The Pasco County Commission has approved $12 million in financing to help cover the costs of five multipurpose sports fields.
The board selected JP Morgan Chase Bank N.A., to handle the Tourism Development Tax Revenue Bond, Series 2023, for a 15-year contract term, unless refunded earlier in accordance with the solicitation documents.
The board also authorized the payments of fees and costs associated with the bond transaction to be paid from proceeds of the bond.
The bond issue will be repaid through Tourist Development Tax proceeds, according to the agreement.
However, during its previous discussion of the issue, the county board said it would continue to consider other sources of repayment.
The additional money is needed because the bid for constructing the fields came in at more than originally had been budgeted.
The board approved a contract in September with Trias for an amount not-to-exceed $15,211,150 for phase two improvements at the sports campus, in Wesley Chapel.
Those improvements include:
- Five multipurpose sports fields, with lighting (plus lighting at two existing fields)
- A concession stand with restrooms
- A multi-use trail
- A parking area for the pavilions, concession stand and trail
- A roadway loop to take teams to the multipurpose fields
- Stormwater ponds
- Additional landscaping
The project is slated for completion by the fall of 2024.
In their previous discussion to seek the financing, board members said it was a necessary step because the project was long overdue.
In other action at the Oct. 24 meeting, the board:
- Approved the award of a professional services agreement to Ally Facility Solutions Inc., d/b/a City Wide Facility Solutions (City Wide), for countywide comprehensive janitorial/custodial services in the annual not-to-exceed (NTE) amount of $2.1 million for fiscal year 2024; an NTE amount of $2.2 million for fiscal year 2025; and, an NTE amount of $2.35 million for fiscal year 2026, resulting in a cumulative NTE amount of $6.65 million for the three-year contract term retroactive to Oct. 1, 2023. The board also delegated authority to the county administrator to approve and execute two optional annual renewals of NTE $2.45 million for fiscal year 2027 and NTE $2.55 million for fiscal year 2028, bringing the total NTE amount for a five-year contract to $11.65 million.
- Confirmed the appointments of Leona Shuler and Cheryl Pollock to the Commission on the Status of Women in Pasco County. Shuler represents the African American Club of Pasco and Pollock represents Premier Community HealthCare Inc.
- Honored Kevin Gallagher who retired after 30 years with Pasco County Public Transportation, now known as GoPasco.
- Approved a change order for a professional services agreement with AECOM Technical Services Inc., to extend the time by 150 calendar days for the completion of the asphalt paving and striping of Ridge Road, from DeCubellis Road/Moon Lake Road east of the Suncoast Parkway. The new completion date is Feb. 7, 2024.
- Approved the purchase and installation of 76,000 square feet of Taraflex floor cover, including racks for storage when not in use, at the Wiregrass Sports Campus in Wesley Chapel. The cost is $258,500, which will be paid with Tourist Development Tax fund proceeds. The use of the flooring is expected to reduce the shock that players absorb while playing and also lower the risk of short-term and long-term injuries to players.
Revised November 08, 2023