CDFA Florida Financing Roundtable Newsletter - February 2015

CDFA Florida Financing Roundtable Newsletter - February 2015
February 25, 2015



Feature
SELF Closes It's First Pace Loan with Adams Ranch St. Lucie County's new Property-Assessed Clean Energy (PACE) program is officially open. Solar and Energy Loan Fund (SELF) closed on the first loan with Adams Ranch. Osceola County Approves $67.5M in Bonds The Orlando Sentinel reported Osceola County Commission approved up to $67.5 million in bonds to fund UFC "smart sensors" research center. The bonds are backed by sales tax revenues and have a higher interest rate than general revenue bonds. FL Gov. Proposes $77B Budget According to The Bond Buyer, Gov. Scott reduced $272 million in revenues from various programs. Additionally, he limited use of debt financing and recommended $268 million in bond issuance for transportation programs. Miami's 'Eiffel Tower' Using EB-5 The developer of SkyRise tower is planning on funding the project mostly from EB-5 financing. NBC News reports Miami-Dade County will fund $9 million of the $430 million project and the developer is in the process of committing $30 million of his own money. Steel Company Expands at Tampa Port, Creates 108 Jobs The Tampa Tribune reports Tampa Tank's expansion project is the result of a partnership with the Tampa Hillsborough Economic Development Corp., the City of Tampa and Hillsborough County, which provided state and local incentives totalling $2 million.
Upcoming Events
2015 CDFA Florida Conference August 5 - 6, 2015 Join CDFA for the second annual Florida Financing Roundtable Conference on August 5-6, 2015. This two-day conference will focus on the use of bond financing to support infrastructure, energy, redevelopment, non-profits, manufacturing and transit. In addition, economic development finance experts and leaders from around the state will discuss innovative development finance tools and projects, emerging resources and approaches, and how these methods can catalyze investment in the Florida economy. CDFA is excited to partner with FDFC to host this specialized initiative for the economic development and project finance professionals in the state. The conference will be held at Disney's Coronado Springs Resort at Walt Disney World^® Resort, FL and is supported by dozens of the state's finest development finance leaders. Register today to reserve your spot at the 2015 CDFA Florida Financing Roundtable Conference.
Florida News
Investing in Manufacturing Community Partnership (IMCP) Application Strategy Session CDFA \| Feb. 20 \| Federal Obama Proposes Higher Funding for Brownfields Smart Growth America \| Feb. 20 \| Access to Capital \| Brownfield Financing \| Legislative CDFA Announces Brownfields Financing Toolkit CDFA \| Feb. 19 \| Brownfield Financing \| CDFA Original Research CDFI Fund Seeks Public Comment on Program, NACA Application U.S. Treasury \| Feb. 13 \| Access to Capital \| Community Development \| U.S. Dept. of Treasury CDFI Fund IRS Announces QZAB Allocations The Bond Buyer \| Feb. 11 \| Bond Finance \| Economic Development \| Internal Revenue Service (IRS) \| Federal CDFA, Yale Clean Energy Finance Forum Launches New Program CDFA \| Feb. 10 \| CDFA Original Research \| Energy Finance \| Member News \| Webcasts Florida's East Coast MLB Stadium Deal Advances The Bond Buyer \| Feb. 5 \| Bond Finance Administration's Budget Would Permanently Extend NMTC Novogradac & Co. \| Feb. 4 \| Community Development \| Tax Credits \| U.S. Dept. of Treasury \| Federal IRS to Allocate Nearly $1.4B in New CREBs Volume Cap McGuireWoods \| Feb. 4 \| Bond Finance \| Energy Finance \| Member News \| Internal Revenue Service (IRS) \| Federal Miami's Panorama Tower Getting Money from EB-5 Investor South Florida Business Journal \| Feb. 3 \| EB-5 Visa Annual Upgrades Exceeded Downgrades for Public Finance in 2014, Reversing 5-Year Trend Fitch Ratings \| Jan. 29 \| Bond Finance 2014 Year in Review: SEC Municipal Market Enforcement Ballard Spahr \| Jan. 29 \| Bond Finance \| Member News \| U.S. Securities and Exchange Commission (SEC) >>> SEARCH HEADLINES
Sponsors
Roundtable Partner For information about sponsoring the Florida Financing Roundtable, review the sponsor prospectus and complete our sponsorship agreement or contact CDFA.
The Council of Development Finance Agencies is a national association dedicated to the advancement of development finance concerns and interests. CDFA is comprised of the nation's leading and most knowledgeable members of the development finance community representing public, private and non-profit entities alike. For more information about CDFA, visit www.cdfa.net or e-mail info@cdfa.net.