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HomeMy WebLinkAboutMemorandumCITY OF MIAMI INTER -OFFICE MEMORANDUM To: Honorable Members Date: September 27, 2019 of the City Commission �- Subject: Miami Forever Bond Program - Citizens' Oversight Board From: Todd B. Hannon References: Agenda for October 10, 2019 City Clerk Enclosures: List of members The Miami Forever Bond Program Citizens' Oversight Board was created (1) to serve in an advisory capacity to the Mayor, City Commission, and City Administration related to the monitoring of the expenditure of bond proceeds derived from the issuance of the general obligation bonds approved by the electorate on November 7, 2017 for capital projects to reduce flooding risks; improve stormwater infrastructure; enhance public safety; and improve affordable housing, economic development, parks, cultural facilities, streets, and infrastructure; (2) to review and report to the Mayor, City Commission, and City Administration on the proper and efficient use of all bond proceeds and request that vendors, contractors, consulting project managers, and any other entity or person receiving funding to appear before the Board to answer questions regarding the status of such funded projects; and (3) to review quarterly expenditure reports produced by the City to ensure that bond proceeds are expended on time, on schedule, and only for the purposes set forth in the ballot measure. Code Section 2-1340(b) requires that all members shall be permanent residents of the City and shall have good reputations for integrity and community service. Furthermore, all members shall be qualified and distinguished by their education; experience; community advocacy or involvement, or attainments in public or private finance, professional engineering, project management, affordable housing, or resiliency and sustainability. No member shall have a conflict of interest with any project, vendor, contractor, consultant, or other entity or person receiving funding from the proceeds of the general bond issuance or interest derived therefrom. One at -large member nominated by each of the five commissioners for a one-year term, with nominations in rotating years in the following order: district 1, district 5, district 2, district 4 district 3. Thereafter, all members shall be appointed in the same order as above first established by appointments from commissioner districts. One (1) Employment waiver is required at this time: Ralph Rosado, appointed by Commissioner Manolo Reyes on October 11, 2018, a full-time employee for North Bay Village and a City resident, requires a waiver of the employment restriction of Section 2-884(e) by a 4/5ths affirmative vote of the Commission. For your convenience, we are including a copy of the membership of the board. By copy of this memorandum, we are requesting that the Agenda Office place this issue on the October 10, 2019, Commission Agenda. TBH:ne c: Luis Perez-Codina, Liaison Robin Jones -Jackson, Senior Assistant City Attorney Miriam M. Santana, Agenda Coordinator