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City of South. Miami
Special City Commission Minutes
August 9, 2011
A. SILENCE OR TURN OFF ALL CELL PHONES
The City Commission of the City of
in special session on Tuesday, August 9
p.m., in the City Commission Chambers,-
ADD -ON ITEMS)
11133 E0KGla1"
The following memb
Mayor Philip K. Stod<
Commissioners Brian
Commissioner Velm Pali
telephone confer; y
Also in
Clerk Maria M.
the
th Miami, Florida met
31, beginning at 7:45
Sunset Drive.
vnission
Valerie
Walter
a t e r
were present:
Newman, and,
A. Harris.
contacted via
=torney Thomas F. Pepe, City
ger Hector Mirabile.
ssiZher Palmer:
Mayor Newman:
ssioner Beasley
ssioner Harris:
Stoddard:
At approximately 10:18
Commission was able to
Commissioner Palmer. Based
92 -44, Commissioner Palmer
Commission via telephone.
SPECIAL CITY COMMISSION
MINUTES
August 9, 2011
by Commissioner Beasley,
until the arrival of
Absent
Yea
Yea
Yea
Yea
p.m. the meeting reconvened and the
establish a conference call with
on Attorney General's Opinion (AGO)
was able join the rest of the
1.
I D. ORDINANCE(S) SECOND READING PUBLIC HEARINGS)
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22 -11 -2095
1. An Ordinance of the Mayor and City Commission of the
City of South Miami, Florida authorizing a loan in a
principal amount not to exceed $7,900,000 to refund
certain of the City's outstanding indebtedness, to pay
the Internal Revenue Service amount s4towed pursuant to
certain settlement agreements , related costs
thereof and to pay the costs of i . nce of such loan;
approving the form of a taxab�e d4nue note, Series
2011 and loan agreement; autzingtain officials
of the City to take any ac 's requir and to enter
into any documents necessfor the prep ent of its
loans with SunTrust Ban end the Florida Municipal
Loan Council including,i� k, eces °:ry, exe ing on
behalf of the Ci one of m4l escrow posit
agreements; and proms a g an ef�ve date. 5/5
(City Mangy , nance�t. )
Moved by Mayor Stodda" se fed b" ice Mayor Newman to
approve this it
0.;
Mayor Stp(d and
k"6�1 me at th re were some minor
corrections to� to ordinance relating to the
authorized gnato -'e Mirile further provided further ano
expl an " "�''. theus o, a gotiations with the IRS and
the xfe
T1ublic heat -..q opened and closed with no speakers.
Move , Commisftoner ..Beasley to amend the ordinance on
page 2, line = 6 -17 read: "Authorized Signatories means the
City Manager ng City Manager..." Seconded by Mayor
Stoddard, the mo assed by a 5 -0 vote:
SPECIAL CITY COMMISSION
MINUTES
August 9, 2011
Commissioner Palmer: Yea
Vice Mayor Newman: Yea
Commissioner Beasley: Yea
Commissioner Harris: Yea
Mayor Stoddard: Yea
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Moved by Commissioner Beasley to amend the ordinance on
page 5, line 17 to read: "This ordinance shall become effective
upon enacted." Seconded by Mayor Stoddard, the motion passed by
a 5 -0 vote:
Commissioner Palmer:
Vice Mayor Newman:
Commissioner Beasley
Commissioner Harris:
Mayor Stoddard: A
Moved by Commissioner B
page 5, line 27 to read:
Language, Legality and Exec
Newman, the motion passed by a
At this t.
had any probl
said that thel,
Bank is a legal
as
Attest
Maria M. Menendez
City Clerk
SPECIAL CITY COMMISSION
MINUTES
August 9, 2011
Commissioner
Yea
Yea
Yea
Yea
Yea
ordinance on
as to Form,
Vice Mayor
staff whether they
document. Mr. Reiter
x into with SunTrust
motion to approve this item
oner Palmer:
a}r Newman:
sioner Beasley:
sioner Harris:
Stoddard:
3
Approved
Philip K. Stoddard
Mayor