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OF THE ISSUANCE OF THE BOND AND SETTING FORTH THE TERMS OF SUCH <br /> BOND ANTICIPATION NOTE; AUTHORIZING THE NEGOTIATED SALE OF SUCH <br /> BOND ANTICIPATION NOTE TO SUNTRUST BANK, MIAMI, NATIONAL <br /> ASSOCIATION;MAKING CERTAIN COVENANTS RELATING TO THE ISSUANCE OF <br /> SUCH BOND ANTICIPATION NOTE;DESIGNATING THE INITIAL ADVANCE UNDER <br /> SUCH BOND ANTICIPATION NOTE AS A"QUALIFIED TAX-EXEMPT OBLIGATION" <br /> WITHIN THE MEANING OF SECTION 265(b)(3)OF THE INTERNAL REVENUE CODE <br /> OF 1986, AS AMENDED; AUTHORIZING THE PROPER OFFICERS OF THE CITY TO <br /> DO ALL OTHER THINGS DEEMED NECESSARY OR ADVISABLE IN CONNECTION <br /> WITH THE ISSUANCE OF SUCH BOND AND BOND ANTICIPATION NOTE; AND <br /> PROVIDING FOR AN EFFECTIVE DATE. <br /> ACTION: [City Clerk's note: see amended ordinance that was distributed at the meeting] City <br /> Clerk Brown-Morilla read the title of the proposed ordinance and City Manager Jack Neustadt <br /> announced that a revised ordinance had been distributed. <br /> Public Speakers: Gerry Goodman; Tom Terrio, Senior Vice President of SunTrust <br /> Commissioner Kauffman moved and Commissioner Turetsky seconded a motion to adopt the <br /> ordinance on second reading. Ordinance No.99-86 was adopted by a roll call vote of 5-0 <br /> in favor. <br /> Vote: Commissioner Iglesias yes <br /> Commissioner Kauffman yes <br /> Commissioner Turetsky yes <br /> Vice-Mayor Morrow yes <br /> Mayor Samson yes <br /> 9. RESOLUTIONS: <br /> 9A. Add-On*: A RESOLUTION OF THE CITY OF SUNNY ISLES BEACH, FLORIDA, <br /> ACCEPTING THE COMMITMENT OF SUNTRUST BANK, MIAMI, NATIONAL <br /> ASSOCIATION TO PURCHASE THE CITY'S BOND ANTICIPATION NOTE, <br /> GOVERNMENT CENTER SERIES, IN A PRINCIPAL AMOUNT OF S5,000,000 FOR <br /> THE PURPOSES OF FINANCING ON A TEMPORARY BASIS ALL OR A PORTION OF <br /> THE COSTS OF ACQUISITION, CONSTRUCTION AND EQUIPPING OF THE SUNNY <br /> ISLES BEACH GOVERNMENT CENTER AND AN ADJACENT PARKING GARAGE <br /> AND OF PAYING CERTAIN COSTS RELATED THERETO; ESTABLISHING THE <br /> INTEREST RATE FOR SUCH BOND AND BOND ANTICIPATION NOTE; AND <br /> PROVIDING FOR AN EFFECTIVE DATE. <br /> ACTION: *[City Clerk's note: This item was distributed at the meeting and added to the <br /> agenda.] City Clerk Brown-Morilla read the title and City Manager Jack Neustadt introduced <br /> the item. <br /> Public Speakers: none <br /> Summary Minutes of the December 20, 1999, Special City Commission Meeting - Page 2 of 4 <br />