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Tuesday, April 11, 2023 · School board meeting record
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1 Tuesday, April 11, 2023 THE ST. LUCIE SCHOOL BOARD LEASING CORPORATION - SPECIAL MEETING - APRIL 11, 2023 - TIME: IMMEDIATELY FOLLOWING SLCSB 5:00 P.M. REGULAR MEETING THE ST. LUCIE SCHOOL BOARD LEASING CORPORATION - SPECIAL MEETING Special Meeting - April 11, 2023 Time: Immediately Following SLCSB 5:00 p.m. Regular Meeting School Board Room 9461 Brandywine Lane, Port St. Lucie, FL 34986 1. OPENING OF MEETING Subject 1.01 Call to Order Meeting Apr 11, 2023 - THE ST. LUCIE SCHOOL BOARD LEASING CORPORATION - SPECIAL MEETING - APRIL 11, 2023 - TIME: IMMEDIATELY FOLLOWING SLCSB 5:00 P.M. REGULAR MEETING Category 1. OPENING OF MEETING Type Procedural File Attachments 2. BUSINESS ITEMS FOR DISCUSSION/ACTION Subject 2.01 Resolution Authorizing Issuance of Refunding Certificates of Participation, Series 2023B, in Amount Not to Exceed $69,000,000 Meeting Apr 11, 2023 - THE ST. LUCIE SCHOOL BOARD LEASING CORPORATION - SPECIAL MEETING - APRIL 11, 2023 - TIME: IMMEDIATELY FOLLOWING SLCSB 5:00 P.M. REGULAR MEETING Category 2. BUSINESS ITEMS FOR DISCUSSION/ACTION Type Action Recommended Action There is a motion and second of the St. Lucie School Board Leasing Corporation to approve the Resolution that authorizes the issuance of Refunding Certificates of Participation, Series 2023B, in an amount not to exceed $69,000,000. Description: A resolution authorizing the issuance of Refunding Certificates of Participation, Series 2023B, in an amount not to exceed $69,000,000. This resolution authorizes the current refunding of all, or a portion of, the outstanding Certificates of Participation, Series 2004A and Series 2013A. Issuance of the Refunding Certificates is contingent upon favorable market conditions. At a minimum, a refunding would have to produce a minimum of savings on the par value of the original Certificates of Participation in order to be issued. Submitted By: Michelle Thomas, Chief Financial Officer, on behalf of Secretary/Treasurer. Financial Implications: Potential reduction of both principal and interest payments over the term of the outstanding debt, savings estimated at $4 million over the term of the outstanding refunding certificates, File Attachments ^2023B Corporate Resolution with Exhibits.pdf (842 KB) Motion & Voting Corporate Secretary Prince recommended the St. Lucie School Board Leasing Corporation approve the Resolution that authorizes the issuance of Refunding Certificates of Participation, Series 2023B, in an amount not to exceed $69,000,000. Motion by Jack Kelly, second by Deborah Hawley. Final Resolution: Motion Carries Yea: Donna Mills, Deborah Hawley, Troy Ingersoll, Jack Kelly, Jennifer Richardson Subject 2.02 Resolution Authorizing Issuance of Certificates of Participation, Series 2023A, in Amount Not to Exceed $180,000,000 Meeting Apr 11, 2023 - THE ST. LUCIE SCHOOL BOARD LEASING CORPORATION - SPECIAL MEETING - APRIL 11, 2023 - TIME: IMMEDIATELY FOLLOWING SLCSB 5:00 P.M. REGULAR MEETING Category 2. BUSINESS ITEMS FOR DISCUSSION/ACTION Type Action Recommended Action There is a motion and second of the St. Lucie School Board Leasing Corporation to approve the Resolution that authorizes the issuance of Certificates of Participation, Series 2023A, in an amount not to exceed $180,000,000. Description: A resolution authorizing the issuance of Certificates of Participation, Series 2023A, in an amount not to exceed $180,000,000. This resolution authorizes the Issuance of the Certificates to finance the lease-purchase of educational facilities comprised of all or a portion of new High School "DDD" and all or a portion of the renovation and/or replacement of Fort Pierce Westwood Academy: The West Prep Magnet. Submitted by: Michelle Thomas, Chief Financial Officer, on behalf of Secretary/Treasurer. Financial implications: Principal/Interest amounts TBD and to be paid with Capital Transfer. File Attachments ^2023A Corporate Resolution with Exhibits.pdf (1,020 KB) Motion & Voting Corporate Secretary Prince recommended the St. Lucie School Board Leasing Corporation approve the Resolution that authorizes the issuance of Certificates of Participation, Series 2023A, in an amount not to exceed $180,000,000. Motion by Jack Kelly, second by Deborah Hawley. Final Resolution: Motion Carries Yea: Donna Mills, Deborah Hawley, Troy Ingersoll, Jack Kelly, Jennifer Richardson 3. ADJOURNMENT Subject 3.01 Time Adjourned Meeting Apr 11, 2023 - THE ST. LUCIE SCHOOL BOARD LEASING CORPORATION - SPECIAL MEETING - APRIL 11, 2023 - TIME: IMMEDIATELY FOLLOWING SLCSB 5:00 P.M. REGULAR MEETING Category 3. ADJOURNMENT Type Description: Submitted by: Contact person: Financial implications: File Attachments
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