Legislation Details

File #: 26-0479    Version: 1 Name:
Type: Resolution Status: Consent Agenda
File created: 4/1/2026 In control: County Administrator
On agenda: 4/21/2026 Final action:
Title: Approval and execution of Resolution of the Orange County Board of County Commissioners Regarding the Issuance of Tourist Development Tax Revenue Bonds, Series 2026A and Tourist Development Tax Refunding Revenue Bonds, Series 2026B. (Fiscal and Business Services Office)
Attachments: 1. 2026 TDT Revenue and Refunding Revenue Bonds Overview, 2. Proposed 2026 Bond Resolution, 3. Form of Escrow Deposit Agreement, 4. Form of 17th Supplemental Indenture of Trust, 5. Form of Official Notice of Bond Sale, 6. Form of Preliminary Official Statement
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Interoffice Memorandum

 

DATE: April 1, 2026

 

TO: Mayor Jerry L. Demings and County Commissioners

 

THROUGH: N/A

 

FROM: Stephanie Taub, Manager

 

CONTACT: Stephanie Taub

 

PHONE: 407-836-5915

 

DIVISION: Fiscal & Business Services

 

ACTION REQUESTED:

title

Approval and execution of Resolution of the Orange County Board of County Commissioners Regarding the Issuance of Tourist Development Tax Revenue Bonds, Series 2026A and Tourist Development Tax Refunding Revenue Bonds, Series 2026B. (Fiscal and Business Services Office)

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PROJECT:
N/A

 

PURPOSE:

The County can reduce future debt service costs by refunding its outstanding Tourist Development Tax (TDT) Refunding Revenue Bonds, Series 2016, TDT Revenue Bonds, Series 2016A, and TDT Refunding Revenue Bonds, Series 2016B (collectively, the “2016 TDT Bonds”). The planned transaction targets minimum savings of 4% of the $344.9 million par amount currently outstanding and is expected to generate approximately $18 million in net present value savings through 2036. For efficiency, the 2026 transaction will also include partial financing for the Orange County Convention Center (OCCC) 5A project and will be structured in two series: Series 2026A (5A financing) and Series 2026B (refunding of the 2016 TDT Bonds). The proposed resolution authorizes the use of lower-cost 2026B TDT Bond proceeds to refund the 2016 TDT Bonds, achieving debt service savings while also funding a portion of the OCCC 5A project at the lowest total interest cost with the 2026A Bonds. Additional information regarding the transaction is included.

 

BUDGET: N/A