File #: 20-0814    Version: 1
Type: Consent Item Status: Agenda Ready
File created: 9/11/2020 In control: Board of County Commissioners
On agenda: 9/22/2020 Final action:
Title: Capital Improvement Bonds Series 2020C for the Alachua County Agriculture and Equestrian Center
Attachments: 1. Project -Funding Split Needed, 2. Loan Agreement.2bl clean draft.pdf, 3. Loan Agreement.2bl strike.pdf, 4. Resolution.3bl clean draft.pdf, 5. Resolution.3bl strike.pdf, 6. BA - Debt Issue.pdf
Related files: 21-0695
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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Agenda Item Name:

Title

Capital Improvement Bonds Series 2020C for the Alachua County Agriculture and Equestrian Center

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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.

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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.)

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