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Commissioner Kauffman moved and Vice Mayor Morrow seconded a motion to approve <br /> the amended proposal on first reading. The motion was approved by a roll call vote of <br /> 5-0 in favor. Second reading, public hearing will be January 20, 2000, at 7:00 p.m. <br /> Vote: Commissioner Iglesias y <br /> Commissioner Kauffman y—es <br /> Commissioner Turetsky yes <br /> Vice Mayor Morrow yes <br /> Mayor Samson >—es <br /> 7C ADD-ON[City Clerk's note: see agenda item 4 above, adding this item to the agenda] <br /> AN ORDINANCE OF THE CITY OF SUNNY ISLES BEACH, FLORIDA, <br /> AUTHORIZING THE ISSUANCE OF A REVENUE BOND, GOVERNMENT <br /> CENTER SERIES,OF THE CITY OF SUNNY ISLES BEACH,FLORIDA IN A <br /> MAXIMUM AUTHORIZED PRINCIPAL AMOUNT OF$23,300,000 FOR THE <br /> PURPOSES OF FINANCING ALL OR A PORTION OF THE COSTS OF <br /> ACQUISITION,CONSTRUCTION AND EQUIPPING OF THE SUNNY ISLES <br /> BEACH GOVERNMENT CENTER AND AN ADJACENT PARKING <br /> GARAGE AND OF PAYING CERTAIN COSTS RELATED THERETO; <br /> DETERMINING THE NEED FOR A NEGOTIATED SALE OF SUCH BOND; <br /> PROVIDING FOR THE TERMS AND PAYMENT OF SUCH BOND AND FOR <br /> THE RIGHTS, REMEDIES AND SECURITY OF THE OWNERS THEREOF; <br /> AUTHORIZING THE ISSUANCE OF A BOND ANTICIPATION NOTE IN THE <br /> MAXIMUM PRINCIPAL AMOUNT OF 55,000,000 TO PROVIDE TEMPORARY <br /> FINANCING IN ANTICIPATION OF THE ISSUANCE OF THE BOND AND <br /> SETTING FORTH THE TERMS OF SUCH BOND ANTICIPATION NOTE; <br /> AUTHORIZING THE NEGOTIATED SALE OF SUCH BOND ANTICIPATION <br /> NOTE TO SUNTRUST BANK, MIAMI, NATIONAL ASSOCIATION; MAKING <br /> CERTAIN COVENANTS RELATING TO THE ISSUANCE OF SUCH BOND <br /> ANTICIPATION NOTE;DESIGNATING THE INITIAL ADVANCE UNDER SUCH <br /> BOND ANTICIPATION NOTE AS A"QUALIFIED TAX-EXEMPT OBLIGATION' <br /> WITHIN THE MEANING OF SECTION 265(b)(3)OF THE INTERNAL REVENUE <br /> CODE OF 1986, AS AMENDED; AUTHORIZING THE PROPER OFFICERS OF <br /> THE CITY TO DO ALL OTHER THINGS DEEMED NECESSARY OR <br /> ADVISABLE IN CONNECTION WITH THE ISSUANCE OF SUCH BOND AND <br /> BOND ANTICIPATION NOTE;AND PROVIDING FOR AN EFFECTIVE DATE. <br /> ACTION: [City Clerk's note: see handout that was distributed at the meeting for the <br /> add-on proposal] City Clerk Brown-Morilla read the title of the proposed ordinance and <br /> City Manager Neustadt read his report. <br /> Public Speakers: Gerry Goodman; Kathleen Kennedy <br /> Summary Minutes of the December 9, 1999, Regular City Commission Meeting - Page 5 of 14 <br />