HomeMy WebLinkAboutMaster ReportCity of Miami
Master Report
Enactment Number: R-19-0111
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 5385
Revision: A
File Name: Validate - Miami Forever Bond - Housing
Requesting Dept: Office of Management and Budget
File Type: Resolution Status: ADOPTED WITH
MODIFICATION(S)
Controlling Body: City Commission
Introduced: 1/8/2019
Final Action Date: 3/14/2019
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
DESCRIBING, PROVIDING FOR, AND AUTHORIZING THE ISSUANCE AND BOND
VALIDATION OF THE AGGREGATE PRINCIPAL AMOUNT NOT EXCEEDING ONE
HUNDRED MILLION DOLLARS ($100,000,000.00) IN ONE OR MORE SEPARATE SERIES OF
CITY OF MIAMI TAX-EXEMPT AND TAXABLE LIMITED AD VALOREM TAX BONDS (MIAMI
FOREVER CAPITAL PROGRAMS: AFFORDABLE HOUSING AND ECONOMIC
DEVELOPMENT PROGRAMS 2019) ("MIAMI FOREVER LIMITED AD VALOREM CAPITAL
PROGRAMS AFFORDABLE HOUSING AND ECONOMIC DEVELOPMENT PROGRAMS 2019
BONDS') INCLUDING BUT NOT LIMITED TO (A) THE PARTICULAR AFFORDABLE
HOUSING AND ECONOMIC DEVELOPMENT PROGRAM PROJECTS TO BE UNDERTAKEN
BY THE CITY OF MIAMI ("CITY') AS GOVERNMENTAL PROJECTS OWNED AND
OPERATED BY THE CITY, BY NOT -FOR -PROFITS, BY FOR -PROFITS, AND BY
INDIVIDUALS, ALL AS DESCRIBED IN THE ATTACHED AND INCORPORATED COMPOSITE
EXHIBIT "C," (B) MAKING CERTAIN FINDINGS AND DETERMINATIONS IN CONNECTION
THEREWITH, (C) DETERMINING THE PARTICULAR METHOD OF SALE, CREDIT
ENHANCEMENT, IF ANY, DENOMINATIONS, INTEREST RATE(S), (D) AUTHORIZING ALL
REQUIRED ACTIONS BY ALL NECESSARY CITY OFFICIALS INCLUDING BUT NOT LIMITED
TO THE CITY MANAGER, CITY ATTORNEY, CITY CLERK, BOND COUNSEL, AND
FINANCIAL ADVISOR TO UNDERTAKE ALL NECESSARY STEPS IN CONNECTION WITH
BOND VALIDATION, BOND ISSUANCE, NEGOTIATION, EXECUTION, AND DELIVERY OF
RELATED BOND PURCHASE AGREEMENT, OFFERING AND SALE DOCUMENTS, TAX
COMPLIANCE AGREEMENT, CONTINUING DISCLOSURE AGREEMENT, PARTICULAR
CREDIT ENHANCEMENT AGREEMENT, IF ANY, PAYING AGENT AND REGISTRAR
AGREEMENT, AND ALL OTHER NECESSARY DOCUMENTS, INSTRUMENTS, AND
AGREEMENTS TO BE NEGOTIATED, EXECUTED, AND DELIVERED BY THE CITY
MANAGER, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY AND BOND COUNSEL,
AND (E) RATIFYING, APPROVING, AND CONFIRMING CERTAIN NECESSARY ACTIONS BY
THE CITY MANAGER AND DESIGNATED DEPARTMENTS IN ORDER TO UPDATE THE
RELEVANT FINANCIAL CONTROLS, CAPITAL PLANS, AND COMPUTER SYSTEMS IN
CONNECTION THEREWITH, ALL IN CONNECTION WITH THE VALIDATION AND
AUTHORIZATION OF ISSUANCE AND MASTER RESOLUTION, ADOPTED BY THE CITY
COMMISSION ON FEBRUARY 14, 2019 ("MASTER RESOLUTION'), FOR PROVISIONS OF
THE AGGREGATE PRINCIPAL AMOUNT NOT EXCEEDING FOUR HUNDRED
MILLION DOLLARS ($400,000,000.00) IN ONE OR MORE SEPARATE SERIES OF
CITY TAX-EXEMPT AND TAXABLE LIMITED AD VALOREM TAX BONDS (MIAMI
FOREVER CAPITAL PROGRAMS) PAYABLE FROM AD VALOREM TAXES LEVIED
ON ALL TAXABLE PROPERTY IN THE CITY, FOR CAPITAL PROJECTS TO REDUCE
FLOODING RISKS, IMPROVE STORMWATER INFRASTRUCTURE, IMPROVE
AFFORDABLE HOUSING, ECONOMIC DEVELOPMENT, PARKS, CULTURAL FACILITIES,
AND INFRASTRUCTURE WITH INTEREST PAYABLE AT RATES NOT TO EXCEED THE
MAXIMUM RATE ALLOWED BY LAW (COLLECTIVELY, "MIAMI FOREVER LIMITED AD
VALOREM CAPITAL PROGRAMS BONDS') AND FOR ONGOING COMPLIANCE UNDER
City of Miami Page 1 of 2 Printed on: 4/17/2025
City of Miami
Master Report
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Enactment Number: R-19-0111
THE TERMS AND CONDITIONS OF THE MASTER RESOLUTION; AND PROVIDING FOR AN
APPLICABLE EFFECTIVE DATE.
Notes:
Links:
Attachments: 5385 Exhibit A (PDF)
5385 Exhibit B (PDF)
5385 Composite Exhibit C (PDF)
5385 Exhibit D (PDF)
5385 Exhibit E (PDF)
5385 Exhibit F (PDF)
5385 Exhibit G (PDF)
5385 Exhibit H (PDF)
5385 Exhibit I (PDF)
5385 Exhibit J (PDF)
5385 Composite Exhibit K (PDF)
5385 Exhibit L (PDF)
5385 Exhibit M (PDF)
5385 Exhibit N SUB (PDF)
5385 Back -Up from Law Dept (PDF)
History of Legislative File:
Revision: Acting Body: Date: Action: Result:
Christopher M Rose 3/5/2019 Department Head Review Completed
Sandra Bridgeman 3/5/2019 Assistant City Manager Review Completed
Nikolas Pascual 3/5/2019 City Manager Review Completed
Legislative Division 3/5/2019 Legislative Division Review Completed
Xavier Alban 3/5/2019 ACA Review Completed
Barnaby L. Min 3/5/2019 Deputy City Attorney Review Completed
City Commission 3/14/2019 Meeting Completed
City Commission 3/14/2019 ADOPTED WITH Passed
MODIFICATION(S)
A Legislative Division 3/25/2019 Legislative Division Review Completed
A Xavier Alban 3/25/2019 ACA Review Completed
A Mayor's Office 3/25/2019 Signed by the Mayor Completed
A City Clerk's Office 3/25/2019 Signed and Attested by the City Completed
Clerk
A Barnaby L. Min 3/25/2019 Deputy Attorney Review Completed
A Victoria Mendez 3/28/2019 Approved Form and Completed
Correctness with Modification(s)
A City Clerk's Office 3/29/2019 Rendered Completed
City of Miami Page 2 of 2 Printed on: 4/17/2025