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Cabinet
Affairs |
1. Approval of minutes of the meeting of May 14, 1996.
(Attachment #1)
2. ADOPTION OF A RESOLUTION AUTHORIZING THE ISSUANCE OF NOT EXCEEDING
$6,185,000 STATE OF FLORIDA, BOARD OF REGENTS, UNIVERSITY OF CENTRAL
FLORIDA BOOKSTORE REVENUE BONDS, SERIES 1996, TO FINANCE THE CONSTRUCTION
AND RENOVATION OF A BOOKSTORE ON THE CAMPUS OF THE UNIVERSITY
OF CENTRAL FLORIDA LOCATED IN ORLANDO, FLORIDA.
The bonds will be secured by a pledge of the bookstore revenues
after deducting the current expenses, the administrative expenses
and the rebate amount. The bonds are not secured by the full faith
and credit of the State of Florida.
Copies of the resolution may be obtained from the Division of
Bond Finance upon request.
(Recommend)
3. ADOPTION OF A RESOLUTION AUTHORIZING THE ISSUANCE OF NOT
EXCEEDING $19,455,000 STATE OF FLORIDA, BOARD OF REGENTS,
UNIVERSITY OF CENTRAL FLORIDA HOUSING REVENUE BONDS, SERIES 1996
(THE "SERIES 1996 BONDS"), TO FINANCE CONSTRUCTION OF
A STUDENT HOUSING FACILITY ON THE CAMPUS OF THE UNIVERSITY OF
CENTRAL FLORIDA LOCATED IN ORLANDO, FLORIDA.
The resolution supplements and amends a resolution of the Governing
Board of the Division of Bond Finance adopted on July 21, 1992,
which resolution authorized the issuance of the $19,080,000 State
of Florida, Board of Regents, University of Central Florida Student
Apartment Facility Revenue Bonds, Series 1992 (the "Series
1992 Bonds").
The Series 1996 Bonds will be secured by a pledge of the housing
system revenues, after deducting certain expenses, on a parity
with the Series 1992 Bonds. The Series 1996 Bonds are not secured
by the full faith and credit of the State of Florida.
Copies of the resolution may be obtained from the Division of
Bond Finance upon request.
(Recommend)
4. ADOPTION OF RESOLUTIONS AUTHORIZING THE NEGOTIATED SALE OF
THE FOLLOWING HOUSING REVENUE BONDS ON BEHALF OF AND AT THE REQUEST
OF THE FLORIDA HOUSING FINANCE AGENCY (THE "AGENCY"):
(A) Not exceeding $15,500,000 Florida Housing Finance Agency Housing
Revenue Bonds, 1996 Series [one or more series to be designated]
(Sterling Palms Apartments Project).
(B) Not exceeding $5,925,000 Florida Housing Finance Agency Multifamily
Housing Revenue Refunding Bonds, 1996 Series [to be designated]
(Andover Place Project).
(C) Not exceeding $14,500,000 Florida Housing Finance Agency Housing
Revenue Bonds, 1996 Series [to be designated] (Caribbean Key Project).
The Agency has requested the sale of the bonds for the purpose
of financing or refinancing various multifamily residential housing
projects. The bonds will not constitute an obligation, either
general or special, of the state or of any local government.
Pursuant to Section 420.509 (7)(a), Florida Statutes, the Agency
is permitted to authorize the negotiated sale of bonds if it is
determined that it is in the best interest of the Agency. The
Agency has made the determination that a negotiated sale of the
bonds is in the best interest of the Agency.
Copies of the resolutions may be obtained from the Division of
Bond Finance upon request.
(Recommend)