GENERAL OBLIGATION BONDS Date Description Purpose Security/Refunding Principal as of 9/30/23* June 1968 $6,700,000 General Obligation Hospital Bonds, Series 1968 Issued for the enhancements to Sarasota Memorial Hospital Matured in 1998 ‑‑ April 1973 $7,750,000 General Obligation Bonds, Series 1973 Issued to acquire property on Lido Key, Otter Key and Manasota Key Matured in 1997 ‑‑ December 1982 $30,000,000 Sales Tax and General Obligation Bonds, Series 1982 Issued to purchase 16,000 acres of the Carlton Reserve Advance refunded by $32,460,000 Sales Tax and General Obligation Refunding Revenue Bonds, Series 1986A ‑‑ August 1986 $32,460,000 Sales Tax and General Obligation Refunding Revenue Bonds, Series 1986A Issued to advance refund $30,000,000 Sales Tax and General Obligation Bonds, Series 1982 Matured in June 1998 ‑‑ December 1986 $13,500,000 General Obligation Bonds, Anticipation Notes Issued to provide temporary financing prior to the issuance of the $20,600,000 General Obligation Bonds, Series 1987A Paid off with the $20,600,000 General Obligation Bonds, Series 1987A ‑‑ May 1987 $20,600,000 General Obligation Bonds, Series 1987A Issued to acquire Lemon Bay Park, Palmer Park, Caspersen Intracoastal Park, Phillippi Estate Park, Blind Pass Park, Nokomis Beach and Shamrock Park Advance refunded by $18,640,000 General Obligation Refunding Bonds, Series 1992 ‑‑ April 1992 $18,640,000 General Obligation Refunding Bonds, Series 1992 Issued to advance refund $20,600,000 General Obligation Bonds, Series 1987A Refunded by $9,630,000 General Obligation Refunding Bonds, Series 2002 ‑‑ February 2002 $9,630,000 General Obligation Refunding Bonds, Series 2002 Issued to refund the outstanding General Obligation Refunding Bonds, Series 1992 Matured in 2007 ‑‑ June 2019 $32,455,000 General Obligation Bonds, Series 2019 Issued to finance a portion of the cost of the acquisition and improvement of the Legacy Trail Extension railroad corridor within the County The full faith, credit and taxing power of the County 27,935,000 July 2020 $24,925,000 General Obligation Refunding Bonds, Series 2020 Issued to finance the acquisition and improvement of the Legacy Trail Extension railroad corridor within the County The full faith, credit and taxing power of the County 22,385,000 NON‑SELF‑SUPPORTING REVENUE BONDS Date Description Purpose Security/Refunding Principal as of 9/30/23* March 1984 $5,000,000 Capital Improvement Revenue Bonds, Series 1984 Issued for enhancements to the County’s solid waste system Advance refunded by $15,000,000 Solid Waste System Revenue Bonds, Series 1987 ‑‑ August 1986 $14,355,000 Sales Tax Revenue Bonds, Series 1986B Issued to construct a public parking garage, the South County Administration Center and to satisfy short‑term indebtedness incurred to acquire park and recreation property Partially advance refunded by $9,995,000 Sales Tax Revenue Refunding Bonds, Series 1992 ‑‑ December 1988 $12,320,000 Revenue Bonds, Series 1988 Issued to partially satisfy a judgment entered against the County in Longboat Key, et al vs Sarasota County Florida Advance refunded by $14,150,000 Revenue Refunding Bonds, Series 1993 ‑‑ July 1990 $4,135,000 Capital Improvement Revenue Bonds, Series 1990 Issued to acquire and construct a variety of capital projects within the County Advance refunded by commercial paper issuance ‑‑ October 1990 $3,425,000 Revenue Bonds, Series 1990 Issued to satisfy in full a settlement entered into by the County, the City of Venice and the City of Sarasota in Longboat Key, et al vs Sarasota County, Florida and to partially satisfy a settlement in the same case with the City of North Port and the Town of Longboat Key Advance refunded by $14,150,000 Revenue Refunding Bonds, Series 1993 ‑‑ February 1992 $8,675,000 Environmentally Sensitive Land Acquisition Revenue Bonds, Series 1992 Issued to acquire certain lands, including environmentally endangered lands, within the County Advance refunded by $7,220,000 Second Guarantee Entitlement Refunding Revenue Bonds, Series 1998 ‑‑ November 1992 $9,995,000 Sales Tax Revenue Refunding Bonds, Series 1992 Issued to advance refund $9,025,000 of outstanding $14,355,000 Sales Tax Revenue Bonds, Series 1986B Advance refunded by commercial paper debt issuance in September of 2002 ‑‑ 26 Consolidated Major Revenue & Debt Report 2023 HISTORY OF SARASOTA COUNTY BOND ISSUES 1
RkJQdWJsaXNoZXIy MzM3Mjg=