Item I01 1.1
Coty f � ,�� ,' BOARD OF COUNTY COMMISSIONERS
�� Mayor David Rice,District 4
The Florida Keys � Mayor Pro Tem Craig Cates,District 1
y Michelle Coldiron,District 2
James K.Scholl,District 3
Ij Holly Merrill Raschein,District 5
County Commission Meeting
August 17, 2022
Agenda Item Number: I.1
Agenda Item Summary #10878
BULK ITEM: No DEPARTMENT: Airports
TIME APPROXIMATE: STAFF CONTACT: Richard Strickland(305) 809-5200
1:30 p.m.
AGENDA ITEM WORDING: A Public Hearing for the purpose of receiving comments and
hearing discussion concerning the County's proposed issuance of NTE $50,000,000.00 in aggregate
principal amount of Monroe County, Florida Airport Revenue Bonds (Key West International
Airport), Series 2022.
ITEM BACKGROUND: The Bonds will be issued to (1) finance and refinance the cost of certain
capital improvements at the Key West International Airport including the development, construction
and equipping of a new second-level concourse of approximately 48,805 square feet("Concourse
A") consisting of: (A) seven gates all fitted with passenger boarding bridges, holdroom areas,
passenger circulation space, concession areas, restrooms, a nursing room, a pet relief area, building
support areas, including mechanical rooms, IT/Communication rooms, an electrical room, elevator,
storage,janitors closet, and stair areas and(B) a ground (apron) level below Concourse A to support
a new baggage make-up area and device(s), tug lanes, airline ramp space, ramp equipment storage,
and circulation space (collectively the"Project"); (2)fund necessary deposits to the reserve account
securing the Bonds; (3) capitalize a portion of the interest of the Bonds; and (4)pay costs related to
the issuance of the Bonds.
The public hearing is required by Section 147(f) of the Internal Revenue Code of 1986, as amended
PREVIOUS RELEVANT BOCC ACTION: NA
CONTRACT/AGREEMENT CHANGES:
n/a
STAFF RECOMMENDATION: Approval
DOCUMENTATION:
7.28 revised bonds Notice of Public Hearing
Packet Pg. 1911
1.1
FINANCIAL IMPACT:
Effective Date:
Expiration Date:
Total Dollar Value of Contract: n/a
Total Cost to County:
Current Year Portion:
Budgeted:
Source of Funds:
CPI:
Indirect Costs:
Estimated Ongoing Costs Not Included in above dollar amounts:
Revenue Producing: No If yes, amount:
Grant:
County Match:
Insurance Required: No
Additional Details:
REVIEWED BY:
Beth Leto Completed 07/26/2022 5:25 PM
Richard Strickland Completed 07/27/2022 12:57 PM
Pedro Mercado Completed 08/02/2022 4:02 PM
Purchasing Completed 08/02/2022 4:05 PM
Budget and Finance Completed 08/02/2022 4:09 PM
Brian Bradley Completed 08/02/2022 4:16 PM
Lindsey Ballard Completed 08/02/2022 4:21 PM
Board of County Commissioners Pending 08/17/2022 9:00 AM
Packet Pg. 1912
1.1.a
NOTICE OF PUBLIC HEARING
Notice is hereby given of a public hearing to be held by the Board of County
Commissioners (the "Board") of Monroe County,Florida(the "County") on August
17, 2022, at 1:30 p.m. or as soon thereafter as the matter can be heard, in the Board
meeting room of the Harvey Government Center, 1200 Truman Avenue, Key West,
Florida, for the purpose of receiving comments and hearing discussion concerning
the County's proposed issuance of not to exceed $50,000,000 in aggregate principal
amount of Monroe County,Florida Airport Revenue Bonds (Key West International
Airport), Series 2022 and possibly other related indebtedness (collectively, the
"Bonds"), pursuant to a resolution to be considered for adoption by the Board on .2
August 17, 2022, as supplemented.
The Bonds will be issued to: (1) finance and refinance the costs of certain
capital improvements to the Key West International Airport (the "Airport"),
including the development, construction and equipping of a new second-level
concourse of approximately 48,805 square feet ("Concourse A") consisting of. (A)
seven gates all fitted with passenger boarding bridges, holdroom areas, passenger
circulation space, concession areas, restrooms, a nursing room, a pet relief area,
building support areas, including mechanical rooms, IT/Communication rooms, an
electrical room, elevator, storage,janitors closet, and stair areas and (B) a ground
(apron) level below Concourse A to support a new baggage make-up area and
device(s), tug lanes, airline ramp space, ramp equipment storage and circulation
4-
space (collectively the "Project"); (2) fund necessary deposits to the reserve account a
securing the Bonds; (3) capitalize a portion of the interest of the Bonds; and (4)pay
costs related to the issuance of the Bonds. Z
U)
The Project will be located at Key West International Airport, 3491 South 0
Roosevelt Boulevard, Key West, Florida. The County will own and operate the
Project which will be part of the Airport.
00
All interested persons are invited to attend said hearing and to, either CN
personally or through their representatives, present oral or written comments and
discussion concerning the proposed plan of finance. Written comments may also
be submitted prior to the hearing at the Office of the County Attorney, 1111 12th
Street, Suite 408, Key West, Florida 33040, Attention: County Attorney. In
accordance with the Americans with Disabilities Act, persons needing a special
accommodation in order to participate in this proceeding should contact the County
Administrator's Office, by phoning (305) 292-4441,between the hours of 8:30 a.m.
— 5:00 p.m., no later than five (5) calendar days prior to the scheduled meeting; if
you are hearing or voice-impaired, call "711". Live Closed Captioning is available
at our web portal @ http://monroecountyfl.igm2.com/Citizens/Default.aspx for
meetings of the Monroe County Board of County Commissioners. Any person
Packet Pg. 1913
1.1.a
deciding to appeal any decision made by the County after the hearing will need to
ensure that a verbatim record of the proceeding is made, which record includes the
testimony and evidence upon which the appeal is to be based.
The public hearing is required by Section 147(f) of the Internal Revenue
Code of 1986, as amended (the "Code"). Subsequent to the public hearing, the
Board will consider whether to approve the issuance of the Bonds as required by
Section 147(f) of the Code. Any person interested in the issuance of the Bonds or
the location or nature of the Project may appear and be heard.
n
By order of the Board of County Commissioners of Monroe County, Florida.
2
MONROE COUNTY, FLORIDA
/s/David Rice
David Rice, Mayor
Board of County Commissioners
CL
4-
0
0
0
U)
0
A
n00
I-
Packet Pg. 1914