City of Coral Gables

File #: 22-3747    Version: 1 Name:
Type: Resolution Status: Adopted
File created: 2/18/2022 In control: City Commission
On agenda: 3/8/2022 Final action: 3/8/2022
Enactment date: 3/8/2022 Enactment #: 2022-56
Title: A Resolution of the City Commission authorizing the issuance of not to exceed $16,000,000 in principal amount of capital improvement refunding revenue bond, taxable series 2022A (Miracle Mile Project) and not to exceed $4,000,000 in principal amount of capital improvement refunding revenue bonds, taxable series 2022B (Giralda Avenue Project) to refinance certain outstanding obligations; accepting the proposal of TD Bank, N.A.; authorizing the repayment of the Series 2022 bonds from pledged revenues; approving the form of and authorizing the execution and delivery of the loan agreements; approving the form of and authorizing the execution and delivery of an escrow deposit agreement; appointing an escrow agent; approving the form of and authorizing the execution and delivery of a bond purchase and exchange agreement and the issuance of tax-exempt bonds in exchange for the Series 2022A Bond and the Series 2002B Bond; delegating certain authority to the City Manager and Finance Director; a...
Attachments: 1. Signed Resolution 2022-56, 2. Agenda Cover Memo- Refinance SSGFC with Loan Agreement, 3. Resolution-Cinderella 2022 (02106593-4), 4. Exhibit A-Bank Proposal (02129310), 5. Exhibit B-Form of Series 2022 Loan Agreement (02129311), 6. Exhibit D-Form of Disclosure Letter (02129314), 7. Exhibit E-Form of Escrow Deposit Agreement (02129312), 8. Exhibit F-Form of Bond Purchase and Exchange Agreement (02129313), 9. Verbatim Transcript - CCMtg Mar 8 2022 - Agenda Item I-4 - Resolution authorizing the issuance of not to exceed 16 million dollars in principal amount of capital improvement

Title

A Resolution of the City Commission authorizing the issuance of not to exceed $16,000,000 in principal amount of capital improvement refunding revenue bond, taxable series 2022A (Miracle Mile Project) and not to exceed $4,000,000 in principal amount of capital improvement refunding revenue bonds, taxable series 2022B (Giralda Avenue Project) to refinance certain outstanding obligations; accepting the proposal of TD Bank, N.A.; authorizing the repayment of the Series 2022 bonds from pledged revenues; approving the form of and authorizing the execution and delivery of the loan agreements; approving the form of and authorizing the execution and delivery of an escrow deposit agreement; appointing an escrow agent; approving the form of and authorizing the execution and delivery of a bond purchase and exchange agreement and the issuance of tax-exempt bonds in exchange for the Series 2022A Bond and the Series 2002B Bond; delegating certain authority to the City Manager and Finance Director; authorizing the execution and delivery of other documents in connection therewith; and providing an effective date.

 

Body

[Replace with BRIEF HISTORY/SUMMARY]