Sarasota County Consolidated Major Revenue and Debt Report 2019

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 extends to 2012 with the Phillippi Creek Septic System Replacement Program (PCSSRP). Outstanding balances shown are as of September 30, 2019. STATE REVOLVING FUND LOAN YEAR PROJECT INTEREST RATE % OUTSTANDING PRINCIPAL 2003 Bee Ridge Reclamation Facility Expansion and Septic System Replacement Program Preconstruction 2.95-3.11 $ 8,761,755 2004 PCSSRP Area F 2.71 2,182,424 2007 PCSSRP Area K 2.65 8,852,667 2011 PCSSRP Area N 2.80 4,526,607 2012 PCSSRP Area O 2.19-2.55 11,835,867 TOTAL STATE REVOLVING FUND LOANS $ 36,159,320 6b - CONDUIT FINANCING SARASOTA COUNTY HEALTH FACILITIES AUTHORITY 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 44 Consolidated Major Revenue & Debt Report 2019 6 - LOANS AND FINANCING 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 bond issues were outstanding as of September 30, 2019: Southwest Florida Retirement Center $33,190,000 issued 11/02/16 Maturity date: 01/01/32 $71,635,000 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