e|agenda.NET Sarasota County Schools |
THE SCHOOL BOARD OF SARASOTA COUNTY, FLORIDA Landings Administrative Complex 1980 Landings Blvd. 6:30 P. M. |
Agenda Item #51 Title APPROVAL OF CORPORATE 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. The structure of the financing requires the Financing Corporation approve the leasing documents that include the Corporate Resolution and related Financing Documents attached as Exhibits to the Resolution (lease Schedule No. 2008, Series 2008 Supplemental Trust Agreement, Ground Lease, Second Amendment to Assignment of Lease Agreement and Official Notice of Sale). Recommendation That the Corporate Resolution and related Financing Documents be approved as presented. Contact N/A 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: Corporate Resolution 052208.pdf |