| | | | | | | |  | Resolutions - R7 B
COMMISSION MEMORANDUM |
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| | | | | | | | | TO: | Honorable Mayor and Members of the City Commission | | | FROM: | Alina T. Hudak, City Manager and Rafael A. Paz, City Attorney | | | DATE: | July 25, 2022 | | | |
| | SUBJECT: | A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA CALLING FOR A NOVEMBER 8, 2022 CITY OF MIAMI BEACH SPECIAL ELECTION, FOR THE PURPOSE OF SUBMITTING TO THE ELECTORATE OF THE CITY OF MIAMI BEACH A QUESTION ASKING WHETHER CITY SHALL BE AUTHORIZED TO ISSUE GENERAL OBLIGATION BONDS, FROM TIME TO TIME, NOT EXCEEDING $159,000,000 IN AGGREGATE PRINCIPAL AMOUNT, PAYABLE FROM UNLIMITED AD VALOREM TAXES, BEARING INTEREST NOT EXCEEDING THE MAXIMUM LEGAL INTEREST RATE, AND MATURING NO LATER THAN 30 YEARS FROM ISSUANCE DATE, TO IMPROVE FACILITIES FOR RESILIENCY OF ARTS AND CULTURAL INSTITUTIONS THROUGHOUT THE CITY, INCLUDING MUSEUMS, PERFORMANCE VENUES, ARTISTIC PLAYGROUNDS, SENIOR/CULTURAL CENTERS, BOTANICAL GARDEN, AQUATIC SCULPTURE PARK, AND RELATED ARTIST/WORKFORCE HOUSING. |
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| | | | | | | | ANALYSIS
| On July 20, 2022, the Mayor and City Commission approved a resolution calling for a November 8, 2022 voter referendum on the proposed General Obligation Bond for Arts and Cultural facilities. The Resolution was amended on the floor, following discussion of the final list of proposed project line items and amounts.
The updated Resolution and accompanying exhibit with the updated project line items and amounts are attached hereto. In an abundance of caution, the City Clerk and City Attorney request that the City Commission ratify the updated Resolution at the July 25, 2022 City Commission meeting. |
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| | | | | | | | SUPPORTING SURVEY DATA
| | See July 20, 2022 Commission Memorandum. |
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| | | | | | | | FINANCIAL INFORMATION
| | See July 20, 2022 Commission Memorandum. |
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| | | | | | | | | Is this a "Residents Right to Know" item, pursuant to City Code Section 2-14? | | Does this item utilize G.O. Bond Funds? | | | Yes | | Yes | |
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| | | | | | | | Legislative Tracking
Office of the City Attorney |
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| | | | | | | | Sponsor
Mayor Dan Gelber and Commissioner Ricky Arriola |
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