Title:
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Approve and authorize the Chairman to execute a Resolution of the Board of County Commissioners of Seminole County, Florida, allowing the sale of a property (Abbey Delray), for which the Palm Beach County Health Facilities Authority previously issued revenue bonds. The Borrower intends to sell Abbey Delray and use a portion of the proceeds of the sale to pay the costs of additions, renovations, remodeling, equipping and miscellaneous capital improvements to the Village on the Green Project located in Seminole County at 500 Village Place, Longwood, Florida, 32779, as further described in the Resolution; and providing an effective date. Countywide. (Kate Latorre, County Attorney)
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Division:
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County Attorney Office
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Authorized By:
Kate Latorre, County Attorney
Contact/Phone Number:
Kate Latorre/407-665-7257
Background:
The required public hearing was held on November 13, 2024.
Approval of the Resolution does not obligate Seminole County to incur liability, pecuniary or otherwise, in the subject transaction.
Requested Action:
Staff requests the Board adopt the Resolution approving the sale of Abbey Delray for the purpose of providing funds to pay the costs of additions, renovations, remodeling, equipping and miscellaneous capital improvements to the Village on the Green Project in the amount not expected to exceed $10,000,000