11018829 - Florida Administrative Rules, Law, Code, Register

Florida Department of State and Division of Library and Information Services


Notice: 11018829
Notice of Meeting/Workshop Hearing

Division:	Bryant Miller Olive


Overview



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

DATE AND TIME:	February 24, 2012, 12:00 Noon

PLACE:	Bieberbach/Reed Conference Room, Cornell Campus Center, Campus of Rollins College, 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 on Friday, February 24, 2012, 12:00 Noon or as soon thereafter as practicable, in the Bieberbach/Reed Conference Room in the Cornell Campus Center, Campus of Rollins College, 1000 Holt Avenue, Winter Park, Florida 32789, to consider adoption of a resolution authorizing the issuance by the Authority of not to exceed $20,000,000 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) refinancing the outstanding principal amount of the $20,635,000 Orange County Educational Facilities Authority Educational Facilities Revenue Bonds, (Rollins College Project) Series 2002, the proceeds of which were primarily used by Rollins College to refund a portion of the then outstanding $38,350,000 Orange County Educational Facilities Authority Educational Facilities Revenue Bonds (Rollins College Project) Series 2001, the proceeds of which were used by Rollins College to (1) finance and refinance the costs of certain capital improvements for its educational facilities including, without limitation, the acquisition of Sutton Place South located at 500 Osceola Avenue, Winter Park, Florida and the renovation of certain residential halls located at 1000 Holt Avenue, Winter Park, Florida and (2) refinance the outstanding Orange County Educational Facilities Authority, Educational Facilities Revenue Bonds, Series 1999 (Rollins College Project), the proceeds of which were primarily used by Rollins College to finance and refinance the costs of certain capital improvements to its educational facilities, including facilities located at 203 East Lyman Avenue, Winter Park, Florida, 460 East Fairbanks Avenue, Winter Park, Florida, 430 East Lyman Avenue (land), Winter Park, Florida and 100 West Fairbanks Avenue, Winter Park, Florida, and (b) paying all or a portion of the costs associated with the issuance of the Bonds (items (a) and (b) are together referred to as the “Project”). All of the capital improvements being refinanced with the proceeds of the Bonds are owned by Rollins College. 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, 542 East Park Avenue, Tallahassee, Florida 32301, Attention: Secretary. Written comments should be mailed in sufficient time to be received on or before February 22, 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 10, 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:	2/10/2012 Vol. 38/06


REFERENCE MATERIALS:	No reference(s).

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Overview