2020 Consolidated Major Revenue and Debt Report

NEW DEBT $18,785,000 Capital Improvement Revenue Bonds, Series 2020 to fnance the design and construction of the Downtown Cooling Plant, Facilities Energy Conservation Measures Upgrades, and the East Jail Controls Upgrade. $12,000,000 State Infrastructure Bank (SIB) Loan to fnance improvements necessary to widen and reconstruct River Road. The County did not receive any principal advances from the SIB Loan during the fscal year ended September 30, 2020. $24,925,000 General Obligation Bonds, Series 2020 to fnance a portion of the costs of the improvement of the Legacy Trail Extension railroad corridor within the County. $9,070,000 Infrastructure Sales Surtax Revenue Note, Series 2020 to fnance the acquisition, construction and equipping of the improvements to the South County Courts and R.L. Anderson Building Remodel. The County issued $21.4 million in Commercial Paper for various projects. Sarasota County has total outstanding debt of $648.0 million for fscal year 2020, which is an increase of $19.1 million from the prior year. The County monitors its outstanding debt in relation to the debt market, when cost savings can be realized the debt will be refunded. SarasotaClerk.com 5