R7AD - Approve Stormwater Bond Utility Rates

A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, RESCINDING BY A FIVE-SEVENTH (5/7TH) VOTE, RESOLUTION NO. 2026-34276, ADOPTED BY THE MAYOR AND CITY COMMISSION AT ITS MAY 20, 2026 MEETING, AND ACCEPTING THE RECOMMENDATION OF THE FINANCE AND ECONOMIC RESILIENCY COMMITTEE (FERC) AT ITS JUNE 5, 2026 MEETING, DIRECTING THE ADMINISTRATION TO: 1) PREPARE A GENERAL OBLIGATION BOND FOR THE STORMWATER CAPITAL PROGRAM AS PRESENTED, AND 2) FUND THE WATER AND SEWER CAPITAL PROGRAM AS PRESENTED VIA UTILITY RATE ADJUSTMENTS; FURTHER, FOR THE ADMINISTRATION TO PROVIDE ADDITIONAL OPTIONS, INCLUDING BUT NOT LIMITED TO: A) A UTILITY RATE ADJUSTMENT MODEL TO FUND THE FIRST STREET PHASES 1 & 2 AND WEST AVENUE PHASE 3 NEIGHBORHOOD IMPROVEMENT PROJECTS, AND B) A UTILITY RATE ADJUSTMENT MODEL TO FUND FIRST STREET PHASES 1 & 2 AND WEST AVENUE PHASE 3 NEIGHBORHOOD IMPROVEMENT PROJECTS, AND ANY OTHER PUBLIC WORKS–DETERMINED CRITICAL PROJECT.