City of Miami Beach
Special City Commission Meeting
Commission Chambers, 3rd Floor, City Hall
1700 Convention Center Drive
June 23, 2000


Call to Order - 9:48 a.m.

Request for Additions, Withdrawals, Deferrals


R7 - Resolutions

R7A Commission Memorandum No. 487-00

A Resolution Authorizing the Issuance of Not Exceeding $30,000,000 in Aggregate Principal Amount of General Obligation Bonds to Pay the Costs of Certain Projects as Described Herein and Certain Costs of Issuance, by Borrowing Funds from the Gulf Breeze, Florida, Local Government Loan Pool Program Pursuant to Two Loans Thereunder; Authorizing the Execution and Delivery of Loan Agreements; Authorizing the Execution and Delivery of Fixed Rate Notes to Evidence the Obligation of the City to Repay Such Loans; Providing Security for the Repayment of the Loans and the Notes; Delegating Certain Matters to the Mayor; Authorizing the Execution and Delivery of Continuing Disclosure Certificates; Authorizing Other Matters Pertaining to the Loans and the Financing Program; and Providing for an Effective Date.

Administration Recommendation: Adopt the Resolution.

(Finance Department)

ACTION: Resolution No. 2000-23966 adopted. Motion made by Commissioner Bower; seconded by Commissioner Garcia. Voice vote: 4-0; Absent: Commissioner Cruz, Commissioner Smith, Commissioner Liebman.

Commissioner Garcia questioned the financing of the fire trucks. Patricia Walker will be forwarding the analysis regarding lease vs purchase.

Commissioner Dermer, the Chairman of the Oversight Committee, expressed his concerns as to the process for these projects, he expressed these types of issues should be addressed to the GO Bond Committee prior to referring it to the Finance and Citywide Projects Committee.

He also expressed concern with the GO Bond report which will be sent to the commission for approval. The concern is the intermingling of the Public Works issue with the GO Bond issue. The GO Bond Committee felt it did not have the jurisdiction to approve the Public Works issue. The GO Bond Committee, froze the 6th Street project, the 10th Street project and the Shane Water sports project.

Commissioner Bower asked if the monies which are being approved today for these projects, have they already been approved by the commission? Patricia Walker replied today some have and others are anticipated to go before the city commission in the near future.

Meeting adjourned at 10:01 am

End of Agenda