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City of South Miami
Special City Commission Minutes
September 24, 2012
A. SILENCE OR TURN OFF ALL CELL PHONES
B. ADD-ON ITEM(S)
C. ROLL CALL
The following members of the City cg~~ission were present: Mayor Stoddard, Vice
Mayor Liebman, Commissioner Newman, cg"/j;'Jlijjfl~ner Harris, Comhlissioner Welsh
Also in attendance were: City Attorri'e/;i~,/romas,F;Pepe, Esq./CityManager Hector
Mirabile, Ph.D, and City Clerk MariaM. Menendez;ftGIYl~f;~/'
D. MOMENT OF SILENCE
E. PLEDGE OF ALLEGIANCE
F.
G.
LOBBYIST(S)';'~~~~::;I~G'fHE CITY
REGISTERED vifj-~[HE CITVCLERK
ORbl~ft.~t~f~):.SE~~t~~;~'NGkUBliC
MISSION TONIGHT MUST HAVE BEEN
An ~r~i'~i~~;ce authorizing thei~~~ance of its Capital Improvement Revenue
.. ,.' .. RefundingNoie, Series' 2012, in the principal amount not to exceed
"$5,800,000, fdrthe purpose of refinancing certain of the City's outstanding
il'lcl~btedness anclpaying the costs of issuance of the Note and of refinancing
sucl1'fndebtedness; covenanting to annually budget and appropriate funds
from Legally Available Non-Ad Valorem Revenues to repay such Note;
providing the form, terms and details of the Note; awarding the Note to
Branch Banking and Trust Company by negotiated sale; making certain
covenants and agreements in connection therewith; authorizing and directing
officers and employees of the City to take all necessary actions and execute all
necessary documents. 5/5 (City Manager-Finance)
CITY COMMISSION MINUTES
September 24, 2012
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1 The public hearing was opened. Bradley Cassel addressed the Commission
2 commending staff for the job well done.
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4 With no further speakers the public hearing was closed.
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6 Moved by Mayor Stoddard, seconded by Commissioner Harris, the motion to approve
7 Ordinance no. 18-12-2134 authorizing the issuance of its Capital Improvement Revenue
8 Refunding Note, Series 2012, in the principal amount not to~x:¢e~d $5,800,000, for the purpose
9 of refinancing certain of the City's outstanding indebtednEl~~l~'~d paying the costs of issuance of
10 the Note and of refinancing such indebtedness, passeg""';.~k·O vote:
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Yea:
Nay:
H.
Attest
Maria M.Menendez
City Clerk
CITY COMMISSION MINUTES
September 24, 2012
Mayor Stodci.ard
Vice Miwpi,fiebman
Commi~~1bher Newman
commissi8h~r.Harris< Commission~W:WEllsh)!::::/
<~~~roved
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Philip K. Stoddard
Mayor