2008-26973 ResoRESOLUTION NO. 2008-26973
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF
THE CITY OF MIAMI BEACH, FLORIDA, URGING THE
FEDERAL GOVERNMENT TO OFFER LOW INTEREST LOANS
TO MUNICIPALITIES FOR INFRASTRUCTURE PROJECTS;
URGING THE UNITED STATES CONGRESS AND THE
FLORIDA LEGISLATURE TO ENSURE THAT LOCAL
GOVERNMENTS WITH `READY TO BUILD'
INFRASTRUCTURE PROJECTS RECEIVE FUNDING
ASSISTANCE FROM FEDERAL ECONOMIC STIMULUS
LEGISLATION THAT PROVIDES INFRASTRUCTURE
FUNDING; FURTHER DIRECTING THE ADMINISTRATION TO
PRESENT A LIST OF `READY TO BUILD' INFRASTRUCTURE
PROJECTS TO THE CITY'S CONGRESSIONAL AND STATE
REPRESENTATIVES.
WHEREAS, state and local government spending is a key component of Gross
Domestic Product; and
WHEREAS, due to the difficult economic times that currently exist and the lack of
access to, or the high cost associated with, the municipal bond market, much needed
infrastructure projects are being postponed by local governments; and
WHEREAS, the Federal government, through the Department of the Treasury, along
with the Federal Reserve, have provided assistance to certain economic sectors during 2008;
and
WHEREAS, the United States Congress has recently approved legislation providing
financial assistance to certain sectors of the U.S. economy; and
WHEREAS, the City has numerous `Ready to Build' capital improvement infrastructure
projects for which construction can begin within 90 and 180 days; and
WHEREAS, the United States Congress is debating economic stimulus legislation that
may include funding support for local government infrastructure projects; and
WHEREAS, in order to provide necessary public services for local communities, low
interest and long term financing by the Federal government would provide an affordable
opportunity for communities to improve their clean water infrastructure, sewage treatment
facilities, municipal roads and bridges, public transit, and waste management facilities; and
WHEREAS, the provision of low interest, long term loans by the Federal government
would provide an innovative financing tool to be used by local governments to renew and build
critical public infrastructure assets which will not only provide necessary services, but will
enhance the quality of life for citizens and offer economic stimulus through the creation of
employment opportunities for such projects.
NOW, THEREFORE, BE IT DULY RESOLVED BY THE MAYOR AND THE CITY
COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that the Federal government is
hereby urged to offer low interest, long term loans to municipalities for infrastructure
improvements and projects; that Congress and the Florida Legislature are urged to ensure that
local governments with `Ready to Build' infrastructure projects receive funding assistance from
federal economic stimulus legislation; and further directing the Administration to present a list of
`Ready to Build' infrastructure projects to the City's Congressional and State representatives.
PASSED AND ADOPTED this
ATTEST:
Robert Parcher
City Clerk
loth day of December, 2008.
Matti errera Bow r
Mayor
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F:\atto\TURN\RESOS\Federal Loans.doc
OFFICE OF THE CITY ATTORNEY
JOSE SMITH, CITY ATTORNEY
COMMISSION MEMORANDUM
TO: MAYOR MATTI HERRERA BOWER
MEMBERS OF THE CITY COMMISSION
CITY MANAGER JORGE M. GON
FROM: CITY ATTORNEY JOSE SMI
DATE: DECEMBER 10, 2008
SUBJECT: A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF
THE CITY OF MIAMI BEACH, FLORIDA, URGING THE FEDERAL
GOVERNMENT TO OFFER LOW INTEREST LOANS TO
MUNICIPALITIES FOR INFRASTRUCTURE PROJECTS.
Pursuant to the request of Commissioner Deede Weithorn, the attached Resolution is hereby
submitted for consideration by the Mayor and City Commission.
F:\atto\TURN\COMMMEMO\Federal Loans.doc
Agenda Item ~"/
Date ~~-/p_~ ~(
m MIAMIBEACH
OFFICE OF THE MAYOR AND COMMISSION
TO: JORGE GONZALEZ, CITY MANAGER
JOSE SMITH, CITY ATTORNEY
~~,~ ~
/`'-~~J L
MEIv10RANDUM
FROM: Commissioner Deede Weithorn ~~~~~
DATE: November 13, 2008
SUBJECT: Agenda Item: Resolution Urging the Federal Government to Offer Low Interest Loans
to Municipalities for Infrastructure Projects
Please draft a resolution for the December 10, 2008 Commission meeting urging the
Federal Government to offer low interest loans to municipalities to fund infrastructure
and capital improvement projects. These loans would stimulate the economy, add
much needed new jobs and allow municipalities to make necessary upgrades to aging
infrastructure systems.
If you have any questions please contact my Aide, Anne Swanson.
DW/aks
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