H St of Fla Forms BF-2003/04
OFFICE OF THE CITY ATTORNEY
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MURRAY H, DUBBIN
City Attorney
Telephone:
Telecopy:
(305) 673-7470
(305) 673-7002
June 23, 1999
VIA FEDERAL EXPRESS
Division of Bond Finance
1801 Hermitage Boulevard Suite 200
Tallahassee, Florida 32308
Re: $3,941,059 City of Miami Beach, Florida, Non-Ad Valorem Revenue
Note, Series 1999
Ladies and Gentlemen:
In connection with the above-referenced bond issue (the "Note"), this notice is provided to
you in accordance with the requirements of Section 218.38(1)(a), Florida Statutes. Notice is hereby
given of the impending issuance of the Note in the principal amount set forth above. The Issuer
expects to deliver the Note on or about June 28, 1999.
Copies of consolidated Form BF-2003/ BF-2004-B relating to the issuance of the Note will
be forwarded to you as soon as it is available.
Very truly yours,
Lawrence A. Levy
First Assistant City Attorney
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1700 Convention Center Drive -- Fourth Floor -- Miami Beach, Florida 33139
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STATE OF FLORIDA
DIVISION OF BOND FINANCE
LOCAL BOND MONITORING SECTION
This form represents an update and compilation of the BF2003, BF2004-A and BF2004-B forms.
. Bond [nfonr!i1tion fonns (BF2003) are required to be completed by local governments pursuant to Chapter [9A-I.003, Florida Administrative Code (F.A.c.).
. Bond Disclosure fonns.BF~04-A (Competitive Sale) or BF2004-B (Negotiated Sale) are required to be filed with the Division within 120 days of the delivery of the
issue pursuant to Sections 2[8.38(I)(b)[ and 218.38(1)(c)l, Florida Statutes (F.S.), respectively.
. Final Official Statements, if prepared, are required to be submitted pursuant to Section 2[8.38(1), F.S.
· Please complete all items applicable to the issuer as provided by the F[orida Statutes.
· PURSUANT TO SECTION 218.369, F.S., ISSUERS OF BOND ANTICIPATION NOTES ARE EXEMPT FROM THESE FILING REQU[REMENTS.
BF2003
BOND INFORMATION FORM
PART I ISSUER INFORMATION
1.
NAME OF GOVERNMENTAL UNIT: City of Miami Beach. Florida
2.
MAILING ADDRESS OF GOVERNMENTAL UNIT OR ITS MANAGER:
1700 Convention Center Drive. 4th Floor. Miami Beach. FL 33139
3.
COUNTY(IES) IN WHICH GOVERNMENTAL UNIT HAS JURISDICTION:
Miam~-Dade County
4. TYPE OF ISSUER:
COUNTY
-1L CITY
AUTHORITY
INDEPENDENT SPECIAL DISTRICT
DEPENDENT SPECIAL DISTRICT
SPECIFY OTHER
PART II BOND ISSUE INFORMATION
1. NAME OF BOND ISSUE: Non-Ad Valorem Revenue Note. Series 1999
2. AMOUNT ISSUED: $3,941,059
3. AMOUNT AUTHORIZED: $4,000,000
4. DA TED DATE: June 28, 1999
5. SALE DATE: June 28, '1999
6. DELIVERY DATE: June 7,.8,1999
7. LEGAL AUTHORITY FOR ISSUANCE: FLORIDA STATUES Ch.166
SPECIAL ACTS
OTHER
8, TYPE OF ISSUE: _ GENERAL OBLIGA nON _ SPECIAL ASSESSMENT
....x... REVENUE _ COP (CERTIFICATE OF PARTICIPATION)
_ BANK LOAN/LINE OF CREDIT ~ EXCISE TAX
SPECIAL OBLIGA nON
LEASE-PURCHASE
9. A. IS THIS A PRIVATE ACTIVITY BOND (PAB)? -YES --X- NO
B. 1. IF YES, DID THIS ISSUE RECEIVE A PAB ALLOCATION? YES NO
2, IF YES, AMOUNT OF ALLOCATION: $
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10. SPECIFIC REVENUE(S) PLEDGED:
(1) PRIMARY Covenant to budget and appropriate.
(2) SECONDARY
- (3) OTHER(S)
11. A. PURPOSEts) OF THE ISSUE:
(1) PRIMARY Cost of under grounding an electric transmission line.
(2) SECONDARY
(3) OTHER(S)
B. IF PURPOSE IS REFUNDING, COMPLETE THE FOLLOWING:
(1) FOR EACH ISSUE REFUNDED LIST: NAME OF ISSUE, DATED DATE, ORIGINAL PAR VALUE (PRINCIPAL
AMOUNT) OF ISSUE, AND AMOUNT OF PAR VALUE (PRINCIPAL AMOUNT) REFUNDED.
(2) REFUNDED DEBT HAS BEEN: RETIRED OR
(3) A. DID THE REFUNDING ISSUE CONTAIN NEW MONEY? YES
B. IF YES, APPROXIMA TEL Y WHA T PERCENTAGE OF PROCEEDS IS NEW MONEY?
_ DEFEASED
NO
%
12. TYPE,OF SALE:
COMPETITIVE BID.. -- NEGOTIATED
-2L NEGOTIATED PRIVATE PLACEl'v1ENT
13. BASIS OF INTEREST RATE CALCULATION, I.E., INTEREST RATE USED TO STRUCTURE THE BOND ISSUE:
NET INTEREST COST RATE (NIC)
CANADIAN INTEREST COST RATE (CIC)
SPECIFY OTHER:
%
%
TRUE INTEREST COST RATE (TIC)
ARBITRAGE YIELD (ARBI)
%
4.7507%
14. INSURANCE/ENHANCEl'v1ENTS:
HUD MBIA NGM
-2L NOT INSURED
AGlC AMBAC CGlC CLIC
_ LOC (LEITER OF CREDIT) SPECIFY OTHER
FGlC
FSA
15. RA TING(S): _MOODY'S
-2L NOT RATED
S&P
_ FITCH
DUFF & PHELPS
SPECIFY OTHER
16. DEBT SERVICE SCHEDULE:
A TT ACH COMPLETE COPY OF SCHEDULE PROVIDING TH~ FOLLOWING
INFORMA TION: See Attachment A
MATURITY DATES (MOIDAYNR)
COUPONIINTEREST RATES
ANNUAL INTEREST PAYMENTS
PRINCIPAL (PAR VALUE) PAYMENTS
MANDATORY TERM AMORTIZATION
....
17. LIST OR A IT ACH OPTIONAL REDEMPTION PROVISIONS':
Subject to redemption at any time without premium or penalt;' upon 10 days' notice to the noteholder
2
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18. PROVIDE THE NAME AND ADDRESS OF THE SENIOR MANAGING UNDERWRITER OR SOLE PURCHASER.
Florida Power & Light Company
P.O. Box 14000
Juno Beach. FL 33408-0420
. Artn: Dilek L Samil
19. PROVIDE-THE-NAME(S) AND ADDRESS(ES) OF ANY ATTORNEY OR FINANCIAL CONSULTANT WHO
ADVISED THE UNIT OF LOCAL GOVERNMENT WITH RESPECT TO THE BOND ISSUE.
NO BOND COUNSEL
-L NO FINANCIAL ADVISOR
-1L NO OTHER PROFESSIONALS
BOND COUNSEL(S):
Squire. Sanders & Demosev L.L.P.
201 S. Biscavne Boulevard. Suite 2900
Miami. Florida 33131
FINANCIAL ADVISOR(S)/CONSUL T ANTS(S):
OTHER PROFESSIONALS:
20. PAYING AGENT: Finance Director. City of Miami Beach
21. REGISTRAR: City Clerk. City of Miami Beach
22. COMMENTS:
NO PAYING AGENT
NO REGISTRAR
PART IlL RESPONDENT INFORMATION
FOR ADDITIONAL INFORMATION, THE DIVISION SHOULD CONTACT:
Name and Title Patricia D. Walker. Finance Director
Company City of Miami Beach
INFORMATION RELATING TO PARTY COMPLETING THIS FORM (If different from above):
Name and Title
Company
Phone (305)673-7000
Phone
06.
Date Report Submitted: June 28, 1999
BF2004-A and BF2004-B
NOTE: THE FOLLOWING ITEMS ARE REQU[RED TO BE COMPLETED INWI.,L FOR ALL BOND ISSUES EXCEPT THOSE SOLD PURSUANT TO
SECTION 154 PART III; SECTIONS [59 PARTS 11,111 OR V; OR SECTiON 243 PART II, FLORIDA STATUTES.
23. ANY FEE, BONUS, OR GRATUITY PAID BY ANY UNDERWRITER OR FINANCIAL CONSULTANT, IN
CONNECTION WITH THE BOND ISSUE, TO ANY PERSON NOT REGULARLY EMPLOYED OR ENGAGED BY
SUCH UNDERWRITER OR CONSULTANT:
-LNO FEE, BONUS OR GRATUITY PAID BY UNDERWRITER OR FINANCIAL CONSULTANT
(I) COMPANY NAME
FEE PAID: $ SERVICE PROVIDED or FUNCTION SERVED:
3
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(2) COMPANY NAME
FEE PAID: $
SERVICE PROVIDED or FUNCTION SERVED:
. (3) COMPANY NAME
FEE I>MD: $
SERVICE PROVIDED or FUNCTION SERVED:
(4) COMPANY NAME
FEE PAID: $
SERVICE PROVIDED or FUNCTION SERVED:
24. ANY OTHER FEES PAID BY THE UNIT OF LOCAL GOVERNMENT WITH RESPECT TO THE BOND ISSUE,
INCLUDING ANY FEE PAID TO ATTORNEYS OR FINANCIAL CONSULTANTS:
NO FEES PAID BY ISSUER
(I) COMP ANY NAME Squire. Sanders & Demosev L.L.P.
FEE PAID: $7.500 SERVICE PROVIDED or FUNCTION SERVED: Bonll Counsel
(2) COMPANY NAME
FEE PAID:
SERVICE PROVIDED or FUNCTION SERVED: Counsel to Purchaser
(3) COMPANY NAME
FEE PAID: $
SERVICE PROVIDED or FUNCTION SERVED:
PLEASE PROVIDE THE SIGNATURE OF EITHER THE CHIEF EXECUTIVE OFFICER OF THE GOVERNING BODY OF THE
'UNIT OF LOCAL GOVERNMENT OR. T. HE, GOVE. RNME~T AL OFFICER PRIMA~L Y JSfS~ONS..IBLE FO.R. COORDINATING
THE ISS~~~CE OF TH~ ~~ND~ -.: ..,. - . - . . - - -' - flJ1/~ai k
NAME (Typed/Printed): PatrIcia D. Walker SIGNATURE:
TITLE: Finance Director. City ofMlaini Beach
DATE: June 28. 1999
BF2004-B
ITEMS 25 AND 26 MUST BE COMPLETED FOR ALL BONDS SOLD BY NEGOTIATED SALE
25. MANAGEMENT FEE CHARGED BY UNDERWRITER: $0.00
OR
PRIVATE PLACEMENT FEE: $0.00
PER THOUSAND PAR VALUE.
_ NO MANAGEMENT FEE OR PRIVATE PLACEMENT FEE
26. UNDERWRITER'S EXPECTED GROSS SPREAD:
$
PER THOUSArID PAR VALUE.
-1L NO GROSS SPREAD
PART IV, RETURN THIS FORM AND THE FINAL OFFICIAL STA TEMENT, IF ONE WAS PREPARED, TO:
Courier Deliveries: Division of Bond Finance
State Board of Administration
1801 Hermitage Blvd., Suite 200
Tallahassee, FL 32308
Phone: 904/488-4782
FAX: 904/413-1315
. ,Mailing Address: Division of Bond Finance
State Board of Administration
P.O. Drawer 13300
Tallahassee, FL 32317-3300
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F:\A TfO\.LEVLlBONDS\FP.e. LoloMIFP.e.LNOTE. W'D
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SCHEDULE A
SCHEDULE OF PRINCIPAL REPAYMENTS
PAYMENT DATE
December 1, 1999
June 1,2000
December 1, 2000
June 1,2001
December 1, 2001
June 1, 2002
December 1, 2002
:)
June 1, 2003
_ Dec.eIJ1b~r 1, 2.0Q3 -
June 1, 2004
-December 1, 2004
June 1, 2005
December 1,2005
June 1,2006
December 1, 2006
June 1, 2007
December 1, 2007
June 1, 2008
December 1, 2008
June 1,2009
Total
PRlNCIP AL AMOUNT
$168,926.15
159,406.11
163,192.01
167,067.82
171,035.68
175,097.78
179,256.35
183,513.69
187,872.14
192,334.10
196,902.04
201,578.46
206,365.95
211,267.14
216,284.74
221,421.50
226,680.26
232,063.91
237,575.43
243.217.74
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$3.941.059.00
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