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SEMINOLE (PINELLAS COUNTY) · LOCALlocal legislationAgenda Ready
Local Impact

Approval of $40 Million Bond Financing for Orangewood Christian School

Original title: Approve and authorize the Chairman to sign a Resolution of the Board of County Commissioners of Seminole County, Florida, approving, solely for the limited purposes of Section 147(f) of the Internal Revenue Code, the expenditure of the proceeds of the Orange County Industrial Development Authority not to exceed $40,000,000 of its Educational Facilities Revenue Bond Series for the purpose of financing and refinancing of educational facilities owned or leased by Orangewood Christian School, Inc., part of which is located in Seminole County, Florida as further described in the Resolution; and providing an effective date. Countywide (Kate Latorre, County Attorney)

April 28, 2026

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The Frame

What this does

This resolution authorizes the necessary tax-exempt status for a $40 million bond issuance that will fund construction or debt refinancing for Orangewood Christian School facilities located in Seminole County.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Orangewood Christian School, Inc.

The school is the recipient of the bond financing for its educational facilities.

Seminole County residents

Residents are affected by the development or maintenance of educational infrastructure within the county.

What changed

Last recorded activity April 28, 2026.

What's next

Next step not available in the current record.

Summary

The Seminole County Board of County Commissioners is considering a resolution to approve the use of up to $40 million in bond proceeds by the Orange County Industrial Development Authority. This funding is designated for the financing and refinancing of educational facilities owned or leased by Orangewood Christian School, Inc., which has locations within Seminole County.

Key Facts

  • The resolution authorizes up to $40,000,000 in Educational Facilities Revenue Bonds.
  • The bond proceeds are to be used for financing and refinancing educational facilities owned or leased by Orangewood Christian School, Inc.
  • The approval is specifically for the requirements of Section 147(f) of the Internal Revenue Code.
  • The project involves facilities located within Seminole County, Florida.
  • The Chairman of the Board of County Commissioners is authorized to sign the resolution.
  • The item is classified as a Consent Item for the Board of County Commissioners.

Frequently Asked Questions

Does this resolution use Seminole County taxpayer money?
No, the resolution approves the expenditure of proceeds from the Orange County Industrial Development Authority's bond series, not county tax funds.
Why is Seminole County involved if the bonds are from Orange County?
Because part of the school's facilities are located in Seminole County, the county must provide approval under federal tax law (Section 147(f)) for the bond proceeds to be used for those specific facilities.

Why It Matters

This resolution authorizes the necessary tax-exempt status for a $40 million bond issuance that will fund construction or debt refinancing for Orangewood Christian School facilities located in Seminole County.

News Coverage

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Sponsors

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

cross reference90% confidence

Inter-county bond coordination

The document highlights the necessity of multi-county coordination when a private entity operates facilities across county lines and seeks tax-exempt bond financing.

Connected Entities

organizationSeminole County Board of County CommissionersThe governing body approving the resolution.Map →
personKate LatorreCounty Attorney who introduced the item.Map →
organizationOrange County Industrial Development AuthorityThe issuer of the revenue bonds.Map →
organizationOrangewood Christian School, Inc.The entity receiving the bond financing.Map →

Sources

Open source document

webapi.legistar.com

Analysis Score

0–100
  • Significance40
    How much this matters to a regular citizen
  • Controversy10
    Intensity of disagreement among stakeholders
  • Entertainment5
    Compellingness for a non-policy-wonk reader
  • Buzz10
    Current news / social attention level

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