HomeMy WebLinkAboutMaster ReportCity of Miami
Master Report
Enactment Number: R-26-0193
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 19153
Revision: A
File Name: Authorize - SBLC - Northside of Watson Island
Requesting Dept: City Manager's Office
File Type: Resolution Status: ADOPTED WITH
MODIFICATION(S)
Controlling Body: City Commission
Introduced: 4/7/2026
Final Action Date: 4/23/2026
Title: A RESOLUTION OF THE CITY OF MIAMI, FLORIDA, AUTHORIZING THE CITY
MANAGER TO SUBMIT AN APPLICATION FOR A SECURED OR UNSECURED
STANDBY LETTER OF CREDIT ("SBLC") WITH WELLS FARGO BANK, N.A., IN A
TOTAL AMOUNT NOT TO EXCEED TEN MILLION AND 00/100 DOLLARS
($10,000,000.00) IN FAVOR OF THE STATE OF FLORIDA DEPARTMENT OF
ENVIRONMENTAL PROTECTION ("FDEP"), ON BEHALF OF THE BOARD OF
TRUSTEES OF THE INTERNAL IMPROVEMENT TRUST FUND OF THE STATE OF
FLORIDA (THE "TIITF"), AS THE LETTER OF CREDIT REQUIRED PURSUANT TO
THE INTERAGENCY AGREEMENT RELATING TO THE PARTIAL RELEASE OF DEED
RESTRICTIONS BETWEEN TIITF AND THE CITY OF MIAMI ("CITY'); PROVIDING
THAT THE ANNUAL FEE FOR THE SBLC SHALL BE IN AN AMOUNT NOT TO
EXCEED ONE HUNDRED FOUR THOUSAND, FIVE HUNDRED AND 00/100 DOLLARS
($104,500.00); FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND
EXECUTE ANY AND ALL NECESSARY AGREEMENTS AND DOCUMENTS, ALL IN A
FORM ACCEPTABLE TO THE CITY ATTORNEY, IN CONNECTION WITH THE SBLC;
AND PROVIDING FOR AN EFFECTIVE DATE.
Notes:
Links:
Attachments: 19153 Back -Up Documents
History of Legislative File:
(PDF)
Revision: Acting Body:
Date: Action: Result:
Aniska Elliott
Marie Gouin
Legislative Division
Erica T. Paschal
Natasha Colebrook -Williams
Xavier Alban
George K. Wysong III
City Commission
City Commission
4/7/2026
4/8/2026
4/8/2026
4/10/2026
4/10/2026
4/14/2026
4/14/2026
4/23/2026
4/23/2026
A Mayor's Office 5/1/2026
A City Clerk's Office 5/1/2026
A Legislative Division
A Xavier Alban
5/8/2026
5/11/2026
Budget Analyst Review
Budget Review
Legislative Division Review
CFO Review
Approved on behalf of the City
Manager
Deputy Attorney Review
Approved Form and
Correctness
Meeting
ADOPTED WITH
MODIFICATION(S)
Signed by the Mayor
Signed and Attested by the City
Clerk
Legislative Division Review
Deputy Attorney Review
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Passed
Completed
Completed
Completed
Completed
City of Miami Page 1 of 2 Printed on: 5/12/2026
City of Miami
Master Report
Enactment Number: R-26-0193
A George K. Wysong III 5/11/2026
A City Clerk's Office
5/12/2026
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Approved Form and
Correctness with Modification(s)
Rendered
Completed
Completed
City of Miami Page 2 of 2 Printed on: 5/12/2026