HomeMy WebLinkAboutMaster ReportCity of Miami
Master Report
Enactment Number: R-23-0399
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 14487
Revision:
File Type: Resolution
File Name: Intent to Reimburse - Miami Forever Bond - Flood
Mitigation Projects
Status: ADOPTED
Controlling Body: City Commission
Introduced: 8/18/2023
Requesting Dept: Office of Management and Budget Final Action Date: 9/14/2023
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 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, INITIALLY
IN AN EXPECTED NOT TO EXCEED TOTAL MAXIMUM PRINCIPAL AMOUNT OF
NINETY-ONE MILLION, ONE HUNDRED SEVENTY-NINE THOUSAND AND 00/100
DOLLARS ($91,179,000.00) (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, AMONG OTHER
THINGS, REDUCE FLOODING RISKS, ALL AS INDICATED IN THE ATTACHED
PROJECT LIST IN EXHIBIT "A," ATTACHED AND INCORPORATED (COLLECTIVELY,
"GROUP 3 FLOOD MITIGATION PROJECTS"); 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): Mayor Francis X. Suarez
Notes:
Links:
Attachments: 14487 Exhibit A (PDF)
History of Legislative File:
Revision: Acting Body:
Date: Action: Result:
Lai -wan McGinnis
Marie Gouin
Larry M. Spring
Arthur Noriega V
Legislative Division
8/25/2023
8/25/2023
8/31/2023
8/31/2023
9/1/2023
Department Head Review
Department Head Review
Assistant City Manager Review
City Manager Review
Legislative Division Review
Completed
Completed
Completed
Completed
Completed
City of Miami Page 1 of 2 Printed on: 7/11/2025
Xavier Alban
Victoria Mendez
City of Miami
Master Report
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Enactment Number: R-23-0399
9/5/2023 ACA Review Completed
9/5/2023 Approved Form and Completed
Correctness
City Commission 9/14/2023 Meeting Completed
City Commission 9/14/2023 ADOPTED Passed
Mayor's Office 9/22/2023 Unsigned by the Mayor Completed
City Clerk's Office 9/22/2023 Signed and Attested by the City Completed
Clerk
City Clerk's Office 9/25/2023 Rendered Completed
City of Miami Page 2 of 2 Printed on: 7/11/2025