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Miami council authorizes up to $14.2 million note to fund fiber, AMI meters and water-plant work
Summary
The Miami City Council approved a resolution allowing the Miami Special Utility Authority to issue up to $14.2 million in utility-system and sales-tax revenue notes to finance fiber infrastructure, advanced metering (AMI) meters and water-plant repairs and to ratify a related lease; the transcript records affirmative votes by Parker, Jones and Barnes but does not include a full roll-call tally.
The Miami City Council approved a resolution authorizing the Miami Special Utility Authority to issue utility-system and sales-tax revenue notes in an aggregate principal amount not to exceed $14,200,000 to finance fiber network installation, advanced metering infrastructure (AMI) meters and water‑plant work, the council said at a special meeting.
The measure (referred to in the meeting as MSUA 2026-05) waives competitive bidding for the negotiated sale, authorizes execution of a sales-tax agreement between the City of Miami and the authority, approves an indenture securing the note, and ratifies an existing lease covering the city’s water, sewer, garbage and electric systems.
The financing’s purpose and the consultants who solicited bids were described to the council during the presentation. “This…
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