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.
What the county recorded
Staff recommendation
Approve
DispositionApproved
Approved Staff’s recommendation.
The source document
The county’s agenda for Board of County Commissioners, May 17, 2022
The published PDF, as served by the county. This item is one entry in it.
The county’s minutes for Board of County Commissioners, May 17, 2022
The published PDF, as served by the county. This item is one entry in it.
This case, across meetings
OMB-22-0023 in full →Heard once. OMB-22-0023 appears on no other agenda in the archive.
- May 17, 2022BoardR61▶Approvedthis item
What was said
Machine transcription of 1m of recording, 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.
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.
Okay, take a second. All in favor? Aye. Opposed?