Cabinet Affairs

AGENDA

DIVISION OF BOND FINANCE OF THE STATE BOARD OF ADMINISTRATION

(Contact person: J. Ben Watkins III - 488-4782)

The Capitol

November 4, 1997

1. Approval of minutes of the meeting of October 9, 1997.

(Attachment #1)

2. ADOPTION OF A RESOLUTION AUTHORIZING THE ISSUANCE OF NOT EXCEEDING

$2,785,000 STATE OF FLORIDA, BOARD OF REGENTS, UNIVERSITY OF SOUTH

FLORIDA HOUSING FACILITY REVENUE BONDS, SERIES 1998, TO FINANCE THE

CONSTRUCTION OF A RESIDENCE HALL ON THE SARASOTA/NEW COLLEGE CAMPUS

OF THE UNIVERSITY OF SOUTH FLORIDA.

The bonds will be secured by a pledge of the revenues of the housing facilities at the Sarasota/New

College campus of the University.

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

(Recommend)

3. ADOPTION OF A RESOLUTION AUTHORIZING THE DIVISION OF BOND FINANCE TO

ISSUE A "REQUEST FOR PROPOSALS" IN ORDER TO SOLICIT PROPOSALS FROM

UNDERWRITING FIRMS INTERESTED IN BEING SELECTED AS AN UNDERWRITER FOR

BONDS TO BE ISSUED ON BEHALF OF THE ORLANDO-ORANGE COUNTY

EXPRESSWAY AUTHORITY AND DIRECTING THE DIVISION TO RANK RESPONDENT

FIRMS AND MAKE A RECOMMENDATION OF SUCH FIRMS TO THE GOVERNING

BOARD OF THE DIVISION.

The Authority is authorized, pursuant to Section 348.755(1)(b), Florida Statutes, to determine that a

negotiated sale of its bonds is in the best interest of the Authority. The selection of underwriters for

a negotiated sale is required to be made jointly by the Authority and the Division. The Authority has

approved a recommendation of its finance committee for a negotiated sale of bonds and has

requested the Division to participate in a joint process to select underwriters.

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

(Recommend)

4. REPORT OF AWARD OF $150,000,000 STATE OF FLORIDA, FULL FAITH AND CREDIT,

DEPARTMENT OF TRANSPORTATION RIGHT-OF-WAY ACQUISITION AND BRIDGE

CONSTRUCTION BONDS, SERIES 1997B, TO THE LOW BIDDER FOR SUCH BONDS.

The Division of Bond Finance was authorized to receive bids for these bonds, and award them to the

low bidder, by resolution adopted by the Governor and Cabinet. Bids for the bonds were received at

the office of the Division of Bond Finance at 10:00 a.m., Tuesday, October 7, 1997, and the bonds

were awarded to J.P. Morgan Securities Inc., which submitted a bid at an annual true interest cost

rate of 5.1519%. The bonds were delivered on Tuesday, October 28, 1997.

A report and tabulation of bids received is attached.

(Attachment #2)

Division of Bond Finance

Page- Two November 4, 1997

5. REPORT OF AWARD OF $3,570,000 STATE OF FLORIDA, BOARD OF REGENTS,

UNIVERSITY OF CENTRAL FLORIDA BOOKSTORE REVENUE BONDS, SERIES 1997, TO

THE LOW BIDDER FOR SUCH BONDS.

The Division of Bond Finance was authorized to receive bids for these bonds, and award them to the

low bidder, by resolution adopted by the Governor and Cabinet. Bids were received at the office of

the Division of Bond Finance at 11:00 a.m., October 15, 1997, and the bonds were awarded to the

low bidder, Prudential Securities Incorporated, which submitted a bid at an annual true interest cost

rate of 5.0077%. The bonds were delivered on Wednesday, October 29, 1997.

A report of award and tabulation of bids is attached.

(Attachment #3)