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HomeMy WebLinkAboutMaster ReportCity of Miami Master Report Enactment Number: R-23-0549 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 15174 Revision: File Name: Reallocate Funds - Park Enhancement Requesting Dept: Commissioners and Mayor File Type: Resolution Status: ADOPTED Controlling Body: City Commission Introduced: 12/4/2023 Final Action Date: 12/14/2023 Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), REALLOCATING FUNDS, IN THE TOTAL AMOUNT OF SEVEN MILLION, EIGHT HUNDRED FIFTY THOUSAND AND 00/100 DOLLARS ($7,850,000.00) ("FUNDS") FROM DOUGLAS PARK COMMUNITY CENTER PROJECT, PROJECT NO. 40- B40581, IN THE CITY OF MIAMI'S ("CITY") FISCAL YEAR 2023-24 MULTI -YEAR CAPITAL PLAN ADOPTED ON SEPTEMBER 9, 2023, PURSUANT TO RESOLUTION NO. R-23-0376 AS AMENDED ("CAPITAL PLAN"), AND RE -APPROPRIATING SAID FUNDS TO THE DISTRICT 4 PARK ENHANCEMENTS AND EXPANSION PROJECT, PROJECT NO. 40-B243516 ("DISTRICT 4 PARK ENHANCEMENTS"), ALL AS SET FORTH IN EXHIBIT "A," ATTACHED AND INCORPORATED; DECLARING THE CITY'S OFFICIAL INTENT TO ISSUE TAX-EXEMPT MIAMI FOREVER LIMITED AD VALOREM BONDS ("MIAMI FOREVER BONDS"), IN ONE OR MORE SERIES, TO THE EXTENT PERMISSIBLE UNDER APPLICABLE LAWS, RULES, AND REGULATIONS REGARDING THE MIAMI FOREVER BONDS, AND USE A PORTION OF THE MIAMI FOREVER BONDS FOR PARKS AND CULTURAL FACILITIES PROJECTS IN THE TOTAL AMOUNT OF ONE MILLION, THREE HUNDRED FORTY-SEVEN THOUSAND AND 00/100 DOLLARS ($1,347,000.00) TO REIMBURSE THE CITY FOR FUNDS ADVANCED BY IT FOR EXPENDITURES INCURRED AND TO BE INCURRED WITH RESPECT TO THE DISTRICT 4 PARK ENHANCEMENTS PROJECT AND THE PURPOSES STATED HEREIN; THE USE, ALLOCATION, AND APPROPRIATION OF THE MIAMI FOREVER BONDS PARKS AND CULTURAL FACILITIES FUNDS, AND ALL OTHER FUNDS IDENTIFIED HEREIN, ARE SUBJECT TO ALL FEDERAL, STATE, AND LOCAL LAWS THAT REGULATE THE USE OF SUCH FUNDS AND THE RECEIPT OF ALL NECESSARY APPROVALS, INCLUDING, BUT NOT LIMITED TO THE CITY ATTORNEY AND BOND COUNSEL APPROVAL; RATIFYING, APPROVING, AND CONFIRMING CERTAIN NECESSARY ACTIONS BY THE CITY MANAGER AND DESIGNATED CITY DEPARTMENTS IN ORDER TO UPDATE THE CAPITAL PLAN, RELEVANT FINANCIAL CONTROLS AND COMPUTER SYSTEMS IN CONNECTION THEREWITH, FOR PROJECT CLOSE-OUTS, AND FOR GRANTS AND OTHER FUNDING SOURCES IN PROGRESS IN CONNECTION HEREWITH; AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE, ANY AND ALL DOCUMENTS, INCLUDING, BUT NOT LIMITED TO, AGREEMENTS, AMENDMENTS, MODIFICATIONS, AND MEMORANDUM OF UNDERSTANDING, ALL IN FORMS ACCEPTABLE TO THE CITY ATTORNEY, NECESSARY FOR THE PURPOSES STATED HEREIN. Sponsor(s): Commissioner Manolo Reyes Notes: Links: Attachments: 15174 Exhibit A (PDF) City of Miami Page 1 of 2 Printed on: 7/18/2025 City of Miami Master Report Enactment Number: R-23-0549 History of Legislative File: City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Revision: Acting Body: Date: Action: Result: Legislative Division 12/5/2023 Legislative Division Review Completed Xavier Alban 12/5/2023 ACA Review Completed Donovan Dawson 12/5/2023 Budget Analyst Review Completed Marie Gouin 12/5/2023 Budget Review Completed Victoria Mendez 12/5/2023 Approved Form and Completed Correctness City Commission 12/14/2023 Meeting Completed City Commission 12/14/2023 ADOPTED Passed Mayor's Office 12/24/2023 Unsigned by the Mayor Completed City Clerk's Office 12/24/2023 Signed and Attested by the City Completed Clerk City Clerk's Office 12/26/2023 Rendered Completed City of Miami Page 2 of 2 Printed on: 7/18/2025