Okaloosa County BOCC — August 6, 2013 — reading text

form, contract and lease internal coordination form, and the certificate of insurance are attached. OPTIONS: Approve, Reject or Table. RECOMMENDATIONS: It is Staff's recommendation that the Board approve the contract renewal as described above. RECOMMENDED BY: APPROVED BY: Ernie Padgett, County Administrator Packet Pg. 241 Packet Pg. 242 Packet Pg. 243 Packet Pg. 244 Packet Pg. 245  BOARD OF COUNTY COMMISSIONERS AGENDA REQUEST DATE: October 15, 2013 TO: Honorable Chairman and Members of the Board FROM: Sunil Harman SUBJECT: Michael Koran Lease Renewal DEPARTMENT: Airport BCC DISTRICT: All STATEMENT OF ISSUE: A lease renewal for Michael Koran from December 1, 2013 to November 30, 2014. BACKGROUND: On November 19, 2009, Mr. Michael Koran entered into a Board approved agreement with Okaloosa County to lease his building adjacent to the perimeter fence of the Destin/Ft. Walton Beach Airport for use as an airport maintenance office and storage area. Request is being made for authorization to renew this lease for an additional year. The contract renewal form, contract and lease internal coordination sheet, and the certificate of insurance is attached. OPTIONS: Approve, Reject or Table. RECOMMENDATIONS: It is Staff's recommendation that the Board approve the lease renewal as described above. RECOMMENDED BY: APPROVED BY: Ernie Padgett, County Administrator Packet Pg. 246 Packet Pg. 247 Packet Pg. 248 Packet Pg. 249 Packet Pg. 250 Packet Pg. 251  BOARD OF COUNTY COMMISSIONERS AGENDA REQUEST DATE: October 15, 2013 TO: Honorable Chairman and Members of the Board FROM: Sunil Harman SUBJECT: Approval of Grant for Construction of Entrance Road at Bob Sikes Airport DEPARTMENT: Airport BCC DISTRICT: All STATEMENT OF ISSUE: The Board of County Commissioners is requested to approve a grant offer from the Florida Department of Transportation (FDOT) for a new entrance road to Bob Sikes Airport. BACKGROUND: The FDOT has identified $3,804,231 of aviation and road money to assist in funding the estimated $11,000,000 project to construct a new entrance road from SR 90 northward to the John Givens connector road to the Airport. Although the majority of the funding is identified in Fiscal Years 2016, 2017 and 2018, the Joint Participation Agreement (JPA) has been approved for deferred reimbursement. This approval means that work can begin before funds are appropriated, but reimbursement will not be made until those years in which the funds are officially available. According to the JPA, County participation is estimated at $911,056 from Airport funding, and $6,234,177 will be requested from the FAA under Airport Improvement Program entitlement or discretionary funding. Total project cost currently is estimated at $10,949,464.00. OPTIONS: Approve, Table or Disapprove. RECOMMENDATIONS: Staff recommends acceptance of the deferred reimbursement JPA and authorize the Chairman to sign by approval of the attached Signature Resolution. RECOMMENDED BY: APPROVED BY: Ernie Padgett, County Administrator Packet Pg. 252 Packet Pg. 253 Packet Pg. 254 Packet Pg. 255 Packet Pg. 256 Packet Pg. 257 Packet Pg. 258 Packet Pg. 259 Packet Pg. 260 Packet Pg. 261 Packet Pg. 262 Packet Pg. 263 Packet Pg. 264 Packet Pg. 265 Packet Pg. 266 Packet Pg. 267 Packet Pg. 268 Packet Pg. 269 Packet Pg. 270 Packet Pg. 271 Packet Pg. 272 Packet Pg. 273 Packet Pg. 274 Packet Pg. 275 Packet Pg. 276 Packet Pg. 277 Packet Pg. 278 Packet Pg. 279 Packet Pg. 280 Packet Pg. 281 Packet Pg. 282 Packet Pg. 283  BOARD OF COUNTY COMMISSIONERS AGENDA REQUEST DATE: October 15, 2013 TO: Honorable Chairman and Members of the Board FROM: Sunil Harman SUBJECT: Bond Refunding Resolution DEPARTMENT: Airport BCC DISTRICT: All STATEMENT OF ISSUE: The Board of County Commissioners is requested to approve a resolution to refund Series 2003 Airport Revenue Bonds and Florida Association of Counties 2008 commercial paper loan. BACKGROUND: The County has previously approved the solicitation of an underwriter and bond counsel with the intention of issuing refunding revenue bonds. The bonds are to be used to finance the refunding of the current Series 2003 airport revenue bonds and repayment of a "bridge" loan from the Florida Association of Counties used to finance the construction of projects at Northwest Florida Regional Airport and Bob Sikes Airport. This Resolution formally authorizes the sale and refunding. Attached hereto are drafts of the Preliminary Official Statement (POS) and the Third Supplemental Indenture required by the Securities and Exchange Commission (SEC) which disclose and require continuing disclosure of pertinent financial and operational information about the Airport of interest to potential bond purchasers. Also attached is an Escrow Deposit Agreement with The Bank of New York Mellon Trust Company which serves as the Trustee and Escrow Agent for the bonds, and a Bond Purchase Contract with the Royal Bank of Canada, the authorized underwriter for the sale, which company agrees to purchase the bonds for resale to the public. In addition, the Board is requested to approve the holding of a public hearing on November 5, 2013, to consider adoption of a resolution to approve the issuance of the Refunding Bonds (Series 2013) a portion of which will be used to repay a commercial paper loan from the Florida Association of Counties. A portion of that loan was used to finance facilities to be used by private parties, so Section 147(f) of the Internal Revenue Code of 1986 requires satisfactory documentation and approval of bond counsel as to the tax-exempt status of any or all of the proposed Series 2013 Bonds in a public forum. OPTIONS: Approve, Table or Disapprove RECOMMENDATIONS: Airport staff and Bond Counsel recommend approval of the Resolution and the scheduling of a Section 147(f) Public Hearing on November 5, 2013. RECOMMENDED BY: Packet Pg. 284 APPROVED BY: Ernie Padgett, County Administrator Packet Pg. 285 Packet Pg. 286 Packet Pg. 287 Packet Pg. 288 Packet Pg. 289 Packet Pg. 290 Packet Pg. 291 Packet Pg. 292 Packet Pg. 293 Packet Pg. 294 Packet Pg. 295 Packet Pg. 296 Packet Pg. 297 Packet Pg. 298 Packet Pg. 299 Packet Pg. 300 Packet Pg. 301 Packet Pg. 302 Packet Pg. 303 Packet Pg. 304 Packet Pg. 305 Packet Pg. 306 Packet Pg. 307 Packet Pg. 308 Packet Pg. 309 Packet Pg. 310 Packet Pg. 311 Packet Pg. 312 Packet Pg. 313 Packet Pg. 314 Packet Pg. 315 Packet Pg. 316 Packet Pg. 317 Packet Pg. 318 Packet Pg. 319 Packet Pg. 320 Packet Pg. 321 Packet Pg. 322 Packet Pg. 323 Packet Pg. 324 Packet Pg. 325 Packet Pg. 326 Packet Pg. 327 Packet Pg. 328 Packet Pg. 329 Packet Pg. 330 Packet Pg. 331 Packet Pg. 332 Packet Pg. 333 Packet Pg. 334 Packet Pg. 335 Packet Pg. 336 Packet Pg. 337 Packet Pg. 338 Packet Pg. 339 Packet Pg. 340 Packet Pg. 341 Packet Pg. 342 Packet Pg. 343 Packet Pg. 344 Packet Pg. 345 Packet Pg. 346 Packet Pg. 347 Packet Pg. 348 Packet Pg. 349 Packet Pg. 350 Packet Pg. 351 Packet Pg. 352 Packet Pg. 353 Packet Pg. 354 Packet Pg. 355 Packet Pg. 356 Packet Pg. 357 Packet Pg. 358 Packet Pg. 359 Packet Pg. 360 Packet Pg. 361 Packet Pg. 362 Packet Pg. 363 Packet Pg. 364 Packet Pg. 365 Packet Pg. 366 Packet Pg. 367 Packet Pg. 368 Packet Pg. 369 Packet Pg. 370 Packet Pg. 371 Packet Pg. 372 Packet Pg. 373 Packet Pg. 374 Packet Pg. 375 Packet Pg. 376 Packet Pg. 377 Packet Pg. 378 Packet Pg. 379 Packet Pg. 380 Packet Pg. 381 Packet Pg. 382 Packet Pg. 383 Packet Pg. 384 Packet Pg. 385 Packet Pg. 386 Packet Pg. 387 Packet Pg. 388 Packet Pg. 389 Packet Pg. 390 Packet Pg. 391 Packet Pg. 392 Packet Pg. 393 Packet Pg. 394 Packet Pg. 395 Packet Pg. 396 Packet Pg. 397 Packet Pg. 398 Packet Pg. 399 Packet Pg. 400 Packet Pg. 401 Packet Pg. 402 Packet Pg. 403 Packet Pg. 404 Packet Pg. 405 Packet Pg. 406 Packet Pg. 407 Packet Pg. 408 Packet Pg. 409 Packet Pg. 410 Packet Pg. 411 Packet Pg. 412 Packet Pg. 413 Packet Pg. 414 Packet Pg. 415 Packet Pg. 416 Packet Pg. 417 Packet Pg. 418 Packet Pg. 419 Packet Pg. 420 Packet Pg. 421 Packet Pg. 422 Packet Pg. 423 Packet Pg. 424 Packet Pg. 425 Packet Pg. 426 Packet Pg. 427 Packet Pg. 428 Packet Pg. 429 Packet Pg. 430 Packet Pg. 431 Packet Pg. 432 Packet Pg. 433 Packet Pg. 434 Packet Pg. 435  BOARD OF COUNTY COMMISSIONERS AGENDA REQUEST DATE: October 15, 2013 TO: Honorable Chairman and Members of the Board FROM: Rick Owen SUBJECT: EDC - Renewal of Ad Valorem Tax Exemption Program DEPARTMENT: County Administrator BCC DISTRICT: All STATEMENT OF ISSUE: The EDC requests Board approval of referendum pertaining to the Ad Valorem Tax Exemption Program renewal. BACKGROUND: The Economic Development Ad Valorem Tax Exemption is an incentive program in which Okaloosa County voters authorized the board to grant qualifying businesses an exemption in their county property taxes of up to 100 percent for up to 10 years. This program was initially approved by voters in 1981 and renewed in 1992. In September 2002, voters rejected the program. In March 9, 2004 voters approved the revival of the program. Per Section 3, Article VII of the State Constitution: (c)Any county or municipality may, for the purpose of its respective tax levy and subject to the provisions of this subsection and general law, grant community and economic development ad valorem tax exemptions to new businesses and expansions of existing businesses, as defined by general law. Such an exemption may be granted only by ordinance of the county or municipality, and only after the electors of the county or municipality which is voting on such question in a referendum authorize the county or municipality to adopt such ordinances. An exemption so granted shall apply to improvements to real property made by or for the use of a new business and improvements to real property related to the expansion of an existing business and shall also apply to tangible personal property of such new business and tangible personal property related to the expansion of an existing business. The amount or limits of the amount of such exemption shall be specified by general law. The period of time for which such exemption may be granted to a new business or expansion of an existing business shall be determined by general law. The authority to grant such exemption shall expire ten years from the date of approval by the electors of the county or municipality, and may be renewable by referendum as provided by general law. The authority to grant exemptions is set to expire in March 2014. The authority may be renewed for subsequent 10-year periods if each 10-year renewal is approved in a referendum. Florida Statute 196.1995 has been provided as Exhibit A. Cost analysis for a referendum by the Okaloosa County Supervisor of Elections is provided in Exhibit B. OPTIONS: