SUMMARY NOTICE OF SALE
$125,000,000* SCHOOL DISTRICT OF BROWARD COUNTY, FLORIDA TAX ANTICIPATION NOTES, SERIES 2018
Electronic bids will be received via Parity® by the School District of Broward Beach County, Florida (the “District”) until 11:00 A.M., Eastern Time on
September 18, 2018
(or on such later date as may be established by the Treasurer of the District or his designee and communicated through Thomson Municipal Market Monitor not less than twenty-four (24) hours prior to the time the bids are to be received, but in no event less than ten (10) days from the date of the Official Notice of Sale) for the purchase of $125,000,000* aggregate principal amount of School District of Broward County, Florida Tax Anticipation Notes, Series 2018 (the “Notes”). To the extent any instructions or directions set forth on Parity® conflict with the Official Notice of Sale, the terms of the Official Notice of Sale shall prevail. For further information about Parity®, potential bidders may contact i-Deal LLC at 1359 Broadway, 2nd Floor, New York, New York 10018 or telephone (212) 849-5021. The use of Parity® shall be at the bidder’s risk and expense, and the District shall have no liability with respect thereto.
Only bids submitted through Parity® will be considered. No telephone, telefax, telegraph, mail, courier delivery or personal delivery bids will be accepted. To participate, bidders must be a contracted customer of the BiDCOMP Competitive Bidding System (the “System”). If the prospective bidder does not have a contract with the System call (212) 849-5021 to become a customer and to obtain a list of the bidding rules and procedures.
The Notes will be dated as of their date of issue, will pay interest only upon their maturity on June 30, 2019, and are not subject to redemption prior to their stated date of maturity. The Notes will be issued in fully-registered, book-entry-only form through a program qualified with The Depository Trust Company, New York, New York, as depository; in denominations of $5,000 each or integral multiples thereof.
The Notes and the interest thereon will be limited obligations of the District, payable from and secured by a pledge of the ad valorem taxes collected for operating purposes of the District during its fiscal year ending June 30, 2019, and amounts on deposit in the sinking fund for the Notes.
Copies of the Preliminary Official Statement, the Official Notice of Sale and the Form of Opinion of Greenberg Traurig, P.A., Miami, Florida, Note Counsel, may be obtained electronically from www.munios.com, or from PFM Financial Advisors LLC, Financial Advisor to the District, 300 South Orange Avenue, Suite 1170, Orlando, Florida 32801 Telephone: (407) 406-5751, Facsimile: (407) 648-1323, Email: email@example.com.
Dated: September 7, 2018
Preliminary, subject to change