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Pasco Countymeeting record

OMB-22-0023

Published agenda

Heard once, at the Board of County Commissioners on May 17, 2022.

OutcomeApproved by the Board of County Commissioners on May 17, 2022
Approved Staff’s recommendation.

Official title

Authorizing The Issuance Of Not To Exceed $6,000,000.00 Pasco County, Florida Half-Cent Sales Tax Revenue Bond, Series 2022A To Refinance A Portion Of The County’s Outstanding Half-Cent Sales Tax Revenue Bond And To Pay Associated Transactional Costs; Providing For Covenants With Respect To The Bondholder; Providing That Such Bond Shall Be A Limited Obligation Of The County Payable Solely From And Secured By A Lien Upon And A Pledge Of The Pledged Funds; Providing Certain Other Matters In Connection Therewith; And Providing For An Effective Date.

Every appearance1 of 1 are in a recording

TranscriptWhat was said at each appearance is below it. Machine transcription, with speaker names inferred from voice matching. 100% of 2 lines carry a name. It shows what was said, not what was decided, and both the words and the names can be wrong.

  1. 1
    Board of County CommissionersR61Regular businessApproved
    Approved minutes

    Approved Staff’s recommendation.

    Open this item →
    1m
    Bob

    R61 is a refunding of a six million dollar half cent sales tax loan. The current loan is at a five percent interest rate. We can take care of the take advantage of the interest rates to get the current interest rate of 2.52%. That would save us approximately $650,000 over the term of the loan. The term of the loan was The original loan was to go through 2028. We have not extended the loan, so we are hoping to save up to six hundred fifty thousand dollars with this refunding.

    Kathryn StarkeyChair

    Okay, take a second. All in favor? Aye. Opposed?