22-1623 Bonds - Orlando Health for new free-standing emergency department RESOLUTION NO. 22-1623
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF
LONGWOOD, FLORIDA, APPROVING THE ISSUANCE BY THE
ORANGE COUNTY HEALTH FACILITIES AUTHORITY OF ITS
HOSPITAL REVENUE BONDS (ORLANDO HEALTH OBLIGATED
GROUP) IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO
EXCEED $20,000,000, WITH RESPECT TO HEALTHCARE FACILITIES
IN LONGWOOD, FLORIDA, IN ONE OR MORE SERIES OVER THE
LONGEST PERIOD PERMITTED BY LAW, FOR THE BENEFIT OF
ORLANDO HEALTH, INC., A FLORIDA NOT-FOR-PROFIT
CORPORATION; PROVIDING FOR CONFLICTS, SEVERABILITY AND
AN EFFECTIVE DATE.
WHEREAS, the Orange County Health Facilities Authority (the "Orange County
Authority") has been created pursuant to the Health Facilities Authorities Law, Part III of
Chapter 154 of the Florida Statutes, as amended; and
WHEREAS, Orlando Health, Inc., a Florida not-for-profit corporation ("Orlando Health")
has informed the City of Longwood, Florida (the "City"), that it has requested the Orange
County Authority to issue its Hospital Revenue Bonds (Orlando Health Obligated Group) under
a plan of finance in an aggregate principal amount not to exceed $20,000,000, with respect to
its healthcare facilities in Longwood, Florida, in one or more series over the longest period
permitted by law; and
WHEREAS, Orlando Health has represented to the City that the proceeds of the bonds
issued under such plan (the "Bonds") will be loaned to Orlando Health, and used to (a) finance,
refinance, or reimburse the costs of acquiring, constructing, renovating and equipping a new
12,600 square foot free-standing emergency department and related offices, parking and
ancillary facilities of Orlando Health (the initial owner or principal user of such facilities),
located or to be located on the current South Seminole Hospital Campus at 555 West State
Route 434 in Longwood, Florida (collectively, the "Project"), (b) provide one or more debt
service reserve funds for the benefit of all or a portion of the Bonds, if deemed necessary or
desirable, (c) pay a portion of the interest to accrue on the Bonds, if deemed necessary or
desirable, (d) pay certain working capital expenditures, if deemed necessary or desirable, and
(e) pay certain costs of issuance of the Bonds, including the costs of any credit or liquidity
enhancement thereof, if deemed necessary or desirable; and
WHEREAS, Section 147(f) of the Internal Revenue Code of 1986, as amended (the
"Code"), requires the approval of the issuance of the Bonds by the City Commission of the City
(the "City Commission"), as the "applicable elected representative" under Section 147(f) of the
Code, after a public hearing following reasonable public notice; and
WHEREAS, attached hereto as Exhibit A is a copy of the Notice of Public Hearing (the
"Notice") of a Public Hearing held by the City Commission on December 19, 2022 (the "Public
Resolution No.22-1623
Page 1 of 4
Hearing"), which notice was posted on the City of Longwood's public website on December 9,
2022;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF LONGWOOD,
FLORIDA,AS FOLLOWS:
Section 1. Approval of Issuance of the Bonds. The issuance by the Orange County
Authority of the foregoing Bonds, under the plan of finance describe above, in an aggregate
principal amount not to exceed $20,000,000 with respect to the healthcare facilities in
Longwood, Florida, described above, in one or more series over the longest period permitted
by law for the purposes set forth above, is hereby approved, subject to the limitations set forth
in Sections 2 and 3.
Section 2. City's Limited Approval and Obligations. The Bonds do not and shall not
constitute a debt, liability or obligation of the City of Longwood, Florida or of the State of
Florida or of any political subdivision thereof, or as a pledge of the faith and credit or any
taxing power of the City of Longwood, Florida or of the State of Florida or of any political
subdivision thereof, but shall be limited obligations of the Orange County Authority payable
solely from and secured by a pledge of payments to be made only by Orlando Health and
certain of its affiliates (the "Orlando Health Obligated Group"). The approval given by the City
in this Resolution is solely for the purpose of satisfying the requirements of the Code and shall
not be construed as an evaluation by the City of the likelihood of the repayment of the debt
service on the Bonds or of the likelihood that the Project will be designed, permitted,
constructed or operated as represented by Orlando Health. Further, the approval by the City
Commission of the issuance of the Bonds by the Orange County Authority shall not be
construed to obligate the City or its officials and employees to incur any liability, pecuniary or
otherwise, in connection with either the issuance, marketing or repayment of the Bonds or the
acquisition, design, permitting, and construction of the Project.
Section 3. Purpose and Limitations on the Approval by the City. The approval given
herein shall be solely for the purpose of satisfying the requirements of Section 147(f) of the
Code, and shall not be construed as an approval of any zoning application or any regulatory
permit required in connection with the issuance of the Bonds or the Project, or creating any
vested rights for the Project with respect to any land use regulations, and the City Commission
shall not be construed by virtue of its adoption of this Resolution to have waived, or be
estopped from asserting, any rights or responsibilities it may have in that regard. The approval
given herein shall not be construed as an endorsement or approval or recommendation of the
creditworthiness of the Orlando Health Obligated Group or a recommendation to prospective
purchasers to purchase the Bonds. The City and its officials and employees do not give any
representations or warranties concerning the Bonds or the Project to anyone
Section 4. Further Acts. The Mayor and, if necessary, the City Clerk shall sign all
necessary documents on behalf of the City to comply with Orlando Health's requirements of
the documentation pursuant to which the Bonds will be issued, and shall furnish the Orange
County Authority and Orlando Health with such further assurances as the Orange County
Authority and Orlando Health may reasonably require of the City in connection with the
Resolution No.22-1623
Page 2 of 4
issuance and sale of the Bonds which are in conformity with the limitations of this Resolution in
Sections 2 and 3.
Section 5. Ratification of Acts. All of the acts and doings of the Mayor of the City and
of the members of the City Commission, officials, officers, agents and employees of the City
which are in conformity with the intent and purposes of this Resolution, whether heretofore or
hereafter taken or done, shall be and are hereby ratified, confirmed and approved.
Additionally, the City Commission hereby ratifies the posting of the Notice in connection with
the holding of the Public Hearing.
Section 6. Conflicts. All Resolutions or parts of Resolutions in conflict with any of the
provisions of this Resolution are hereby repealed.
Section 7. Severability. If any Section or portion of a Section of this Resolution
proves to be invalid, unlawful, or unconstitutional, it shall not be held to invalidate or impair
the validity, force, or effect of any other Section or part of this Resolution.
Section 8. Effective Date. This Resolution shall become effective immediately upon
its passage and adoption.
PASSED AND ADOPTED THIS 19th DAY OF December A.D., 2022.
CITY COMMISSION
CITY OF LONGWOOD, FLORIDA
Zr'.-----
MATT MORGAN, OR
ATTEST:
H LL NG M , FCRM, CITY CLERK
Approved as to form and legality for the use and reliance of the City of Longwood, Florida,
only.
-..........--1.......). h
DANIEL W. LA JPg(4.--,
RNEY
Resolution No.22-1623
Page 3 of 4
EXHIBIT A
[COPY OF NOTICE OF PUBLIC HEARING]
[To BE ATTACHED]
A-1
NOTICE OF PUBLIC HEARING
NOTICE IS HEREBY GIVEN that a public hearing will be held by the City Commission (the
"Commission") of the City of Longwood, Florida (the "City") on Monday, December 19, 2022
at 6:00 p.m. in the Longwood City Commission Chambers of the Longwood City Hall, located at
175 West Warren Avenue in Longwood, Florida, regarding a plan by the Orange County Health
Facilities Authority (the "Authority") to issue its Hospital Revenue Bonds (Orlando Health
Obligated Group) in an aggregate principal amount not to exceed$20,000,000 with respect to the
healthcare facilities in Longwood, Florida described in this notice, in one or more series over the
longest period permitted by law. The proceeds of the bonds issued under such plan(the"Bonds")
will be loaned to Orlando Health,Inc.,a Florida not-for-profit corporation("Orlando Health")and
will be qualified 501(c)(3)bonds(as defined in Section 145 of the Internal Revenue Code of 1986,
as amended (the "Code")), and will be used to (a) finance, refinance, or reimburse the costs of
acquiring, constructing, renovating and equipping a new 12,600 square foot free-standing
emergency department and related offices, parking and ancillary facilities of Orlando Health (the
initial owner or principal user of such facilities), located or to be located on the current South
Seminole Hospital Campus at 555 West State Route 434 in Longwood,Florida, (b)provide one or
more debt service reserve funds for the benefit of all or a portion of the Bonds,if deemed necessary
or desirable, (c) pay a portion of the interest to accrue on the Bonds, if deemed necessary or
desirable, (d) pay certain working capital expenditures, if deemed necessary or desirable, and (e)
pay certain costs of issuance of the Bonds, including the costs of any credit or liquidity
enhancement thereof, if deemed necessary or desirable.
The public hearing is required by Section 147(f) of the Code. Interested individuals are
invited to express their views, both orally and in writing, on the proposed issuance of the Bonds
by the Authority for the benefit of Orlando Health. Comments at the public hearing are invited.
Written comments may be submitted to Orlando Health or to the City in care of its City Clerk at
175 West Warren Avenue, Longwood, Florida 32750 or by email at clerk@longwoodfl.org, until
the conclusion of the public hearing. At the conclusion of the public hearing,the Commission will
consider the adoption of a resolution approving the issuance of the Bonds solely for the purposes
of Section 147(f)of the Code. A copy of the proposed resolution can be inspected at the office of
the City Clerk at the address set forth above. Additional information can be obtained from Orlando
Health or the City in care of its City Clerk at the address listed above.
In accordance with the Americans with Disabilities Act and Section 286.26, Florida
Statutes,persons with disabilities needing special accommodation to participate in this proceeding,
or those requiring language assistance should contact the City's ADA Coordinator, no later than
48 hours prior to the proceeding,at(407)260-3466, for assistance.
Pursuant to Section 286.0105, Florida Statutes, the City hereby advises that if any person
decides to appeal any decision made by the Commission with respect to any matter considered at
such hearing, such person will need a record of the proceedings and, for such purpose, may need
to ensure that a verbatim record of the proceedings is made, which record includes the testimony
and the evidence upon which the appeal is to be based.
Dated: Friday, December 9, 2022