“Local Option” Financial Disclosure

1. “Local Option” Financial Disclosure Presentation to: Board of County Commissioners November 27, 2007

2. Background • Full and Public Disclosure of Financial Interests (Form 6) • Elected positions and candidates for those offices, • Including the Governor and Cabinet, Members of the Legislature, Judges, County Commissioners and Constitutional Officers

3. Background • Statement of Financial Interests (Form 1) • Elected positions that don’t file Form 6 • Appointed board members, excluding solely advisory boards • Certain state, county and municipal employees • Appointed board members required to file by local option

4. Local Option • Ethics Commission determination • Boards required to file removed from list unless, by December 31, 2007, the Board exercises its “local option” to require such filing • Accomplished by resolution or ordinance

5. Special Purpose County Entities • Civic Facilities Authority • Industrial Development Authority • Research & Development Authority • Health Facilities Authority • Educational Facilities Authority

6. Special Purpose County Entities Civic Facilities Authority (CFA) • Dependent special district created by special act of the legislature in 1971 • Once owned and operated the Citrus Bowl • Few powers • No ability to authorize transactions exceeding $25,000 without consent of the Board

7. Special Purpose County Entities Civic Facilities Authority (CFA) • Eleven Members are appointed by the Board: • Mickey R.E. Barkett • Kimberly A. Bowles • Daniel F. Dill • Mark Palmer Kirkham • Douglas Stanton Metcalf • Cindi D. Price • Marilyn Anne Ustler McQueen • Dorothy D. Wynn • 3 vacant positions

8. Special Purpose County Entities Civic Facilities Authority (CFA) • Now given staff support by and in CAFR of City of Orlando • Only outstanding bonds mature in 2010 • Community Venues Interlocal provides for dissolution once bonds have matured • Staff does not recommend exercising the local option

9. Special Purpose County Entities Industrial Development Authority (IDA) • Chapter 159, Part II, Florida Statutes • Established in 1979 by resolution of the Board • Assists in financing capital projects which foster economic development in the County

10. Special Purpose County Entities Industrial Development Authority (IDA) • Five Members are appointed by the Board: • Gina Edwards Dole • Sylvia Dunlap • Laura P. Guitar • Tanya Teresa Juarez • Francois Didier Menard

11. Special Purpose County Entities Industrial Development Authority (IDA) • Conduit issuer of industrial development revenue bonds • Paid off by corporate borrowers • Bonds come through Board for approval • Do not obligate any County or IDA funds • No assets or liabilities • Local option may be exercised by adoption of an amending resolution

12. Special Purpose County Entities Research & Development Authority (RDA) • Created pursuant to Chapter 159, Part V, Florida Statutes • Ordinance No. 80-13

13. Special Purpose County Entities Research & Development Authority (RDA) • Nine Members; 8 appointed by the Board • Mercedes J. Gomez • Brenda Kay Jackson • Vanessa A. Littleton • Leo Mendez • Brian John Morris • Commissioner Bill Segal • Dr. Marion J. Soileau • UCF President or Designee (ex-officio) • 1 vacancy

14. Special Purpose County Entities Research & Development Authority (RDA) • Operates the Central Florida Research Park in conjunction with the Board and UCF • Budget and any revenues bonds which it might issue must be approved by the Board • Local option may be exercised by amending Ordinance 80-13

15. Special Purpose County Entities Health Facilities Authority (HFA) • Created pursuant to Chapter 154, Part III, Florida Statutes • County Ordinance 77-13

16. Special Purpose County Entities Health Facilities Authority (HFA) • Five Members appointed by the Board • John J. Coffey • William A. Forness, Jr. • Neil R. Newberg • Elese C. Sanford • Peter Donovan Taylor

17. Special Purpose County Entities Health Facilities Authority (HFA) • Conduit issuer of revenue bonds which finance health care facilities • No assets or liabilities • Bonds must receive TEFRA approval by the Board • Was not mentioned in recent notices from Ethics Commission • Already removed from Commission’s list • Local option may be exercised by amending Ordinance 77-13

18. Special Purpose County Entities Educational Facilities Authority (EFA) • Created pursuant to Chapter 243, Part I, Florida Statutes • County Ordinance 96-7

19. Special Purpose County Entities Educational Facilities Authority (EFA) • Seven Members appointed by the Board • Derek B. Brett • Sylvia Dunlap • Kevin J. Filer • Carmen L. Lamboy • Marni F. Stahlman • Elizabeth Sterchi • 1 vacant position

20. Special Purpose County Entities Educational Facilities Authority (EFA) • Conduit issuer of revenue bonds • TEFRA approval by Board • No assets or liabilities • Local option may be exercisedby amending Ordinance 96-7

21. Special Purpose County Entities • Future Action- Return to Board in December • Amending Resolutions (CFA & IDA) • Amending Ordinances (RDA, HFA & EDA)

22. Recommended Action • Approval of a motion not to exercise the Board’s local option to require financial disclosure by members of the Orange County Civic Facilities Authority • Approval of a motion directing staff whether to exercise the Board’s local option to require financial disclosure by members of Orange County’s Industrial Development Authority, Research & Development Authority, Health Facilities Authority and Educational Facilities Authority

23. “Local Option” Financial Disclosure Presentation to: Board of County Commissioners November 27, 2007