Temp. Reso. #R6567 amending and supplementing Resolution No. 05-60 adopted by the City Commission of the City on November 17, 2004; authorizing the refunding of all of the City's outstanding Utility System Improvement Revenue Bonds, Series 2007, in order to achieve debt service savings for the City; authorizing the issuance of not-to-exceed $40,000,000 in aggregate principal amount of City of Miramar, Florida Utility System Refunding Revenue Bonds, Series 2017, in order to effect such refunding; making certain covenants and agreements in connection with the issuance of such Series 2017 Bonds; authorizing a negotiated sale of said Series 2017 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 Series 2017 Bonds; authorizing the distribution of a preliminary official statement and the execution and delivery of an official statement with respect thereto; appointing the paying agent and registrar for said Series 2017 Bonds; authorizing the execution and delivery of a Continuing Disclosure Agreement with Digital Assurance Certification, L.L.C.; delegating authority to the City Manager to determine whether to utilize Municipal Bond Insurance for the Series 2017 Bonds; delegating authority to the City Manager to determine the reserve account requirement for the Series 2017 Bonds and whether to utilize a reserve account insurance policy with respect thereto. (Finance Director Claudia Dixon)

Committee

CITY COMMISSION REGULAR MEETING

Requested by

Finance

Introduced

September 25, 2017

On agenda

October 4, 2017

Passed

December 31, 2023