HomeMy WebLinkAboutSubmittal-Elvis Cruz-PowerPoint Presentation (2)Submitted in the public
record for item(s)RE.4 & RE.15 ,
on 05/14/2026 City Clerk
Miami City Commission
Items RE-4, RE-1 5
Thursday, May 14, 2026
19183 Submittal -Elvis Cruz-PowerPoint Presentation
19230 1
Submitted in the public
record for item(s)RE.4 & RE.15 ,
on 05/14/2026 City Clerk
HOME AM) C}FFENSE UGHF .)RKOOD iMPROVEMENT ONl.ISS1_'E
ELECTtOP NOVEMBER 13, 2001
MORNINGSIDE .PARK -PROJECT
APPROVAL OF THIS BOND ISSUE WILL.P'ROV1D
THE FOLLOWING IMPROVEMENTS TO THIS PARK_:
...PLAYGROUND EQUIPMENT t:IPGRAD 5 POOL_Fr PROV ENTB
-51TE FURNISHINGS 'SPORTS TURF UPGRADES
.PARKING LOT RENOVATIONS COURT UPGR.AD?LS.
+1I RIOATI ',4'L,w!'°lD5GAiPINOI PR VEMENT".!
-FtESTiiCOOM & CONCESSION BUILDING RENOVATIONS
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THE C 1 TY OF AMI
• HOMELAND DEFENSENEICEIBORHOOD iMPROVEMPsT BOND Mt L
ELECTION NOVEMBER 13, 2001
_I.
MORNINGS1DE PARK PROJECT
APPROVAL OF THIS BOND ISSUE WILL:PROVIDE
THE FOLLOWING IMPROVEMENTS
TO THIS PARK:
-PLAYGROUND EQUIPMENT 'GRADE SWMM.fl0 POOL :ffiCPRID-VEMENTS
=SITE FURNISHINGS ,SPOITT$ TURF UPGRADES
•PARKI NG LOT RENOVATIONS - --COURT UPGRADES
.1RP.IDATIOM LANDSCAPING- IMPROVEJ4CHTS
-RESTRDOM & CONCESSION EIVILDING RENOVATIONS -
.L5roCangS1;
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.._ Submitted in the public
record for item(s)RE.4 & RE.15
on 05/14/2026 City Clerk
•
HOMELAND i EFE\ 'E{NETCHH.11 RI100DD :.MPR V IENT BOND .ISSU E.
ELECTION NOVEMBER 13, 2001
NIORNINGS11)E PARK PROJECT
APPROVAL OF THIS BOND ISSUE WILL PROVIDE
THE FOLLOWING IMPROVEMENTS TO THIS PARK:
-PLAYGRQIJ#ia'EQUIPMENT UPGRADES iS1 11i1 JICNG POOL IMPROVES/TENTS
=SITE FU NISNING ',SPORTS TURF UPGRADES
•PARKI NG LOT. RENOVATIONS-cotiRT UPGRADE
.IRRICICAT ON L;NQ5C&PI G IMPROVEMENTS
rS.
-RLSTWQOM & CONCESSION IIUILOINO_RENOVATIDN
•
Submitted in the public
record for item(s)RE.4 & RE.15 ,
on 05/14/2026 City Clerk
Submitted in the public
record for item(s)RE.4 & RE.15 ,
on 05/14/2026 Cit
The City of Miami
Submitted in the public
record for item(s)RE.4 & RE.15
on 05/14/2026 City Clerk
loves to do things for its own
comfort and convenience,
even if it's at the public's
discomfort and inconvenience
and expense.
7
$450 Million is about
a thousand dollars
for every man,
woman and child
in the city!
8
Submitted in the public
record for item(s)RE.4 & RE.15 ,
on 05/14/2026 City Clerk
record for item(s)RE.4 & RE.15,
on 05/14/2026 City Clerk
Submitted in the public
for & RE.15 ,
on Clerk
CITY OF MIAMI, FLORIDA
Annua m rehensive
FGi
1
or-
FISCAL YEAR ENDED
SEPTEMBER 30, 2025
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Synopsis of Bond Covenants
Submitted in the public
record for item(s)RE.4 & RE.15 ,
on 05/14/2026 City Clerk
Debt service for general obligation bonds is provided for by a tax levy on non-exempt property value. The
total general obligation debt outstanding is limited by the City Charter to 15 percent of the assessed non-
exempt property value. At September 30, 2025, the statutory debt limitation of assessed non-exempt
property value for the City amounted to $15.30 billion providing a debt margin of $15.03 billion after
consideration of $288.56 million of general obligation bonds outstanding at September 30, 2025, and
adjusted for the fund balance of $20.54 million in the related Debt Service Fund.
Special Obligation debt of the City for which no revenue is pledged is collateralized by covenants to
budget and appropriate non -ad -valorem revenues, and tax increment revenue in accordance with their
bond indentures. The bond indentures require that sufficient funds be available in the sinking fund to
meet the annual debt service requirements. At September 30, 2025, the City had approximately $1.4
million available in the sinking fund to meet this requirement. Principal and interest to be paid in
subsequent years totals $900.5 million on all other Special Obligation debt of the City.
2025 Annual Comprehensive Financial Report page 92
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Submitted in the public
record for item(s)RE.4 & RE.15 ,
on 05/14/2026 City Clerk
Almost 1.2 Billion
dollars of debt !
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MWVifi ODAY
IDebt payment concerns echo from baseball stadium debacle
Written by Michael Lewis on July 30, 2024
1
Submitted in the public
record for item(s)RE.4 & RE.15 ,
on 05/14/2026 City Clerk
A shift in bank letters of credit for $ioo million in bonds reactivates
an appalling baseball stadium deal that left taxpayers on the hook for
$3 billion.
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Submitted in the public
Please: post an on-hne
spreadsheet listing
all current bonds,
debts and obligations.
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coconut grove
P•'LIGHT
Local News. Local Matters.
Shady Dealings: For the City of Miami, Tree
Removal is a Lucrative Business
by David Villano on December 2, 2024
Submitted in the public
record for item(s)RE.4 & RE.15 ,
on 05/14/2026 City Clerk
"...City of Miami officials have refused
repeated requests for a detailed report
of Tree Trust Fund expenditures... "
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Transparency is essential
record for item(s)RE.4 & RE.15 ,
on 05/14/2026 City Clerk
to a fair, honest and
financially responsible
democracy.
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Submitted in the public
record for item(s)RE.4 & RE.15 ,
on 05/14/2026 City Clerk
Thank you
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