Loading...
HomeMy WebLinkAboutMaster ReportCity of Miami Master Report Enactment Number: R-22-0398 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 12683 File Type: Resolution Status: ADOPTED Revision: Controlling Body: City Commission File Name: Declare Intent - Issue Bonds - Parks and Resilience Introduced: 9/29/2022 Requesting Dept: Commissioners and Mayor Final Action Date: 10/13/2022 Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), DECLARING THE OFFICIAL INTENT OF THE CITY OF MIAMI ("CITY") TO ISSUE BOTH TAXABLE AND TAX-EXEMPT GENERAL OBLIGATION BONDS, IN ONE OR MORE SERIES, 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 EXPECTED NOT TO EXCEED TOTAL MAXIMUM PRINCIPAL AMOUNT OF TWELVE MILLION ONE HUNDRED SEVENTY-FIVE THOUSAND DOLLARS ($12,175,000.00) (COLLECTIVELY, "LIMITED AD VALOREM BONDS") 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 REDUCE FLOODING RISKS AND IMPROVE PARKS, CULTURAL FACILITIES, STREETS, AND INFRASTRUCTURE, ALL AS INDICATED IN THE ATTACHED PROJECT LIST IN EXHIBIT "A," ATTACHED AND INCORPORATED; ESTABLISHING CERTAIN RELATED DEFINITIONS OF TERMS; AUTHORIZING CERTAIN FURTHER AND INCIDENTAL ACTIONS BY THE CITY MANAGER IN CONSULTATION WITH THE CITY ATTORNEY, BOND COUNSEL, DISCLOSURE COUNSEL, FINANCIAL ADVISOR, CHIEF FINANCIAL OFFICER, FINANCE DIRECTOR, BUDGET DIRECTOR, AND SUCH OTHER APPROPRIATE OFFICERS, EMPLOYEES, AND AGENTS OF THE CITY AS THE CITY MANAGER DEEMS NECESSARY, ALL AS REQUIRED FOR PURPOSES OF SECTIONS 103 AND 141-150 OF THE U.S. INTERNAL REVENUE CODE OF 1986, AS AMENDED, AND FOR COMPLIANCE THEREWITH; FURTHER AUTHORIZING RELATED AMENDMENTS TO THE CITY'S MULTI -YEAR CAPITAL PLAN AS NECESSARY. Sponsor(s): Commissioner Manolo Reyes Notes: Links: Attachments: 12683 Exhibit A (PDF) History of Legislative File: Revision: Acting Body: Date: Action: Result: Legislative Division Richard Appleton Marie Gouin Victoria Mendez City Commission City Commission 9/30/2022 10/3/2022 10/3/2022 10/3/2022 10/13/2022 10/13/2022 Legislative Division Review ACA Review Budget Review Approved Form and Correctness Meeting ADOPTED Completed Completed Completed Completed Completed Passed City of Miami Page 1 of 2 Printed on: 6/23/2025 Mayor's Office City Clerk's Office City Clerk's Office City of Miami Master Report City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Enactment Number: R-22-0398 10/21/2022 Signed by the Mayor Completed 10/21/2022 Signed and Attested by the City Completed Clerk 10/21/2022 Rendered Completed City of Miami Page 2 of 2 Printed on: 6/23/2025