THE SCHOOL BOARD OF BROWARD COUNTY, FLORIDA

TUESDAY, DECEMBER 12, 2017 - 12:30 P.M.

Board Room of the Kathleen C. Wright Administration Center

600 Southeast Third Avenue

Fort Lauderdale, Florida

BROWARD SCHOOL BOARD LEASING CORPORATION

CALL TO ORDER

MINUTES FOR APPROVAL

November 21, 2017 - Leasing Corporation Meeting (Supporting Docs)

PURPOSE OF MEETING:  For the Broward School Board Leasing Corporation to Adopt Resolution No. 17-02 - Certificates of Participation, 2017B - Refunding Series 2009A - BAB, and any other items the Board deems necessary.

SUPERINTENDENT'S RECOMMENDATION:

1. Resolution No. 17-02 - Certificates of Participation, Series 2017B - Refunding Series 2009A - BAB (Supporting Docs)

Adopt Resolution No. 17-02 - Certificates of Participation, Series 2017B - Refunding Series 2009A - BAB

Resolution No. 17-02 authorizes the refunding of all or a portion of the outstanding Certificates of Participation (COPs), Series 2009A - BAB (Build America Bonds) through the issuance of refunding Certificates of Participation, Series 2017B in the aggregate principal amount of $75,000,000; authorizes the execution of one or more Certificate Purchase Contracts; and approves the form of and authorizes the execution, if required, of the documents in the exhibit section below.

See Executive Summary for further explanation and background.

Copies of the full attachment are available at the Board Members' Office on the 14th Floor of the K. C. Wright Administration Center and available online via the Broward County Public Schools eAgenda at: https://webappe.browardschools.com/eagenda/

The District will realize approximately $6 million in net present value (NPV) savings over the next seventeen (17) years from the refunding COPs Series 2017B. Actual savings may be higher or lower depending upon the market at the time of pricing.

2. Resolution No. 17-03 - Certificates of Participation, Series 2017C - Refunding Series 2011A & 2012A (Supporting Docs)

Adopt Resolution No. 17-03 - Certificates of Participation, Series 2017C - Refunding Series 2011A & 2012A.

Resolution No. 17-03 authorizes the refunding of all or a portion of the outstanding Certificates of Participation (COPs), Series 2011A & 2012A through the issuance of refunding Certificates of Participation, Series 2017C in the aggregate principal amount of $185,000,000; authorizes the execution of one or more Certificate Purchase Contracts; and approves the form of and authorizes the execution, if required, of the documents in the exhibit section below.

See Executive Summary for further explanation and background.

Copies of the full attachments are available at the Board Members' Office on the 14th Floor of the K. W. Wright Administration Center and available online via the Broward County Public Schools eAgenda at: https://webappe.browardschools.com/eagenda/

The District will realize approximately $5.5 million in net present value (NPV) savings over the next nine (9) years from the refunding COPs Series 2017C. Actual savings may be higher or lower depending upon the market at the time of pricing.

ADJOURNMENT

PURSUANT TO FLORIDA STATUTE 286.0105: If a person decides to appeal any decision made by the Leasing Corporation with respect to any matter considered at a meeting or hearing, he/she will need a record of the proceedings, and for such purpose, he/she may need to ensure that a verbatim record of the proceedings is made, which record includes the testimony and evidence upon which the appeal is to be based.

Individuals with disabilities requesting accommodations under the Americans with Disabilities Act Amendments Act of 2008, (ADAAA) may call Equal Educational Opportunities/ADA Compliance Department at 754-321-2150 or Teletype Machine (TTY) 754-321-2158.