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Cabinet
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AGENDA DIVISION OF BOND FINANCE OF THE STATE BOARD OF ADMINISTRATION (Contact person: J. Ben Watkins III - 488-4782)
The Capitol
June 24, 1998 1. Approval of minutes of the meeting of June 9, 1998.
(Attachment #1) 2. ADOPTION OF A RESOLUTION AUTHORIZING THE ISSUANCE OF NOT
EXCEEDING
$55,675,000 STATE OF FLORIDA, BOARD OF REGENTS, UNIVERSITY
SYSTEM
IMPROVEMENT REVENUE BONDS, SERIES 1998. The bonds will be payable from the capital improvement fees
and the net student building fees
collected by the Board of Regents. The bonds will not be secured
by the full faith and credit of
the State of Florida. The proceeds of the bonds will be used
to finance the construction of
legislatively authorized projects of the Board of Regents. Copies of the resolution may be obtained from the Division
of Bond Finance upon request. (Recommend) 3. ADOPTION OF A RESOLUTION AUTHORIZING THE ISSUANCE OF NOT
EXCEEDING
$8,800,000 STATE OF FLORIDA, BOARD OF REGENTS, UNIVERSITY
OF CENTRAL
FLORIDA PARKING FACILITY REVENUE BONDS, SERIES 1998. The bonds will be payable from revenues of the parking system
at the University of Central
Florida. The bonds will not be secured by the full faith and
credit of the State of Florida. The
proceeds of the bonds will be used to finance the construction
of a parking facility at the
University of Central Florida. Copies of the resolution may be obtained from the Division
of Bond Finance upon request. (Recommend) 4. REPORT OF AWARD OF $115,390,000 STATE OF FLORIDA, STATE
BOARD OF
EDUCATION, LOTTERY REVENUE BONDS, SERIES 1998A, 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 a resolution adopted by the Governor
and Cabinet. Bids were
received at the offices of the Division of Bond Finance at
11:30 a.m., June 2, 1998, and
the bonds were awarded to the low bidder, Merrill Lynch &
Co., which submitted a bid
at an annual true interest cost rate of 4.8454%. The bonds
were delivered on June 18,
1998. A report of award and tabulation of bids is attached. (Attachment #2)