HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM
i t94f OJag �
ZR FILE ID: 15-00698
Date: 7/14/15 Requesting Department: Office of Management and Budget
Commission Meeting Date: 7/23/2015 District Impacted: Citywide Law Department
Type: H Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item Matter ID No.
❑ Other
Subject: A resolution continuing compliance with the 2010 Series Marlins Stadium Project bonds, closingout ut the
Series 2010A Tax -Exempt Bonds.
Purpose of Item:
A resolution of the Miami City Commission with attachments, in compliance with the Marlins Stadium Project
Series 2010 Bond Resolution (No. R-09-0509), the associated tax certificates, and applicable federal, state, and
local laws; authorizing the City Manager and all other necessary officials, employees, and/or agents of the City
of Miami to take all actions required to close out the Series 2010A Tax -Exempt Bonds (including amendments
to previous capital construction fund appropriations and other funds for the current fiscal year and the previous
two fiscal years); ratifying, approving, and confirming certain necessary actions by City staff to update the
relevant financial controls and computer systems in connection therewith.
Background Information:
To remain in compliance with all applicable laws and regulations, authorization is requested to use all remaining
bond proceeds from the Marlins Stadium. Project Series 2010A Tax -Exempt Bonds to pay debt service.
Budget Impact Analysis
YES Is this item related to revenue?
YES Is this item an expenditure? If so, please identify funding source below.
General Account No:
Special Revenue Account No:
CIP Project No:
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost: _
Maintenance Cost:
Total Fiscal Impact: $9,277,828.96
Final Approvals
(SIGN AND DATE)
CIP Budget
If usihA or receiving capital funds
Grants N/A Risk Management's N/A
Purchasing N/A Dept. Director
e ) ;V
Chief _ City Managenmlti.'
Page 1 of 1