HomeMy WebLinkAboutMaster ReportCity of Miami
Master Report
Enactment Number: R-19-0385
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 6460
Revision: A
File Name: Special Obligation Bond - Marlins Stadium
Requesting Dept: Department of Finance
File Type: Resolution Status: ADOPTED WITH
MODIFICATION(S)
Controlling Body: City Commission
Introduced: 8/28/2019
Final Action Date: 10/10/2019
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
RESCINDING RESOLUTION NO. 19-0123 PREVIOUSLY ADOPTED ON MARCH 28,
2019; PROVIDING FOR THE ISSUANCE OF NOT TO EXCEED NINETY MILLION
DOLLARS ($90,000,000.00) IN AGGREGATE PRINCIPAL AMOUNT OF A CITY OF
MIAMI ("CITY") TAXABLE SPECIAL OBLIGATION PARKING REVENUE REFUNDING
NOTE, SERIES 2019 (MARLINS STADIUM PARKING FACILITIES PROJECT) ("NOTE")
AND THE COSTS OF ISSUANCE THEREOF; APPROVING THE SELECTION OF THE
PRIVATE PLACEMENT PROPOSAL FROM CAPITAL ONE PUBLIC FUNDING, LLC
("LENDER") AND PROVIDING FOR THE DIRECT LOAN FROM AND NEGOTIATED
SALE OF SAID NOTE TO THE LENDER; SETTING CERTAIN BASIC PARAMETERS
OF THE TERMS AND CONDITIONS OF A LOAN AGREEMENT AND THE NOTE AND
AUTHORIZING THE NEGOTIATION, EXECUTION, AND DELIVERY, IN A FORM
ACCEPTABLE TO THE CITY ATTORNEY AND BOND COUNSEL, OF A LOAN
AGREEMENT, THE NOTE, AND ANY AND ALL OTHER NECESSARY AGREEMENTS,
DOCUMENTS, AND INSTRUMENTS IN CONNECTION THEREWITH; MAKING
CERTAIN FINDINGS AND DETERMINATIONS; AUTHORIZING ALL REQUIRED
ACTIONS BY THE CITY MANAGER, CITY ATTORNEY, BOND COUNSEL, FINANCIAL
ADVISOR, AND ALL OTHER CITY OFFICIALS IN CONNECTION THEREWITH;
FURTHER AUTHORIZING THE CITY MANAGER, CITY ATTORNEY, FINANCIAL
ADVISOR, BOND REGISTRAR, NOTE REGISTRAR, ESCROW AGENT, PAYING
AGENT, AND ALL OTHER NECESSARY CITY OFFICIALS TO UNDERTAKE THE
NECESSARY STEPS AND TO NEGOTIATE, EXECUTE, AND DELIVER, IN A FORM
ACCEPTABLE TO THE CITY ATTORNEY AND BOND COUNSEL, ANY AND ALL
NECESSARY ESCROW DEPOSIT AGREEMENTS, NOTICES, DOCUMENTS, AND
INSTRUMENTS IN CONNECTION WITH THE DEFEASANCE AND REDEMPTION OF
EIGHTY-FOUR MILLION FIVE HUNDRED FORTY THOUSAND DOLLARS
($84,540,000.00) OF THE CITY'S OUTSTANDING PRINCIPAL AMOUNT OF TAX-
EXEMPT SPECIAL OBLIGATION PARKING REVENUE BONDS, SERIES 2010A
(MARLINS STADIUM PROJECT) ("SERIES 2010A BONDS"); DELEGATING
AUTHORITY TO THE CITY MANAGER TO SELECT AND APPOINT THE ESCROW
AGENT AND THE VERIFICATION AGENT; RATIFYING, APPROVING, AND
CONFIRMING CERTAIN NECESSARY ACTIONS BY THE CITY MANAGER AND
DESIGNATED DEPARTMENTS IN ORDER TO UPDATE THE RELEVANT FINANCIAL
CONTROLS AND COMPUTER SYSTEMS IN CONNECTION THEREWITH; AND
PROVIDING APPLICABLE EFFECTIVE DATES.
Notes:
Links:
Attachments: 6460 Exhibit (PDF)
City of Miami Page 1 of 2 Printed on: 4/24/2025
City of Miami
Master Report
Enactment Number: R-19-0385
History of Legislative File:
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Revision: Acting Body: Date: Action: Result:
Erica T Paschal 9/11/2019 Department Head Review Completed
Donovan Dawson 9/19/2019 Budget Analyst Review Completed
Christopher M Rose 9/26/2019 Budget Review Completed
Sandra Bridgeman 9/27/2019 Assistant City Manager Review Completed
Nikolas Pascual 9/27/2019 City Manager Review Completed
Legislative Division 10/1/2019 Legislative Division Review Completed
Barnaby L. Min 10/1/2019 Deputy City Attorney Review Completed
Barnaby L. Min 10/1/2019 Approved Form and Completed
Correctness
City Commission 10/10/2019 Meeting Completed
City Commission 10/10/2019 ADOPTED WITH Passed
MODIFICATION(S)
A Mayor's Office 10/15/2019 Signed by the Mayor Completed
A City Clerk's Office 10/15/2019 Signed and Attested by the City Completed
Clerk
A Legislative Division 10/16/2019 Legislative Division Review Completed
A Barnaby L. Min 10/17/2019 Deputy Attorney Review Completed
A Barnaby L. Min 10/17/2019 Approved Form and Completed
Correctness with Modification(s)
A City Clerk's Office 10/18/2019 Rendered Completed
City of Miami Page 2 of 2 Printed on: 4/24/2025