Subject:
Title
Reimbursement resolution establishing the intent for purposes of Section 1.150-2 of the Income Tax Regulations, to reimburse certain costs related to capital improvements to the North County Campus with proceeds of a future tax-exempt financing.
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Recommended Action:
Recommended Action
Approval of the reimbursement resolution establishing its intent, for purposes of Section 1.150-2 of the Income Tax Regulations, to reimburse certain costs related to capital improvements to the North County Campus with proceeds of future tax-exempt financing.
• In a regular meeting duly assembled July 21, 2026, consider the adoption of a Reimbursement Resolution authorizing the reimbursement, from proceeds of a future tax-exempt financing, for capital expenditures to be paid by Pinellas County, Florida (County) in connection with certain capital expenditures related to a new North County Campus (Future Projects). The debt to be incurred by the County with respect to the future projects will not exceed $51,000,000.00.
• The adoption of the Reimbursement Resolution does not constitute authorization to incur debt, nor does it require the County to incur debt. The primary purpose of the Reimbursement Resolution is to preserve the County's legal rights, pursuant to Section 1.150-2 of the Income Tax Regulations, to reimburse itself for expenditures related to the Future Projects.
• The County is responsible for payments of all fees and expenses.
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Strategic Priorities:
Resilient Infrastructure and Environment
1.2 Maintain and enhance County Infrastructure
Summary:
Summary
Pinellas County, Florida (the "County") anticipates making certain capital expenditures related to a new North County Campus and would like to preserve the right, for purposes of Section 1.150-2 of the Income Tax Regulations, to reimburse itself for those capital expenditures from proceeds of a future tax-exempt financing.
The relevant capital expenditures are summarized as follows:
The purpose of this project is to demolish the existing North County Service Center facility and build a new one-stop service center for North County residents. The building is to house operations for multiple County elected officials. In addition to the office building, a new parking garage is also to be constructed.
The services that are to be incorporated into this new North County Service Center include:
Pinellas County Tax Collector: Existing Road Range services are to continue at this location. In addition, all services that are currently housed in the leased space at 29399 US Hwy 19 N, Clearwater will be relocated to the new office building;
Pinellas County Clerk of Courts and Comptroller: Existing Clerk services are to continue at this location; and
Pinellas County Property Appraiser: Property Appraiser services are to be added to this location to provide services to North County residents. This will mimic the services provided at the South County Service Center.
The project is a Construction Manager at Risk delivery. The new office building will be approximately 80,000 square feet. The new parking garage is approximately 140,000 square feet accommodating approximately 364 parking spaces (approximately 384 total parking spaces including surface parking).
The adoption of the Reimbursement Resolution does not constitute authorization to incur debt nor does it require the County to incur debt. The primary purpose of the Reimbursement Resolution is to preserve the County's legal right, pursuant to Section 1.150-2 of the Income Tax Regulations, to reimburse itself for expenditures related to the Future Projects.
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Background Information:
Providing for this reimbursement will allow Pinellas County, Florida to be reimbursed from proceeds of a future tax-exempt financing for capital expenditures related to those certain future projects.
Fiscal Impact:
Pinellas County, Florida is responsible for payments of all fees and expenses.
Staff Member Responsible:
Chris Rose, Director, Office of Management & Budget
Jim Abernathy, Deputy Director, Office of Management & Budget
Partners:
N/A
Attachments:
Resolution
Exhibit A - Future Project Description