25560487 - Florida Administrative Rules, Law, Code, Register

Florida Department of State and Division of Library and Information Services


Notice: 25560487
Notice of Meeting/Workshop Hearing

Division:	Higher Educational Facilities Financing Authority


Overview



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

DATE AND TIME:	Monday, February 28, 2022 11:00 a.m. - 12:00 Noon Eastern Time

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

Subject:	A. Consideration of a resolution authorizing: a. The issuance of revenue bonds of the Authority in an aggregate principal amount of not exceeding $65,000,000 as follows: i. Higher Educational Facilities Financing Authority Educational Facilities Revenue Bond (Barry University Project), Series 2022A, for the purpose of making a loan of funds to Barry University, Inc. (the "Borrower") in order to finance, refinance and reimburse the cost of the acquisition, construction and equipping of higher 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; ii. Higher Educational Facilities Financing Authority Educational Facilities Revenue Bond (Barry University Project), Series 2022B, for the purpose of making a loan of funds to the Borrower in order to refinance the cost of the acquisition, construction and equipping of higher educational facilities of the Borrower in the State of Florida and to pay the costs of issuance of such bonds; and iii. Higher Educational Facilities Financing Authority Educational Facilities Revenue Bond (Barry University Project), Series 2022C, for the purpose of making a loan of funds to the Borrower in order to refinance the cost of the acquisition, construction and equipping of higher educational facilities of the Borrower in the State of Florida and to pay the costs of issuance of such bonds; b. Providing that such Bonds shall not constitute a debt, liability or obligation of the authority or the State of Florida or any political subdivision or agency thereof, but shall be payable solely from the revenues provided for in the Resolution and bond documentation; c. Approving the forms, and authorizing the execution and delivery of financing agreements with the Borrower and the bondholder; approving the forms and authorizing the execution and delivery of Tax Regulatory Agreements with the Borrower; d. Approving the form of and authorizing the execution and delivery of a Forward Delivery Bond Purchase Agreement; e. Authorizing the Chair or Vice Chair of the Authority to award the sale of the Bonds to the Bondholder described therein, and f. Approving the conditions and criteria of such sale; and providing certain other details in connection therewith. B. Authorizing the appropriate officials and officers of the Authority to take all necessary further actions to authorize, sell and deliver the Barry University Series 2022 Bonds. C. Consideration of the application of St. Thomas University (the University) for tax-exempt financing in the form of a direct purchase tax-exempt bank loan of up to $50,500,000, the proceeds of which will be used to: a. Refinance the University’s existing Series 2009 Bond (which was issued by the Authority and proceeds of which were used to refinance prior debt and financing new capital expenditures on the University’s campus (approximately $21,900,000); b. Refinance the University’s obligations under an existing 2019 taxable bank loan, the proceeds if which were used to provide for improvements to the University’s Gus Machado College of Business (approximately $12,200.000); c. Refinance the University’s obligations under an existing capital lease by acquiring the leased facility, a dormitory (Murphy Hall) on the University’s campus, (approximately $5,300,000); d. Finance new capital expenditures (approximately $10,000,000); and e. Fund transaction costs and pay the costs of issuance of the Series 2022 Bond (approximately $500,000). D. Conduct a public hearing to receive comments from the public on the proposed issuance by the Authority of its revenue bonds in the aggregate principal amount of not to exceed $50,500,000 to finance and refinance the cost of higher education facilities for St. Thomas University as further detailed in a separate public hearing notice. E. Consideration of a resolution of the Authority expressing its intent and preliminary approval to issue bonds of the Authority of the purposes described above in one or more series in a maximum aggregate principal amount of $50,500,000. F. Any other matters that may come before the Authority.


	A copy of the agenda may be obtained by contacting: Danie Griffin-Turner, Independent Colleges and Universities of Florida,542 E Park Ave, Tallahassee, Florida 32301 (850) 681.3188.

PRINT PUBLISH DATE:	2/14/2022 Vol. 48/30


REFERENCE MATERIALS:	No reference(s).

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Overview