HomeMy WebLinkAboutMaster ReportCity of Miami
Master Report
Enactment Number: R-22-0466
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 12932
Revision:
File Name: Declare - Intent to Issue Bonds
Requesting Dept: Commissioners and Mayor
File Type: Resolution
Status: ADOPTED
Controlling Body: City Commission
Introduced: 11/7/2022
Final Action Date: 11/17/2022
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 FOUR MILLION, FIVE HUNDRED FIFTY THOUSAND DOLLARS
($4,550,000.00) (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 MINIMIZE FLOODING
FREQUENCY, SEVERITY, DURATION, AND IMPACTS; PROTECT CRITICAL
INFRASTRUCTURE AND HIGH -USE AREAS; AND REDUCE FINANCIAL AND
ECONOMIC VULNERABILITY, 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: 12932 Exhibit A (PDF)
History of Legislative File:
Revision: Acting Body:
Date: Action: Result:
Legislative Division
Xavier Alban
Marie Gouin
Victoria Mendez
11/7/2022
11/7/2022
11/7/2022
11/7/2022
Legislative Division Review
ACA Review
Budget Review
Approved Form and
Correctness
Completed
Completed
Completed
Completed
City of Miami Page 1 of 2 Printed on: 6/24/2025
City Commission
City Commission
Mayor's Office
City Clerk's Office
City Clerk's Office
City of Miami
Master Report
Enactment Number:
11/17/2022
11/17/2022
11/22/2022
11/22/2022
11/28/2022
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
R-22-0466
Meeting
ADOPTED
Unsigned by the Mayor
Signed and Attested by the City
Clerk
Rendered
Completed
Passed
Completed
Completed
Completed
City of Miami Page 2 of 2 Printed on: 6/24/2025