HomeMy WebLinkAboutMaster ReportCON, 01.41
City of Miami
Department Head Review
Completed
Christopher M Rose
6/12/2017
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Master Report
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6/12/2017
File Number: 2347
Revision: A
Enactment Number: R-17-0288
File Type: Resolution
File Name: Special Obligation Bonds for Citywide Environmental
Remediation
Requesting Dept: Department of Finance
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Status: ADOPTED WITH
MODIFICATION(S)
Controlling Body: City Commission
Introduced: 5/15/2017
Final Action Date: 6/22/2017
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), PROVIDING
FOR THE ISSUANCE IN A NOT TO EXCEED AMOUNT OF TWENTY-SEVEN MILLION FIVE
HUNDRED THOUSAND DOLLARS ($27,500,000.00) IN PRINCIPAL AMOUNT OF A CITY OF
MIAMI, FLORIDA ("CITY") SPECIAL OBLIGATION BOND, SERIES 2017 ('BOND") AND THE
COSTS OF ISSUANCE THEREOF FOR ENVIRONMENTAL REMEDIATION AND MARINE
STADIUM FLEX PARK CAPITAL IMPROVEMENTS PROJECTS (COLLECTIVELY,
"PROJECTS"); APPROVING THE SELECTION OF THE PRIVATE PLACEMENT PROPOSAL
FROM RAYMOND JAMES CAPITAL FUNDING, INC. ("RAYMOND JAMES") AND
EXECUTION THEREOF BY THE CITY MANAGER; PROVIDING FOR THE PRIVATE
PLACEMENT WITH AND NEGOTIATED SALE OF SAID BOND TO RAYMOND JAMES;
SETTING CERTAIN BASIC PARAMETERS OF THE TERMS AND CONDITIONS OF A LOAN
AGREEMENT AND THE BOND; AUTHORIZING THE NEGOTIATION, EXECUTION AND
DELIVERY BY THE CITY MANAGER, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY
AND BOND COUNSEL, OF A LOAN AGREEMENT, THE BOND, AND ALL OTHER
NECESSARY AGREEMENTS, DOCUMENTS, AND INSTRUMENTS IN CONNECTION
THEREWITH; MAKING CERTAIN FINDINGS AND DETERMINATIONS; FURTHER
AUTHORIZING ALL REQUIRED ACTIONS BY THE CITY MANAGER, THE CITY ATTORNEY,
BOND COUNSEL, CHIEF FINANCIAL OFFICER, FINANCE DIRECTOR, FINANCIAL
ADVISOR, AND ALL OTHER CITY OFFICIALS IN CONNECTION THEREWITH; RATIFYING,
APPROVING AND CONFIRMING CERTAIN NECESSARY ACTIONS BY THE CITY
MANAGER AND DESIGNATED DEPARTMENTS IN ORDER TO UPDATE THE RELEVANT
FINANCIAL CONTROLS AND COMPUTER SYSTEMS IN CONNECTION THEREWITH; AND
PROVIDING APPLICABLE EFFECTIVE DATES.
Sponsors:
Notes:
Links:
Attachments: 2347 Exhibit - Proposal (PDF)
2347 Exhibit - Draft Loan Agreement (PDF)
2347 Pre -Legislation (PDF)
History of Legislative File:
Revision: Acting Body: Date: Action: Result:
Erica T Paschal
5/24/2017
Department Head Review
Completed
Christopher M Rose
6/12/2017
Budget Review
Completed
Fernando Casamayor
6/12/2017
Assistant City Manager Review
Completed
Daniel J. Alfonso
6/12/2017
City Manager Review
Completed
Victoria Mendez
6/13/2017
Approved Form and
Completed
City of Miami
Page 1 of 2
Printed on: 10/20/2017
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City Commission
City Commission
A Victoria Mendez
A Mayor's Office
A City Clerk's Office
City of Miami
Master Report
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Enactment Number: R-17-0288
Correctness
6/22/2017
Meeting
Completed
6/22/2017
ADOPTED WITH
Failed
MODIFICATION(S)
6/22/2017
Approved Form and
Completed
Correctness with Modification(s)
6/22/2017
Signed by the Mayor
Completed
6/22/2017
Signed and Attested by the City
Completed
Clerk
City of Miami Page 2 of 2 Printed on: 10/20/2017