Miami-Dade Legislative Item
File Number: 131879
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File Number: 131879 File Type: Resolution Status: Amended
Version: 0 Reference: Control: Finance Committee
File Name: PUBLIC WORKSHOP PRIOR TO GOB REFERENDUM ON BALLOT Introduced: 9/24/2013
Requester: NONE Cost: Final Action:
Agenda Date: Agenda Item Number: 11A
Notes: SEE 132027 Title: RESOLUTION ESTABLISHING COUNTY POLICY REQUIRING DISCLOSURE OF CERTAIN FINANCIAL INFORMATION TO ELECTORS IN ANY PRINTED MATERIALS AND AT PUBLIC WORKSHOPS PRIOR TO PLACEMENT OF ANY GENERAL OBLIGATION BOND REFERENDUM ON BALLOT
Indexes: GENERAL OBLIGATION BOND PROGRAM
Sponsors: Esteban L. Bovo, Jr., Prime Sponsor
  Audrey M. Edmonson, Co-Sponsor
Sunset Provision: No Effective Date: Expiration Date:
Registered Lobbyist: None Listed


Legislative History

Acting Body Date Agenda Item Action Sent To Due Date Returned Pass/Fail

Finance Committee 10/8/2013 2A Amended
REPORT: NOTE: See Agenda Item No. 2A AMENDED; Legislative File No. 132027.

County Attorney 9/24/2013 Referred Finance Committee 10/8/2013

County Attorney 9/24/2013 Assigned Gerald T. Heffernan

Legislative Text



TITLE
RESOLUTION ESTABLISHING COUNTY POLICY REQUIRING DISCLOSURE OF CERTAIN FINANCIAL INFORMATION TO ELECTORS IN ANY PRINTED MATERIALS AND AT PUBLIC WORKSHOPS PRIOR TO PLACEMENT OF ANY GENERAL OBLIGATION BOND REFERENDUM ON BALLOT

BODY
WHEREAS, from time to time, this Board finds it necessary and appropriate and in the best interest of the County and its citizens, to submit a bond referendum to the electors of Miami-Dade County to authorize the issuance of general obligation bonds ("Bonds") payable from ad valorem taxes collected within the County; and
WHEREAS, the County may issue such Bonds only after a majority of the County’s qualified electors have voted in favor of the Bonds and this Board subsequently approves such issuance in accordance with State and local law; and
WHEREAS, it is in the best interest of the electorate that prior to voting on the Bonds, the voters be informed of the financial impact the Bonds, if approved, will have on the amount of ad valorem taxes they will pay annually; and
WHEREAS, this Board wishes to establish a policy that will facilitate the distribution of information related to the financial impact of the proposed Bonds,
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF MIAMI-DADE COUNTY, FLORIDA, that:
Section 1. This Board ratifies and adopts the matters set forth in the foregoing recitals.
Section 2. It shall be the policy of this Board, that prior to placing a Bond referendum on a ballot, the County shall (1) inform the electors in any printed materials used to describe the bond referendum and at any public workshops of the total estimated principal and interest cost of the Bonds and the potential impact such cost would have on their annual ad valorem tax bill; and (2) conduct at least two public workshops at which such total cost and financial impact shall be discussed.



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