15077988 - Florida Administrative Rules, Law, Code, Register

Florida Department of State and Division of Library and Information Services


Notice: 15077988
Notice of Meeting/Workshop Hearing

Division:	Kutak Rock LLP


Overview



	The Governor's Office announces a hearing to which all persons are invited.

DATE AND TIME:	October 15, 2014, 2:00 p.m.

PLACE:	The Capitol, Room 209, 400 South Monroe Street, Tallahassee, Florida

Subject:	The hearing will be held with respect to a plan of finance by the Public Finance Authority (the “Authority”) to issue its Revenue Bonds (AIDS Healthcare Foundation Project), Series 2014, in an aggregate principal amount not to exceed $25,000,000, in one or more series. The proceeds of the bonds issued under the plan of finance (the “Bonds”) will be used to: (a) finance, refinance or reimburse the costs of acquiring, constructing, renovating and equipping certain facilities set forth below; (b) provide one or more debt service reserve funds for the benefit of all or a portion of the Bonds, if deemed necessary or desirable; (c) pay a portion of the interest to accrue on the Bonds, if deemed necessary or desirable; (d) pay certain working capital expenditures, if deemed necessary or desirable; and (e) pay certain costs of issuance of the Bonds. The initial owner, operator or manager of the facilities described below will be the AIDS Healthcare Foundation or an affiliate thereof or related party thereto (the “Borrower”) which in all cases will be an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the “Code”). The proceeds of the Bonds will be loaned by the Authority to the Borrower and used to finance (i) a retail building - pharmacy / thrift store located at 1785 East Sunrise Boulevard, Ft. Lauderdale, Florida, in an amount not to exceed $1,750,000; (ii) a retail building - pharmacy / thrift store located at 2097 Wilton Drive, Ft. Lauderdale, Florida, in an amount not to exceed $1,250,000; (iii) a 4-story office building located at 700 SE 3rd Avenue, Ft. Lauderdale, Florida, and a 3-story office building located at 750 SE 3rd Avenue, Ft. Lauderdale, Florida, in an amount not to exceed $4,250,000; (iv) vacant land located at 2601 34th Street South, St. Petersburg, Florida, in an amount not to exceed $425,000; (v) a medical clinic building located at 2125 Illinois, Fort Myers, Florida, in an amount not to exceed $125,000; and (vi) a 1-story office building located at 2231/2243 McGregor Boulevard, Fort Myers, Florida, in an amount not to exceed $375,000. The balance of the proceeds of the Bonds will also be utilized to refinance facilities located in other jurisdictions. The Bonds will be limited obligations of the Authority payable solely from the loan repayments to be made by the Borrower to the Authority and certain funds and accounts established by the Indenture of Trust for the Bonds. The Bonds shall not constitute a debt, liability, or obligation of the State of Florida, or a pledge of the faith and credit of the State of Florida. The public hearing is required by Section 147(f) of the Code. At such public hearing there will be an opportunity for persons to express their views concerning the foregoing. Anyone may appear in person at such public hearing or submit written comments to be considered thereat.


	A copy of the agenda may be obtained by contacting: Ben Gibson, Assistant General Counsel, Office of Governor Rick Scott, State of Florida, The Capitol, Suite 209, Tallahassee, Florida 32399-0001, Telephone: (850) 717-9310

PRINT PUBLISH DATE:	9/18/2014 Vol. 40/182


REFERENCE MATERIALS:	No reference(s).

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Overview