South Miami Health Facilities Authority affirms leadership, approves annual report noting no 2024 activity

The South Miami Health Facilities Authority met March 27, 2025, elected its leadership slate and approved the authority’s annual report for calendar year 2024, which staff said contained no transactions.

During the meeting, a staff member, Alfredo (Speaker 4), presented the annual report and told the board, "I am here to report there has been no business. There's no bank account. There's nothing that's been trans ... transpired or any transactions that have, have been incurred during the calendar year of 2024." The board then voted to approve the report by voice vote, recorded as 3-0.

Board members also confirmed leadership under Resolution No. 1. Chair (Speaker 2) noted that Lisa Santos is chair and the current vice chair would continue; members moved and seconded support and approved the slate by voice vote.

Members pressed for clarity about the Authority’s role. Vice Chair Reynold Martin (Speaker 1) asked for a workshop so the board can "better understand what we're supposed to be doing," saying he did not feel sufficiently informed to describe his duties. Chair (Speaker 2) said staff would arrange a session with the city attorney and city manager and "I'll send an email within the next week" to schedule it.

Why it matters: the authority is a statutory conduit that, if used, can facilitate tax-exempt debt for health facilities; members and staff noted changes to federal tax rules in recent years that have reduced the frequency of such conduit financings. The board's approval of an inactive annual report formalizes that no conduit activity occurred in 2024.