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02-06-2018 Regular Commission Meeting Agenda
City Manager City Commission Susan L.Grant Enid Weisman,Mayor Robert Shelley,Vice Mayor City Clerk Denise Landman,Commissioner Elllisa L.Horvath,MMC Dr.Linda Marks,Commissioner i Gladys Mezrahi,Commissioner City Attorney Marc Narotsky Commissioner G_ Weiss Scrota Helfman Howard Weinberg,Commissioner e�✓ G ,.nQ,� Cole&Bierman CITY COMMISSION MEETING AGENDA FEBRUARY 6, 2018 Following the Local Planning Agency Meeting at 6:00 p.m. Aventura Government Center 19200 West Country Club Drive Aventura, Florida 33180 1. CALL TO ORDER\ROLL CALL 2. PLEDGE OF ALLEGIANCE 3. AGENDA: Request for Deletions/Emergency Additions 4. SPECIAL PRESENTATIONS: • Employee Service Awards • School Reports 5. CONSENT AGENDA: Matters included under the Consent Agenda are self-explanatory and are not expected to require discussion or review. Items will be enacted by one motion. If discussion is desired by any member of the Commission,that item must be removed from the Consent Agenda and considered separately. If the public wishes to speak on a matter on the consent agenda they must inform the City Clerk prior to the start of the meeting.They will be recognized to speak prior to the approval of the consent agenda. A. APPROVAL OF MINUTES: • January 9, 2018 Commission Regular Meeting • January 18, 2018 Commission Meeting • January 18, 2018 Commission Workshop Meeting B. A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA DECLARING CERTAIN PROPERTY LISTED UNDER THE ASSETS OF THE CITY AS SURPLUS TO THE NEEDS OF THE CITY; DESCRIBING THE MANNER OF DISPOSAL; AUTHORIZING THE CITY MANAGER TO DO ALL THINGS NECESSARY TO CARRY OUT THE AIMS OF THIS RESOLUTION; AND PROVIDING FOR AN EFFECTIVE DATE. C. A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, APPROVING THE APPOINTMENT OF MEMBERS TO THE CITY OF AVENTURA COMMUNITY SERVICES ADVISORY BOARD FOR A ONE-YEAR TERM; AND PROVIDING FOR AN EFFECTIVE DATE. Aventura City Commission Meeting Agenda February 6, 2018 D. A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA AUTHORIZING THE CITY MANAGER TO EXECUTE THE ATTACHED CONTRACT RENEWAL FOR LANDSCAPE MAINTENANCE WITHIN THE FLORIDA DEPARTMENT OF TRANSPORTATION RIGHT-OF- WAY ON BISCAYNE BOULEVARD FROM THE OLETA RIVER BRIDGE NORTH TO THE MIAMI-DADE/BROWARD COUNTY LINE BY AND BETWEEN THE CITY OF AVENTURA AND THE FLORIDA DEPARTMENT OF TRANSPORTATION; AUTHORIZING THE CITY MANAGER TO TAKE NECESSARY AND EXPEDIENT ACTION TO CARRY OUT THE AIMS OF THIS RESOLUTION; AND PROVIDING FOR AN EFFECTIVE DATE. E. A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA ENDORSING AND SUPPORTING THE MIAMI-DARE TRANSPORTATION PLANNING ORGANIZATION'S ("TPO") TRANSIT EXPANSION THROUGH THE STRATEGIC MIAMI AREA RAPID TRANSIT ("SMART") PLAN; PRIORITIZING THE NORTHEAST CORRDIOR; URGING THE TPO AND MIAMI-DARE COUNTY TO PURSUE CREATIVE FUNDING SOLUTIONS TO IMPLEMENT THE SMART PLAN; AND PROVIDING FOR AN EFFECTIVE DATE. 6. ZONING HEARINGS - QUASI-JUDICIAL PUBLIC HEARINGS: Please be advised that the following items on the Commission's agenda are quasi-judicial in nature. If you wish to object or comment upon any of these items,please inform the Mayor when she requests public comments. An opportunity for persons to speak on each item will be made available after the applicant and staff have made their presentations on each item. All testimony, including public testimony and evidence,will be made under oath or affirmation. Additionally,each person who gives testimony may be subject to cross-examination.If you refuse either to be cross-examined or to be sworn,your testimony will be given its due weight. The general public will not be permitted to cross-examine witnesses,but the public may request the Commission to ask questions of staff or witnesses on their behalf. Persons representing organizations must present evidence of their authority to speak for the organization. Further details of the quasi-judicial procedures may be obtained from the Clerk. ORDINANCE - FIRST READING/PUBLIC HEARING: AN ORDINANCE OF THE CITY OF AVENTURA, FLORIDA, AMENDING THE OFFICIAL ZONING MAP OF THE CITY OF AVENTURA BY AMENDING THE ZONING DESIGNATION FOR A 2.0 ACRE PARCEL OF LAND LOCATED ON THE NORTH SIDE OF NE 213 STREET, WITH MUNICIPAL ADDRESS 3151 NE 213 STREET, AS MORE PARTICULARLY DESCRIBED IN EXHIBIT A TO THIS ORDINANCE, FROM MO, MEDICAL OFFICE DISTRICT TO CF, COMMUNITY FACILITIES DISTRICT; PROVIDING FOR SEVERABILITY; PROVIDING FOR INCLUSION IN THE CODE; PROVIDING FOR AN EFFECTIVE DATE. 7. ORDINANCES - FIRST READING/PUBLIC HEARINGS: AN ORDINANCE OF THE CITY OF AVENTURA, FLORIDA AMENDING CHAPTER 2, "ADMINISTRATION," AT ARTICLE II, "DEPARTMENTS," AT SECTION 2-61 "CREATED," TO ADD THE PUBLIC WORKS AND TRANSPORTATION DEPARTMENT TO THE LIST OF CITY DEPARTMENTS; PROVIDING FOR SEVERABILITY; PROVIDING FOR INCLUSION IN THE CODE; AND PROVIDING FOR AN EFFECTIVE DATE. Page 2 of 4 Aventura City Commission Meeting Agenda February 6, 2018 8. ORDINANCES - SECOND READING/PUBLIC HEARINGS: A. AN ORDINANCE OF THE CITY OF AVENTURA, FLORIDA, PROVIDING FOR THE SUBMISSION TO THE ELECTORS OF A PROPOSED AMENDMENT TO CITY CHARTER SECTION 2.03 "ELECTION AND TERM OF OFFICE" AT PARAGRAPH (C) "LIMITATIONS ON LENGTHS OF SERVICE," TO ENABLE A TERM LIMITED COMMISSIONER TO RUN FOR THE OFFICE OF MAYOR; PROVIDING REQUISITE BALLOT LANGUAGE FOR SUBMISSION TO THE ELECTORATE; CALLING A SPECIAL ELECTION ON THE PROPOSED AMENDMENT TO THE CITY CHARTER TO BE HELD ON TUESDAY,THE 28TH DAY OF AUGUST 2018, IN CONJUNCTION WITH THE COUNTY-WIDE PRIMARY ELECTION BEING HELD ON SAID DATE; PROVIDING NOTICE OF ELECTION; PROVIDING FOR ELECTION PROCEDURE; PROVIDING FOR INCLUSION IN THE CHARTER; PROVIDING FOR SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE. B. AN ORDINANCE OF THE CITY OF AVENTURA, FLORIDA AUTHORIZING THE ISSUANCE OF CAPITAL IMPROVEMENT BONDS BY THE CITY IN AN AMOUNT NOT EXCEEDING $7,100,000 FOR THE PURPOSE OF FINANCING A PORTION OF THE COST OF CONSTRUCTING AND EQUIPPING A CHARTER HIGH SCHOOL WITHIN THE CITY, AND PAYING COSTS OF ISSUANCE OF THE BONDS; PROVIDING FOR A SUPPLEMENTAL RESOLUTION SETTING FORTH THE DETAILS OF SAID BONDS; ACCEPTING A PROPOSAL FROM BRANCH BANKING AND TRUST COMPANY TO PURCHASE THE BONDS; PROVIDING FOR SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE. 9. RESOLUTIONS/PUBLIC HEARINGS: A RESOLUTION OF THE CITY OF AVENTURA, FLORIDA,AUTHORIZING THE ISSUANCE OF CAPITAL IMPROVEMENT BONDS, SERIES 2018, OF THE CITY OF AVENTURA, FLORIDA, IN THE AGGREGATE PRINCIPAL AMOUNT OF $7,100,000 FOR THE PURPOSE OF FINANCING A PORTION OF THE COST OF CONSTRUCTING AND EQUIPPING A CHARTER HIGH SCHOOL WITHIN THE CITY, AND PAYING COSTS OF ISSUANCE OF THE BONDS; AWARDING THE SALE OF THE BONDS TO BRANCH BANKING AND TRUST COMPANY; PROVIDING FOR SECURITY FOR THE BONDS; DESIGNATING THE BONDS AS QUALIFIED TAX-EXEMPT OBLIGATIONS UNDER SECTION 265(B)(3)(B) OF THE INTERNAL REVENUE CODE OF 1986; PROVIDING OTHER PROVISIONS RELATING TO THE BONDS; MAKING CERTAIN COVENANTSANDAGREEMENTSIN CONNECTION THEREWITH; PROVIDING FOR SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE. 10. REPORTS 11. PUBLIC COMMENTS 12. OTHER BUSINESS: None 13. ADJOURNMENT Page 3 of 4 Aventura City Commission Meeting Agenda February 6, 2018 FUTURE MEETINGS* REGULAR COMMISSION WORKSHOP—FEBRUARY 22,2018 AT 9 AM EXECUTIVE CONFERENCE ROOM(5'H FLOOR) REGULAR COMMISSION MEETING—MARCH 6,2018 AT 6 PM COMMISSION CHAMBER REGULAR COMMISSION WORKSHOP—MARCH 15,2018 AT 9 AM EXECUTIVE CONFERENCE ROOM(5'H FLOOR) *Meeting dates and times are subject to change.Please check the City's website for the most current schedule. This 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. One or more members of the City of Aventura Advisory Boards may be in attendance and may participate at the meeting. Anyone wishing to appeal any decision made by the Aventura City 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 Center, 19200 W. Country Club Drive, Aventura, Florida, 33180. Anyone wishing to obtain a copy of any agenda item should contact the City Clerk at 305-466-8901. Page 4 of 4 CoThe dCITY COMMISSION REGULAR MEETING MINUTES AventuraGovernmentCenter ventura . JANUARY 9, 2018 79200 WCountry Club Drive Aventura,Florida 33180 ® 6:00 P.M. 1. CALL TO ORDER/ROLL CALL: The meeting was called to order by Mayor Enid Weisman at 6:00 p.m. The roll was called and the following were present: Mayor Enid Weisman, Vice Mayor Robert Shelley, Commissioner Denise Landman, Commissioner Dr. Linda Marks, Commissioner Marc Narotsky, Commissioner Howard Weinberg, City Manager Susan L. Grant, City Clerk Ellisa L. Horvath, and City Attorney David M. Wolpin. Commissioner Gladys Mezrahi was absent. As a quorum was determined to be present, the meeting commenced. 2. PLEDGE OF ALLEGIANCE: The Pledge was led by Jayla Felix. Mayor Weisman extended best wishes for the New Year and welcomed the new City Manager, Susan Grant. 3. AGENDA: REQUESTS FOR DELETIONS/EMERGENCY ADDITIONS: None. 4. SPECIAL PRESENTATIONS: • Employee Service Awards: Mrs. Grant along with Chief Pegues presented Susan Courtney with a recognition certificate and token of appreciation for the completion of 10 years of service with the City. 5. CONSENT AGENDA: There were no requests from the public to address the Commission. Mr. Wolpin briefly explained the traffic control jurisdiction agreements. A motion to approve the items on the Consent Agenda was offered by Commissioner Weinberg, seconded by Vice Mayor Shelley and passed unanimously by roll call vote. The following action was taken: A. Minutes were approved as follows: • November 7, 2017 Commission Workshop Meeting • November 7, 2017 Commission Regular Meeting • November 16, 2017 Commission Meeting • November 16, 2017 Commission Workshop Meeting B. Resolution No. 2018-01 was adopted as follows: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA DECLARING CERTAIN PROPERTY LISTED UNDER THE ASSETS OF THE CITY AS SURPLUS TO THE NEEDS OF THE CITY; DESCRIBING THE MANNER OF DISPOSAL; AUTHORIZING THE CITY MANAGER TO DO ALL THINGS NECESSARY TO CARRY OUT THE AIMS OF THIS RESOLUTION; AND PROVIDING FOR AN EFFECTIVE DATE. Aventura City Commission Meeting Minutes January 9, 2018 C. Resolution No. 2018-02 was adopted as follows: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, AUTHORIZING AND DIRECTING THE CITY MANAGER TO AMEND THE LIST OF AUTHORIZED USERS FOR ALL BANK OF AMERICA MERRILL LYNCH BANK ACCOUNTS AS SET FORTH ON CERTAIN BANK FORMS; AND PROVIDING FOR AN EFFECTIVE DATE. D. Resolution No. 2018-03 was adopted as follows: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA APPROVING AND AUTHORIZING THE CITY MANAGER TO APPROVE THE UPDATE OF THE CITY OF AVENTURA TITLE VI PROGRAM,IN ACCORDANCE WITH TITLE VI OF THE CIVIL RIGHTS ACT OF 1964, AND AS REQUIRED BY THE FEDERAL TRANSIT ADMINISTRATION EVERY THREE (3) YEARS; AUTHORIZING THE CITY MANAGER TO DO ALL THINGS NECESSARY TO CARRY OUT THE AIMS OF THIS RESOLUTION; AND PROVIDING FOR AN EFFECTIVE DATE. E. Motion was approved as follows: MOTION AUTHORIZING THE APPROPRIATION OF UP TO $22,500 FOR A PORTABLE TRAFFIC SIGNAL SYSTEM FROM THE POLICE FEDERAL FORFEITURE FUNDS IN ACCORDANCE WITH THE CITY MANAGER'S MEMORANDUM. F. Resolution No. 2018-04 was adopted as follows: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA AUTHORIZING THE CITY MANAGER TO EXECUTE THE ATTACHED TRAFFIC CONTROL JURISDICTION AGREEMENT BETWEEN AVENTURA LAKES HOA AND THE CITY OF AVENTURA; AUTHORIZING THE CITY MANAGER TO DO ALL THINGS NECESSARY TO CARRY OUT THE AIMS OF THIS RESOLUTION; AND PROVIDING FOR AN EFFECTIVE DATE. G. Resolution No. 2018-05 was adopted as follows: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA AUTHORIZING THE CITY MANAGER TO EXECUTE THE ATTACHED TRAFFIC CONTROL JURISDICTION AGREEMENT BETWEEN BISCAYA III CONDOMINIUM ASSOCIATION, INC. AND THE CITY OF AVENTURA; AUTHORIZING THE CITY MANAGER TO DO ALL THINGS NECESSARY TO CARRY OUT THE AIMS OF THIS RESOLUTION; AND PROVIDING FOR AN EFFECTIVE DATE. H. Resolution No. 2018-06 was adopted as follows: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA AUTHORIZING THE CITY MANAGER TO EXECUTE THE ATTACHED TRAFFIC CONTROL JURISDICTION AGREEMENT BETWEEN Page 2 of 8 Aventura City Commission Meeting Minutes January 9, 2018 BISCAYNE COVE CONDOMINIUM ASSOCIATION, INC. AND THE CITY OF AVENTURA; AUTHORIZING THE CITY MANAGER TO DO ALL THINGS NECESSARY TO CARRY OUT THE AIMS OF THIS RESOLUTION; AND PROVIDING FOR AN EFFECTIVE DATE. Resolution No. 2018-07 was adopted as follows: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA AUTHORIZING THE CITY MANAGER TO EXECUTE THE ATTACHED TRAFFIC CONTROL JURISDICTION AGREEMENT BETWEEN BONAVIDA CONDOMINIUM ASSOCIATION AND THE CITY OF AVENTURA; AUTHORIZING THE CITY MANAGER TO DO ALL THINGS NECESSARY TO CARRY OUT THE AIMS OF THIS RESOLUTION; AND PROVIDING FOR AN EFFECTIVE DATE. J. Resolution No. 2018-08 was adopted as follows: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA AUTHORIZING THE CITY MANAGER TO EXECUTE THE ATTACHED TRAFFIC CONTROL JURISDICTION AGREEMENT BETWEEN ELDORADO TOWERS CONDOMINIUM ASSOCIATION AND THE CITY OF AVENTURA; AUTHORIZING THE CITY MANAGER TO DO ALL THINGS NECESSARY TO CARRY OUT THE AIMS OF THIS RESOLUTION; AND PROVIDING FOR AN EFFECTIVE DATE. K. Resolution No. 2018-09 was adopted as follows: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA AUTHORIZING THE CITY MANAGER TO EXECUTE THE ATTACHED TRAFFIC CONTROL JURISDICTION AGREEMENT BETWEEN ENSENADA CONDOMINIUM ASSOCIATION, INC. AND THE CITY OF AVENTURA; AUTHORIZING THE CITY MANAGER TO DO ALL THINGS NECESSARY TO CARRY OUT THE AIMS OF THIS RESOLUTION; AND PROVIDING FOR AN EFFECTIVE DATE. L. Resolution No. 2018-10 was adopted as follows: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA AUTHORIZING THE CITY MANAGER TO EXECUTE THE ATTACHED TRAFFIC CONTROL JURISDICTION AGREEMENT BETWEEN FLANCO CONDOMINIUM ASSOCIATION, INC. AND THE CITY OF AVENTURA; AUTHORIZING THE CITY MANAGER TO DO ALL THINGS NECESSARY TO CARRY OUT THE AIMS OF THIS RESOLUTION; AND PROVIDING FOR AN EFFECTIVE DATE. M. Resolution No. 2018-11 was adopted as follows: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA AUTHORIZING THE CITY MANAGER TO EXECUTE THE ATTACHED TRAFFIC CONTROL JURISDICTION AGREEMENT BETWEEN LINCOLN POINTE L/CAL LLC AND THE CITY OF AVENTURA; Page 3 of 8 Aventura City Commission Meeting Minutes January 9, 2018 AUTHORIZING THE CITY MANAGER TO DO ALL THINGS NECESSARY TO CARRY OUT THE AIMS OF THIS RESOLUTION; AND PROVIDING FOR AN EFFECTIVE DATE. N. Resolution No. 2018-12 was adopted as follows: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA AUTHORIZING THE CITY MANAGER TO EXECUTE THE ATTACHED TRAFFIC CONTROL JURISDICTION AGREEMENT BETWEEN MYSTIC POINTE MASTER ASSOCIATION AND THE CITY OF AVENTURA; AUTHORIZING THE CITY MANAGER TO DO ALL THINGS NECESSARY TO CARRY OUT THE AIMS OF THIS RESOLUTION; AND PROVIDING FOR AN EFFECTIVE DATE. O. Resolution No. 2018-13 was adopted as follows: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA AUTHORIZING THE CITY MANAGER TO EXECUTE THE ATTACHED TRAFFIC CONTROL JURISDICTION AGREEMENT BETWEEN PARC CENTRAL AVENTURA SOUTH CONDOMINIUM ASSOCIATION, INC. AND THE CITY OF AVENTURA; AUTHORIZING THE CITY MANAGER TO DO ALL THINGS NECESSARY TO CARRY OUT THE AIMS OF THIS RESOLUTION; AND PROVIDING FOR AN EFFECTIVE DATE. P. Resolution No. 2018-14 was adopted as follows: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA AUTHORIZING THE CITY MANAGER TO EXECUTE THE ATTACHED TRAFFIC CONTROL JURISDICTION AGREEMENT BETWEEN PARC CENTRAL EAST AND THE CITY OF AVENTURA; AUTHORIZING THE CITY MANAGER TO DO ALL THINGS NECESSARY TO CARRY OUT THE AIMS OF THIS RESOLUTION; AND PROVIDING FOR AN EFFECTIVE DATE. Q. Resolution No. 2018-15 was adopted as follows: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA AUTHORIZING THE CITY MANAGER TO EXECUTE THE ATTACHED TRAFFIC CONTROL JURISDICTION AGREEMENT BETWEEN POINT EAST CONDO AND THE CITY OF AVENTURA; AUTHORIZING THE CITY MANAGER TO DO ALL THINGS NECESSARY TO CARRY OUT THE AIMS OF THIS RESOLUTION; AND PROVIDING FOR AN EFFECTIVE DATE. R. Resolution No. 2018-16 was adopted as follows: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA AUTHORIZING THE CITY MANAGER TO EXECUTE THE ATTACHED TRAFFIC CONTROL JURISDICTION AGREEMENT BETWEEN POINT EAST CONDO CORP. THREE AND THE CITY OF AVENTURA; AUTHORIZING THE CITY MANAGER TO DO ALL THINGS NECESSARY TO Page 4 of 8 Aventura City Commission Meeting Minutes January 9, 2018 CARRY OUT THE AIMS OF THIS RESOLUTION; AND PROVIDING FOR AN EFFECTIVE DATE. S. Resolution No. 2018-17 was adopted as follows: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA AUTHORIZING THE CITY MANAGER TO EXECUTE THE ATTACHED TRAFFIC CONTROL JURISDICTION AGREEMENT BETWEEN PORTSVIEW AT THE WATERWAYS CONDOMINIUM ASSOCIATION AND THE CITY OF AVENTURA; AUTHORIZING THE CITY MANAGER TO DO ALL THINGS NECESSARY TO CARRY OUT THE AIMS OF THIS RESOLUTION; AND PROVIDING FOR AN EFFECTIVE DATE. T. Resolution No. 2018-18 was adopted as follows: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA AUTHORIZING THE CITY MANAGER TO EXECUTE THE ATTACHED TRAFFIC CONTROL JURISDICTION AGREEMENT BETWEEN PROMENADE AT AVENTURA APARTMENTS AND THE CITY OF AVENTURA; AUTHORIZING THE CITY MANAGER TO DO ALL THINGS NECESSARY TO CARRY OUT THE AIMS OF THIS RESOLUTION; AND PROVIDING FOR AN EFFECTIVE DATE. U. Resolution No. 2018-19 was adopted as follows: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA AUTHORIZING THE CITY MANAGER TO EXECUTE THE ATTACHED TRAFFIC CONTROL JURISDICTION AGREEMENT BETWEEN SOUTHVIEW AT AVENTURA CONDOMINIUM AND THE CITY OF AVENTURA; AUTHORIZING THE CITY MANAGER TO DO ALL THINGS NECESSARY TO CARRY OUT THE AIMS OF THIS RESOLUTION; AND PROVIDING FOR AN EFFECTIVE DATE. V. Resolution No. 2018-20 was adopted as follows: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA AUTHORIZING THE CITY MANAGER TO EXECUTE THE ATTACHED TRAFFIC CONTROL JURISDICTION AGREEMENT BETWEEN VENTURE AT AVENTURA MASTER ASSOCIATION AND THE CITY OF AVENTURA; AUTHORIZING THE CITY MANAGER TO DO ALL THINGS NECESSARY TO CARRY OUT THE AIMS OF THIS RESOLUTION; AND PROVIDING FOR AN EFFECTIVE DATE. W. Resolution No. 2018-21 was adopted as follows: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA AUTHORIZING THE CITY MANAGER TO EXECUTE THE ATTACHED TRAFFIC CONTROL JURISDICTION AGREEMENT BETWEEN VILLA DORADA CONDOMINIUM ASSOCIATION AND THE CITY OF AVENTURA; AUTHORIZING THE CITY MANAGER TO DO ALL THINGS Page 5 of 8 Aventura City Commission Meeting Minutes January 9, 2018 NECESSARY TO CARRY OUT THE AIMS OF THIS RESOLUTION; AND PROVIDING FOR AN EFFECTIVE DATE. X. Resolution No. 2018-22 was adopted as follows: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA AUTHORIZING THE CITY MANAGER TO EXECUTE THE ATTACHED TRAFFIC CONTROL JURISDICTION AGREEMENT BETWEEN VILLAGE BY THE BAY CONDOMINIUM ASSOCIATION AND THE CITY OF AVENTURA; AUTHORIZING THE CITY MANAGER TO DO ALL THINGS NECESSARY TO CARRY OUT THE AIMS OF THIS RESOLUTION; AND PROVIDING FOR AN EFFECTIVE DATE. Y. Resolution No. 2018-23 was adopted as follows: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA AUTHORIZING THE CITY MANAGER TO EXECUTE THE ATTACHED TRAFFIC CONTROL JURISDICTION AGREEMENT BETWEEN WILLIAMS ISLAND PROPERTY OWNERS ASSOCIATION, INC. AND THE CITY OF AVENTURA; AUTHORIZING THE CITY MANAGER TO DO ALL THINGS NECESSARY TO CARRY OUT THE AIMS OF THIS RESOLUTION; AND PROVIDING FOR AN EFFECTIVE DATE. Z. Resolution No. 2018-24 was adopted as follows: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA AWARDING AND LETTING A BID/CONTRACT FOR BID NO. 18- 11-15-2, NE 188 STREET AND NE 190 STREET SEAWALL RESTORATION IMPROVEMENTS TO JONES BENITEZ CORPORATION AT THE BID PRICE OF S896,570.00; AUTHORIZING THE CITY MANAGER TO EXECUTE ASSOCIATED CONTRACTS; AUTHORIZING THE CITY MANAGER TO TAKE NECESSARY AND EXPEDIENT ACTION TO CARRY OUT THE AIMS OF THIS RESOLUTION; PROVIDING FOR THE APPROPRIATION AND ALLOCATION OF FUNDS FOR SAID BID AWARD; AND PROVIDING FOR AN EFFECTIVE DATE. 6. ZONING HEARINGS: QUASI-JUDICIAL PUBLIC HEARINGS: None. 7. ORDINANCES - FIRST READING — PUBLIC HEARINGS: Mr. Wolpin read the following ordinance by title: AN ORDINANCE OF THE CITY OF AVENTURA, FLORIDA, PROVIDING FOR THE SUBMISSION TO THE ELECTORS OF A PROPOSED AMENDMENT TO CITY CHARTER SECTION 2.03 "ELECTION AND TERM OF OFFICE" AT PARAGRAPH (C) "LIMITATIONS ON LENGTHS OF SERVICE," TO ENABLE A TERM LIMITED COMMISSIONER TO RUN FOR THE OFFICE OF MAYOR; PROVIDING REQUISITE BALLOT LANGUAGE FOR SUBMISSION TO THE ELECTORATE; CALLING A SPECIAL ELECTION ON THE PROPOSED AMENDMENT TO THE CITY CHARTER TO BE HELD ON TUESDAY, THE 28TH DAY OF AUGUST 2018, IN CONJUNCTION WITH THE COUNTY-WIDE PRIMARY ELECTION BEING HELD ON SAID DATE; PROVIDING NOTICE OF ELECTION; PROVIDING FOR ELECTION PROCEDURE; Page 6 of 8 Aventura City Commission Meeting Minutes January 9, 2018 PROVIDING FOR INCLUSION IN THE CHARTER; PROVIDING FOR SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE. A motion for approval of the ordinance was offered by Vice Mayor Shelley and seconded by Commissioner Landman. Mr. Wolpin reviewed the ordinance. Mayor Weisman opened the public hearing. There being no speakers, the public hearing was closed. Mrs. Horvath reviewed the projected costs. The motion for approval of the ordinance on first reading passed unanimously, by roll call vote. 8. ORDINANCES - SECOND READING/PUBLIC HEARINGS: Mr. Wolpin read the following ordinance by title: A. AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, AMENDING ORDINANCE NO. 2016-13 WHICH ORDINANCE ADOPTED A BUDGET FOR THE 2016/2017 FISCAL YEAR BY REVISING THE 2016/2017 FISCAL YEAR OPERATING AND CAPITAL BUDGET AS OUTLINED IN EXHIBIT "A" ATTACHED HERETO; AUTHORIZING THE CITY MANAGER TO DO ALL THINGS NECESSARY TO CARRY OUT THE AIMS OF THIS ORDINANCE; AND PROVIDING FOR AN EFFECTIVE DATE. A motion for approval of the ordinance was offered by Vice Mayor Shelley and seconded by Commissioner Narotsky. Mayor Weisman opened the public hearing. There being no speakers, the public hearing was closed. The motion for approval of the ordinance on second reading passed unanimously, by roll call vote and Ordinance No. 2018-01 was adopted. Mr. Wolpin read the following ordinance by title: B. AN ORDINANCE OF THE CITY OF AVENTURA, FLORIDA GRANTING TO FLORIDA POWER & LIGHT COMPANY, ITS SUCCESSORS AND ASSIGNS, A NON-EXCLUSIVE ELECTRIC FRANCHISE, IMPOSING PROVISIONS AND CONDITIONS RELATING THERETO; PROVIDING FOR MONTHLY PAYMENT OF A FRANCHISE FEE TO THE CITY; PROVIDING FOR SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE. A motion for approval of the ordinance was offered by Commissioner Dr. Marks and seconded by Commissioner Landman. Page 7 of 8 Aventura City Commission Meeting Minutes January 9, 2018 Mayor Weisman opened the public hearing. There being no speakers, the public hearing was closed. The motion for approval of the ordinance on second reading passed unanimously, by roll call vote and Ordinance No. 2018-02 was adopted. 9. RESOLUTIONS/PUBLIC HEARINGS: None. 10. REPORTS: Mayor Weisman requested that a student from ACES and Waterways provide a brief report on school news and events at future meetings. Several students from Alonzo and Tracy Mourning Senior High (Mr. Hoover's class) explained their assignment to attend a Commission Meeting. 11. PUBLIC COMMENTS: The following members of the public provided comments: Robert Burroughs (Miami). 12. OTHER BUSINESS: None. 13. ADJOURNMENT: There being no further business to come before the Commission, a motion to adjourn was offered by Commissioner Landman, seconded by Commissioner Weinberg, and unanimously approved; thus adjourning the meeting at 6:23 p.m. Ellisa L. Horvath, MMC, City Clerk Approved by the Commission on February 6, 2018. Page 8 of 8 The Cityd CITY COMMISSION Aventura MEETING MINUTES 19200 W.Government Club Drive 1 vent ra Country ent Drive JANUARY 18, 2018 Aventura, Florida 33180 ® 9:00 A.M. 1. CALL TO ORDER/ROLL CALL: The meeting was called to order by Mayor Enid Weisman at 9:00 a.m. The roll was called and the following were present: Mayor Enid Weisman, Vice Mayor Robert Shelley, Commissioner Denise Landman, Commissioner Dr. Linda Marks, Commissioner Gladys Mezrahi, Commissioner Marc Narotsky, Commissioner Howard Weinberg, City Manager Susan L. Grant, City Clerk Ellisa L. Horvath, and City Attorney David M. Wolpin. As a quorum was determined to be present, the meeting commenced. 2. ORDINANCE - FIRST READING — PUBLIC HEARING: Mr. Wolpin read the following ordinance by title: AN ORDINANCE OF THE CITY OF AVENTURA, FLORIDA AUTHORIZING THE ISSUANCE OF CAPITAL IMPROVEMENT BONDS BY THE CITY IN AN AMOUNT NOT EXCEEDING $7,100,000 FOR THE PURPOSE OF FINANCING A PORTION OF THE COST OF CONSTRUCTING AND EQUIPPING A CHARTER HIGH SCHOOL WITHIN THE CITY, AND PAYING COSTS OF ISSUANCE OF THE BONDS; PROVIDING FOR A SUPPLEMENTAL RESOLUTION SETTING FORTH THE DETAILS OF SAID BONDS; ACCEPTING A PROPOSAL FROM BRANCH BANKING AND TRUST COMPANY TO PURCHASE THE BONDS; PROVIDING FOR SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE. A motion for approval of the ordinance was offered by Vice Mayor Shelley and seconded by Commissioner Narotsky. Sylvia Dunlap (Dunlap & Associates, Inc. — City's Financial Advisors) reviewed a PowerPoint and provided a recommendation to accept the proposal from BB&T Bank. Finance Director Brian Raducci reviewed a feasibility study and provided the administration's recommendation for approval of the ordinance. City Attorney Jeff DeCarlo provided comments on the RFP process. The Commission discussed using reserve funds versus the bond debt. Mayor Weisman opened the public hearing. There being no comments, the public hearing was closed. The motion for approval of the ordinance on first reading passed unanimously, by roll call vote. 3. Mr. Wolpin read the following motion: MOTION AUTHORIZING THE APPROPRIATION OF UP TO $4,500 FOR THE LEO FOUNDATION FROM THE POLICE STATE FORFEITURE FUNDS IN ACCORDANCE WITH THE CITY MANAGER'S MEMORANDUM. Aventura City Commission Meeting Minutes January 18, 2018 A motion for approval was offered by Vice Mayor Shelley and seconded by Commissioner Landman. Mrs. Grant explained the item. Mr. Wolpin reviewed the City's Charter regarding contributions. Chief Bryan Pegues provided comments and explained the State's forfeiture requirements. No comments were provided from the public. The motion for approval passed unanimously, by roll call vote. 4. ADJOURNMENT: There being no further business to come before the Commission, a motion to adjourn was offered by Commissioner Narotsky, seconded by Commissioner Dr. Marks, and unanimously approved; thus adjourning the meeting at 9:38 a.m. Ellisa L. Horvath, MMC, City Clerk Approved by the Commission on February 6, 2018. Page 2 of 2 'The City of CITY COMMISSION Aventura WORKSHOP ARY MEETING18201M8INUTES Aventura Government Center , 19200 W.Country Club Drive FOLLOWING COMMISSION MEETING Aventura, Florida 33180 ® 9:00 A.M. CALL TO ORDER/ROLL CALL: The meeting was called to order by Mayor Enid Weisman at 9:38 a.m. The following were present: Mayor Enid Weisman, Vice Mayor Robert Shelley, Commissioner Denise Landman, Commissioner Dr. Linda Marks, Commissioner Gladys Mezrahi, Commissioner Marc Narotsky, Commissioner Howard Weinberg, City Manager Susan L. Grant, City Clerk Ellisa L. Horvath, and City Attorney David M. Wolpin. As a quorum was determined to be present, the meeting commenced. 1. SMART UPDATE (Aileen Bouclé, Executive Director Dade TPOI: Miami- Dade County Commissioner Sally Heyman and Ms. Bouclé explained the Strategic Miami Area Rapid Transit (SMART) Plan, an infrastructure program aimed to improve transportation mobility in Miami-Dade County. Information was provided on the upcoming Plan Charrettes focused on the Beach-Northeast Corridors, hosted by the Miami-Dade Transportation Planning Organization (TPO). The Commission was requested to provide a resolution in support of the SMART Plan. City Manager Summary: It was the consensus of the Commission to proceed with placing a resolution supporting the SMART Plan on the February Commission meeting agenda. 2. CHARTER HIGH SCHOOL UPDATE (Eric Soroka): Eric M. Soroka (CMCS Consulting Services, LLC), along with Ian Nestler (PGAL Architects) and Ben Baffer (Kaufman Lynn Construction) provided a presentation highlighting the following for the Charter High School: design perspective, task update, site update, site remediation, site plan, required planning approvals (variances and rezoning), floor plans, and construction process. The Commission had a lengthy discussion regarding the school, including the following items: importance of opening August 2019, providing alternatives should the school not be ready to open in August 2019, traffic, parking, monthly updates for the Commission and residents, furniture, security, and curriculum. Rachel Windler-Freitag (Charter Schools USA - CSUSA) discussed the planned spaces in conjunction with the curriculum. The following members of the public provided comments: Frida Lapidot (Aventura). Mr. Soroka noted that naming rights, as previously discussed, would require a policy change. Members of the City Commission requested a meeting with CSUSA to review curriculum details. City Manager Summary: It was the consensus of the City Commission that the CSUSA team be invited to the meeting in February. Additionally, the topic of naming rights will be discussed at the February workshop. Aventura City Commission Workshop Meeting Minutes—January 18,2018 3. COMMUNITY SERVICES ADVISORY BOARD APPOINTMENTS (City Manager): Mrs. Grant reviewed the list of current Board members that would like to be reappointed, with the exception of Brandon Stein who had moved out of the City. Commissioner Narotsky suggested that David Pulver, M.D. be appointed as Mr. Stein's replacement on the Board. City Manager Summary: It was the consensus of the Commission to proceed with placing a resolution on the February Commission meeting agenda appointing the following members to the Board: Jonathan Evans, Sandra Kaplan, Bonnie Lotterman, Daniel Naim, David Pulver, Michael Stern, and Sherry Superfine. 4. CITY WEB SITE PREVIEW (Karen Lanke): IT Director Karen Lanke provided a presentation on the City's new web site, which was scheduled to go live on January 2zna City Manager Summary: This item was provided for informational purposes. 5. AVENTURA TALKS (Commissioner Mezrahi): Commissioner Mezrahi discussed her inability to explain her concept for the City Talks Program to the Youth Advisory Board, due to Resolution No. 2001-21. Mrs. Horvath reviewed the background information for the item with the consensus of the Community Services Advisory Board not to pursue the item and the recommendation of the Youth Advisory Board that the Commission establish a City Talks Program. City Manager Summary: It was the consensus of the Commission to allow Commissioner Mezrahi to attend the next Youth Advisory Board meeting to explain her concept for the program and for the Youth Advisory Board to provide a list of recommended topics. Additionally, discussion of Resolution No. 2001-21 will be placed on a future workshop agenda. 6. RETIREMENT EVENT FOLLOW-UP (City Manager): Mrs. Grant requested consensus to approve an additional $591 for final expenses related to the former City Manager's retirement celebration. Commissioner Mezrahi explained the additional costs. City Manager Summary: It was the consensus of the City Commission to approve the additional costs totaling $591. 7. MAYOR'S PIONEER AWARD (City Manager): Mrs. Grant explained that Mayor Weisman had been selected to receive the Mayor's Pioneer Award by the Miami-Dade County Commission for Women, the Parks Foundation of Miami-Dade, and Miami-Dade Parks, Recreation and Open Spaces Department. In accordance with the Commission's direction to purchase a table when a member of the Commission was recognized locally, Mrs. Grant noted that a table would be purchased for the "In the Company of Women Awards" event in Coral Gables. Page 2 of 3 Aventura City Commission Workshop Meeting Minutes—January 18,2018 City Manager Summary: This item was provided for informational purposes. The following additional items were discussed: Mayor Weisman approved a request by Vice Mayor Shelley to provide a proclamation for Rabbi Jonathan Horowitz and Rebbetzin Janice Horowitz. Commissioner Dr. Marks suggested that in lieu of Commissioners meeting individually with the City Manager to review the agenda that those meetings be held collectively during the workshops. Following a discussion, there was no consensus to do so. Mayor Weisman and Commissioner Weinberg announced that they would be attending Dade Days in Tallahassee. 8. ADJOURNMENT: There being no further business to come before the Commission, a motion to adjourn was offered by Commissioner Dr. Marks, seconded by Commissioner Mezrahi, and unanimously approved; thus adjourning the meeting at 11:59 a.m. Ellisa L. Horvath, MMC, City Clerk Approved by the Commission on February 6, 2018. Page 3 of 3 CITY OF AVENTURA OFFICE OF THE CITY MANAGER MEMORANDUM TO: City Commission I^ FROM: Susan Grant, City Manager \ 7 DATE: February 2, 2018 SUBJECT: Resolution Declaring Equipment Surplus February 6, 2018 City Commission Meeting Agenda Item -.1; RECOMMENDATION It is recommended that the City Commission adopt the attached Resolution declaring certain equipment as surplus to the needs of the City. BACKGROUND Section 2-258 of the City Code of Ordinances provides that any property owned by the City which has become obsolete or which has outlived its usefulness may be disposed of in accordance with procedures established by the City Manager, so long as the property has been declared surplus by a resolution of the City Commission. If you have any questions, please feel free to contact me. SG/act Attachment 1 RESOLUTION NO. 2018- A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA DECLARING CERTAIN PROPERTY LISTED UNDER THE ASSETS OF THE CITY AS SURPLUS TO THE NEEDS OF THE CITY; DESCRIBING THE MANNER OF DISPOSAL; AUTHORIZING THE CITY MANAGER TO DO ALL THINGS NECESSARY TO CARRY OUT THE AIMS OF THIS RESOLUTION; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the City Manager desires to declare certain property as surplus to the needs of the City; and WHEREAS, Ordinance No. 2000-09 provides that all City-owned property that has been declared surplus cannot be disposed of prior to the preparation and formal approval of a resolution by the City Commission. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, THAT: Section 1. Recitals Adopted. The above recitals are hereby confirmed and adopted herein. Section 2. The property listed on Exhibit "A" has been declared surplus and is hereby approved for disposal. Section 3. The City Manager is authorized to dispose of the property listed on Exhibit "A" through a public auction, sale, trade-in, transfer to other governmental agency or, if of no value, discarded. Section 4. The City Manager is hereby authorized to do all things necessary to carry out the aims of this Resolution. Section 5. This Resolution shall become effective immediately upon its adoption. The foregoing Resolution was offered by Commissioner , who moved its adoption. The motion was seconded by Commissioner , and upon being put to a vote, the vote was as follows: Commissioner Denise Landman Commissioner Dr. Linda Marks Commissioner Gladys Mezrahi Commissioner Marc Narotsky Commissioner Howard Weinberg Vice Mayor Robert Shelley Mayor Enid Weisman City of Aventura Resolution No. 2018-_ PASSED AND ADOPTED this 6th day of February, 2018. ENID WEISMAN, MAYOR ATTEST: ELLISA L. HORVATH, MMC CITY CLERK APPROVED AS TO LEGAL SUFFICIENCY: CITY ATTORNEY Page 2 of 2 CITY OF AVENTURA INFORMATION TECHNOLOGY DEPARTMENT MEMORANDUM TO: Susan Grant, City Manager FROM: Karen J. Lanke, Information Spology Director DATE: January 25, 2018 SUBJECT: Surplus Computer Equipment I am requesting that the computer equipment listed on the attached be declared surplus property as the equipment no longer meets the needs of the City or the Aventura City of Excellence School. Please let me know if you have any questions regarding this request. Attachments City of Aventura Computer Equipment Inventory Brand Model qty Serial Number Type Dell 12209WA1 _ 1 N/A --- Monitor Dell E6430 1 3GH3CW1 Laptop Dell E6440 I 2ZD2 Laptop G Dell E6440 I ZDKIK12 Laptop H6 Dell E6440 1 6ZDK12 Laptop HP O [eJet6100 1 CN21U1BODD - Printer HP OfficeJet Pro V590 1 1 MV8552416V - Printer 1/25/2018 Page 1 WI City of Aventura ACES Computer Equipment Inventory Brand I Model Number Serial number _ Type Brother HL3070CW 1 i U62234491133455 Printer Dell 17" 1 76ABANB Monitor Dell 17" 1 76DB453 Monitor _ Dell 17" 1 76DB829 Monitor _ Dell 17" 1 76DB872 _ Monitor Dell 17" I 1 --1 76SBKD4 Monitor Dell 17" 1 Dell 17" _-- _.. - 850AB14 _. � Monitor 1 85QAARL Monitor Dell 17" 1 li 85QAARV Monitor Dell 17" 1 85QAB51 Monitor Dell 17" 1 85QABGR _ Monitor Dell 17" _ 1 95KA6E5 _ Monitor Dell 17" 1 95KAHQS Monitor Dell 17" 1 95KA18S Monitor Dell 17" _ 1 95KAJCS Monitor Dell 17" 1 95KA595 Monitor Dell OptiPlex 7010 1 1GH2Y12 Desktop Dell OptiPlex 7010 1 2662V12 _ Desktop Dell OptiPlex 7010 _ 1 2670Y12 Desktop Dell OptiPlex 7010 1 2G71Y12 Desktop Dell OptiPlex 7010 1 2G74Y12 Desktop Dell OptiPlex 7010 1 2G82Y12 Desktop Dell OptiPlex 7010 1 2G83Y12 Desktop Dell OptiPlex 7010 1 2G84Y12 Desktop Dell OptiPlex 7010 1 2G93Y12 Desktop Dell OptiPlex 7010 _ 1 2G94Y12 _ Desktop Dell � OptiPlex 7010 1 2GB1Y12 Desktop Dell OptiPlex 7010 1 2GB3Y12 Desktop Dell OptiPlex 7010 1 2GC1Y12Desktop Dell OptiPlex 7010 _ 1 2GC3Y12 1 Desktop Dell OptiPlex 7010 1 2GC4Y12 Desktop Dell OptiPlex 7010 • 1 2GD0Y12 Desktop Dell OptiPlex 70101 1 ' 2GD1Y12 Desktop Dell OptiPlex 7010 • 1 2GD4Y12 Desktop Dell OptiPlex 7010 1 2GF2Y12 Desktop Dell OptiPlex 7010 1 1 2GF4Y12 Desktop Dell OptiPlex 7010 1 2GG1Y12 Desktop Dell OptiPlex 7010 I 1 I 2GG3Y12 Desktop Dell OptiPlex 7010 1 • 2GG4Y12 Desktop Dell OptiPlex 7010 1 2GGYX12Desktop Dell OptiPlex 7010 1 2GH0Y12 Desktop_. I Dell OptiPlex 7010 1 2GHZ%12 Desktop _ -- +_ _.._ Dell OptiPlex 7010 1 26J0V12 1 Desktop Dell OptiPlex 7010 1 2GJ1Y12 Desktop Page 1 of 3 1/25/2018 City of Aventura ACES Computer Equipment Inventory Brand Model Number Serial number _ Type Dell OptiPlex 7010 1 2G12Y12 _ Desktop Dell OptiPlex 7010 1 26J3Y12 Desktop Dell OptiPlex 7010 1 2GJ4V12 _Desktop Dell L OptiPlex 7010 1 1 2GJYX12 Desktop Dell OptiPlex 7010 1 2GKOY12 Desktop Dell OptiPlex 7010 1 2GK1V12 Desktop Dell OptiPlex 7010 1 26K2Y12 Desktop Dell OptiPlex 7010 1 8GZW6Y1 _ _ Desktop Dell OptiPlex 7010 _ 1 8H1V6Y1 Desktop Dell OptiPlex 7010 1 F5Y1V12 _ Desktop ___Dell OptiPlex 7010 1 F601V12 Desktop Dell i OptiPlex7010 1 _ F631V12 Desktop _ Dell OptiPlex 7010 1 F653V12 Desktop Dell OptiPlex 7010 1 F663V12 Desktop Dell OptiPlex 7010 1 F672V12 Desktop Dell OptiPlex 7010 1 F6C1V12 Desktop Dell OptiPlex 7010 L 1 FTR06V1 Desktop Dell OptiPlex 7010 1 FTSB6V1 Desktop Dell OptiPlex 7010 1 G291Y12 Desktop Dell OptiPlex 7010 1 GNOM6V1 i Desktop Dell OptiPlex 7010 1 GN1H6V1 Desktop Dell OptiPlex 7010 1 GN3P6V1 Desktop Dell OptiPlex 7010 1 GN3S6V1 Desktop Dell OptiPlex 7010 1 GN4H6V1 Desktop Dell OptiPlex 7010 1 GN4K6V1 ' Desktop Dell OptiPlex 790 1 _ 8WB32Q1 Desktop Dell OptiPlex 790 1 8WC62Q1 Desktop Dell SFF cases 6 Boxes All in 1 Cases Dell Used Keyboards 7 Boxes USB Dell Used Mice 1 Box USB Dukane IP8923H 1 U03807 _ Projector HP CP3525Dn 1 CNCC90NO9F Printer HP LaserJet 1000 1 CNBK129152 Printer HP LaserJet 1000 1 CNBK129153 Printer HP LaserJet 1000 1 CNBK230784 Printer HP LaserJet 1000 1 CNBK230791 Printer HP LaserJet 1000 1 CNBK230793 Printer HP LaserJet 1000 1 CNBK230794 _ _Printer _ HP LaserJet 1000 1 CNBK230795 Printer HP LaserJet 1000 1 CNBK230796 Printer HP LaserJet 1000 1 CNBK230805 Printer HP LaserJet 1000 1 CNBK230806 Printer HP LaserJet 1000 1 CNBK230809 Printer HP LaserJet 1000 1 CNBK230814 Printer Page 2 of 3 1/25/2018 City of Aventura ACES Computer Equipment Inventory Brand Model Number _ Serial number _ Type HP LaserJet 1000 1 CNBK230816 Printer HP LaserJet 1012 1 CNF8644969 Printer HP LaserJet P1102W 1 VND3163375 Printer Insight Security Cameras 4 Boxes(cameras and brackets) NEC _ M260% 1 1502922 Projector NEC M26O% 1 1502923 Projector Optoma E%525ST 1 C0O66 Projector Samsung Doc. Camera bags 3 Boxes Toshiba DVD Recorder 1 B20F0023 Recorder Toshiba DVD\Video Cass. 1 A21D934ORecorder Toshiba DVD\Video Cass. 1 A21D9722 Recorder Toshiba DVD\Video Cass. 1 A21D9738 Recorder Toshiba DVD\Video Cass. 1 A21D9747 Recorder Toshiba DVD\Video Cass. 1 A21D9758 Recorder Toshiba DVD\Video Cass. 1 A21D9768 Recorder Toshiba MW27FN1 1 35593003A TV 27" Toshiba MW27FN1 1 _ 35593005A i TV 27" Display Cables I 3 Boxes VGA&DVI LightSpeed 1 780411 Amp Power Cords 4 Boxes Cords Page 3 of 3 1/25/3018 CITY OF AVENTURA OFFICE OF THE CITY COMMISSION MEMORANDUM TO: City Commission FROM: Susan Grant, City Manager DATE: February 6, 2018 SUBJECT: Resolution Appointing Members to the City of Aventura Community Services Advisory Board for a One-year Term February 6, 2018 City Commission Meeting Agenda Item CG Recommendation It is recommended that the City Commission adopt the attached Resolution appointing the following individuals to the Community Services Advisory Board for a one-year term: • Jonathan Evans • Sandra Kaplan • Bonnie Lotterman • Daniel Naim • David Pulver • Michael Stern • Sherry Superfine Background At its January18, 2018 workshop, the City Commission had consensus to appoint the individuals listed above to the Community Services Advisory Board for a one-year term and directed staff to bring a resolution to the February 6, 2018 City Commission meeting. Attachment RESOLUTION NO. 2018- A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, APPROVING THE APPOINTMENT OF MEMBERS TO THE CITY OF AVENTURA COMMUNITY SERVICES ADVISORY BOARD FOR A ONE-YEAR TERM; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, Section 2-121 of the Aventura City Code provides for the creation of the Community Services Advisory Board; and WHEREAS, in accordance with the provisions of Section 3.11 of the Aventura City Charter, the City Commission wishes to provide for approval of the Mayor's appointment of members to the Community Services Advisory Board. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, THAT: Section 1. The City Commission hereby approves the appointment by the Mayor of the following individuals to serve as members of the Community Services Advisory Board for a term of one year, from February 2018 through February 2019: Jonathan Evans Sandra Kaplan Bonnie Letterman Daniel Naim David Pulver Michael Stern Sherry Superfine Section 2. This Resolution shall become effective immediately upon its adoption. The foregoing Resolution was offered by Commissioner , who moved its adoption. The motion was seconded by Commissioner , and upon being put to a vote, the vote was as follows: Commissioner Denise Landman Commissioner Dr. Linda Marks Commissioner Gladys Mezrahi Commissioner Marc Narotsky Commissioner Howard Weinberg Vice Mayor Robert Shelley Mayor Enid Weisman City of Aventura Resolution No.2018- PASSED AND ADOPTED this 6th day of February, 2018. ENID WEISMAN, MAYOR ATTEST: ELLISA L. HORVATH, MMC CITY CLERK APPROVED AS TO LEGAL SUFFICIENCY: CITY ATTORNEY Page 2 of 2 CITY OF AVENTURA OFFICE OF THE CITY MANAGER MEMORANDUM TO: City Commission FROM: Susan Grant, City Manager fittiv DATE: January 8, 2018 SUBJECT: Renewal of FDOT Landscape Maintenance Contract for Biscayne Boulevard February 6, 2018 City Commission Meeting Agenda Item 57 RECOMMENDATION It is recommended that the City Commission adopt the attached Resolution authorizing the renewal of the attached contract with the Florida Department of Transportation (FDOT) for landscape maintenance along Biscayne Boulevard from the Oleta River Bridge to the County line. The original renewal contract was authorized by Resolution 2016-16. FDOT will reimburse the City in the amount of $12,676.00 per year. If you have any questions, please feel free to contact me. EMS/act Attachment CC01749-18 RESOLUTION NO. 2018- A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA AUTHORIZING THE CITY MANAGER TO EXECUTE THE ATTACHED CONTRACT RENEWAL FOR LANDSCAPE MAINTENANCE WITHIN THE FLORIDA DEPARTMENT OF TRANSPORTATION RIGHT-OF-WAY ON BISCAYNE BOULEVARD FROM THE OLETA RIVER BRIDGE NORTH TO THE MIAMI- DADE/BROWARD COUNTY LINE BY AND BETWEEN THE CITY OF AVENTURA AND THE FLORIDA DEPARTMENT OF TRANSPORTATION; AUTHORIZING THE CITY MANAGER TO TAKE NECESSARY AND EXPEDIENT ACTION TO CARRY OUT THE AIMS OF THIS RESOLUTION; AND PROVIDING FOR AN EFFECTIVE DATE. NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, THAT: Section 1. The City Manager is hereby authorized to execute the attached Contract Renewal by and between the City of Aventura and the Florida Department of Transportation to provide landscape maintenance services on the Florida Department of Transportation right-of-way on Biscayne Boulevard from the Oleta River Bridge north to the Miami-Dade/Broward County line. Section 2. The City Manager is hereby authorized to do all things necessary to carry out the aims of this Resolution. Section 3. This Resolution shall become effective immediately upon its adoption. The foregoing resolution was offered by Commissioner , who moved its adoption. The motion was seconded by Commissioner , and upon being put to a vote, the vote was as follows: Commissioner Denise Landman Commissioner Dr. Linda Marks Commissioner Gladys Mezrahi Commissioner Marc Narotsky Commissioner Howard Weinberg Vice Mayor Robert Shelley Mayor Enid Weisman City of Aventura Resolution No. 2018-_ PASSED AND ADOPTED this 6th day of February, 2018. ENID WEISMAN, MAYOR ATTEST: ELLISA L. HORVATH, MMC CITY CLERK APPROVED AS TO LEGAL SUFFICIENCY: CITY ATTORNEY Page 2 of 2 STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION 37542613 CONTRACT RENEWAL CONTRACTSADMINSTMTIDH occ.da4e Contract No.:AS553 Renewal: (1st,2nd,etc.) 1st Financial Project No(s).: 407334-3-78-01 County(ies): Miami-Dade County This Agreement made and entered into this day of ,by and between the State of —(T1*date D oe emereo ay IA)iamy.T Florida Department of Transportation, hereinafter called"Department",and City of Aventura, 19200 West Country Club Drive,Aventura, Fl.33180 hereinafter called"Contractor". WITNESSETH: WHEREAS,the Department and the Contractor heretofore on this 30th day of March,2017 (This date to be entered by DOT only) entered into an Agreement whereby the Department retained the Contractor to perform maintenance of all turf and landscape area within the right-of-way on State Roads in Miami-Dade County described in"Exhibit A"of the anginal contract ;and WHEREAS,said Agreement has a renewal option which provides for a renewal if mutually agreed to by both parties and subject to the same tem)s and conditions of the original Agreement; NOW,THEREFORE,this Agreement witnesseth that for and In consideration of the mutual benefits to flow each to the other,the parties agree to a renewal of said original Agreement for a period beginning the 12th day of July ' 2018 and ending the 11th day of July ,2019 at a cost of$ 12,676.00 All terms and conditions of said original Agreement shall remain in force and effect for this renewal. IN WITNESS WHEREOF,the parties have executed this Agreement by their duly authorized officers on the day, month,and year set forth above. City of Aventura STATE OF FLORIDA Name of Contractor DEPARTMENT OF TRANSPORTATION BY: Contractor Name and Title LS District Secretary or Designee(Signature) BY: Title: Authonzed Signature (SEAL) Legal; Name of Surety City State Fiscal: Approval as to Availability of Funds By: Florida Licensed Insurance Agent or Date Attorney-In-Fact(Signature) Countersigned: Florida Licensed Insurance Agent Date STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION 37501089 E-VERIFY PROCUREMENT COM Contract No: AS553-R1 Financial Project No(s): 407334-1-78-01 Project Description: Turf& Landscape Maintenance - Department Funded Agreement Vendor/Consultant acknowledges and agrees to the following: Vendor/Consultant : 1. shall utilize the U.S. Department of Homeland Security's E-Verify system to verify the employment eligibility of all new employees hired by the Vendor/Consultant during the term of the contract; and 2. shall expressly require any subcontractors performing work or providing services pursuant to the state contract to likewise utilize the U.S. Department of Homeland Security's E-Verify system to verify the employment eligibility of all new employees hired by the subcontractor during the contract term. Company/Firm: City of Aventura Authorized Signature: Title: Date: CITY OF AVENTURA OFFICE OF THE CITY COMMISSION MEMORANDUM TO: City Commission FROM: Susan Grant, City Manager DATE: February 6, 2018 SUBJECT: Resolution Supporting Miami-Dade County SMART Plan February 6, 2018 City Commission Meeting Agenda Item 5e Recommendation It is recommended that the City Commission adopt the attached Resolution supporting Miami-Dade County Strategic Miami Area Rapid Transit ("SMART") Plan. Background At the January18, 2018 City Commission Workshop, Miami-Dade Commissioner Sally Heyman, along with staff members from Miami-Dade Transportation Planning Organization ("TPO"), presented an update on the County's SMART Plan, and requested that the City Commission adopt a resolution in support of the Plan. The City Commission provided consensus to adopt such a resolution at the workshop. Attachment RESOLUTION NO. 2018- A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA ENDORSING AND SUPPORTING THE MIAMI- DADE TRANSPORTATION PLANNING ORGANIZATION'S ("TPO") TRANSIT EXPANSION THROUGH THE STRATEGIC MIAMI AREA RAPID TRANSIT ("SMART") PLAN; PRIORITIZING THE NORTHEAST CORRDIOR; URGING THE TPO AND MIAMI-DADE COUNTY TO PURSUE CREATIVE FUNDING SOLUTIONS TO IMPLEMENT THE SMART PLAN; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, in 2002, the electors of Miami-Dade County approved the imposition of a one-half percent surtax with the purpose of improving, among other things, mass transit within the County through the People's Transportation Plan (PTP); and WHEREAS, the PTP includes rapid transit corridors to be developed throughout Miami- Dade County; and WHEREAS, the Miami-Dade Transportation Planning Organization (TPO), through its Transit Solutions Committee, received and considered input from transportation partner agencies, elected officials, and the public at large in order to designate six rapid transit corridors as a high priority; and WHEREAS, on February 16, 2016, the Miami-Dade TPO Governing Board unanimously approved a policy to set as "highest priority" for this community the advancement of Rapid Transit Corridors and transit supportive projects in Miami-Dade County; and WHEREAS, on April 21, 2016, the Miami-Dade TPO Governing Board reviewed and unanimously endorsed the SMART Plan; and WHEREAS, the SMART Plan intends to advance six of the rapid transit corridors, along with a network system of bus enhanced rapid transit service, and further approves the advancement of all six corridors to the Project Development and Environment (PD&E) phase, which will finalize the technology and cost estimate for each corridor and enable each project to move to final design and construction; and City of Aventura Resolution No. 2018- WHEREAS, these projects are of tremendous importance and benefit to the community and will be transformative in its impact on public transportation. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, THAT: Section 1. The City of Aventura endorses and supports proceeding with the Miami- Dade Transportation Planning Organization's ("TPO") transit expansion through the Strategic Miami Area Rapid Transit ("SMART") plan, prioritizing the Northeast corridor and urging the TPO and Miami-Dade County to pursue creative funding solutions to implement the SMART plan. Section 2. This Resolution shall become effective immediately upon its adoption. The foregoing Resolution was offered by Commissioner , who moved its adoption. The motion was seconded by Commissioner , and upon being put to a vote, the vote was as follows: Commissioner Denise Landman Commissioner Dr. Linda Marks Commissioner Gladys Mezrahi Commissioner Marc Narotsky Commissioner Howard Weinberg Vice Mayor Robert Shelley Mayor Enid Weisman _ PASSED AND ADOPTED this 6th day of February, 2018. Page 2 of 3 City of Aventura Resolution No. 2018- ENID WEISMAN, MAYOR ATTEST: ELLISA L. HORVATH, MMC CITY CLERK APPROVED AS TO LEGAL SUFFICIENCY: CITY ATTORNEY Page 3 of 3 CITY OF AVENTURA COMMUNITY DEVELOPMENT DEPARTMENT MEMORANDUM TO: City Commission FROM: Susan L. Grant /, ie City Manager BY: Joanne Carr, AICP Di( . Community Development Director DATE: February 2, 2018 SUBJECT: Application to Amend the Official Zoning Map of the City of Aventura by amending the zoning designation for a 2.0 acre vacant site on the north side of NE 213 Street, with municipal address 3151 NE 213 Street, from MO, Medical Office District, to CF, Community Facilities District (01-REZ-18) February 6, 2018 Local Planning Agency Agenda Item . February 6, 2018 City Commission Meeting Agenda Item b March 6, 2018 City Commission Meeting Agenda Item RECOMMENDATION It is recommended that the City Commission approve an amendment of the Official Zoning Map of the City of Aventura by amending the zoning designation of a 2.0 acre parcel of land described in the Sketch of Description attached to this staff report from MO, Medical Office District to CF, Community Facilities District, to facilitate construction of the Aventura Charter High School. THE REQUEST The applicant, City of Aventura, is requesting an amendment of the Official Zoning Map of the City of Aventura by amending the zoning designation for a 2 acre parcel on the north side of NE 213 Street, as described in the Sketch of Description attached to this staff report, from MO, Medical Office District to CF, Community Facilities District. BACKGROUND OWNER OF PROPERTY: City of Aventura NAME OF APPLICANT City of Aventura LOCATION OF PROPERTY 3151 NE 213 Street See Exhibit #1 for Location Map SIZE OF PROPERTY 2.0 acres The City has recently purchased the 2.0 acre vacant site on the north side of NE 213 Street shown in the attached sketch. A copy of the deed from Gulfstream Park Racing Association Inc. to the City of Aventura is attached as Exhibit #2. The Aventura Charter High School is planned on this site, which is currently zoned MO, Medical Office District. In order to facilitate construction of the high school, a rezoning from MO, Medical Office District, to CF, Community Facilities District is in order. Schools are a permitted use in this CF zoning district. ANALYSIS Future Land Use Designation Subject Property: Business and Office Properties to the North: MO, Medical Office District Properties to the South: Medium-High Density Residential Properties to the East: Parks and Recreation Properties to the West: Business and Office Zoning Subject Property: MO, Medical Office District Properties to the North: MO, Medical Office District Properties to the South: RS2, Single Family Residential District Properties to the East: ROS, Recreation Open Space District Properties to the West: MO, Medical Office District Existing Land Use Subject property: vacant land Properties to the North: vacant land Properties to the South: single family residences Properties to the East: Waterways Park Properties to the West: vacant land 2 Access — The parcel is currently vacant. The site development plan proposes access from NE 213 Street. Standards for reviewing proposed amendments to the Official Zoning Map found in Section 31-77 of the Land Development Regulations: 1. Whether or not the proposed amendment is consistent with goals, objectives and policies of the City's Comprehensive Plan. The proposed amendment will be consistent with goals, objectives and policies of the City's Comprehensive Plan. The existing future land use designation for this parcel is Business and Office. The Community Facilities District zoning category may be applied to land designated as Business and Office on the City's Future Land Use Map. 2. Whether or not the proposed zoning district is compatible with the surrounding area's zoning designation(s) and existing uses. The proposed zoning district is compatible with the surrounding area's zoning designation(s) and existing uses. The property adjacent to the east is zoned ROS, Recreation Open Space District. The property adjacent to the west and to the north are zoned MO, Medical Office District. The property to the south is zoned RS2, Single Family Residential District. The Community Facilities District will facilitate construction of the Aventura Charter High School. 3. Whether or not the subject property is physically suitable for the uses permitted in the proposed district. The subject property is physically suitable for the uses permitted in the proposed district. 4. Whether or not there are sites available in other areas currently zoned for such use. There are no sites available in other areas currently zoned for this use. 5. If applicable, whether or not the proposed change will contribute to redevelopment of an area in accordance with an approved redevelopment plan. This standard is not applicable to this proposed amendment. 6. Whether or not the proposed change would adversely affect traffic patterns or congestion. The proposed use will be designed so that it does not adversely affect traffic patterns or congestion as a result of this rezoning application. A traffic study is currently underway by the City's Traffic Engineering Consultant to ensure that 3 proper traffic related standards are met prior to development. 7. Whether or not the proposed change would adversely impact population density such that the demand for water, sewers, streets, recreational areas and facilities, and other public facilities and services would be adversely affected. The proposed change will not adversely affect population density such that the demand for water, sewers, streets, and other public facilities and services would be adversely affected because the application proposes no increase in population. 8. Whether or not the proposed change would have an adverse environmental impact on the vicinity. The proposed change will not have an adverse environmental impact on the vicinity. 9. Whether or not the proposed change would adversely affect the health, safety, and welfare of the neighborhood or the City as a whole. The proposed change will not adversely affect the health, safety, and welfare of the neighborhood or the City as a whole. The proposed high school will be a benefit to the community. 4 • `STONER&ASSOCIATES, INC. 4341 S.W. 82nd AVE. `IT/ SURVEYORS-MAPPERS Roddy SURVEYORS Survey Tel. (954) 585-0997 Davis, Florida 33314 �I/ and Mapping Business No.6633 Fax (954) 585-3927 SKETCH OF DESCRIPTION TWO ACRE AVENTURA PARCEL BEING A PORTION OF TRACTA OF DONN ACRES SECTION 34-5142 COUNTY, CITY OF AVENTURA,MIAMI-QADE DE COUNTY,FLORIDA BLOCK 3 AN ANXE` E'' PLAT PARCEL OF HALT 1H0ALE PARE ND. is xnvm LWE 9gRTHLWE RIVIERA SECTION n1 FTC/LTD _.LID Et REAX PARE N 1/2SECTION34 ,F.9. 26. B 23 xv P.OI . ;n. 9a.i01 li CAA 5 M'D1'dW D1139' __ P.O.C. I NORIA LINE HE.COINER.N 112 OF SECTION 1 TMLIA yd1i2N1DNE,GORNER111/6TB. DONNACREBPI.ID.PG l'LNpGR IP I o 5 I 1 I HEHAINDER OF TRACT A Y' De� Le NN ACRES 4. Iv ., Po Io, Ma AI P.O.B. I D N.88"01'22"E. 196.67' Ias vu E2 E4 : 44 ' OE ` - I 9 ois no 3:1118$ y � Ng A PORTION OF TRACT 6a di V.A^ OOD coo NOS 4 le El .RI IL c"; w I o slim W FT - F' S_ I O 2O ACRES IF Lz• N -. LI N O a T. No 2 N u Nm'ENss1,CNI LEGEND: poiSitil.Z., -- O.R.B. OFFICIAL RECORDS BOOK P.B. PLAT BOOK PG. PAGE M.D,C.R, MIAMI-DADE COUNTY RECORDS B.C.R. BROWARD COUNTY RECORDS P.O.C. POINT OF COMMENCEMENT PO.B. POINT OF BEGINNING Cp CENTERLINE - _ PG "'—""' SO.FT. SQUARE FEET UTILITnJtaa,,,1." — — ' - -588"01'22"W. 196.6T— --/\r- BREAK IN SCALE N.E.213th STREET L N PM LINE RIGHT#WAV DEEDED To THEalY or SCALE:1"=100' AVEMWU PER ORB 0131 PG MDD. 5D'RIGHT.OSWAy PER AVENT11M MI PB 153.PG 6,140 LR III - NOTE: o ISEE SHEET 1 OF 2 FOR THE LEGAL a m 200 GRAPHIC SCALE l DESCRIPTION OF THE PROPERTY SHOWN GRAPHICALLY HEREON. SKETCH O. Fa F:LISo.\YI9C\Ix-INT-PIIIWm PaaVW.Hone EomAWN SPANS ACRE PARES-Hs SHEET 2 OF 2 12-7854 2.0 ACRE • • morn 7YnYTLTJ •err DADE COUNTY •4V 7A•I7 VT17Yw•n1b'!1 Gu(fiveom VAN B DR. :a Ei• Pok Subject Site 'MARINA •• • Arriama COVE nnpmol pO WAY• I CIRCLE &Medical mui I r • WpN • •• Censer to alp LMq INEP • ©y �_ Waterways y —��— • :• m WATERWAYS Bvvn Shopper 207 ST • • m w • • a a COUNTRY CLUB DR. • The '4 • 4Shops e05 • M • '� Shops 0 `✓ O IVES DAIRY RD. 203 5T. , CJF�Irj •• • \T9 • • C m • J N m 201 TER. m ;1 a DenbeResort ry Isle • Z m Resort d Club R AVENTURA D`ND P, •• U • o • Fire y iRescue Averuura ¢ n +k l� c : Station Library Z 6" 3 8 - .r • fr _' i. Aventura Mall ;' " '' i i t Y aO YACHT R • y • \City of Avenlura U �UB u Government Center is immis 19257 �- MLENMA WILLIA Q, 192 ST. O • i t• ,9, ST. 1 C Q•S. ; w • 190 MYSTIC % • Larhmann's • CI ;• Fashion ui� -t a qq Island G •J N BB ST. m MIAMI :• 187 ST 1 33180 • • GARDENS DR. • 8 T a 33 60,E ,• . OuWoundlina • ID '`. 183 STBay •• U • Atlantic • Ocean :•••• R ane a Little m r Williamsud • :• 1 arbour 180 S7 Made j .5. Sound • • y Pant lake 0 _.4 -' I Oi S. r p 8 • • ' ra>.. • r ill • kw -• kT TOP• a � • '•• o N. E . Moult * 1 w` t LEGEND N (aVi •fk _ Roadways 'V r City Boundary ... � _ —.—.— ZIP Code Boundary } r Railroad J llV1 r Exhibit #1 01-REZ-18 1/3/2018 Miami-Dade Official Records-Print Document CFN.20180001201 BOOK 30812 PAGE 2049 DATE:01/02/2018 11:24:53 AM DEED DOC 18410.00 3Mrs msrnuMEen PREPARED BY SURTAX 14,557.50 Oils NSIID ANO EWTRETPTO: HARVEY RUVIN,CLERK OF COURT, MIA-DADE CTT RLillian M.Arango,Esq. Weiss Sema Hdrman Cole&Bierman,P.L. 2525 Ponce de Loon Blvd.,Suite 700 Coral Gable,Florida 33134 Tax Folio Number:tin-1234-019-0011(a aortion thereon SPECIAL WARRANTY DEED �7 THIS SPECIAL WARRANTY DEED is made and executed this ot/ day of December, 2017, by GULFSTREAM PARK RACING ASSOCIATION, INC., a Florida corporation,as successor by merger to Gulfstream Realty Corporation, a Florida corporation(the "Grantor"), whose mailing address is 901 South Federal Highway,Hallandale, Florida 33009, to CITY OF AVENTURA, a Florida municipal corporation (the "Grantee"), whose mailing address is 19200 West Country Club Drive,Aventura,Florida 33180. WITNESSETH: That Grantor, for and in consideration of the sum of Ten and No/100 Dollars ($10.00) and other good and valuable consideration, the receipt whereof is hereby acknowledged, does hereby grant, bargain, sell, alien, remise, release, convey and confirm unto Grantee the real property (the "Property") located in Miami-Dade County, Florida, and more particularly described as: SEE EXHIBIT"A"ATTACHED HERETO. SUBJECT TO: 1. All restrictions, reservations, easements, covenants, agreements, limitations and other matters appearing of record, provided the foregoing shall not act to reimpose same; 2. The lien of all ad valorem real estate taxes and assessments subsequent to the date hereof and subsequent years; 3. All laws, ordinances, and governmental regulations, including, but not limited to, all applicable building, zoning, land use and environmental ordinances and regulations;and TOGETHER with all the tenements, hereditaments and appurtenances belonging or in any way appertaining to the Property. TO HAVE AND TO HOLD the same in fee simple forever. Exhibit #2 01-REZ-18 httos:/Awnv2.miami-dadederk.corn/oRdalrecords/PrintDocumenLasox2OS=YeoUfOnrv2R54F6CoU%2fGCB9bmvvTZOfrnxl h6TvHlkhfSeRI rlfisdnl 1/3 1/3/2018 Miami-Dade Official Records-Print Document CFR 20180001201 BOOK 30812 PAGE 2050 AND GRANTOR hereby covenants with Grantee that Grantor is lawfully seized of the Property in fee simple; that Grantor has good right and lawful authority to sell and convey the Property; and that Grantor does hereby specially warrant the title to the Property and will defend the same against the lawful claims of all persons claiming by,through or under Grantor. IN WITNESS WHEREOF, Grantor has caused this Special Warranty Deed to be • executed as of the day and year first written above. WITNESSES: GRANTOR: 040) GULFSTREAM PARK RACING ASSOCIATION,INC.,a Florida corporation, a Florida corporation,as successor by merger to Eck) Gulfstream Realty Corporation,a Florida 1.. Print Name: 14 3. ,..S6).CitY corporation J By: /" Print Name: .kY1 t cittuons}Uni[nw Name: C • Title: "bak-acait. aF RgNiaLE STATE OF FLORIDA ) SAMI At7 ) COUNTY OF MIAM+,19*BE ) The foregoing instrument was sworn and subscribed before me this 2 1 day of December, 2017, by KALE GAS as p[Re(/TOn Of FINfl N(,£ of GULFSTREAM PARK RACtiG ASSOCIATION, INC., a Florida corporation, as successor by merger to Gulfstre�+ Realty Corporation, a Florida corporation, on behalf of the corporation, who (check one) [4'] is personally known to me or [ ] has produced a valid Florida driver's license as identification. • [SEAL] , / , ASHLEY ANDUJAR Notary Pu. r4 ' c;tract,' roe�rrsoasea Print Name: A Mimi ANDVmIt f� m„>loo e•o��e• Commission Expires: 7UL`I 2L( wi9 iti„" July 26. 2019 Commission No.: F`F Q�5 R y'� • 2 L haps//wnw2.miami-dadeclerk.com/officielrecords/PrIntDocumentasox20S=YaoUfOurv2R54F6COU%2/GCB9bmwTZOfTnxLbBT*11kbO5eRLO6s4o1... 2/3 1/3/2018 Miami-Dade Official Records-Print Document CFN:20180001201 BOOK 30812 PAGE 2051 EXHIBIT"A" LEGAL DESCRIPTION OF PROPERTY A PARCEL OF LAND BEING A PORTION OF TRACT A. DONN ACRES ALSO BEING A PORTION OF THE NORTH ONE-HALF(N. 1/2)OF SECTION 34,TOWNSHIP 51 SOUTH, RANGE 42 EAST, ACCORDING TO THE PLAT THEREOF RECORDED IN PLAT BOOK 76, PAGE 30,OF THE PUBLIC RECORDS OF MIAMI-DADE COUNTY, FLORIDA, SAID PARCEL BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCE AT THE NORTHEAST CORNER OF THE NORTH ONE-HALF(N. 1/2)OF SAID SECTION 34, SAID POINT ALSO BEING THE NORTHEAST CORNER OF TRACT B OF SAID DONN ACRES; THENCE 5.88°01'22'W.,ALONG THE NORTH LINE OF SAID NORTH ONE-HALF(N 1/2), THE NORTH LINE OF SAID TRACTS A AND B,A DISTANCE OF 911.50 FEET: THENCE S.01°52'05"E.A DISTANCE OF 186.43 FEET TO A POINT ON THE WEST LINE OF THAT CERTAIN PARCEL OF LAND(CITY PARK), DESCRIBED IN OFFICIAL RECORDS BOOK 25122, PAGE 4596 OF SAID PUBLIC RECORDS AND TO THE POINT OF BEGINNING OF THE HEREIN DESCRIBED PARCEL OF LAND; THENCE CONTINUE S.01°52'05"E.,ALONG SAID WEST LINE,A DISTANCE OF 442.98 FEET TO A POINT ON THE NORTH RIGHT-OF-WAY LINE OF N.E.213TH STREET,AS DESCRIBED IN OFFICIAL RECORDS BOOK 17973, PAGE 3869,OF SAID PUBLIC RECORDS; THENCE S.88°01'22'W.ALONG THE SAID NORTH RIGHT-OF-WAY LINE,A DISTANCE OF 196.67 FEET; THENCE N.01°52'05'W.,A DISTANCE OF 442.98 FEET; THENCE N,86°01'22"E.,A DISTANCE OF 196.67 FEET TO THE POINT OF BEGINNING. SAID LANDS SITUATE WITHIN THE CITY OF AVENTURA, MIAMI-DADE COUNTY. FLORIDA. CONTAINING 2.0 ACRES, (87,120 SQUARE FEET)MORE OR LESS. 3 bttos://wwu2.miami-dadeclerk.com/officialrecords/PdatDocument.asox?OS=YaoUfOzxrv2R54F6CaU%2fGCB9bmvvTZO(TnxLbBTvHIkb05eRL06s4D1. . 3/3 ORDINANCE NO. 2018- AN ORDINANCE OF THE CITY OF AVENTURA, FLORIDA, AMENDING THE OFFICIAL ZONING MAP OF THE CITY OF AVENTURA BY AMENDING THE ZONING DESIGNATION FOR A 2.0 ACRE PARCEL OF LAND LOCATED ON THE NORTH SIDE OF NE 213 STREET, WITH MUNICIPAL ADDRESS 3151 NE 213 STREET, AS MORE PARTICULARLY DESCRIBED IN EXHIBIT A TO THIS ORDINANCE, FROM MO, MEDICAL OFFICE DISTRICT TO CF, COMMUNITY FACILITIES DISTRICT; PROVIDING FOR SEVERABILITY; PROVIDING FOR INCLUSION IN THE CODE; PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the applicant, City of Aventura, through Application No. 01-REZ-18, has applied to amend the Official Zoning Map of the City of Aventura by amending the zoning designation for a parcel of land (the "Property") on the north side of NE 213 Street, with municipal address of 3151 NE 213 Street, as legally described in Exhibit "A" attached hereto, from MO, Medical Office District to CF, Community Facilities District; and WHEREAS, the City Commission has been designated as the local planning agency for the City pursuant to Section 163.3174, Florida Statutes, and as the local planning agency has determined that the rezoning is consistent with the applicable provisions of the City Comprehensive Plan; and WHEREAS, the City Commission has held the required public hearings, duly noticed in accordance with law; and WHEREAS, the City Commission has reviewed the application for rezoning and has considered the testimony of all interested parties at the public hearings, and has determined that the rezoning action set forth in this Ordinance is consistent with the Comprehensive Plan and furthers the health, safety and welfare of the City. City of Aventura Ordinance No. 2018- NOW, THEREFORE, BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA, THAT: Section 1. Recitals. The foregoing whereas clauses are hereby ratified and incorporated within this Ordinance. Section 2. Official Zoning Map Amended. That the Official Zoning Map of the City of Aventura is hereby amended by amending the zoning designation for the 2.0 acre parcel of land located on the north side of NE 213 Street with municipal address of 3151 NE 213 Street and with legal description described in Exhibit "A" to this Ordinance, from MO, Medical Office District to CF, Community Facilities District. Section 3. Severability. The provisions of this Ordinance are declared to be severable and if any section, sentence, clause or phrase of this Ordinance shall for any reason be held to be invalid or unconstitutional, such decision shall not affect the validity of the remaining sections, sentences, clauses, and phrases of this Ordinance but they shall remain in effect, it being the legislative intent that this Ordinance shall stand notwithstanding the invalidity of any part. Section 4. Revision of Zoning Map. It is the intention of the City Commission, and it is hereby ordained that the Official Zoning Map of the City may be revised so as to accomplish such intentions. Section 5. Effective Date. This Ordinance shall be effective immediately upon adoption on second reading. Page 2 of 5 City of Aventura Ordinance No. 2018-_ The foregoing Ordinance was offered by Commissioner , who moved its adoption on first reading. This motion was seconded by Commissioner and upon being put to a vote, the vote was as follows: Commissioner Denise Landman Commissioner Dr. Linda Marks Commissioner Gladys Mezrahi Commissioner Marc Narotsky Commissioner Howard Weinberg Vice Mayor Robert Shelley Mayor Enid Weisman The foregoing Ordinance was offered by Commissioner , who moved its adoption on second reading. This motion was seconded by Commissioner and upon being put to a vote, the vote was as follows: Commissioner Denise Landman Commissioner Dr. Linda Marks Commissioner Gladys Mezrahi Commissioner Marc Narotsky Commissioner Howard Weinberg Vice Mayor Robert Shelley Mayor Enid Weisman Page 3 of 5 City of Aventura Ordinance No. 2018- PASSED on first reading this 6th day of February, 2018. PASSED AND ADOPTED on second reading this 6th day of March, 2018. ENID WEISMAN, MAYOR ATTEST: ELLISA L. HORVATH, MMC CITY CLERK APPROVED AS TO LEGAL SUFFICIENCY: CITY ATTORNEY This Ordinance was filed in the Office of the City Clerk this day of , 2018. City Clerk Page 4 of 5 City of Aventura Ordinance No. 2018- EXHIBIT "A" LEGAL DESCRIPTION OF LAND A PARCEL OF LAND BEING A PORTION OF TRACT A, DONN ACRES, ALSO BEING A PORTION OF THE NORTH ONE-HALF OF SECTION 34, TOWNSHIP 51 SOUTH, RANGE 42 EAST, ACCORDING TO THE PLAT THEREOF RECORDED IN PLAT BOOK 76, PAGE 30, OF THE PUBLIC RECORDS OF MIAMI-DADE COUNTY, FLORIDA, SAID PARCEL BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCE AT THE NORTHEAST CORNER OF THE NORTH ONE-HALF OF SAID SECTION 34, SAID POINT ALSO BEING THE NORTHEAST CORNER OF TRACT B OF SAID DONN ACRES; THENCE S88°01'22"w ALONG THE NORTH LINE OF SAID NORTH ONE-HALF, THE NORTH LINEN OF SAID TRACTS A AND B, A DISTANCE OF 911.50 FEET; THENCE S01°52'05"e A DISTANCE OF 186.43 FEET TO A POINT ON THE WEST LINE OF THAT CERTAIN PARCEL FO LAND (CITY PARK) DESCRIBED IN OFFICIAL RECORDS BOOK 25122, PAGE 4596 OF SAID PUBLIC RECORDS AND TO THE POINT OF BEGINNING OF THE HEREIN DESCRIBED PARCEL OF LAND; THENCE CONTINUE S01°52'52"E ALONG SAID WEST LINE, A DISTANCE OF 442.98 FEET TO A POINT ON THE NORTH RIGHT OF WAY LINE OF NE 213 STREET, AS DESCRIBED IN OFFICIAL RECORDS BOOK 17973, PAGE 3869 OF SAID PUBLIC RECORDS; THENCE S88°01'22"W ALONG THE SAID NORTH RIGHT OF WAY LINE, A DISTANCE OF 196.67 FEET; THENCE N01°52'05"W A DISTANCE OF 442.98 FEET; THENCE N88°01'22"E, A DISTANCE OF 196.67 FEET TO THE POINT OF BEGINNING. SAID LANDS SITUATE WITHIN THE CITY OF AVENTURA, MIAMI-DADE COUNTY, FLORIDA, CONTAINING 2.0 ACRES (87,120 SQUARE FEET) MORE OR LESS. Page 5 of 5 CITY OF AVENTURA OFFICE OF THE CITY COMMISSION MEMORANDUM TO: City Commission FROM: Susan Grant, City Manager ', % DATE: February 6, 2018 SUBJECT: Ordinance Amending Section 2-61 of the City Code, Establishing City Departments First Reading — February 6, 2018 City Commission Meeting Agenda Item 7. Second Reading — March 6, 2018 City Commission Meeting Agenda Item Recommendation It is recommended that the City Commission adopt the attached Ordinance amending the City Code, adding Public Works and Transportation to the list of departments of government in the City. Background On October 1, 2017, City departments were reorganized to move some functions from the City Manager's Office and the Community Services Department into a new department — Public Works and Transportation. The attached Ordinance incorporates this change into the City's Code of Ordinances. Attachment ORDINANCE NO. 2018- AN ORDINANCE OF THE CITY OF AVENTURA, FLORIDA AMENDING CHAPTER 2, "ADMINISTRATION," AT ARTICLE II, "DEPARTMENTS," AT SECTION 2-61 "CREATED," TO ADD THE PUBLIC WORKS AND TRANSPORTATION DEPARTMENT TO THE LIST OF CITY DEPARTMENTS; PROVIDING FOR SEVERABILITY; PROVIDING FOR INCLUSION IN THE CODE; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the City Commission has previously determined that it is in the best interests of the City to create a Public Works and Transportation department; and WHEREAS, the City Commission desires to amend the City Code to include the Public Works and Transportation department within the list of City departments, as set forth in this Ordinance. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA 1: Section 1. Recitals Adopted. That each of the above-stated recitals are hereby adopted and confirmed. Section 2. City Code Amended. That Section 2-61 "Created," of Article II "Departments" of Chapter 2, "Administration" of the City Code is hereby amended to read, as follows: Chapter 2—ADMINISTRATION ' Underlined provisions constitute proposed additions to existing City Code text. City of Aventura Ordinance No. 2018-_ ARTICLE II. - DEPARTMENTS Sec. 2-61. - Created. For the purpose of systematically and efficiently administering the operations of the City, the following departments of government within the City are hereby established: (1) Office of the City Manager. (2) Finance. (3) Legal. (4) City Clerk's office. (5) Public Safety. (6) Community Development. (7) Community Services. (8) Charter schools. (9) Information Technology. (10) Arts and Cultural Center. (11) Public Works and Transportation. Section 3. Severability. That the provisions of this Ordinance are declared to be severable and if any section, sentence, clause or phrase of this Ordinance shall for any reason be held to be invalid or unconstitutional, such decision shall not affect the validity of the remaining sections, sentences, clauses, and phrases of this Ordinance but they shall remain in effect, it being the legislative intent that this Ordinance shall stand notwithstanding the invalidity of any part. Section 4. Inclusion in the Code. That it is the intention of the City Commission, and it is hereby ordained that the provisions of this Ordinance shall become and be made a part of the Code of the City of Aventura; that the sections of this Ordinance may be re- numbered or re-lettered to accomplish such intention; and that the word "Ordinance" shall be changed to "Section" or other appropriate word. Page 2 of 4 City of Aventura Ordinance No. 2018-_ Section 5. Effective Date. That this Ordinance shall be effective immediately upon adoption on second reading. The foregoing Ordinance was offered by Commissioner , who moved its adoption on first reading. This motion was seconded by Commissioner and upon being put to a vote, the vote was as follows: Commissioner Denise Landman Commissioner Dr. Linda Marks Commissioner Gladys Mezrahi Commissioner Marc Narotsky Commissioner Howard Weinberg Vice Mayor Robert Shelley Mayor Enid Weisman The foregoing Ordinance was offered by Commissioner , who moved its adoption on second reading. This motion was seconded by Commissioner and upon being put to a vote, the vote was as follows: Commissioner Denise Landman Commissioner Dr. Linda Marks Commissioner Gladys Mezrahi Commissioner Marc Narotsky Commissioner Howard Weinberg Vice Mayor Robert Shelley Mayor Enid Weisman PASSED on first reading on this 6th day of February, 2018. PASSED AND ADOPTED on second reading on this 6th day of March, 2018. Page 3 of 4 City of Aventura Ordinance No. 2018-_ ENID WEISMAN, MAYOR ATTEST: ELLISA L. HORVATH, MMC CITY CLERK APPROVED AS TO LEGAL SUFFICIENCY: CITY ATTORNEY This Ordinance was filed in the Office of the City Clerk this day of , 2018. Page 4 of 4 CITY OF AVENTURA OFFICE OF THE CITY COMMISSION MEMORANDUM TO: City Commission FROM: Susan L. Grant, City Mann: �, BY: Ellisa L. Horvath, MMC, City Clerk dr DATE: December 19, 2017 SUBJECT: Ordinance Calling for a Special Election for Consideration of Amendment to the City Charter First Reading - January 9, 2018 City Commission Meeting Agenda Item '--1 Second Reading -February 6, 2018 City Commission Meeting Agenda Item s-A- Recommendation It is recommended that the City Commission adopt the attached ordinance calling for a Special Election on August 28, 2018, for consideration of an amendment to the City's Charter. Background At the September 14, 2017 Commission Workshop Meeting, then Vice Mayor Howard Weinberg suggested that a Charter amendment be considered to determine if a term- limited Commissioner should be allowed to run for the Mayor seat. After consensus was received by the Commission at that meeting, City Attorney David Wolpin presented draft language at the October 19, 2017 Commission Workshop Meeting and further clarification to that language at the November 16, 2017 Commission Workshop Meeting. The Commission provided consensus at the November 16, 2017 Commission Workshop Meeting to proceed with placing an ordinance with the proposed language on the Commission Meeting Agenda. In accordance with F.S. 100.151, the City Clerk must request consent from the Miami- Dade County Supervisor of Elections prior to the first reading of an ordinance calling for a special election. As such, approval was requested on December 13, 2017 and approval was received on December 14, 2017 from Christina White, Miami-Dade County Supervisor of Elections, for a special election to be placed on the August 28, 2018 Countywide Primary Election Ballot. Please contact me should you have any questions or need additional information. ORDINANCE NO. 2018- _ AN ORDINANCE OF THE CITY OF AVENTURA, FLORIDA, PROVIDING FOR THE SUBMISSION TO THE ELECTORS OF A PROPOSED AMENDMENT TO CITY CHARTER SECTION 2.03 "ELECTION AND TERM OF OFFICE" AT PARAGRAPH (C) "LIMITATIONS ON LENGTHS OF SERVICE," TO ENABLE A TERM LIMITED COMMISSIONER TO RUN FOR THE OFFICE OF MAYOR; PROVIDING REQUISITE BALLOT LANGUAGE FOR SUBMISSION TO THE ELECTORATE; CALLING A SPECIAL ELECTION ON THE PROPOSED AMENDMENT TO THE CITY CHARTER TO BE HELD ON TUESDAY, THE 28T11 DAY OF AUGUST 2018, IN CONJUNCTION WITH THE COUNTY-WIDE PRIMARY ELECTION BEING HELD ON SAID DATE; PROVIDING NOTICE OF ELECTION; PROVIDING FOR ELECTION PROCEDURE; PROVIDING FOR INCLUSION IN THE CHARTER; PROVIDING FOR SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, pursuant to Section 6.02(a)(i) of the City Charter, the City Commission has determined that an amendment (the "Charter Amendment") is needed to revise paragraph (c) "Limitations on Lengths of Service" of Section 2.03 "Election and Term of Office" of the City Charter, simply in order to enable a term limited Commissioner who has served the City for two terms of office as Commissioner to run for and, if elected, serve in the office of Mayor; and WHEREAS, pursuant to Section 6.02 (a) (i) of the City Charter, the City Commission is required to submit the proposed Charter Amendment to the electors of the City for approval or rejection. NOW, THEREFORE, BE IT IS HEREBY ORDAINED BY THE CITY COMMISSION OF THE CITY OF AVENTURA,FLORIDA,AS FOLLOWS: Section 1. Recitals Adopted. That the above-stated recitals are hereby adopted and confirmed. Section 2. Charter Amendment. That pursuant to Section 6.02(a)(i) of the City Charter and Section 6.03 of the Miami-Dade County Charter, the City Charter of the City of Aventura, Florida, is hereby amended by amending City Charter Section 2.03 "Election and City of Aventura Ordinance No.2018- Term of Office," by amending paragraph (c) "Limitations on Lengths of Service," to read as follows:' • Section 2.03.-Election and term of office. (a) Election and term of office. Each Commissioner and the Mayor shall be elected at-large for four year terms by the electors of the City in the manner provided in Article V of this Charter.The four-year term length which is provided for in this paragraph(a), shall be extended as necessary to accomplish the election date revision made pursuant to Charter Section 5.01 (c)(ii)of the City Charter, as applicable. Accordingly,the term of office of the Mayor and Commission Seats 2,4, and 6 which would otherwise expire in March of 2009 shall instead expire in November 2010, and the term of office of Commission Seats 1, 3 and 5 which would otherwise expire in March of 2011, shall instead expire in November 2012. (c) Limitations on lengths of service. No person shall serve as Mayor for more than two consecutive elected terms.No person may serve on the as a Commissioner for more than two consecutive terms. No person may serve as a combination of Mayor and Commissioner for more than eight consecutive years, except for the additional length of service as Mayor and/or Commissioner described in paragraph(a) above,which results from the extension of the term of office of Mayor and/or Commissioner as produced by the election date change provided by Charter Section 5.01 (c)(ii) and except for those persons who are elected to the Office of Mayor after serving two consecutive terms as a Commissioner(the"Term Limited Commissioner"). Service shall be deemed to be consecutive unless there is an intervening four-year period during which the individual does not serve as a Commissioner or Mayor(the"Break in Service"). Any person serving the maximum amount of time as Mayor must have a four-year Break in Service before serving as a Commissioner. Any person serving the maximum amount of time as a Commissioner must is not required to have a four-year Break in Service before serving as Mayor and may seek the Office of Mayor without any break in service except to the extent required by the Florida Resign to Run law(Section 99.012.F.SJ.and may serve as Mayor for up to two consecutive terms. Any person serving the maximum amount of time as a combination of Mayor and Commissioner must have a four-year Break in Service before serving as Mayor or Commissioner. This Break in Service requirement shall be applicable only prospectively and shall except as provided herein apply to any person who after the effective date of this Break in Service provision reaches the maximum limitation on length of service which is provided herein. No candidate may run for either the office of Mayor or Commissioner when, if elected, the person would exceed the limitations on service set forth in this paragraph by any length of time taking into account the full regular term for the office sought. Section 3. Election Called. That a special election is hereby called, to be held on Tuesday, the 28i5 day of August, 2018, in conjunction with the county-wide primary election, to Proposed additions to existing City Charter text are indicated by underline; proposed deletions from existing City Charter text are indicated by sfr kethreug;.. Page 2 of 7 City of Aventura Ordinance No. 2018- present to the qualified electors of the City of Aventura, the ballot question which is provided in Section 4 of the Resolution. Section 4. Form of Ballot. That the form of ballot for the Charter Amendment provided for in Section 2 of this Ordinance shall be substantially as follows: CITY OF AVENTURA CHARTER AMENDMENT ELIGIBILITY TO SERVE AS MAYOR AFTER SERVICE AS COMMISSIONER In an effort to assure a continuity of experience in City government, and enhance the ability of the voters to elect an experienced Commissioner as Mayor, the City Commission proposes that the City Charter be amended to enable term-limited Commissioners to be able to run for election to the office of Mayor and be able to serve up to two consecutive terms as Mayor if elected. Shall the above-described Charter amendment be adopted? YES [ ] NO [ ] Section 5. Balloting. That voting shall be conducted for this special election on August 28, 2018, between the hours of 7:00 A.M. and 7:00 P.M. Absentee voting and early voting shall also be authorized, as provided by law. All qualified City electors who are timely registered in accordance with law shall be entitled to vote. The City Clerk is authorized to obtain and pay for any necessary election administration services from the Miami-Dade County Supervisor of Elections. The County registration books shall remain open at the Office of the Miami-Dade County Supervisor of Elections until twenty-nine (29) days prior to the date of such election, at which time the registration books will close in accordance with the provisions of the general election laws. The Miami-Dade County Supervisor of Elections is hereby authorized to take all Page 3 of 7 City of Aventura Ordinance No. 2018- appropriate action necessary to carry into effect and accomplish the provisions of this Ordinance. This special election shall be canvassed by the County Canvassing Board unless otherwise provided by law. Section 6. Notice of Special Election. That notice of said special election shall be published by the City Clerk in accordance with Section 100.342, F.S., in a newspaper of general circulation within the City at least 30 days prior to said election, the first publication to be in the fifth week prior to the election (to-wit: during the week commencing Sunday, July 22,2018), and the second publication to be in the third week prior to the election (to-wit: during the week commencing Sunday, August 5, 2018), and shall be in substantially the following form: "NOTICE OF SPECIAL ELECTION PUBLIC NOTICE IS HEREBY GIVEN THAT PURSUANT TO ORDINANCE NO. ADOPTED BY THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA (THE "CITY") A SPECIAL ELECTION HAS BEEN CALLED AND ORDERED TO BE HELD WITHIN THE CITY ON TUESDAY, THE 28TH DAY OF AUGUST 2018, IN CONJUNCTION WITH THE COUNTY-WIDE PRIMARY ELECTION BEING HELD ON SAID DATE, BETWEEN THE HOURS OF 7 A.M. AND 7 P.M., AT WHICH TIME THE FOLLOWING CHARTER AMENDMENT PROPOSAL SHALL BE SUBMITTED TO THE QUALIFIED ELECTORS OF THE CITY. CITY OF AVENTURA CHARTER AMENDMENT ELIGIBILITY TO SERVE AS MAYOR AFTER SERVICE AS COMMISSIONER In an effort to assure a continuity of experience in City government, and enhance the ability of the voters to elect an experienced Commissioner as Mayor, the City Commission proposes that the City Charter be amended to enable term-limited Commissioners to be able to run for election to the office of Mayor and be able to serve up to two consecutive terms as Mayor if elected. Page 4 of 7 City of Aventura Ordinance No. 2018-_ Shall the above-described Charter amendment be adopted? YES [ ] NO [ ] Polling place information, the enabling Ordinance, including the full text of the proposed City Charter Amendment and the ballot question, are available at the office of the City Clerk located at 19200 West Country Club Drive, Aventura, Florida 33180. „ City Clerk Section 7. Copies. That copies of this Ordinance proposing the Charter Amendment is on file at the offices of the City Clerk located at 19200 West Country Club Drive, Aventura, Florida 33180, and are available for public inspection during regular business hours. Section 8. Effectiveness. That the Charter Amendment provided for in Section 2 above shall become effective if the majority of the qualified electors voting on the specific Charter Amendment vote for its adoption, and it shall be considered adopted and effective upon certification of the election results. Following adoption of the Charter Amendment, the City Clerk shall file the adopted Charter Amendment with the Clerk of the Circuit Court of Miami- Dade County, Florida. Section 9. Inclusion in the Charter. That subject to the requirements of Section 8 above, it is the intention of the City Commission and it is hereby provided that the Charter Amendment shall become and be made a part of the Charter of the City of Aventura; and that the Sections of this Ordinance may be renumbered or relettered to accomplish such intention. Section 10. Effective Date of Ordinance. That following the passage and final adoption of this Ordinance at second reading, this Ordinance shall be effective immediately from Page 5 of 7 City of Aventura Ordinance No. 2018- and after May 1, 2018, so as to comply with the 120 day time constraint of Section 6.03 of the Miami-Dade County Charter. The foregoing Ordinance was offered by Vice Mayor Shelley, who moved its adoption on first reading. The motion was seconded by Commissioner Landman, and upon being put to a vote, the vote was as follows: Commissioner Denise Landman Yes Commissioner Dr. Linda Marks Yes Commissioner Gladys Mezrahi Absent Commissioner Marc Narotsky Yes Commissioner Howard Weinberg Yes Vice Mayor Robert Shelley Yes Mayor Enid Weisman Yes The foregoing Ordinance was offered by Commissioner , who moved its adoption on second reading. The motion was seconded by Commissioner , and upon being put to a vote,the vote was as follows: Commissioner Denise Landman Commissioner Dr. Linda Marks Commissioner Gladys Mezrahi Commissioner Marc Narotsky Commissioner Howard Weinberg Vice Mayor Robert Shelley Mayor Enid Weisman Page 6 of 7 City of Aventura Ordinance No. 2018-_ PASSED AND ADOPTED at First Reading this 9th day of January, 2018. PASSED AND ADOPTED at Final Reading this 6th day of February, 2018. ENID WEISMAN, MAYOR Attest: ELLISA L. HORVATH, MMC CITY CLERK Approved as to Form and Legal Sufficiency: CITY ATTORNEY Page 7 of 7 CITY OF AVENTURA FINANCE DEPARTMENT MEMORANDUM TO: City Commission /�i' FROM: Susan Grant, City Manager 10 BY: ,K. Raducci, Finance Director DATE: January 12, 2018 SUBJECT: Issuance of Capital Improvement Bonds, in an aggregate principal amount not to exceed $7,100,000, for the purpose of financing a portion of the cost of constructing and equipping a charter high school within the City, and accepting a proposal from Branch Banking and Trust Company to purchase the bonds. 18t Reading January 18, 2018 City Commission Meeting Agenda Item r_- 2" Reading February 6, 2018 City Commission Meeting Agenda Item aa$ RECOMMENDATION It is recommended that the City Commission approve the attached Ordinance authorizing the issuance of capital improvement bonds by the City in an amount not exceeding $7,100,000 for the purpose of financing a portion of the cost of constructing and equipping a charter high school within the City, and paying costs of issuance of the bonds and accepting a proposal from Branch Banking and Trust Company to purchase the bonds. BACKGROUND At the June 22, 2017 City Commission Workshop Meeting, the former City Manager presented the Capital Improvement Program 2017-2022 Briefing. During that presentation and at other workshops throughout the year, the former City Manager discussed the option to obtain a bank-qualified loan (bond) to finance a portion of the cost of constructing and equipping a charter high school within the City, and pay the costs of issuance of the bonds over 20 years. This type of loan will be secured by a Covenant to Budget and Appropriate from legally available Non-Ad-Valorem revenues. On November 1, 2017 the City issued an Invitation to Bid (ITB #18-12-08-2) to obtain proposals for the purpose of selecting a firm to provide a not-to-exceed $7,100,000 Bank-Qualified Loan (evidenced by a single bond) to partially finance the construction of the City's Charter High School and to pay costs of issuance on such obligations. On 1 November 1, 2017, the City advertised the availability of the ITB in the Daily Business Review and made available a solicitation package on www.demandstar.com. In addition and on the same day, the solicitation package was directly emailed to several banking institutions from a list that was provided by our Financial Advisor — Craig Dunlap, of Dunlap & Associates, Inc. On December 8, 2017 one (1) firm submitted a proposal to the City. Upon receipt of said proposal, it was forwarded to our Financial Advisor for their collective review and analysis. In an excerpt from his letter dated January 8, 2018 (ATTACHMENT "A") he provided the following review and recommendation: FINANCIAL ADVISOR'S REVIEW AND RECOMMENDATION Branch Banking and Trust Company "BB&T Bank" "Upon our review, which was based on the Terms and Conditions, length of term for the rate being fixed and the interest rate, Dunlap & Associates is recommending BB&T Bank based on the following: 1. The Bank Qualified Tax-Exempt fixed rate indicated of 3.68% is for a full term of the loan (final maturity August 1, 2038). 2. Callable after August 1, 2023 at any time without penalty. 3. Default Rate Equals Bank Rate plus 2.00% 4. Current Term is not subject to "Tax Gross Up" Provisions With the current tax reform changes, Dunlap & Associates, Inc. believes that rebidding this RFP would not result in any additional benefits to the City." In addition, we are also providing (ATTACHMENT "B" — Bond Debt Service Schedules). These "draft" schedules were prepared by our Financial Advisor based on information that was available at the time this memorandum was prepared and results in an Average Annual Debt Service of$496,954.98. ADMINISTRATION'S RECOMMENDATION Based on the foregoing, the Administration is recommending that the City Commission approve the attached Ordinance authorizing the issuance of capital improvement bonds by the City in an amount not exceeding $7,100,000 for the purpose of financing a portion of the cost of constructing and equipping a charter high school within the City, and paying costs of issuance of the bonds and accepting a proposal from Branch Banking and Trust Company to purchase the bonds. A copy of the Bank's Proposal Letter (EXHIBIT "A") is attached to the Ordinance which was drafted by our Bond Counsel — Jeff DeCarlo of Weiss Serota Helfman Cole & Bierman, P.L. and has been reviewed by our City Attorney. Assuming Commission approval of the Ordinance, the City Manager, the City Finance Director, the City Attorney, Bond Counsel to the City and the Financial Advisor for the City will be authorized to negotiate with the Bank with respect to the final terms of the 2 Bonds. The final terms of the Bonds shall be set forth in the Bond Resolution which the Commission will be asked to approve at the February 6, 2018 Commission Meeting. In addition, the City Attorney and Bond Counsel to the City will be authorized to draft documents and to do all other things necessary to accomplish the issuance and sale of the Bonds. If you should have any questions related to this memorandum, please feel free to contact the City Manager. 3 DA ATTACHMENT "A" Dunlap & Associates Financial Consultants January 8, 2018 Brian K. Raducci City of Aventura Government Center 19200 W. Country Club Drive, 5th Floor Aventura, FL 33180 Dear Brian, On December 8, 2017, the City of Aventura, Florida received one (1) response to the Request for Proposal (RFP) which was distributed to several banking institutions (See Distribution List). The respondent was: 1. BB&T Bank Upon our review, which was based on the Terms and Conditions, length of term for the rate being fixed and the interest rate, Dunlap& Associates is recommending BB&T Bank based on the following: 1. The Bank Qualified Tax-Exempt fixed rate indicated of 3.68% is for a full term of the loan (final maturity August 1, 2038). 2. Callable after August 1, 2023 at any time without penalty. 3. Default Rate Equals Bank Rate plus 2.00% 4. Current Term is not subject to "Tax Gross Up" Provisions With the current tax reform changes, Dunlap & Associates, Inc. believes that rebidding this RFP would not result in any additional benefits to the City. Please give me a call if you have any questions concerning this recommendation. Sin :rely, • Crai< Dunlap • President Dunlap &Associates, Inc. 1146 Keyes Avenue Winter Park, Florida 32789 Telephone: 407.678.0977 Telecopy: 407.678.6240 ATTACHMENT"B" Prepared by Dunlap&Associates,Inc. (Finance 7.008 Aventura-Copy:DEBT-1518) Pagel SOURCES AND USES OF FUNDS City of Aventura,Florida Capital Improvement Bank Loan.Series 2018 Level Debt Service BB&T Rate 3.68% **"*FOR DISCUSSION PURPOSES Dated Date 02/15/2018 Delivery Date 02/15/2018 Sources: Bond Proceeds: Par Amount 7.100.000.00 7.100.000.00 Uses: Project Fund Deposits: Project Fund 7,000,000.00 Delivery Data Expenses: Cost of Issuance 100.000.00 7,100.000.00 Note: Cost of Issuance is Estimated-To be Determined Prior to Closine Prepared by Dunlap&Associates.Inc. (Finance 7.008 Aventura-Copy:DEBT-1518) Page 2 BOND SUMMARY STA'T'ISTICS City of Aventura,Florida Capital Improvement Bank Loan.Series 2018 Level Debt Service BB&T Rate 3.68% *****FOR DISCUSSION PURPOSES****• Dated Date 02/15/2018 Delivery Date 02/15/2018 Last Maturity 08/01/2038 Arbitrage Yield 3.680131% True Interest Cost(TIC) 3.680131% Net Interest Cost(NEC) 3.680000% All-In TIC 3.837276% Average Coupon 3.680000% Average Life(years) 11 743 Duration of Issue(years) 9 222 Par Amount 7,100,000.00 Bond Proceeds 7,100,000.00 Total Interest 3,068,251.11 Net Interest 3,068,251.11 Total Debt Service 10,168,251.11 Maximum Annual Debt Service 498,932.00 Average Annual Debt Sen ice 496,954.98 Underwriter's Fees(per$1000) Average Takedown Other Fee Total Underwriter's Discount Did Price 100.000000 Par Average Average Bond Component Value Price Coupon Life Bond Component 7,100,000.00 100.000 3.680% 11.743 7,100,000.00 11.743 All-In Arbitrage TIC TIC Yield Par Value 7,100,000.00 7,100,000.00 7,100,000.00 +Accrued Interest +Premium(Discount) -Underwriters Discount -Cost of Issuance Expense -100.000.00 - Amounts Target Value 7,100,000.00 7.000.000,00 7,100,000.00 Target Date 02/15/2018 02/15/2018 02/15/2018 Yield 3.680131% 3.837276% 3.680131% Prepared by Dunlap&Associates,Inc. (Finance 7.008 Aventura-Copy:DEBF-1518) Page 3 BOND DEBT SERVICE City of Aventura.Florida Capital Improvement Bank Ivan,Series 2018 Level Debt Service BB&T Rate 3.68% "***FOR DISCUSSION PURPOSES"*" Period Annual Ending Principal Coupon Interest Debt Service Debt Service 08/01/2018 10000 3.680% 20,479.11 230479.11 230,479.11 02/01/2019 20,000 3.680% 28,616.00 248,616.00 08/01/2019 20,000 3.680% 26,408.00 246.408.00 493024,00 02/01/2020 25,000 3.680% 24,200.00 249,200.00 08/01/2020 25,000 3.680% 21,900.00 246,900.00 496,100.00 02/01/2021 30,000 3.680% 19.600.00 249,600.00 08/01/2021 30,000 3.680% 17.208.00 247,208.00 496,808.00 02/01/2022 30,000 3.680% 14,816.00 244,816.00 08/01/2022 40,000 3.680% 12.424.00 252,424.00 497,240.00 02/01/2023 35,000 3.680% 09,848.00 244,848.00 08/01/2023 45,000 3.680% 0736100 252,364.00 497.212.00 02/01/2024 45,000 3.680% 04,696.00 249,696.00 08/01/2024 45,000 3.680% 02,028.00 247,028.00 496,724.00 02/01/2025 50,000 3.680% 99,360.00 249,360.00 08/01/2025 50,000 3.680% 96.600.00 246,600.00 495,960.00 02/01/2026 55,000 3.680% 93,840.00 248,840.00 08/01/2026 55,000 3.680% 90,988.00 245,988.00 494,828.00 02/01/2027 65,000 3.680% 88.136.00 253,136.00 08/01/2027 60,000 3.680% 85.100.00 245,100.00 498,236.00 02/01/2028 65,000 3.680% 82.156.00 247,156.00 08/01/2028 70,000 3.680% 79.120.00 249,120.00 496,276.00 02/01/2029 75,000 3.680% 75.992.00 250,992.00 08/01/2029 75,000 3.680% 72.772.00 247,772.00 498.764.00 02/01/2030 80,000 3.680% 69,552.00 249,552.00 08/01/2030 80,000 3.680% 66.240.00 246,240.00 495.792.00 02/01/2031 85,000 3.680% 62.928.00 247,928.00 08/01/2031 90,000 3.680% 59,524.00 249,524.00 497452.00 02/01/2032 95,000 3.680% 56.028.00 251,028.00 08/01/2032 95,000 3.680% 52.440.00 247,440.00 498,468.00 02/01/2033 05,000 3.680% 48,852.00 253,852.00 08/01/2033 00,000 3.680% 45.080.00 245,080.00 498.932.00 02/01/2034 05,000 3.680% 41,400.00 246,400.00 08/01/2034 10,000 3.680% 37,62fl 00 247,628 00 494,028.00 02/01/2035 20,000 3.680% 33.764.00 253,764.00 08/01/2035 15,000 3.680% 29,716.00 244,716.00 498,480.00 02/01/2036 25.000 3.680% 25.760.00 250,760.00 08/01/2036 25,000 3.680% 21.620.00 246,620.00 497,380.00 02/01/2037 30,000 3.680% 17,480.00 247480.00 08/01/2037 35,000 3.680% 13348.00 248,248.00 495,728.00 02/01/2038 45,000 3.680% 8.92400 253,924.00 08/01/2038 40,000 3.680% 4,416.00 244,416.00 498.340.00 7, 00,000 3.068.251.11 10,168,251.11 10,168,251.11 ORDINANCE NO. 2018- AN ORDINANCE OF THE CITY OF AVENTURA, FLORIDA AUTHORIZING THE ISSUANCE OF CAPITAL IMPROVEMENT BONDS BY THE CITY IN AN AMOUNT NOT EXCEEDING $7,100,000 FOR THE PURPOSE OF FINANCING A PORTION OF THE COST OF CONSTRUCTING AND EQUIPPING A CHARTER HIGH SCHOOL WITHIN THE CITY, AND PAYING COSTS OF ISSUANCE OF THE BONDS; PROVIDING FOR A SUPPLEMENTAL RESOLUTION SETTING FORTH THE DETAILS OF SAID BONDS; ACCEPTING A PROPOSAL FROM BRANCH BANKING AND TRUST COMPANY TO PURCHASE THE BONDS; PROVIDING FOR SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS,the City Commission(the"Commission")of the City of Aventura,Florida(the "City") desires to authorize the issuance of not exceeding $7,100,000 of bonds for the purpose of financing a portion of the costs of constructing and equipping a charter high school within the City (the"Project"), and paying costs of issuance of the bonds; and WHEREAS,in furtherance thereof,on December 8,2017,the City received a proposal from Branch Banking and Trust Company(the"Bank")to purchase the bonds; and WHEREAS,the Commission desires that the Bonds be secured by a covenant to budget and appropriate Non-Ad Valorem Revenues of the City,as further specified by subsequent resolution of the Commission; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA: Section 1. Recitals Adopted. Each of the above-stated recitals is hereby adopted and confirmed. Section 2. Authorization to Issue Bonds. In accordance with the provisions of the Charter of the City and Chapter 166,Florida Statutes,there is hereby authorized to be issued Capital Improvement Bonds, in an aggregate principal amount not to exceed $7,100,000, in one or more series,for the purpose of financing a portion of the cost of the Project and paying costs of issuance of the Bonds. The Commission hereby accepts the Bank's proposal,attached hereto as Exhibit"A"(the "Proposal"), to purchase the bonds. The Bonds shall be designated "City of Aventura, Florida Capital Improvement Bonds, Series 2018," or such other designation as may be approved by supplemental resolution,shall be dated such date, shall be in such denominations,shall be stated to mature no later than August I,2038,and shall bear interest at the rate, shall be subject to redemption at the option of the City at such times and prices,and shall have such other details,all as set forth in the Proposal,with the final terms of the Bonds to be approved by the Commission by supplemental resolution (the "Bond Resolution"). The Bonds shall be secured by a covenant to budget and appropriate Non-Ad Valorem Revenues, as further specified in the Bond Resolution. The Bond Resolution may be adopted,and the Bonds may be issued,at any time after the effective date of this Ordinance. City of Aventura Ordinance No. 20I 8-_ Section 3. Authorization of Officers and Advisors. The City Manager, the City Finance Director,the City Attorney,Bond Counsel to the City and the Financial Advisor for the City are each hereby authorized to negotiate with the Bank with respect to the final terms of the Bonds. The final terms of the Bonds shall be set forth in the Bond Resolution. The City Attorney and Bond Counsel to the City are hereby authorized to draft documents and to do all other things necessary to accomplish the issuance and sale of the Bonds. Section 4. Severability. The provisions of this Ordinance are declared to be severable and if any section,sentence,clause or phrase of this Ordinance shall for any reason be held to be invalid or unconstitutional,such decision shall not affect the validity of the remaining sections,sentences,clauses, and phrases of this Ordinance but they shall remain in effect, it being the legislative intent that this Ordinance shall stand notwithstanding the invalidity of any part. Section 5. Effective Date. This Ordinance shall be effective immediately upon adoption on second reading. The foregoing Ordinance was offered by Vice Mayor Shelley, who moved its adoption on first reading. This motion was seconded by Commissioner Narotsky and upon being put to a vote, the vote was as follows: Commissioner Denise Landman Yes Commissioner Dr. Linda Marks Yes Commissioner Gladys Mezrahi Yes Commissioner Marc Narotsky Yes Commissioner Howard Weinberg Yes Vice Mayor Robert Shelley Yes Mayor Enid Weisman Yes The foregoing Ordinance was offered by Commissioner ,who moved its adoption on second reading. This motion was seconded by Commissioner and upon being put to a vote, the vote was as follows: Commissioner Denise Landman Commissioner Dr. Linda Marks Commissioner Gladys Mezrahi Commissioner Marc Narotsky Commissioner Howard Weinberg Vice Mayor Robert Shelley Mayor Enid Weisman Page 2 of 4 City of Aventura Ordinance No. 2018-_ PASSED on first reading on this 18th day of January, 2018. PASSED AND ADOPTED on second reading on this 0h day of February, 2018. ENID WEISMAN, MAYOR ATTEST: ELLISA L. HORVATH, MMC CITY CLERK APPROVED AS TO LEGAL SUFFICIENCY: CITY ATTORNEY This Ordinance was filed in the Office of the City Clerk this day of , 2018. Page 3 of 4 City of Aventura Ordinance No. 2018- EXHIBIT"A" Copy of Bank's Proposal Letter Page 4 of 4 BB&T Branch Banking & Trust Company Governmental Finance 1201 Main Street 7th Floor Suite 700 Columbia,SC 29201 Office:(803)251-1328 January 5,2018 Indra K.Sarju Purchasing Agent City of Aventura 19200 West Country Club Drive Aventura,FL 33180-2403 Dear Indra K.Satju: Branch Banking and Trust Company("BB&T") is pleased to offer this proposal for the financing requested by City of Aventura("City").Our Federal ID number is 57-1074313. (1) Project: Capital Improvement Bonds,Series 2018 (2) Amount to Be Financed: $7,100,000 (3) Interest Rates,Financing Terms and Corresponding Payments: We offer a financing with the interest rate fixed at 3.68%for the entire term. Final maturity for the Bond will be August 1,2038. Principal and interest payments shall be due semiannually commencing August 1,2018,and shall continue each Februaryl and August 1 thereafter through final maturity. Interest on the principal balance of the Bond shall accrue based on a 30/360 day count basis.BB&T must approve of the final amortization schedule. This proposal is valid for a closing no later than February 15,2018. Closing of the financing is contingent upon completing documentation acceptable to BB&T and its counsel. The transaction will be noncallable until August I,2023 then prepayable in whole at any time thereafter without penalty. Our underwriting fee for this transaction is $7,500. All applicable taxes, permits, costs of counsel for the City and any other costs shall be the City's responsibility and separately payable by the City. BB&T will require audited financial statements to be delivered within 270 days after the conclusion of each fiscal year-end throughout the term of the financing. The financing documents shall include provisions that will outline appropriate changes to be implemented in the event that this transaction is determined to be taxable or non-bank qualified in accordance with Florida State Statutes or the Internal Revenue Service code.These provisions must be acceptable to BB&T. In addition,any amount due hereunder not paid when due shall bear interest at a default rate equal to the interest rate on the Series 2018 Note plus 2% per annum from and after five(5)days after the date due. The stated interest rate assumes that the City expects to borrow no more than$10,000,000 in calendar year 2018 and that the financing shall qualify as qualified tax-exempt financing under IRS Code Sections 141, 148, 149(e), 265(bx3). BB&T reserves the right to terminate its interest in this bid or to negotiate a mutually acceptable rate if the financing is not a qualified tax-exempt financing. (4) financing Documents: It shall be the responsibility of the City to retain and compensate counsel to appropriately structure the financing documents according to Florida State statutes. BB&T shall also require the City to provide an unqualified bond counsel opinion.BB&T and its counsel reserve the right to review and approve all documentation before closing.BB&T will not be required to present the Bond for any payment associated with this transaction. (5) Security: The Bond shall be secured by a Covenant to Budget and Appropriate from legally non ad-valorem revenues of the City. We appreciate the opportunity to present this financing scenario to the City. Please call me at(803)251-1328 with your questions and comments.We look forward to hearing from you. Sincerely, Branch Banking and This:Company NDN Andrew G.Smith Senior Vice President CITY OF AVENTURA FINANCE DEPARTMENT MEMORANDUM TO: City Commission / FROM: Susan Grant, City Manager / BY: Brian K. Raducci, Finance Director DATE: February 2, 2018 SUBJECT: Adoption of a Resolution that authorizes the issuance of Capital Improvement Bonds, Series 2018 in the aggregate principal amount of $7,100,000 for the purpose of financing a portion of the cost of constructing and equipping a charter high school within the City, and paying costs of issuance of the bonds; awarding the sale of the bonds to Branch Banking and Trust Company; providing for security for the bonds and designating the Bonds as qualified tax-exempt obligations under section 265(B)(3)(B) of the Internal Revenue Code of 1986. February 6, 2018 City Commission Meeting Agenda Item 9 RECOMMENDATION It is recommended that the City Commission approve the attached Resolution that authorizes the issuance of Capital Improvement Bonds, Series 2018 in the aggregate principal amount of $7,100,000 for the purpose of financing a portion of the cost of constructing and equipping a charter high school within the City, and paying costs of issuance of the bonds; awarding the sale of the bonds to Branch Banking and Trust Company; providing for security for the bonds and designating the Bonds as qualified tax-exempt obligations under section 265(B)(3)(B) of the Internal Revenue Code of 1986. BACKGROUND At the June 22, 2017 City Commission Workshop Meeting, the former City Manager presented the Capital Improvement Program 2017-2022 Briefing. During that presentation and at other workshops throughout the year, the former City Manager discussed the option to obtain a bank-qualified loan (bond) to finance a portion of the cost of constructing and equipping a charter high school within the City, and pay the costs of issuance of the bonds over 20 years. This type of loan will be secured by a Covenant to Budget and Appropriate from legally available Non-Ad-Valorem revenues. 1 On November 1, 2017 the City issued an Invitation to Bid (ITB #18-12-08-2) to obtain proposals for the purpose of selecting a firm to provide a not-to-exceed $7,100,000 Bank-Qualified Loan (evidenced by a single bond) to partially finance the construction of the City's Charter High School and to pay costs of issuance on such obligations. On November 1, 2017, the City advertised the availability of the ITB in the Daily Business Review and made available a solicitation package on www.demandstar.com. In addition and on the same day, the solicitation package was directly emailed to several banking institutions from a list that was provided by our Financial Advisor — Craig Dunlap, of Dunlap & Associates, Inc. On December 8, 2017 one (1) firm submitted a proposal to the City. Upon receipt of said proposal, it was forwarded to our Financial Advisor for their collective review and analysis. Below you will find an excerpt from his letter dated January 8, 2018 whereby he provided the following review and recommendation: FINANCIAL ADVISOR'S REVIEW AND RECOMMENDATION Branch Banking and Trust Company "BB&T Bank" "Upon our review, which was based on the Terms and Conditions, length of term for the rate being fixed and the interest rate, Dunlap & Associates is recommending BB&T Bank based on the following: 1. The Bank Qualified Tax-Exempt fixed rate indicated of 3.68% is for a full term of the loan (final maturity August 1, 2038). 2. Callable after August 1, 2023 at any time without penalty. 3. Default Rate Equals Bank Rate plus 2.00% 4. Current Term is not subject to "Tax Gross Up" Provisions In addition a "draft" Payment Schedule has been included on the last page of the Bond Resolution that results in an Average Annual Debt Service of$496,954.98. Please note that that these payments may change slightly to reflect the final issuance date of the Bonds. A revised Payment Schedule will be attached to the final executed Bond. FEASIBILITY STUDY Prior to the issuance to any debt of the City, Section 4.10 of the City's Charter requires (i) the approval of five City Commissioners and (ii) the receipt by the City Commission of a feasibility study from the City Manager and the Finance Director concluding that sufficient revenues are available to repay the indebtedness and that the funds are being borrowed for a valid public purpose. On January 18, 2018, the City Manager and Finance Director presented information to the City Commission regarding the issuance of debt in an amount not to exceed $7,100,000 which satisfied the feasibility study and public purpose requirements. Further, assuming adoption of the attached Resolution and the accompanying Ordinance by at least five City Commissioners, all requirements of the feasibility study will have been met. 2 STAFF RECOMMENDATION Based on the foregoing, the staff is recommending that the City Commission approve the attached Resolution that authorizes the issuance of Capital Improvement Bonds, Series 2018 in the aggregate principal amount of $7,100,000 for the purpose of financing a portion of the cost of constructing and equipping a charter high school within the City, and paying costs of issuance of the bonds; awarding the sale of the bonds to Branch Banking and Trust Company; providing for security for the bonds and designating the Bonds as qualified tax-exempt obligations under section 265(B)(3)(B) of the Internal Revenue Code of 1986. Please note that the Resolution has been drafted by our Bond Counsel — Jeff DeCarlo of Weiss Serota Helfman Cole & Bierman, P.L. and has been reviewed by our City Attorney as well as the Bank's attorneys. Assuming Commission approval of the attached Resolution and accompany Ordinance, the City is tentatively scheduled to have a pre-closing on the Bond on February 12, 2018. In addition, once we have all of the necessary documentation, a future budget amendment will be prepared and presented to the City Commission for their approval in order to establish the legal budget as it relates to this Bond Transaction. If you should have any questions related to this memorandum, please feel free to contact the City Manager. 3 RESOLUTION NO. 2018-_ A RESOLUTION OF THE CITY OF AVENTURA, FLORIDA, AUTHORIZING THE ISSUANCE OF CAPITAL IMPROVEMENT BONDS, SERIES 2018, OF THE CITY OF AVENTURA, FLORIDA, IN THE AGGREGATE PRINCIPAL AMOUNT OF $7,100,000 FOR THE PURPOSE OF FINANCING A PORTION OF THE COST OF CONSTRUCTING AND EQUIPPING A CHARTER HIGH SCHOOL WITHIN THE CITY, AND PAYING COSTS OF ISSUANCE OF THE BONDS;AWARDING THE SALE OF THE BONDS TO BRANCH BANKING AND TRUST COMPANY; PROVIDING FOR SECURITY FOR THE BONDS; DESIGNATING THE BONDS AS QUALIFIED TAX-EXEMPT OBLIGATIONS UNDER SECTION 265(B)(3)(B)OF THE INTERNAL REVENUE CODE OF 1986;PROVIDING OTHER PROVISIONS RELATING TO THE BONDS; MAKING CERTAIN COVENANTS AND AGREEMENTS IN CONNECTION THEREWITH; PROVIDING FOR SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS,on February 6,2018,the City Commission(the"Commission")of the City of Aventura, Florida (the "City") adopted Ordinance No.2018-04(the"Ordinance") authorizing the issuance of not exceeding$7,100,000 of bonds for the purpose of financing a portion of the costs of constructing and equipping a charter high school to be owned by the City within the City (the "Project")and paying costs of issuance of the bonds,and accepting a proposal from Branch Banking and Trust Company (the"Bank") to purchase the bonds; and WHEREAS,the Commission desires to set forth the details of the bonds in this Resolution; NOW,THEREFORE,BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF AVENTURA, FLORIDA: SECTION I. AUTHORIZATION OF BONDS. Pursuant to the provisions of this Resolution and the Ordinance, Capital Improvement Bonds of the City to be designated "City of Aventura,Florida Capital Improvement Bonds,Series 2018"(the"Bonds"),are hereby authorized to be issued in an aggregate principal amount of$7,100,000 for the purpose of financing a portion of the costs of the Project and paying costs of issuance of the Bonds. SECTION 2. TERMS OF THE BONDS. (a) General Provisions. The Bonds shall be issued in fully registered form without coupons. The principal of and interest on the Bonds shall be payable when due in lawful money of the United States of America by wire transfer or by certified check delivered on or prior to the date due to the registered owners of the Bonds ("Owners") or their legal representatives at the addresses of the Owners as they appear on the registration books of the City. Payments shall be made in immediately available funds by no later than 2:00 p.m., Eastern time, on the date due,free and clear of any defenses, set-offs, counterclaims, or withholdings or deductions for taxes. The Bonds shall be dated the date of their issuance and delivery and shall be initially issued as one Bond in the denomination of$7,100,000. The Bonds shall mature on August 1, 2038. City of Aventura Resolution No. 2018- TI IE BONDS SHALL NOT BE DEEMED TO CONSTITUTE AN INDEBTEDNESS OF THE CITY OR A PLEDGE OF THE FAITH AND CREDIT OF THE CITY, BUT SHALL BE PAYABLE EXCLUSIVELY FROM LEGALLY AVAILABLE NON-AD VALOREM REVENUES, AS DEFINED IN THIS RESOLUTION,OF THE CITY BUDGETED AND APPROPRIATED BY THE CITY AS DESCRIBED HEREIN. THE ISSUANCE OF THE BONDS SHALL NOT DIRECTLY OR INDIRECTLY OR CONTINGENTLY OBLIGATE THE CITY TO LEVY OR TO PLEDGE ANY FORM OF TAXATION WHATEVER THEREFOR NOR SHALL THE BONDS CONSTITUTE A CHARGE, LIEN, OR ENCUMBRANCE, LEGAL OR EQUITABLE, UPON ANY PROPERTY OF THE CITY, AND THE OWNERS OF THE BONDS SHALL HAVE NO RECOURSE TO THE POWER OF TAXATION. (b) Interest Rate. Subject to adjustment as provided below,the Bonds shall bear interest on the outstanding principal balance from their date of issuance payable semiannually on each February 1 and August 1 (the`interest Payment Dates"), commencing August 1,2018, at an interest rate equal to 3.68%per annum. Interest on the Bonds shall be computed on the basis of a 360-day year consisting of twelve 30-day months. (i) Adjustment of Interest Rate Upon a Determination of Taxability. Upon a Determination of Taxability (as defined below), the rate of interest on the Bonds shall be adjusted upward to 4.62%per annum(the"Taxable Rate"),retroactive as of the date of the Determination of Taxability event. In addition to the payments of principal and interest on the Bonds required to be paid pursuant to the terms of this Resolution and the Bonds, the City hereby agrees to pay to the Owners the Additional Amount (as defined below) upon demand. "Additional Amount"means(1)the difference between(A)interest on the Bonds for the period commencing on the date on which the interest on the Bonds ceased to be excludable from gross income for federal income tax purposes and ending on the earlier of the date the Bonds ceased to be outstanding or such adjustment is no longer applicable to the Bonds (the "Taxable Period") at a rate per annum equal to the Taxable Rate, and (B) the aggregate amount of interest paid on the Bonds for the Taxable Period under the provisions of the Bonds without considering the Determination of Taxability,plus(2)any penalties and interest paid or payable by such Owners to the Internal Revenue Service by reason of such Determination of Taxability. A"Determination of Taxability" shall mean a final decree or judgment of any Federal court or a final action of the Internal Revenue Service or of the United States Treasury Department determining that interest paid or payable on any Bond is or was includable in the gross income of the Owner of such Bond for Federal income tax purposes;provided,that no such decree,judgment,or action will be considered final for this purpose,however,unless the City has been given written notice thereof and,if it is so desired and is legally allowed,has been afforded the opportunity to contest the same,either directly or in the name of the Owners, and until the conclusion of any appellate review, if sought. (ii) Adjustment of Interest Rate for Loss of Bank Qualified Status. So long as no Determination of Taxability shall have occurred,upon the occurrence of a Loss of BQ Status (as defined below), and for as long as the Bonds remain outstanding,the interest rate on the Page 2 of2l City of Aventura Resolution No. 2018- Bonds shall be converted to the Adjusted BQ Rate (as defined below). In addition, upon a Loss of BQ Status, the City shall pay to the Owners (I) an additional amount equal to the difference between(A)the amount of interest actually paid on the Bonds during the period of time from the date of occurrence of the Loss of BQ Status to the date the Bonds cease to be outstanding, and(B) the amount of interest that would have been paid during the period in clause(A)had the Bonds borne interest at the Adjusted BQ Rate,and(2)an amount equal to any penalties and interest paid or payable by such Owners to the Internal Revenue Service by reason of such as a result of the Loss of BQ Status. As used in the preceding paragraph: "Adjusted BQ Rate" shall mean, upon a Loss of BQ Status, the interest rate per annum that shall provide the Owners with the same after tax yield that the Owners would have otherwise received had the Loss of BQ Status not occurred, taking into account the increased taxable income of the Owners as a result of such Loss of BQ Status. The Owners shall provide the City with a written statement explaining the calculation of the Adjusted BQ Rate,which statement shall, in the absence of manifest error,be conclusive and binding on the City; and "Loss of BQ Status" shall mean a determination by the Owners, confirmed by an opinion of nationally recognized bond counsel selected and approved by the Owners and the City, that the Bonds are not a "qualified tax-exempt obligation" within the meaning of Section 265(b)(3) of the Internal Revenue Code of 1986, as amended (the "Code"), or any successor provision. A certificate of the Owners as to any such additional amount or amounts, in the absence of manifest error, shall be final and conclusive. In determining such amount, the Owners may use any reasonable averaging and attribution methods. (c) Prepayment Provisions. (i) Mandatory Prepayment. The principal of the Bonds shall be subject to mandatory prepayment in semiannual installments on each Interest Payment Date,commencing August 1, 2018 in the amounts set forth in the Payment Schedule attached to the Bonds under the column labelled"Principal". In the event that there is more than one Owner of the Bonds, (A) the City shall determine the amount of each Bond to be redeemed, and (B) the City shall give notice to each Owner of the Bonds at least three(3)days prior to the date of mandatory redemption of the amount of each Bond to be redeemed. (ii) Optional Prepayment. The Bonds are subject to optional prepayment, upon written notice to the Owners given by the City at least five (5)business days prior to the date fixed for prepayment,in whole but not in part at any time on or after August 1,2023,at a price of par plus accrued interest to the date of prepayment. Page 3 of21 City of Aventura Resolution No. 2018- SECTION 3. EXECUTION OF BONDS. The Bonds shall be signed in the name of the City by the City Manager and the City Clerk, and its seal shall be affixed thereto or imprinted or reproduced thereon.The signatures of City Manager and City Clerk on the Bonds may be manual or facsimile signatures,provided that the signature of one of such officers shall be a manual signature. In case any one or more of the officers who shall have signed or sealed any of the Bonds shall cease to be such officer of the City before the Bonds so signed and sealed shall have been actually sold and delivered,such Bonds may nevertheless be sold and delivered as herein provided and may be issued as if the person who signed and sealed such Bonds had not ceased to hold such office. Any Bonds may be signed and sealed on behalf of the City by such person as at the actual time of the execution of such Bonds shall hold the proper office, although at the date of such Bonds such person may not have held such office or may not have been so authorized. SECTION 4. NEGOTIABILITY, REGISTRATION AND CANCELLATION. The City shall serve as Registrar and as such shall keep books for the registration of Bonds and for the registration of transfers of Bonds. Bonds may be transferred or exchanged upon the registration books kept by the City,upon delivery to the City,together with written instructions as to the details of the transfer or exchange, of such Bonds in form satisfactory to the City and with guaranty of signatures satisfactory to the City, along with the social security number or federal employer identification number of any transferee and,if the transferee is a trust,the name and social security or federal tax identification numbers of the settlor and beneficiaries of the trust,the date of the trust and the name of the trustee. Bonds may be exchanged for one or more Bonds of the same aggregate principal amount and maturity and in denominations in integral multiples of$250,000(except that an odd lot is permitted to complete the outstanding principal balance).No transfer or exchange of any Bond shall be effective until entered on the registration books maintained by the City. The City may deem and treat the person in whose name any Bond shall be registered upon the books kept by the City as the absolute Owner of such Bond, whether such Bond shall be overdue or not,for the purpose of receiving payment of, or on account of,the principal of and interest on such Bond as they become due and for all other purposes.All such payments so made to any such Owner or upon such Owner's order shall be valid and effectual to satisfy and discharge the liability upon such Bond to the extent of the sum or sums so paid. In all cases in which Bonds are transferred or exchanged in accordance with this Section,the City shall execute and deliver Bonds in accordance with the provisions of this Resolution.All Bonds surrendered in any such exchanges or transfers shall forthwith be cancelled by the City.There shall be no charge for any such exchange or transfer of Bonds,but the City may require the payment of a sum sufficient to pay any tax, fee or other governmental charge required to be paid with respect to such exchange or transfer.The City shall not be required to transfer or exchange Bonds for a period of 15 days next preceding an Interest Payment Date on such Bonds. All Bonds, the principal of and interest on which have been fully paid, either at or prior to maturity,shall be delivered to the City after such payment is made,and shall thereupon be cancelled. In case a portion but not all of an outstanding Bond shall be prepaid pursuant to mandatory prepayment provisions,such Bond shall not be surrendered in exchange for a new Bond,but the City shall make a notation indicating the remaining outstanding principal of the Bonds upon the Page 4 of21 City of Aventura Resolution No. 2018- registration books.The Bond so redesignated shall have the remaining principal as provided on such registration books and shall be deemed to have been issued in the denomination of the outstanding principal balance, which shall be an authorized denomination. SECTION 5. BONDS MUTILATED, DESTROYED, STOLEN OR LOST. In case any Bond shall become mutilated or be destroyed, stolen or lost,the City may in its discretion issue and deliver a new Bond of like tenor as the Bond so mutilated,destroyed, stolen or lost, in the case of a mutilated Bond, in exchange and substitution for such mutilated Bond upon surrender of such mutilated Bond or in the case of a destroyed, stolen or lost Bond in lieu of and substitution for the Bond destroyed, stolen or lost, upon the Owner furnishing the City proof of ownership thereof, satisfactory proof of loss or destruction thereof and satisfactory indemnity, complying with such other reasonable regulations and conditions as the City may prescribe and paying such expenses as the City may incur.The City shall cancel all mutilated Bonds that are surrendered. If any mutilated, destroyed, lost or stolen Bond shall have matured or be about to mature, instead of issuing a substitute Bond, the City may pay the principal of and interest on such Bond upon the Owner complying with the requirements of this paragraph. Any such duplicate Bonds issued pursuant to this section shall constitute original,additional contractual obligations of the City whether or not the lost, stolen or destroyed Bonds be at any time found by anyone,and such duplicate Bonds shall be entitled to equal and proportionate benefits and rights as to lien on and source and security for payment from the funds,as hereinafter pledged,to the extent as all other Bonds issued hereunder. SECTION 6. FORM OF BONDS. The text of the Bonds shall be of substantially the tenor set forth in Exhibit"A"hereto,with such omissions,insertions and variations as may be necessary and desirable and authorized or permitted by this Resolution. SECTION 7. COVENANT TO BUDGET AND APPROPRIATE. The City hereby covenants and agrees to appropriate in its annual budget,by amendment,if necessary,from Non-Ad Valorem Revenues (as defined in this Section) lawfully available in each fiscal year, amounts sufficient to pay the principal and interest due on the Bonds in accordance with their terms during such fiscal year. "Non-Ad Valorem Revenues" means all revenues of the City derived from any source other than ad valorem taxation on real or personal property and which are legally available to make the payments required under this Resolution, but only after provision has been made by the City for the payment of all essential or legally mandated services not otherwise provided for by ad valorem taxes. Such covenant and agreement on the part of the City to budget and appropriate such amounts of Non-Ad Valorem Revenues shall be cumulative to the extent not paid,and shall continue until such Non-Ad Valorem Revenues or other legally available funds in amounts sufficient to make all such required payments shall have been budgeted, appropriated and actually paid. Notwithstanding the foregoing covenant of the City, the City does not covenant to maintain any services or programs, now provided or maintained by the City, which generate Non-Ad Valorem Revenues. Such covenant to budget and appropriate does not create any lien upon or pledge of such Non-Ad Valorem Revenues, nor does it preclude the City from pledging in the future its Non-Ad Valorem Revenues provided such pledge will not result in insufficient Non-Ad Valorem Revenues Page 5 of 21 City of Aventura Resolution No. 2018-_ being available to meet the City's obligations under this Resolution and the Bonds, nor does it require the City to levy and collect any particular Non-Ad Valorem Revenues, nor does it give the Owners a prior claim on the Non-Ad Valorem Revenues until such Non-Ad Valorem Revenues are actually budgeted and appropriated for payment of the Bonds, as opposed to claims of general creditors of the City. Such covenant to appropriate Non-Ad Valorem Revenues is subject in all respects to the payment of obligations secured by a pledge of such Non-Ad Valorem Revenues heretofore or hereinafter entered into(including the payment of debt service on bonds and other debt instruments). However,the covenant to budget and appropriate in its annual budget for the purposes and in the manner stated herein shall have the effect of making available in the manner described herein Non-Ad Valorem Revenues available for the payment of the Bonds and placing on the City a positive duty to appropriate and budget,by amendment,if necessary,amounts sufficient to meet its obligations under this Resolution, subject, however, in all respects to the terms of this Resolution and the restrictions of Section 166.241(2), Florida Statutes, which provides, in part, that the governing body of each municipality make appropriations for each fiscal year which,in any one year, shall not exceed the amount to be received from taxation or other revenue sources; and subject, further,to the payment of services and programs which are for essential public purposes affecting the health,welfare and safety of the inhabitants of the City or which are legally mandated by applicable law. SECTION 8. BOND FUND. There is hereby created a fund entitled"City of Aventura, Florida Capital Improvement Bonds, Series 2018 Bond Fund" (the"Bond Fund"). There shall be deposited into the Bond Fund on or before each Interest Payment Date sufficient amounts of Non-Ad Valorem Revenues as specified in Section 7 hereof which,together with the amounts already on deposit therein,will enable the City to pay the principal of and interest on the Bonds on each Interest Payment Date. Moneys in the Bond Fund shall be applied on each Interest Payment Date to the payment of principal of and interest on the Bonds coming due on each such date. SECTION 9. INVESTMENTS. Subject to Section 12 hereof, moneys in the funds and accounts created hereunder may be invested only in obligations permitted by Section 218.415(17), Florida Statutes ("Authorized Investments"). SECTION 10. APPLICATION OF BOND PROCEEDS. The proceeds received upon the sale of the Bonds shall be applied simultaneously with the delivery of the Bonds as follows: 1. The City shall first use the moneys from the Bonds to pay the costs of issuance of the Bonds. 2. The remainder of the proceeds of the Bonds shall be deposited in the "City of Aventura, Florida, Capital Improvement Bonds, Series 2018 Project Fund" (the "Project Fund"), hereby created, and used only in connection with the Project. Pending their use, the proceeds in the Project Fund may be invested in Authorized Investments maturing not later than the date or dates on which such proceeds will be needed for the payment of Project costs,as determined by the Finance Director of the City(the"Finance Director"). Subject to Section 12 hereof, any income received upon such investments shall be deposited in the Page 6 of 21 City of Aventura Resolution No. 2018-_ Project Fund and applied to costs of the Project or, at the option of the City, deposited in the Bond Fund and used to pay interest on the Bonds until completion of the Project. Subject to Section 12 hereof,after the completion of the Project,any remaining balance of proceeds of the Bonds shall be used either to prepay the Bonds or to pay the principal of the Bonds coming due on the next Interest Payment Date. The Project Fund shall be kept separate and apart from all other funds of the City and the moneys on deposit therein shall be withdrawn, used and applied by the City solely for the purposes set forth herein. Pending such application,the Project Fund shall be subject to the lien of the Owners of the Bonds for the payment of the principal of and interest on the Bonds. The registered Owners shall have no responsibility for the use of the proceeds of the Bonds, and the use of such Bond proceeds by the City shall in no way affect the rights of such registered Owners. The City shall be obligated to apply the proceeds of the Bonds solely as provided herein. However, the City shall be irrevocably obligated to continue to pay the principal of and interest on the Bonds notwithstanding any failure of the City to use and apply such Bond proceeds in the manner provided herein. SECTION 11. FUNDS. Each of the funds and accounts herein established and created shall constitute trust funds for the purposes provided herein for such funds and accounts respectively.The money in such funds and accounts shall be continuously secured in the same manner as deposits of City funds are authorized to be secured by the laws of the State of Florida. Except as otherwise provided herein, earnings on any investments in any amounts on any of the funds and accounts herein established and created shall be credited to such respective fund or account. The designation and establishment of the funds and accounts in and by this Resolution shall not be construed to require the establishment of any completely independent,self-balancing funds,as such term is commonly defined and used in governmental accounting,but rather is intended solely to constitute an earmarking of certain revenues and assets of the City for the purposes herein provided and to establish certain priorities for application of such revenues and assets. SECTION 12. INVESTMENTS AND USE OF PROCEEDS TO COMPLY WITH INTERNAL REVENUE CODE OF 1986. The City covenants to the Owners of the Bonds that it will take all actions and do all things necessary and desirable in order to maintain the exclusion from gross income for federal income tax purposes of interest on the Bonds,and shall refrain from taking any actions that would cause interest on the Bonds to be included in gross income for federal income tax purposes. In particular,the City will not make or direct the making of any investment or other use of the proceeds of the Bonds which would cause such Bonds to be "private activity bonds"as that term is defined in Section 141 (or any successor provision thereto)of the Code or"arbitrage bonds" as that term is defined in Section 148 (or any successor provision thereto) of the Code, and all applicable regulations promulgated under the Code, and that it will comply with the applicable requirements of Sections 141 and 148 of the Code and the aforementioned regulations throughout the term of the Bonds. SECTION 13. DESIGNATION UNDER SECTION 265(b)(3) OF THE CODE. The City represents that the reasonably anticipated amount of tax-exempt obligations(other than obligations Page 7 of 21 City of Aventura Resolution No. 2018- described in clause(ii)of Section 265(b)(3)(C)of the Code)which have been or will be issued by the City and any subordinate entities or entities issuing obligations on behalf of the City within the meaning of Section 265(b)(3)of the Code during calendar year 2018 does not exceed$10,000,000. The City hereby designates the Bonds as"qualified tax-exempt obligations"for purposes of Section 265(b)(3)(B)(i)of the Code,and shall make all necessary filings in order to effectuate such election. The City hereby covenants and agrees not to take any action or to fail to take any action if such action or failure would cause the Bonds to no longer be"qualified tax-exempt obligations." SECTION 14. ARBITRAGE REBATE COVENANTS. There is hereby created and established a fund to be held by the City, designated the "City of Aventura Capital Improvement Bonds, Series 2018 Rebate Fund" (the"Rebate Fund"). The Rebate Fund shall be held by the City separate and apart from all other funds and accounts held by the City under this Resolution and from all other moneys of the City. Notwithstanding anything in this Resolution to the contrary, the City shall transfer to the Rebate Fund the amounts required to be transferred in order to comply with the Rebate Covenants,if any, attached as an Exhibit to the Tax Certificate to be delivered by the City on the date of delivery of the Bonds (the "Rebate Covenants"), when such amounts are so required to be transferred. The City Manager shall make or cause to be made payments from the Rebate Fund of amounts required to be deposited therein to the United States of America in the amounts and at the times required by the Rebate Covenants. The City covenants for the benefit of the Owners of the Bonds that it will comply with the Rebate Covenants. The Rebate Fund,together with all moneys and securities from time to time held therein and all investment earnings derived therefrom, shall be excluded from the pledge and lien of this Resolution.The City shall not be required to comply with the requirements of this Section 14 in the event that the City obtains an opinion of nationally recognized bond counsel that (i) such compliance is not required in order to maintain the federal income tax exemption of interest on the Bonds and/or(ii) compliance with some other requirement is necessary to maintain the federal income tax exemption of interest on the Bonds. SECTION 15. SPECIAL COVENANTS. The City shall,while the Bonds are outstanding, within two hundred seventy (270) days of the end of each fiscal year of the City, deliver to the Owners a copy of the annual audited financial statements of the City. Within sixty(60)days of its final adoption,the City shall deliver to the Owners a copy of the operating budget for each upcoming fiscal year of the City and, upon request, any other financial information reasonably requested by such Owners. SECTION 16. COVENANTS BINDING ON CITY AND SUCCESSOR. All covenants, stipulations,obligations and agreements of the City contained in this Resolution constitute a contract between the City and the Owners of the Bonds and shall be deemed to be covenants, stipulations, obligations and agreements of the City to the full extent authorized or permitted by law,and all such covenants,stipulations,obligations and agreements shall be binding upon the successor or successors thereof from time to time and upon the officer,board,body or commission to whom or to which any power or duty affecting such covenants,stipulations,obligations and agreements shall be transferred by or in accordance with law. Except as otherwise provided in this Resolution,all rights,powers and privileges conferred Page 8 of 21 City of Aventura Resolution No. 2018-_ and duties and liabilities imposed upon the City or upon the City Commission by the provisions of this Resolution shall be exercised or performed by the City Commission or by such officers,board, body or commission as may be required by law to exercise such powers or to perform such duties. No covenant, stipulation,obligation or agreement herein contained shall be deemed to be a covenant, stipulation, obligation or agreement of any present or future member of the City Commission or officer, agent or employee of the City in his or her individual capacity, and neither the members of the City Commission nor any officer, agent or employee of the City executing the Bonds shall be liable personally on the Bonds or be subject to any personal liability or accountability by reason of the issuance thereof. SECTION 17. EVENTS OF DEFAULT. Each of the following events is hereby declared an "event of default": (a) payment of the principal of or amortization installments of any of the Bonds shall not be made when the same shall become due and payable; or (b) payment of any installment of interest on any of the Bonds shall not be made when the same shall become due and payable; or (c) the City shall default in the due and punctual performance of any covenant, condition,agreement or provision contained in the Bonds or in this Resolution(except for a default described in subsection (a) or (b) of this Section) on the part of the City to be performed,and such default shall continue for thirty(30)days after written notice specifying such default and requiring same to be remedied shall have been given to the City by any Owner of any Bond; provided that it shall not constitute an event of default if the default is not one that can be cured within such thirty(30)days,as agreed by the Owners and the City, and the City commences within such thirty(30)days and is proceeding diligently with action to correct such default; or (d) any proceeding shall be instituted with the consent of the City for the purpose of effecting a composition between the City and its creditors or for the purpose of adjusting the claims of such creditors pursuant to any federal or state statute now or hereafter enacted and any such proceeding shall not have been dismissed within ninety (90) days after the institution of the same. SECTION 18. REMEDIES;RIGHTS OF OWNERS. Immediately and without notice,upon the occurrence of an Event of Default described in Sections 17(a),(b)and(d)of this Resolution,the Owners may declare all obligations of the City under this Resolution and the Bonds to be immediately due and payable without further action of any kind, and upon such declaration the Bonds and the interest accrued thereon shall become immediately due and payable.In addition,and regardless whether such declaration is or is not made,and for all other Events of Default,the Owners may seek enforcement of and exercise all remedies available to it under any applicable law. No delay or omission to exercise any right or power accruing upon any default or event of default shall impair any such right or power or shall be construed to be waiver of any such default or Page 9 of2l City of Aventura Resolution No. 2018-_ event of default or acquiescence therein;and every such right and power may be exercised from time to time and as often as may be deemed expedient.No waiver of any event of default hereunder shall extend to or shall affect any subsequent event of default or shall impair any rights or remedies consequent thereon. The City agrees, to the extent permitted by law, to indemnify the Bank and its directors, officers,employees and agents from and against any losses,claims,damages,liabilities and expenses (including, without limitation, counsel fees and expenses) which may be reasonably incurred in connection with the proper enforcement of the provisions of this Resolution and the Bonds. In addition,any amount due hereunder not paid when due shall bear interest at a default rate equal to the interest rate on the Bonds plus 2%per annum from and after five(5)days after the due date. SECTION 19. DEFEASANCE. (a) The covenants, liens and pledges entered into, created or imposed pursuant to this Resolution may be fully discharged and satisfied with respect to the Bonds in any one or more of the following ways. (i) by paying the principal of, prepayment premium, if any, and interest on the Bonds when the same shall become due and payable; or (ii) by depositing with an escrow agent certain moneys irrevocably pledged to the payment of the Bonds,which together with other moneys lawfully available therefor,if any, shall be sufficient at the time of such deposit with the escrow agent to pay when due the principal,prepayment premium,if any,and interest due and to become due on said Bonds on or prior to the prepayment date or maturity date thereof; or (iii) by depositing with an escrow agent moneys irrevocably pledged to the payment of the Bonds,which together with other moneys lawfully available therefor, when invested by the escrow agent in direct obligations of the United States of America which shall not be subject to redemption prior to their maturity other than at the option of the holder thereof,will provide moneys which shall be sufficient(as evidenced by a verification report of an independent certified public accountant or firm of accountants) to pay when due the principal,prepayment premium,if any,and interest due and to become due on said Bonds on or prior to the prepayment date or maturity date thereof Upon such payment or deposit with an escrow agent in the amount and manner provided in this Section 19, the Bonds shall be deemed to be paid and shall no longer be deemed to be outstanding for the purposes of this Resolution and the covenants of the City hereunder and all liability of the City with respect to said Bonds shall cease,terminate and be completely discharged and extinguished and the Owners thereof shall be entitled to payment solely out of the moneys or securities so deposited with the escrow agent; provided, however, that CO if any Bonds are to be redeemed prior to the maturity thereof,notice of the redemption thereof shall have been duly given in accordance with the provisions of Section 2 hereof and (ii) in the event that any Bonds are not by Page 10 of 21 City of Aventura Resolution No. 2018- their terms subject to redemption with the next succeeding sixty (60) days following a deposit of moneys with the escrow agent in accordance with this Section,the City shall have given the escrow agent in form satisfactory to it irrevocable instructions to mail to the Owners of such Bonds at their addresses as they appear on the registration books of the City, a notice stating that a deposit in accordance with this Section has been made with the escrow agent and that the Bonds are deemed to have been paid in accordance with this Section and stating such maturity or redemption date upon which moneys are to be available for the payment of the principal of,premium, if any,and interest on said Bonds. (b) Notwithstanding the foregoing, all references to the discharge and satisfaction of Bonds shall include the discharge and satisfaction of any portion of the Bonds. (c) If any portion of the moneys deposited with an escrow agent for the payment of the principal of,redemption premium,if any,and interest on any portion of the Bonds is not required for such purpose,the escrow agent shall transfer to the City the amount of such excess and the City may use the amount of such excess free and clear of any trust,lien,security interest,pledge or assignment securing said Bonds or otherwise existing under this Resolution. (d) Notwithstanding any of the foregoing,the requirements of Sections 12 and 14 hereof relating to use and investment of proceeds and rebate amounts due to the United States pursuant to the Rebate Covenants shall survive the payment of principal and interest with respect to the Bonds or any portion thereof. SECTION 20. SALE OF BONDS. Based upon the uncertainty of the interest rate environment if sale of the Bonds is delayed,the City hereby determines the necessity for a negotiated sale of the Bonds. Prior to the issuance of the Bonds, the City shall receive from the Bank all applicable disclosure information required by Section 218.385,Florida Statutes.The negotiated sale of the Bonds is hereby approved to the Bank at a purchase price of par. SECTION 21. FEASIBILITY STUDY. Prior to the issuance to any debt of the City,Section 4.10 of the City's Charter requires(i)the approval of five City Commissioners and(ii)the receipt by the City Commission of a feasibility study from the City Manager and the Finance Director concluding that sufficient revenues are available to repay the indebtedness and that the funds are being borrowed for a valid public purpose. On January 18, 2018, the City Manager and Finance Director presented information to the City Commission regarding the issuance of debt in an amount not to exceed $7,100,000 which satisfied the feasibility study and public purpose requirements. Further, on the date of adoption of this Resolution, at least five City Commissioners approved the Ordinance and this Resolution authorizing the issuance of the Bonds in an amount of$7,100,000. SECTION 22. AUTHORITY OF OFFICERS. The Mayor,the Vice Mayor,any member of the Commission,the City Manager,the City Clerk,the Finance Director and any other proper official of the City,are and each of them is hereby authorized and directed to execute and deliver any and all documents and instruments and to do and cause to be done any and all acts and things necessary or proper for carrying out the transaction contemplated by this Resolution and the other documents identified herein. Page 11 of 21 City of Aventura Resolution No. 2018- SECTION 23. SEVERABILITY. In case any one or more of the provisions of this Resolution or of any Bonds issued hereunder shall for any reason be held to be illegal or invalid, such illegality or invalidity shall not affect any other provision of this Resolution or of the Bonds,but this Resolution and the Bonds shall be construed and enforced as if such illegal or invalid provision had not been contained therein.The Bonds are issued and this Resolution is adopted with the intent that the laws of the State of Florida(the `State") shall govern their construction. SECTION 24. PAYMENTS DUE ON SATURDAYS, SUNDAYS AND HOLIDAYS. In any case where the date of maturity of interest on or principal of the Bonds shall be a Saturday, Sunday or a day on which the banks in the State are required,or authorized or not prohibited,by law (including executive orders)to close and are closed,then payment of such interest or principal need not be made by the City on such date but may be made on the next succeeding business day on which the banks in the State are open for business. SECTION 25. OPEN MEETING FINDINGS. It is hereby found and determined that all official acts of the City Commission concerning and relating to the adoption of this Resolution and all prior resolutions and ordinances affecting the City Commission's ability to issue the Bonds were taken in an open meeting of the City Commission and that all deliberations of the City Commission or any of its committees that resulted in such official acts were in meetings open to the public, in compliance with all legal requirements, including Section 286.011, Florida Statutes. SECTION 26. BANK FEES AND EXPENSES. The City hereby agrees to the fees payable to the Bank in connection with the issuance of the Bonds in the amount of$7,500.00,said amount to be due and payable upon the issuance of the Bonds. SECTION 27. REPEALING CLAUSE. All resolutions or orders and parts thereof in conflict herewith, to the extent of such conflicts, are hereby superseded and repealed. SECTION 28. EFFECTIVE DATE. This Resolution shall take effect immediately upon its adoption. The foregoing Resolution was offered by Commissioner ,who moved its adoption. This motion was seconded by Commissioner and upon being put to a vote,the vote was as follows: Commissioner Denise Landman Commissioner Dr. Linda Marks Commissioner Gladys Mezrahi Commissioner Marc Narotsky Commissioner Howard Weinberg Vice Mayor Robert Shelley Mayor Enid Weisman Page 12 of21 City of Aventura Resolution No. 2018- PASSED AND ADOPTED this 66 day of February, 2018. ENID WEISMAN, MAYOR ATTEST: ELLISA L. HORVATH, MMC CITY CLERK APPROVED AS TO LEGAL SUFFICIENCY: CITY ATTORNEY This Resolution was filed in the Office of the City Clerk this day of , 2018. Page 13 of21 City of Aventura Resolution No. 2018- EXHIBIT "A" No. R- $7,100,000 UNITED STATES OF AMERICA STATE OF FLORIDA CITY OF AVENTURA CAPITAL IMPROVEMENT BOND SERIES 2018 Registered Owner: Branch Banking and Trust Company Principal Amount: Seven Million One Hundred Thousand Dollars ($7,100,000) KNOW ALL MEN BY THESE PRESENTS, that the City of Aventura, Florida (the "City"), for value received, hereby promises to pay to the Registered Owner shown above, or registered assigns (the "Owner"), from the sources hereinafter mentioned, the Principal Amount specified above. Subject to the rights of prior prepayment and redemption described in this Bond, this Bond shall mature on August 1,2038. Payments due hereunder shall be made no later than 2:00 p.m., Eastern time, on the date due, free and clear of any defenses, set-offs, counterclaims, or withholding or deductions for taxes. Any amount due hereunder not paid when due shall bear interest at a default rate equal to the interest rate on this Bond plus 2%per annum from and after five (5)days after the due date. This Bond is issued under authority of and in full compliance with the Constitution and laws of the State of Florida,including particularly Part 11 of Chapter 166,Florida Statutes,as amended,the Charter of the City, Ordinance No. 2018-04 duly enacted by the City Commission (the "Commission")of the City on February 6,2018(the`Ordinance"),and Resolution No.2018-_duly adopted on February 6, 2018 (the "Resolution," and collectively with the Ordinance, the "Bond Ordinance"),and is subject to the terms of said Bond Ordinance.This Bond is issued for the purpose of financing a portion of the costs of constructing and equipping a charter high school within the City (the "Project") and paying costs of issuance of the Bonds (as defined the Bond Ordinance). This Bond shall be payable only from the sources identified herein. Subject to adjustment as provided herein, this Bond shall bear interest on the outstanding principal balance from its date of issuance payable semiannually on each February 1 and August I (the"Interest Payment Dates"),commencing August 1,2018,at an interest rate equal to 3.68%per annum. Interest on this Bond shall be computed on the basis of a 360-day year consisting of twelve 30-day months. The principal of and interest on this Bond are payable in lawful money of the United States of America by wire transfer or by certified check delivered on or prior to the date due to the registered Page 14 of 21 City of Aventura Resolution No. 2018- Owner or such Owner's legal representative at the address of the Owner as it appears on the registration books of the City. Presentation of this Bond for such payment shall not be required. Adjustment of Interest Rate Upon a Determination of Taxability. Upon a Determination of Taxability(as defined below),the rate of interest on this Bond shall be adjusted upward to 4.62%per annum(the"Taxable Rate"),retroactive as of the date of the Determination of Taxability event. In addition to the payments of principal and interest on this Bond required to be paid pursuant to the terms of the Bond Ordinance and this Bond, the City hereby agrees to pay to the Owner the Additional Amount (as defined below) upon demand. "Additional Amount" means (1) the difference between (A) interest on this Bond for the period commencing on the date on which the interest on this Bond ceased to be excludable from gross income for federal income tax purposes and ending on the earlier of the date this Bond ceased to be outstanding or such adjustment is no longer applicable to this Bond(the"Taxable Period")at a rate per annum equal to the Taxable Rate,and(B) the aggregate amount of interest paid on this Bond for the Taxable Period under the provisions of this Bond without considering the Determination of Taxability, plus (2) any penalties and interest paid or payable by the Owner of this Bond to the Internal Revenue Service by reason of such Determination of Taxability.A"Determination of Taxability"shall mean a final decree or judgment of any Federal court or a final action of the Internal Revenue Service or of the United States Treasury Department determining that interest paid or payable on this Bond is or was includable in the gross income of the Owner for Federal income tax purposes;provided,that no such decree,judgment, or action will be considered final for this purpose, however, unless the City has been given written notice thereof and, if it is so desired and is legally allowed, has been afforded the opportunity to contest the same, either directly or in the name of the Owner, and until the conclusion of any appellate review, if sought. Adjustment of Interest Rate for Loss of Bank Qualified Status. So long as no Determination of Taxability shall have occurred, upon the occurrence of a Loss of BQ Status (as defined below), and for as long as this Bond remains outstanding,the interest rate on this Bond shall be converted to the Adjusted BQ Rate(as defined below).In addition,upon a Loss of BQ Status, the City shall pay to the Owner(1) an additional amount equal to the difference between (A) the amount of interest actually paid on this Bond during the period of time from the date of occurrence of the Loss of BQ Status to the date this Bond ceases to be outstanding,and(B)the amount of interest that would have been paid during the period in clause(A)had this Bond borne interest at the Adjusted BQ Rate,and (2) an amount equal to any penalties and interest paid or payable by such Owner to the Internal Revenue Service by reason of such as a result of the Loss of BQ Status. As used in the preceding paragraph: "Adjusted BQ Rate"shall mean, upon a Loss of BQ Status,the interest rate per annum that shall provide the Owner with the same after tax yield that the Owner would have otherwise received had the Loss of BQ Status not occurred, taking into account the increased taxable income of the Owner as a result of such Loss of BQ Status. The Owner shall provide the City with a written statement explaining the calculation of the Adjusted BQ Rate,which statement shall,in the absence of manifest error, be conclusive and binding on the City; and Page 15 of21 City of Aventura Resolution No. 2018- "Loss of BQ Status" shall mean a determination by the Owner, confirmed by an opinion of nationally recognized bond counsel selected and approved by the Owner and the City,that this Bond is not a"qualified tax-exempt obligation" within the meaning of Section 265(b)(3) of the Internal Revenue Code of 1986, as amended, or any successor provision. A certificate of the Owner as to any such additional amount or amounts, in the absence of manifest error,shall be final and conclusive. In determining such amount,the Owner may use any reasonable averaging and attribution methods. Mandatory Prepayment. The principal of this Bond shall be subject to mandatory prepayment in semiannual installments on each Interest Payment Date, commencing August 1, 2018, in the amounts set forth in the Payment Schedule attached to this Bond under the column labelled "Principal". Optional Prepayment. This Bond is subject to optional prepayment,upon written notice to the Owner given by the City at least five(5)business days prior to the date fixed for prepayment, in whole but not in part at any time on or after August 1,2023,at a price of par plus accrued interest to the date of prepayment. The City has covenanted and agreed in the Bond Ordinance to appropriate in its annual budget,by amendment, if necessary, from Non-Ad Valorem Revenues(as defined below) lawfully available in each fiscal year,amounts sufficient to pay the principal and interest due on this Bond in accordance with its terms during such fiscal year."Non-Ad Valorem Revenues"means all revenues of the City derived from any source other than ad valorem taxation on real or personal property and which are legally available to make the payments required under the Bond Ordinance,but only after provision has been made by the City for the payment of all essential or legally mandated services not otherwise provided for by ad valorem taxes. Such covenant and agreement on the part of the City to budget and appropriate such amounts of Non-Ad Valorem Revenues shall be cumulative to the extent not paid,and shall continue until such Non-Ad Valorem Revenues or other legally available funds in amounts sufficient to make all such required payments shall have been budgeted, appropriated and actually paid.Notwithstanding the foregoing covenant of the City,the City does not covenant to maintain any services or programs, now provided or maintained by the City, which generate non-ad valorem revenues. Such covenant to budget and appropriate does not create any lien upon or pledge of such Non-Ad Valorem Revenues, nor does it preclude the City from pledging in the future its Non-Ad Valorem Revenues provided such pledge will not result in insufficient Non-Ad Valorem Revenues being available to meet the City's obligations under the Bond Ordinance and this Bond,nor does it require the City to levy and collect any particular Non-Ad Valorem Revenues, nor does it give the Owners a prior claim on the Non-Ad Valorem Revenues until such Non-Ad Valorem Revenues are actually budgeted and appropriated for payment of this Bond, as opposed to claims of general creditors of the City. Such covenant to appropriate Non-Ad Valorem Revenues is subject in all respects to the payment of obligations secured by a pledge of such Non-Ad Valorem Revenues heretofore or hereinafter entered into(including the payment of debt service on bonds and other debt instruments). However,the covenant to budget and appropriate in its general annual budget for the Page 16 of 21 City of Aventura Resolution No. 2018- purposes and in the manner stated herein shall have the effect of making available in the manner described herein Non-Ad Valorem Revenues and placing on the City a positive duty to appropriate and budget,by amendment,if necessary,amounts sufficient to meet its obligations under the Bond Ordinance,subject, however, in all respects to the terms of the Bond Ordinance and the restrictions of Section 166.241(2), Florida Statutes, which provides, in part, that the governing body of each municipality make appropriations for each fiscal year which, in any one year, shall not exceed the amount to be received from taxation or other revenue sources;and subject,further,to the payment of services and programs which are for essential public purposes affecting the health,welfare and safety of the inhabitants of the City or which are legally mandated by applicable law. THIS BOND SHALL NOT BE DEEMED TO CONSTITUTE AN INDEBTEDNESS OF THE CITY OR A PLEDGE OF THE FAITH AND CREDIT OF THE CITY, BUT SHALL BE PAYABLE EXCLUSIVELY FROM LEGALLY AVAILABLE NON-AD VALOREM REVENUES OF THE CITY BUDGETED AND APPROPRIATED BY THE CITY AS DESCRIBED IN THE BOND ORDINANCE. THE ISSUANCE OF THIS BOND SHALL NOT DIRECTLY OR INDIRECTLY OR CONTINGENTLY OBLIGATE THE CITY TO LEVY OR TO PLEDGE ANY FORM OF TAXATION WHATEVER THEREFOR NOR SHALL THIS BOND CONSTITUTE A CHARGE,LIEN,OR ENCUMBRANCE,LEGAL OR EQUITABLE,UPON ANY PROPERTY OF THE CITY, AND THE OWNER OF THIS BOND SHALL HAVE NO RECOURSE TO THE POWER OF TAXATION. The original registered Owner, and each successive registered Owner of this Bond shall be conclusively deemed to have agreed and consented to the following terms and conditions: 1. The City shall keep books for the registration of Bonds and for the registration of transfers of Bonds as provided in the Bond Ordinance. Bonds may be transferred or exchanged upon the registration books kept by the City,upon delivery to the City,together with written instructions as to the details of the transfer or exchange,of such Bonds in form satisfactory to the City and with guaranty of signatures satisfactory to the City,along with the social security number or federal employer identification number of any transferee and,if the transferee is a trust,the name and social security or federal tax identification numbers of the settlor and beneficiaries of the trust, the date of the trust and the name of the trustee. The Bonds may be exchanged for Bonds of the same principal amount and maturity and denominations in integral multiples of $250,000 (except that an odd lot is permitted to complete the outstanding principal balance). No transfer or exchange of any Bond shall be effective until entered on the registration books maintained by the City. 2. The City may deem and treat the person in whose name any Bond shall be registered upon the books of the City as the absolute Owner of such Bond, whether such Bond shall be overdue or not,for the purpose of receiving payment of,or on account of,the principal of and interest on such Bond as they become due, and for all other purposes. All such payments so made to any such Owner or upon such Owner's order shall be valid and effectual to satisfy and discharge the liability upon such Bond to the extent of the sum or sums so paid. Page 17 of2l City of Aventura Resolution No. 2018-_ 3. In all cases in which the privilege of exchanging Bonds or transferring Bonds is exercised, the City shall execute and deliver Bonds in accordance with the provisions of the Bond Ordinance. There shall be no charge for any such exchange or transfer of Bonds, but the City may require payment of a sum sufficient to pay any tax, fee or other governmental charge required to be paid with respect to such exchange or transfer.The City shall not be required to transfer or exchange Bonds for a period of fifteen (15) days next preceding an interest payment date on such Bonds. 4. All Bonds,the principal of and interest on which have been paid,either at or prior to maturity, shall be delivered to the City after such full payment is made, and shall thereupon be cancelled. In case a portion but not all of an outstanding Bond shall be prepaid pursuant to mandatory prepayment provisions, such Bond shall not be surrendered in exchange for a new Bond, but the City shall make a notation indicating the remaining outstanding principal of the Bonds upon the registration books. The Bond so redesignated shall have the remaining principal as provided on such registration books and shall be deemed to have been issued in the denomination of the outstanding principal balance,which shall be an authorized denomination. It is hereby certified and recited that all acts, conditions and things required to happen, to exist and to be performed precedent to and for the issuance of this Bond have happened,do exist and have been performed in due time, form and manner as required by the Constitution and the laws of the State of Florida applicable thereto. Page 18 of 21 City of Aventura Resolution No. 2018-_ IN WITNESS WHEREOF, the City of Aventura, Florida has caused this Bond to be executed by the manual or facsimile signature of its City Manager and of its City Clerk,and the seal of the City of Aventura,Florida or a facsimile thereof to be affixed hereto or imprinted or reproduced hereon, all as of the day of February, 2018. CITY OF AVENTURA, FLORIDA City Manager (SEAL) City Clerk Page 19 of 21 City of Aventura Resolution No. 201 8-_ ASSIGNMENT FOR VALUE RECEIVED, the undersigned (the "Transferor"),hereby sells,assigns and transfers unto (Please insert name and Social Security or Federal Employer identification number of assignee)the within Bond and all rights thereunder, and hereby irrevocably constitutes and appoints (the"Transferee")as attorney to register the transfer of the within Bond on the books kept for registration thereof,with full power of substitution in the premises. Date Social Security Number or Federal Employer identification number of Assignee Signature Guaranteed: NOTICE: Signature(s)must be guaranteed by a member firm of the New York Stock Exchange or a commercial bank or a trust company NOTICE: No transfer will be registered and no new Bond will be issued in the name of the Transferee,unless the signature(s)to this assignment corresponds with the name as it appears upon the face of the within Bond in every particular, without alteration or enlargement or any change whatever and the Social Security or Federal Employer Identification Number of the Transferee is supplied. The following abbreviations, when used in the inscription on the face of the within Bond, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM - as tenants in common UNIF GIF MIN ACT - (Cust.) Custodian for (Minor) TEN ENT - as tenants by under Uniform Gifts to Minors the entirety Act of (State) JT TEN - as joint tenants with right of survivorship and not as tenants in common Additional abbreviations may also be used though not in the list above. Page 20 of 21 City of Aventura Resolution No. 2018- PAYMENT SCHEDULE* Ending Principal Coupon Interest Debt Service Debt Service 08/01/2018 10,000 3.680% 20,479.11 230,479.11 230.479.11 02/01/2019 20,000 3.680% 28,616.00 248,616.00 08/01/2019 20,000 3.680% 26.408.00 246,408.00 495,024.00 02/01/2020 25,000 3.680% 24,200.00 249,200.00 08/01/2020 25,000 3.680% 21,900.00 246,900.00 496,100.00 02/01/2021 30,000 3.680% 19,600.00 249,600.00 08/01/2021 30,000 3.680% 17,208.00 247,208.00 496,808.00 02/01/2022 30,000 3.680% 14.816.00 244,816.00 08/01/2022 40,000 3.680% 12,424.00 252,424.00 497,240.00 02/01/2023 35,000 3.680% 09,848.00 244,848.00 08/01/2023 45,000 3.680% 07,364.00 252,364.00 497.212.00 02/01/2024 45.000 3.680% 04,696.00 249,696.00 08/01/2024 45,000 3.680% 02,028.00 247,028.00 496,724.00 02/01/2025 50,000 3.680% 99,360.00 249,360.00 08/01/2025 50,000 3.680% 96,600.00 246.600.00 495.960.00 02/01/2026 55,000 3.680% 93,840.00 248,840.00 08/01/2026 55.000 3.680% 90,988.00 245.988.00 494,828.00 02/01/2027 65.000 3.680% 88,136.00 253,136.00 08/01/2027 60,000 3.680% 85.100.00 245,100.00 498,236.00 02/01/2028 65.000 3.680% 82.156,00 247.156.00 08/01/2028 70,000 3.680% 79,120.00 249,120.00 496,276.00 02/01/2029 75,000 3.680% 75.992.00 250,992.00 08/01/2029 75,000 3.680% 72.772.00 247,772.00 498364.00 02/01/2030 80,000 3.680% 69,552.00 249,552.00 08/01/2030 80,000 3.680% 66,240.00 246,240.00 495,792.00 02/01/2031 85,000 3.680% 62,928.00 247,928.00 08/01/2031 90,000 3.680% 59,524.00 249.524.00 497,452.00 02/01/2032 95.000 3.680% 56,028.00 251,028.00 08/01/2032 95,000 3.680% 52.440.00 247.440.00 498,468.00 02/01/2033 205.000 3.680% 48,852.00 253,852.00 08/01/2033 200.000 3.680% 45.080.00 245,080.00 498,932.00 02/01/2034 205,000 3.680% 41.400.00 246,400.00 08/01/2034 210,000 3.680% 37,628.00 247,628.00 494.028.00 02/01/2035 220,000 3.680% 33,764.00 253,764.00 08/01/2035 215,000 3.680% 29,716.00 244,716.00 498,480.00 02/01/2036 225,000 3.680% 25,760.00 250,760.00 08/01/2036 225,000 3.680% 21,620.00 246.620,00 497,380.00 02/01/2037 230,000 3.680% 17,480.00 247,480.00 08/01/2037 235,000 3.680% 13,248.00 248,248.00 495,728.00 02/01/2038 245,000 3.680% 8,924.00 253,924.00 08/01/2038 240,000 3.680% 4.416.00 244,416.00 498.340.00 7,100.000 3.068.251.11 10,168,251.11 10.168,251.11 *Payments may change slightly to reflect the final issuance date of the Bonds. A revised Payment Schedule will be attached to the final executed Bond. Page 21 of 21