Bill Type and Number: Resolution 2006-1238

Sponsor: Council President at the Request of the Jacksonville Health Facilities Authority

Date of Introduction: November 14, 2006

Committee(s) of Reference: F; A

Date of Analysis: November 16, 2006

Type of Action: Bond Issuance Approval

Bill Summary: This bill makes findings and approves issuance by the Jacksonville Health Facilities Authority of its Hospital Revenue Bonds in a collective aggregate amount not to exceed $100,000,000. Conflicting resolutions or orders are superseded and repealed to the extent of any such conflict.

Background Information: Southern Baptist Hospital of Florida, Inc., d/b/a Baptist Medical Center, has requested issuance of these bonds to finance or reimburse all or a portion of (1) the acquisition, construction, and equipping of certain capital improvements, including expanding and/or renovating operating rooms at Baptist Medical Center-Downtown and Baptist Medical Center-South and expanding and/or renovating patient rooms at Baptist Medical Center-South and Baptist Medical Center-Beaches; (2) the purchase of hospital-related equipment at Baptist Medical Center-Downtown, Baptist Medical Center-South, and Baptist Medical Center-Beaches; and, (3) the payment of certain costs of issuance relative to the bonds. Bond proceeds are to be loaned to Southern Baptist Hospital of Florida, Inc.

Policy Impact Area: Jacksonville Health Facilities Authority; Bonds

Fiscal Impact: Undetermined; provides for issuance of bonds in a collective aggregate amount not to exceed $100,000,000

Analyst: Campbell