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Tuesday, March 28, 2023 · School board meeting record
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4 recorded votes0 split
Split votes (0)
Every recorded vote passed unanimously.
Unanimous votes (4)
Voting yes on all of these (7)
Approval of the Minutes of December 6, 2022
Approval of the Agenda as the Order of Business.
Approval of the Resolution Authorizing the Issuance of Certificates of Participation, Series 2023A to finance all or a portion of the costs of the construction and equipping of Amanecer…
Approval of the Amendment and Partial Release of Series 2004 Ground Lease and Series 2004 Lease
4 recorded votes
Approval of the Minutes of December 6, 2022 - Voted yes on the motion “Approval of the Minutes of the last Lee County School Board Leasing Corporation meeting held on December 6, 2022.”; the record reports passed.
Official recordApproval of the Agenda as the Order of Business. - Voted yes; the record reports passed.
Official recordApproval of the Resolution Authorizing the Issuance of Certificates of Participation, Series 2023A to finance all or a portion of the costs of the construction and equipping of Amanecer… - Voted yes on the motion “Approval of the Resolution authorizing (a) the issuance of Certificates of Participation, Series 2023A in an aggregate principal amount not to exceed $150,000,000 for the purpose of financing all or a portion of the costs of the construction and equipping of Amanecer Elementary(J), the costs of demolition, construction and equipping Franklin Park Elementary, as well as a portion of the Lehigh Middle School Addition(MM); (b) the sale thereof in a negotiated public sale, (c) execution and delivery”; the record reports passed.
Official recordApproval of the Amendment and Partial Release of Series 2004 Ground Lease and Series 2004 Lease - Voted yes on the motion “Approval of the Amendment and Partial Release of Series 2004 Ground Lease and Series 2004 Lease to remove the Series 2004 Facility Site initially designated as "High Tech North Staging Area" (now known as the site of Hector Cafferata Elementary School) and thereby release the parcel and the improvements from the lien of the Series 2004 Ground Lease and Series 2004 Lease.”; the record reports passed.
Official recordCommented on are those outlined on the agenda for the Leasing Corporation. File Attachments C. Secretary's Recommendation Subject 1. Approval of the Minutes of December 6, 2022 Meeting Mar 28, 2023 - Lee County School Board Leasing Corporation 6:00 PM Type Action Fiscal Impact No Recommended Action Approval of the Minutes of the last Lee County School Board Leasing Corporation meeting held on December 6, 2022. Minutes of the Lee County School Board Leasing Corporation meeting of December 6, 2022 are being submitted for approval. There is 1 PDF attached File Attachments December 6, 2022 Lee County School Board Leasing Corp Mtg Minutes -DRAFT.pdf (57 KB) Motion & Voting Approval of the Minutes of the last Lee County School Board Leasing Corporation meeting held on December 6, 2022. Motion by Samuel Fisher, second by Jada Fleming. Final Resolution: Motion Carries Yea: Cathleen Morgan, Chris Patricca, Melisa Giovannelli, Debbie Jordan, Samuel Fisher, Jada Fleming, Armor Persons C. Secretary's Recommendation Subject 2. Approval of the Resolution Authorizing the Issuance of Certificates of Participation, Series 2023A to finance all or a portion of the costs of the construction and equipping of Amanecer Elementary(J), the costs of demolition, construction and equipping Franklin Park Elementary, as well as a portion of the Lehigh Middle School Addition(MM); and Authorizing execution of related documents in connection with the issuance of the Series 2023A Certificates Meeting Mar 28, 2023 - Lee County School Board Leasing Corporation 6:00 PM Type Action, Procedural Recommended Action Approval of the Resolution authorizing (a) the issuance of Certificates of Participation, Series 2023A in an aggregate principal amount not to exceed $150,000,000 for the purpose of financing all or a portion of the costs of the construction and equipping of Amanecer Elementary(J), the costs of demolition, construction and equipping Franklin Park Elementary, as well as a portion of the Lehigh Middle School Addition(MM); (b) the sale thereof in a negotiated public sale, (c) execution and delivery of a Series 2023A Ground Lease and Schedule 2023A to the Master Lease, and (d) execution of related documents in connection with the issuance of the Series 2023A Certificates. The Corporation has determined to lease-purchase finance and refinance certain real property and educational and auxiliary facilities, vehicles and equipment from time to time to The School Board of Lee County, Florida, (the "School Board") pursuant to the Master Lease Purchase Agreement dated as of August 1, 1991 (the "Master Lease") between the Board and the Corporation, as assignee of Florida School Boards Association, Inc. (the "Association"). The Corporation has also determined to enter into ground leases with the School Board and assignment agreements and has entered in a Master Trust Agreement dated as of August 1, 1991, as amended as of June 29, 2020, by and among the Corporation, as assignee of the Association, and U.S. Bank Trust National Association (successor to SunTrust Bank, Central Florida, National Association), as trustee, in order to facilitate such financings and to refinance such financings. Over the past thirty-two (32) years the Corporation and the School Board have financed new educational facilities through the issuance of Certificates of Participation under the Master Lease Program. The Series 2023A Certificates are to be issued for the principal purpose of providing funds needed to finance the costs of the construction and equipping of Amanecer Elementary(J), the costs of demolition, construction and equipping Franklin Park Elementary, as well as a portion of the Lehigh Middle School Addition(MM). The accompanying Resolution, among other purposes: (i) authorizes the issuance of the Series 2023A Certificates; (ii) authorizes the execution and delivery of Schedule 2023A to the Master Lease and a Series 2023A Ground Lease; (iii) authorizes the execution and delivery of a Series 2023A Supplemental Trust Agreement and a Series 2023A Assignment Agreement; (iv) authorizes the sale of the Series 2023A Certificates in a negotiated public sale within certain parameters set forth in the Resolution; (v) authorizes the execution and delivery of a Certificate Purchase Contract; and (vi) provides for incidental action and an effective date. There are 6 PDF attachments File Attachments Leasing Corporation Resolution (Lee Schools 2023A COPs).pdf (151 KB) Ground Lease (Lee Schools 2023A COPs).pdf (277 KB) Assignment Agreement (Lee Schools 2023A COPs).pdf (168 KB) Supplemental Trust Agreement (Lee Schools 2023A COPs).pdf (243 KB) Lease Schedule (Lee Schools 2023A COPs).pdf (258 KB) Certificate Purchase Contract.pdf (220 KB) Motion & Voting Approval of the Resolution authorizing (a) the issuance of Certificates of Participation, Series 2023A in an aggregate principal amount not to exceed $150,000,000 for the purpose of financing all or a portion of the costs of the construction and equipping of Amanecer Elementary(J), the costs of demolition, construction and equipping Franklin Park Elementary, as well as a portion of the Lehigh Middle School Addition(MM); (b) the sale thereof in a negotiated public sale, (c) execution and delivery of a Series 2023A Ground Lease and Schedule 2023A to the Master Lease, and (d) execution of related documents in connection with the issuance of the Series 2023A Certificates. Motion by Chris Patricca, second by Melisa Giovannelli. Final Resolution: Motion Carries Yea: Cathleen Morgan, Chris Patricca, Melisa Giovannelli, Debbie Jordan, Samuel Fisher, Jada Fleming, Armor Persons C. Secretary's Recommendation Subject 3. Approval of the Amendment and Partial Release of Series 2004 Ground Lease and Series 2004 Lease Meeting Mar 28, 2023 - Lee County School Board Leasing Corporation 6:00 PM Type Action, Procedural Recommended Action Approval of the Amendment and Partial Release of Series 2004 Ground Lease and Series 2004 Lease to remove the Series 2004 Facility Site initially designated as "High Tech North Staging Area" (now known as the site of Hector Cafferata Elementary School) and thereby release the parcel and the improvements from the lien of the Series 2004 Ground Lease and Series 2004 Lease. The School Board, as lessor, and the Corporation, as lessee, entered into that certain Series 2004 Ground Lease dated as of January 1, 2004 (as heretofore amended, the “Series 2004 Ground Lease”) with respect to the Series 2004 Facility Sites more particularly described therein, and pursuant to the Series 2004 Ground Lease the School Board and the Corporation entered into that certain memorandum of the Series 2004 Ground Lease. The Corporation, as lessor, and the School Board, as lessee, entered into that certain Schedule 2004 under and pursuant to that certain Master Lease Purchase Agreement dated as of August 15, 1991, as amended as of June 29, 2020 (as heretofore supplemented and further amended and restated, the “Series 2004 Lease”),and pursuant to the Series 2004 Lease the School Board and the Corporation entered into that certain Memorandum of the Series 2004 Lease. The Corporation assigned all of its interest in the Series 2004 Ground Lease and the Series 2004 Lease to the Trustee pursuant to that certain Series 2004 Assignment Agreement dated as of January 1, 2004, between the Corporation and the Trustee. The Series 2004 Ground Lease and Series 2004 Lease currently secure the Series 2017A Certificates which are owned by Banc of America Preferred Funding Corporation (BAPFC). Because of the damage to one of the Series 2004 Projects caused by Hurricane Ian, BAPFC has consented to proposed amendments to the Series 2004 Ground Lease, the Series 2004 Lease, the recorded Lease Memoranda, and the Series 2004 Assignment Agreement in order to remove the Series 2004 Facility Site and Series 2004 Facility initially designated as “High Tech North Staging Area” (now known as Hector Cafferata Elementary School) from the lien of the Series 2004 Ground Lease, the Series 2004 Lease, the Lease Memoranda, and the Assignment Agreement; There is 1 PDF Attached File Attachments Amendment and Release Hector Cafferata.pdf (209 KB) Motion & Voting Approval of the Amendment and Partial Release of Series 2004 Ground Lease and Series 2004 Lease to remove the Series 2004 Facility Site initially designated as "High Tech North Staging Area" (now known as the site of Hector Cafferata Elementary School) and thereby release the parcel and the improvements from the lien of the Series 2004 Ground Lease and Series 2004 Lease. Motion by Jada Fleming, second by Debbie Jordan. Final Resolution: Motion Carries Yea: Cathleen Morgan, Chris Patricca, Melisa Giovannelli, Debbie Jordan, Samuel Fisher, Jada Fleming, Armor Persons D. Good of the Order/Other Business E. Adjournment.
Commissioner 3 Tuesday, March 28, 2023 Lee County School Board Leasing Corporation 6:00 PM The Lee County School Board Leasing Corporation will meet immediately following a recess in the meeting of The School Board of Lee County, which begins at 6:00 p.m., in the School Board Meeting Room at the Lee County Public Education Center, 2855 Colonial Boulevard, Fort Myers, FL. Board Room Lee County Public Education Center 2855 Colonial Blvd. Fort Myers, FL 33966-1012 (239)334-1102 www.Leeschools.net A. Order of Business Subject 1. Call to Order - Mr. Armor Persons, President Meeting Mar 28, 2023 - Lee County School Board Leasing Corporation 6:00 PM Type Procedural File Attachments A. Order of Business Subject 2. Approval of the Agenda as the Order of Business. Meeting Mar 28, 2023 - Lee County School Board Leasing Corporation 6:00 PM Type Action Recommended Action Approval of the Agenda as the Order of Business. File Attachments Motion & Voting Approval of the Agenda as the Order of Business. Motion by Debbie Jordan, second by Melisa Giovannelli. Final Resolution: Motion Carries Yea: Cathleen Morgan, Chris Patricca, Melisa Giovannelli, Debbie Jordan, Samuel Fisher, Jada Fleming, Armor Persons B. Public Comment Subject 1. Public Comment Information Meeting Mar 28, 2023 - Lee County School Board Leasing Corporation 6:00 PM Type Information At this time, members of the public have an opportunity to comment on the Leasing Corporation. The only items that can be
No recording or transcript is held for this meeting.
3 Tuesday, March 28, 2023 Lee County School Board Leasing Corporation 6:00 PM The Lee County School Board Leasing Corporation will meet immediately following a recess in the meeting of The School Board of Lee County, which begins at 6:00 p.m., in the School Board Meeting Room at the Lee County Public Education Center, 2855 Colonial Boulevard, Fort Myers, FL. Board Room Lee County Public Education Center 2855 Colonial Blvd. Fort Myers, FL 33966-1012 (239)334-1102 www.Leeschools.net A. Order of Business Subject 1. Call to Order - Mr. Armor Persons, President Meeting Mar 28, 2023 - Lee County School Board Leasing Corporation 6:00 PM Type Procedural File Attachments A. Order of Business Subject 2. Approval of the Agenda as the Order of Business. Meeting Mar 28, 2023 - Lee County School Board Leasing Corporation 6:00 PM Type Action Recommended Action Approval of the Agenda as the Order of Business. File Attachments Motion & Voting Approval of the Agenda as the Order of Business. Motion by Debbie Jordan, second by Melisa Giovannelli. Final Resolution: Motion Carries Yea: Cathleen Morgan, Chris Patricca, Melisa Giovannelli, Debbie Jordan, Samuel Fisher, Jada Fleming, Armor Persons B. Public Comment Subject 1. Public Comment Information Meeting Mar 28, 2023 - Lee County School Board Leasing Corporation 6:00 PM Type Information At this time, members of the public have an opportunity to comment on the Leasing Corporation. The only items that can be commented on are those outlined on the agenda for the Leasing Corporation. File Attachments C. Secretary's Recommendation Subject 1. Approval of the Minutes of December 6, 2022 Meeting Mar 28, 2023 - Lee County School Board Leasing Corporation 6:00 PM Type Action Fiscal Impact No Recommended Action Approval of the Minutes of the last Lee County School Board Leasing Corporation meeting held on December 6, 2022. Minutes of the Lee County School Board Leasing Corporation meeting of December 6, 2022 are being submitted for approval. There is 1 PDF attached File Attachments December 6, 2022 Lee County School Board Leasing Corp Mtg Minutes -DRAFT.pdf (57 KB) Motion & Voting Approval of the Minutes of the last Lee County School Board Leasing Corporation meeting held on December 6, 2022. Motion by Samuel Fisher, second by Jada Fleming. Final Resolution: Motion Carries Yea: Cathleen Morgan, Chris Patricca, Melisa Giovannelli, Debbie Jordan, Samuel Fisher, Jada Fleming, Armor Persons C. Secretary's Recommendation Subject 2. Approval of the Resolution Authorizing the Issuance of Certificates of Participation, Series 2023A to finance all or a portion of the costs of the construction and equipping of Amanecer Elementary(J), the costs of demolition, construction and equipping Franklin Park Elementary, as well as a portion of the Lehigh Middle School Addition(MM); and Authorizing execution of related documents in connection with the issuance of the Series 2023A Certificates Meeting Mar 28, 2023 - Lee County School Board Leasing Corporation 6:00 PM Type Action, Procedural Recommended Action Approval of the Resolution authorizing (a) the issuance of Certificates of Participation, Series 2023A in an aggregate principal amount not to exceed $150,000,000 for the purpose of financing all or a portion of the costs of the construction and equipping of Amanecer Elementary(J), the costs of demolition, construction and equipping Franklin Park Elementary, as well as a portion of the Lehigh Middle School Addition(MM); (b) the sale thereof in a negotiated public sale, (c) execution and delivery of a Series 2023A Ground Lease and Schedule 2023A to the Master Lease, and (d) execution of related documents in connection with the issuance of the Series 2023A Certificates. The Corporation has determined to lease-purchase finance and refinance certain real property and educational and auxiliary facilities, vehicles and equipment from time to time to The School Board of Lee County, Florida, (the "School Board") pursuant to the Master Lease Purchase Agreement dated as of August 1, 1991 (the "Master Lease") between the Board and the Corporation, as assignee of Florida School Boards Association, Inc. (the "Association"). The Corporation has also determined to enter into ground leases with the School Board and assignment agreements and has entered in a Master Trust Agreement dated as of August 1, 1991, as amended as of June 29, 2020, by and among the Corporation, as assignee of the Association, and U.S. Bank Trust National Association (successor to SunTrust Bank, Central Florida, National Association), as trustee, in order to facilitate such financings and to refinance such financings. Over the past thirty-two (32) years the Corporation and the School Board have financed new educational facilities through the issuance of Certificates of Participation under the Master Lease Program. The Series 2023A Certificates are to be issued for the principal purpose of providing funds needed to finance the costs of the construction and equipping of Amanecer Elementary(J), the costs of demolition, construction and equipping Franklin Park Elementary, as well as a portion of the Lehigh Middle School Addition(MM). The accompanying Resolution, among other purposes: (i) authorizes the issuance of the Series 2023A Certificates; (ii) authorizes the execution and delivery of Schedule 2023A to the Master Lease and a Series 2023A Ground Lease; (iii) authorizes the execution and delivery of a Series 2023A Supplemental Trust Agreement and a Series 2023A Assignment Agreement; (iv) authorizes the sale of the Series 2023A Certificates in a negotiated public sale within certain parameters set forth in the Resolution; (v) authorizes the execution and delivery of a Certificate Purchase Contract; and (vi) provides for incidental action and an effective date. There are 6 PDF attachments File Attachments Leasing Corporation Resolution (Lee Schools 2023A COPs).pdf (151 KB) Ground Lease (Lee Schools 2023A COPs).pdf (277 KB) Assignment Agreement (Lee Schools 2023A COPs).pdf (168 KB) Supplemental Trust Agreement (Lee Schools 2023A COPs).pdf (243 KB) Lease Schedule (Lee Schools 2023A COPs).pdf (258 KB) Certificate Purchase Contract.pdf (220 KB) Motion & Voting Approval of the Resolution authorizing (a) the issuance of Certificates of Participation, Series 2023A in an aggregate principal amount not to exceed $150,000,000 for the purpose of financing all or a portion of the costs of the construction and equipping of Amanecer Elementary(J), the costs of demolition, construction and equipping Franklin Park Elementary, as well as a portion of the Lehigh Middle School Addition(MM); (b) the sale thereof in a negotiated public sale, (c) execution and delivery of a Series 2023A Ground Lease and Schedule 2023A to the Master Lease, and (d) execution of related documents in connection with the issuance of the Series 2023A Certificates. Motion by Chris Patricca, second by Melisa Giovannelli. Final Resolution: Motion Carries Yea: Cathleen Morgan, Chris Patricca, Melisa Giovannelli, Debbie Jordan, Samuel Fisher, Jada Fleming, Armor Persons C. Secretary's Recommendation Subject 3. Approval of the Amendment and Partial Release of Series 2004 Ground Lease and Series 2004 Lease Meeting Mar 28, 2023 - Lee County School Board Leasing Corporation 6:00 PM Type Action, Procedural Recommended Action Approval of the Amendment and Partial Release of Series 2004 Ground Lease and Series 2004 Lease to remove the Series 2004 Facility Site initially designated as "High Tech North Staging Area" (now known as the site of Hector Cafferata Elementary School) and thereby release the parcel and the improvements from the lien of the Series 2004 Ground Lease and Series 2004 Lease. The School Board, as lessor, and the Corporation, as lessee, entered into that certain Series 2004 Ground Lease dated as of January 1, 2004 (as heretofore amended, the “Series 2004 Ground Lease”) with respect to the Series 2004 Facility Sites more particularly described therein, and pursuant to the Series 2004 Ground Lease the School Board and the Corporation entered into that certain memorandum of the Series 2004 Ground Lease. The Corporation, as lessor, and the School Board, as lessee, entered into that certain Schedule 2004 under and pursuant to that certain Master Lease Purchase Agreement dated as of August 15, 1991, as amended as of June 29, 2020 (as heretofore supplemented and further amended and restated, the “Series 2004 Lease”),and pursuant to the Series 2004 Lease the School Board and the Corporation entered into that certain Memorandum of the Series 2004 Lease. The Corporation assigned all of its interest in the Series 2004 Ground Lease and the Series 2004 Lease to the Trustee pursuant to that certain Series 2004 Assignment Agreement dated as of January 1, 2004, between the Corporation and the Trustee. The Series 2004 Ground Lease and Series 2004 Lease currently secure the Series 2017A Certificates which are owned by Banc of America Preferred Funding Corporation (BAPFC). Because of the damage to one of the Series 2004 Projects caused by Hurricane Ian, BAPFC has consented to proposed amendments to the Series 2004 Ground Lease, the Series 2004 Lease, the recorded Lease Memoranda, and the Series 2004 Assignment Agreement in order to remove the Series 2004 Facility Site and Series 2004 Facility initially designated as “High Tech North Staging Area” (now known as Hector Cafferata Elementary School) from the lien of the Series 2004 Ground Lease, the Series 2004 Lease, the Lease Memoranda, and the Assignment Agreement; There is 1 PDF Attached File Attachments Amendment and Release Hector Cafferata.pdf (209 KB) Motion & Voting Approval of the Amendment and Partial Release of Series 2004 Ground Lease and Series 2004 Lease to remove the Series 2004 Facility Site initially designated as "High Tech North Staging Area" (now known as the site of Hector Cafferata Elementary School) and thereby release the parcel and the improvements from the lien of the Series 2004 Ground Lease and Series 2004 Lease. Motion by Jada Fleming, second by Debbie Jordan. Final Resolution: Motion Carries Yea: Cathleen Morgan, Chris Patricca, Melisa Giovannelli, Debbie Jordan, Samuel Fisher, Jada Fleming, Armor Persons D. Good of the Order/Other Business E. Adjournment
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