OMB-23-0030

Published agenda

Heard once, at the Board of County Commissioners on Jul 11, 2023.

OutcomeApproved by the Board of County Commissioners on Jul 11, 2023

Approved the item per Staff’s recommendation by roll call vote.

Official title

A Resolution By The Board Of County Commissioners Of Pasco County, Florida Approving The Issuance Of Its Health Facilities Revenue Bonds (Gulfside Healthcare Services, Inc. Project), Series 2023, In An Aggregate Principal Amount Not To Exceed $12,000,000, Which Will Be Used For The Purpose Of Financing And Refinancing The Acquisition, Development, Construction, Equipping, Furnishing, And Improvement Of Medical Facilities Located Within Pasco County, Florida And Certain Other Matters Relating Thereto; And Providing 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. 88% of 25 lines carry a name. It shows what was said, not what was decided, and both the words and the names can be wrong.

1Jul 11, 2023
Board of County CommissionersP63Public hearingApproved
Approved minutes
Approved the item per Staff’s recommendation by roll call vote.
Open this item →
3m
Jack MarianoChair
Oh P fifty four, yes. Uh we're gonna move P fifty four to the end of the meeting, right before we hear the Comp uh the MP D request. The MP reject MP reject request of P sixty eight. Uh so let's go to P P uh P sixty three.
Unidentified speakerVoice A
P sixty three. We're jumping from fifty four to sixty.
We're skipping a
Ron OakleyVice Chair
lot
Unidentified speakerVoice A
there.
Kathryn Starkey
Okay, so P sixty three was advertised in the Tampa Bay Times on June fourteenth, twenty twenty three.
Ron OakleyVice Chair
P what?
Kathryn Starkey
Sixty three.
Jack MarianoChair
We're gonna just make a couple of changes.
Seth Weightman
Chapter sixty three.
Jack MarianoChair
No?
Bob
Yes. Hello, the item you have before you here is uh Cold Side Health Care's application for a TEFRA loan. TEFRA loan is a conduit loan, which means the money is not being borrowed from the county, simply flowing through the county. However, IRS regulations do require a public hearing and the approval of this application is your acknowledgement that this loan is done because it is in the public interest.
Kathryn Starkey
Do we have to do anything else?
Bob
But just if I could oh nothing here. And so Gulf Side is seeking to borrow $12 million for the construction of the Gulf Side Center for Hospice Care, which is located on Deer Park Drive in Newport Ridge. And for those at home, just wanted to re-emphasize that the county will have no obligation related to these bonds. The county is not responsible. For paying the debt service. There's no cost to the county, and Gulfside is not borrowing from Pasco
County. I would ask that the board open it up for public hearing afterwards. We we have Brooke Gonzalez from Brian Miller Olive, which is the county's bond counsel here. Linda Ward, CEO of Gulfside Healthcare, here is here, and of course Mr. Steinside has been deeply involved in this deal. And we are here to answer any questions after the public hearing if you have any.
Jack MarianoChair
Okay. Any questions? Yeah.
No one signed up. No one signed up. Anyone here to speak to Adam P sixty three?
District Five Chairman
Moved to approve.
Jack MarianoChair
Second. I have a motion and a second. Roll call vote.
Kathryn Starkey
District one, Commissioner Oakley.
Jack MarianoChair
Aye. District two,
Kathryn Starkey
Commissioner Weightman. Aye. District three, Commissioner Starkey. Aye. District four, Chairman Commissioner Bradford.
District five Chairman Mariano.
Jack MarianoChair
Thank you. Motion passes. Congratulations. Thanks for the great work you do, Linda.
And we want to do item P sixty six, Denise?