10987789 - Florida Administrative Rules, Law, Code, Register

Florida Department of State and Division of Library and Information Services


Notice: 10987789
Notice of Meeting/Workshop Hearing

Division:	Bryant Miller Olive


Overview



	The Higher Educational Facilities Financing Authority announces a public meeting to which all persons are invited.

DATE AND TIME:	February 15, 2012, 12:00 Noon

PLACE:	Cornell Campus Center, Rollins College, Bieberbach/Reed Conference Room, 1000 Holt Avenue, Winter Park, Florida 32789

Subject:	For the purpose of Section 147(f) of the Internal Revenue Code of 1986, as amended (the “Code”), notice is hereby given that the Higher Educational Facilities Financing Authority (the “Authority”) will hold a public meeting and hearing to consider adoption of a resolution authorizing the issuance by the Authority of not to exceed $40,000,000 initial aggregate principal amount of its Higher Educational Facilities Financing Authority Revenue Bonds (Rollins College Project) in one or more series (the “Bonds”). The proceeds of the Bonds will be loaned to Rollins College for the following purposes: (a) financing an addition to and major renovation of the 90,000 square foot Bush Science Center, (b) financing the completion of the renovations of Phase I and II of the Strong Residence Hall for students, (c) financing improvements to the Cornell Campus Center, (d) financing various capital improvements to Rollins College’s educational facilities including, but not limited to, infrastructure improvements called for in the Rollins College Campus Master Plan; and (e) paying all or a portion of the costs associated with the issuance of the Bonds (items (a), (b), (c) and (d) are together referred to as the “Project”). All of the capital improvements being financed with the proceeds of the Bonds will be owned by Rollins College and will be located on or contiguous to Rollins College’s main campus at 1000 Holt Avenue, Winter Park, Florida. The Bonds shall be payable solely from the revenues derived by the Authority from a loan agreement and other financing documents between the Authority and Rollins College. Such Bonds and the interest thereon shall not constitute an indebtedness of the Authority within the meaning of any constitutional provision or limitation or pledge of the general credit or taxing power of the Authority, the State of Florida or any political subdivision or agency thereof. Issuance of the Bonds shall be subject to several conditions including satisfactory documentation, the approval by bond counsel as to the tax-exempt status of the interest on all or a portion of the Bonds and receipt of necessary approvals for the financing. The aforementioned meeting and hearing will be conducted in a manner that provides a reasonable opportunity to be heard for persons with different views of both the issuance of the Bonds and the Project. Persons wishing to express their views may appear at the hearing or may submit their views in writing regarding the proposed issuance of the Bonds and the Project. Oral comments will be limited to presentations of ten (10) minutes per person. Any written submissions should be sent to: The office of the Higher Educational Facilities Financing Authority, 111 S. Monroe Street, Tallahassee, Florida 32301, Attention: Secretary. Written comments should be mailed in sufficient time to be received on or before February 13, 2012 at 12:00 Noon. Comments made at the hearing are for the consideration of the members of the Authority and will not bind any legal action to be taken by the Authority. ALL PERSONS FOR OR AGAINST SAID APPROVAL CAN BE HEARD AT SAID TIME AND PLACE. IF A PERSON DECIDES TO APPEAL ANY DECISION MADE BY THE AUTHORITY WITH RESPECT TO SUCH 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. In accordance with the Americans with Disabilities Act (ADA), if any person with a disability as defined by the ADA needs special accommodation to participate in this proceeding, he or she should contact Rollins College no later than five (5) days prior to the proceeding in writing at the address given in this notice, Attention: Vice President for Business and Finance, or via telephone at (407)646-2117. Subsequent to the public hearing, the Governor of Florida will be required to approve the Bonds, in accordance with Section 147(f) of the Code, prior to issuance thereof by the Authority. Dated: February 1, 2012 Higher Educational Facilities Financing Authority By: Ben Donatelli Title: Secretary/Treasurer


	A copy of the agenda may be obtained by contacting: Melissa Armstrong, Independent Colleges and Universities of Florida, 542 East Park Avenue, Tallahassee, Florida 32301, Telephone: (850)681-3188.

PRINT PUBLISH DATE:	2/3/2012 Vol. 38/05


REFERENCE MATERIALS:	No reference(s).

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Overview