Share to Facebook Share to Twitter Bookmark and Share
File #: #R7378    Version: 1 Name: Temp. Reso. #R7378 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF MIRAMAR, FLORIDA AUTHORIZING THE ISSUANCE NOT-TO-EXCEED $55,000,000 IN AGGREGATE PRINCIPAL AMOUNT OF CITY OF MIRAMAR, FLORIDA TAXABLE SPECIAL OBLIGATION REFUNDING REVENUE BONDS, SERIES
Type: Resolution Status: Agenda Ready
File created: 3/9/2021 In control: CITY COMMISSION REGULAR MEETING
On agenda: 6/16/2021 Final action:
Title: Temp. Reso. #R7378 authorizing the issuance of City of Miramar, Florida Taxable Special Obligation Refunding Revenue Bonds, Series 2021, not exceeding $55,000,000 in aggregate principal amount, to refund a portion of the City's outstanding Special Obligation Refunding and Improvement Revenue Bonds Series 2013 in order to achieve debt service savings; covenanting to budget and appropriate certain legally available non-ad valorem revenues of the City to pay debt service on the bonds; providing for the rights of the holders of the bonds; making certain other covenants and agreements in connection with the bonds; authorizing a negotiated sale of said bonds; delegating certain authority to the City Manager for the authorization, execution and delivery of a Purchase Contract with respect thereto and the approval of the terms and details of said bonds; appointing the paying agent and registrar for said bonds; authorizing the distribution of a preliminary official statement and the execution a...
Attachments: 1. R7378 Taxable Special Obligation Refunding Revenue Bonds, Series 2021 with backup
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
No records to display.

CITY OF MIRAMAR

PROPOSED CITY COMMISSION AGENDA ITEM

 

Item Description:

Title

Temp. Reso. #R7378 authorizing the issuance of City of Miramar, Florida Taxable Special Obligation Refunding Revenue Bonds, Series 2021, not exceeding $55,000,000 in aggregate principal amount, to refund a portion of the City's outstanding Special Obligation Refunding and Improvement Revenue Bonds Series 2013 in order to achieve debt service savings; covenanting to budget and appropriate certain legally available non-ad valorem revenues of the City to pay debt service on the bonds; providing for the rights of the holders of the bonds; making certain other covenants and agreements in connection with the bonds; authorizing a negotiated sale of said bonds; delegating certain authority to the City Manager for the authorization, execution and delivery of a Purchase Contract with respect thereto and the approval of the terms and details of said bonds; appointing the paying agent and registrar for said bonds; authorizing the distribution of a preliminary official statement and the execution and delivery of a Final Official statement with respect to such bonds; authorizing the execution and delivery of a Disclosure Dissemination Agent Agreement with Digital Assurance Certification, L.L.C.; delegating certain authority to the City Manager to determine whether to utilize municipal bond insurance for the bonds; authorizing the execution and delivery of an Escrow Deposit Agreement and appointing the Escrow Agent thereto.  (Financial Services Director Kevin E. Adderley)