Pensacola News Journal
March 25, 2026
NOTICE OF PUBLIC HEARING BY THE BOARD OF COUNTY COMMISSIONERS OF ESCAMBIA COUNTY, FLORIDA
For the limited purposes of Section 147(f) of the Internal Revenue Code of 1986, as amended (the "Code"), notice is hereby given that the Board of County Commissioners (the "Board") of Escambia County, Florida (the "County"), will hold a public hearing on April 1, 2026 at 5:30 p.m. C.T., or as soon thereafter as possible, at the Board's regularly scheduled meeting to be held in the County Commission Meeting Room at the Escambia County Ernie Lee Magaha Government Building, located at 221 Palafox Place, Pensacola, Florida 32502, with respect to the proposed issuance by the County of not exceeding, in the aggregate, $100,000,000 of Escambia County, Florida Industrial Development Revenue Bonds (Florida Power & Light Company Project), Series 2026 (the "Bonds"). The proceeds of the Bonds will be loaned to Florida Power & Light Company, a Florida corporation, or one or more of its subsidiaries, affiliates or related entities (collectively, the "Borrower").
The proceeds of the Bonds will be loaned to the Borrower for the principal purposes of: (1) financing (or providing for reimbursement of) all or a portion of the cost of the acquisition, construction, rehabilitation, installation, development, and equipping of: (A) solid waste disposal facilities related to recycling of landfill-generated methane realized from the decomposition of garbage into renewable natural gas including landfill gas collection and conveyance systems, purification and refinement systems, blowers, compressors, pipes, monitoring control systems, site improvements and other assets necessary to support the recycling of the landfill methane; and (B) functionally related and subordinate facilities necessary to the operation of the foregoing facilities described in (A) above including, but not limited to, mechanical and electrical auxiliaries, controls and instrumentation, plant utilities, related building and structures, associated site development, and other functionally related and subordinate facilities (collectively, the "Project"); (2) funding any necessary reserves for the Bonds; and (3) paying costs related to issuance of the Bonds. The Project is or will be located at the Perdido Landfill located at or contiguous to 13009 Beulah Road, Cantonment, Florida 32533-8831 and the Project will be owned and operated by the Borrower.
The Bonds are being issued under the authority of Chapter 125, Florida Statutes and the Florida Industrial Development Financing Act, Part II, Chapter 159, Florida Statues, as amended. The Bonds will be issued in one or more tax-exempt and taxable series of qualified 501(c)(3) bonds, as defined in Section 145 of the Code.
The Bonds shall be payable solely from the revenues derived from a loan and other financing documents to be executed between the County and the Borrower (and, where applicable, the lender) prior to or contemporaneously with the issuance of the Bonds. Neither the Bonds nor the interest thereon shall be an indebtedness of, or a pledge of, the taxing power or any other revenues of the County, the State of Florida, or any political subdivision or agency thereof but will be special and limited obligations of the County payable solely from the sources identified above. Issuance of the Bonds shall be subject to several conditions including the receipt of sufficient private activity bond allocation, satisfactory documentation, the approval by bond counsel as to the tax-exempt status of the interest on all or a portion of the Bonds and receipt of necessary approvals for the financing.
The aforementioned meeting shall be a public meeting and all persons who may be interested will be given an opportunity to be heard concerning the same. Written comments may be submitted prior to the hearing to the County at 221 Palafox Place, Pensacola, Florida 32502; Attention: County Administrator. Subsequent to the public hearing, the Board will consider adoption of a Resolution approving the issuance of the Bonds for the purposes described in this notice, as required by Section 147(f) of the Code.
Further information relating to this matter is available for inspection and copying during regular business hours at the office of the County Administrator at the above address.
Comments made at the hearing are for the consideration of the Board and will not bind any legal action to be taken by the Board in connection with its consideration and approval of the issuance of the Bonds.
IF A PERSON DECIDES TO APPEAL ANY DECISION WITH RESPECT TO ANY SUCH MATTER CONSIDERED AT SUCH HEARING, SUCH PERSON WILL NEED A RECORD OF THE PROCEEDINGS, AND FOR SUCH PURPOSE, SUCH PERSON MAY NEED TO ENSURE THAT A VERBATIM RECORD OF THE PROCEEDING IS MADE, WHICH RECORD INCLUDES THE TESTIMONY AND EVIDENCE UPON WHICH THE APPEAL IS TO BE BASED.
In accordance with the American Disabilities Act, persons needing a special accommodation to participate in this proceeding should contact the County Administrator's office no later than seven days prior to the proceeding at the address given above.
ESCAMBIA COUNTY, FLORIDA BOARD OF COUNTY COMMISSIONERS
March 25 2026
LSAR0482110
Miscellaneous Notices