06-14-20129 City Commission Ci {y The Cis ®f Susan Gottlieb, Mayor Eric M. Soroka, ICMA -CM
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Zev Auerbach Ci{ aerk
i7entura Bob Diamond Teresa M. Soroka, MMC
Teri Holzberg
Billy Joel GtEAuome
Michael Stern Weiss Scrota Hellman
Luz Urbiez Weinberg Pastoriza Cole & Boniske
CITY COMUSSION MEETING
AGENDA COP
JUNE 149 2012 - 9 AM
Aventura Government Center
19200 West Country Club Drive Fe
Aventura, Florida 33180
1. CALL TO ORDERXROLL CALL
2. RESOLUTION: PUBLIC HEARING:
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.
Action taken: Adopted as Resolution No. 2012 -28
3. ORDINANCE: SECOND READING — PUBLIC HEARING:
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
Jtmc 24, 2 0112
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.
Action taken: Enacted as Ordinance No. 2012 -06
4. ADJOURNMENT.
The meeting is open to the public. In accordance with the Americans with Disabilities Act of 1990, all persons who are disabled and
who need special accommodations to participate in this meeting because of that disability should contact the Office of the City Clerk,
305 -466 -8901, not later than two days prior to such proceeding. Anyone wishing to appeal any decision made by the City of Aventura
Commission with respect to any matter considered at such 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. Agenda items may be viewed at the Office of the City Clerk, City of Aventura Government
enter, 19200 West Country Club Drive, Aventura, Florida, 33180. Anyone wishing to obtain a copy of any agenda item should
contact the City Clerk at 305466 -8901. One or more members of the City of Aventura Advisory Boards may also be in attendance.
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