School District of Clay County Green Cove Springs, Florida |
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Teacher Inservice Center - Fleming Island High School 2233 Village Square Parkway Hearings for Special Actions regarding Students - 3:00 p.m. REGULAR MEETING - 7:00 p.m. |
Agenda Item #54 Item Title Consider adopting a resolution authorizing the sale of Certificates of Participation (COP), Series 2012, in a principal amount of not exceeding $16.0M for the purpose of refunding of all or a portion of the COP, Series 2003 to achieve debt service savings Issue/Rationale The refunding of the COP Series 2003 will provide a savings in interest payments on future debt service payments. Recommended Action Approve the resolution authorizing the sale of Certificates of Participation, Series 2012 as presented. Financial Impact The Certificates of Participation will be paid off from the district's Local Capital Improvement Fund Mill Levy. Submitted By Dr. George F. Copeland, Assistant Superintendent of Business Affairs Attachment: Clay School Board Resolution(1).pdf |