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AGENDA
MEETING
OF THE
STATE BOARD OF ADMINISTRATION
(Contact Person: Dorothy Westwood - (850) 488-4406)
212 KNOTT BUILDING
October 30, 2001
1.
APPROVAL OF MINUTES OF MEETING HELD OCTOBER 16, 2001. (Att. #1)
2.
APPROVAL OF FISCAL DETERMINATION OF AMOUNTS NOT EXCEEDING $8,440,000
TAX EXEMPT AND $2,830,000 TAX EXEMPT SUBORDINATE FLORIDA HOUSING
FINANCE CORPORATION MULTIFAMILY REVENUE REFUNDING BONDS, 2001 SERIES
(SERIES TO BE DESIGNATED) (ISLAND CLUB APARTMENTS):
The
Florida Housing Finance Corporation has submitted for approval as
to fiscal determination a proposal to issue amounts Not Exceeding
$8,440,000 Tax Exempt and $2,830,000 Tax Exempt Subordinate Florida
Housing Finance Corporation Multifamily Revenue Refunding Bonds,
2001 Series (series to be designated) (the Bonds) for the purpose
of refunding the Florida Housing Finance Agency Multi-Family Housing
Revenue Bonds, 1990 Series B (Island Club Apartments) (Volusia County,
Florida).
The
Bonds shall not constitute an obligation, either general or special,
of the State or of any local government thereof; neither the State
nor any local government thereof shall be liable thereon. Neither
the full faith, revenue, credit nor taxing power of the State of
Florida, or any local governments thereof shall be pledged to the
payment of the principal of, premium (if any), or interest on the
Bonds. The Bonds shall be payable as to principal, premium (if any),
and interest solely out of revenues and other amounts pledged therefor.
RECOMMENDATION:
A study of this proposal and of estimates of revenue and other available
moneys expected to accrue indicate that the issue meets the requirements
for the fiscal determination required by Section 420.509, Florida
Statutes, as stated in Article VII, Subsection 16(c) of the revised
Constitution of 1968, and the Executive Director recommends that
the State Board of Administration of Florida (the "Board")
approve the fiscal determination thereof. It is further recommended
that, pursuant to the fiscal determination requirements of Subsection
16(c) of Article VII of the revised Constitution of 1968, the Board
find and determine that in no State fiscal year will the debt service
requirements of the Bonds proposed to be issued and all other bonds
secured by the same pledged revenues exceed the pledged revenues
available for payment of such debt service
STATE BOARD OF ADMINISTRATION
AGENDA
October 30, 2001
Page two
requirements.
The Board has relied upon information from others but has not independently
verified the accuracy or completeness of such information. The Board
does not assume any responsibility for, and makes no warranty (express
or implied) with respect to any other aspect of this bond issue
except for fiscal determination. (Att. #2)
3.
APPROVAL OF FISCAL DETERMINATION OF AMOUNTS NOT EXCEEDING $13,500,000
TAX EXEMPT AND $6,735,000 TAX EXEMPT SUBORDINATE FLORIDA HOUSING
FINANCE CORPORATION MULTIFAMILY REVENUE REFUNDING BONDS, 2001 SERIES
(SERIES TO BE DESIGNATED) (REFLECTIONS APARTMENTS):
The
Florida Housing Finance Corporation has submitted for approval as
to fiscal determination a proposal to issue amounts Not Exceeding
$13,500,000 Tax Exempt and $6,735,000 Tax Exempt Subordinate Florida
Housing Finance Corporation Multifamily Revenue Refunding Bonds,
2001 Series (series to be designated) (the Bonds) for the purpose
of refunding the Florida Housing Finance Agency Multi-Family Housing
Revenue Bonds, 1990 Series D (Reflections Apartments) (Hillsborough
County, Florida).
The
Bonds shall not constitute an obligation, either general or special,
of the State or of any local government thereof; neither the State
nor any local government thereof shall be liable thereon. Neither
the full faith, revenue, credit nor taxing power of the State of
Florida, or any local governments thereof shall be pledged to the
payment of the principal of, premium (if any), or interest on the
Bonds. The Bonds shall be payable as to principal, premium (if any),
and interest solely out of revenues and other amounts pledged therefor.
RECOMMENDATION:
A study of this proposal and of estimates of revenue and other available
moneys expected to accrue indicate that the issue meets the requirements
for the fiscal determination required by Section 420.509, Florida
Statutes, as stated in Article VII, Subsection 16(c) of the revised
Constitution of 1968, and the Executive Director recommends that
the State Board of Administration of Florida (the "Board")
approve the fiscal determination thereof. It is further recommended
that, pursuant to the fiscal determination requirements of Subsection
16(c) of Article VII of the revised Constitution of 1968, the Board
find and determine that in no State fiscal year will the debt service
requirements of the Bonds proposed to be issued and all other bonds
secured by the same pledged revenues exceed the pledged revenues
available for payment of such debt service requirements. The Board
has relied upon information from others but has not
STATE BOARD OF ADMINISTRATION
AGENDA
October 30, 2001
Page three
independently
verified the accuracy or completeness of such information. The Board
does not assume any responsibility for, and makes no warranty (express
or implied) with respect to any other aspect of this bond issue
except for fiscal determination. (Att. #3)
4.
APPROVAL OF FISCAL DETERMINATION OF AN AMOUNT NOT EXCEEDING $10,620,000
TAX EXEMPT FLORIDA HOUSING FINANCE CORPORATION HOUSING REVENUE REFUNDING
BONDS, 2001 SERIES (SERIES TO BE DESIGNATED) (LAKE FOREST APARTMENTS):
The
Florida Housing Finance Corporation has submitted for approval as
to fiscal determination a proposal to issue an amount Not Exceeding
$10,620,000 Tax Exempt Florida Housing Finance Corporation Housing
Revenue Refunding Bonds, 2001 Series (series to be designated) (the
Bonds) for the purpose of refunding the Florida Housing Finance
Agency Multi-Family Housing Revenue Bonds, 1985 Series BBB (Lake
Forest Apartments) (Volusia County, Florida).
The
Bonds shall not constitute an obligation, either general or special,
of the State or of any local government thereof; neither the State
nor any local government thereof shall be liable thereon. Neither
the full faith, revenue, credit nor taxing power of the State of
Florida, or any local governments thereof shall be pledged to the
payment of the principal of, premium (if any), or interest on the
Bonds. The Bonds shall be payable as to principal, premium (if any),
and interest solely out of revenues and other amounts pledged therefor.
RECOMMENDATION:
A study of this proposal and of estimates of revenue and other available
moneys expected to accrue indicate that the issue meets the requirements
for the fiscal determination required by Section 420.509, Florida
Statutes, as stated in Article VII, Subsection 16(c) of the revised
Constitution of 1968, and the Executive Director recommends that
the State Board of Administration of Florida (the "Board")
approve the fiscal determination thereof. It is further recommended
that, pursuant to the fiscal determination requirements of Subsection
16(c) of Article VII of the revised Constitution of 1968, the Board
find and determine that in no State fiscal year will the debt service
requirements of the Bonds proposed to be issued and all other bonds
secured by the same pledged revenues exceed the pledged revenues
available for payment of such debt service requirements. The Board
has relied upon information from others but has not independently
verified the accuracy or completeness of such information. The Board
does not assume any responsibility for, and makes no warranty (express
or implied)
STATE
BOARD OF ADMINISTRATION
AGENDA
October 30, 2001
Page four
with
respect to any other aspect of this bond issue except for fiscal
determination. (Att. #4)
5.
APPROVAL OF FISCAL DETERMINATION OF AMOUNTS NOT EXCEEDING $10,750,000
TAX EXEMPT AND $3,935,000 TAX EXEMPT SUBORDINATE FLORIDA HOUSING
FINANCE CORPORATION MULTIFAMILY REVENUE REFUNDING BONDS, 2001 SERIES
(SERIES TO BE DESIGNATED) (CHARLESTON LANDING APARTMENTS):
The
Florida Housing Finance Corporation has submitted for approval as
to fiscal determination a proposal to issue amounts Not Exceeding
$10,750,000 Tax Exempt and $3,935,000 Tax Exempt Subordinate Florida
Housing Finance Corporation Multifamily Revenue Refunding Bonds,
2001 Series (series to be designated) (the Bonds) for the purpose
of refunding the Florida Housing Finance Agency Multi-Family Housing
Revenue Bonds, 1990 Series C (Charleston Landing Apartments) (Hillsborough
County, Florida).
The
Bonds shall not constitute an obligation, either general or special,
of the State or of any local government thereof; neither the State
nor any local government thereof shall be liable thereon. Neither
the full faith, revenue, credit nor taxing power of the State of
Florida, or any local governments thereof shall be pledged to the
payment of the principal of, premium (if any), or interest on the
Bonds. The Bonds shall be payable as to principal, premium (if any),
and interest solely out of revenues and other amounts pledged therefor.
RECOMMENDATION:
A study of this proposal and of estimates of revenue and other available
moneys expected to accrue indicate that the issue meets the requirements
for the fiscal determination required by Section 420.509, Florida
Statutes, as stated in Article VII, Subsection 16(c) of the revised
Constitution of 1968, and the Executive Director recommends that
the State Board of Administration of Florida (the "Board")
approve the fiscal determination thereof. It is further recommended
that, pursuant to the fiscal determination requirements of Subsection
16(c) of Article VII of the revised Constitution of 1968, the Board
find and determine that in no State fiscal year will the debt service
requirements of the Bonds proposed to be issued and all other bonds
secured by the same pledged revenues exceed the pledged revenues
available for payment of such debt service requirements. The Board
has relied upon information from others but has not independently
verified the accuracy or completeness of such information. The Board
does not assume any responsibility for, and makes no warranty (express
or implied)
STATE
BOARD OF ADMINISTRATION
AGENDA
October 30, 2001
Page five
with
respect to any other aspect of this bond issue except for fiscal
determination. (Att. #5)
6.
APPROVAL OF FISCAL DETERMINATION OF AN AMOUNT NOT EXCEEDING $8,300,000
TAX EXEMPT FLORIDA HOUSING FINANCE CORPORATION HOUSING REVENUE BONDS,
2001 SERIES (SERIES TO BE DESIGNATED) (GRANDE COURT APARTMENTS):
The
Florida Housing Finance Corporation has submitted for approval as
to fiscal determination a proposal to issue an amount Not Exceeding
$8,300,000 Tax Exempt Florida Housing Finance Corporation Housing
Revenue Bonds, 2001 Series (series to be designated) (the Bonds)
for the purpose of financing the construction and equipping of a
multifamily residential rental development located in Duval County,
Florida (Grande Court Apartments).
The
Bonds shall not constitute an obligation, either general or special,
of the State or of any local government thereof; neither the State
nor any local government thereof shall be liable thereon. Neither
the full faith, revenue, credit nor taxing power of the State of
Florida, or any local governments thereof shall be pledged to the
payment of the principal of, premium (if any), or interest on the
Bonds. The Bonds shall be payable as to principal, premium (if any),
and interest solely out of revenues and other amounts pledged therefor.
RECOMMENDATION:
A study of this proposal and of estimates of revenue and other available
moneys expected to accrue indicate that the issue meets the requirements
for the fiscal determination required by Section 420.509, Florida
Statutes, as stated in Article VII, Subsection 16(c) of the revised
Constitution of 1968, and the Executive Director recommends that
the State Board of Administration of Florida (the "Board")
approve the fiscal determination thereof. It is further recommended
that, pursuant to the fiscal determination requirements of Subsection
16(c) of Article VII of the revised Constitution of 1968, the Board
find and determine that in no State fiscal year will the debt service
requirements of the Bonds proposed to be issued and all other bonds
secured by the same pledged revenues exceed the pledged revenues
available for payment of such debt service requirements. The Board
has relied upon information from others but has not independently
verified the accuracy or completeness of such information. The Board
does not assume any responsibility for, and makes no warranty (express
or implied) with respect to any other aspect of this bond issue
except for fiscal determination. (Att. #6)
STATE
BOARD OF ADMINISTRATION
AGENDA
October 30, 2001
Page six
7.
APPROVAL OF FISCAL DETERMINATION OF AMOUNTS NOT EXCEEDING $8,650,000
TAX EXEMPT AND $275,000 TAXABLE FLORIDA HOUSING FINANCE CORPORATION
HOUSING REVENUE BONDS, 2001 SERIES (SERIES TO BE DESIGNATED) (PINNACLE
LAKES APARTMENTS):
The
Florida Housing Finance Corporation has submitted for approval as
to fiscal determination a proposal to issue amounts Not Exceeding
$8,650,000 Tax Exempt and
$275,000 Taxable Florida Housing Finance Corporation Housing Revenue
Bonds, 2001 Series (series to be designated) (the Bonds) for the
purpose of financing the construction and equipping of a multifamily
residential rental development located in Dade County, Florida (Pinnacle
Lakes Apartments).
The
Bonds shall not constitute an obligation, either general or special,
of the State or of any local government thereof; neither the State
nor any local government thereof shall be liable thereon. Neither
the full faith, revenue, credit nor taxing power of the State of
Florida, or any local governments thereof shall be pledged to the
payment of the principal of, premium (if any), or interest on the
Bonds. The Bonds shall be payable as to principal, premium (if any),
and interest solely out of revenues and other amounts pledged therefor.
RECOMMENDATION:
A study of this proposal and of estimates of revenue and other available
moneys expected to accrue indicate that the issue meets the requirements
for the fiscal determination required by Section 420.509, Florida
Statutes, as stated in Article VII, Subsection 16(c) of the revised
Constitution of 1968, and the Executive Director recommends that
the State Board of Administration of Florida (the "Board")
approve the fiscal determination thereof. It is further recommended
that, pursuant to the fiscal determination requirements of Subsection
16(c) of Article VII of the revised Constitution of 1968, the Board
find and determine that in no State fiscal year will the debt service
requirements of the Bonds proposed to be issued and all other bonds
secured by the same pledged revenues exceed the pledged revenues
available for payment of such debt service requirements. The Board
has relied upon information from others but has not independently
verified the accuracy or completeness of such information. The Board
does not assume any responsibility for, and makes no warranty (express
or implied) with respect to any other aspect of this bond issue
except for fiscal determination. (Att. #7)
STATE
BOARD OF ADMINISTRATION
AGENDA
October 30, 2001
Page seven
8.
APPROVAL OF FISCAL DETERMINATION OF AN AMOUNT NOT EXCEEDING $10,080,000
TAX EXEMPT FLORIDA HOUSING FINANCE CORPORATION HOUSING REVENUE BONDS,
2001 SERIES (SERIES TO BE DESIGNATED) (HUNTER'S RUN APARTMENTS):
The
Florida Housing Finance Corporation has submitted for approval as
to fiscal determination a proposal to issue an amount Not Exceeding
$10,080,000 Tax Exempt Florida Housing Finance Corporation Housing
Revenue Bonds, 2001 Series (series to be designated) (the Bonds)
for the purpose of financing the construction and equipping of a
multifamily residential rental development located in Clay County,
Florida (Hunter's Run Apartments).
The
Bonds shall not constitute an obligation, either general or special,
of the State or of any local government thereof; neither the State
nor any local government thereof shall be liable thereon. Neither
the full faith, revenue, credit nor taxing power of the State of
Florida, or any local governments thereof shall be pledged to the
payment of the principal of, premium (if any), or interest on the
Bonds. The Bonds shall be payable as to principal, premium (if any),
and interest solely out of revenues and other amounts pledged therefor.
RECOMMENDATION:
A study of this proposal and of estimates of revenue and other available
moneys expected to accrue indicate that the issue meets the requirements
for the fiscal determination required by Section 420.509, Florida
Statutes, as stated in Article VII, Subsection 16(c) of the revised
Constitution of 1968, and the Executive Director recommends that
the State Board of Administration of Florida (the "Board")
approve the fiscal determination thereof. It is further recommended
that, pursuant to the fiscal determination requirements of Subsection
16(c) of Article VII of the revised Constitution of 1968, the Board
find and determine that in no State fiscal year will the debt service
requirements of the Bonds proposed to be issued and all other bonds
secured by the same pledged revenues exceed the pledged revenues
available for payment of such debt service requirements. The Board
has relied upon information from others but has not independently
verified the accuracy or completeness of such information. The Board
does not assume any responsibility for, and makes no warranty (express
or implied) with respect to any other aspect of this bond issue
except for fiscal determination. (Att. #8)
STATE BOARD OF ADMINISTRATION
AGENDA
October 30, 2001
Page eight
9.
REPORT BY THE EXECUTIVE DIRECTOR:
Submitted
for information and review is the fund activity analysis for the
month of August 2001. (Att. #9)
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