HomeMy WebLinkAboutMaster ReportC,tti 01' t/
� IMLP6P OL4�IP <
File Number: 5479
Revision: A
City of Miami
Master Report
Enactment Number: 13827
File Type: Ordinance
File Name: Approve - Revolving Line of Credit - Miami Parking
Authority
Requesting Dept: Off -Street Parking Board/Miami Parking
Authority
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Status: ADOPTED WITH
MODIFICATION(S)
Controlling Body: City Commission
Introduced: 2/4/2019
Final Action Date: 3/28/2019
Title: AN ORDINANCE OF THE MIAMI CITY COMMISSION, WITH ATTACHMENTS,
PROVIDING FOR THE BORROWING IN THE FORM OF A REVOLVING LINE OF
CREDIT IN A TOTAL AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED TEN
MILLION DOLLARS ($10,000,000.00) (COLLECTIVELY, "LINE OF CREDIT") FROM
CAPITAL BANK, A DIVISION OF FIRST TENNESSEE BANK, NATIONAL
ASSOCIATION, TO FINANCE THE PROJECTS DESCRIBED BELOW; PROVIDING
FOR THE ISSUANCE OF THE CITY OF MIAMI TAX-EXEMPT PARKING SYSTEM LINE
OF CREDIT NOTE, SERIES 2019A AND CITY OF MIAMI TAXABLE PARKING SYSTEM
LINE OF CREDIT NOTE, SERIES 2019B (COLLECTIVELY, "NOTES"); PAYABLE
FROM PARKING SYSTEM REVENUES OF THE CITY'S DEPARTMENT OF OFF-
STREET PARKING A/K/A MIAMI PARKING AUTHORITY ("MPA"); PROVIDING FOR
THE PAYMENT OF THE NOTES; AUTHORIZING THE NEGOTIATION AND THE
EXECUTION BY THE CITY MANAGER, THE MPA'S CHIEF EXECUTIVE OFFICER,
MPA'S CHIEF FINANCIAL OFFICER, AND ALL OTHER NECESSARY CITY AND MPA
OFFICIALS OF THE NOTES AND ALL FINANCING DOCUMENTS IN CONNECTION
WITH THE NOTES, ALL IN A FORM ACCEPTABLE TO THE CITY ATTORNEY AND
BOND COUNSEL; AUTHORIZING FURTHER OFFICIAL ACTION IN CONNECTION
WITH THE DELIVERY OF THE NOTES; AND PROVIDING AN EFFECTIVE DATE.
Notes:
Links:
Attachments: 5479 Exhibit A
(PDF)
5479 Exhibit B (PDF)
5479 Exhibit C (PDF)
5479 Combined Attachment A
(PDF)
5479 Back -Up Documents (PDF)
5479 -Submittal -Art Noriega -Miami
Parking Authority Total Capital
Needs (PDF)
History of Legislative File:
Revision: Acting Body:
Date:
Action:
Result:
Barnaby L. Min
3/5/2019
Approved Form and
Completed
Correctness
City Commission
3/14/2019
Meeting
Completed
City Commission
3/14/2019
PASSED ON FIRST READING
Passed
City Commission
3/28/2019
Meeting
Completed
City Commission
3/28/2019
ADOPTED WITH
Passed
MODIFICATION(S)
City of Miami
Page 1 of 2
Printed on: 4/8/2019
A
A
A
A
CON,Ok-4,
City of Miami
Signed by the Mayor
City Clerk's Office
3/28/2019
Signed and Attested by the City
Master Report
.CIL
Victoria Mendez
Enactment Number: 13827
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Mayor's Office
3/28/2019
Signed by the Mayor
City Clerk's Office
3/28/2019
Signed and Attested by the City
Clerk
Victoria Mendez
3/28/2019
Approved Form and
Correctness with Modification(s)
City Clerk's Office
3/28/2019
Rendered
Completed
Completed
Completed
Completed
City of Miami Page 2 of 2 Printed on: 4/8/2019