6A – STATE REVOLVING FUND LOAN (SRF) The State of Florida, pursuant to Section 403.1835, Florida Statutes, makes low cost loans to local governments to finance the construction of wastewater pollution control facilities. The County’s first project began in 1995 with the Bee Ridge facilities and extended to 2012 with the Phillippi Creek Septic System Replacement Program (PCSSRP). There were no SRF loans outstanding at September 30, 2023. 6B – CONDUIT FINANCING SARASOTA COUNTY HEALTH FACILITIES AUTHORITY REVENUE BONDS The Sarasota County Health Facilities Authority was created by County Ordinance No. 77‑52, enacted by the Board of County Commissioners of Sarasota County on June 21, 1977, pursuant to the provisions of the Health Facilities Authorities Law, Section 154.201 et seq., Florida Statutes, as amended (the “Act”). Pursuant to the Act, the Authority is authorized to acquire, construct and equip projects suitable for use by nonprofit health facilities in the provision of nursing and like‑care services; to issue its revenue bonds to finance the cost of such projects; and to secure such revenue bonds by a pledge of the revenues derived from the projects, security issues and mortgages. The Authority has no taxing power, and approval by the Board of County Commissioners is required prior to creation of any indebtedness by the Authority. Such bonds are limited obligations of the Authority payable solely out of the security specified in the Bond Indentures. Such bonds do not constitute an indebtedness of Sarasota County or the State of Florida. The following Health Facilities Authority Revenue Bond issues were outstanding as of September 30, 2023: Southwest Florida Retirement Center $33,190,000 issued 11/02/16 Maturity date: 01/01/32 $58,385,000 issued 12/21/17 Maturity date: 01/01/52 Plymouth Harbor $26,000,000 issued 12/10/15 Maturity date: 12/10/27 Glenridge on Palmer Ranch, Inc. $52,000,000 issued 09/22/15 Maturity date: 10/01/25 Sunnyside Properties of Sarasota, Inc. $21,325,000 issued 06/12/18 Maturity date: 05/15/48 44 Consolidated Major Revenue & Debt Report 2023 LOANS AND FINANCING 6 Drum Circle at Siesta Beach
RkJQdWJsaXNoZXIy MzM3Mjg=