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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.

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File #: 24-1336    Version: 1 Name:
Type: Resolution Status: Passed
File created: 8/26/2024 In control: County Administrator
On agenda: 9/24/2024 Final action: 9/24/2024
Title: Approval and execution of 1) A Resolution 2024-B-05 approving the issuance by the Capital Projects Finance Authority (The "Authority") of its Student Housing Revenue Bonds in an aggregate principal amount not to exceed $155,000,000, the proceeds from the sale of which will be used principally to finance and refinance the cost of acquisition of certain student housing facilities located within Orange County, Florida and owned and operated by PRG-UnionWest Properties LLC; approving the form of an Interlocal Agreement with the Authority; authorizing the Mayor to execute and deliver the interlocal agreement with the Authority; and providing an effective date and 2) Interlocal Agreement between Orange County, Florida and the Capital Projects Finance Authority regarding the Issuance of the Authority's Student Housing Revenue Bonds in an aggregate principal amount not to exceed $155,000,000.
Attachments: 1. Interlocal Agreement Orange, 2. BOCC Resolution 2024 CaPFA, 3. 2024-09-24 County Administrator Consent Item-02, 4. Resolution 2024-B-05
Interoffice Memorandum

DATE: September 11, 2024

TO: Mayor Jerry L. Demings and County Commissioners

THROUGH: N/A

FROM: Ken Artin, Attorney for Capital Projects Finance Authority

CONTACT: Ken Artin (Bryant Miller Olive P.A.)

PHONE: 407-398-7781

DIVISION: N/A

ACTION REQUESTED:
title
Approval and execution of 1) A Resolution 2024-B-05 approving the issuance by the Capital Projects Finance Authority (The "Authority") of its Student Housing Revenue Bonds in an aggregate principal amount not to exceed $155,000,000, the proceeds from the sale of which will be used principally to finance and refinance the cost of acquisition of certain student housing facilities located within Orange County, Florida and owned and operated by PRG-UnionWest Properties LLC; approving the form of an Interlocal Agreement with the Authority; authorizing the Mayor to execute and deliver the interlocal agreement with the Authority; and providing an effective date and 2) Interlocal Agreement between Orange County, Florida and the Capital Projects Finance Authority regarding the Issuance of the Authority's Student Housing Revenue Bonds in an aggregate principal amount not to exceed $155,000,000.
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PROJECT: UnionWest

PURPOSE: PRG-UnionWest Properties LLC, a Florida limited liability company (the "Borrower") whose sole member is Provident Resources Group Inc., a Georgia not-for-profit corporation ("PRG") exempt from federal income tax as an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986 has requested the assistance of the Authority related to the issuance of one of more series of its Student Housing Revenue Bonds (the "Bonds") for the purpose of (i) financing the acquisition of the 15-story mixed-use building, containing 10 floors of student containing, 5 floors of academic space, first floor retail and 602 spaces of structured parking known as "UnionWest," located at 601 W. Livingston Street, Orlando Florida, including related facilities, fixtures, f...

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