Subject:
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Appointment to the Educational Facilities Authority Board (Board of County Commissioners as a whole).
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Recommended Action:
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Approve two appointments to the Educational Facilities Authority. Two vacancies were created with the resignation of two Educational Facilities Authority members. The two vacancies will expire on November 10, 2025, and October 25, 2027.
• Approve two appointments.
• Applicant names can be viewed on the attached list.
• Ballot/worksheet has been provided.body
The authority issues bonds to make loans for the costs of projects, with the institution receiving the loan responsible for repayment and for cost of administration. Bond issues for educational facility financings are projects approved by the Pinellas County Board of County Commissioners. The Board appoints a total of five members including one member who must be a trustee, director, officer, or employee of an institution of higher education, for five-year terms.
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Background Information:
The Educational Facilities Authority was created pursuant to Chapter 243, Part I, Florida Statutes, and assists fully accredited institutions of higher education and other educational providers with “projects” as defined in Chapter 159, Part II, Florida Statutes, by providing an additional means to finance facilities and structures.
The authority issues bonds to make loans for the costs of projects, with the institution receiving the loan responsible for repayment and for cost of administration. Bond issues for educational facility financings are projects approved by the Pinellas County Board of County Commissioners. The Board appoints a total of five members including one member who must be a trustee, director, officer, or employee of an institution of higher education, for five-year terms.
Attachments:
Roster
Press Release
Applications/Resumes
Ballot/Worksheet
Partner(s):
N/A