sell the
Series 2017 Bonds, in order to obtain the best interest rates available. There is
insufficient time to respond to favorable conditions by offering the Series 2017 Bonds for
competitive sale.
The Authority Nvill receive on or before the execution and delivery, on behalf of the
Authority, of the Purchase Agreement_ a disclosure statement from the Underwriters, setting
forth the information required by Section 218,385. Florida Statutes, as amended.
(M) A form of Preliminary Official Statement relating to the Series 2017 Bonds (the
..Preliminary Official Statement") has been prepared and presented to the Authority at this
meeting and it is desirable to approve the distribution and use thereof and to authorize the
execution and distribution of the final Official Statement,
(N) Based on the foregoing, the Authority desires to provide for the sale and issuance:
of the Series 2017 Bonds and the execution of certain documents in connection therewith. as
provided in this Resolution.
SECTION 2, Definitions. All capitalized terms used herein. which are not otherwise
defined herein. shall have the meanings specified in the Loan Agreement. unless the context
otherwise requires. "Chair„ means the Chair of the Authority or. in the absence or inability to
act of the Chair, the Vice Chair of the Authority.
SECTION 3. Issuance and Terms of the Series 2017 Bonds, The Authority hereby
authorizes the issuance, sale, execution and delivery of the Series 2017 Bonds in the total
8
010.828 3-0343/3/A M E HI CAS
aggregate principal amount not to exceed $50,000,000 for the puiposes described in Section I(C)
above. The Series 2017 Bonds shall he designated "City of Miami. Florida Health Facilities
Authority Health Facilities Revenue and Revenue Refunding Bonds (Miami Jewish Health
Systems. Inc. Project). Series 2017". The Series 2017 Bonds shall be in such aggregate principal
amount. shall be dated. shall mature on such date or dates in such year or years. not later than the
year 2046, shall bear interest at such fixed rate or rates as provided for in the Indenture. payable
on such dates and shall he subject to mandatory and/or optional redemption. all as is determined
and established in the Indenture and the Purchase Agreement. The Chair is hereby authorized to
approve, on behalf of the Authority, such principal amount (within the limitations herein
provided), such date of the Series 2017 Bonds, such maturity date or dates. such interest rate or
rates, such interest payment dates and such mandatory and/or optional redemption provisions,
such approval to be conclusively evidenced by the execution and delivery of the Indenture. The
Series 2017 Bonds shall be issued as fully registered bonds. initially in book -entry only loan as
provided in the Indenture, in the denominations and the form provided for in the Indenture, with
such appropriate variations, omissions or insertions as are permitted or required by the Indenture
and with such other changes as shall be approved by the Chair after consultation with Bond
Counsel and the City Attorney, such approval to be established by his or her execution thereof,
and may have endorsed thereon such legends or text as may be necessary or appropriate to
conform to any applicable rules and regulations of any governmental authority or any usage or
requirement of law with respect thereto. The execution and delivery of the Series 2017 Bonds
substantially in the form mentioned above is hereby authorized, and the execution of the Series
2017 Bonds lbr and on behalf of the Authority vvith a facsimile or manual signature by the Chair,
with the official seal of the Authority impressed or imprinted thereon and attested with a
0]0.8283-0343/3/AMERICAS
facsimile or manual signature by the Secretary or an Assistant Secretary of the :Authority-. are
hereby authorized and shall be conclusive evidence of any such approval.
The Series 2017 Bonds and principal of, premium. if any, and interest thereon shall he
payable solely from the sources specified therein and in the Indenture. The Series 2017 Bonds
shall be limited and special obligations of the Authority. as required by the Act and as stated in
the Series 2017 Bonds and in the Indenture, The Series 2017 Bonds and the debt service thereon
shall not be deemed to constitute a debt, liability, obligation or a pledge of the faith and credit or
taxing power of the City or of the State of Florida or any political subdivision thereof within the
meaning of any constitutional. legislative or charter provision or limitation and the registered
owners of the Series 2017 Bonds shall never ha%e the right, directly or indirectly. t0 require or
compel the exercise of the taxing power of the City, of the State of Florida or any political
subdivision thereof or taxation in any firm on any real or personal property for the payment of
the principal of. premium, if any. or interest on the Series 2017 Bonds or for the payment of any
other amounts provided in this Resolution or in the Indenture. The Authority has no taxing
power. Neither the Authority. the City. the County nor the State of Florida or any political
subdivision thereof. shall be obligated to pay the principal of or the premium. if any. or the
interest on the Series 2017 Bonds. except the Authority's obligation to pay the same solely from
the sources provided in the Indenture.
SECTION 4. Appointment of Trustee and Approval of the Form and Authorization of
Execution and Delivery of the Indenture. The Bank or New York Mellon Trust Company. N.A.,
a national banking association organized and existing under the laws of the United States of
America. is hereby designated to serve as Trustee under the Indenture. The execution and
delivery of the Indenture by and between the Authority and the Trustee is hereby authorized and
10
❑lO-32s 3-U34 3/3/AM ER ICAS
approved. The Indenture shall be executed by and on behalf of the Authority by the Chair with
the official seal of the Authority impressed thereon and attested by the Secretary or any Assistant
Secretar of the Authority in substantially the form presented to the Authority at this meeting.
subject to such changes, insertions and omissions and such filling in of blanks therein as
hereafter may be approved and made therein upon the advice of Bond Counsel or the Cite
Attorney and which shall be approved by the Chair. ith the execution of the Indenture by the
Chair being conclusive evidence of the approval of any such changes, insertions. emissions or
filling in of blanks.
SECTION 5. Authentication of the Series 2017 Bonds, The Series 2017 Bonds, upon
their execution substantially in the form and manner set forth in the Indenture. shall be delivered
to the Trustee for authentication. and the Trustee is hereby authorized and directed to
authenticate and to deliver the Series 2017 Bonds to or upon the order- of the Underwriters- upon
payment of the purchase price therefor. all as more fully provided in. and subject to the terms
and conditions of. the Purchase Agreement and the Indenture.
SECTION 6. Approval of the Form and Authorization of Execution and Delivery of the
Loan Aueement. The execution and delivery of the Loan Agreement by and between the
Authority and i1VIJI-IS is hereby authorized and approved. The Loan Agreement shall be executed
by and on behalf of the Authority by the Chair with the official seal of the Authority impressed
thereon and attested by the Secretory- or any Assistant Secretary, in substantially the form
presented to the Authority at this meeting. subject to such changes. insertions. omissions and
such filling in of blanks therein as hereafter may be approved and made therein upon the advice
of Bond Counsel or the City Attorney and which shall be approved by the Chair, with the
010-8283-0343/3/AMERICA5
execution of the Loan Agreement by the Chair being conclusive evidence of the approval of any
such changes. insertions. omissions or filling in of blanks,
SECTION 7. Use of Proceeds, All proceeds received from the sale of the Series 2017
Bonds are to be loaned to MJI-IS pursuant to the terms or the Loan Agreement and deposited and
used as provided for in the Loan Agreement and the Indenture.
SECTION 8, Award of the Series _2017 Bonds and Approval of the Font' and
Authorization of the Execution and Delivery of the Purchase Agreement. The Authority hereby
approves the form of the Purchase Agreement, substantially in the form presented to the
Authority at this meeting with such additions and completions as may be approved upon the
advice of Bond Counsel or the City Attorney by the Chair and authorizes and approves the sale
of the Series 2017 Bonds to the Underwriters. at the purchase price and upon the terms and
conditions set forth herein and/or- in the Purchase Agreement, Upon compliance by the
Underwriters with the requirements of Section 218.385(6). Florida Statutes, the Chair is hereby
authorized to execute and deliver and each of the Secretary or Assistant Secretary, is authorized
to seal and attest the Purchase Agreement, in the form attached hereto, subject to such insertions.
modifications, changes, and such filling in of blanks therein upon the advice of Bond Counsel or
the City Attorney as are necessary to evidence the terms of the Series 2017 Bonds; provided that
the principal amount of the Series 2017 Bonds shall not exceed $50,000,000. the Underwriters'
fee and expenses (or discount) shall not be more than two percent (2%) of the principal amount
of the Series 2017 Bonds. any optional redemption prices shall not exceed one hundred four
percent (104%) of the principal amount of the Series 20] 7 Bonds to be redeemed. the mandatory
redemption price shall not exceed one hundred percent (100 /) of the principal amount of the
Series 2017 Bonds to be redeemed and the final maturity' of the Series 2017 Bonds shall be not
12
010-R 2834334 3/3 /AM ER1 [AS
Iater than the year 20-16. The execution and delivery of the Purchase Agreement by the Chair
and the attestation and sealing thereof by the Secretary or Assistant Secretary shall beconclusive
evidence of the Authority's approval of any such insertions, modifications and changes or filing
in of blanks.
SECTION 9. Approval of the Form and Distribution of the Preliminary Official
Statement and the Execution and Delivery of the Official Statement. The Authority has been
presented with a form of Preliminary Official Statement relating to the sale of the Series 2017
Bonds. The distribution and use of the Preliminary Official Statement for the Series 2017 Bonds
in substantially the form presented to the Authority at this meeting in connection with the sale of
the Series 2017 Bonds is hereby authorized and approved. The Chair is hereby authorized to
"deem final" the Preliminary Official Statement for purposes of Securities and Exchange
Commission Rule 15c2-12. A final Official Statement relating to the Series 2017 Bonds shall be
prepared in substantially the form of the Preliminary Official Statement, with such changes as
shall be necessary to conform to this Resolution and the Purchase Agreement, including the
insertion of information regarding the offering price or prices, interest rate or rates, selling
compensation. amount of proceeds. delivery date and other terms depending on such factors and
with such other changes, including changes in financial data. modifications, deletions and
additions as may be required or deemed necessary by Bond Counsel, the City Attorney or the
Under -niters or their counsel and approved by the Chair (which approval shall be conclusively
presumed from the execution thereof). The Chair is hereby authorized to execute and deliver the
final Official Statement and is further authorized to execute any supplemental Official Statement
if deemed necessary by, the Underwriters or the aforesaid counsel to reflect any such changes.
The Authority has not confirmed, and assumes no responsibility for. the accuracy. sufficiency or
13
0l0.8283-0 34 3 / 3/A M E R ICAs
fairness ofany statements in the Preliminary Official Statement or the final Official Statement or
any supplements thereto. other than statements and information therein relating. to the Authority
under the headings '-THE ISSUER,"" "DISCLOSURE REQUIRED BY FLORIDA BLUE SKY
REGULATIONS — issuer" and "LITIGATION — Issuer."
SECTION 10. Actions: Authorization of Further Actions.
(a) All actions of officers. employees. agents and officials of the Authority taken in
conformity with the purposes and intent of this Resolution and in furtherance of the issuance and
sale of the Series 2017 Bonds are hereby ratified. approved and confirmed. The officers,
officials, agents and employees of the Authority are hereby authorized and directed to take such
further actions in conformity with the purposes and intent of this Resolution and in furtherance
of the issuance and sale of the Series 2017 Bonds as may be necessary or desirable. Such
officers. officials, agents and employees of the Authority are hereby authorized and directed to
execute all other documents and closinLcertificates relating to the issuance of the Series 2017
Bonds and the application of the proceeds thereof, including, but not limited to (i) an assignment
of the Series 2017 Note to the Trustee. and (ii) a Tax Certificate and Agreement and a Form
8038, each of which shall be based on the relevant information provided by the Underwriters,
MJHS and other parties. Such documents and certificates shall be in such forms as are approved
by Bond Counsel.
(b) Each official of the Authority is further authorized to make or effect, at the
request of MJHS, any election. selection_ choice, consent. approval. or waiver on behalf of the
Authority upon the advice of Bond Counsel with respect to the Series 2017 Bonds as the
Authority is permitted or required to snake or give under the federal income tax laws (including
any one or more elections permitted by the provisions of Section 148 of the Code to be made by
14
I OA283.034 3/3/A M ER ICAS
the Authority prior to or after the issuance of the Series 2017 Bonds). for the purpose ofassuring.
enhancing or protecting favorable tax treatment or characterization of the Series 2017 Bonds or
interest thereon or assisting compliance with requirements for that purpose. reducing the burden
or expense of such compliance, reducing the amount of rebate payments. penalties or other
payments wider Section 148 of the Code. or obviating such amounts or payments, as determined
by such official upon the advice of Bond Counsel. Anv such action of such official or officer
shall be in writing (and may be included in the Authority's Tax Certificate and Agreement) and
signed by such official. and if required by the Code or Treasury Regulations shall be fled in
accordance therewith.
SECTION 11. Expenses of Financing. The Authority shall not be obligated to pay any
costs or expenses relating to the financing herein authorized. and all such costs and expenses
shall be paid by MJI-1S out of proceeds of the. Series 2017 Bonds if and when issued or from
other funds of MJHS, The adoption of this Resolution shall not impose any financial liability on
the Authority to MJHS or to any other person or legal entity, The Authority designates Squire
Patton Boggs (US) LLP to serve as Bond Counsel to the Authority in connection with the Series
2017 Bonds and consents to the designation by MJHS of the Underwriters and the Trustee.
MJI-IS shall be solely responsible for the fees and expenses of the foregoing persons, provided
that. subject to any limitations imposed by federal tax law. initial fees and expenses may be paid
from Bond proceeds.
SECTION 12. Redemption of Prior Bonds; Notice of Redemption. The Authority
hereby authorizes and directs The Bank of New York Mellon -Trust Company. N.A., as trustee
for the Prior Bonds (the "Prior Bonds Trustee") to send a notice of redemption as required by the
indenture of trust pursuant to which the Prior Bonds were issued and hereby authorizes and
15
410.$ 2$3-O34313/AMf RICAs
directs the Prior Bonds Trustee to redeem on such date as authorized under the indenture of trust
pursuant to which the Prior Bonds were issued. the Prior Bonds from the proceeds of the Series
2017 Bonds or other amounts made available therefor. The aforementioned notice of redemption
may be conditioned upon the receipt of sufficient proceeds of the Series 2017 Bonds to pay the
redemption price of the Prior Bonds.
SECTION 13. Recommendation of Approval of Series 2017 Bonds. The Authority
hereby recommends that the City Commission approve the issuance of the Series 2017 Bonds for
purposes of Section 147(1) of the Code.
SECTION 14. Severability, In case any section or provision of this Resolution, or any
covenant, agreement. stipulation, obligation. act or action, or part thereof, made, assumed,
entered into or taken under this Resolution, or any application thereof. is held to be illegal or
invalid fir any reason. or is inoperable at any time, that illegality. invalidity or inoperability
shall not affect the remainder thereof or any other section or provision of this Resolution, all of
which shall be construed and enforced at the: time as if the illegal, invalid or inoperable portion
were not contained therein. Any illegality, invalidity or inoperability shall not affect any legal.
valid and operable section. provision. covenant, agreement, stipulation, obligation. act. action.
part or application- all of which shall be deemed to be effective, operative. made, assumed.
entered into or taken in the manner and to the full extent permitted by law from time to time.
SECTION 15. Governing Law. The Series 2017 Bonds are to be issued and this
Resolution is adopted under. and all documents. instruments and ccrtilicates described herein and
necessary for issuance of the Series 2017 Bonds, shall be executed and delivered or accepted. as
the case may be. in accordance with and governed by the laws ofthe State of Florida.
16
O1O82$3.3343/3/RM ERICAS
SECTION 16. Effective Date, This Resolution shall become effective immediately
upon its adoption.
PASSED AND ADOPTED this 2nd day of December. 2016.
[SEAL]
Attest:
Bv:
Secretary -
Approved b\ the City Attorney as to form
and correctness:
By:
Victoria Mendez, City Attorney
17
CITY OF MIAMI, FLORIDA HEALTH
FACILITIES AUTHORITY
Chair
010-8283-0343/3/AMERICA5
EXHIBIT A
TEFRA NOTICE
A-1
C1O-8283.6343/3JAMERICAS
rJ , sl.' t n
L:
!hi
MEDIA COMPANY
PUBLISHED DAILY
MIAMI-DADE-FLORIDA
STATE OF FLORIDA
COUNTY OF MIAMI.flAD1
Before the undersigned authority personally.
appeared:
JEANNETTE MARTINE .
who on oath says Mat h'she is
CUSTODIAN OF RECORDS
of The Miami I leiald, a daily newspaper published at
M4liarni in Miami -Dade County. Florida: that the attached
copy of advertisement that was published was published in said
newspaper in the issue of.
era)
Miami Herald AIM 0002787293-01 November 17tch 2016
Afliant further says that the said -rhe 11/liainj Herald
is a newspaper published at Miami, in the said Miami -Dade
County. Florida and that Ilse said newspaper has
heretofore been continuously published in said Dade
County. Florida each days and has been entered as
second class mail matter at the post office in Miami,
in said Miami -Dade County, Florida, for a period of one
year i)ext preceding tiac first publication of the
attached copy of advertisement; and atrium further
says that he has neither paid nor promised any,
person, firm or corporation any discount. rebate,
commission or refund for the purpose of securing
this advertisement for publication in the said
ncwspapers(s).
•
_
Sworn to and subscribed belies. Dale tli ;
1st, day of December, 20115
My Commission
Expires; April? I'i', 2017
M, Charles.
Notary.
Jackson, Robin Jones
From: Soto, B. Lori
Sent: Thursday, November 17, 2016 9:10 AM
To: Blanco, Armando; Jackson, Robin Jones
Subject: FW: E-Tearsheet notification (CITY OF MIAMI FINANCE DEPT for 11/17/2016)
FYI
Lori Soto
:•-i-itant et} the t'irc.tor, PelNarment Financu
City- of \ Liaini
444 S\V 2,d Avenue, {;F oor
Miami, FL 33130
Phonc (305) 416 1343
Entail lorisotoPmiamiaoe .cone
From: etearsheet@olivesoftware.com [rnaiito:etearsheetCa olivesoftware.com)
Sent: Thursday, November 17, 2016 9:04 AM
To: Soto, B. Lori
Subject: E-Tearsheet notification (CITY OF MIAMI FINANCE DEPT for 11(17/2016)
Your Tear -sheet is ready!
Good Morning! This email will allow you access to the Olive electronic tearsheet program. Cfick on the link below for
publication confirmation and tearsheets of the ads placed in today's newspapers (11/17/2016).
CITY OF MIAMI FINANCE DEPT (Advertiser [D: 557120 . Ad Number: 2787293-0I )•
MIA- Miami Herald
CITY OF MIAMI FINANCE DEPT 1 557120
ActiveTearsheet Interface Link
Your login Information matches your account number.
()cal State
• ro10/14
A former local radio voice
is going national on NPR
• k.•• rk r • ••
4 Ulu!, 14
!DONATE YOUR CA -RP
itheeis For
ftishes,.. ,
make -A -wish, -,-
Southern Florida• It v.4,1°
Cerli• i 303.1 9/-0 VW Wh.ell.ForWesk,...org
Fart Laudarclitto
YOUR ROME'
SHOP !Mils Of PRODUCTS
& OMB Alt OHM ONE Riglf
OPENS TOMORROW!
SAYf 0IhI4F 1UEPRUCUC'.
- Wilt
,,
.
19111111ft9
411, Sre.11,1 I L441,fi 01 1.5 aV URI [JAW Sign Mali
fiCJUJ ril Aving' *11.111111,11N1
SAVE S3 EINUN[ TODAY!
up) q.2 IS.ftmeit .-ILV t..VA
www.homeshows.net
D
• Rncrat;va
Amtwerettp. ititruVan
• • , I
N I
hu+, I...s-
r
• .•
40,11,1
iLi1.1
.......41-1
tbminc••••
Pomicaneehl,
*mem*
"4:17. Sri=
.111 •••
k •
4.10egir,i111441r
Miami %%ill feel !culler:mires
in the ls (his t‘yekend
'Fcei the Difference
Joins with Arthritis and Pain Clinics
fall us for o second opinion on your Pain.
Free Examination!
305 851 6911
Kendall - Flagler
Miami Lakes
Pembroke Pines
Raferel Roy
Cl
t I L.I. L
L. al Le, ItiL I
^ • ,
( IN• Of 111‘111.1,11 0101)1 iii: ‘I ‘1 II II If. s ‘i IlilIki I '1
PI RI (11 11.114.1.111.
N.11114 1 4111 14414 I.114 N. ,
I. I •11....4.
SUBSTITUTED.
EXHIBIT B
RESOLUTION 16-02 OF AUTHORITY
(Draft attached for purposes of City Commission Agenda Print Deadli e and the final
Resolution 16-02 adopted by the Authority to be distributed separates • y HFA Staff after
the HFA's December 2"`' meeting)
J)L; F r
beci FT
RESOLUTION NO. 16-02
SUBSTITUTED.
D
TH
2017
NOT
IONS OF
PTER 159,
FOR THE
17 BONDS TO
TO (i) REFUND
TH FACILITIES
ISH HOME AND
). SERIES 2005 (THE
REFINANCE THE
OWN AS MIAMI JEWISH
D, INC.) UNDER A LOAN
HORITY AND MJHS, (ii)
ST BANK TO MJHS, (iii) PAY
ER AN INTEREST RATE SWAP
RUST BANK AND MJHS. (iv)
IMPROVEMENTS AT THE MAIN
A DEBT SERVICE RESERVE FUND
DS, AND (vi) PAY CERTAIN COSTS OF
S 2017 BONDS; APPROVING THE FORM
G THE EXECUTION, AUTHENTICATION
HE SERIES 2017 BONDS; APPROVING THE
IZING THE EXECUTION AND DELIVERY OF
OF TRUST AND A LOAN AGREEMENT:
FORM AND AUTHORIZING THE EXECUTION
OF A BOND PURCHASE AGREEMENT FOR THE
E SERIES 2017 BONDS TO THE UNDERWRITER:
FOR THE AWARD AND SALE OF THE SERIES 2017
0 THE UNDERWRITER; PROVIDING FOR CERTAIN
AND PROVISIONS OF THE SERIES 2017 BONDS;
ATING CERTAIN MATTERS IN CONNECTION WITH THE
ANCE OF THE SERIES 2017 BONDS TO THE CHAIR OR VICE
AIR OF THE AUTHORITY; AUTHORIZING THE DISTRIBUTION
ND USE OF A PRELIMINARY OFFICIAL STATEMENT AND THE
EXECUTION AND DISTRIBUTION OF A FINAL OFFICIAL
STATEMENT; DESIGNATING THE BANK OF NEW YORK
MELLON TRUST COMPANY, N.A. AS TRUSTEE; APPROVING B.C.
ZIEGLER AND COMPANY AS UNDERWRITER; AUTHORIZING
OTHER DOCUMENTS, CERTIFICATES, INSTRUMENTS AND ACTS
A RESOLUTION OF THE CITY OF MIAMI, FLORIDA HEALTH
FACILITIES AUTHORITY AUTHORIZING THE ISSUANCE AND
NEGOTIATED SALE OF CITY OF MIAMI, FLORIDA HEALT
FACILITIES AUTHORITY HEALTH FACILITIES REVENUE
REVENUE REFUNDING BONDS (MIAMI JEWISH HE
SYSTEMS, INC. PROJECT), SERIES 2017 (THE "SER1E
BONDS") IN AN AGGREGATE PRINCIPAL AMOU
EXCEEDING $5OE000,000 PURSUANT TO THE PROV
PART III OF CHAPTER 154 AND PART II OF C
FLORIDA STATUTES, AS AMENDED: PROVIDI
LENDING OF THE PROCEEDS OF THE SERIES
MLAMI JEWISH HEALTH SYSTEMS. INC. ("MJHS
THE AUTHORITY'S OUTSTANDING HE
REVENUE REFUNDING BONDS (MIAMI J
HOSPITAL FOR THE AGED. INC. PROJEC
"PRIOR BONDS"), AND THEREB
OBLIGATIONS OF MJHS (FORMERLY
HOME AND HOSPITAL FOR THE A
AGREEMENT BETWEEN THE A
REFINANCE A LOAN FROM SUNT
A TERMINATION PAYMENT U
AGREEMENT BETWEEN S
FINANCE CERTAIN CAPIT
CAMPUS OF MJHS, (v) F
FOR THE SERIES 2017 BO
ISSUANCE OF THE SER
OF AND AUTHORIZI
AND DELIVERY OF
FORM AND AUTH
AN i[NDENTUR
APPROVING T
AND DELIVE
SALE OF T
PROVID
BONDS
TERM
DEL
ISS
C
O 10-8 283-034 3/ 2 /AM E RICAS
SUBSTITUTED.
1)61 F
NECESSARY TO EFFECTUATE THE ISSUANCE AND SALE
THE SERIES 2017 BONDS AND OTHER MATTERS IN
CONNECTION THEREWITH: AUTHORIZING THE REDEMP ION
OF THE PRIOR BONDS AND PROVIDING FOR A NOT . E OF
REDEMPTION; RATIFYING, CONFIRMING AND APPOVING
ACTIONS OF THE AUTHORITY; RECOMMENDING TO HE CITY
COMMISSION OF THE CITY OF MIAMI APPRO\'. OF THE
ISSUANCE OF THE SERIES 2017 BONDS FOR P RPOSES OF
SECTION l47(t} OF THE INTERNAL REVENUE CO E OF 1986. AS
AMENDED: PROVIDING FOR SEVERABI Y AND AN
EFFECTIVE DATE.
BE IT RESOLVED BY THE CITY OF M1AMI, LORIDA HEALTH FACILITIES
AUTHORITY, AS FOLLOWS:
SECTION 1. Recitations and Findings.
(A) the City of Miami, Florida Healt Facilities Authority (the "Authority") was
created by Resolution No. 79-93, adopted on •-bruary 22, 1979 by the City Cominission of the
City of Miami, Florida (the "City Commis • on"), as amended by Resolution No. 79-330 adopted
on May 22, 1979 by the City Commis on (collectively, the "Enabling Resolution"), by the City
Commission pursuant to Part III . Chapter 154. Florida Statutes, as amended, known as the
Health Facilities Authorities L
This Resolution is adopted pursuant to the provisions of said
Health Facilities Authoriti=s Law and Part II of Chapter 159, Florida Statutes, as amended
(together, the "Act'). a : other applicable provisions of law.
(B) The • uthority is authorized by the Act to finance and refinance health facilities
by the issuane of bonds for the purpose of paying all or any portion of the costs of any
"project." defined in the Act, or refunding bonds or other obligations previously issued for
that pu nose.
(C) Miami Jewish Health Systems, Inc. ("MJHS"), a Florida not -for -profit
corporation and a tax exempt entity udder Section 501(c)(3) of the Internal Revenue Code of
1986, as amended (the "Code"), has requested the Authority to issue its Health Facilities
010-8283-0343/W/AMERICAS
'SUBSTITUTED.
Revenue and Revenue Refunding Bonds (Miami Jewish Health Systems, [nc. roject), Series
2017 (the "Series 2017 Bonds"), in an aggregate principal amount of not exce ding $50,000,000,
in order- to (i) refund the Authority's outstanding Health Facilities Rev; ue Refunding Bonds
(Miami Jewish Horne and Hospital for the Aged, inc. Project), Serie 2005 (the Prior Bonds"),
and thereby refinance the obligations of MJHS (formerly know ' as Miami Jewish Home and
Hospital for the Aged. Inc.) under a Loan Agreement hen v en the Authority and MJHS, (ii)
refinance a loan from SunTrust Bank to MJHS (such lo.n together with the Prior Bonds. the
"Prior Debt"). (iii) pay a termination payment under . 1 interest rate swap agreement between
SunTrust Bank and MJHS, (iv) finance certain ►dpital improvements at the main campus of
MJHS (the "New Money Portion"), (v) fun. a debt service reserve fund for the Series 2017
Bonds. and (vi) pay certain costs of issuan►- of the Series 2017 Bonds.
(D) The proceeds of the P `.r Debt financed and refinanced, and the proceeds of the
New Money Portion will finan certain capital improvements to MJHS's main campus
(collectively, the "Financed Far lities").
(E) The Autho ' v has on this date held a duly noticed public hearing pursuant to the
requirements of Sectio. 147(f) of the internal Revenue Code of 1986, as amended (the "Code"),
for the purpose of giving all interested persons an opportunity to express their views, either
orally or in wri ng, on the proposed issuance of the Series 2017 Bonds. A copy of the notice of
said public searing, as published in The Miami Herald on November 17, 2016, is attached hereto
as Exh .it A. The Authority now desires to authorize the issuance of the Series 2017 Bonds
pur: Cant to this Resolution and to recommend that the City Commission approve the issuance of
e Series 2017 Bonds for purposes of Section 1470) of the Code.
010-8283.034 3/2/AM E R ICAS
SUBSTITUTED.
1eRFT
(F) As required under the Enabling Resolution, on October 26_ 201
Authority
through Squire Patton Boggs (US) LLP ("Bond Counsel"), solicited conunen fi-oin the Health
Council of South Florida, Inc. (the "Health Council"), with respect to the "ssuance of the Series
2017 Bonds for the purpose of refunding the Prior Debt.
(G) The Health Council responded in a letter dated No .mber 1, 2016 that it did not
have any material concerns regarding such refunding transactio
(H) There have been presented to the Authority this meeting the fonns of (i) a Loan
Agreement (the "Loan Agreement"), to be entered into y and between the Authority and MJHS:
(ii) an Indenture of Trust (the "Indenture"), to be e tered into by and between the Authority and
The Bank of New York Mellon Trust Compan , N.A.. as trustee (the "Trustee"). which includes
the form of Series 2017 Bonds; and ii) a Bond Purchase Agreement (the "Purchase
Agreement"), to be entered into by and etween the Authority and B.C. Ziegler and Company, as
underwriter (the "Underwriter") anaccepted by MJHS, all pertaining to the issuance and sale of
the Series 2017 Bonds.
(I) In connection with the issuance of the Series 2017 Bonds by the Authority and the
loan of the proceeds the of to MJHS, (I) pursuant to a Master Trust Indenture (the "Master Trust
Indenture"), to he e► ered into by and among MJHS, Miami Jewish Health Systems Foundation,
Inc.. Florida P { e Centers, Inc, and The Bank of New York Mellon Trust Company, N.A., as
master trust (in such capacity, the "Master Trustee"), and a Supplemental Indenture Number 1,
to be et ered into between MJHS and the Master Trustee, MJHS will issue an Obligation (as
defied in the Master Trust Indenture) (the "Series 2017 Note") securing the payment of the
Series 2017 Bonds. and (ii) MJHS will execute and deliver a Mortgage, Fixture Filing and
4
030-82B3-034 3'2/AM ERICA S
SUBSTITUTED.
D rFT
Security Agreement to the Master Trustee securing the obligations under t1 Master Trust
indenture.
(J) MJFIS has represented and the Authority hereby finds and etermines that:
(1)
MJHS is a "health facility" as defit -d in Section 154.205(8),
Florida Statutes;
(2) Each of the Financed Facilities onstitutes a "project" as defined in
Section 154.205(10). Florida Statutes, an in Section 159.27(5), Florida Statutes,
and a "health care facility" as defined Section 159.27(16), Florida Statutes, and
the Financed Facilities are eligible or financing and refinancing under the Act;
(3) The Financed racilities are for the benefit of the people of the
State, the South Florida ar-a, Miami -Dade County (the "County") and the City of
Miami, Florida (the "► ty"), and will improve the health and living conditions of
the population,
1 provide access to a health care facility to assist in the
development a d maintenance of public health and will assist the State, the South
Florida ar:, the County and the City in providing the facilities and structures
neede• .y the community to accomplish the purposes of the Authority and the
A
(4) The Financed Facilities are appropriate to the needs and
circumstances of the City and shall make a significant contribution to the
economic g wth and public health of the City, shall provide or preserve gainful
employment and shall serve a public purpose by advancing the economic
prosperity, public health and general welfare of the State of Florida and its people
as stated in Section 15926, Florida Statutes;
5
I) F
01G-8283-0343f2/AMERI CAS
SUBSTITUTED.
Dgh FT
(5) Adequate provision is made in the Loan Agree .ent for the
operation, repair and maintenance of the Financed Facilities a the expense of
M,ll-IS and for the payment of principal ofpremium, if any and interest on the
Series 2017 Bonds:
(6) MJHS is financially responsible and illy capable and willing to
fulfill (a) its obligations under the Loan A
eernent and other financing
documents, including the obligation to pay an payments in installments in the
amounts and at the times necessary to pro ide funds for the timely payment of the
Series 2017 Bonds and debt service ereon. (b) its obligation to operate, repair
and maintain the Financed Facilit' s at its own expense, and to serve the purposes
of the Act and (c) all other r sponsibilities and obligations as may be imposed
under the Loan Agreein- t and other financing documents, due consideration
having been given to e criteria specified in Section 159.29(2), Florida Statutes:
(7) Th. City and any other Iocal agencies in the City have been and
will be able t. cope satisfactorily with the impact of the Financed Facilities and
will be ab to provide, or cause to be provided when needed, the public facilities,
includ' g utilities and public services, that will be necessary for the construction,
op ation, repair and maintenance of the Financed Facilities on account of any
icreases in population or other circumstances resulting therefrom;
(8) Adequate provision is made in the Loan Agreement For the
payment by MJHS of the loan payments in installments sufficient to pay the debt
service thereon and other amounts required by the Loan Agreement and other
financing documents; and
DkilFr
6
O10.8283.0343/2/AMERICAS
SUBSTITUTED.
(9)
1 ? FT
The costs to be paid from the proceeds of the Series 20 7 Bonds
shall be costs of a "project" within the meaning of the Act;. if a •licable, all
certificates of need required for the Financed Facilities have be obtained or an
exemption therefrom has been obtained by MJHS.
(K) In connection with the sale of the Series 2017 Bonds. .11-1S has requested that
the Authority enter into the Purchase Agreement under which the A..thority will agree to sell all
(but not less than all) of the Series 2017 Bonds to the Unerwriter at the purchase price
authorized therein, all on the basis of the representations and e terms and conditions set forth in
the Purchase Agreement.
(L) Pursuant to Section 218.385. Florida tatutes, as amended. the Authority hereby
approves a negotiated sale of the Series 2017 Bo ds, based upon the following findings as to the
reasons requiring such negotiated sale:
(1 ) It is the general p ticy of the Authority that, subject to such requirements.
if any, as may be adopted fi=. n time to time by the Authority, the manner in which the
Series 2017 Bonds shall •e sold, so long as complying with all applicable federal and
state statutes, shall the prerogative of the owner of the project being financed or
refinanced with e proceeds of the Series 2017 Bonds, since the obligation for the
payment of t Series 2017 Bonds rests with such owner and neither the Authority, the
City, the ounty. the State of Florida nor any political subdivision thereof is responsible
for su' i repayment or any associated expense:
(2) Because of the complex nature of the financing, the structure and timing
of the issuance of the Series 2017 Bonds require extensive planning, and it is
7
F r
alo-us 3.63I3/ 2/A M ER !CAS
SUBSTITUTED.
impracticable for MJHS to engage in such planning within the tiInc constraints and
uncertainties inherent in a competitive bidding process;
(3) The vagaries of the current and near future niunicip., bond market
demand that the Underwriter have the maximum time and flexibility o price and sell the
Series 2017 Bonds, in order to obtain the best interest rat. available. There is
insufficient time to respond to favorable conditions by offeri the Series 2017 Bonds for
competitive sale.
The Authority will receive on or before the execu 'on and delivery, on behalf of the
Authority, of the Purchase Agrreereat. a disclosure state ent from the Underwriter, setting forth
the information required by Section 218.385, Florida statutes, as amended.
(M) A form of Preliminary Official S etement relating to the Series 2017 Bonds (the
"Prelirnintfry Official Statement") has beei prepared and presented to the Authority at this
meeting and it is desirable to approve ie distribution and use thereof and to authorize the
execution and distribution of the f rr,a i fficial Statement.
(N) Based on the fore i.ng, the Authority desires to provide for the sale and issuance
of the Series 2017 Bonds a + the execution of certain documents in connection therewith, as
provided in this Resolutio
SECTION 2. Iefinitions. Al] capitalized terms used herein, which are not otherwise
defined herein, s 11 have the meanings specified in the Loan Agreement, unless the context
otherwise re • . ires. "Chair" means the Chair of the Authority or, in the absence or inability to
act of the hair, the Vice Chair of the Authority.
SECTION 3. Issuance and Terms of the Series 2017 Bonds. The Authority hereby
authorizes the issuance, sale, execution and delivery of the Series 2017 Bonds in the total
8
010,82 E3.0343/2/A ME IuCAS
SUBSTITUTED.
aggregate principal -amount not to exceed S50.000,000 for the purposes described in Section 1(C)
above. The Series 2017 Bonds shall be designated "City of Miami, Florida Health Facilities
Authority Health Facilities Revenue and Revenue Refunding Bonds (Miami Je ish Health
Systems. Inc. Project). Series 2017", The Series 2017 Bonds shall be in such ag egate principal
amount. shall be dated, shall nature on such date or dates in such year or yea _. not later than the
year 2046. shall bear interest at such fixed rate or rates as provided for i the Indenture, payable
on such dates and shall be subject to mandatory and/or optional reder ption, all as is detennined
and established in the Indenture and the Purchase Agreement. Tl Chair is hereby authorized to
approve, on behalf of the Authority, such principal aino nt (within the limitations herein
provided). such date of the Series 2017 Bonds, such ma ,city date or dates, such interest rate or
rates, such interest payment dates and such nandat► and/or optional redemption provisions,
such approval to be conclusively evidenced by th execution and delivery of the Indenture. The
Series 2017 Bonds shall be issued as fully re stered bonds, initially in book -entry only form as
provided in the Indenture, in the denomii •lions and the form provided for in the Indenture, with
such appropriate variations, omission or insertions as are permitted or required by the Indenture
and with such other changes as : -tall be approved by the Chair after consultation with Bond
Counsel and the City Attorne, such approval to be established by his or her execution thereof.
and may have endorsed ereon such legends or text as may be necessary or appropriate to
conform to any appli =ble rules and regulations of any governmental authority or any usage or
requirement of la with respect thereto. The execution and delivery of the Series 2017 Bonds
substantially i the form mentioned above is hereby authorized. and the execution of the Series
2017 Bonfor and on behalf of the Authority with a facsimile or manual signature by the Chair.
with t e official sea] of the Authority impressed or imprinted thereon and attested with a
9
O10-82113-O343/2/AMERlCA5
SUBSTITUTED.
D 1 FT
facsimile or manual signature by the Secretary or an Assistant Secretary of the Authority. are
hereby authorized and shall be conclusive evidence of any such approval.
The Series 2017 Bonds and principal of, premium, if any. and interest hereon shall be
payable solely from the sources specified therein and in the Indenture. Tl Series 2017 Bonds
shall he limited and special obligations of the Authority, as required b he Act and as stated in
the Series 2017 Bonds and in the Indenture, The Series 2017 Bond nd the debt service thereon
shall not be deemed to constitute a debt. liability, obligation or pledge of the faith and credit or
taxing power of the City or of the State of Florida or any p . tical subdivision thereof within the
meaning of any constitutional, legislative or charter p
owners of the Series 201 7 Bonds shall never hay
compel the exercise of the taxing power of th
vision or limitation and the registered
right, directly or indirectly. to require or
City. of the State of Florida or any political
subdivision thereof or taxation in any form .n any real or personal property for the payment of
the principal of. premium, if any, or inte -st on the Series 2017 Bonds or for the payment of any
other amounts provided in this Re +lution or in the Indenture. The Authority has no taxing
rkuvrAt
power. Neither the Authority. ie City. the -County nor the State of Florida or any political
subdivision thereof, shall bi obligated to pay the principal of or the premium, if any, or the
interest on the Series 20 Bonds, except the Authority's obligation to pay the same solely from
the sources provided i the Indenture.
SECTIO 4. Appointment of Trustee and Approval of the Form and Authorization of
Execution an Delive of the Indenture. The Bank of New York Mellon Trust Company. N.A.,
a nation banking association organized and existing under the laws of the United States of
Arne►"ca. is hereby designated to serve as Trustee under the Indenture. The execution and
delivery of the Indenture by and between the Authority and the Trustee is hereby authorized and
DAPFFT
10
010-8283.0343/2/AMERICAS
SUBSTITUTED.
»l�FtT`
approved. The Indenture shall be executed by and on behalf of the Authority by the Cha with
the official seal of the Authority impressed thereon and attested by the Secretary or an Assistant
Secretary of the Authority in substantially the form presented to the Authority a this meeting,
subject to such changes, insertions and omissions and such filling in of .tanks therein as
hereafter may be approved and made therein upon the advice of Bon Counsel or the City
Attorney and which shall he approved by the Chair, with the executi+ i of the Indenture by the
Chair being conclusive evidence of the approval of any such ch., Res, insertions, omissions or
Hine in of blanks.
SECTION 5. Authentication of the Series 2017 . nds. The Series 2017 Bonds, upon
their execution substantially in the form and manner s forth in the Indenture, shall be delivered
to the Tnistee for authentication, and the Ti .tee is hereby authorized and directed to
authenticate and to deliver the Series 2017 Bo :s to or upon the order of the Underwriter. upon
payment of the purchase price therefor, al as more fully provided in, and subject to the terms
and conditions of the Purchase Agrreei -nt and the Indenture.
SECTION 6. A iroval of re Form and Authorization of Execution and Deliver of the
Loan Agreement. The execu "on and delivery of the Loan Agreement by and between the
Authority and Mil -IS is her y authorized and approved. The Loan Agreement shall be executed
by and on behalf of the Authority by the Chair with the official seal of the Authority impressed
thereon and attestby the Secretary or any Assistant Secretary. in substantially the form
presented to the Authority at this meeting, subject to such changes, insertions. omissions and
such filling -n of blanks therein as hereafter may be approved and made therein upon the advice
of Bond Counsel or the City Attorney and which shall be approved by the Chair, with the
O 1 .8 2 8 3-O34 3/ Z /A M E RI C A S
SUBSTITUTED.
J)Ft1 PT
execution of the Loan Agreement by the Chair being conclusive evidence of the approval of any
such changes, insertions, omissions or filling in of blanks.
SECTION 7. Use of Proceeds. All proceeds received from the salof the Series 2017
Bonds are to be loaned to h/1JH-{S pursuant to the terms of the Load Agre ent and deposited and.
used as provided for in the Loan Agreement and the Indenture.
SECTION 8. Award of the Series 2017 Bonds an 4 A .royal of the Form and
Authorization of the Execution and Deliver of the Purchase A cement. The Authority hereby
approves the fonts of the Purchase Agreement. substtially in the form presented to the
Authority at this meeting with such additions and mpletions as may be approved upon the
advice of Bond Counsel or the City Attorney by ie Chair and authorizes and approves the sale
of the Series 20I7 Bonds to the Underwrite , at the purchase price and upon the terms and
conditions set forth herein and/or in a Purchase Agreement. Upon compliance by the
Underwriter with the requirements o Section 218.385(6),. Florida Statutes, the Chair is hereby
authorized to execute and deliver jnd each of the Secretary or Assistant Secretary, is authorized
to seal and attest the Purchase F greement. in the foam attached hereto, subject to such insertions.
modifications. changes. ai + such filling in of blanks therein upon the advice of Bond Counsel or
the City Attorney as a'- necessary to evidence the terms of the Series 2017 Bonds; provided that
the principal arno nt of the Series 2017 Bonds shall not exceed $50,000,000, the Underwriter's
fee and expen . s (or discount) shall not be more than two percent (2%) of the principal amount
of the Se ` 2017 Bonds, any optional redemption prices shall not exceed one hundred four
percer (104%) of the principal amount of the Series 2017 Bonds to be redeemed, the mandatory
re. -rmption price shall not exceed one hundred percent (100%) of the principal amount of the
Series 2017 Bonds to be redeemed and the final maturity of the Series 2017 Bonds shall be not
RFA.FT
12
D 1 a-8283-034 3/2 /AME R ICAS
SUBSTITUTED.
later than the year 2046. The execution and delivery of the Purchase Agreement by e Chair
and the attestation and sealing thereof by the Secretary or Assistant Secretary shall ►e conclusive
evidence of the Authority's approval of any such insertions, modifications and anges or filing
in of blanks..
SECTION 9. A »roval of the Form and Distribution of e Prelirninar + Official
Statement and the Execution and Delivery of the Official Statem-. t. The Authority has been
presented with a fon-n of Preliminary Official Statement relati r * to the sale of the Series 2017
Bonds. The distribution and use of the Preliminary Official statement for the Series 2017 Bonds
in substantially the form presented to the Authority at tl ' meeting in connection with the sale of
the Series 2017 Bonds is hereby authorized and a, .roved. The Chair is hereby authorized to
"deem final" the Preliminary Official Stater nt for purposes of Securities and Exchange
Commission Rule 15c2-12. A final Official tatement relating to the Series 2017 Bonds shall be
prepared in substantially the form of tl Preliminary Official Statement, with such changes as
shall be necessary to conform tot is Resolution and the Purchase Agreement, including the
insertion of information regard ig the offering price or prices, interest rate or rates. selling
compensation, amount of pr• ceeds, delivery date and other terms depending on such factors and
with such other chang including changes in financial data, modifications, deletions and
additions as may be equired or deemed necessary by Bond Counsel, the City Attorney or the
Underwriter or - s counsel and approved by the Chair (which approval shall be conclusively
presumed ti-r 1 the execution thereof). The Chair is hereby authorized to execute and deliver the
final Off ial Statement and is further authorized to execute any supplemental Official Statement
if de med necessary by the Underwriter or the aforesaid counsel to reflect any such changes.
The Authority has not confirmed, and assumes no responsibility for, the accuracy. sufficiency or
13
Pr PT
010-82.83.0343/2/RMERICRS
SUBSTITUTED.
DR. ti W T
fairness of any statements in the Preliminary Official Statement or the final Official :tat emCFI 1 or
any supplements thereto, other than statements and information therein relating o the Authority
under the headings THE ISSUER." "DISCLOSURE REQUIRED BY FL iRIDA BLUE SKY
REGULATIONS — Issuer'* and "LITIGATION — Issuer. -
SECTION 10. Actions: Authorization of Further Actions.
(a) All actions of officers, employees, agents and o cials of the Authority taken in
conformity with the purposes and intent of this Resolution . d in furtherance of the issuance and
sale of the Series 2017. Bonds are hereby ratified, a r +roved and confirmed. The officers,
officials, agents and employees of the Authority are ereby authorized and directed to take such
further actions in conformity with the purposes . nd intent of this Resolution and in furtherance
of the issuance and sale of the Series 201 Bonds as may be necessary or desirable. Such
officers, officials, agents and employees f the Authority are hereby authorized and directed to
execute all other documents and do - rig certificates relating to the issuance of the Series 2017
Bonds and the application of the roceeds thereof. including, but not limited to (i) an assignment
of the Series 2017 Note to e Trustee, and (ii) a Tax Certificate and Agreement and a Form
8038, each of which sh be based on the relevant information provided by the Underwriter,
MJHS and other parts. Such documents and certificates shall be in such farms as are approved
by Bond Counsel
(h) Each official of the Authority is further authorized to make or effect. at the
request o WHS. any election. selection, choice, consent, approval, or waiver on behalf of the
Auth. 'ty upon the advice of Bond Counsel with respect to the Series 2017 Bonds as the
Authority is permitted or required to make or give under the federal income tax laws (including
any one or more elections permitted by the provisions of Section 148 of the Code to be made by
14
010 8283.4343/2JAMEf 1CAS
LUBSTITUTED.
1+'pF.T
the Authority prior to or after the issuance of the Series 2017 Bonds). for the purpose of assuring,
enhancing or protecting favorable tax treatment or characterization of the Serie. 2017 Bonds or
interest thereon or assisting compliance with requirements for that purpose, educing the burden
or expense of such compliance, reducing the amount of rebate payn -acts, penalties or other
payments under Section 148 of the Code, or obviating such amount or payments, as determined
by such official upon the advice of Bond Counsel. Any such tion of such official or officer
shall be in writing (and may be included in the Authority's 'ax Certificate and Agreement) and
signed by such official, and if required by the Code o reasury Regulations shall be filed in
accordance therewith.
SECTION 11. Expenses of Financing. he Authority shall not be obligated to pay any
costs or expenses relating to the financing erein authorized, and all such costs and expenses
shall be paid by MJHS out of proceeds •f the Series 2017 Bonds if and when issued or from
other funds of MJHS. The adoption fthis Resolution shall not impose any financial liability on
the Authority to MJHS or to an other person or legal entity. The Authority designates Squire
Patton Boggs (US) LLP to s- e as Bond Counsel to the Authority in connection with the Series
2017 Bonds and conse to the designation by MJHS of the Underwriter and the Trustee.
MJHS shall be solel responsible for the fees and expenses of the foregoing persons, provided
that, subject to a limitations imposed by federal tax law, initial fees and expenses may be paid
from Bond prY ceeds.
TION 12. Redemption of Prior Bonds: Notice of Redemption. The Authority
hereb authorizes and directs The Bank of New York Mellon Trust Company, N.A., as trustee
f the Prior Bonds (the "Prior Bonds Trustee") to send a notice of redemption as required by the
indenture of trust pursuant to which the Prior Bonds were issued and hereby authorizes and
15
O O-8283•O343/2/AMERICAS
SUBSTITUTED.
TWA- FT
directs the Prior Bonds Trustee to redeem on such date as authorized under the i identure of trust
pursuant to which the Prior Bonds were issued, the Prior Bonds from the p coeds of the Series
201 7 Bonds or other amounts made available therefor. The aforementio ed notice of redemption
may be conditioned upon the receipt of sufficient proceeds of the S ries 2017 Bonds to pay the
redemption price of the Prior Bonds.
SECTION 13. Recommendation of A rroval of es 2017 Bonds. The Authority
hereby recommends that the City Commission approve ' e issuance of the Series 2017 Bonds for
purposes of Section 147(f) of the Code.
SECTION 14. Severability. In case an section or provision of this Resolution, or any
covenant, agreement, stipulation, obligatio ., act or action, or part thereof, made, assumed,
entered into or taken under this Resolu on, or any application thereof, is held to be illegal or
invalid for any reason, or is inoper. +le at any time, that illegality, invalidity or inoperability
shall not affect the remainder the eof or any other section or provision of this Resolution, all of
Nvhich shall be construed an enforced at the time as if the illegal, invalid or inoperable portion
were not contained there t Any illegality, invalidity or inoperability shall not affect any legal.
valid and operable section. provision, covenant, agreement, stipulation, obligation, act, action,
part or applicati. al] of which shall be deemed to be effective, operative, made, assumed,
entered into . taken in the manner and to the full extent permitted by law from time to time.
ST1ON 15. Governina Law. The Series 2017 Bonds are to be issued and this
Reso tion is adopted under, and all documents, instruments and certificates described herein and
n cessary for issuance of the Series 2017 Bonds, shall be executed and delivered or accepted, as
the case inay be, in accordance with and governed by the laws of the State of Florida.
I
f.114 FT
010-8 28 3 -034 3J2/AM E RI CA5
SUBSTITUTED.
SECTION 16. Effective Date. This Resolution shall become effective i mediately
upon its adoption.
[SEAL]
Attest:
Bv:
PASSED AND ADOPTED this 2" d day of December, 2016.
Secretary
Approved by the City Attorney as to fornn
and correctness:
By:
Victoria Mendez, City Attorn
17
CITY OF MIAMI, LORIDA HEALTH
FACILITIES A HORITY
Chair
a 10-8283-034 3/2/A MER ECAS
EXHIBIT A
75 H FA lees t
TEFRA NOTICE
A-1
SUBSTITUTED.
010.8283.0343f2fAMERICAS
Local & Rate
1ifLini. aintde
noun*'
WJemM1
SUBSTITUTED.
LEE US HELP
a:rrr. Crs1r, C4ne•'xn,Cralr• IMPROVE,. _ ._ __ - YOUR HOME!
SHOP MB DE PROMOS
& SERVICES ALI OtiOFR ONE ROOF
OPENS TOMORROW!
ar
43 EU 111CiQ
II RW11 81 1 WiHFI
A former local radio voice
is going national on NPR
n afar 1/1414c14411
e.sah cr. a 44.1r 1144.:-
ranrrl-.. 74 .4.as lcn •
rode hew yuf.alr •
"T rum
Ke Ted.-rer11 del.._, new
Kea. . yea, awn a .- owem arse. Mar.,.
r..l1: ,Y1 Yr.nh ::Sid L4 1r; 1aL 'Novell
lnarw Mehra q5. an- 34.1awn 10 ..ru.men
nowued ahc haute bt I9Wured In balm..
rerwlnp are the end _Ora. Ueiw 111_ 1'. 44'Al11.- m.
her rn4reerrm M. later If a> rm' awl d wellrarl
roneaT - ate hr. awes will F1 41.1L mr 11914.4IaU1
amp :anus,. Sofa 1' .WWref.m.1r ♦4,81
F11,,4. hllenn. A1n.rWmr. mr.enaptpe
lwarw.. lorwherr_ s-4. m111 hnye alai w,3 loom w i4-
DONATE YOUR CART
Wh eels+For
Wishes Ne+.WrY - T
, Make-A-Wishk
Southern FEoridcti i
.,44w •r• . asp
talk 1305}692•0340
NOV 18-10
.;,N'PL .• IF 1411
;t.. perm
rh -:;egn Ted I r#n
1p,111!_llly.
r}Y• P. 14 11:11111CMINIMUM'
SAVE S3 ONLINE TONY!
W W W.homnshowS_net
44:wr>rar. r, 1.
UAW.- Mourn.
Prim, hehnak,er
r441.4 end von. 47 .0 1a.
r.;durrd
•IA' ,aile secrerl air.
!rsfinl 'TA lhape
cielur 4,a.,. w-elrha,..
41.4d Mt. 1919.rd
rrachc...14rW.rn.r L3_.
an11.4m 41, 19F to •wow
nararehhec Rune . t hoe.
hlrf !i.-arlr..r he Rea
LI; the dams 44-41:111-
rc-
peo141hrretL Ker.31
Tnelc L. brtr. /wen,
a enc. 1.ce Inch. where
aum•edrNlpral aced cv.rd
rgn'arulim r, a. upper•
131.1arip nchtnarrt:-
NPR Irrehdell anal LFa1
1011 Huha hurl 41A0 :he
WW1 hirs -I J. ist-s
llmvm
Ile Ira, 1a err... 11..nce P0.rm'.
eChttelwn at po1W 447* 1 Oar 1Sp1.1 d.4a 14.m Canr-
144 Am.000 - p11n ; harmemn m the
lnlltwn., i5'te1 Aim how..Me.. era
9radr n+u e. Pah3l.c In ...m•'1, +. a,+la:r a
dawn Or lerwenln r' 1IL- tan .rare r<wY nraalw
susodOstanIss cahoot IhoS . e+X1.. h'blwal wade
9clrehera. F1rwm.ea ha 'Chock thr Keie. ! 14.m44
weaielul aa..pre0.v cc.' ex &le-hr. Wee or momsa
a'WTlseh} ti11'FC area Iha mend aKe4il ddai'.
Floe whoa ar VWY`F, bare Our. eery. i :,a 4m»rt
ertakahc Sm. l41 cache re riaa.na. hell whirr,. 1145 era
3004 4. e. I'm a fu1e...41441 r.o4,„
11..11 r.. liked 1m 4oNo, xnt 414941' 1i-.14c grv4W.
...eh a new hew. tam. we row.. ul web m. M... 1`
area bomb.. WLM4 Ann Ceulr.l an11.4 leap.
fir Mawr. lh .141. anal allr>5 -
pew Laknve general Mehra Herald manaknlil
many. ter Wl44 Pahl. esiNor1rC10e.'h. Wks
AI..e ' I1c we, whe 1e twee 11ru•..ao, parmbee.
Oahu- eunrdnai. ewe Orin hwns 1.m4t0eaurev
la&T saki
kllmlrllrhn webn,4' 111'rm, Iwo Imo, 11aa Lieu' .nk pidml elf
terh1. Job. !hnr'1 •. 111.14re rra.' ow.c. Ire d,e bud 411.
ON: Ate Ida ¢ie1k1 here loci... warm Me pee.,
Mt, .gimh kvel.m.1 711 4, t.4.w..rSv*4
'LA le aJ num what; hl641444wal 1Nunrn k*xrli 11.3P r a.
'17411rlhN AA...1srr bud.nnla 1010, whew le,enrda,
r1.ar11m, 1113 ‘...kart Owl Ow.t n. on H.c 11m.m11e Ilan 1.411
hi], ret.M 4111:1e, unit .m 142A Mote. talc rlwlF -1t7L ill
Ield' He Ira.: I. , a
4146141.141411, •! s1e 11 at
00.1ew41 411 C414ewao.
P0,l,cirr'41..01 n3 ihernal
a.
dch4r 1: a I.1nr wr44
,a 1401 19 :n4 ar
iracher...1 Ih.
v rale.. wd.-
V5'aLiil 1... d 1ie1.-r.
lF Iona
1Yw19C.. P 1 "134.c...,
exr'. an +, clan,(mann In
-win ahem fir).
Ir. - 00nna1al1111
Rtl
kad./lrtt
vr.larr3
er . mea�f cape n .z41
W[LTHEr.
Miami
in the:
Pr
II feel temperatures
Os This weekend
Li: For. 1..n4.mdwa
OM. W141. ,., Ima'ea•
"Feelt. D orenoo"
Joins with Art ritis and Pain Clinks
Coll lls for o s.- and opinion on your Pain.
Flee Examination!
305 851 6911
Kendall - Flogier
Miami Lakes
Pembroke Pines
r)
Min
M1 n. 14....aft
a rngrr.raccsw 1A..m:•
IL.k c:"wu4 44111d. h.
1 hair knits, In1e..n lu
ILO reAwn oeahr.a,
:.Medan Mark. te...W1
I-nen p •a.annfI1Rir1b.a
1ep111 th. Mlilmimeen
at. .rill her lows b: lbe
hrFn•E4.. wMk' bu ai-
w 04 r+1P car:nennrc rr11.
IM 411.�: 4law:1411 11m11
1a ahe ia1h. 511,
Mg.. ha . 1 wnldnwe
maniere 1Nhe kwes wen
red > Aw. 11rr ammo era
lavdry 1,.,; al aemptYar:r r
as la' rh., YapaL Mew.
.olwp. b.-Oreo114 .11. of
11 e 1..wm.l %V,... . ,e -
4444 a8i Itr rg rhn. r+Y,
we-tend-.'rmfenineea le.
49r.nrn19
live law, Orr ,he weec.
end r i Kligl.h-brim
l> .earelar ur.er.pa b
k r4.t. 14..g.....arn. 1e
re&Nawen.hr, elnnl um-
;hiecLw1• haver hem alfw"-
h1 derar.
-tcraperw.n•. war re.
ln calm.- S41,40 .4ni
memilay >ud lenia 11 row.
it 111e 4111,7 *Us and 1Kb.
m 115 upper 10.
y1.
CITY OF ?roll till. FLORIDA HEALTH FACILITIES AUTHORITY
PUBLIC NOTICE OF TEFRA HEARING
tlsrlcE 15 Ill:k1:111' C11'L .aka, •r. .r.br 4.4,.r-arp 1r ..11h (41 sm 1i''„or. Lk Ivry! l' 11m: no
o 144. a, rere-ta3.1 rtlal T. rer , . ryutw. I.,SYnl 11 : hw• 114' hr . ...44, 111 [ea rib 3.1nn.
Fhvn.. N,.W,h F.eh1.11'- a{aaeata9, 111w-Actleomq' • he Ik'e ' ? 3111 a ra dae IMv 1109 43+31 rnlm heune
Ca,r1m4m..•..r. fT '41, 4147.14 n; 41p,anorm 1lr1' '.1111„n A,1nrnru, Ultn- Maw. 11.I,.W.1
3313; 11p1M-11c.4T 4 . totP_11 w 111' 1,'aplmo k' ,he aeve+d he... In the Acetrarrha pf 1101 cu.-alma
55110 nplkr m g ierr- achw-rpra mews. 4. n. 1ic lu, rr,llw- (0 rely am! Pa-mce4 iienlaFry Ilaroal-
r.Mhear 14Fu.4 l&.m.5c erha. 11n R.ao.f. rlln' -1911. 1 no- Elnan, will I4.:wand Ida the MP., r,
1114141414. 44111a. 141141111 k11411. tlr.111.$Wenw., Ida. 1911Hs-L, rh1W..141414 11agn 41as}lonthm. 1Lar ex1
I•cee, deeTnnnl In nw 11rtrua7 Rreran Senate. 1.4 ill he 1..11.1pm! 4linr Tor pnrrob .4 the hm .111
Ill n.e11' 11. r7Fmb er 41.m1 r,1ry ,.1.lyaedkrg H4441l F41i4t1'E• lissom Russoolnr Ran., 1Mom har.1
Hum Pnl1 H..yS41 4v et. arm i.. 19w1e.+r. 'n !fir hilt. "Preur hind,'. near •ne14r. Weep,,c nc
.hl.patlrn In U1t11. r lrelimi4 !mash 4l 31vw kv rah 'Weer a1.: 1314414 d I.v 117e .ip+.il IR 1 pqd:' 41J4r1
Acam.�lma. Rxar^�t the i.wrloe!n ane MJFIS. ,111 ribs 4414 F+a: 111.1111 Swan& Kara r:.11145 aura, Iwo.
re/pew, 11( 111' Ire. Sd11n. IA -hlw 11-11e 1m' raw .' awherr:.lw 4t41 wee 4114•3[4 a1 m1-14,., ern w -
411 rmhrrmc.s F1 tern 111*.4rred SUHS' n r noise crtl.heeal,n.al m•+r1.c. xr.a Nor aw,n1-.n1 i..e.
..r soap-. r err -'c1' til..'1-s PC4111c 1. n !whi.r de:..rrh era aar llwd 1m Coe K. ,.d- re... h.-h1,yn
4,1ve14. m 1.•r;1k1 rd fib iwm&
I!e per -.n1. 1: ILr A•wr f:R r.ar a(y'coc« o.I.wsrc aC rellrxec. at. ire rl rce,.Y ..1 :ha NI,
/4.11.Iv411.'41.411ht.4l;.hr31•in.e'.75.ts1.1ch.slrltal 1mry4ni•oereb lt'.1l p war meow, era.na•_
hadlWnrr- r4xf. ,44, 11.1M1n. 1eam•;1m4- 441e cgc111T.-a1 1444 111115'. ra.m came., 1C3lS'd.. 5Se1 i4 _k
41.4..4 Mourn F4raL .Fir- Tlx 1u..1 : L.nn,1n r•lrw.r. nl.el 41def1ruk-rt 1..11 t.,O1. m a.,retr: 11111 �_.
fadou ,..n,.,`n1.card mason ewe'h.: roc. ',Warr., • 4144: eeka1.14MTV. /Jew .4 r41,m= Io-rr..s1
.,mpanr1a -1i11.11.ar..:l1L1r. • 4.414444.a41 n.n-e•Aeslsa. •. • 1310 KArimcur
crib.. a Ar vu-krto tt+whGrnr 4114rd 1u141Kp adc Ask loht: re:4.41r1.. 1.1160. 511111 h a1u1 * all ht nit
e•xn.e wl..prr ,.i as 1ht:4341 Inlpnnelueer. *ars Iled .cd; a i.el.wl:.1,1
Mar llar..d, Jai w br..a reseal ek4 I100n m e4lrewt r. u1 34 ia1: ht h.ehl.4114494 roan,c.al
LaMar ht. 114nr4al. ..uad:.'i 19w Malhwln. 131 Cna wl'AIiYm: Ii...d..1W tha..r-ruadr Co..o, Ilm.11. 4.4
11111lr 1111410 alto .pr-ral b1F.I1lns or h., sau4runs 4Ivilso the full Cm1h ee4cceJrl ram r4s 1aath.,
of The 11ak n1 Fl.ra.... or Jeri Iw141441 w14 441111r1 tkntt'.1 h111 he plr.17 vl sa Olr pd4 mra, ,.f doe rynrr rl'...
44..rymllhn prvnm.b. ! _ mner. a or 1lr i11.4111111 in. AoN:n•y thaw o+9arlrrr p••1er
4,rave., Mar vs' .4 repotl.p us, rrnl.l.a4 rral.n: tos nry1:.0. 111k 1.'&
44114.11w1da rw14 pyrr.r uI lhr 4ar11p .4114.11..411b1111 atm. I0•11•111. xnl*ef: 54nnnl rhea/Writ. chapati t'
avlalun.'d Iv 11i 3wlrharl,. tau Mr Alnlwd4111.a.4 Cii1 1,1 all4*1 r,.wa1:., 3ky,w11mn1 Svile h?b, rW1
S 44 1 141roae 1.I14.111Pi F1.rid.o.: 113Il'141 •IryH 34 m.i144 Nona lrrr'v,4 r" 34 ,nei,xrl nn,'I Prbca
wwcerhher ill ?01r. Si.Wld.,n RY8.n de*KY. K. apr..d .xrl tk1ukn nvL. 1n L1: 'a111x11P 44' 1h1 I,rannl
lae,v 'er NW Iftrd a Mca401 rr tee 14,1cr1•da4p1 .11.J 11e w big 41a1 bra ,,,ore 1n.1. 1er1 ern In4,1-141.441
dl. pllu.wrllei. Fir made. 1,1114441r.4411.:1.Wt. Wl` Irnl4xem .111r4aJ:1Mr ulNrn xhlrh the arre.b
lle_r.d 414d9,e.1aar1 r1, r!e he--hrh 1r. a..1.v.lan4C 11n115e41.m 1147r. r4 roc p'r . n1. 441bien5 +,N 1au►1
twharna 1444149 rn Ip. C11 C'nrmt....rn rrl ltc r,K of i41 r..m, tT411O.11n v4e aplr'rn.i ,.'d,•,:1aM'n. uY ..:.I'
,4.1wrt,.`9111A 14.Wh
C11 1 .11 i 114i 11 1-1 r I11111:1
111.41..T41141-I1. lilt-„Z1H411a 5
1AT4143 4wrh.hea 1'. 111t.