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TEFRA Public Hearing – Refunding Series 1999 Bonds.
AGENDA: Receive comments and hear discussion concerning a plan of financing relating to the issuance by the Commission of its Refunding Revenue Bonds (State Transportation Trust Fund – Intermodal Program) in one or more series (the “Refunding Bonds”). Proceeds of the Refunding Bonds will be used to refinance all or a portion of the Commission’s outstanding Revenue Bonds (State Transportation Trust Fund – Intermodal Program), Series 1999, the proceeds of which were loaned to certain marine ports in the State of Florida and used by such ports to finance all or a portion of the costs of various marine facilities and intermodal capital projects (the “Projects”) located in or near the following ports: Canaveral Port Authority, Port Everglades, Port of Fernandina, Jacksonville Port Authority, Manatee County Port Authority, Port of Miami, Port of Palm Beach, Panama City Port Authority, Port of Pensacola and Tampa Port Authority (collectively the “Ports”). A more specific description of the Projects is available upon request from the Commission at (850)222 8028.
The Owners of the Projects are the respective Ports where the Projects are located or the political subdivisions of the State of Florida which own and operate such Ports. The Commission is located at Florida Ports Financing Commission, c/o Florida Ports Council, 502 East Jefferson Street, Tallahassee, Florida 32301.
All affected taxpayers, property owners and citizens and all other interested persons are invited to attend said hearing and, either personally or through representatives, present comments and discussion, oral or written, concerning the proposed plan of financing and the Refunding Bonds. Should any person decide to appeal any decision, he will need a record of the proceedings, and he may need to ensure that a verbatim record of the proceedings is made, which record includes the testimony and evidenced upon which the appeal is to be based.
The public hearing is required by Section 147(f) of the Internal Revenue Code of 1986, as amended (the “Code”). Subsequent to the public hearing, the Commission and Governor will consider whether to approve the Refunding Bonds as required by Section 147(f) of the Code. Any person interested in the proposed plan of financing, the Projects or the issuance of the Refunding Bonds may appear and be heard.