Broward County Commission Regular Meeting
Director's Name: George Tablack
Department: Finance and Administrative Services Division: Administration
Information
Requested Action
title
MOTION TO ADOPT Resolution No. 2021-521 of the Board of County Commissioners of Broward County, Florida authorizing issuance of Broward County, Florida Tourist Development Tax Revenue Bonds, Series 2021 (Convention Center Expansion Project), in the aggregate principal amount of not to exceed $575,000,000, for the principal purposes of prepaying the Broward County, Florida Bond Anticipation Note, Series 2020A (Convention Center Expansion Project), and paying the costs of design, development, construction and equipping of the Convention Center Expansion; determining the form and certain details of the Series 2021 Bonds; delegating to the County Administrator the determination of certain matters and details concerning said Bonds, including whether the Series 2021 Bonds shall be secured by the reserve account; authorizing the negotiated sale of the Series 2021 Bonds and the execution and delivery of a purchase contract; authorizing the distribution and use of a Preliminary Official Statement, and authorizing the execution and delivery of an Official Statement; approving uncertificated, book-entry only registration of the Series 2021 Bonds with the Depository Trust Company; delegating to the County Administrator authority to negotiate and obtain a credit facility to insure all or a portion of the Series 2021 Bonds and to execute and deliver any related agreements; delegating to the County Administrator authority to negotiate and obtain a reserve account credit facility and to execute and deliver any related agreements; authorizing the execution and delivery of a Disclosure Dissemination Agent Agreement; providing for the application of bond proceeds; appointing a registrar and paying agent, a dissemination agent and, if necessary, an escrow agent; providing for the appointme...
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