(A) Review and consideration of all matters relating to the application of Rollins College to the Authority and conducting a public TEFRA hearing, consideration of the results of a public hearing and consideration of a resolution with respect to the ...

 

OTHER AGENCIES AND ORGANIZATIONS

Independent Colleges and Universities of Florida

The Florida Higher Educational Facilities Financing Authority announces a public meeting to which all persons are invited.

DATE AND TIME: Tuesday, May 17, 2016, 12:00 Noon – 1:00 p.m.

PLACES: New England 1 Conference Room, Alfond Inn, 300 E. New England Avenue, Winter Park, Florida 32789; Offices of the Independent Colleges and Universities of Florida, 542 East Park Avenue, Tallahassee, Florida 32301; teleconference: 1(866)578-5716 participant code: 6813188

GENERAL SUBJECT MATTER TO BE CONSIDERED: (A) Review and consideration of all matters relating to the application of Rollins College to the Authority and conducting a public TEFRA hearing, consideration of the results of a public hearing and consideration of a resolution with respect to the authorization by the Authority to issue not exceeding $42,000,000 in aggregate principal amount of educational facilities revenue bonds in order to make a loan to Rollins College, Inc. a Florida not-for-profit corporation.

Approximately $25,000,000 of the loan proceeds will be allocated for the purposes of refunding all or a portion of the outstanding Higher Educational Facilities Financing Authority Revenue Bonds, Series 2007 (Rollins College Project) the proceeds of which were used to finance certain capital improvements to the Rollins College campus located at 1000 Holt Avenue, Winter Park, Florida 32789, including, without limitation, (a) the purchase of land located at 501 Holt Avenue in Winter Park, Florida, (b) the purchase of land located at 823 N. Pennsylvania Avenue in Winter Park, Florida, (c) the purchase of land located at 273 W. New England Avenue in Winter Park, Florida, (d) renovations to various residence halls, (e) renovations of various academic buildings, (f) construction of a campus chiller plant, (g) purchase of emergency generators, and (h) reimbursement for monies previously spent on the acquisition of land described in (a), (b), and (c) above and other capital expenditures related to (a) through (g) above.

Approximately $17,000,000 of the loan proceeds will be allocated for the purposes of funding improvement projects on the campus of Rollins College including improvements to (i) the Childhood Development Center; (ii) the Baseball Stadium; (iii) the interior of Holt Hall; (iv) the interior of Cornell Social Science building; (v) the interior to McKean Hall; (vi) the relocation of the Physical Plant facilities; (vii) construction of a new residence hall; and (viii) various other capital improvements to Rollins College's educational facilities including, but not limited to, infrastructure improvements called for in the Rollins College Westside Campus Master Plan. Proceeds may also be used to acquire (x) the building that currently houses the City of Winter Park Library located at 460 East New England Avenue, Winter Park, Florida 32789; (y) the commercial building located at 400 West Fairbanks Avenue, Winter Park, Florida 32789; and (z) and fund any necessary debt service reserves and pay any costs of issuing the Authority’s bonds. All of the improvements financed or refinanced with proceeds of the loan will be owned by Rollins College.

(B) Any other matters that may come before the Authority.

A copy of the agenda may be obtained by contacting: Melissa Armstrong, Independent Colleges and Universities of Florida, 542 East Park Avenue, Tallahassee, Florida 32301, [phone].

Pursuant to the provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in this workshop/meeting is asked to advise the agency at least 5 days before the workshop/meeting by contacting: Melissa Armstrong, Independent Colleges and Universities of Florida, 542 East Park Avenue, Tallahassee, Florida 32301, [phone]. If you are hearing or speech impaired, please contact the agency using the Florida Relay Service, 1(800)955-8771 (TDD) or 1(800)955-8770 (Voice).

For more information, you may contact: Melissa Armstrong, Independent Colleges and Universities of Florida, 542 East Park Avenue, Tallahassee, Florida 32301, [phone].