HomeMy WebLinkAboutMaster ReportCity of Miami
Master Report
Enactment Number: 13827
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 5479
Revision: A
File Type: Ordinance Status: ADOPTED WITH
MODIFICATION(S)
Controlling Body: City Commission
File Name: Approve - Revolving Line of Credit - Miami Parking Introduced: 2/4/2019
Authority
Requesting Dept: Off -Street Parking Board/Miami Parking Final Action Date: 3/28/2019
Authority
Title: AN ORDINANCE OF THE MIAMI CITY COMMISSION, WITH ATTACHMENTS,
PROVIDING FOR THE BORROWING IN THE FORM OF A REVOLVING LINE OF
CREDIT IN A TOTAL AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED TEN
MILLION DOLLARS ($10,000,000.00) (COLLECTIVELY, "LINE OF CREDIT") FROM
CAPITAL BANK, A DIVISION OF FIRST TENNESSEE BANK, NATIONAL
ASSOCIATION, TO FINANCE THE PROJECTS DESCRIBED BELOW; PROVIDING
FOR THE ISSUANCE OF THE CITY OF MIAMI TAX-EXEMPT PARKING SYSTEM LINE
OF CREDIT NOTE, SERIES 2019A AND CITY OF MIAMI TAXABLE PARKING SYSTEM
LINE OF CREDIT NOTE, SERIES 2019B (COLLECTIVELY, "NOTES"); PAYABLE
FROM PARKING SYSTEM REVENUES OF THE CITY'S DEPARTMENT OF OFF-
STREET PARKING A/K/A MIAMI PARKING AUTHORITY ("MPA"); PROVIDING FOR
THE PAYMENT OF THE NOTES; AUTHORIZING THE NEGOTIATION AND THE
EXECUTION BY THE CITY MANAGER, THE MPA'S CHIEF EXECUTIVE OFFICER,
MPA'S CHIEF FINANCIAL OFFICER, AND ALL OTHER NECESSARY CITY AND MPA
OFFICIALS OF THE NOTES AND ALL FINANCING DOCUMENTS IN CONNECTION
WITH THE NOTES, ALL IN A FORM ACCEPTABLE TO THE CITY ATTORNEY AND
BOND COUNSEL; AUTHORIZING FURTHER OFFICIAL ACTION IN CONNECTION
WITH THE DELIVERY OF THE NOTES; AND PROVIDING AN EFFECTIVE DATE.
Notes:
Links:
Attachments: 5479 Exhibit A (PDF)
5479 Exhibit B (PDF)
5479 Exhibit C (PDF)
5479 Combined Attachment A (PDF)
5479 Back -Up Documents (PDF)
5479-Submittal-Art Noriega-Miami Parking Authority Total Capital Needs (PDF)
History of Legislative File:
Revision: Acting Body: Date: Action: Result:
Scott Simpson 2/13/2019 Department Head Review Completed
Lai -wan McGinnis 2/14/2019 Budget Analyst Review Completed
Christopher M Rose 2/19/2019 Budget Review Completed
Nzeribe lhekwaba 2/19/2019 Assistant City Manager Review Completed
Nikolas Pascual 2/19/2019 City Manager Review Completed
Legislative Division 3/5/2019 Legislative Division Review Completed
Barnaby L. Min 3/5/2019 Deputy City Attorney Review Completed
City of Miami Page 1 of 2 Printed on: 4/17/2025
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Barnaby L. Min
City Commission
City Commission
City Commission
City Commission
Mayor's Office
City Clerk's Office
Legislative Division
Barnaby L. Min
Victoria Mendez
City Clerk's Office
City of Miami
Master Report
Enactment
3/5/2019
3/14/2019
3/14/2019
3/28/2019
3/28/2019
3/28/2019
3/28/2019
3/28/2019
3/28/2019
3/28/2019
3/28/2019
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Number: 13827
Approved Form and
Correctness
Meeting
PASSED ON FIRST READING
Meeting
ADOPTED WITH
MODIFICATION(S)
Signed by the Mayor
Signed and Attested by the City
Clerk
Legislative Division Review
Deputy Attorney Review
Approved Form and
Correctness with Modification(s)
Rendered
Completed
Completed
Passed
Completed
Passed
Completed
Completed
Completed
Completed
Completed
Completed
City of Miami Page 2 of 2 Printed on: 4/17/2025