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Cabinet
Affairs |
(Contact person: J. Ben Watkins III - 488-4782)
September 10, 1996
1. Approval of minutes of the meeting of July 23, 1996.
(Attachment #1)
2. ADOPTION OF A RESOLUTION AUTHORIZING THE PUBLIC (COMPETITIVE)
SALE OF NOT EXCEEDING $6,185,000 STATE OF FLORIDA, BOARD OF REGENTS,
UNIVERSITY OF CENTRAL FLORIDA BOOKSTORE REVENUE BONDS, SERIES
1996.
The proceeds of the bonds will be used to pay the costs of constructing a renovation of and addition to a bookstore on the Orlando campus of the University of Central Florida and to pay certain costs associated with the issuance of the bonds, which will be issued by the Division on behalf of the Board of Regents. The resolution also authorizes the Division to prepare and publish a notice of bond sale for the bonds, authorizes the preparation and execution of a preliminary and a final official statement, and provides other details and authorizations in connection with the sale and issuance of the bonds.
The bonds will be secured by a pledge of bookstore revenues as set forth in the resolution authorizing the issuance of the bonds, adopted May 29, 1996. 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, AT THE REQUEST OF THE DIVISION OF
FACILITIES MANAGEMENT OF THE DEPARTMENT OF MANAGEMENT SERVICES,
AUTHORIZING THE USE OF EXCESS PROCEEDS REMAINING FROM THE SERIES
1993A AND 1994A FLORIDA FACILITIES POOL REVENUE BOND ISSUES FOR
CERTAIN RENOVATIONS TO THE SONY BUILDING, LOCATED IN FT. LAUDERDALE.
The Division of Bond Finance has previously issued the Series 1993C and 1996A Florida Facilities Pool Revenue Bonds, for purchase and renovation of the Sony Building. The Division of Facilities Management has requested that certain proceeds remaining from the Series 1993A and 1994A Florida Facilities Pool Revenue Bond issues be utilized for the financing of additional costs of renovations.
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
THREE MULTI-FAMILY HOUSING REVENUE BOND ISSUES [(A), (B) AND ©
BELOW], AND AUTHORIZING THE COMPETITIVE SALE (OR IF MARKET CONDITIONS
REQUIRE THE NEGOTIATED SALE) OF A SINGLE-FAMILY HOMEOWNER MORTGAGE
REVENUE BOND ISSUE [(D) BELOW] ON BEHALF OF AND AT THE REQUEST
OF THE FLORIDA HOUSING FINANCE AGENCY:
(A) Not exceeding $22,850,000 Florida Housing Finance Agency Housing Revenue Bonds, 1996 Series [to be designated] (Mariner Club Apartments Project).
(B) Not exceeding $7,750,000 Florida Housing Finance Agency Housing Revenue Bonds, 1996 Series [to be designated] (Tiffany Club Apartments Project).
(C) Not exceeding $8,925,000 Florida Housing Finance Agency Housing Revenue Bonds, 1996 Series [to be designated] (Woodbridge Apartments Project).
(D) Not exceeding $61,575,000 Florida Housing Finance Agency Homeowner Mortgage
Revenue Bonds, 1996 Series 3
5. REPORT OF AWARD OF $212,000,000 STATE OF FLORIDA, FULL FAITH
AND CREDIT, STATE BOARD OF EDUCATION, PUBLIC EDUCATION CAPITAL
OUTLAY BONDS, 1995 SERIES F, TO THE LOW BIDDER FOR SUCH BONDS.
The Division of Bond Finance was authorized to receive bids for these bonds, and award them to the low bidder, by resolutions adopted by the Governor and Cabinet. Bids were received at the offices of the Division of Bond Finance on July 23, 1996, and the bonds were awarded to the low bidder, Merrill Lynch & Co., which submitted a bid at an annual true interest cost rate of 5.7194 percent. The bonds were delivered on August 13, 1996.
A report and tabulation of bids is attached.
(Attachment #2)
6. REPORT OF AWARD OF $150,000,000 STATE OF FLORIDA, FULL FAITH
AND CREDIT, DEPARTMENT OF TRANSPORTATION RIGHT-OF-WAY ACQUISITION
AND BRIDGE CONSTRUCTION BONDS, SERIES 1996, TO THE LOW BIDDER
FOR SUCH BONDS.
The Division of Bond Finance was authorized to receive bids for these bonds, and award them to the low bidder, by resolutions adopted by the Governor and Cabinet. Bids were received at the offices of the Division on August 15, 1996, and the bonds were awarded to the low bidder, Goldman, Sachs & Co., which submitted a bid at an annual true interest cost rate of 5.5784 percent. The bonds were delivered on August 29, 1996.
A report and tabulation of bids is attached.
(Attachment #3)
7. REPORT OF AWARD OF BONDS ISSUED ON BEHALF OF THE FLORIDA HOUSING
FINANCE AGENCY
(A) $7,405,000 FLORIDA HOUSING FINANCE AGENCY, HOUSING REVENUE
BONDS, 1996 SERIES G (SPINNAKER COVE APARTMENTS PROJECT).
Pursuant to resolutions of the Governor and Cabinet sitting as the Governing Board of the Division of Bond Finance, the Division of Bond Finance on July 11, 1996 negotiated the sale of the bonds to an underwriting syndicate led by Smith Barney Inc., at an interest cost rate of 6.42% for the bonds. The bonds were delivered on July 23, 1996.
(B) $9,800,000 FLORIDA HOUSING FINANCE AGENCY, HOUSING REVENUE
BONDS, 1996 SERIES H (VILLAS OF CAPRI APARTMENTS PROJECT).
Pursuant to resolutions of the Governor and Cabinet sitting as the Governing Board of the Division of Bond Finance, the Division of Bond Finance on August 27, 1996 negotiated the sale of the bonds to an underwriting syndicate led by William R. Hough & Co., at an interest cost rate of 6.10% for the bonds. The bonds were delivered on August 30, 1996.
A report of award is attached.
(Attachment #4)