Cabinet Affairs

1. Approval of minutes of the meeting of November 7, 1996. (Attachment #1)

2. ADOPTION OF RESOLUTIONS AUTHORIZING THE ISSUANCE AND NEGOTIATED SALE OF THE FOLLOWING HOUSING REVENUE REFUNDING BONDS ON BEHALF OF AND AT THE REQUEST OF THE FLORIDA HOUSING FINANCE AGENCY (THE "AGENCY"):

(A) Not exceeding $4,325,000 Florida Housing Finance Agency Multi-Family Housing Revenue Refunding Bonds [Various series to be designated] (Windwood Oaks Project).

(B) Not exceeding $6,200,000 Florida Housing Finance Agency Multi-Family Housing Revenue Refunding Bonds [Various series to be designated] (Windwood Oaks II Project).

(C) Not exceeding $12,235,000 Florida Housing Finance Agency Multi-Family Housing Revenue Refunding Bonds [Various series to be designated](Harbour Walk Apartments Project) (Sandstone Apartments Project).

The Agency has requested the issuance and sale of the bonds for the purpose of refunding (i) the outstanding Florida Housing Finance Agency Multifamily Housing Revenue Bonds, 1985 Series P (the "Windwood Oaks Bonds), (ii) the outstanding Florida Housing Finance Agency Multifamily Housing Revenue Bonds, 1985 Series FFF (the "Windwood Oaks II Bonds) and (iii) the outstanding Florida Housing Finance Agency Multifamily Loan Revenue Bonds Floating Rate Monthly Demand, 1984 Series B (the "Webb Road I Bonds"issued to finance the Webb Road I Project, now known as "Harbour Walk Apartments") and the outstanding Florida Housing Finance Agency Multifamily Loan Revenue Bonds Floating Rate Monthly Demand, 1984 Series C (the "Webb Road II Bonds", issued to finance the Webb Road II Project, now known as "Sandstone Apartments Project"). The bonds will not constitute an obligation, either general or special, of the State or of any local government.

Pursuant to Section 420.509 (7)(a), Florida Statutes, the Agency is permitted to authorize the negotiated sale of bonds if it is determined that it is in the best interest of the Agency. The Agency has made the determination that a negotiated sale of the bonds is in the best interest of the Agency.

Copies of the resolutions may be obtained from the Division of Bond Finance upon request.

(Recommend)

3. ADOPTION OF A RESOLUTION AUTHORIZING THE NEGOTIATED SALE OF THE FOLLOWING HOUSING REVENUE BONDS ON BEHALF OF AND AT THE REQUEST OF THE FLORIDA HOUSING FINANCE AGENCY (THE "AGENCY"):

Not exceeding $13,350,000 Florida Housing Finance Agency Housing Revenue Bonds, [Various series to be designated] (Crossings at Indian Run Apartments Project).

The Agency has requested the sale of the bonds for the purpose of financing a multifamily residential housing project. The bonds will not constitute an obligation, either general or special, of the State or of any local government.

Pursuant to Section 420.509 (7)(a), Florida Statutes, the Agency is permitted to authorize the negotiated sale of bonds if it is determined that it is in the best interest of the Agency. The Agency has made the determination that a negotiated sale of the bonds is in the best interest of the Agency.

Copies of the resolution may be obtained from the Division of Bond Finance upon request.

(Recommend)

4. ADOPTION OF A RESOLUTION AUTHORIZING THE ISSUANCE OF NOT EXCEEDING $300,000,000 FLORIDA HOUSING FINANCE AGENCY HOUSING REVENUE BONDS (VARIOUS SERIES).

The bonds will be issued (subject and pursuant to Section 16, Article VII of the Florida Constitution, the State Bond Act and the Florida Housing Finance Agency Act) by the Division of Bond Finance (the "Division") on behalf of and in the name of the Florida Housing Finance Agency. The proceeds of the bonds will be used for construction and/or permanent financing of qualified housing projects, including projects containing facilities or units designed for and available to elderly tenants. The resolution also authorizes the execution of security agreements securing the bonds. The principal of and interest on these bonds will be payable solely out of the pledged revenues of the Florida Housing Finance Agency as provided in the security agreements therefor. The bonds will not constitute an obligation, either general or special, of the State or of any unit of local government.

Copies of the resolution may be obtained from the Division of Bond Finance upon request.

(Recommend)

5. ADOPTION OF A RESOLUTION AUTHORIZING REDEMPTION PRIOR TO THE DATE OF MATURITY, AT A DATE TO BE DETERMINED BY THE STATE BOARD OF ADMINISTRATION, OF THE STATE OF FLORIDA, FULL FAITH AND CREDIT, POLLUTION CONTROL BONDS, SERIES J.

The bonds were issued by the Division on behalf of Dade County. Dade County wishes to provide for redemption of the bonds prior to maturity. This action will authorize such redemption, as provided for in the documents authorizing the bonds, at a date to be determined by the State Board of Administration.

Copies of the resolution may be obtained from the Division of Bond Finance upon request.

(Recommend)

6. ADOPTION OF A RESOLUTION AUTHORIZING REDEMPTION PRIOR TO THE DATE OF MATURITY, AT A DATE TO BE DETERMINED BY THE STATE BOARD OF ADMINISTRATION, OF THE STATE OF FLORIDA, FULL FAITH AND CREDIT, POLK COUNTY ROAD REFUNDING BONDS, SERIES 1990.

The bonds were issued by the Division on behalf of Polk County. Polk County wishes to provide for redemption of the bonds prior to maturity. This action will authorize such redemption, as provided for in the documents authorizing the bonds, at a date to be determined by the State Board of Administration.

Copies of the resolution may be obtained from the Division of Bond Finance upon request.

(Recommend)