Type of Reading
1:35 p.m. Second Reading Public Hearing
Type of Reading
First Reading PH on April 20, 2022 - R7 A
A Resolution Of The Mayor And City Commission Of The City Of Miami Beach, Florida Authorizing The Issuance Of (i) Not To Exceed $22,000,000 In Aggregate Principal Amount Of City Of Miami Beach, Florida Parking Revenue Bonds, Series 2022a, For The Principal Purpose Of Paying The Cost Of Certain Improvements To The Parking System, And (ii) Not To Exceed $70,000,000 In Aggregate Principal Amount Of City Of Miami Beach, Florida Parking Revenue Refunding Bonds, Taxable Series 2022b, For The Principal Purpose Of Refunding All Or A Portion Of The City’s Outstanding Parking Revenue Bonds, Series 2015, Pursuant To Sections 209 And 210, Respectively, Of Resolution No. 2010-27491 Adopted By The City On September 20, 2010; Providing That Said Series 2022 Bonds And Interest Thereon Shall Be Payable Solely As Provided In Said Resolution No. 2010-27491 And This Resolution; Providing Certain Details Of The Series 2022 Bonds; Delegating Other Details And Matters In Connection With The Issuance Of The Series 2022 Bonds And The Refunding Of The Bonds To Be Refunded, Including Whether The Series 2022 Bonds Shall Not Be Secured By The Reserve Account And Whether To Secure A Credit Facility And/or A Reserve Account Insurance Policy, To The City Manager, Within The Limitations And Restrictions Stated Herein; Appointing Underwriters, A Bond Registrar, An Escrow Agent And A Disclosure Dissemination Agent; Authorizing The Negotiated Sale Of The Series 2022 Bonds And Approving The Form Of And Authorizing The Execution Of A Bond Purchase Agreement; Authorizing And Directing The Bond Registrar To Authenticate And Deliver The Series 2022 Bonds; Approving The Form Of And Distribution Of A Preliminary Official Statement And An Official Statement And Authorizing The Execution Of The Official Statement; Providing For The Application Of The Proceeds Of The Series 2022 Bonds And Creating Certain Funds, Accounts And Subaccounts; Authorizing The Refunding, Defeasance And Redemption Of The Bonds To Be Refunded And Approving The Form Of And Authorizing The Execution And Delivery Of An Escrow Deposit Agreement; Authorizing A Book-entry Registration System With Respect To The Series 2022 Bonds; Covenanting To Provide Continuing Disclosure In Connection With The Series 2022 Bonds And Approving The Form Of And Authorizing The Execution And Delivery Of A Continuing Disclosure Agreement; Authorizing Officers And Employees Of The City To Take All Necessary Related Actions; And Providing For An Effective Date.