HomeMy WebLinkAboutMaster ReportCity of Miami
Master Report
Enactment Number: R-21-0046
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 8444
Revision:
File Type: Resolution
File Name: Intent to Reimburse from Bond Funds for Tranche 2
of Miami Forever Bonds
Status: ADOPTED
Controlling Body: City Commission
Introduced: 1/5/2021
Requesting Dept: Commissioners and Mayor Final Action Date: 1/28/2021
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
DECLARING THE OFFICIAL INTENT OF THE CITY OF MIAMI ("CITY") TO ISSUE IN
TRANCHE 2 BOTH TAXABLE AND TAX-EXEMPT GENERAL OBLIGATION BONDS
PAYABLE FROM AD VALOREM TAXES PROVIDED THAT THE CAPITAL PROJECTS
DEBT MILLAGE NOT EXCEED THE RATE OF 0.5935 MILLS IN ACCORDANCE WITH
THE NOVEMBER 7, 2017 BOND REFERENDUM APPROVED BY THE VOTERS IN AN
INITIAL EXPECTED NOT TO EXCEED TOTAL MAXIMUM PRINCIPAL AMOUNT OF
FORTY MILLION DOLLARS ($40,000,000.00) IN ORDER TO, AMONG OTHER
THINGS, REIMBURSE THE CITY FOR FUNDS ADVANCED BY THE CITY FOR
CERTAIN EXPENSES INCURRED WITH RESPECT TO CAPITAL PROJECTS TO BE
UNDERTAKEN BY THE CITY TO IMPROVE AFFORDABLE HOUSING WITHIN THE
CITY'S LIMITS (COLLECTIVELY, "TRANCHE 2 MIAMI FOREVER AFFORDABLE
HOUSING LIMITED AD VALOREM BONDS"), ALL AS INDICATED IN THE CITY
MANAGER'S MEMORANDUM AND PROPOSED SEVEN (7) AFFORDABLE HOUSING
STRATEGIES IN COMPOSITE EXHIBIT "A," ATTACHED AND INCORPORATED
(COLLECTIVELY, "TRANCHE 2 STRATEGIES FOR AFFORDABLE HOUSING
PROJECTS"); ESTABLISHING CERTAIN RELATED DEFINITIONS OF TERMS;
AUTHORIZING CERTAIN FURTHER AND INCIDENTAL ACTIONS BY THE CITY
MANAGER, DESIGNATED CITY OFFICIALS, AND DEPARTMENTS, IN
CONSULTATION WITH THE CITY ATTORNEY AND SUCH OTHER APPROPRIATE
OFFICERS, EMPLOYEES, AND AGENTS OF THE CITY AS NECESSARY, ALL AS
REQUIRED FOR PURPOSES OF SECTIONS 103 AND 141-150 OF THE UNITED
STATES INTERNAL REVENUE CODE OF 1986, AS AMENDED, THE LAWS OF THE
STATE OF FLORIDA ("STATE LAWS"),THE CHARTER OF THE CITY OF MIAMI,
FLORIDA, AS AMENDED ("CITY CHARTER"), AND THE CODE OF THE CITY OF
MIAMI, FLORIDA, AS AMENDED ("CITY CODE"), AND FOR COMPLIANCE
THEREWITH; FURTHER AUTHORIZING RELATED AMENDMENTS TO THE CITY'S
MULTI -YEAR CAPITAL PLAN AS NECESSARY.
Sponsor(s): Commissioner Ken Russell, Commissioner Jeffrey Watson
Notes:
Links:
Attachments: 8444 Exhibit A (PDF)
History of Legislative File:
Revision: Acting Body: Date:
Action: Result:
Legislative Division
Robin Jones Jackson
1/15/2021
1/15/2021
Legislative Division Review Completed
ACA Review Completed
City of Miami Page 1 of 2 Printed on: 5/15/2025
Leon P Michel
Barnaby L. Min
Victoria Mendez
City Commission
City Commission
Mayor's Office
City Clerk's Office
City Clerk's Office
City of Miami
Master Report
Enactment Number:
1/15/2021
1/19/2021
1/19/2021
1/28/2021
1/28/2021
2/8/2021
2/8/2021
2/8/2021
R-21-0046
Budget Review
Deputy City Attorney
Approved Form and
Correctness
Meeting
ADOPTED
Signed by the Mayor
Signed and Attested
Clerk
Rendered
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Review
by the City
Completed
Completed
Completed
Completed
Passed
Completed
Completed
Completed
City of Miami Page 2 of 2 Printed on: 5/15/2025