Sarasota County Schools
Agenda Item #43
Title
APPROVAL OF CORPORATE RESOLUTION AND RELATED FINANCING DOCUMENTS FOR SERIES 2010A
Description
The District anticipates issuing 2010A Certificates of Participation (Qualified School Construction Bonds Federally Taxable Issuer Subsidy) in an amount not to exceed $43,026,000, in connection with the design and construction of various additions and renovations to Booker High School. The structure of the financing requires the Financing Corporation to approve the leasing documents that include the Corporate Resolution and related Financing Documents attached as Exhibits to the Resolution (Ground Lease, Lease Schedule No. 2010A, Series 2010A Supplemental Trust Agreement, Third Amendment to Assignment of Lease Agreement, 2010A Preliminary Offering Statement, and Official Notice of Sale).
Recommendation
That the Corporate Resolution and related Financing Documents be approved as presented.
Contact
WHITE & CORCORAN
Financial Impact
N/A
Attachment: Exhibit_A_-_DOE_Allocation_Letter[1].pdf
Attachment: Exhibit_B_-_Form_of_Lease_Schedule_No._2010A[1].pdf
Attachment: Exhibit_C_-_Supplemental_Trust[1].pdf
Attachment: Exhibit_D_-_Ground_Lease_Agreement[1].pdf
Attachment: Exhibit_E_-_Purchaser's_Proposal[1].pdf
Attachment: Exhibit_F_-_Purchase_Agreement[1].pdf
Attachment: Exhibit_G_-_Third_Amendment_to_Assignment_of_Lease[1].pdf
Attachment: Exhibit_H_-_Assignment_of_Ground_lease[1].pdf
Attachment: Corporate_Resolution[1].pdf