[1. CALL TO ORDER]
[00:00:07]
I LIKE TO CALL A MEETING THE ORDER. IT'S MONDAY, JULY 19, 2021.
PLEASE STAND FOR THE PLEDGE OF ALLEGIANCE.
ALLEGIANCE] >> CAN WE PLEASE HAVE THE ROLLCALL PLEASE.
COMMENTS FROM THE PUBLIC. >> THIS IS AN OPPORTUNITY FOR ANYONE TO SPEAK.
HE HAD THREE MINUTES AND YOU WILL BE GIVING A WARNING. IT IS THERE ANYONE THAT WISHES
TO SPEAK PLEASE COME FORWARD. >> IF NOT WE WILL CLOSE THE PUBLIC HEARING AND PROCEED.
[a. Resolution FPRA 21-04 authorizing the issuance of Fort Pierce Redevelopment Agency Redevelopment Revenue Refunding Bonds, Series 2021, in the aggregate principal amount not to exceed $26,000,000, and authorizing the Chair to execute any and all documents necessary.]
>> THE FIRST ITEM ON THE AGENDA IS TURNED 12 RESOLUTION 21 Ã04 AUTHORIZING THE ISSUANCE OF FORT PIERCE REDEVELOPMENT AGENCY REDEVELOPMENT REVENUE REFUNDING BOND SERIES 2021. THE SERIES 2021 BONDS. THE PURPOSE OF PREPAYING THE AGENCY'S OUTSTANDING PRIOR NOTES PROVIDING FOR THE ASSIST ISSUANCE OF ADDITIONAL BONDS ON PARITY THERE WITH PROVIDING FOR THE SECURITY AND PAYMENT OF FUNDS PURSUANT TO THIS RESOLUTION FOR CERTAIN DETAILS FOR THE 2021 BONDS DELEGATING CERTAIN MATTERS IN CONNECTION WITH THE SERIES 2021 BONDS TO THE DIRECTOR OF THE AGENCY INCLUDING WHETHER TO SECURE A CREDIT FACILITY WITHIN THE LIMITATIONS DATED HERE IN APPOINTING AN UNDERWRITER PAYING AGENT REGISTRAR AND DISCLOSURE DISSEMINATION AGENT APPROVING THE FORM OF THE PRELIMINARY OFFICIAL STATEMENT FOR THE 2021 BONDS AND AUTHORIZING EXECUTION OF THE FINAL STATEMENT OF THE SERIES 2021 BONDS. AUTHORIZING THE NEGOTIATION SALE OF THE BONDS APPROVING AND AUTHORIZING EXECUTION OF THE BOND PURCHASE AGREEMENT FOR THE SERIES 2021 BONDS. THIS AUTHORIZES AUTHORITIES AGENCIES TO TAKE ON NECESSARY ACTIONS IN CONNECTION WITH THE SERIES 2021 BONDS AND PROVIDES FOR AN EFFECTIVE DATE.
>> MISTER MIMS? >>. AYES, MA'AM CHAIR AND MEMBERS OF THE FPRA BOARD WE DO HAVE OUR DIRECTOR OF FINANCE THAT'S GOING TO TALK TO US ABOUT OUR
STRATEGIES ABOUT EESE OUR GOALS THREE DEBT RESTRUCTURING. >> AFTERNOON MAYOR AND COMMISSIONERS. I'M EXCITED TO ANNOUNCE THAT WE HAVE AN OPPORTUNITY TO REFUND OUR 2015 SERIES AMB BONDS. OUR REVENUE BONDS. THE CURRENT INTEREST RATE IS 3.5%. THIS REFUNDING WILL MISS AN OPPORTUNITY TO REFUND AT 1.33% WITH A SAVINGS OF $120,000 ANNUALLY AND A NET SAVINGS OF ABOUT $1.1 MILLION.
THAT EXTENDING THE MATURITY DATE ON THE DEBT. IT WAS STILL GO TO 2031 SAME TIME. AND WERE SAVING ABOUT $1.1 MILLION.
>> ANY QUESTIONS OF MISS MORRIS? >> ANY DISCUSSION?
I WILL ENTERTAIN A MOTION. >> I WILL MOVE FOR THE APPROVAL.
>> I WILL SECOND. >> PLEASE CALL THE ROLE. >>.
>> NO COMMENTS AT THIS TIME EXPORT COMMENTS? >> I THINK THE NEXT ITEM IS
* This transcript was compiled from uncorrected Closed Captioning.