“local option” financial disclosure presentation to: board of county commissioners november 27,...

“Local Option” Financial Disclosure

Presentation to:

Board of County Commissioners

November 27, 2007

• Full and Public Disclosure of Full and Public Disclosure of Financial Interests (Form 6)Financial Interests (Form 6)- Elected positions and Elected positions and

candidates for those offices,candidates for those offices,- Including the Including the GovernorGovernor and and

CabinetCabinet, , Members of the Members of the LegislatureLegislature, , JudgesJudges, , County County CommissionersCommissioners and and Constitutional OfficersConstitutional Officers

BackgroundBackground

• Statement of Financial Interests Statement of Financial Interests (Form 1)(Form 1)

– Elected positions that don’t file Elected positions that don’t file Form 6Form 6

– Appointed board members, Appointed board members, excluding solely advisory boardsexcluding solely advisory boards

– Certain state, county and municipal Certain state, county and municipal employeesemployees

– Appointed board members required Appointed board members required to file by local optionto file by local option

BackgroundBackground

• Ethics Commission determinationEthics Commission determination

• Boards required to file removed Boards required to file removed from list unless, by December 31, from list unless, by December 31, 2007, the Board exercises its “local 2007, the Board exercises its “local option” to require such filingoption” to require such filing

• Accomplished by resolution or Accomplished by resolution or ordinanceordinance

Local OptionLocal Option

• Civic Facilities AuthorityCivic Facilities Authority

• Industrial Development AuthorityIndustrial Development Authority

• Research & Development AuthorityResearch & Development Authority

• Health Facilities AuthorityHealth Facilities Authority

• Educational Facilities AuthorityEducational Facilities Authority

Special Purpose County Special Purpose County EntitiesEntities

• Dependent special district created by Dependent special district created by special act of the legislature in 1971special act of the legislature in 1971

• Once owned and operated the Citrus Once owned and operated the Citrus BowlBowl

• Few powersFew powers

• No ability to authorize transactions No ability to authorize transactions exceeding $25,000 without consent of exceeding $25,000 without consent of the Boardthe Board


Civic Facilities Authority (CFA)Civic Facilities Authority (CFA)

• Eleven Members are appointed by the Eleven Members are appointed by the Board:Board:– Mickey R.E. BarkettMickey R.E. Barkett– Kimberly A. BowlesKimberly A. Bowles– Daniel F. DillDaniel F. Dill– Mark Palmer KirkhamMark Palmer Kirkham– Douglas Stanton MetcalfDouglas Stanton Metcalf– Cindi D. PriceCindi D. Price– Marilyn Anne Ustler McQueenMarilyn Anne Ustler McQueen– Dorothy D. WynnDorothy D. Wynn– 3 vacant positions3 vacant positions



• Now given staff support by and in Now given staff support by and in CAFR of City of OrlandoCAFR of City of Orlando

• Only outstanding bonds mature in Only outstanding bonds mature in 20102010

• Community Venues Interlocal Community Venues Interlocal provides for dissolution once bonds provides for dissolution once bonds have maturedhave matured

• Staff does not recommend exercising Staff does not recommend exercising the local optionthe local option



• Chapter 159, Part II, Florida StatutesChapter 159, Part II, Florida Statutes

• Established in 1979 by resolution of the Established in 1979 by resolution of the BoardBoard

• Assists in financing capital projects Assists in financing capital projects which foster economic development in which foster economic development in the Countythe County


Industrial Development Authority Industrial Development Authority (IDA)(IDA)

• Five Members are appointed by the Five Members are appointed by the Board:Board:

– Gina Edwards DoleGina Edwards Dole

– Sylvia DunlapSylvia Dunlap

– Laura P. GuitarLaura P. Guitar

– Tanya Teresa JuarezTanya Teresa Juarez

– Francois Didier MenardFrancois Didier Menard



• Conduit issuer of industrial Conduit issuer of industrial development revenue bondsdevelopment revenue bonds

• Paid off by corporate borrowersPaid off by corporate borrowers

• Bonds come through Board for Bonds come through Board for approvalapproval

• Do not obligate any County or IDA Do not obligate any County or IDA fundsfunds

• No assets or liabilitiesNo assets or liabilities

• Local option may be exercised by Local option may be exercised by adoption of an amending resolutionadoption of an amending resolution



• Created pursuant to Chapter 159, Part V, Created pursuant to Chapter 159, Part V, Florida StatutesFlorida Statutes

• Ordinance No. 80-13Ordinance No. 80-13

Special Purpose County Special Purpose County EntitiesEntitiesResearch & Development Authority Research & Development Authority

(RDA)(RDA)

• Nine Members; 8 appointed by the Nine Members; 8 appointed by the BoardBoard– Mercedes J. GomezMercedes J. Gomez– Brenda Kay JacksonBrenda Kay Jackson– Vanessa A. LittletonVanessa A. Littleton– Leo MendezLeo Mendez– Brian John MorrisBrian John Morris– Commissioner Bill SegalCommissioner Bill Segal– Dr. Marion J. SoileauDr. Marion J. Soileau– UCF President or Designee (ex-officio)UCF President or Designee (ex-officio)– 1 vacancy1 vacancy


(RDA)(RDA)

• Operates the Central Florida Research Operates the Central Florida Research Park in conjunction with the Board and Park in conjunction with the Board and UCFUCF

• Budget and any revenues bonds which it Budget and any revenues bonds which it might issue must be approved by the might issue must be approved by the BoardBoard

• Local option may be exercised by Local option may be exercised by amending Ordinance 80-13amending Ordinance 80-13


(RDA)(RDA)

• Created pursuant to Chapter 154, Part Created pursuant to Chapter 154, Part III, Florida StatutesIII, Florida Statutes

• County Ordinance 77-13County Ordinance 77-13


Health Facilities Authority Health Facilities Authority (HFA)(HFA)

• Five Members appointed by the Five Members appointed by the BoardBoard

– John J. CoffeyJohn J. Coffey

– William A. Forness, Jr.William A. Forness, Jr.

– Neil R. NewbergNeil R. Newberg

– Elese C. SanfordElese C. Sanford

– Peter Donovan TaylorPeter Donovan Taylor



• Conduit issuer of revenue bonds which Conduit issuer of revenue bonds which finance health care facilitiesfinance health care facilities


• Bonds must receive TEFRA approval by the Bonds must receive TEFRA approval by the BoardBoard

• Was not mentioned in recent notices from Was not mentioned in recent notices from Ethics CommissionEthics Commission

• Already removed from Commission’s listAlready removed from Commission’s list

• Local option may be exercised by amending Local option may be exercised by amending Ordinance 77-13Ordinance 77-13



• Created pursuant to Chapter 243, Part I, Created pursuant to Chapter 243, Part I, Florida StatutesFlorida Statutes

• County Ordinance 96-7County Ordinance 96-7

Special Purpose County Special Purpose County EntitiesEntitiesEducational Facilities Authority Educational Facilities Authority

(EFA)(EFA)

• Seven Members appointed by the Seven Members appointed by the BoardBoard

– Derek B. BrettDerek B. Brett– Sylvia DunlapSylvia Dunlap– Kevin J. FilerKevin J. Filer– Carmen L. LamboyCarmen L. Lamboy– Marni F. StahlmanMarni F. Stahlman– Elizabeth SterchiElizabeth Sterchi– 1 vacant position1 vacant position


(EFA)(EFA)

• Conduit issuer of revenue bondsConduit issuer of revenue bonds

• TEFRA approval by BoardTEFRA approval by Board


• Local option may be exercisedLocal option may be exercised by by amending Ordinance 96-7amending Ordinance 96-7


(EFA)(EFA)

- Future Action- Return to Board in Future Action- Return to Board in DecemberDecember

- Amending Resolutions (CFA & IDA)Amending Resolutions (CFA & IDA)

- Amending Ordinances (RDA, HFA & EDA)Amending Ordinances (RDA, HFA & EDA)


1.1. Approval of a motion Approval of a motion notnot to exercise the to exercise the Board’s local option to require financial Board’s local option to require financial disclosure by members of the disclosure by members of the Orange Orange County Civic Facilities AuthorityCounty Civic Facilities Authority

2.2. Approval of a motion directing staff Approval of a motion directing staff whether to exercise the Board’s local whether to exercise the Board’s local option to require financial disclosure by option to require financial disclosure by members of Orange County’s members of Orange County’s Industrial Industrial Development AuthorityDevelopment Authority, , Research & Research & Development AuthorityDevelopment Authority, , Health Facilities Health Facilities AuthorityAuthority and and Educational Facilities Educational Facilities AuthorityAuthority

Recommended Recommended ActionAction

“Local Option” Financial Disclosure

Presentation to:

Board of County Commissioners

November 27, 2007

“local option” financial disclosure presentation to: board of county commissioners november 27,...

Documents

economic development

special act

liabilitieslocal option

boardlocal option

dont file form

elected positions

florida statutesordinance

revenues bonds