Sarasota County Schools
Agenda Item #48
Title
APPROVAL OF CERTIFICATE RESOLUTION AND RELATED FINANCING DOCUMENTS
Description
The District anticipates issuing Series 2008 Certificates of Participation in an amount not to exceed $96 million in connection with the design and construction of Elementary I (North Port 5th Elementary) and Sarasota County Technical Institute Phases IA/II. Prior to the District entering into a debt instrument, the Board is required to approve the leasing documents that include the Certificate Resolution and related Financing Documents attached as Exhibits to the Resolution (Ground Lease, Lease Schedule No. 2008, Series 2008 Supplemental Trust Agreement, Second Amendment to Assignment of Lease Agreement, Preliminary Offering Statement, and Official Notice of Sale).
Recommendation
That the School Board of Sarasota County approve the Certificate Resolution and related Financing Documents as presented.
Contact
CORCORAN & HENEGAR
Financial Impact
Revenue in the form of proceeds of Certificates of Participation, along with any premiums or discounts on Certificates of Participation, in an amount not to exceed $96,000,000.
Attachment: Certificate Resolution 05 3.pdf