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Lowndes Drosdick Doster~\.-~'~"'~. Kantor~ I. CONSENT AGENDA COUNTY ADMINISTRATOR 1 MICHAEL A. RYAN mike.r-yan@-lowndes~-law,com- 215 NORTH EOLA DRIVE, ORLANDO, FLORIDA 32801 T: 407-418-6355] F: 407-843-4444 Reed,P.A .......- A i T 0 R N E Y S TiT MER1TAS LAW fiRMS WORLDWIDE A T LAW September 14, 2016 VIA HAND DELIVERY: Mayor Teresa Jacobs -AND- Orange County Board of County Commissioners Orange County Administration Center 201 S. Rosalind Avenue, 5th Floor Orlando, Florida 32801 Re: A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF ORANGE COUNTY, FLORIDA, APPROVING THE ISSUANCE BY THE ORANGE COUNTY HEALTH FACILITIES AUTHORITY OF ITS REVENUE REFUNDING BONDS (ORLANDO SENIOR HEALTH NETWORK PROJECT), SERIES 2016, IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $21,000,000; AND PROVIDJNG AN EFFECTIVE DATE Dear Mayor Jacobs: The Orange County Health Facilities Authority (the "Authority") respectfully requests that the Board of County Commissioners approve a resolution regarding the issuance of tax exempt revenue bonds for Orlando Lutheran Towers, Inc. (the "Borrower"). The proceeds of the bond issue will be used for a proposed loan of $21,000,000 to the Borrower to refund the remaining balance of the Authority's First Mortgage Revenue Bonds (Orlando Lutheran Towers, Inc. Project) Series 2007. As you are probably aware, approval by the Board of a bond issue involving an Orange County project is required by the Internal Revenue Code of 1986, as amended. ACTION REQUESTED: APPROVAL AND EXECUTION OF A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF ORANGE COUNTY, FLORIDA, APPROVING THE ISSUANCE BY THE ORANGE COUNTY HEALTH FACILITIES AUTHORITY OF ITS REVENUE REFUNDING BONDS (ORLANDO SENIOR HEALTH NETWORK PROJECT), SERIES 2016, IN AN AGGREGATE 16 16

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