Agenda Item Name:
Title
Capital Improvement Bonds Series 2020C for the Alachua County Agriculture and Equestrian Center
End
Presenter:
Tommy Crosby 337-6205; Todd Hutchison
Description:
$12.5 Million loan to complete the renovations and construction at the Alachua County Agriculture and Equestrian Center
Recommended Action:
Recommended Action
Approve the resolution authorizing issuance of Capital Improvement Revenue Bonds Series 2020C; approve the budget amendment recognizing the unanticipated revenue and appropriating the related expense.
Prior Board Motions:
N/A
Fiscal Consideration:
Fiscal Consideration
The total amount for the Ag. & Equestrian Center renovation and construction project is $20.7 million. $8.2 million is funded with existing cash on hand with the balance of $12.5 million funded through a loan. Loan proceeds and related expenses to be accounted for in Fund 325. (325.45.4502.552.)
Background:
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