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9.A.1. PUBLIC HEARING - TEFRA (TAX EQUITY FISCAL <br />RESPONSIBILITY AMRESOLUTION 99-066 <br />AUTHORIZING THE ISSUANCE OF INDUSTRIAL <br />DEVELOPMENT REVENUE BONDS NOT TO EXCEED <br />$18,000,000 (ST. EDWARD'S SCHOOL, INC.) <br />PROOF OF PUBLICATION OF ADVERTISEMENT FOR HEARING IS ON FILE IN TAE OFFICE OF THE <br />CLERK TO THE BOARD <br />The Board reviewed a Memorandum of July 7, 1999: <br />TO: Members of the Board <br />of County Commissioners <br />DATE: July 7, 1999 <br />SUBJECT: TEFRA (TAX EQUITY FISCAL RESPONSIBELX17Y ACT) <br />PUBLIC HEARING AND PXSOLUTION AUTHORIZING <br />SAINT EDWARD'S SCHOOL INCORPORATED TO ISSUE <br />INDUSTRIAL DEVELOPMENT REVENUE BONDS NOT TO <br />EXCEED $18,000,000.00. <br />OFFICE OF MANAGEMENT AND BUDGET AGENDA ITEM <br />FROM: Joseph A. Baird <br />OMB Director <br />DESCRIPTION AND CONDITIONS <br />On May 18, 1999, the Board of County Commissioners approved an Inducement Resolution and <br />Memorandum of Agreement that authorized Saint Edward's School, Inc. to issue up to <br />$18,000,000.00 in Industrial Development Revenue Bonds. <br />A requirement of Industrial Revenue Bonds is that a TEFRA (Tax Equity Fiscal Responsibility Act) <br />public hearing must be held. <br />RECOMMENDATION <br />Staff recommends the Board of County Commissioners approve and have the Chairman sign the <br />Bond Resolution. <br />ADO 'L /*S <br />Ie' 11iEsti /AJ Zee <br />The Chairman opened the public hearing and asked if anyone wished to be heard <br />regarding this matter. There being none, the Chairman closed the public hearing. <br />JULY 209 1999 <br />-17- s��p <br />BOOK iOJ PAGE C: <br />