05-20-2010The ~~y cif
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MINUTES
CITY COMMISSION
WORKSHOP MEETING
May 20, 2010 9:15 a.m.
Aventura Government Center
19200 W. Country Club Drive
Aventura, Florida 33180
CALL TO ORDER/ROLL CALL: The meeting was called to order by Mayor Susan Gottlieb.
Present were Commissioners Zev Auerbach, Bob Diamond, Teri Holzberg, Luz Weinberg, Vice
Mayor Michael Stern, Mayor Susan Gottlieb, City Manager Eric M. Soroka, City Clerk Teresa M.
Soroka and City Attorney Susan Trevarthan. Commissioner Billy Joel was absent due to illness.
As a quorum was determined to be present, the meeting commenced.
1. DEBT REFUNDING OPPORTUNITIES (City Manager): Mr. Soroka advised the
Commission of the opportunity to refinance the Series 1999 Revenue Bonds, which were
issued originally to finance the construction of the Government Center as well as acquire
parks and Government Center sites.
CITY MANAGER SUMMARY: It was the consensus of the Commission that the Manager
take the necessary action to refinance the Series 1999 Revenue Bonds so long as the Net
Percentage of Value (NPV) savings as a percentage of the refunded bonds is at a level of
4% or more and the financing instrument/method results in the lowest cost to the City.
2. TEMPORARY USES IN TC1 ZONING DISTRICT TO SPUR BUSINESS GROWTH (City
Manager): Tabled to the June Workshop Meeting for further review.
3. ADJOURNMENT: There being no further business to come before the Commission at this
time, after motion made, seconded and unanimously passed, the meeting adjourned.
T resa M. S o C, City Clerk
Approved by the Commission on June 1, 2010.
Anyone wishing to appeal any decision made by the City Commission with respect to any matter considered at a meeting or hearing
will need a record of the proceedings and, for such purpose, may need to ensure that a verbatim record of the proceedings is made,
which record includes the testimony and evidence upon which the appeal is to be based.