RE.12 - A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), DECLARING THE OFFICIAL INTENT OF THE CITY OF MIAMI ("CITY") TO ISSUE TAX-EXEMPT OR TAXABLE GENERAL OBLIGATION BONDS PAYABLE FROM AD VALOREM TAXES PROVIDED THAT THE CAPITAL PROJECTS DEBT MILLAGE NOT EXCEED THE RATE OF 0.5935 MILLS IN ACCORDANCE WITH THE NOVEMBER 7, 2017, BOND REFERENDUM APPROVED BY THE VOTERS IN AN INITIAL EXPECTED NOT TO EXCEED TOTAL MAXIMUM PRINCIPAL AMOUNT OF THREE MILLION AND 00/100 DOLLARS ($3,000,000.00) IN ORDER TO, AMONG OTHER THINGS, REIMBURSE THE CITY FOR FUNDS ADVANCED BY THE CITY FOR CERTAIN EXPENSES INCURRED WITH RESPECT TO CAPITAL PROJECTS TO BE UNDERTAKEN BY THE CITY TO IMPROVE AFFORDABLE HOUSING WITHIN THE CITY'S LIMITS, SPECIFICALLY, FOR THE CONSTRUCTION OF SINGLE FAMILY AND/OR TWIN HOMES IN DISTRICT 5 (COLLECTIVELY, “DISTRICT 5 NEW CONSTRUCTION HOMEOWNERSHIP”) AS MORE PARTICULARLY DESCRIBED IN EXHIBIT “B,” IN COMPLIANCE WITH THE CITY’S SEVEN (7) AFFORDABLE HOUSING STRATEGIES OUTLINED IN EXH...
October 22, 2026