SUPPLEMENTAL AGENDA
FINANCE AND ADMINISTRATIVE SERVICES DEPARTMENT
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 appointment of
a financial printer for the Preliminary Official Statement and the Official Statement;
authorizing proper officials to do all things deemed necessary in connection with the
issuance, sale and delivery of the Series 2021 Bonds and the prepayment of the note;
providing for the issuance of additional bonds and refunding bonds; providing for credit
facilities, reserve account credit facilities and hedge agreements with respect to the
Bonds as determined by the County; authorizing all necessary administrative and
budgetary actions related to the Bonds; providing for severability and an effective date.
5.
(Per the Tuesday Agenda Memorandum, the Board's consideration of the
resolution, attached as Exhibit 1, includes the exhibits to the resolution distributed
as Additional Material.)
(Transferred to the Consent Agenda.)
ACTION: (T-11:44 AM) Approved as amended with Regular Meeting Additional
Material, dated November 16, 2021, submitted at the request of Finance and
Administrative Services Department.
VOTE: 9-0.
A. MOTION TO AUTHORIZE County Administrator to approve and execute GMP Contract
Amendment No. 4 to the Master Development Agreement (MDA) between Broward
6.