Untitled

Cabinet Affairs

AGENDA

DIVISION OF BOND FINANCE OF THE STATE BOARD OF ADMINISTRATION

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

The Capitol

November 18, 1997

1. Approval of minutes of the meeting of November 4, 1997.

(Attachment #1)

2. ADOPTION OF A RESOLUTION AUTHORIZING THE COMPETITIVE SALE OF NOT

EXCEEDING $330,000,000 STATE OF FLORIDA, DEPARTMENT OF TRANSPORTATION

TURNPIKE REVENUE BONDS, SERIES 1997B.

The bonds will be payable from tolls and other revenues of the Florida Turnpike System. The bonds

will not be secured by the full faith and credit of the State. Proceeds of the bonds will be used to

finance a portion of the costs of various turnpike projects.

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

(Recommend)

3. ADOPTION OF THE FOLLOWING RESOLUTIONS ON BEHALF OF AND AT THE

REQUEST OF THE FLORIDA HOUSING FINANCE AGENCY (THE "AGENCY"):

(A) A resolution authorizing the competitive sale of not exceeding $21,500,000 Florida Housing

Finance Agency Housing Revenue Bonds, 1997 Series [one or more series to be designated] (Willow

Lake Apartments Project).

(B) A resolution authorizing the competitive sale of not exceeding $13,000,000 Florida Housing

Finance Agency Housing Revenue Bonds, 1997 Series [one or more series to be designated]

(Wentworth Apartments Project).

Finance Agency Housing Revenue Bonds, 1997 Series [one or more series to be designated]

(Barrington Place Apartments Project).

(D) A resolution authorizing the competitive sale of not exceeding $14,750,000 Florida Housing

Finance Agency Housing Revenue Bonds, 1997 Series [one or more series to be designated] (Sarah's

Place Apartments Project).

The Agency has requested the issuance and sale of these bonds to finance multifamily residential

housing projects. None of the bonds will constitute an obligation, either general or special, of the

state or of any local government.

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

(Recommend)

Division of Bond Finance

Page-Two November 18, 1997

4. REPORT OF AWARD OF $143,490,000 STATE OF FLORIDA, TAMPA-HILLSBOROUGH

COUNTY EXPRESSWAY AUTHORITY 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., November 4, 1997, and the bonds were awarded to the

low bidder, Smith Barney Inc., which submitted a bid at an annual true interest cost rate of 5.2957%.

The bonds are anticipated to be delivered on Tuesday, November 18, 1997.

A report of award and tabulation of bids is attached.

(Attachment #2)