The Clerk of the Board is responsible for keeping accurate minutes and maintaining Board records for each Board of County Commissioner (BCC) and Value Adjustment Board (VAB) meeting. In addition, every 4 years, the Clerk of the Board office provides staff support to the Charter Review Commission (CRC) appointed by the BCC. Please contact our office if you need an accessible version of documents on this page, and one will be provided.
Selection options are described below:
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File #:
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25-505
Version:
1
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Name:
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Type:
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Resolution
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Status:
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Passed
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On agenda:
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4/8/2025
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Final action:
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4/8/2025
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Title:
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Approval and execution of Resolution 2025-B-04 of the Orange County Board of County Commissioners Regarding the Issuance of Tourist Development Tax Refunding Revenue Bonds, Series 2025. (Fiscal and Business Services Division)
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Interoffice Memorandum
DATE: March 19, 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 Division
ACTION REQUESTED:
title
Approval and execution of Resolution 2025-B-04 of the Orange County Board of County Commissioners Regarding the Issuance of Tourist Development Tax Refunding Revenue Bonds, Series 2025. (Fiscal and Business Services Division)
body
PROJECT: N/A
PURPOSE: Outstanding County debt can sometimes be refunded to create savings on future annual debt service costs. The County has such an opportunity to reduce the cost of future Tourist Development Tax (TDT) debt service by refunding all the existing Tourist Development Tax Refunding Revenue Bonds, Series 2015 (the “2015 TDT Bonds”). The County is preparing this refunding transaction with the minimum savings target of 4% of the refunded 2015 TDT Bond par amount which is currently $69,185,000. Based on current market conditions, the refunding is expected to result in net present value savings of approximately $3.6 million through 2031. The proposed resolution provides the authority to use the lower-cost proceeds of the 2025 TDT Bonds to refund the 2015 TDT Bonds to achieve this debt service savings. Additional information regarding the transaction is included.
BUDGET: N/A
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