Amend Chapter 1 General Provisions of Miami Beach City Code

A resolution of the mayor and city commission of the city of miami beach, florida, authorizing the issuance of not to exceed $101,700,000 in aggregate principal amount of city of miami beach, florida general obligation bonds (arts and cultural facilities), in one or more series, to pay costs of a portion of arts and cultural facilities projects; providing that such general obligation bonds shall constitute general obligations of the city and that the full faith, credit and taxing power of the city shall be irrevocably pledged for the payment of the principal of and the interest on such general obligation bonds; making certain covenants and agreements in connection therewith; providing certain details of the bonds; delegating certain matters in connection with the issuance of the bonds to the city manager; authorizing the negotiated sale of the bonds to the underwriters; approving the form of and authorizing the execution and delivery of a bond purchase agreement; appointing a paying agent and a bond registrar; providing for a preliminary official statement and authorizing the execution and delivery of an official statement; covenanting to provide continuing disclosure in connection with the bonds in accordance with securities and exchange commission rule 15c2-12 and approving the form of and authorizing the execution and delivery of a disclosure dissemination agent agreement with respect thereto and appointing a disclosure dissemination agent thereunder; authorizing a book-entry registration system for the bonds; authorizing certain officials and employees of the city to take all necessary related actions; and providing an effective date. 9:10 a.m. First reading public hearing finance