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)

Committee

CITY COMMISSION REGULAR MEETING

Requested by

Finance

Introduced

March 9, 2021

On agenda

June 16, 2021