DATE:  December 5, 2016

Flynn Fidgeon, Public Information Officer
Phone:  772-564-5527


Fitch Ratings has affirmed the approximately $81.7 million certificates of participation at A+.  The COPs are payable from lease rental payments made by the district, subject to annual appropriation, pursuant to a master lease purchase agreement. The district is required to appropriate funds for all outstanding leases under the master lease on an all or none basis. An event of non-appropriation would result in the termination of the master lease, and the surrender to the trustee of all lease-purchased projects under the master lease. 

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