Legislation Details

File #: 25-573    Version: 1 Name:
Type: Resolution Status: Passed
File created: 3/27/2025 In control: County Administrator
On agenda: 4/22/2025 Final action: 4/22/2025
Title: Approval and execution of Resolution 2025-B-05 of the Orange County Board of County Commissioners regarding authorization for Water and Wastewater Utility Revenue Bonds, Series 2025. (Fiscal and Business Services Office)
Attachments: 1. 2025 Water Utilities Revenue Bonds Overview, 2. 2025 Water Utilities Supplemental Bond Resolution, 3. NOS - Orange County 2025 Water Utilities, 4. POS - Orange County 2025 Water Utilities, 5. Continuing Disclosure Certificate -2025 Water Utilities, 6. 2025-04-22 County Administrator Consent Item-05, 7. Resolution 2025-B-05

Interoffice Memorandum

 

DATE: April 2, 2025

 

TO: Mayor Jerry L. Demings and County Commissioners

 

THROUGH: N/A

 

FROM: Stephanie Taub, Manager

 

CONTACT: Stephanie Taub

 

PHONE: 407-836-5915

 

DIVISION: Fiscal and Business Services Office

 

ACTION REQUESTED:

title

Approval and execution of Resolution 2025-B-05 of the Orange County Board of County Commissioners regarding authorization for Water and Wastewater Utility Revenue Bonds, Series 2025. (Fiscal and Business Services Office)

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PROJECT:
N/A

 

PURPOSE: On June 20, 2023, and July 30, 2024, the Board approved reimbursement resolutions to allow funding of Orange County Utilities (OCU) projects with proceeds from future tax-exempt financing.  OCU has used system revenues to fund projects during construction and/or acquisition phase, but now the 2025 Bonds are needed to secure long-term financing. The proposed resolution will authorize up to $150 million in bonds to reimburse the County for expenses related to completed projects (approximately $81.6 million) and to finance other budgeted projects on the 2025 Bonds Project list. Additional information regarding the transaction is included.

 

BUDGET: N/A