LTC 104-2020 CITY OF HALLANDALE RESOLUTION NO. 2020-008 MIAMI BEACH
OFFICE OF THE CITY CLERK
No. 104-2020
LETTER TO COMMISSION
TO: Mayor Dan Gelber and Members of�the
�City ommission
FROM: Rafael E. Granado, City Clerk �(
CJ
DATE: February 24, 2020
SUBJECT: CITY OF HALLANDALE RESOLUTION NO. 2020-008
Attached for your information is Resolution No. 2020-008, adopted by the Mayor and City
Commission of City of Hallandale on February 5, 2020.
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE
CITY OF HALLANDALE BEACH, FLORIDA, SUPPORTING UNITED
STATES HOUSE OF REPRESENTATIVES BILL H.R. 2772, KNOWN AS
THE "INVESTING IN OUR COMMUNITIES ACT," AND PROVIDING AN
EFFECTIVE DATE.
The City of Hallandale Clerk has requested that a copy of this Resolution be provided to the
Miami Beach Mayor, Commissioners and the City Manager.
If you have any questions, please contact the Office of the City Clerk at 305.673.7411.
REG/Ic
Attachment
F:\CLER\$ALL\LILIA\LTC's-Transmittal's\Hallandale Beach\Resolution 2020-008 City of Hallandale.docx
1 RESOLUTION NO. 2020 -008
2
3 A RESOLUTION OF THE MAYOR AND CITY
4 COMMISSION OF THE CITY OF HALLANDALE BEACH,
5 FLORIDA, SUPPORTING UNITED STATES HOUSE OF
6 REPRESENTATIVES BILL H.R. 2772, KNOWN AS THE
7 "INVESTING IN OUR COMMUNITIES ACT", AND
8 PROVIDING AN EFFECTIVE DATE.
9
10
11 WHEREAS, the exclusion from gross income for interest on certain bonds issued
12 to advance refund another bond was repealed for bonds issued after 2017 by the Federal
13 Tax Cuts and Jobs Act of 2017; and
14
15 WHEREAS, municipalities' ability to refinance outstanding bonds to take
16 advantage of lower interest rates was taken away by this action, thus removing their ability
17 to collectively save billions of dollars that could otherwise be used for infrastructure; and
18
19 WHEREAS, U.S Representative Dutch Ruppersberger introduced, and Florida
20 Representatives Ross Spano and Darren Soto have co-sponsored, House Bill H.R. 2772
21 in order to reinstate the exclusion; and
22
23 WHEREAS, the Mayor and City Commission find that both accruing funding for
24 infrastructure as well as the ability to refinance bonds and then potentially issue new bonds
25 are critical matters in the City of Hallandale Beach;
26
27 NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND THE CITY
28 COMMISSION OF THE CITY OF HALLANDALE BEACH, FLORIDA:
29
30 SECTION 1. The foregoing "Whereas" clauses are incorporated herein.
31
32 SECTION 2. Support of. The Mayor and City Commission hereby support and
33 urge the passage of United States House of Representatives Bill H.R. 2772, known as the
34 "Investing in our Communities Act".
35
36 SECTION 3_ Directions to City Manager and City Clerk. The Mayor and City
37 Commission direct the City Manager to take all necessary steps to effectuate this
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FILE NO. 19-609
38 resolution and direct the Clerk to cause a copy of this resolution to be forwarded to all
39 appropriate parties.
40
41 SECTION 4. Effective Date. This Resolution shall take effect immediately upon
42 its passage and adoption.
43
44 APPROVED AND ADOPTED this 5' day of February 2020.
45
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49 MAYS
50
51 SPONSORED BY: COMMISSIONER ANABELLE LIMA- B
52
Af ESY
tit%
r FINAL VOTE ON ADOPTION
JENORGE if ILLEN, CMC
CITY 91,VR.K Mayor Cooper YES
Vice Mayor Javellana YES
APPROVED AS TO LEGAL SUFFICIENCY Commissioner Butler YES
AND FORM Commissioner Lazarow YES
S
ti Commissioner Lima-
, Taub YES
411P4 J/
J INI' ER MERINO
ITY 'TTORNEY
53
ISR NO. 2 RESO. NO. 2020 - 008
FILE NO. 19-609