Authorize issuance of $267,000,000 in redevelopment agency bonds

City attorney's status report applicable area: citywide city attorney reports and informational items 1. Report from commission committees of withdrawn items not heard within (6) six months from referral date. Applicable area: citywide city clerk redevelopment agency items (rda) rda-1. A resolution of the chairperson and members of the board of the miami beach redevelopment agency authorizing issuance of not to exceed $267,000,000 in aggregate principal amount of miami beach redevelopment agency tax increment revenue refunding bonds, series 2025 (city center/historic convention village), for the purpose of refunding a portion of the outstanding series 2015a bonds, funding any necessary deposit to the debt service reserve account and paying costs of issuance and refunding, all pursuant to section 304(h) of resolution no. 619-2015 adopted by the agency on october 14, 2015; providing that said series 2025 bonds and interest thereon shall be payable solely from pledged funds; providing certain details of the series 2025 bonds; delegating other details and matters in connection with the issuance of the series 2025 bonds and the refunding of the series 2015a bonds to be refunded to the executive director, including whether to secure a credit facility and/or a reserve account insurance policy, within the limitations and restrictions stated herein; authorizing a book-entry registration system for the series 2025 bonds; authorizing the negotiated sale and award of the series 2025 bonds to the underwriters within the limitations and restrictions stated herein; approving the form of and authorizing the execution and delivery of a bond purchase agreement; approving the form of and distribution of a preliminary official statement and an official statement and authorizing the execution and delivery of the official statement; providing for the application of the proceeds of the series 2025 bonds and creating certain funds and subaccounts; authorizing the refunding, defeasance and