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Master Report
Enactment Number: 13866
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 6586
Revision: A
File Type: Ordinance
File Name: Supplement and Amend - Miami Parking System
Revenue Refunding Bond
Status: ADOPTED
Controlling Body: City Commission
Introduced: 9/27/2019
Requesting Dept: Commissioners and Mayor Final Action Date: 10/24/2019
Title: AN ORDINANCE OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
SUPPLEMENTING ORDINANCE NO. 11693 ENACTED ON AUGUST 14, 1998, AS
AMENDED AND SUPPLEMENTED; AUTHORIZING THE ISSUANCE OF NOT TO
EXCEED SIXTY-TWO MILLION DOLLARS ($62,000,000.00) AGGREGATE PRINCIPAL
AMOUNT OF CITY OF MIAMI ("CITY") PARKING SYSTEM REVENUE REFUNDING
BONDS, TAX-EXEMPT SERIES 2019 ("SERIES 2019 BONDS") ON BEHALF OF THE
CITY OF MIAMI'S ("CITY") DEPARTMENT OF OFF-STREET PARKING A/K/A MIAMI
PARKING AUTHORITY ("DEPARTMENT") FOR THE PURPOSE OF REFUNDING ALL
OR A PORTION OF THE DEPARTMENT'S OUTSTANDING PARKING SYSTEM
REVENUE AND REVENUE REFUNDING BONDS, TAX-EXEMPT SERIES 2009
("SERIES 2009 BONDS") PREVIOUSLY ISSUED ON BEHALF OF THE DEPARTMENT;
PROVIDING FOR THE FUNDING OF THE RESERVE ACCOUNT, IF REQUIRED;
PROVIDING FOR THE PAYMENT OF CERTAIN COSTS OF ISSUANCE IN
CONNECTION WITH THE ISSUANCE OF THE SERIES 2019 BONDS; MAKING
CERTAIN FINDINGS AND DETERMINATIONS; DELEGATING TO THE CITY
MANAGER AND THE DIRECTOR OF THE DEPARTMENT ("DIRECTOR") THE
DETERMINATION OF CERTAIN MATTERS AND DETAILS CONCERNING THE
SERIES 2019 BONDS; APPROVING THE SENDING OF A CONDITIONAL NOTICE OF
REDEMPTION; AUTHORIZING THE REFUNDING OF THE SERIES 2009 BONDS;
RATIFYING, CONFIRMING, AND APPROVING THE SELECTION OF THE
UNDERWRITERS AND THE FINANCIAL ADVISOR BY THE FINANCE COMMITTEE
AND THE DEPARTMENT FOR THE SERIES 2019 BONDS; AUTHORIZING A
NEGOTIATED SALE OF THE SERIES 2019 BONDS; AUTHORIZING THE
NEGOTIATION, EXECUTION, AND DELIVERY OF A BOND PURCHASE AGREEMENT
BY THE CITY MANAGER AND THE DIRECTOR, IN A FORM ACCEPTABLE TO THE
DEPARTMENT'S CHIEF FINANCIAL OFFICER ("CFO"), THE CITY'S CFO, THE
FINANCIAL ADVISOR, THE CITY ATTORNEY, DISCLOSURE COUNSEL, AND BOND
COUNSEL; APPROVING UNCERTIFICATED BOOK -ENTRY ONLY REGISTRATION
OF THE SERIES 2019 BONDS; AUTHORIZING THE CITY MANAGER AND THE
DIRECTOR TO DISTRIBUTE A PRELIMINARY OFFICIAL STATEMENT AND OFFICIAL
STATEMENT, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, DISCLOSURE
COUNSEL, AND BOND COUNSEL; DESIGNATING A TRUSTEE, PAYING AGENT,
AND BOND REGISTRAR; AUTHORIZING THE NEGOTIATION, EXECUTION, AND
DELIVERY BY THE CITY MANAGER AND THE DIRECTOR OF A TRUSTEE, PAYING
AGENT, AND BOND REGISTRAR AGREEMENT, IN A FORM ACCEPTABLE TO THE
CITY ATTORNEY AND BOND COUNSEL; AUTHORIZING THE NEGOTIATION,
EXECUTION, AND DELIVERY OF A DISCLOSURE DISSEMINATION AGENT
AGREEMENT BY THE CITY MANAGER AND THE DIRECTOR, IN A FORM
ACCEPTABLE TO THE CITY ATTORNEY, DISCLOSURE COUNSEL, BOND
COUNSEL, AND DESIGNATING DIGITAL ASSURANCE CERTIFICATION, L.L.C., AS
DISSEMINATION AGENT THEREUNDER; AUTHORIZING THE CITY MANAGER AND
DIRECTOR TO OBTAIN A BOND INSURANCE POLICY AND/OR RESERVE
PRODUCT; AND AUTHORIZING THE CITY MANAGER AND DIRECTOR TO
City of Miami Page 1 of 2 Printed on: 4/25/2025
Sponsor(s):
Notes:
City of Miami
Master Report
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Enactment Number: 13866
NEGOTIATE, EXECUTE, AND DELIVER ANY AND ALL AGREEMENTS IN
CONNECTION THEREWITH, ALL IN A FORM ACCEPTABLE TO THE
DEPARTMENT'S CFO, THE CITY'S CFO, THE FINANCIAL ADVISOR, RISK
MANAGEMENT DIRECTOR, THE CITY CLERK, THE CITY ATTORNEY, DISCLOSURE
COUNSEL, AND BOND COUNSEL; AUTHORIZING CERTAIN OFFICIALS AND
EMPLOYEES OF THE CITY AND THE DEPARTMENT TO TAKE ANY AND ALL
ACTIONS DEEMED NECESSARY OR REQUIRED IN CONNECTION WITH THE
NEGOTIATION, ISSUANCE, SALE, AND DELIVERY OF THE SERIES 2019 BONDS
AND THE REFUNDING OF THE SERIES 2009 BONDS, IN CONSULTATION WITH
THE CITY MANAGER, THE CHAIRMAN OF THE BOARD OF THE DEPARTMENT, THE
DIRECTOR, THE DEPARTMENT'S CFO, THE CITY'S CFO, THE FINANCIAL
ADVISOR, THE CITY ATTORNEY, DISCLOSURE COUNSEL, AND BOND COUNSEL;
PROVIDING FOR SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE.
Commissioner Wifredo (Willy) Gort
Links:
Attachments:
6586 Exhibit B
6586 Exhibit C
6586 Exhibit D
6586 Exhibit E
6586 Exhibit F
6586 Exhibit A (PDF)
(PDF)
(PDF)
(PDF)
(PDF)
(PDF)
History of Legislative File:
Revision: Acting Body:
Date: Action: Result:
A
A
A
A
A
A
A
A
Sandra Bridgeman
Scott Simpson
Legislative Division
Christopher M Rose
City Commission
City Commission
Legislative Division
Barnaby L. Min
Victoria Mendez
City Commission
City Commission
Mayor's Office
City Clerk's Office
City Clerk's Office
9/30/2019
9/30/2019
9/30/2019
10/ 1 /2019
10/10/2019
10/10/2019
10/11/2019
10/11/2019
10/15/2019
10/24/2019
10/24/2019
10/24/2019
10/24/2019
10/24/2019
Assistant City Manager Review
MPA Review
Legislative Division Review
Budget Review
Meeting
PASSED ON FIRST READING
WITH MODIFICATION(S)
Legislative Division Review
Deputy Attorney Review
Approved Form and
Correctness
Meeting
ADOPTED
Signed by the Mayor
Signed and Attested by the City
Clerk
Rendered
Completed
Completed
Completed
Completed
Completed
Passed
Completed
Completed
Completed
Completed
Passed
Completed
Completed
Completed
City of Miami Page 2 of 2 Printed on: 4/25/2025