HomeMy WebLinkAboutMemorandumCITY OF MIAMI
INTER -OFFICE MEMORANDUM
To: Honorable Mayor and
Date:
December 20, 2018
Members of the City Commission
Subject:
Finance Committee
From: Todd B. Hannon
References:
Agenda for January 10, 2019
City Clerk
Enclosures:
List of members
The Finance Committee, a seven (7) member board was created to review and make
recommendations regarding the issuance of debt obligations and the management of outstanding
debt. The committee will consider all issues related to outstanding and proposed debt obligations,
and will vote on issues affecting or relating to the credit worthiness, security and repayment of such
obligations, including but not limited to procurement of services, structure, repayment terms and
covenants of the proposed debt obligation, and issues which may affect the security of the bonds and
ongoing disclosure to bondholders and interested parties.
Six (6) appointments are needed at this time:
• Mayor Francis Suarez has one (1) nomination for a seat currently held by: '
1. Eli Feinberg, incumbent, whose term expired on March 12, 2016, has served as a
member since July 21, 1998, and will require a term waiver by a unanimous (5/5)
vote of the Commission.
• Chair Keon Hardemon has one (1) nomination for a seat currently held by:2
1. Lynda Harris, incumbent, whose term expired on March 9, 2018, and will require a
4/5ths waiver of the residency requirement, per Section 2-884(a) of the Code.
• Vice Chair Ken Russell has one (1) nomination for a seat currently:
1. Vacant. (Richard Brodsky resigned effective October 31,2018)
• Commissioner Wifredo (Willy) Gort has one (1) nomination for a seat currently held by:'
1. Fausto Alvarez, incumbent, whose term expired on November 16, 2018.
• Commissioner Joe Carollo has one (1) nomination for a seat currently held by:4
1. Eric Zichella, incumbent, whose term expired on March 11, 2017.
1 This item was continued from March 11, 2016, April 14, 2016, May 12, 2016, June 9, 2016, July 14, 2016, September 8, 2016,
October 13, 2016, November 17, 2016, December 8, 2016, January 12, 2017, February 9, 2017, March 9, 2017, April 13, 2017,
May 11, 2017, June 8, 2017, July 13, 2017, September 19, 2017, October 12, 2017, January 11, 2018, February 8, 2018, March 8,
2018, April 12, 2018, May 10, 2018, June 14, 2018, July 12, 2018, September 13, 2018, October 11, 2018, November 15, 2018,
and December 13, 2018, Commission meetings.
2 This item was continued from March 8, 2018, April 12, 2018, May 10, 2018, June 14, 2018, July 12, 2018, September 13, 2018,
October 11, 2018, November 15, 2018, and December 13, 2018, Commission meetings.
3 This item was continued from November 15, 2018, and December 13, 2018, Commission meetings.
4 This item was continued from January 11, 2018, February 8, 2018, March 8, 2018, April 12, 2018, May 10, 2018, June 14,
2018, July 12, 2018, September 13, 2018, October 11, 2018, November 15, 2018, and December 13, 2018, Commission
meetings.
City Manager Emilio T. Gonzalez has one (1) nomination for a seat currently held by:', 6
1. Erica T. Paschal, incumbent, whose term expired on January 11, 2018.
For your convenience, we are including a copy of the membership of the committee. By copy of this
memorandum, we are requesting that the Agenda Office place this issue on the January 10, 2019,
Commission Agenda.
TBH:ne
Erica Paschal, Director, Finance Dept.
Richara E. Brown, Liaison
Robin Jones Jackson, Senior Assistant City Attorney
Miriam M. Arcia, Agenda Coordinator
s Per Code Section 2-885(b), "When the nominating city manager leaves office the board member's term shall expire."
6 This item was continued from April 12, 2018, May 10, 2018, June 14, 2018, July 12, 2018, September 13, 2018, October 11,
2018, November 15, 2018, and December 13, 2018, Commission meetings.