06-14-2012MINUTES
CITY COMMISSION MEETING Aventura Government Center
)Vffl� 19200 W. Country Club Drive
June 14, 2012 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 Zev Auerbach, Bob Diamond,
Billy Joel, Luz Urbaez Weinberg, Vice Mayor Teri Holzberg, Mayor Gottlieb, City
Manager Eric M. Soroka, City Clerk Teresa M. Soroka and City Attorney David M.
Wolpin. Commissioner Michael Stern was 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 ACCEPTING THE PROPOSAL OF SUNTRUST BANK TO PROVIDE
THE CITY WITH A LOAN IN A NOT TO EXCEED PRINCIPAL AMOUNT OF
$9,885,000 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 IN
ORDER TO EVIDENCE SAID LOAN; AUTHORIZING THE REPAYMENT OF
THE SERIES 2012 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 Vice
Mayor Holzberg. Mayor Gottlieb opened the public hearing. There being no
speakers, the public hearing was closed. The motion for approval passed
unanimously by roll call vote and Resolution No. 2012 -28 was adopted.
3. ORDINANCE: SECOND READING — PUBLIC HEARING: Mr. Wolpin read the
following ordinance by title:
AN ORDINANCE OF THE CITY OF AVENTURA, FLORIDA, AUTHORIZING
THE ISSUANCE OF NOT TO EXCEED $10,000,000 IN AGGREGATE
PRINCIPAL AMOUNT OF OBLIGATIONS OF THE CITY TO REFINANCE THE
ACQUISITION AND CONSTRUCTION OF VARIOUS CAPITAL
IMPROVEMENTS AND TO PAY COSTS AND EXPENSES OF ISSUING SUCH
OBLIGATIONS; PROVIDING FOR A COVENANT TO BUDGET AND
APPROPRIATE LEGALLY AVAILABLE NON -AD VALOREM FUNDS EACH
YEAR TO PAY THE PRINCIPAL OF, REDEMPTION PREMIUM, IF ANY, AND
INTEREST ON THE OBLIGATIONS; PROVIDING FOR THE RIGHTS OF THE
HOLDERS OF SUCH OBLIGATIONS; PROVIDING SEVERABILITY AND AN
EFFECTIVE DATE.
A motion for approval was offered by Commissioner Diamond and seconded by
Commissioner Auerbach. Mayor Gottlieb opened the public hearing. There being
no speakers, the public hearing was closed. The motion for approval passed
unanimously by roll call vote and Ordinance No. 2012 -06 was enacted.
4. 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 9:07 a.m. I l / I
M. Soroka,WMCI City Clerk
Approved by the Commission July 10, 2012.
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.
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