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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