21941223 - Florida Administrative Rules, Law, Code, Register

Florida Department of State and Division of Library and Information Services


Notice: 21941223
Notice of Meeting/Workshop Hearing

Division:	Independent Colleges and Universities of Florida


Overview



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

DATE AND TIME:	Friday, June 14, 2019, 12:00 Noon – 1:00 p.m.

PLACE:	The Offices of: The Independent Colleges and Universities of Florida, 542 East Park Avenue, Tallahassee, Florida 32301, and by teleconference at (800) 719-7514 Conference Code 596984

Subject:	A. Consideration of a resolution authorizing: a. the sale, award and issuance of Educational Facilities Revenue Bonds (Ringling College Project), Series 2019, in an aggregate principal amount of not exceeding $48,000,000 for the purpose of making a loan of funds to Ringling College Of Art And Design, Inc. (the "Borrower") in order to finance, refinance and/or reimburse the cost of the acquisition, construction and equipping of educational facilities of the Borrower in the State of Florida, to fund any necessary reserves, to capitalize interest and to pay the costs of issuance of such bonds; providing that such Bonds will not constitute a debt, liability or obligation of the Authority or the State of Florida or any political subdivision or agency thereof, but will be payable solely from the revenues provided in the resolution; b. approving the forms of all documents to be executed in connection with the sale and issuance of the bonds; c. appointing a bond trustee; d. authorizing the Chair or Vice Chair of the Authority to award the sale of the bonds to the underwriter named in the resolution and approving the conditions and criteria of such sale; e. confirming the appointment of the Executive Director of the Authority as an Assistant Secretary for purposes of the bond transaction; and f. authorizing the appropriate officials, officers, employees and agents of the Authority to take all action necessary in order to sell, award and issue the bonds, subject to the conditions set out in the resolution. B. Consideration of a resolution authorizing: a. the sale, award and issuance of Educational Facilities Revenue Bonds (Beacon College Project), Series 2019, in an aggregate principal amount of not exceeding $23,000,000, for the purpose of making a loan of funds to Beacon College (the "Borrower") in order to (i) finance, refinance and/or reimburse the cost of the acquisition, construction and equipping of educational facilities of the Borrower in the State of Florida, to fund any necessary reserves, to capitalize interest and to pay the costs of issuance of such bonds and (ii) refinance bonds previously issued by the Authority for Beacon College; providing that such Bonds will not constitute a debt, liability or obligation of the Authority or the State of Florida or any political subdivision or agency thereof, but will be payable solely from the revenues provided in the resolution; C. approving the forms of all documents to be executed in connection with the sale and issuance of the bonds; D. appointing a bond trustee; E. authorizing the Chair or Vice Chair of the Authority to award the sale of the bonds to the underwriter named in the resolution and approving the conditions and criteria of such sale; F. confirming the appointment of the Executive Director of the Authority as an Assistant Secretary for purposes of the bond transaction; and G. authorizing the appropriate officials, officers, employees and agents of the Authority to take all action necessary in order to sell, award and issue the bonds, subject to the conditions set out in the resolution. H. Any other matters that may come before the Authority.


	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, (850)681-3188.

PRINT PUBLISH DATE:	6/6/2019 Vol. 45/110


REFERENCE MATERIALS:	No reference(s).

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Overview