Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Funding Allocation topic
No spam. Unsubscribe anytime.
Health Facilities Authority to recommend $250,000 donation to City for nonprofit health services
Summary
The South Miami Health Facilities Authority said it will bring a resolution recommending that $250,000 from a 2025 conduit bond issuance be donated to the City for nonprofit human health service agencies; the board deferred formal action because a physical quorum was not present.
The Health Facilities Authority of the City of South Miami agreed to bring a resolution to a future meeting recommending donation of $250,000 in surplus proceeds from a 2025 conduit bond issuance to the City to be used for nonprofit human health service agencies.
A staff participant explained the process for surplus funds: "So after the Authority pays itself any administrative expenses and costs in connection with that 2025 bond issuance, it can then approve by resolution the donation of any surplus funds." Alfredo, speaking for the board, said issuance administrative costs were covered: "the entire whole amount of 250,000 sits whole." The staff reiterated that Florida statute governs permissible uses and that the City Commission will make the ultimate allocation of any donation.
Because a physical quorum was not present, members agreed the board should not take formal action at this session and will consider the resolution at the next in-person meeting. The Authority’s annual report will be filed as required before the statutory deadline and the board can make recommendations to the commission at that later meeting.
