(11:30 AM Time Certain) A Resolution Of The Board Of County Commissioners Of Pasco County, Florida Supplementing Resolution No. 20- 221 And Authorizing The Issuance Of Its Not To Exceed $100,000,000 In Aggregate Principal Amount Of Pasco County, Florida Second Local Option Fuel Tax Refunding Revenue Bonds, Series 2021 For The Purpose Of (I) Financing, Refinancing And/Or Reimbursing The Costs Of Designing, Permitting, Acquiring, Constructing, Reconstructing And/Or Equipping Of Capital Improvements To Sunlake Boulevard, (II) Refinancing The County’s Outstanding Second Local Option Fuel Tax Refunding Revenue Bond, Series 2020, And (III) Paying The Cost Of Issuance Of Such Bonds; Approving The Form Of The Bond Purchase Agreement, Preliminary Official Statement, Registrar And Paying Agent Agreement, And Disclosure Dissemination Agent Agreement; Authorizing The Execution And Delivery Of A Bond Purchase Agreement, Final Official Statement, Registrar And Paying Agent Agreement And Disclosure Dissemination Agent Agreement; Delegating To The Chairman Authority To Award The Sale Of The Bonds To The Underwriters Named Herein Pursuant To A Negotiated Sale And Subject To The Conditions And Terms Set Forth Herein And In The Bond Purchase Agreement; Appointing A Paying Agent And Registrar; Authorizing Certain Officials Of The County To Execute Any Document Or To Take Any Actions Required To Offer The Bonds At Negotiated Sale And In Connection With The Issuance Of Said Bonds; Authorizing The Options To Insure All, A Portion, Or None Of The Bonds And/Or To Fund A Reserve Account Subaccount With Cash Or A Surety Bond, Based On The Advice Of The Financial Advisor; Expressing Its Intention To Be Reimbursed From The Proceeds Of The Bonds For Any Costs Incurred In Connection With The 2021 Project Prior To The Issuance Of The Bonds; Providing Certain Other Matters In Connection Therewith; Providing For The Severability Of Parts Hereof If Declared Invalid; And Providing For An Effective Date.

39:58So R forty five. Oh R forty five.

40:02Pardon? Should we go over sign?

40:04Yeah, just take turns. Catherine, you want to sign up for then we'll just keep taking time too. Okay. I don't know if that's is that one of the thicker ones? That was like the we won't show up that's getting staggered.

40:18And I don't think the mayor is getting here until right about eleven forty five. About so so do call Adam Adam first. We'll do Adam first. first. All right. And then we'll go to Mark if we have time. All right. Can you have traffic?

40:33Thank you, sir. I have other exercises later.

40:36Oh yeah, okay. Good. Yourself? Yeah, oh yeah. We're gonna Chairman Mariano take that with them, so everybody's gonna sign it real quick.

40:47Oh, okay.

40:48Yeah, if you don't mind.

40:52Mr. Mariano's way to the wing over there.

41:02I wanted to get the picture again.

41:08Yeah, yeah, yeah. That's why I figured you'd sign it now and you can Take it with you. I'm gonna I'm gonna take a picture, everybody signs it too.

41:16Okay. Do you want a picture of of the examining again with it?

41:20No, no, I'm just gonna take a picture of everybody's signing. I got it. Yeah, yeah. I'll send it to you.

41:28Yeah, I just wanna uh see the layout. Figure out where the trail crossings are gonna be.

41:40Yeah.

41:44Like the bio on it.

41:51Andy, can you come write it for me? I they can't read my writing. I'm just kidding.

41:58Give me my own writing.

42:18Where'd they go?

42:21He's waiting right there to take it when we're done.

42:24Oh, okay.

43:52Okay, do that. Yeah. Mr. Chairman Mariano. I can hear. Go ahead.

43:57Okay. We're going to go to um R forty five.

44:03All right. Good morning, Mr. Chairman Member of the Commission. Pasco County Budget Director. R forty-five is a companion item to item R41, which has just been approved. And as Mr. Cronin explained earlier, the financing of Sun Lake Boulevard. Is a precondition for Moffat to commence phase one of construction. Uh the item before you would allow staff to pursue that financing for the construction of Sun Lake Boulevard extension. Mr. Chairman, your permission, I'd like to read the title of the resolution for

44:34the record.

44:35Okay.

44:36Uh this is a resolution of the Board of County Commissioners of Pasco County, Florida, supplementing resolution number 20-221 and authorizing the issuance of its not to exceed $100 million in aggregate principal amount of Pasco County, Florida, second local option, fuel tax refunding revenue bonds, series 20-21, for the purpose of one financing, refinancing, and or reimbursing the cost of designing, permitting, acquiring. constructing, reconstructing and or equipping of capital improvements to Sun Lake Boulevard, two, refinancing

45:06the county's outstanding second local option fuel tax refunding revenue bond series 2020, and three, paying the cost of issuance of such bonds. Approving the form of the bond purchase agreement, preliminary official statement, registrar and paying agent agreement, and disclosure dissemination agreement, authorizing the execution and delivery of a bond purchase agreement, final official statement, registrar and paying agent agreement, and disclosure dissemination agent agreement, delegating to the chairman authority to award the sale of the bonds

45:37to the underwriter named herein pursuant. to a negotiated sale and subject to the conditions and terms set forth herein. and in the bond purchase agreement. Appointing a paying agent and registrar, authorizing certain officials of the county to execute any document or to take any action required to offer the bonds at negotiated sale and in connection with the issuance of said bonds, authorizing the options to ensure all, a portion, or none of the bonds and or the fund to fund a reserve account, subaccount with cash or a surety bond based on

46:07the advice of the financial advisor. expressing its intention to be reimbursed from the proceeds of the bonds for any costs incurred in connection with the twenty twenty project prior to the issuance of the bonds, providing certain other matters in connection therewith, providing for the severability of parts hereof if declared invalid, and providing for an effective date. Mr. Chair, with that the staff recommends approval of this resolution.

46:34Got a motion. Second. And a second. All those in favor say aye. Aye. Aye. All opposed like sign. Motion passed five zero. Thank you.