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Cabinet
Affairs |
AGENDA MEETING OF THE
STATE BOARD OF ADMINISTRATION
(Contact Person: Dorothy Westwood - 488-4406)
THE CAPITOL
JUNE 24, 1998 1. Approval of minutes of meeting held on May 28, 1998. (Att.
#1) 2. APPROVAL OF FISCAL DETERMINATION OF AN AMOUNT NOT EXCEEDING
$17,440,000 FLORIDA HOUSING FINANCE CORPORATION HOUSING REVENUE BONDS, 1998
SERIES (SERIES TO BE DESIGNATED) (WILLOW KEY APARTMENTS PROJECT): The Florida Housing Finance Corporation has submitted for approval
as to fiscal determination a proposal to issue an amount Not Exceeding $17,440,000
Florida Housing Finance Corporation Housing Revenue Bonds, 1998 Series (series
to be designated) (Willow Key Apartments Project) (the "Bonds") for
the purpose of financing the development and construction of a multifamily residential
rental development in Orange County, Florida, to be occupied by persons and
families of low, moderate and middle income. The Bonds shall not constitute an obligation, either general
or special, of the State or of any local government thereof; neither the State
nor any local government thereof shall be liable thereon. Neither the full faith,
revenue, credit nor taxing power of the State of Florida, or any local governments
thereof shall be pledged to the payment of the principal of, premium (if any),
or interest on the Bonds. The Bonds shall be payable as to principal, premium
(if any), and interest solely out of revenues and other amounts pledged therefor. RECOMMENDATION: A study of this proposal and of estimates of
revenue and other available moneys expected to accrue indicate that the issue
meets the requirements for the fiscal determination required by Section 420.505,
Florida Statutes, as stated in Article VII, Subsection 16(c) of the revised
Constitution of 1968, and the Executive Director recommends that the State Board
of Administration of Florida (the "Board") approve the fiscal determination
thereof. It is further recommended that, pursuant to the fiscal determination
requirements of Subsection 16(c) of Article VII of the revised Constitution
of 1968, the Board find and determine that in no State fiscal year will the
debt service requirements of the Bonds proposed to be
AGENDA
June 24, 1998
Page Two issued and all other bonds secured by the same pledged revenues
exceed the pledged revenues available for payment of such debt service requirements.
The Board has relied upon information from others but has not independently
verified the accuracy or completeness of such information. The Board does not
assume any responsibility for, and makes no warranty (express or implied) with
respect to any other aspect of this bond issue except for fiscal determination.
(Att. #2) 3. APPROVAL OF FISCAL DETERMINATION OF AN AMOUNT NOT EXCEEDING
$16,970,000 FLORIDA HOUSING FINANCE CORPORATION HOUSING REVENUE BONDS, 1998
SERIES (SERIES TO BE DESIGNATED) (CYPRESS TRACE APARTMENTS PROJECT): The Florida Housing Finance Corporation has submitted for approval
as to fiscal determination a proposal to issue an amount Not Exceeding $16,970,000
Florida Housing Finance Corporation Housing Revenue Bonds, 1998 Series (series
to be designated) (Cypress Trace Apartments Project) (the "Bonds")
for the purpose of financing the development and construction of a multifamily
residential rental development in Hillsborough County, Florida, to be occupied
by persons and families of low, moderate and middle income. The Bonds shall not constitute an obligation, either general
or special, of the State or of any local government thereof; neither the State
nor any local government thereof shall be liable thereon. Neither the full faith,
revenue, credit nor taxing power of the State of Florida, or any local governments
thereof shall be pledged to the payment of the principal of, premium (if any),
or interest on the Bonds. The Bonds shall be payable as to principal, premium
(if any), and interest solely out of revenues and other amounts pledged therefor. RECOMMENDATION: A study of this proposal and of estimates of
revenue and other available moneys expected to accrue indicate that the issue
meets the requirements for the fiscal determination required by Section 420.505,
Florida Statutes, as stated in Article VII, Subsection 16(c) of the revised
Constitution of 1968, and the Executive Director recommends that the State Board
of Administration of Florida (the "Board") approve the fiscal determination
thereof. It is further recommended that, pursuant to the fiscal determination
requirements of Subsection 16(c) of Article VII of the revised Constitution
of 1968, the Board find and determine that in no State fiscal year will the
debt service requirements of the Bonds proposed to be issued and all other bonds
secured by the same pledged revenues exceed the
AGENDA
June 24, 1998
Page Three pledged revenues available for payment of such debt service
requirements. The Board has relied upon information from others but has not
independently verified the accuracy or completeness of such information. The
Board does not assume any responsibility for, and makes no warranty (express
or implied) with respect to any other aspect of this bond issue except for fiscal
determination. (Att. #3) 4. APPROVAL OF FISCAL DETERMINATION OF AN AMOUNT NOT EXCEEDING
$16,585,000 FLORIDA HOUSING FINANCE CORPORATION HOUSING REVENUE BONDS, 1998
SERIES (SERIES TO BE DESIGNATED) (WESTCHASE APARTMENTS PROJECT): The Florida Housing Finance Corporation has submitted for approval
as to fiscal determination a proposal to issue an amount Not Exceeding $16,585,000
Florida Housing Finance Corporation Housing Revenue Bonds, 1998 Series (series
to be designated) (Westchase Apartments Project) (the "Bonds") for
the purpose of financing the development and construction of a multifamily residential
rental development in Lee County, Florida, to be occupied by persons and families
of low, moderate and middle income. The Bonds shall not constitute an obligation, either general
or special, of the State or of any local government thereof; neither the State
nor any local government thereof shall be liable thereon. Neither the full faith,
revenue, credit nor taxing power of the State of Florida, or any local governments
thereof shall be pledged to the payment of the principal of, premium (if any),
or interest on the Bonds. The Bonds shall be payable as to principal, premium
(if any), and interest solely out of revenues and other amounts pledged therefor. RECOMMENDATION: A study of this proposal and of estimates of
revenue and other available moneys expected to accrue indicate that the issue
meets the requirements for the fiscal determination required by Section 420.505,
Florida Statutes, as stated in Article VII, Subsection 16(c) of the revised
Constitution of 1968, and the Executive Director recommends that the State Board
of Administration of Florida (the "Board") approve the fiscal determination
thereof. It is further recommended that, pursuant to the fiscal determination
requirements of Subsection 16(c) of Article VII of the revised Constitution
of 1968, the Board find and determine that in no State fiscal year will the
debt service requirements of the Bonds proposed to be issued and all other bonds
secured by the same pledged revenues exceed the pledged revenues available for
payment of such debt service requirements.
AGENDA
June 24, 1998
Page Four The Board has relied upon information from others but has not
independently verified the accuracy or completeness of such information. The
Board does not assume any responsibility for, and makes no warranty (express
or implied) with respect to any other aspect of this bond issue except for fiscal
determination. (Att. #4) 5. APPROVAL OF FISCAL DETERMINATION OF AN AMOUNT NOT EXCEEDING
$14,000,000 FLORIDA HOUSING FINANCE CORPORATION HOUSING REVENUE BONDS, 1998
SERIES (ONE OR MORE SERIES TO BE DESIGNATED) (KENDALL COURT APARTMENTS PROJECT): The Florida Housing Finance Corporation has submitted for approval
as to fiscal determination a proposal to issue an amount Not Exceeding $14,000,000
Florida Housing Finance Corporation Housing Revenue Bonds, 1998 Series (one
or more series to be designated) (Kendall Court Apartments Project) (the "Bonds")
for the purpose of financing the development and construction of a multifamily
residential rental development in Duval County, Florida, to be occupied by persons
and families of low, moderate and middle income. The Bonds shall not constitute an obligation, either general
or special, of the State or of any local government thereof; neither the State
nor any local government thereof shall be liable thereon. Neither the full faith,
revenue, credit nor taxing power of the State of Florida, or any local governments
thereof shall be pledged to the payment of the principal of, premium (if any),
or interest on the Bonds. The Bonds shall be payable as to principal, premium
(if any), and interest solely out of revenues and other amounts pledged therefor. RECOMMENDATION: A study of this proposal and of estimates of
revenue and other available moneys expected to accrue indicate that the issue
meets the requirements for the fiscal determination required by Section 420.505,
Florida Statutes, as stated in Article VII, Subsection 16(c) of the revised
Constitution of 1968, and the Executive Director recommends that the State Board
of Administration of Florida (the "Board") approve the fiscal determination
thereof. It is further recommended that, pursuant to the fiscal determination
requirements of Subsection 16(c) of Article VII of the revised Constitution
of 1968, the Board find and determine that in no State fiscal year will the
debt service requirements of the Bonds proposed to be issued and all other bonds
secured by the same pledged revenues exceed the pledged revenues available for
payment of such debt service requirements.
AGENDA
June 24, 1998
Page Five The Board has relied upon information from others but has not
independently verified the accuracy or completeness of such information. The
Board does not assume any responsibility for, and makes no warranty (express
or implied) with respect to any other aspect of this bond issue except for fiscal
determination. (Att. #5) 6. APPROVAL OF FISCAL DETERMINATION OF AN AMOUNT NOT EXCEEDING
$8,800,000 FLORIDA HOUSING FINANCE CORPORATION HOUSING REVENUE BONDS, 1998 SERIES
(SERIES TO BE DESIGNATED) (BEACON HILL APARTMENTS PROJECT): The Florida Housing Finance Corporation has submitted for approval
as to fiscal determination a proposal to issue an amount Not Exceeding $8,800,000
Florida Housing Finance Corporation Housing Revenue Bonds, 1998 Series (series
to be designated) (Beacon Hill Apartments Project) (the "Bonds") for
the purpose of financing the development and construction of a multifamily residential
rental development in Orange County, Florida, to be occupied by persons and
families of low, moderate and middle income. The Bonds shall not constitute an obligation, either general
or special, of the State or of any local government thereof; neither the State
nor any local government thereof shall be liable thereon. Neither the full faith,
revenue, credit nor taxing power of the State of Florida, or any local governments
thereof shall be pledged to the payment of the principal of, premium (if any),
or interest on the Bonds. The Bonds shall be payable as to principal, premium
(if any), and interest solely out of revenues and other amounts pledged therefor. RECOMMENDATION: A study of this proposal and of estimates of
revenue and other available moneys expected to accrue indicate that the issue
meets the requirements for the fiscal determination required by Section 420.505,
Florida Statutes, as stated in Article VII, Subsection 16(c) of the revised
Constitution of 1968, and the Executive Director recommends that the State Board
of Administration of Florida (the "Board") approve the fiscal determination
thereof. It is further recommended that, pursuant to the fiscal determination
requirements of Subsection 16(c) of Article VII of the revised Constitution
of 1968, the Board find and determine that in no State fiscal year will the
debt service requirements of the Bonds proposed to be issued and all other bonds
secured by the same pledged revenues exceed the pledged revenues available for
payment of such debt service requirements. The Board has relied upon information
from others but has not independently
AGENDA
June 24, 1998
Page Six verified the accuracy or completeness of such information.
The Board does not assume any responsibility for, and makes no warranty (express
or implied) with respect to any other aspect of this bond issue except for fiscal
determination. (Att. #6) 7. APPROVAL OF FISCAL DETERMINATION OF AN AMOUNT NOT EXCEEDING
$6,900,000 FLORIDA HOUSING FINANCE CORPORATION HOUSING REVENUE BONDS, 1998 SERIES
(ONE OR MORE SERIES TO BE DESIGNATED) (THE CLUB AT VERO APARTMENTS PROJECT): The Florida Housing Finance Corporation has submitted for approval
as to fiscal determination a proposal to issue an amount Not Exceeding $6,900,000
Florida Housing Finance Corporation Housing Revenue Bonds, 1998 Series (one
or more series to be designated) (The Club at Vero Apartments Project) (the
"Bonds") for the purpose of financing the development and construction
of a multifamily residential rental development in Indian River County, Florida,
to be occupied by persons and families of low, moderate and middle income. The Bonds shall not constitute an obligation, either general
or special, of the State or of any local government thereof; neither the State
nor any local government thereof shall be liable thereon. Neither the full faith,
revenue, credit nor taxing power of the State of Florida, or any local governments
thereof shall be pledged to the payment of the principal of, premium (if any),
or interest on the Bonds. The Bonds shall be payable as to principal, premium
(if any), and interest solely out of revenues and other amounts pledged therefor. RECOMMENDATION: A study of this proposal and of estimates of
revenue and other available moneys expected to accrue indicate that the issue
meets the requirements for the fiscal determination required by Section 420.505,
Florida Statutes, as stated in Article VII, Subsection 16(c) of the revised
Constitution of 1968, and the Executive Director recommends that the State Board
of Administration of Florida (the "Board") approve the fiscal determination
thereof. It is further recommended that, pursuant to the fiscal determination
requirements of Subsection 16(c) of Article VII of the revised Constitution
of 1968, the Board find and determine that in no State fiscal year will the
debt service requirements of the Bonds proposed to be issued and all other bonds
secured by the same pledged revenues exceed the pledged revenues available for
payment of such debt service requirements. The Board has relied upon information
from others but has not independently
AGENDA
June 24, 1998
Page Seven verified the accuracy or completeness of such information.
The Board does not assume any responsibility for, and makes no warranty (express
or implied) with respect to any other aspect of this bond issue except for fiscal
determination. (Att. #7) 8. APPROVAL OF FISCAL DETERMINATION OF AN AMOUNT NOT EXCEEDING
$3,700,000 FLORIDA HOUSING FINANCE CORPORATION HOUSING REVENUE BONDS, 1998 SERIES
(SERIES TO BE DESIGNATED) (GULFSTREAM APARTMENTS PROJECT): The Florida Housing Finance Corporation has submitted for approval
as to fiscal determination a proposal to issue an amount Not Exceeding $3,700,000
Florida Housing Finance Corporation Housing Revenue Bonds, 1998 Series (series
to be designated) (Gulfstream Apartments Project) (the "Bonds") for
the purpose of financing the acquisition and rehabilitation of a multifamily
residential rental development in Broward County, Florida, to be occupied by
persons and families of low, moderate and middle income. The Bonds shall not constitute an obligation, either general
or special, of the State or of any local government thereof; neither the State
nor any local government thereof shall be liable thereon. Neither the full faith,
revenue, credit nor taxing power of the State of Florida, or any local governments
thereof shall be pledged to the payment of the principal of, premium (if any),
or interest on the Bonds. The Bonds shall be payable as to principal, premium
(if any), and interest solely out of revenues and other amounts pledged therefor. RECOMMENDATION: A study of this proposal and of estimates of
revenue and other available moneys expected to accrue indicate that the issue
meets the requirements for the fiscal determination required by Section 420.505,
Florida Statutes, as stated in Article VII, Subsection 16(c) of the revised
Constitution of 1968, and the Executive Director recommends that the State Board
of Administration of Florida (the "Board") approve the fiscal determination
thereof. It is further recommended that, pursuant to the fiscal determination
requirements of Subsection 16(c) of Article VII of the revised Constitution
of 1968, the Board find and determine that in no State fiscal year will the
debt service requirements of the Bonds proposed to be issued and all other bonds
secured by the same pledged revenues exceed the pledged revenues available for
payment of such debt service requirements. The Board has relied upon information
from others but has not independently verified the accuracy or completeness
of such information. The Board does not
AGENDA
June 24, 1998
Page Eight assume any responsibility for, and makes no warranty (express
or implied) with respect to any other aspect of this bond issue except for fiscal
determination. (Att. #8) 9. REPORTS BY THE EXECUTIVE DIRECTOR: Submitted for information and review are the investment performance
and fund balance analysis for the month of May 1998.