e|agenda.NET Sarasota County Schools

THE SCHOOL BOARD OF SARASOTA COUNTY, FLORIDA Landings Administrative Complex 1980 Landings Blvd. 3:00 P.M.

November 15, 2011 Board Meeting Agenda Item #41 Title APPROVAL OF AMENDED FINANCING DOCUMENTS FOR SERIES 2009 CERTIFICATES OF PARTICIPATION Description The District anticipates there will be excess funds on deposit in the Series 2009 project account after completion of Atwater Elementary and SCTI Phases IA and II and desires to use such excess proceeds to complete additional capital improvements at SCTI (Phase III).  The structure of the financing requires the School Board to approve the amended leasing documents to extend the estimated completion date to modify the Project Description, Project Budget, and Project Schedule  and amend the ground lease to provide for the addition of SCTI Phase III. Recommendation That the School Board of Sarasota County approve the amended Financing Documents for Series 2009 as presented. Contact WHITE & CORCORAN Financial Impact N/A Attachment:  Ground Lease - 1st Amendment (SCTI Phase III) (11-2011).pdf Attachment:  Lease Schedule No. 2009 - 1st Amendment (SCTI Phase III) (11-2011).pdf Attachment:  Memo of Ground Lease - 1st Amendment (SCTI Phase III) (11-2011).pdf