Resolution 2025-33681RESOLUTION NO.2025-33681
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF
MIAMI BEACH,FLORIDA AUTHORIZING THE ISSUANCE BY THE MIAMI
BEACH REDEVELOPMENT AGENCY OF NOT TO EXCEED $267,000,000
AGGREGATE PRINCIPAL OF TAX INCREMENT REVENUE REFUNDING
BONDS,SERIES 2025 (CITY CENTER/HISTORIC CONVENTION VILLAGE),
IN ACCORDANCE WITH THE REQUIREMENTS OF CHAPTER 163,PART Ill,
FLORIDA STATUTES,AS AMENDED;AUTHORIZING OFFICERS AND
EMPLOYEES OF THE CITY TO TAKE ALL NECESSARY ACTIONS IN
CONNECTION THEREWITH;AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS,the Miami Beach Redevelopment Agency (the "Agency")has heretofore
issued its $286,245,000 Miami Beach Redevelopment Agency Tax Increment Revenue and
Revenue Refunding Bonds,Series 2015A (City Center/Historic Convention Village),currently
outstanding in the principal amount of $256,485,000 (the "Outstanding 2015A Bonds"),to
finance and refinance certain redevelopment projects in an area of the City of Miami Beach,
Florida (the "City")known as the "City Center/Historic Convention Village Redevelopment and
Revitalization Area,"all in accordance with a redevelopment plan adopted by the Agency under
Chapter 163,Part Ill,Florida Statutes,as amended (the "Act"),and approved by the City
pursuant to Resolution No.93-20721 adopted by the Mayor and City Commission of the City
(collectively,the "City Commission")on February 12,1993,as amended;and
WHEREAS,the Agency now intends to issue its Tax Increment Revenue Refunding
Bonds,Series 2025 (City Center/Historic Convention Village),in the principal amount not to
exceed $267,000,000 (the "Series 2025 Bonds"),for the primary purpose of providing funds,
together with any other available moneys,to refund a portion of the Outstanding 2015A Bonds
pursuant to Resolution No.619-2015 adopted by the Chairperson and Members of the Board of
the Agency (the "Agency Commission")on October 14,2015 (the "Original Resolution"),and a
Resolution adopted by the Agency Commission on the date hereof (the "Series 2025 Series
Resolution"),a copy of which Series 2025 Series Resolution is attached hereto as Exhibit A and
made a part hereof;and
WHEREAS,in accordance with the requirements of the Act,the City desires to authorize
and approve the issuance of the Series 2025 Bonds by the Agency;
NOW,THEREFORE,BE IT DULY RESOLVED BY THE MAYOR AND CITY
COMMISSION OF THE CITY OF MIAMI BEACH,FLORIDA:
SECTION 1.The above recitals are incorporated herein as findings.
SECTION 2.This Resolution is adopted pursuant to the Act and other applicable
provisions of law.
SECTION 3.In accordance with the requirements of Sections 163.358(3)and 163.385(1)
and (3)of the Act,the issuance by the Agency of the Series 2025 Bonds,in the principal
amount not to exceed $267,000,000,under the provisions of the Original Resolution and the
Series 2025 Series Resolution is hereby authorized and approved by the City Commission.
SECTION 4.The officers and employees of the City are hereby authorized and directed
to take all other necessary actions and execute all necessary documents to carry out the
provisions of this Resolution and provide for the issuance of the Series 2025 Bonds by the
Agency.
SECTION 5.This Resolution shall take effect immediately upon its adoption.
PASSED and ADOPTED this 21day of May,2025.
ATTEST:
•
~MAY 2 7 2025 Enen#erMa5or
ado,City Clerk
APPROVED AS TO
FORM &LANGUAGE
&FO R EX EC U TIO N
1 7 /2o »s
Date
2
EXHIBIT A
SERIES 2025 SERIES RESOLUTION
Resolutions -R7 D
MIAMI BEACH
COMMISSION MEMORANDUM
TO:Honorable Mayor and Members of the City Commission
FROM:Eric Carpenter,City Manager
DATE:
TITLE:
May 21,2025 10:00 a.m.Public Hearing
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF
MIAMI BEACH,FLORIDA AUTHORIZING THE ISSUANCE BY THE MIAMI BEACH
REDEVELOPMENT AGENCY OF NOT TO EXCEED $267,000,000 AGGREGATE
PRINCIPAL OF TAX INCREMENT REVENUE REFUNDING BONDS,SERIES 2025
(CITY CENTER/HISTORIC CONVENTION VILLAGE),IN ACCORDANCE WITH
THE REQUIREMENTS OF CHAPTER 163,PART Ill,FLORIDA STATUTES,AS
AMENDED;AUTHORIZING OFFICERS AND EMPLOYEES OF THE CITY TO TAKE
ALL NECESSARY ACTIONS IN CONNECTION THEREWITH;AND PROVIDING
FOR AN EFFECTIVE DATE.
RECOMMENDATION
BACKGROUND/HISTORY
Approve the resolution to allow for the issuance by the Miami Beach Redevelopment Agency
("RDA")of its Revenue Refunding Bonds,Series 2025 City Center/Historic Convention Village
("Series 2025 Refunding Bonds")in the amount of $267,000,000.
The Chief Financial Officer,in conjunction with the City's Financial Advisor,PFM Financial
Advisors LLC (the "Financial Advisor"),has identified a refinancing opportunity to achieve debt
service savings.A debt refunding opportunity is a chance to replace existing debt obligations with
new ones that offer cost savings and improved financial conditions for the RDA.
At the February 21,2024 City Commission meeting,the Mayor and Commission approved a
referral to the Finance and Economic Resiliency Committee ("FERC")to review and discuss a
possible refunding opportunity for RDA bonds.The City's Chief Financial Officer and Financial
Advisor presented the opportunity,which was discussed by the FERG on April 19,2024,and the
FERC recommended that Administration move forward with the refinancing.At the September
11,2024 meeting,the City Commission as well as the RDA approved the selection of the
underwriters for the Series 2025 Refunding Bonds.
As the Miami-Dade County ("County")Board of County Commissioners would have to approve
the refunding of the RDA Bonds,City/RDA staff met with County staff to discuss the opportunity.
During these discussions,it was determined that a Sixth Amendment to the RDA lnterlocal
Agreement (the "Sixth Amendment"),would need to be approved to allow for the refunding to
move forward.
In connection with the proposed issuance of the Series 2025 Refunding Bonds by the RDA to
refund a portion of the RDA's Tax Increment Revenue and Revenue Refunding Bonds,Series
2015A (City Center/Historic Convention Village),which refunding will generate debt service
savings,and as otherwise requested by the County,it was necessary to further amend the
lnterlocal Agreement through a Sixth Amendment to the lnterlocal Agreement which needed to
be executed among the County,the City,and the RDA.The Sixth Amendment does,among other
amendments to the lnterlocal Agreement,amend the lnterlocal Agreement,as previously
amended,to provide for the issuance of the Refunding Bonds and to amend certain of the
1846 of 2719
provisions with respect to the Distribution of Series 2025 Trust Fund Revenues in order to delete
the requirements thereunder that commencing in Fiscal Year 2024,excess revenues must be
used to extinguish early,or if not subject to prepayment or redemption at that time,establish an
escrow for,any "Agency Indebtedness"(which includes bonds issued by the RDA)and,in lieu of
those provisions,provide for the uses as set forth in Sections H,I and J of Paragraph XII of the
lnterlocal Agreement as described in the Sixth Amendment.These changes were necessary to
provide for the issuance of the Series 2025 Refunding Bonds.
At the October 30,2024 City Commission meeting,the Mayor and Commission approved the
Sixth Amendment to the RDA lnterlocal Agreement.At the November 6,2024 County
Commission meeting,the County Commission approved the Sixth Amendment to the RDA
lnterlocal Agreement.The Sixth Amendment to the RDA lnterlocal Agreement was executed on
December 18,2024.
ANALYSIS
In 2015,the RDA issued Series 20154 Miami Beach Redevelopment Agency Tax Increment
Revenue Bonds ("Series 2015A Bonds")in the amount of $286,245,000 primarily for renovation
and expansion of the Miami Beach Convention Center and to refund certain prior bonds issued
by the RDA.The Series 2015A4 Bonds became callable on February 1,2024,have a final maturity
on February 1,2044,and were issued with interest rates of 4.00%to 5.00%payable semiannually.
Currently,the amount of outstanding Series 2015A Bonds is $256,485,000.
The RDA may be able to achieve savings through a tax-exempt refunding.The net present value
savings is estimated at $10.3 million,which would be 4.0%of refunded bonds.The total savings
over 19 years would be approximately $15.3 million.The final maturity of the refunding will not
be later than February 1,2044,which is the final maturity of the outstanding Series 2015A Bonds.
The foregoing information is summarized in the table below:
Series Refunded:
Par Amount of Bonds Refunded:
Net Present Value Savings ($):
Net Present Value Savings (%):
Annual Gross Savings:
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
Total
RDA Bonds,
Series 2015A
$256,480,000
$10,318,821
4.02%
$461,183
827,250
825.000
827,000
823,000
823,250
827,500
825,500
822,500
823,500
823,250
826,750
823,750
824,500
823,750
826,500
827,500
826,750
824,250
$15,312,683
"Estimates based on current market conditions.
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Because of the character of the Series 2025 Refunding Bonds,the complexity of structuring an
issue of bonds secured by Trust Fund Revenues,prevailing market conditions,the desire to
premarket and educate potential investors,the recommendation of PFM Financial Advisors LLC,
the financial advisor to the RDA,was that a negotiated sale of the Series 2025 Refunding Bonds
is in the best interest of the RDA
The RDA Resolution for the issuance of the Series 2025 Refunding Bonds will delegate to the
RDA Executive Director,relying upon the recommendation of the Chief Financial Officer and the
RDA's Financial Advisor,certain matters,including the determination of various terms of the
Series 2025 Refunding Bonds,and their sale and the refunding of the Series 2015A Bonds,and
all other actions necessary or desirable in connection with the issuance of the Series 2025
Refunding Bonds.
US.Bank Trust Company,National Association,is being appointed as Paying Agent and
Registrar for the Series 2025 Refunding Bonds.
The officers,agents and employees of the City,the Bond Registrar and DAC are hereby
authorized and directed to do all acts and things and execute and deliver all documents,
agreements and certificates required of them by the provisions of the Series 2025 Refunding
Bonds,the Bond Resolution,the Series 2025 Refunding Bond Purchase Agreement,the Series
2025 Continuing Disclosure Agreement and this Series Resolution,for the full,punctual and
complete performance of all the terms,covenants,provisions and agreements of the Series 2025
Refunding Bonds,the Bond Resolution,the Series 2025 Refunding Bond Purchase Agreement,
the Series 2025 Continuing Disclosure Agreement and this Series Resolution.
The firms selected by the RDA for the Series 2025 Refunding Bonds are as follows:
•Senior Manager:BofA Securities.Inc.
•Co-Managers:Estrada Hinojosa &Company,Inc.;Jefferies LLC;PNC Capital Markets
LLC;Raymond James &Associates,Inc.
The underwriters for the Series 2025 Refunding Bonds were also approved at the City
Commission meeting on September 11,2024.
FISCAL IMPACT STATEMENT
The RDA may be able to achieve savings through a tax-exempt refunding.The net present value
savings is estimated at $10.3 million,which would be 4.0%of the refunded bonds.The total
savings over 19 years would be approximately $15.3 million.
Does this Ordinance require a Business Impact Estimate?
(FOR ORDINANCES ONLY)
If applicable,the Business Impact Estimate (BIE)was published on:
See BIE at:https://www.miamibeachfl.gov/city-hall/city-clerk/meeting-notices/
FINANCIAL INFORMATION
CONCLUSION
1848 of 2719
The Administration recommends that the Mayor and City Commission of the City of Miami Beach
approve the resolution to allow for the refunding of $267,000,000 of tax increment revenue
refunding bonds of the Miami Beach Redevelopment Agency.
Applicable Area
Citywide
Is this a "Residents Right to Know"item,
pursuant to City Code Section 2-172
No
Is this item related to a G.O.Bond
Project?
No
Was this Agenda Item initially requested by a lobbyist which,as defined in Code Sec.2-481,
includes a principal engaged in lobbying?No
If so,specify the name of lobbyist(s)and principal(s):
Department
Finance
Sponsor(s)
Co-sponsor(s)
Condensed Title
Joint,10:00 a.m.PH,Issue MBRDA Tax Increment Revenue Refunding Bonds,Series 2025.
FN
Previous Action (For City Clerk Use Only)
1849 of 2719
EXHIBIT A
SERIES 2025 SERIES RESOLUTION
1852 of 2719
RESOLUTION NO.
A RESOLUTION OF THE CHAIRPERSON AND MEMBERS OF THE BOARD OF
THE MIAMI BEACH REDEVELOPMENT AGENCY AUTHORIZING ISSUANCE
OF NOT TO EXCEED $267,000,000 IN AGGREGATE PRINCIPAL AMOUNT OF
MIAMI BEACH REDEVELOPMENT AGENCY TAX INCREMENT REVENUE
REFUNDING BONDS,SERIES 2025 (CITY CENTER/HISTORIC CONVENTION
VILLAGE),FOR THE PURPOSE OF REFUNDING A PORTION OF THE
OUTSTANDING SERIES 2015A BONDS,FUNDING ANY NECESSARY
DEPOSIT TO THE DEBT SERVICE RESERVE ACCOUNT AND PAYING COSTS
OF ISSUANCE AND REFUNDING,ALL PURSUANT TO SECTION 304(H)OF
RESOLUTION NO.619-2015 ADOPTED BY THE AGENCY ON OCTOBER 14,
2015;PROVIDING THAT SAID SERIES 2025 BONDS AND INTEREST
THEREON SHALL BE PAYABLE SOLELY FROM PLEDGED FUNDS;
PROVIDING CERTAIN DETAILS OF THE SERIES 2025 BONDS;DELEGATING
OTHER DETAILS AND MATTERS IN CONNECTION WITH THE ISSUANCE OF
THE SERIES 2025 BONDS AND THE REFUNDING OF THE SERIES 2015A
BONDS TO BE REFUNDED TO THE EXECUTIVE DIRECTOR,INCLUDING
WHETHER TO SECURE A CREDIT FACILITY AND/OR A RESERVE ACCOUNT
INSURANCE POLICY,WITHIN THE LIMITATIONS AND RESTRICTIONS
STATED HEREIN;AUTHORIZING A BOOK-ENTRY REGISTRATION SYSTEM
FOR THE SERIES 2025 BONDS;AUTHORIZING THE NEGOTIATED SALE
AND AWARD OF THE SERIES 2025 BONDS TO THE UNDERWRITERS
WITHIN THE LIMITATIONS AND RESTRICTIONS STATED HEREIN;
APPROVING THE FORM OF AND AUTHORIZING THE EXECUTION AND
DELIVERY OF A BOND PURCHASE AGREEMENT;APPROVING THE FORM
OF AND DISTRIBUTION OF A PRELIMINARY OFFICIAL STATEMENT AND AN
OFFICIAL STATEMENT AND AUTHORIZlNG THE EXECUTION AND
DELIVERY OF THE OFFICIAL STATEMENT;PROVIDING FOR THE
APPLICATION OF THE PROCEEDS OF THE SERIES 2025 BONDS AND
CREATING CERTAIN FUNDS AND SUBACCOUNTS;AUTHORIZING THE
REFUNDING,DEFEASANCE AND REDEMPTION OF THE SERIES 2015A
BONDS TO BE REFUNDED;APPROVING THE FORM OF AND AUTHORIZING
THE EXECUTION AND DELIVERY OF AN ESCROW DEPOSIT AGREEMENT
AND APPOINTING AN ESCROW AGENT;COVENANTING TO PROVIDE
CONTINUING DISCLOSURE IN CONNECTION WITH THE SERIES 2025
BONDS IN ACCORDANCE WITH SECURITIES AND EXCHANGE
COMMISSION RULE 15c2-12 AND AUTHORIZING THE EXECUTION AND
DELIVERY OF A CONTINUING DISCLOSURE AGREEMENT WITH RESPECT
THERETO AND APPOINTING A DISCLOSURE DISSEMINATION AGENT;
APPOINTING A PAYING AGENT AND REGISTRAR FOR THE SERIES 2025
BONDS;AUTHORIZING OFFICERS AND EMPLOYEES OF THE AGENCY TO
TAKE ALL NECESSARY ACTIONS IN CONNECTION WITH THE ISSUANCE
OF THE SERIES 2025 BONDS AND THE REFUNDING OF THE SERIES 2015A
BONDS TO BE REFUNDED AND OTHER RELATED MATTERS;AND
PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS,the Miami Beach Redevelopment Agency (the "Agency)has heretofore
issued its $286,245,000 aggregate principal amount of Miami Beach Redevelopment Agency Tax
Increment Revenue and Revenue Refunding Bonds,Series 2015A4 (City Center/Historic
Convention Village),$256,485,000 of which are currently Outstanding (as defined in the Original
Resolution described below)(the "Outstanding Series 20154 Bonds"),pursuant to Resolution
No.619-2015,adopted by the Chairperson and Members of the Board of the Agency (the
1853 of 2719
Commission")on October 14,2015 (the "Original Resolution"and as amended and
supplemented from time to time,the "Bond Resolution),and Resolution No.2015 29174,
adopted by the Mayor and City Commission of the City of Miami Beach,Florida (the "City")on
October 14,2015,for the purposes set forth in the Original Resolution;and
WHEREAS,the Agency has determined that as a result of the current low interest rate
environment it is financially beneficial to authorize the refunding of a portion of the Outstanding
Series 20154 Bonds,as shall be determined by the Executive Director (as defined in the Original
Resolution)in accordance with the provisions of this resolution (the "Series 2025 Series
Resolution")(the Outstanding Series 20154 Bonds so determined to be refunded are referred to
herein as the "Series 20154 Bonds to be Refunded");and
WHEREAS,Section 304(H)of the Original Resolution provides for the issuance of
Additional Bonds,which Additional Bonds may be issued as refunding Bonds for the purpose of
refunding Bonds Outstanding under the Bond Resolution,upon meeting the conditions contained
in said Section 304(H)(as all such terms are defined in the Original Resolution);and
WHEREAS,the Agency has determined that it is desirable to issue refunding Bonds (the
"Series 2025 Bonds")pursuant to the provisions of Section 304(H)of the Original Resolution and
this Series 2025 Series Resolution for the purpose of providing funds,together with any other
available funds,to refund the Series 2015A Bonds to be Refunded,fund any necessary deposit
to the Debt Service Reserve Account (as defined in the Original Resolution)and pay the costs of
such issuance and refunding;and
WHEREAS,the Commission has determined that it is in the best interest of the Agency
to delegate to the Executive Director the determination of various terms of the Series 2025 Bonds
and their sale,the determination of the Outstanding Series 2015A Bonds which will constitute the
Series 20154 Bonds to be Refunded,the determination of which Series 2015A4 Bonds to be
Refunded will be redeemed prior to maturity,whether to secure a Credit Facility and/or Reserve
Account Insurance Policy with respect to the Series 2025 Bonds,and other actions in connection
with the issuance of the Series 2025 Bonds and the refunding of the Series 2015A Bonds to be
Refunded,all as provided and subject to the limitations contained herein;and
WHEREAS,the Agency has determined that due to the character of the Series 2025
Bonds,the complexity of structuring an issue of bonds secured by Trust Fund Revenues (as
defined in the Original Resolution),prevailing market conditions,the uncertainty inherent in a
competitive bidding process and the recommendations of PFM Financial Advisors LLC,the
financial advisor to the Agency (the "Financial Advisor"),it is in the best interest of the Agency to
authorize the negotiated sale of the Series 2025 Bonds;and
WHEREAS,the Commission has found and determined that the issuance of the
Series 2025 Bonds and the refunding of the Series 2015A Bonds to be Refunded will serve a
valid public purpose;
NOW,THEREFORE,BE IT DULY RESOLVED BY THE CHAIRPERSON AND
MEMBERS OF THE BOARD OF THE MIAMI BEACH REDEVELOPMENT AGENCY:
SECTION 1.The above recitals are incorporated herein as findings.This Series 2025
Series Resolution supplements the Original Resolution.All terms used in capitalized form herein
and not defined shall have the meanings set forth in the Bond Resolution.
SECTION 2.Additional Bonds of the Agency are authorized to be issued pursuant to
Section 304(H)of the Original Resolution and the authority granted to the Agency by the Act.The
2
1854 of 2719
Series 2025 Bonds shall be issued in an aggregate principal amount not to exceed $267,000,000,
shall be designated "Miami Beach Redevelopment Agency Tax Increment Revenue Refunding
Bonds,Series 2025 (City Center Historic Convention Village)",and shall be issued for the purpose
of providing funds,together with any other available funds,to refund the Series 2015A4 Bonds to
e Refunded,fund any necessary deposit to the Debt Service Reserve Account and pay the costs
of such issuance and refunding.
The Series 2025 Bonds shall be issued in fully registered form,shall be in the
denominations of $5,000 or any integral multiple thereof.shall be issued in such aggregate
principal amount,shall be dated and issued at such time,shall be in the form of Serial Bonds
and/or Term Bonds,shall have such Interest Payment Dates,shall bear interest at such rates,
but not to exceed the maximum rate permitted by law,shall be stated to mature,but not later than
February 1,2044,as to any Term Bonds,shall have Amortization Requirements payable in such
amounts and on such dates,and shall be subject to redemption prior to maturity,all as shall be
determined by the Executive Director,after consultation with the Chief Financial Officer and the
Financial Advisor,and specified in a certificate of the Chairperson dated on or prior to the date of
initial issuance of the Series 2025 Bonds (the "Series 2025 Chairperson's Certificate").Term
Bonds,if any,will be callable at par with accrued interest,without premium,each year in amounts
equal to the respective Amortization Requirements therefor
If the Executive Director determines,in reliance upon the recommendations of the Chief
Financial Officer and the Financial Advisor,that there is an economic benefit to the Agency to
secure and pay for a Credit Facility and/or a Reserve Account Insurance Policy with respect to all
or a portion of the Series 2025 Bonds,the Executive Director is authorized to secure a Credit
Facility and/or a Reserve Account Insurance Policy with respect to all or a portion of the Series
2025 Bonds.The Executive Director is authorized to provide for the payment of any premiums
for such Credit Facility and/or Reserve Account Insurance Policy from the proceeds of the Series
2025 Bonds.The Chairperson is authorized,after consultation with the General Counsel,to enter
into,execute and deliver such agreements as may be necessary to secure such Credit Facility
and/or Reserve Account Insurance Policy,the execution and delivery by the Chairperson of any
such agreements for and on behalf of the Agency to be conclusive evidence of the Agency's
approval of securing such Credit Facility and/or Reserve Account Insurance Policy and of such
agreements.Any agreements with any providers of Credit Facility and/or Reserve Account
Insurance Policy shall supplement and be in addition to the provisions of the Bond Resolution.
The Series 2025 Bonds shall be payable,with respect to interest,principal and redemption
premium,if any,in any coin or currency of the United States of America that is legal tender at the
time of such payment.The principal of and redemption premium,if any,on the Series 2025 Bonds
shall be payable upon presentation and surrender at the designated office of the Paying Agent.
The Series 2025 Bonds shall bear interest from their date as set forth therein,with interest on the
Series 2025 Bonds being paid by check or draft drawn upon the Paying Agent and mailed to the
registered owners of the Series 2025 Bonds on each Interest Payment Date at the addresses of
such registered owners as they appear on the registration books maintained by the Registrar at
the close of business on the 15th day (whether or not a business day)of the calendar month next
preceding the Interest Payment Date (the "Regular Record Date"),irrespective of any transfer or
exchange of such Series 2025 Bonds subsequent to such Regular Record Date and prior to such
Interest Payment Date,unless the Agency shall be in default in payment of interest due on such
Interest Payment Date;provided,however.that (i)if ownership of Series 2025 Bonds is
maintained in a book-entry only system by a securities depository,such payment may be made
by automatic funds transfer to the securities depository or its nominee or (ii)if such Series 2025
Bonds are not maintained in a book-entry only system by a securities depository,upon written
request of the holder of $1,000,000 or more in principal amount of Series 2025 Bonds,such
payments may be made by wire transfer to the bank and bank account specified in writing by such
3
1855 of 2719
holder (such bank being a bank within the continental United States),if such holder has advanced
to the Paying Agent the amount necessary to pay the cost of such wire transfer or authorized the
Paying Agent to deduct the cost of such wire transfer from the payment due such holder.In the
event of any default in the payment of interest,such defaulted interest shall be payable to the
persons in whose names such Series 2025 Bonds are registered at the close of business on a
special record date for the payment of such defaulted interest as established in accordance with
the Original Resolution.Interest on the Series 2025 Bonds shall be calculated on the basis of a
360 day year consisting of twelve 30-day months.
S E C T IO N 3.In accordance with the provisions of the Bond Resolution,the Series 2025
Bonds shall be limited obligations of the Agency payable solely from the Pledged Funds which
are pledged to the payment thereof in the manner,to the extent and with the priority of application
provided in the Bond Resolution,and nothing shall be construed as obligating the Agency or the
City to pay the principal,interest and premium,if any,thereon except from the Pledged Funds or
as pledging the full faith and credit of the Agency or the City or as obligating the Agency or the
City,directly or indirectly or contingently,to levy or pledge any form of taxation whatever therefor.
S E C T IO N 4.It is hereby found and determined that due to the character of the
Series 2025 Bonds,the complexity of structuring an issue of bonds secured by Trust Fund
Revenues,prevailing market conditions,the uncertainty inherent in a competitive bidding process
and the recommendations of the Financial Advisor,the negotiated sale of the Series 2025 Bonds
is in the best interest of the Agency.The negotiated sale of the Series 2025 Bonds to BofA
Securities,Inc.(the "Senior Managing Underwriter)on behalf of itself and TRB Capital Markets,
LLC d/b/a Estrada Hinojosa,Jefferies LLC,PNC Capital Markets,LLC and Raymond James &
Associates,Inc.(collectively with the Senior Managing Underwriter,the "Underwriters")is hereby
authorized at a purchase price (not including original issue premium or original issue discount)of
not less than 98%of the aggregate principal amount of the Series 2025 Bonds (the "Minimum
Purchase Price")and at a true interest cost rate ("TIC")which will result in total present value debt
service savings on the Series 2015A Bonds to be Refunded of not less than 3.00%(the "Minimum
PVS').The Executive Director,after consultation with the Chief Financial Officer and the
Financial Advisor,is hereby authorized to award the Series 2025 Bonds to the Underwriters at a
purchase price of not less than the Minimum Purchase Price and at a TIC which results in total
present value debt service savings on the Series 2015A Bonds to be Refunded of not less than
the Minimum PVS.The execution and delivery of the Series 2025 Bond Purchase Agreement
(as hereinafter defined)for and on behalf of the Agency by the Chairperson shall be conclusive
evidence of the Agency's acceptance of the Underwriters'proposal to purchase the Series 2025
Bonds.
SECTION 5.Upon compliance with the requirements of Section 218.385,Florida
Statutes,as amended,by the Underwriters,the Chairperson is hereby authorized to execute and
deliver a Bond Purchase Agreement for the Series 2025 Bonds (the "Series 2025 Bond Purchase
Agreement")for and on behalf of the Agency,in substantially the form presented at the meeting
at which this Series 2025 Series Resolution was considered,subject to such changes.
modifications,insertions and omissions and such filling-in of blanks therein as may be determined
and approved by the Executive Director,after consultation with the Chief Financial Officer and
Financial Advisor.The execution of the Series 2025 Bond Purchase Agreement for and on behalf
of the Agency by the Chairperson shall be conclusive evidence of the Agency's approval of the
Series 2025 Bond Purchase Agreement.
SECTION 6.The Series 2025 Bonds shall be executed in the form,including such
changes as may be necessary to reflect the terms of the Series 2025 Bonds,and in the manner
provided in the Bond Resolution.The Registrar is hereby authorized and directed to authenticate
the Series 2025 Bonds and the Executive Director is hereby authorized to cause the Series 2025
4
1856 of 2719
Bonds to be delivered to or upon the order of the Underwriters upon payment of the purchase
price.as shall be set forth in the Series 2025 Bond Purchase Agreement,and satisfaction of the
conditions contained in Section 304(H)of the Original Resolution.
SECTION 7.The proposed Preliminary Official Statement (the "Series 2025 Preliminary
Official Statement")and Official Statement (the "Series 2025 Official Statement)in connection
with the issuance of the Series 2025 Bonds are hereby approved in substantially the form of the
Series 2025 Preliminary Official Statement presented at the meeting at which this Series 2025
Series Resolution was considered,subject to such changes,modifications,insertions and
omissions and such filling-in of blanks therein as may be determined and approved by the
Executive Director,after consultation with the Chief Financial Officer and the General Counsel.
The execution of the Series 2025 Official Statement,for and on behalf of the Agency by the Chair
shall be conclusive evidence of the Agency's approval of the Series 2025 Preliminary Official
Statement and the Series 2025 Official Statement.The distribution of said Series 2025
Preliminary Official Statement and Series 2025 Official Statement in connection with the
marketing of the Series 2025 Bonds and the execution and delivery of the Series 2025 Official
Statement by the Chairperson and the Executive Director are hereby authorized.The
Chairperson or his designee,after consultation with the Chief Financial Officer and the General
Counsel,is hereby authorized to make any necessary certifications to the Underwriters regarding
a near final or deemed final Series 2025 Preliminary Official Statement or Series 2025 Official
Statement,if and to the extent required by Rule 15c2-12 of the United States Securities and
Exchange Commission (the "Rule").
SECTION 8.The proceeds of the Series 2025 Bonds and,to the extent determined by
the Executive Director,amounts on deposit in the Sinking Fund Account allocable to the Series
2015A Bonds to be Refunded and other available moneys of the Agency,if any,shall be applied
in accordance with Sections 303(b)and 304(H)of the Original Resolution as set forth in the Series
2025 Escrow Deposit Agreement (as hereinafter defined),to the extent applicable,and a
certificate of the Executive Director delivered concurrently with the issuance of the Series 2025
Bonds.
With respect to the Series 2025 Bonds,there is hereby created a separate account
designated as the "Series 2025 Cost of Issuance Account"for the deposit of proceeds of the
Series 2025 Bonds and any other available moneys of the Agency to be applied to the payment
of the costs of issuance and refunding.
In accordance with the provisions of the Bond Resolution,to the extent applicable,there
is created pursuant to the Series 2025 Escrow Deposit Agreement a separate Escrow Deposit
Trust Fund (as defined in the Series 2025 Escrow Deposit Agreement)to be held by the Escrow
Agent (as hereinafter defined),for the deposit of proceeds of the Series 2025 Bonds and any
other available moneys of the Agency to be applied as provided in the Series 2025 Escrow
Deposit Agreement.
SECTION 9.The Series 2025 Bonds are hereby authorized to be issued initially in book-
entry form and registered in the name of The Depository Trust Company,New York.New York
(DTC),or its nominee which will act as securities depository for the Series 2025 Bonds.The
Chairperson or the Executive Director is hereby authorized and directed to execute any necessary
letters of representations with OTC and,notwithstanding the provisions of the Bond Resolution,
to do all other things,comply with all requirements and execute all other such documents as are
incidental to such book-entry system.In the event a book-entry system for the Series 2025 Bonds
ceases to be in effect,the Series 2025 Bonds shall be issued in fully registered form without
coupons.
5
1857 of 2719
SECTION 10.The refunding,defeasance and redemption of the Series 2015A Bonds to
be Refunded is hereby authorized and approved.The Executive Director,after consultation with
the Chief Financial Officer and the Financial Advisor,is hereby authorized to determine the
Outstanding Series 2015A Bonds which will constitute the Series 2015A Bonds to be Refunded
and the Series 2015A Bonds to be Refunded which will be redeemed prior to maturity,all as shall
be set forth in the Series 2025 Escrow Deposit Agreement.The Chairperson is hereby authorized
to execute and deliver an Escrow Deposit Agreement to provide for the defeasance,payment and
redemption of the Series 20154 Bonds to be Refunded (the "Series 2025 Escrow Deposit
Agreement"),with U S.Bank Trust Company,National Association,which is hereby appointed as
escrow agent with respect to the Series 20154 Bonds to be Refunded (the 'Escrow Agent"),in
substantially the form presented at the meeting at which this Series 2025 Series Resolution was
considered,subject to such changes,modifications,insertions and omissions and such filling-in
of blanks therein as may be determined and approved by the Executive Director,after consultation
with the Chief Financial Officer and the General Counsel.The purchase of Defeasance
Obligations from the proceeds of the Series 2025 Bonds and any other available moneys in order
to provide for the defeasance,payment and redemption of the Series 2015A Bonds to be
Refunded is hereby authorized and approved.The execution and delivery of the Series 2025
Escrow Deposit Agreement by the Chairperson shall be conclusive evidence of the Agency's
approval of the Outstanding Series 2015A Bonds which will constitute the Series 2015A4 Bonds to
be Refunded,the redemption prior to maturity of any Series 2015A Bonds to be Refunded,the
Series 2025 Escrow Deposit Agreement and the purchase of the Defeasance Obligations.
Notwithstanding anything in this Resolution to the contrary,to the extent determined by
the Executive Director to be in the best interest of the Agency,after consultation with the Chief
Financial Officer and the Financial Advisor,the Agency may elect to refund and redeem the Series
2015A Bonds to be Refunded on the date of issuance and delivery of the Series 2025 Bonds in
lieu of depositing proceeds of the Series 2025 Bonds and any other available moneys of the
Agency in the Escrow Deposit Trust Fund,as provided in this Section and in Section 8 of this
Resolution.
SECTION 11.For the benefit of the holders and beneficial owners from time to time of the
Series 2025 Bonds,the Agency agrees,in accordance with the Rule,to provide or cause to be
provided such annual financial information and operating data,financial statements and notices,
in such manner,as may be required for purposes of paragraph (b )(5)of the Rule.In order to
describe and specify certain terms of the Agency's continuing disclosure agreement,including
provisions for enforcement,amendment and termination,the Executive Director is hereby
authorized and directed to enter into,execute and deliver,in the name and on behalf of the
Agency,a Disclosure Dissemination Agent Agreement (the "Series 2025 Continuing Disclosure
Agreement")with Digital Assurance Certification LLC,which is hereby appointed as disclosure
dissemination agent with respect to the Series 2025 Bonds,in substantially the form presented at
the meeting at which this Series 2025 Series Resolution was considered,subject to such
changes,modifications,insertions and omissions and such filling-in of blanks therein as may be
determined and approved by the Executive Director,after consultation with the General Counsel.
The execution of the Series 2025 Continuing Disclosure Agreement,for and on behalf of the
Agency by the Executive Director,shall be deemed conclusive evidence of the Agency's approval
of the Series 2025 Continuing Disclosure Agreement.Notwithstanding any other provisions of
the Bond Resolution,including this Series 2025 Series Resolution,any failure by the Agency to
comply with any provisions of the Series 2025 Continuing Disclosure Agreement shall not
constitute a default under the Bond Resolution and the remedies therefor shall be solely as
provided in the Series 2025 Continuing Disclosure Agreement.
The Executive Director is further authorized and directed to establish,or cause to be
established,procedures in order to ensure compliance by the Agency with the Series 2025
6
1858 of 2719
Continuing Disclosure Agreement,including the timely provision of information and notices.Prior
to making any filing in accordance with such agreement,the Executive Director may consult with,
as appropriate,the General Counsel or the Agency's bond counsel or disclosure counsel.The
Executive Director,acting in the name and on behalf of the Agency,shall be entitled to rely upon
any legal advice provided by the General Counsel or the Agency's bond counsel or disclosure
counsel in determining whether a filing should be made.
SECTION 12.The appointment of U.S.Bank Trust Company,National Association,as
Paying Agent and Registrar for the Series 2025 Bonds is hereby confirmed.
SECTION 13.The officers,agents and employees of the Agency,the Paying Agent,the
Registrar and the Escrow Agent are hereby authorized and directed to do all acts and things
required of them by the provisions of the Series 2025 Bonds,the Bond Resolution,the Series
2025 Bond Purchase Agreement,the Series 2025 Escrow Deposit Agreement,the Series 2025
Continuing Disclosure Agreement and this Series 2025 Series Resolution,for the full,punctual
and complete performance of all the terms,covenants,provisions and agreements of the Series
2025 Bonds,the Bond Resolution,the Series 2025 Bond Purchase Agreement,the Series 2025
Escrow Deposit Agreement,the Series 2025 Continuing Disclosure Agreement and this Series
2025 Series Resolution.
SECTION 14.Nothing in this Series 2025 Series Resolution expressed or implied is
intended or shall be construed to confer upon,or to give or grant to,any person or entity,other than
the Agency,the Paying Agent,the Registrar,the Escrow Agent and the registered owners of the
Series 2025 Bonds,any right,remedy or claim under or by reason of this or any covenant,condition
or stipulation hereof,and all covenants,stipulations,promises and agreements in this Series 2025
Series Resolution contained shall be for the sole and exclusive benefit of the Agency,the Paying
Agent,the Registrar,the Escrow Agent and the registered owners of the Series 2025 Bonds,as
applicable.
SECTION 15.This Series 2025 Series Resolution shall take effect immediately upon its
adoption.
PASSED and ADOPTED this 21°day of May,2025.
ATTEST:
Steven Meiner,Chairperson
Rafael E.Granado,Secretary APPROVED AS TO
FORM 5 LANGUAGE
&FOR EX ECUTIONf2>a s
Redevelopment Agency Date
General Counsel
7
1859 of 2719
MIAMI BEACH REDEVELOPMENT AGENCY
AND
CITY OF MIAMI BEACH,FLORIDA
NOTICE OF PROPOSED ISSUANCE OF MIAMI BEACH REDEVELOPMENT AGENCY TAX
INCREMENT REVENUE REFUNDING BONDS
(CITY CENTER/HISTORIC CONVENTION VILLAGE)
Notice is hereby given in accordance with the provisions of Sections 163 346 and 166.041 (3)(a},
Florida Statutes,as amended,that the Chairperson and Members of the Miami Beach Redevelopment
Agency (the "Agency")and Mayor and City Commission of the City of Miami Beach,Florida (the "City")
will,as applicable,consider the adoption of the following resolutions providing for the issuance by the
Agency of not to exceed $267,000,000 principal amount of Miami Beach Redevelopment Agency Tax
Increment Revenue Refunding Bonds (City Center/Historic Convention Village),in one or more series,at
a meeting to be held on Wednesday,May 21,2025,at 10:00 a.m.,or as soon thereafter as the matter
may be heard.The meeting will be held in the City Commission Chamber,3 Floor,1700 Convention
Center Drive,Miami Beach,Florida,and any interested person may appear at the meeting and be heard
with respect to the proposed resolutions.Persons who wish to participate or provide comments virtually
may join the webinar at.https_//miamibeachfl-gov_zoom_us/j'81392857671 or via telephone at.
1.305.224.1968 (U.S.)or 888.475.4499 (Toll-Free).Webinar ID:81392857671#.Persons wanting to
speak virtually during the meeting must click the "raise hand"icon if using the Zoom app or press "9 on
the telephone to raise their hand.
Copies of the proposed resolutions may be inspected by the public at the Office of the City Clerk,
1°Floor,1700 Convention Center Drive,Miami Beach,Florida,during regular working hours,8:30 a.m.
to 5.00 p.m.,Monday through Friday.Copies are also available for public inspection at:
https//www_miamibeachfl._gov/city-hall/city-clerk/agenda-archiye-main-page-2/.
AGENCY RESOLUTION
10:00 a .m .Public Hearing
A RESOLUTION OF THE CHAIRPERSON AND MEMBERS OF THE BOARD OF THE M IA M I BEACH
REDEVELOPMENT AGENCY AUTHORIZING ISSUANCE OF NOT TO EXCEED $267,000,000 IN
AGGREGATE PRINCIPAL AMOUNT OF MIAMI BEACH REDEVELOPMENT AGENCY TAX
INCREMENT REVENUE REFUNDING BONDS,SERIES 2025 (CITY CENTER/HISTORIC
CONVENTION VILLAGE),FOR THE PURPOSE OF REFUNDING A PORTION OF THE
OUTSTANDING SERIES 2015A BONDS.FUNDING ANY NECESSARY DEPOSIT TO THE DEBT
SERVICE RESERVE ACCOUNT AND PAYING COSTS OF ISSUANCE AND REFUNDING,ALL
PURSUANT TO SECTION 304(H)OF RESOLUTION NO.619-2015 ADOPTED BY THE AGENCY ON
OCTOBER 14,2015,PROVIDING THAT SAID SERIES 2025 BONDS AND INTEREST THEREON
SHALL BE PAYABLE SOLELY FROM PLEDGED FUNDS;PROVIDING CERTAIN DETAILS OF THE
SERIES 2025 BONDS,DELEGATING OTHER DETAILS AND MATTERS IN CONNECTION WITH THE
ISSUANCE OF THE SERIES 2025 BONDS AND THE REFUNDING OF THE SERIES 2015A BONDS
TO BE REFUNDED TO THE EXECUTIVE DIRECTOR,INCLUDING WHETHER TO SECURE A
CREDIT FACILITY AND/OR A RESERVE ACCOUNT INSURANCE POLICY,WITHIN THE
LIMITATIONS AND RESTRICTIONS STATED HEREIN;AUTHORIZING A BOOK-ENTRY
REGISTRATION SYSTEM FOR THE SERIES 2025 BONDS;AUTHORIZING THE NEGOTIATED SALE
AND AWARD OF THE SERIES 2025 BONDS TO THE UNDERWRITERS WITHIN THE LIMITATIONS
AND RESTRICTIONS STATED HEREIN;APPROVING THE FORM OF AND AUTHORIZING THE
EXECUTION AND DELIVERY OF A BOND PURCHASE AGREEMENT;APPROVING THE FORM OF
AND DISTRIBUTION OF A PRELIMINARY OFFICIAL STATEMENT AND AN OFFICIAL STATEMENT
AND AUTHORIZING THE EXECUTION AND DELIVERY OF THE OFFICIAL STATEMENT;PROVIDING
FOR THE APPLICATION OF THE PROCEEDS OF THE SERIES 2025 BONDS AND CREATING
CERTAIN FUNDS AND SUBACCOUNTS:AUTHORIZING THE REFUNDING,DEFEASANCE AND
1860 of 2719
REDEMPTION OF THE SERIES 2015A BONDS TO BE REFUNDED;APPROVING THE FORM OF
AND AUTHORIZING THE EXECUTION AND DELIVERY OF AN ESCROW DEPOSIT AGREEMENT
AND APPOINTING AN ESCROW AGENT;COVENANTING TO PROVIDE CONTINUING
DISCLOSURE IN CONNECTION WITH THE SERIES 2025 BONDS IN ACCORDANCE WITH
SECURITIES AND EXCHANGE COMMISSION RULE 15c2-12 AND AUTHORIZING THE EXECUTION
AND DELIVERY OF A CONTINUING DISCLOSURE AGREEMENT WITH RESPECT THERETO AND
APPOINTING A DISCLOSURE DISSEMINATION AGENT;APPOINTING A PAYING AGENT AND
REGISTRAR FOR THE SERIES 2025 BONDS;AUTHORIZING OFFICERS AND EMPLOYEES OF THE
AGENCY TO TAKE ALL NECESSARY ACTIONS IN CONNECTION WITH THE ISSUANCE OF THE
SERIES 2025 BONDS AND THE REFUNDING OF THE SERIES 2015A BONDS TO BE REFUNDED
AND OTHER RELATED MATTERS:AND PROVIDING FOR AN EFFECTIVE DATE.
CITY RESOLUTION
10:00 a.m.Public Hearing
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH,
FLORIDA AUTHORIZING THE ISSUANCE BY THE MIAMI BEACH REDEVELOPMENT AGENCY OF
NOT TO EXCEED $267,000,000 AGGREGATE PRINCIPAL OF TAX INCREMENT REVENUE
REFUNDING BONDS,SERIES 2025 (CITY CENTER/HISTORIC CONVENTION VILLAGE),IN
ACCORDANCE WITH THE REQUIREMENTS OF CHAPTER 163,PART Ill,FLORIDA STATUTES,AS
AMENDED;AUTHORIZING OFFICERS AND EMPLOYEES OF THE CITY TO TAKE ALL NECESSARY
ACTIONS IN CONNECTION THEREWITH;AND PROVIDING FOR AN EFFECTIVE DATE.
Pursuant to Section 286.0105,Florida Statutes,the Agency and the City hereby advise the public
that:if a person decides to appeal any decision made by any board,agency,or commission with respect
to any matter considered at its meeting or its hearing,such person must insure that a verbatim record of
the proceedings is made,which record includes the testimony and evidence upon which the appeal is to
be based.This notice does not constitute consent by the Agency or the City for the introduction or
admission of otherwise inadmissible or irrelevant evidence,nor does it authorize challenges or appeals
not otherwise allowed by law.
In accordance with the Americans with Disabilities Act of 1990,persons needing a special
accommodation to participate in this proceeding,or to request information on access for persons with
disabilities,or to request this publication in an accessible format,or to request sign language interpreters,
should call 305.604.2ADA (2232)and select 1 for English or 2 for Spanish;TTY users may call via 711
(Florida Relay Service).
The meeting will be broadcast live on Miami Beach TV (MBTV),viewable on the City's website at
https://www.miamibeachfl.gov/government/mbtv/,as well as on Breezeline Cable channel 660,AT&T U-
verse channel 99,Hotwire Communications channel 395,and ROKU device on PEG.TV channel,and on
social media at https://www.facebook.com/cityofmiamibeach.
Parking
Meeting attendees can park at the City Hall Garage,1755 Meridian Avenue,Miami Beach,Florida 33139.
Rafael E.Granado,City Clerk
Miami Beach Redevelopment Agency
and
City of Miami Beach,Florida
CityClerk@miamibeachfl_gov
305.673.7411
May 4,2025
AD:05212025-06 RDA
1861 of 2719
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Public H earing_-M iam i Beach Redevelopm ent Agency And City Of Miam i Beach,Florida -Notice of
Proposed Issuance Of M iam i Beach Redevelopm ent Agency Tax Increm ent Revenue Refunding Bonds
(C ity Center/Historic Convention Village)_(/resources/legal-ads/m unicipalities/m iam i-beach/05212O25-
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M iam i Beach I Publish Date:M ay 4,2025
Notic e is hereby given in accordance w ith the pro visions of Sections 163.346 and 166.041(3)
(a),Flo rida Statutes,as am ended,that the Chairperson and M em bers of the M iam i Beach
Redevelo pm ent Agency (the "Agency")and M ayor and City Com m ission of the City of M iam i
Beach,Flo rida (the "C ity")w ill,as applicable,consider the adoption of the fo llow ing
resolutio ns pro viding fo r the issuance by the Agency of not to exceed $267,000,000 principal
am ount of M iam i Beach Redevelopm ent Agency Tax Increm ent Revenue Refunding Bonds
(C ity Center/Historic Convention V illage),in one or m ore series,at a meeting to be held on
W ednesday,M ay 21,2025,at 10:00 a.m .,or as soon thereafter as the m atter m ay be heard.
The m eeting w ill be held in the City Com m ission Cham ber,3rd Floor,1700 Convention Center
Drive,M iam i Beach,Florida,and any interested person m ay appear at the m eeting and be
heard w ith respect to the pro posed resolutions.Persons w ho wish to participate or provide
com m ents virtually m ay join the webinar at:https://m iam ibeachfl-
gov.zo om.u s/j/813 928576 71 or via telephone at:1.305.224.1968 (U.S.)or 888.475.4499
(Toll-Free).W ebinar ID :813 92857671#.Persons wanting to speak virtually during the m eeting
m ust cl ick the "raise hand"icon if using the Zoom app or press 9 on the telephone to raise
their hand .
Public N otice -City_of M iam i Beach M eeting Notices May_12 -16,2025_(/resources/legal-
ads/m unicipalities/m iam i-beach/02-m ay12 -m ay16 2025.pdf)
1862 of 27 19
NW I
HAITIAN
Little Haiti Cultural Com-
plex,212 NE 59th Terr.,
Miami;early bird tickets
are $25 and VIP S85 plus
fees.Tickets at eventbrite.
Haitian Compas Fes-
tival AII Black Affair
with Kai Kenny Ayiti,
Rutsthelle and T-vice.I
p.m.Friday.May 16,Mia-
mi Beach's M2 Nightclub,
1235 Washington Ave.,
Miami Beach.Cost is $60.
Purchase tickets at www.
Haitiancompas
festival.com.
Miami Haitian Com-
pas Festival.This year's
27th annual event features
Zafem,Kai,T-Vice,Roody
Roodboy,Rutshelle,Fati-
ma,Ram,Ekip,WID,
Team Lobey and more.
Plus DJ Nicky Mixx,DJ
Bullet,DJ Heavy and
others.Prices range from
$8O for general admission
NEIGHBORS
to SI8O;VIP Packages for
the weekend also included
for upwards of S4,000
and include 12 VIP Passes
and 4 Bottles of choice.
Saturday,May I7 at NOMI
Village,12351 NW Sev-
enth Ave.,North Miami.
For tickets go to
www.Haitancompas
festival.com;954-708-
6849.
Marlins Haitian Heri-
tage Game:Haitian-born
D]Michael Brun,a Gram-
my winning Platinum
selling producer,will
throw out the game's first
pitch at the Miami Marlins
game on Haitian Flag Day.
1:40 p.m.-4 p.m.Sunday,
May 18,LoanDepot Park,
501 Marlins WVay,Miami.
Fete Sur Yacht-Hai-
tian Flag Weekend:Five
luxury yachts will set sail
in celebration of Haiti's
flag.Attendees will enjoy
champagne toasts,music
and appetizers.Boarding
starts at ll a.m.and ships
return at p.m.,Sunday,
LEGAL NOTICE
PUBL IC HEARING
May 18.Cost is $300 and
tickets can be purchased
on eventbrite;786-970-
7403 or MajestieGroup
Events@gmail.com.
Haitian Compas Fes-
tival All White Party and
official Haitian Compas
Festival Close Out party;
Mizik Mizik's 38th anni-
versary,10 p.m.Sunday,
May 19.M2 Nightclub,
1235 Washington Ave.,
Miami Reach.Cost is $50.
PAMM Art Storytime:
Fanmi Pap Janm Pedi,A
Celebration of Haitian
Heritage:Visitors will
enjoy folklore storytelling
of an original story by a
local author/illustrator.
The event also features
performances and ven-
dors.11 a.m.to 12:30 p.m.
Saturday,May 24.Perez
Art Museum Miami,1103
Biscayne Blvd.,Miami.
Jacqueline Charles:
305-376-2616,
@jacquiecharles
SUNDAY MAY 4 2025
MAMI BEACH REDEVELOPMENT AGENC Y
AND
CITY OF MLAMI BEAC H,FLORIDA
NOT ICE OF PROPO SED ISSUANCE OF MLAMI BEACH RED EVELOPM ENT AGENC Y TAX INCREMENT
REVENUE REFUN DING BONDS
(CITY CENTE R/HISTORIC CONVENTION VLAGE)
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AGENC Y RESO LUTION
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