NEW DEBT $61,295,000 Utility System Revenue Bonds, Series 2020A to finance the design, acquisition and construction of facilities expanding and improving the County’s Utility System and to refinance a loan from the Pooled Commercial Paper Loan Program of the Florida Local Government Finance Commission. $44,740,000 Utility System Revenue Refunding Bonds, Series 2020B (Federally Taxable) to advance refund the County’s Utility System Revenue Refunding Bonds, Series 2011A, maturing on or after October 1, 2022 and to advance refund the County’s Utility System Revenue Bonds, Series 2013, maturing on or after October 1, 2024. $36,740,000 Subordinate Utility System Revenue Refunding Note, Series 2021 to refinance the County’s outstanding loans from the State of Florida Department of Environmental Protection related to the County’s water and sewer Utility System and to refund the outstanding County’s Subordinate Utility System Revenue Refunding Note, Series 2012. $31,975,000 Solid Waste System Revenue Note, Series 2021 to finance the acquisition and construction of the County’s Central Solid Waste Phase III Landfill and other improvements to its Solid Waste System. The County issued several Commercial Paper Revenue Notes, totaling $15.1 million, for various projects. Sarasota County has total outstanding debt of $706.9 million for fiscal year 2021, which is an increase of $58.8 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 Arlington Park
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