10641499 - Florida Administrative Rules, Law, Code, Register

Florida Department of State and Division of Library and Information Services


Notice: 10641499
Notice of Meeting/Workshop Hearing

Division:	Florida Local Government Finance Commission


Overview



	The Florida Local Government Finance Commission announces a hearing to which all persons are invited.

DATE AND TIME:	December 1, 2011, 9:00 a.m.

PLACE:	2502 Rocky Point Drive, Suite 1060, Tampa, Florida 33607

Subject:	YOU ARE HEREBY NOTIFIED that on the 1st day of December, 2011, at 9:00 a.m. (or as soon thereafter as the same may be heard), a public hearing (the “Hearing”) will be held at the offices of Nabors, Giblin & Nickerson, P.A., 2502 Rocky Point Drive, Suite 1060, Tampa, Florida 33607, with respect to the issuance by the Florida Local Government Finance Commission (the “Issuer”) of its Florida Local Government Finance Commission Pooled Commercial Paper Notes, Series B (Chase Bank Program) (the “Notes”) on the proposed issuance by the Manatee County Port Authority (the “Port Authority”) Revenue Note, Draw No. B-2-1 (Chase Bank Program) in the principal amount of not exceeding $4,975,000 and the loan of the proceeds thereof (the “Port Loan”) to the Authority. The Hearing will be conducted by Counsel to the Issuer. The Port Authority now owns, operates and maintains a navigable port of entry known as the “Port Manatee” including storage, dockage and terminal facilities, an administrative building, warehouses, docks, jetties, quay walls, slips, roadways and parkways and other facilities, by means of which general import and export, storage and passenger cruise line businesses are conducted (herein collectively, the “Port Facilities”). The Port Facilities are located in the northwestern portion of the County at Port Manatee whose headquarters are located at 300 Regal Cruise Way, Suite 1, Palmetto, Florida 34221, on approximately 1,150 acres of land being bounded on the East by CSX railroad tracks, on the West by the Gulf of Mexico, on the South by State owned land, and on the North by the Hillsborough County line. The Port Authority owns all improvements to the Port Facilities to be refinanced with the Notes. The proceeds of the Notes in the amount of $4,975,000 will be loaned to the Port Authority and applied to refinance existing loans of the Port Authority, the proceeds of which were used to finance a portion of the cost of any of the following capital improvements: Berth 5 Improvements. The existing Berth 5 with an adjacent dredged depth of approximately 18 feet is being dredged to a depth of approximately 40 feet and the dock and structure of said berth are being renovated to accommodate increased depth of the adjacent waters. Berth 12 Improvements. The existing Berth 12 which accommodates only shallow draft barges and other similar vessels is being enlarged and the adjacent waters are being dredged to a depth of approximately 40 feet to accommodate larger deep draft vessels. Warehouse Intermodal Office Complex. A 3-story facility of 45,000 square feet, of which the first floor contains approximately 12,000 square feet of usable warehouse space, the second and third floors provide approximately 24,000 square feet of usable office space was constructed. Site work, including road access, utilities, drainage and parking was included. Intermodal Transit Warehouse at Berth 9. An intermodal transit warehouse at Berth 9 of approximately 150,000 square feet with approximately 5,000 square feet of office space, approximately 20,000 square feet of truck loading dock area and extension of rail siding to the facility was constructed. Intermodal Access and Improvements to Newly Acquired Port Property. These improvements involve access and basic initial improvements to a newly acquired property. There are four aspects: (1) immediate road access; (2) extension of utilities; (3) road and infrastructure; and (4) rail bridge access. Railroad Interchange Trackage. Expansion of the railroad interchange trackage between Port Manatee’s switching railroad and the CSX Transportation System. This trackage system parallels U.S. Highway 41 by the entrance to Port Manatee. Cold Storage Warehouse. A 65,340 square foot warehouse, of which 49,500 square feet would be chilled space and the balance would be vestibules and truck loading dock areas in the vicinity of Berth 11. The remaining portion of the Notes was loaned to the Authority and applied to finance the labor, materials and equipment to construct a dry storage intermodal transit warehouse commonly referred to as Warehouse 11. The Warehouse 11 is located on the south side of Del Monte Way, across from the Regal Cruise Terminal. The Notes do not constitute a general indebtedness or obligation of the Issuer within the meaning of any constitutional or statutory provision or limitation, but shall be generally payable from and secured by the loan repayments made by the Port Authority to the Issuer pursuant to the Port Loan. The Port Loan is payable from and secured by revenues of the Port Authority and will also be secured by a covenant of the County to budget and appropriate non-ad valorem revenues whenever the other sources are insufficient or unavailable. The Port Loan will not be or constitute an indebtedness of the Port Authority, the County, the State of Florida or any political subdivision thereof within the meaning of any constitutional, statutory or other limitation of indebtedness. The aforementioned meeting shall be a public meeting and all persons who may be interested will be given an opportunity to be heard concerning the same. Written comments may also be submitted to: Pete Ramsden, Interim Chairman, Florida Local Government Finance Commission, c/o Sarasota County Finance, 1660 Ringling Boulevard, Sarasota, Florida 34230, and Steven E. Miller, Esq., Nabors, Giblin & Nickerson, P.A., 2502 Rocky Point Drive, Suite 1060, Tampa, Florida 33607, prior to the hearing. All persons for or against said proposal can be heard at said time and place. If a person decides to appeal any decision made by the issuer with respect to such hearing or meeting, (s)he will need to ensure that a verbatim record of such hearing or meeting is made, which record includes the testimony and evidence upon which the appeal is based.


	A copy of the agenda may be obtained by contacting: Steven E. Miller, Nabors, Giblin & Nickerson, P.A., 2502 Rocky Point Drive, Suite 1060, Tampa, Florida 33607, phone (813)281-2222. In accordance with the Americans with Disabilities Act, persons needing a special accommodation to participate in this proceeding should contact: Steven E. Miller, Nabors, Giblin & Nickerson, P.A., 2502 Rocky Point Drive, Suite 1060, Tampa, Florida 33607, phone (813)281-2222, no later than seven days prior to the proceeding at the address given in this notice. FLORIDA LOCAL GOVERNMENT FINANCE COMMISSION /s/ Peter H. Ramsden Interim Chairman

PRINT PUBLISH DATE:	11/18/2011 Vol. 37/46


REFERENCE MATERIALS:	No reference(s).

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Overview