01-20-2011 Special MeetingMINUTES
CITY COMMISSION
SPECIAL MEETING Aventura Government Center
19200 W. Country Club Drive
January 20, 2011 9 a.m. Aventura, Florida 33180
1. CALL TO ORDER/ROLL CALL: The meeting was called to order at 9 a.m. by
Mayor Susan Gottlieb. Present were Commissioners Teri Holzberg, Billy Joel,
Michael Stern, Luz Urbaez Weinberg, Mayor Gottlieb, City Manager Eric M.
Soroka, City Clerk Teresa M. Soroka and City Attorney David M. Wolpin. Vice
Mayor Bob Diamond and Commissioner Zev Auerbach were absent. As a
quorum was determined to be present, the meeting commenced.
2. RESOLUTION: PUBLIC HEARING: Mr. Wolpin read the following resolution by
title:
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA,
FLORIDA AUTHORIZING THE ISSUANCE OF A PROMISSORY NOTE TO
EVIDENCE A LOAN FROM BANK OF AMERICA, N.A. PURSUANT TO THE
BANK'S, PROPOSAL IN A NOT TO EXCEED PRINCIPAL AMOUNT OF
$6,115,000 TO REFINANCE THE COSTS OF ACQUISITION AND
CONSTRUCTION OF VARIOUS CAPITAL IMPROVEMENTS AND TO PAY
COSTS AND EXPENSES OF ISSUING SUCH DEBT; APPROVING THE FORM
OF AND AUTHORIZING THE EXECUTION AND DELIVERY OF A LOAN
AGREEMENT INCLUDING A PROMISSORY NOTE ATTACHED THERETO;
AUTHORIZING THE REPAYMENT OF THE NOTE UNDER THE LOAN
AGREEMENT ONLY FROM NON-AD VALOREM FUNDS APPROPRIATED
FOR SUCH PURPOSE; DELEGATING CERTAIN AUTHORITY TO THE CITY
MANAGER AND CITY CLERK; AUTHORIZING THE EXECUTION AND
DELIVERY OF OTHER DOCUMENTS IN CONNECTION THEREWITH; AND
PROVIDING AN EFFECTIVE DATE.
A motion for approval was offered by Commissioner Joel and seconded by
Commissioner Holzberg. Mayor Gottlieb opened the public hearing. There being
no speakers, the public hearing was closed. The motion for approval passed
unanimously and Resolution No. 2011-08 was adopted.
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 at 9:10 a.m. ~ ll ~
Approved by the Commission February 1, 2011
M. Soro~f~, MN4C, City Clerk
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