*This meeting was joined in progress* Resolution Number 4-22UD A resolution of the Board of Directors of the City of Riviera Beach Utility Special District (the “District”), authorizing the negotiated sale of City of Riviera Beach Utility Special District Water and Sewer Revenue Refunding Bond, Taxable Series 2022A (the “Taxable Series 2022A Bond”), in the initial aggregate principal amount of not exceeding $19,500,000 for the purpose of refunding and defeasing the District’s utility system Water and Sewer Revenue Refunding Bonds, Series 2014 or portions thereof, and City of Riviera Beach Utility Special District Water and Sewer Revenue Refunding Bond, Taxable Series 2022B (the “Taxable Series 2022B Bond”), in the initial aggregate principal amount of not exceeding $33,500,000 for the purpose of refunding and defeasing the District’s utility system Water and Sewer Revenue Bonds, Series 2016 or portions thereof (collectively, the “refunded bonds”); authorizing the negotiated sale of City of Riviera Beach Utility Special District Water and Sewer Revenue Refunding Bond, Tax Exempt Series 2024 (the “Tax Exempt Series 2024 Bond”), in the initial aggregate principal amount of not exceeding $19,500,000 for the purpose of refunding the Taxable Series 2022A bond and the City of Riviera Beach Utility Special District Water and Sewer Revenue Refunding Bond, Tax Exempt Series 2026 (the “Tax Exempt Series 2026 Bond”), in the initial aggregate principal amount of not exceeding $33,500,000 for the purpose of refunding the Taxable Series 2022B Bond; determining certain details of the Taxable Series 2022A Bond, Taxable Series 2022B Bond, Tax Exempt Series 2024 Bond and Tax Exempt Series 2026 Bond; providing for application of the bond proceeds; approving the form of, and authorizing the execution and delivery of a loan and exchange agreement to effect the negotiated sale of the Taxable Series 2022A Bond, Taxable Series 2022B Bond, Tax Exempt Series 2024 Bond and Tax Exempt Series 2026 Bond and setting the parameters by which the Chairperson or the Finance Director shall be authorized to execute and deliver the loan and exchange agreement; appointing a paying agent and registrar; authorizing the execution and delivery of a paying agent/registrar agreement; appointing an escrow agent; approving the form and authorizing the execution and delivery of an escrow deposit agreement; appointing a verification agent; appointing a structuring agent; approving the form and authorizing the execution and delivery of a structuring agent agreement; authorizing the proper officers of the district to do all other things deemed necessary or advisable in connection with the issuance, sale and delivery of the Taxable Series 2022A Bond, Taxable Series 2022B Bond, Tax Exempt Series 2024 Bond and Tax Exempt Series 2026 Bond; and providing for an effective date. Randy M. Sherman, Director of Finance & Administrative Services, 561-845- 4045 Approve resolution 4-22ud approving the refinancing of callable maturities of the Water and Sewer Revenue Bonds, Series 2014 and series 2016.
Resolution Number 5-22UD A Resolution of the Board of Directors of the City of Riviera Beach Utility Special District, Approve Amendment Number 1 for the construction services with B&B Underground Construction, Inc., to replace a water main along Lake Drive from Bamboo Road to Inlet Way and along Inlet Way from Lake Drive to South Ocean Avenue in the revised amount of $1,573,335.76; authorizing the Utility Special District Chairperson and District Clerk to execute this Agreement Amendment; authorizing the Finance Director to transfer $163,129.29 from Project Number 18157 to Project Number 18153; authorizing the Utility Special District Executive Director to approve change orders up to ten percent (10%); And authorizing the Finance Director to make payment from Project Number 18153 in a revised amount not to exceed $1,730,669.33; and providing an effective date. Michael Low, Executive Director, 561-845-4185 Staff recommends the Board of Directors of the City of Riviera Beach Utility Special District approve the Resolution associated with Amendment Number 1 to the Construction Services Contract which approves Change Order Number 1 and approves the retainage rate to be consistent with the amended Florida Statues.
Presentation on the status of the Design, Build Project for the new Water Treatment Facility in response to RFQ Solicitation Number 1039-21-3 Deirdre M. Jacobs, MPA, Assistant City Manager, 561-812-9562
*This meeting was joined in progress* Resolution Number 4-22UD A resolution of the Board of Directors of the City of Riviera Beach Utility Special District (the “District”), authorizing the negotiated sale of City of Riviera Beach Utility Special District Water and Sewer Revenue Refunding Bond, Taxable Series 2022A (the “Taxable Series 2022A Bond”), in the initial aggregate principal amount of not exceeding $19,500,000 for the purpose of refunding and defeasing the District’s utility system Water and Sewer Revenue Refunding Bonds, Series 2014 or portions thereof, and City of Riviera Beach Utility Special District Water and Sewer Revenue Refunding Bond, Taxable Series 2022B (the “Taxable Series 2022B Bond”), in the initial aggregate principal amount of not exceeding $33,500,000 for the purpose of refunding and defeasing the District’s utility system Water and Sewer Revenue Bonds, Series 2016 or portions thereof (collectively, the “refunded bonds”); authorizing the negotiated sale of City of Riviera Beach Utility Special District Water and Sewer Revenue Refunding Bond, Tax Exempt Series 2024 (the “Tax Exempt Series 2024 Bond”), in the initial aggregate principal amount of not exceeding $19,500,000 for the purpose of refunding the Taxable Series 2022A bond and the City of Riviera Beach Utility Special District Water and Sewer Revenue Refunding Bond, Tax Exempt Series 2026 (the “Tax Exempt Series 2026 Bond”), in the initial aggregate principal amount of not exceeding $33,500,000 for the purpose of refunding the Taxable Series 2022B Bond; determining certain details of the Taxable Series 2022A Bond, Taxable Series 2022B Bond, Tax Exempt Series 2024 Bond and Tax Exempt Series 2026 Bond; providing for application of the bond proceeds; approving the form of, and authorizing the execution and delivery of a loan and exchange agreement to effect the negotiated sale of the Taxable Series 2022A Bond, Taxable Series 2022B Bond, Tax Exempt Series 2024 Bond and Tax Exempt Series 2026 Bond and setting the parameters by which the Chairperson or the Finance Director shall be authorized to execute and deliver the loan and exchange agreement; appointing a paying agent and registrar; authorizing the execution and delivery of a paying agent/registrar agreement; appointing an escrow agent; approving the form and authorizing the execution and delivery of an escrow deposit agreement; appointing a verification agent; appointing a structuring agent; approving the form and authorizing the execution and delivery of a structuring agent agreement; authorizing the proper officers of the district to do all other things deemed necessary or advisable in connection with the issuance, sale and delivery of the Taxable Series 2022A Bond, Taxable Series 2022B Bond, Tax Exempt Series 2024 Bond and Tax Exempt Series 2026 Bond; and providing for an effective date. Randy M. Sherman, Director of Finance & Administrative Services, 561-845- 4045 Approve resolution 4-22ud approving the refinancing of callable maturities of the Water and Sewer Revenue Bonds, Series 2014 and series 2016.
Resolution Number 5-22UD A Resolution of the Board of Directors of the City of Riviera Beach Utility Special District, Approve Amendment Number 1 for the construction services with B&B Underground Construction, Inc., to replace a water main along Lake Drive from Bamboo Road to Inlet Way and along Inlet Way from Lake Drive to South Ocean Avenue in the revised amount of $1,573,335.76; authorizing the Utility Special District Chairperson and District Clerk to execute this Agreement Amendment; authorizing the Finance Director to transfer $163,129.29 from Project Number 18157 to Project Number 18153; authorizing the Utility Special District Executive Director to approve change orders up to ten percent (10%); And authorizing the Finance Director to make payment from Project Number 18153 in a revised amount not to exceed $1,730,669.33; and providing an effective date. Michael Low, Executive Director, 561-845-4185 Staff recommends the Board of Directors of the City of Riviera Beach Utility Special District approve the Resolution associated with Amendment Number 1 to the Construction Services Contract which approves Change Order Number 1 and approves the retainage rate to be consistent with the amended Florida Statues.
Presentation on the status of the Design, Build Project for the new Water Treatment Facility in response to RFQ Solicitation Number 1039-21-3 Deirdre M. Jacobs, MPA, Assistant City Manager, 561-812-9562